Did you know


1Did you know…


… that today is Martin Van Buren’s Birthday? Martin Van Buren, the eighth President of the United States, was born on December 5, 1782, in Kinderhook, New York. Trivia fans: Van Buren was the first president who was born a native citizen of the United States!

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Today’s Inspirational Quote:

“We begin from the recognition that all beings cherish happiness and do not want suffering. It then becomes both morally wrong and pragmatically unwise to pursue only one’s own happiness oblivious to the feelings and aspirations of all others who surround us as members of the same human family. The wiser course is to think of others when pursuing our own happiness.”

— Dalai Lama

Wisdom


Don’t trust those who speak without showing their intentions.

Never trust anything that can think for itself if you can’t see where it keeps its brain. (J. K. Rowling)

Succeeding starts with believing you can.
Believe you can and you’re halfway there. (Theodore Roosevelt)

Stakeholders across the agriculture spectrum including policy makers and farmers groups in Maharashtra will converge on December 5 – India Education Diary


via Stakeholders across the agriculture spectrum including policy makers and farmers groups in Maharashtra will converge on December 5 – India Education Diary

Youstory the Startpreneurs fav newsletter


Mark Twain once said, “When ill luck begins, it does not come in sprinkles, but in showers.”

Well, for this restaurant in Colorado, bad luck is surely coming in showers. In the last ten months, The Hornet restaurant of Denver has been hit by a car thrice! Its bout of bad luck began in February when an out-of-control car had broken into it.

While the restaurant claims it is well on the way to recovery and is assuring its customers that it’s safe, it’s sure not the luckiest place for a Sunday brunch!

Here’s wishing Hornet a smoother and safer entry into the new year.

 


Stories you shouldn’t miss

California-based marketing cloud platform MoEngage has raised $9 million during Series B round led by Matrix Partners, VenturEast and existing investors Exfinity Ventures and Helion Venture Partners. The company that has built enterprise solution for brands to deliver personalised engagement at any touchpoint will be using the funds for global expansion and to strengthen data science capabilities.

Water contamination is a serious issue plaguing under-served rural areas, but thanks to former marine engineer Anjan Mukherjee and his innovation, this problem is being tackled, one step at a time. An IIT Bombay dropout and IIM Bangalore alumnus, Anjan has come up with a device – ‘Taraltec Disinfection Reactor’ – which he calls a “fit and forget” technology. It is, however, not a filter but a technology that uses basic principles of physics.

Tired of passwords and multiple verification systems to prove your digital identity? Fret not, Microsoft and Mastercard’s latest partnership will make the process a little simpler. Through a globally interoperable digital identity system, the two companies are trying to make it safer and easier for people to instantly verify their identity across various services.

Are digital EMIs the next big tool in the hands of top ecommerce players? Keen on expanding to newer geographies across India, big ecommerce players are now popularising digital EMIs, which, along with easy finance, now offer benefits such as quick approval, discounts, deals, cashbacks, and instant checkouts. And guess who is reaping the benefits? Tier II and Tier III towns, who are undoubtedly driving the growth of ecommerce in India.

Delhi-based non-banking financial company and microfinance institution Fusion Microfinance has closed Series E funding of Rs 520 crore in a round led by private equity firm Warburg Pincus. The investment round includes both a primary fund raise and secondary sale by early-stage investors Incofin, NMI, BIO and SIDBI. Existing investor Creation Investment also participated in this round.

Quora was recently targeted by “a malicious third-party”, leading to the breach of 100 million accounts. The news was announced on late Monday by the site itself, who assured that they are working to investigate the situation and take appropriate steps to prevent future incidents.


Artelus, Bioscan Research, Chigroo Labs, Janitri Innovations, mBreath Technologies and Turtle Shell Technologies are five IoT based medtech startups part of the 15 startups shortlisted for 3rd edition of the Qualcomm Design in India Challenge. Read all about their phenomenal work and how they are revolutionising  healthcare by enabling access to accurate and faster diagnosis and thereby preventive care.

