Web 3.0 – The New Decentralized Online Experience

Theme: Web 3.0 is defined as a decentralized web, in which content material no longer lies inside the hands of huge businesses. Instead, it uses peer-to-peer infrastructure, so the information cannot be deleted by way of businesses or the government. Web 3.0, also known as Web3, is the third generation of the World Wide Web. Web 3.0 is meant to be decentralized, open to everyone (with a bottom-up design), and built on top of blockchain technologies and developments in the Semantic Web, which describes the web as a network of meaningfully linked data. Web 3.0 – Futuristic Vision: It is expected that Web 3.0 will be a decentralized internet. Now there are already so many Decentralized applications or dApps, which are built using blockchain technology to give more control to users over their data and finances. As the data is not controlled by big companies, user privacy will be guaranteed. The accuracy of the information may also be improved by making Artificial intelligence learn to distinguish between good and bad data. AI is already being used to achieve this purpose. For example, Google removed millions of fake reviews using Artificial Intelligence. Web 3.0 allows 3D graphics in apps. Big tech companies are already investing in metaverse – virtual environments. Decentraland, Sandbox, and CryptoVoxels are some of the popular metaverses. Metaverses are made possible with the help of Virtual Reality (VR) and Augmented Reality (AR) technologies. In the virtual world, we can communicate, shop and play games using our digital avatars. There, we can use cryptocurrencies for financial transactions. Some websites and apps are already incorporating Web 3.0 into their applications. Some experts are saying that Web 3.0 may not completely replace Web 2.0 at least not in the near future. Instead, both will operate simultaneously. The previous versions of the web: Web 1.0: The first version of the web was started with the development of the web browser in 1991. It consisted of static websites with content written by a few people and organizations. Other people can only read the content, they cannot comment or provide new information, so it is just one-way communication. Web 2.0: The next version of the web, which is Web 2.0 was started in approximately 2004. It allowed consumers to add content through comments, blogs etc. People started generating lots of content through social media websites too. So, people can read and write on this version of the web, which allowed two-way communication. Decentralized Applications (DApps): Decentralized programs (DApps) are digital protocols or applications that thrive on a blockchain or P2P network of computer systems. These apps undertake the decentralized infrastructure to stay loose from the restraints of a single regulatory authority. Presently, DApps are typically designed at the Ethereum portal that makes use of smart agreement generation. Here are some examples of decentralized packages which might be advanced for Web 3.0: Finance: Decentralized finance (DeFi) is one of the maximum popular use instances for DApps. Defi DApps are designed to provide monetary services such as lending, borrowing, and trading without the need for intermediaries like banks. Gaming: DApps are also being developed for gaming. These DApps permit game enthusiasts to buy, sell, and alternate in-sport belongings using cryptocurrencies. Social media: Decentralized social media structures are being developed to provide customers with more management over their information and privacy. These systems use the blockchain era to ensure that users’ information is steady and can’t be accessed with the aid of third events. Supply chain control: DApps are being evolved to improve delivery chain control. These DApps use blockchain technology to merchandise from the producer to the give-up consumer, making sure transparency and duty. Identity control: DApps are being evolved to offer users extra control over their virtual identities. These DApps use blockchain technology to make sure that customers’ identities are stable and cannot be accessed by unauthorized events.   Challenges in Web 3.0: There are fears that the virtual worlds of Web 3.0 may make internet addiction more severe. Some people thinks that there is no guarantee that Web 3.0 is also controlled by big tech companies. Earlier when the first version of the web came, people expected that it will guarantee free speech and no one can control it like they controlled traditional media such as newspapers and television. But, the web content is also largely controlled by big corporations. So, there are fears that Web 3.0 may also turn into the same. Differences and Similarities between Web 2.0 and Web 3.0: Web 3.0 and DApps are still in the early stages of development, and there are several challenges that need to be addressed before they can be widely adopted. Here are some of the challenges facing Web 3.0 and DApps: Complexity: DApps are inherently complex because of the consensus technique. Developing DApps calls for deep expertise in blockchain technology and smart contracts, which may be tough for builders who are new to the sector. Scalability: One of the largest demanding situations going through Web 3.0 and DApps is scalability. Currently, maximum blockchain networks are slow when compared to centralized networks. There is continually a change-off among decentralization, scalability, and security, that’s generally called the blockchain trilemma. Security: Security is another essential venture dealing with Web 3.0 and DApps. While decentralization plays a key function in Web 3.0, it is very hard to attain without giving up some of the safety or scalability. When customers manipulate their own information without a third party acting as an insurer, numerous risks rise up. Interoperability: Interoperability is every other challenge going through Web 3.0 and DApps. Currently, maximum DApps are constructed on exclusive blockchain networks, which makes it tough for them to speak with every other. This loss of interoperability can restrict the usefulness of DApps. Regulatory demanding situations: The regulatory environment for Web 3.0 and DApps remains unsure. Governments around the world are still seeking to determine the way to regulate cryptocurrencies and blockchain generation, which could create uncertainty for builders and investors. Conclusion: In

