RNI. NO: KAR ENG/2014/54753
Bengaluru February 9 - 15, 2018
Horn Not OK Please
Vol: 5 No: 5 Pages: 8 ` 3
Crowning of Smt Samskruthi
he usual site of a line of vehicles with Technology Professionals and students entering electronic city gave way to 50 volunteers from Young Indians CII motivating drivers to say Horn Not OK Please with mimes and placards on Feb 6. Unnecessary Horn Use is a significant contributor to sound pollution in our cities. Bangalore today has the second highest vehicle population and ranks among the top 10 cities in India for sound pollution.Ms. Rama N S, CEO, Electronics City Industrial Township Authority (ELCITA) shared, “We have continuously organised programmes to improve road safety and now look forward to partner Bangalore Traffic Police and Young Indians CII and other stakeholders to make Electronic City Area a Horn Not OK Zone. We will now seek the support of various corporates in Electronic City to carry forward this campaign.” “Horn Not Ok Please was a campaign Young Indians launched in 2006. Since then we have looked at various activities across the Airport, Koramangala and Indira Nagar. This is our first endeavour to look at an area becoming a Horn Not OK Zone. Over 750 drivers responded to our campaign today and took the pledge to not use their horn unnecessarily. We are sure that with time we would be able to reduce Horn Use to only emergencies in the Electronic City Area.”, Shared Dr Kaushik Murali, Chair Young Indians CII Bangalore and President Sankara Eye Hospitals, India. Go forth and take a pledge on www.hnop.in to honk responsibly. The horn is there for a purpose and use it only to alert another car or pedestrian about to hit you, or to alert a car at a traffic signal. It is not be used to express anger or for fun. “Most citizens consider honking inevitable, it is to the contrary. Recently as part of Horn Not OK Please, Young Indian chapter members undertook the Mute Drive Challenge, wherein they were able to drive cumulatively 11000 kilometres across Bangalore over 2 weeks without the use of the horn”, shared Laeeq Ali CoChair Young Indians Bangalore and Co-founder Origami Creatives.
FKCA celebrates 21st Federation Day
CITY KEMP NEWS
ederation of Konkani Catholic Associations celebrated its 21st Federation Day on Sunday at Good Shepherd Auditorium, Museum Road, Bengaluru. The pro-
gramme began with the Konkani drama “Yours Obediently” by Arun Raj and team from Mangaluru. The award ceremony commenced at 6.30 pm. Justice P Vishwanatha Shetty, Lokayukta of Karnataka, was the chief 5
The members applauded with all their might as the Smt. Samskruthi, Crown and Title winners Smitha Hegde -1st, Nethrawathi 2nd Gunavathi and Mythri -3rd received their crowns .
Bengaluru, February 9 - 15, 2018
Samskruthi turns 18
CITY KEMP NEWS
rd of February was a very special day for Samskruthi as SLA turned 18! Hence was the Annual Day celebration with a difference! Instead of the members cultural performance, there was a Karaoke by "Blue Tantra", a group that is run by passionate music lovers. Samskruthi is joining hands with them to reach out to Karunashraya, a hospice for the ailing. On the evening of the Annual Day, the Hall got filled with vibrant members, stage set with table tucked by lacy cloth, beautifully wrapped presents on one side, bright banner, smart and sleek podium and what not? Camera man tirelessly clicking through, not to miss any important moment. SLA has a beautiful understanding where the Executive Committee, with the Committee plan and execute that is completely supported and cherished by the members.
Programme started as per schedule with Gayathri Madan as MC,with Supriya's invocation and President Vasumathi Srinath heartily welcomed everyone. Two outgoing , deserving toppers Jayanthi and Priya of St. Franciscan Institute High School were given scholarship and it was a proud moment for Sr. Diana, the Principal. It was time for the prize winners. They were recognised, acknowledged and rewarded. The members applauded with all their might as the Smt. Samskruthi, Crown and Title winners Smitha Hegde -1st, Nethrawathi 2nd Gunavathi and Mythri -3rd received their crowns . Secretary Malini Khandige gave an impressive PowerPoint presentation. Treasurer Sudha Rao gave an appropriate vote of thanks. Blue Tantra group took over the stage and filled the evening with music. Happy Birthday SLA! Wishes for achieving greater heights and hearts!
