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The epic brain drain of India due to unfavorable policies surrounding new technologies.

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Hemant Singh – Mumbai Uncensored, 16th March 2022

Thousands of engineers, investors, and entrepreneurs are fleeing India because of the country’s hesitancy to embrace digital assets, as per the co-founder of the country’s most well-known crypto unicorn.

Sandeep Nailwal, the co-founder of polygon stated his concern over the migration of new talent from India to other countries due to restrictive and unfriendly policies that hinder the growth of any new technology or mind. Polygon operates as a solution Layer 2 protocol for the Ethereum blockchain system.

Since the Supreme Court reversed a central bank prohibition on digital tokens in 2020, India, which has an estimated 15 million active crypto users, has been in regulatory uncertainty. This year, the government announced a tax on cryptocurrency transactions without publicly stating that trading would not be prohibited, a move that highlighted the uncertainty & increased the confusion.

On Tuesday, Finance Minister Nirmala Sitharaman stated that they are still not sure whether to ban or regulate crypto. On the other hand, she stated that there is potential in this asset to generate revenue as the user base is huge: “Many Indians have seen a future in it, therefore I see a possibility for revenue in it,” she said. The government imposed a 30% tax on crypto when someone gains profit from it over 15 lakh rs. 

There was criticism regarding how someone can impose a tax on an asset when they have not formally accepted it or made it legal.

Nailwal moved to Dubai two years ago after co-founding Polygon in 2017. The emirate wants to be a crypto hub for the Middle East, much like it is for traditional financial services, and it passed a law regarding digital assets on Wednesday.

India has the huge potential to be a giant in the crypto universe.

“I want to live in India and promote the Web3 ecosystem,” Sandeep naiwal.

“But overall, the way the regulatory uncertainty is there and how big Polygon has become it doesn’t make sense for us or for any team to expose their protocols to local risks.”

India appears to have the potential to become a significant country in the crypto universe. The 1.4 billion population is youthful, with an expanding, well-educated middle class. As per Chainalysis, a blockchain research firm, this, along with a less established traditional banking system, has resulted in the world’s second-highest cryptocurrency rising adoption after Vietnam. According to research released in October by Chainalysis, overall crypto transactions increased by 641 percent between July 2020 and June 2021.

China was the only country to ban crypto last year, however, it was not a surprise given the non-democratic government it has, it won’t give power in hand to the people let alone provide them their money in their own hands. Also, China has plans to launch its own regulated CBCD.

Governments are strangled for long in fraud, scams, and hacks in the industry. Moreover, the rapid growth of these problems requires innovative solutions. Well-developed countries are now moving toward a more structured approach to regulation.

“Countries will keep losing new talent capabilities until the time they figure it out,” Nailwal said. “Crypto is very disruptive in the sense it has a potential not only to disrupt the concept of money but also the concept of government itself.”

Investors and entrepreneurs need more clarity. U.S president Joe Biden announced a new order in favor of crypto which resulted in an 11% bull run of bitcoin.

The thorn in the path of the cryptocurrency sector towards adaptation and growth.

Despite the fact that Indians are enthusiastic about digital assets and the government loots at them as possibilities for tax collection, the central bank continues to oppose the business. While it’s not rare that central banks oppose cryptocurrencies, still the criticism of crypto by the Reserve Bank of India has been particularly harsh.

Last month, Governor Shaktikanta Das compared cryptocurrencies to the 17th-century Dutch tulip market bubble, and his deputy claimed cryptocurrencies are similar to Ponzi schemes, endanger financial stability, and should be prohibited.

After India’s central bank blocked off crypto-related firms from the country’s payment network, Edul Patel, the co-founder of Mudrex, an automated digital asset trading platform sponsored by Y Combinator, opted to establish his company in the United States in 2019. In response, the Supreme Court ruled against the central bank.

Everyone serious about blockchain technologies are moving to places like Dubai, Patel said in an interview. 

The plus point about Dubai is its “sandbox approach,” something that India lacks for crypto, he added. 

Sandbox settings are frequently used by governments as a testing ground for potential but unproven financial technology. Patel also mentioned Dubai’s proximity to India and its open, transparent, and pro-creator taxation structure.

 Nitin Sharma, the Bengaluru-based founding partner of venture capital firm Antler, which plans to invest in Indian startups focused on blockchain and Web3 applications, stated “I’ve often heard the joke that Dubai is the best city in India,”  “And once you have well-known founders or startups move, it starts to attract many others, creating a community.”

