China’s Debt Trap Diplomacy in Africa

China initiated trade relations with African countries way back in 1970. Their motive was primarily strategic, i.e., creating new allies and expanding its global influence against the west, mainly the United States. African countries are the perfect victims of China’s predatory lending policies. They are capital-poor and are desperate for an influx of investments to grow and compete with the Western world.

The goal of the African Continental Free Trade Area was to break away from its colonial routes and begin trading and competing with various countries from different continents. However, the most significant benefit of this FTA was reaped by Communist China and its crony-capitalist policies. China expands its network through this FTA through new loans, trade deals, and military support. Chinese companies are dominating transportation and infrastructural development projects in Africa. According to a McKinsey Africa report, about 50% of Africa’s engineering, procurement, and construction contracts were given to Chinese companies. Africa’s extractive economy depends on its natural resources, raw materials, and primary goods. Low production values and infrastructure gap in Africa force African countries to export these commodities to China to be converted into finished goods and imported back to Africa. China also lends money to African nations to create infrastructure and improve connectivity. African countries give China exclusive access to their resources, like mining rights in Hwange National Park in Zimbabwe.

China’s Belt and Road Initiative (BRI) aims to improve regional integration, increase international trade, and stimulate economic growth by connecting Asia, Africa, and Europe via land and sea. The BRI is often referred to as “debt trap diplomacy.” China appears to be giving emerging countries questionable loans for growing capital to strategically use the recipient country’s debt to China for economic, military, or political gain. The ownership swap of Sri Lanka’s Hambantota port, in which China has forgiven Sri Lanka’s massive debt in exchange for a long-term lease of the port in 2017, is a well-known example of this.

Why Loans from China?

Using confidentiality clauses, China seems to be very secretive in its lending policies. It offers far less transparency compared to international lending agencies such as IMF. China must use more competitive interest rates compared to these organizations for African countries to so enthusiastically borrow from them.

What Might Happen in Case of Default?

As in the case of Kenya’s multi-billion dollar railway project and Sri Lanka’s Hambantota Port, China seizes control over these assets, i.e., all the revenue generated from the operations of these projects is credited to China’s EXIM bank. There is no formal judicial process in case of loan default as it is in international organizations and other Western countries. The secret contracts enable the Chinese Exim Bank to control these assets.

Does China overlook human rights violations and labor exploitation when giving loans that other countries may not overlook? Is this ethical?

Most of Africa missed out on the industrial revolution. Therefore, the lack of capital accumulation and the lack of growth (as stated by various development economists such as Solow, Meade, and Robinson) have been the primary cause of the backwardness of most African economies. This has resulted in the backwardness of physical and human capital in education, skill, and health. China saw the potential to exploit cheap and abundant labor in Africa. More liberal Western countries lean towards protecting employees and safe working conditions. However, a country like China is ruthless when capitalizing on the low labor cost for procurement and activities.

The ethics dimension of the Africa-China relationship is always under question. It can be compared to how the Europeans ruthlessly colonized African, Asian, and Latin American countries and exploited their resources and manpower for their gains. There are both advantages and limitations to China’s lending policies toward Africa. On the upside, countries are moving towards a stage of economic development with capital accumulation and mobility. At the same time, on the downside, prosperity is still not very high due to exploitation.

Everyone wants to become prosperous fast, but is it possible? Should countries live within their means?

There is no congruence between the growth of Africa and that of the rest of the world. However, there is a fine line between growth, development, and prosperity. A country can grow economically, but it may not be developing. A country may be developing, but it may not be prosperous. African nations must keep in mind that improving prosperity is a gradual process. Upliftment of the poor takes time. According to Gunnar Myrdal’s theory of Circular Causation, there is a backwash effect between China and Africa which means that savings are gradually being siphoned off from poor regions to richer ones.

In the 21st century, countries can’t live within their means. A state of complete autarky can not lift a nation from economic backwardness. A country needs investments and the accumulation of capital to grow. Citing another development economics theory, namely “The Big Push Theory” given by Rodenstein Rodan, a large amount of minimum investment is required to overcome development obstacles in an underdeveloped economy to set it on the path of development. This is where China plays a vital role. China brings in high amounts of investments to push African Economies towards the course of development. International Lending Agencies and Western Countries may be hesitant to invest a significant amount in such emerging countries.

How much leverage is acceptable?

China’s primary aim in Africa is to create allies. African nations risk losing control of their assets due to leverage. However, African countries don’t have many alternatives. Even they need to progress to meet their domestic consumption requirements and increase their international competency. That said, they can not keep increasing their debt just because there are no judicial ramifications. The only thing at stake is the control of assets, which Africans use daily to earn their bread. From Africa’s point of view, a high level of external debt to China is not wrong because of the conditions and clauses involved in their lending. The fact that 88% of Djibouti’s GDP stems from Chinese investments reflects that China has an overwhelming contribution to the economy of such nations. Such a high debt to GDP ratio is not sustainable for any country, and this should serve as an example to other African nations to keep a check on borrowings and the terms and conditions laid out in the contract of loans taken from Chinese institutions.

What sort of reforms and fiscal discipline are required for a strong economy?

Fiscal discipline necessitates governments maintaining fiscal positions compatible with macroeconomic stability and long-term growth. Excessive borrowing and debt buildup should be avoided for this reason. At the same time, authorities must be cautious when it comes to attaining resource allocation and distributional goals and smoothing out output fluctuations. Creating financial buffers is also necessary to respond to both unpleasant shocks and predictable fiscal pressures, such as those caused by high levels of population growth.

The track record of fiscal management in achieving these many goals has been uneven. Weak fiscal discipline, which reflects deficit and debt sustainability issues, has frequently jeopardized stability and growth and, in the worst situations, has resulted in economic and financial disasters. Furthermore, while output stability would necessitate countercyclical fiscal policy, governments tend to favor procyclical discretionary expenditure increases and tax cuts when the economy is performing well. While the countercyclical fiscal policy may be beneficial in “hard times,” urgent deficit and debt sustainability issues make such policy difficult, if not impossible. Procyclicality becomes a significant underlying factor of poor budgetary discipline in good times.

Budgetary discipline is required to maintain overall economic stability, reduce susceptibilities, and improve economic performance. If governments are to benefit from the opportunities provided by increasingly free trade and open capital markets to improve their long-term economic prospects, fiscal discipline is required. They must, however, decrease their exposure to market sentiment fluctuations and capital flow volatility to reduce the likelihood of debt crises.

How can the global community help small, vulnerable countries? Can some frameworks be put in place to control the predatory instincts of China?

For emerging countries, the current structure of international economic organizations has proven insufficient. A positive examination focused on equity, sustainability, and social prosperity is required. Essential international organizations must be reconfigured to reflect inclusion and representative coverage now that different leaders are at the table. Allowing the African Union to join an expanded Group of Twenty (G20) would act as a catalyst, reshaping global policy and allowing for a more inclusive and sustainable world. African and other countries must look for alternatives that would allow them to be independent, as Western and Chinese policy initiatives have shown that their operations do not benefit the host countries.

Concluding Remarks

The credit line extended to other emerging countries is predatory, not benevolent. To begin with, the contracts with the host countries are murky. Contracts frequently include stipulations ensuring that contracts for infrastructure projects are awarded to Chinese businesses and that the labor engaged in these projects is Chinese rather than local. These contracts ensure that a considerable portion of the money returns to China. As manufacturing possibilities decline in China, the country’s large labor force is repurposed and does not become a burden on the Chinese economy.

In many ways, the plan is comparable to what Imperial Britain achieved by establishing colonies, albeit more subtle and with minor tweaks as the CCP adapts it for the twenty-first century. While initially appealing to poorer countries, China’s offering to fund infrastructure projects frequently becomes a trap for them. The projects do not generate enough cash for the host countries to repay their debts to China. China collects its debt by seizing control of the host country’s essential infrastructure, giving it a long-term strategic advantage. These countries’ only hope is that China agrees to rework the contracts, which China typically refuses to do.

Sri Lanka is in debt but what now?

Five lakh individuals in Sri Lanka are estimated to have dropped below the poverty line since the outbreak, which the World Bank termed as “a major setback comparable to five years’ worth of development.”

According to the Census and Statistics Department said year-on-year inflation in December was the highest since the National Consumer Price Index (NCPI) was established in 2015. It said food inflation also hit a record 21.5 percent, up from 16.9 percent in November and 7.5 percent a year ago.

In order to feed people who are most in need, shops have already been reducing staples like milk powder, sugar, lentils, and other items for months. A government executive issued warnings about more limitations last month. Due to COVID-19’s devastating effects on the tourism industry, which have left countless numbers of people jobless, unemployment is also extremely high in the nation.

Sri Lanka has started talks with the International Monetary Fund (IMF) to salvage the economy and lessen the suffering of the people.around June IMF representatives visited Sri Lanka’s capital city of Colombo and had meetings with government representatives about economic reforms and policies that may be supported by an IMF Extended Fund Facility arrangement.
In addition to current discussions with the IMF, Sri Lanka is in discussions to create an assistance partnership with China, Japan, and India. Up to this point, India has given Sri Lanka aid of almost $3 billion, along with a $400 million exchange and $1.5 billion in outstanding loans.

The Night Economy

Do you like going to films or clubs with your loved ones at night too? Events or concerts are usually after 5 pm or the nightlife to be precise and that is what the ideas of the night economy are. Huge cities with upbeat nightlife usually have more profit than any daytime industry.

The foundation of a night time economy that benefits everyone is cooperation. It involves bringing together all interested parties, including city planners, designers, builders, managers, investors, community organizations, governmental agencies, private industries, and tourism organizations. The nocturnal economy can then encourage inclusiveness and social harmony. Develop the creative and artistic sectors.Bolster regional economies with money.Expand the cultural and tourist offerings.
Give nighttime employees access to transportation and vital services.

Some of the daytime demand will move to the night if the industry starts to operate on a night shift; for example, if you opt to go grocery shopping at 1am on a weekday rather than on Saturday. This is a substitute that does not increase productivity overall, but it is beneficial since it will relieve daytime traffic congestion in a country like India. New economic activity, such as companies that add another additional shift, as well as the development of new firms and business models will result in increased production.

Reasons why Indian startups are failing.

Think big, think fast, think ahead. Ideas are no one’s monopoly.

Reliance

Layoffs in celebrated startups such as Meesho, Byjus, and Unacademy are one of the most controversial news in coming times. Despite Indian start-up being bagged with $36 billion funds in 2021 and within a year of India’s startup ecosystem, $41.4 billion was invested, and 42 new unicorns emerged.

The foremost probable reason could be the product-market fit. It is a known fact that the labor costs in India are very low. Thus, the grocery store or medical store will deliver it to the doorstep free of cost unlike dunzo who may charge a good amount of rupees, and practically it is not feasible to use it for daily ration goods unless it’s a known company like amazon.

The second one is squandering companies in the sense of taking all of the money from investors like spending on IPL advertisements when the cost is a lot more than the company’s revenue. Prey to regulations could be another reason behind the downfall and those who are too ahead of their time can bring out problems in the resources which are yet not available in the market.

BITCOIN VS GOLD: WHAT IS THE FUTURE OF INVESTMENTS?

By Moksha Grover

Today, most people have shifted their focus toward investments for the purpose of strengthening their financial position. While there are many ways to strengthen one’s financial position, investment is considered to be the most apposite way. The covid pandemic has taught us a lot about different aspects of life. However, most importantly it has highlighted our way of savings and investments. During tough phases like lockdown, almost everyone suffered financially and was forced to make compromises within their lifestyle. Only those who made wise money decisions at the right time were left uncompromised.

During the pandemic, it was observed that more and more people started investing in safe-haven assets. The most popular safe-haven investment during the covid pandemic has been gold. Gold investments, as we all know, are said to give good returns most of the time. It is also viewed as one of the safest options for investments. However, nowadays, investment in gold is being challenged by cryptocurrencies. Cryptocurrencies are now being regarded as the new hot cake in the world of investments and are said to give even more returns than gold. The most trending and successful cryptocurrency is Bitcoin.

WHAT IS BITCOIN?

Bitcoin is termed a digital currency which is free of any central control or the oversight of banks or governments. Instead, it depends upon peer-to-peer software and cryptography. It is also known as digital gold because its properties are very similar to that of gold. Like gold, bitcoin too has a fixed supply and derives its value through its limited supply and growing consumer demand. Some of the pros and cons of this cryptocurrency are: –

PROS

  • Since bitcoin is entirely digital, it can be easily sold a transferred to another person’s account.
  • Bitcoin has the potential to give higher returns on investments because of its growing market.
  • Bitcoin can be used as a currency everywhere. It can be used for payments at any store that accepts bitcoin.
  • Investing in bitcoin now could lead to big payoffs down the road. Because bitcoin is an emerging investment and has the potential to increase in value.

CONS 

  • There is a greater degree of risk involved in bitcoin as it is extremely volatile and susceptible to large fluctuations.
  • Bitcoin is subjected to scams or stealing as it is completely digital and so web-based wallets have the possibility to be hacked.
  • Bitcoin’s value is totally dependent upon the phenomena of demand and supply. If the demand for other cryptocurrencies increases more than the demand for bitcoin, its value can decrease.

WHAT IS INVESTMENT IN GOLD?

Gold is a valuable yellow metal and is used for various consumer goods such as jewellery, and it is not in abundance. Gold is a must for all the special occasions in India ranging from weddings to other special functions. In fact, one of the largest markets for gold is found in India. Gold has a big significance in the country’s cultural value and is considered to be a store of value, a symbol of wealth and status and a fundamental part of many rituals. Investment in gold gives fruitful results most of the time. Some of the pros and cons of Gold investments are: –

PROS

  • Investment in gold is always a stable option as its value increases over time; even if the economy gets into recession, its value will not decrease.
  • If you have your gold stored in a precious metals IRA, it will be stored in a specific, safe vault that is overseen by a custodian who will manage your account. These accounts are often insured up to a certain amount, much like a traditional bank account, so you can rest easy knowing your investment is safe[1].
  • Gold is considered to be an ideal baseline for trading purposes and is being used up as long as civilizations have been around. So it is durable in nature.

CONS

  • Gold can be used as a currency only during an economic crisis. It cannot be used as a currency to buy something in normal times.
  • When you invest in gold you need to keep that physical item stored carefully and safely.

DIFFERENCE BETWEEN BITCOIN AND GOLD

CHARACTERISTICSBITCOINGOLD
Legality, Transparency and safetyBitcoin has safety issues and is not that transparent and legalGold ranks above bitcoin in safety, legality and transparency.
VolatilityBitcoin is extremely volatile. It is more susceptible to market whims and newsGold is a safer asset and is less volatile
Baseline ValueBitcoin has less baseline value as it is based on a full banking system and many people don’t have access to online banking services.As gold is used in a variety of ways, therefore, it has more baseline value than bitcoin.
RarityRareRare
LiquidityLiquidLiquid

WHICH TYPE OF INVESTMENT SHOULD BE CONSIDERED? GOLD OR BITCOIN

According to billionaire Ray Dalio, bitcoin is just a digital version of gold but he prefers physical gold over bitcoin. “If you put a gun to my head, and you said, ‘I can only have one,’” says Dalio. “I would choose gold.” Here’s why he prefers investment in gold over bitcoin[2].

  • Gold has thousands of years of historical record as a store value and doesn’t face the same competition risks as bitcoin has
  • Unlike bitcoin, gold is very less volatile. Its volatility is just one-fifth of the volatility of bitcoin.
  • Cryptocurrencies can never replace metals like gold and silver as they are being used for centuries in every corner of the world and have a very strong economic standing as compared to bitcoin. So Cryptocurrencies like bitcoin can only help increase the value of these metals but cannot replace them.
  • Gold has offered a very high degree of longevity but such degree of longevity offered by bitcoin is highly questionable.

FINAL VERDICT

Both bitcoin and gold have their own advantages and disadvantages. For now, it is very hard to predict whether an investment in gold will result in better returns or investment in bitcoin. Bitcoin, today is said to be giving more returns than gold. It is alleged that Bitcoin’s market cap will surpass gold’s market cap by 2030. However, nothing is for sure now. Many people prefer gold investments, at the same time many people have shifted towards investments in bitcoin. Bitcoin has a fantastic upside and limited downside, while gold has a more traditional risk-reward balance[3]. Bitcoin is good for short-term investments and getting high returns on it and gold is good for long-term investments and gives relatively lower returns than bitcoin. It is completely the choice of the investor regarding the kind of investment he/ she wants to take up. An investor can invest in bitcoin or gold or in both. It is completely the choice of the investor. But it is advisable to invest in both bitcoin as well as gold as it will help you diversify your investments and increase your chances of high returns.


[1] ‘BITCOIN VS GOLD: WHICH IS BETTER?’, NATIONWIDE COIN & BULLION RESERVE < https://nationwidecoins.com/bitcoin-vs-gold-which-is-the-better-investment/> accessed 11th September 2021

[2] Jade Scipioni, ‘Bitcoin vs. gold: Here’s what billionaire Ray Dalio thinks, make it (4th August 2021) < https://www.cnbc.com/2021/08/04/bitcoin-vs-gold-heres-what-billionaire-ray-dalio-thinks.html> accessed 11th September 2021

[3] Ravi Singhal, ‘Gold vs Bitcoin: Which one is a better option for investment?’, The Economic Times (8th August 2021) <https://economictimes.indiatimes.com/markets/cryptocurrency/gold-vs-bitcoin-which-one-is-a-better-option-for-investment/articleshow/85148997.cms?from=mdr accessed 11th September 2021

The Dark Side of Electric Vehicles.

Electric Vehicles (EVs) are hailed and promoted by governments and car manufacturers as the technology decarbonizes the transport sector. In India, transportation sector emits an estimated 261 tonnes of CO2, of which 94.5% is contributed by road transport. According to World Health Organization (WHO), among the 20 most polluted cities in the world, 14 are Indian cities. Moreover, the fuel prices have increased sharply since the last year and are predicted to increase further because of the Russian invasion on Ukraine.

All these reasons have made people to turn to electric vehicles as the government has provided incentives to people by introducing subsidies. Under section 80EEB, a total tax exemption of up Rs 1,50,000 can be availed when paying off the EV loan. This tax exemption is available for both 4-wheeler and 2-wheeler EV purchases. So, the future looks bright for EVs; but this future will not arrive without an environmental cost. The market for EVs, in the developed world has increased rapidly in not less than a decade.

Photo by Mike on Pexels.com

The EV manufacturers market them as ‘clean and green’ technology that hides the dark side of EVs, which consists of embodied emissions, lithium, cobalt and many sustainability and ethical issues.

While EVs produce no direct exhaust pipe emissions, the production, distribution and disposal of EVs are highly poisonous. The production of an EV involves many of the same polluting processes as an Internal Combustion (IC) engine but the only difference is that it uses lithium-ion and cobalt batteries to power the shafts. The processes involved in making EV batteries is where the ‘green’ image of EVs starts to fall apart.

Photo by Pixabay on Pexels.com

The lithium-ion battery supply chain stretches from Europe to Latin America and Africa. Over half of the earth’s lithium resources are found in the so-called Lithium Triangle which spans across Bolivia, Argentina and Chile. Lithium mines have an environmental impact through their destructive extraction processes. Landscapes are dug up and scarred, habitats can be destroyed, and chemical runoff can cause severe water pollution. Mining for lithium also consumes a tremendous amount of water, about 2000000 litres per tonne of lithium. This has caused water shortages in Chile, leaving them no enough water for daily-public use.

Cobalt is another key ingredient for the lithium-ion battery. Cobalt resources are concentrated in the Democratic Republic of Congo where numerous cases of human rights abuses have been filed in the country’s cobalt mines: unmitigated health risks from the working environment, child labor etc. Battery sustainability issues do not end there. At their end-of-life, the batteries mostly end up in in landfills. No effective disposal technique is adopted because it is currently cheaper to extract new raw materials for batteries than it is to reuse old batteries.

Putting things into perspective, EVs are much better for the environment compared to IC engines as the decarbonize transport sector, but we should be careful about their framing as a solution. So, EVs cannot be regarded as the ‘perfect’ replacement for fossil fuel-run engines in contrast to what they are advertised of being but awareness calls for the fact that the nature is letting people choose between bad and worse at this point of time in history.

Tourism in India

“Only one who wanders finds new paths” is a beautifully written proverb.Travelling helps people to get exposed to new places,meet new people, come across their stories, gain experience and sometimes to move out of a hectic boring lifestyle and doing something new and adventurous.

Its well said that India has its ‘Unity in Diversity’ but its not only about religion, culture, art forms and languages.India has diverse geography, numerous historical monuments and a wide variety of trades.From trekking in mountains of Ladakh to boating in the backwaters of Alleppey ,from experiencing nature with a closer view at Kaziranga National Park to sandy beaches and crazy nights in Goa, India truly is a nature’s gift.The variety of linguistic and ethnic groups forms its racial diversity.There is diversity in religion, political beliefs and even the climate of the country from north to south. All these factors attract tourists from all over the world.

Tourism is a flourishing industry in India. People from all over the world are attracted to different tourist destinations of the country.  Some of the major tourist attractions are Taj Mahal in Agra, The holi city of Varanasi, The Golden Temple of Amritsar ,The Gateway Of India, Amer Fort, Konark Sun Temple , Qutub Minar , Fatehpur Sikri , Char Minar etc.

The Ministry of Tourism established 25th January as National Tourism day in order to educate people about the benefits of traveling and to spread awareness about the importance of tourism for raising the country’s economy. Travel and tourism sector is one of the key contributors to the Indian economy,Tourism in India contributes around 4.7% in the total GDP of the country according to statistics of 2020. However, the Covid-19 pandemic has negatively affected India’s growth in tourism as the flight services were barred due to the spread of covid-19 virus.

Tourism has benefited the country in several ways like increasing the job opportunities , improved quality of life for locals, assistance to locals with their daily income since they can open small businesses and petty shops, restaurants, transport business and other commercial businesses like shopping malls and hotels. It also contributes to national integration and international friendships and is also a source of earning foreign exchange.

Despite offering so many perks, India’s tourism is still lagging behind.The reasons are over priced taxis and delayed trains making traveling unaffordable and uncomfortable.The absence of decent and hygienic accommodations are adding to the problems.Bad roads,filthy environment make tourists suffer a lot.Besides these problems tourists are often exploited by guides,tour and tourist operators.Usually foreign tourist become victims of theft,kidnapping and other crimes.

Not to forget about the pandemic, which has affected the economy to a great extent.Despite all these difficulties India is recovering over the losses of trades and damage to the economy.

As the 7th largest country in the world, India stands apart from the rest of Asia as India’s potential for tourism is vast.Tourism has promoted national integration and is a highly labour intensive industry. Therefore measures should be taken to strengthen it. Ancient monuments should be protected, traveling should be  made safer, accommodation facilities should be readily available. More infrastructure needs to be developed to attract tourists. ‘Incredible India’ campaign should be strongly promoted. It has become a matter of paramount importance if tourism needs to keep flourishing in the country.

Why Using A Financial Advisor Is The Best Choice For Your Next Investment Property?

As Benjamin Franklin accurately stated, “If you fail to plan, you are planning to fail.” You may have numerous distinct financial objectives that you want to achieve, but in order to achieve them at the ideal time in life, you must have a financial plan in place at the earliest.

Let’s face it: not everybody has the time or inclination to master finance. Nonetheless, being able to handle one’s personal and household money is becoming increasingly crucial in today’s world.