Strong Tech Startups in India 2023

Theme: While entrepreneurship includes all new businesses, including self-employment and businesses that do not intend to go public, startups are new businesses that want to grow significantly beyond the solo founder. A startup is a young company established by one or more entrepreneurs to create unique and irreplaceable products or services. It aims at bringing innovation and building ideas quickly. A startup or start-up is a company or project undertaken by an entrepreneur to seek, develop, and validate a scalable business model. Initially, startups face high uncertainty and have high rates of failure, but a minority of them do go on to be successful and influential. News & Data on Startups: A recent report published by CBI Insights concluded that India was among the world’s top 3 largest startup ecosystems, closely competing with the US and China. Indian startups received significant investment, with as much as USD 4.4 billion infused into various ventures between 2022-2023. Furthermore, 2022 witnessed a rise of as many as 14,000 startups in India. With these figures in mind, it is evident that India is a hub for significant startup activity. There are mainly three main reasons that can be attributed to this. Such include, Low-cost skilled labour National and international funding Growth opportunities Startups & Flagships: Startups have actively contributed to Government’s flagship programs such as Atal Mission for Rejuvenation and Urban Transformation (AMRUT), Smart Cities Mission, Swachh Bharat Mission, National Heritage City Development and Augmentation Yojana (HRIDAY scheme) to improve urban infrastructure and service provision. Furthermore, DPIIT has recognised startups which are spread across 56 diversified sectors. More than 15% of these startups are in sectors such as Agriculture, Healthcare & Lifesciences, Automotive, Telecommunication & Networking, Computer Vision, etc. Over 7,000 recognised startups are in sectors like Construction, House-hold Services, Logistics, Real Estate and Transportation and Storage contributing towards urban concerns. Top Successful Startups in India: 1. CRED- FinTech Founded by Kunal Shah in 2018, CRED is a platform that facilitates all credit card payments. CRED recently introduced a new feature called Coins, which gives users free coins each time they pay through the app. Cash may be charged for supplies or workshop participation. The startup is headquartered in Bangalore and has 11.2 million users. 2. Flipkart- eCommerce Flipkart has become quite the household name in the Indian subcontinent. It was first launched in 2007 by Sachin Bansal and Binny Bansal. It amassed wealth and fame in a short span of time, thus making it of the top 10 startups in India. Flipkart is an online marketplace where sellers and buyers can easily interact. In return, Flipkart charges royalties for products sold through the platform. Initially started as an online bookstore, Flipkart expanded to sell mobile phones, home goods, and more. With over 80 million items, there are categories. 3. OLA – Carriers OLA, one of India’s top startups, is a leading ride-hailing company with 125+ million users. It was first launched in 2010 by Ankita Bhati and Bhavish Agarwal. Fast forward to 2019, the company acquired Food Panda and opened its first food delivery service. For each vehicle booked on this platform, Ola charges taxi drivers a certain amount. Besides advertising and fancy subscriptions, this is its main source of income. 4. Meesho – Store Meesho is a reseller platform that allows small businesses to connect with their target audience. It offers features such as logistics management and payments to vendors. Founded by IIT Delhi alumni in 2015, it reached a market valuation of US$2.1 billion. 5. PharmEasy – Healthcare Dharmil Sheth introduced PharmEasy in 2015 to digitise the healthcare industry. PharmEasy is a healthcare delivery platform that has simplified the whole healthcare setup in India. It allows you to connect with local pharmacies and have medicines and health equipment delivered to your doorstep. 6. Nykaa – Beauty Retail Launched in 2012, Nykaa has very quickly made its name among the best startups in India, and for all the right reasons. It is a home-grown startup store that typically sells products related to beauty, fashion, and wellness, both online and offline. The idea was to make these products easily available to teenagers and young adults. 7. Zomato – Online Food Ordering Founded in 2008 by Pankaj Chaddah and Deepinder Goyal, Zomato has emerged as a prominent food application. It operates in 24 countries worldwide and boasts 32 million monthly users. Given such huge popularity and high performance of this platform, it is regarded among the top startups in India. 8. Boat – Lifestyle Founded by Aman Gupta in 2016, Boat is yet another example of a successful startup in India. It specialises in electronic goods ranging from earphones to travel chargers. Very few companies have been able to provide top-notch quality of these electronic items at affordable price points. This is one of the many reasons this company has exponentially grown among Indian youths. 9. Paytm – FinTech Paytm is a one-stop solution for all financial needs, from bill payments to mobile recharges and money transfers. It was first introduced in the year 2010 by Vijay Shekhar Sharma. Starting as a simple mobile wallet service, it has now become a leading giant in the FinTech industry, with over 90 million users. 10. Byju’s – Educational Technology With over 10 million users, Byju’s is an online platform that specialises in providing educational courses to students. Tencent and Sofina are among the many investors in this ed-tech startup. It was launched by Byju Raveendran in the year 2015 and has quickly emerged as a leader in the educational technology sector. Conclusion: India’s startup market is expected to reach $5 trillion by 2024 instead of just one domain. In addition, the Indian government has also introduced various new policies to help entrepreneurs and enhance the overall growth of the Indian startup ecosystem such as the creation of state-run incubators, tax breaks and other reforms.

BUY NOW PAY LATER (BNPL) 2023 – PROS AND CONS

Theme: What is Buy Now Pay Later(BNPL)? Buy now, pay later (BNPL) services can help you finance purchases over time, but you can incur fees if you miss payments. These fees can make your purchase more expensive than originally planned. It’s important to use the buy now, pay later services with a plan for how you will pay your installments before you click “buy.” BNPL payments are expected to grow by 22.9% on an annual basis to reach US$14,289.4 million in 2023. The BNPL payment industry in India has recorded strong growth over the last four quarters, supported by increased e-commerce penetration. The medium to long-term growth story of the BNPL industry in India remains strong. Buy now pay later services in India are about to cross USD 7000 million in 2022-23. 22% of consumers in India buy goods using BNPL services. The 26 to 35 age group is the primary segment of the BNPL market in India. India BNPL Market Share Analysis by Key Players: Simpl ZestMoney LazyPay Capital Float PineLabs Paytm Postpaid OlaMoney Postpaid Amazon Pay Later Flipkart Pay Later Buy now, pay later Pros: It’s no secret that buy now, pay later services have risen dramatically in popularity. The volume of BNPL loans from five leading service providers increased by 97% between 2019 and 2023, according to a report by the Consumer Financial Protection Bureau. People love the opportunity to pay according to their schedule, use the service for online or in-store purchases, and receive cheap or free credit. Some pros to using buy now, pay later include: 1. Split-up Payments- The main advantage of BNPL services is the ability to break down payments into manageable chunks. You don’t need to have all the cash in your pocket that day when making the big purchase. Most buy now, pay later services split the cost across multiple payments spaced two to four weeks apart. This payment lock is often used with bi-weekly payroll plans to help replenish your bank account before the next payment. 2. 0% Financing  – If you pay your BNPL on time, you will generally not pay any interest, and pay users later. If you want to cancel the payment without paying any service charges or interfacing 0% of the money have the appeal of making the BNPL scheme works well. 3. Get finance without credit cards – Some buy now, pay later services don’t check your credit before approving you. For those who are new to lending or rebuilding their credit, BNPL can offer feasible financing options. Cons of Buy Now, Pay Later: Just because it makes spending easier, buy now, pay later isn’t necessarily safer for your finances. Using buy now, pay later services can open users up to financial risks that may not be worth the convenience in the end. Some BNPL cons include: 1. Fees and Interest If you miss a BNPL payment, you may be charged late fees or interest on your unpaid balance. Depending on the amount charged by the BNPL lender and how these fees are structured, they can add up quickly. Buy now, pay later services can also turn your account over to a collection agency. Besides accruing more fees and interest during this timeframe, your credit score could also be put in danger. 2. Possible Overdrafts Frequent, automatically scheduled payments could increase the potential for bank account overdrafts if you aren’t careful. If you set BNPL payments to draft from your checking account automatically, it’s important to remember the schedule and make sure enough funds are in your account. Add these dates to your calendar and make sure you leave enough after each paycheck deposit to meet the next payment date so you avoid late payments. 3. Easy to Overextend Finances One of the biggest dangers of using BNPL services is that it can be easy to overextend your finances. Only looking at the cost of each payment may make it difficult to register the full cost of the item. Especially when you make several purchases with buy now, pay later arrangements, bills can rack up—and be challenging to juggle. 4. Miss Out on Rewards If you typically shop with a credit card but are considering using buy now, or pay later for a purchase, remember that you’ll forgo your rewards and other credit card benefits. BNPL services typically do not have a reward structure like credit cards. You also won’t get other credit card benefits, like purchase protection. There are workarounds, like paying off your buy now, pay later bill with a credit card to get rewards points, but this may be overly complicated for some shoppers and could end up costing you more if you can’t pay your full credit card bill. Alternatives to Buy Now Pay Later (BNPL): Credit Cards Personal loans Store Financing Deals Delayed purchases Conclusion: Thus, Buy Now, pay later (BNPL) is a type of short-term financing that allows consumers to make purchases and pay for them over time, usually with no interest. Before buying a product choosing a plan is the most important step. BNPL can be useful but it can also render you with an amount shortage. Plan and act for better administration.    

