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I’m feeling entrepreneurial. Let’s disrupt LCD’s.
submitted by neon_musk to eink [link] [comments]
Below, I’m inviting conversations and exchanging ideas about a new post-COVID approach to eink product development, sales and marketing that would have more success than current players had in the past.. for our holy grail of volume sales towards price reduction. Overview of my premise is:
- Storytelling mindset of new market-creation is needed to re-entice VC's, which needs grassroots community co-creation to take off not central masterminding;
- More nuanced execution tactics like segmentation, targeting of users/needs and influencer-channel-based GTMi’s (go-to-market initiatives);
- Recycling/integrating/assembling existing IP/tech out there into a turnkey interoperable system out of the box, to pump money into marketing not new risky R&D;
If you have thoughts please share here, or if you think it’s sound and like to be more involved in advancing this DM me and we can round each other up for a virtual chitchat!
A BRAZEN MANIFESTO FOR THE E-INKREDIBLES
The following is for the big dreamers only: don’t read on if you think audacity is pointless in the current state of the world. Want healthier futures through affordable e-ink everywhere? It’s not an idealistic utopian fantasy… it’s pragmatic and protopian to bring this bold change about. With all this time on our hands holed in at home, I can’t help feeling, let’s roll up our sleeves and build it together!!
If you’re among the league of 1,000 extraordinaries on this subreddit, you know LCD light is addictive — keeping humanity more passively glued to the net and shows and games and apps and software than it needs to like undead moths to a flame (got any lampssssss?). But I’ve been gauging the sentiment on here and gathered that there’s a sort of apathy and pacifism that’s set in among redditors and techies in general about the commercial feasibility of e-ink screens as a mass-market alternative to LCD ones
. Add to that the decision by major Chinese PC makers and big name smartphone vendors to scrap their e-ink plans due to high costs and small market, plus the collusion by U.S. titans in the integrated digital industry (media+computing like Apple/AppleTV, Microsoft/MSNBC, etc) to ensure their investment in LCD dominance persists (through funding countless clinical papers demonstrating their medical safety in contradiction to all the anecdotal cases of power-users who developed vision/cerebral problems) — it’s no wonder all this is continuously shooting down the mojo of anyone who gets a spark of inspiration to tackle this. If I’m writing this to/for anyone, it’s for those few of you who have been toying with the idea of releasing another e-ink product. PLEASE don’t think small; e-ink is not a get-rich-quick or even worthwhile side-hustle:
Let’s park readers/tablets/smartphones on the backburner for a moment and zoom in on computer display monitors
for the sake of example**.** Heck, [Onyx aside because their Boox was intended as a tablet really] the guy behind the Dasung indiegogo pressed through with it, and it turned out fairly well. Now you have Waveshare jumping on the bandwagon, but they, like Dasung, are at the end of the day commodity-boxmoving hobbyist-supply assemblers who are growing organically = very slowly. They are giving US few trailblazers here an option, but what is needed is something VISIONARY and EPIC for David to beat Goliath and give us, our kids, and generations of ignorant screenaholics out there an accessible, affordable, sustainable casemaker for accelerated e-ink R&D innovation. Something like the Freewriter but for general desktop/laptop computing, already itself a shrinking market as it is even with LCD’s.
So alas, it will never make financial RoI-sense for someone to take the electronics-peddler approach to introduce yet another eink computer monitor. The silver lining? All it takes is 1 capable TEAM to make a startup-style bet by CREATING THE MARKET
(which CURRENTLY is "too small”): dropping a product cool enough to trend so that the masses start educating each other about it. This is textbook BLUE OCEAN STRATEGY. And it can be done using other people’s money to reduce personal risk, if a V.C. is wowed enough with a compelling story to pump enough marketing-budget-oxygen into this to make it go just barely viral enough to tip. The big VC-for-the-exit-multiples approach is needed… VC’s hate risk but they accept it betting on 10 horses for 1 to morph into a unicorn, knowing 9 donkeys will crash and burn miserably.
I can’t say that this would be a $1B company today, in a time when entire economies are at the verge of collapsing due to COVID-19. But I’m in 100% conviction this can generate $10M in 5 years, $100M in ten, because the market IS there, its personas just haven’t been reached and talked to in the right way:
- PROGRESSIVE CORPORATES segment. There are at least 100,000 FTE’s in edge-pushing white-collar companies & big NGOs shifting to remote homeworking in the next years needing a procurement of new I.T. gear whose bosses can be taught that LCD screens lead to fatigue and that giving employees a fancy-ass machine [that can display HD video ends up used for personal YouTubing] reduces productivity and increases sick-leave. Unless you’re a media house or other creative studio, LCD is of no advantage over Eink whatsoever for your bank tellers, government data entry clerks, etc who just need email, CRM/ERP, word-processing/spreadsheets, and the occasional Googling for something. Productivity will jump for such companies because employees will regain sapped energy. Yes an Eink setup is too pricey for penny-pinching CFO's today when consumerist economics itself is at the brink, but pre-sell the concept on basis of a TCO comparison (Total Cost of Ownership analysis that factors HR costs vs the status-quo) and the bulk contract will create the guaranteed volume for factory lines to produce in mass, bringing the price down. Even without big companies coming in early, the long tail of startups and small businesses run by employers who want the best for their talent will carry the day.
- MEDICAL PATIENTS segment. Sure, optometrists/opthalmologists/neurologists today would not prescribe switching to an eink computing setup for anyone. But produce the compelling collateral for it as a medical device for those with a named medical condition and get it certified as such by a testing body, and develop relationships with a few leading doctors in relevant specialties then INCENTIVIZE them (pharma drug companies do it indirectly despite all the stated ethics schpeel by doctors denying it, so why can’t we?)… and just watch every single person who gets glasses or eye pressure drops to also be referred to us. Don’t underestimate shrewd doctors’ abilities to make the case for insurers to underwrite such a claim in their reports, which is where the real money comes in. Even if this assumption fails to get traction early within the white-coat healthcare system, there are enough fringe integrative/naturopathic practitioners who are already anti-EM-radiation and would jump on this for their patients
- SYNTAX CREATORS segment. Here we’re talking about the nightowl written-content generators that first come to mind usually as possible adopters of eink screens: back-end coders / programmers, bloggers/bookwriters/copy-editors, conscious solopreneurs/inventors, and academics/teachers/students. But I put these last because I consider these our secondary market... since such focused creatives with a culture of knowledge exchange — learning and sharing at the same time — are not only few and far between, but because I see them as more useful to furthering our aim when seen as as a CHANNEL as much as they are a market. They need to be supported, invested in, since they are a golden RTM (route-to-market) as affiliates, endorsers, ambassadors, testimonial/review providers, and beta-testers/feedback-givers.
I don’t know yet exactly what such a product would look like.. a next-gen screen alone, or one built in with its own proprietary built-from-the-ground-up optimized OS for eink with its own platform ecosystem/eink-apps, or a Holy Trinity of computetablet/smartphone like the PureOS Libre is doing in the Linux world. Even if we have to hedge and bail early on the idea (because I don’t see this as changing the world Steve Jobs style), we would have made enough noise, bent a big enough dent, carved enough of a slice of our own, to make a blip on the radar and get acquired by a major maker that would perpetuate the support and maintenance and scale it further with its distribution force. What next????
I for one am going to put my time where my mouth is and advance this along to the extent the community wants it to happen = from my experience, impact doesn’t happen in isolation. That’s why I’m not doing this as a ’stealth’ startup…. in case you were wondering why would I disclose all these competitive business planning tactics that can be taken by anyone publicly here without fear of an idea being stolen. In this high-stakes I.P. long game, in the moonshot that it succeeds, there will be enough room for literally everyone on here to benefit in so many unimaginable ways, plenty of opportunity to go around. If it fails, at least we will have had the experience and camaraderie and friendships gained along the journey. No single maverick wheeler-and-dealer who tries to mastermind this alone will ultimately crack this complex problem. It needs convening diverse brains who are passionate about e-ink (namely, YOU here my eink
fellows) and orchestrating global concerted action along one disciplined startup-methodology or another.
If you’ve read this far, your commentary, discussion is REALLY valued. So are your upvotes of this post if you think it’s an idea worthy of deliberation and consideration by others, if not your well-wishes. But what I’m really after is would-be co-founders, board directors/advisors, and volunteers … real proponents of it. There’s no free rides, but the more people the movement for this musters the less time it would take from each of us to contribute to casually until we get angel funding to eventually replace part-time or full-time dayjobs. I’m an honest, fair, and just person and I’m not a stickler about leadership, I would even cede my being central to this idea if someone more fit than me to be its CEO steps forward, but it’s too early for titles/roles. I just now want to bring the right heads together, hop on a zoom call, and let the magic happen… stewarding it and adding value. In my case things like Silicon Valley VC contacts and worldwide Incubator relationships + with would-be funders, startup coaching/mentorship, a decade of Tier 1 enterprise software+hardware selling experience in 60+ countries, and marketing/storytelling gusto. Someone else might have the hat/archetype of tinkerer and come up with the industrial design, or the mock-ups, or the prototype, the schematic, handle social media/web/landing-page etc etc etc. So if you’re REALLY in, I want to get your 100-word bio in a direct message, what you could see yourself doing, and why you’re keen on it
... and I'll reply back with more about me and how we can hop online to take it forward . There are countless lean virtual tools for us to stay on track together, from the Aragon DAO to escrow services and freelancing platforms to term-sheet generators and project-management/task managers.
World ending or not, let’s build the e-ink future we want. P.s. For the record no, I am not Elon.
Reliable Ways To Make Money On The Internet
submitted by galeanders to Howwemakemoneyonline [link] [comments]
Become a freelancer What is sometimes referred to as an irreverent hourly invoice is in reality a great way to earn money via the internet. In the meantime, there are even many employers who do not mind if you carry out your work remotely. Don't have a skill that you can perform online and remotely? You can learn to become a copywriter, but there are of course plenty of other specialties that lend themselves to freelancing: programmer, virtual assistant, web designer, accountant , and so on.
Become an online coach If you are an expert in a certain transferable skill such as writing, productivity, but also a physical form of training or sport, consider transferring your knowledge to others through a coaching program or individual coaching sessions. If you are a psychologist, therapist or addiction expert, you can also offer your service in this way. The difference between 'coach' and 'therapist' (both broadly speaking) is: A coach helps a person to become better at a certain skill and does not always have qualifications in training itself outside the skill that is transferred. A therapist helps a person to deal with emotions, other people and situations (from the past) and is often formally trained and can demonstrate this. The way in which you earn money as a coach or therapist is, for example, by: € 150 - € 1,500 per month as a copywriting coach for a weekly Skype meeting and giving and checking homework € 75 per Skype session of 60 minutes to be asked as a psychologist € 100 per month as a remote personal trainer and daily reminders send via Whatsapp or SMS and call weekly to discuss progress You can offer your services via:
You can also offer your services in this way as a (business) consultant or advisor.
- All kinds of freelance websites , although I don't think this is very effective
- The platform intended for this: Coach.me On this platform, coaches offer their services and private individuals can find a coach for anything and everything (Mindfulness, productivity, finances, etc.)
- Your own website and blog I highly recommend this option because you can keep a 100% margin , set your own price and position yourself as an expert on your own website, without being one of the thousands.
Earn commission (with affiliate marketing) Webshops, travel organizations, insurers and many more parties pay your commission if you receive a quotation request or sale. Affiliate networks such as clickbank you quickly find partners in the relevant categories. By the way, you don't need a website to get people to click on affiliate links. For example, you can review products or services on YouTube and encourage viewers to click through to the provider's site. Or create a list of email addresses and email an offer or review. The affiliate marketing revolution course takes a closer look at this.
Sell products with dropshipping With dropshipping you are a trader with, for example, a webshop where orders come in. As soon as an order arrives, it is (automatically) passed on to the supplier who takes care of the handling and shipping of the product. If contact with the customer is required, the supplier often arranges this, but this depends on the appointment you made as a dropshipper with the supplier. The customer pays the dropshipper and the dropshipper pays the supplier. A big advantage of dropshipping is that you do not have to make any investments yourself and you do not have to have any stock. Therefore, there is little risk. Your only job is actually to bring in new customers. What is the difference between affiliate marketing and dropshipping? Dropshipping is similar to, but different from, affiliate marketing. The big difference is that in affiliate marketing you send the customer to the supplier and therefore do not receive contact details or payment from the customer. However, you do not have to pay the supplier and you will be paid in commission for every customer that you forward. Affiliate marketing is therefore even more accessible, because you will never have anything to do with the customer.
