Share to Twitter Share to Linkedin As the terrifying words and shocking photos showing fierce fires destroying thousands of acres of land flooded social media, it was hard to not feel helpless. The over 50 mph winds assisted the fire in covering so much ground in such a short time that people who thought they were out of harm’s way would quickly realize within the same hour that they needed to evacuate as soon as possible. The direction of the wind changed constantly making it impossible for anyone within Napa Valley and Sonoma County to know if they were truly safe, as fleeing one’s home had many downsides since temporarily living in a crowded community center seemed to be a torturous alternative, or much worse, one could accidentally drive into the heart of one of the fast and furious fires, trapped with no way out. Many living outside of northern California stayed glued to the internet to see if friends or colleagues in the wine industry were doing okay. … [Read more...] about Woman From India Leads As Winemaker At Beloved Napa Winery To Build A Better Tomorrow After Tragedy
Possible 5g bands in india
Leaving no one behind in digitization
Kim Jong-jin The author is assistant director-general and regional representative of the Food and Agriculture Organization (FAO) of the United Nations. It wasn’t so long ago that internet connectivity faded the moment one left a populated area like a city or big town. “No service” was the take-away message back then. But thanks to 3G, 4G and now 5G mobile technology — and coupled with the widespread installation of cellular towers in rural areas across the country — the frustrating message shows up much less frequently. Most importantly, the rapid spread of internet connectivity and mobile telephony has resulted in countless opportunities to help address chronic problems such as poverty, malnutrition and inequality after the service reached into the most remote rural communities. From farmers to fishers to herders, digital technologies are increasingly relied upon to help transform and enhance livelihoods for hundreds of millions of people each day. From farmers with their … [Read more...] about Leaving no one behind in digitization
School-based startups defying larger edtech trends; opportunity to double down on growth: LEAD co-founder Sumeet Mehta
Sumeet Mehta and Smita Deorah, founders of LEAD School With students making their way back to physical classes, school edtech is witnessing a major boom and opening up opportunities to double down on growth and innovation plans, according to Sumeet Mehta, Chief Executive Officer (CEO) and co-founder of LEAD School. “When consumer ed-tech zigs, school ed-tech zags,” said Mehta in a recent episode of Bits to Billions. According to Mehta, trends in consumer ed-tech are not relevant in school ed-tech. He said, “Our trajectory is inverse to what is happening in consumer ed-tech. On the contrary, I think it's a great opportunity for companies like ours to really double down on helping students overcome the last two years of the learning gap.” School Ed-tech defying larger Ed-tech trends Mehta’s comments follow a series of layoffs, shutdowns, and restructuring in the consumer edtech sector with companies such as Unacademy, Vedantu and so on, letting go of employees in … [Read more...] about School-based startups defying larger edtech trends; opportunity to double down on growth: LEAD co-founder Sumeet Mehta
Songbirds Perceive Color In Categories Like People Do
Share to Twitter Share to Linkedin Birds perceive colors in categories just like humans do: a recent study shows that zebra finches perceive red or orange, even when reality is a shade somewhere in between A female zebra finch (Taeniopygia guttata) with colored discs that she had been trained to flip ... [+] over. The birds were rewarded with a food treat hidden underneath if they flipped over a bicolored paper disc, whereas a solid-colored disc revealed nothing. (Credit: Ryan Huang / Terra Communications, LLC) Ryan Huang / Terracommunications, LLC When you look at a rainbow, do you see bands of specific colors, or do you see a continuum of colors? Most people see distinct bands of colors, despite the fact that the rainbow itself is a continuum across the entire visible spectrum of color. Why do we see what isn’t there? Considering the amount of information reaching our sensory organs every second, it could easily become overwhelming if we … [Read more...] about Songbirds Perceive Color In Categories Like People Do
Banking Central| Where will the repo rate settle ultimately?
Reserve Bank of India The central bank is fighting twin battles at this point. It needs to control inflation that is way above its mid-term target of 4 percent and has been consistently above the upper band of 6 percent. On the other hand, the nascent recovery seen on the economic growth, needs to be supported. The central bank-led monetary policy committee (MPC) clearly misjudged the inflation trajectory for a prolonged period in its bid to support growth recovery. The stance remained accommodative for a long time which led to differences even within the panel. In May, the rate-setting panel then embarked on a catch-up game by initiating sharp rate hikes in two rounds, totaling 90 basis points (bps). One basis point is one hundredth of a percentage point. The MPC has signalled to take the rate back to pre-pandemic levels. The repo rate, which is currently at 4.9 percent, can go up by at least 100 basis points, according to economists considering the inflation … [Read more...] about Banking Central| Where will the repo rate settle ultimately?