Discourse on Bhagavad Geetha from Feb 19 - 25
ujya Br.Sujay Chaitanya disciple of Pujya Swami Chinmayananda is a highly evolved Swamiji. He has been conducting yagnas all over the country and enlightening people. He is very popular with the spiritual sadhaks of Koramangala having conducted many yagnas on various topics which have always been well attended. He will be conducting a discourse on Chapter 4 -
Renunciation of Action at Chinmaya Vidyalaya, 15th Main, 4th Block, Koramangala, from 6.30pm to 8pm in the evening, from 19th to 25th Feb.'18 Bhagavad Geetha gives essence of Upanishads in an easily understandable style. It is a practical guide to live with peace, divine peace of mind. It is a treat to listen to him and be enlightened.
Bengaluru, February 9 - 15, 2018
Dressed in red: Spoorthi celebrates Valentine’s Day
CITY KEMP NEWS
ebruary month is most likely to one and all as its shortest month with more fun and celebration. Yes, its true ......Spoorthi Mahila Sangha celebrated Valentine’s Day with its fabulous members dressed all in red. All were bored from competition, so was very keen in having fun with anthyakshari, bumper thambola. Members spoke about annual day, there feelings, happiness and their experience with Spoorthi. Early bird winner was also declared.
Congratulations to all winners. Upcoming is the cooking competition on account of Women’s Day celebration.
YWCA holds Food Mela
WCA had arranged a Food Mela on 3rd February 2018.Yummy food stalls were kept to enrich the taste buds with muffins, chocolates, dry masala powders, samples and much more. they had bumper thambola, raffle draw held. Annies beauty salon had presented skin care, makeup, hair style and few tips to follow. Followed by Fashion Show by the members of Spoorthy Mahila Sangha for the theme"Sarees of India" .YWCA thanks every one for their support in making the event successful.
Bengaluru, February 9 - 15, 2018
National Immunisation Day
GNANA DEEPIKA 123/B 16 A main Road, 4th Block Koramangala, Bangalore 560034
Offers Private Coaching in Science, Mathematics, Computer Science & Sanskrit
For Grades 8 to 10 ( ICSC, CBSC & State Syllabus ) Please contact:
Deepa, M.Tech, Vivek, MCA, Mob: 9481492149 Mob: 9663384093 Land Line: 25525331 We instill fundamentals right so that the students are successful ever after
For translation of official correspondence letters, Deeds and Documents from Kannada to English and vice versa
On 28th January 2018, for the National Immunisation Day, four Health Centres were allotted to Rotary Club of Bangalore Koramangala and immunisation was done as under: Shanthi Nagar Dispensary 4337 Audugodi Health Centre 7310 Audugodi Dispensary 3500 Koramangala Rajendra Nagar Dispensary 4288 In the above 4 centers a total of 19435 children were immunised. The Rotarians were at the Centre by 7.30 am and helped in the transport of Volunteers to the Immunisation booths attached to the Health Centres. 500 breakfast and 500 lunch boxes were distributed to the Volunteers by RCBK.
