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<div class="column" id='section1'><div class="head"><span class="headline hl3">Revenue numbers for Big Tech</span></div><p>Profit margins peaked for the big techs despite the uncertainties created by the pandemic. Many companies experienced a precarious position but the tech industries shone throughout as they evolved opportunities for people. And since people were quarantined, digital platforms became a necessity for them. Hence, the digital curve accelerated with time without bouncing back, and it seems unstoppable. FAMAG, a well-known acronym for the big techs- Facebook, Apple, Microsoft, Amazon, and Google, showed a substantial increase in its revenues and profits during the second wave. People relied more on social media platforms during the pandemic because it helped them stay in touch with each other. Facebook, one of the many social networking sites, benefitted the most in the global turbulence. During the mid of the second Covid wave, its revenue increased by more than half, causing its profit to double. The tough times forced people to depend on online shopping, deliveries that helped giants like Amazon to perform even stronger. Its extending services, subscriptions, prime memberships, and third-party seller services have helped it to rise to new heights. Owing to the fact that people had to work from home, Microsoft Azure, a cloud computing platform, saw a surge in its services. Thus, it saw an increase in its revenues by one-fifth, which was much higher than any year. "Google is embracing remote work post-pandemic," said Google CEO Sundar Pichai, as its advertising and cloud computing services saw tremendous growth. Consequently, Alphabet, the parent company of Google, saw an increase in its revenues by one-third. Many companies believe that the work-from-home culture will remain prominent so that cloud service providers may continue to reap benefits even after the crisis. While the pandemic strictures were fatal for most economic sectors, the big techs are among the few winners.</p></div></div><div class="columns">
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<div class="column" id='section2'><div class="head"><span class="headline hl3">Big Techs driving the US Stock Market</span></div><p>The stock market has dominated the global market since the beginning of the pandemic. The total value of the S&P 500 in 2020 stands at more than $7 trillion, accounting for almost one-fourth of the index's market capitalization. It is 20% less than before the pandemic. This reflects a shift to an increasingly technology-driven economy that is stimulated by the coronavirus outbreak. The big techs have seen their shares jump by 22% this year, with Amazon flying at 86%. Compared to 2020, the overall stock performance in the S&P 500 to date is less than 4% in 2021. The capitalization of the S&P 500 in 2015 has increased by $6 trillion. Out of this, $4 trillion is from the big six techs: Apple, Facebook, Microsoft, Alphabet, Amazon, and Netflix, up to two-thirds of the total profits in the S&P 500. Since 2015, the index has gained 56.5%. And after 23 March 2021, the index is up to 42.1%, which is approximately three-quarters of the gains of the previous five years. The holdings of major technology companies flew beyond other markets. After months of agony, the group staged a comeback with several tech giants who broke records in recent sessions. Additionally, beyond achieving its first high since January at the start of the week, Apple Inc.'s stock closed at a new high. These few companies can dominate their contemporary companies and set the rules of the global economy. This kind of constant dependency was never seen before. However, this kind of concentrated power is predicted to be dangerous.</p></div></div><div class="columns">
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<div class="column" id='section3'><div class="head"><span class="headline hl3">Should the Big Techs be regulated?</span></div><p>The rise in shares and profitability of big tech is highlighting their monopoly in the market and triggering competitors. Allegedly, the big techs were trying to either subjugate their rivals or acquire them to grab the market, just like Facebook acquired WhatsApp and Instagram. In addition, they use local media information and publish it on their platform, for which a proper share of revenue is not given to the concerned authorities. The emerging companies are condemned by the big techs, as they manipulate market practices to increase their dominance and suppress their competitors. Like Facebook, it didn't offer sufficient data to show that the world's largest social network is a monopoly. Google has constantly made efforts to monopolize the mobile search market and its power over advertising technology. Play Store is seen as the default app store on Android, although users can also download apps from stores operated by companies like Amazon or Samsung or even install them. The company has loosely forced application developers to use its payment system for purchases made through the Google Play Store. Moreover, the company also paid higher to the app developers to prohibit them from removing their app from its Play Store. They must refrain from using their monopolistic power in a hyper-dominant market position to unlawfully leverage billions of added dollars from small companies' competitors and consumers beyond what should be paid. This illustrates how the concentration of power in a few hands leads to helplessness in the hands of the many.</p></div></div><div class="columns">
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<div class="column" id='section4'><div class="head"><span class="headline hl3">Recent steps to tame Big Techs</span></div><p>Tech giants leading the world market have come under the suspicion of analysts. Glaring at the uncontrolled behavior of big techs, some countries have formulated rules and regulations. They have proposed legal restrictions on them to promote healthy competition among small, medium, and big companies. For instance, the European Union enacted the Digital Services Act (DSA) and the Digital Markets Act (DMA). These laws regulate intermediary services like social media platforms, internet providers, and e-commerce intermediaries. They also act as a sentry between companies and end-users to provide safety for users' data and create a healthy competitive environment among other companies. On the same lines to proscribe unlawful business practices in the U.S., Antitrust law was formulated in 1890. Under this law, several acts, like the Sherman Act, Free Trade Commission Act, and Clayton Act, promote fair competition and provide economic liberty. The U.S. president, Joe Biden, approved 72 recommendations and actions. These were executive orders to crack down on big tech and other sectors for anti-competitive practices. These orders will not only protect smaller competitors but also protect the consumer's personal information from exploitation. On the other hand, the Indian government had a tussle with Twitter for not appointing India-based nodal officers, compliance officers, and grievance redressal officers. On this issue, the new IT minister of India, Ashwini Vaishnaw, warned Twitter to follow the "law of the land." Otherwise, Twitter could be held accountable for users' content, and lose protection under section 79 of the IT act. In addition, last year, the French finance ministry decided to levy a digital tax on big techs. The country adopted a "digital services tax" bill in July 2019 that imposed a 3% tax on digital turnover for companies whose annual sales exceed €750 million worldwide and €25 million across France. The American tech companies, Google, Amazon, Facebook, and Apple (GAFA) were asked to pay 3% tax on the annual turnover for the year 2020. The U.S. government retaliated and warned of levying up to 100% on $24 billion worth of French goods. Later, France agreed to delay the imposition of the digital tax on American companies. The tax was to be levied on 27 companies including, American, German, French, and Dutch companies. However, it has been delayed due to the political differences between the countries and concerns about the pandemic worldwide. The European Union and the U.S. laws should inspire and motivate other countries to frame laws to regulate the tech giants in their respective countries. This will provide opportunities for small businesses to thrive. Hence, it would help in curbing monopolies across the world.</p></div></div> <div class="columns">
