Simple Binary Options Trading Strategy 101 Pdf

Everything You Always Wanted To Know About Swaps* (*But Were Afraid To Ask)

Hello, dummies
It's your old pal, Fuzzy.
As I'm sure you've all noticed, a lot of the stuff that gets posted here is - to put it delicately - fucking ridiculous. More backwards-ass shit gets posted to wallstreetbets than you'd see on a Westboro Baptist community message board. I mean, I had a look at the daily thread yesterday and..... yeesh. I know, I know. We all make like the divine Laura Dern circa 1992 on the daily and stick our hands deep into this steaming heap of shit to find the nuggets of valuable and/or hilarious information within (thanks for reading, BTW). I agree. I love it just the way it is too. That's what makes WSB great.
What I'm getting at is that a lot of the stuff that gets posted here - notwithstanding it being funny or interesting - is just... wrong. Like, fucking your cousin wrong. And to be clear, I mean the fucking your *first* cousin kinda wrong, before my Southerners in the back get all het up (simmer down, Billy Ray - I know Mabel's twice removed on your grand-sister's side). Truly, I try to let it slide. I do my bit to try and put you on the right path. Most of the time, I sleep easy no matter how badly I've seen someone explain what a bank liquidity crisis is. But out of all of those tens of thousands of misguided, autistic attempts at understanding the world of high finance, one thing gets so consistently - so *emphatically* - fucked up and misunderstood by you retards that last night I felt obligated at the end of a long work day to pull together this edition of Finance with Fuzzy just for you. It's so serious I'm not even going to make a u/pokimane gag. Have you guessed what it is yet? Here's a clue. It's in the title of the post.
That's right, friends. Today in the neighborhood we're going to talk all about hedging in financial markets - spots, swaps, collars, forwards, CDS, synthetic CDOs, all that fun shit. Don't worry; I'm going to explain what all the scary words mean and how they impact your OTM RH positions along the way.
We're going to break it down like this. (1) "What's a hedge, Fuzzy?" (2) Common Hedging Strategies and (3) All About ISDAs and Credit Default Swaps.
Before we begin. For the nerds and JV traders in the back (and anyone else who needs to hear this up front) - I am simplifying these descriptions for the purposes of this post. I am also obviously not going to try and cover every exotic form of hedge under the sun or give a detailed summation of what caused the financial crisis. If you are interested in something specific ask a question, but don't try and impress me with your Investopedia skills or technical points I didn't cover; I will just be forced to flex my years of IRL experience on you in the comments and you'll look like a big dummy.
TL;DR? Fuck you. There is no TL;DR. You've come this far already. What's a few more paragraphs? Put down the Cheetos and try to concentrate for the next 5-7 minutes. You'll learn something, and I promise I'll be gentle.
Ready? Let's get started.
1. The Tao of Risk: Hedging as a Way of Life
The simplest way to characterize what a hedge 'is' is to imagine every action having a binary outcome. One is bad, one is good. Red lines, green lines; uppie, downie. With me so far? Good. A 'hedge' is simply the employment of a strategy to mitigate the effect of your action having the wrong binary outcome. You wanted X, but you got Z! Frowny face. A hedge strategy introduces a third outcome. If you hedged against the possibility of Z happening, then you can wind up with Y instead. Not as good as X, but not as bad as Z. The technical definition I like to give my idiot juniors is as follows:
Utilization of a defensive strategy to mitigate risk, at a fraction of the cost to capital of the risk itself.
Congratulations. You just finished Hedging 101. "But Fuzzy, that's easy! I just sold a naked call against my 95% OTM put! I'm adequately hedged!". Spoiler alert: you're not (although good work on executing a collar, which I describe below). What I'm talking about here is what would be referred to as a 'perfect hedge'; a binary outcome where downside is totally mitigated by a risk management strategy. That's not how it works IRL. Pay attention; this is the tricky part.
You can't take a single position and conclude that you're adequately hedged because risks are fluid, not static. So you need to constantly adjust your position in order to maximize the value of the hedge and insure your position. You also need to consider exposure to more than one category of risk. There are micro (specific exposure) risks, and macro (trend exposure) risks, and both need to factor into the hedge calculus.
That's why, in the real world, the value of hedging depends entirely on the design of the hedging strategy itself. Here, when we say "value" of the hedge, we're not talking about cash money - we're talking about the intrinsic value of the hedge relative to the the risk profile of your underlying exposure. To achieve this, people hedge dynamically. In wallstreetbets terms, this means that as the value of your position changes, you need to change your hedges too. The idea is to efficiently and continuously distribute and rebalance risk across different states and periods, taking value from states in which the marginal cost of the hedge is low and putting it back into states where marginal cost of the hedge is high, until the shadow value of your underlying exposure is equalized across your positions. The punchline, I guess, is that one static position is a hedge in the same way that the finger paintings you make for your wife's boyfriend are art - it's technically correct, but you're only playing yourself by believing it.
Anyway. Obviously doing this as a small potatoes trader is hard but it's worth taking into account. Enough basic shit. So how does this work in markets?
2. A Hedging Taxonomy
The best place to start here is a practical question. What does a business need to hedge against? Think about the specific risk that an individual business faces. These are legion, so I'm just going to list a few of the key ones that apply to most corporates. (1) You have commodity risk for the shit you buy or the shit you use. (2) You have currency risk for the money you borrow. (3) You have rate risk on the debt you carry. (4) You have offtake risk for the shit you sell. Complicated, right? To help address the many and varied ways that shit can go wrong in a sophisticated market, smart operators like yours truly have devised a whole bundle of different instruments which can help you manage the risk. I might write about some of the more complicated ones in a later post if people are interested (CDO/CLOs, strip/stack hedges and bond swaps with option toggles come to mind) but let's stick to the basics for now.
(i) Swaps
A swap is one of the most common forms of hedge instrument, and they're used by pretty much everyone that can afford them. The language is complicated but the concept isn't, so pay attention and you'll be fine. This is the most important part of this section so it'll be the longest one.
Swaps are derivative contracts with two counterparties (before you ask, you can't trade 'em on an exchange - they're OTC instruments only). They're used to exchange one cash flow for another cash flow of equal expected value; doing this allows you to take speculative positions on certain financial prices or to alter the cash flows of existing assets or liabilities within a business. "Wait, Fuzz; slow down! What do you mean sets of cash flows?". Fear not, little autist. Ol' Fuzz has you covered.
The cash flows I'm talking about are referred to in swap-land as 'legs'. One leg is fixed - a set payment that's the same every time it gets paid - and the other is variable - it fluctuates (typically indexed off the price of the underlying risk that you are speculating on / protecting against). You set it up at the start so that they're notionally equal and the two legs net off; so at open, the swap is a zero NPV instrument. Here's where the fun starts. If the price that you based the variable leg of the swap on changes, the value of the swap will shift; the party on the wrong side of the move ponies up via the variable payment. It's a zero sum game.
I'll give you an example using the most vanilla swap around; an interest rate trade. Here's how it works. You borrow money from a bank, and they charge you a rate of interest. You lock the rate up front, because you're smart like that. But then - quelle surprise! - the rate gets better after you borrow. Now you're bagholding to the tune of, I don't know, 5 bps. Doesn't sound like much but on a billion dollar loan that's a lot of money (a classic example of the kind of 'small, deep hole' that's terrible for profits). Now, if you had a swap contract on the rate before you entered the trade, you're set; if the rate goes down, you get a payment under the swap. If it goes up, whatever payment you're making to the bank is netted off by the fact that you're borrowing at a sub-market rate. Win-win! Or, at least, Lose Less / Lose Less. That's the name of the game in hedging.
There are many different kinds of swaps, some of which are pretty exotic; but they're all different variations on the same theme. If your business has exposure to something which fluctuates in price, you trade swaps to hedge against the fluctuation. The valuation of swaps is also super interesting but I guarantee you that 99% of you won't understand it so I'm not going to try and explain it here although I encourage you to google it if you're interested.
Because they're OTC, none of them are filed publicly. Someeeeeetimes you see an ISDA (dsicussed below) but the confirms themselves (the individual swaps) are not filed. You can usually read about the hedging strategy in a 10-K, though. For what it's worth, most modern credit agreements ban speculative hedging. Top tip: This is occasionally something worth checking in credit agreements when you invest in businesses that are debt issuers - being able to do this increases the risk profile significantly and is particularly important in times of economic volatility (ctrl+f "non-speculative" in the credit agreement to be sure).
(ii) Forwards
A forward is a contract made today for the future delivery of an asset at a pre-agreed price. That's it. "But Fuzzy! That sounds just like a futures contract!". I know. Confusing, right? Just like a futures trade, forwards are generally used in commodity or forex land to protect against price fluctuations. The differences between forwards and futures are small but significant. I'm not going to go into super boring detail because I don't think many of you are commodities traders but it is still an important thing to understand even if you're just an RH jockey, so stick with me.
Just like swaps, forwards are OTC contracts - they're not publicly traded. This is distinct from futures, which are traded on exchanges (see The Ballad Of Big Dick Vick for some more color on this). In a forward, no money changes hands until the maturity date of the contract when delivery and receipt are carried out; price and quantity are locked in from day 1. As you now know having read about BDV, futures are marked to market daily, and normally people close them out with synthetic settlement using an inverse position. They're also liquid, and that makes them easier to unwind or close out in case shit goes sideways.
People use forwards when they absolutely have to get rid of the thing they made (or take delivery of the thing they need). If you're a miner, or a farmer, you use this shit to make sure that at the end of the production cycle, you can get rid of the shit you made (and you won't get fucked by someone taking cash settlement over delivery). If you're a buyer, you use them to guarantee that you'll get whatever the shit is that you'll need at a price agreed in advance. Because they're OTC, you can also exactly tailor them to the requirements of your particular circumstances.
These contracts are incredibly byzantine (and there are even crazier synthetic forwards you can see in money markets for the true degenerate fund managers). In my experience, only Texan oilfield magnates, commodities traders, and the weirdo forex crowd fuck with them. I (i) do not own a 10 gallon hat or a novelty size belt buckle (ii) do not wake up in the middle of the night freaking out about the price of pork fat and (iii) love greenbacks too much to care about other countries' monopoly money, so I don't fuck with them.
(iii) Collars
No, not the kind your wife is encouraging you to wear try out to 'spice things up' in the bedroom during quarantine. Collars are actually the hedging strategy most applicable to WSB. Collars deal with options! Hooray!
To execute a basic collar (also called a wrapper by tea-drinking Brits and people from the Antipodes), you buy an out of the money put while simultaneously writing a covered call on the same equity. The put protects your position against price drops and writing the call produces income that offsets the put premium. Doing this limits your tendies (you can only profit up to the strike price of the call) but also writes down your risk. If you screen large volume trades with a VOL/OI of more than 3 or 4x (and they're not bullshit biotech stocks), you can sometimes see these being constructed in real time as hedge funds protect themselves on their shorts.
(3) All About ISDAs, CDS and Synthetic CDOs
You may have heard about the mythical ISDA. Much like an indenture (discussed in my post on $F), it's a magic legal machine that lets you build swaps via trade confirms with a willing counterparty. They are very complicated legal documents and you need to be a true expert to fuck with them. Fortunately, I am, so I do. They're made of two parts; a Master (which is a form agreement that's always the same) and a Schedule (which amends the Master to include your specific terms). They are also the engine behind just about every major credit crunch of the last 10+ years.
First - a brief explainer. An ISDA is a not in and of itself a hedge - it's an umbrella contract that governs the terms of your swaps, which you use to construct your hedge position. You can trade commodities, forex, rates, whatever, all under the same ISDA.
Let me explain. Remember when we talked about swaps? Right. So. You can trade swaps on just about anything. In the late 90s and early 2000s, people had the smart idea of using other people's debt and or credit ratings as the variable leg of swap documentation. These are called credit default swaps. I was actually starting out at a bank during this time and, I gotta tell you, the only thing I can compare people's enthusiasm for this shit to was that moment in your early teens when you discover jerking off. Except, unlike your bathroom bound shame sessions to Mom's Sears catalogue, every single person you know felt that way too; and they're all doing it at once. It was a fiscal circlejerk of epic proportions, and the financial crisis was the inevitable bukkake finish. WSB autism is absolutely no comparison for the enthusiasm people had during this time for lighting each other's money on fire.
Here's how it works. You pick a company. Any company. Maybe even your own! And then you write a swap. In the swap, you define "Credit Event" with respect to that company's debt as the variable leg . And you write in... whatever you want. A ratings downgrade, default under the docs, failure to meet a leverage ratio or FCCR for a certain testing period... whatever. Now, this started out as a hedge position, just like we discussed above. The purest of intentions, of course. But then people realized - if bad shit happens, you make money. And banks... don't like calling in loans or forcing bankruptcies. Can you smell what the moral hazard is cooking?
Enter synthetic CDOs. CDOs are basically pools of asset backed securities that invest in debt (loans or bonds). They've been around for a minute but they got famous in the 2000s because a shitload of them containing subprime mortgage debt went belly up in 2008. This got a lot of publicity because a lot of sad looking rednecks got foreclosed on and were interviewed on CNBC. "OH!", the people cried. "Look at those big bad bankers buying up subprime loans! They caused this!". Wrong answer, America. The debt wasn't the problem. What a lot of people don't realize is that the real meat of the problem was not in regular way CDOs investing in bundles of shit mortgage debts in synthetic CDOs investing in CDS predicated on that debt. They're synthetic because they don't have a stake in the actual underlying debt; just the instruments riding on the coattails. The reason these are so popular (and remain so) is that smart structured attorneys and bankers like your faithful correspondent realized that an even more profitable and efficient way of building high yield products with limited downside was investing in instruments that profit from failure of debt and in instruments that rely on that debt and then hedging that exposure with other CDS instruments in paired trades, and on and on up the chain. The problem with doing this was that everyone wound up exposed to everybody else's books as a result, and when one went tits up, everybody did. Hence, recession, Basel III, etc. Thanks, Obama.
Heavy investment in CDS can also have a warping effect on the price of debt (something else that happened during the pre-financial crisis years and is starting to happen again now). This happens in three different ways. (1) Investors who previously were long on the debt hedge their position by selling CDS protection on the underlying, putting downward pressure on the debt price. (2) Investors who previously shorted the debt switch to buying CDS protection because the relatively illiquid debt (partic. when its a bond) trades at a discount below par compared to the CDS. The resulting reduction in short selling puts upward pressure on the bond price. (3) The delta in price and actual value of the debt tempts some investors to become NBTs (neg basis traders) who long the debt and purchase CDS protection. If traders can't take leverage, nothing happens to the price of the debt. If basis traders can take leverage (which is nearly always the case because they're holding a hedged position), they can push up or depress the debt price, goosing swap premiums etc. Anyway. Enough technical details.
I could keep going. This is a fascinating topic that is very poorly understood and explained, mainly because the people that caused it all still work on the street and use the same tactics today (it's also terribly taught at business schools because none of the teachers were actually around to see how this played out live). But it relates to the topic of today's lesson, so I thought I'd include it here.
Work depending, I'll be back next week with a covenant breakdown. Most upvoted ticker gets the post.
*EDIT 1\* In a total blowout, $PLAY won. So it's D&B time next week. Post will drop Monday at market open.
submitted by fuzzyblankeet to wallstreetbets [link] [comments]