Nonetheless, don’t be alarmed! Hire finance advisors Richmond for peace of mind without constantly worrying about the ever-changing laws, economic conditions, or available financial goods.

Regardless of whether you plan to use the home as a primary residence or if you are only interested in the return on your investment, we always suggest that you engage with Melbourne finance advisors throughout your financial journey.

The Benefits Of Working With A Financial Advisor When Buying Your Next Investment Property

An investment advisor can help you make better financial decisions. A financial advisor may help you by educating and encouraging you as you strive toward your property investment objectives. Consider them your own coach and cheerleading team.

A skilled financial planner serves as a guide as you travel through life. Finance advisors Richmond essentially assist you in gaining control of your revenue, spending, and assets, making it easier to manage your funds and fulfil your dreams. 

Here are six key reasons for working with a financial advisor when buying your next investment property.

Knowledge and Experience

For those who have never invested in real estate before, the process can be daunting and time-consuming. To find the property that meets your needs and provides the promised returns on your investment, you will need the expertise of an investment property mortgage broker.

Making an informed financial decision doesn’t have to break the bank, which is what investment property brokers can help you avoid doing. They assist you in avoiding the kind of decision-related mistakes that often result in disappointment. The selection of property is, in reality, the deciding factor between a successful investment and a bad one when it comes to property investments.

Market Analysis

It doesn’t matter how many years of investment experience someone has if they don’t have correct facts to back it up. Melbourne finance advisors can estimate whether or not your home will be profitable year after year by evaluating the purchase price, including yearly appreciation considerations.

Rents that are either too high, too low, or exactly in line with your financial strategy goals may be discovered with a fast look at national, state, and local statistics. When you have the guidance of a professional who can provide you with reliable and economical advice, getting the most profit out of your home is made a bit simpler.

Voice Of Reason

A skilled financial advisor will assist you to start investing if you have been putting it off, or help you do it with more clarity if you have been doing it by yourself. They may propose an appropriate portfolio to help you achieve your objectives and explain how it suits you into the long-term strategy they have developed for you. They may also assist you with managing your finances so that you do not make judgments based on your emotions. 

Many investors sell their failing investments rashly when their properties face major losses. However, as a result, you are converting paper losses into permanent damage. The competent finance advisors Richmond will help you stay focused, diligent, and steady with the measures you need to implement to increase your fortune. They can be a voice of reason that encourages you to look at your assets with a long lens since they can stay psychologically impartial.

Investment Strategy

A normal call or appointment with a financial planner should begin with a discussion of your financial goals, problems, and patterns. Investment property brokers recognise your long-term goals and can help you manage your finances to achieve them, whether you want to buy as many properties as possible, decide which to settle off first, or what to do with the profits.

Your financial advisor will use the data obtained and analyse the state of your assets and assist you in gaining a better knowledge of where your wealth is and how to manage it. Your advisor will be able to determine the return on the equity you will need to accumulate to achieve your goals within the timeframe you have set. Finance advisors Richmond, such as an investment consultant, can assist you in not just accumulating money, but also in protecting it over time.

Accounting Guidance

Accountants are a great resource for helping you understand how to take advantage of tax reductions on your earnings. These specialists, however, are unable to provide you with guidance on “how” to boost the revenue that you already make. You may be paying more in taxes because your assets are dispersed throughout numerous jurisdictions rather than concentrated in a single place.

If you want to build your net worth, you have to consider the potential tax consequences of every investment you make. Regularly reviewing your tax returns with Melbourne finance advisors might help you identify patterns of increased taxes that could save you money in the long run.

Portfolio Management

If you are an experienced investor with a growing portfolio, you’ll benefit most from working with a financial advisor to look after your investments. Your property investment portfolio can be evaluated by a financial planner who has specialised in property investing in the same manner that they evaluate your stock or retirement accounts.

You and the rest of your team will know when it is time to expand your property portfolio and ensure that it is performing as you had hoped. Some assurance may be gained by working with an expert investment adviser, who can advise you on the best time to acquire new properties, list an asset for sale, balance your property investment holdings, and so on.

Conclusion

Finance advisors Richmond will arm you with the knowledge and opportunities you need to create, expand, and maintain a successful real estate portfolio. Hire the most skilled Melbourne finance advisors now and ensure a seamless investment experience!

Why Great Leaders Also Make Great Leadership Speakers

Great leaders also make great leadership speakers. After all, leaders are made now and then, but only a great leadership speaker manages to charm, motivate and enthral a large group of people into a new path. If you delve into this theory a few times, it may start to make some sense. But let us give you a clear idea.

What Makes A Great Leader?

You are a good speaker when you teach your students or give good advice to your friends, but does that make you a leader or a leadership speaker? What you have to understand is that great leaders, as we know, are made, through mistakes, experiences and knowledge. 

When we think about great leaders, what traits do we associate first? Charisma, charm, confidence, leadership quality and hope for a better future. All of this pertains to what makes a leader so popular. 

Yet, how can we know these traits of the great leaders who have gone before us and those who are rising today? We recognise their personalities through their demeanour, appearance, and most importantly, their speech. 

Power of speech is the strongest quality a great leader has. Not everyone is born with it but they can learn the art of public speaking or get inspired by it. What is more important is listening, not speaking. 

If you do not have anything good to input or share with your audience as a leader, then do not speak. Rather listen to their thoughts, opinions and feedback and form answers to the same. This is an important attribute in a great leader that most of us forget. Great leaders listen and are inspired by those around them. 

Not Just Leadership Speakers

Leadership speakers are not people who speak about how they would lead their people and country ahead towards peace, success and a brighter future. They are also motivational speakers as well as inspirational speakers

Great leaders fuel the fire inside you to be a better person, guide you towards public service and motivate you to do your part for the sake of the people around you. A great example of this comes from President John F. Kennedy’s oath-taking speech, where he said: 

“Ask not what your country can do for you – ask what you can do for your country”

The line motivates and inspires you to be patriotic towards your land and perform your civic duty towards people’s welfare.

Winston Churchill delivered a speech in the House of Commons, in 1940 where he reiterated how under the most terrible of circumstances in the brutal war that was raging, the goal of victory is near. 

Churchill himself was a famed orator and this was his famous “We shall fight on the beaches” speech. He was the Prime Minister of the United Kingdom at that time and led Britain into victory in World War II. 

“We shall fight on the beaches, we shall fight on the landing grounds, we shall fight in the fields and the streets, we shall fight in the hills; we shall never surrender,…”

What makes the speech special is the underlying message given by the great leader to his country’s citizens to have faith and show bravery in the face of the enemy.  

Great Leaders Are Made, Not Born

So, you get the gist that great leaders are not only great leadership speakers who only talk about winning and goals. The ability to motivate people around you and inspire them to do better for their and everyone’s sake is a special quality. 

But you must understand that great leaders are made, not born. They are inspired and motivated by other people who seek to turn the world into a better place by improving the lives of everyone around them. 

And more often than not, great leaders of today attest to the fact that their first step towards leadership came after hearing a keynote address or conference address at their school, workplace or public events. 

Great leadership speakers develop their skills over time by hearing others such as motivational speakers, inspirational speakers, athlete speakers and more. 

What Can Leadership Speakers Do Youth & Adults? 

Emma Stone delivered a moving and inspiring speech on gender equality at the UN. Along with Angelina Jolie and Priyanka Chopra, she is one of the many celebrity speakers who have become UN representatives for causes such as gender equality and women’s rights.

Together, through their motivational speeches and actions, they have inspired millions globally to make the world a better place for all, irrespective of gender. 

A keynote address at a school assembly and conference speech at an office event may turn a life around for some people. People feel more positive, motivated and inspired to make big changes in life, step out of their comfort zone and learn new things. Some even grow up to be great leaders themselves. 

Therefore, it’s always a good idea to invite an addressee or keynote speaker to your event. Embrace the opportunity to book a speaker and inspire people to achieve their goals.

Understanding Financial Markets

What are Financial Markets?

Financial markets is a marketplace where buying and selling of securities like stocks, bonds, derivatives, commodities, currencies, etc. occur. These markets may include securities which are listed on an regulated exchanges or are traded Over-The-Counter(OTC). Financial markets basically provide a way for those who have excess money to invest and those who are in need to money to borrow.

Financial markets play an important role in creating liquidity for capitalist economies. Financial markets are transparent as they ensure that the prices set are efficient and appropriate.

Types of Financial Markets

Stock Markets

Stock markets are a place where trading of equities occur. Equity is the value of shares issued by the company. In a stock market, securities are traded via Primary Market and Secondary Market. In Primary Market, securities are issued to investors directly by the issuer. Companies raise capital by an Initial Public Offering(IPO). Primary markets are also known as New Issue Markets.

Secondary markets are where investors buy and sell securities they already own. The secondary market, also called the aftermarket and follow on public offering, is the financial market in which previously issued financial instruments are traded.

The most popular stock exchanges in India are National Stock Exchange(NSE) and Bombay Stock Exchange(BSE).

Bond Markets

The Bond Market is a marketplace where participants can issue new debt, known as primary market and buy and sell debt securities, known as secondary market. A bond is an financial instrument in which an investor loans money for a specific period of time at a pre-determined interest rate. Bonds are issues by  municipalities, states, and sovereign governments to finance projects and operations. Debt securities usually include bonds, but it may include notes, bills, and so for public and private expenditures.

Money Markets

Money Markets involves trading of securities that are highly liquid and are issued for short time period with low interest rates. Money market consists of various financial institutions and dealers, who seek to borrow or loan securities. Examples of securities traded in money markets are treasury bills, commercial papers and certificate of deposits. Money markets are considered a safe place to invest as they have high liquidity.

Money markets are Over-The-Counter(OTC) markets which means that they are not regulated and not structured. Money markets give lesser returns however they offer a variety of products.

Derivatives Market

Derivatives markets are financial markets for derivatives like futures, options, forwards, etc. Derivatives are financial instruments whose value is determined by the value of the financial instruments like bonds, commodities, currencies, interest rates, market indexes, and stocks. The four major types of derivative contracts are options, forwards, futures and swaps. Futures and Options are listed and traded on stock exchanges while forwards and swaps are not.

Forex Market

The forex (foreign exchange) market is a market where people can buy, trade, hedge, and speculate on currency pairs’ exchange rates. Because cash is the most liquid of assets, the Forex market is the most liquid in the world. The currency market conducts more than $5 trillion in daily transactions, which is higher than the combined volume of the futures and stock markets. The forex market, like the OTC markets, is decentralized and is made up of a global network of computers and brokers from all over the world. Banks, commercial companies, central banks, investment management firms, hedge funds, and retail forex brokers and investors make up the forex market.

Commodities Market

Commodities markets are gathering places for producers and consumers to trade physical commodities like maize, livestock, and soybeans, as well as energy goods (oil, gas, and carbon credits), precious metals (gold, silver, and platinum), and “soft” commodities (such as cotton, coffee, and sugar). Spot commodities markets are those where tangible things are exchanged for money.

Cryptocurrency Markets

Cryptocurrencies like Bitcoin and Ethereum, which are decentralised digital assets based on blockchain technology, have been introduced and have grown in popularity over the last few years. Hundreds of cryptocurrency tokens are now accessible and traded on a patchwork of independent online crypto exchanges throughout the world. These exchanges provide traders with digital wallets via which they can exchange one cryptocurrency for another or fiat currencies like dollars or euros.

All you need to know about Cryptocurrency

Cryptocurrency is a digital or virtual currency that uses cryptography to verify transactions, which makes counterfeiting and double-spending practically impossible. Cryptocurrencies are not regulated or facilitated by a central or regulating authority, instead it uses decentralized network called blockchain technology. Since cryptocurrency are not issued by any central authority, it makes them theoretically immune to government interference or manipulation.

Understanding Cryptocurrency

The first cryptocurrency named Bitcoin was invented by an unknown person or a group of people named Satoshi Nakamoto in 2008. It was put into use in 2009 when the currency’s implementation was released as open-source software.

Cryptocurrencies are based on the blockchain, a distributed public database that keeps track of all transactions and is updated by currency holders.

Cryptocurrency units are formed through a process known as mining, which entails employing computer processing power to solve complex mathematical problems in order to earn coins. Users can also purchase the currencies from brokers, which they can then store and spend using encrypted wallets.

You don’t possess anything concrete if you own cryptocurrency. What you possess is a key that enables you to transfer a record or a unit of measurement from one person to another without the involvement of a trustworthy third party. Although Bitcoin has been present since 2009, cryptocurrencies and blockchain technologies are still in their infancy in terms of financial applications, with more to come in the future. Bonds, stocks, and other financial assets might all be traded via the technology in the future.

Types of Cryptocurrency

  • Bitcoin:
    As mentioned earlier, Bitcoin was invented in 2008 and is the first cryptocurrency that was invented. Bitcoin is still the most popular and well-known crypto currency.
  • Ethereum:
    Ethereum is a blockchain platform that has its own cryptocurrency, Ether (ETH) or Ethereum. It was created in 2015. After Bitcoin, it is the most widely used cryptocurrency.
  • Litecoin:
    This money is quite similar to bitcoin, but it has moved faster to build new innovations, such as speedier payments and processes that allow for more transactions.
  • Ripple:
    Ripple was founded in 2012 as a distributed ledger technology. Not only can Ripple be used to track cryptocurrency transactions, but it can also be used to track other types of transactions. Its creators have collaborated with a number of banks and financial institutions.

How to buy cryptocurrency?

There are 3 steps involved in purchasing of cryptocurrency. Please find them below:

Step 1: Choosing a platform
Before choosing a platform, compare various platforms on the basis of which cryptocurrencies are on offer, what fees they charge, their security features, storage and withdrawal options, and any educational resources. Typically, there are two main platforms which one can choose for trading of cryptocurrency:-

  • Traditional brokers: These are online brokers that allow you to purchase and sell cryptocurrencies as well as other financial assets such as stocks, bonds, and exchange-traded funds (ETFs). These platforms are known for having reduced trading fees but fewer crypto features.
  • Cryptocurrency exchanges: There are a variety of cryptocurrency exchanges to choose from, each with its own set of cryptocurrencies, wallet storage options, interest-bearing account options, and other features. Asset-based fees are charged by several exchanges.

Step 2: Funding your account
After you’ve decided on a platform, you’ll need to fund your account before you can start trading. Most crypto exchanges allow users to buy crypto with fiat (government-issued) currencies like the US Dollar, British Pound, or Euro using their debit or credit cards, though this varies per platform.

ACH and wire transfers are also accepted by some sites. The payment methods that are accepted and the time it takes to deposit or withdraw money vary each platform. Likewise, the time it takes for deposits to clear varies depending on the payment type.

Fees are an essential consideration. These fees could include transaction fees for deposits and withdrawals, as well as trading fees. Fees will vary depending on the payment method and platform, so do your homework ahead of time.

Step 3: Placing an order
You can use the web or mobile platform of your broker or exchange to make an order. If you wish to buy cryptocurrencies, go to “buy,” select the order type, enter the number of coins you want to buy, and confirm the order. Orders to “sell” follow the same procedure.

There are other ways to invest in cryptocurrency as well. PayPal, Cash App, and Venmo are examples of payment platforms that allow customers to buy, trade, or store cryptocurrencies. In addition, the following investment vehicles are available:

  • Bitcoin trusts: Bitcoin trusts can be purchased with a conventional brokerage account. Through the stock market, these vehicles provide regular investors with access to cryptocurrency.
  • Bitcoin mutual funds: You can select between Bitcoin ETFs and Bitcoin mutual funds.
  • Blockchain stocks or ETFs: Blockchain companies that specialize in the technology behind crypto and crypto transactions are another way to indirectly invest in crypto. Alternatively, you might invest in blockchain-related equities or exchange-traded funds (ETFs).

How to store cryptocurrency?

Once you’ve purchased cryptocurrency, you’ll need to keep it safe to avoid being hacked or stolen. Cryptocurrencies are typically stored in crypto wallets, which are physical devices or online software that securely store the private keys to your cryptocurrencies. Some exchanges offer wallet services, allowing you to store your funds directly on the platform. However, not all exchanges or brokers will automatically give you with a wallet.

There are a variety of wallet providers from which you can choose. The terms “hot wallet” and “cold wallet” are used to describe two types of wallets-

  • Hot wallet storage: “Hot wallets” refers to cryptocurrency storage that use internet software to safeguard your assets’ private keys.
  • Cold wallet storage: Unlike hot wallets, cold wallets (also known as hardware wallets) save your private keys on offline electronic devices.

Cold wallets typically charge fees, whereas hot wallets do not.

Union Budget 2022 and Cryptocurrency

  • In the Union Budget 2022-23, the government has imposed a 30 percent fixed tax rate on all crypto trading profits, with the goal of introducing the Digital Rupee in 2022–23.
  • The Digital Rupee, India’s first Central Bank Digital Currency (CBDC) project, will be a digital version of the rupee that would be fully regulated and overseen by the government.
  • The Finance Ministry has suggested a 30% tax on the trading of all virtual assets, including cryptocurrencies and non-fungible tokens, in these regulations. Losses on these crypto-assets cannot be offset at a later point, according to the report. This means that any losses incurred when trading these assets will not be offset by other sources of income and will be carried forward to later years.
  • Virtual currency gifts are likewise subject to taxation, with the recipient carrying the burden of any such deductions.
  • Further elaborating on the taxes approach for such virtual currencies, the Finance Minister stated that all crypto transfers exceeding a specific monetary level will be subject to a 1% TDS deduction, which will aid the authorities in keeping track of their movement in the economy.

COVID-19 Update | the Government Claims That Over 166.59 Crore Vaccine Doses Have Been Provided in India So Far.

According to the Union Health Ministry, India’s COVID-19 immunisation coverage has reached 166.59 crore people, with over 53 lakh vaccine doses distributed on Monday. The daily vaccine number is expected to rise as the last reports for the day are compiled late at night, it added.

Since the commencement of phase three of the vaccination push, 54,11,58,635 first doses have been given to those aged 18 to 44, and 40,58,44,481 have received the second dose in the same age range, according to Health Ministry data. 4,65,47,420 first doses and 3,35,552 second doses have been delivered to people aged 15 to 18. So far, 1,24,29,876 precautionary doses have been given to the indicated categories of recipients.

The vaccination programme as a measure to protect the country’s most vulnerable populations from COVID-19 is still being assessed and monitored at the highest level, according to the ministry.

The Impact of Ecommerce

The impact of e-commerce is far and wide with a ripple effect from small business to global enterprise.

  1. Large retailers are forced to sell online.

For many retailers, the growth of e-commerce has expanded their brands’ reach and positively impacted their bottom lines. But for retailers who have been slow to embrace the online marketplace, the impact has been different.

Retailers that fall into the middle ground are the ones feeling the biggest changes in response to the impact of e-commerce. 

 In February of 2019, online sales narrowly surpassed general merchandise stores for the first time, including department stores, warehouse clubs, and supercenters. Because Amazon Prime took away the price of shipping, more consumers are comfortable with online shopping.

  • Ecommerce helps small businesses sell directly to customers.

For many small businesses, e-commerce adoption has been a slow process. However, those who’ve embraced it have discovered e-commerce can open doors to new opportunities.

Slowly, small business owners are launching e-commerce stores and diversifying their offerings, reaching more customers, and better-accommodating customers who prefer online/mobile shopping. 

Pre-pandemic, small businesses were working to expand their e-commerce presence. Today, 23% of small business owners feel they’ll have to strengthen their e-commerce capabilities to survive in a post-pandemic world. Another 23% of small business owners have created a website or updated their existing one since COVID-19 lockdowns began.

2. B2B companies start offering B2C-like online ordering experiences.

B2B companies are working to improve their customer experiences online to catch up with B2C companies. This includes creating an omnichannel experience with multiple touchpoints and using data to create personalized relationships with customers.

Ecommerce solutions enable self-service, provide more user-friendly platforms for price comparison, and help B2B brands maintain relationships with buyers, too. 

 By 2026, B2B transactions are expected to reach $63,084 billion.

3. The rise of e-commerce marketplaces.

Ecommerce marketplaces have been on the rise around the world since the mid-1990s with the launch of giants we know today, such as Amazon, Alibaba, and others

4. Supply chain management has evolved.

Survey data shows that one of e-commerce’s main impacts on supply chain management is that it shortens product life cycles.

As a result, producers are presenting deeper and broader assortments as a buffer against price erosion. But, this also means that warehouses are seeing larger amounts of stock in and out of their facilities.

In response, some warehousers are now offering value-added services to help make e-commerce and retail operations more seamless and effective.

These services include:

  1. Separation of stock/storage for online vs. retail sales.
  2. Different packaging services.
  3. Inventory/logistics oversight.

5. New jobs are created but traditional retail jobs are reduced.

Jobs related to e-commerce are up 2x over the last five years, far outpacing other types of retail concerning growth. However, growth in e-commerce jobs is only a small piece of the overall employment puzzle.

A few quick facts on how e-commerce has impacted employment:

  • Ecommerce jobs are up 334%, adding 178,000 jobs since 2002.
  • Most e-commerce jobs are located in medium to large metropolitan areas.
  • Most e-commerce companies have four or fewer employees.

The flip side of this, however, is that upticks in efficiency paired with a shift away from traditional retail may lead to some job losses or reductions in workforces as well.

As with any major market shift, there are both positive and negative impacts on employment.

6. Customers shop differently.

Ecommerce (and now omnichannel retail) has had a major impact on customers. It is revolutionizing the way modern consumers shop.

Today, we know that 96% of Americans with access to the internet have made a purchase online at some point in their lives and 80% have made a purchase online in the past month.

And not only do customers frequently use eCommerce sites to shop: 51% of Americans now prefer to shop online rather than in-store. 

Millennials are the largest demographic of online shoppers (67%), but Gen X and baby boomers are close behind at 56% and 41% participating in online shopping activities respectively.

7. Social media lets consumers easily share products to buy online.

Researchers have discovered that e-commerce has made an interesting social impact, especially within the context of social media.

Today, e-commerce shoppers discover and are influenced to purchase products or services based on recommendations from friends, peers, and trusted sources (like influencers) on social networks like Facebook, Instagram, and Twitter.

If you’ve ever been inspired to buy a product you saw recommended on Facebook or featured in an Instagram post, you’ve witnessed this social impact as it relates to e-commerce.

8. Global e-commerce is growing rapidly.

In 2018, an estimated 1.8 billion people worldwide made an online purchase.

Chinese platform, Taobao, is the biggest online marketplace with a gross market value (GMV) of $484 billion. For context, Tmall and Amazon ranked second and third with $458 and $339 billion GMV in annual third-party global market value respectively.