Play online poker No Limit Texas Hold'em My first big (well, it was a lot) online money I made with poker. No Limit Texas Hold'em poker is a game that is often seen as a game of chance and certainly has a chance element, but is actually a skill game. If you are better than the players at the price level you are playing on and keep playing well, for example with the help of certain support programs, then you can make a lot of profit from it. For example, I played on Pokerstars and used PokerOffice as statistics software and TableNinja for hotkeys. However, there are 3 main reasons why I recommend you not to pursue a career as an online poker player. Read more in this article >>>
Become a daytrader Day traders are people who buy stocks or options during the day and try to sell them at a profit before the end of the day. They do this via a trading platform of their stockbroker, a specialized trading software company or via a platform that they have developed for this themselves. To do this successfully they need multiple monitors and a very fast internet connection to immediately see and seize opportunities that pass by. How do they make money? The most common strategy is for these traders to grab a stock, index (a specific part of the stock market) or currency that is volatile enough. This means that the price fluctuates quite a bit and that chances are that if you buy when an object is at its lowest point in its usual fluctuation, it will quickly peak again. There is of course no guarantee for that, but there are mathematical models with which you can calculate the probability that a share will reach a certain price within a certain period. If according to such a model the investment is favorable, then you buy that object (share, currency, index, etc.). You sell this as soon as the price has gone up again. Day traders do not do this with large price shifts, but really with small percentages, but on a large scale. For example, they may invest € 10,000 and earn € 100 one day because the share has increased in value by 1% that day. However, traders often go long or short with a particular object, which allows them to leverage. This means that they enter, for example, a 5: 1 payout structure for the increase in value (long) or decrease (short) of a certain share. If this prediction is correct and they cash out, the € 10,000 they have invested is considered to be € 50,000. That is the leverage effect. The disadvantage of this is that if the price of the object falls below or above (depending on whether you go long or short), you lose your entire investment. Are you considering becoming a day trader? Think again.
“10% of the day traders are successful. You could say that other 90% pays for that 10% ” You need a lot of knowledge, discipline and analytical skills to trade profitably. You should also be able to completely leave your emotions and ego out. As soon as you start trading emotionally, you will lose, just like with poker. Many people overestimate themselves and their own skills. You may get away with that in other fields, but not in day trading. You will sooner or later be the spool. If you want to know more about investing, check out this link
Build your own software This option is not for everyone and is by far the hardest way to make money online, especially if you are just starting out and have no technical skills. Also, this is often an expensive option and one that involves (and continues to bring) a lot of work. That said, it may be one of the most lucrative options. Here are some examples of companies (that often started as sole proprietorships) that have released successful software in the internet marketing market:
As you can see, 4 of these 5 examples are priced at $ 99 per month. This is not a coincidence. This is a very nice earnings model because you can accurately predict how much money will come in the next month. You know, in the worst case scenario, you will lose 5% of your customers per month (there are models for this) and that if you have 10,000 paying users, you will receive about $ 1 million in cash the next month. If you offer software against a monthly revenue model, then you only need to focus on improving 2 figures:
- https://ahrefs.com/ (SEO tool for backlink and competition analysis, $ 99 p / m /)
- https://www.leadpages.net/ (Landingpage builder $ 25 p / m)
- https://moz.com/ (SEO tool for eg backlink analysis $ 99 p / m)
- https://www.crazyegg.com/ (Website analysis tool $ 99 p / m)
- https://www.semrush.com/ (SEO tool for competition analysis $ 99.95 p / m)
Make sure your churn is as low as possible through a good onboarding process. This means that you do everything to ensure that your customers actually use your software and get value from it. Only in this way will they remain members in the long term.
- the churn rate: how many people stop their membership per month?
- the number of new customers you acquire per month
Publish books Writing or having books written and then publishing them means that you earn passive income : you invest your time once and afterwards you can become dormant, so to speak. On this page you can read how André went from $ 200 to almost $ 1000 per month in ebook royalties within six months. Stores where you can publish ebooks include those from iBooks, Barnes & Noble and Bol.com and Amazon Kindle Store.
Create an online course To create a video course you will need:
- Camera Gear
- A good microphone
- Video editing software I can really recommend this microphone from RØDE Microphones
- Adequate lights / natural light
- Learning environment to use the videos
- A planning
- Very valuable content to share
Membership site Positive Psychology Program In my personal experience, having a membership site is the finest revenue model there is. I have probably made money in more than 50 different ways during my life (no, not that way, dirty butt) until I finally ended up creating a membership site: Positive Psychology Program. Now that I get recurring income from it, just like with the revenue model of the software, it is a matter of bringing in more people and ensuring that they stay as long as possible. My business partner builds our information product and ensures that existing members commit to us and I ensure that as many new members as possible are added. This is how we guarantee the growth of our business. A very common way to create value is to offer information products in an online environment (built with, for example, Wishlist or Woocommerce subscriptions if you work with WordPress). Then consider:
- online training
- single videos or webinars
- or exercises
Complete Guide to All r/neoliberal Flair Personalities [A-I]
submitted by learnactreform to neoliberal [link] [comments]
I spent most of my free time this week compiling a short bio for every neoliberal
flair personality. I hope it can serve as a quick reference guide to learn about the awesome efforts of the public servants and great thinkers that this sub respects, and to see what personalities your fellow Neoliberal Redditors gravitate to.
Unfortunately, post character limit is 40k, so I will have to break this into multiple posts linked here:
However, I am just one person and this project was a larger undertaking than I expected. I'm sure there are entries with errors, misrepresentations, or important missing details (despite my absolute best attempts to be as accurate as possible without bias). Please help me correct these; I am more than happy to keep this document up to date!
1961 – Present Born: India Resides: United States
· Indian American economist who is currently the Ford Foundation International Professor of Economics at Massachusetts Institute of Technology. Banerjee shared the 2019 Nobel Memorial Prize in Economic Sciences with Esther Duflo and Michael Kremer "for their experimental approach to alleviating global poverty". In 2014, he received the Bernhard-Harms-Prize from the Kiel Institute for the World Economy.
· Co-founder of Abdul Latif Jameel Poverty Action Lab, a global research center working to reduce poverty by ensuring that policy is informed by scientific evidence. Banerjee and his co-workers try to measure the effectiveness of actions (such as government programmes) in improving people's lives. For this, they use randomized controlled trials, similar to clinical trials in medical research. “We must arm ourselves with patience and wisdom and listen to the poor what they want. This is the best way to avoid the trap of ignorance, ideology and inertia on our side.”
Abiy Ahmed (Abiy Ahmed Ali)
1977 – Present Born: Ethiopia Resides: Ethiopia
· Prime Minister of the Federal Democratic Republic of Ethiopia. Abiy has launched a wide program of political and economic reforms, and worked to broker peace deals in Eritrea, South Sudan, and a transition agreement in the Republic of the Sudan. Abiy's government has presided over the release of thousands of political prisoners from Ethiopian jails and the rapid opening of the country's political landscape.
· 2019 Nobel Peace Prize for his work in ending the 20-year post-war territorial stalemate between Ethiopia and Eritrea.
· Numerous Peace and Humanitarian awards from APCAfrica, UNESCO, African Union, African Artists Peace Initiative, and Ugandan ‘Most Excellent Order of the Pearl of Africa’. In 2018, he was given a special "peace and reconciliation" award by the Ethiopian Church for his work in reconciliating rival factions within the church. “Love always wins. Killing others is a defeat, to those who tried to divide us, I want to tell you that you have not succeeded.”
1723 – 1790 Born: Scotland Died: Scotland
· Key economist and philosopher during the Scottish Enlightenment who earned the designations 'The Father of Economics' and ''The Father of Capitalism' for laying the foundations of classical free market economic theory.
· Notable famous works include books ‘The Wealth of Nations’ and “The Theory of Moral Sentiments’. ‘The Wealth of Nations’ was a precursor to the modern academic discipline of economics. In this and other works, he developed the concept of division of labor and expounded upon how rational self-interest and competition can lead to economic prosperity.
· Smith critically examined the moral thinking of his time, and suggested that conscience arises from dynamic and interactive social relationships through which people seek "mutual sympathy of sentiments." His ‘Theory of Moral Sentiments’ aims explain the source of mankind's ability to form moral judgment, given that people begin life with no moral sentiments at all.
· Disagreement exists between classical and neoclassical economists about the central message of Smith's most influential work. Neoclassical economists emphasise Smith's “invisible hand”, a concept which describes the unintended social benefits of an individual's self-interested actions. Classical economists believe that Smith stated his program for promoting the "wealth of nations" in the first sentences, which attributes the growth of wealth and prosperity to the division of labor. “The subjects of every state ought to contribute towards the support of the government, as nearly as possible, in proportion to their respective abilities; that is, in proportion to the revenue which they respectively enjoy under the protection of the state.”
1926 – Present Born: United States Resides: United States
· Predecessor to Ben Bernake, serving as Chair of the Federal Reserve of the United States from 1987 to 2006.
· Warning of a bubble in the U.S. housing market, Greenspan forecast the 2008 U.S. recession in 2007.
· Associate of Ayn Rand and proponent of Rand’s Objectivism, Greenspan called himself a ‘lifelong libertarian Republican” and was a proponent of the gold standard.
· Although Greenspan was initially a logical positivist, he was converted to Rand's philosophy of Objectivism by her associate Nathaniel Branden. He became one of the members of Rand's inner circle, the Ayn Rand Collective, who read Atlas Shrugged while it was being written.
· In his memoir, Greenspan criticizes President George W. Bush, Vice President Dick Cheney, and the Republican-controlled Congress for abandoning the Republican Party's principles on spending and deficits. Greenspan's criticisms of President Bush include his refusal to veto spending bills, sending the country into increasingly deep deficits, and for "putting political imperatives ahead of sound economic policies". Greenspan writes, "They swapped principle for power. They ended up with neither. They deserved to lose [the 2006 election]"
· He praised Bill Clinton above all the other presidents for whom he'd worked for his "consistent, disciplined focus on long-term economic growth". “The true measure of a career is to be able to be content, even proud, that you succeeded through your own endeavors without leaving a trail of casualties in your wake.”
1933 – Present Born: India Resides: United States
· Awarded the Nobel Memorial Prize in Economic Sciences in 1998 and India’s highest civilian award, the Bharat Ratna, in 1999 for welfare economics. Winner of Cambridge’s Adam Smith prize in 1954. Won Oxford University’s Bodley Medal for “outstanding contributions to the worlds of communications and literature” in 2019. Over 90 honorary degrees from universities around the world.
· Current Professor of Economics and Philosophy at Harvard University. Has written over 30 books on economic theory and social sciences.
· In 2019, London School of Economics announced the creation of the Amartya Sen Chair in Inequality Studies. “The increasing tendency towards seeing people in terms of one dominant ‘identity’ (‘this is your duty as an American’, ‘you must commit these acts as a Muslim’, or ‘as a Chinese you should give priority to this national engagement’) is not only an imposition of an external and arbitrary priority, but also the denial of an important liberty of a person who can decide on their respective loyalties to different groups (to all of which he or she belongs).”
1973 – Present Born: United States Resides: United States
· Professor of Economics at MIT
· Co-Director and research associate of the Public Economics Program at the National Bureau of Economic Research, and the co-Scientific Director of J-PAL North America (a research center at MIT that encourages and facilitates randomized evaluations of important domestic policy issues).
· Winner of the 2012 John Bates Clark Medal for her contributions to economics. Awarded the MacArthur “Genius” fellowship in 2018 and elected to the National Academy of Sciences.
· Finkelstein’s expertise is in public finance and health economics. She conducts research into market failures and government intervention in insurance markets, and the impact of public policy on health care and health insurance. “We may need to do more health care plumbing rather than health care big theories.”
1969 – Present Born: United States Resides United States
· American economist and Professor of Economics at the University of Chicago's Booth School of Business.
· Economic advisor for Obama's successful 2004 U.S. Senate campaign in Illinois, then Chair of the Council of Economic Advisers under the Obama Administration 2010-2011.
· Named World Economic Forum’s ‘100 Global Leaders for Tomorrow’, topped The New Yorker's list of the Ten Most Intriguing Political Personalities of 2010, and for some reason, was one of Salon.com’s 15 Sexiest Men of 2010.
· Early supporter of Pete Buttigieg in the 2020 Democratic Party presidential primary. “We were facing in the fourth quarter of 2008 and the first quarter of 2009 epically horrible declines in GDP, every measure of the economy falling through the floor, completely on fire. Joe will tell you, in every Ph.D. program, students - in economics, students must take an economic history class and in every economic history class, the professor says, ‘There could never be another Great Depression because we’re smarter than we were then and we would never allow that to happen.’ We were put to the test to answer that question. … The fact that we are here to bitch about the economy and about this policy and that and the budget forecasts for GDP growth are 1 percent too low, I’m thrilled, I’m overjoyed that we aren’t all out of our jobs and we prevented the Great Depression. That in itself is an overwhelming accomplishment.”