Nadasurabhi Silver Jubilee Celebrations
RANDOM THOUGHTS GENESIS verything comes from something. Anything must
have “POTENTIAL EXISTENCE” , then only it can emerge as something. All the organic compounds in our world come from four elements: carbon, hydrogen, oxygen, and nitrogen. Do not ask me “HOW THESE FOUR ELEMENTS CAME INTO BEING?”, because I DO NOT KNOW, nor our scientific forefathers & fathers too. The origins of life & the universe are still a mystery. What was there before LIFE & the UNIVERSE is still anybody’s guess. Umpteen possible explanations are there but to no use. What was there before the BIG BANG? What caused the big bang & how? None can be deemed to satisfy the scientific community. From these FOUR simple elements or ingredients have developed the marvelous chains of self-replicating proteins that fill the planets with jungles, gardens, farms, the swarming life of sea, and nearly SEVEN billion people. Each of us contain all human possibilities within ourselves. Nothing that we do comes from nowhere; we all have the capacity for goodness as well as great selfishness and blindness. The, choice at every moment, is ours. WHAT WILL WE USE OUT OF OUR FORMIDABLE REPERTOIRE OF RESPONSE? Most of us have a pattern of responses that we are comfortable with. Our habitual behavior saves us from the discomfort of always having to make a choice. But in exchange for comfort, we give up a little bit of spontaneity, really a serious matter of concern. Every once in a while, it is good for us to become aware of what our habits are, and what determines our usual behavior. IF NOT WE CAN GET IMMERSED IN THE WELL OF COMFORT, with no possible evolution of the species! - Chandrasekhara, resident of 3rd Block, Koramangala
CITY KEMP NEWS
adasurabhi Cultural Association is organising Youth Festival on Saturday 17th February 2018 at The Indian Heritage Academy Hall, in 6th Block, Koramangala First Concert- Vocal (4.15pm to 5.45 pm) by Vidushi Surabhi Pustakam Vidwan Vaibhav Ramani Violin; Vidwan Anirudh Bhat Mridangam; Vidwan Anil Parashara - Khanjira Surabhi is a highly talented young artist from Mysore. She is a gold medallist in M.A. Music (Carnatic Vocal). She is cuurently learning advanced lessons from Kum.Amrutha Venkatesh. Surabhi is presently working as Faculty, Department of Carnatic Classical Vocal Music at Dr.Gangubai Hangal Music & Performing Arts,University, Mysore. She is accompanied in this concert by talented young artists. Second Concert- Instrumental (6pm to 7.30pm) Vidwans Tejas and Pranav Manjunath -Violin Duet (Boston Brothers) Vidwan Anirudh Bhat-
Mridangam and Vidwan Anil Parashara - Khanjira Tejas and Pranav are young artists who have been learning carnatic music for over a decade, presently under the tutelege of Sangeetha Kalanidhi A.Kanyakumari. They are performing widely in India and abroad. They have won several prestigious awards and titles. Nadasurabhi Silver Jubilee Celebrations Saints Purandaradasa and Thyagaraja Aradhana Celebrations on Sunday, 18th February 2018 at The Indian Heritage Academy Hall, in 6th Block, Koramangala. I. Purandaradasa Aradhana (4.15pm to 5.15 pm) Group rendition of Purandaradasa’s Navarathnamalika kritis. II. Thyagaraja Aradhana (5.30 pm to 6.30 pm) Group rendition of Thyagaraja’s Pancharatna kritis Followed by Prasadam (Light Dinner) Several leading artists of Bangalore would be participating in the aradhana celebrations during this Silver Jubilee Year of Nadasurabhi.
Nadasurabhi request one and all to join us in the grand festivities and pay obeisance to the great saints of Carnatic music. nadasurabhi @ 25 Nadasurabhi has entered its Silver Jubilee year. We shall musically celebrate the entire year till the end of 2018 with various exciting programmes. Their usual February Youth Festival will feature two concerts one vocal and one instrumental. This year, for the first time they are also holding an elaborate Purandaradasa and Thyagaraja Aradhana celebrations. Several leading artists along with young artists and students of carnatic music are participating. The year will see a string of sparkling monthly concerts, lecture-demonstrations, technical lectures and so on. Nadasurabhi wants to thank all the artists who have been supporting us over the years. Also, our gratefulness is to its life members, donors, rasikas, general public, music lovers and members of the press without whose help we could not have traveled this far in this journey. We invite everyone to join us in this year’s joyous celebrations of our Silver Jubilee.
