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Why Are Indians Always ‘Money-Centric’?

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Why Are Indians Always ‘Money-Centric’?

Nothing in this world is free. The Barter system was a simplified means of exchange until ‘Money’ came along in the form of paper currency and metal coins. In the modern-day, every good or service comes with a price tag. So, we understand that we need ‘money to live’. On the other hand, some are ‘living for money’. It is a fact and Indians are no exception to it.

There are various categories of such ‘money-centric’ people:

  • Spendthrifts;
  • Hoarders;
  • Misers

Anything ‘too much’ of the above categories is harmful to one’s survival. A Study by Hal Hershfield (Assistant Professor of Marketing at the University of California) found that people who can more vividly imagine their future enjoying a new house or a new car are better at saving. In short, money assists you to derive happiness from worldly things.

Money – a destructive power: Although the general public would put it, ‘money has the power to correct our past, drive our present and decide our future’, the importance received by it today is undoubtedly, destructive. Man has ended up admiring the ‘green buddy’, rather than spending time with loved ones. The breadwinners of most of the families have gone from being a ‘family man’ to a ‘businessman’. We may argue saying that ‘money is essential’. But, the real question to be addressed is, whether we acquire things out of ‘necessity’ or ‘greed’?

  • Indians being ‘money-centric.’

Our nation has left a mark in making history throughout the years. Indians have become obsessed with money. Despite implementing various Laws (like the Prevention of Money-laundering Act, 2002 and the Foreign Exchange Management Act, 1999) and other legal measures (like demonetization) to curb unlawful and unethical means of making money, Indians always managed to find a loophole and escape with the same. Finance is considered as a lifeline to any business. Even that is questioned today, considering the intention and motives of the person introducing finance to the business. When not handled properly, money can influence a person in ways, more than one.

Possible reasons for Indians to be ‘money-centric.’

  1. Lack of knowledge of ‘simple lifestyle’;
  2. Lack of knowledge of ‘proper utilization of money’;
  3. Demography;
  4. Corruption;
  5. Ignorance of education and health.

Social status

Some notable instances of Indians being ‘Money-Minded.’

  • Big fat Indian Weddings!

What a better place for a get together other than the Indian Wedding Ceremonies! Sadly, the main focus nowadays is on the show-off of money, rather than the union of two individuals and their families. The cost of holding an Indian wedding ceremony can range from six to ten lakhs, that significantly increases the average value of the wedding. Reportedly, every Indian spends one-fifth of his total accumulated wealth on his wedding. As of the current date, the most expensive Indian wedding was that of Isha Ambani and Anand Piramal in 2018, with the cost totalling to Rs. 724 crores.

  • Forming opinions about a person based on his bank balance

Money is required to survive and not to be judged by a fellow person. There is a well-known parable about the ‘teachers of the law’ and the ‘poor widow’. The teachers of the law made a big show when they were putting their gifts into the temple treasury. A poor widow, on the other hand, had only two copper coins in her possession, which she had put whole-heartedly. In today’s world, bank balance do not determine the character of a person. If you happily give what you have, then this act is considered excellent. Most of the Indians fail to do so and prefer to get associated with ‘like-banked’ people.

  • Dowry System

The practice of Dowry is illegal in India since 1961. This very practice leaves women weak and prone to domestic violence and in extreme cases, even death. A controversial incident had taken place in Kerala in May 2020, wherein a 25-year-old woman died of a cobra bite. The news reports state that post-marriage, there were problems between the late woman, her husband and in-laws over Dowry. Situations like these make us question whether marriages are based on ‘money and material things’, rather than ‘trust and understanding’.

  • Choosing a profession

Few of today’s children are encouraged by their parents to opt for a profession that will earn them humongous income, rather than pursuing their passion. Forcing children to venture into an area of no interest will produce not only poor results, but also present incapable professionals to the country, which further leads to non-productivity of the nation.

Latest scenario- Sushant Singh Rajput’s Case: Rhea Chakraborty’s Attempt at Money Laundering

Amidst the heated on-going murder case of the late Bollywood actor, Sushant Singh Rajput, the Enforcement Directorate (ED) has lodged a money laundering case against Rhea Chakraborty and her family members for allegedly spending Rs. 15 crores from the late actor’s bank account. It is also out in the open that she was misusing Sushant’s hard-earned money and credit cards. The public also started questioning how the actress was able to hire an expensive lawyer like Satish Maneshinde. The case is still in the process of being solved and identifying her motive for possibly misusing such a considerable amount of money.