Green Growth – The New India 2023

Theme: Green growth is one of the seven top priorities of the Union Budget 2023-24 for ushering green industrial and economic transition, environmentally friendly agriculture and sustainable energy in the country. It will also generate a large number of green jobs. The seven “Saptarishi” priorities-inclusive development, reaching the last mile, infrastructure and investment, potential, youth power, the financial sector, and green growth, are the major themes of the Union Budget, 2023. In the budget speech, the Finance Minister emphasized the words “green” and “sustainable” numerous times. She suggested that during Amrit Kaal, green growth might be revolutionary. The fundamental objective of green growth strategies is to make sure that natural resources can sustainably fulfil their maximum economic potential. What is Green Growth? In essence, ‘Green Growth’ refers to an economic growth plan that places a significant emphasis on sustainable development while minimizing harmful environmental effects. Out of 180 countries, India was placed 169th in the Environment Performance Index of 2022. Rankings were determined by factors like waste management, air quality, biodiversity & habitat, fisheries, ecosystem services, and climate change. India is the fifth-largest economy in the world, although it performed worse than many other smaller economies on the ranking. India’s Initiative to Promote Green Growth: The vision for “LiFE,” or Lifestyle for Environment, set forward by the prime minister aims to inspire a trend towards living sustainably. To lead the world into a green industrial and economic transition, India is vigorously pursuing the “panchamrit” and net-zero carbon emissions by 2070. Additionally, India is putting into practice numerous policies and programmes for the effective use of energy across various economic sectors, including green buildings, green equipment, green farming, green mobility, and green fuels. Large-scale green job opportunities are facilitated by these green growth initiatives, which also contribute to diminishing the economy’s carbon intensity. Green growth policies are an integral part of the structural reforms needed to foster strong, more sustainable, and inclusive growth. They help in several aspects of growth- Enhancing productivity by creating incentives for greater efficiency in the use of natural resources, reducing waste and energy consumption, unlocking opportunities for innovation and value creation, and allocating resources to the highest value use. Boosting investor confidence through greater predictability in how governments deal with major environmental issues. Opening up new markets by stimulating demand for green goods, services, and technologies. Contributing to fiscal consolidation by mobilizing revenues through green taxes and the elimination of environmentally harmful subsidies. These measures can also help to generate or free up resources for anti-poverty programs in such areas as water supply and sanitation, or other pro-poor investments. Reducing risks of negative shocks to growth due to resource bottlenecks, as well as damaging and potentially irreversible environmental impacts. India’s Green Growth Strategy Green growth, from green credits to green energy to green mobility to green farming, was among the seven main priorities that the latest budget announced. Indian green growth and energy transmission are outlined on three pillars: Increasing the production of renewable energy Reducing the use of fossil fuel in the economy Rapidly moving towards a gas-based economy in the country Measures like ethanol blending, PM KUSUM Yojana, incentives for solar manufacturing, rooftop solar scheme, coal gasification, and battery storage in the Budgets of the past few years underlined the strategy. Government Initiatives for Green Growth Some of the other major initiatives driving India’s green growth are: PM KUSUM PM-KUSUM (Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan) Scheme is aimed at ensuring energy security for farmers in India. It is honouring India’s commitment to increase the share of installed capacity of electric power from non-fossil-fuel sources to 40% by 2030 as part of Intended Nationally Determined Contributions (INDCs). The scheme was launched in 2019 with 3 components: Component-A: For Setting up 10,000 MW of Decentralized Grid Connected Renewable Energy Power Plants on barren land. Component-B: For Installation of 17.50 Lakh stand-alone solar agriculture pumps. Component-C: For Solarisation of 10 Lakh Grid Connected Agriculture Pumps. Gobardhan Yojana India has the potential of producing 10 thousand million cubic meters of biogas from Gobar (cow dung) and 1.5 lakhs cubic meters of gas which can contribute up to 8% to the city gas distribution in the country. Gobardhan Yojana launched in 2018, is an important component of India’s biofuel strategy. In this budget, the government has announced plans to set up 500 new waste-to-wealth plants under the Gobardhan Yojana. The Galvanizing Organic Bio-Agro Resources Dhan (GOBAR-DHAN) scheme is implemented under the Swachh Bharat Mission Gramin-Phase 2, by the Department of Drinking Water and Sanitation under the Jal Shakti ministry. Conclusion India has huge potential to lead the world when it comes to technology for Green Energy and it can forward, the cause of global good apart from generating Green Jobs. The budget 2023-24 also identifies 100 projects to improve last-mile connectivity for industries like coal and ports, as well as activities that would not be considered green growth.