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<div class="column" id='section4'><div class="head"><span class="headline hl3">Recent steps to tame Big Techs</span></div><p>Tech giants leading the world market have come under the suspicion of analysts. Glaring at the uncontrolled behavior of big techs, some countries have formulated rules and regulations. They have proposed legal restrictions on them to promote healthy competition among small, medium, and big companies. For instance, the European Union enacted the Digital Services Act (DSA) and the Digital Markets Act (DMA). These laws regulate intermediary services like social media platforms, internet providers, and e-commerce intermediaries. They also act as a sentry between companies and end-users to provide safety for users' data and create a healthy competitive environment among other companies. On the same lines to proscribe unlawful business practices in the U.S., Antitrust law was formulated in 1890. Under this law, several acts, like the Sherman Act, Free Trade Commission Act, and Clayton Act, promote fair competition and provide economic liberty. The U.S. president, Joe Biden, approved 72 recommendations and actions. These were executive orders to crack down on big tech and other sectors for anti-competitive practices. These orders will not only protect smaller competitors but also protect the consumer's personal information from exploitation. On the other hand, the Indian government had a tussle with Twitter for not appointing India-based nodal officers, compliance officers, and grievance redressal officers. On this issue, the new IT minister of India, Ashwini Vaishnaw, warned Twitter to follow the "law of the land." Otherwise, Twitter could be held accountable for users' content, and lose protection under section 79 of the IT act. In addition, last year, the French finance ministry decided to levy a digital tax on big techs. The country adopted a "digital services tax" bill in July 2019 that imposed a 3% tax on digital turnover for companies whose annual sales exceed €750 million worldwide and €25 million across France. The American tech companies, Google, Amazon, Facebook, and Apple (GAFA) were asked to pay 3% tax on the annual turnover for the year 2020. The U.S. government retaliated and warned of levying up to 100% on $24 billion worth of French goods. Later, France agreed to delay the imposition of the digital tax on American companies. The tax was to be levied on 27 companies including, American, German, French, and Dutch companies. However, it has been delayed due to the political differences between the countries and concerns about the pandemic worldwide. The European Union and the U.S. laws should inspire and motivate other countries to frame laws to regulate the tech giants in their respective countries. This will provide opportunities for small businesses to thrive. Hence, it would help in curbing monopolies across the world.</p></div></div>
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<div class="column" id='section3'><div class="head"><span class="headline hl3">Authentic Nuances</span></div><p>The pandemic has made its presence felt globally, but the effects of this presence have been distributed unevenly. Some social minorities have had to brave more severe consequences, while others have had ancient wisdom and a humanitarian foresight to keep the torch ignited for the collective. Either way, the spotlight that these two parallel pillars deserve was granted to them by the pandemic. The ancient knowledge and harmony that some indigenous cultures have managed to preserve can offer great insights and solutions to handle many practical and emotional vulnerabilities of these times and beyond by not denying them, but rather turning the same vulnerabilities into the strength of trusting what is not familiar, and respecting that which has always been there for us to nurture and be nurtured by. The pandemic brought online, circles and gatherings offered by and for the indigenous communities to connect more deep and organic with the world community, so both the sides could benefit equally from the sharing. Many spontaneous initiatives to contradict the limitations of the crisis were born, to only grow from here. In Cachar district in the state of Assam, India. A small group of boys aged 14-25, shared a common interest in cricket, and used WhatsApp group for scheduling their matches, but, when the lock-down was imposed, they came to know about issues being faced by people of this area, embarking them on a mission to assist their community. The group first organized funds by sharing links to UPI-based applications like Google Pay at local medical and supply stores. In the beginning, they delivered 50-60 packets of ration to the needy, in some time, with better management and recruitment of volunteers they began to reach a large number of people. Further, they were supported by the elders of their community, and till today they are working to provide resources to the needy, daily wage earners, migrants, tea garden laborers, and beggars in their area. A small change of attitude can light up the entire society. By the same token, in remote villages of Odisha state when weaver communities were impacted by the pandemic and their income was forced to closure, they utilized their weaving skills in mask manufacturing, these masks were made with 'Ikat', a distinctive fabric dyeing method consisting of natural fabric that creates a beautiful design on clothes, a tradition being passed on through generations by these weaver communities in Odisha. Moreover, these masks were sustainable, handmade, and reusable, and with the help of PARINAMA and RYTHM Foundation, they were able to fulfill an order of 30000 masks for QNET. This not only supported a particular community, but gave natural and sustainable protection to many during the pandemic. David Sanchez from Colombia worked with his team "Colombia help" teaching the countryside people self-dependency for survival - like cooking, skill development, and production for a living, he is also helping them to export their products now. Linda Kemoli from Kenya began spreading Covid-19 awareness at its onset, as most of them did not have an internet connection and not even electricity, she trained the ones who had access to it so they could teach others through visual activities explaining to them how the world was before the pandemic, during this pandemic, and what they can do to better prepare for a world after the pandemic. These interactions also provided everyone participating with the opportunity to share insight and exchange opinions, traditional knowledge and technological advancements that can be merged for better living in times to come. These are just some of the authentic nuances from the many that are shaping more self-reliant lives for an equitable movement forward.</p></div></div><div class="columns">