The three-tier consumer grievances machinery under the consumer protection act

The three-tier consumer grievances machinery under the consumer protection act are :

  1. District Forum Each District Forum shall consist of a person who is or has been qualified as a District judge, as the President. There must be two other persons who are not less than thirty-five years of age and also possesses a degree from a recognized university. The persons must have adequate knowledge in the field of economics, commerce, industry, public affairs, and administration. The district forum must have the jurisdiction to entertain such complaints where the value of goods or services and the compensation, does not exceed Rs. twenty lakhs. The need for district forums for consumer redressal is that majority of the people who face any consumer rights violation are unable to file a complaint in a state or national forum because such have to look at matters concerning various other district forums which result in a large number of pending cases. District forums are also enabled with a faster way of dispensing consumer redressal as the number of claims is pretty less than that of State/National redressal forums which enables normal people to seek a solution for their problems.
  2. State Commission Each State Commission shall consist of a person who is or has been a judge of the High Court as its president. The Commission also consists of not less than two members, who are above thirty-five years of age and also possess a degree from a recognized university. The persons must have adequate knowledge in the field of economics, commerce, industry, public affairs, and administration. The Act also states that not less than fifty percent of the members shall be from amongst the persons having a judicial background. The State Commission has a jurisdiction to entertain cases where the value of goods or services or the compensation claimed, if any, exceeds the number of Rs. twenty lakhs but does not exceed Rs. one crore. It also entertains appeals against any District Forum within the state and also looks after any pending disputes or cases decided by any of the District forums in which the forums have exercised a jurisdiction not vested in them by the law, or has been exercised illegally or with any material irregularity.
  3. National Commission The National Commission shall consist of a person, who is or has been a judge of the Supreme Court, to be appointed by the Central Government, shall be the President, provided that no appointment shall be made except after the consultation with the Chief Justice of India. The commission shall consist of not less than four members of its executive committee who shall not be less than thirty-five years of age and must be graduates from a recognized university. They must also be specialized in the areas of commerce, economics, and administration. The jurisdiction of the commission shall extend to any case where the compensation amount might exceed Rs. one crore and the Commission shall also entertain appeals against State Commissions.

The Commission also has the power to check any pending disputes or cases decided by any of the State Commissions where the State Commission has exercised a jurisdiction not vested in it by law or it has been exercised illegally or with any material irregularity Power of redressal forums There are various powers for all of the redressal forums with regards to its jurisdiction.
Some of them include:

  1. Examining, enforcing as well as summoning the witness on oath;
  2. Discovering and producing any material evidence;
  3. Receiving evidence on affidavit;
  4. Requesting for the report or test analysis from the concerned authorities and laboratories;
  5. Issuing commission for examining the witness; 6. Enforcing any other powers prescribed by the Central or State Government Limitation period

Misrepresentation under the Indian Contract Act, 1872:

A misrepresentation is an untrue statement of a material fact made by one party which affects the other party’s decision in corresponding to a contract. If the misrepresentation is identified, the contract can be declared void, and depending on the situation, the unfavorably impacted party may seek damages. In such a contract dispute, the party who made the misrepresentation becomes the defendant and the aggrieved party is the plaintiff. Misrepresentation in contract law is especially important in business dealings where huge transactions occur with high frequency. Misrepresentations of the value and/or risk correlated with an agreement can cause enormous financial losses to businesses and individuals while increasing the risk of collaborative business ventures. Accordingly, misrepresentation contract law is vital to ensuring fairness and diminishing the risk of entering into agreements between individuals and businesses.

Concept of Misrepresentation

For understanding the concept of misrepresentation first, we need to know the meaning of representation in terms of the contract. A representation is said to be such a statement that generates the entry into a contract but is not a part of a term of the contract.

Misrepresentation is about the giving of inaccurate information by one party (or their agent) to the other before the contract is made which induces them to make the contract. If a person makes a contract in reliance on misrepresentation and has to face loss as a result, they can revoke the contract or claim damages.

Unwarranted Statements

A statement made without any reasonable basis is an unwarranted statement. When a person makes a positive statement of a fact without any trustworthy source of information and believes that statement to be true, the act amounts to misrepresentation. When something is unwarranted it is not called for under the provided circumstances. For instance, arguing the merits of someone’s talent is one thing, but addressing them stupid is unwarranted.

Breach of duty

Once a duty has been established about the defendant we must find that the defendant has breached the duty. A breach of the duty of care occurs when one fails to achieve his or her duty of care to act wisely in some aspect. Commonly, if a party does not act reasonably to prevent foreseeable injuries to others, the duty of care is breached. Breach of duty is defined in a very interesting case named Vaughn V Menlove which states that the defendant is found to have overdue of the claimant and if he acts below the reasonable standard then a breach of duty would have been committed 

  • they may find out the cause of the breach and try to remedy it;
  • they may dispute that a breach has occurred;
  • they may argue that there is an exclusion clause or other terms in the contract limiting their liability for the breach; or
  • they might argue that there is a cause for their breach, or that the contract is invalid.

Inducing mistakes about subject matters

Inducing mistake about subject matter involves mistakes of fact. This happens when both the parties misunderstood each other leaving them at a crossroads. Such a wrongful act or a mistake can be because of an error in understanding, or ignorance or omission, etc. But a mistake is never intentional, it is an innocent commanding. 

References

Social media outage: A glitch turned fatal

The dependency of societies on technology is undebatable. Social media has emerged as a saviour amidst the pandemic which made it very challenging to stay connected in terms of our personal and professional life. However, the recent social media outages have revealed a scary fact: we cannot afford them. They cause damages to as many sectors of society as technology benefits.

Effects on economy

Facebook, home to one of the largest social media networks across the globe, upon recently facing a major outage and disruption in its services like WhatsApp and Instagram, took entrepreneurs by shock as their sales dipped dramatically and they scrambled to cater to the increasingly impatient customers. From beauty and clothing to food delivery, many industries were simultaneously affected. The services were completely stalled for hours which created a lot of stress and panic.

Facebook itself suffered revenue losses of billions and the world economy had to pay the price. The small-scale advertisers, influencers, and content creators were forced into helplessness as their only methods of interacting with the audience and making ends meet suffered a blow. Such financial dependence on social media continues to prove itself a major cause of concern.

Effects on education

Social media has been a boon for the education sector, providing students and educators around the world with ample opportunities to enhance knowledge sharing, despite the uncertainties of a global pandemic. But the outages on educational platforms have proved to be costly. Zoom, for example, suffered major glitches which were very inconvenient and caused communication problems between students and educators, which, in turn, is detrimental for their academic growth.

Moreover, educators also feel the pressure to rush through the materials since these technical issues take much time to be fixed. Many other platforms such as WhatsApp, Facebook and YouTube, which are also used by educators to keep the students updated, upon facing such issues, create a lot of panic and confusion.

Effects on mental health

Social media is constantly used by many as a way of entertainment and recreation. It allows us to relieve stress and cope with day-to-day life. But many people also use it as a form of escapism and eventually become addicted. Outages expose them to periods where they experience extreme withdrawal symptoms. When their mental health and happiness are dependent upon an external source such as social media in the form of validation received through likes and comments, feelings of anxiety, stress and emptiness creep in when those services are stalled for hours.

Not only are they unable to connect with others to reduce loneliness but they also get stuck with their negative thoughts which have a very poor effect on their overall well-being. Research shows that social media is one of the leading causes of depression as it is designed in such a way that people automatically fall into the trap of comparison and information overload.

Is there a way out?

While social media outages are abrupt and often uncontrollable, as individuals, we can educate others and take steps towards reducing our dependence on it in some ways-

  • Limiting screen time – Instead of scrolling endlessly for hours, social media can be used mindfully by delegating certain hours of the day to it while engaging in other activities and hobbies during the day. This would ensure that our well-being is not compromised and we can successfully achieve our goals.
  • Spending time with others – Be it a family member, friend or even a pet, we must make sure that we have some company so that we do not slip into loneliness or other destructive habits which can worsen social media addiction. Participating in volunteering work or joining local communities that align with our interests is also a great way to be more active physically and mentally.
  • Social media detox – Refraining from using technology and social media for a fixed amount of time is also a good method to overcome social media dependency. Taking help from family members and friends, identifying triggers which guide the over-consumption and making a planner to track its effects on daily mood are some helpful ways that can make this process easier.
  • Choosing alternatives – In the case of finance, we must make sure that social media is never the only source of making ends meet. We must always be prepared and have enough skills to tackle the challenges of a physical workspace in case our social media business comes to a halt. Multiple courses can be easily found, online or offline, which can aid us in the process.

Social media outages serve as a reminder that although it is a great source of education, entertainment and much more, it has an unpredictable aspect to it which can prove to be damaging if we do not gain control over our online consumption. Hence, we must learn to strike a balance between our online and offline worlds.

“Like all technology, social media is neutral but is best put to work in the service of building a better world.”

Simon Mainwaring

Child labour in India

The term “child labour” is often defined as work that deprives children of their childhood, their potential, and their dignity, and that is harmful to physical and mental development. It refers to work that :

  •  Is mentally physically, socially, or morally dangerous or harmful to children and/or
  • interferes with their schooling by depriving them of the opportunity to attend school; obliging them to leave school prematurely; or requiring them to attempt to combine school attendance with excessively long and heavy work.
Image Source : PTI

Key facts

  • The number of children in child labour has risen to 160 million worldwide – an increase of 8.4 million children in the last four years – with 9 million additional children at risk due to the impact of COVID-19.
  • Progress to end child labour has stalled for the first time in 20 years, reversing the previous downward trend that saw child labour fall by 94 million between 2000 and 2016.
  • The incidence of hazardous work in countries affected by armed conflict is 50% higher than the global average.
  • 30 million children live outside their country of birth, increasing their risk of being trafficked for sexual exploitation and other work.

Child labour in India
According to data from Census 2011, the number of child labourers in India is 10.1 million of which 5.6 million are boys and 4.5 million are girls. A total of 152 million children – 64 million girls and 88 million boys – are estimated to be in child labour globally, accounting for almost one in ten of all children worldwide.
Despite rates of child labour declining over the last few years, children are still being used in some severe forms of child labour such as bonded labour, child soldiers, and trafficking. Across India, child labourers can be found in a variety of industries: brick kilns, carpet weaving, garment making, domestic service, food and refreshment services (such as tea stalls), agriculture, fisheries, and mining. Children are also at risk of various other forms of exploitation including sexual exploitation and production of child pornography, including online. Child labor and exploitation are the results of many factors, including poverty, social norms condoning them, lack of decent work opportunities for adults and adolescents, migration, and emergencies. These factors are not only the cause but also a consequence of social inequities reinforced by discrimination.

How can we stop child labor in India?

  • Sending more children to school 

India has the world’s largest educational system, yet faces the hurdles of low literacy, due to low enrolment. Organizations like Save the Children execute several initiatives to boost children’s enrolment in schools. The organization maps out-of-school children and those who are at risk of dropping out and ensures that they enter into the fold of education.

  • More stringent laws and effective implementation

Policymaking is essential to long-lasting social change, and lobbying for better laws involves demonstrating how change can bring considerable benefit. The government should be strict with all the laws and take heavy actions against the lawbreakers.

  • Spread awareness

Parental awareness of the evils of child labor can prevent disruption in schooling and the pushing of children into labor. Lack of understanding on the part of parents creates situations where traffickers prey upon children and many trafficked children end up in child labor. Aware communities can comprehend and respond to children’s issues much more effectively.

  •   Discouraging people to employ children in homes, shops, factories, etc

Child labor gets a resounding approval when Indian businesses openly use it, in industries like retail, hospitality, and menial work. NGOs today sensitize trade organizations to end this social evil and educate locals about reporting instances of child labor at businesses and homes. Save the Children has to its credit getting India’s biggest IT market declared child-labor-free.

( Reference from UNICEF and UNICEF India)

Blood type

Do you know your blood type? If you haven’t been in any medical situations where blood type is important, you might not.

We know that there are 8 main blood groups that make up most of the world’s population.

But it turns out that scientists still don’t know why we evolved different blood types. And that may remain a mystery for a long time. But from now, science can at least tell you about your own blood.

Knowing your Blood type

In develops parts of the world, it’s not crucial to know your blood type off the top of your head. Doctors will typically run tests before any major procedure and if there’s any doubt in a medical emergency, you’ll most likely receive O negative blood, because that’s the universal donor blood that’s save to give to any A, B, AB or O recipient.

Blood type experiments

For thousands of years nobody really understood blood. A Greek doctor Claudius Galenus from 200 CE believed that it was created food and liver, and this school of thought lived on for nearly 1500 years.

It wasn’t until in the 17th century A british doctor named William Harvey, discovered that blood actually circulated through the body. This spawned A new age of experimentation with blood.

In 1665, an English physician successfully kept one dog alive by transfusing it with a blood of another dog. Just two years later, doctors began experimenting with Xenotransfusions. That is transfusing humans with animal blood, such a sheep. And those human patients died.

It wasn’t until 1900 that we finally realised people and animals actually have different types of blood that determine whose blood can mix with whose. That’s where different letters came into play.

If you’re type A, your immune system will perceive type B blood as an intruder and trigger auto immune response that can cause

  • kidney failure,
  • extensive blood clotting, and
  • even shock.

The reverse is true of type B blood. The immune system will attack type A.

AB blood however, accept both A and B blood without triggering the auto immune response. These things get little bit complicated when introduced there negative and positive part of your blood type. Positive can’t accept negative, but the opposite is extremely dangerous.

Other than 8 Blood types

To further complicate things scientists have discovered dozens of more blood type, such as the Duffy blood group, which can determine your susceptibility to malaria. Or the Hh blood type, which 1 in 10,000 people in India have. But the vast majority of the humans fall into this A, B, O system.

As per why humans evolved this complicated system of blood types and compatibility, we really don’t know. The original mutations are thought to date back nearly 20 million years. But whatever the biology is behind blood typing, it’s a real practical thing that matters.

It’s just not a bad idea to know your blood type. If you’re traveling somewhere that’s rural, or doesn’t have access to advance medicine, it’s good for you and your travelling companion to know your types, just in case of an accident along the way. In big emergency closer to home, blood banks often put in calls for donors of a specific type. And remember if you’re type O Negative, you’re an extremely useful universal donor. So, knowing your type can give you a peace of mind.

Your body when you Swim

Harvard medical school published a study which looked at over 40,000 men, aged 20-90 who were either runners, walkers, swimmers, and physically in active people. With an average length of 13 years of observation and in that time

  • 2% of swimmers passed away
  • 8% of runners passed away
  • 9% of walkers passed away
  • 11% of physically inactive people passed away

This study showed that swimmers are much healthier later on in life than the rest of the population and for women swimming just 30 mins a day can decrease coronary heart disease by 30 to 40 percent.

It also helps to increase HDL aka good Colestrol. Some studies have also shown that aerobic excercise can keep the cells in the lining of your arteries more flexible and healthier. Hence there is no question that swimming is an awesome form of fitness.

Body during swimming

What do you actually feel when you go into the water? Here are some main elements of the human body that gets impacted during swimming.

1. Blood

According to the America Heart Association, swimming is considered as Aerobic activity. Aerobic excercise enlarges the heart and it increases the blood flow through the entire boby. Because swimming is an excercise, the blood has to pump all the molecules into the body.

2. Heart

Since so much of blood has to be pumped into the body, that ties into how it impacts your heart because we know that after 2 mins your body goes into aerobic respiratory because your heart has to pump all the oxygenated blood through the body. So as you swim, your heart is circulating the blood which help your body to perform and achieve the required goals.

3. Skin

You must have seen that the skin color changes of swimmers. For example, some swimmers face turns red when the swim, that happens because your blood vessels are dilating and the brings the heat to the surface into the skin then some people turn red, as a result your skin is showing the effort that you’re putting in the water.

4.Muscles

There’s a reason why swimmers are considered to have best body and physiques in the world compared to any athlete, because swimming engages every single muscles in the water when it comes to your core stability, your upper body, your biceps, your hamstrings, your calves, everything is engaged when you swim.

When you’re swimming, you are micro tearing your muscles while swinging it. And the muscles requires 24-48 hrs to recover those muscles. That’s when sometimes you might feel sore.

5. Lungs

Swimming can actually help increase your lungs volume because in swimming different than other sports, you can’t actually breath whenever you want. It’s not like running when you have full access to oxygen.

In swimming you’re engaging your muscles and you’re not allowed to breathe necessarily at the time when your body might want it. So because you have to get used to this, you actually increase your Vo to max (maximum amount of oxygen body is able to use). So basically you are making your lungs more efficient at functioning.

6. Brain

The Brain loves swimming, because of all the extra blood flow moving through these endorphins that makes you more awake, alert and focus.

But this could happen in any type of sport but swimming is something really special because you’re sort of in your own world where the medium is 800 times more dense than air, which makes you feel free and relaxed.

Hence, from physical health to mental health, swimming is an incredible benefit human body and after reading this you must be thinking of trying swimming.

Being Bilingual

People have very different opinions on what bilingualism really is. For some it means speaking two languages fluently and with little to no effort rather strongly consider a person bilingual, if it has perfect pronounciation in both languages and makes very few grammatical errors while talking.

The truth is that, even with a bad accent and making some mistake, being able to speak in two or more languages rather than one has practical benefits in an increasingly globalised world.

Multilingualism

Multilingualism has been shown to have many psychological and social advantages that can go something simply as

  • watching movies with no subtitles
  • to having less problems in traveling and
  • even getting a job or business opportunities specially in tourist areas.

Types of Bilingualism

It is considered to be two types of Bilingualism

1. Compound Bilingualism

Compound Bilingualism, also called addictive Bilingualism happens for example when a child is raised by bilingual parents and both languages are used in home, the child grows when both languages are used simultaneously in the same environment.

With this type of Bilingualism, the person does not see the two languages as separate it is common to hear such people speaking different languages in the same sentence or using a word of a different language from the one they’re talking to better express themselves.

2. Coordinate Bilingualism

This is the second type of Bilingualism also know as Subtractive Bilingualism. In this type, the person perceive two languages as separate because he learns them separately and in different environments in context.

I am an example of coordinate Bilingualism, most of the time i talk Hindi when I’m in my college environment or to people who talks only that language, I use the language specifically for those context but to my family members i usually talk in Bengali which is my native language, the language related to my home environment. I see these two language as separate since I learned and used them in completely different environments.

Officially Monolingual Countries

Only a few countries in the world including the U.S, England, and Australia are officially Monolingual but even in these countries only a considerable percent of people who speaking and understand more than one language.

Advantage

Researchers suggest that bilingualism can slow the advance of age-related mental issues such as Dementia and Alzheimer’s by up to 4 years.

Also in bilingual adult, brain tissue called grey matter is denser compared with Monolingual adults.

Although speaking more than one language does not necessarily make you more intelligent person, it helps stimulates and increase brain connections. Learning a new language is like an excercise to the brain that will improve your Cognitive skills and even if you grew up in a Monolingual environment, it is never too late to start learning a different language.

History of Halloween

From communion with the dead to pumpkins and pranks, Halloween is a patchwork holiday, stitched together with cultural religions and occult tradition that spans centuries.

Before Halloween

It all began with the Celts; a people whose culture had spread across Europe more than 2,000 years ago. October 31st was the day they celebrated the end of the harvest season in a festival called Soin, that night also marked as Celtic New Year and was considered a time between years; a magical time when the ghost of the dead walked the earth as called as time when the veil between death and life was supposed to be at its thinnest.

At that time the villagers would gathered and lit huge bonfires to drive the dead back to the spirit world and keep them away from the living. But as the Catholic Church’s influence grew in Europe, it frowned on the pagan rituals like sawing.

The name Halloween

In the 7th century the Vatican began to merge it with a Church sanctioned holiday. So November 1st was designed All Saints day to honor martyrs and the deceased faithful. Both of these holidays had to do with the afterlife and about survival after death, it was a calculated move, on the part of the church, to bring more people into the fold.

All Saints day was known as then Hallowmas; hallow meaning holy or saintly, so the translation is roughly mass of the saints. The night before October 31st was All Hallows eve while gradually morphed into “Halloween“.

How the holiday spread

The holiday came to America with the wave of Irish immigrants during the Potato Famine of the 1840s. The brought several of their holiday customs with them including

  • Bobbing for apples and,
  • Playing tricks on neighbors like, removing gates from the front of the houses
Irish immigrants

Trick-o-treat

The young pranksters wore masks so they wouldn’t be recognised but over the years the traditional of harmless tricks grew into outright vandalism such as in 1930s, pranks during Halloween became really holiday, as there was such a hooliganism and vandalism.

Trick-o-treat was originally a extortion deal, give candies or get your house trashed. Storekeeper and neighbors began giving treats or bribes to stop the tricks and children were encouraged to travel door-to-door for treat as an alternative to trouble making. By the late 30s trick-o-treat became a holiday greeting.

Where did Necktie came from?

The neckties, also known as decorative noose are a narrow piece of fabric designed to be worn around the neck and tied at the throat. They can be made from many materials but commonly constructed from silk or cotton.

Varieties

Today there are many different kinds of neckties:-

  • Ascot tie
  • The zipper tie
  • Clip on tie
  • The tie dye tie

So when did wrapping a piece of fabric around your neck become a formal style necessity. The length of World War to blame can partially be placed on the French Military. While humans have been tying fabric around their neck since they could sew.

History

The neckties is been known as it didn’t start crowding collars until the 17th century. King Louis XIII of France had hired Croatian mercenaries to fight for him during the 30-year war and the king was impressed by the length of cloth the Croatian used to keep their jackets together.

Croatian

Louis liked it so much that he required his entire royal court to wear them a tradition that his son will continue in his court. The trend soon spread across the French aristocracy and it wasn’t long before all of the Europe had converted to the curve at.

Tying a Necktie

There are four main ways to tie a neckties;

  1. The Four-in-hand knot
  2. The Pratt knot aka The Shelby knot
  3. Half-windsor knot
  4. The Windsor knot

According to researchers from Cambridge Cavendish Laboratory, there are 85 ways to tie a tie. Thomas Fink and Yong Mao actually use Mathematical modeling to figure this out and publish a book on their finding.

Towards the end of tie fashion

The necktie is losing its grip around the throat of male fashion. Tech companies such as Google, Amazon, and eBay actually encourage their employees to dress casually with some going as far as banning traditional office wear entirely and other companies are following suits.

Its fast become a power move to dress drown to the office in the 21st century as a statement of fellow workers, you can wear what ever you want.

Californian companies have led the charge in disrupting many common business practices, by rejecting aspects of corporate life that once seemed to given such as

  • Traditional working hours
  • Corporate hierarchies
  • Paying employees a living wage

Now politicians and even royalty are leaving tie in their dresses so it many not be long before neckties joins the history books of pointless male neck fashion.

Why is an Internship necessary ?

During school, vivid temporary positions in your field of study are fundamental for effective results after graduation. Homeroom conditions might include you with conversation, banter, peer collaboration, and shared learning encounters, yet look for promising circumstances for you to apply and foster the scholastic ideas you’re learning in an expert setting too.

Getting the hang of, developing, and in particular, planning forever and a vocation, is what’s really going on with school. Here are a couple of reasons why school entry level positions are so fundamental to help with your vocation status, like a temporary job at The Box Tiger Music!

Profession Development

For the most part, an entry level position is an undertaking explicit trade of administration for experience between an understudy and a business. Inside entry level positions, study hall ideas unexpectedly become genuine secrets to success as you interface and learn in an expert setting. Entry level position encounters are formal, developmental, and central to your profession.

Fostering your insight into working environment coordinated effort, business behaviour, and solid correspondence strategies are among the imperative “delicate abilities” that must be learned at work. Along these lines, temporary jobs in your space of study will construct your list of references and show you instrumental, profession creating characteristics.

Character Growth

In addition to the fact that internships help foster your polished skill, however they likewise empower character development. Numerous businesses even worth individual characteristics over proficient information with regards to work.

Attributes like respectability, responsibility, and self-inspiration are a few characteristics that are learned through an entry level position. In an article by Chris Myers, a contributing author for Forbes, he relates his own insight as an assistant just as the manners in which it formed his person. Throughout his experience, he discovered a guide who assisted him with figuring out how to be modest and crucial to his managers. These exercises stayed with him even as he developed and turned into an entrepreneur with his own understudies. At the point when you leave school, bosses will need school graduates with something other than information; they’ll need the people who have the singular characteristics expected to take care of business well.