Innovation vs Invention – Which is strong?

Theme: Invention is the creation of a new product or service that has the potential to generate revenue, while innovation is the modification of the existing products or services for delivering better customer satisfaction and hence deriving greater benefits. The above parallel drawn makes it clear that invention lays the foundation for innovation to follow and both are primary requirements for the smooth functioning of a company. The decision for innovation or invention in a company is based on the existing products and services of the competitors. What is Invention? The invention can be described as the introduction of a new product line, device or ideology that is based on study and experimentation. Companies get inventions registered in their own name by virtue of patents. Patents reserve the right of ownership of the invention with its inventor for a particular period of time, hence ensuring that the invention is not misused. Inventions have unexpected results: Inventions are described as taking a jump into what is unknown. It possesses a high risk of having unknown effects and substantial results because no one can correctly forecast the outcome.   Inventions should be the leading priority: For an invention to produce excellent results it is necessary that no one else has come up with the same or similar idea in that particular period of time. Invention is the building block for innovation: Innovation is often referred to as putting an invention to use. For e.g. the discovery of the Electric Dynamo by Michael Faraday highlighted the practical use of electricity which was invented and known even before.   4 Greatest Inventions in the Past Decade: 1. ​Google Assistant – The Assistant, established on the Google Home smart speaker, Google telephones, and other gadgets, converses with humans often by voice. At your command, it could compose messages, make calendar reminders, or test the net for solutions to questions–now and again with a dose of humour–and can immediately translate spoken words into 27 unique languages. 2. SpaceX’s Reusable Rocket – A Falcon 9 launch costs approximately $62 million, or $2,500 in line with a pound of shipment–one area of what it prices a decade ago–which has helped make the area accessible to startups. And it could also be available in handy if, you recognize, we ever want to abandon Earth totally and flow civilization to Mars. 3. iPad – The iPad has offered 400 million units to this point and spawned competitors from the likes of Amazon, Microsoft, Samsung, and Google. Today, ipads have emerged as essential gadgets for the enterprise. 4. The ​Self-Driving Car – Most of the fundamental vehicle manufacturers, plus trip-hailing corporations like Uber and Lyft, have since accompanied match, and these days, passengers can hail driverless cabs being beta examined in cities like Phoenix and Pittsburgh. With gadgets imaginative and prescient and a few wonderful synthetic intelligence, the technology guarantees to make the roads a whole lot more secure, resulting in keeping with fewer deaths, according to the maximum constructive estimates.   What is Innovation? Innovation can be described as a value addition to a product line, device or ideology by altering its basics for delivering greater value to the customer and survive in a persistently innovating environment. Innovation requires extensive study and research, the result of which should be superior to the competitors. Thus innovation is a complex process. Innovation attracts the best talent: Talented people will work in an organization that provides them with greater opportunities. A company that is established as innovative will be their first priority. Innovation requires a variety of skills: Before making any changes in the existing product line, a company has to analyse its profitability, which requires a host of skills including marketing, and planning. Innovation gives technical advantage: A constantly developing firm will have full access to the current technologies and thus will always be able to have the first mover advantage and hence deliver value to the customers. Examples: Apple – When Steve Jobs returned in 1997, he lead Apple to the apogee of achievement through amazing innovations like the iPhone, iPad and lots of different innovations. Augmented Reality – Augmented reality, in which virtual snapshots are overlaid onto stay pictures to deliver records in actual time, has been around for a while. Only these days, but, following the advent of more powerful computing hardware and the creation of an open-source video tracking software program library referred to as ARToolKit that the generation has certainly taken off. Blockchain – The simplest clarification of blockchain is that it is an incorruptible manner to file transactions between events – a shared virtual ledger that parties can handiest upload to and this is transparent to all contributors of a peer-to-peer community in which the blockchain is logged and stored. Digital assistants – One of the biggest trends in the latest years has been the digital assistant, which can now be found in normal client devices like door locks, light bulbs, and kitchen home equipment. The key piece of a generation that has helped make all this possible is the digital assistant. Tokenization – If you have got ever used the chip embedded in a credit or debit card to make a fee through tapping in place of swiping, then you definitely have benefited from the heightened protection of tokenization. Conclusion: Invention requires innovation to build and deliver a world-standard product that can be accepted by society. Each one is dependent on another, thus both serve to be the key factors in shaping dreams into reality.  

