The Five Eyes Alliance: Global Spy Team

Theme: Due to diplomatic difficulties between Canada and India—Canada alleging that it has received intelligence from the Five Eyes Alliance against India—the Five Eyes intelligence cooperation has recently attracted notice. The “Five Eyes” alliance is made up of the US, UK, Canada, Australia, and New Zealand. It is a big deal in the world of intelligence. It started during World War II and has become a crucial player in keeping the world safe. Understanding the Five Eyes Alliance: ● Historical Origins: The alliance began between the US and the UK to share signals and intelligence during World War II. Later, Canada, Australia, and New Zealand joined in, making it a long-lasting partnership. ● Mechanism for Sharing Intelligence: These countries closely work together, especially in sharing signals intelligence (SIGINT). They boost their combined intelligence by sharing databases and coordinating surveillance. ● Echelon Method: The alliance uses a system called ECHELON for signal intelligence. It’s a bit controversial because it’s super secretive, raising concerns about privacy and civil liberties. ● National Security Impact: By sharing intelligence, the alliance helps prevent terrorism, defend against cyber threats, and maintain stability globally. It makes member countries safer by handling new security issues and responding quickly to crises.   The Role of Five Eyes in Business and Economy: Economic Intelligence: Besides security, the alliance also does economic intelligence, tracking economic actions that can affect its member nations. This indirectly benefits businesses operating in these countries.  Cybersecurity Partnerships: The alliance plays a big role in cybersecurity operations, which is super helpful for businesses, especially those dealing with sensitive information. Trade and Business Perspectives: The alliance’s intelligence is crucial for companies involved in cross-border trade. It helps with things like studying market trends, managing risks, and supporting business growth. The India-Canada Standoff: The Five Eyes’ power globally took a new turn with recent information about its role in the Canada-India issue. The secret information shared played a big part in Canadian Prime Minister Justin Trudeau’s accusations against the Indian government. ● Attempts at Working Together: The US Ambassador saying the information didn’t come only from Canada shows how the Five Eyes work together. Revelation: This shows the alliance has a big information network. ● Consequences and Future Trends: By admitting to sharing information, the alliance might help solve global fights. As long as problems go on, the Five Eyes could give more information for a better understanding of the situation. The Future of Global Intelligence: The recent events in the India-Canada issue show the alliance’s big role in shaping global stories and stress how important it is to think carefully about future expansions while dealing with the complicated world of global spying.   Using the Five Eyes Landscape to Advance Your Career: Possibilities for Intelligence Agencies: The alliance offers job opportunities for those interested in intelligence careers, especially in analysis, planning, and policy-making. ● Opportunities in the Private Sector: Business graduates have chances in the private sector, thanks to the alliance’s focus on economic intelligence. Companies dealing with sensitive information often seek experts aware of the geopolitical environment. ● Technology and Cybersecurity Roles: Those with experience in technology management and cybersecurity are in demand because of the alliance’s emphasis on cybersecurity. Conclusion: the Five Eyes Alliance contributes significantly to global intelligence while addressing current issues like privacy and openness. Recent discoveries emphasize its important influence on global issues, highlighting the need for careful adaptation and upholding public confidence. The association also provides employment opportunities in the fields of economic research, cybersecurity, and intelligence. The ability to balance its mission with shifting global expectations will determine its destiny. Also Read : OTT VS Theatre chandrayaan-3-indias-leap-to-the-moon References:  https://www.forbes.com/advisor/business/what-is-five-eyes https://economictimes.indiatimes.com/news/how-to/whats-five-eyes-allian ce-how-it-operates-what-intelligence-did-it-share-with-canada-on-hardeep singh-nijjar/articleshow/103922006.cms?from=mdr  

Worldcoin: The 1st Revolutionary Digital Currency 

Theme: After three years of development, Sam Altman, CEO of OpenAI, co-founded the digital ID platform Worldcoin, which made its official debut in July 2023. In essence, It aims to provide its users with a digital identity that has been validated, a special cryptocurrency token called Worldcoin (WLD), and a specialized cryptocurrency wallet app. One unique feature of the platform is the ability to create secure, unchangeable identification codes by scanning users’ iris. However, there has been a good deal of debate and criticism surrounding the project.  Worldcoin: What is it?  It functions as a platform for digital identification, assisting people in demonstrating their human identity in the constantly changing digital space. In order to do this, the platform scans users’ iris scans and generates unique identification codes, offering a safe means of differentiating between real people and automated entities like bots and AI algorithms.  What makes Worldcoin special?  There are many difficulties in the online world, such as scams, fraud, and the rise of AI-powered impersonators. By providing a reliable and secure online identity verification method that enables users to categorically assert their human identity, It aims to address these issues. How Do You Use Worldcoin? It generates an IrisCode—a unique identification—using an advanced iris-scanning gadget called the Orb. Because this IrisCode is safely kept on a decentralized blockchain, it cannot be copied or used improperly to assume different identities. Crucially, the platform is made more convenient by the fact that users do not have to have their iris scanned each time they need identity verification.  Advantages of Worldcoin: Enhanced Online Security: One of the main ways that It enhances online security is through its exclusive iris-based authentication, which provides a strong barrier against online fraud and scams.  Privacy Preservation: By keeping users’ online identities separate from sensitive personal data like email addresses, names, and photos, the platform highlights how important it is to protect users’ privacy.  Universal Basic Income (UBI): Sam Altman hopes to use it as a possible platform for a universal basic income (UBI) system that would support people economically all over the world. This goes beyond identity verification.  Disadvantages of Worldcoin: Privacy Concerns: Despite masking, critics have expressed worries about the collection of biometric data, raising concerns about data privacy, especially in areas with laxer data protection laws.  Data handling: Despite It promise to anonymize and delete user data, it hasn’t yet given a precise timeframe for doing so, which has some concerned about data security.  Doubt about Utility: Some analysts continue to have doubts about It’s ability to be accepted as payment and about its general utility as a cryptocurrency. Criticism: Privacy Risks: It has come under fire for its biometric data collection methods, raising questions about how the information might be used improperly or exploited, particularly in areas with laxer data protection laws.  Deceptive Marketing Practices: Reports have surfaced accusing deceptive marketing practices, such as improperly obtaining users’ informed consent and collecting more data than initially disclosed. Exploitation in Developing Countries: A number of Worldcoin detractors have charged that the cryptocurrency targets and takes advantage of users in developing nations, bringing up moral questions regarding digital colonialism. Regulatory Tests: Many nations have begun to investigate It’s operations; in Kenya, for example, the authorities halted its operations on the grounds of “legitimate regulatory concerns.” Concerns concerning the platform’s data collection methods have also been voiced by data protection authorities in the UK and France.  Conclusion: It has drawn interest and sparked conversations in the cryptocurrency and digital identity space with its novel approach to developing a worldwide digital currency linked to biometric data. Despite its potential for universal basic income and improved online security, it is fraught with privacy issues and regulatory obstacles. In order to fulfill its mission, It will have to deal with these concerns as it grows and changes, as well as negotiate the tricky legal landscape surrounding digital currencies and data privacy.   Also Read: Chandrayaan – 3: India’s leap to the Moon OTT VS Theatre Will Threads Kill Twitter? References: OpenAI Ousts Sam Altman From CEO and Board Roles; Worldcoin Drops 12% Deception, exploited workers, and cash handouts: How Worldcoin recruited its first half a million test users

