Friends, while going through the newspaper one item which caught my eye was “ Government tells Banks to speed up IBC resolutions”. To date, I have not heard about what are IBC resolutions. This led to research on this subject. What is IBC? IBC means The Insolvency and Bankruptcy Code (IBC), which is a comprehensive legal framework in India that provides a time-bound process for the resolution of insolvency for individuals, companies, and the other entities. The IBC allows for the initiation of insolvency proceedings by creditors or the entity itself. Also the appointment of an insolvency resolution professional to manage the assets of the entity during the resolution process. History of IBC The history of IBC in India dates back to the early 2000s. When the need for a comprehensive legal framework for insolvency resolution became increasingly clear. In 2005, the Indian government established a committee to examine the…
Category: Daily Happenings Blog
Daily Happenings Blog
Irritable Bowel Syndrome
Often, we complain about some abdominal pains or cramps, constipation, some loose motion, or some unexplained catches in the body. This is more so as we Indians keep eating more masala based or fried foods. We also have heavy meals more often owing to festivals and get-togethers. Hence, these symptoms of pain, gas, bloating, constipation, etc., are easy to be blamed or gas. Since we also feel better in day or two, we do not pay much attention to it till the next occurrence. It also helps that most people around you may also be complaining about the same issue on and off. However, if we find these symptoms occurring as a pattern and find any of these occur a bit more than they should, perhaps it’s time to visit a doctor. You should also specifically watch out for change in bowel habits or blood in stools or change of…
SIP and Lumpsum
We have often heard and read the tagline in the ads that “ Mutual Fund investments are subject to market risks”. Unfortunately, when we think of investing, such catchphrases sow some doubts in our minds. Often, we wish we had some personal investment advisor who understood our investment profile and suggested accordingly. Yet, even we do not know what our investment profile is at times. What is an investment profile? The investment path a person should choose is quite a unique and individualistic one. It depends upon many factors like your current income and expenditures, savings, the amount of spare money in hand, your risk appetite, and financial goals (long term or short term etc.). Each of these factors differs for all individuals. For example, while some invest to augment the income, others may do so for reaping from the money in hand. The financial goal for each person may…
Kanwar Yatra
Friends, for the last few days one news item in media has been getting attention, which is of KANWAR YATRA. The pilgrimage derives its name from a sacred water-carrying apparatus, called Kanwar, and while the source of water is often the Ganga River, it can also be its local equivalents. The offering is dedicated to Shiva, often addressed as Bhola (innocent) or Blole Baba(innocent saint). The Kanwar Yatra originates from Kumbhnagri Haridwar. Millions of Shiva devotees participate in this annual pilgrimage in Hindu month of Sawan, carrying Kanwars to collect water from Ganga. Presently, the Kanwar pilgrimage is growing year by year, and it has been estimated that that 10 to 12 million participants take part in this annual event. The devotees come from the surrounding states of Delhi, Uttar Pradesh, Haryana, Rajasthan, Punjab, Bihar and some from Jharkhand, Chhattisgarh, Odisha, and Madhya Pradesh. As per Indian ancient history, Kanwar…
Winning Streak-Grand Slam Finals
In this weekend’s blog, I am still on the game of Tennis. Wimbledon Grand Slam tournament just got concluded few days back, and in the men’s section Carlos Alcaraz defeated Novak Djikovic in the finals. With this triumph, Alcaraz joined an illustrious list of players with remarkable winning streaks in Grand Slam Finals. A few champions in the Open Era have created incredible records at the highest echelons of tennis, like stitching together an unbeaten run in Major finals. Let us take a look at five players with the longest winning streaks in Grand Slam finals: 5 Carloas Alcaraz (Spain) He is the latest entrant on this list, having won four Grand Slams titles on the trot. He reached his first ever final at a Major at the 2022 US Open, where he beat Casper Rudd 6-4, 2-6, 7-6, 6-3 and won his first Grand Slam title. This was followed…