1953 – Present Born: United States Resides: United States
· American economist at the Brookings Institution economic research group. Fellow of the Econometric Society and the American Academy of Arts and Sciences. Won the Distinguished Leadership in Government Award from Columbia Business School in 2008. 2009 TIME magazine Person of the Year.
· Chair of the Federal Reserve 2006-2014, overseeing the response to the late-2000s financial crisis, after serving as chairman of President George W. Bush's Council of Economic Advisers. Nominated by Bush and renominated by Obama. Predecessor to Janet Yellen, successor to Alan Greenspan.
· In his 2015 book ‘The Courage to Act’ he revealed that the world's economy came close to collapse in 2007/2008, and asserts that it was only the novel efforts of the Fed (cooperating with other agencies and agencies of foreign governments) that prevented an economic catastrophe greater than the Great Depression. “A meritocracy is a system in which the people who are the luckiest in their health and genetic endowment; luckiest in terms of family support, encouragement, and, probably, income; luckiest in their educational and career opportunities; and luckiest in so many other ways difficult to enumerate — these are the folks who reap the largest rewards. The only way for even a putative meritocracy to hope to pass ethical muster, to be considered fair, is if those who are the luckiest in all of those respects also have the greatest responsibility to work hard, to contribute to the betterment of the world, and to share their luck with others.”
1955 – Present Born: United States Resides: United States
· Started working full-time at the Bill & Melinda Gates Foundation in 2006, a private charitable foundation with the goal of enhancing healthcare and reducing extreme poverty around the world, as well as, in the U.S., to expand educational opportunities and access to information technology
· Early adopter of the “Giving Pledge”, a commitment to donate at least half of his wealth (~$110B), over the course of time, to charity.
· Time magazine named Gates one of the 100 people who most influenced the 20th century, as well as one of the 100 most influential people of 2004, 2005, and 2006. He (with Bono) was named Time’s
2005’s Persons of the Year for humanitarian efforts, and in 2006, he was voted eighth in the list of Time’s
“Heroes of Our Time”. Barack Obama honored Bill and Melinda Gates with the Presidential Medal of Freedom for their philanthropic efforts in 2016. “Is the rich world aware of how 4 billion of the 6 billion live? If we were aware, we would want to help out, we’d want to get involved. … Humanity's greatest advances are not in its discoveries, but in how those discoveries are applied to reduce inequity.”
1956 – Present Born: France Resides: Germany
· Head of the European Central Bank, the main institution responsible for the management of the euro and monetary policy in the Eurozone of the European Union. Previously served as Chair and Managing Director (MD) of the International Monetary Fund (IMF), 2011-2019.
· France's Trade Minister, 2005-2007, Lagarde prioritized opening new markets for the country's products, focusing on the technology sector. In 2017, she was moved to the Ministry of Agriculture as part of the government of François Fillon, then joined Fillon's cabinet in the Ministry of Economic Affairs, Finance and Employment to become the first woman in charge of economic policy in France.
· Forbes 2014 5th Most Powerful Woman in the World, Forbes 2019 2nd Most Powerful Woman in the World, and winner of the Atlantic Council’s Distinguished International Leadership Award. “I look under the skin of countries’ economies, and I help them make better decisions and be stronger, to prosper and create employment. … To me, leadership is about encouraging people. It’s about stimulating them. It’s about enabling them to achieve what they can achieve – and to do that with a purpose. … We have a collective responsibility-to bring about a more stable and more prosperous world, a world in which every person in every country can reach their full potential.”
1946 – Present Born: United States Resides: United States
· Professor of Economics at Harvard University and director of the Development of the American Economy program at the National Bureau of Economic Research. In 1990, Goldin became the first tenured woman at Harvard's economics department.
· Economic awards from the American Economic Association (Carolyn Shaw Bell Award), Association of American Publishers (R.R . Hawkins Award), Omicron Delta Epsilon (John R. Commons Award), Institute of Labor Economics (IZA prize), and the BBVA Foundation Frontiers in Knowledge Award.
· Best known for published papers focused on women in the U.S. economy, economic history, labor economics, gender and economics, and the economics of work, family, and education. “In the first half of the [20th] century, education raced ahead of technology, but later in the century, technology raced ahead of educational gains. The skill bias of technology did not change much across the century, nor did its rate of change. Rather, the sharp rise in inequality was largely due to an educational slowdown.”
1967 – Present Born: Turkey Resides: United States
· Professor of Economics at MIT. He was named Institute Professor in 2019. Has a PhD from the London School of Economics and notable for many LSE lectures before joining MIT.
· Has authored hundreds of papers and five books. His 2012 co-authored book “Why Nations Fail”, on the role that institutions play in shaping nations' economic outcomes, prompted wide scholarly and media commentary. In 2015 he was named the most cited economist of the past 10 years per Research Papers in Economics (RePEc) data.
· Many economic awards including the John Bates Clark Medal (2005) by the American Economic Association, the John von Neumann Award (2007) by Rajk László College for Advanced Studies, the Erwin Plein Nemmers Prize in Economics (2012) by Northwestern University, the BBVA Foundation Frontiers of Knowledge Award (2016), the Jean-Jacques Laffont Prize, and the Toulouse School of Economics (2018) Global Economy Prize. “Social democracy, when practiced by competent governments, is a phenomenal success. Everywhere in the west is to some degree social democratic, but the extent of this varies. We owe our prosperity and freedom to social democracy. … [Social democracy] did not achieve these things by taxing and redistributing a lot. It achieved them by having labor institutions protecting workers, encouraging job creation, and encouraging high wages.”
1967 – Present Born: United States Resides: United States
· Ford Professor of Economics at MIT. Co-director of the MIT School Effectiveness and Inequality Initiative. A commentator on many fields in economics, his research generally focuses on topics from labor economics.
· His most cited article studies the effect of skill-biased technological change in the form of computerization on the diverging U.S. education wage differentials and finds evidence suggesting that computerization has increased skill-based wage premia in the U.S. by requiring rapid skill upgrading, which in turn has increased the labor demand for college graduates relative to workers without tertiary education as well as the wage premium associated with a college degree. (Quarterly Journal of Economics: “Computing Inequality: Have Computers Changed the Labor Market?” (1998).
· Andrew Carnegie Fellowship, “‘Depopulism:’ How the Inversion of the Rural-Urban Age Gradient Shapes the Diverging Economic and Political Geography of the U.S. and other Industrialized Countries” – Recognized by Bloomberg as ‘one of the 50 people who defined global business in 2017’ – Fellow, American Academy of Arts and Sciences, Fellow, Society of Labor Economists, Fellow, The Econometric Society. “There's always new work to do. Adjusting to the rapid pace of technological change creates real challenges, seen most clearly in our polarized labor market and the threat that it poses to economic mobility. Rising to this challenge is not automatic. It's not costless. It's not easy. But it is feasible.”
1772 – 1823 Born: England Died: England
· A Whig political party member, David Ricardo is one of the most influential of the classical economists along with Thomas Malthus, Adam Smith and James Mill. He got his start advocating for a reduction in the note-issuing of the Bank of England. Ricardo's most famous work is his ‘Principles of Political Economy and Taxation’ (1817) where he advanced a labor theory of value: “The value of a commodity, or the quantity of any other commodity for which it will exchange, depends on the relative quantity of labour which is necessary for its production, and not on the greater or less compensation which is paid for that labour.”
· An abolitionist, Ricardo said he regarded slavery as a stain on the character of the nation, once very publicly at a meeting of the Court of the East India Company in 1823. He most vocally advocated for the abolition of the death penalty for forgery, repeal of blasphemy laws, and adamantly supported the implementation of free trade.
· Ricardo was a close friend of James Mill. He was a member of Malthus' Political Economy Club, and a member of the King of Clubs. He was one of the original members of The Geological Society. “Under a system of perfectly free commerce, each country naturally devotes its capital and labour to such employments as are most beneficial to each. This pursuit of individual advantage is admirably connected with the universal good of the whole. By stimulating industry, by rewarding ingenuity, and by using most efficaciously the peculiar powers bestowed by nature, it distributes labour most effectively and most economically: while, by increasing the general mass of productions, it diffuses general benefit, and binds together, by one common tie of interest and intercourse, the universal society of nations throughout the civilized world.”
1942 – Present Born: United States Resides: United States
· Professor of Economics, History, English, and Communication at the University of Illinois at Chicago. Former visiting Professor of philosophy at Erasmus University, Rotterdam. Her main research includes the misuse of statistical significance in economics and the study of capitalism.
· After receiving degrees in Economics at Harvard University, her dissertation on British iron and steel won the 1973 David A. Wells Prize. She has received six honorary doctorates. In 2013, she received the Julian L. Simon Memorial Award from the Competitive Enterprise Institute for her work examining factors in history that led to advancement in human achievement and prosperity.
· A self-labeled “Christian libertarian”, McCloskey has described herself as a “literary, quantitative, postmodern, free-market, progressive Episcopalian, Midwestern woman from Boston who was once a man.” McCloskey has advocated on behalf of LGBT organizations and the LGBT community. She was a vocal critic of the theory of “autogynephilia” as a motivation for sex reassignment, by the sexologist Ray Blanchard. “Nor during the Age of Innovation have the poor gotten poorer, as people are always saying. On the contrary, the poor have been the chief beneficiaries of modern capitalism. It is an irrefutable historical finding, obscured by the logical truth that the profits from innovation go in the first act mostly to the bourgeois rich.”
1977 – Present Born: Switzerland Resides: United States
· Assistant professor at the Harvard Business School. Follow at the Center for Global Development. Her research focuses on public economics in developing countries and includes collaborations with tax authorities and procurement agencies in several countries.
· Faculty research fellow at the NBER, an affiliate professor at BREAD, CEPR, and J-PAL and a member of the IGC and the HBS Social Enterprise Initiative.
· Has conducted numerous large-scale randomized field experiments about tax evasion by firms and about determinants and impacts of formal savings for low-income micro-entrepreneurs. “My sense is that there's a lot of confusion about the relation between climate change and the economy. A key reason why climate change is so dangerous is that it creates a big threat to our economies. It's not climate policy or prosperity. It's climate policy for prosperity.”
1967 – Present Born: United States Resides: United States
· Professor of Economics at Harvard University. Previously served as the Director of the Taubman Center for State and Local Government and the Director of the Rappaport Institute for Greater Boston (both at the Kennedy School of Government). He is a senior fellow at the Manhattan Institute, and a contributing editor of City Journal. He was also an editor of the Quarterly Journal of Economics.
· His work examining the historical evolution of economic hubs like Boston and New York City has had major influence on both economics and urban geography. Glaeser has written on a variety of topics, ranging from social economics to the economics of religion, from both contemporary and historical perspectives. He has published at a rate of almost five articles per year since 1992 in leading peer-reviewed academic economics journals, in addition to many books, other articles, blogs, and op-eds.
· Hlaser has many contributions to urban economics and economic theory. For example, his work with David Cutler of Harvard identified harmful effects of segregation on black youth; he challenged 1960s urban land use theory, showing pro-poor central cities' policies encouraged more poor people to live in central cities; and he has argued that human capital explains much of the variation in urban and metropolitan level prosperity. “The fact that there is urban poverty is not something cities should be ashamed of. Because cities don't make people poor. Cities attract poor people. They attract poor people because they deliver things that people need most of all—economic opportunity.”
1933 – 2012 Born: United States Died: United States
· American political economist focused on the study of production and trade and their relations with law, custom and government. Her work was associated with New Institutional Economics (a focus on including economic aspects excluded in neoclassical economics).
· In 2009, she was awarded the Nobel Memorial Prize in Economic Sciences for her “analysis of economic governance, especially the commons”, which she shared with Oliver E. Williamson. To date, she remains the first of only two women to win the Nobel Prize in Economics, the other being Esther Duflo. (Who, by alphabetical coincidence, is the next entry!)
· Ostrom conducted her field studies on the management of pasture by locals in Africa and irrigation systems management in villages of western Nepal. Her work has considered how societies have developed diverse institutional arrangements for managing natural resources and avoiding ecosystem collapse in many cases, even though some arrangements have failed to prevent resource exhaustion. Her work emphasized the multifaceted nature of human–ecosystem interaction and argues against any singular “panacea” for individual social-ecological system problems. “Until a theoretical explanation, based on human choice, for self-organized and self-governed enterprises is fully developed and accepted, major policy decisions will continue to be undertaken with a presumption that individuals cannot organize themselves and always need to be organized by external authorities. … Unfortunately, many analysts – in academia, special-interest groups, governments, and the press – still presume that common-pool problems are all dilemmas in which the participants themselves cannot avoid producing suboptimal results, and in some cases disastrous results.”
1973 – Present Born: France Resides: United States
· Professor of Poverty Alleviation and Development Economics at MIT. Co-founder and co-director of the Abdul Latif Jameel Poverty Action Lab which was established in 2003. Duflo is a National Bureau of Economic Research (NBER) research associate, a board member of the Bureau for Research and Economic Analysis of Development (BREAD), and director of the Center for Economic and Policy Research's development economics program.