In the third #TechByte of The 2018 Dell Technologies Digital Transformation Index that maps the progress of #DX globally, we bring to you, Anu Acharya, a woman at the forefront of India’s personal genomics and diagnostics industry. Anu was awarded Young Global Leader by the World Economic Forum in 2011, and was named in the 2018 W-power trailblazers by Forbes. Listen to her perspective on tech and read more about the report here.

When they tasted success with their first AI project —  an-in-house chat bot built to improve productivity and enhance customer experience, the PolicyBazaar team decided to go ahead and launch an entirely new business vertical driven by AI. DocPrime, an online healthcare platform that connects patients and doctors in real time, has a unique chat-first interface, Ashish Gupta, CEO – DocPrime.com and CTO – PolicyBazaar.com , takes us on their exciting journey.

Random Phrases for the Day – Have a Great Day today


  1. It’s Not All It’s Cracked Up To Be Meaning: Failing to meet expectations; not being as good as people say.

  2. Dropping Like Flies Meaning: To fall down ill or to die in large numbers.

  3. Lickety Split Meaning: To go at a quick pace; no delaying!

  4. Birds of a Feather Flock Together Meaning: People tend to associate with others who share similar interests or values.

  5. Every Cloud Has a Silver Lining Meaning: To be optimistic, even in difficult times.

Universe 1 Free Verse by Jay


Universe 1

Free verse by Jay

The region that’s really outer,
Above all others are the heliosphere.
Are you upset by how outward they are?
Does it tear you apart to see the heliosphere so external?

Pay attention to the planet,
planet are the most innermost heavenly body of all.
Do planet make you shiver?
do they?

A nebula, however hard it tries,
Will always be cunning.
Down, down, down into the darkness of the nebula,
Gently it goes – the tricksy, the guileful, the adroit.

 

Universe – the Free Verse by Jay


Universe

Universe

Free verse by Jay

How happy are outer heliosphere!
Never forget the outward and external heliosphere.

Planet, however hard they try,
Will always be innermost.
Do planet make you shiver?
do they?

The cloud that’s really wooly,
Above all others is the nebula.
Nebula – the true source of shuffle.

India’s New GDP Series: Understanding The Reduced Growth Rate Under the UPA Govt. Interesting point of view


via India’s New GDP Series: Understanding The Reduced Growth Rate Under the UPA Govt

Professor of Financial Economics and Part-time Value Investor
18 hours ago4 min read38 views
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The Central Statistics Office (CSO) recently recalibrated, and in a way downgraded the GDP growth figures for the 2006-2012 UPA era. This was followed by an unprecedented, yet explicable upheaval from the opposition, dubbed as a political conspiracy to discredit the previous government’s work ahead of the general elections next year.

 

Using 2011-12 as the base year instead of 2004-05, the CSO estimated that India’s GDP grew by 8.5% in FY10-11 and not by double digit 10.3% as previously estimated. Before we delve into the nuances of a changed base year and the re-calibration methodology, would highly recommend you go through the basics of the very important but much abused metric here.

 

It is rather common for GDP data to be rebased from time to time. However, the CSO made more fundamental changes in 2015 (“rebasing”; and a move to “market prices”), resulting in a boost to the numbers.

 

First, the Ministry of Statistics and Programme Implementation (MOPSI) updated the base year from 2004-05 to 2011-12. Why?

 

GDP is typically measured by reference to the prices and structure of the economy during a particular year – called the base year. Over time the said base year becomes less and less representative of the economy, due to evolution of new methodologies and data sources, new classifications of industry and products, international standards etc. Hence the base year for GDP calculations is updated at regular intervals.

 

In India, for instance, base year changes have happened in 1961, 1971, 1981, 1994, 2000, 2005, and 2012.

 

But, never has a such a debate been incited.

 

Another change brought about by MOSPI was to revise the method used to measure the output.

