SOCIAL CONTRIBUTION
Will less (people) bring more (peace)?
The UN Department of Economic and Social Affairs predicts that global population will peak around 10.3 billion by the end of this century. This demographic shift will lead to profound economic and societal changes. With fewer people and longer lifespans due to improved health and automation, economies are expected to become richer as productivity increases despite a shrinking workforce.
Karnataka’s proposed law for gig workers to impact business: IAMAI
IAMAI warns Karnataka Gig Workers Bill, 2024 impacts business ease. They urge 30-60 days consultation. Overlaps with central codes raise costs. Issues: health insurance, retirement funds, service costs, demand dips, termination notice, data sharing, dispute resolutions. Minister Santosh Lad included offline businesses, director liability in non-compliance scenarios.
Budget 2024 Expectations: Atal Pension may double minimum payout to Rs 10k
Budget 2024 Expectations: The government is considering doubling the minimum guaranteed amount under the Atal Pension Yojana to Rs 10,000 in the upcoming budget, according to sources. This decision, which is expected by July 23, is being evaluated for its fiscal impact while aiming to strengthen the social security framework as the government prepares to implement the labor code on social security.
Who was Brandon Miller? How was real estate mogul related to Candice Miller of Mama + Tata? Details here
Real estate mogul Brandon Miller, husband of social media influencer Candice Miller of Mama + Tata, recently passed away at 43. He played a key role at REEC, contributing to over 20 million square feet of real estate development.
Equity market investors: A new powerful political constituency
India's financial shift includes 13.6 crore investors, about 10% affluent, driven by SEBI and smartphones. Participation extends beyond Maharashtra and Gujarat to states like Uttar Pradesh and Madhya Pradesh. Individual investor opinions shape economic policies. Retail investors hold an 18.5% listed share, contributing ₹25,000 crore via Securities Transaction Tax, despite risky leveraged positions.
Centre sacrificed large amount of GST revenue to compensate states: Former CEA Subramanian
Former Chief Economic Advisor Arvind Subramanian revealed that the Centre has been sacrificing a substantial portion of GST revenue, amounting to 1 per cent of GDP annually, to uphold a 14 per cent compensation guarantee for states since the introduction of the tax regime. Subramanian emphasised the importance of maintaining the current structure of GST, stating that bringing petrol and alcohol under GST would not be advisable.
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BNSS launches community service initiative for petty theft and nuisance offenses
India's new Bharatiya Nyaya Sanhita (BNS) has replaced the IPC, introducing community service as a penalty for minor crimes like theft under Rs 5,000. This marks a shift towards rehabilitative justice, offering offenders alternatives to fines or jail time. Despite its positive intent, the implementation faces challenges due to unclear monitoring guidelines. Experts emphasize the need for structured frameworks and specific tasks to ensure uniform application and effective community contribution, highlighting the reform's potential in blending justice with social welfare.
ETMarkets Smart Talk: There might be a renewed focus on social expenditure in final Budget 2024: Arun Kumar Poddar
While we strive to reduce our reliance on FIIs, our Systematic Investment Plan (SIP) contributions are reaching record highs, reflecting growing confidence in the Indian markets.
AI is learning from what you said on Reddit, Stack Overflow or Facebook. Are you ok with that?
Some longtime users have attempted to erase their previous contributions or transform them into nonsense, but their efforts have not yielded significant results. A few governments, such as Brazil's privacy regulator on Tuesday, have also attempted to intervene. Meta has also encountered resistance in Europe, where it recently put on hold its plans to start feeding people's public posts into training AI systems
Feeling anxious? You might become more prone to Parkinson's Disease
A recent study in the British Journal of General Practice suggests that adults over 50 experiencing anxiety may have double the risk of developing Parkinson's disease compared to those without anxiety. Parkinson's is increasingly prevalent globally, expected to affect 14.2 million people by 2040 due to longer lifespans. The study highlights anxiety as a significant risk factor for Parkinson's, alongside other factors like depression, sleep issues, cognitive impairment, and physical symptoms like tremors and rigidity.
Karnataka extends social security to unorganized transportation workers in a first in India
The State Government has introduced new social security and welfare rules for motor transport and allied workers, aiming to benefit around 5.4 million workers across various sectors of transportation. The rules encompass all workers involved in the sector, including those in ancillary roles like tire repair and wheel balancing. Transport Minister Ramalinga Reddy expressed confidence that the regulations, a first in the country, will provide security to workers currently outside statutory benefits.
Search party: Google's dominance in internet search wanes amid rising app queries and AI threats
The search landscape is evolving rapidly, with Google facing challenges from specialized platforms and AI-driven search experiences. Users now turn to diverse platforms like Amazon and social media for different search needs, impacting Google's heft. The future of search seems to be personalized and AI-driven, reshaping how we navigate the digital world.
Budget will announce historic steps, present a ‘futuristic vision,’ says President Murmu
President Murmu said that today India alone contributes to 15% of the global growth and reiterated her government’s commitment to make India the third largest economy in the world. She sought the support of the Opposition to meet this goal, invoking the Vedas and said all sides should work together “with a common idea and goal”.