Conclusion

Since the Ukraine Russia conflict, Some of us are blaming Indian students for leaving the country and calling their action as “doglapan”, while not noticing, why they are leaving? and why is there this huge brain drain going on? 

Ph.D. students complain about their professor not helping them with the articles and research papers they need to write, nor they are that friendly as compared to some foreign university professors. Source Quora

Tech startups are forced to move from the country thanks to the banks that can’t accept new payment methods and technologies that make them less efficient in fighting against corruption and black money.
We are not giving our plus ultra, but rusted by the comfort zone we were given by Sarkari Naukri, why put extra effort when we are secure in this traditional method while burning in brain drain, inflation, corruption, and online hacks.

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Aditya Bharti : Face behind GoCleaners and GoRealtors

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Khushi Thawani, Mumbai Uncensored, 18th January, 2023:

As Aristotle said, Excellence is not an act but a habit. It involves a lot of effort, tenacity, research, sacrifice, and, most importantly, passion for the task at hand. Although the founder of GoCleaners, Aditya Bharti, had never heard of this proverb, he was working on it as though it were his personal mission statement.

Initially, he didn’t launch with a significant setup. He also had no idea that what he was about to do in the home cleaning services industry would one day be so intrusive that it would upend some of the established businesses in hyperlocal markets. This is especially true given that he had modest beginning and lacked the high-end funding that his rivals did.

This business was founded by Aditya 1 and a half years back and he has already achieved wonders in the sector. He was later joined by two co-founders Anup and Shivam. Aditya was working at a real estate company at the time, and Anup was employed for the renowned Urban Company, a provider of home cleaning services. Shivam wasn’t working at the time. They weren’t your usual IITians or IIM grads who were surrounded by money and plethora of opportunities. But hey, they already knew that. They therefore already began looking for that initial pool of capital.

GoCleaners was Aditya’s idea; it was memorable and expressed exactly what they wanted to convey to any visitors to their website. They put together roughly Rs. 1 lakh and set out on their voyage, learning more about where life would lead them little by little. Aditya used to receive the orders, while Shivam and Anup used to deliver the jobs.

From Anup’s background, they were aware that although the businesses were benefitting from the services provided, the service providers who worked with them were not really pleased with their policies. The service providers frequently encountered a lack of collaboration between the personnel overseeing them, and had to pay for their credit in order to receive a work, and occasionally had to foot the bill for the chemicals. They had a lot of room to grow and explore in an untapped sector. Aditya and his team, like the majority of disruptors, struggled to keep up with the speed of funding needed because they were aware of the issue but lacked the resources to address it.

They were running out of labour, equipment, and chemicals on a regular basis. H “Many people came up with different psychologies and ideas but I was sure of what I had to do to execute and push things further ahead. I had a clear image built up in my head. I sincerely recommend anyone who wishes to start out on their own – first research the problem and start developing the best solution for it. Don’t jump in blind, your path will then be laden with unforeseen problems and under-researched quick fixes which is a sure-shot recipe for failure.”is parents were quite encouraging. In order to keep them back on course and make sure they didn’t veer off the course they had set for themselves, his mother loaned him every piece of jewellery she owned.

The encouragement from his mother worked. They got started in a way that established the bar for success. Anup and Shivam, the team’s co-founders, are joined by 16 other members so far, all of them are specialists who complete tasks. They have successfully impacted the important Mumbai suburbs of Andheri, Goregaon, and Vile Parle, among others, and receive a steady stream of orders from these areas, the majority of which are client references.

Aditya is aware that this is only the start. With such a strong team, they still have more benchmarks to reach, and Aditya hopes to create a unified platform for all varieties of professional services.

He acknowledges that the travel was a crucial period in his life and that it kept him inspired to continue. Every day was different; some were really productive, while others were the pits. To manage both the tasks and obligations of his profession, he first had to make adjustments to himself and his daily schedule. When Aditya thinks back today, he recalls the period when he had considered quitting school, but his friend Shivam and his family encouraged him, giving him hope that he might achieve his goal.

Aditya responds to the question, what is the one thing you remember doing that you realise was the most crucial step of your journey? replying “Many people came up with different psychologies and ideas but I was sure of what I had to do to execute and push things further ahead. I had a clear image built up in my head. I sincerely recommend anyone who wishes to start out on their own – first research the problem and start developing the best solution for it. Don’t jump in blind, your path will then be laden with unforeseen problems and under-researched quick fixes which is a sure-shot recipe for failure.”

Not only this the start-up king has invested himself in yet another idea called Go realtors, where he and his team help sellers, buyers and investors with the best possible tips and provide other services related to real estate, considering Aditya’s prior experience in the same sector. He seems unstoppable with the ideas and his ‘ace it all’ mindset.

