Covid-19 has blown apart the myth of Silicon Valley innovation
The frustration in Marc Andreessen's post on our failure to prepare and respond competently to the coronavirus pandemic is palpable, and his diagnosis is adamant: "a failure of action, and specifically our widespread inability to 'build.'" Why don't we have vaccines and medicines, or even masks and ventilators? He writes: "We could have these things but we chose not to - specifically we chose not to have the mechanisms, the factories, the systems to make these things. We chose not to 'build.'"
Forgetting for a moment that this is coming from the same guy who famously explained in 2011 "why software is eating the world," Andreessen, an icon of Silicon Valley, does have a point. As George Packer has written in the Atlantic, the coronavirus pandemic has revealed much of what is broken and decayed in politics and society in America. Our inability to make the medicines and stuff that we desperately need, like personal protective gear and critical care supplies, is a deadly example.
Covid-19 impact: Job losses mount in smaller startups, unicorns Many startup founders who had earlier prioritized growth over profitability are now forced to re-look at their business strategy as covid-19 has impacted startups and big corporates alike.In April and May, multiple startups have laid off or furloughed employees and contract staff, besides salary cuts to save cash after revenues take a hit
From Plate to Plough: A 1991 moment for agriculture Proposed reforms in agri-marketing laws address longstanding needs of farmers. They could build efficient supply chains, ensure better products for consumers.
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India Joins 61 Nations To Seek "Impartial" Probe Into Coronavirus Crisis 62 countries, including India, have backed a joint effort by Australia and European Union, calling for an independent inquiry into the WHO's response to the COVID-19 pandemic, according to a draft resolution proposed for 73rd World Health Assembly (WHA) meeting beginning today.
10 Bollywood movies that are so bad that they are hilariously good Dev Anand, Amitabh Bachchan, Dharmendra and Mithun Chakraborty have acted in dozens of timeless classics. But these are not those films. Today, we explore some of the most astoundingly bad movies headlined by these A-list actors, especially in the winter of their careers.
Vodafone Idea lost 3.6 mn customers despite being the fastest 4G network Vodafone Idea has lost 3.623 million mobile phone subscribers on its 2G, 3G and 4G networks in January 2020 across India, TRAI data indicates. Vodafone Idea's mobile customers reached 328.989 million in January 2020 as against 332.612 million in December 2019. Fastest 4G network? Vodafone Idea has the fastest 4G network in the three metros […]
If there is no additional borrowing, there can be no additional expenditure, no fiscal stimulus On May 12, the Prime Minister grabbed the headline with the announcement of a Rs 20 lakh crore Economic Stimulus Package — but left the page blank! Beginning May 13, the Finance Minister started giving out the 'details' of the package. The people left fuming were the farmers; migrants; and workers.
COVID-19 could cost 135 mn jobs, push 120 mn people into poverty in India: Report According to a new report by international management consulting firm Arthur D Little, the worst of COVID-19's impact will be felt by India's most vulnerable in terms of job loss, poverty increase and reduced per-capita income, which in turn will result in a steep decline in the Gross Domestic Product (GDP).Get latest Economy online at cnbctv18.com
Consumer goods firms pin hopes on more funds for rural jobs scheme FMCG companies are hoping that the extra money in the hands of the rural consumer could help boost demand.Many experts have argued that measures announced pay little attention to immediate demand revival
Amway India gears up to meet increased demand for immunity, nutrition products With an increased demand for immunity and nutrition products during the coronavirus lockdown, direct selling major Amway is gearing up for enhanced focus on the category and expecting up to 65 per cent of its total business to come from it going forward, a top company official said. The company, which is taking a look at its "portfolio in a big way" in India as part of planned global investments, is studying how to readjust the portfolio more towards immunity and nutrition here in the country.
Atmanirbhar Bharat: Here are key takeaways of FM Sitharaman's presser on 5th tranche of Rs 20 lakh crore economic package In her fifth and final detailing of the Rs 20 lakh crore economic package, Union Finance Minister Nirmala Sitharaman emphasised on 7 main sectors, including MGNREGA, Health, Education and Business sector. Recalling PM Narendra Modi's words, she said, "As a nation today, we stand at a very crucial juncture. Such a big disaster is a signal. It has brought distress and an opportunity." "In order to prove the resolve of a self-reliant India, Land, labour, liquidity and law all have been emphasised in the package." She reminded PM's words of 'Jaan hai to Jahaan hai'
Dharmendra ji is leading our flood relief in Bihar and a source of constant inspiration for us to provide more help to the flood victims. You can call him @ 9431477171 if you want any direct feedback from the ground level or for sending any material. Convenient timings to call: 7:00 AM to 9:00 AM in Morning (IST) 10:30 PM to 12:00 AM in Evening(IST)
Latest Update: Health care, a prime concern at the moment. As the water is receding in some areas, they are becoming epidemic prone !
This blog has information received from Bihar on flood relief efforts undertaken by AID, AID India and partners. Donations links:
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