Honing one’s capability is a significant advantage of a temporary position, however assembling character in the work environment is a similarly extraordinary benefit. Temporary positions are the

ideal spot to learn, test your abilities, and develop by and by, so you can venture out and apply what you know to this present reality.

A Door to Opportunity

Temporary jobs are primary in planning understudies for the labour force and giving freedoms after graduation. Most businesses look for profession prepared school graduates who have been furnished with related involvements and abilities in a given field.

As indicated by a new review by the National Association of Colleges and Employers, the beginning yearly compensation for school graduates who finished a paid temporary position and were utilized in a private, revenue driven organization was $53,521, while the people who didn’t finish a temporary position began with a normal of $38,572.

The examination additionally tracked down that 72.2% percent of school graduates with entry level position experience got a proposition for employment rather than just 36.5% for the people who didn’t finish one.

Genuine Application

At Grace College in Winona Lake, IN, understudies total 12 “field” credits as a feature of their “Applied Learning” prerequisite. These credits are procured through temporary jobs, work shadowing, research associations, understudy showing programs, and a lot more vocation creating positions—all of which advantage understudies as they extend their expert portfolios.

Here are what a few Grace understudies have said about the entry level position encounters they’ve been a piece of and how those work openings approved what they’ve realized in the study hall.

BODY DYSMORPHIC DISORDER(BDD)

Body Dysmorphic disorder is a mental disorder marked by an obsessive of perceived defects or flaws in once appearance. A flaw that to others is considered minor or not observable.

People suffering from BDD

  1. Can feel emotion such as shame and disgust concerning a part or parts of their body part and fixate on this.
  2. The obsession is so intense that the person repeatedly checks and compares the perceived flaw seeks reassurance sometimes for several hours each day.
  3. The person can also adopt unusual routines to avoid social contact that exposes the perceived flaw.
  4. This pervasive thoughts about their appearance and body image interfere with their daily life via
    • Educational
    • Occupational dysfunction and
    • Isolation

No matter how many times people assure them that there is no flaw, they cannot accept that the issue doesn’t exist.

The most common features about which people obsess includes:-

  • Nose
  • Wrinkles
  • Acne
  • Complexion
  • Blemishes
  • Hair
  • Skin
  • Vein appearance
  • Muscles size
  • Tone
  • Breast size
  • Buttocks
  • Genitalia

BDD is estimated to affect up to 2.4% of the population. The condition usually starts during adolescence affecting both men and women. BDD does not go away on its own if Untreated it may get worse with time leading to

  • severe depression
  • Anxiety
  • Substance abuse
  • Suicidal thoughts and behavior

Causes

The exact cause is unknown, but like every other disorder BDD may result from a combination of causes such as:-

  1. Brain differences
  2. Environmental factors; special if they involve negative social evaluations about the body or Self-image
  3. Childhood trauma
  4. Genetics; studies suggest that BDD is likely to run in family.

Certain factors that may increase the risk of developing the condition may include:-

  1. A family history
  2. Negative body image
  3. Perfectionism
  4. Negative life experiences such as bullying or teasing
  5. Introversion
  6. Media influence.

Symptoms

Extreme preoccupation with a perceived flaw in your physical appearance that appear minor to others for at least one hour a day. Attempting to hide perceived flaw with –

  • styling, makeup or clothes – to seeking plastic or cosmetic surgery,
  • avoiding social situations,
  • constantly comparing appearance with others,
  • always seeking assurance about appearance from others,
  • low self-esteem, compulsive behaviour such as skin picking and frequent clothes changing.

Extreme preoccupation with an appearance that interferes with social life work, school, or other functionality.

Diagnosis

A medical evaluation will be carried out other medical conditions after which further evaluation is carried out by a mental health professional.

Diagnosis is based on:-

  1. A psychological evaluation; which aims at assessing risk factors and thoughts feeling as well as behavior can be associated with a negative self-image.
  2. Personal, medical, family and social health history.

Treatment

Treatment option may include therapy and medication includes:-

  1. Cognitive behavioral therapy; that helps you learn how to cope and behave to improve your mental health
  2. Medications; such as SSRIs may help is control obsession and control repetitive behaviours

Psychiatric hospital may be suggested if the symptom is severe such as when you’re in immediate danger of harming yourself.

Famous personality with BDD

Here is a list of people with BDD;

  • Michael Jackson(singer, dancer)
  • Billie Elish (singer)
  • Robert Pattinson (from twilight)
  • Ileana D’Cruz (from Rustom)
  • Miguel Herrán (from money heist)

CRYPTOCURRENCIES VS FIXED DEPOSITS

The Indian government and Indians have consistently been into reserve funds. In contrast to the westerners, India has high family esteems. The blood relations and relatives are consistently there to help each other additionally monetarily.

The bread worker of the family puts something aside for the eventual fate of the child(ren). In India, it is never similar to labouring for 40 hours per week, being paid according to the hours and chilling toward the end of the week and being down and out by Monday morning. India’s practice of venture is a drawn-out game that considers ages ahead.

The Indian government understood this before long freedom and subsequently made a great deal of plans that come as retirement plans. The banks that go under the Reserve bank of India likewise concoct approaches and plans to work with their clients into long haul arranging that implies least danger and a good speculation.

Indians have been assorted as far as their way of life. However, the one thing that ties each Indian is the affection for gold and silver. Furthermore, once more, customarily talking, gold is the image of Laxmi, the goddess of abundance. Gold is skilled to the lady and lucky man during the marriage. Gold is likewise worn as a piece of DRE gems. Monetarily talking, holding a resource can be utilized in good and bad for ages ahead.

Another exceptionally famous monetary instrument that Indians put resources into is the FD or the proper store. Be that as it may, with the new headway of computerized money, will a normal Indian embrace crypto? Allow us to see the distinctions and similitudes.

FIXED DEPOSITS VERSUS CRYPTOCURRENCY

Duty exception: When you put resources into FD, there are various areas under which you can put your cash in. For this venture that you pronounce, the public authority is informed of your system and you may get some thought under tax cut. Then again, the Indian government isn’t a too crypto master, and thus, there is no assessment exclusion on the benefits you make from putting resources into crypto.

Government-upheld: For making a FD account with your bank, the means are very simple. A stacked financial balance is a great idea to go to make a FD account. While then again, crypto speculation expects you to make a record with an exchanging stage, that, in a typical case, isn’t empowered by any administration.

Fixed return: according to the approach picked by you, your bank and your residency of FD, you will undoubtedly get a decent return. This generally doesn’t change. Regardless of whether it does, it doesn’t change too regularly. Likewise, the adjustment of the level of return isn’t an excessive amount to give a shock to the financial backer. Then again, crypto rides an exciting ride. One second the profits are multiplied and the following second you lose half of the cash you contributed. The recurrence of progress and the extent of progress is humongous.

Value-based expense: FDs are long haul plans and the passage and leave focuses are by and large ceaseless till development. Individuals for the most part don’t leave their FD plan before it develops. No exchange occurs and subsequently there is no exchange cost. Unexpectedly, since the crypto market is unstable, individuals settle on fast choices. They enter, stay for quite a while, exit and afterward return when the costs hit profound low. The quantity of passage and leave focuses is an excessive number of and this brings about a ton of conditional expenses.

No requirement for any exchanging or trade stage: For beginning a FD account, you simply need a ledger. What’s more, having a financial balance has been supported by the PM Jan Dhan Yojna. For putting resources into crypto, the client needs to have a confirmed record with an exchanging stage, connect the ledger and afterward begin to contribute.

Unpredictability: FDs are a speculation that individuals don’t contact. Individuals either start a FD for their retirement or they let it mature. The venture of crypto isn’t immaculate. The sum determined for the interest in the crypto is each effectively moved and flowed for putting resources into other cryptos or to encash into the neighbourhood cash.

Long haul Plan: FDs are long haul plans. So is the crypto venture. However, just favourable to crypto financial backers get this and are enduring. Henceforth, despite the fact that both FD and cryptos are long haul venture vehicles, many utilize the last for momentary addition.

Uncommon: FDs are not uncommon. Would you like to open a record? Fantastic! Go on. Would you like to mine bitcoin after 2140? Apologies, you can’t. Crypto accompanies a limited inventory and thus are uncommon. FDs are run on conventional cash and we would i be able to have quite a few customary cash notes as we need.

No mining: These backings the above point. There is no mining or additional work to change your conventional cash over to be put resources into FD. For cryptos, you need to mine new tokens to keep up with their dissemination or somebody mines and sells them so others can put resources into them.

Least danger: FDs are the most secure, least danger implying monetary arranging technique. When you store cash, you can fail to remember it till it develops. Cryptos involve the financial backers’ time and consideration. You lose your center, you may lose a ton!

Expansion rate and pace of revenue: As the swelling rate is higher, customary instruments like FDs and RDS don’t give incredible help. Despite the fact that crypto gets your heart beat quicker, an individual with great exploration on crypto can enter the market, stay for the time, bring in astounding cash and exit astutely. He/she doesn’t hang tight for the 5-year residency to get over.

Indians love to put cash in any case, love to contribute as long as possible and need their cash to develop. While certain individuals are daring people, some are more conventional. Venture techniques resemble food decisions. It depends from one person to another. One that works for you probably won’t work for your companion. Subsequently, it is consistently fitting to comprehend one’s necessities and needs and choose what best accommodates their objective.

Mukesh Ambani guarantees a ‘Jio’ for energy change

Reliance Industries Ltd administrator Mukesh Ambani on Friday revealed his arrangement to do a ‘Jio’ in energy change by delivering green hydrogen for under $1 per Kg, or generally Rs 73 at Friday’s dollar conversion scale, for quicker reception of the cleanest versatility arrangement accessible to the world now.

“Green hydrogen is zero-carbon energy. It is awesome and cleanest wellspring of energy, which can assume a crucial part on the planet’s decarbonisation designs,” India’s most extravagant man revealed to International Climate Summit 2021, adding Reliance will seek after the objective of first lessen the expense to underneath $2 per kg and eventually to under $1 in 10 years.

Ambani’s vision for green hydrogen has a natural ring to it. It can possibly disturb the portability and energy change showcases the manner in which Reliance did when it entered the telecom market with Jio, which diminished taxes and got buyers snared to information benefits a vital element for moving towards web of-everything Green hydrogen as of now costs somewhere in the range of $3 and $6.55 per kg.

Ambani likewise said Reliance will set up 100 gigawatts (GW) of inexhaustible force limit by 2030, which is essential for a $10 billion environmentally friendly power energy bet he had declared to investors on June 25

The organization will utilize the force created from this ability to deliver hydrogen by electrolysing water. With plentiful daylight, India can create more than 1,000 GW of sun-based force

This energy utilizes only 0.5% of the nation’s landmass, he said, adding India has as of now accomplished 100 GW of sustainable power limit and the objective of 175 CW by December 2022 is currently well inside sight

Dependence’s emphasis on hydrogen is a critical element for accomplishing Ambani’s net-zero objectives “Last year, I had reported our aspiring obligation to make Reliance a net-carbon zero organization by 2035. This year, I introduced our technique and guide for the new energy business, which will be the following huge worth creation motor for Reliance and India,” he said.

“We have begun fostering the Dhirubhai Ambani Green Energy Giga Complex more than 5,000 sections of land in Jamnagar. It will be among the biggest coordinated environmentally friendly power fabricating offices on the planet. This perplexing will have four giga processing plants which cover the whole range of sustainable power,” he said.

Hydrogen is the kind of the period, on account of the public authority’s National Hydrogen Mission. This is important for the public authority’s methodology for decreasing the economy’s carbon impression as New Delhi fights off strain to declare a net zero objective Power and environmentally friendly power serve Raj Kumar Singh disclosed to TOI India can possibly become one of the biggest, if not the biggest maker of green hydrogen”

Head administrator Narendra Modi has defined the objective to reach 450 GW of environmentally friendly power limit by 2030 Out of this, Reliance will set up and empower somewhere around 100 GW of sunlight-based energy by 2030, he expressed. Ambani said, will make a Pan India organization of kilowatt and megawatt scale sunlight-based energy makers who can deliver green hydrogen for nearby utilization.

Throughout the following 3 years we will put rupees 75000 crores in these drives. Dependence will accordingly make a proposition a completely coordinated end2end renewables energy biological system to India and Indians he said.

The four giga manufacturing plants incorporate a coordinated sun based photovoltaic module plant, a high-level energy stockpiling battery plant, n electrolyser processing plant for the creation of green hydrogen and an energy component industrial facility e for changing over hydrogen into rationale and fixed force.

History of Indian Stamps

India got independence on 15th August of 1947 assured in a new era in the history of the country but philatelist had to wait another 98 days for the release of India’s most commemorate stamp on 21st of November 1947.

First stamp

The Postal Telegraph Department however came out with a large Kashi postmarked with the slogan “Jai hind” for the occasion and letters mailed that the major post offices of the country were cancelled with this post mark.

The India’s first commemorative stamp features the Lion capital of Ashoka which had one set on the top of a column of Sarnath near Varanasi. The lion capital has since been around at the state emblem of India the denomination of the stamp was one and a half annas and an inspiration of “Jai hind” in Hindi was also depicted in the stamps.

Other stamps

Actually three stamps were planned to release at the time of Independence. The rest two stamps were released in the 15th of December 1947 with the three and a half annas stamp with portray of the national flag in tricolor Saffron on the top, white in the middle and green in the bottom.

The twelve annas stamp depicts an aircraft a symbol of the modern age. These stamps also have inscription “Jai hind” in hindi, they are also known are Jai Hind stamps.

The stamps were printed offset lithography. As the three and a half annas stamp was printed in three colors in three steps because difference in inking at different stages, because specimens having the top of the flag in deep orange or pale orange and the lower part in pale green and deep green were coming across.

Petroleum Jelly is harmful to skin

You probably have a jar of Vaseline somewhere in your house. Millions of people swear by it as a remedy for clapped lips, congestions, diaper rash and dry skin. Unfortunately the popular product is more harmful than many realise.

What is Petroleum Jelly?

Petroleum jelly, commonly known by the brand name Vaseline, is a byproduct of the oil refining process. It was originally found coating the bottom of oil rigs in the mid 1800s. As a byproduct of the oil industry, it’s an unsustainable resource and far from eco-friendly.

How does it work?

Used in everything from lotions to baby products, petroleum jelly works by creating a protective barrier on the skin to hold in moisture. The waterproof barrier it created on the skin blocks pores and can lock in residue and bacteria.

When used on a burn or a sunburn area, it locks in heat and can block the body’s ability to heal. You need to stop using Vaseline for these four reasons:

  1. It contains harmful Hydrocarbon. The skin is unable to metabolize petroleum jelly, so it sits as a barrier on the skin untill it wears off. This blocks the body from gaining any benefit from the substance. A 2011 study found strong evidence that the mineral oil hydrocarbon Vaseline contains are “the greatest contaminant of the human body”
  2. It Promotes Collagen Breakdown. Due to the barrier that petroleum jelly creates on skin, it blocks the skin ability to breathe and absorb nutrients. This can cause the skin to pull the moisture and nutrients it needs from within, leading to collagen breakdown.
  3. It can leads to Estrogen dominance. Estrogen dominance occurs when the body has high levels of estrogen and low levels of progesterone. It has linked to infertility, menstrual problems, allergies and autoimmune problems. Petroleum jelly contains chemicals called xenoestrogens which are believed to increase estrogen problems.
  4. It can cause pneumonia. Although rare, a condition known as lipid pneumonia can occur when small amounts of petroleum jelly is inhaled and build up in the lungs. Because the body can’t metabolize or breakdown the substance, a severe inflammation in the lungs can occur.

Natural Alternatives

There are several natural alternatives to petroleum jelly that you can use without worrying about health risks. If you’re looking for a simple alternative, try one of these options:-

  • Shea butter – High is vitamin A, E and F, shea butter works to nourish the skin through the beneficial fatty acids it contains. It can also help reduce inflammation and increase collagen productions.
  • Beeswax – a great alternative to petroleum jelly is Beeswax. It can be blended into homemade beauty products to protect the skin. Add it to a homemade lip balm and body cream.
  • Coconut oil – this oil loaded with health benefits. It works to nourish the skin through the fatty acids, lauric acids and anti-inflammatory compounds.
  • Coco butter – it contains antioxidants and benefits fatty acids. It may even reduce the signs of ageing.

LESSONS TO SURVIVE FIRST YEAR IN BUSINESS

You have an extraordinary thought and the desire — what’s going on? As you go into business, there are a few things each business visionary has to know to endure that basic first year effectively. In my over 30 years as a tech chief, business person and C-level corporate leader openly and privately owned businesses, here are three of the greatest exercises I’ve learned.

1. DISREGARD PERFECTION AND FOCUS ON FINDING MORE CUSTOMERS

The main explanation business people fizzle is that they don’t have clients who need to purchase their item or administration. In light of that, your first year ought to be tied in with discovering networks of individuals who need to purchase what you’re selling — or even portion of what you’re selling.

As you do, don’t expect that you need to make the ideal item or administration before you find your client base. That will just thwart your energy. Exile negative speculation as per, “On the off chance that I simply get this piece right… ” and rather remain laser-zeroed in on the greater inquiry: “Am I ready to discover or produce sufficient interest to continue to push ahead with my thought?”

One of the most mind-blowing approaches to distinguish your base can be through paid channels like Google that expand your openness to shoppers. Consider how organizations would open in shopping centres since that is the place where the people strolling through was, yet today, the entirety of that traffic is on the web. When you find your clients, you are in a solid beginning position and you can divert to tweaking from that point.

2. CONTROL YOUR CASH

The other fundamental explanation that organizations flop from the get-go is that they run out of cash, so dealing with your month-to-month income and costs is urgent during this window. Obviously, the two-go connected at the hip: You need to have the option to endure sufficiently long to find clients.

To set yourself up for practicality, embrace a profoundly traditionalist methodology. Start by carrying out a decent income the board framework to follow the cash going in and out and have sure you comprehend the effect between income and benefit. For instance, regardless of whether you offer loads of your item to clients, that doesn’t really mean you can cover your bills. In the event that you sell, say, $50,000 worth of items on layaway with 60-day terms, yet you requested $35,000 worth of provisions to cause those items and you to need to pay your providers inside 30 days — on top of lease and finance — the math rapidly becomes muddled, and you will be unable to keep the lights on.

Part of being moderate is likewise settling on determined choices — which means, don’t over enlist ability until you decide how you will find your client base, bring in cash and be alluring to financial backers. Watching out for the entirety of this is vital for opening up development openings.

3. STAY CALM AND TAKE NEXT RIGHT STEP

During the primary year of establishing another organization, there is in every case some motivation to freeze or have an existential emergency. Possibly your new item turns out not to have the take rate you expected, or somebody who you feel is basic to the group stops, or you miss your income numbers in light of a startling cost, or unexpected rivalry enters the market — the rundown can feel perpetual.

These situations are not kidding, yet have confidence that they are common and can be explored effortlessly. The arrangement is frequently to remain quiet (I for one find that reflection assists me with trying not to become twisted up and stay sensitive to what exactly going on around me), pay attention to your impulses and do the following right thing. In the event that you do that, the way ahead will begin to uncover itself.

By conveying these strategies, business people can explore a portion of the more normal difficulties that will definitely emerge during the first — and seemingly the hardest — year while keeping fixed on what is important most for progress.

ROLE OF INDIA IN QUAD

BY DAKSHITA NAITHANI

The Quadrilateral Dialogue was established in 2007 when four countries—the United States, India, Japan, and Australia—joined forces. However, it did not take off at first due to a variety of factors, and it was resurrected in 2017 after almost a decade due to factors such as growing country convergence, the expanding importance of the Indo-Pacific area, and rising threat sentiments toward China, among others.

Since then it has evolved into a platform for diplomatic discussion and coordination among participating countries, who meet on a regular basis at the working- and ministerial levels to discuss shared interests like ensuring a rules-based international order.

SIGNIFICANCE FOR INDIA

The Quad, ASEAN, and the Western Indian Ocean are the three groupings in which India participates as a partner in the Indo-Pacific area.

India as a Net Security provider

In the region of Indian Ocean India must be a Net Security Provider. Its supremacy in the IOR must be maintained and sustained if it is to claim this position as a Region. QUAD offers India with a platform to strengthen regional security through collaboration while also emphasising that the Indo-Pacific concept stands for a free, open, and inclusive area.( Inclusive here refers to a geographical notion that encompasses all countries inside it as well as those having a stake outside of it)

Countering China

The Quad offers India with a forum to seek collaboration with like-minded countries on a variety of problems, including maintaining territorial integrity and sovereignty, as well as peaceful dispute settlement. It also shows a united front against China’s unceremonious and aggressive actions towards the nation which is especially important now, since ties between India and China have deteriorated as a result of border intrusions along the Tibet-India boundary in many locations. The Chinese policy of encircling India with the String of Pearls poses a direct threat to India’s maritime sovereignty, which must be addressed.

Framing post-COVID-19 international order

QUAD can assist India in not just recovering from the pandemic’s impacts through a series of integrated measures, but also in securing a part in the modern international order. Enhancing such cooperation was one of the first actions made in 2021. The vaccination initiative will serve as a good litmus test for the QUAD administrations’ ability to work together.

Convergence on other issues

On a range of topics, India shares common interests with other Quad members, including connectivity and infrastructure development, security, especially counter-terrorism; cyber and maritime security; multilateral institutions reform, and so on. Assistance from members on these problems might help India achieve its strategic and economic objectives.

Supplementing India’s defence capabilities

Assistance in the sphere of defence among Quad countries, such as joint patrols, strategic information exchange, and so on, can help India overcome its disadvantages in terms of naval capabilities, military reconnaissance, technology, and surveillance systems.

Ensuring a free Indo Pacific

The Indo-Pacific region must be accessible and vibrant, regulated by international norms and bedrock values such as freedom of navigation and peaceful resolution of conflicts, and the nations involved must have the right to make decisions, free of coercion.

Counter-terrorism Table top Exercise for QUAD nations to improve collaboration and common capabilities in dealing with potential terrorist threats, as well as examine CT response systems.

INDIA’S ROLE IN THE INDO-PACIFIC

In the Indo-Pacific, India’s geographic and geopolitical importance provides a counterbalance to China’s rising influence in the Indian Ocean. India’s security concerns, centred primarily on China’s encirclement policy through port facilities in India’s neighbourhood mainly Gwadar and Hambantota and the desire to maintain and protect open and free sea lanes of information exchange against concerns about China’s chokepoint in the South China Sea and increasing maritime presence in the ocean

India’s critical significance in the Indo-Pacific may be seen as a multiple framework. First, unlike the Asia-Pacific architecture, the Indo-Pacific architecture allows New Delhi to move above its long-held standing as a middle-power. This is bolstered by India’s admission to the League of big powers especially the United States and Japan and the development of tight strategic ties with Washington and its regional allies. This promotes India’s great-power ambitions and force projection capability inside the Indo-Pacific and beyond.

Second, India’s Act East Policy and Extended Neighbourhood Policy benefit from New Delhi’s strong participation in the Indo-Pacific. New Delhi’s stronger relations with ASEAN members have also bolstered this boost.

Third, the development of India-US strategic relations, particularly in military, works as a significant counterweight to India’s adversaries. Increased engagements between New Delhi and Washington are exemplified by the four foundational contracts signed between the two countries, which include the General Security of Military Information Agreement, Logistics Exchange Memorandum of Agreement, Communications Compatibility and Security Agreement, and Basic Exchange and Cooperation Agreement—all of which promote in-depth partnership Most significantly, the improved partnership boosts India’s military capacity, particularly when it comes to striking targets with precise accuracy.