Apart from being money-centric, there are several other attributes required in a human being. A proper control is to be kept over a person’s undying desire to keep on earning and then spending more than what is required. Most Indians are yet to understand what a ‘simple lifestyle’ actually is. All this makes us see that the lives experienced by the past generations was one of satisfaction. A close relative of mine had mentioned once that, ‘when you give excess food to a person, he will be content. But if you give excess money to a person, he can never be satisfied. He will be greedy for more’.

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All You Need To Know About National Institute Of Food Technology Entrepreneurship And Management Bill 2021

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National Institute Of Food Technology Entrepreneurship And Management Bill 2021

On July 26, 2021, Lok Sabha passed a bill under the ministry of Food Processing Industry. The bill is titled as National Institute of Food Technology Entrepreneurship and Management Bill, 2021. The main motive of this bill is to address issues with the Food Processing Industry, Entrepreneurship and one Institution for National Importance. With the passing of this bill, the Indian Institute of Food Processing Technology (IIFPT) and National Institute of Food Technology Entrepreneurship and Management (NIFTEM) is now merged as Institutions of National Importance, and it aims at providing various research and advancement in learning about the Food Industry and its associated branches. The bill was first introduced in the house in February 2019 but was pending due to protest by the opposition.

Significance of Institutions of National Importance (INI)

With the passing of this bill, the institutions enjoy greater autonomy through which they can carry out various courses, research attracting skilled faculties and students from all over the country and overseas. Good standards in education will be adopted to improve the present and future of education in this branch and sector, overcoming the technological gap in the country. This law aims to improve and introduce new changes in food, bio-nanotechnology, cold chain technology etc. The desired efforts will be taken in terms of human resources and infrastructure developments, labs for research etc. Liberty to open centres anywhere in India is also granted to INI and include courses regarding food technology certification and improving the workforce of the country.

Some other important features of this act are the Institution has been authorized with the Board of Government, Senate and other acting Authorities. The Council of Board will include 16 members from different branches from the same field. The Head will be Chairperson, who will be a skilled person from the Food Industry, the Director, Dean and Registrar. Members appointed from Centre and State Governments, Members from FSSAI and Council of Agriculture Research, as mentioned in the bill. The 16 members of the board will carry out work of taking administrative decisions, creating annual budgets and paths for institution progress as an organization, establishing departments, their appointment terms of services, faculties etc. The Board of Council also holds power to grant Honorary Degrees and Diplomas. The Senate shall be the principal academic body of the Institute, consisting of the people such as Director as the Chairperson; Registrar; Full-time skilled level Professor; and Three academically skilled Individuals nominated by the board from the field.

The Union Minister of Food Processing Industry, Mr Pashupati Kumar Paras, expressed his gratitude to PM Modi for this landmark step in this industry from his Twitter handle, indicating new opportunities in Food Technology Industries. Therefore, this Act looks promising on paper with new opportunities and in Educational Development. Amidst the Pegasus Spyware and repeal of the farm laws, this looks positive from the Modi Government.

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Fake News: Accountability Of News Organisations

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Fake News II News Aur Chai

Fake news is false news stories or hoaxes, which are deliberately released to misinform and to create chaos in society or among readers. Fake news is one of the main reasons behind the disruption of peace in society and it becomes more dangerous in volatile places. Fake news is generally shared with propaganda to mislead the audience by hiding or twisting the truth. However fake news isn’t new to the web, it recently became an enormous problem in today’s digital world. Fake news mostly comes from sites that are bogus or have sensationalized stories.

Most of the users do not check the facts before sharing the information on their social media, which can be a reason for widespread fake news. So, it is important to differentiate between fake news and authentic news to maintain harmony in society and to avoid false news and its repercussions.

