Indian Economy & Market Magazine - May 2023

In this issue

Time to Buy NBFCs
The RBI's decision to halt the rate hike in the April MPC meeting is a welcome relief for NBFCs as it will prevent a decline in NIM and simultaneously boost loan growth.

Dangerous Illusion of Scientific Consensus
WH Warns of ‘Severe Damage’ to Economy
Ideas: Does AI Pose Dangers To Humanity?
Applying Horse-Sense Training to Humans
Is Cook’s Recipe Healthy for India?
Personal Finance: Who Owns the Most Gold?
Importance of Self-Promotion
& Regulars

White House Warns of 'Severe Damage' to Economy

New analyses by both the Congressional Budget Office and the U.S. Department of the Treasury suggest the United States is rapidly approaching the date at which the government can no longer pay its bills. History is clear that even getting close to a breach of the U.S. debt ceiling could cause significant disruptions to financial markets that would damage the economic conditions faced by households and businesses.

2 mins

The Dangerous Illusion of Scientific Consensus

If there is a consensus, science challenges it with new hypotheses, experiments, logic, and critical thinking. Ironically, science advances because it believes it has never arrived; consensus is the hallmark of dead science.

5 mins

Does AI Pose Dangers To Humanity?

John McCarthy, known as the 'father of artificial intelligence' coined the term "artificial intelligence" in the 1950s. Artificial intelligence is a field, which combines computer science and robust datasets, to enable problem-solving. It also encompasses sub-fields of machine learning and deep learning, which are frequently mentioned in conjunction with artificial intelligence. The goal of Al is to provide software that can reason on input and explain on output. Al will provide human-like interactions with software and offer decision support for specific tasks, but it's not a replacement for humans - and won't be anytime soon. Al is approaching a rough parity with human intelligence and therein lies the dangers it pose to humanity. Al is definitely something to keep an eye on, and we should be asking important questions. But James Rickards says, we shouldn't worry about it taking over the world anytime soon.

5 mins

Can India digitally leap-frog ahead?

Last year in October, the Prime Minister declared that in the last eight years, India has leaped from the eighth spot in terms of economic size to the fifth spot.

3 mins

Is Cook's Recipe Healthy For India?

Apple has opened its first retail store in India, spread over 20,000 square feet over two floors in the Jio World Drive mall in the Bandra Kurla Complex, Mumbai. The store will provide customers with the opportunity to explore Apple products and services. Apple has leased out the space in the mall for 11 year contract. The company will be paying 42 lakh per month as a rental for the store, and will also share a part of the revenues with the space owner. The store will be operationally carbon neutral, relying on 100 percent renewable energy, and will have its own dedicated solar array, making it one of the most eco-friendly stores in the region.

6 mins

TIME TO BUY NBFCs

The RBI's decision to halt the rate hike in the April MPC meeting is a welcome relief for NBFCs as it will prevent a decline in NIM and simultaneously boost loan growth.

10+ mins

Berkshire Hathaway: Main Takeaways from the 2023 Annual Meeting

Berkshire Hathaway’s annual meeting has just concluded. Warren Buffett (92) and Charlie Munger (99) joined by Ajit Jain and Greg Abel on stage took questions from shareholders during a live event in Omaha. Berkshire Hathaway reported a $35.5 billion quarterly profit. Berkshire’s shareholder meeting always attracts throngs of people who admire Buffett and his longtime investing partner Charlie Munger.

5 mins

Who Owns The Most Gold?

The gold industry is thriving, as this yellow metal is highly coveted and usually appreciates over the long term. So, who are the individuals and families that own the most holdings of gold in the world? Secondly, how much gold is there in the world? However, there’s only a finite supply of gold in the world.

6 mins

Importance of Self-Promotion

IF you are going to influence others and persuade them to your point of view, ideally it would be great to hold an important position, be highly visible, and know how to get your cause in the media, or even social media.

3 mins

On Defeating Fate

Once St.Francis of Assissi visited the sultan of Egypt. Eager to insult the saint, the sultan laid a trap for him.

3 mins

Read all stories from Indian Economy & Market

Indian Economy & Market Magazine Description:

Indian Economy & Market Magazine is a monthly magazine published by Scintilla Communications LLP in Mumbai, India. Indian Economy & Market magazine is known for its in-depth coverage of the Indian economy and markets, as well as its insights from leading experts in the field. It covers a wide range of topics related to business and economics, including:

* Economic news and analysis: Indian Economy & Market Magazine covers the latest economic news and trends from India and around the world. The magazine also provides in-depth analysis of the Indian economy, as well as its impact on businesses and individuals.
* Market news and analysis: Indian Economy & Market Magazine also covers market news and analysis, including stock market trends, commodity prices, and currency movements. The magazine also provides insights from leading analysts on how to invest in the Indian markets.
* Industry news and trends: Indian Economy & Market Magazine also covers industry news and trends from different industries, such as technology, finance, healthcare, and manufacturing. This coverage helps readers to stay informed about the latest developments in their respective industries.
* Corporate news and profiles: Indian Economy & Market Magazine also features corporate news and profiles of leading companies in India. These profiles provide readers with insights into the strategies and operations of these companies.
* Personal finance: Indian Economy & Market Magazine also features articles on personal finance, such as investing, saving, and retirement planning. These articles help readers to make informed financial decisions.

Indian Economy & Market Magazine is a valuable resource for anyone who is interested in business and economics in India. It is a must-read for anyone who is looking to stay informed about the latest economic and market trends in the country, or who is looking for insights from leading experts in the field.