The central bank said the currency chests should have CBL of Rs 1,000 crore, subject to ground realities and reasonable restrictions, at the discretion of the Reserve Bank. As per the RBI's annual report of 2017-18, the currency management infrastructure consists of a network of 19 issue offices of the Reserve Bank, 3,975 currency chest and 3,654 small coin depots of commercial, co-operative and regional rural banks spread across the country.
"Area of the strong room/ vault of at least 1,500 sq ft. For those situated in hilly/ inaccessible places, the strong room/ vault area of at least 600 sq ft," the RBI said while specifying minimum standards for setting up new currency chests. Besides, the new chests should have a processing capacity of 6.6 lakh pieces of banknotes per day.
For those situated in the hilly/ inaccessible places, the capacity of 2.1 lakh pieces of banknotes per day. Earlier, RBI appointed committee had recommended that the apex bank should encourage banks to open large currency chests with modern facilities and Chest Balance Limit (CBL) of at least Rs 1,000 crore.
Boeing has admitted that a key sensor malfunctioned on two of its 737 Max 8 planes which crashed, killing all on board in separate incidents. It came after preliminary findings from an investigation into a deadly crash in Ethiopia last month drew the strongest link yet between that incident and an October crash off the coast of Indonesia.
Both aircraft had an automated system that pushed down the nose when sensor readings detected the danger of an aerodynamic stall. A preliminary report on Thursday, based on flight data and cockpit voice recorders on the Ethiopian Airlines jet which crashed, showed the faulty sensor sparked a series of events that caused the pilots to lose control of the plane. All 157 who were on board died.
Researchers at Deakin University in Australia showed habitual smartphone use and entertainment use -- to relax, escape and pass time -- were the best predictors of lower wellbeing.
The survey of over 500 students found problematic smartphone use was associated with feelings of negative emotions, lack of control, a reduced sense of purpose in life, and the ability to resist social pressure.
"There's a constant stream of news and entertainment in our life now, and if that content is not necessarily positive it might be contributing to technological overload or techno-exhaustion," said lead researcher Sharon Horwood from Deakin's School of Psychology.
"While there has been some analysis of smartphone use and subjective wellbeing, this study goes into much greater depth," Horwood said in a statement. Past research has examined wellbeing in terms of life satisfaction and whether people tend to experience more positive emotions than negative emotions.
"This research offers a more complete picture of what makes the 'good life' including positive social relationships, a sense of personal growth, autonomy, and having a sense of control over one's life," Horwood said.
"While we found that smartphone use is unrelated to people's overall life satisfaction, it is associated with mood and these broader indicators of human flourishing," she said. "Wellbeing is about feeling satisfied with your life, managing day-to-day activities, and positive relationships. We found that problematic smartphone use impacts all those things," he said.
Horwood said there are four main areas of wellbeing which negatively related to problematic smartphone use. These included how much control people felt they had over their use, whether smartphone use interferes with a person's day-to-day life, whether the phone gets in the way of positive relationships with others, and whether smartphone use was a panacea for boredom and lack of personal growth.
"The question is, does using your smartphone in a problematic way lower wellbeing, or is someone whose wellbeing is low for other reasons more likely to turn to their smartphone for comfort, distraction, or perhaps escapism?" she said.
However, Horwood said it was important to note her study showed smartphone use was not all bad.
"For what we term 'communication use' -- calls and text messages -- we found a slight positive association with wellbeing," she said. "So using phones to facilitate a direct connection with people seems to be good, as opposed to passively looking at what people are doing on social media," said Horwood.
The next step in Horwood's research is to drill down into the impact of smartphone use on children's social and emotional wellbeing, as well as their family relationships.
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