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<div class="column" id='section4'><div class="head"><span class="headline hl3">Alternative Economics</span></div><p>Economics for a common good is the core motivation fueling new economic models. "Generative Economy" - introduced by Marjorie Kelly, is a living socio-economic design aligned with solutions focused on the cradle to grave approach. Rich in biodiversity and not limited by mono-culture, generative economy's main purpose is to sustain fair and just conditions that benefit all layers by organizing the structure and objective of the living body or community as a whole. Regenerative economics begins with giving respect to source capital - sun and earth. Though complex in the fact that humans are the driving force, regenerative economy has the ability to operate at a consciousness higher than other non-holistic and linear systems, given to its deeper understanding of ecological patterns and principles while integrating valuable wisdom from traditions in present systems to meet changing dynamics and supporting balanced participation and collaboration. According to Charles Eisenstein, 'Scarcity is built into the money system,' in Sacred Economics, he talks about how we didn't earn anything that keeps us alive, the air we breathe is a gift, and so is life itself, and therefore, the most important skill we can own, is gratitude. With grace we can continue giving and receiving, in a gift economy - the surplus that we have is shared with who needs it, there is no competition or insecurities to feel any lack. A Circular Economy is based on the 3R's- Reduce, Reuse and Recycle; where resource use is minimized and reuse of products is maximized to create a close-loop system. It's confirmed! Current systems of money are insufficient and lob-sided. Progress has been restricting itself with different faces of ruling classes, bureaucracy and governance. And now these restrictions are shifting. Decentralized financial (DeFi) systems are already enabling alternatives a step closer towards a fair economic environment. According to the P2P Foundation, "Society is shifting from a system based on value created in market through labor and capital, to a system that recognizes broader value streams such as social and creative value generated online. The rise of new types of value generated by commoners working outside of typical market structures - is forcing us to go beyond the simple equation of price = value." A truly developed society does not cater only to the needs of a few, but to the needs of the society as a unit. Doughnut economy envisions economic humanity, it is said to be far more inclusive than other parallel economies and is being discussed by governments worldwide. The doughnut economy model consists of two rings where one forms a social foundation so that nobody is left out and the other one is a ceiling ring to make sure that it doesn't overshoot planetary boundaries. The doughnut is at the core. Doughnut economics proposes an economic mindset that's fit for the challenges of the present world, It's this very creative thinking that makes this unique and logical; drawing insights from various complex economies and beliefs, it presents itself as a comprehensive model, focused on the big picture, and not limited to a Gross Domestic Product (GDP). Bhutan, a small kingdom in the Himalayas was far more foresighted than the rest of the world to mandate in 2008, (GNH) Gross National Happiness as a measure instead of GDP, for National Development. Today it is the only carbon-negative country in the world.</p></div></div><div class="columns">
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<div class="column" id='section5'><div class="head"><span class="headline hl3">Healing Collaborations</span></div><p>Collaboration can be experienced as a science and art of life, 'we are not constant, we are an arrow in flight, the sum of the angles of change', and this dynamic constant is a product of our interactions within and out, human conditions are forever transforming, so to live without a sense of being grounded with respect to inter-dependability stiffens individual and collective purpose and well-being. The pandemic has displayed some positive patterns in re-building a sense of collaborative responsibilities, bringing the world closer into understanding our short-comings and strengths to build on for a resilient future. From art and cultural collaborations on-line to exploring International support mechanisms and relationships; collaborative efforts continue to keep hope ignited, one lamp, torch, lighter at a time. It has been noticed that cross-collaboration leads to a decrease in the collective healthcare risks that are difficult to manage independently. Sharing experiences, ideas, and knowledge, accelerates productive ties and implementation, and providing support standards increases the impact of research in development, while building mutual trust and understanding. A holistic approach to any given problem always serves better, specially when it's the collective well-being in concern. The pandemic has been another reminder that self-satiation can never satisfy sustainably, and neither can wealth ever be health, and our environment and local communities are not independent of one another. As the Greek philosopher, Socrates once said, "A part of us can never be well unless the whole is well." Therefore, the only way forward from all the ignorance so far, is to see the solutions through together. Flexible leadership, inclusive cooperation, equality, and just decision-making are all important for healthy resilience planning, which should become central to communities, Nations and all fellow beings. 'Resilience planning', includes personal responsibility in making the right decisions and supporting positive collaborations. Our relationship with the environment and how we interact with what we produce and consume are all important for future resilience. With as many solutions to disease as we have found, we must also nurture a healthy relationship with our bodies - physical, emotional and spiritual, as this is the core collaboration that is going to raise the collective consciousness to empower all other collaborative efforts more, and these preventive solutions will continue strengthening resilience further. Many initiatives are encouraging free learning sessions, sharing spaces and dialogues to assist this movement of self-empowerment, while raising funds to direct them where they are needed. Collaborative efforts at every layer, from the grassroots up are re-aligning our world into one we create and nurture, assuaging insecurities and vulnerabilities along the way, claiming the human rights that have gone neglected, while dissolving outdated oppressive structures now frail and crumbling.</p></div></div><div class="columns">
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<div class="column" id='section6'><div class="head"><span class="headline hl3">A Space for Creative Expression</span></div><p>Art is the most beautiful expression of human emotions and this space for freedom to express raises collective consciousness, it gives the most vulnerable sections of society a voice and an element of respect, while serving as a channel for learning and healing to tackle many issues like violence, harassment, etc. The pandemic has created many safe spaces for alternate voices and these discussions and sharing allow more creative solutions to real-world contradictions. For many, art has been the breath they could count on to keep serving the suffocating reality that was erupting around them. Many doctors began to create an alternate reality on their canvases and screens. "At a time when viruses can seem unknowable and scary, turning them into decorations, and including non-pathogenic viruses, is a reminder that viruses are only another part of the natural world." - Ed Hutchinson, lead of the molecular virology group at MRC. Sharing spaces allows us to go beyond our comfort zones, exchange thoughts, and cooperate, even if sometimes only possible electronically; this has been made possible by the generous spirit of thousands of individuals who read, watch, listen to, and respect artistic expression, particularly now. This outpouring of support reflects that a creative life is vital to society. It is essential to seek purpose in life during such moments, and self-expression and self-exploration through any creative channel creates a fluid space for new ideas to create new experiences. Keeping in mind the inalienable role of expression for serving human rights, UNESCO has issued guidelines to promote and protect freedom of expression through electronic mediums to encourage regional art and culture, individual artists, and cultural activists. Many artists have been performing to raise funds during the pandemic, while children are now strumming and drumming with their parents more. The spaces created by unscheduling and absent rush hour distractions are finding the rhythm for unbound expression that our global family is always there to celebrate.</p></div></div> <div class="columns">
