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The Chinese Economy is Being Seriously Affected by Covid 19

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The Chinese economy is being seriously affected by Covid 19

About the Chinese economy -Though China’s draconian coronavirus (covid 19) control measures were apparently successful, the economies of the world have also experienced extreme pain.

The Chinese economy today (16 March) announced a host of economic data much worse than predicted from analysts, the production of GDP figures for the first quarter is projected to be terrible.

All in all, the evidence suggests that the second world economy has experienced its first quarterly GDP decrease since 1989, when the nation started publishing data equivalent to the present one.

The country’s decrease was 20.5% (Chinese connect) in retail sales in the same timeframe a year before January and February, in retail sales in the same timeframe a year before January and February.

This is even worse than the typical 4% decline predicted according to Bloomberg’s analysts, and an increase of 0.8 per cent forecast by Reuters ‘ analyst.

The office publishes retail sales on a monthly basis but combines them in January and February when the Lunar New Year festivals are skewing estimates, this falls over the time and typically leads to a massive consumption leap.

There was no such stimulus this year.

The holiday that took place in January last week, China was followed by mandatory quarantines for millions of citizens and block going up, movie theatres, dining out, and enjoying other things.

This has now officially killed over 6,500 people and infected over 169,000 people around the world.

“In late January, this virus started to affect consumption.

Retail sales stopped almost in February.

Many types of retail products were affected enormously by the outbreak, apart from daily necessities and food”.

In addition to everyday needs and food, the epidemic has significantly impacted other types of retail goods.” Terry Hong, Chinese Brokerage Analyst GuotaiJunan, told Quartz.

He anticipates retail sales will also fall by March and a “major impact” of the virus is expected for the first half of the year.

The most popular restaurants in China were 43.1% of sales over the two months.

General sales of goods have fallen by 17.6%. Internet sales were down by 3 per cent, perhaps marginally helped by the demand of a quarantined population.

Whereas now in Europe and also in the United States the virus affects the economic operation, the slowdown of demand in other countries would likely have more impacts on China’s economy.

The GDP data for the first quarter is after a month from now.

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5 EASY TIPS TO CRACK ANY INTERVIEW

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Nowadays, getting a dream job is not an easy task as there is a lot of competition out there, and you just have made all your effort if you want to live your dreams. Hard work and dedication are the two major attributes for job seekers however, only these two are not sufficient to get the desired success. You need to have the perfect performance in your job interview. In research, it is said that if you want to master the art of cracking any job interview, you must understand and apply below important tips to be successful in an interview.

  • Practice

One thing that you should always remember is that practice is the only thing that can make you more confident. Before giving an interview for the best jobs in Dubai, practice how to answer some of the tricky interview questions that could be asked in an interview round. On the internet, you can find hundreds of model interview questions, try to practice answering them repetitively.

  • Be Prepared

 To excel in an interview, you should do a lot of preparations. You cannot excel in an interview if you are unprepared. The result of the interview process purely depends on the level of preparation you have made. When you will do a lot of preparation, you will feel more confident.

  • Be Punctual

For an interview, you always have to be punctual. It is very important that you reach the place before the stated time. This will develop a good impression on the employers. If you are late, the interviewers will get a bad impression about you and may reject you immediately. So, you have to be before the time at the venue of the interview.

  • Be Confident

Before and during the interview you have to be confident and try to stay relaxed. Try to calm yourself and you will see that the confidence will certainly grow within you. With this, you will be in a good position to handle any interview questions asked to you. In a confident position, you will be able to think and answer it more clearly.

  • Body Language

You must also be mindful of your body gestures in the interview process. Do not shiver, touch your hair or play with your fingers as these signs lack of confidence. You should maintain a positive and professional body gesture such as try to make good eye contact, sit is straight posture. Maintaining a good body gesture will definitely increase your chances of cracking the interview. Also, don’t forget to put a smile during the interview process. This creates a positive impression on the interviewer.

While searching for the new jobs in Dubai, you should also look for the material to be an expert in your domain area, before the interview. Read relevant weblogs, magazines, and newspapers too. You can also subscribe to relevant internet feeds to get the latest information about your industry. Remember that in an interview, you are essentially selling yourself. So, read the above tips before attending any interview, and this knowledge will enhance your chances of getting the job.

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How a company can get an IEC 61482 Certificate

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61482-header

What is the IEC 61482 certificate?

For fixing non-arc-resistant control equipment or electrical sockets or, for example, while working on equipment high-voltage, employees are asked to wear arc protective clothing while exposed to an electrical arc. The protective clothing that is good enough to withstand multiple specific tests is certified under IEC 61482 certificate.

This norm is intended to protect the workers against thermal hazards. This is a procedure for the safety of employees employed in an electric industry from thermal hazards. The norm refers to work in areas at risk of electric arcs. While operating directly with transformers, cables, electric boxes or domestic booths, the potential for arc energy is 240 kJ to 500 kJ or greater.

Design requirements by IEC 61482

In order not to be in direct touch with the skin of the wearer, all-metal components, such as buttons, zips, etc., have to be protected on or inside the garments of the wearer, so that these components can not come into direct contact with the skin of the wearer. The wearer must not be burned or melted, and the risk of burning with buttons, zips or other accessories does not increase. After an electric arch, the clothing must be opened and the interior of the clothing must be fully intact, without any pieces being melted or burned. Long sleeves should be on top of the body. Two-piece wear needs a minimum layer of 20 cm from the jacket to the pants for all work activities. Clothing goods shall consist of materials that are fire retardant. The material must not be reduced or ignited and must not exceed 5%.