· Duflo’s research focuses on microeconomic issues in developing countries, including household behavior, education, and access to finance, health, and policy evaluation. She has been a driving force in advancing field experiments as an important methodology to discover causal relationships in economics.
· Duflo was awarded the Nobel Prize in Economics in 2019 along with her two co-researchers Abhijit Banerjee and Michael Kremer “for their experimental approach to alleviating global poverty”. Duflo is the youngest person (at age 46) and the second woman to win this award (after Elinor Ostrom in 2009). “Awareness of our problems thus does not necessarily mean that they get solved. It may just mean that we are able to perfectly anticipate where we will fall.”
1939 – Present Born: United States Resides: United States
· Professor of Finance at the University of Chicago Booth School of Business and American economist, best known for his empirical work on portfolio theory, asset pricing, and the efficient-market hypothesis.
· Fama is most often thought of as the father of the efficient-market hypothesis, beginning with his Ph.D. thesis. In 1965 he published an analysis of the behavior of stock market prices that showed that they exhibited so-called fat tail distribution properties, implying extreme movements were more common than predicted on the assumption of normality.
· Fama cast doubt on the validity of the Capital Asset Pricing Model (CAPM), which posits that a stock's beta alone should explain its average return. Fama’s papers describe two factors above and beyond a stock's market beta which can explain differences in stock returns: market capitalization and “value”. They also offer evidence that a variety of patterns in average returns, often labeled as “anomalies” in past work, can be explained with his Fama–French three-factor model. “I’d compare stock pickers to astrologers but I don’t want to bad mouth astrologers.” “In an efficient market at any point in time the actual price of a security will be a good estimate of its intrinsic value.”
Friedrich Hayek (Friedrich August von Hayek a.k.a. F. A. Hayek)
1899 – 1992 Born: Hungary Died: Germany
· Austrian-British economist and philosopher best known for his defense of classical liberalism. He served in World War I during his teenage years and said that this experience in the war and his desire to help avoid the mistakes that had led to the war drew him into economics. He studied economics, eventually receiving his doctoral degrees in law (1921) and in political science (1923) at the University of Vienna.
· Hayek shared the 1974 Nobel Memorial Prize in Economic Sciences with Gunnar Myrdal for his “pioneering work in the theory of money and economic fluctuations and … penetrating analysis of the interdependence of economic, social and institutional phenomena”. His account of how changing prices communicate information that helps individuals co-ordinate their plans is widely regarded as an important achievement in economics, leading to his Nobel Prize.
· President Ronald Reagan listed Hayek as among the two or three people who most influenced his philosophy and welcomed Hayek to the White House as a special guest. Milton Friedman of the Hoover Institution, Andrzej Walicki of Notre Dame, U.S. Representative Dick Armey, and former President of the Czech Republic, Vaclav Klaus, have claimed that the writings of Hayek were a major influence on many of the leaders of the “velvet” revolution in Central Europe during the collapse of the old Soviet Empire. “From the fact that people are very different, it follows that, if we treat them equally, the result must be inequality in their actual position, and that the only way to place them in an equal position would be to treat them differently. Equality before the law and material equality are therefore not only different but are in conflict with each other; and we can achieve either one or the other, but not both at the same time.”
1930 – Present Born: Hungary Resides: United States
· Soros is known as “The Man Who Broke the Bank of England” because of his short sale of US$10 billion worth of pounds sterling, which made him a profit of $1 billion during the 1992 Black Wednesday UK currency crisis. Based on his early studies of philosophy, Soros formulated an application of Karl Popper's General Theory of Reflexivity to capital markets, which he claims renders a clear picture of asset bubbles and fundamental/market value of securities, as well as value discrepancies used for shorting and swapping stocks.
· Soros's Quantum Fund is thought to have greatly influenced the collapse of communism in Eastern Europe in the late 1980s and early 1990s.
· Soros is a well-known supporter of progressive and liberal political causes, to which he dispenses donations through his foundation, the Open Society Foundations. Between 1979 and 2011, he donated more than $11 billion to various philanthropic causes; by 2017, his donations “on civil initiatives to reduce poverty and increase transparency, and on scholarships and universities around the world” totaled $12 billion.
· Soros, of Jewish decent, survived Nazi Germany-occupied Hungary and emigrated to the United Kingdom in 1947. Antiemetic conspiracy theories painting Soros as a “puppet master” behind a variety of alleged global plots “moved from the fringes to the mainstream” of Republican politics, The New York Times reported in 2018. “The main difference between me and other people who have amassed this kind of money is that I am primarily interested in ideas, and I don't have much personal use for money. But I hate to think what would have happened if I hadn't made money: My ideas would not have gotten much play.” “First, there is no single sustainable model for national success. Second, the American model, which has indeed been successful, is not available to others, because our success depends greatly on our dominant position at the center of the global capitalist system, and we are not willing to yield it.”
Greg Mankiw (Nicholas Gregory Mankiw)
1958 – Present Born: United States Resides: United States
· Professor of Economics at Harvard University. American macroeconomist best known in academia for his work on New Keynesian economics.
· Mankiw is a conservative and has been an economic adviser to several Republican politicians. From 2003 to 2005, Mankiw was Chairman of the Council of Economic Advisers under President George W. Bush. In 2006, he became an economic adviser to Mitt Romney, and worked with Romney during his presidential campaigns in 2008 and 2012.
· Omicron Delta Epsilon, the international honor society for economics, awarded Mankiw the biennial John R. Commons Award in 2019. He won the Council for Economic Education’s Visionary Award in 2017. As of April 2016, the RePEc overall ranking based on academic publications, citations, and related metrics put him as the 23rd most influential economist in the world, out of nearly 50,000 registered authors. “Which brings us to a third group of macroeconomists: those who fall into neither the pro- nor the anti-Keynes camp. I count myself among the ambivalent. We credit both sides with making legitimate points, yet we watch with incredulity as the combatants take their enthusiasm or detestation too far. Keynes was a creative thinker and keen observer of economic events, but he left us with more hard questions than compelling answers.”
1839 – 1897 Born: United States Died: United States
· American political economist and journalist who promoted “single tax” on land. He inspired the economic philosophy known as Georgism (also called Geoism), an economic ideology holding that while people should own the value they produce themselves, economic value derived from land should belong equally to all members of society.
· His most famous work, “Progress and Poverty” (1879), sold millions of copies worldwide, probably more than any other American book before that time. It investigates the paradox of increasing inequality and poverty amid economic and technological progress, the cyclic nature of industrialized economies, and the use of rent capture such as land value tax and other anti-monopoly reforms as a remedy for these and other social problems.
· George is best known for his argument that the economic rent of land (location) should be shared by society. He considered businesses relying on exclusive right-of-way land privilege to be “natural” monopolies. George was opposed to or suspicious of all intellectual property privilege, because his classical definition of “land” included “all natural forces and opportunities.” Therefore, George proposed to abolish or greatly limit intellectual property privilege. In George's view, owning a monopoly over specific arrangements and interactions of materials, governed by the forces of nature, allowed title-holders to extract royalty-rents from producers, in a way similar to owners of ordinary land titles. George was opposed to tariffs and one of the earliest and most prominent advocates for adoption of the secret ballot in the United States. “It is true that wealth has been greatly increased, and that the average of comfort, leisure, and refinement has been raised; but these gains are not general. In them the lowest class do not share. I do not mean that the condition of the lowest class has nowhere nor in anything been improved; but that there is nowhere any improvement which can be credited to increased productive power. I mean that the tendency of what we call material progress is in nowise to improve the condition of the lowest class in the essentials of healthy, happy human life.”
1724 – 1804 Born: German Preussen (Prussia) Died: German Preussen (Prussia)
· Influential Prussian—German philosopher during the Age of Enlightenment, who argued in his doctrine of transcendental idealism that space, time, and causation are mere sensibilities; “things-in-themselves” exist, but their nature is unknowable. Kant's views continue to have a major influence on contemporary philosophy, especially the fields of epistemology, ethics, political theory, and post-modern aesthetics.
· Kant regarded himself as showing the way past the impasse between rationalists (regards reason as the chief source and test of knowledge) and empiricists (states that knowledge comes only or primarily from sensory experience), and is widely held to have synthesized both traditions in his thought.
· Kant published other important works on ethics, religion, law, aesthetics, astronomy, and history. These include the Universal Natural History (1755), the Critique of Practical Reason (1788), the Metaphysics of Morals (1797), and the Critique of Judgment (1790), which looks at aesthetics and teleology (a reason or explanation for something as a function of its end, purpose, or goal). “Experience without theory is blind, but theory without experience is mere intellectual play.” “All our knowledge begins with the senses, proceeds then to the understanding, and ends with reason. There is nothing higher than reason.”
Indian Financial Sector
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Finance Minister Nirmala Sitharaman today assured industry leaders that the RBI and the Government are on the "same page" and making efforts to boost the economy.
The Delhi High Court today rapped the RBI for its "callous", "careless" and "negligent" attitude in not filing a response, from February till date, to a PIL seeking to stop banks from sharing the PAN and financial transaction data of clients with credit rating agencies without the customers' formal consent. The bench directed the deputy governor of the RBI to be personally present before it on October 11, the next date of hearing, if no response and "vakalatnama" were filed on the bank's behalf by then.
In a bid to develop a deep and liquid onshore foreign exchange market, a RBI panel has recommended that onshore market hours may be suitably extended to match the flexibility provided by the offshore market. This is aimed at incentivising non-residents to hedge in the onshore market.
Andhra Bank today announced a cut in the MCLR by 25 basis points across all 5 tenors- overnight, 1 month, 3 months, 6 months and 1 year.
Bank of Maharashtra and IDBI Bank have cut their MCLR across select tenors by 10 basis points (bps) and 5-15 bps, respectively.
To pass on the benefit of reduction in interest rates effected by the RBI, Canara Bank has cut its MCLR by 10 basis points across all tenors, effective from Aug 7. With this revision, the Bank has cumulatively reduced its MCLR by 20 bps during the last 6 months and thus, 1-year MCLR has come down to 8.50 per cent per annum from 8.70 per cent earlier.
Indian Bank today signed a corporate agency agreement with Cholamandalam MS General Insurance Co for distribution of its insurance products to bank customers.
DBS Bank India has tied up with technology business incubator Social Alpha to mentor enterprises that focus on sectors such as inclusion, healthcare, and environment. DBS Bank will also give an annual programme grant of ₹1 crore.
Axis Bank has settled a case related to alleged violation of debenture trustee norms with SEBI, after paying₹2.43 crore towards settlement charges. The adjudication proceedings against Axis Bank were initiated after the regulator sent a show cause notice in June 2018 on observing violations of debenture trustee regulations.
RBL Bank and digital healthcare platform Practo have partnered to launch an industry first co-branded health credit card. This credit card is powered by Mastercard and is available on both Practo and RBL mobile apps and websites.
NCLT today rejected an appeal by the auditors of IL&FS, challenging the court's jurisdiction to ban them for alleged abetment of financial fraud. The government has asked for a 5-year ban on Deloitte Haskins & Sells LLP and a KPMG affiliate for allegedly aiding and abetting a financial fraud at IFIN, a unit of IL&FS.
Industrial production growth dropped to 2% in June, mainly on account of poor show by mining and manufacturing sectors, according to official data released on August 9.
Shares of YES Bank turned volatile, falling 12% from intra-day high tiday, after the bank announced opening of the qualified institutional placement (QIP) issue on Thursday.
Nifty 11109.65 (+77.2)
Some news you may have missed out on part 80.
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-15 million Pakistani families to get health card, contract signed
The Health Ministry and State life has signed a land mark contract for provision of Sehat Insaf Card to 15 Million Families Contract was signed for Implementation of Sehat Sahulat Program (SSP) in all districts of Pakistan in line with vision of Prime Minister’s Universal Health Coverage. Ministry of National Health Service, Regulations and Coordination, in collaboration with participating provinces and regions, has completed its procurement to expand its health initiative of “Sehat Sahulat Program” in Pakistan.
Through this initiative poor families will be provided with free of cost health insurance to secure indoor health care services worth Rs: 720,000/- from empanelled hospitals. The program will provide “Sehat Insaf Card” to 15 million families in the province of Punjab, Balochistan, Sindh, AJK, GB and old districts of FATA through a very transparent and computerized mechanism.
-PM Khan signaled FBR for tax net widening, recovery from huge tax evaders
Prime Minister Imran Khan engaged the Federal Bureau of Revenue (FBR) to widen tax network and to target recovery from huge tax evaders. Chairing a high-level meeting on tax reforms, PM Imran khan directed the FBR to facilitate tax payers and produce non-filers and tax evaders underneath tax network.
