Facebook's Libra cryptocurrency to launch in January 2021

News Network
November 27, 2020

libra.JPG

Facebook's Libra cryptocurrency is readying to launch as early as January, the Financial Times reported on Friday, citing three unidentified people involved in the project. The Geneva-based Libra Association that will issue and govern Libra plans to launch a single digital coin backed by the dollar, the FT said, citing one of the people.

The move would represent an even bigger scaling-back of the project's ambitions than that proposed in April in response to a regulatory and political backlash against the project. Libra, unveiled by Facebook Inc last year, was relaunched in slimmed-down form after regulators and central banks across the world raised concerns it could upset financial stability and erode mainstream power over money.

The Libra Association, of which Facebook is one of 27 members, is seeking the go-ahead from Switzerland's markets watchdog to issue a series of stablecoins backed by individual traditional currencies, as well as a token based on the currency-pegged stablecoins. Yet under the body's new plan, other coins backed by traditional currencies, as well as the composite, would be introduced at a later date, the FT said.

The Libra Association did not immediately reply to a request for comment. FINMA, the Swiss regulator, did not elaborate beyond a statement in April confirming receipt of Libra's application for a payments licence. Stablecoins are designed to avoid the volatility typical of cryptocurrencies such as bitcoin, making them in theory more suitable for payments and money transfers.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
Business Desk
November 21,2025

warehouse.jpg

Warehouses handle a wide range of goods every day. Each product type needs the right handling and the right system. This is why racking and storage decisions shape warehouse design and performance. The nature of the load determines how goods are received, checked, moved, and stored. It also influences order picking and dispatch. When the team understands the load type, they can plan efficient operations. Better planning helps reduce waste and improve safety. Modern systems utilise automation and engineered layouts to facilitate faster and more efficient movement of goods.

What is a Unit Load?

A unit load is a group of products placed on a stable support. The support can be a pallet, box or container. The aim is to reduce handling time. It allows goods to move as a single group. This keeps storage simple and protects the products.

Types of Load by Recording Method:

General Load

These goods need individual packaging. Some units can be moved one at a time. Others are grouped on pallets or in containers. Their quantity is recorded as units.

Bulk Load

Bulk loads do not use small packaging. They move directly inside tanks, silos or special containers. Liquids and gases fall into this group. They are measured by mass and volume.

Types of Load by Volume:

Small Loads

These goods are light and easy to hold. Items like food packs or small cartons belong here.

Medium Loads

These weigh up to 10 kg. They are still easy to handle by hand. Both small and medium loads fit well in picking systems. Long-span shelving and carton flow racks are suitable for these loads. These systems offer easy access and steady movement.

Large or Pallet Loads

These goods need pallets for support. Forklifts or stackers handle them. They are suitable for selective pallet racks, double-deep racks, shuttle racks, and other high-density storage systems. The choice depends on access needs and available warehouse space.

Bulky Loads

These goods are large and hard to stack. Appliances and steel beams fall into this group. Cantilever racking is ideal for such items.

Special Size Loads

These loads are extremely large and heavy. They need special transport and support vehicles.

Types of Load by Weight:

●    Light loads under 5 kg
●    Medium loads between 5 and 25 kg
●    Heavy loads between 25 kg and one tonne
●    Very heavy loads above one tonne

Each weight category needs a suitable handling plan. Safety becomes more important as weight increases.

Types of Load by Useful Life:

Perishable Loads

These products have expiry dates. They need fast movement. Stock rotation is important. Cold storage and controlled environments protect these goods.

Non-Perishable Loads

These items do not depend on expiry dates. They allow flexible storage and handling.

Types of Load by Resistance:

Resistant Loads

These goods can support weight on top. They allow stacking.

Light Loads

These can be stacked with limits. They need clear rules to avoid damage.

Fragile Loads

These loads need gentle handling. They cannot be stacked. They must be stored on shelves that offer individual support.

Types of Load by Dangerous Property:

Dangerous goods need special rules. They include gases, explosives, flammable liquids and corrosive substances. Each class requires a safe storage plan. Racks must allow ventilation, stability and easy access for trained staff.

Types of Load by Batch

Some products move as single units. Others move in packs with many units. Batch size depends on the product type.

Choosing the Right Storage Method

Load type controls the layout and equipment used. A well-designed warehouse creates a smooth workflow. This reduces time and cost.

Storage for Small and Medium Loads

Shelving systems give direct access. Carton flow racks work well for fast-moving goods. They reduce walking time and save effort.

