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Showing posts from November, 2021

Is India producing CEOs to MNCs?

There is one common similarity that appears for Microsoft, Google, Adobe, IBM, Micron, Master Card, and Twitter. All their CEOs are expatriate Indians. Parag Agarwal. Seeing this name, one can understand that he is an Indian. He is going to lead one of the Social Media giants Twitter as Chief Executive Officer. Mahindra Group Chairman Anand Mahindra, who is always active on social media, slammed it in his latest tweet. Mahendra tweeted sarcastically that the Indian CEO virus is a new type of Pandemic and that we are very proud to say that the virus originated in India. He joked that there was no vaccine for the virus. Co-founder of the social media giant Twitter Jack Dorsey, who has been with the company for 16 years with the company has announced his resignation on Monday and took everyone by surprise. He served as Chief Executive Officer of Twitter for many years. Other things are always trending on Twitter but now with Jack's resignation, Twitter has started to become a trend on...

Is Booster is counter for all variants?

The coronavirus has once again set its sights on European countries as the world breathes a sigh of relief that Covid has slowed down. New variants have emerged. Vaccines also support those who have been vaccinated. Within a year of being vaccinated, their chances of contracting new variants increased. In light of this, all European and American medical professionals have decided that booster doses should be given to the public. Guidelines have been issued to give a booster dose to the elderly, those with coma, and those over 16-18 years of age, giving first priority to pregnant women. Covid is booming in new forms in the cold countries of Europe. With that, the respective countries are trying to protect the elderly and the sick through booster doses. France says booster doses are ready for anyone over the age of 18 and will not be turned off unless they are fried by December. Ireland seems to be giving a booster dose to everyone over 16. Britain has also allowed booster doses for ever...

Uganda surrender’s Airport for China cash!

China’s aggression is going beyond the territories of the Asian continent. Neighboring nations are being suffered from Beijing to protect their land. In addition to that, China is giving debts to underdeveloped nations as per their requirement across the world. To get back its debt, China is forced to grab its assets if anyone finds default. China is to take over Uganda’s Entebbe International Airport for default on debt repayment. China has rejected Uganda's request to re-negotiate toxic clauses in the $200m loans picked six years ago for the Airport expansion. The East Africa nation is going to lose its own on one and only Entebbe International Airport for the debt it has taken in 2015. Uganda Parliament gave its approval for $207 million from Exim Bank of China. The loan was supposed to upgrade the airport which included the modification of the main terminal building. A team sent to China in 2019 returned with no positive results. China has rejected Uganda’s request to renegotia...

New variant ‘B.1.1.529’ scaring the world

Coronavirus takes a new form. The countries of the world are trading the new coronavirus variant‌. The rapidly spreading B.1.1.529 variant is causing palpitations. The WHO named it Omicron. Several countries have announced bans on air services from affected African countries. The new variant of Covid (B.1.1529) that was born in South Africa is causing tremors in the backs of the nations of the world. Countries in the European Union (EU) are becoming more and more alarmed by the rising number of cases ahead of winter. The EU is in talks with its member states to suspend flights from 11 countries in southern Africa, including South Africa and Namibia. Germany wants to implement it. Airlines make it clear that they only bring their nationals from South Africa, and those who come from there must be on quarantine for 14 days, whether they are vaccinated or not. Italy bans people from 7 African countries from entering their country for 14 days Britain, Singapore, Malaysia, Japan, and Israel ...

The growing number of women in India!!

The National Family Health Survey (NFHS) has given good news amid concerns that the gender gap in the country is widening day by day. The Union Ministry of Health has released the results of the fifth survey conducted by NFHS. For the first time in the country, there were more women than men. The survey estimated that there were 1,020 women for every thousand men. In 1990, there were 927 women for every 1000 men. It will take two decades for women to outplay men in numbers in India. The sex ratio varies in Urban and rural areas across the country. Another feature is that the female population in terms of gender ratio is higher in rural areas than in cities. There were 985 women for every thousand men in the cities, and 1037 women in the villages. India, the world's second-most populous country, is moving towards population stabilization, the survey said. The total fertility rate (TFT) fell from 2.2 to 2.0. If TFT is less than 2 it is calculated that there will be a decrease in popu...

Turkish Lira is about to collapse!!