States’ borrowing cost set to rise on higher debt supply, RBI’s rate cues, experts say
Borrowing costs of Indian states are likely to rise in the coming weeks as the Reserve Bank of India ’s (RBI) rate hike cycle becomes more entrenched and the supply of state papers rises, money market experts and bankers told Moneycontrol on June 27. A majority of those expect the yield on the 10-year state development loan (SDL) to rise above 8 percent in the coming weeks. “In the first quarter of this fiscal year, supply of debt was limited. But in the second half of this fiscal year, we expect state debt supply to rise and that should put upward pressure on (state) bond yields,” said Ritesh Bhusari, deputy general manager, treasury, at South Indian Bank. To put in perspective, the cut-off yield for 10-year SDL ranged from 7.83 percent to 7.86 percent at an auction on June 21, according to data from the RBI. Prior to that, at an auction on June 14, Tamil Nadu’s 10-year paper was sold at a cut-off yield of 7.94 percent, while Haryana’s 10-year bond was sold at 7.95 percent. … [Read more...] about States’ borrowing cost set to rise on higher debt supply, RBI’s rate cues, experts say
Why Finland Is So Happy (and the U.S. Is So Depressed)
For the past two years, the United Nations has ranked Finland as the world's happiest country. The U.S. has never scored in the top 10 since the index was launched in 2011, and in 2019 it plummeted to 19th. While Finland seems perennially chirpy, the U.S. is seeing growing rates of depression, drug addiction, and suicide . Here are six reasons that residents of Finland (7.1 percent of whom are immigrants, BTW) are so happy when compared with their American counterparts: 1. Finns pay higher taxes but see more results. According to the conservative think tank the Brookings Institute, Finland collects 44 percent of its gross domestic product (GDP) in taxes versus the 26 percent of GDP that the U.S. collected in 2015. (For comparison, Denmark collects 46 percent and Mexico 17 percent.) So taxes are relatively high in Finland, which you'd think would tend to reduce overall happiness. However, higher taxes don't seem to bother the Finns, for two reasons: … [Read more...] about Why Finland Is So Happy (and the U.S. Is So Depressed)
Daily Voice | Chances of a bear market higher than that of an economic recession: Vivek Sharma of Estee Advisors
Vivek Sharma of Gulaq Inflation has definitely not peaked out. We might remain in a high inflation regime for much longer, feels Vivek Sharma, Director (Strategy) and Head of Investments at Gulaq, a part of Estee Advisors. Sharma said the point of concern is the possibility of a hard landing of US economy because of the rising interest rates. Higher rates in-turn lead to FIIs pulling out money invested in India at increasing pace. This will have higher impact on stock markets than on economy. So the chances of a bear market are higher than that of a recession, said in an interview to Moneycontrol. Edited excerpts: Do you foresee a recession going ahead given the elevated oil prices? Elevated oil prices is definitely a cause of concern for Indian economy. Oil comprises about 20 percent of our import bill, so this directly impacts our current account deficit and puts pressure on rupee. Close But the bigger concern is the possibility of a hard landing of US … [Read more...] about Daily Voice | Chances of a bear market higher than that of an economic recession: Vivek Sharma of Estee Advisors
Daily Voice | More correction likely as these four risk factors not priced in yet, says Dhananjay Sinha of JM Financial
"It will be early to assume that the full impact of headwinds (that confront the global and Indian economy currently) are priced in," says Dhananjay Sinha, Managing Director and Head Strategist and Economist - Equity Research at JM Financial Institutional Securities. Gauging the markets using this monitor, JM Financial sees that 30-35 percent of the characteristics of past capitulation are visible as of now, leaving further scope for adjustments. Hence they expect commodity prices to correct further and crude would be the last to collapse, giving rise to a scenario of market capitulation. Thus, the markets may still be afar from a deep value situation, Sinha shares in an interview with Moneycontrol . Excerpts from the interview: Do you think the market fully priced in all these risk factors? Do you see any other risk that the market hasn't factored in yet? While it is true that the market now knows the various risks that confront the global and Indian economy, it will … [Read more...] about Daily Voice | More correction likely as these four risk factors not priced in yet, says Dhananjay Sinha of JM Financial
GST at 5: Accountants still confront major issues in filing returns
Representative image In July 2017, India ushered in the Goods and Services Tax (GST) for levy and collection of taxes on inter-state supply of goods and services. Almost five years on, accountants complain of multiple glitches in the system hailed as the single biggest tax reform in post-independence India when it was introduced. For instance, the GST Act has failed to provide a system to address Centre-state and inter-state disputes, they said. Article 279A (11) of the Constitution enables the GST Council to institute a mechanism to resolve inter-state disputes, but no such system has been seriously contemplated so far. Also Read: GST at 5: A structural, economic analysis and prescriptions Close Today, the law only says that if GST has been wrongly paid to the Centre, there will be no interest liability and if tax has been wrongly paid to a state, it will be refunded. Moreover, there is a constant doubt still over the applicable rate of GST that makes … [Read more...] about GST at 5: Accountants still confront major issues in filing returns