He asked the officers to complete draft laws concerning offshore properties at the earliest and urged to determine Offshore Taxation Commissionerates in six major cities to unravel cases concerning offshore assets. During the meeting, PM Imran underscored the necessity for restoration of people’s trust within the legal system and additional that the FBR officers had been harassing the community and therefore the common man within the country.
-Electronics industry grows 7.8pc in first quarter FY19
Continuing on its strong growth trajectory, the electronics industry posted a growth of 7.8pc during the first quarter of the fiscal year 2018-19, the State Bank of Pakistan (SBP) reported.
The uptick was driven primarily by an increase in the production of electric motors and various cooling equipment, according to SBP’s first quarterly report on the State of Pakistan’s Economy for FY19. “Improvement in electricity supplies alongside an extended summer season drove the demand for the electronic goods,” the report stated, adding that the consistent growth of the segment has attracted the attention of the foreign investors as well.
“For instance, TCL, the third largest television set producer in the world, has announced plans to expand its footprint in the Pakistani electronic market,” it said.
-‘Govt envisions Pakistan among world’s top 50 economies in 5 years’
Advisor to Prime Minister on Commerce, Textile, Industry and Production Abdul Razzak Dawood said on Wednesday that the government was working rigorously on improving ‘ease of doing business’ in Pakistan in order to place the country among the top 50 economies in the next five years.
“Pakistan is currently ranked 136th in the ease of doing business index and the government aims to bring it down within the top 100 in two years and among top 50 countries in the next five years,” the advisor said while addressing a press conference along with Board of Investment Chairman Haroon Sharif. He said that ease of doing business was a major indicator to attract foreign direct investment and to revive the industrial sector.
“When the government had assumed the office, Pakistan was ranked at 147th. Owing to the government’s short-term measures, the ranking has improved by 11 positions,” the advisor asserted. “Besides ease of doing business in the country, the government is working on simplifying the taxation system as well as the visa regime. We are also formulating a strategy to link all investment hubs of the country under a one window facility.”
-Saudi crown prince to visit Pakistan; $14 bn investment expected
Crown Prince of Saudi Arabia Mohammad Bin Salman Al Saud will visit Pakistan in third week of February, with huge investment proposals, Sources privy to the matter have said, the crown prince during his stay in Pakistan, will also address the Pakistani nation, while one of the biggest investment packages in the history of Pakistan will also be announced.
“Agreements of a heavy investment worth 14 billion dollars on behalf of the Saudi Arabian government will be inked in visit Crown Prince Mohammad Bin Salman”, sources were quoted as saying.
-Pakistan to participate in ‘9th Beijing Film Festival’: Fawad Chaudhry
Information Minister Fawad Chaudhry on Wednesday announced that Pakistan would participate in the ‘9th Beijing International Film Festival’. Talking to the Chinese ambassador to Pakistan Yao Jing, who called on him in Islamabad, Fawad Chaudhry appreciated Beijing for allowing Pakistani films to be screened in Chinese cinemas. He said that the government wanted to establish a media university and a technical media institute in collaboration with China. The minister underscored the need for co-producing feature films and exchange of information. Fawad Chaudhry also stressed upon transfer of technology.
-Govt expects circular debt to level off this year
Pakistan expects the debt being built up within its power sector to level off this year and start falling, the power minister said, outlining measures to shore up confidence and attract foreign investors.
Vast Chinese investment has helped reduce power outages, lifting economic growth, but years of mismanagement has led to accumulated power sector payment arrears, or circular debt, rising to Rs1.4 trillion ($10.1 billion). Economists fear the rising circular debt will further widen Pakistan’s fiscal deficit, a key part of ongoing bailout talks with the International Monetary Fund (IMF).
-PTI to set up cell to monitor performance of ministers, govt officers
In an unprecedented move to ensure good governance and transparency in all the public offices, Prime Minister Imran Khan directed the ruling party, Pakistan Tehreek-e-Insaf (PTI) to set up a cell to monitor the performance of ministers and government officers, said sources.
A monitoring cell headed by PTI General Secretary Arshad Dad would be formed to address the problems of general public and to keep an eye on the performance of ministers and the government officers, the sources added. PTI leader Arshad Dad said that the purpose behind the monitoring cell was to improve the performance of ministers and the public officers. He said that the cell would convey public complaints to the prime minister and help resolve their difficulties.
-Pakistan launches first ever deworming initiative for children
The government on Wednesday launched the first ever “Islamabad Deworming Initiative” which will deworm 250,000 children in first phase at all Government Schools in the federal capital out of the 570,000 children aged between 5-15 who are at risk of infection with intestinal worms. While inaugurating the initiative here, Parliamentary Secretary for Ministry of Planning Development and Reform Kanwal Shauzab said that Prime Minster of Pakistan in his first speech to the nation expressed serious concerns on high prevalence of stunting among children and intestinal worm infestation is one of the major reasons.
She said that to cater this urgent need Ministry of Planning has initiated school-based deworming program for children between 5-15 years with the collaboration of Ministry of Federal Education and Ministry of National Health Services, Regulations and Coordination. Kanwal Shauzab said that trained school teachers will administer free of cost deworming medicine, which is universally recognized as a safe and cost-effective treatment.
-SBP to announce bi-monthly new monetary policy tomorrow
The State Bank of Pakistan (SBP) would announce its decision with regard to its monetary policy for the coming two months on Thursday (tomorrow). According to a statement announced by the central bank, the Monetary Policy Committee (MPC) of SBP will meet tomorrow in Islamabad, after which SBP Governor Tariq Bajwa will unveil the monetary policy in a press conference. Some economic analysts expect a further hike of 50 to 100 basis points in interest rate by the central bank in its bi-monthly interest rate policy review meeting. Other experts, however, advise against the increase in interest rate, insisting to leave the rate unchanged.
-UK Funded Karandaaz and JS Bank Announce Rs 1 Billion for SMEs
The UK-funded Karandaaz has signed an agreement with JS Bank to jointly make PKR 1 billion available for small and medium enterprise (SME) financing. Increased access to SME financing will create jobs, improve household incomes and increase economic growth at a macro-economic level in Pakistan.
Karandaaz Pakistan, a company funded by the UK’s Department for International Development (DFID), and JS Bank, one of Pakistan’s fastest growing banking institutions, signed the risk participation agreement to jointly facilitate SME financing. The facility has been designed on a 50-50 risk participation basis between the two organizations to improve overall commercial lending for the SME sector in Pakistan.
-Pakistan Has Upgraded its Air Navigation Infrastructure: Minister Aviation
The Federal Minister for Aviation and Privatization, Muhammad Mian Soomro, has said that Pakistan has upgraded its air navigation and surveillance, and the country now has a dependable and robust air transport system.
He was addressing the 27th Steering Committee Meeting of Cooperative Development of Operational Safety and Continuing Airworthiness Program – South Asia (Coscap-SA). On the occasion, the minister said that Pakistan fully backs and implements global policies and guidelines for safe, efficient, and viable civil aviation.
-Govt plans to reopen Saidu Sharif airport to promote tourism
Pakistan International Airline (PIA) CEO Arshad Malik called on Federal Minister for Communications Murad Saeed on Tuesday, and discussed in detail matters regarding reopening of the Saidu Sharif airport. Saeed said Swat was a great tourist destination, and it was necessary to facilitate tourists in exploring its natural beauty.
“Tourism is one of the promising sectors which earn foreign exchange,” he said, adding that with the assistance of PIA management, Saidu Sharif airport will be reopened. Last week, Khyber-Pakhtunkhwa Chief Minister Mahmood Khan assured that the K-P government would extend every possible support for upgrading and extension of the airport.
-Govt Begins Work on a Master Plan for Rawalpindi
Following the revision of Islamabad’s master plan, the government has now started working on a new master plan for the neighboring city Rawalpindi. Rawalpindi Development Authority’s (RDA) department of Traffic Engineering and Town Planning held a meeting in this regard which was also attended by the Special Assistant to Prime Minister on Political Affairs Naeemul Haq. During the meeting, Terms of Reference (ToR) were devised for the revision of the master plan and were subsequently sent to the Punjab Housing secretary for approval.
-Pumped Up Pakistan Eyes Historic Series Win Against South Africa
After a clinical victory in the fourth ODI, that too in the absence of their skipper, Pakistani teams is pumped up to register their second consecutive series win in South Africa – a feat which no Asian team has ever achieved. After all the drama during the series, Green Shirts bounced back even more forcefully and thumped the Proteas in Pink, which was also a first in history. After a one-sided Test series, the visitors’ batting line finally felt their feet on the ground.
-Sindh passes bill to set up child health institute
The Sindh Assembly on Tuesday passed a law to establish the ‘Sindh Institute of Child Health and Neonatology’. The bill was passed days after the Supreme Court directed Sindh government to hand over the administrative and operational control of the National Institute of Child Health (NICH) to the federal government, The child health institute bill had been introduced in the Assembly on January 4 and subsequently referred to a special committee for second reading and amendments. “The law is being passed given the need of specialised health care for neonates and children,” said Minister for Parliamentary Affairs Mukesh Kumar Chawla.
The law states that the institute will strive for the development of molecular science and genetic research for diagnostic, therapeutic and preventive purposes for all disorders affecting children. It will also undertake postgraduate teaching programs such as FCPS, MS, MD, PhD and other diplomas in the field of paediatrics and neonatology and all relevant fields in collaboration with the College of Physicians and Surgeons Pakistan and a university of medical or health sciences, recognised by the Higher Education Commission or the Pakistan Medical and Dental Council.
-Pakistan to issue Rs 200 billion Sukuk bonds
Economic Coordination Committee (ECC) of the Cabinet on Tuesday approved issuance of Rs 200 billion worth Sukuk bonds to repay circular debt. A meeting of the ECC was chaired by Finance Minister Asad Umar. According to the decision of the committee the government will issue two hundred billion rupees Sukuk bonds. The Sukuk bonds will be released through a consortium of Islamic banks.
-Pakistani wildlife photographer wins award at World Photographic Cup 2019
Tariq Hameed Sulemani, a Pakistani wildlife photographer, has made the country proud by winning the Best of Nation Award at the World Photographic Cup 2019. The competition receives entries from all over the world and Tariq’s talent is an example of what a Pakistani can achieve if he or she works on any innate talent.
-Govt optimistic of achieving record exports in FY19
After 2012, when Pakistan made record exports of $25 billion, the country might create history again by recording around $27 billion worth of exports during the current financial year.
“The exports of $27 billion would be optimistic, while $26 billion would be a realistic one keeping in view the current and expected pace of exports in the country,” said Advisor to Prime Minister on Commerce Abdul Razzak Dawood during an interaction with a group of journalists in Islamabad on Tuesday. “When we took charge of the government, deindustrialisation was going on, exports were declining, trade deficits were widened and the existing duty structure was not good. Through measures taken in the earlier supplementary budget and the steps taken in the recent mini-budget, the government has been able to boost economic activities in the country.” He lauded Finance Minister Asad Umar for presenting the economic reform package, which, according to him, was not a mere budgetary exercise.
-In a first, Sikh lawmaker becomes parliamentary secretary
For the first time in Pakistan’s history, a Sikh lawmaker has been appointed as a parliamentary secretary. Department of Sardar Mahinder Pal Singh, a member of Punjab Assembly, is likely to be announced in the next couple of days.
Speaking to Express News on Tuesday, Singh said the decision was an evidence of freedom and rights minorities were enjoying in the country.
He said an increasing number of representatives from different minority groups were being given key responsibilities, referring to appointment of a Sikh youth as Public Relations Officer (PRO) of Punjab governor in the recent past.
-PM Imran Orders Removal of Discriminatory Sign Boards at Social Clubs in Islamabad
In an unprecedented move, Prime Minister Imran Khan has ordered the removal of all discriminatory sign-boards and notices from social clubs and other public places that restrict the free movement of domestic servants.
The premier passed the order while chairing a high-level meeting regarding the GSP Plus status of Pakistan. The order will not only end the class-discrimination in such places but will also encourage people to finally break the shackles of our colonial past.
The issue had first emerged in 2017 when a picture of the sign-board at Islamabad Club reading “maids and ayas are not allowed beyond this point” surfaced on social media.
-PSX lands in green amid volatile trading, ends flat next day
The Pakistan Stock Exchange (PSX) witnessed another volatile trading session on Tuesday. After an initial dip, the indices recovered to end the session marginally higher
-Azerbaijan keen to strengthen economic ties with Pakistan
Embassy of Azerbaijan Deputy Head of Mission Chingiz Coribhi said on Tuesday that Azerbaijan and Pakistan enjoyed excellent political relations and there was a need to focus on strengthening economic relations for mutual benefit.
“A joint trade exhibition of Pakistan, Azerbaijan and Turkey would be held in Baku, Azerbaijan, in April this year,” he said while exchanging views with the members of Islamabad Chamber of Commerce and Industry (ICCI). “The exhibition would include pharmacological, medicine, cosmetics, surgical instruments, cutlery, electrical appliances, textile, leather, sports and sportswear, furniture, homemade crafts, food and accessories.”