How to tweak Aeotec 6-in-1 Multisensor

This is a brief description by request to describe customizing the Aeotec 6-in-1 Multisensor from Aeon Labs. Here is the device: https://aeotec.com/z-wave-senso

For some users, the default polling and alert times might not be ideal. These can be changed through HA. I am using the following document, which is the latest to date:

https://s3.amazonaws.com/cdn.freshdesk.com/data/helpdesk/attachments/production/6091430603/original/ES%20-%20Multisensor%206%20V1.13.pdf?X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=AKIAJ2JSYZ7O3I4JO6DA%2F20191015%2Fus-east-1%2Fs3%2Faws4_request&X-Amz-Date=20191015T033902Z&X-Amz-Expires=300&X-Amz-Signature=a7d1336a3b0c179616b0131fc2bc39c9df5e7f53f002a1eea538bbb66eb4dd6d&X-Amz-SignedHeaders=Host&response-content-type=application%2Fpdf

In my use case, I am hard wired for power, so that is not something I really looked at here. But many of these config options will reduce power usage, while keeping high fidelity on the sensors you are concerned about. I mean, the thing has 6 sensors, nobody is using all of them. If you are using all of them, congrats you crazy fool.

But in short, there is a table at the end of the file called Parameter Number Definitions. You can change the behavior of the device by setting those parameters.

In HomeAssistant, you can go to Developer Tools Services.

Choose Service: zwave.set_config_parameter

The JSON will be the Node ID, the parameter number from the doc, and whatever the value you want it to be. For example:

{"node_id":10,"parameter":13,"value":"Status mode"} <- this actually for a HomeSeer WD-200 Dimmer, so don't use this.