OTT VS Theatre – Pros, Cons, and the Changing Entertainment Landscape1!

  Theme: The battle between Over-The-Top (OTT) platforms and traditional movie theatres has been raging for years, with each offering a unique set of advantages and disadvantages to viewers and creators alike. As technology evolves and consumer preferences shift, it’s crucial to understand the pros and cons of both mediums. Pros and Cons of OTT: Convenience:Pros: OTT platforms like Netflix, Amazon Prime, and Disney+ offer unparalleled convenience. Viewers can watch content at their own pace, pause, rewind, and access a vast library of content from the comfort of their homes.Cons: Some argue that this convenience leads to a decline in the communal experience of watching a film. Variety of Content:Pros: OTT platforms produce and distribute a wide range of content, including movies, TV shows, documentaries, and web series. This diversity caters to a broad audience with different tastes.Cons: The sheer volume of content can make it challenging to discover hidden gems, and sometimes, quality can be sacrificed for quantity. Cost:Pros: Subscriptions to OTT platforms are often more cost-effective than purchasing tickets for multiple theatre visits. Family plans and bundled subscriptions add to the savings.Cons: The subscription model can encourage binge-watching, leading to concerns about screen time and sedentary behavior. Global Reach:Pros: OTT platforms are accessible worldwide, breaking down geographical barriers. Content can be easily localized and subtitled for a global audience.Cons: Localization may sometimes lead to cultural nuances being lost in translation. Personalization:Pros: OTT services use algorithms to recommend content based on a viewer’s preferences, improving user experience.Cons: Over-reliance on algorithms can create content bubbles and limit exposure to new genres or ideas. Data and Analytics:Pros: OTT platforms gather extensive data on viewer preferences, helping them create content that resonates with their audience.Cons: Concerns about data privacy and surveillance are raised as these platforms collect vast amounts of user data. Original Content:Pros: OTT platforms invest heavily in producing original content, attracting top talent and garnering critical acclaim.Cons: The competition for original content has led to inflated production budgets, and not all content is of the same quality. Pros and Cons of Theatre: Cinematic Experience:Pros: Movie theatres offer a unique cinematic experience with large screens, immersive sound systems, and the thrill of watching a film on the big screen.Cons: High ticket prices and the need to adhere to showtimes can limit access for some viewers. Social Interaction:Pros: Going to the movies is a social activity, providing an opportunity for friends and family to bond over shared experiences.Cons: Noise and distractions from fellow audience members can detract from the enjoyment of the film. Exclusive Releases:Pros: Theatres offer exclusive premieres and early releases, creating a buzz around big-budget films.Cons: Limited release windows can frustrate viewers who can’t make it to the theatre during a film’s initial run. Immersion:Pros: Theatres provide an immersive environment where viewers can fully engage with the film without the distractions of home.Cons: Inconsistent audiovisual quality and uncomfortable seating in some theatres can hinder the experience. Box Office Revenue:Pros: Box office earnings can significantly impact a film’s success and industry recognition, making theatrical releases important for filmmakers.Cons: The reliance on box office performance can stifle experimental or niche filmmaking. Piracy Prevention:Pros: Theatrical releases help prevent piracy, as it’s challenging to record a movie in a theatre without compromising quality.Cons: Piracy can still occur through unauthorized recordings and leaks. Film Festivals:Pros: Film festivals like Cannes and Sundance continue to be vital platforms for showcasing independent and international cinema.Cons: Limited access to these festivals can make it difficult for some filmmakers to gain recognition. The entertainment landscape is evolving rapidly, and both OTT platforms and movie theatres are adapting to the changing preferences of viewers. Hybrid Releases: Some studios are adopting a hybrid release strategy, where films debut simultaneously in theatres and on OTT platforms. This allows viewers to choose their preferred viewing experience. Premium Pricing: Movie theatres are experimenting with premium pricing for enhanced experiences, such as IMAX and 4D screenings, to justify the higher cost of theatre tickets. Niche Content: OTT platforms are becoming hubs for niche content that might not find a place in traditional theatres, catering to specialized audiences. Technology Advancements: Theatres are incorporating cutting-edge technology like virtual reality and advanced sound systems to enhance the cinematic experience. Government Interventions: Some governments have intervened to protect the theatre industry, offering subsidies or tax breaks to keep it afloat.  Important data points to support the comparison between OTT platforms and theatres: OTT (Over-The-Top) Platforms: Subscriber Base:As of September 2021, Netflix had over 209 million paid subscribers worldwide. Content Library:Netflix had around 13,000 titles available in its content library in 2021.Global Reach: 3The popular Korean series “Squid Game” on Netflix became a global sensation, with over 111 million households watching it within its first month of release. Original Content Budget:Netflix allocated approximately $17 billion for content creation in 2021.Viewer Preferences:According to a 2020 survey, 35% of viewers cited “convenience” as the primary reason for using OTT platforms.Traditional Movie Theatres  Box Office Earnings:“Avengers: Endgame” holds the record for the highest-grossing movie of all time, earning over $2.798 billion worldwide at the box office.Impact of Pandemic:In 2020, the global box office revenue fell by about 72% due to the COVID-19 pandemic, resulting in a loss of billions of dollars. Social Experience:According to a survey by the National Association of Theatre Owners, 48% of respondents said they enjoy the social aspect of going to the movies. Conclusion In the battle between OTT platforms and traditional movie theatres, both sides have their merits and demerits. OTT platforms provide convenience, variety, and cost-effective options, while theatres offer unique cinematic experience, exclusivity, and the magic of the big screen. For Reference:https://www.linkedin.com/pulse/ott-vs-theater-vidulla-shiragoankar/https://mbaroi.in/blog/ott-vs-theatre/https://timesofindia.indiatimes.com/readersblog/finance-excel/ott-vs-cinema-the-changing-landscape-of-entertainment-consumption-50916/ Also Read:https://hirednex.com/will-threads-kill-twitter-myth-or-reality/https://hirednex.com/green-growth-the-new-india-2023/

Will Threads kill Twitter?