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Anuraddha Singh launches a new collection of party dresses from her brand Throne of Medusas

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Mumbai Uncensored, 15th November 2022:

Throne of Medusas, a newly emerged fashion brand known for its exquisite craftsmanship and attention to detail, has just launched its latest collection of party dresses.

The new line, “Disco On Fire,” features a range of elegant and sophisticated dresses perfect for any special occasion. Made from the finest fabrics and adorned with delicate lace and intricate embroidery, these dresses are designed to make any woman feel like a true queen.

The collection includes two astonishing colours, Bleeding emerald and Sunkissed glitter which are available in a range of sizes to suit every body type. 

In a statement, the brand’s founder, Anuraddha Singh, said, “We are thrilled to introduce our new Disco On Fire collection, which captures the essence of femininity and strength. These dresses are perfect for the modern woman who wants to make a statement and feel confident and powerful.”

Throne of Medusas is known for its commitment to high-quality materials and ethical production, and its new collection is no exception. Each dress is crafted by skilled artisans using quality fabrics and advanced production techniques.

The new collection is available now on their website – www.throneofmedusas.com. Don’t miss out on the opportunity to elevate your wardrobe with these stunning and luxurious dresses.

For more information, visit the Throne of Medusas website or follow the brand on social media to stay up-to-date with their latest collections and special offers.

https://www.instagram.com/throneofmedusas/

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सर्वसामांन्याचे बजेट कोलमडणार, जीवनावश्यक वस्तूंवर ५ टक्के GST लागू

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Kalyani Gilbile, Mumbai Uncensored, 20th July 2022:

आजपासून जीवनावश्यक वस्तूंवर ५% जीएसटी लागू करण्याच्या सरकारच्या निर्णयांमुळे सर्वसामान्यांच्या खिशाला कात्री लागणार आहे. आधीच सर्वसामान्य माणूस महागाईने त्रस्त आहे, त्यात जीएसटी परिषदेने दैनंदिन जीवनात वापरल्या जाणाऱ्या अनेक वस्तूंवरील कर दर वाढवण्याचा निर्णय घेऊन सर्वसामान्यांच्या घरखर्चाचे गणित पूर्णपणे विघडवले आहे.

सीलबंद दही-दुधाला जीएसटीच्या अंतर्गत आणण्याचा निर्णय अर्थमंत्री निर्मला सीतारामन यांच्या अध्यक्षतेखाली झालेल्या जीएसटी परिषदेत घेण्यात आला होता, त्यानंतर या गोष्टीवर 5 % जीएसटी लागू करण्याचा निर्णय घेण्यात आला.

कोणत्या गोष्टी महागणार – 

तृणधान्ये, डाळींपासून ते दही, लस्सी, पनीर, गूळ, चिरमुरे, खांडसरी साखर अशा ब्रँड नसलेल्या खाद्यपदार्थांवर आता कर प्रणाली अंतर्गत कर ५% आकारला जाईल. याआधी केवळ ब्रँडेड वस्तूंवरच शुल्क आकारले जात होते.

सध्या शाई (प्रिटिंग व चित्रकलेसाठी वापरली जाणारी), चाकू, एलईडी दिवे, चित्रकलेचे साहित्य, पेन्सिल शार्पनर्स या वस्तूंवरील जीएसटी आता १२ % वरून १८ % झाली आहे. तसेच, सोलर वॉटर हिटरवर आता ५ % वरून १२ % जीएसटी आकारला जाणार आहे.   

त्याचवेळी रुग्णालयातील अतिदक्षता नसलेल्या खोल्यांचे एका दिवसांचे भाडे ५००० रुपयांपेक्षा अधिक असल्यास त्यावर ५ % जीएसटी लागू होणार आहे.

कोणत्या गोष्टी स्वस्त होणार –

ऑस्टोमी प्रकारच्या शस्त्रक्रियेच्या उपकरणांवरील जीएसटी १२ % वरून ५ % करण्यात येणार आहे.

ट्रक/मालवाहतूक भाड्याने जेथे इंधन खर्च समाविष्ट असेल तेथे 18% ऐवजी 12% इतका जीएसटी  कमी होईल.

विमानाने इकॉनॉमी क्लासमधून बागडोगरा ते ईशान्येकडील राज्यांच्या हवाई प्रवासावर जीएसटी माफ करण्यात आला आहे. तसेच, बॅटरीसह किंवा त्याशिवाय इलेक्ट्रिक वाहनांवर 5% जीएसटी आकारण्यात येणार आहे.

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