{ "node_id": "your node id", "parameter": "4", "value"<0 - 5>" } will set the sensitivity of the motion sensor (0 = minimum sensitivity, 5 = max sensitivity)

There are a lot of things you can configure here. To me, the ones that were most interesting were reporting. By default some things like humidity or luminance, will not report very often. If you detect high luminance 10 minutes after it happens, that might not meet your needs. The idea is to take the sensors you are interested in, and put them in a frequent reporting group. There are 3 reporting groups. For simplicity, you can put everything you want in reporting group 1, and leave everything else to default reporting groups. Then you can increase the frequency of reporting group 1 to get more real time results.

So, to set reporting group 1 for the sensors you want, you need to set parameter 101. This is a bitmask, there is a table in the document, but for example to enable brightness, humidity and temperature, but leave off ultraviolet and battery, you would use the value 224 (11100000 in binary). 129 would be luminence and battery (10000001).

{"node_id":10,"parameter":101,"value":"224"}

After setting 101, which is what sensors are in reporting group 1, you want to set the frequency of reporting group 1. This is done in parameter 111. This is where you will get more detailed data. Maybe your application needs data every 30 seconds, or maybe it needs data every hour. Extending this time, if you are on battery, will likely lengthen your battery time, decreasing it will make the device more responsive.

Setting interval to 10 seconds:

{"node_id":10,"parameter":111,"value":"10"}

This is all off the top of my head, so I expect there to be some mistakes, but I'm just brain dumping in case it is useful for people.
submitted by ShameNap to homeassistant [link] [comments]

MAME 0.207

MAME 0.207

It’s almost the end of February, and more importantly it’s time for MAME 0.207 to be released! We’ve added two Nintendo Game & Watch titles this month: Fire (wide screen) and Snoopy Tennis. If you’re at all interested in plug-and-play TV games, this is going to be a huge update, with all the newly-supported JAKKS Pacific titles, including Disney Princess, Dragon Ball Z, Nicktoons, Spider-Man, and Wheel of Fortune, as well as a number of matching Game-Keys. The other big batch of additions this month comes in the form of a whole lot of e-kara cartridge dumps from Japan. For younger players, we’re steadily filling out the V.Smile software list, with eighteen newly supported titles. The VGM software list has been updated with the latest video game music rips, and we’ve added some more original floppy dumps and clean cracks to the Apple II software lists.
With the latest improvements to the MIPS R4000 CPU, WD33C93 SCSI and SGI Newport graphics emulation, it’s possible to install and run IRIX in MAME. This is a milestone achievement, and wouldn’t have been possible without some amazing dedication and collaboration on the part of the contributors and team members involved. With the addition of graphics and mouse support, Windows 1.0 runs on MAME’s Tandy 2000 emulation. MAME continues to add additional variants of supported systems, including the HP 9825T and the Esselte Modulab educational system.
Newly supported arcade games include an earlier prototype of Rise of the Robots, bootlegs of Ghost Chaser Densei and The Glob, and additional versions of Raiden Fighters 2, Guardian Storm, Pasha Pasha Champ, Lethal Enforcers, and X-Men. General usability improvements include friendlier Apple II disassembly, the restoration of key map support in SDL builds (Linux/macOS), and better initial window positioning on Windows.
You can get the source and Windows binary packages from the download page.

MAMETesters Bugs Fixed

New working machines

New working clones

Machines promoted to working

Clones promoted to working

New machines marked as NOT_WORKING

New clones marked as NOT_WORKING

New working software list additions

Software list items promoted to working

New NOT_WORKING software list additions

Translations added or modified

Source Changes

submitted by cuavas to emulation [link] [comments]

MAME 0.207

MAME 0.207

It’s almost the end of February, and more importantly it’s time for MAME 0.207 to be released! We’ve added two Nintendo Game & Watch titles this month: Fire (wide screen) and Snoopy Tennis. If you’re at all interested in plug-and-play TV games, this is going to be a huge update, with all the newly-supported JAKKS Pacific titles, including Disney Princess, Dragon Ball Z, Nicktoons, Spider-Man, and Wheel of Fortune, as well as a number of matching Game-Keys. The other big batch of additions this month comes in the form of a whole lot of e-kara cartridge dumps from Japan. For younger players, we’re steadily filling out the V.Smile software list, with eighteen newly supported titles. The VGM software list has been updated with the latest video game music rips, and we’ve added some more original floppy dumps and clean cracks to the Apple II software lists.
With the latest improvements to the MIPS R4000 CPU, WD33C93 SCSI and SGI Newport graphics emulation, it’s possible to install and run IRIX in MAME. This is a milestone achievement, and wouldn’t have been possible without some amazing dedication and collaboration on the part of the contributors and team members involved. With the addition of graphics and mouse support, Windows 1.0 runs on MAME’s Tandy 2000 emulation. MAME continues to add additional variants of supported systems, including the HP 9825T and the Esselte Modulab educational system.
Newly supported arcade games include an earlier prototype of Rise of the Robots, bootlegs of Ghost Chaser Densei and The Glob, and additional versions of Raiden Fighters 2, Guardian Storm, Pasha Pasha Champ, Lethal Enforcers, and X-Men. General usability improvements include friendlier Apple II disassembly, the restoration of key map support in SDL builds (Linux/macOS), and better initial window positioning on Windows.
You can get the source and Windows binary packages from the download page.

MAMETesters Bugs Fixed

New working machines

New working clones

Machines promoted to working

Clones promoted to working

New machines marked as NOT_WORKING

New clones marked as NOT_WORKING

New working software list additions

Software list items promoted to working

New NOT_WORKING software list additions

Translations added or modified

Source Changes

submitted by cuavas to MAME [link] [comments]