Chingiz Coribhi said Pakistani exporters should take an active part in the joint expo to show the potential of their products to the Azeri consumers. He said Azerbaijan was also exploring the possibility of launching direct flights with Pakistan to promote trade relations, adding that his country was keen to enhance trade ties with Pakistan as both countries have tremendous potential in this regard.
-Pakistan & Azerbaijan to constitute a joint working group on energy: Ghulam Sarwar Khan
Federal Minister for Petroleum, Ghulam Sarwar Khan on Wednesday said that Pakistan and Azerbaijan will constitute a Joint Working Group on Energy.
-Vehicle Registration and Transfers in Islamabad to Require Biometric Verification Soon
You won’t be able to transfer or register your cabike without biometric verification in Islamabad after March 1, 2019. The Excise and Taxation Department of Islamabad had made biometric verification compulsory for vehicles a few months ago. Recently, Chief Commissioner Aamir Ali Ahmed has reminded the public in a Facebook post that after the deadline, the registration or transfer of vehicles will only be undertaken after biometric verification.
-Computerized Traffic Sign Testing System to be Launched by CTP Rawalpindi
To improve the quality and transparency of the existing driving license process, City Traffic Police (CTP) Rawalpindi has taken a great step. CTP Rawalpindi has decided to implement computerized traffic sign testing for the issuance of Light Traffic Vehicles (LTV) and the Heavy Traffic Vehicles (HTV) licenses.
-Pakistan Makes A Small Improvement in Corruption Perception Index
Transparency International has released its Corruption Perception Index (CPI) 2018. It shows that Pakistan has improved slightly on the index by one point. The country has got a score of 33 out of 100 for 2018, which is one point better than 2017. However, its ranking remained the same, i.e., 117 out of 180 countries. Chairman of Transparency International Pakistan, Sohail Muzaffar, has said that Pakistan needs to take serious actions to control ‘rampant corruption’ in the country. He opined that the economic condition of the country cannot improve until corruption is dealt with.
-Bait-ul-Mal and WHO to Provide Assistive Devices to People with Disabilities
Pakistan Bait-ul-Mal (PBM) and the World Health Organization (WHO) have decided to start a pilot project of providing assistive devices to people with disabilities.
As per the available details, the project will be conducted in 12 districts across the country. Under the project, 10,000 individuals with disabilities will be provided with 25 assistive devices free of cost. According to PBM Managing Director Aon Abbas, the project will be subjected to the Public Procurement Regulatory Authority (PPRA) rules and some other requirements. PBM wants to complete the project during the current fiscal year.
-You Can Now Get Your Driver’s License in Islamabad in Just 24 Hours
Good news for the citizens of the federal capital, as they will now be able to get their driving license within just 24 hours. State Minister for Interior Shehryar Khan Afridi made this announcement on Tuesday.
While talking to media in Islamabad, Afridi said the people of the capital will not have to stand in long queues and wait for their turn outside the license office. “We are moving towards digitalization of the government processes, and now, the citizens of Islamabad will be able to get a driving license within a day,” the minister said. He added that the driving license will be delivered for the same old fee with no extra charges deducted for this service.
-KPITB Sets Up a State of The Art Cyber Security Lab in The Province
In an effort to protect the cyberspace of the country, Khyber Pakhtunkhwa Information Technology Board (KPITB) has installed a state of the art Cyber Security lab in the province. The modern tech lab, named KP-CERC, aims to equip students with the latest in cybersecurity to help them counter the increasing cyber attacks in the country. The idea is to train cybersecurity professionals with market-worthy skills to strengthen both organizations and the industry as a whole.
-Huge investments coming from Norway, Korea to Pakistan
Norway and Korea have decided to make huge investments in the South Asian giant, Pakistan. According to details, two international delegations of investors from Norway and Korea called on Prime Minister Imran Khan on Monday, and shared their plans to invest in Pakistan.
The meeting encompassed discussions pertaining to investment opportunities where PM Khan apprised the businessmen regarding facilities which are being provided by the government to ease the process of initiating business in the country. “I am personally supervising the measures taken by the government for business sector,” the prime minister said.
-PM Khan directs for elimination of child labour
Prime Minister Imran Khan on Tuesday directed for solid and practical steps to eliminate child labour across the country, ARY News reported. Chairing a meeting to review increasing number of child labour at his office here today, the prime minister directed Statistical department, to conduct a survey so that actual number of child labour can be known. The PM also sought recommendations from the concerned departments for the enrollment of such children in the schools.
Mr Khan was briefed by the participants of the meeting about steps being taken to end rights violation in the country. Talking on the forced disappearances, the premier said, amendments are being made in the law to declare such actions as ‘crime’.
-Asia Bibi blasphemy acquittal upheld by Pakistan court
Pakistan's top court has rejected a challenge to the acquittal of a Christian woman on blasphemy charges. The Supreme Court upheld its decision to overturn Asia Bibi's conviction and death sentence.
-Energy-short Pakistan moves to power up solar manufacturing
Pakistan’s government has proposed to eliminate taxes associated with manufacturing of solar and wind energy equipment in the country, in an effort to boost the production and use of renewable power and overcome power shortages. A new government budget bill, expected to be approved in parliament within a month, would give renewable energy manufacturers and assemblers in the country a five-year exemption from the taxes.
-Imran Khan building multi-million dollar Oxford-style Namal Knowledge City
In pursuance of his dream of spreading education specially to the downtrodden segments of the society, Prime Minister Imran Khan is building multi-million dollar Oxford-style 'Namal Knowledge City' in his hometown of Mianwali. Built in as early as 1096, Oxford University is one of the top rated universities of the world. The university is made up of 38 constituent colleges, and a range of academic departments which are organised into four divisions. Imran Khan founded Namal College 11 years ago and at that time it was affiliated with University of Bradford.
-Pakistan gets first-ever Hindu female judge
Suman Pawan Bodani, of the Hindu community, has been appointed as Pakistan's first female judge hailing from the country's esteemed minority group. Daughter of Dr. Pawan Podani, Suman belongs to the rural area of Shahdadkot in Sindh. She stood 54th in the merit list for the appointment of civil judge/judicial magistrate. Coming from a downtrodden area, Suman excelled beyond all obstructions to build a career that she had always dreamt of.
-Sindh govt increases doctors’ allowance
The Sindh government on Tuesday accepted the demands of protesting doctors and announced to enhance their allowances. A summary in this regard was approved by the Chief Minister Murad Ali Shah today. Thousands of patients in government-run hospitals were left unattended after doctors went on strike demanding increase in their salaries.
-PTI government to increase to 1,000 the number of cinemas across Pakistan
A delegation of a Chinese company on Monday called on Information Minister Fawad Chaudhry and expressed their interest to invest in Pakistan’s music and film industry The information minister said that government was planning to increase the number of cinema screens from 127 to 1,000.
Earlier, Fawad Chaudhry, on October 3, had said that the government was mulling to increase the number of cinema screens from 127 to 1,000 and added that more cinema screens would create 20,000 jobs and gave a boost to the film industry.
-‘Uzbekistan keen to enhance trade ties with Pakistan’
Uzbekistan Ambassador Furqat A Siddiqov said on Monday that direct and basic hurdles had been removed to promote bilateral trade between Pakistan and Uzbekistan. “Steps are underway to promote banking and air services in addition to ensuring safe transit of trade consignments through Afghanistan,” he said while addressing the members of the business community at Faisalabad Chamber of Commerce and Industry.
He said that Uzbekistan was a historic centre of Islamic heritage and culture. “I have come here from the land of ‘Imam Bokhari’ with a message of peace and love for Pakistani brethren,” he added. Regarding trade, he said that it had recorded three times growth as compared to last year, adding that Uzbekistan Air was managing weekly flight between Lahore and Tashkent while steps were being taken to start direct flights between Karachi and Tashkent.
-Pakistan Railways launches yet another new initiative
Pakistan Railways is starting Clean, Green and Behave Good campaign from 1st of next month. Announcing the campaign in Islamabad on Monday, Minister for Railways Sheikh Rasheed Ahmad said under the campaign cleaning drive will be held at platforms and trees will be planted on railway stations. He said the railways staff will behave with the commuters with exemplary courteousness and serve them with best services. The Minister said he himself will monitor the campaign which will continue till 28th of next month and will meet the commuters on platforms. He said a complaint cell has been set up at the Ministry of Railways to improve our service and end any corruption and malpractice. He called upon the people to discourage such passengers who travel without tickets.
-Peshawar BRT Project to Include Facilities for Differently-Abled People
The PTI-led provincial government has amended the initial design of Peshawar’s under-construction Bus Rapid Transit (BRT) project to make it usable for differently-abled people.
Chief Minister Khyber Pakhtunkhwa (KP), who has promised to complete the project by March 23rd, has been very vigilant and makes frequent visits of construction sides. He visited several sites on Sunday and reviewed the area where he informed that the government had amended the original plan to add facilities for differently-abled as per international standards.
-Gilgit Baltistan set to open first ever cardiac hospital
Gilgit-Baltistan Chief Minister Hafiz Hafeez-ur-Rehman will inaugurate a fifty-bed first ever cardiac hospital of Pakistan’s northernmost administrative territory on Tuesday.
The area notables and public representatives will attend the function.
Adviser to CM Shams Mir said the project would be completed at an estimated cost of Rs 1.5 billion which were allocated in Public Sector Development Programme (PSDP). The hospital would be completed in a record time of 18 months, he added.
-Night navigation system for the large vessels has been launched at Port Qasim for the very first time in the history of Pakistan.
Night navigation system for the large vessels has been launched at Port Qasim for the very first time in the history of Pakistan. Before this, the port was being used to get ships docked in the morning only. This will not only help in continued operations at the port 24/7 but also benefit Pakistan in millions of dollars.
-Federal government released big amount for mega projects including Gwadar
The government on Wednesday released around 1424.553 million rupees for various projects of the Finance Division under the Public Sector Development Programme (PSDP) during first seven months of the current fiscal year. The government also released 200 million rupees for the Gwadar Development Authority, whereas another 200 million rupees have been released for Khyber Institute of Child Health and Children Hospital Peshawar).
-PTI government to establish Poverty Alleviation Coordination Council
Minister for Planning, Development and Reforms and Statistics Division, Makhdoom Khusro Bakhtiar has underlined the need for harnessing the vast reservoirs of natural resources and minerals to spur economic and trade activity. Addressing a session on ‘Development Priorities for Pakistan’ organized by UNDP and Planning Commission in Islamabad on Tuesday, he said the incumbent government is giving priority to equal development of all areas of the country as part of national development strategy. He said the Equal Regional Development Strategy is aimed at bringing underdeveloped areas of the country at par with the developed ones.
-KP government to setup 5 new Skiing Resorts, 20 new Tourism sites across province
Khyber Pakhtunkhwa Senior Minister for Tourism Atif Khan Monday said that new visa policy would facilitate foreign tourists and promote tourism potential of the country. An official communique issued here said that KP Minister in a meeting with Foreign Minister Shah Mehmood Qureshi told him that the provincial government would set up five new skiing resorts while develop 20 new tourists sites for promotion of tourism. He urged the foreign minister to take on board the diplomatic mission and embassies regarding new visa policies for tourists. He said currently Islamabad is visa on arrival facility with 50 countries and e-visa with 175. The KP Minister said that as per the vision of Prime Minister Imran Khan, the government would facilitate the tourists upon their arrival and maximum facilities would be ensured at new and existing tourists’ resorts.
-Pakistan to be connected with Russia through land route via Central Asian States: Report
Uzbekistan Ambassador Mr. Furqat A. Siddiqov has said that Uzbekistan , Tajikistan, Russia , Afghanistan and Pakistan were considering a joint proposal to open land route through Afghanistan by offering logistic, trade and transit facilities to the exporters of this region. He further said that road distance between Pakistan and Uzbekistan was only 700 miles through which it could also have access to the other landlocked Central Asian states in addition to making exports to the European Union countries.
-Finance Minister Asad Umar hints at further economic and taxation Reforms in country
Federal Minister for Finance and Economic Affairs Asad Umar on Monday expressed the resolve to simplify the taxation system to facilitate the taxpayers especially the business community at large. He was talking to businessmen and office-bearers of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) here at Federation's Regional Office. State Minister for Revenue Hammad Azhar and Federal Board of Revenue (FBR) Chairman Jahanzeb Khan also accompanied the Federal Finance Minister. FPCCI President Daroo Khan Achakzai, FPCCI Regional Chairman and Vice President Abdul Rauf Mukhtar, Vice President Shireen Arshad Khan and other prominent businessmen also shared their views. The finance minister added that simple mechanism for tax returns and sales tax was need of the hour to restore confidence of the industrialists and businessmen. He assured that new and trouble-free system for tax return would be put in place during the current year. He, however, stressed the need for implementation of an effective tax audit system that would not only control tax evasion but also help real collection of tax revenues.
