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National Trust

  • Vaid's ICS, Lucknow
  • 21, Sep 2021
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Why in News?

The Ministry of Social Justice & Empowerment had recently organised meetings with officials and other stakeholders of Jammu & Kashmir and Ladakh for implementation of National Trust Act, 1999.

  • This act looks into the welfare of people with autism, cerebral palsy, mental retardation and multiple disabilities.
  • The Act also provides for the setting up of the National Trust.

About the National Trust:

  • The National Trust is a statutory body of the Ministry of Social Justice and Empowerment, Government of India.
  • It was set up under the “National Trust for the Welfare of Persons with Autism, Cerebral Palsy, Mental Retardation and Multiple Disabilities” Act.
  • Its mandate is to discharge two basic duties – legal and welfare.

The objectives of the National Trust in particular are:

  • To enable and empower persons with disability to live as independently and as fully as possible within and as close to their community as possible;
  • To facilitate the realisation of equal opportunities, protection of rights and full participation of persons with disability;
  • To extend support to its registered organisations to provide need-based services; and
  • To evolve procedures for appointments of guardians and trustees for persons with disabilities.

Facts for Prelims

Stablecoin                

A ‘stablecoin’ is a type of ‘cryptocurrency‘, usually pegged to the current government-backed currency.

  1. Most of the dozens of ‘stablecoins’ currently in circulation use the dollar as their benchmark asset, but many ‘stablecoins’ are also linked to other credit currencies issued by governments such as the ‘euro’ and ‘yen’ Huh.
  2. As a result, unlike high-profile cryptocurrencies such as bitcoin and ethereum, the price of stablecoins fluctuates very little.
  3. Stablecoins are very useful as they form a bridge between the currency of the Old World and the cryptocurrencies of the New World.
  4. The first ‘stablecoin’ was ‘Tether’, which was created in the year 2014. After this many other ‘stablecoins’ have been created.