BJP Government Performance Analysis: Administration & Governance

This is my 2nd article in the series of articles which analyse the work of Modi government starting from 2014 till present date. This one is about administration and governance. Unlike the first one on defence, it is not that binary and there are quite a few gray areas and is subject to opinions as much it is to facts. For example, I like how NGOs have been brought under tougher checks and a lot of such organisations have been forced to shut shop. But quite a few people view it as unfair.
BJP Government Performance Analysis: Defence Issues Blog Link
Reddit Link
Additionally, there is an overlap between governance issues and various others like economy, foreign policy etc. In this article, focus will will be on the work done or changes in way of working of central government ministries and departments. Some of these will be mentioned in next article which will be about economy issues.
1. Steps for leaner, responsive and more efficient government.
This is the most obvious, yet hardest things to do for any regime. All the decisions made by the politically elected government are implemented by officials who usually see multiple such governments come and go through their service. It is next to impossible to fire or even penalise them for even gross incompetence. Any reform in their way of working is extremely hard and takes years of sustained effort. Political and ideological differences even among ministers also play their part. Then there are politicians who have a mutually beneficial nexus with such officials even when they are out of power. Some of the first steps taken by Modi regime was to break this nexus and it seems to have succeeded partially. But there is still a long way to go.
GOOD
  1. Officials working for central government have been forced to work much harder, so much so that many now view these prestigious jobs as punishment postings. Many non-performing officers have been disciplined and even sacked, a first. 1* 2* 29* 68* 112* 118* 132*
  2. Even serving ministers have been forced to adopt austerity measures. Some examples are no new vehicles, reduced travel expenses 1113 71* 125*
  3. Influence of foreign interests, corporates and their lobbyists has been severely curtailed. Many “powerful” people who had a lot of influence in various ministries and govt departments now don’t have insider knowledge or influence over decision making. 26* 63* 75*
  4. Many politicians squatting on government properties have been forced to vacate them. List of more than 1500 such squatters includes many former ministers, MLAs, MPs and many so called artists, inetellectuals who have been staying in govt allotted properties long after their time was over. Even BJP run state governments have evacuated have evacuated former CMs and MLAs. 61* 65* 104* 108* 109* 113*
  5. Business of paid for postings and transfers in many central govt departments has been severely curtailed. 7* 105*
  6. Many useless posts have been abolished and major departments downsized and streamlined. Often posts like this were used to accommodate officials in high paying post-retirement postings.4* 117*
  7. There is much greater communication between government and people. Many ministers and even PM office interact with common citizens on Twitter among other platforms. 124* 119*
  8. Options opened for direct entry of domain experts in to government departments. 133* 134* 135*
  9. Various measures taken to improve business climate like curtailment of harassment by various inspectors, passing of bankruptcy law, steps to improve ease of doing business among many others. It resulted in India making a record jump in ease of doing business index in 2017 and broke in to top 100 for first time. 3* 10* 12* 23* 46* 59* 66* 72* 154* 155* 156* 158* 159* 160*
  10. A very large number of old, archaic laws removed. Latest one under consideration (July 2018) in Supreme Court is article 377, removal of which will lead to decriminalisation of homo-sexuality. 1159 such redundant laws removed in just 2 years. 42* 163* 164* 165*
BAD
  1. Attempts to clean up bureaucracy and red tape need more will. In 4 years, there have not been many deep reforms in functioning of most govt departments, as far as corruption and delays are concerned. Then there have been some seemingly counter-productive measures like the one which makes it harder to investigate a govt servant.
  2. For most part, BJP ruled states have not shown enough initiative and willingness for reforms as was expected of them.
SCORE: 6.5/10
2.Corruption and black money.
Before anyone starts “where are my 15 lakh which Modi promised”, kindly watch this video. https://www.youtube.com/watch?v=UOa04NN1M_Q
Recovering black money was one of the major poll promises of BJP and they have made fairly good progress on some fronts while it lacks on others.. As it happened, cleanups also unearthed huge scams in bank loans in which UPA regime gave away loans to numerous people who never meant to pay those back. This has proven to be one of the biggest scams in history and many big industrialists and UPA politicians including former Finance Minister Chidambaram have been implicated. Many of them have ran away from India to escape persecution. Apart from that, even after their best efforts, all the opposition parties and their followers have been unable to find a single corruption charge against Modi regime till date.
Demonetisation, however controversial it may be, has enabled recovery of untaxed income worth thousands of crores which would have never happened except for drastic measure like this. Implementation of GST was not perfect, but it has led to streamlined taxation process with reduced leakage, This link contains list of some income tax raids done immediately after demonetisation. https://docs.google.com/spreadsheets/d/e/2PACX-1vRovmVA_9x7NoyJHFLFZ7pA1Mi7gUYB6_OuGHgQA0pFLc9qQ1xTGMClqpGrudmZJ7YrBcg1n-VguZBi/pubhtml?gid=1658058173&single=true
GOOD
  1. Huge scam in banking sector in which loans worth thousands of crores were given away without proper checks under influence of UPA ministers unearthed. Number of industrialists, bank officials and politicians are implicated. Many of these industrialists are being forced to give back that money. Legal actions being taken against others, some of which have fled India and some politicians and their associates. Banks starting to show gains after sustained recovery efforts. 120* 131* 136* 137* 138* 139* 140* 141* 158*
  2. Many politicians jailed or under investigation for various corruption issues including former CMs and central ministers. 130* 142* 143* 144* 149* 150*
  3. Many dubious NGOs, many of which have shady backgrounds have been forced to shut shop or forced to reduce their operations. Among the benign ones, many of such organisations were front for money laundering and payment of lackeys. Others were foreign sponsored fronts for mass scale conversions of Indics, anti-India propaganda and terrorism. 5* 9* 21* 91* 115* 126* 127* 145*
  4. A large quantity of black money from foreign bank accounts successfully recovered. Treaties signed with Switzerland (among other countries) under which Swiss will share details of Indians owning bank accounts in Swiss banks. 103* 122* 128* 129* 146* 148*
  5. Large increase in number of people paying income tax after rules like Aadhar verification, demonetisation, GST. Huge amounts of money recovered in income tax raids. Properties of gangsters targeted. Lakhs of shell companies closed down. 101* 121* 123* 128* 129* 147* 151* 152* 153* 161*
  6. Stronger laws passed against corruption and tax evasion. Top level corruption reduces significantly. 33* 75* 93* 101* 102*
BAD
  1. Modi regime perhaps underestimated how difficult the recovery of black money from foreign accounts will be. Although a huge sum of money has been recovered, the whole process will take a lot longer and most likely will fall short of hype during election campaign.
  2. A number of bank loan defaulters managed to evade authorities and escape to foreign countries. If they had been arrested earlier, then loan recovery would have been a lot more easier and faster.
  3. Implementation of GST was not up to par. Numerous issues still exist which will take atleast a few months to be sorted out.
  4. Although I personally support demonetisation, it was not as well planned as it should have been. Very large number of people faced inconveniences for quite long time due to shortage of currency. Strangely, number of currency notes in circulation has reached back previous levels.
  5. Even if corruption at top levels has been reduced, grassroot corruption still seems to be as bad as it was earlier. Problem of citizens dealing directly with govt departments have not eased much.
SCORE: 6.5/10
The actual score would have been a 6. Extra half point is due to clean image of almost every minister and no scams yet. Opposition parties have tried their best to make up scams like the one for Rafale planes, but their attempts have been laughably stupid.
3. Programs for citizens.
Energy savings with new policies https://economictimes.indiatimes.com/industry/energy/powehow-modi-governments-led-programme-hopes-to-emerge-as-a-win-win-from-consumer-point-of-view/articleshow/52592189.cms Reforms in electricity
This regime seems to have better reach out programs for general public which are meant to make their lives and interaction with government machinery easier and fruitful. In addition to big steps like Jan Dhan bank accounts, Mudra Yojna, free LPG for poor, there have been number of measures implemented to make government departments more responsive and approachable. Some of these points have overlap with economy and infrastructure issues, but they are mentioned here because they affect lives of citizens directly. and profoundly.. Some of these will be explained in detail in later posts.