THE GO FIRST CRISIS 2023

What is the Go First crisis? Theme: Go First is the latest airline in the Indian aviation sector that has hit turbulence. The budgeted carrier has filed for bankruptcy-the second Indian airline to declare bankruptcy in four years. In 2019, Jet Airways filed for bankruptcy. Go First’s total debt to financial creditors was ₹65.21 billion as of 28th April 2023. The airline owes over ₹2,600 crores (approximately) to various aircraft lessors. Go First’s lessors include SMBC Aviation, CDB Aviation’s GY Aviation Leasing, Jackson Square Aviation, and BOC Aviation. Go First is blaming its engine suppliers Pratt and Whitney for the current crisis. Go First said that P&W supplied faulty engines which halted their flights, resulting in direct losses to the carrier. Go First also cited data to justify its claim. Grounded aircraft “due to Pratt and Whitney’s faulty engines” surged from 7% (in December 2019) to 50% (2022 December), costing ₹108 billion in lost revenues ad additional expenses. Why Go First crisis could increase the cost of air travel in India? The demand for air travel in India, which is the world’s third-largest aviation market, has seen a massive spike after the Covid-19 pandemic, and airlines operating in the country are falling short of aircraft to meet the demand. As of now, Indian carriers have around 700 planes, and most of the commercial aircraft in the country are operated through a sale and lease-back model. The Go First episode, however, has triggered a sense of panic among lessors who have been left in the lurch. Aircraft lessors, who have already called India a “risky jurisdiction”, could push up leasing costs sharply in the future – a move that will increase operational costs for Indian carriers, and subsequently, trickle down to customers. The Go First episode could not have come at a worse time as Indian carriers like Air India and IndiGo are looking to aggressively expand their existing fleet to meet rising demand. It is worth mentioning that Indian carriers have been estimated to require more than 2,200 aircraft in the next 20 years if the country’s aviation sector grows at the same pace. Nilaya Varma, Co-founder and CEO, of Primus Partners, told news agency PTI that the perception of India as a high-risk jurisdiction could translate into higher risk premiums to other local airlines. Latest news about the Go-first Airlines crisis and its causes Go-first Airlines, like many other airlines, has been affected by the COVID-19 pandemic. Here are some of the latest news and causes of the crisis: 1. Govеrnmеnt support to airlinеs during thе pandеmic: Govеrnmеnts around thе world havе providеd support mеasurеs to thе air transport sеctor following thе outbrеak of thе COVID-19 pandеmic. Howеvеr, thе support mеasurеs havе bееn influеncеd by country-spеcific paramеtеrs, lеading to imbalancеs in air transport connеctivity at thе intеrnational lеvеl. 2. Pilot shortagе: Thе airlinе industry was alrеady facing a pilot shortagе bеforе thе pandеmic, and thе crisis has еxacеrbatеd thе problеm. Thе strugglе to maintain еnough cockpit crеws has dеvеlopеd into an acutе problеm that many travеlеrs arе еxpеriеncing in thе form of cancеlеd flights. Thе rеgionals havе always bееn an еntry point for thе mainlinе airlinеs’ pilots, providing thеm thе rеquisitе numbеr of hours of flight timе nееdеd bеforе advancing. 3. Changеs in transport behaviour: The pandеmic has affected all forms of transport, from cars to public transport. Thе еxtеnt to which thе COVID-19 crisis will affеct global aviation dеmand in thе longеr tеrm rеmains to bе sееn. Modеlling by thе Intеrnational Civil Aviation Organisation (ICAO) suggests thе short-tеrm (within 12 months) impact will bе a sеvеrе drop in passеngеrs undеr most scеnario. 4. Impact on tourism: Tourism-dеpеndеnt еconomiеs arе among thosе harmеd thе most by thе pandеmic. Thе travеl and tourism sеctor had grown to almost too-big-to-fail proportions for many еconomiеs bеforе thе pandеmic. Tourism-dеpеndеnt countriеs will likely fееl thе nеgativе impacts of thе crisis for much longer than othеr еconomiеs. Contact-intеnsivе sеrvicеs kеy to thе tourism and travеl sеctors arе disproportionatеly affеctеd by thе pandеmic and will continuе to strugglе until pеoplе fееl safе to travеl еn massе again. 5. Ovеr-schеduling and undеr-staffing: Airlinеs wеrе dеspеratе to prеsеrvе cash during thе pandеmic. Whilе thеy couldn’t lay anyonе off until aftеr thе aid ran out, thеy could offеr vеry attractivе еarly rеtirеmеnt and buyout packagеs to еmployееs across thе board. Howеvеr, thе airlinеs’ schеduling pеoplе wеrеn’t talking with thе opеrations staff, lеading to many airlinеs suddеnly finding thеmsеlvеs dramatically ovеr-schеdulеd and just as dramatically undеr-staffеd. 6. Managing thе crisis across lеvеls of govеrnmеnt: The COVID-19 crisis has govеrnmеnts around thе world opеrating in a contеxt of radical uncеrtainty, and facеd with difficult tradе-offs givеn thе hеalth and еconomic impacts. Mеasurеs to contain thе virus’s sprеad have hit SMEs and еntrеprеnеurs particularly hard. Govеrnmеnts facе a difficult tradе-off: managing thе еconomic rеcovеry and mitigating thе impact of a sеcond wavе of thе virus. Extending the Cancellation of scheduled flights till July 6 Cash-strapped Go First announced extending the cancellation of its scheduled flights till July 6. The airline, which is undergoing an insolvency resolution process, stopped flying on May 3 and since then, it has extended the cancellation of flights multiple times, PTI reported. The company has applied for immediate resolution and revival of operations. Sources said DGCA will examine documents submitted by Go First related to the revival plan and will also conduct an audit on operational preparedness before allowing the carrier to restart operations. Conclusion In conclusion, the Go-first Airlinеs crisis has been caused by a combination of factors, including government support mеasurеs, pilot shortagе, changes in transport behaviour, impact on tourism, ovеr-schеduling and undеr-staffing, and managing thе crisis across lеvеls of govеrnmеnt. Thе airlinе industry, likе many othеr industriеs, has bееn sеvеrеly impactеd by thе pandеmic, and it will takе timе and еffort to rеcovеr.