To receive it, all the specifications should be met under IEC 61482.

Open arc test of IEC 61482

Test Method 1: This test defines flame retardant arc rates (ATPV or EBT50, respectively). All ATPV and EBT tests are carried out in the same open-test. The first result is recorded arc score in cal / cm2. The material is initially opened when the materials have a higher thermal insulation value than the arc heat power. If not, then the contents will be charred before it opens. The lowest is the one for clothing labeling. There is none better than the other. EBT is essentially stronger than isolated and ATP is less insulated than solid.

Generally, the EBT ensures the wearer’s clothes are more comfortable and knitted, but not less secure. You can never decide the healthy clothing you wear based on the ATPV or the EBT clothe ranking. Those are considered to be more partners in collaboration. ATPV is a thermal energy incident for a material that provides a likelihood of causes of the second degree in cal / cm2 in the Stoll Curve arc due to the appropriate thermal transfer. Greater the value, stronger the defense.

The Break open energy threshold is incident energy in a substance that offers a probability of breaking open by 50 percent. The open break has a total surface area of 1,6 cm2. The higher the interest, the more security it offers.

Research on single or multiple layers of material can be performed in both ATPV and EBT. By measuring multiple layers, you get a higher value than if the material is tested individually. This is due to the insulation and health effects of the air trapped within the fabrics.

What is IEC 61482 -1-1?

This the method used in the United States. Using this check method the ATPV or EBT50 value is calculated. The ATPV value is the value (cal / cm2) which predicts that 50 percent of the second brush is shielded. Greater the profit, the greater the protection and the greater the security. A minimum ATPV value of 8 is needed in the United States for personnel exposed to hazards in the electric arc. The label displays ATPV.

The “box” method is employed in Europe. A piece of fabric is exposed to an electric arc generated by a 4kA (Class 1) or 7kA (class 2) electrical arc. The sample transmission of heat shall be measured during and after the test. The sample conveys heat numbers. Based on the resulting data and the STOLL curve, the time needed to start the second-degree burns is then set. In Europe this is used for evaluating “box” (the analysis type is contrasted with 50354). This is also measured after flame, cavity formation, melting, etc. A full jacket must be tested including fabric samples.

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How‌ ‌Robotic‌ ‌Process‌ ‌Automation‌ ‌Helps‌ ‌in‌ ‌Banking‌ ‌ &‌ ‌Finance

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How‌ ‌Robotic‌ ‌Process‌ ‌Automation‌ ‌Helps‌ ‌in‌ ‌Banking‌ ‌ &‌ ‌Finance

Introduction

In the fast-paced world where every second makes value, the banking and finance sector is one that is highly dependent on manpower to meet its daily tasks. The tasks not only are time-consuming and repetitive but also require accuracy. Even a minor mistake in accounting can do blunders which may adversely affect the institution. It is then when the banking & finance sector felt the need for reforms that is the introduction of robotic process automation to minimize the time consumed as well as to increase accuracy in order to make the whole process efficient. Not only it increases efficiency but also, it does eliminate the need of expanding the infrastructure hence making the process cost-effective.

Positive impacts of robotic process automation

Since the time when robots have started replacing manual work, it’s been a relief in a way that humans are now able to explore other aspects of business and also the efficiency of doing work has raised considerably. There are multiple positive effects by which robotic process automation has impacted the banking and finance industry. 

  • Robots are to mimick human actions hence providing relief to humans from doing a task repetitively and instead letting them focus on revenue generation.
  • The interference of bots performing tasks has reduced the room for errors as machines can do repetitive tasks for a long time without fatigue.
  • It has enhanced security by as well as made the process faster by offering the customers to serve themselves for various tasks.
  • RPA has been working in a direction to streamline the workflow.
  • Time-saving: The introduction of robotic process automation has significantly reduced the amount of time consumed in completing the banking tasks.

Banking and finance by the robotic process automation

One can witness multiple tasks carried by the next-gen technology that is the RPA these days in the field of banking and finance.

    • KYC: The manual process of doing KYC can be replaced with the help of RPA which also will result in minimizing human errors.
    • Fraud prevention: Using RPA technology that performs algorithms for validating customer’s credentials can be an effective measure for fraud detection and prevention.
    • Mortgage Processing: RPA can simplify the process by assisting on multiple stages of mortgage processing hence making the loan disbursals easier and faster. 

 

  • Account Closure: The technology can also be beneficial in the account closure process by collating all such requests and delivering updates about the documentation required and account closure status.

 

  • Fetching data from multiple systems: The indulgence of bots in the banking and finance industry can also assist by collating the data fetched by the source system which is initially updated by an employee and updating it on the other networks connected to it.
  • Robotic process automation is an effective measure in addressing customer grievances on a real-time basis and re
  • directing it to the support staff only if required.

Conclusion

The world has witnessed a growth in machine-human interaction in the past decade and the same can be seen in the banking sector as well. The robotic process automation has not only reduced the burden of humans by performing time-consuming tasks but also have increased the accuracy and hence the productivity. By introducing robotic process automation in its system, banking institutions and bankers can get the most out of its infrastructure, assets, and employees.

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