Indian Startups Last Week: 30th Jan - 4th Feb
submitted by indianstartupguy to india [link] [comments]
Poor Indian cos, Capital dumping on one side, H1B on the other The weekly fix
The weekly fix will delve into the unforeseen depths of never-before heard scoop into the brazen world of Indian startups. Naww, I’m kidding. This’ll cover the announcements and news by the various startups, of the various startups and for the various startups.
- Snapdeal suspends its affiliate program amidst cash-crunch woes. [ETTech]
- Taking government head-on: Uber, Ola continue operating their ride-sharing services in Karnataka. [ETTech]
- Times Internet launches ETInsure,an online insurance portal. [ETTech]
- Amazon looks to set-up a wholly-owned venture in India to stock food items and sell them online. [ETTech]
You can even get to a billion dollar paper valuation, or unicorn. But a unicorn on paper might by a walking unicorpse. A crapicorn, if you will - Paul Graham
- Franklin Templeton Private Equity exits the local news and content platform with a 3-fold gain by selling its stake to Bytedance, a Chinese content aggregator. [ETTech]
- Vanguard Group has reduced the valuation of its stake in Ola by 40%. [Inc42]
- Stockroom, a curated platform for developers has raised an undisclosed amount of funding in Pre-Series A round from Satya D Sinha and Gyanendra Singh from MANCER Consulting. [Inc42]
- Heads Up For Tails, an online and offline portal for luxury pet items has raised $2 Mn(approx. ₹13 Cr) in a Pre-Series A round from a group of HNIs. [Inc42]
- Clodura, an automated lead-generation startup has raised an undisclosed amount of funding. [VCCircle]
- Yolo Health, a Mumbai-based Healthcare startup has raised $235K(approx. ₹1.5 Cr) from Chandigarh Angels. [VCCircle]
- Tradeshift, a business process platform has raised an undisclosed amount of funding from Wipro's venture arm. [VCCircle]
This section looks at the different announcements by the governments (states and central) and nationalised companies to ride the startup train.
Mergers and Acquisitions
- NITI Aayog selects 6 Startup Ecosystem builders under the Atal Innovation Mission [ETTech]
Generally, we have found that entrepreneurs are very knowledgable about their particular business, but they’re very shallow in their knowledge about business practices that help drive value and efficiency.” – John McNamara
Here are all the mergers and acquisitions in the last week.
- CureFit acquires Tribe Fitness Club, a chain of fitness centres [Medianama]
- Slicepay, a fintech platform acquired Trustio, a P2P lending platform. [ETTech]
This section is dedicated to those who couldn’t make it. Those who tried, but failed. Those who raised, but burned. Those who stood, but had to sit.
Recommendations of the week
- No shut downs were reported this week.
Articles * Becoming Warren Buffet, the man and not the investor NewYorker]
Book 1) The Dark Money - Jane Mayer [Amazon]
Last Week's post: Startups this week
Sir M Visvesvaraya Institute of Technology
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Direct Admission in Sir M Visvesvaraya Institute of Technology(Sir MVIT): Sir M Visvesvaraya Institute of Technology (Sir MVIT)
is a reputed Institute of the state of Karnataka supported by Sri Krishnadevaraya Educational Trust (Sri KET) in 1986. The institute offers 9 B.E. degree programs in Mechanical, Civil, Electrical, Computer Science and Engineering, Electronics & Communication, industrial engineering & Management, Information Science, Telecommunication, and Bio-Technology and 4 Masters Programs in Business Administration, Computer Applications, Computer Integrated manufacturing, and electronics.
The Sir M Visvesvaraya Institute is approved by AICTE(All India Council for Technical Education), New Delhi, affiliated to VTU(Visvesvaraya Technological University) and is accredited by National Board of Accreditation(NBA), New Delhi. Sir MVIT is an ISO 9001:2008 Certified institution. Department of mechanical engineering, Department of Electrical Engineering, Department of physical science & Communication Engineering, Department of Biotechnology, are declared R&D centers by the university.
Sir M Visvesvaraya Institute of Technology is placed on a colossal campus of 133 acres on the Bellary road close to Air Force Station, Yelahanka, near to Bengaluru International airport (21km from metropolis town station). The institute has 260 well-experienced school members(Faculties) & 2800 students &vtotally equipped labs (including project labs), seminar halls (For every department adequately equipped with multimedia system facilities).
Sir M Visvesvaraya Institute of Technology Companies and Collaboration:
All the students admitted to the institute are covered by insurance for life and medical aid. The college includes a full-fledged coaching & placement cell headed by a political candidate with Brobdingnagian experience in the hour / HRD matters. Top companies like WIPRO, INFOSYS, Aditi TECHNOLOGIES, COGNIZANT, De-Shaw, HP, TCS, TATA ELXSI, CROMPTON GREAVES, ACCENTURE, HCL Technologies, Robert Bosch, ITC INFOTECH, L&T INFOTECH, SASKEN, CARITOR India, LG SOFT, BIRLASOFT, SASKEN, sonata SOFT, ACCORD software. HUGHES, CATER PILLAR, SATYAM, MINDTREE, IGATE, IFLEX, etc are conducting field recruitment within the institute students on a continuous basis. each year around thirty-five to forty top companies (including non-IT companies) visit the institute and ninety to 100 percent students area unit placed.
This institute is known by AICTE(All india Council for Technical Education) as a c- nance training center. apart from the curricular activities, there are adequate facilities for sports / games, cultural activities.
The vision of Sir M Visvesvaraya Institute of Technology is to become an autonomous Institute and later to be a Deemed University of repute through combined efforts of our management, faculty, and students.
Features of Sir M Visvesvaraya Institute of Technology:
- Departmental Forums – every department includes a forum to update the data of students and workers in their fields of studies. 3 hours weekly are exclusively earmarked for this purpose.
- Seminar hall with trendy facilities in every department.
- Objective type testing for information upgradation.
- Project Laboratory and Wireless computer network for college students to hold outcomes as a part of their syllabus.
- Hobby centre for inventive work in science and engineering.
- Central Instrument Service facility.
- Sanskriti, a cultural forum.
- Kalanjali, an Inter-collegiate cultural entertainment.
- Technotsav, an inter-collegiate technical competition and a conference on recent advances in technology to coincide with National Technology Day on eleventh of might every year.
- Outdoor Sports complicated, touch thirty acres, comprising of stadia for Soccer, Cricket, Hockey, lawn tennis associated Volley Ball courts and an Athletic track.
- Indoor Games complicated, having facilities for Shuttle badminton, table tennis and different indoor games, a well-equipped Gymnasium.
- N. Narayana Raju Memorial Inter-Collegiate Cricket Tournament.
- Uninterrupted power supply.
- Local Guardian scheme to provide personal attention to every student by the staff.
- Rain Water gathers to satisfy water wants within the field.
- Subscription of E-Journals published by INDEST-AICTE association.
Courses in Sir M Visvesvaraya Institute of Technology:
Undergraduate Courses in Sir M Visvesvaraya Institute of Technology:
- Computer Science and Engineering
- Information Science and Engineering
- Electrical and Electronics Engineering
- Biotechnology Engineering
- Telecommunication Engineering
- Electronics and Communication Engineering
Postgraduate Courses in Sir M Visvesvaraya Institute of Technology:
- Master of Business Administration
- M.Tech in Computer Integrated Manufacturing(CIM)
- M.Tech in Electronics
- Master of Computer Applications
- M.Tech in Biotechnology and Biochemical Engineering
M.SC(ENG/Ph.D.) Courses in Sir M Visvesvaraya Institute of Technology:
- Mechanical Engineering
- Electronics and Communication Engineering
- Computer Science and Engineering
- Information Science and Engineering
Admission procedure in Sir M Visvesvaraya Institute of Technology Through Management Quota, COMED-K, and CET:
Admission through management Quota:
25% of the seats of the full intake are to be filled through management quota. provisionary admission formality starts within the month of Apr every year. Students can approach the Trust office directly face to face for queries.
Admission Through COMED-K:
The consortium of the management of the private colleges of Karnataka conducts this take a look at tentatively within the month of may every year. both Karnataka & Non-Karnataka students will seem for this test. a half-hour of the seats of the full intake is to be filled through COMED-K test. For a lot of details, go browsing to the website: http://www.comedk.org
Admission Through CET:
Government of Karnataka conducts CET(Common Entrance test) tentatively within the month of Apr every year. karnataka domicile students will apply for this test and therefore the allotment of the seats is completed online. forty-fifth of the seats of the full intake is to be stuffed through CET. additionally, to the present, five-hitter of Super-numerary quota (SNQ) seats also are created obtainable for the meritorious- economically weaker students with the tuition fee release provision.
Eligibility Criteria in SMVIT:
- Computer Science and Engineering
- Information Science and Engineering
- Electrical and Electronics Engineering
- Biotechnology Engineering
- Telecommunication Engineering
- Electronics and Communication Engineering
- Students should be passed 10+2 examination with mathematics, physics and along with Biotechnology/Chemistry/Biology/Technical Vocational Subjects.
2. B.E.(3 YEARS Under Lateral Entry):
- Computer Science and Engineering
- Information Science and Engineering
- Biotechnology Engineering
- Telecommunication Engineering
- Electronics and Communication Engineering
Diploma in any AICTE approved college or passed in any equivalent exams. Aggregate 45% marks in 12th
3. M.Tech(2 years):
- Computer Integrated Manufacturing
- M.Tech- Biotechnology & Biochemical Engineering
Candidate must be passed in a bachelor Degree or Relevant Field. Aggregate atleast 50% marks(45% in case of a candidate who belongs to Karnataka).
4.Master of Business Administration(2 years):
- Human Resource
Any Degree from authorized University. Minimum Aggregate of 50% Marks.
5. Master of Computer Applications(3 years):
- M.C.A(2YEARS Under Lateral Entry).Admission Through KEA.
Students should be passed in 12th mathematics is a mandatory subject. Any degree recognized by the university. Minimum aggregate of 50% marks in degree.
Placement in Sir M Visvesvaraya Institute of Technology:
The coaching and placement cell of the college is extremely effectively engaged in developing the scholars altogether required skills and putting in top companies. Students are apprised on a never-ending basis through seminar and workshops etc. concerning higher learning opportunities in India and abroad. Right from the fourth semester forward, regular training is conducted on total personality development and personal grooming of the scholars. Minimum thirty-five to forty prime corporations visit the school each year between ninetieth to 100 percent students square measure placed. the position covers all branches equally together with non-IT branches Mechanical, Civil, IEM, Biotechnology, etc and a decent range of non-IT corporations additionally visit the college on the never-ending basis in conjunction with IT corporations. The coaching associated placement of the school is headed by an MBA(HR) qualified training placement officer with twenty-eight years of expertise on HHRD connected activities tasks.
Sir M Visvesvaraya Institute of Technology Placement in 2018:
42 Offers Issued To Biotech Students: 03 top Core Bio-Tech corporations Visited – Syngene, Omics International and Bio want. In TEMENOS, fifteen Students Cleared Technical Interview And Went For an hour. All Of Them Got chosen In hour making It 100 percent Conversion Rate. (All branches were permitted) Accenture Picked Up one hundred seventy Students.
28 Offers Issued To Civil Students. Following top companies Conducted campus For Civil Students: Nagarjuna Constructions, RCC Poles And Pipes, Taal Tech, Ritikaa Wood, Qcrete Readymix, And Sobha Developer. Top Mechanical Core Visited: Qcrete Readymix, Cyient, Odessa, Continental Automotives, Avtec, Auma, Wad Pack, Ritika Wood, Weir Ensci Etc Top Electrical, electronics, telecom companies Visited: Kpit, Danske, Sane Lec, Robert bosch, Cyient, Continental Automotives, Etc.
Some high package Companies Which Visited in 2017-18:
- Media.Net: 30 Lakhs
- Temenos: 50 Lakhs
- Blu Optima: 10 Lakhs
- Tally Solution: 06 Lakh
- Target Inc: 8.50 Lakhs
- HPE: 50 Lakh
- Odessa Technology: 8.50 Lakh
- VM Ware: 8.50 Lakh
- Orientation programmes for 1st Semester students.
- Extensive training program underneath the targeted attention scheme for Pre-final and Final Semester students.
- Semester-wise training programme in Personal Grooming and Total personality Development.
- Conducting Mock/Simulated exercises on a continual basis for Pre-final and Final Semester students in aptitude, Technical Skills, and hour interviews.
- Pre-placement training for PG students (MBA, MCA, M.Tech.) in required skills, leadership and managerial designs.
- Company-specific training on the format of the interview, viz. Aptitude, group discussion and General/Technical interview.