The new benefits in linking of Aadhaar and Pan Card 2023

Theme:  Linking Aadhaar and PAN cards in India is a good sized step closer to transparency, fraud prevention, and streamlined monetary methods, leveraging unique identity numbers to establish and affirm individual identities. It strengthens governance, simplifies profits tax filing, reduces reproduction identities, and improves the targeted delivery of subsidies and benefits. The deadline to link PAN with Aadhaar is June 30, 2023. It was extended from the previous deadline of March 31, 2023, by the Central Board of Direct Taxes (CBDT) via a press release dated March 28, 2023. Benefits of linking Aadhar and PAN Card: Reduction in duplicate and fake identities: Over 1.38 billion Aadhaar numbers have been issued in India, covering a vast majority of the population. Linking Aadhaar and PAN helps in identifying and eliminating duplicate and fake identities, ensuring that each individual has a unique identification number. It enhances the integrity of the identification system and reduces the chances of fraudulent activities. Streamlined income tax filing: According to the Income Tax Department, over 315 million PAN cards were issued in India. Linking Aadhaar and PAN simplifies the income tax submitting system. It enables the automatic pre-filling of personal and financial information whilst filing tax returns, lowering mistakes and saving time for taxpayers. Pre-stuffed details consist of name, date of birth, and different applicable facts from Aadhaar. Elimination of multiple PAN cards: Prior to linking Aadhaar and PAN, people must possess a couple of PAN cards, which facilitated tax evasion and different fraudulent activities. Linking Aadhaar and PAN helps in figuring out instances wherein individuals have more than one PAN card and facilitate the removal of such duplicates. This step strengthens the tax system and ensures that individuals have the handiest PAN card associated with their Aadhaar. Enhanced accuracy in financial transactions: Linking Aadhaar and PAN aids in improving the accuracy of economic transactions. It permits higher tracking and reporting of monetary sports, lowering the chances of discrepancies or irregularities. This is specifically critical for high-amount transactions because it adds a further layer of verification and reduces the scope for illegal monetary transactions. Efficient verification process: Linking Aadhaar and PAN permits quicker and extra efficient verification of individuals throughout diverse transactions. It simplifies tactics inclusive of opening financial institution debts, making use of loans, or making high-value transactions. The linkage reduces the effort and time required for verification, making the method extra seamless and handy for individuals. Targeted delivery of government subsidies: The linkage between Aadhaar and PAN facilitates the government in correctly handing over subsidies, advantages, and social welfare schemes to eligible people. By validating the identification and earnings statistics through Aadhaar and PAN, the authorities can make sure that the benefits reach the intended beneficiaries, reducing leakages and improving the effectiveness of welfare programs. Enhanced financial inclusion: Linking Aadhaar and PAN promotes economic inclusion by permitting people without PAN cards to be part of the formal economic system It lets them get access to banking services, report taxes, and interact in transparent financial transactions. This inclusion is particularly crucial for individuals from marginalized sections of society, empowering them with vital financial tools and opportunities. Enhanced transparency in government transactions: The linkage of Aadhaar and PAN has enabled more transparency in government transactions. It enables the tracking of economic activities related to government schemes, subsidies, and prices. By cross-verifying the Aadhaar and PAN details, the government can ensure that the budget is accomplishing the meant beneficiaries and hit upon any irregularities. Why is it important to link? By linking Aadhaar and PAN, the Income tax department gains access to an audit trail of all transactions, making the Aadhaar card an essential document for all transactions. You will not be able to file an ITR unless your Aadhaar-PAN is linked. Once linked, ITR filing will be simplified because there will be no need to submit receipts or e-signature. The usage of an Aadhaar card has greatly reduced the requirement for other documents. Aadhaar card serves the purpose of identity proof and address proof. Transactions can be tracked after linking, which helps to prevent fraud and curb tax evasion. Conclusion Lastly, the Aadhaar-PAN linkage has contributed to improved governance and anti-corruption measures by means of improving transparency in government transactions and reducing ghost beneficiaries and leakages. Overall, the Aadhaar-PAN linkage has been a crucial step in the direction of constructing a more potent and more efficient monetary and identification machine in India.    

THE NEW VANDE BHARAT EXPRESS 2023

Theme: The Vande Bharat project, previously known as Train 18, is a completely ‘Make-In-India’ initiative. It’s fully electric and runs without a locomotive. The evolution of electric trains in India has been a remarkable journey, marked by significant advancements and milestones. The first Vande Bharat Express was launched on February 2019, connecting Delhi, Allahabad and Kanpur. Then, a Vande Bharat Express was launched on January 2023 in Vishakapatnam, connecting Secunderabad.  In this Article let us explore this lavish train and its salient features. The Vande Bharat Express: The Vande Bharat Express can run up to a maximum speed of 160 mph and has travel classes like Shatabdi Train but with better facilities. It aims to provide a totally new travel experience to passengers. Speed, Safety and Service are the hallmarks of this train. Integral Coach Factory (ICF), Chennai. The Railways Production unit has been the force behind an utterly in-house design and manufacture, computer modelling and working with many suppliers for system integration in just 18 months.   Objectives behind Vande Bharat Express: This train has been introduced to upgrade maintenance technologies and methodologies and achieve improvement in productivity and performance of all Railway assets and manpower in which inter-alia would cover reliability, availability, utilization and efficiency. Currently, the eight Vande Bharat Express Trains are running on the following routes: 1. New Delhi – Shri Vaishno Devi Mata, Katra 2. New Delhi – Varanasi, Uttar Pradesh 3. Gandhinagar Capital – Ahmedabad – Mumbai Central 4. Amb Andaura – New Delhi 5. Mysuru – Puratchi Thalaivar Dr MGR Chennai Central 6. Nagpur, Maharashtra – Bilaspur, Chhattisgarh 7. Howrah – New Jalpaiguri, West Bengal 8. Secunderabad, Telangana – Visakhapatnam, Andhra Pradesh The culmination of the ‘Make in India’ effort of Indian Railways: In maintaining with the Prime Minister’s plan of “Make in India”, the principal systems of the train have been designed and built in India. The train matches worldwide standards in overall performance; gives safety and passenger consolation costs much less than imaginable, and has the capacity to be a changer inside the rail commercial enterprise. Vision for a New India Vande Bharat Express is the next predominant leap for Indian Railways regarding speed and convenience. Prime Minister Narendra Modi announced that during the 75 weeks of the Amrit Mahotsav of Independence, 75 Vande Bharat trains would connect each corner of the country. Enhanced Safety: The Vande Bharat 2.0 trains have the KAVACH (Train Collision Avoidance System) for enhanced safety in operations. There will be improved security with four emergency windows added in every coach. There will be four platform side cameras including rearview cameras outside the coach instead of two earlier. The new coaches have Level-II safety integration certification for better train control. The Vande Bharat 2.0 will also have better fire safety measures with an Aerosol based fire detection and suppression system in all electrical cubicles and toilets. There will be superior floodproofing for under-slung electrical equipment to withstand floods up to 650 mm in height as compared to 400 mm earlier. The train will also have four emergency lighting in every coach in case of electric failure. Improved Amenities for Passengers: There will be enhanced riding comfort for passengers at a 3.5 riding index. The new Vande Bharat will also have 32-inch LCD TVs in place of the earlier 24-inch TVs. There will be a passenger information and communication system in Vande Bharat 2.0. 15 per cent more energy efficient ACs with dust-free clean air cooling of traction motor will make travel more comfortable. Side recliner seat facility which is being provided to Executive Class passengers, will now be made available for all classes. The Executive Coaches have the added feature of 180-degree rotating seats. The train will also have bio-vacuum toilets with touch-free amenities. The trains will also have wifi content on demand. Other Enhancements: The Vande Bharat 2.0 will have finer heat ventilation and air-conditioning control through a higher efficiency compressor, with an Ultra Violet (UV) lamp for a germ-free supply of air. The train’s time to reach 160 KMPH will be 140 seconds, compared to 145 seconds earlier. There will be driver-guard communication with a voice recording facility. There will be a change of formation with a non-driving trailer coach in the middle for better acceleration and deceleration. The train will have better ventilation for traction motors for better reliability. There will also be two signal exchange lights on the coaches for the exchange of signals with the wayside stations. Features and Amenities in Vande Bharat Express: The Vande Bharat Express train has an intelligent braking system which enables better acceleration and deceleration. All coaches are equipped with automatic doors; GPS-based audio-visual passenger information system, on-board hotspot Wi-Fi for entertainment purposes, and very comfortable seating. The executive class also has rotating chairs. All toilets are bio-vacuum type. The lighting is dual mode, viz. diffused for general illumination and personal for every seat. Every coach has a pantry with facilities to serve hot meals, hot and cold beverages. The insulation is meant to keep heat and noise to very low levels for additional passenger comfort.  The Vande Bharat Express has 16 air-conditioned coaches of which two are executive class coaches. The total seating capacity is 1,128 passengers. Conclusion: From this extraordinary railway system, we can understand that the Indian Government has put more effort towards proving the ‘Make in India’ campaign true. Indian Railway system always proves to be the best among all the sectors present in the country.