Bengaluru, February 9 - 15, 2018
Republic Day celebration at Chinmaya Vidyalaya
CITY KEMP NEWS
The school ground of Chinmaya Vidyalaya, Koramangala, reverberated with patriotic fervour and enthusiasm on account of the commemoration of the 69th Republic Day Celebrations by the students and staff. Mr. K.S.Bhat, the CEO of the school, was the chief guest.The programme began with the hoisting of the national flag by the C.E.O followed by the National Anthem. The march past by the students of senior school, the school band and the members
of the scout was spectacular. The Principal read out the Preamble to the constitution and everyone present joined her. The Social study department did a commendable job in organizing the programme. The students spoke very beautifully about the sacrifice made by the freedom fighters. The student leaders received certificates of merit from the C.E.O. Mrs Shrabosti Bhattacharyya was the Master of the ceremony while the vote of thanks was proposed by Mrs. Monika. The programme ended with the Shanthi Mantra . Sweets were distributed after the programme.
'BAANDHAVYA-2018' to feature Tulu drama, dance
CITY KEMP NEWS
engaluru: SEZARI, a Konkani association affiliated with the FKCA, is organizing "BAANDHAVYA-2018", a cultural programme to bring together people of Dakshina Kannada settled in Bengaluru. As part of the event, a Tulu drama will be staged by Devadas Kapikad and team followed by a dance performance by Remona Pereira, Mangaluru, at St. Johns Auditorium, Bengaluru, on Sunday, said SEZARI in release.
FKCA celebrates ... 1 guest,
Rev. Dr. Bernard Moras presided over the function. Ivan D'souza Chief Whip, Karnataka Legislative Council, JR Lobo, MLA, Mangaluru South Constituency, and R Sampath Raj, Mayor, Brahut Bengaluru Mahanagara Palike were the guests of honour. FKCA Chairman Dr. Edward Anand D'souza welcomed the gathering and gave a brief on FKCA, which has over 32 Konkani Catholic Associations affiliated to it from Bengaluru, Mysuru, Shivamogga, Chikmagalur, Kuwait, Dubai, Abu Dhabi, Oman, Canada, the USA and the UK. FKCA honoured three eminent personalities from the Konkani community for their meritorious contributions to the society. The awardees are: Paul Moras for Lifetime Achievement Award, Corrine Antoinette Rasquinha for Professional Excellence Award and
The programme will be in aid of children with cancer and critical illness. The organizers aim to contribute to a fund “Child for Life” - in collaboration with the Department of Paediatrics of St. John’s Hospital. SEZARI works for the enrichment of the member families through socio-economic and cultural programmes. SEZARI has been reaching out to people irrespective of their caste, creed or religion. SEZARI’s charitable work includes assistance to underprivileged children for education and medical aid to sick patients in need. Vivek Aranha for Entrepreneur of The Year Award. Speaking on the occasion, JR Lobo said, "Konkani community, which is known for service in the field of education and medicine, has failed to focus on competitive exams and produce bureaucrats,” he said. Mayor of Bengaluru Sampath Raj invited the FKCA to contribute inputs for the upcoming BBMP budget. Justice P Vishwanatha Shetty said the BBMP was working hard in making the city pothole free. "In a given time, the BBMP has rid Bengaluru roads of potholes," he said. Further he said, "More youngsters need to take up civil service exams to make the country corruption-free.” Federation Day celebrations also included cultural programme, dance, music and a Konkani drama. Sunil Coutinho, General Secretary, FKCA, read out the annual report, Clemence Dsilva gave vote of thanks. The programme was compered by Royston Pinto and Dr. Seema Fernandes.