Fourth, under India-Australia ties, which were elevated to a Comprehensive Strategic Partnership in 2020, India’s strategic position is bolstered yet further. In fact, Canberra and New Delhi inked nine agreements, the most important of which are the Australia-India Mutual Logistics Support Arrangement and the Defence Science and Technology Implementing Arrangement, both of which provide a framework for the two nations’ security cooperation.

Fifth, and most significantly, during COVID-19, India demonstrated its ability to be a first responder to a regional disaster by giving medical assistance to its near neighbours, including the Maldives, Sri Lanka, and Seychelles. In addition, India sent medical quick response teams to Comoros and Kuwait to help them prepare for the epidemic. In addition, nine Maldivians were evacuated from Wuhan, China, the site of the pandemic.

In addition, India pushed for virtual summits like the South Asian Association for Regional Cooperation web conference on March 2020 and the “Extraordinary Digital G20 Leaders’ Summit” to help develop a worldwide reaction to the epidemic on 26 March 2020. In addition, New Delhi established a SAARC Emergency Response Fund for Coronavirus, with India contributing an initial 10 million USD.

In addition, as countries attempt to move manufacturing away from China, India is viewed as one of the world’s new “favoured” investment destinations. The enormous scale of India’s marketplace as well as the low labour costs, make it a desirable destination. Apple, for example, created a production facility in India in partnership with Foxconn, while Samsung, of South Korea, ceased operations in China and moved manufacturing units to India.

There is little dispute about India’s rising position in the Indo-Pacific, not just as a significant participant but also as a responsible actor.  As a result, India’s manoeuvring room in the post-COVID international order is anticipated to expand, as India is seen as one of the major movers in guiding policy and protecting allied interests in the Indo-Pacific. COVID-19 has, in fact, expanded the Quad framework, allowing important parties to play a more active role in addressing critical conventional and unconventional regional issues.

IMPORTANCE OF AGRICULTURE

AGRICULTURE

The art and science of cultivating plants and raising livestock are known as Agriculture. It helps to provide food and fabrics. Over centuries, agriculture remarks the growth of civilization. Before knowing agriculture people spent most of their time for searching food. Agriculture enabled the surplus production of foods to the people. We all know that agriculture is the backbone of the economy of a country. In addition to providing food and raw materials, agriculture also helps in providing several job opportunities. Let’s see why agriculture is important

IMPORTANCE OF AGRICULTURE

  1. SOURCE OF FOOD: About 70% of people rely on agriculture for their livelihood. It’s the source of food supply. No matter what we eat and where we eat. All ingredients in the foods must be from somewhere. All road leads to agriculture. If a country is suffering from food insecurity and malnourishment, then it means that the agricultural sector is suffering in that country. Not only food, but it also provides fodder for domestic animals.
  2. MAIN SOURCE OF RAW MATERIALS: Agriculture is the major source of raw materials to the industries. Many raw materials like cotton, sugar, spices, wood, oil come from agriculture. These materials are essential in the industries to create a product. Agro-based industries contribute about 50% of income to the manufacturing sectors of the country.
  3. BOOSTS THE INTERNATIONAL TRADE: Both the raw materials and the products produced by using the raw materials are exported in each country. Countries with surplus growth of certain products export to the other countries. If a country’s agriculture sector suffers, the prices will go up and the trade will be affected. So, the effect on agriculture will directly affect the country’s trade.
  4. INCREASES NATIONAL REVENUE: Most of the developing countries depend on agriculture to increase their income. However, developed countries do not depend on agriculture for trade.
  5. EMPLOYMENT OPPORTUNITIES: The agricultural sector still provides large employment opportunities for the people. Whether you can work as a farmer or harvester or technician for farm equipment or scientist or researcher there are several jobs available in this sector. The unemployment rate in developing countries can be reduced by agriculture. To eradicate poverty, focusing on agriculture is the most efficient way.
  6. FOR COUNTRY’S ECONOMIC DEVELOPMENT: The country’s agriculture sector is tied with the economic development of the country. When there is an increase in export and national revenue, the country enjoys reduced poverty and boosted economic growth. Focusing on agriculture is one of the best ways to speed up the development and standard of a country.
  7. INCREASES THE TECHNOLOGICAL INNOVATION: For the growing population, the country must possess enough food to reduce hunger. To fasten the growing of crops, several innovations have been made in the growth of crops. Through Blockchain software, artificial intelligence, and gene manipulation, scientists are working to increase production by using less water and avoiding leaving negative impacts on the environment. Agribusiness is the more fascinating field to work on.
  8. REFLECTS OUR FUTURE: When it comes to pollution and climatic changes, the agriculture sector will face the quickest consequences. If effective changes are not made, then the impact on agriculture will directly impact the country’s economy and vanish the food supply. The state of agriculture in a country is a good litmus paper to look at how the future will be.

Why does a student need to be industry ready & how they can be?

What do you mean by industry ready?

An industry expects their employees to have Non-technical skills and personal attributes such as team work, communication skills, integrity, reliability and self-motivation are considered more important than purely technical skills to get industry ready.

Importance

A study shows that 50% of the curriculum that are been taught in college/universities, by the time students will graduate, it will get auxiliated with new technologies in the market.

Let’s say for example, a product manager of a company who advertises the product, collects data and analysis the data to improve the marketing strategies of company. He can do it manually, but with time if an app is developed for this work, the company won’t be requiring any product manager.

Although degrees are important for future but it is also important to have a knowledge about what all techniques and skills that will be there in future and also to start developing those skills.

How can students be industry ready?

Here are some ways of getting industry ready:-

  1. Practical Knowledge of Doing Things:- If you can demonstrate how to implement the theoretical knowledge you have then your chances of getting hired will improve significantly.
  2. Sharpen Your Communication Skills:- If you are not able to communicate properly, your knowledge will be of little use to you.
  3. Inculcate the Habit of Innovation:- Form a habit to think out of the box, if you can provide a company with a method to save on expenditure or increase their profit, you have better chances of getting hired.
  4. Read Books and Newspapers Regularly:- Form a habit to read a newspaper or book at least half an hour daily, as this will improve your thinking process as well.
  5. Build Your Profile to Show Your Accomplishments:- One needs to be presentable and be able to exhibit his or her qualifications and capabilities convincingly.
  6. Pursue Online Courses to Hone Your Skills:- To make yourself industry ready, it is better to learn some new skills online.
  7. Work on Your Weak Areas:- The trick here is to present your weaknesses in a way that it looks profitable to the company for whom you want to work for.
  8. Learn to Organize and Manage Your Time:- It is about getting the maximum output in a given amount of time. Productivity matters a lot when you are working for a company.

So start investing more on prolonged and sustainable skills because knowledge and degrees are not going to be most required in future. This is the time to decide what is to be done and how should the steps be taken forward.

Will you take Chinese vaccine?

Made in China, accept it or not but for many of us this label has become synonymous with low cost and low quality. So how true is the stereotype and what has Chinese done to deserve such a bad reputation? Well the list goes long, the latest item is vaccine.

China has sold vaccines to the World which may not be working. It is currently exporting vaccine to 43 countries with:-

  • a total of 742 million doses that have been sold,
  • 22 million doses have been donated,
  • 262 million doses have been delivered.

China is exporting 3 major vaccines:-

  1. Sinovac
  2. CanSino BIO
  3. Sinopharm

But do these vaccines even work? Let’s look at some of the countries those have received Chinese vaccines.

Mongolia

In Mongolia, more than half of the population is fully vaccinated but daily infection has risen by more than 70% in the last 2 weeks, and they’re using the Chinese vaccine Sinopharm. No doubt Mongolians are questioning the effectiveness of the Chinese vaccine.

Bahrain

Bahrain an Asian country is witnessing a surge. There’s a sharp rise in the number of infections and this dispite of high levels of inoculation. How will China explain this? China’s Sinopharm vaccine, accounts for 60% of the inoculation. Bahrain is now administering a Pfizer booster shot for those who have received both doses of vaccine.

Seychelles

Seychelles of East Africa, 61% of the population have been vaccinated with just 100,000 of people. This island nation has the highest vaccination cover globally. It’s daily average cases rose up to 400 with 37% of the fresh infections reported in fully vaccinated people. This is the result of the Chinese vaccine they’re using which is Sinopharm.

UAE

The United Arab Emirates has vaccinated more than 38% of the population with more than 51% have received first dose and yet daily new cases exceeded to 1700. And they are also using the vaccine Sinopharm that was received from China and UAE is also questioning the efficacy of the Chinese vaccine and also giving a Pfizer booster shot to Sinopharm recipient.

Countries who have refused

Philippines

In the month of May, the Philippines President apologized and asked China to take away Sinopharm vaccine back. He sent back the doses because Chinese cure is unproven.

Saudi Arabia

Saudi Arabia has also refused to recognise certificates of Sinovac and Sinopharm. It is recommending Pfizer and AstraZeneca instead.

Do Chinese vaccines works in China

There’s a fresh out break of new infections that are been reported in the Guangdong province of China. Guangdong with its capital Guangzhou, accounting of 90% of the confirmed cases. Health authorities of the capital blames the delete variant which was first identified in India. A strict lockdown has been composed there overseas arrivals are being quarantined, million have forced to indoors.

Hence its proven that the rumours of China had conquered the pandemic was false. The virus is unpredictable, it keeps spreading. Vaccines are not full proof in preventing infections but if one vaccine has repeatedly proven ineffective then it’s time for some reflection.

Online VS Offline classes

Due to the pandemic, online education is encouraged. It is learning via online classes as per the convenience of the students and teachers. Whereas, offline education is the traditional way of teaching in institutions and schools. It is face-to-face learning.

The Covid-19 impact was everywhere, which resulted in the closure of Schools and other educational institutions. … Though schools are closed, students are attending their classes through various education initiatives like online classrooms, radio programs.

WHICH IS BETTER?

Studying online gives you flexibility. The place is your own space, which is comfortable. We learn in our comfort zone. Online teaching has interactive sessions yet students find it tiring. Students may do other activities while or instead of attending online classes.

Studying online means that you pay the tuition fee, apparently book supplies, an online application fee. The transportation charge is deducted. Online classes teach children to be self-disciplined. That is not the case for most children, some people can’t afford online class essentials. Some children forget what they have learned so far.

Staying motivated and keeping up with assignments may show more difficult for online pupils than for those attending traditional classes. It is important for students attending online classes to be on top of their time management skills.

The interaction in online classes is comparatively less. Online teaching is not for all the topics. Online learning is oftentimes based on theory and lacks in practice-based study.

We are depending on technology, what happens when the device shuts down? What will happen to the assignments stored? Children get eye problems due to the duration of screen time.

Whereas, through the offline study, the teacher will be able to understand if each student is getting the point correctly by asking them to do activities related to the work. Offline classes are the best option for people who don’t have proper internet connection.

NEW NORMAL

Now that things are starting to light up. The schools, colleges and offices are being reopened. In that case, I would say offline learning is better. We get to learn more from offline classes. I believe that the experience we get in offline learning is nothing equal to online learning.

However, we must consider the safety of the students. Especially their mental health. After being in their comfort zone for year’s, getting back to school can be hard on them. Even though the exams were conducted online, the students still worked hard to secure marks. There are talks about not employing covid batch freshers for few jobs.

We were not alone, together we faced a lot. It is high time to consider getting to new normal. There should be changes in thd schedule for students but offline learning should be encouraged. We can’t compel the students, we can give them an option to pursue studies online.

IMAGINE COVID-19 WITHOUT ONLINE TEACHING

Online teaching was a saviour. Without which the students would have lost more than a year of studies. It is scary to imagine a world without technology during tough times it helps us get in contactless touch.

CHECK OUT THIS ARTICLE.

Narcissistic Personality Disorder

Narcissistic personality disorder or NDP is a personality disorder characterized by grandiosity. You may see it in people who have an inflated ego, with little regards to others. It is important to note that NDP is a psychiatric condition, and it is more complex than simply being arrogant. It’s distressing for those who have it and for those who’re around them. Hoping to shed some light on the condition, and sign that a person should seek help. While much of T.V and movies portray narcissism as people who feel like they’re better than everyone else, it’s usually not just the case.

What is narcissism?

Narcissism is a set of traits classified and studied by psychologists. The psychological definition of narcissism is an inflated, grandiose self-image. To varying degrees, narcissists think they’re better looking, smart and more important than other people and that they deserve special treatment.

Psychologists recognize two form of narcissism as personality traits:

  • Grandiose
  • Vulnerable

What is NDP?

  • NPD is a personality disorder in which the person feels self-important and craves constant validation.
  • Their feelings of superiority often hint at a deeper problem.
  • As their need of validation often comes from a place of insecurity and instability rather than genuine self love which they may not be aware of.

What causes NPD?

  1. While the cause of NPD is unknown, researchers believe that it has to do with a combination of genetic and environmental factors.
  2. It’s believed that 6% of people have this disorder. Men have a higher chance of this disorder than women.
  3. Some believe that NPD is developed to cope with trauma and feelings of inadequacy. Others believe it may be learned in early childhood from dealing with anything, from abuse to excessive pampering.
  4. There is even a debate as to how much of the disorder is passed down from parents to children acquiring the disorder.

What are the signs and Symptoms?

The feeling of grandiosity where they feel that they’re superior to others and low empathy are often seen in those with NPD; they don’t care much for others expecting to receive constant validation.

  • People with NPD feel as though they’re entitled to whatever they want which can be dangerous as it can manifest into toxic relationships.
  • They may manipulate others to get what they want.
  • They brag and exaggerate their achievements or feel envious of anyone that outperforms them, but deep down the person with NPD may be really dealing with their own feeling of inadequacy.

How to get help?

  • People with NPD may not seek help for the disorder itself as they may not know that there’s an issue.
  • Usually, people are diagnosed because they seek treatment for other issues such as depression or addiction.

However people who feel that they may have the condition and urged to reach out for help. NPD and the underlying feelings of inadequacy can be treated. It not only benefits the individual, but also to people around them.

What treatment options are available?

People diagnosed with narcissistic personality disorder will most likely work with a therapist using psychotherapy methods.

Other self-improving activities such as:-

  • Doing exercises and,
  • Hobbies may be used in conjunction with therapy.

Coming to a conclusion, we do live in a very materialistic and Consumersious society and as long as that’s the case, narcissism is going to win because it’s about putting yourself first and not caring as much about others. Not to mention people with NPD can be very generous when it’s going to get them what they need. They may buy everyone big dinners and take everyone on a big vacation so it creates this illusion that there’s lots of people all around them, because it’s all the stuff that they’re making possible for them. It’s important to know that treatment is available and that life can be made more manageable.

Story of Cellular Jail of India

You might have heard about the deadliest punishment that one could never wonder in their dreams. It is also known by the name Kala paani ki saza or by the name The black water punishment. So why is this jail different from other jails?

Emergence

During the colonial rule, Britishers got short of places where they could keep and punish the freedom fighters and political activists who were emerging against them. So they made single cellular jail punishment there they can punish the freedom fighters. In the year 1896, Britishers decided to build this jail on Andaman & Nicobar islands and in the year 1906 it was completed.

It was named as “cellular jail” because every jailer was kept in a single cell, so that the one jailer could not talk to others. As the jailers were freedom fighters so if they communicate somehow they will be able to find a way out. The cellular jail is also on an island which is surrounded by water so that the jailer won’t ran way.

The Punishment

The cellular jail wasn’t any normal jail it was like an experimental jail for the Britishers which involved torture, medical tests, forced labor and also some of these punishment which are unimaginable. The Britishers used to send freedom fighters to 1300 km across the water to the Andaman & Nicobar islands. It was so far away from India that people would die even on the boat voyage. So if the prisoners made it that far, they were kept in the cells which were designed for solitary confinement.

The cells of the jail is made up of brick and concrete where there is no toilet, the jailers were allowed to go to the toilet in the morning and at night and the rest of the time they were just locked in the cell. They prisoners were also forced to do labor like to extract 30 pounds of coconut oil and 10 pounds of mustard oil in a day. And if they don’t, then they have to face the consequences by beating up with iron rods while they are chained in iron chains.

Britishers in their own jail

In the year 1944, Japanese came to India and invaded the Islands and took over. The Japanese prisoned the Britishers in their own prison. As per Mahatma gandhi and Rabindranath Tagore’s demand the Indian prisoners were set free.

After the Japanese lost in World War II, they had to retreat, and the Andaman & Nicobar Islands became India’s part when it got independent in the year 1947.

After independence the cellular jail was declared as a National Memorial which is now a tourist place for all. There is also a Museum where you can get to know about all the freedom fighters along with their stories.

BRAIN DRAIN ?

Brain Drain in a nation happens when the country’s intense residents who have imagination and virtuoso withdraw for other better nations abroad to improve working freedoms. This relocation and take off of talented people are known as Brain Drain. Cerebrum Drain can be a crucial misfortune to a country since it loses a lot of proficient individuals, who might have in any case contributed altogether to the country’s monetary and logical accomplishments.

Brain Drain can reach out over different degrees dependent on their inclination. The normal sorts of cerebrum channel incorporate – Organizational Brain Drain, geological mind channel, and mechanical mind channel. Topographical cerebrum channel alludes to the definition given above; it is the displacement of splendid and gifted individuals starting with one geological zone then onto the next.

Authoritative cerebrum channel is the development of splendid brained and capable individuals starting with one association then onto the next. Because of such a mind channel, the mother association is set for a misfortune. The authoritative cerebrum channel happens because of better compensations and working conditions in different associations. Modern Brain Drain, then again, alludes to the moving of skilled and blessed individuals starting with one industry then onto the next; this happens because of possibilities of better work and better compensation in different areas. Whatever be the sort of cerebrum channel, it unavoidably brings about a financial and social misfortune.

the measure of cerebrum channel in India is gigantic. There can be a few factors that add to such a situation. First and foremost, India needs giving open positions. The pace of joblessness in the nation is extremely high. Accordingly, splendid understudies, in the wake of having finished their higher investigations, plan to move to another country to benefit better positions and profession openings.

Moreover, innovative progression in India is hopeless; the nation needs current logical gear. A particularly hopeless condition doesn’t give an ideal workplace. Individuals will in general move to other progressed nations.

Moving abroad to first world nations not just permits one to have better profession possibilities, yet they can likewise benefit of a superior way of life, a superior way of life, and better living offices. They feel that their ability is being perceived and recognized deservedly abroad. India can’t offer such steadiness to its residents. Thus, they move out.

In the event that the cerebrum channel is passed on open to occur with no limitations, India would be wrecked. In the event that every one of the brains in the nation go for different nations to benefit of better working conditions, there would be no ability left. Without mastery, talented individuals, and clever people, the areas like law, designing, clinical, the organization would set until the end of time. They would not progress.

The best way to confine mind channel is to better compared to expectations for everyday comforts in the actual nation. The work rate ought to be mitigated – a more noteworthy number of occupations ought to be given. More number of positions should open available. Every one of the areas in the nation ought to be modernized; logical and mechanical headway ought to be in help. Thusly, the possible gifted individuals in the nation will feel approved and needed.

IMPACTS OF COVID-19 PANDEMIC

HOW PANDEMIC AFFECTED THE LIVELIHOOD OF PEOPLE?

  The deadly coronavirus, which was first detected in Wuhan in China has almost affected every country in the world, infecting and killing millions of people everywhere around the world. The COVID-19 pandemic has caused bought dramatic loss of lives worldwide. It created challenges to public health, food systems, and the economy of the country. The impact of this pandemic is very big: tens and millions of people are falling at the risk of falling into poverty.

IN ENTERPRISES:

  Millions of enterprises face drastic damage and nearly half of the world’s 3.3 billion people are at the risk of losing their livelihoods. Due to the lockdown around the world, many companies have experienced a severe loss in the business. Without the means of income, many are unable to feed their families or themselves. In further, no income means no food or less nutritious food. Due to the lockdown, the transport system has stopped which caused a major impact on businesses.

IN AGRICULTURE:

The pandemic has caused several problems to agriculture. Border closures, trade restrictions, and other measures have been a barrier for farmers for buying their inputs as well as selling their inputs. It also delayed the process of harvesting crops due to insufficient labor and thus affecting the food supply chain across the world. The food security and nutrition of women and men are at risk especially in the low-income countries which include small-scale farmers with a big population. The migrant agricultural workers are the ones who got affected mostly. They weren’t able to get proper shelter to live in. They are struggling to access support measures announced by governments.

EDUCATION:

Colleges, Schools, and Universities are closed with no certainty as to when they will be open. The sources that are strictly prohibited in schools are now the only medium through which teachers can interact with the students. The classroom education system is replaced with an online mode of teaching. Applications such as zoom meet, Google meet, Webex, Microsoft teams are used to attend the online classes. Students are facing a lot of problems with this online mode of teaching. Eye problems will occur frequently in students. They are not able to understand the concepts clearly as compared to classroom education. Not all students have proper resources to attend online education.

ECONOMY:

  An individual’s savings account gets affected when there are big shifts in stock markets. The FTSE dropped 14.3% in 2020 which is the worst performance since 2008. The unemployment rate has increased across major economies. If the economy is good, that means that more wealth and more job opportunities. It is calculated by looking at the Gross Domestic Product (GDP). The International Monetary Fund (IMF) estimated that the global economy is shrunk by 4.4 % in 2020. The organization has announced the decline as the worst since the Great Depression of the 1930s.

HEALTH CARE SYSTEM:

COVID-19 pandemic has affected almost every country in the world. Thousands of people are dying each day. Social distancing and lockdowns have reduced the impact slightly. People with other diseases are not able to treat properly due to the immediate threat of COVID-19 consuming health systems. Scientific researches around the world also now focusing only on the COVID 19 which delays the research on other diseases. Due to the pandemic, the number of people seeking health care has increased. Health care systems have to become more accessible and prepared for future pandemic-like situations.

  In conclusion, the impact of the pandemic is more than we imagined. Many people across the world have lost their relatives, friends, and families. We are not able to do anything when our dearest one dies. The impact is high. To overcome this pandemic, we have to work together and follow the guidelines issued by the respective governments and be aware of the pandemic’s effects.

Pollution causes blindness

Air pollution is a global malice. It destabilzes the climate, punishes our lungs and now according to a new study could possibly affect our eye sight or might make you blind.

The research was published in the British Journal of Ophthalmology, it analysed 115,000 participants over 14 years. At the start of the study in 2006, these people have no eye problems but in the latest medical examination , 1,286 of them reported A.M.D (Age related Macular Degeneration). It is the leading cause of blindness among the people aged 50+ in rich nations. There are 200 million people living with this condition.

There appears to be a link between A.M.D and air pollution. People exposed to fine particulate matter are more vulnerable to A.M.D, nearly 8% vulnerable and this isn’t from industry level exposure. Even relatively low level of air pollution could be triggering A.M.D.

Effect on eye sight

The eyes have particularly high flow of blood. This leaves them vulnerable fine particles that flow through the body. It’s important to note that this study is observational. It cannot categorically establish a link between air pollution and A.M.D. However there has been similar study elsewhere with the same results. And the link between smoking and A.M.D has always been known.

The threat from air pollution has always been clear, but new studies are revealing more dimensions of this threat.

The World Health Organization (WHO) estimates that air pollution contributes to 7 Million deaths annually. This leaves us with another cause of concern, toxic air could leave you blind.

History of Dentistry

From brushing and flossing to straightening and whitening, people today put a lot of work into maintaining a health and appearance to their smile. The current trend is for straight, pearly white teeth. But history of dental care stretches all the way back to the beginning of human society.