A Strong Analysis of Tech Layoffs – 2023

Theme: In the ever-evolving international era, tech layoffs can be a harsh fact. Companies are frequently into layoffs because of diverse motives, together with financial constraints, restructuring, or changes in marketplace demands. Understanding the motives in the back of tech layoffs, gaining knowledge of the way to stay constant, exploring powerful upskilling techniques, and familiarizing oneself with different sorts of layoffs can help navigate those difficult times.  Layoff Stats: In 2023, tech layoffs have yet again cost tens of thousands of workers their jobs, the workforce layoffs have been driven by the biggest names in tech like Google, Amazon, Microsoft, Yahoo, Meta and Zoom. Startups, too, have announced cuts across all sectors, from crypto to enterprise SaaS.    The reasoning behind these workforce reductions follows a common script, citing the macroeconomic environment and a need to find discipline on a tumultuous path to profitability. Still, tracking the layoffs helps us to understand the impact on innovation, which companies are facing harsh pressures and who is available to hire for the businesses lucky to be growing right now. It also, unfortunately, serves as a reminder of the human impact of layoffs and how risk profiles may be changing from here.  The running total of layoffs for 2023 based on full months to date is 2,10,721 according to Layoffs.fyi. Tech layoffs conducted to date this year currently exceed the total number of tech layoffs in 2022, according to the data in the tracker. January: 84,714 employees were laid off  February: 36,491 employees were laid off  March: 37,109 employees were laid off April: 17,926 employees were laid off  May: 14,555 employees were laid off  For example:  Taxfix Announced on May 30 that it has laid off 20% of its body of workers—120 employees. Meta Meta announced on May 24 that it’s far laying off approximately 6,000 employees. Overall, about 21,000 employees have lost their jobs at Meta. JioMart Reliance Retail’s online shopping platform laid off over 1,000 employees on May 22 and plans to reduce as many as 9,900 extra roles over the coming weeks. Spotify Spotify introduced on June 5 that it will cut 2% of jobs in its podcast unit, main to a body of workers. This comes only a few months after the agency announced a tremendous wave of layoffs. Amazon Amazon announced on April 26 that it’s shutting down its Halo Health department on July 31, among other divisions. The layoffs are part of the 9,000 personnel introduced in March. Including the 18,000 layoffs introduced in January, this brings the entire to 27,000 process cuts or 8% of Amazon’s corporate team of workers this 12 months. Reasons for Tech Layoffs:  Economic Downturn: During periods of economic uncertainty or recession, corporations may also revel in a decline in the enterprise, main to layoffs to reduce expenses and ensure sustainability. Technological Advancements: Rapid improvements in generation can render sure activity roles or talents out of date, necessitating layoffs as corporations adapt to live competitively. Restructuring and Reorganization: When corporations undergo mergers, acquisitions, or reorganization, redundancies in roles and positions can also stand up, resulting in layoffs. Cost Reduction: Companies may additionally downsize their group of workers to lessen working fees, particularly whilst confronted with price range constraints or declining sales. Shift in Market Demand: Changes in consumer alternatives or marketplace dynamics can prompt corporations to reevaluate their techniques, mainly to layoffs in unique departments or divisions. Layoffs vs Firing:  Tech layoffs contain the termination of multiple employees, regularly due to organizational reasons at the same time as firing is the single termination of an employee based totally on performance or behavioural issues.  Tech layoffs are broader in scope and require a based method while firing specializes in person situations and might bring about on-the-spot termination. Understanding those variations can assist employees and task seekers navigate the employment landscape, being robust to ability challenges, and working hard as a result.  It is crucial to remain adaptable, continuously enhance abilities, and hold professionalism to decrease the threat of both tech layoffs and firing. Consistency in Uncertain Times: Adaptability: In the face of layoffs, it’s far crucial to stay adaptable and open to exchange. Embrace an increased attitude and be inclined to accumulate new competencies and explore exclusive possibilities. Networking: Strengthen your professional network by attending enterprise occasions, becoming a member of online groups, and engaging with friends. Networking can offer treasured connections and the ability to process leads. Continuous Learning: Invest time in expanding your information and skill set. Identify rising traits, do relevant publications or certifications, and live updated with modern-day enterprise traits. Personal Branding: Enhance your online presence via systems like LinkedIn. Showcase your expertise, and percentage industry insights, and establish yourself as an idea leader for your domain. Emotional Resilience: Coping with layoffs can be emotionally hard. Take care of your intellectual health, search for assistance from friends and family, and don’t forget professional help if needed. Upskilling Strategies: Identify In-Demand Skills: Research the abilities which are in excessive demand inside your industry. Analyze task postings, interact with professionals, and perceive regions where upskilling can beautify your employability. Online Courses and Certifications: Explore reliable online studying systems that offer publications and certifications relevant to your preferred competencies. Platforms like Coursera, Udemy, and LinkedIn Learning offer to get entry to a huge range of courses. Professional Development Programs: Attend workshops, conferences, and seminars to live updated with enterprise tendencies and expand your network. Many groups provide education packages to assist experts upskill. Mentorship and Coaching: Seek guidance from skilled specialists for your area via mentorship packages or education periods. They can offer treasured insights and recommendations for professional progression. Collaborative Projects and Side Hustles: Engage in collaborative initiatives or begin a facet hustle to use and showcase your newly acquired skills. These reports can upload cost to your resume and demonstrate your proactive method. Types of Layoffs: Mass Layoffs: Large-scale terminations concerning a big range of personnel due to economic crises, organisation-wide restructuring, or plant closures. Department-Specific Layoffs: Layoffs targeted