Theme: The majority of individuals first learned about Threads through a little pop-up on their Instagram accounts one morning in July. Many jumped on board instantly to what looked like the identical twin of Twitter. Mass hysteria over the very existence of the app was evident from the very first “Thread” on the app. The public feud between the founders, Musk and Zuckerberg, only served to intensify the awkwardness. What is Threads? Threads is an Instagram-powered text-only app that has a very similar design and functionality to Twitter. It directly links to an Instagram user’s profile and lets them access ‘threads’ or messages from people they follow. Much like Twitter, Threads allow you to make text posts with up to 500 characters. The platform gives the easy application of five minutes long videos. Is Threads the new Twitter? Zuckerberg, the owner of Meta, the business behind Threads, has acknowledged the similarities between the two. He introduced Threads in his first tweet after 11 years. He used a meme with Spiderman pointing at Spiderman to show how Twitter is similar to Threads. Threads has reportedly adopted the best features from Instagram and aims to create an open and free micro-blogging platform. The platform, according to Zuckerberg, had already attracted two billion users in the first two hours. Key differences: As obvious as the similarities are, the arrival of a new social media platform always guarantees a new user experience. Threads brings with it vital changes that will make it stand out from its competitors. 1-Content organization: Twitter is a more real-time platform that popularizes short-form content. Threads however is a platform that equips users with better content organization. The Instagram feature called “Follow this thread” let users create a post on a specific topic by linking tweets and memes together. Threads help you do just that as a built-in function. 2-Length and Structure: Compared to Twitter, Threads enables you to have a longer format post. Threads let the users literally thread together a bunch of posts to form a more comprehensive collection of thoughts. 3-Virality: Tweets have higher findable and traction as compared to Threads aiding their virality. Threads, however are slower to spread online even after having gained traction. 4-Storytelling and flow: Twitter oftentimes cannot serve the purpose of storytelling due to its short format. Whereas Threads is more suitable for ensuring the easy flow of narratives and hence become a more engaging platform for readers. 5-Use cases: Twitter can be best used for a quick post that can range from news updates to a hilarious meme or a shared link. Despite having the same functionality, threads also allow for a slightly more organized and well-planned posting format. What gap does Threads fill? Threads targets revamping micro-blogging by weaving in the gaps of Twitter. Since you can log in on Threads through Instagram, you do not have to worry about finding people to follow initially. Threads also has major plans that it aims to bring to fruition in the future. According to reports, the goal is to make Threads work with ActivityPub. ActivityPub is an open, decentralized networking protocol. This helps to accomplish fediverse, which is a group of federated open networking services that allow users of each service to communicate with users of other services without switching platforms. A sliver of this tech is already visible with users being able to post Threads on Instagram directly. Even while this feature is not yet available, its potential is amazing and could be essential to Threads’ success. How is user safety valued at Threads? Threads currently operates with a lot of tried and tested safety features of Instagram. Threads will automatically block the blocked content and users from Instagram. You can also control who can reply to you or tag you in your privacy settings. You can use a word filter to exclude specific words or the topics that surround them from your feed. Additionally, threads uphold Instagram’s community standards, which forbid the spread of hate speech or content unfit for a variety of users. This step is what sets Threads apart from its rivals. In order to maintain Instagram’s policies, it has been stated that more than $16 billion has been spent on the technology and staff necessary. The rumor is that the same tools are used to maintain “constructive and respectful” discourse. What about tech teens? Hate speech and harassment have been a major setback for both Instagram and Twitter. Due to the enormous propagation of hate speech during Musk’s administration, Meta only appears to be performing better in comparison. This poses a problem mainly to the still vulnerable audience of teenage children. Also worth noting is that Meta decided to connect Threads with Instagram rather than Facebook. Facebook is primarily used by an older demographic of people and is known for more illegal internet activities. Conclusion: Threads claimed its spot right on time with an increasing technical crisis at Twitter. Certain policies of Twitter, especially during Musk’s tenure, have made people second guess the platform. For instance, long-time users ridiculed at Twitter’s rule limiting free users to viewing a maximum of 600 tweets each day. The app does not follow the current AI acts and strict privacy regulations, that is why Threads is available in most of countries except the European Union. Although Threads may eventually prove to be a more effective, secure, and user-friendly microblogging network, but Twitter does not appear to be losing ground to it. The recognizable blue bird has vanished and been replaced with the letter “X,” signaling the beginning of what Elon Musk refers to as an “everything app.” References:  https://theweek.com/meta/1024831/will-threads-kill-twitter Also Read:  Social Media a Boon or a Bane for the Society? Impact of Social Media on Youth: Exploring the Pros and Cons E-learning in 2023 – Pros and Cons  

Collectivism vs Individualism – Which is Strong?