Ancient ways of cleaning teeth

Prehistoric humans who lived before the advert of oral care actually had very few dental problems. Scientists believe this is on account of their diet, which consisted of unprocessed fibrous foods that help clean their teeth while they ate. However as human evolved, so did the food on menu. Overtime, people found if they didn’t take care of their teeth, they developed dental problems.

Archaeology found evidence that early humans cleaned their teeth by picking at them with things like porcupine quills, animal bones, and tree twigs.

In earlier 3,500 BCE, Mesopotamians were using chew sticks to clean their teeth. Egyptian and Chinese have known to use them as well.

Tooth Decay

Ancient people were always aware of the tooth decay. But the first known scientific theory about its causes dates back at least 5,000 years, to Ancient Sumeria. The theory was that cavities were caused by a creature known as the tooth worm, which they believed would wore holes in teeth.

Cavities can actually resemble the kinds of holes that the worms bore through other materials, like wood. The Sumerians, Greeks, Egyptian, Chinese, Japanese, and Indian people all believed in the tooth worm. Some European doctors were still warning people that worms were the cause of their tooth decay as late as the 14th century.

First Toothbrush

Though no one knows exactly when people started brushing their teeth, archeologists believed the practice originated somewhere in the neighborhood of 3,000 BCE. The Babylonians and the Egyptians were the first cultures we know of to fashion rudimentary toothbrushes, which were made mostly from twigs.

The first used bristle toothbrush was created in China sometime during the Tang dynasty, between the 7tg and 10th centuries. It was made from hog bristles which would have been attached to a handle carved from bone or bamboo.

Explorers eventually brought these to the West. And in the 17th century, they began to be adopted in Europe.

New trend

In modern times, the dental ideal is considered to be a bright smile with straight white teeth. People will wear braces, use whiteners, to achieve the look. But most didn’t realise, its a relatively new fashion.

The popularity of look really only goes back to the 20th century and was greatly created by Hollywood movies. The trend, arguably, began their veneers, created by cosmetic dentist named Marcus Pincus in the 1940s. It was spotted by movie stars, like Shirley Temple and Judy Garland, who became famous for perfect smiles.

Judy Garland

While mass market teeth whitening products didn’t became a thing until the 1980s, teeth whitening itself is nothing new.

SAY NO TO CHILD LABOUR

CHILD LABOUR

Child labor refers to the employment of a child in any work. This deprives the children of their childhood. It is physically, socially, mentally harmful to children. The education of children is drastically affected by child labor. Currently, the number of child labor has increased by 8.4 million in the last 4 years. There is a myth that most child laborers are orphans. But the truth is that only 3 out of 1000 are orphans. According to the International Labour Organization, currently, more than 168 million people between 5 and 14 are working. In India, according to the data collected from census 2011, it is estimated that there are about 10.1 million child laborers.

CAUSES OF CHILD LABOUR

PRIMARY CAUSES: The International Labour Organization suggests that poverty is the simplest reason behind child labor. For many poor families, the children have to work to fulfill their basic needs. Income from this child may be low but it contributes between 25  to 40% of the household income.

CULTURAL CAUSES: In European history, certain cultural beliefs have rationalized child labor and therefore encouraged child labor. Some people think that doing work is good for character building and skill development of children. In many cultures, children have to take over their parent’s businesses. Also, in many cultures, the education of girls is valued. They think that there is no need for educating the girl children. And these girls are pushed into child labor such as doing household services.

MACROECONOMIC CAUSES: The growth of poverty and unavailability of good schools lies on the supply side of child labor. The growth of low paying informal economy rather than the higher paying formal economy is the cause for the demand side of child labor. Other scholars suggest that the size of the informal economy, inflexible labor market, and lack of modern manufacturing techniques are some of the macroeconomic causes for child labor.

SOME ACTS THAT PROHIBITS THE CHILD LABOUR:

  • The Factories Act of 1984: This act prohibits the working of children below the age of 14 years in any factories. The law also includes rules that how long pre-adults aged 15 to 18 years to be employed in any factory.
  • The Mines Act of 1952: This act prohibits children under 18 years working in the mine.
  • The Child Labour (Prohibition and Regulation) Act of 1986: This law prohibits the working of children (under 14 years) in hazardous places listed by the law.
  • The Juvenile Justice (Care and Protection) of Children Act of 2000: This law states that anyone who employs children in hazardous places will be punishable with prison term.
  • The Right of Children to Free and Compulsory Education Act of 2009: The law provides mandatory education to all children aged between 6 to 14 years. This law also states that 25% of seats in every primary school must be allocated to children from disadvantaged groups and physically challenged children.
  • In addition to this, many Non-governmental Organizations (NGOs) like Bachpan Bachao Andolan, CARE India, Child Rights, and You, RIDE India are working to eradicate child labor in India.

Despite these laws and prohibition acts in India, there are still millions of children are employed in homes, roadside restaurants, and factories across the country. Every year June 12 is observed as the anti-child labor day. As the citizens of India, we all should be united to eradicate child labor in our country. Donate funds to the NGOs and make awareness programs in rural areas. Start some small campaigns against child labor. Child labor can be eradicated if government performs effectively with public support.

Introducing Skateboarding in Olympics

In recent history, skateboarding has become a pop culture phenomenon. We see it in everything, from T.V advertisements to fashion shows. And for the first time ever, skateboarding will be introduced in the 2020 summer Olympics. But, skateboarding hasn’t always had the mass appeal we see today.

Brief history

Sometime in the late 1940s or early 1950s, skateboarding was born out of the boredom of surfers when the waves were no good. They would remove the wheels from the roller skates and attach them to a piece of wood to create a skateboard.

By the 1960s, skateboarding’s popularity has grown with rise of surf culture. Contest were held all over and the first sponsored skateboarders were beginning to emerge. However, the popularity of skating in the 60’s dropped just as fast as it rose.

The 1970’s brought along one with the most important changes to the skateboarding world, the advent of the Urethane wheel, which allows skaters to ride faster are over rougher types of ground than ever before.

In 1976, a horrible drought in southern California forced most homeowners with backyard swimming pools to drain them, giving way to birthplace of pool skating. This was the first major shift in how people rode there skateboards. No longer were they limited to the abysmal, flat grounds of parking lots and sidewalks.

The 1980s were a time of Renaissance in skateboarding. People were constantly inventing new tricks, pros were earning unheard of amounts if money, and skateboarder-own companies were thriving.

The vert

The favourable terrain for most of this era was vert. And even though there was a high level of progression occurring, to the untrained eye, skateboarding had gone stale and the popularity once again fell flat.

This lull in skateboarding led to the introduction of street skating which brings us into the 1990s. Skating during the era was at its most raw. Skaters took to the streets, to find new terrain, abandoning traditional skaters parks for something that felt more natural and could be done anywhere, by anyone.

Popularity

Skating things that occur almost anywhere, like sets of stairs, handrails, benches, curbs, and just about anywhere four wheels can roll. From there, skateboarding has been a nonstop, uphill climb to what it is today.

At its core, skateboarding has traditionally been for the underdogs, the outcasts, the misfits, and in result has been thought of negatively by a large major of its existence. But now, with generation of young adults who grew up with skateboarding and the exposure at an all-time high, the future of skateboarding is looking bright.

Mountain of light: Kohinoor

Kohinoor, which means mountain of light, is a colourless Diamond which was discovered in the mines of Guntur in Andhra Pradesh somewhere in the 13th century. It was the biggest Diamond ever known to mankind during that time.

Currently, this Diamond is embedded in the Queen’s Mother’s crown. Governments of India, Pakistan, Iran and Afghanistan have all claimed the ownership of this Diamond, but the UK governments has denied it stating that it was obtained legally.

Journey

Kohinoor has rich history behind it, though it is generally believed that this Diamond was discovered in 13th century during the kakatiya dynasty rule. There are scholars who dispute saying that the Diamond was discovered in the 16th century in Golconda. Kohinoor was taken by Alauddin Khilji who’s army defeated the Kakatiya dynasty.

It was with the Mughals most of the time after it’s discovery. However, Mughal lost the battle against Nadirshah in 17th century. It was Nadirshah who took the diamond from the Mughals and named it Kohinoor. After Nadirshah’s death, the diamond was passed on to Ahmad Shah Durrani who was his General.

After that Kohinoor was later gifted to Ranjit Singh by the Durrani dynasty during early 18th century. However, British East India Company defeated Ranjit Singh’s army in mid 18th century and took possession of this Diamond. Kohinoor was later shipped to Britain and the diamond was gifted to Queen Victoria in 1850 and Kohinoor has been in possession of the Royal Family since then.

Cursed?

An ancient Hindu text describe this diamond as

He who owns the diamond will own The World, but will also know all its misfortunes. Only God and women can wear it with impunity.

Well by the consequences that we have seen so far it is quite evident that whoever has owned this diamond we’re either defeated or died.

  • Kakatiya dynasty (original owner) defeated by Alauddin Khilji
  • Alauddin Khilji died shortly after that and the diamond was passed on to Mughals.
  • Mughals lost the war to Nadirshah weakening their army.
  • Nadirshah died while Kohinoor was in his possession.
  • Ahmad Shah Durrani died while Kohinoor was in possession.
  • Ranjit Singh had Kohinoor with him when he lost the war with British.
  • British Empire started losing hold on its colonies including India when they had Kohinoor

This supposedly curse of Kohinoor in Britain. Only the Queen is allowed to wear the Kohinoor diamond. Men are prohibited in using it. With such a history of blood and violence behind it, no wonder this diamond has generated more curiosity in people over a period of time. We might not know if this diamond will come back to India, but the bigger question is will this be a blessing of disguised for India.

New ‘Drone strategy’ reported; no exceptional status needed before enlistment.

The Center on Thursday declared another robot strategy. Under the Drone Rules 2021, the inclusion of robots expanded from 300 kg to 500 kg, and will incorporate weighty payload-conveying robots and robot taxis.

Furthermore, the new robot rules eliminate trusted status before any enlistment or permit issuance.

In view of the input, the Ministry of Civil Aviation (MoCA) said it chose to annul the UAS Rules, 2021 and supplant something similar with the changed Drone Rules, 2021.

The Aviation service had distributed UAS Rules, 2021 in March.

               Here are 30 vital elements of Drone Rules 2021:

1.According to the Civil Aviation Ministry, a few endorsements annulled: remarkable authorisation number, one of a kind model recognizable proof number, declaration of assembling and airworthiness, testament of conformance, authentication of support, import leeway, acknowledgment of existing robots, administrator grant, authorisation of R&D association, understudy distant pilot permit, far off pilot teacher authorisation, drone port authorisation and so on

2.Number of structures decreased from 25 to 5.

3.Types of expenses diminished from 72 to 4.

4.Quantum of charge diminished to ostensible levels and delinked with size of robot. For example, the charge for a far off pilot permit expense has been diminished from ₹3,000 (for enormous robot) to ₹100 for all classes of robots; and is substantial for a very long time.

5.Digital sky stage will be created as an easy to understand single-window framework, the Civil Aviation Ministry said in an articulation.

6.Interactive airspace map with green, yellow and red zones will be shown on the computerized sky stage inside 30 days of distribution of these standards.

7.No authorization needed for working robots in green zones. Green zone implies the airspace up to an upward distance of 400 feet or 120 meter that has not been assigned as a red zone or yellow zone in the airspace map; and the airspace up to an upward distance of 200 feet or 60 meter over the space situated between a horizontal distance of 8 and 12 kilometer from the border of a functional air terminal.

8.Yellow zone diminished from 45 km to 12 km from the air terminal edge.

9.No far off pilot permit needed for miniature robots (for non-business use) and nano drones.

10.No necessity for exceptional status before issuance of any enrollment or permit.

11.No prerequisite of Type Certificate, novel recognizable proof number and distant pilot permit by R&D elements working robots in own or leased premises, situated in a green zone.

12. No limitation on unfamiliar proprietorship in Indian robot organizations.

13. Import of robots to be controlled by DGFT.

14. Requirement of import freedom from DGCA nullified.

15.Coverage of robots under Drone Rules, 2021 expanded from 300 kg to 500 kg. This will cover drone taxis moreover.

16.DGCA will endorse drone preparing necessities, regulate drone schools and give pilot licenses on the web.

17. Remote pilot permit to be given by DGCA inside 15 days of pilot getting the far off pilot endorsement from the approved robot school through the advanced sky stage.

18.Testing of robots for issuance of Type Certificate to be done by Quality Council of India or approved testing substances.

19. Type Certificate required

20.Nano and model robots (made for examination or amusement intentions) are absolved from type confirmation.

21.Manufacturers and merchants might produce their robots’ extraordinary ID number on the advanced sky stage through the self-accreditation course.

22.Drones present in India at the latest November 30, 2021 will be given an extraordinary ID number through the computerized sky stage gave, they have a DAN, a GST-paid receipt and are essential for the rundown of DGCA-supported robots.

23.Standard working methods (SOP) and preparing strategy manuals (TPM) will be recommended by DGCA on the advanced sky stage for self-observing by clients.

24.. No endorsements required except if there is a huge takeoff from the recommended strategies.

25.Maximum punishment for infringement decreased to Rs1 lakh.

26.Safety and security highlights like ‘No consent – no take-off’ (NPNT), continuous following reference point, geo-fencing and so on to be told in future.

27.A half year lead time will be given to the business to consistence.

28.Drone passages will be created for load conveyances.

29.Drone advancement committee to be set up by Government with cooperation from the scholarly community, new businesses and different partners to work with a development arranged administrative system.

30.There will be insignificant human interface and most consents will act naturally produced, the association flight service added.

Why India can’t have an Official Language

Our Home Minister Amit Shah mentioned about promoting one nation, one language in one of his tweets in 2019. He also added that it should not be done at the cost of other languages. Some of us might know that 14th September is celebrated as Hindi Diwas in our country. So why can’t we have Hindi as an official language?

Critics

After Amit Shah statement, critics said that if Hindi becomes the official language, then other languages like malayalam, tamil, telugu and more, will lost their importance. South Congress leader Jairam Ramesh also said “this one nation, one language will never be a reality” because it will never be easy to have a common language in India.

Also in the New Education Policy (NEP) draft in the year 2019, Hindi was asked to make mandatory in every state. This was also criticized by the South Indian governments and they refused to dilute the state’s two language formula. This resulted in changing the draft and not to have Hindi as an official language.

Steps taken

India is a big nation, so there should be a language that will represent India on world stage. Talking about Hindi, it is spoken in India, Fiji, Suriname, Mauritius, Trinidad, Tabogo and Guyana. So India is working actively to have Hindi recognised as an official language of the UN.

Advantage of having an official language

A Chinese research concluded that

  1. When we have an official language, it can even help to eliminating poverty. As China have experience in fight poverty so we can also learn the power of having an official language.
  2. China also mentioned that an official language also helps in having communicate without any language barrier.
  3. Official language also help to built unity among the citizens
  4. Also helps when people migrate from one city to another, as they can communicate in the same language.

Disadvantage of having an official language

According to the 2001 Census, 41% of India population are native speaker of Hindi dialect. But what about 59% of the population who are non – Hindi speakers? Politician Shashi Tharur said

India should not even try to add Hindi to the list of official language of UN because what if in future our PM is from South part of India and does not speak Hindi, then how will he give speech in Hindi on behalf of India.

But apart from all these we still agree that there should be an official language for a country to function.

As per as official language is concerned,

  1. English is also been promoted in India. Promoting English can result in heavy school fees, as we’ll have to teach the whole population to speak English.
  2. Enough English teacher will also be required and if not then it won’t be successfully become the official language.
  3. This will also result in neglecting the weaker section of the society who won’t be able to speak English and their career opportunity will get affected.

Eventually we need to figure out to take a right decision about official language and keeping in mind of the consequences that could possibly be in long terms situations.

Banned cartoons and their reasons

You may have came across the word “ban” Or “censored’ used in movies, but do you know these terms are also used for some cartoons in some countries which are liked by other countries. Let’s have a look at some popular cartoons which are banned in some countries and their reasons.

1. SpongeBob SquarePants

This is the longest running Nickelodeon show ever. It got banned because of violence and foul language which are used in this show. Countries like Russia, America and 120 others have banned this show from watching.

2. The Simpsons

This is America’s most popular cartoon show till now. This show had scenes where public figures like Donald Trump, were insulted. This show also promoted disorderly behavior which were totally misleading for kids. After sometime, the show is now available to watch, but there has been argument going on this show as countries like US have censored this cartoon show.

3. Mickey Mouse

This is world’s first cartoon show which had voice, and the first word that Mickey Mouse said was “Hot Dogs”. This cartoon show got banned in 1930s in the Romanian region because Romania government stated that big Mouse in this cartoon will scare the kids rather than making them laugh.

4. Doremon

This is a Japanese cartoon show which is ban in more than 50 countries because of the character Nobita. The Nobita character is a lazy character who always depends upon the character Doremon for helping gadgets. An argument concluded that the Nobita character was promoting laziness, procrastinating, etc, which resulted in banning.

Cartoon shows should be developed keeping kids as their main audience. It should have the simplicity and cleanness that attract audience and also focusing on the impact and effect that it’ll leave mainly on audience. That’s why shows that promotes foul language can always make a big effect on kids. This makes banning a healthy and better option.

ARTIFICIAL INTELLIGENCE

In our everyday life, we study and see that new innovation is arising step by step. The degree of reasoning had changed. Our researchers have made a few exceptional things. Not many of them are identified with our knowledge. Presently we see that programmed machines, robots, satellites and our cell phones all are instances of man-made brainpower.

At all intricate terms, Artificial Intelligence suggests developing the ability to think and grasp and make decisions in a machine. Man-made thinking is seen as the most reformist kind of programming, and it makes a mind where the PC frontal cortex can think like individuals.

What is Artificial Intelligence?

Man-made mental ability (AI) or “man-made thinking” is a piece of computer programming, which is making machines that can think and work like individuals.

Not many models for this are: acknowledgment of sound or voice, issue dealing with and settling, educating, learning and arranging. It is the information displayed by machines as opposed to the ordinary understanding displayed by individuals and animals.

It expects to make a PC controlled robot or programming that can think likewise as the human mind thinks. Electronic thinking is persistently being set up to make it extraordinary.

In its planning, it is shown understanding from machines, is set up to keep awake with new information sources and perform human-like tasks.

Thusly, by the use of Artificial Intelligence, such a machine is being made. This can team up with its condition and work cautiously on the data got.

In the event that the AI idea, later on, is more grounded, by then, it will take after our partner. In the event that you get an issue by then, you will educate yourself for it.

History of Artificial Intelligence

1950 was in like manner the year when fake knowledge research started. Assessment in AI began with the improvement of electronic PCs and set aside program PCs.

A lot after this, for quite a while, an association couldn’t interface a PC to think or behave like a human mind. Thereafter, an exposure that extraordinarily revived the early headway of AI was made by Norbert Wiener.

He has showed that all innovative lead of people is the outcome of the reaction segment. Another movement toward present-day AI was when Logic Theorist was made. Organized by Newell and Simon in 1955, it is seen as the chief AI program

Father of Artificial Intelligence

After numerous investigations, the person who set up the structure for counterfeit knowledge was the father of AI, John McCarthy, an American analyst. In 1956, he made a get-together “The Dartmouth Summer Research Project on Artificial Intelligence” to furthermore develop the field of AI.

In which every last one of those people who were enthused about machine understanding could participate. The inspiration driving this social affair was to attract the capacity and authority of captivated people to help McCarthy in regards to this task.

In later years the AI Research Center was outlined at Carnegie Mellon University similarly as the Massachusetts Institute of Technology. Close by this, AI moreover went up against numerous hardships. The essential test they faced was to make a system that could deal with an issue gainfully with practically no investigation.

The ensuing test is building a structure that can get to know a task with nobody else. The chief forward jump in man-made cognizance came when a Novel program called General Problem Solver (G.P.S) was made by Newell and Simon in 1957.

Kinds of Artificial Intelligence

Man-made reasoning is assembled into four kinds, Arend Hintze thought about this course of action; the classes are according to the accompanying –

Responsive machines – These machines can react to conditions. A prominent model could be Deep Blue, the IBM chess program. Exceptional, the chess program was won against the notable chess legend Garry Kasparov.

Additionally, such machines need memory. These machines totally can’t use past experiences to teach future people. It separates every single under the sun decision and picks the best.

Confined Memory – These AI structures are good for using past experiences to enlighten future people. Rather than responsive machines, it can make future assumptions subject to encounter. Self-driving or programmed vehicles are an illustration of Artificial Intelligence.

The speculation of the cerebrum – You ought to be stunned to understand that it suggests getting others. It infers that others have their feelings, objectives, needs, and sentiments; this sort of AI doesn’t yet exist.

Care – This is the most raised and most complex level of Artificial Intelligence. Such systems have a sensation of self; likewise, they have care, mindfulness and sentiments. This strategy doesn’t exist yet. This Technique will be a commotion.

Benefits of Artificial Intelligence

Mechanized thinking benefits researchers in monetary angles and law, yet moreover in particular educating, for instance, validness, security, check, and control.

A couple of cases of development, for instance, organization assist with diminishing disease and hardship, making AI the most critical and most conspicuous creation in mankind’s set of experiences. Some critical benefits of AI are according to the accompanying –

Mechanized Assistance – Organizations with an impelled gathering use machines in light of a legitimate concern for individuals to connect with their customers as an assistance gathering or arrangements bunch.

Clinical Applications of AI – One of the main central marks of AI is that it is used in prescription, utilization of man-made cognizance called “radio a medical procedure”. It is correct now used by gigantic clinical relationship in the recuperating movement of “growths”.

Abatement of Errors – Another unbelievable bit of space of Artificial Intelligence is that it can reduce slip-ups and increase the probability of showing up at higher precision.

Conclusion

It is concluded that artificial intelligence is an essential invention of human development. It depends upon the correct usage.

If we use it rightfully for the sake of humanity and development, then it will be a boon for us. We should not use it for losing any other. Our motto should be clear in using artificial intelligence.

Must share your thoughts regarding artificial intelligence below in the comment section. Hope you liked this essay on artificial intelligence.

Organ Donation: Myths and facts

Every years, many thousands receives the gift of life, a life saving transplant of Heart, Kidney, Liver, Lungs, Pancreas and Interesting. And thousands more people receive Corneas and other tissues that restore sight and health. Organ transplantation is one of the medicals advances of our time.

How does it work?

It all starts when someone’s organ begins to fail and that person will need a transplant to survive. The steps are as folllow:-

  1. A through evaluation is conducted at a transplant centre and the person is a good candidate for transplant, he or she will be put into the National Transplant Waiting List.
  2. Once a person is on the waiting list, the wait for organ begins.
  3. A national system matches people on the waiting list with donors. That factors matching donors to recipient includes
    • Blood type
    • Body size
    • How sick the patient is
    • Distance from donor
    • Tissue type
    • Time on list

What isn’t taken into account, organs are never matched based on

  • Race
  • Gender
  • Income
  • Celebrity
  • Social status

There is no telling how long the wait will take. Infact, some people don’t receive an organ in time, because the Waiting List is really long and there aren’t enough donors available. That’s why an average of 20 people on the Waiting List died each day. Imagine how many could we save if we all were donors.

Becoming a donors

Most of organs transplant comes a deceived donors. For example, a person comes to the hospital with a life threatening brain injury, such as from an accident, stroke, our lack of oxygen. The doctors work hard to save them patients life but sometimes nothing can be done. There’s a complete, irreversible loss of brain function. The patient is clinically and legally dead.