Bengaluru, February 9 - 15, 2018
Aanejari Butterfly Camp: Live in a Forest !
iving in the wild, close to nature deep in the forest has been every adventure seeking person's dream wish. If you are one of those who belongs to this tribe, head to 'Aanejari Butterfly Camp' 300 Kms and a 6 hour drive from Bangalore.Head on the Bangalore Mangalore Highway cross Hassan and the elusiveSakleshpura - the hillstation of Karnataka... climb down the picturesque Charmudi Ghats, take a right turn traversing the road going to the famous Dharmastala Temple, cross a few kilometres and lo... The Aanejari Butterfly Camp welcomes you on the left! A narrow dirt road takes you deep into the western ghats forest. This camp is managed by Jungle Lodges and Resorts, please book ahead on their website www.junglelodges.com - walk-ins are not entertained. The manager's cellphone no is +91 9480887187. The deep wooded nature camp of olive army green fatigue welcomes you, stay accomodation nos are limited. It's a camp of minimum comforts.You are charged per head on a twin-sharing basis. Tent or Cottage. Single occupancy costs 30% more. The charges include, stay - food - forest entry charges taxes - et all... INR 1298 to 1534. Breakfast, Tea, Lunch and Dinner are served at the common dining area. No TVs, Cellphones - no signal, occasionally... except for BSNL connectivity. The Camp is powered by a generator, sparingly used. Lights are Solar powered,no fans or other such simple luxuries. The music are the hoots and shouts and screeches of animals, birds and wind gushing through the woods. After sundown the place gets a little erie! The Camp has dorms and tents to live. The only thing one can do is go for treks... One is a butterfly trail and other a bird trail. The Surpanaki river snakes through the camp joining the Netravati River and dislodges into the Arabian Sea. The roads are rough mud roads which take you to the camp site
Jagdeesh Laxman Singh aka Jugie Singh Text & Photography firstname.lastname@example.org
from the main road. Aanejari Butterfly Camp is in the Mookambika Wildlife Sanctuary consisting of 247 sq kms. This sanctuary borders with Sharavati Wildlife Sanctuary and is all a proud part of the 38,720 sq kms of Karnataka Forests. Our State is proud to have lots of eco-adventure, eco-tourism activities. The general public are made aware of their responsibilities to nature and animals. This Camp is a 'no litter' and 'no plastic' zone, so are all forest areas! One is allowed to stay a maximum of 3 days out here. It's good for small groups, there are no plans to expand the staying facilities out here, there is a cap on development. There's a small children's play area and exclusive parking area. The zones are divided and discipline is maintained. Silence is much appreciated. This is not a picnic zone. Big game animals are not sighted here. Birds and Butterflies are sighted and one has to adhere to
Monarch butterfly-Male- Photo: Derek Ramsey
trekking and sighting rules.The staff are knowledgeable and guide you. It's a good weekend retreat bonding with nature. Closeby are temples, beaches, camping and trekking zones. One can spend a extra long weekend out here. The nearest railway station is Mookambika Road, airport is Mangalore 60 Kms away. Public transport like buses, jeeps and cabs are plenty. You mark Dharmastala as your destination and get off at the Camp Site, few kilometres before. Like l always say, better and good time with your own transport. Don't forget to pack your cameras, binoculars, good shoes, warm clothes, mosquito repellent, rain wear, battery packs, flash light etc. and carry cash - Digital India is yet to make indoors here. People around here are simpletons. Your Rupee has a lot of value. The cuisine is local coastal south Indian Mangalorean and Udupi its predominantly vegetarian. Selected places have good sea food cuisine. Enjoy the village and forest experience of western ghats and coastal Karnataka. Our forests were earlier game and hunting zones of royalty and the colonial British, royals from as far as Russia would come to hunt, later this moved to people in power, the politicians. Now the game is Photography and Eco-Adventure Tourism, Camping, Trekking, Rafting etc. All peaceful. We have come to live with nature and peace after losing quite a bit of natural fortune. Do make a list of forests you need to visit, tick one of your bucket list each year. Indian forest tourism has a lot to offer. Journey into a different experience each time,your experience will not be the same as others. Each one will have a different story to tell.Capture your memories on your camera for posterity. Join an adventure or a eco group, may your tribe increase - to make this planet a better place to live in. Take what you need, let not greed engulf you.