GOOD
  1. Red tape cut across various government departments. Steps like digital locker, self-attestation of documents and a few others meant to reduce paperwork, unnecessary delays and corruption implemented. 47* 62* 66* 67* 72* 107*
  2. Jan Dhan Yojna brings banking to the poorest and enables direct transfer of funds for subsidies and other welfare programs. This is one of the best measures in quite a long time meant for direct benefit of the poor. Reduces delays and corruption. 167* 168* 169* 170* 171* 172* 173* 175*
  3. Passport issue and re-issue process made much easier and faster. 110* 166*
  4. More platforms for feedback about government departments and policies created. Emphasis on transparency in governance and grievance redressal mechanisms. 79* 124* 116* 119*
  5. Steps taken to solve some employee issues related to Provident Fund, pensions and others. Lot more reforms still needed. 6* 18*
  6. Swachh Bharat Mission despite problems is showing some results. 85% of population now has access to toilets, compared to around 40% at start of program. According to WHO, 3 lakhs deaths caused by diarrhea were averted between 2014 and 2019. A lot of public places like railway stations are much cleaner. 175 * 176* 177* 178* 179*
  7. Ujwala Yojana, a scheme meant to eradicate use of polluting fuels like wood, coal, dung for cooking proves to be a good success. 5 crore new connections allotted ahead of target. 180* 181* 182* 183*
  8. While many countries struggle with it, India implements strong net neutrality rules. 184* 185*
  9. Multiple steps taken to improve conditions for farmers. Extra impetus on reducing malnutrition and increasing availability of nutritional food to citizens through various schemes. 186, 187, 188, 189 205* 206*
  10. Excellent work so far by power ministry bringing even the remotest places in India on electricity grid. A number of villages which had remained outside the grid now have electricity. Additionally, electricity production and distribution is much better. India has a power surplus and is 3rd largest electricity producer in world. Most of issues still remaining are more often than not due to inefficient and corrupt state electricity corporations. Cheap LED bulbs help in reducing power consumption. 190, 191 192* 193* 194* 195* 196* 197* 198* 199* 200* 201* 202*
  11. Much needed push for solar power with huge new solar power plants coming up. 203* 204*
  12. Pace of road construction across the country has picked up substantially and it has been the highest till now. Many remote regions have new connectivity and existing highways in most regions have been upgraded, 207* to 232* 26 \
BAD
  1. Inspite of all the schemes and subsidies, Indian agricultural sector suffers from various issues which will need a lot more work and better implementations. There has been no obvious solution of issues arising due to small size of land holdings, mimimum support prices and bureaucratic red tape.
  2. Swach Bharat mission has been partially successful at best.
  3. Implementation of digital measures meant to reduce red tape have had limited effect till now. Many people and govt departments remain unaware and disinterested in these changes.
SCORE: 7/10
If it was just the intention of projects mentioned here, this would be a full 10. But meaningful implementation of many of these projects is hampered by numerous factors like inefficient, corrupt bureaucracy, infinitely stupid and large population as well as mediocre planning. Some of these projects are longterm and the effects will be visible only after a certain amount of time.
FINAL SCORE: 6.6/10
If compared with UPA regime, this one is miles ahead in almost everything. But this is not a good enough standard to improve upon. There have been some good efforts from top, but on ground implementation has been good in only a few. Some of the long standing issues like reforms in bureaucracy, agriculture and a few other fields which will take more than just good intent and announcement of schemes.
LINKS:
  1. Fear of Narendra Modi makes babus finalize plans in 24 hours http://timesofindia.indiatimes.com/india/Fear-of-Narendra-Modi-makes-babus-finalize-plans-in-24-hours/articleshow/36367492.cms
  2. Working a 6-day week? No problem! Bureaucrats are loving Modi’s iron-fist http://www.firstbiz.com/corporate/working-6-day-week-problem-bureaucrats-loving-modis-iron-fist-87549.html
  3. Investments to get push as Modi govt takes green clearances online http://timesofindia.indiatimes.com/india/Narendra-Modi-to-MPs-Ask-SC-to-fast-track-your-cases/articleshow/36405187.cms
  4. PM Narendra Modi scraps 4 Cabinet Committees, including one on UIDAI http://articles.economictimes.indiatimes.com/2014-06-11/news/50478696_1_cabinet-panels-prime-minister-narendra-modi-cabinet-secretariat
  5. Modi govt puts NGOs under scan following IB warning http://www.hindustantimes.com/india-news/modi-govt-puts-ngos-under-intense-scan-following-ib-warning/article1-1228881.aspx
  6. Employees to get pension payment order on retirement day: Govt http://www.indiatvnews.com/news/india/pension-payment-order-jitendra-singh-37989.html
  7. National acc wiil be-appointing authority for top officers http://www.jagran.com/news/national-acc-wiil-be-appointing-authority-for-top-officers-11391267.html?src=p1
  8. Rajnath singh reviews citizens database scheme http://www.lensonnews.com/lensonnews/1/59/62099/1/rajnath-singh-reviews-citizens-database-scheme.html
  9. Centre cracks the whip on NGOs, direct foreign funding put on hold http://zeenews.india.com/news/nation/centre-cracks-the-whip-on-ngos-direct-foreign-funding-put-on-hold_940813.html
  10. Government clears investment hurdles, gives go ahead to seven projects worth Rs 21,000 crore http://economictimes.indiatimes.com/news/economy/infrastructure/government-clears-investment-hurdles-gives-go-ahead-to-seven-projects-worth-rs-21000-crore/articleshow/36847309.cms
  11. Narendra Modi cracks the whip on ministers’ foreign travels http://www.financialexpress.com/news/narendra-modi-cracks-the-whip-on-ministers-foreign-travels/1262585
  12. Forest ministry greenlights faster, simpler clearances; defence, roads get priority http://www.financialexpress.com/news/forest-ministry-greenlights-faster-simpler-clearances-defence-roads-get-priority/1262507
  13. Modi austerity drive, no new cars for ministers, PMO to monitor spending http://ibnlive.in.com/news/modi-austerity-drive-no-new-cars-for-ministers-pmo-to-monitor-spending/481828-37-64.html
  14. 3 satellite cities being planned for re-settlement of Kashmiri Pandits http://daily.bhaskar.com/news/NAT-TOP-3-satellites-cities-being-planned-for-re-settlement-of-kashmiri-pandits-4656258-NOR.html
  15. Thirty days in office, Narendra Modi-led NDA working to keep promises http://www.financialexpress.com/news/thirty-days-in-office-narendra-modiled-nda-working-to-keep-promises/1264309
  16. Narendra Modi government to club three social security schemes http://economictimes.indiatimes.com/news/economy/policy/narendra-modi-government-to-club-three-social-security-schemes/articleshow/37285706.cms
  17. Rajnath Singh sets a 3-yr deadline for NPR rollout, link to voter ID likely http://indianexpress.com/article/india/politics/3-yr-deadline-for-npr-rollout-link-to-voter-id-likely/
  18. Register online, get provident fund code within hours http://economictimes.indiatimes.com/wealth/savings-centre/savings-news/register-online-get-provident-fund-code-within-hours/articleshow/37555385.cms
  19. 660 Nirbhaya Centres for women violence victims http://news.rediff.com/commentary/2014/jul/03/660-nirbhaya-centres-for-women-violence-victims/647b60d7f8c4149a28b9d8ccfafa18c9
  20. Passport delivery to become hassle-free, no police verification in case of renewal http://timesofindia.indiatimes.com/city/mumbai/Passport-delivery-to-become-hassle-free-no-police-verification-in-case-of-renewal/articleshow/37724655.cms
  21. ‘No relevance’, Centre asks UN mission to vacate Delhi office http://indianexpress.com/article/india/india-others/no-relevance-centre-asks-un-mission-to-vacate-delhi-office/
  22. New advisory to end ‘inspector raj’ http://timesofindia.indiatimes.com/india/New-advisory-to-end-inspector-raj/articleshow/38036699.cms
  23. Centre to shield businesses from dreaded ‘inspector raj’ with new system http://www.financialexpress.com/news/centre-to-shield-businesses-from-dreaded-inspector-raj-with-new-system/1270288
  24. Railways’ ‘silent killers’: Now, trains won’t stop at ‘MP stops’ http://www.financialexpress.com/news/trains-now-won-t-stop-at-mp-stops/1270285
  25. Managing of PM Relief Fund to be modelled on Gujarat scheme http://indianexpress.com/article/india/india-others/managing-of-pm-relief-fund-to-be-modelled-on-gujarat-scheme/
  26. Fear and foreboding in South Block http://www.openthemagazine.com/article/nation/fear-and-foreboding-in-south-block
  27. Government proposes changes in BIS to ensure product quality, withdrawal of substandard goods http://economictimes.indiatimes.com/news/economy/policy/government-proposes-changes-in-bis-to-ensure-product-quality-withdrawal-of-substandard-goods/articleshow/38826859.cms
  28. Narendra Modi government’s small reforms with big impact http://economictimes.indiatimes.com/news/economy/policy/narendra-modi-governments-small-reforms-with-big-impact/articleshow/38885465.cms
  29. For the first time in the history, IAS officers sacked in disproportionate assets case http://www.indiatvnews.com/news/india/arvind-joshi-ias-officer-sacked-in-disproportionate-assets-case–39518.html
  30. Centre clears revised norms for new airport bids in record time http://timesofindia.indiatimes.com/city/mumbai/Centre-clears-revised-norms-for-new-airport-bids-in-record-time/articleshow/38881132.cms
