CSR: For sustainable & Equitable India

Corporate Social Responsibility (CSR) is a concept that has been gaining traction in India in recent years. With a booming economy and growing awareness about environmental and social issues, companies are beginning to realize the importance of giving back to society. In this blog, we will take a closer look at the state of CSR in India.

Firstly, it is important to understand what CSR is. CSR refers to a company’s voluntary activities that go beyond its core business operations to create a positive impact on society and the environment. CSR activities can range from philanthropic initiatives like donating to charities to more sustainable initiatives like reducing carbon emissions.

In India, the concept of CSR was first introduced in 2014 through the Companies Act. Under this law, companies with a net worth of Rs 500 crore or more, or a turnover of Rs 1,000 crore or more, or a net profit of Rs 5 crore or more, are required

to spend 2% of their average net profits in the previous three years on CSR activities.

Since the introduction of this law, CSR spending in India has increased significantly. In the financial year 2019-2020, 1,319 companies spent a total of Rs 16,034 crore on CSR activities. This is a significant increase from the previous year, where 1,193 companies spent a total of Rs 10,030 crore.

CSR activities in India are diverse and cover a range of issues. Some common areas of focus include education, healthcare, environmental sustainability, and community development. Companies are also increasingly focusing on gender equality and empowerment, with many initiatives aimed at promoting women’s entrepreneurship and employment.

However, despite the increase in CSR spending, there are still challenges that need to be addressed. One issue is the lack of transparency and accountability in CSR activities. Many companies do not disclose their CSR activities

and there is no independent verification of the impact of these activities.

Another issue is the uneven distribution of CSR funds. While some companies are doing exemplary work in CSR, others are not meeting their obligations or are not spending their funds effectively. This has led to calls for greater regulation and monitoring of CSR activities in India.

In conclusion, CSR is an important concept that is gaining traction in India. While there have been significant increases in CSR spending, there are still challenges that need to be addressed. Companies need to be more transparent and accountable in their CSR activities, and there needs to be greater regulation and monitoring of these activities. If these issues are addressed, CSR can play an important role in creating a more sustainable and equitable future for India.

UPCOMING JOB OPPORTUNITIES IN INDIA

India, like many other countries, is undergoing a rapid transformation in the nature of work and the skills required to succeed in the job market. With technological advancements and changing business practices, the job market is evolving at an unprecedented pace. In this blog, we will discuss some of the upcoming job requirements in India.

  • Digital Skills

The importance of digital skills cannot be overstated in today’s job market. With the rise of technology, jobs that require digital skills such as coding, data analysis, and digital marketing are in high demand. Moreover, with the increasing adoption of automation and artificial intelligence, digital skills are becoming more critical than ever.

  • Healthcare

The healthcare industry is one of the fastest-growing industries in India, and the demand for skilled healthcare professionals is on the rise. With an ageing population and an increase in chronic diseases, healthcare is becoming a crucial sector for job creation. In addition to traditional medical roles such as doctors and nurses, healthcare also requires skilled professionals in areas such as medical technology, health management, and health policy.

  • Renewable Energy

Renewable energy is an industry that is gaining momentum in India. With the country’s ambitious goal to achieve 175 GW of renewable energy capacity by 2022, the demand for skilled professionals in this sector is expected to rise significantly. Jobs in renewable energy include roles such as solar panel installation, wind turbine maintenance, and energy management.

  • Logistics

With the growth of e-commerce and the need for efficient supply chain management, the logistics sector is rapidly expanding. The sector requires skilled professionals in areas such as inventory management, transportation management, and warehouse management. Moreover, with the increasing adoption of automation in logistics, there is a growing demand for professionals with expertise in robotics and artificial intelligence.

  • Cybersecurity

As more businesses and individuals shift towards digital platforms, the risk of cyber-attacks is increasing. Therefore, cybersecurity is becoming a critical requirement for businesses across all industries. The sector requires professionals with skills in areas such as ethical hacking, cybersecurity management, and cyber forensics.

  • Education and Training

With the increasing demand for skilled professionals, there is a growing need for education and training. The education and training sector requires professionals with expertise in areas such as curriculum development, training and development, and instructional design.

Conclusion:

In conclusion, the job market in India is changing rapidly, and professionals need to adapt to stay relevant. The demand for digital skills, healthcare, renewable energy, logistics, cybersecurity, and education and training is expected to rise significantly in the coming years. Therefore, individuals who possess these skills will have a competitive advantage in the job market.

Decoding: Silicon Valley Bank Crisis

Silicon Valley Bank: What is it?

Silicon Valley Bank, which was founded in 1983, ranked as America’s 16th-largest private bank. Nearly half of all US venture-backed technology and life science firms received banking services from it.

