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Cryptocurrencies akin to Ponzi schemes, says RBI Deputy Governor

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Cryptocurrencies akin to Ponzi schemes, says RBI Deputy Governor

The deputy governor of the Reserve Bank of India (RBI) said on Monday that cryptocurrencies are akin to a Ponzi scheme or worse, and that banning them is the smartest option for India.

“We also saw that cryptocurrencies cannot be defined as currencies, assets or commodities; they have no underlying cash flow and no intrinsic value; they are similar to Ponzi schemes, and possibly worse,” Rabbi Sankar said in his speech Say.

“All these factors lead to the conclusion that banning cryptocurrencies may be the wisest option for India to open up.”

Last week, Reserve Bank of India Governor Shaktikanta Das also issued a stark warning about investing in cryptocurrencies, saying they lack even the underlying value of tulips — a reference to the speculative bubble that gripped the Netherlands in the 17th century.

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10 best activities hacks for the better lifestyle for Business Managers.

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10 best activities hacks for the better lifestyle for Business Managers.

Business managers, known for their dynamic and demanding roles, are now adopting innovative activity hacks to improve their lifestyle and well-being. Recognizing the importance of work-life balance and personal wellness, these leaders are implementing a range of activities to foster physical health, mental clarity, and overall satisfaction in their professional and personal lives.

Mindfulness at Work lifestyle

Business managers are incorporating mindfulness practices, such as meditation and deep breathing exercises, into their daily routines to reduce stress and increase focus in high-pressure situations.

Regular Exercise Breaks

Amid tight schedules, managers are embracing short exercise breaks, such as brisk walks or stretching exercises, to stay active throughout the day and boost their energy levels.

Nutrition and Healthy Eating

Prioritizing their well-being, managers are adopting healthier eating habits, including nutritious snacks and well-balanced meals, to sustain their energy during demanding workdays.

Time Management Workshops

Business managers are attending time management workshops to enhance their organizational skills, enabling them to efficiently juggle multiple responsibilities and achieve better work-life integration.

Skill Development Seminars

Recognizing the value of continual growth, managers are attending skill development seminars to stay updated on industry trends and enhance their leadership abilities.

Flexible Work Arrangements

Some forward-thinking companies are offering flexible work arrangements to business managers, providing the freedom to create a more harmonious work-life balance.

Social Engagement

Building a sense of camaraderie, managers are engaging in team-building activities and networking events to foster positive relationships within their professional circles.

Unplugging from Technology: In a digital era, managers are prioritizing personal time by unplugging from technology during non-working hours, allowing for genuine relaxation and recharging.

Pursuing Hobbies and Interests

Managers are rediscovering their passions outside of work, be it painting, gardening, or playing a musical instrument, to unwind and find fulfillment beyond their professional roles.

Encouraging Employee Wellness

Some managers are also promoting wellness initiatives within their teams, encouraging their employees to embrace similar activity hacks and lead healthier lives.

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