Thats when being a donor can turn a time of loss into a time of hope. Because machines have blood containing and oxygen flowing into the organs, they can be passed along. One person can give life to as many as eight people through organ donation, and enhance the lives of fifty people or more with eye and tissue donation. But now minutes matter, matches must be found and transplants must happen quickly.

Organ Procurement organization

The hospital contracts an Organ Procurement Organization (OPO), it manages the recovery process. The OPO checks the state of organ donor registry, if the person is already registered as a donor they inform the family, if not they’ll ask the family to authorise donation.

A medical examination is taken place. They check the medical and social history and the person is eligible to be an organ donor, the computer begins to search on the National Waiting List for well matched patients The best matched patients are contracted by the transplant team. This is the call that every person on the Waiting List was waiting for.

The Transplant

A surgical team recovers the organs, then Corneas and other tissues. The organs are sent to the transplant hospital where patients and transplant teams are waiting and the life saving transplant takes place. It will take health living and medication to keep the organ working well in its new home.

You too could make the decision today, sign up on your state registry as an organ, eye and tissues donor, any age is the right age, Young or old, any day is the right day to sign up as a donor. You can register through your drivers license or you can register online. Remember to tell your family so that they can support your wishes. More than 1r5 million people have already registered, and we all need to save kore lives. So let’s share the gift of life.

Why do Insectivorous plants exist?

If you find insectivorous plants strange and fascinating then this blog is for you.

What are insectivorous plants?

Insectivorous plants are those plants that derive some nutrients by trapping and consuming animals, mainly insects.

Categories of being insectivorous

There are essential two things that a plant has to do to be considered insectivorous:-

  1. Ability to take nutrients from dead prey:- a plant should have the ability to trap the prey and absorb nutrients from it. Those prey is usually insects or small vertebrates like, salamanders. It is not enough for the plant just to have defenses that can kill an animal that’s trying to snack on it. It also has to get it’s animal’s nutrients.
  2. At least have one adaption:- the plant need to have one adaption that actively lures in, catches, or digests it’s prey.

Doing at least one of these things and absorbing the nutrients for it’s benefit make it a insectivorous plant.

Plant traps

Over millions of years and across hundreds of species, plants have developed five different types of traps, most of them are from different times. And traps can be passive, if prey just fall into them and can’t escape, or active, if plant actually moves to catch its prey.

  1. Pitcher plant:- pitfall traps are the standard and passive trap used by plants like pitcher plants. Prey lands on the plants slippery surface and slides down into a pool of digestive juices.
  2. Sundews:- these are flypaper traps in which the prey become stuck in a sticky substance that is produced by the plant leaves. These traps can be passive as well as active. Sundews have sticky moving tentacles that react to contract with prey.
  3. Venus fly trap:- these are snap traps which are active, using rapid modified leave
  4. Bladderworts: they have bladder-suction. This creates little negative pressure vacuum inside their traps, which, when triggered by prey, pop open and suck the victim inside before snapping close.
  5. Lobster-pot trap:- they passive traps that force prey to move towards the plant’s digestive organ by having little inward pointing hairs that keep prey from moving backward out of the trap.
Venus fly trap
Lobster-pot trap
Bladderworts
Sundew
Pitcher plant

All of these unrelated plants have not only developed the same kinds of traps but it looks like they have also developed that same molecular mechanism for digesting their prey.

Reason of existence

It goes back to idea of convergent evolution. All these different insectivorous plants are responding to similar environmental pressure:-

  1. Found in open sunny places that have moist but nutrients – poor – acidic soil. Many of them live in bogs and fens.
  2. In these kind of habitat where nitrogen and phosphorus is not present in the soil, the plant tend to developed two kinds of leaves one for normal photosynthesis and one that are modified onto their particular type of trap.
  3. This results them to invest more in modified leaves than normal photosynthesis leaves as they have to live in a place with enough sunlight as well as to trap preys

Insectivorous plants can stop paying carnivorous temporally once they’re put in nutrients rich soil and if they don’t get enough sunlight and water.

Insectivorous plants are pretty rare and they are only found in certain kinds of habitats, they are just less likely to fossilize than other kinds of plants that are more widespread.

WHY RBI WANTS US TO REMEMBER CREDIT CARD/ DEBIT CARD DETAILS?

The Reserve Bank of India (RBI) is stubborn about its amended rules on the information stockpiling strategy. The RBI has dismissed the proposition made by installment door organizations as to the new guideline that may kick in from January of 2022. The modified guidelines forestall installment aggregators and vendors like Amazon, Flipkart and Netflix from putting away the data of a client’s card on their workers or information bases. The bank goes about as a significant contact between the client and the aggregators. The new change additionally implies that clients with charge cards or Mastercards should punch in their 16-digit card number each time they continue to make an exchange. This will dial back the accommodation, all things considered, yet the point of this change was to get the card data and ensure that installment administrators are not putting away the information on the framework.

Why you Should Memorize those 16 digits on your Credit/Debit Card?

The progressions happen from January 2022 as is normal, then, at that point clients should enter their 16-digit card number, alongside the expiry date and the CVC for every single exchange. This will apply whether you are doing it on a shipper site or online business stage. This will be particularly unwieldy to the clients who have more than one card or have different running memberships, yet toward the day’s end, the fact is wellbeing and information security. That being said, it would work well for you to retain those 16 numbers to streamline the interaction however much as could reasonably be expected.

Try not to Expect Any Rewards Anytime Soon:

The aggregate of the internet business installment model deals with information that is put away; these organizations utilize this information to showcase new things to client socioeconomics dependent on the data they have. This prohibition of information stockpiling will make it harder for them to focus on their clients with explicit arrangements or offers. Tokenisation is one potential arrangement that these players may execute however that would mean concealing the card subtleties with codes.

Going to UPI:

With greater security protracting the course of checkout or exchange, UPI may turn into the more preferred technique for installment. Lately UPI installment strategies have gotten extremely mainstream for their fast and simple installment frameworks. Clients with charge cards may think that it is a lot simpler to utilize UPI for paying on dealer stages.

What Changed?

As the new standards have not come into full impact yet, dealer destinations and instalment doors permit cardholders to store their information on their data sets with just a slim layer of safety to check. Typically, this is finished with the CVV (card check esteem) and a one-time secret phrase (OTP). The RBI dismissed this and the interest for an annulment in the new rules. The peak bank needed to acquire the new rules in July itself however needed to delay it by a half year because of banks not being prepared for it yet. The RBI has done an amazing job to guarantee undeniable degrees of client security as the new principle will keep instalment aggregators from putting away client card subtleties on their foundation that are gotten to by shippers.

When the new rules become effective, even approved card administrators cannot get to information for smooth preparing of chargebacks, complaints, and settling issues. Despite the fact that the speedy and simple cycle is to some degree upset, it guarantees the security of the information, which is at last the best norm of tasks.

Sleepwalking

Did you ever Sleep walked? Here’s what I came to know that every 1 out of 3 kids aged between 4 to 8, sleep walk. And that’s a lot by the way.

Sleep walking formally known as Somnambulish is a strange phenomena where people get up and do things in their sleep, sometimes more than just walking and when they wake up they don’t have any recollection of what they were doing. Moreover, if they find way back to their bed they may not ever know that they were sleep walking.

Sleep walking is nothing about embarrassed about though or terrified for that matter, it’s relatively common. In a recent study Stanford found that 1 out of 3 people sleep walk at some point of their lives. It is specially common among children, between the age of 4 and 8. So what happened when we sleep walk.

Reasons

A leading theory about why we sleep walk is:-

  • In normal sleep cycle, your brains motor system continues to issue physical commands to the body.
  • Whereas those who sleep walks are suppressed by sleep chemical called GABA.
  • GABA access act as a break in your brain, it brings your mind and body down to rest by neutralizing Glutamate a chemical that causes excitement.
  • In sleep walkers there’s a glitch in the process that suppresses your boby from moving around namely that you don’t produce GABA.

So that’s why you are moving around when you’re still asleep. There are few causes of GABA deficient in the body:-

  1. Genetic sleepwalking :- when sleepwalking runs in the family
  2. Underdeveloped system:- when the boby simply hasn’t matured enough to produce the proper amount. That’s why it is more common amongst kids.
  3. Depression:- Those who suffer from depression are three times as likely to sleep walk.

Myths

You would have probably heard about the myth that you shouldn’t wake a sleepwalker because they’re going through a psychotic rage that could even kill you. But these are myths, if you see anyone sleepwalking, you are asked to wake them up gently, especially if they are in the kitchen or holding a knife.

Recently there was a story about a lady who drove 190 miles in her sleep without hurting or killing herself or anyone. She should be definitely called lucky.

If I were the Prime Minister of India

A country blessed with enormous species, spices, and reserves, popularly known as Incredible India is the only place holding the largest democracy. The opportunity to be the Prime Minister of such a vast country is nothing less than a blessing. I would have put in every effort to take the nation to the top.

Although it is gifted, no country is without flaws. The position which it holds today is due to all the accomplishments it acquired after conquering the obstacles posed by the foreign invaders.

The biggest problem nationwide is poverty. I would have taken the first step to eradicate it with the help of education. Promising infrastructure and equipment at government schools would have been capitalized for the needy. Without any discrimination, the students of government and private schools would have been taught by world-class teachers in a friendly environment. Therefore, following the saying, “education is the key to success” would have been applied for the bright future of Indians.

The next step would be taken for the graduates to aid them with suitable jobs based upon the skills rather than merits. Officials would be appointed to keep a check upon the data and ensure everyone is getting equal rights. The money earned through jobs would be in turn used in the economy as consumption of resources. And considering that the basic necessities like shelter, food, and clothes would be fulfilled at minimal costs and good quality. Hence, the cycle of economy will be balanced properly.

The nation depends upon assets, and ensuring the safety and health of the working class is essential. High taxes will be levied from the wealthy and accustomed to building techno-savvy devices for hospitals and the defense army. In all, it will lead to proportional distribution of resources.

Governing the region is not a one-time investment but a moving process that should be revised with time. All the hands would be joined, within the five years in which I will be employed.

127th Amendment Bill, 2021: The way to comprehensive turn of events

Indian Constitution is well known for the social designing of a conventional society, to change it from the customary progressive request into a cutting-edge libertarian country, where positive segregation in the blessing of least advantaged areas of the general public, is looked as a system for advancement and development. Indeed, Right to Equality cherished in Article 15 and Article 16 plans to appear the longing of Constitution producers of India to carry thorough development to individuals of India. One of the systems to guarantee equity is the possibility of reservation in training in the state-run establishment just as work in the public authority and public area. As to Schedule Castes and Schedule Tribes instance of the booking is quite clear. Be that as it may, the account of reservation has seen many good and bad times on account of the Other Backward Communities.

In India, there has been a background marked by the backwardness of networks outside of the pale of timetable positions and clans. Rank System in our nation is a perplexing snare of social association where standing personalities advise person’s position in the customary social request. Notwithstanding, the issue with the standing framework is that for the sake of societal position it has prompted the double-dealing and inside and out torment of the lower stations throughout the long term, justifying the sear of pioneers like Baba Sahib Ambedkar, Jyotiba Phule and others. It is to guarantee the comprehensive advancement of individuals from the lower positions under the aegis of the Indian government assistance state, reservation is given. Truly, OBCs are those networks which fall in the middle of the least rungs of positions and the higher standings. Their issue is financial backwardness. To survey their backwardness different advisory groups from Kalekar Committee to Mandal Committee were establishes to distinguish the networks which are really in reverse, to bring them under the umbrella of State supported government assistance. It is in this light that the Hundred and Twenty Seventh Constitution Amendment Bill, 2021 should be seen.

127th Constitution Amendment Bill: States right to make Inclusive OBC list

The new revision bill was presented following quite a while of organization of the booking systems for the Obc’s. Starting from the giving the sacred height to the National Commission for the Backward Communities in 2017, the NCBC was made the nodal office to manage the issues in regards to OBCs including a pivotal part of complaint redressal which was being managed by the National Commission for Schedule Castes. The revision gave a solid balance to the OBCs by guaranteeing the institutional component and sacred status. Nonetheless, in ongoing past there have been many issues which have sprung up with respect to consideration/prohibition of networks in the OBC list. One of the significant mixes was brought about by the interest for the OBC status to Maratha people group in Maharashtra. This interest has seen cases and counter cases in different echelons of Judiciary. Yet, the Hon’ble Supreme Court judgment of 2021 completely made Central Government the watchman of OBC list. It put the Center in an off-kilter position since it has been the states which are principally liable for the government assistance of their residence. Additionally through this judgment, by one assessment, around 671 networks were kept out of the ambit of OBC classification, getting them far from the advantages that this booking involves.

The effectivity of 127th Constitution Amendment Bill 2021 should be surveyed against this foundation. The revision has enabled states to add networks to OBC list. It has enabled NCBC to be counseled by states in the matter concerning OBCs. It is a significant revision for different reasons. First and foremost, this change permits state governments to add networks to the OBC records that they consider fit. This proviso is huge in light of the fact that it permits the advantages of OBC reservation to reach to the grassroot level. Also, it unites the situation of NCBC, by ordering states to hold discussion with this established body in all issue identified with OBCs. Besides, this revision should be found in the light of development of the OBC reservation from advertisement hocism of early days to the more noteworthy organization of components that arrangements with the issues of OBCs, going from established status of NCBC to substantial job for states in keeping up with their OBC records. The greater clearness in this regard is a welcome advance as it will just reinforce the government assistance measures for the more vulnerable areas of our general public as embraced in the Constitution of India.

The ramifications of 127th Constitution Amendment Bill are all over. It’s undeniably true that the social design and chains of importance in India have stayed unaltered even get-togethers given to the more vulnerable networks, the synthesis of the elites in our nation is intensely shifted towards the forward positions. Reservation as a device of positive separation can be utilized to modify the social request to the advantage of the individuals who have been taken advantage of at its hands for millenniums. All the more critically, the equity that laws like this will grant will likewise guarantee social correspondence, and in the end might even modify the structure of the elites in our country. Just before 75th commemoration of India’s Independence, a fortunate advance was taken by noteworthy Prime Minister, Shri Narendra Modi for the advantages of in reverse networks of India. This choice will be an achievement for making another personality of a New India.

Alternately the meaning of this sacred alteration focuses to the more noteworthy need of advancement and development in our general public, a development that would reach to each person of India, so the requirement for reservation will become repetitive. The way that various networks need the front of OBC order is connected with the possibility that there is an immense degree for cultural improvement in India even following 74 years of our autonomy. This is a bleak reality that requirements further reflection and strategy development. Additionally, one worry that ascents from this alteration is the crystallization of rotating entryway strategy as to OBC reservation, as states will be constrained by the neighborhood governmental issues to add more current networks into their individual OBC records. This viewpoint should be remembered, in case we wind up weakening the impacts of this way breaking alteration.

All in all, the Constitution Amendment Bill has acquired sufficient measure of clearness the standard working systems of working of OBC reservation. It additionally has a gigantic potential to enable individuals from in reverse networks, upgrading their societal position through well-rounded schooling and business openings, making ready for comprehensive turn of events. In the hours of COVID-19 and financial difficulties, 127th Constitution Amendment Bill will actually want to connect the broadening bay of dejection and neediness. It will guarantee portrayal and strengthening to the networks that fall in the breaks of advancement talk in our country.

Attraction

Ever thought why do we get attract to someone? Well everyone has different answer to it. For some it can be the way one look, smiled, walk or may be their was an unusual aura around that one.

What is attraction?

Attraction, especially in a romantic way, is a complex process that take place in our brains, and has had it’s roots since it’s beginning of the humankind. It’s our minds way of telling us who has the potential to be our partner, our friend, or even our soulmate, and is based on a complex blend of our interest, values, experience, and desire. Physical and romantic attraction, which are often focused on, are only small facets of a much larger equation.

Psychologist look at the ingredients of attraction is in a form of pyramid, split into 4 different sections.

The base of the pyramid is made up of health and status:-

  • Status – 1. internal (confidence, self set, beliefs) 2. External (person’s job, possession and appearance.
  • Health – Physical attributes, smell, basic level of intelligence.

If the potential partners passes these initial requirements then we move to the center of the pyramid, which are the emotional factors:- includes

  • trust comfort someone wants,
  • their emotions intelligence, and
  • unique characteristics.

The final portion of the pyramid is “Logic”.This is the part that differentiate us from other animals, and is the part where our brains seriously

  • considers whether we are totally compatible for that person.
  • It ensure that the other person is aligned with us in term of what they want – things such as marriage, children, even the city they want to live.

According to this model, the more alignment there is, the more attraction there is, but it doesn’t always have to follow from bottom to top – like online dating.

What makes someone Attractive?

The answer to this questions make come to our mind is physical traits. Due to the influence of media, we tend to favor women who is younger, and more feminine features, in men on the other side, qualities such as broad shoulders, a deep voice, and strong jawline are highly upon.

Scientists suggest that, these also have an evolutionary origin because these traits are associated with a higher chance of producing health offspring and passing of good genes. Also, values, culture, and the environment, that we grow in also plays an important role.

Hence, attractiveness is complex, there’s a number of different perspective to consider, and at the end of the day, there’s very little we can choosing who we are attracted to. As each person looks for unique set of traits and, while physical traits are often focused there are far more factors that come into play. A person’s upbringing, behavior and even lifestyle have major influence. The most important thing to remember is to be happy and make the most of it.

Forms of Economic Analysis: Micro vs. Macro

Micro and Macro-economics

The subject matter of economics has been divided into two parts Microeconomics and Macroeconomics. These terms were first coined and used by Ragnar Frisch and have now been adopted by the economists all over the world. Nowadays one can hardly come across a text book on modern economic analysis which does not divide its analysis into two parts, one dealing with microeconomics and the other with macroeconomics.

The term microeconomics is derived from the Greek word mikros meaning “small” and the term macroeconomics is derived from the Greek word makros meaning “largo.” Thus, microeconomies deals with the analysis of small individual units of the economy such as individual firms and small aggregates or groups of individual units such as various industries and markets.

On the other hand, macroeconomics concerns itself with the analysis of the economy as a whole and its large aggregates such as total national output and income, total employment, total consumption, aggregate investment. Thus, according to K E Boulding, “Microeconomics is the study of particular fums, particular households, individual prices, wages, Incomes, individual industries, particular commodities.”

About macroeconomics he remarles, “Macroeconomics deals not with individual quantities as such but with aggregates of these quantities, not with individual incomes but with the national Income; not with individual prices but with the price level; not with individual outputs but with the national output “.

  • MICROECONOMICS

As stated above, microeconomics studies the economic actions and behaviour of individual units and small groups of individual units. In microeconomic theory we discuss how the various cells of economic organism, that is, the various units of the economy such as thousands of consumers, thousands of producers or firms, thousands of workers and resource suppliers in the economy do their economic activities and reach their equilibrium states. In other words, in microeconomics we make a microscope study of the economy.

But it should be remembered that microeconomics does not study the economy in Its totality. Instead, in microeconomics we discuss equilibrium of innumerable units of the economy piecemeal and their interrelationship to each other.

” For instance, in microeconomic analysis we study the demand of an individual consumer for a good and from there go on to derive the market demand for the good (that is, demand of a group of individuals consuming a particular group).

Examples of Microeconomic variables: Demand of a commodity, Supply of a commodity, Income of a consumer, Price of the commodity etc.

Examples of Microeconomic theories/study: Law of demand, Law of supply, Determination of consumer equilibrium, Determination of producer equilibrium etc.

-> Importance of Micro Economics

I. Price Determination:

Micro economics helps in elucidation how the prices of diverse commodities are determined.  It also explicates how the prices of various aspects of production such as rent for land, wages for labour, interest for capital and profits for entrepreneur are decided in the commodity and factor market.

II. Working of a Free Market Economy:

Free market economy is the economy where the economic pronouncements regarding production of goods such as ‘What to produce, How much to produce, How to produce etc.’ are taken by private individuals. These verdicts are based on the inclination of the consumer or demand for the product. Micro economics theory helps in grasping the working of the free market economy.

III. International Trade & Public Finance:

Micro economics helps to elucidate many international trade facets like impacts of tariff, determination of exchange rates, advantages from international trade etc. It is also beneficial in public finance to analyse both, the occurrences as well as effect of a specific tax.

IV. Utilization of Resources:

Micro economics helps in elucidating how the scarce resources can be effectually and efficiently utilized by the producers in order to achieve highest output.

V. Model Building:

Micro economics helps in grasping various complex economic situations with its modest models. It has made an imperative contribution to the science of economics by the development of numerous terms, concepts, terminologies, tools of economic evaluation etc.

VI. Helps in Taking Business Decisions:

Micro economic theories are beneficial to businessmen for taking decisive business decisions. These decisions comprise the cost of production, values, maximum output, consumer’s preferences, demand and supply of the product etc.

VII. Useful to Government:

Micro economics is that subdivision of economics which is related with the study of economic behaviour of individual economic units. It is beneficial in building economic policies such as taxation policy, public expenditure policy, price policy etc.  These policies aid the government to reach its goal of efficient distribution of resources and promoting economic wellbeing of the society.

VIII. Basis of Welfare Economics:

Micro economics endorses economic and social welfare by making finest utilization of the resources, thereby evading wastage.

  • MACROECONOMICS

Macroeconomics is a Study of Aggregates. We now turn to explain the approach and content of macroeconomics. ‘As said above, word macro is derived from the Greek word ‘makros’ meaning large and therefore macroeconomics is concerned with the economic activity in the large.

Macroeconomic analyses the behaviour of the whole economic system in totality or entirety. In other words, macroeconomic studies the behaviour of the large aggregates such as total employment, the national product or income, the general price level of the economy. Therefore, macroeconomics is also known as aggregative economics. Macroeconomics analyses and establishes the functional relationship between these large aggregates. Thus Professor Boulding says, “Macroeconomics deals not with individual quantities as such but with the aggregates of these quantities; not with individual incomes but with the national income, not with individual prices but with the price level; not with individual output but with the national output.

Macroeconomics, then, is that part of the subject which deals with large aggregates and averages of the system rather than with particular items in it and attempts to define these aggregates in a useful manner and to examine their relationships. ” Professor Gardner Ackley makes the distinction between the two types more clear and specific when he writes, macroeconomics concerns itself with such variables as the aggregate volume of output in an economy, with the extent to which its resources are employed, with the size of the national income, with the general price level”. Microeconomics, on the other hand, deals with the division of total output among industries, products and firms and the allocation of resources among competing uses. It considers problems of income distribution. Its interest is in relative prices of particular goods and services.

Examples of Macroeconomic variables : Aggregate supply, Aggregate demand, National income, Total output etc.

Examples of Macroeconomic studies/theories : Determination of equilibrium level of income, Determination of foreign exchange rate, Determination of govt. budget etc.

-> Importance of macroeconomics

Macroeconomics is a vibrant concept that studies the whole nation and works for the welfare of the economy. It is beneficial for the timing of economic variations to prevent or be prepared for any financial crisis or any long – term adverse situations. The system of fiscal and monetary policies rest on entirely on the examination of the widely held macroeconomic situations in the nation. Macroeconomics mainly purposes to help the Government and the financial bodies to fix economic stability in the country. This course of economics gives a broader viewpoint of social or national issues. The ones who want to provide to the welfare of society need to study macroeconomics. It guarantees or keeps a check over the appropriate functioning of the country’s economy and real position. The analysis of macroeconomics concepts and issues helps the economists to understand the causes and possible explanations of such macro-level problems.  Dealing with numerous economic situations through the use of macro-economic data unlocks the door for development in the country.