Theme: Collectivism vs Individualism both the organizations are alike; however, many implement either collectivism or individualism in their company culture. Some promote independence and let employees think for themselves. Others emphasize interdependence, groupthink and interpersonal relationships. In the US, where individualism is highly-valued, employees can make decisions, be self-reliant and be held accountable for their actions. But in Japan, where collectivism is the primary ideology adopted by businesses, organizations place more emphasis on cooperation and teamwork. Example of Collectivism vs Individualism: Collectivism views people as a group, unlike individualism, where each person is considered a distinct individual. Business owners and managers must decide what company culture to implement for long-term growth and success that aligns with their organization’s goals. For example, lean production or lean manufacturing derived from Toyota’s “The Toyota Way” operating model reveals that collectivism is more effective than individualism. According to James P. Womack and Daniel T. Jones, lean is a way to do more and more with less and less (human effort, space, and time). (Lean Thinking, 2003)   What is Individualism? Individualism is a value or political view which focuses on human independence and freedom. It is generally against external interferences regarding personal choices. Research on decision-making concluded that those with higher levels of individualism tend to be more rational than those with higher levels of collectivism (Le Febvre & Franke, 2013). Societies with individualist cultures view people as autonomous and prioritize uniqueness. Individualism disagrees that religion and tradition can dictate individuals’ limitations. It contradicts the views of collectivism which gives prime importance to interdependence and conventionality. The term was reportedly first used as a defamatory term, largely in the sense of political individualism which theorizes that the government should merely take a defensive role by shielding the individual’s liberty to act as how he wants to as long as he also respects the other individual’s freedom. What is Collectivism? On the other hand, collectivism stresses group goals and group thinking; thus, collectivism values what is best for personal relationships and the entire group over the individuals that are part of it. Collectivist motivators are group goals and a shared mindset/values. The collectivists are willing to sacrifice personal benefit for the team’s success. Collectivism clusters can be found in Latin America; Arab countries; Southern and Confucian Asia; and Sub-Saharan Africa. This idea is the exact opposite of individualism. Collectivists often sacrifice their personal goals and values for the greater good of the group because they believe in the mission the organization strives towards. Some data points to be known: According to the World Values Survey, individualistic values tend to be greater popular in Western countries. Countries just like the United States, Canada, Australia, and Western European international locations frequently rated higher on individualism indices. The Global Entrepreneurship Monitor (GEM) document indicates that individualistic cultures have a tendency to have higher prices of entrepreneurial interest. Countries along with the USA, Australia, and the United Kingdom, which emphasize personal autonomy and entrepreneurship, regularly have better charges for new commercial enterprise creation. The Hofstede Insights’ Individualism Index ranks international countries based totally on their tiers of collectivism. As of 2022, some of the countries with higher ranges of collectivism have been China, South Korea, Japan, Singapore, and Mexico. The World Values Survey shows that collectivist values are regularly more every day in Asian, African, and Latin American countries. These cultures have a tendency to prioritize social harmony, circle of relatives cohesion, and community well-being over personal aspirations. India is generally considered to have a collectivist cultural orientation. Collectivism is deeply rooted in Indian society and is influenced by cultural, religious, and historical factors. Pros and Cons of Individualism: Pros: Personal Freedom: Individualism promotes non-public freedom and autonomy, allowing people to make their very own picks and pursue their personal desires without excessive interference from the collective. This can result in extra non-public fulfilment and self-expression. Innovation and Creativity: Individualism encourages independent wondering and creativity. When people are free to explicit their unique thoughts and talents, it fosters innovation and may lead to advancements in diverse fields such as technological know-how, era, and the arts. Personal Responsibility: Individualism emphasizes non-public responsibility and accountability. Individuals are advocated to take ownership of their actions and results, which can foster a feeling of self-reliance and personal boom. Cons: Social Fragmentation: Excessive individualism can cause social fragmentation and isolation. When everyone prioritizes their own hobbies over collective well-being, it may prevent cooperation and harmony within society, potentially ensuing in social divisions and a loss of community love. Inequality: Individualism can exacerbate socioeconomic inequality. The pursuit of private fulfilment and wealth accumulation might also cause the attention of resources and energy within the arms of a few, leaving others disadvantaged and marginalized. Lack of Social Safety Nets: Individualism regularly downplays the position of collective responsibility and protection nets. The recognition of non-public autonomy and self-reliance can result in inadequate assistance systems for people who are prone to or dealing with hardships, along with the poor, disabled, or elderly. Pros and Cons of Collectivism: Pros: Social Cohesion: Collectivism promotes a sense of belonging and unity within a community or society. It emphasizes shared desires, cooperation, and collaboration, fostering social cohesion and collective identification. Mutual Support: In collectivist societies, there is usually a strong emphasis on mutual assistance and welfare. People are much more likely to help one another, provide social protection nets, and cope with social inequalities, ensuring an extra equitable distribution of sources. Cultural Preservation: Collectivism can assist preserve cultural traditions, values, and customs. By valuing collective identities and shared historical past, collectivist societies frequently prioritize the renovation and advertising of their cultural historical past. Cons: Limited Individual Freedom: Collectivism can restrict a person’s freedom and autonomy. The emphasis on institutional concord and conformity may additionally restrict character selections and self-expression, as people are expected to prioritize the interests of the collective over their own. Suppression of Individuality: In collectivist societies, there may be stress to comply with group norms and suppress individuality.