Monarch butterfly-Female- Photo: Derek Ramsey
Nethravathi River close by. Sourpanaki River joins it... Emptying into the Arabian Sea
Tents in thick forest vegetation
Camp area/ left common area
Internal mud roads of the Camp
Camp forest road
Edited, Printed, Published and Owned by Akshaya A, at no.397/4, 14th Cross, Near Bose Enclave, Wilson Garden, Bengaluru 560030 and printed by him at Sri Lakshmi Prints, No.12, 12th Cross, 18th Main, Venkateshwara Layout, Old Madiwala, BTM 1st Stage, Bengaluru 560068 and published at no.397/4, 14th Cross, Near Bose Enclave, Wilson Garden, Bengaluru 560030. Editor Akshaya A, responsible for selection of news under PRB Act. Ph-080-42613069, RNI. NO: KAR ENG/2014/54753.
Bengaluru, February 9 - 15, 2018
Highlights of the Union Budget 2018-119 Nagaveena manjunatha
he Union budget of India also referred to as the annual financial statement in the constitution of India which gives the estimated receipts and expenditure of the government for that particular year. It keeps the account of the government’s finances for the fiscal year that runs from 1st april to 31st March. Union budget can be categorized as a revenue budget and capital budget. Revenue budget incorporates government’s revenue receipts and expenditure for example expenditure incurred on day to day functioning of the government. Capital budget includes receipts and payments of the government, for example loans from foreign government and public. Central government is constitutionally required to lay an “annual financial statement” before both the houses of the parliament. The budget this time is considered as the biggest economic event of the year with the elections at the doorstep. This budget is also portrayed as the game changer and as a catalyst in the objective of retaining power in the coming parliamentary elections. This budget is considered as a booster dose for rural India and bitter-pill for investors as per the economists. The budget has favoured the rural populous but the financial market is little disappointed. It is a mix bag of both expectations and a few surprises. The government claims that the appeal was primarily to sections that make up for the poor, farmers, young job seekers, senior citizens and lower middle class people. Some of the highlights are: Q Health sector has been hugely benefited. The announcement of Rs. 5 lakhs health care insurance each for 10 crores families has made this sector a buzzword of 2018-19 budget. Q This budget has given a substantial focus on agricultural sector. The government is committed to double the farmers’ income by 2022. It is also helping the farmers with the price support and implementation of MSP (Minimum Support Price) for all crops has been hiked 1.5 times of production cost. Coverage of “phasal bheema yojana” to go up from 40% to 50% of cropped area. Q LPG connection will be provided for around 8 crore woman under UJWALA scheme, which is appreciable. Q Emoluments have been revised for president to 5 lakhs, 4 lakhs for vice president and 3.5 lakhs a month for governors. Emoluments to MP’s will also be revised with automatic revision every 5 years indexed to inflation.
