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Union Budget 2021: Here s how Indian tech industry reacted
Union Budget 2021: Finance Minister Nirmala Sitharaman today announced the Budget 2021 that will be applicable for the upcoming fiscal year starting April, 2021. Here s how the tech industry reacted:
Ketan Patel, Managing Director, HP India Market, said, Todayâs budget announcement confirms governmentâs focus on developing infrastructure and skills which will have short and long term benefits to Indian economy & people. From a technology point of view, the incentives for creating digital infrastructure, education and skilling spells out the governmentâs intent on developing the countryâs human capital. Steps like international collaboration to develop new skills will help Indian youth prepare for modern job requirements and make them global-ready.
In another bid to boost domestic manufacturing, the government on Monday announced an increase in custom duty for up to 10 per cent on mobile chargers and some sub-parts of phones, a move that can make handsets costlier by 3-4 per cent from .
Molly Sprayregen
This cover image released by Mira shows We Could Be Heroes by Mike Chen. (Mira via AP) February 01, 2021 - 6:21 AM
âWe Could Be Heroes,â by Mike Chen (Mira)
In Mike Chenâs âWe Could Be Heroes,â Jamie and Zoe each wake up alone in an unfamiliar apartment. Neither has any memory of who they are or how they got there. All they know is that they now possess special powers. Jamie can read and erase memories, and Zoe has superhuman strength and speed.
Completely on their own, each must do whatever they can to survive. Taking opposite paths, Jamie turns to a life of crime, and Zoe becomes a vigilante hero. One day, the two meet in a memory loss support group. Their stories are too similar to be coincidental, so together, they embark on a quest to find out what happened to them and rediscover the people they once were.
Dot-com Era Stock Valuations Bring Bubble Fears to ESG Funds
Bloomberg 1/26/2021
(Bloomberg) It’s reality-check time for ESG funds.
Exchange-traded funds investing in companies with responsible environmental, social and corporate governance practices lured a record $85 billion in the U.S. and Europe in 2020, and are still raking it in. Pumped up by the flows, stocks in many of these funds are trading at frothy price-to-earnings multiples that are increasingly hard to justify. Take U.S. fuel-cell maker Plug Power Inc., for instance. The unprofitable company’s more than 2,000% rally since early 2020 outpaces even Tesla Inc’s.
“There is a risk that holdings that populate ESG funds have become overvalued,” said Chris Dyer, director of global equity at Eaton Vance. “Investors both active and passive are increasingly chasing these themes and driving valuation to uncomfortable levels in some cases. This type of naïve investing tends to end badly.”
How does China use nationalism in international brand controversies? And where are its limits?
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January 26, 2021
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In mid-January, comedian Uncle Roger apologized to Chinese netizens for hosting a video with Mike Chen of Strictly Dumpling, a China critic who had spoken out against the state’s treatment of its Uyghur minorities and the Hong Kong national security law. Also recently, YouTuber Hamji was disparaged by Chinese internet users for giving a thumbs-up to a comment that said China had wrongly claimed kimchi and ssam – both well-known Korean dishes – as their own. In another incident late last year, Chinese netizens called for a boycott of the show “Running Man” for allegedly depicting Taiwan as a separate country from China on a game board. And the list of controversies goes on.