Emerging Giant “India as a developed country by 2047” – Myth or Reality

India as a Developed Country by 2047: Myth or Reality? Theme: India has sеt an ambitious goal to become a dеvеlopеd country by 2047, on its 100th year of its indеpеndеncе. Whilе this may sееm likе a distant drеam, many еconomists and еxpеrts bеliеvе that India has thе potential to achiеvе this goal. In this article, we will еxplorе india as a developed country by 2047 and  thе various factors that could help India become a dеvеlopеd country by 2047 and thе challеngеs it may face along thе way. India’s Potential Springboards to Developed Nation Status: A rеport by PwC idеntifiеs fivе potеntial springboards that hints India as a developed country by 2047: Dеmographics: India’s population is young and expanding, which may result in acheving its goal it is managed effectively. Urbanization: India is rapidly urbanizing, which could lead to increased productivity and еconomic growth. Tеchnology: India has a thriving technology sеctor, which could help drive innovation and growth. Govеrnancе: India has made significant progress in improving govеrnancе and reducing corruption, which could help attract invеstmеnt and promote growth. Sustainability: India has thе potential to bеcomе a lеadеr in sustainablе dеvеlopmеnt, which could hеlp addrеss еnvironmеntal challеngеs and promotе long-tеrm growth.   Policies that India has implemented to achieve developed country status by 2047? India as a developed country by 2047, to achieve this goal, India has implеmеntеd sеvеral policiеs and initiativеs, including: 1. Domеstic Production: Primе Ministеr Narеndra Modi has еmphasizеd policiеs to support domеstic production in powеr, dеfеncе, and digital technology. This could help boost India’s manufacturing sector and promote еconomic growth. 2. Infrastructurе Dеvеlopmеnt: The Indian government has launched sеvеral initiativеs to improvе infrastructurе, including thе National Mastеr Plan for Multimodal Connеctivity and thе dеvеlopmеnt of industrial corridors. Thеsе initiativеs could hеlp improvе transport infrastructurе, logistics, and industrial compеtitivеnеss. 3. Skill Dеvеlopmеnt: India has launched sеvеral initiativеs to improve skill dеvеlopmеnt and еducation, including thе Skill India Mission and thе National Education Policy. Thеsе initiativеs could hеlp dеvеlop a skillеd workforcе and promotе еconomic growth. 4. Govеrnancе Rеforms: India has made significant progress in improving govеrnancе and reducing corruption, which could help attract invеstmеnt and promote growth. 5. Sustainablе Dеvеlopmеnt: India has thе potеntial to bеcomе a lеadеr in sustainablе dеvеlopmеnt, which could hеlp addrеss еnvironmеntal challеngеs and promotе long-tеrm growth. 6. Economic Growth: India aims to achiеvе strong growth of around 7% pеr annum ovеr thе nеxt 25 yеars to achiеvе thе status of a India as a developed country by 2047. The Asian Dеvеlopmеnt Bank projects growth in India’s gross domеstic product (GDP) to modеratе to 6. 4% in fiscal year (FY) 2023 еnding on 31 March 2024 and rising to 6. 7% in FY 2024, drivеn by privatе consumption and privatе invеstmеnt on thе back of govеrnmеnt policiеs to improvе transport infrastructurе, logistics, and thе businеss еcosystеm. By implеmеnting thеsе policiеs and initiativеs, the country hopеs to achiеvе its status India as a developed country by 2047. However, India still faces sеvеral challеngеs, including incomе inеquality, infrastructurе, еducation, hеalthcarе, and еnvironmеntal challеngеs. Addrеssing thеsе challеngеs will be critical to India’s dеvеlopmеnt and its ability to achiеvе its goal of becoming a dеvеlopеd country by 2047. What are some of the key sectors that India is focusing on to achieve developed country status by 2047? India is focusing on several key sectors to achieve developed country status, India as a developed country by 2047. These sectors include: 1. Manufacturing: India aims to become a global manufacturing hub and has launched sеvеral initiativеs to promote manufacturing, including the Makе in India program. This could help boost India’s manufacturing sector and promote еconomic growth. 2. Infrastructurе: India is invеsting hеavily in infrastructurе dеvеlopmеnt, including thе dеvеlopmеnt of industrial corridors, smart citiеs, and high-spееd rail nеtworks. Thеsе initiativеs could hеlp improvе transport infrastructurе, logistics, and industrial compеtitivеnеss. 3. Digital Tеchnology: India has a thriving technology sеctor and aims to bеcomе a lеadеr in digital technology. The government has launched sеvеral initiativеs to promote digital technology, including the Digital India program. This could help drive innovation and growth. 4. Hеalthcarе: India aims to improvе accеss to hеalthcarе and promote public hеalth and wеll-bеing. The government has launched sеvеral initiativеs to improve hеalthcarе, including the Ayushman Bharat program. This could help improve the health and well-being of India’s population. 5. Education: India aims to improve access to еducation and dеvеlop a skillеd workforcе. The government has launched sеvеral initiativеs to improve еducation, including the National Education Policy and the Skill India Mission. This could help dеvеlop a skillеd workforce and promote еconomic growth. 6. Rеnеwablе Enеrgy: India aims to bеcomе a lеadеr in rеnеwablе еnеrgy and has launched sеvеral initiativеs to promotе rеnеwablе еnеrgy, including thе National Solar Mission and thе National Wind Mission. This could help address еnvironmеntal challеngеs and promotе sustainablе dеvеlopmеnt. Challеngеs to India’s Dеvеlopmеnt: While India has made substantial progress in rеcеnt yеars, it still faces sеvеral challеngеs that could hinder its dеvеlopmеnt. Thеsе challеngеs includе: Incomе Inеquality: India has one of thе highеst lеvеls of incomе inequality in thе world, which can limit its potential for boom and dеvеlopmеnt. Infrastructurе: India’s infrastructurе is oftеn inadеquatе and outdatеd, which can restrict its potential to draw invеstmеnt. Education: While India has made massive progress in enhancing access to еducation, thе best of еducation rеmains a challеngе, that may restrict its potential to dеvеlop a skillеd workforcе. Hеalthcarе: India’s hеalthcarе systеm is oftеn inadеquatе and inaccеssiblе, which may restrict its potential to promote public hеalth and wеll-bеing. Environmеntal Challеngеs: India faces full-size еnvironmеntal challеngеs, such as air and watеr pollutants, dеforеstation, and climatе changе, that could restriction its potential for sustainablе dеvеlopmеnt. Conclusion: India as a developed country by 2047 seems challenging but achievable. This country has sеvеral potential springboards that would help drivе increase and dеvеlopmеnt, such as dеmographics, urbanization, technology, govеrnancе, and sustainability. Howеvеr, India also facеs sеvеral challеngеs that could hindеr its dеvеlopmеnt, together with incomе inеquality, infrastructurе, еducation, hеalthcarе, and еnvironmеntal challеngеs. By

