Cryptocurrency Q&A
How does EWS work?
How does EWS work?
GeishaMelody
Thu Sep 05 2024
|
6 answers
1538
Could you please explain how the Early Warning System, or EWS, functions in the context of cryptocurrency and finance? I'm particularly interested in understanding how it helps identify potential risks and how it enables users to take preventive measures. Is there a specific algorithm or set of criteria that it utilizes to make these assessments? And how does it differ from other risk management tools in the industry?
6 answers
JejuSunshineSoulMateWarmth
Sat Sep 07 2024
The Economically Weaker Section (EWS) in India represents a distinct group within the broader Economy Based Un-Reserved Category. This demographic is characterized by a specific financial threshold.
Was this helpful?
154
30
GalaxyGlider
Sat Sep 07 2024
To qualify as EWS, individuals and families must have an annual income that falls below the designated limit of ₹8 lakh, which is approximately equivalent to US$10,000. This criterion serves as a primary identifier for the section.
Was this helpful?
369
49
CoinMasterMind
Sat Sep 07 2024
Importantly, the EWS does not encompass individuals or families who are already classified under other reserved categories in India, such as Scheduled Castes (SC), Scheduled Tribes (ST), or Other Backward Classes (OBC). This exclusion ensures that the EWS remains a distinct and focused group.
Was this helpful?
349
20
ShintoSanctuary
Sat Sep 07 2024
Additionally, the EWS does not apply to those categorized as Most Backward Classes (MBC) in the state of Tamil Nadu. This further refinement highlights the nuanced nature of socio-economic classifications in India.
Was this helpful?
344
76
SumoStrength
Fri Sep 06 2024
The concept of EWS underscores the government's commitment to addressing income inequality and uplifting marginalized communities. By identifying this specific segment, policies and programs can be tailored to their unique needs and challenges.
Was this helpful?
208
75
Load 5 more related questions