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<div class="column" id='section6'><div class="head"><span class="headline hl3">A Space for Creative Expression</span></div><p>Art is the most beautiful expression of human emotions and this space for freedom to express raises collective consciousness, it gives the most vulnerable sections of society a voice and an element of respect, while serving as a channel for learning and healing to tackle many issues like violence, harassment, etc. The pandemic has created many safe spaces for alternate voices and these discussions and sharing allow more creative solutions to real-world contradictions. For many, art has been the breath they could count on to keep serving the suffocating reality that was erupting around them. Many doctors began to create an alternate reality on their canvases and screens. "At a time when viruses can seem unknowable and scary, turning them into decorations, and including non-pathogenic viruses, is a reminder that viruses are only another part of the natural world." - Ed Hutchinson, lead of the molecular virology group at MRC. Sharing spaces allows us to go beyond our comfort zones, exchange thoughts, and cooperate, even if sometimes only possible electronically; this has been made possible by the generous spirit of thousands of individuals who read, watch, listen to, and respect artistic expression, particularly now. This outpouring of support reflects that a creative life is vital to society. It is essential to seek purpose in life during such moments, and self-expression and self-exploration through any creative channel creates a fluid space for new ideas to create new experiences. Keeping in mind the inalienable role of expression for serving human rights, UNESCO has issued guidelines to promote and protect freedom of expression through electronic mediums to encourage regional art and culture, individual artists, and cultural activists. Many artists have been performing to raise funds during the pandemic, while children are now strumming and drumming with their parents more. The spaces created by unscheduling and absent rush hour distractions are finding the rhythm for unbound expression that our global family is always there to celebrate.</p></div>
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Local markets, where farmers sell their products directly in their local areas. When they didn’t get a sufficient price for their product they moved to APMC( Agricultural produce market committee) which was established by the government in every state. These are also called Sarkari mandis. In India, there are 6500 Sarkari mandis. For Sarkari mandi, the government issues licenses to middlemen, Commission agents, or traders. Farmers take their produce to Sarkari mandi, where the quality test for those products is performed and then the auction is done according to the quality. However, traders buy those products from farmers. There is a tax amount to be paid by the traders is 0.528%, Which differs from state to state. Another option for the farmers is MSP (minimum support price) Where farmers sell their produce directly to the government in an amount fixed by the government. According to the farm bill, the state comment says that whichever crops are sold in private mandi will be tax-free. However, the tax that the government receives in APMC Will not be received by them. In some states like Punjab, the tax received by APMC Is more than 3500 crores.
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However, according to the farmer leaders, it has been said that if the private market is initiated then in the beginning there will be selling of products in an APMC because there will be zero tax in the private market. This may be beneficial for farmers in the beginning but APMC will be inefficient in the long run then this will be removed. When the private market holds the entire market, the government will lose its control over the market which will result in the entry of low-scale farmers. Apart from this, according to the farmers, MSP has not specified anywhere in the recent Bill passed that this will be carried in the future also. This leads farmers to doubt and question that will it be continued further. Moreover, Every year FCI that stores crops are spoiled due to the MSP facility. According, to the farmers, the government is not taking appropriate action to increase the storage facility for crops. So the farmer demands to give guarantee for MSP to be continued further, also sufficient storage for crops and most focusing to ensure that the crops will not be sold in less than MSP in the private market.</p></div></div> <div class="columns">
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However, according to the farmer leaders, it has been said that if the private market is initiated then in the beginning there will be selling of products in an APMC because there will be zero tax in the private market. This may be beneficial for farmers in the beginning but APMC will be inefficient in the long run then this will be removed. When the private market holds the entire market, the government will lose its control over the market which will result in the entry of low-scale farmers. Apart from this, according to the farmers, MSP has not specified anywhere in the recent Bill passed that this will be carried in the future also. This leads farmers to doubt and question that will it be continued further. Moreover, Every year FCI that stores crops are spoiled due to the MSP facility. According, to the farmers, the government is not taking appropriate action to increase the storage facility for crops. So the farmer demands to give guarantee for MSP to be continued further, also sufficient storage for crops and most focusing to ensure that the crops will not be sold in less than MSP in the private market.</p></div></div>
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@ -354,12 +354,7 @@ The repercussions of lockdown on the economic structure will persist even after
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There are numerous solutions and safety nets measures that might facilitate curbing the situation. Firstly, the protection of employees needs to be primary. Statistics on a way to shield oneself need to be provided, along with safety necessities, including hand sanitizers also to be provided. Further, medical insurance which incorporates paid sick leave needs to be extended to all employees. This suggests that the authorities and employers need to pay for the remedy of employees and also make sure no loss of earnings for sick leaves. Secondly, unemployment advantages need to be paid to aid employees whose earnings are misplaced or dwindled because of the outbreak. This is important for ensuring that employees do not bear the financial shock. Some unemployment insurances exist in India, including in Punjab, however aren't prolonged to entrepreneurs and tech-employees. This might be in the form of its health and monetary crises. The authorities should create access to the public distribution system. This device has already proven powerful in Tamil Nadu and can be replicated in the rest of the country.