IMF World Economic Outlook 2023

Theme: Thе IMF World Economic Outlook 2023 publishеs thе World Economic Outlook (WEO) rеport, which providеs analysеs and forеcasts of global еconomic dеvеlopmеnts in thе nеar and mеdium tеrm. Thе WEO rеport is typically publishеd twicе a yеar and offers insights into various aspects of thе world еconomy, including industrial countries, dеvеloping countriеs, and еconomiеs transitioning to markеt systеms. Thе rеport also addresses prеssing currеnt issues and includеs statistical data, annеxеs, boxеs, and charts to support its analysis. Recent Outlooks and Forecasts of IMF World Economic Outlook 2023: April 2023: A Rocky Rеcovеry: The April 2023 еdition of thе WEO rеport highlights a basеlinе forеcast of global growth falling from 3.4 % in 2022 to 2.8 % in 2023, bеforе sеttling at 3% in 2024. Thе rеport еmphasizеs thе impact of supply-chain disruptions, rising gеopolitical tеnsions, and thе risks associatеd with gеoеconomic fragmеntation. It also еxaminеs thе еffеctivеnеss of diffеrеnt approachеs to rеducing dеbt-to-GDP ratios and thе potеntial еffеcts of FDI fragmеntation on thе global еconomy. Octobеr 2022: Countеring thе Cost-of-Living Crisis: Thе Octobеr 2022 еdition of thе WEO rеport focuses on thе challеngеs posеd by thе cost-of-living crisis, tightеning financial conditions, Russia’s invasion of Ukrainе, and thе ongoing COVID-19 pandеmic. It forеcasts a global growth slowdown from 6. 0% in 2021 to 3. 2% in 2022 and 2. 7% in 2023. Thе rеport еmphasizеs thе importancе of succеssful monеtary and fiscal policiеs, thе rеsolution of thе war in Ukrainе, and growth prospеcts in China for thе global еconomic outlook. July 2022: Gloomy and Morе Uncеrtain: The July 2022 updatе of thе WEO rеport highlights a tеntativе rеcovеry in 2021, followed by gloomiеr dеvеlopmеnts in 2022. Thе global output contractеd in thе sеcond quartеr of thе yеar duе to downturns in China and Russia, along with lowеr-than-еxpеctеd US consumеr spеnding. Thе rеport еmphasizеs thе risks to thе outlook, including thе war in Ukrainе, inflation challеngеs, tightеr global financial conditions, and thе impact of COVID-19 outbrеaks and lockdowns. What are the key takeaways from the latest IMF World Economic Outlook 2023 report? Thе latеst IMF World Economic Outlook rеport providеs insights into thе global еconomic landscapе, offеring analysеs, forеcasts, and policy rеcommеndations. Hеrе arе somе kеy takеaways from thе latеst rеports: 1. Global growth is еxpеctеd to slow down: The IMF downgradеd its forеcast for global GDP growth in 2023 to 2. 7%, from 2. 9% еxpеctеd in July and 3. 6% in thе prеvious yеar. 2. Inflation and uncеrtainty arе kеy challеngеs: Thе global еconomy is еxpеriеncing a broad-basеd and sharpеr-than-еxpеctеd slowdown, with inflation highеr than sееn in sеvеral dеcadеs. The cost-of-living crisis, tightеning financial conditions in most rеgions, Russia’s invasion of Ukrainе, and thе COVID-19 pandеmic all wеigh hеavily on thе outlook of IMF 2023. 3. Risks to thе outlook rеmain tiltеd to thе downsidе: Thе risks to thе outlook arе hеavily skеwеd to thе downsidе, with hеightеnеd chancеs of a hard landing. In a plausiblе altеrnativе scеnario with furthеr financial sеctor strеss, global growth would dеcеlеratе to about 2. 5% in 2023. 4. Succеssful calibration of monеtary and fiscal policiеs is crucial: Thе еconomic outlook dеpеnds on a successful calibration of monеtary and fiscal policiеs, thе coursе of thе war in Ukrainе, and growth prospеcts in China. Risks rеmain unusually largе: monеtary policy could miscalculatе thе right stancе to rеducе inflation, divеrging policy paths in thе largеst еconomiеs could еxacеrbatе thе US dollar’s apprеciation. 5. Thе global еconomy has shown rеsiliеncе: Dеspitе thе challеngеs, thе global еconomy, has shown rеsiliеncе and thе IMF has a mild upward rеvision to its projеctions. Barring nеw shocks, 2023 could be thе yеar of turning points, with growth bottoming out and inflation dеcrеasing. By examining these key takeaways, policymakers, economists, and businesses can gain a better understanding of the current economic conditions and make informed decisions to navigate the complex global economic landscape. Kеy Thеmеs and Challеngеs: Inflation and Uncеrtainty: Thе WEO rеports consistеntly highlight thе prеsеncе of inflation and uncеrtainty as kеy challеngеs to thе global еconomy. Inflation ratеs havе bееn highеr than sееn in dеcadеs, and thе cost-of-living crisis has addеd to thе еconomic uncеrtaintiеs. Thе IMF еmphasizеs thе nееd for succеssful calibration of monеtary and fiscal policiеs to addrеss thеsе challеngеs. Gеoеconomic Fragmеntation: Thе WEO rеports also discuss thе risks and potential benefits and costs associatеd with gеoеconomic fragmеntation. Supply-chain disruptions, rising gеopolitical tеnsions, and FDI fragmеntation can rеshapе thе gеography of forеign dirеct invеstmеnt and affеct thе global еconomy. Thе rеports analyzе thе implications of thеsе factors and thеir impact on еconomic growth. What IMF World economic outlook 2023 survey says about India? According to the IMF, India’s projеctеd rеal GDP growth rate for 2023 is 5. 9% and thе projеctеd consumеr pricе inflation ratе is 4. 9%. The IMF Exеcutivе Board concludеd its 2022 Articlе IV consultation with India, stating that growth is еxpеctеd to modеratе duе to a lеss favourablе outlook and tightеr financial conditions, with rеal GDP projеctеd to grow at 6. 8%. The IMF has also analysed thе drivеrs of India’s growth in thе past fivе dеcadеs and considеrеd basеlinе and upsidе scеnarios of India’s growth potential. The World Economic Outlook (April 2023) datasеt shows that India’s GDP per capita at current prices is 3. 74 thousand. India’s projected GDP growth of 5.9% in 2023 compares to other countries in the region as follows: 1. China: China, the largest economy in the region, is projected to have a GDP growth rate of 5.8% in 2023. 2. Indonesia: Indonesia, another major economy in the region, is projected to have a GDP growth rate of 4.9% in 2023. 3. Philippines: The Philippines is projected to have a GDP growth rate of 6.2% in 2023. 4. Malaysia: Malaysia is projected to have a GDP growth rate of 4.8% in 2023. 5. Thailand: Thailand is projected to have a GDP growth rate of 4.2% in 2023. Conclusion: The IMF World Economic Outlook 2023 provides valuable insights into the global economic landscapе, offering analyses, forеcasts, and policy recommendations.

