Posts

Cryptocurrency and NFTs

-
Can you imagine or even thought that a single tweet comprising of few words can be sold for millions of dollars? I am sure that you might be thinking that what rubbish I am asking, how a single tweet can be sold for millions or leave about millions how a tweet can be sold? Well, this was my exact reaction and the exact question which came to my mind when I first read about this. In fact, let me add further to this list of weird arts which are being sold and purchased for millions. This list includes a small clip by a famous musician Grimes, Artist Beeple’s work Crossroad, which features a former US President lying face down in a field, Clips of match highlights by the National Basketball Association, and more. Now, what these weird arts are called, or in which category do these fall? You might have heard about cryptocurrency and if not then cryptocurrency is nothing but a type of digital currency. So just like we have physical currencies like coins and rupees, cryptocurrency is a digit...
Post a Comment
Read more

Double Irish with a Dutch Sandwich

-
Image
Well after reading the title, you may wonder if this is something related to food or especially sandwiches. But first, let me make one thing clear to you that this is not what you are thinking of. In fact, this concept is really interesting, and yeah a bit confusing too.  So, be ready to explore and know more about this concept. You must have seen that big firms and large multinational companies generate millions of dollars in the form of their revenues and since they are earning such a huge amount of money then obviously they have to deposit a huge sum of money in the form of taxes in the government treasury. So as a result what they try to do is that they try to find an alternative so that they can avoid the payment of taxes and obviously they have to go with an alternative which is legal as if the alternative came out to be an illegal one they obviously this can tarnish the image of the company and they will have to pay a huge sum of money as penalty also. Now, this is what we c...
2 comments
Read more

Coronavirus and Black Swan Events

-
Nassim Nicholas Taleb quoted " The central idea in the black swan is that: rare events can't be estimated from empirical observation since they are rare " Well, you can get a general idea about black swan events by reading the above quote. But if you want to explore more about black swan events then you have to first be familiar with Nassim Nicholas Taleb. Nassim Nicholas Taleb, a Lebanese author, an ex-banker who spent most of his financial career trading derivatives. He was the man behind the theory of swan events. Since he worked in the financial services, this led him to write a book titled "The Black Swan", in which he argues that most areas of human activities are influenced by rare, unpredictable events that have a big impact. Black swan events are those events that are extremely rare and which is beyond what is normally expected of an event. These events are known for their extreme rarity, severe impacts which it creates, and with hindsight, they can onl...
2 comments
Read more

Chinese app ban is an opportunity for Indian startups.

-
The government banned  59 Chinese  mobile applications, including top social media platforms such as TikTok, WeChat, and Helo, to counter the threat posed by these applications to the country's sovereignty and security. Now with the ban of Chinese apps, Indian people are looking for its substitutes, made in India, which can replace these apps. The movement have been started in this direction with the introduction of Indian apps like roposo, chingari, which are perfect substitutes for the Chinese app named TikTok. Mobile applications generate a large amount of revenue for their app publishers weather it is Paytm, Whatsapp, Instagram, etc, and these are the ones that make a phone smart and hence called the smartphone. Most of the apps are made by foreign countries especially China. India accounts for about 30% of total downloads of the Chinese app, TikTok. We, people, are helping China to generate a huge amount of revenue from TikTok. Indian companies have so far failed to ...
2 comments
Read more

IS LOCKDOWN THE ONLY WAY TO PREVENT THE SPREAD OF CORONAVIRUS IN INDIA? AND IS IT TRUE THAT THE "GOVERNMENT IS IN TRAGIC LOCKDOWN DILEMMA THAT IT HAS TO PICK BETWEEN THE LIVES"

-
COVID-19, a terrible and devastating pandemic which had already claimed 1,53,822 (approx) lives all over the world. India is also facing the same problem with very high tolls on deaths in certain states i,e on a single day the total number of confirmed cases in Maharashtra was 342. This alone is sufficient to get an idea that how much attention and alertness it demands. India is a developing middle-class nation and IMF said that it will have a GDP growth in the financial year 2020-21 to be ranging from 1.9% to 2.8% only. And also some pessimists have claimed that it will not show any growth at all, which means the growth will be 0%. Now directing towards the condition of India in the healthcare and medical sector. India is positioned at 109 out of 141 countries in the ranking list. Here is not the end just to inform you that Italy is at rank 2 in the health sector and it had claimed 22,745 deaths. So the entire picture is clear. Just imagine how many deaths will it claim in India if no...
Post a Comment
Read more