|
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The government of India and the technology companies that function right here should begin considering the workers who hold this country together. Ideally, the experts or megalomaniacs should have addressed the people about anticipated health emergencies and have planned ways to build a capable health infrastructure. Solutions like UBI transfers can help briefly plug the holes of an otherwise broken social security system. However, it might not be a long-time answer. The country has tried to control the crisis, but this is only the beginning. The world is bracing for a much larger disaster, as should we – developing sturdy social protection nets for marginalized and vulnerable people is one manner to put together for the vagaries and unpredictability of the approaching months. To finish up, the need of the hour is to feature plans to bolster our healthcare system, boost the assets and convert all pains and sufferings as the potential energy to fix this nation.</p></div></div> <div class="columns">
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The government of India and the technology companies that function right here should begin considering the workers who hold this country together. Ideally, the experts or megalomaniacs should have addressed the people about anticipated health emergencies and have planned ways to build a capable health infrastructure. Solutions like UBI transfers can help briefly plug the holes of an otherwise broken social security system. However, it might not be a long-time answer. The country has tried to control the crisis, but this is only the beginning. The world is bracing for a much larger disaster, as should we – developing sturdy social protection nets for marginalized and vulnerable people is one manner to put together for the vagaries and unpredictability of the approaching months. To finish up, the need of the hour is to feature plans to bolster our healthcare system, boost the assets and convert all pains and sufferings as the potential energy to fix this nation.</p></div></div>
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@ -348,12 +348,7 @@ With that history of banking performance, the Reserve Bank of India should not b
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<div class="column" id='section5'><div class="head"><span class="headline hl3">No innovation in Indian banking sector</span></div><p>In an advanced economy, the Reserve Bank of India is probably the only central bank that decides how many branches a bank can open and what ATMs can do. It also decides whether SMS is required to be sent after a transaction. Small operational decisions like what products to offer, what rates to offer, which usually should be performed inside the bank, all must be approved by the Reserve Bank of India. To grow innovation, creative destruction is an essential condition. Newer forms of banking must emerge in marketplaces freely and offer better and efficient services challenging the incumbent. Thus, newer and multiple choices are offered to customers that would force the incumbent to make rapid changes in response. If the incumbent is too slow and becomes fossilized, it must fail. If failure is not permitted, then the system freezes, and innovation stops. The Western World sees massive innovations in the banking sector driven by common people like independent third-party ATMs in stores and petrol stations, pure online banks, narrow functional banks, and the multitude of credit and investment products, none of which go to the Central Bank for approval. In India, if Times Group launches an innocuous international money transfer service using Bollywood actor, Amitabh Bachchan as a brand ambassador, it gets shut down instantly by the RBI.
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With a past record of being an agency actively opposing innovation Reserve Bank of India asphyxiates innovation due to a lack of other oxygen Experimentation Space. Our entrepreneurs should be making consistent innovations and newer experiments, challenging the status quo all the time. But the dark monster in the room called the Reserve Bank of India will never allow it, as two young entrepreneurs in Bangalore found out after being thrown into prison for creating a cash dispensing machine for their own customers. How can the soul of society even tolerate the consideration of a prison sentence for entrepreneurs wanting to improve customer/consumer experience? It is anything but fair that entrepreneurs of India go to prison for innovation in the blink of an eye, when western entrepreneurs can bump even the sitting President of their country, off their platform. It takes no genius to recognize that if bureaucrats are put in charge of innovation, we get neither innovation nor stability. As, is evident by the decay of the banking sector in the peak years of Indian economic growth. From 2000 to 2020, when the Indian Economy was making ravishing strides, our banks were getting saddled with bad debts almost to the point of extinction unless taxpayer's money bailed them out. How ironic? To reclaim the innovative spirit of Indian society in the banking sector, the Reserve Bank of India has to step back. We are a culture that has been provided leading innovation for centuries, and even now our people run the largest corporations in the world with a finesse that is unrivaled. Our nationalization experiment has failed. Our 1935 Central Bank experiment has failed. It is time to recognize the obvious. India needs to rediscover the inner spirit in the banking and finance sector. We need to rejuvenate our souls. We need ordinary people to be empowered by freedoms that can permit creative destruction and experimentation space without fear or favor. If a choice needs to be made between the Reserve Bank of India and Cryptocurrencies, the decision is very obvious.</p></div></div> <div class="columns">
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With a past record of being an agency actively opposing innovation Reserve Bank of India asphyxiates innovation due to a lack of other oxygen Experimentation Space. Our entrepreneurs should be making consistent innovations and newer experiments, challenging the status quo all the time. But the dark monster in the room called the Reserve Bank of India will never allow it, as two young entrepreneurs in Bangalore found out after being thrown into prison for creating a cash dispensing machine for their own customers. How can the soul of society even tolerate the consideration of a prison sentence for entrepreneurs wanting to improve customer/consumer experience? It is anything but fair that entrepreneurs of India go to prison for innovation in the blink of an eye, when western entrepreneurs can bump even the sitting President of their country, off their platform. It takes no genius to recognize that if bureaucrats are put in charge of innovation, we get neither innovation nor stability. As, is evident by the decay of the banking sector in the peak years of Indian economic growth. From 2000 to 2020, when the Indian Economy was making ravishing strides, our banks were getting saddled with bad debts almost to the point of extinction unless taxpayer's money bailed them out. How ironic? To reclaim the innovative spirit of Indian society in the banking sector, the Reserve Bank of India has to step back. We are a culture that has been provided leading innovation for centuries, and even now our people run the largest corporations in the world with a finesse that is unrivaled. Our nationalization experiment has failed. Our 1935 Central Bank experiment has failed. It is time to recognize the obvious. India needs to rediscover the inner spirit in the banking and finance sector. We need to rejuvenate our souls. We need ordinary people to be empowered by freedoms that can permit creative destruction and experimentation space without fear or favor. If a choice needs to be made between the Reserve Bank of India and Cryptocurrencies, the decision is very obvious.</p></div></div>
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@ -392,12 +392,7 @@ Then again, if the parties do not comply voluntarily to the decision made by SAI
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This can be a huge impact for the Future Group as they already lost about 7000 crores in the span of the first three to four months during COVID-19. Also, the company’s debt distress will be worsened now. It already suffered a huge amount of loss due to diversification too soon.
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|
||||
This deal has knocked hard on the Future Group and it might result in the closure of the group if the claims made by Amazon are proven true by the SEBI or Indian Courts.</p></div></div> <div class="columns">
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This deal has knocked hard on the Future Group and it might result in the closure of the group if the claims made by Amazon are proven true by the SEBI or Indian Courts.</p></div></div>
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@ -411,12 +411,7 @@ These measurement instruments which utilize quantum states are present for quite
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A prevalent hurdle in quantum sensing is the dispute between isolating the sensitive quantum states from external disturbances consequently while being able to manipulate the quantum states and expose them to the physical quantity that can be measured. These sensors are theoretically proven to be far more helpful than normal sensors, but they are not commercially recognized for their high prices.