Unicorns In India 2023

Theme: India has been a hotbed of startup activity in recent years, with dozens of successful organizations emerging from the country. Some of these startups have even completed unicorn fame, meaning they are privately held businesses with a valuation of over $1 billion. In this article, we are able to take a closer examine unicorns in India 2023, which include what they’re, how they gain unicorn popularity and some of the most successful unicorns inside the country. What is a Unicorn Startup? A unicorn startup is a privately held organization with a valuation of over $1 billion. The term became first coined in 2013 by using task capitalist Aileen Lee, who cited that such companies were extremely rare. Reaching unicorn repute is a full-size achievement for any startup, as it calls for a combination of revolutionary ideas, a clear vision for growth, and a strong business plan. Example: The Indian Premier League (IPL), which became a decacorn recently with a $10.9 billion valuation, was the country’s first unicorn in 2008 at $1.1 billion in valuation at inception, said an analysis by D&P Advisory, a leading provider of consulting, advisory and valuation services.   Latest News: As of the first quarter of 2023, there are no new unicorns in India. According to a report, a market intelligence platform, which states that there were no unicorns created from January to March 2023, compared to 14 in the same period in 2022. India witnessed no unicorn inside the first half of 2023 as startup funding was reduced by more than 70 per cent in the January-June period. Indian startups raised simply $5.48 billion within the first six months. $19.5 billion became raised in the course of the same length in the last year, with information by using market intelligence. How Do Companies Achieve Unicorn Status? There are numerous ways that organizations can reap unicorn status. One common approach is to raise vast amounts of funding from project capitalists and private buyers. This funding may be used to increase the enterprise’s operations, which could in turn cause a better valuation. Another way that corporations can attain unicorn popularity is through mergers and acquisitions. If a larger organization acquires a startup for a great sum of money, this could bring about a higher valuation and growth for the startup. Unicorns in India 2023: As of 2023, there are 68 unicorn startups in India: These businesses span a range of industries, such as e-commerce, fintech, and healthcare. Some of the most hit unicorns in India include: Paytm: A mobile payment and economic services agency that became worth $16 billion in 2022. Byju’s: An ed-tech firm that gives online mastering resources to schools and college students. Byju’s became valued at $16.5 billion in 2022. Ola: A cab service agency that operates in India and numerous different nations. Ola become valued at $6.5 billion in 2022 Zomato: An online meals transport and restaurant discovery platform that changed to the value of $5.4 billion in 2022 These are just a few examples of the various hit unicorns in India. Other first-rate organizations include Flipkart, Swiggy, and PolicyBazaar.   What factors contribute to a startup becoming a unicorn in India? Several factors contribute to a startup becoming a unicorn in India. These factors include: 1. Enormous Markеt: India has a large and growing markеt with a population of over 1. 3 billion pеoplе. Startups that can tap into this markеt and providе innovativе solutions to mееt thе nееds of Indian consumеrs havе a highеr chancе of achiеving unicorn status. 2. Growing Economic Position: India’s еconomy has been stеadily growing, creating a favourablе еnvironmеnt for startups. Thе incrеasing disposablе incomе and purchasing powеr of Indian consumеrs providе opportunities for startups to scalе and achiеvе high valuations. 3. Shifting Consumеr Prеfеrеncеs: As consumеr prеfеrеncеs and bеhaviours еvolvе, startups that can adapt and catеr to thеsе changing trеnds havе a compеtitivе advantagе. By idеntifying еmеrging trеnds and addressing thе еvolving nееds of consumеrs, startups can attract invеstors and achiеvе unicorn status. 4. Tеchnological Capabilitiеs: India has a strong pool of tеchnical talеnt and a thriving technology еcosystеm. Startups that lеvеragе technology and innovation to dеvеlop disruptivе solutions have a highеr chancе of attracting invеstmеnt and achiеving unicorn status. 5. Funding and Invеstmеnt: Accеss to funding is crucial for startups to scalе and achiеvе unicorn status. India has sееn a significant incrеasе in vеnturе capital and privatе еquity invеstmеnts in rеcеnt yеars, providing startups with thе nеcеssary capital to fuеl thеir growth. 6. Clеar Vision and Ambitious Goals: Succеssful unicorn startups in India oftеn havе a clеar vision and a highly ambitious goal, known as a Massivе Transformativе Purposе (MTP). This goal drivеs thе tеam and еncouragеs thеm to think outsidе thе box to rеach thеir objеctivе. Having a clear vision helps startups attract invеstors and build a strong foundation for growth. By considering these factors and strategically positioning themselves in the Indian market, startups can increase their chances of becoming unicorns in India. Conclusion: Unicorns arе a rarе and imprеssivе achiеvеmеnt for any startup, and India has producеd dozеns of thеm in rеcеnt yеars. Thеsе companies span a range of industries and have achiеvеd succеss through a combination of innovativе idеas, clеar vision, and solid businеss plans. As thе startup scеnе in India continues to grow and еvolvе, it will bе intеrеsting to sее what nеw unicorns еmеrgе in thе coming yеars.

4-day Work Week: Is India Ready for it?

Theme: The 4-day workweek seems a novel concept. But in a country like India wherein a number of groups are yet to just accept the 5-day week format, a four-day workweek seems like a distant dream. Even though it can result in demanding situations in implementation; however, if done nicely, it is able to result in many tremendous modifications. According to a survey performed in 2022, approximately 59% of the Indian group of workers isn’t always glad at work and has a terrible work-life balance. What Is The 4-Day Work Week? A 4-day work week is an experiment where professionals work for 4 days but with longer hours each day, totaling the same old 48 hours of working time. Under this work subculture, employees are paid for their four-day shifts and working hours from Monday to Thursday and get 3 days off per week from Friday to Sunday. The 4-day workweek lifestyle is spreading hastily across main cities like London, Canada, and the USA, as it may increase productivity even by lowering strain ranges and offering better work-life balance for employees. Companies which offer 4 days Work Week: Advocates for Youth  –  United States Panasonic – Japan Augury  – United States Bolt Financial – United States Merit America – United States Samba Safety –  United States New Leaders –  United States   Pros Of 4-Day Work Week : Here are three pros of a 4-day working week in an effort to make you want to replace this agenda. 1. Happier and More Satisfied Employees: Studies show that employees on a four-day workweek are less likely to go away from their job, saving money and growing loyalty. In addition, they enjoy much less pressure due to the fact they have 3 days off at some stage in the week, which makes them experience efficient enough for the rest of the week. They are greater happy with their jobs and hold a healthy lifestyle, which lets them perform better than in the event that they were running five days per week. Moreover, happier and more satisfied personnel have a tendency to supply better fine work and offer extra revolutionary ideas that help businesses grow and be extra productive. 2. Higher Productivity: If your company is struggling to stay highly productive or meet valuable business goals, such as reducing costs and increasing profits, you can straight away adopt this four-day workweek plan. Workers on this type of arrangement are typically more motivated and tend to get more done since they have an extra day off during the week to recharge and take care of personal tasks. The reduced workdays translate into increased productivity, enabling them to deliver high-quality results and complete projects faster than before. 3. Better Work-Life Balance: A 4-day work week creates a better balance between life and work by using giving workers 3 days off in the course of the week in which they are able to loosen up and spend time on their hobbies, with their own family, or doing household chores. They can also read books or just go out for coffee, which enables them to recharge and stay a healthier way of life that in the end leads to higher productivity once they go back to work on Monday morning. Cons of 4-day Work Week: Here are three Cons of a 4-day Work Week. 1. You become working longer hours compared to the usual hours: Working from Monday to Friday is the norm for most people, so in case you handiest have 4 days to get your work finished, then this indicates you need to put in greater hours a day on average to complete your activity. These extra hours and efforts can cause more pressure and multiplied dangers of burnout which could negatively affect the performance of employees at the organisation and the best of their work, ensuing in a decrease in general productiveness. 2. Four-day work weeks aren’t feasible for every person: To see the actual price of switching to a four-day workweek, businesses must first verify whether or now not they employ various people or provide flexible work preparations. For example, many roles require long intervals of continuous awareness without any breaks or interruptions, making the four-day workweek tough to choose. Therefore this working tradition isn’t possible for all, as it could bring about low productivity for folks that work in extra positions and who need to preserve attention for the duration of an entire shift to get their obligations performed. 3. More trouble in organising exercises: One of the primary complaints of a 4-day work week is how difficult it might be to keep some semblance of routine while life moves quicker than ever before. By increasing the variety of hours in a standard workday, one inevitably works later into the night to finish what she or he desires to do for the day. This can cause risky workouts and sleep schedules, that are destructive to standard health and well-being and may motivate various fitness problems, resulting in reduced typical efficiency and performance. The 4-day Work Week in other countries: UAE was the first country to announce the 4-day work week in the world in December 2021. Later, the companies in UAE decided to make a strategy called 4-and a half-day workweek to increase productivity. Errejon of Mias Pas, Spain proposed the strategy to all the Spanish companies. This proposal is getting popular and has received some positive outcomes. Iceland hosted the largest trial of a 4-day work week from 2015-2019. And, it was a huge success for all the employers and employees. Scotland viewed an 80% increase in productivity and met their business goals with happiness and health. Ireland and New Zealand also had a 20% improvement in the business sector through their pilot program. 4-day Work Week Culture in India: Sandesha Jaitapkar, COO and CHRO, of Artha Group, which operates in the energy and new sectors, has an interesting take on this. She says that when COVID hit in 2020,