Storage for Pallet Loads

Selective pallet racking offers direct access. It suits operations with many item types. Drive-in and shuttle racks are ideal for bulk storage. They save space and increase density. Very narrow aisle racks maximise height with guided trucks.

Storage for Bulky and Special Loads

Cantilever racking is designed to hold long and heavy items. It keeps aisles clear. Large loads need cranes or special lifting tools.

Storage for Mixed Loads

A flexible system helps when goods vary in size. Many warehouses utilise a mix of pallet racking, shelving and automated zones.

Using Multi-Level Solutions

Large warehouses often use a mezzanine floor to increase space. This converts unused height into new storage areas. It supports light loads, picking zones and packing stations.

Role of Smart Systems and Automation

Automation improves speed and safety. It also reduces damage. Some systems use sensors to monitor movement. Others manage inventory with high accuracy. A crane-based Automated Storage and Retrieval System (ASRS) support smooth pallet handling. It reduces manual work and improves order accuracy. Automated systems protect fragile loads and reduce forklift traffic.

Why Load Identification Matters

Knowing the load type helps avoid damage. It also helps in planning safe movement. With correct information, the team can plan for forklifts, conveyors and racks. This reduces risks and improves output.

Conclusion

Every warehouse handles a unique mix of loads. Each type requires the right plan, the right support, and the right movement method. Reliable racking and storage systems protect goods and increase efficiency. They also help teams manage work safely. When storage aligns with product needs, operations run smoothly. Leading companies like the Godrej Enterprises Group offer solutions for a variety of loads. From crane-based pallet ASRS to cantilever racks, these solutions help businesses stay ready for the future. A smart warehouse grows with the business and creates more usable space through simple, well-planned design.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
November 21,2025

Bantwal: A domestic dispute appears to have led to a violent confrontation in BC Road area, where the owner of a textile shop was allegedly attacked with a knife by his wife on Wednesday evening.

Krishna Kumar Somayaji, the owner of Somayaji Textiles, sustained serious injuries in the incident and was immediately taken to a hospital for treatment. He is currently receiving care in the intensive care unit and is reported to have survived the assault, according to police.

The Bantwal Town police have registered a case against Somayaji's wife, Jyothi KT, who has since been taken into custody.

Police stated that the complainant, Namita, an employee at the shop, reported the sequence of events. She stated that around 7 p.m. on Wednesday, the suspect entered the shop, wearing a burqa and disguised as a customer, before attacking Somayaji with a knife. The employee then transported the injured owner to a local hospital via an autorickshaw.

Superintendent of Police Arun K confirmed that an ongoing domestic dispute between Somayaji and his wife reportedly preceded the attack. Police noted that Jyothi KT had previously visited the shop and issued threats.

Based on the complaint, Bantwal Town police have registered a case under relevant sections of the Bharatiya Nyaya Sanhita (BNS) and the Indian Arms Act-1959. An investigation into the incident is currently underway.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
November 27,2025

siddDKS.jpg

Congress president Mallikarjun Kharge on Thursday announced that he will convene a high-level meeting in New Delhi with senior leaders — including Rahul Gandhi, Karnataka Chief Minister Siddaramaiah and Deputy Chief Minister D.K. Shivakumar — to resolve the escalating leadership turmoil in Karnataka and “put an end to the confusion.”

Kharge said the discussions would focus on the way forward for the ruling party, as rumours of a possible leadership change continue to swirl. The speculation has intensified after the Congress government crossed the halfway mark of its five-year term on November 20, reviving talk of an alleged 2023 “power-sharing agreement” between Siddaramaiah and Shivakumar.

“After reaching Delhi, I will call three or four important leaders and hold discussions. Once we talk, we will decide how to move ahead and end this confusion,” Kharge told reporters in Bengaluru, according to PTI.

When asked specifically about calling Siddaramaiah and Shivakumar to Delhi, he responded: “Certainly, we should call them. We will discuss with them and settle the issue.”

He confirmed that Rahul Gandhi, the Chief Minister, the Deputy Chief Minister and other senior members would be part of the deliberations. “After discussing with everyone, a decision will be made,” he said.

Meanwhile, Siddaramaiah held a separate strategy meeting at his Bengaluru residence with ministers and leaders seen as his close confidants, including G. Parameshwara, Satish Jarkiholi, H.C. Mahadevappa, K. Venkatesh and K.N. Rajanna.
Signalling calm, the Chief Minister told reporters, “Will go to Delhi if the high command calls.”

Shivakumar echoed a similar stance, saying he too would head to the national capital if summoned by the party leadership.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.