  31. PM launches unique web platform to get citizens’ ideas for governance http://timesofindia.indiatimes.com/india/PM-launches-unique-web-platform-to-get-citizens-ideas-for-governance/articleshow/39041211.cms
  32. Govt dissolves Khadi commission http://www.thehindubusinessline.com/news/govt-dissolves-khadi-commission/article6254888.ece
  33. Narendra Modi government asks ‘Babus’ to declare assets on or before September 15 http://www.indiatvnews.com/news/india/govt-asks-babus-to-declare-assets-by-september-15–39747.html
  34. Army Happy With ‘Quick’ Govt http://www.newindianexpress.com/thesundaystandard/Army-Happy-With-‘Quick’-Govt/2014/07/27/article2350296.ece
  35. Modi Cabinet clears labour reform Bills http://www.business-standard.com/article/economy-policy/modi-cabinet-clears-labour-reform-bills-114073100236_1.html
  36. How Achche Din dawned for Std XI and XII students in Baramulla http://www.rediff.com/news/special/special-how-achche-din-dawned-for-std-xi-and-xii-students-in-baramulla/20140731.htm
  37. Madhya Pradesh govt rehabs Bangla non-Muslims http://timesofindia.indiatimes.com/India/Madhya-Pradesh-govt-rehabs-Bangla-non-Muslims/articleshow/39326264.cms
  38. Winds of change: Productivity of Lok Sabha climbs to 103% http://timesofindia.indiatimes.com/india/Winds-of-change-Productivity-of-Lok-Sabha-climbs-to-103/articleshow/39440615.cms
  39. Government tells states to build detention centers for illegal Bangladeshis http://www.dnaindia.com/india/report-government-tells-states-to-build-detention-centers-for-illegal-bangladeshis-2007991
  40. Cabinet clears amendments to Juvenile Justice Act paving way for harsher punishment http://timesofindia.indiatimes.com/india/Cabinet-clears-amendments-to-Juvenile-Justice-Act-paving-way-for-harsher-punishment/articleshow/39767899.cms
  41. Cabinet approves bill for judicial appointment body http://timesofindia.indiatimes.com/india/Cabinet-approves-bill-for-judicial-appointment-body/articleshow/39773831.cms
  42. Administration Govt prepares bill to repeal 36 archaic laws http://news.oneindia.in/india/govt-prepares-bill-to-repeal-36-archaic-laws-1499231.html Administration
  43. 13 reasons to cheer Modi sarkar’s first Parliament session http://www.rediff.com/news/report/reasons-to-cheer-modi-sarkar-first-parliament-session/20140814.htm
  44. 10 things that the Modi government is doing right http://www.rediff.com/news/special/10-things-that-the-modi-government-is-doing-right/20140813.htm
  45. Budget session productivity hits a high of 104% http://timesofindia.indiatimes.com/india/Budget-session-productivity-hits-a-high-of-104/articleshow/40296076.cms
  46. Bid to improve investment climate http://www.telegraphindia.com/1140817/jsp/business/story_18728366.jsp#.U_AUcWOwT5c
  47. Marriage registrations to go online from next month http://timesofindia.indiatimes.com/city/delhi/Marriage-registrations-to-go-online-from-next-month/articleshow/40319783.cms
  48. New norms soon for PSU bank directors; CMD post to be split http://timesofindia.indiatimes.com/business/india-business/New-norms-soon-for-PSU-bank-directors-CMD-post-to-be-split/articleshow/40353924.cms
  49. National Investigation Agency ropes in Indian Statistical Institute for study on fake currency notes http://articles.economictimes.indiatimes.com/2014-08-17/news/52901475_1_ficn-fake-currency-notes-currency-cell
  50. 1 lakh per school to cover 10,000 schools. http://www.tcs.com/news_events/press_releases/Pages/TCS-PM-Clean-India-Initiative.aspx
  51. INDIA MODI-fied: Volume-3; The First Propulsion http://www.indianotes.com/uploads/article_pdf/2014/MotilalOswal_Modified_19August_2014.pdf
  52. IRCTC to soon offer cash on delivery for rail tickets http://firstbiz.firstpost.com/economy/wow-irctc-to-soon-offer-cash-on-delivery-for-rail-tickets-94452.html
  53. 100-day delivery: Modi ready with infra report card http://m.moneycontrol.com/news/economy/100-day-delivery-modi-readyinfra-report-card_1164101.html
  54. PM Modi sets up committee to identify ‘obsolete’ laws Manifesto http://indiatoday.intoday.in/story/narendra-modi-sets-up-committee-to-identify-obsolete-laws/1/379398.html Administration
  55. .भारत (.Bharat) top-level domain launched http://ibnlive.in.com/news/-bharat-toplevel-domain-launched/494798-11.html
  56. PM Modi’s big plan: Get education, medical & birth records online in a digital locker http://articles.economictimes.indiatimes.com/2014-08-29/news/53362935_1_prime-minister-narendra-modi-suggestions-government-offices
  57. Buoyed by PM Modi’s election win, economy set to clock highest growth in 2 years http://articles.economictimes.indiatimes.com/2014-08-29/news/53362744_1_pm-modi-low-growth-gdp
  58. 100 DAYS – A report card http://i.imgur.com/kByr5OK.jpg
  59. Job creation to inspector raj, government did its work http://indianexpress.com/article/india/india-others/job-creation-to-inspector-raj-government-did-its-work/
  60. Right and Radical The understated revolution of Prime Minister Narendra Modi http://www.openthemagazine.com/article/nation/right-and-radical
  61. Modi gets Lutyens’ bungalows vacated in three months http://www.hindustantimes.com/india-news/modi-gets-lutyens-bungalows-vacated-in-three-months/article1-1261088.aspx
  62. Soon, single RTO visit will be sufficient http://timesofindia.indiatimes.com/india/Soon-single-RTO-visit-will-be-sufficient/articleshow/41909687.cms Modi effect?
  63. Favouritism in govt decisions down, India improves global rank Modi effect? https://timesofindia.indiatimes.com/india/Favouritism-in-govt-decisions-down-India-improves-global-rank/articleshow/41935552.cms
  64. Jammu and Kashmir floods: Narendra Modi deploys successful Google app to find people http://www.dnaindia.com/india/report-jammu-and-kashmir-floods-narendra-modi-deploys-successful-google-app-to-find-people-2017385
  65. Power, water supplies snapped in houses of Ajit Singh, Azharuddin http://www.daijiworld.com/news/news_disp.asp?n_id=263134
  66. Modi government promotes self attestation of documents http://articles.economictimes.indiatimes.com/2014-08-02/news/52356466_1_affidavits-pm-narendra-modi-pmo
  67. Non-essential drugs: NPPA withdraws price control order http://www.thehindu.com/business/Industry/nonessential-drugs-nppa-withdraws-price-control-ordearticle6439154.ece
  68. Attendance.gov.in: Modi government launches website to track attendance of government employees http://articles.economictimes.indiatimes.com/2014-10-07/news/54735540_1_biometric-attendance-system-government-employees-attendance-records
  69. Center launches Air Quality Index http://economictimes.indiatimes.com/news/politics-and-nation/centre-launches-index-to-measure-air-quality/articleshow/44866324.cms
  70. Narendra Modi government takes RTI to another level: All replies to be put online http://economictimes.indiatimes.com/news/politics-and-nation/narendra-modi-government-takes-rti-to-another-level-all-replies-to-be-put-online/articleshow/44898219.cms
  71. Modi government cancels golf memberships for bureaucrats http://www.deccanchronicle.com/150129/nation-current-affairs/article/modi-government-cancels-golf-memberships-bureaucrats
  72. Narendra Modi Cabinet to cut paper trail, go Kindle http://www.financialexpress.com/article/economy/narendra-modi-cabinet-to-cut-paper-trail-go-kindle/43358/
  73. What triggered the crackdown http://timesofindia.indiatimes.com/india/TOI-exclusive-on-corporate-espionage-What-triggered-the-crackdown/articleshow/46318191.cms
  74. When an “Aam Aadmi” exposed Journalist Mihir S Sharma http://www.opindia.com/2015/02/when-an-aam-aadmi-exposed-journalist-mihir-s-sharma/
  75. Top-level corruption’s down in Modi govt, fingers crossed: India Inc http://timesofindia.indiatimes.com/india/Top-level-corruptions-down-in-Modi-govt-fingers-crossed-India-Inc/articleshow/46328407.cms
  76. Indian Railways launches country’s first customer complaint mobile app (IT) http://indiatoday.intoday.in/story/railways-launches-indias-first-customer-complaint-mobile-app/1/421909.html
  77. Mispricing exports, imports may land you in jail for 7 years http://timesofindia.indiatimes.com/business/india-business/Mispricing-exports-imports-may-land-you-in-jail-for-7-years/articleshow/46465386.cms
  78. Operation Smile: Rajnath Singh’s push helps recover 2500 missing children http://economictimes.indiatimes.com/articleshow/46598821.cms
  79. PM launches multi-purpose and multi-modal platform PRAGATI (Pro-Active Governance And Timely Implementation) http://pib.nic.in/newsite/erelease.aspx?relid=117702
  80. Cabinet Committee on Economic Affairs approves innovative mechanism for utilization of stranded gas based generation capacity http://pib.nic.in/newsite/erelease.aspx?relid=117698
  81. Formation of SPV to provide efficient rail evacuation systems to Major Ports http://pib.nic.in/newsite/erelease.aspx?relid=117694
  82. Modi led NDA govt bypasses bid route, PGCIL to develop 20K MW green corridor http://www.financialexpress.com/article/economy/narendra-modi-led-nda-govt-bypasses-bid-route-pgcil-to-develop-20k-mw-green-corrido57520/?
  83. Reclaim your inoperative EPFO a/c money http://www.business-standard.com/article/pf/reclaim-your-inoperative-epfo-a-c-money-115032600231_1.html
  84. Judicial reform proposals: Litigations to end in 3 to 5 years, summons to be sent by email http://articles.economictimes.indiatimes.com/2015-01-08/news/57838245_1_top-judges-high-courts-chief-justices-conference
  85. In Big Relief for Farmers, PM Modi Announces More Compensation for Crop Damage http://www.ndtv.com/india-news/in-big-relief-for-farmers-pm-modi-announces-more-compensation-for-crop-damage-753168?site=full
  86. Home Ministry freezes all 7 bank accounts of Greenpeace India http://ibnlive.in.com/news/home-ministry-freezes-all-7-bank-accounts-of-greenpeace-india/538849-3.html