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|
||||
Some commercially accepted products of quantum sensors are atomic clocks and compact gravity meters. To enhance the accuracy of the atomic clocks, the researchers are now turning to atomic transitions at optical or even ultraviolet frequencies, and experimenting with single quantum systems. On the other hand, compact gravity meters are employed for detailed underground mappings like mineral prospecting, geophysical surveys, and seismology.
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The future impact of quantum sensing can be revolutionary in many scientific and commercial sectors. They are projected to enable autonomous driving, detection of minor particles of explosives and poisons, detailed underground mapping, medical advancements, and many more.</p></div></div> <div class="columns">
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The future impact of quantum sensing can be revolutionary in many scientific and commercial sectors. They are projected to enable autonomous driving, detection of minor particles of explosives and poisons, detailed underground mapping, medical advancements, and many more.</p></div></div>
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@ -435,12 +435,7 @@ But, if a path midway is found, then debates should happen, not between just t
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By this, the level of discourse will not only improve, but there will be more talks about gender inequality, climate changes etc.
|
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In conclusion, we should have multiple structured debates between senior leaders across the parties with the topics known in the public forum beforehand mediated by an independent authority.</p></div></div> <div class="columns">
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In conclusion, we should have multiple structured debates between senior leaders across the parties with the topics known in the public forum beforehand mediated by an independent authority.</p></div></div>
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@ -284,12 +284,7 @@
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<div class="column" id='section5'><div class="head"><span class="headline hl3">John Boyko's alligators</span></div><p>John Boyko, a forty-two-year-old electrical contractor, became famous in New York City for rearing three alligators as his pets. The New York Times covered this story in 2003. It may seem uncommon to choose an alligator as a pet, but Boyko found it interesting, and hence in 1994 bought two alligators, Gertrude and Allie, out of curiosity. They also adopted a third gator from a veterinarian and named it Walley. People nicknamed Boyko “Gator Guy” because he had gators but no kids. The menageries spent their winters at Boyko's home in Bridgeport and summers at his mother's place in Shelton. The gators loved riding in Boyko’s convertible the cities, but sometimes became clamored for the front seat. However, people weren't so comfortable with the gators living in the city. Consequently, Bridgeport police raided Mr. Boyko's home after getting complaints from the neighbors. They confiscated the three gators and put them in the city zoo. Later, Boyko spent thousands of dollars in legal fees in trying to get them back. The Department of Environmental Protection rejected his request to keep the three alligators as pets and concluded that they could be a potential threat to other citizens. The local authorities gave him an option to either ship the gators to another state or donate them legally to the Beardsley Zoo. It was during this time that fortunately Betsy Gimbel, a pet lover, helped Boyko to keep his alligators on her property in Pennsylvania, where the laws allowed non-native menageries. Hence, Boyko relocated his gators to Pennsylvania. He drove there from Bridgeport once a week to look after the gators. Later, Gregg Dancho, the zoo director, appreciated Boyko for providing the gators a better home than the zoo. When Gimbel died in 2005, Boyko again struggled to shift the gators to another safe place. Boyko finally bought a home in East Stroudsburg, Poconos, for his reptilian pets. He set up the backyard with a 2,000-gallon tank for them, surrounded by a 6-foot tall stockyard fence. Later, he managed their expenses by having the gators appear in movies. Afterward, Boyko proudly acquired 11 gators, as some of them were either rescued or adopted. Boyko, as a father figure, continued to look after them as if they were his children.</p></div></div><div class="columns">
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<div class="column" id='section6'><div class="head"><span class="headline hl3">Rex, the Nile monitor lizard</span></div><p>Ronald Huff, a forty-two-year-old soldier lived in Newark, Delaware. Huff was a passionate animal lover and had been fond of reptiles since childhood. During his visit to Africa, he came to know about Africa's longest lizard, the Nile lizard. He had always wanted to keep an exotic animal as a pet. The lizards cannot be acquired without a permit from the State Department of Animals. Since Huff was a soldier, he somehow managed to get the permit to keep a Nile monitor lizard as his pet. In 2001, Huff brought a Nile monitor lizard and named it Rex. Rex was 6 feet (1.83 m) long and weighed 25 pounds, had sharp teeth and jaws, and a muscular tail. Huff made Rex a big and elongated cell, but he usually unleashed the pet and allowed it to wander freely all over his house. Huff used to play and roam around his garden with Rex every day, and the neighbors and relatives knew about it. One of his neighbors, Maria, got skeptical when she noticed Ronald’s absence for a week. Out of suspicion, she called the police, and the cops arrived at Huff's house. They could hear a squeaking sound from inside the house. When the cops finally entered the house, they discovered Mr. Huff's body was half-eaten by the monitor lizard, and it was still feeding on his flesh. The lizard ate most of his body parts, including his legs, hands, and partially cleaved his neck. The cops recovered Huff's body and caged the lizard. To date, whenever the cops recall the incident, they get goosebumps because they had never witnessed such a terrifying incident in their lives.</p></div></div><div class="columns">
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||||
<div class="column" id='section7'><div class="head"><span class="headline hl3">Christian, the lion</span></div><p>A lion mother rejected her newborn cub at the Ilfracombe Zoo in Devon, UK. The zoo authorities sold the cub to Harrods department store in London to be used for publicity on Christmas Eve. Ace Bourse and John Rendall, two young travelers, bought the cub from the store and named it Christian. The cub lived with them in Chelsea, London. The cub adapted very well because of its sociable nature. Ace and John created a stable environment for Christian, by providing him the right food and a large basement to live in below the furniture shop where they worked. They looked after it as their child and every afternoon, they used to take Christian to a nearby garden for recreation. Christian grew up quickly, and within months he outgrew his environment. This concerned John and Ace, as the customers started getting scared of the growing lion, and they didn't have another space to move him. One day, Bill Travers, a film actor, came to the shop and found Christian to be charismatic. Hearing about the problems John and Ace were facing, Bill suggested that they contact a Kenyan wildlife conservationist who could rehabilitate Christian to a natural environment. When Christian arrived in Kenya, he faced many challenges, including a hostile environment and the presence of wild lions. He gradually overcame the obstacles thanks to his adaptive nature. A year later, when Ace and John came to meet Christian, he was strong and fully grown. YouTube featured their memorable reunion that got 100 million views. Their extraordinary story influences people to think deeply about the environment, wildlife issues, and animal welfare.</p></div></div><div class="columns">