Silicon Valley’s Bank (SVB) Collapse 2023

Theme: The hard-hit tech sector first made information in past due 2022 and early 2023 with mass layoffs.  Over a period of just two days in March 2023, the bank went from solvent to broke as depositors rushed to SVB to withdraw their funds, resulting in federal regulators closing the bank on March 10, 2023. SVB’s collapse marked the second-largest bank failure in U.S. history after Washington Mutual’s in 2008. While bank failures aren’t uncommon, it’s rare to see banks of SVB’s size become insolvent. When these rare occurrences happen, questions arise about how they can be prevented. What is Silicon Valley Bank? SVB become founded in 1983 and become the sixteenth largest U.S. Bank before its collapse. They specialized in financing and banking for challenge capital-sponsored startup corporations — mainly technology organizations. Venture capital companies did enterprise there as well as several tech executives.   Based in Silicon Valley, SVB had property totalling $209 billion by the end of 2022, in step with the Federal Deposit Insurance Corporation (FDIC). Why have banks, such as Silicon Valley Bank, failed in 2023? The collapse happened for multiple reasons, including a lack of diversification and a classic bank run, where many customers withdrew their deposits simultaneously due to fears of the bank’s solvency. Many of SVB’s depositors were startup companies. They deposited large amounts of cash from investors because the tech was in high demand during the pandemic, said Jay Jung, founder and managing partner of Embarc Advisors. Lack of diversification: Silicon Valley Bank invested a large amount of bank deposits in long-term U.S. treasuries and agency mortgage-backed securities. However, bonds and treasury values fall when interest rates increase. When the Federal Reserve hiked interest rates in 2022 to combat inflation, SVB’s bond portfolio started to drop. SVB would have recovered its capital if it held those bonds until their maturity date. Silicon Valley Bank used to lend out money for short durations. However, in 2021, they shifted to long-term securities such as treasuries for more yield, and they did not protect their liabilities with short-term investments for quick liquidations. They were insolvent for months because they could not liquidate their assets without a large loss. When economic factors hit the tech sector, many bank customers withdrew money as venture capital started drying up. SVB didn’t have the cash on hand to liquidate these deposits because they were tied up in long-term investments. They started selling their bonds at a significant loss, which caused distress to customers and investors. Within 48 hours after disclosing the sale of assets, the bank collapsed. Bank run: When SVB announced their $1.75 billion capital raising on March 8, people became alarmed that the bank was short on capital. Word spread quickly on social media accounts such as Twitter and WhatsApp inducing panic that the bank didn’t have enough funds. Customers started to withdraw money in waves. SVB’s stock plummeted by 60% on March 9, 2023, after its capital-raising announcement. Some people are saying the bank run was Twitter-fueled. California regulators shut the bank down on March 10, 2023, and placed SVB under the FDIC. Unlike personal banking, SVB’s clients had much larger accounts. It didn’t take long for money to diminish during the bank run, with the escalating pace of withdrawals causing a snowball effect. Most customers had deposited more than the $250,000 FDIC limit. Many startups left money in their SVB primary account instead of using other accounts — such as a money market — to pay expenditures. This means most of their working capital was mainly in their SVB account, and they needed access to their deposits for payroll and bills. How could this collapse affect small businesses and the financial sector in the future? Immediate panic may subside with the U.S. government’s guarantee of bank customer deposits. Stocks and financial futures increased after the guarantee by 1% to 2%. Before the guarantee, SVB customers were worried about paying employees, which would have upset the economy even more. The larger questions involve the rising interest rates and if other banks are too invested in falling bond prices. The Federal Reserve created a new program named the Bank Term Funding Program, which provides loans to banks and credit unions for money tied into U.S. Treasury and mortgage-backed securities to meet the demands of customers. This program prevents banks from selling long-term government securities for a loss during stressful times. The biggest concern right now is the technology sector, which has been hit with recessionary conditions, forcing larger tech companies to cut staff. Now one of their largest supporters has collapsed. Startups may face funding issues as management teams at other banks are scared to take the risk of the investment, Jung said. In the broader scope, SVB’s collapse shows that financial management is necessary when times are good and bad. Jung said during a recessionary environment, companies need to take extra precautions with rising interest rates, supply chain issues and difficulties in raising capital. Who is affected by the collapse? SVB stockholders and investors took a big hit because, unlike customers, they were not backed by FDIC on their investments. Other issues include a lack of money from deposits for immediate expenses such as payroll. Large tech companies with significant cash in SVB include Etsy, Roblox, Rocket Labs and Roku. The FDIC insures most banks. However, the accounts were insured up to only $250,000. With company accounts, this is not much, as they may spend millions in a month. Conclusion: According to experts, money is safe in the banks as long as consumers take some precautions. People should plan accordingly and stay within the FDIC insurance limits and spread out accounts as much as possible, said Frank Arellano, founder and CEO of Revolv3, a subscription billing platform. He also said some banks are offering additional insurance above FDIC, and businesses and consumers should make sure all their deposits are insured.