Fake News Stories

  • On 2nd April, a team of doctors, health workers, and revenue officials were attacked by the family members of a 65-year-old man who died of COVID-19 in Indore, Madhya Pradesh because of the fake video which claimed that healthy Muslims were being injected with the virus, reiterating the risks and physical manifestations of misinformation.
  • On March 22, 2020, Mr. Modi’s new term ‘Janta curfew’ has sparked a buzz on the Internet. Social media users started interpreting PM Modi’s concept of ‘Janta curfew’ in their own ways. Social media was flooded with a certain ‘scientific explanation’ behind the curfew as to how it will break the chain of transmissions of the deadly coronavirus infection. The claim was found out to be misleading. PM Modi, while announcing the curfew, didn’t mention this particular ‘scientific’ logic behind it.
  • Rumours were circulated on WhatsApp groups about a kidnapping gang operating in India’s western state of Maharashtra in 2018. The rumors eventually cause a mob lynching, that killed five migrant workers because they were suspected of being kidnappers.
  • On November 13, 2016, when the government of India has demonetized Rs 500 and Rs 1000 notes and planned to replace them with new Rs 500 and Rs 2000 notes, rumors were spreading about Rs 2000 notes. Rumors claimed the new higher denomination currency comes with a Nano-GPS chip which acts as a reflector, giving precise location coordinates of the currency to permit every note to be tracked. However, the RBI officials had dismissed these as false and said the new Rs 2000 note does not have a Nano-GPS chip as is being claimed on social media, WhatsApp.
  • In the pandemic situation, where vaccination has become crucial, in a series of viral videos it was seen that people are claiming that magnet was attracted to the arms of alleged COVID-19 vaccinated recipients. This kind of fake news can create misconceptions about vaccines and people may not take their jab of vaccines. The Centre has declined the claims that Covid-19 vaccines can make people ‘magnetic’. It has also dismissed theories about microchips in coronavirus vaccines.

Need of Accountability

False information on social media can cause huge problems. It is often done to influence political processes. Need for Accountability increases in such situations because the false information provided by certain news organizations can create a ruckus in society. Before publishing the news, it is necessary to check the facts.

If the news organizations, shared misinformation unintentionally they must remove the content right away and they should apologize to the readers. If fake news is spread with propaganda to create chaos in society, then the news organization should be punished under the law. The information must be checked before sharing it with other people.

 

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Curious Case Of Pegasus: Explained

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Pegasus II News Aur Chai

Pegasus is a spyware that can hack the victims’ mobile phones and read their SMS messages and emails. The Pegasus spyware is owned by an Israeli software company named NSO Group. According to the various reports, this company has targeted more than 50,000 phone numbers at the Global level, of which 300 are in India for surveillance.

The news broke out after the 17 media partners investigated. This investigation brought into the picture information about a leaked database of mobile telephone numbers of Indian Ministers, Opposition leaders, journalists, the legal community, business people, government officials, scientists, activists and many influential personalities of the nation.

Pegasus Spyware and India

According to the report by the agency, the Israeli company which sells Pegasus around the world says that its clients are confined to ‘vetted governments”, believed to number 36. The NSO Group also says that ‘the target list in India is not ours, never was.’ Their refusal of the leaked database has created a loophole in understanding this case.

This whole case has violated the integrity of democratic institutions. According to the report by the agencies, after the mobile phones of the opposition leader Rahul Gandhi and various other leaders were hacked under the Pegasus spyware surveillance. Multiple tweets were made against the Bharatiya Janata Party(BJP) government in India. This whole case has become one of the major threats in the political arena and the Indian Democracy.

Though at the start, it was used for national security purposes. The explosive expansion of surveillance technology vendors has become a vast human rights and a global security issue. If such surveillance technologies increase, it might cause a lot of problems to countries around the globe. Hence, as a precaution, all these countries need to work on regulating this technology.

According to the reports by the agency, one of the targeted phones by the Pegasus spyware was of the former election commissioner of India, Ashok Lavasa. Various such people and such opposition leaders were somehow against the BJP government having their phones hacked with the NSO-owned spyware. All these instances and the names in the leaked list have pointed figures towards the Modi Government.

The Modi government’s stand on this case was put forward in Lok Sabha by two serving ministers, Ashwini Vaishnaw and Prahlad Singh Patel. These two leaders were also featured in the leaked database. The recent Information Technology Minister, Ashwini Vaishnaw defended the BJP government in the parliament by saying, “the expose was an attempt to malign Indian democracy and its well-established institutions.” She even said, ‘any form of illegal surveillance is not possible with the checks and balances in our laws and robust institutions.’

This case has adjourned the parliament proceedings due to the protests inside and outside the house of parliament by the opposition party.

Pegasus Spyware and World.

 In the statement given to the agency, Access Now, an organisation defending the digital rights of global users, said it was outraged that products sold by NSO were allegedly “used to hack and invade the private communications” of thousands of people across the globe.

At a global level, France’s Emmanuel Macron was targeted in the Pegasus spyware case. As the phone of French President Emmanuel Macron was hacked, the investigation was carried out and later on was published which was directed by the Paris-based non-profit journalism group Forbidden.  After this case came in front of the whole world, the Pegasus spyware surveillance came into the picture.

If this continues for some more time, it will ruin India’s Democratic values at a global level. As well as this might become a huge technological threat between the different nations around the globe.

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