India's bubbling water crisis can spark social unrest, exacerbate volatility in economy's growth: Moody's
Reduced water availability has the potential to interrupt both agricultural and industrial activities, leading to increased food prices and income reductions for impacted businesses and workers, particularly farmers. This situation may lead to social unrest, further destabilizing India's economic growth and its resilience to unforeseen challenges, considering that over 40% of the nation's workforce is engaged in agriculture.
Crime in North India: How women are becoming instrumental for gangs like Lawrence Bishnoi
Gang leaders in North India are increasingly using social media to recruit women interested in crime, playing multifaceted roles from honey-trapping targets to executing reconnaissance and participating in lethal operations. This trend is credited to Lawrence Bishnoi and his faction, who used social media to enlist females for their criminal enterprises.
Formal job creation under ESIC down by 7.8% in April to 1.64 million as compared to 1.78 million in April 2023
The provisional payroll data, released by the ministry of labour and employment shows that out of the total 1.64 million employees added during the month, 0.78 million employees or 47.6% of the total employees added to ESIC were up to 25 years of age, suggesting more jobs have been generated for the youth of the nation.
Facebook, Instagram, Twitter to have cigarette box-like warning labels soon? Here's what US surgeon general Vivek Murthy says
Dr. Vivek Murthy said that social media is a contributing factor in the mental health crisis among young people. Will Facebook, Instagram, Twitter act?
'Fixer' abuse from the crowd: Pakistan's Mohammad Amir is in the news again
Mohammad Amir's career faced a setback due to his involvement in the spot-fixing scandal in England in 2010. The scandal led to ICC strengthening its policies against such incidents.
The rise of retail trading: How individual investors are shaping the market landscape
The retail trading landscape in India is evolving with the rise of individual investors empowered by technology and access to information. The number of demat accounts surpassed 100 million in 2024, with a significant portion attributed to individual investors.
Tharoor responds to Chandrasekhar's initial social media post about ending public life
In the recent Lok Sabha elections, Congress leader Shashi Tharoor faced tough competition from BJP's Rajeev Chandrasekhar, who announced stepping down from public life after 18 years but clarified it was meant as the end of his tenure as an MP and Minister of State. Tharoor responded by expressing confidence in Chandrasekhar's continued contributions to the country and encouraged him to explore other paths in public service.
A 1°C rise in global temperature causes a 12% decline in world GDP: Adrien Bilal
Adrien Bilal discusses the macroeconomic impacts of global temperature rises in the Anthropocene with Srijana Mitra Das at Harvard University.
Money you paid for Gaza may be heading to Ghaziabad instead
Online scamsters are using the viral ‘All Eyes on Rafah’ campaign as an opportunity to dupe people who want to lend a helping hand or donate to victims of the war in Gaza. The most common scams related to Gaza include fake websites, fake cryptocurrency links, phishing emails, fake video links, and social media scams.
MHA grants SRK's NGO, Meer Foundation, FCRA licence
Shah Rukh Khan's NGO, Meer Foundation, granted FCRA licence by MHA for 5 years to support acid attack survivors.
This engineer switched her gender to male on social media: What happened next reveals the dark truth of online advertising
Engineer Karen de Sousa Pesse conducted an eye-opening experiment by changing her gender from female to male on social media platforms. This simple alteration led to a significant shift in the advertisements she received, highlighting prevalent gender stereotypes. Her LinkedIn post sparked discussions on the impact of such biases in marketing and received varied responses from users. Pesse's experiment sheds light on the need for more inclusive advertising practices.
Leadership with Heart: The awakening of the soul in business
Not only do empathetic leaders lead by example in pressure cooker situations, they also have a knack for using emotional intelligence.
Bharatendu Kabi rides out of Hero MotoCorp after 20-year stint
Bharatendu Kabi, former Communication and CSR Head at Hero MotoCorp, is leaving the company after nearly two decades of service. Hero MotoCorp CEO Niranjan Gupta praised Kabi's strategic guidance, engagements with sports associations, and Corporate Social Responsibility initiatives. Kabi will leave on July 31st, after serving his notice period.
Elon Musk ramps up anti-Biden posts on X
Elon Musk criticizes President Joe Biden on social platform X, expressing his disapproval of Biden's policies and leadership. Musk's frequent posts about Biden signal his influence on X's political discourse.
Do international employees still have to make EPF contributions after Karnataka High Court ruling?
Karnataka High Court's April 25, 2024 ruling deemed special provisions for International Workers under EPF Scheme unconstitutional, affecting EPF contributions, retirement age eligibility, and equality before law for these workers.
Social network that needs connecting
India is planning a revamp of its urban transport sector to improve accessibility to work, healthcare, and education. The plan includes integrating metro and bus networks, promoting greening of intracity goods transport through small trucks, and aligning bus and metro routes. The lack of a holistic approach, with nearly half a dozen central ministries working in isolation, has led to discussions on an omnibus transport ministry.
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