It also conducts business in the following countries: Canada, China, Denmark, Germany, Ireland, Israel, Sweden, and the UK.

What caused it to fall?

After a hectic 48 hours in which customers frantically withdrew savings from the lender in a traditional run on the bank, SVB abruptly collapsed. However, the cause of its downfall has been brewing for a while. During the period of almost zero interest rates, SVB invested billions in US government bonds, just like many other institutions.

As the Federal Reserve aggressively increased interest rates to control inflation, what initially appeared to be a safe bet soon unraveled.

Bond prices decline as interest rates rise, so the increase in rates reduced the worth of SVB’s bond portfolio. According to Reuters, the portfolio’s average return last week was only 1.79%, considerably lower than the 3.9% yield on the 10-year Treasury.

The Fed’s rate-hiking binge also increased borrowing costs, forcing tech startups to allocate more money to loan repayment. They were having trouble finding new venture capital financing at the same time.

As a result, businesses were compelled to use deposits kept by SVB to pay for operations and expansion.

How about speculators and depositors?

The deposits of all SVB clients will be guaranteed, US regulators announced on Sunday. The move is intended at preventing more bank runs and enabling tech companies to continue paying staff and funding their operations.

Will a banking catastrophe result from this?

There are already some indications of stress at other banks. After the shares of First Republic Bank (FRC) and PacWest Bancorp (PACW) fell 65% and 52%, respectively, trading in those stocks was momentarily suspended. At 11.30 a.m. ET on Monday, shares of Charles Schwab (SCHW) were down 7%.

The benchmark Stoxx Europe 600 Banks index in Europe, which monitors 42 significant EU and UK banks, dropped 5.6% in early trade, marking the largest decline since last March. The troubled Swiss financial behemoth Credit Suisse saw a 9% decline in share price. Government bond and other asset purchases made by SVB and other financial institutions have seen significant value declines.

In Indian context there will be no major impact on banking systems although it may affect  start-ups  in the short term when it comes to funding & making payroll.

CHAT-GPT: WHAT IS IT?

It is designed to generate human-like text and can be used to perform a variety of language-based tasks, such as language translation, summarization, and question answering. It is trained on a massive dataset of texts from the internet allowing it to generate text that is difficult to distinguish from human-written text.

What Are Social Impacts of Chat-GPT?

  • Can be used to create a chatbot that functions as a “chief compliance officer” for banks and it provides a great assistance.
  • Quizzes that are generated automatically, a virtual teaching assistant, course descriptions, even learning objectives. The work of instructional designers and subject matter specialists often requires a lot of mental effort. If we “steer” the AI in the direction of our content, it can make it widely available.
  • Recruitment, onboarding, training in sales, manufacturing, compliance, leadership development, even mentoring in both personal and professional spheres. The “expertise delivery” problem can be effectively solved by AI if you concentrate it on a reliable source of content (which most businesses have in abundance).
  • Can be used to automate and translate in various languages the ‘Administrative Tasks’, provide healthcare recommendation to a user, or provide mental support in future.
  • Although negative impacts could also be there if not controlled legally & ethically, like spread of harmful content, data theft, loss of face-to-face interaction & overdependence on technology.

Conclusion:

Overall, it’s an amazing technology that is going to take content marketing forward and use of AI to fill in service and virtual assistance gaps. Though we must accept without proper legal and ethical control it has the potential to spread out negative misinformation worldwide.

EDUCATION BASED ON SKILLS

The world is evolving. Nowadays, five-year-old’s play with Xboxes, iPhones, and tablets rather
than mud. Children grow up in a very digitalized environment where every service is at their
fingertips. Food is consumed, a picture of it is quickly shared on Instagram and WhatsApp, and
Then a favorite Netflix show is watched to unwind. Human interactions have suffered as virtual
Reality has become more popular. Every day, the economy and the technology that surrounds it
Rapid change is experienced. How is it acceptable to force today’s expanding kids into outdated
educational procedures in such a setting?
Need for Skill Based Learning:
Instead of forcing the young crowd to take notes, make diagrams, and memorize maps, provide
opportunities for students to comprehend topics by deconstructing them and encouraging an understanding
appropriate atmosphere to develop:
Leadership qualities
 talents in communication
 Ability to adapt
 Time management and analytical abilities
Skill-based learning refers to the acquisition of creative skills as well as a number of other life
skills. These abilities help the student establish a solid foundation early on and succeed in both
personally, and professionally in the future. planning, carrying out, and assessing the abilities that
are learned through knowledge-based Learning in the classroom is one of the main goals of skill-based
learning.
It is time to abandon old habits and adopt a more practical approach:
The Indian educational system places a strong emphasis on academics. A joke that went
When Neeraj Chopra won a gold medal, something similar was trending on social media.
medal at the 2021 Tokyo Olympics: Everyone wants an Olympic champion in their family,
but nobody wants their child to focus on sports. Such has been India’s century-long obsession with the
conventional textbook approach to education
More than ever, the modern world requires skill-based education. It’s time to liberate kids from
the cramped quarters of the classroom. Rot learning and vomiting the entire school year on
the final exam’s answer sheets don’t help the student advance, and in the present, holding the
Youth in traditional ways is blatantly unfair. They should receive the education that actually
prepares them for life outside of school. Considering that, in contrast to us, their future is likely
to be controlled by AI, the next computing era, and 5G network connections.

