New Category Under BR1M Scheme To Be Introduced
Finance

New Category Under BR1M Scheme To Be Introduced

A BR1M scheme was started in 2011 and disbursement started in 2012, and today approximately 7 million applications were approved to receive the money for their welfare. This is a scheme which is started to help the people with low-income and to ease the burden of rising living cost in Malaysia.

But a lot of changes were made and BR1M is changed to Bantuan Sara Hidup Rakyat. Apart from this, a lot of new categories were introduced in this scheme to help the low income groups like recently prime minister announced the additional increment will be provided and the payout will be doubled from this year. There are also a lot of new categories added –

A new category is announced which is going to add this year where the help will be provided to the people whose household income is in between RM 3000 to RM 4000. And under this category, the residents will receive a disbursement of RM 700. This money payout will be given in June and August.

For existing residents, it is announced this year that the residents who have earning RM 3000 and below, the payout will be increased from RM 1200 to RM 2000. And the residents who have a household income in between RM 3000 to RM 4000 will received an additional payout of RM 600 or you can say a total of RM 1500. This is done to improve the cost of living for the next five years for low-income earners.

Bantuan-Sara-Hidup-Rakyat

Bantuan Sara Hidup Rakyat

Additionally, the minimum wages of the people will also be increased by at least RM 1500 in this next five years. Also, a fair work commission will also be set up to increase or to provide more equitable salary to the employees of private sectors.

For settling the urban poverty of the country, the more and new business centers were made for the small enterprises, food trucks and urban agriculture will also be set up.  There are also pledges are announced like raising the individual income tax exemption rate for medical expenses of parents which lie between RM 5000 to RM 10,000. Tax exemptions on housing rental income will also be increased and decrease the employing cost of foreign domestic workers.

There are a lot of changes were made previously and this year a lot of new schemes and category were introduced to provide the benefits and lower the burden of rising living cost to the poor and middle-class people of the Malaysia.

Different Types Of Cryptocurrencies Available In The Market
Cryptocurrency/Finance

Different Types Of Cryptocurrencies Available In The Market

Bitcoin by far is the most famous and valuable cryptocurrency. It has the highest number of users as compared to other cryptocurrencies but with many technological advancements being introduced in the last years, other cryptocurrencies are starting to give tough weight to bitcoin. The decentralized and secure features of cryptocurrencies make them desirable to use in online shopping and for many other e-commerce purposes. There are many other applications like telegram crypto that also follow cryptography technology for providing anonymity to their users. There are many types of cryptocurrencies available in the market, some of which are-

  • Bitcoin- 
telegram crypto

telegram crypto

 

It is the foundation of this peer-to-peer blockchain technology. It was released by as an open source software in 2009 by Satoshi Nakamoto. His identity is still unknown. It has a market cap of $134 billion with one bitcoin valued at $8,041.33 till at the writing of this. Bitcoin is among the most difficult cryptocurrencies to mine today because of its popularity and its de-facto standard for the cryptocurrency.

 

  • Ethereum- 

 

It is also one of the cryptocurrency. It also works on the blockchain technology. Ethereum is a kind of cryptocurrency that runs on the computer codes that can facilitate the exchange of money, content, property, shares, and anything of value. Ethereum is the world’s first blockchain supercomputer which is fuelled by a currency token called ether. Ethereum has a market cap of $34 billion. The potential of this technology has garnered more attention and popularity due to this more individuals are rushing to this platform.

 

  • Litecoin-

 

It is created by the former Google engineer named Charlie Lee. It was launched in 2011 as an alternative to Bitcoin. Because bitcoin is very difficult to purchase. You can say that Bitcoin is the silver piece of Bitcoin the real gold piece. It uses ‘script’ as the proof-of-work algorithm. The market cap of Bitcoin is around $3.82 billion with the value of one Bitcoin at around $70.97.

 

  • Ripple-

 

All other cryptocurrencies are mainly used by individuals but ripple is mainly geared towards banks, payment providers, and digital asset exchanges. The native ripple cryptocurrency does not have an intrinsic value of its own. It instead serves as a token to protect the network against spam called RippleNet.

 

  • Dash-

 

It is an open source peer-to-peer cryptocurrency that works on the decentralized master code network. It is introduced by the anonymous self-funded organization. It has enjoyed great success in the market of cryptocurrency since its launch in 2004. It has a market cap of over $3.4 billion with one DASH priced at $443.60.

 

These all plays an important part in the market of cryptocurrencies. By going through above points you can also choose your desirable cryptocurrency.