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Tag: effect

Ocean pollutants ‘have negative effect on male fertility’

Ocean pollutants ‘have negative effect on male fertility’

Science
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Positive pay system for cheque payments to come into effect from January 1, 2021: RBI

Positive pay system for cheque payments to come into effect from January 1, 2021: RBI

Finance
Mumbai: In order to check banking fraud, the Reserve Bank of India has decided to introduce from January 1, 2021, the 'positive pay system' for cheque, under which re-confirmation of key details may be needed for payments beyond Rs 50,000. Availing of this facility would be at the discretion of the account holder. However, banks may consider making it mandatory in case of cheques for amounts of Rs 5 lakh and above. Under the positive pay system, the issuer of the cheque will be required to submit electronically, through SMS, mobile app, internet banking or ATM certain minimum details of that cheque like date, name of the beneficiary, payee, amount to the drawee bank. These details will be cross-checked before the cheque is presented for payment. In case any discrepancy is flagged by cheque...
Climate change: Lockdown has ‘negligible’ effect on temperatures

Climate change: Lockdown has ‘negligible’ effect on temperatures

Science
The dramatic drop in greenhouse gases and air pollutants seen during the global lockdown will have little impact on our warming planet say scientists.Their new analysis suggests that by 2030, global temperatures will only be 0.01C lower than expected. But the authors stress that the nature of the recovery could significantly alter the longer term outlook.A strong green stimulus could keep the world from exceeding 1.5C of warming by the middle of this century.Previous studies have already established that there were significant changes to greenhouse gas emissions as transport systems shut down around the world in response to the pandemic. Global daily emissions of CO2 fell by 17% at the peak of the crisis.The new study builds on t...
Robert Shiller: A Trump effect could drive the record market rally through 2020

Robert Shiller: A Trump effect could drive the record market rally through 2020

Finance
Nobel-prize winning economist Robert Shiller believes the record market rally could last months — if not more.He suggests there's an emotional high gripping the market right now that shows little signs of fading."I put Trump as the primary cause of the recent strength in the market," the Yale University professor told CNBC's "Trading Nation" on Friday. "He's a motivational speaker. We've never had a motivational speaker president before. He knows how to create animal spirits."Shiller, who won the Nobel Prize in 2013, is known for predicting the 2000 stock market plunge and the 2006 housing bubble. He wrote this year's book "Narrative Economics," which digs into the idea that popular stories help drive economic events.It's a concept that applies to the current market dynamics and the import