TIPS FOR A JOB INTERVIEW

How well you do in a job interview depends on how well you prepared. And that goes beyond simply looking up the most frequently requested questions on Google (unless you want to be just another applicant). You must get ready differently and be more prepared than ever if you want to stand out. We put together the top 5 things you should do to be ready to land your ideal job in order to set you up for success.

Recognize the position and contrast it with your credentials

Read the job description attentively and note the essential qualifications. Following that, sketch out your personal skill set.

Prepare the ideal responses

Are you prepared to gauge the interviewer’s reaction to your responses? To find out what you are doing well, whether there are any warning signs, and how to address them, send it to our specialists.

Prepare your replies in advance of the questions

Think carefully about the main ideas you want the interviewer to remember. Examine the most typical interview questions and responses before practicing your own. By practicing the responses, you’ll gain more self-assurance, have less nervousness, and be sure to convey all of the important points you’ve chosen.

Make your responses distinct

Are you prepared to gauge the interviewer’s reaction to your responses? To find out what you are doing well, whether there are any warning signs, and how to address them, send it to our specialists.

Construct inquiries for the interviewer

There are two reasons why you should ask the interviewer thoughtful questions. First of all, because they anticipate you doing it. Use the questions to your advantage by highlighting your interests and preferred working methods. It might be your last chance to make an impression on the interviewer!

Second, because you should also research the business and the position. Was that really what you were hoping for? Not just the employer is present at the interview.

Make a note of the responses! Ask for permission before taking notes and always have a notebook. It will show that you are organized and interested.

INDIA TOWARDS CASHLESS ECONOMY

The Indian government is working to make the country’s economy cashless, however this goal is shared by all governments worldwide. We will discuss why the Indian government wants to eliminate cash from the economy today. How about defining a cashless economy? both its benefits and drawbacks.

The term “cashless economy” refers to an economy that does not accept cash, or you could say that there is no cash flow in the economy. Plastic money or electronic channels are used for all transactions. In a cashless economy, you can make purchases using your mobile wallet, plastic money, such as a debit card or credit card, or online banking, or payment apps like Gpay, Phonepe & Paytm instead of carrying cash.

ADVANTAGES

In order to reach its goal of creating a fully cashless economy, the Center is actively promoting internet and card-based transactions in the nation following demonetization. These payment methods make it simple for the government to keep track of every transaction. It aids in reducing the circulation of counterfeit money and illicit money. Digital transactions are simple to use, and carrying cash is not necessary. Additionally, it decreases the amount of currency notes and coins produced, which also lowers the cost of production. The data generated by cashless transactions can be used by the government to analyze and enhance its policies. Officials can predict or identify activity patterns using such data, and they can utilize this knowledge to develop the urban areas for things like housing, transportation, and energy management. Cash is challenging to track. Cash can also be used for illegal operations including tax avoidance and the laundering of illicit funds.

DISADVANTAGES

Although a cashless economy is tremendously advantageous to our nation, there are some drawbacks as well. The lack of adequate monitoring of the data and cybersecurity concerns with cashless payments is a growing source of concern for many consumers. On the other hand, consumers worry about their privacy because every transaction leaves a digital trace.

CONCLUSION

Cash continues to be a dependable, secure, and trusted method of payment for products and services, despite the many new convenient methods consumers can do so. Additionally, it has a definite sense of value, which is useful for creating a budget. Cards and mobile payments give customers flexibility, choice, and convenience, but implementing a fully cashless economy in a place like India is challenging.

FIFA SUSPENDS AIFF

What Will Happen Next?

FIFA on Monday suspended the All India Football Federation (AIFF) immediately as a result of “undue interference from third parties.” The Under-17 Women’s World Cup, which was scheduled to take place in India from October 11–30, would likewise be unable to take place as planned due to the ban.