|
||||
<div class="column" id='section8'><div class="head"><span class="headline hl3">Gypsy, the Burmese python</span></div><p>Jaren Hare was a fourteen-year-old girl who lived in Florida with her parents. She was fascinated to see a small albino Burmese python in the flea market and decided to buy a corn-colored one with her pocket money. She named it Gypsy. Gypsy grew out to be an eight-foot-long snake. After a few years, Jaren was married and she had a baby named Shaiunna. Jaren had immense love for Gypsy. However, things started to get wrong when Jaren began ignoring it. The python used to stay in a terrarium covered by a cloth hooked by a safety pin. Jaren forgot to feed the python for days. Gypsy tried to get out of the tank several times to search for food. One night, the snake glided out of the tank and attacked her 2-years-old baby, Shaiunna. The python bit its face, hands, abdomen and strangled the baby to death. It was reported that Jaren was addicted to drugs and was soporific most of the time. Therefore, we saw how a baby lost its life because of the owner’s negligence. Hence, one should be cautious before petting dangerous exotic animals as the owner's behavior towards the pet plays a crucial role in understanding their needs.</p></div></div> <div class="columns">
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<div class="column" id='section8'><div class="head"><span class="headline hl3">Gypsy, the Burmese python</span></div><p>Jaren Hare was a fourteen-year-old girl who lived in Florida with her parents. She was fascinated to see a small albino Burmese python in the flea market and decided to buy a corn-colored one with her pocket money. She named it Gypsy. Gypsy grew out to be an eight-foot-long snake. After a few years, Jaren was married and she had a baby named Shaiunna. Jaren had immense love for Gypsy. However, things started to get wrong when Jaren began ignoring it. The python used to stay in a terrarium covered by a cloth hooked by a safety pin. Jaren forgot to feed the python for days. Gypsy tried to get out of the tank several times to search for food. One night, the snake glided out of the tank and attacked her 2-years-old baby, Shaiunna. The python bit its face, hands, abdomen and strangled the baby to death. It was reported that Jaren was addicted to drugs and was soporific most of the time. Therefore, we saw how a baby lost its life because of the owner’s negligence. Hence, one should be cautious before petting dangerous exotic animals as the owner's behavior towards the pet plays a crucial role in understanding their needs.</p></div></div>
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@ -604,12 +604,7 @@ The government can issue bonds to borrow money - It may be convenient for countr
|
||||
|
||||
|
||||
|
||||
It might be controlled through money printed by the RBI - It directly depends on the taxation policy of the government and the income of individuals. Higher-income people help them to save more as compared to lower-income. In the long run, government spending must be controlled with low spending commitments and by remarkably reducing spending to sustainable levels.</p></div></div> <div class="columns">
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||||
<span style="float:right">
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</span>
|
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</div>
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||||
It might be controlled through money printed by the RBI - It directly depends on the taxation policy of the government and the income of individuals. Higher-income people help them to save more as compared to lower-income. In the long run, government spending must be controlled with low spending commitments and by remarkably reducing spending to sustainable levels.</p></div></div>
|
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@ -416,12 +416,7 @@ The United States and India have a long way to go in building a long-lasting, su
|
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|
||||
|
||||
|
||||
Unfortunately, India isn't able to build such a reciprocal gesture. We are careful to not lose the forest for the trees. There's still plenty to be positive about in the U.S. - India relationship. Each country could also move</p></div></div> <div class="columns">
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||||
<span style="float:right">
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<span id="article-vote">Vote</span>
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</span>
|
||||
</div>
|
||||
Unfortunately, India isn't able to build such a reciprocal gesture. We are careful to not lose the forest for the trees. There's still plenty to be positive about in the U.S. - India relationship. Each country could also move</p></div></div>
|
||||
</div>
|
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|
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@ -331,12 +331,7 @@ According to Dr. Maria Meira, Director of WHO department of environment, clima
|
||||
breathe polluted Air on a daily basis. According to the most recent data released by State of Global Air 2019, Air Pollution is the fifth leading risk factor for mortality globally leaving behind the other well-known risk factors of death such as alcohol use, malnutrition, and physical inactivity. Air Pollution reduced the life expectancy by 1 year and 8 months. In 2017, on an average worldwide and around 3.6 billion people that is nearly a half of the total world's population were exposed to household air pollution.
|
||||
|
||||
|
||||
Nevertheless, Death of Ella kissi- Debrah at the age of 9, Sparkle the foglamp on toxic quality of air. This could raise an important legal step and makes the stronger point that the toxic air is being consumed by the people every day. WHO has summoned a global platform to reduce air pollution and its impact on health and climate. The organisation is also leading an Urban Health Initiative and is taking effective urban air pollution controlling actions. It is also spreading awareness among the people to the surging need for taking actions to curb the air pollution and its effect on climate and health.</p></div></div> <div class="columns">
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||||
<span style="float:right">
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||||
</div>
|
||||
Nevertheless, Death of Ella kissi- Debrah at the age of 9, Sparkle the foglamp on toxic quality of air. This could raise an important legal step and makes the stronger point that the toxic air is being consumed by the people every day. WHO has summoned a global platform to reduce air pollution and its impact on health and climate. The organisation is also leading an Urban Health Initiative and is taking effective urban air pollution controlling actions. It is also spreading awareness among the people to the surging need for taking actions to curb the air pollution and its effect on climate and health.</p></div></div>
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@ -383,12 +383,7 @@ Trade balance with ASEAN FTA has worsened in thirteen out of twenty-one sectors,
|
||||
India’s trade deficit with the bloc has risen from $9 billion in the financial year 2005-06 to $83 billion in the Financial Year 2017-18. India has a trade deficit with as many as 11 RCEP countries and China is responsible for almost half of India’s trade deficit. China has grown 13% imports, while India has grown 26% of imports from China since 2004. This led to a widening gap of trade deficit. Since 2006, exports to RTA partners have increased by 13% which is almost the same trend as non-partner countries.