Six plans which PM Modi needs to arrive by any means, and need for a quantum hop in approach 2024

PM Narendra Modi’s push in his Independence Day discourse for “100% immersion” of government plans includes six key drives, which however have arrived at a huge populace up until now, need a quantum hop in the approach 2024 when Modi would look for a third term in office as PM.

As rattled off by the PM himself, these plans are Ayushman Bharat which offers free clinical protection, Ujjwala Yojana that offers free LPG associations, the twin extra security plans upheld by the public authority, Atal Pension plot, the PM Housing Scheme, and Har Ghar Jal Scheme for drinking water. Four of them carried out in Modi’s initial term and assumed a part in his 2019 success while ‘Ayushman Bharat’ and ‘Har Ghar Jal’ solely affect the ground in Modi’s second term up until now.

“Crores of individuals are getting the advantages of many plans began over the most recent seven years. Today the speed of government plans has expanded and they are accomplishing the ideal objectives. We have advanced a lot quicker than previously. However, it doesn’t end here. We need to accomplish immersion. We need to push forward with an outlook of penny percent accomplishment… for this, we don’t need to keep a far off cut off time. We need to make our goals work out inside a couple of years,” the Prime Minister said from the Red Fort.

Ayushman Bharat – Lot to be finished

Dispatched in late 2018 not long before the Lok Sabha surveys, Ayushman Bharat should give free clinical protection family front of Rs 5 lakh to almost 50 crore individuals in the country. While the plan has no objectives given the idea of the plan includes clinical help, around 10 crore recipients have cards so far to approve their qualification for the plan, suggesting that almost 40 crore recipients are still to get these cards from the Centre. Different states have likewise stretched out the plan to cover 15 crores more individuals and have offered cards to 6 crores of such individuals up until now.

The two greatest states with the most recipients, Uttar Pradesh and Bihar, are slacking on this front of appropriating cards with 1.4 Cr and 70 lakh cards dispersed so far separately however both these states have almost 10 Cr recipients each. Two crore medical clinic confirmations have been accounted for under the plan to date with claims worth Rs 25,000 crore. In any case, UP and Bihar have revealed far less affirmations up until this point, at 7.7 lakh and 2.9 lakh separately, and more modest states have performed better, showing the plan’s mindfulness in UP and Bihar isn’t as wanted up until this point.

Ujjwala Yojana — Best Saturation

The free LPG association plan of Ujjwala was finished in front of the cut-off time in 2019 for eight crore recipients who didn’t have a gas association in the country. This was a distinct advantage conspire for the Modi government in the 2019 races. PM last week dispatched a second form of the plan in which one crore more recipients will get a free LPG association that is relied upon to convert into full LPG entrance in the country. Inside seven days of the dispatch, more than three lakhs of these associations have been given out and the public authority might accomplish its objective in 2021 itself.

Two Life Insurance Schemes — Need a Push

The two disaster protection plans dispatched in Modi’s initial term have seen unassuming improvement and have scope for more inclusion. They are wilful. PM Suraksha Bima Yojana (PMSBY) has 23.6 crore recipients as of date between the age of 18-70 who pay only Rs 12 as an expense in a year to get inadvertent extra security of Rs 2 lakh. The take-up of the PM Jeevan Jyoti Bima Yojana (PMJJBY) is lesser at just 10.5 crore recipients between the age of 18-50 who pay Rs 330 every year for a front of Rs 2 lakh if there should be an occurrence of death.

There are almost 55 crore individuals in the country in the age gathering of 18-50 years and around 65 crores in the age bunch 18-70 years.

Atal Pension Yojana — Big Scheme, Low Uptake

Just 3.13 crore individuals have selected themselves into the Atal Pension Yojana dispatched in PM Modi’s initial term as a feature of an aspiring point of a ‘general government backed retirement framework’. The plan is near the public authority’s heart as it offers a month-to-month annuity of Rs 1000 to Rs 5000 to any individual get-togethers age of 60 years relying upon how much premium he decides to pay, moves the annuity advantage to the companion of the recipient after their demise and moves the whole corpus of benefits abundance till the age of 60 years to the candidate after several passes away. The plan is available to anybody between 18-40 years old to join and this age bunch has more than 45 crore youngsters in the country.

PM Housing Scheme — 2022 point

This is one plan that is doing sensibly well against its aggressive objective of giving each vagrant a house before the finish of 2022. Against a new objective of conveying about 2.67 crore houses before the finish of 2022, 1.53 crore houses (60%) have been finished up until now and another 48 lakhs have been endorsed and are in different phases of development. The public authority is expecting to finish 2.01 crore houses consequently by March 2022 and the remainder of the objective (65 lakh houses) before the finish of 2022. Large states like Maharashtra and Tamil Nadu are anyway battling, covering under half and 40% generally speaking objective of theirs individually up until this point.

Har Ghar Jal — Game-Changer for 2024?

The funnelled drinking water for all plan dispatched in Modi government’s second term on Independence Day in 2019 could be the genuine distinct advantage for the BJP come 2024, as it has an objective for culmination around the same time. Just 17% of the nation’s families, about 3.2 crore, had faucet water associations when the plan started, and this has effectively ascended to 42% as of date with 4.7 crore associations given over the most recent two years. The Center has an aggressive point of going after the plan early in 2023, preceding the overall appointment of 2024. For that to occur, the greatest territory of Uttar Pradesh should beat as it actually has just 17% faucet water immersion with 32 lakhs out of 2.6 crore families covered up until this point. West Bengal, Jharkhand, and Chhattisgarh have under 15% inclusion. Rajasthan is at 20%.

Narendra Modi’s words from Red Fort are a message additionally to focal government divisions running these plans to propel themselves for 100% immersion. “The greatest benefit of this 100% achievement rate is that nobody stays denied of the advantages of the public authority plot. At the point when the public authority works with an objective to contact the individual in the last line, really at that time there is no separation and there is no degree for debasement,” the PM focused from the Red Fort on Sunday.

ECONOMICS OF MONEY

HOW MONEY ORIGINATED?

            Money is neither invented nor discovered. It evolved over years. Several centuries ago, there existed a system named the barter system. The barter system is the system where the goods and services are exchanged with each other. For example, If a person says X sells vegetable to another person Y, then the person Y have to sell fruits to the person X. Thus they exchanged goods between them. As time evolves, yellow metal and paper currency was used by the people. The yellow metal is nothing but gold, silver. In this system, the people used gold and silver to buy goods and commodities. As time evolves, the government has said that no need to use gold metals and they will issue notes, i.e, currencies with the value written on them. The government has ordered everyone to use and accept this. As long as people trust the system introduced by the government, paper currency is available. This is how money evolved over a while. Today, there are multiple forms of money. They are credit cards, debit cards, mobile banking, electronic wallets.

HOW DO WE SPEND MONEY?

            There are five forms of spending. They are needs, wants necessities, comforts, and luxuries.

NEEDS: Needs are the things that you must require at that time. Some of the common needs of a man are food, clothing, shelter, transport, communication, education. For example, as a college student, you need to have a phone since many study materials have been sent to your devices.

WANTS: Wants are the thing that you desire to have. Unlike needs, wants have options to choose from. If you do not have those things, it will not affect you. For example, well-furnished home, time-saving home devices, AC rooms, etc.,

NECESSITIES: Necessities have been categorized into three types: 

  • Necessities for life: This includes the basic things you need to run life on earth. Example: Food, clothing, and shelter.
  • Necessities for efficiency: This includes the bike for college students, a car for a businessman.
  • Conventional necessities: It is a social habit of practicing some habits. For example, people spend more money on wedding receptions.

COMFORTS: Comforts are the things that make life more enjoyable. The examples include a Well-furnished home, AC bedrooms, etc.,

LUXURIES: Luxuries represents the higher strata of spending. For example: Having a BMW car, buying diamonds.

       The important point is that needs and wants change with time. For instance, when you are a college student, having a Macbook pro is want. But when you are in the corporate world, having a Macbook pro becomes the need. Necessities, comforts, and luxuries will also differ from time to time and people to people. In the 1990s having a phone is a luxury, in 2000 having a phone is comfort and now it is a necessity to have a phone.

TAX, SAVINGS, AND INVESTMENT:

TAX: The part of our earnings has to be paid to the government in a form of taxes. The reason why we have to pay the taxes is that the government sets up the environment for our earnings. Taxes enable the government to maintain the city infrastructure by providing good roads, hospitals, and transports. To be a good citizen, we must pay the taxes honestly. The tax rate will be increased if some of the people are not paying their taxes properly. Once we paid the tax, then that money will be the government’s money. There are two types of taxes namely direct tax (income tax) and indirect tax (GST).

SAVINGS: Savings is the money that remains after you spend the money from your earnings. You can put your money in a savings bank account. The money in your account will be safe. The ability to convert them into cash is high. The rate of risk is low in a savings account. If you need money within one year, then put the money in a savings account. The ideal equation is INCOME-SAVINGS=EXPENSE.

INVESTMENT: You can invest the money in bank deposits, mutual funds, equity shares, fixed deposits, gold. The return of the money will be higher or lower. The risk of losing money varies by the investment you made. It is a long-term process generally more than 2 years. The liquidity depends on the type of investment. If you want to need the money a few years later, then invest the money.

ENTREPRENEURSHIP

       An entrepreneur is an individual who has the capacity and willingness to run a business by knowing the risks to make profits. The process of setting up a business is known as entrepreneurship. It needs a business model, capital coupled with vision, enterprise, and industry. It is an integral aspect of any community, society, and nation to succeed in an ever-changing competitive global marketplace. An entrepreneur must spot opportunities, manage risks, and face challenges. He/she needs to take accountability and responsibility for success or failure.

WHO IS AN ENTREPRENEUR?

  • Is visionary
  • Is an investor(capital or fund)
  • Is a risk-taker
  • Is an Innovator
  • Is future-oriented
  • Is an enterprise creator.

QUALITIES OF AN ENTREPRENEUR

  • CREATIVE THINKING: An entrepreneur must have creative thinking, motivation, conviction, and passion. He/she must be able to analyze the problems and bring proper solutions.
  • LEADERSHIP ABILITY: An entrepreneur should have leadership abilities. So that he splits the works into groups and can finish the work without any conflicts.
  • BUSINESS MANAGEMENT: He/she should possess business management skills. He should protect the organization’s secrets from competitors.
  • COMMUNICATION ABILITY: He/she should have the ability to build connections and networking. Good communication skills always bring a benefit to the entrepreneur. He/she should maintain good relations with customers, partners, and employees.
  • OPPORTUNITY GRABBER: An entrepreneur should be an opportunity grabber.
  • TECHNICAL KNOWLEDGE: An entrepreneur should possess sufficient technical knowledge.

ENTREPRENEURSHIP, INNOVATION, AND IPR

        Entrepreneurship, Innovation, and IP Rights (Intellectual Property Rights) can create sustained impact in the ecosystem. Entrepreneurs should bring innovative ideas to their ventures. Innovative offerings increase the efficiency and productivity of the workforce. It also helps to improve the brand values and increases the profit rate. Entrepreneurs need to be aware of IP rights and policies to benefit from innovative ideas. It helps to protect the business ventures from unjustified infringement claims from other entities.

IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMY

       Entrepreneurship is essential for several reasons to include promoting social changes, increasing innovation, increasing employment rates. Entrepreneurs are frequently considered as nation’s assets since they help in the national income of the country. Great entrepreneurs can change the lifestyle on a local and national basis. The standard of living has been increased with the development of entrepreneurship. Entrepreneurs help in increasing the country’s export trade and thereby play an important role in the economic development of a country. New and improved products and services from entrepreneurs boost the national income of the country. In addition to this, it increases the employment rate in that country. Through the invention of new products, entrepreneurs help in improved quality of life and economic freedom. For example, smartphones are used worldwide by more than 5 billion people. Technological entrepreneurship can have a long-lasting impact on the world until the growth of smartphones. Entrepreneurship is innovation and hence helps in providing funds for research and development with several institutions. It also helps in balancing regional development by setting up industries in less developed areas. The growth of business in these areas leads to several developments include transport, health, education, entertainment, etc. Thus the role of entrepreneurs in today’s economy is indispensable.

Impact of Covid 19 on Indian Economy

It has been more than a year and a half and the world is still struggling with a novel coronavirus pandemic. The nation went into strict lockdown for the first time in March 2020, which brought the urban economy to a standstill in the first quarter of FY 2020-21. A slow recovery was seen from the second quarter. The resurgence of demand in festival season and bumper agricultural output provided some support to the Indian economy and GDP in FY21 contracted by 7.3%.

With the development of vaccines and a lower number of cases, it was estimated at the beginning of FY22, that India will grow around 12% this financial year but the second wave of the pandemic, made things take turn for the worse. While there was no nationwide lockdown this year, local restrictions in major states impacted various sectors of the economy.

Sector wise impact

AGRICULTURE – With the second wave, the virus also penetrated rural India and this is a matter of concern as last time, GDP contraction was limited to some extent, due to support from the rural economy. In the second wave, stricter restrictions were placed in rural regions. Mandis stayed closed. Farmers could not sell their output and crops were rotting in the field. This also impacted the vegetable vendors and processing industries.

MANUFACTURING – The manufacturing sector was also impacted in both waves. Factories had to work with reduced workers. Due to fear of lockdown, many casual laborers went to their homes. The supply chain was also disrupted due to varied lockdowns in different states. This pushed the cost of the products and ultimately lead to inflation in the country. 

SERVICE – The service sector also provided relief and helped in recovering the economy. Thanks to the digital revolution, the majority of the businesses in the service sector shifted online. Employees could work from home and this helped the economy going on even during lockdowns. However, those businesses which require physical contact, like spas, salons, cinemas, etc. had to suffer during the pandemic.

AVIATION – This is the sector that is most hit by the pandemic. Flights get banned as soon as several positive cases begin to soar. People are avoiding unnecessary travel and tourism and the number of footfalls in airports is reducing. 

UNEMPLOYMENT – Unemployment in the country also increased during the pandemic. Companies were working at low capacity. To reduce costs, employees were laid off. Casual laborers went home, which put pressure on rural jobs, especially jobs under MGNREGA. In July, the unemployment rate is around 7.68% in India.

INFLATION – Due to increased prices of crude oil abroad, low supply of casual laborers, and restrictions in transportation, lead to an inflation of prices of goods. To boost liquidity, RBI is also increasing the money supply, which is also leading to an increase in the prices of goods and services. CPI Inflation in the country is around 6.2%, which is more than RBI’s commitment to tame inflation under 6% under the monetary policy agreement.

Conclusion

So overall, all macroeconomic variables are showing negative signs during the pandemic. Some online businesses like Zomato, OTT platforms have benefited from people staying home. But most of the businesses have suffered due to pandemics. Both government and the central bank are trying to control the impact of the coronavirus on the economy. Both the health and economy of the nation are important. Let’s hope that due to stricter compliances and widespread vaccination programs, India can avoid the impact of the third wave, as another wave will further weaken the economy.

Importance of Atmanirbhar Bharat

A nation’s strength ultimately consists in what it can do on its own, and not in what it can borrow from others.” – Indira Gandhi.

Self-Reliance, one thing which is common in all developed nations and a thing that a developing nation wants to achieve. One of those developing nations which are striving to make themselves self-reliant is India. The battle to become self-reliant is not new but started back from the independence itself. At that time, India was the largest economy in South Asia, the self-reliance in the state heavy industries and strategic sectors in the post-independence decades put India before most of the developing world.

However, in the 1970s and 1980s, India did not modernize these industries to move up the technological ladder. Little was done to modernize light industries. The industrial ecosystem was held hostage to the license-permit-quota system that hampered innovation. As a result, self-reliance gave way to corruption and dependence on imports. A major turn came in 1991 after economic liberalization in India was initiated in 1991 by Prime Minister P. V. Narasimha Rao and his then-Finance Minister Dr. Manmohan Singh.

1) Atmanirbhar Bharat and the idea behind it

At a time when the world was plagued by the deadly pandemic, PM Narendra Modi launched a campaign which was meant to convert this crisis into an opportunity and strengthen India’s fight by becoming Aatmanirbhar or self-reliant.

-> There are five pillars of Atmanirbhar Bharat which focus on:

  • Economy
  • Infrastructure
  • System
  • Vibrant Demography and
  • Demand

-> The Five phases of Atmanirbhar Bharat are:

  • Phase-I: Businesses including MSMEs
  • Phase-II: Poor, including migrants and farmers
  • Phase-III: Agriculture
  • Phase-IV: New Horizons of Growth
  • Phase-V: Government Reforms and Enablers

PM Modi emphasized the fact that it is time to voice our local products and make them global. A special economic package was created as part of this campaign. Established by the government, which will benefit various segments including the craft industry, micro, small and medium-sized enterprises (MSMEs), workers, the middle class and industry. The economic package announced by the Prime Minister, along with various packages launched during the lockdown period, amounts to around 20 lakh crore rupees ($ 283.73 billion), which was roughly 10 percent of India’s GDP. It was expected to support and empower different parts of the country and give new impetus to the development of the country in 2020.

In order to express the determination of an independent India, land, labor, liquidity and laws were included in this package. Minister of Finance & Corporate Affairs, Ms. Nirmala Sitharaman, made all the announcements related to several sectors on different days, divided into five tranches, and provided detailed information on the steps the government is taking.

2) Division of package for different sectors in Atmanirbhar Bharat

  • First tranche – Rs 5,94,550 crore

The first aid installment announced by Nirmala Sitharaman focuses on empowering the backbone of the Indian economy: MSMEs, which employ around 11 billion people and have a GDP share of around 29 percent. This included unsecured loans of Rs.3 billion and a capital injection of Rs. 50,000 billion for MSMEs through the funds

  • Second tranche – Rs 3,10,000 crore

Nirmala Sitharaman’s second installment of measures was targeted at migrant workers and street vendors. The minister introduced ‘one nation one ration card’ card so migrant workers can buy ration from any ration depot in the country. Around 50 lakh street vendors will have access to a special credit facility of Rs 5,000 crore within an initial working capital of Rs 10,000. Around 2 lakh crore rupees will be delivered to farmers via kisan credit cards, while 2.5 crore farmers, including fishermen and animal husbandry farmers will be able to attain institutional loans at a preferential rate.

  • Third tranche – Rs 1,50,000 crore

The third tranche worth Rs 1.5 lakh crore aims at agriculture and related sectors, including dairy, livestock and fisheries, as the government proclaimed measures to toughen the broad agricultural sector.

  • Fourth and fifth tranches – Rs 48,100 crore

The fourth installment of the Rs 20 Lakh Crore package included reforms for sectors such as coal, minerals, defense production, airspace management, airports, MRO, UT distributors, space and nuclear energy.

3) Sectors to benefit from Atmanirbhar bharat.

I. MICRO, SMALL, AND MEDIUM ENTERPRISES

Micro, Small, and Medium Enterprises have played a vital role in Indian economy. It has contributed one third to the GDP of India and also provided employment to large sections of society. The sector is source of livelihood to 110 million people. With the current phase of Atmanirbhar Bharat these MSME’s has become more significant to India’s financial and economic sector. Acknowledging the importance of this sector it would contribute to 50 million jobs and half of India’s GDP in the coming five years.

Benefits of MSME’s under Atmanirbhar Bharat:

  • Collateral free loans- The commencement of collateral free automatic loans will assist the existing borrowers and this will also give the fuel restart to the business operation.

Some of the key highlights of this benefits are-

-> According to bank policies, the current borrowers should have the standard ratings and turnover of rs.100 crore.

-> Four years of loan tenure and 12 months on principle payment.

-> No additional collateral is required.

  • Equity Infusion- Government is going to setup a fund for funds of 10,000 crore to overcome this situation of pandemic. FOF will be operated through a Mother fund and few Daughter fund. Through these funds the MSME’s can expand their size and capabilities. This will also encourage MSME’s to get listed on the board of stock exchange.
  • Debt for stressed MSME’s- To support MSME’s the central government will provide Rs. 20,000crore as subordinate debts. The infusion of fresh capital into the business will reduce the burden on MSME’s and will benefit two lakh MSME’s.

II. Agriculture and Fisheries

Agriculture is the most important sector of Indian economy. It contributes to 18% of GDP and provide employment to 50% of countries workforce. Government towards improving this sector has released two major initiatives Pradhan Mantri Kisan Samman Nidhi Yojana (PM-KISAN) and Agriculture Infrastructure Fund this will help to improve the financial and agriculture status of farmer.

Benefits of agriculture under Atmanirbhar Bharat:

  • Pradhan Mantri Kisan Samman Nidhi Yojana (PM-KISAN)- Under this scheme financial benefit of Rs 6,000/- is provided to beneficiary farmers and is payable in three equals that is 4 monthly installments of Rs 2,000/-. However, under this scheme an amount of more than 17,000 crore has been transferred to 8.5 crore beneficiary farmers.
  • Agriculture Infrastructure Fund- The objective of this scheme is to drive investment across the agricultural chain. This scheme will allow farmers to store their produce till they get better price and affordable post-harvest infrastructure. Farmers and other stakeholders will have access to financing 3% interest and credits from governments and this will help them to enhance their product value.

III. Coal Mining Reforms

India being the fourth- largest producer of coal in the world. In the vision to build Atmanirbhar Bharat a reform to promote commercial coal mining in India has been announced. Opening up of these sectors will expand world class production capacity and provide top product services with global supply chain.

Benefits of Coal mining under Atmanirbhar Bharat:

  • Forty-one coal mines are opened for auction and there are no end restrictions on the coal production for these mining. Bidders will not require any previous experience in coal mining they just have to put up sufficient amount of money. Mining plan approval will be provided in 30 days rather than 90 days. Coal mining will be determined through a National Coal Index for different grades of coal.
  • These 41 mines are likely to produce 225 million tones annually and Rs. 33,000 capital expenditure to get these mining going. Additionally, state government will generate more than 20,000 crore per year in royalties from these mining. This will generate direct and in direct jobs for more than 3 lakh employers and is expected to generate fund of Rs. 112 crores for the District Minerals Foundation Fund.

IV. Non-Banking finance (NBFCs), Housing finance companies (HFCs), Microfinance institutions

For the Non-banking finance companies (NBFCs), Housing finance companies (HFCs), Microfinance institutions (MFIs) Ministry of finance has announced following measures:

  • Special liquidity scheme worth Rs. 30,000 crores
  • Partial credit guarantee scheme worth Rs. 45,000 crores

Benefits of these schemes under Atmanirbhar Bharat:

  •  Main objective of Special liquidity scheme is to provide liquidity support to MSMEs that are impacted due to this pandemic. Under this scheme investments will be made both in primary and secondary transactions in investment papers of NBFCs, HFCs, MFIs. These securities will be fully guaranteed by government. This scheme will ensure operational continuity and promote leading MSME sector.
  • Partial credit guarantee scheme is for NBFCs, HFCs, MFIs, having low credit rating and provide liquidity to leading MSMEs and individual and first 20% loan will be given by the government. This also helps the MSMEs to avoid distress sale of their assets for meeting immediate funds.

Conclusion

This campaign can reach its epitome if supported well by the government. Keeping in mind the increasing incursions by China and India’s dependence on it, the success of the campaign is now more in need than ever. If the government is solemn about instigating this economic philosophy, it must clearly list the areas that need improvement to make Indian manufacturing competitive. Only then will entailed policies get outlined and implemented to bring about the change.