The strong India-US relation 2023

Theme: India-US Relation is going to transform India. India and the US have agreed to provoke negotiations on a ‘Security of Supply’ (SoS) arrangement and a ‘Reciprocal Defence Procurement’ (RDP) settlement, aimed toward lengthy-time period stability of delivery and for protection and defence cooperation elevated between the two countries. In this weblog, we will look at India-US Relations regarding the agreements of SoS and RDP contracts.  SoS Agreement and RDP Agreement: SoS agreements are bilateral or multilateral agreements between nations aimed toward ensuring the provision and balance of vital sources, specifically inside the field of protection and safety The RDP settlement is a bilateral arms procurement settlement between international locations. It is designed to facilitate the move-procurement of protection gadgets and promote cooperation in research and improvement of shielding equipment. The news on India-US Relations:  President Joseph R. Biden, Jr. And Prime Minister Narendra Modi today affirmed a vision of the United States and India as many of the closest partners in the world – a partnership of democracies looking into the 21st century with wish, ambition, and self-belief.   The India-US Comprehensive Global and Strategic Partnership are anchored in a brand new degree of trust and mutual knowledge and enriched by way of the warm bonds of family and friendship that inextricably link our international locations collectively.  President Biden and Prime Minister Modi set a route to attain new frontiers across all sectors of area cooperation.   The leaders applauded the growing cooperation on earth and area technology, and space technologies. They welcomed the selection of NASA and ISRO to develop a strategic framework for human spaceflight cooperation by the stop of 2023. President Biden and Prime Minister Modi devoted their administrations to promoting rules and adapting policies that facilitate more generation-sharing, co-improvement, and co-production possibilities between the US and Indian enterprise, government, and academic institutions.  They welcomed the establishment of a joint Indo-US Quantum Coordination Mechanism to facilitate collaboration amongst industry, academia, and government, and our paintings in the direction of a comprehensive Quantum Information Science and Technology agreement.   The United States welcomes India’s participation within the Quantum Entanglement Exchange and in the Quantum Economic Development Consortium to facilitate professional and business exchanges with main, like-minded quantum nations. What are the Key Highlights of the Agreement? Assembling Electric Jets in India: Both facets mentioned the deal for assembling General Electric GE-414 jets in India, which is yet to be finalized. Defence Industrial Cooperation: The roadmap for ‘Defence Industrial Cooperation’ has been concluded among India and the USA, guiding their policy direction for the following couple of years. Both international locations will perceive possibilities for the co-development of new technology and the co-manufacturing of existing and new structures, selling collaboration among defence begin-up ecosystems. Capacity Building and Infrastructure Development through India-US Relation: Capacity building, consisting of Maritime Domain Awareness (MDA) and strategic infrastructure development. Increase sourcing by means of US agencies from India, particularly Boeing underneath the mega-civil plane deal with Air India. The established order of Maintenance, Repair and Overhaul (MRO) centres by means of US corporations in India to cater to the equipment used by the Indian militia and the area.          4. India-US Defence Acceleration Ecosystem: The India-US Business Council will release the INDUS-X initiative to increase modern-day technology cooperation among US and Indian organizations, traders, start-up accelerators, and academic studies institutions. How were India-US relations? – The history The India-US strategic partnership is founded on shared values inclusive of dedication to democracy and upholding the regulations-based global system. Both have shared interests in selling global safety, balance, and monetary prosperity via alternate, investment, and connectivity. Economic Relations- India-US The US has emerged as India’s biggest trading companion in 2022-23 because of increasing monetary ties between the two international locations. The bilateral exchange between India and America has extended from USD 7.65 billion to USD 128.55 billion in 2022-23 as against USD 119.5 billion in 2021-22. Exports to the US rose by way of 2.81 billion to USD 78.31 billion in 2022-23 as against USD seventy 6.18 billion in 2021-22, at the same time as imports grew by using approximately 16% to USD 50.24 billion. International Cooperations: India and America cooperate closely with multilateral agencies, consisting of the United Nations, G-20, Association of Southeast Asian Nations (ASEAN) Regional Forum, International Monetary Fund, World Bank, and World Trade Organization. The United States welcomed India becoming a member of the UN Security Council in 2021 for a 24 months term and helps a reformed UN Security Council that consists of India as a permanent member. Together with Australia and Japan, the US and India convene because the Quad is to sell a loose and open Indo-Pacific and provide tangible advantages to the area. India is likewise certainly one of twelve international locations partnering with the USA on the Indo-Pacific Economic Framework for Prosperity (IPEF). India is a member of the Indian Ocean Rim Association (IORA), at which the United States is a speak associate. In 2022, America joined the International Solar Alliance based in India.  Conclusion: The partnership between the two countries is important for ensuring an unfastened, open, and regulations-sure Indo-Pacific area. The unheard-of Demographic Dividend offers good-sized opportunities for the United States and Indian companies for generation switch, production, alternate and funding. India is rising as a leading participant in an international system this is undergoing an unprecedented transformation.  It shall use its present situation to explore opportunities to similarly its crucial pursuits.