The Republic of Turkey, a Western Asian nation also known as Turkey seems to befall into financial status. A huge fall in Turkey's currency Lira is hardly rare these days, but the currency's precipitous 20% plunge over the last week. It is ramping up risks of a balance of payments crisis unless authorities can somehow pull the brake. The country’s currency is in free fall on Tuesday and Lira slumped 15% against the US dollar. Lira has already lost nearly 40% of its value. Turkey’s Central Bank has lost its independence and is bowing to political pressure from President Tayyip Erdogan.  The Central Bank cuts interest rates despite 20% inflation that could reach 30% or even 50% as per the orders from President Erdogan. Every time Lira crashed, Turkey’s President Erdogan was started a military campaign or war against neighbors, diverting the attention of citizens from local corruption and failure towards "external" enemies. President Erdogan has led the country since 200...

Is India moving towards a Crypto ban?

The Indian government is likely to introduce a cryptocurrency bill in the coming winter sessions of Parliament. The Center will introduce it under the name of The Cryptocurrency and Regulation of Official Digital Currency Bill 2021. Bill seeks to create a facilitative framework for the creation of official digital currency to be issued by RBI & ban all private cryptocurrencies in India. Many have doubts after seeing the points in the bill What is Private Crypto? The new bill will essentially ban all cryptocurrencies and will create an official cryptocurrency in their place which will be operated by the Reserve Bank of India (RBI). Prime Minister Modi said in a virtual conference that all democracies in the world need to come together and make a decision so that cryptocurrency does not fall into the wrong hands. He also believed that virtual money needs to be regulated. Investments in cryptocurrencies have increased from $923 million in April 2020 to $6.6 billion in May 2021 in Indi...

Half-million people could die of Covid-19 in Europe by March?

  The World Health Organization (WHO) is busy for two years sending alerts and warning messages to the world on pandemic virus instead of controlling the pandemic. It’s Director General Tedros Adhanom Ghebreyesus appears as news anchor to give updates on numbers. The WHO has given the latest warning that 500,000 people could die in Europe by March 2022. The surge in cases is not limited to just the UK or Germany or Austria, there are a number of reasons for the spreading of pandemic across the continent. Europe continues to record a wave of Covid-19 cases with countries struggling to battle the deadly coronavirus. Winter season, inadequate vaccine, slow vaccination drive, lack of discipline from the people, and increasing cases due to Delta variant.   WHO said mandatory vaccination measures should be seen as a last resort. Many countries have imposed several restrictions on movement of people. The Netherlands imposed a partial lockdown to check the virus. Restrictions have...

El Salvador builds Bitcoin City

Though the Bitcoin was invented in 2009 by an unknown person or group of people using the name Satoshi Nakamoto but real boom and popularity started from 2020 onwards. A country from Central America having just 65 lakh population is going aggressively on digital currency. El Salvador is the first nation officially declared Bitcoin as legal tender in the world from September 07 th onwards. It prompts other nations to rethink on digitalization. Now, the tiny nation is preparing to build Bitcoin city in the eastern region of La Union. President Nayib Bukele said that the city would get geothermal power from a volcano and promised to people no taxes except value added tax (VAT) in the country. He is betting more on bitcoin when others still in dilemma. It’s coincidental or not Costa Rica announced 13% tax on Bitcoin purchases and 13% tax on profits on similar day when El Salvador announced Bitcoin city. How the Bitcoin city is build? VAT is going to play major role in this regard. Half-...

First set back for Modi – Farm Laws

  Narendra Modi led BJP government got more than 300 seats in Lok Sabha in 2019 which made him to rule without any outside pressures. After this juggernaut victory in elections, BJP had successfully passed the Citizenship Amendment Act (CAA). Due to two successive coronavirus waves in the country, the BJP government has not started to implement CAA. Even though people are facing troubles, the BJP government has increased petrol and gas prices continuously. The Modi government has backtracked on the blow to farmers who have been anxiously tireless for almost a year over the new cultivation laws. Three bills Farmer Products Trade and Trade (Promotion, Facilitation) Act - 2020, Farmers' (Empowerment, Protection) Price Guarantee, Agricultural Services Act - 2020, Commodity Amendment Act – 2020 were passed in September 2020. Farmers are in agitation for more than one year against the three farm bills. More than 600 farmers lost their lives in the agitation. No matter how fervently the...