 

According to the new methodology, the GDP will now to be measured by referring to the Gross Value Added (GVA) at market prices, rather than at factor cost.

 

Under the factor cost method, the GDP constituted of the total value of goods and services produced within the country during a year. Note the focus on value at production. 

 

Factor cost did not account for the value at which goods and services entered the market i.e. what the Government earned in the form of taxes.

 

The new GDP calculation uses the market price methodology, which hence includes what the government would earn through indirect taxes like sales tax and excise duty; while deducting subsidies.

 

The updates conducted in 2015 were applied only to figures from 2012/13 onwards i.e. representing a bit of UPA’s tenure, but a largely NDA-led period.

 

Figures from 2006 to 2012, also known as the ‘back-series data’ (largely a UPA-led period) were not updated, barring the efforts of the Mundle Committee.

 

In August 2018, the Sudipto Mundle Committee on Real Sector Statistics applied the 2015 changes to figures for 2004-2012.

 

The data released had in fact shown a 30-50 basis points increase in GDP growth figures vs. previously known figures.

 

For instance, as per the Mundle Committee, the GDP grew by 10.8% in 2010-11 vs. the previously known 9.6%.

 

This brought some cheer to the opposition.

 

The numbers did bring some cheer to the Opposition although the government was quick to declare them as “experimental.”

 

Finally now, the CSO has released the “final” recalculated back-series data going all the way back to 1994-95. This release in contrast showed that India’s GDP grew by 8.5% in 2010-11 and not at 10.3% as previously claimed by the Mundle Committee. The Opposition has triggered a no holds barred attack.  

 

Similarly, the 9.3% growth rate each in 2005-06 and 2006-07 were lowered to 7.9% and 8.1% respectively, while 9.8% as earlier estimated for 2007-08 is now 7.7%. This downgrade has invoked a furor against the govt.

 

The recalculation, on paper, should allow for a like-for-like comparison for the first time. The downgrade though does warrant attention. What factors have driven the reduction for the back-series?

 

The new GDP computational method decreased the share of wholesale and retail trade (WRT) in GDP, which is directly dependent on employment data, by about 5 ppt (from 16% in the 2004-05 series to 11% for the 2011-12 series).

 

Inflation (as measured by the GDP deflator) between 2005 to 2012 has also been corrected. The deflator is a weighted combination of the WPI and CPI inflation indices. The two increased at a CAGR rate of 6.4 and 7.9% respectively between FY05 and FY12.

 

The old GDP deflator had an average inflation rate of 6.7%.

 

Common criticism has been that this is nothing but technical sophistry being used as an excuse to depress GDP numbers during the UPA era in the run up to the 2019 elections.

 

There are accusations against the government for tweaking GDP figures based on political considerations.

 

Critics claim that the back-series data contradicts / conflicts with other economic metrics for the years in question i.e. tax revenues, credit growth, trade performance etc.

 

One must remember though that GDP is a composite and complex metric, not necessarily having a linear / straight-forward correlation with these metrics. More communication and transparency by the CSO, including a comprehensive disclosure of its methodology, procedures, and adjustments would be most welcome to dispel accusations of institutional compromise. Otherwise in these polarized times, a consensus on this issue appears to be a pipe dream.

 

ROK Movement – Random Acts of Kindness


  1. We all love surprises! Buy someone an unexpected gift
  2. Wardrobe overflowing? Donate clothes to a charity
  3. Be proactive – sign a petition for a good cause
  4. Help someone carry their pushchair up/down the stairs
  5. See someone struggling with lots of bags? Offer to help them
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The view from here ... Or here!

Indian Vashikaran Guru Pandit Kapil Sharma

Get Your All Love Problem Solution by Indian Vashikaran Guru Call & Whatsapp +91 8875270809

fauxcroft

living life in conscious reality

Courage To Blog

Start to Create.