  87. LPG cash transfer plan takes commercial cylinder sales up http://articles.economictimes.indiatimes.com/2015-04-13/news/61102830_1_lpg-cylinders-auto-lpg-dbtl
  88. PM Modi launches PRAGATI platform for redressal of grievances (DNA) http://www.dnaindia.com/india/report-pm-modi-launches-pragati-platform-for-redressal-of-grievances-2071960
  89. Ford Foundation put under MHA watch list in “national interest and security” of India http://articles.economictimes.indiatimes.com/2015-04-24/news/61493635_1_home-ministry-ford-foundation-watch-list
  90. NaMo’s healing touch to Farmers – Direct Deposit of Relief to Jan Dhan Accounts http://www.niticentral.com/2015/04/22/compensate-farmers-jan-dhan-yojana-accounts-310605.html
  91. Govt cancels licences of 8,975 NGOs for failing to file annual returns http://timesofindia.indiatimes.com/india/Govt-cancels-licences-of-8975-NGOs-for-failing-to-file-annual-returns/articleshow/47075077.cms?
  92. Bharat Mala: PM Narendra Modi’s planned Rs 14,000 crore road from Gujarat to Mizoram (ET) http://articles.economictimes.indiatimes.com/2015-04-29/news/61652753_1_crore-road-road-connectivity-road-network
  93. Cabinet clears stronger anti-corruption Act http://www.thehindu.com/news/national/cabinet-clears-amendments-to-anticorruption-act/article7154111.ece?homepage=true
  94. Prime Minister to Launch Pradhan Mantri Suraksha Bima Yojana (PMSBY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) AND The Atal Pension Yojana (APY) on 9th May 2015 at Kolkata http://pib.nic.in/newsite/PrintRelease.aspx?relid=120041
  95. Narendra Modi government eases incorporation of business, process to take just 1 form starting today http://economictimes.indiatimes.com/articleshow/47116318.cms
  96. Forest fund gets Rs 38,000 crore boost http://economictimes.indiatimes.com/news/environment/flora-fauna/forest-fund-gets-rs-38000-crore-boost/articleshow/47102196.cms
  97. India is in a much better place after one year of Modi rule http://blogs.economictimes.indiatimes.com/Myth-n-Reality/india-is-in-a-much-better-place-after-one-year-of-modi-rule/
  98. One Year Later, India In Better Shape Under Modi http://www.forbes.com/sites/kenrapoza/2015/05/03/one-year-later-india-in-better-shape-under-modi/
  99. One year of Modi government: A look at what does India Inc think http://economictimes.indiatimes.com/news/politics-and-nation/one-year-of-modi-government-a-look-at-what-does-india-inc-think/articleshow/47155459.cms
  100. Entire Machinery of Indian Railways Geared up for Implementation Work http://www.orissadiary.com/CurrentNews.asp?id=59098
  101. Govt goes after D-gang properties, to approach agencies abroad http://timesofindia.indiatimes.com/india/Govt-goes-after-D-gang-properties-to-approach-agencies-abroad/articleshow/47335585.cms
  102. Black Money Bill with more teeth gets Rajya Sabha approval http://www.thehindubusinessline.com/economy/black-money-bill-with-more-teeth-gets-rajya-sabha-approval/article7202317.ece
  103. Switzerland begins naming Indians, foreigners being probed at home for tax evasion http://www.hindustantimes.com/business-news/swiss-begins-naming-indians-others-being-probed-at-home/article1-1351161.aspx
  104. Narendra Modi government booted out 460 leaders from Lutyens bungalows http://www.abplive.in/india/2015/06/06/article610140.ece/Narendra-Modi-government-Lutyens-bungalows-Venkaiah-Naidu-nda-government
  105. How the PM dismantled the transfer-posting industry http://www.dailyo.in/politics/modi1-narendra-modi-bureaucracy-ias-pk-mishra-upa-pmo-indian-railways-suresh-prabhu/story/1/4186.html
  106. Meet India’s chief human resources officer http://www.rediff.com/getahead/report/specials-meet-indias-chief-human-resources-office20150611.htm
  107. Live paperless; keep sensitive data, documents safe in DigiLocker http://economictimes.indiatimes.com/wealth/savings-centre/analysis/live-paperless-keep-sensitive-data-documents-safe-in-digilockearticleshow/47609731.cms
  108. With 1500 squatters kicked out from Lutyens bungalows, it might explain why its always Modi vs All http://www.opindia.com/2018/02/with-1500-squatters-kicked-out-from-lutyens-bungalows-it-might-explain-why-its-always-modi-vs-all/ 109 Govt pushes squatters out of Lutyens Bungalow Zone, only 4 left https://www.hindustantimes.com/india-news/govt-pushes-squatters-out-of-lutyens-bungalow-zone-only-4-left/story-JrSIsyfhmkeHK1YVgKQMMM.html
  109. Police verification no longer required for reissue of passports: Govt http://indianexpress.com/article/india/india-others/police-verification-no-longer-required-for-reissue-of-passports-govt/
  110. Govt’s ultimatum to road developers: Perform or perish http://www.financialexpress.com/article/india-news/govts-ultimatum-to-road-developers-perform-or-perish/181570/
  111. 2,200 corrupt govt officials identified in 2015, CBI says http://timesofindia.indiatimes.com/india/2200-corrupt-govt-officials-identified-in-2015-CBI-says/articleshow/51032131.cms
  112. Narendra Modi government evicts record number of illegal occupants from Lutyens Delhi http://economictimes.indiatimes.com/news/politics-and-nation/narendra-modi-government-evicts-record-number-of-illegal-occupants-from-lutyens-delhi/articleshow/51329453.cms
  113. Parrikar finds $3 bn lying forgotten in US account http://www.business-standard.com/article/economy-policy/parrikar-finds-3-bn-lying-forgotten-in-us-account-116030500049_1.html
  114. India denies visas to US religious freedom body http://economictimes.indiatimes.com/news/politics-and-nation/india-denies-visas-to-us-religious-freedom-body/articleshow/51248712.cms
  115. FCI goes online, links 30 godowns in 1st phase http://economictimes.indiatimes.com/articleshow/51443357.cms
  116. Big reform: Modi government plans to redeploy bureaucrats and reduce patronage postings http://economictimes.indiatimes.com/news/politics-and-nation/big-reform-modi-government-plans-to-redeploy-bureaucrats-and-reduce-patronage-postings/articleshow/51504060.cms
  117. 15 customs and central excise personnel fired: Sacking signals crackdown on laggards http://economictimes.indiatimes.com/articleshow/51676177.cms
  118. Modi government makes 8 lakh calls in 10 days to check success of four big schemes http://economictimes.indiatimes.com/articleshow/51691671.cms
  119. The biggest ever fire sale of Indian corporate assets has begun, to tide over bad loans crisis http://www.thehindu.com/business/Industry/the-biggestever-fire-sale-of-indian-corporate-assets-has-begun-to-tide-over-bad-loans-crisis/article8573163.ece?homepage=true
  120. Blackmoney: Govt unearths indirect tax evasion of Rs 50,000 crore in two years http://indianexpress.com/article/business/economy/blackmoney-govt-unearths-indirect-tax-evasion-of-rs-50000-crore-in-two-years-2793085/
  121. The Mauritius Loophole: The Story Of Its Origin And How India Finally Managed To Shut It http://swarajyamag.com/economy/the-mauritius-loophole-the-story-of-its-origin-and-how-india-finally-managed-to-shut-it Infrastructure
  122. Rs. 43,000 Crore In Black Money Recovered In 2 Years: Revenue Secretary http://www.ndtv.com/india-news/rs-43-000-crore-in-black-money-recovered-in-2-years-revenue-secretary-1427078
  123. Why PM Modi called this Tripura IAS officer at 10pm http://timesofindia.indiatimes.com/india/Why-PM-Modi-called-this-Tripura-IAS-officer-at-10pm/articleshow/53908586.cms
  124. PM Narendra Modi’s Cleanliness Drive Frees Up Space For 50 In His Office http://www.ndtv.com/india-news/pm-modis-cleanliness-drive-in-his-office-frees-up-space-for-50-people-1287549?pfrom=home-lateststories
  125. Ford Foundation-govt stand-off ends as NGO agrees to come under Fema http://timesofindia.indiatimes.com/india/Ford-Foundation-govt-stand-off-ends-as-NGO-agrees-to-come-under-Fema/articleshow/48092013.cms?from=mdr
  126. Home Ministry freezes all 7 bank accounts of Greenpeace India http://ibnlive.in.com/news/home-ministry-freezes-all-7-bank-accounts-of-greenpeace-india/538849-3.html
  127. Govt to net Rs 10,000 crore from Swiss bank accounts by March-end: SIT http://m.timesofindia.com/india/Govt-to-net-Rs-10k-cr-by-March-end-from-Swiss-account-holders-SIT/articleshow/46180794.cms
  128. Swiss banks up black money vigil as India threatens criminal action http://economictimes.indiatimes.com/articleshow/46812758.cms
  129. CBI raids P Chidambaram and son Karti’s residence in Chennai; Congress calls it political vendetta by BJP http://www.dnaindia.com/india/report-cbi-raids-former-union-minister-p-chidambaram-s-residence-in-chennai-2439731
  130. Banking scam has UPA era roots http://www.sundayguardianlive.com/news/12894-banking-scam-has-upa-era-roots
  131. Modi Govt @ 4: How the Dread of Deadlines Revamped Sarkaari Offices https://www.news18.com/news/india/modi-govt-4-how-the-dread-of-deadlines-revamped-sarkaari-offices-1760253.html
  132. Private Sector Professionals Can Be Bureaucrats, 10 Senior Posts Open https://www.ndtv.com/india-news/lateral-entry-to-bureaucracy-a-reality-with-openings-in-10-ministries-1865251
  133. Alternative to IAS? Modi govt opens lateral entry for professionals as Joint Secretaries; details here https://www.financialexpress.com/jobs/alternative-to-ias-modi-govt-opens-lateral-entry-for-professionals-as-joint-secretaries-details-here/1200499/
  134. Lateral Entry: Landmark step by Modi govt to equip bureaucracy for challenges and opportunities http://www.opindia.com/2018/06/lateral-entry-landmark-step-by-modi-govt-to-equip-bureaucracy-for-challenges-and-opportunities/
Rest of link in comments. Reddit is changing the numbering pattern in links on comments on it's own. Original post : http://jjamwal.in/yayavabjp-government-performance-analysis-administration-governance/
submitted by dark-ritual to IndiaSpeaks [link] [comments]