Q Amrut program focuses on providing water supply to all households in 500 cities. Q The prominent tourist sites will be developed into iconic ones to boost the tourism. Q 2018 budget has bouquet of benefits for senior citizens. These include increase in tax exemption limit for interest income from banks and post offices from Rs. 10000/- to Rs 50000/-. Increase in tax break on health insurance and medical expenditure, would give a big relief to taxpayers as most senior citizens derive most of their income from bank FD’s and post office schemes. Q Budget 2018 has given suburban rail connectivity boosts for bangalore. Amount of Rs.17,000 crore would be spent on the development of 160 km of suburban railway network for Bengaluru, which was a very much required boost to country ‘s over crowded information Technology capital. Q The strain on the economy is mainly due to unemployment and the budget has promised to enhance the employment rate, but has not specified the sectors where surplus job opportunities can be created. Q The budget extends sops to micro, small and medium enterprises as part of the government’s efforts to bring businesses under the formal economic field. As they are labour intensive and the need of the hour is to create an enabling environment for them to invest and grow, creating jobs and pushing demand and growth. Though the reduction in tax rate to 25% for MSMEs who have reported turnover of upto 250 crores, will not create job prospectus but also expand their business by additional investments.. Q Over two crore toilets will be constructed across the country under swatch bharat mission. Q No personal income tax changes proposed in the budget and long term capital gains exceeding Rs 1 lakh will be taxed at 10% without indexing. Q Customs duty on certain products such as mobile and television has been increased to provide a fillip to ’make in India’. Besides ensuring easy access to bank loans, the government is working on measures to address the bad loans and stressed accounts of MSMEs. Government in this budget has given importance to development of rural areas, infrastructure and poverty alleviation. On the whole, with the elections close by, the union budget has addressed the various priorities of Indian economy. It has well addressed social sector priorities while maintaining fiscal discipline.
itcoin or any other cryptocurrency is just a token (crypto-code) that is released as a reward to the miner for spending electricity to validate the transaction. Miners can exchange this with the currency of their choice in the marketplace. Unlike any other currency, there is always a threat that someone may steal it. This indicates that Bitcoin needs to be protected! As there is no trusted third party ,like banks who can give guarantee, it is the responsibility of the Bitcoin/ cryptocurrency owners to safeguard their own coins. BItcoin is just a crypto-code, if you lose your cryptocode, you lose your bitcoin, it cannot be regenerated again. There are different ways to preserve your Bitcoins. Each has its own advantages and risks associated with it. 1. Leave it in the exchanges: Most of the Cryptocurrency exchanges maintain users’ bitcoins in a secure storage and provide a dashboard for the user to know how much they have. It is very easy, but the cryptocode (private key) is stored in the exchange; you will not have the private key, so will not know exactly what is happening with your coin. Bitfinex in Hong Kong has been hacked and around $66 Million worth Bitcoin has been stolen in 2016 and Mt.gox exchange of Tokio has been hacked in 2014 and $340 Million worth bitcoins has been stolen. Also few exchanges have shut their doors. In such cases people lose money. 2. Store it in the computer or mobile: Though the Bitcoin (Private key) is in your computer or in your mobile phones, there are some people always trying to hack computers and mobiles using malware to steal the Bitcoin. When you connect to the internet and access some websites or links, it may run some malware and steal the private key. Also if hard disk crashes or if you lose your mobile device, coins will be lost.
3. Store in a secondary hard drive or pen drive: This has the same risk when you connect to computer for trading. There are chances that hard drive may crash; Pen drive may get corrupted. 4. Paper wallet: The crypto-code can be written on a paper, called paper wallet. This can be safely stored in a locker where no other member can steal; However there are chances that while generating the paper wallet, someone hack into the computer can steal the coin. Also if someone takes the photo of your paper wallet can steal your coin. 5. Hardware Wallet: As of now the hardware wallets are found to be most secured as the BItcoin(private key) do not leave the device. BItcoin Wallets are intelligent devices that generate the transaction key using the private key and do not copy the private key to the computer or any other device connected to it. Some of the wallets also provide recovery mechanisms using multiple security codes when you lose them. As the cryptocurrencies do not need Bank’s or Government’s intervention for the value transaction. Government's of all nations across the globe are closely monitoring cryptocurrencies to avoid money laundering and innocent people getting cheated. Every government is trying to bring change in various policies related to the trade of cryptocurrencies. Some have announced ban on Bitcoin, however some others have warned and brought the cryptocurrency users under their radar. People in various countries do not have clarity on what is the government’s stand on the cryptocurrency. If government ban cryptocurrency their coins in the exchange may suddenly become unaccessible! On top these technical and regulatory challenges there are huge fluctuations in the value of cryptocurrencies in the market, causing uncertainties in the minds of the people.
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Bengaluru, February 9 - 15, 2018