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Showing posts from October, 2017

Builder made commercial building misguiding high court. Govt wakes after 4 years !

HYDERABAD:In what appears to be a classic case of forgery , the owners of a plot and a builder have been charged by the GHMC with misleading not just the civic body , but also the district collector and Hyderabad High Court by presenting them with a fake building permit. GHMC commissioner B Janardhan Reddy approached the Hyderabad High Court and urged it to vacate the stay order it granted in respect of a 1,000 square yard plot at Namalagundu area of Seethaphalmandi in Secunderabad and the huge multi-storied commercial building raised on it in order to enable the corporation to take action against the owners of this plot and also their builder because they misled not just the GHMC with a fake building permit, but also the district collector and the high court as well.
The GHMC chief, in his affidavit, detailed how the owners of the plot, P Rukkammaand four others, along with their builder K Yedukondalu of Seven Hills Constructions chose to mislead the authorities. According to the co…

The risks with cryptocurrencies. Take proper caution

Switzerland's financial watchdog FINMA has closed down what it said was the provider of a fake cryptocurrency and is investigating around a dozen other possible fraud cases, in the latest clamp-down on the risks involving virtual money.
The move by the FINMA watchdog comes on the heels of Chinese authorities' ordering Beijing-based cryptocurrency exchanges to stop trading and immediately notify users of their closure.

FINMA said it had three other companies on its warning list due to suspicious activity in cryptocurrencies, and was conducting 11 investigations into other possible fake virtual currencies

https://finance.yahoo.com/news/swiss-shut-down-fake-e-090544871.html

Advantages of using Bitcoins

Purchases Are Not Taxed:
There is no way for third parties to identify, track or intercept transactions that are denominated in Bitcoins, so one of the major advantages of Bitcoin is that taxes for sales are not added onto any purchases.
Very Low Transaction Fees:
Standard wire transfers and foreign purchases typically involve fees and exchange costs. Since Bitcoin transactions have no intermediary institutions or government body involved, the costs of transacting are kept very low. This can be a major advantage for travelers. Additionally, any transfer in Bitcoins happens very quickly, eliminating the inconvenience of typical authorization requirements and wait periods.

50 suicides in 2 months due to study stress. AP and Telangana's shame. India mourns but is action being taken?

Activists say students cracking up under pressure to perform.Chandrababu Naidu tells college officials to set things in order.Experts say not only coaching centres but even parents are responsible ____________ Hyderabad: Samyuktha had scored 95 per cent in class 12 exams and joined a leading coaching institute in Hyderabad three months ago to get through the national medical exam. She wanted to be a doctor.

On Monday, she killed herself, leaving behind a note that talked about her inability to cope with her studies.


In the last two months alone, more than 50 students have reportedly committed suicide across Telangana and Andhra Pradesh. Child rights activists who have been tracking these cases link many of them to students cracking up under pressure to perform.

Ref https://www.ndtv.com/andhra-pradesh-news/50-suicides-in-60-days-dark-reality-of-andhra-telangana-coaching-centres-1764675?amp=1&akamai-rum=off

Bitcoin market cap now larger than Goldman Sachs and Morgan Stanley

Like it or not, Bitcoin now commands the trust of people as seen in its market cap surpassing leading banks. Was not even imagined by most of us. This might be a clear challenge to the different  central banks which control money across the world.
https://www.google.co.in/amp/s/www.cnbc.com/amp/2017/10/13/bitcoin-market-cap-bigger-than-goldman-sachs-and-morgan-stanley.html

Top reasons why companies manipulate their earnings

In an article by Albert Edwards, reasons are listed.

IT staff will shift to mostly non technical role in 5 years as per Gartner

"Net job creation or elimination will vary greatly by industry; some industries will experience overall job loss, some industries will experience net job loss for only a few years; and some industries, such as healthcare and education, will never experience net job loss."AI is the simulation of human intelligence processes by machines, especially computer systems. These processes include learning, reasoning, and self-correction. Applications of AI include expert systems, speech recognition and machine vision."AI will improve the productivity of many jobs, and used creatively, it has the potential to enrich people's careers, reimagine old tasks and create new industries," according to Gartner.'Sustainable pace'Daryl Plummer, vice-president and Gartner Fellow, said chief information officers needed to develop a pace that could be sustained "no matter what the future holds.""Technology-based innovation is arriving faster than most organisati…

Future of oil is bleak. By 2030, 95% of people may not own private cars which would wipe off the automobile industry

A futurist and clean energy expert, Toni Seba, has predicted that electric vehicles would destroy the global oil industry after a decade. By 2030, 95% of people won't own private cars which would wipe off the automobile industry, he says.

Boeing and JetBlue Airways have announced they would begin selling a hybrid-electric commuter aircraft by 2022. Planned by start-up Zunum Aero, the small plane would seat up to 12 passengers and reduce travel time and cost of trips under 1,600 km.

Ref http://auto.economictimes.indiatimes.com/amp/news/oil-and-lubes/the-future-of-oil-is-almost-here-and-it-doesnt-look-very-pretty/60972841

Hyderabad plans world’s largest technology incubator

KT Rama Rao, IT minister of Telangana, Hyderabad said  T-Hub provided aspiring entrepreneurs access to mentorship, investors, markets and governments. It gave start-ups an opportunity to dabble with the painstaking efforts that common man confronted and to come up with solutions. Asked to comment on the Centre's 'Startup India' initiative, Mr. Rao said the way forward for an initiative like that was to encourage children to innovate from a young age. Expose them to the pain of common man and ask them to come up with solutions. Just allocation of money was no answer.Earlier, Mr. Rao met industry and business leaders, notably Godrej group chairman Adi Godrej, Infosys executive vice-chairman Kris Gopalakrishnan, chairman and CEO of ReNew Power Sumant Sinha and LuLu group international chairman Yusuff Ali M.A.
Read more www.thehindu.com/news/cities/Hyderabad/t-hub-to-be-worlds-largest-technology-incubator-ktr/article19803438.ece/amp/

Example of gender equality in Islam- Brunei Leads APEC in Science and Tech Female Graduates

Almost half of the graduates are women, compared with 32% in the U.S.
Brunei leads the pack in Asia-Pacific for its high share of women graduates in science, technology, engineering and math. Almost half of the graduates are female, compared with just 32 percent in the U.S, according to a report published by the Asia-Pacific Economic Cooperation this week. The country of 417,200 people had fewer men than women among tertiary students as of 2015, with the ratio at 67 per 100 female students, according to the nation’s Key Indicators annual report.

https://www.bloomberg.com/news/articles/2017-09-29/brunei-leads-apec-in-science-and-tech-female-graduates