  • India won’t participate in AFC Asian Cup 2023, the Philippines will be an alternative.
  • FIFA’s bylaws state that member federations must be free from government and political intervention in their home nations.
  • Other national associations have already been suspended by FIFA due to incidents like this in the past.
  • “FIFA is hopeful that a favorable outcome to the issue may still be achieved and is in constant and constructive contact with the Ministry of Youth Affairs and Sports in India.”
  • The suspension will be lifted once the committee of administrators will be established to take over the duties of AIFF executive committee. And AIFF has complete control over the organization’s operations.

The FIFA suspension has a wide impact as our national teams will not be able to play in the international matches as well as in the continental tournaments. Only AIFF complete adherence to the FIFA statutes will allow ban lifting in the future

IPR: An Introduction

Intellectual property rights are any and all rights connected to intangible assets that are owned by a person or business and are safeguarded against unauthorised use. Non-physical property, such as the right of ownership over intellectual property, is referred to as an intangible asset. Intellectual property rights include the following examples: Patents, names of domains, industrial style, Information that is secret, Inventions, Moral principles, rights to databases, Works by the author, A service mark, Logos, Trademarks, rights to designs, Trademarks or company names etc.

What Kinds of Intellectual Property Are There?

The four primary categories of intellectual property rights are as follows:

  1. Patents

Patent law grants one or more inventors exclusive rights and shields creations from unauthorized use. The three different patent categories include:

  • Patents for designs:  A device or invention’s aesthetics are protected. Emojis, fonts, and other distinctive visual characteristics are all covered by ornamental design patents, such as the Coca-Cola bottle’s shape.
  • Patents for plants act as safeguards for novel plant species. Fruit trees without pests are an illustration of a plant patent.
  • Protection for a product that is helpful and serves a practical function is provided by utility patents. Examples of IP include software, pharmaceuticals, and auto safety systems.
  • Trademarks

The use of logos, sounds, words, colors, or other symbols by a business to distinguish its goods or services is protected by trademark law. The Twitter logo, the McDonald’s golden arches, and the font that Dunkin uses are all instances of trademarks.

  • Copyrights

The rights of the original creators of original works of intellectual property are safeguarded by copyright laws. Copyrights, unlike patents, must be observable. For example, ideas cannot be protected by copyright. However, you can obtain a copyright and record an original speech, poetry, or song.

  • Trade secrets

Trade secrets are private, valuable, and informational intellectual property that belongs to a business. They could be a formula, recipe, or method utilized to gain an advantage over rivals.

What Are a Few Examples of Intellectual Property Violations?

Infringement, counterfeiting, and misappropriation of trade secrets are the main intellectual property crimes. Intellectual property violations include:

  • Designing a logo or name with the intention of duping consumers into believing they are purchasing the original brand.
  • Unauthorised video or music recording, as well as copying intellectual property (yes, even on a photocopier, for private use).
  • Copying a patent and selling it as your own while doing so.
  • Making patented products without a valid license.

Feeding Insects to Livestock Can Make Meat and Dairy More Sustainable

The difficulty of feeding everyone is expanding along with the world’s population. According to current estimates, the world’s appetite for food could rise by 59 to 98 percent by 2050. Demand for high-quality protein sources, like meat and dairy products, will especially rise.

Producers of livestock in the US and other exporting nations are seeking for ways to boost their output while also being mindful of the effects that agricultural production has on the environment. Searching substitute for animal feed that can replace grains will free up more cropland to be used for human consumption, which is a significant gain.

Worldwide, the insect farming sector is expanding quickly because of their fast growth & high nutritional value. Furthermore, evidence suggests that feeding cattle insects has a lower environmental impact than using standard feed crops like soybean meal etc.

BLACK SOLDIER FLY

The black soldier fly (Hermetia illucens) is one of thousands of the edible insect species that is gaining widespread popularity. Black soldier flies’ larvae are composed of 45% protein and 35% fat. Industrial waste products, such as pre-consumer food waste, can be fed to them effectively. The larvae can be produced in factory-sized facilities on a large scale, and once dried, they are shelf-stable. The larvae have been given permission for go-ahead to be fed to chickens, pigs, and some fish by the American Association of Feed Control Officials.

ECONOMIES OF THE SCALE

Economics are important. Insect-based feed costs how much will beef and dairy cattle farmers spend, and can the insects be farmed at that cost? An economic analysis has been done of black soldier fly larvae for the US cattle business, which was also published early in 2022, to start addressing these problems. The larvae will cost more than the current protein sources fed to cattle, such as soybean meal. The increased nutritional profile of black soldier fly larvae is reflected in the higher price. However, it is not yet clear if the cow industry would be willing to pay this price or whether the insect farming sector could produce black army fly larvae at that cost.

CONCLUSION

Employing insects as components can increase the sustainability of human and animal diet, which is supported by the rapid increase in global market for edible insects. It is believed now that the cow feeding market could be a perfect one, and expectations are there to see more study involving both producers of insects and cattle.