IAS Trainee- Controversy
There are many young people who aspire for government jobs, and for getting those jobs they appear for many competitive examinations so that they can government jobs. The most lucrative among these jobs are in these fields – The Indian Administrative Services (IAS), The Indian Police Services (IPS) and The Indian Foreign Services (IFS). The entrance exams are conducted by the Union Public Service Commission (UPSC) to get into these services. Many aspirants sometimes use unfair methods to clear them and come in the top ranks. As there are different kinds of reservations for these jobs , and the categories are quotas for OBC, SC/ST, Handicapped persons etc. Many aspirants go through this quota route, and here sometimes unfair means are also used. Friends, for the last few days there is news in the media regarding one probationary IAS officer Ms Puja Khedkar. She secured a rank of 821 in…
Air Pollution Can Lead to Diabetes
According to Air Quality Life Index (AQLI), India is the second most polluted country in the world. It seems that the fine particulate air pollution (PM2.5) shortens the life expectancy of Indians by 5.3 years on average. It’s worse in some regions, for example, in Delhi, it reduces the life expectancy by 11.9 years. Friends, you must have read news reports on how air pollution index in Delhi goes up, especially during the winter, causing health havoc to many. Air pollution causes eye issues, lung issues, asthma incidences , etc. But unknown to us, it also causes diabetes, according to many studies. Decoding the link between Air Pollution and Diabetes: The air contains many varieties of pollutants like PM2.5, NO2 (Nitrogen Dioxide) and PM10. A recent study conducted in Delhi and Chennai found that when people inhale polluted air, their blood sugar levels can rise, and people develop Type 2…
Changing Times
In the present times, technology is changing very fast, what is relevant today may not be after a few years. So if you are not adapting to the changing times, you will be left behind. Here are a few examples of CHANGING TIMES: In the year 1998, Kodak had a employee strength of approx 1,70,000, and company was controlling the supply of 85% of word’s photographic paper. Within few years Digital photography kicked them out of the market, as Kodak did not switched to digital photography business, and all the employees were rendered jobless. HMT watch, Bajaj Scooter, Murphy Radio, Nokia Mobile, Ambassador Car, Rajdoot Bikes were very good products, they were left behind because they did not change with the times. Can you imagine in the next 10 years full world is going to change, as 70-90% of present businesses will go out of the business, welcome to 4th…
Vitamin D Power-Seniors
Last week I had written about Vitamin D deficiency. This deficiency of Vitamin D is very much prevalent in India, especially among children and aged people, and more so in women. With age, the bones and muscle weaken. Vitamin B deficiency in the body can contribute to issues like osteoporosis, fractures, cancer, diabetes, arthritis etc. Vitamin D is essential for overall good health as it helps with improved cognition and higher immunity with lesser chances of antibiotic dependence. In today’s blog I am writing about “The Power of Vitamin D for Seniors”. Sunlight happens to be the primary source of Vitamin D for us. But if we do not spend enough time in the sun, then the deficiency can occur, as there are only few foods like cod liver oil, salmon, tuna, soy milk, and eggs that provide and are good source of Vitamin D. Doctors prescribe Vitamin D supplements…
Classic Old Comedy Serials
Be it comedy movies or comedy TV shows, the 1990s and early 2000s were the golden periods of clean humour. Today’s comedy movies and shows (like Comedy Nights with Kapil, The Kapil Sharma Show, etc.) function on problematic & regressive themes under the disguise of humour. The era of the ’90s and early 2000s was completely different. Unlike today, the shows and movies of that era did not rely on sexiest & regressive jokes. Here is the list of best Old Hindi Comedy TV serials from that era which are timeless and insanely hilarious. 1 Dekh Bhai Dekh The top of the list of Best old Hindi Comedy TV serials is Dekh Bhai Dekh. It was one of the most popular comedy shows on Indian TV in the ‘90s. Every character of the Diwan family was uniqe, and made us fall in love with them. From Shekhar Suman, Navin Nischal,…