Tuesday, June 20, 2023
Saturday, June 17, 2023
https://rajeevsrinivasan.substack.com/p/ep-105-mr-modi-goes-to-washington?sd=pf
not clear if anything substantive will come out of modi's visit to washington. the US is in no mood to allow india to pursue its own interests.
Friday, June 16, 2023
Quick notes: Brain-drain | Big fat churches...
- Brain-drain: A third of India's most sought after engineering graduates leave the country. Nine out of 10 top scorers in the annual joint entrance examination held nationally for admission to the IITs and other reputed engineering colleges have migrated. Up to 36% of the top 1,000 scorers, too, have taken this path.
- India to lose 6,500 millionaires in 2023: Dubai and Singapore remain preferred destinations for wealthy Indian families..‘Millionaires’ or ‘high-networth individuals’ (HNWIs) refer to those with investable wealth of $1 million or more.
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Germany's BIG FAT Churches: The two main churches have total assets worth about €300 billion with combined annual turnover of €150 billion. State payments are only a small part of church income in Germany, with taxes to the tune of €13 billion annually making up the bulk of it.
In addition, there's a sizable amount of income from church assets about which the clergy keeps mum. The two churches are said to be the biggest landlords in Germany, owning forests, farmland and other real estate, as well as holding stakes in businesses such as publishing houses, breweries, banks and insurance companies. -
Biggest losers of AI boom are knowledge workers: The transformation will pile pressure on higher-wage knowledge workers whose activities “were previously considered to be relatively immune from automation,” according to McKinsey study.
A few years ago, McKinsey had estimated that about half of worker hours worldwide were spent on tasks that could be automated. Now it’s raising the figure to as high as 60-70 per cent. Employees could find that their time is reallocated — or that their jobs disappear. - EU Hits Google with Antitrust Charges: Google faces EU break-up order over anti-competitive adtech practices. Google may have to sell part of its adtech business.
- Intel set to gain $11 Billion subsidy for German chip plant . . . Chinese companies are frantically pre-ordering GPUs before US sanctions fully kick in. ByteDance has gobbled up $1 Billion of Nvidia GPUs for AI this year.
- Nisargadatta: The world is your reflection, begin in yourself.
- India should learn from China: Never rely on foreign controlled media - traditional or social.
- Defending loot:
- Organ donors: India has one of the world's lowest rates of organ donation. The current health system limits the health benefits of donated organs and allows private hospitals to profit without contributing much to the system.
Twitter Files exposé proved Jack Dorsey to be a criminal running a criminal enterprise that included regime change adventures and banning and trampling on freedom of speech of opponents. In a just world he and his ragtag gang of leftists would have been behind bars.
— Anand Ranganathan (@ARanganathan72) June 13, 2023
My views: pic.twitter.com/oJaqMObI4E
Monday, June 12, 2023
how India can win in generative AI
on #generativeAI and India's great opportunity to win. rajeevsrinivasan.substack.com/p/ep-104-if-in audio #podcast and video of the piece by me and @gammemitter. can India leapfrog the competition or will it be left behind, with its knowledge base ignored? the time to act is now!
Saturday, June 10, 2023
Thursday, June 08, 2023
Quick notes: Semi setback | EV juggernaut...
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Semi setback: Vedanta-Foxconn setback shows cracks in Modi's $24 bn manufacturing push... A $3 billion proposal that had Israeli foundry Tower Semiconductor Ltd. as a tech partner has also stalled, while a third plan is stuck because Singapore-based IGSS Ventures Pte wants to re-apply
Stalled: Tower ISMC's India chip plan stalls after Tower-Intel deal. . . "No country ever succeeded in launching a viable semiconductor industry without doing some research on its own". . . . . . not history research and debates.
U.S. Semiconductor Fab Boom Kicks Off: Thanks to the CHIPS Act and electric vehicles. -
China’s EV Juggernaut Is a Warning for the West: China rocked the auto world twice this year. First, its electric vehicles stunned Western rivals at the Shanghai auto show with their quality, features and price. Then came reports that in the first quarter of 2023 it dethroned Japan as the world’s largest auto exporter.
Ford CEO On EVs: "We see the Chinese as the main competitor, not GM or Toyota"
Giga-factory in Gujarat: Tata Motors looking to increase localization of EVs to 85% . . . . . . . . Salt might soon end up powering EV's - Vital lessons for India: The real reason Egypt is moving its capital - Thwart anarchists . . . . . . . . Remember Shaheen Bagh? . . . .Watch from 7:30
- Blow to East India Company: BBC ‘accepts’ it paid lower taxes in India
- No to Huawei and ZTE: India has no plans of providing trusted source certificates to Chinese telecom equipment manufacturers
- Distrust: Backlash against weaponized dollar is growing across the world.
- "Vulgarity and violence": Utah primary schools ban Bible for 'vulgarity and violence'
- Jaali buildings are gaining popularity globally: Jaali’s cooling feature relies on the Venturi effect in a similar way to an air conditioning unit. "When air passes through holes, it picks up velocity and penetrates afar. Due to the small apertures, air gets compressed and when released it gets cooler".
Thursday, June 01, 2023
let's give due credit, not only due blame, to the finance mandarins
let's not blame the finance babus too much; they have done a stellar job to get to an 7.2% GDP growth in FY2022-23. then they go screw up on #TCS and #2000rupee withdrawal and #angeltax. sigh!
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