Verge Currency Beginner's Guide

Verge Currency Beginner's Guide
A short Background
2008 was the worst financial crisis the world had experience since the great depression. The efforts of banks worldwide were not enough to prevent its occurrence. Shortly after, someone by the name of Satoshi Nakamoto offered an alternative solution. A digital currency that removes the need for a central bank. His proposal written in the Bitcoin white paper, is summarized below:
  • A secure, decentralized network.
  • A system with economic properties.
  • No need for banks or rule makers.
  • Instant transactions without a need of a third party or government approval.
  • Bringing financial services to the unbanked 2.5 billion people.
  • Total financial freedom. No one can freeze your accounts.
  • Low transaction costs. No ridiculously high transaction fees.
  • A currency with finite amount where no one can print money whenever they want.
Bitcoin
In 2009, when Satoshi Nakamoto launched Bitcoin, the network consisted of computers (in crypto terms, these are called Nodes) to approve transactions, movements of data along the chain. This allows for everyone willing to become a participant, creating a decentralized global network. Allowing for a decentralized currency, free of the control of politicians, or institutions.
The rules can only be changed if 51% of the network agrees on it. This way the network is completely democratized and resistant to hacking attacks.
Unlike today’s financial institutions, no one can freeze your account or prevent you sending money. You are the only person who truly holds your wealth.
It is an open source project. Anyone can see the code and offer or discuss changes with the community. On the other hand, anyone participating to the network with computational power gets incentives or pay, with a fractional amount of BTC.
Blockchain
The core of a secure decentralized network like Bitcoin, lies the Blockchain technology. To put it simply, the blockchain is like a series of Lego, connected to each other by linking information, called transactions. These transactions contain the following data sender, receiver and the unique signature of the sender.
The data will be converted into “hash” before being saved into a block. The bitcoin hash is generated using a set of cryptographic functions called sha256. This way the information is encrypted, is compressed and saved in the block.
Additionally, each block in the chain, contains the information from the block before it. This ensures that if someone tries to maliciously modify information in a block, all the block following this attempt will be changed, making it easier to spot.
Each block includes the information from the previous block. If someone wants to maliciously change the information in one block that change the complete result of all following blocks.
In this type of network there is only one blockchain, and all the information is kept in a public ledger which is shared amongst all the participating networks. For the blockchain to be valid, more than 50% of the participants (nodes and their computational power) must agree with it.
Bitcoin Today (2018)
Until today many, many, events have happened. The network has grown massively. The underlying code is improved in many ways. There are more and more developers and investors that have entered the cryptocurrency space.
Currently there are proposed changes being developed to the Bitcoin network that will make bitcoin rival the centralized networks of today (Visa, Mastercard), while significantly lowering the cost of these transaction.
Many alternative cryptocurrencies have been created along the way, improving some of the aspects of the bitcoin and focusing on certain applications, in the crypto-space, we call them altcoins.
WHY VERGE
The way that Bitcoin function, has severe flaws with regards to privacy:
  • Public Ledger: The transaction information is public, meaning, that transactions can be linked to a person.
  • IP Leakage: A persistent and motivated attacker will be able to associate your IP address with your bitcoin transaction.
Due to the above reasons, it was clear that there would be a need for a privacy coin. Different coins were then created that had this problem in mind. They were ‘too private’ in the sense that they completely by-passed the public ledger. The public ledger allows merchant to provide proof of transactions, which is important for bookkeeping.
Enter Verge Currency, formerly Dogecoindark; which offers transaction on the ledger, both public and private. Allowing the user to choose if the transactions are public or private.
VERGE CURRENCY
2014 saw the birth of Dogecoin Dark; in 2016, it was rebranded to Verge Currency.
Verge improves upon the original Bitcoin blockchain and aims to fulfill its initial purpose of providing individuals and businesses with a fast, efficient and decentralized way of making direct transactions while maintaining your privacy.
What is the Verge Currency Mission?
Verge Currency aims to empower people around the globe using blockchain in everyday life and makes it possible for people to engage in transactions quickly, efficiently and privately. With Verge, business and individuals now have flexible options for sending and receiving payments.
Verge Currency also offer helpful integrations and tools that enable them to handle large scale transactions between merchants and small-scale private payments.
Is Verge Currency a private company and how is it funded?
Following in the spirit of Bitcoin, Verge is an open-source software, and a community. It is not a company, never had an ICO. The development is entirely funded by the community and the developers. Currently Verge is looking into setting up an official Verge merchandise store, and an Official Verge mining pool, for multiple algorithms.
Tech
General technical capabilities of XVG blockchain:
Protocol PoW (Proof of Work)
Algorithms Scrypt, X17, Lyra2rev2, myr-groestl and blake2s
Max Coin Supply 16.5 billion XVG
Circulation Supply 15.2 billion XVG
Minable yes
Atomic Swaps Enabled
Tx (Transaction) Speed 5-10 Seconds
Tps (Transactions per sec.) 100 (Will be ~2000 with RSK)
Tx Fee 0.1 XVG
Privacy Options:
Tor + I2P Networks fully obfuscated IP address / User's Location is hidden
Stealth Addresses It enables users to anonymously receive funds to their wallet. Therefore third parties are no longer able to track receivers addresses, nor are they able to combine official wallet addresses with their stealth addresses.
RING CT Under development
See our blackpaper V5.0 for detailed information.
Development Updates
Marketing Updates

Wallets
Mining

Community
Verge is a community-driven project. The community is the pillar of Verge, from the past to the future, the community built Verge. The community or Vergefam connects everyone from around the world, regardless of cultural background. The common vision is to provide everyone access to financial freedom, and the choice of privacy while transacting.
Below you can find the Verge Telegram communities from around the world;
Official Telegram
🇧🇷 🇵🇹 Brasil/Portugal/
🇨🇦 Canada
🇳🇴 🇸🇪 🇩🇰 Norway/Sweden/Denmark
🇩🇪 🇦🇹 🇨🇭 🇱🇮 Germany/Austria/Switzerland/Liechtenstein
🇵🇹 Portugal
🇪🇸 Spain
🇱🇺 Netherlands
🇹🇷 Turkey
🇫🇷 France
Balkan
🇵🇾 Croatia
🇦🇱 🇽🇰 Albania/Kosovo
🇷🇴 Romania
🇭🇺 Hungary
🇷🇺 Russia
🇮🇳 India
🇲🇾 Malaysia
🇯🇵 Japan
🇰🇷 Korea
🇨🇳 China
🇿🇦 South Africa
🔌Wallet Support
🖥️ Mining support
Mass Adoption
Low fees, quick transactions, high volume in circulation, multiplatform support, Wraith protocol are the ingredients that make Verge perfectly positioned for mass adoption. Transact on the public ledger for everyday purchases or stay private if you wish so.
Getting Started
You can find the matching instructions as below:
See the following useful links:

Official Links
Vergecurrency.com
Verge Team
Roadmap
FAQ
Github
Block Explorer 1
Block Explorer 2
Network Status
Telegram
Twitter
Facebook
Discord
Youtube
Medium
Investfeed
Verge Zendesk
VergeFora
Last Edit: Latest development update links are added to the Tech section.
submitted by Desolatorbtc to vergecurrency [link] [comments]

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