|
||||
|
||||
|
||||
This trade asymmetry is mainly compounded by the nature of goods flow. India exports primary materials such as Iron ore, Cotton, and minerals whereas imports a wide variety of sophisticated products higher up in the value chain. India’s trade basket is not much diversified as compared to other Asian countries. Also, the utilization rate of RTAs by exporters of India is only between 5 -25%. This had implications for the domestic trade as well. Recently, Farmers from South India have argued that they can’t contend with spices and vegetable oil from Southeast Asian countries.</p></div></div> <div class="columns">
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This trade asymmetry is mainly compounded by the nature of goods flow. India exports primary materials such as Iron ore, Cotton, and minerals whereas imports a wide variety of sophisticated products higher up in the value chain. India’s trade basket is not much diversified as compared to other Asian countries. Also, the utilization rate of RTAs by exporters of India is only between 5 -25%. This had implications for the domestic trade as well. Recently, Farmers from South India have argued that they can’t contend with spices and vegetable oil from Southeast Asian countries.</p></div></div>
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</div>
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</div>
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</div>
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@ -346,13 +346,8 @@ The amalgamation of the offline and online retail under one brolly would result
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Walmart India paid INR 4,451 crores in paying for property in exchange, which illustrated about 85% of the company's total expenditures. The previous year, the organization had paid 88 % of its expenditures on the same. Investment of property in exchange has always been one of the important sectors of expenditure for Walmart India as these are finished interests that support the organization in administering its company.
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Walmart India’s US parent, Walmart had reported a 5.6 % increase in its revenue to $137.7 billion from $130.4 billion for July 2021 financial year. However, its international business witnessed a fall of 6.8 % partly due to the Covid Pandemic in India. Walmart International had reported net sales of $27.2 billion for the May-July quarter down for $29.1 billion to the May-July quarter of Financial Year 2020. Flipkart has aforementioned that its monthly active customers figure streamed 45% in the financial year that led to March 2020, as compared to the previous year and these happy customers are making 30% more transactions now. The 13-year-old firm said it recently surpassed a data of 1.5 billion visits per month. According to a report by consultancy firm RedSeer, Indian retail is anticipated to grow to $1.3 trillion by 2025 at a 6 % Compound Annual Growth Rate (CAGR).</p></div></div> <div class="columns">
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<span style="float:right">
|
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<span id="article-vote">Vote</span>
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<i class="fa fa-thumbs-o-up" aria-hidden="true" style="padding-left:0.5rem; cursor:pointer" id="article-thumbs" onclick="clickProcess(this)"></i>
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</span>
|
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</div>
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</div>
|
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Walmart India’s US parent, Walmart had reported a 5.6 % increase in its revenue to $137.7 billion from $130.4 billion for July 2021 financial year. However, its international business witnessed a fall of 6.8 % partly due to the Covid Pandemic in India. Walmart International had reported net sales of $27.2 billion for the May-July quarter down for $29.1 billion to the May-July quarter of Financial Year 2020. Flipkart has aforementioned that its monthly active customers figure streamed 45% in the financial year that led to March 2020, as compared to the previous year and these happy customers are making 30% more transactions now. The 13-year-old firm said it recently surpassed a data of 1.5 billion visits per month. According to a report by consultancy firm RedSeer, Indian retail is anticipated to grow to $1.3 trillion by 2025 at a 6 % Compound Annual Growth Rate (CAGR).</p></div></div>
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</div>
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</div>
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</div>
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@ -693,13 +693,6 @@
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positive impact through a commitment to explore applications of self.</p>
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</div>
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</div>
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<div class="columns">
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<span style="float:right">
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<span id="article-vote">Vote</span>
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<i class="fa fa-thumbs-o-up" aria-hidden="true" style="padding-left:0.5rem; cursor:pointer"
|
||||
id="article-thumbs" onclick="clickProcess(this)"></i>
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</span>
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</div>
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</div>
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</div>
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</div>
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|
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@ -441,12 +441,7 @@ In-Memory Computing
|
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|
||||
|
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|
||||
Therefore, the digital revolution is considered a disruptive innovation in the field of technology advancement. All these digital trends have attracted particular attention from society and private defense stakeholders. Right from pharmaceutical to agriculture, technology disruption is a key ingredient of digital revolutionary trends in business that has the potential to change business practices, it’s processing, and services. Products like wearable technology or fashion technology, sensors enabling technology, or advanced technology such as the internet of things, artificial intelligence, systems as well as logistics technologies, robotics, computer simulation, nanotechnologies or neuroscience, etc., illustrate the impact of digital drift in almost every industry.</p></div></div> <div class="columns">
|
||||
<span style="float:right">
|
||||
<span id="article-vote">Vote</span>
|
||||
<i class="fa fa-thumbs-o-up" aria-hidden="true" style="padding-left:0.5rem; cursor:pointer" id="article-thumbs" onclick="clickProcess(this)"></i>
|
||||
</span>
|
||||
</div>
|
||||
Therefore, the digital revolution is considered a disruptive innovation in the field of technology advancement. All these digital trends have attracted particular attention from society and private defense stakeholders. Right from pharmaceutical to agriculture, technology disruption is a key ingredient of digital revolutionary trends in business that has the potential to change business practices, it’s processing, and services. Products like wearable technology or fashion technology, sensors enabling technology, or advanced technology such as the internet of things, artificial intelligence, systems as well as logistics technologies, robotics, computer simulation, nanotechnologies or neuroscience, etc., illustrate the impact of digital drift in almost every industry.</p></div></div>
|
||||
</div>
|
||||
</div>
|
||||
</div>
|
||||
|
||||
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Reference in New Issue
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