Diverse Infos

Explore the diversity

UniversalTrips

Universal Gallery Trips

Moses Dixon's Worpress Site

The WordPress Blog of Community Advocate Moses Dixon

Love and Love Alone

Born to Love & Love Alone, Live to Love & Love Alone, Die to Love & Love Alone

Politically Poetic

Poetry, Opinion, Politics

The Dailey Weekly

A Dailey Freelance Production

Fevers of the Mind

Writing, Poetry, Short Stories, Reviews, Art Contests

Teekhi News

It's a news related to incident occurred near by, its regularly update you with the proper news with proper knowledge

OshoLeela - The existential drama

Transformation by witnessing

RL WEB

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josiesvoice

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Mechanovation

Unveiling the Wonders of Mechatronics

The Livingood Life

Letsgrow Individually and Collectively

TheKop Curva CrossOver

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Your Choicest Lifestyle

Only your choices make your lifestyle unique !

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Rob Ryan | Small Business Chronicles

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The Time of the Place

Perspectives From the Edges of Place and the Recovery of Time

Chambers on the Road

RV, other Travels and Home Life in Retirement

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Living, Loving, Laughing, Learning and (Being) Lucrative

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Here , I share the Experiences of reading books and Book-reviews . Talk about Life .

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Site Title

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parallax

The view from here ... Or here!

Indian Vashikaran Guru Pandit Kapil Sharma

Get Your All Love Problem Solution by Indian Vashikaran Guru Call & Whatsapp +91 8875270809

fauxcroft

living life in conscious reality

Courage To Blog

Start to Create.

Diverse Infos

Explore the diversity

UniversalTrips

Universal Gallery Trips

Moses Dixon's Worpress Site

The WordPress Blog of Community Advocate Moses Dixon

Love and Love Alone

Born to Love & Love Alone, Live to Love & Love Alone, Die to Love & Love Alone

Politically Poetic

Poetry, Opinion, Politics

The Dailey Weekly

A Dailey Freelance Production

Fevers of the Mind

Writing, Poetry, Short Stories, Reviews, Art Contests

Teekhi News

It's a news related to incident occurred near by, its regularly update you with the proper news with proper knowledge

OshoLeela - The existential drama

Transformation by witnessing

RL WEB

MAKING LIFE BETTER

josiesvoice

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Mechanovation

Unveiling the Wonders of Mechatronics

The Livingood Life

Letsgrow Individually and Collectively

TheKop Curva CrossOver

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May the Fourth

Be with you

Your Choicest Lifestyle

Only your choices make your lifestyle unique !

NSTM Planet

editorial / Opinión

Rob Ryan | Small Business Chronicles

succeeding in business with the best business ideas and tips in 2021

The Time of the Place

Perspectives From the Edges of Place and the Recovery of Time

Chambers on the Road

RV, other Travels and Home Life in Retirement

Inside My Sling Bag

Living, Loving, Laughing, Learning and (Being) Lucrative

The Journey

Here , I share the Experiences of reading books and Book-reviews . Talk about Life .

JOSH KNOWS BEST

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Keep the Change

Traveler. Thinker. Storyteller.

Hawkins Bay Dispatch

without love day to day, insanity is king

iRoseStudios.com

Art Studio Dumfriesshire

Mario De jesus

OPINI // EDUKASI // PARIWISATA

The Dark Corner

Metal, Rock and Dark, Real Crime Music

Khea Cardino's Abditory

“Darkness cannot drive out darkness: only light can do that. Hate cannot drive out hate: only love can do that.” ― Martin Luther King Jr.

Mind Doctor

No Health Without Mental Health

RonDon Apparels

Unique Designs | T-shirts | leggings | Sweaters and more

BTC Tech Group, LLC

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Site Title

Made for you

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Welcome to the Unboxing Product Review site! Where I will be giving you free information on the top best YouTube channels.

Mohkul.. The Bless

Baaz ! The Warrior Poet,My Pen,write to shoot)

Site Title

Change in Settings

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