- Batch-wise counseling of students on career-related issues every day.
- Conduct of seminars on temperament Development and on Higher academic Prospects on a regular basis by tantalizing eminent consultants from reputed agencies.
13 Secrets of Personal Branding from SaltBae and Chicken Connoisseur
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13 Secrets of Personal Branding from SaltBae and Chicken Connoisseur
I’ve rejiggered (this is an actual word) this post for Reddit so you can enjoy it without having to click on a link.
Fair warning, it’s long (almost 4k words.) Today’s post is on personal branding.
With a twist, because how else am I going to say something fresh about a topic that’s been done to death.
Every once in awhile the Internet will produce something so marvelous, so magnificent, so astounding, it seems like the entire World stops to take note.
We crudely call this “going viral,” which doesn’t even begin to capture how amazing these human experiences are.
Enter SaltBae and the Chicken Connoisseur Unless you have been living under a rock, are from another planet, or have no access to the internet, you probably know who both these men are.
Nusret Gokce, restaurateur and owner of posh steakhouse Nusr-et, known to the internet as SaltBae.
Elijah Quashie AKA the Chicken Connoisseur, host of the Pengest Munch.
I’m not fussed about their going viral Virality is hard to predict and almost impossible to replicate.
I’m more interested in looking for insights relevant to us as small agencies that we CAN replicate.
Saltbae and Chicken Connoisseur present us with a rare opportunity.
Let’s look at what’s common between them.
The kind of character you can’t even imagine even if you wanted to make one up.
- Both went viral within a month of each other.
- Both are video content.
- Both are food-related.
- Most importantly, both are one-of-a-kind characters.
So instead of talking about virality I want to talk about personal branding because there’s a lot we can learn from them.
It’s all highly relevant to the Marketing & Advertising scene in Dubai.
Super-crowded market, lots of competition, lookalike agencies everywhere, and ripe for disruption.
Stand out from the crowd with Personal Branding Personal branding is one of the easiest ways to differentiate yourself in a saturated industry like marketing, in a saturated geography like Dubai, where everyone offers the same services in much the same way.
It can be particularly effective for small agencies in Dubai who are trying to compete with the big boys – the Leo Burnetts and Memac Ogilvys of our region.
In this post I am going to go through 13 personal branding lessons from SaltBae and Chicken Connoisseur you can, hopefully, use to grow your business and make more $$$.
1) You need to find your niche The first thing that immediately stands out is SaltBae and Chicken Connoisseur focus on ONE thing.
A niche of a niche.
SaltBae does big-ass steaks, Chicken Connoisseur does chicken wings and strip burgers.
Do you think either would have gone viral if SaltBae was just another wannabe celebrity chef or Chicken Connoisseur was a generic food-review Youtuber?
No, the schmancy eatery game and food Vlogging game are saturated as f***.
Marketing & Advertising in Dubai is the same.
As a small agency, you don’t have the luxury of offering every service under the sun.
You will get smashed by the big agencies who have the economies of scale to do everything in-house.
I’m so sick of every agency website I visit having the same value generic proposition.
“We are a full-service agency who specialize in…”
No, dude. You’re not a “full-service” anything.
You’re 5 guys, sharing office space with 2 other “full-service agencies,” outsourcing everything but your sales team to India.
Repeat after me…
“I need to find my niche... Especially in an industry that’s as broad and deep as marketing:
I need to find my niche...
I need to find my niche.”
Print advertising, mass communication, TV/radio ad buys, PR, PPC, SEO, Social Media marketing, Re-marketing, Inbound marketing, content marketing, e-mail marketing, affiliate marketing, brand marketing, yadda yadda yadda.
It’s a sea without a shore.
How are you going to differentiate yourself from your competitors for “marketing” as a whole?
You can’t. It’s impossible.
And if you can’t differentiate yourself, your business is fungible.
If your business is fungible, the only way you can compete is on price.
So, now we have a s***ton of lookalike “full-service agencies” who have to be the cheapest to get work.
And they have to cut corners to make any kind of profit, which means the quality tanks.
It’s a vicious cycle. So, break the cycle.
You need to be the go-to guy for one specific thing.
Notice I’m not saying you need to ONLY do this one thing.
Eventually, once you’ve maxed out your credibility in your niche (or even gotten to 80%,) you can branch out. (More on this in no. 4 and no. 5.)
At Dropkick Copy we:
So, for example, we’ve turned down brand marketing writing jobs and jobs in the insurance space.
- Only work with small agencies
- Only do web copy and content strategy
- Don’t work with certain industries
It was easy money and we could have taken them, but we want to play the long game.
There’s a cool side-effect of being #1 in your niche – you can charge a premium for your services and people will gladly pay.
2) YOU are the Value Proposition I’ve seen a lot of haters online saying “I can be #saltbae. All I need is a sharp knife and sunglasses.”
Nah, son. You can’t.
Same goes for Chicken Connoisseur.
I actually had the idea to copy him – I would go around Dubai reviewing Mandi spots.)
Then I came to my senses and realized that:
Anyway, my point is this.
- I’m not obsesed with Mandi and it would get old, fast.
- I do very poorly with carbs (seriously, one time I was THIS CLOSE to crashing my car because I went into a carb coma after eating biryani.)
YOU are the value proposition.
More specifically, your personality.
Not your business, which is a licensed name, a logo, and an office – all inanimate objects.
You, the person.
Every agency has one person (or several) with a charismatic personality who can act as the “face” of the agency.
It’s a combination of a lot of different things but they’ve got that “it” factor.
Some people are born with it, but don’t get it twisted – charisma is a skill that can be learned.
It’s probably best if your Faceman is the founder or CEO, but it could work just as well with someone else in your team – Head of Marketing, PR, etc.
[Image of Faceman from the A-Team]
We’re only a two man team at Dropkick Copy but both my brother and I have memorable personalities. More on this in no. 11.
3) You need a “Calling Card” While the core of having a likeable personality is key, you also need to have something unique about you.
It’s the one thing people will always remember about you. Like a calling card.
For SaltBae, it’s his grandiose, salt-sprinkling flourish.
[Image of #saltbae sprinkling salt]
For Chicken Connoisseur, it’s his Crepcheck at the beginning of every episode.
[Image of #crepcheck definition in Urbandictionary.com]
For Ramit Sethi, it’s his eyebrows.
[Image of Ramit’s eyebrows]
For Neil Patel, it’s is crazy marketing experiments like “Who is Neil Patel?” (no link because it’s NSFW) and “how Spending $162,301.42 on Clothes Made Me $692,500.”
I have my own signature – shaved head and massive beard.
(The red tie is deliberate, too. More on that in no. 7)
In a world of short attention spans, you need an edge to stand out from the crowd.
Pick something that’s unique about you, and magnify it. Draw attention to it. Regularly.
It could be anything – the way you look, the way you dress, your body language, your speech patterns, your smile, a color you’re never seen without. Whatever.
Just stand out. Or be forgotten.
4) Use the Halo Effect This is a byproduct of having a niche.
By first focusing on a niche to create credibility and trust with your audience, you can leverage a cognitive bias known as the Halo Effect.
It’s the tendency we humans have for an impression created in one area to influence opinion in another area.
Here’s a great example, when Elijah (Chicken Connoisseur) is asked to review turkey sandwiches by BBC Radio 1Xtra’s Charlie Sloth (watch from 1:55 onwards.)
Here’s an example of Nusret (SaltBae) commenting on Family.
The caption reads:
A man who does not spend time with his family is not a real man. (Those aren’t his kids, btw. They are his extended family. He’s allegedly not married.)
The key here is to use the Halo Effect ethically.
Don’t use it to extend your credibility to subjects you know f***all about.
For you, as a marketer, once you’ve developed trust in your niche, the Halo Effect is an excellent way to branch out into other niches.
How we use it at Dropkick Copy is, we will only write about topics related to Conversion Copywriting and Content Strategy until we generate enough credibility in these niches to branch out.
5) Focus on one Channel This is somewhat related to having a niche.
SaltBae’s thing is Instagram.
Chicken Connoisseur’s thing is Youtube.
They know how it works and it’s working FOR them so, for now, there’s no strong reason to divert valuable resources on other channels (e.g. Facebook Live or Periscope.)
Look, there are only so many hours in the day.
And you have an agency to run.
So you need to limit your personal branding efforts to 1-2 channels, especially when you are starting out.
It’s also another opportunity to use the Halo Effect described earlier.
For example, if you are a blogger, you can leverage your existing audience when you start a podcast.
There’s a caveat here, though.
You can have your fingers in several channels by saying yes to invitations to do guest appearances.
Technically, depending on your availability, you could be blogging, guest posting, Youtubing, podcasting, live streaming, and public speaking.
When you’re starting out, say yes to every invitation.
As you become more popular and start to get incessant requests, you will have to be more selective.
We’ve been slacking when it comes to the Dropkick Copy blog (mainly because we are busy with passion projects – more on this in no. 11) but blogging is our primary content marketing channel.
Now, I’m not advocating anything crazy like shutting down all your social media accounts. Cal, you trippin’.
On the contrary, you need to “be present” on at least the 3-4 major social media platforms.
Just don’t let them distract you from your primary content channel.
6) The value of a Cameraman This only applies if Video is your chosen medium but you can apply the same concept to other channels.
When it comes to execution, this is the most important tactical insight you will gain from SaltBae and Chicken Connoisseur.
They aren’t the only one’s that do it – notable examples are Gary Vaynerchuk and Mike Rashid.
Just think about how much mental energy is freed up if you don’t have to fiddle with your phone, GoPro, or DSLR.
How much better will you be when you can focus entirely on your performance and communicating your knowledge and message?
Can you imagine SaltBae salting a steak while distracted by whether or not the camera angle is just right?
Or Chicken Connoisseur trying to comment on how “peng dem wings are” while fumbling with his iPhone, fingers slathered in chicken grease?
Do you think your viewing experience would be even remotely close?
Even from a practical perspective, this is a no-brainer.
Imagine you like to blog but you’re not a very good writer.
How much more motivated to blog would you be if you paid someone to edit your content?
Imagine you have a podcast but don’t have the time to create detailed show notes.
How much faster would your podcast grow if you paid someone to create transcripts for every episode and published them on your show’s website?
It’s well worth the investment.
We haven’t implemented something like this yet, but we plan to.
7) Appearances matter SaltBae and Chicken Connoisseur are always well-dressed and well-groomed.
SaltBae in particular, on top of being handsome, [looks after himself very well.](https://www.instagram.com/p/BOf69IPjCyD/_
[Image of a dapper Chicken Connoisseur]
First impressions matter.
Listen fam, you ain’t Zuckerberg innit.
You don’t get to walk into client meetings in jeans and a hoodie.
ESPECIALLY in a place like Dubai where even college kids show up on campus dressed like they’re going clubbing.
At the very least you need to rock a crisp, button-down shirt, slacks, dress shoes and a matching belt. That’s the bare minimum.
My uniform for client meetings is a navy-blue suit and red tie – pure color psychology.
8) It takes time, so be consistent SaltBae’s first Instagram post was almost 4 years ago. It has 2k likes.
Dude’s been consistent ever since.
He only went viral this week.
Now, his posts get 10s of thousands of likes. Some are over 100k.
His latest Instagram videos have millions of views.
Episode 1 of the Pengest Munch was a year ago.
Elijah and his team dropped 4 episodes, and were inactive for 9 months until releasing episode 5.
Episode 5 of the Pengest Munch was when the show got traction and went viral.
I was put on to Chicken Connoisseur / Pengest Munch by Zohra Khaku, CEO of Halal Gems and one of the stars of BBC’s hit reality TV show “Muslims Like Us.”
I remember checking out his channel back then when episodes 1-4 had only a few thousand views (hadn’t even broken 5 figures.)
Now, it could be that Elijah and his team got busy and didn’t have time to produce more content.
However, I will take an educated guess and say they produced 4 episodes, got low engagement, got demotivated and quit.
Then 3 months ago decided to give it another shot. And we’re so glad you did, guys.
It takes time to build up your personal brand.
There are no shortcuts.
Are you going to produce epic content right off the bat? Unlikely.
What you can do, is get better. Every post or episode is a chance to improve
As a marketer, your skill-set means you have an edge over non-marketers.
But you need to put in the work and pay your dues.
And don’t try to chase “going viral,” either. Better to build something lasting than be a flash in the pan.
9) IDGAF attitude What if SaltBae cared about criticism from Vegans over “animal abuse?”
What if Chicken Connoisseur cared about criticism from Black Lives Matter for “promoting racial stereotypes?”
They would have never started their channels and 10s of millions of people would have been deprived of immense joy.
You think Neil Patel gives a s*** about haters whining about his aggressive marketing campaigns and using barely clothed Instagram models to promote his brand?
The insights he provides based on results from his constant experimentation have made businesses 100s of millions of $$$.
At some point, as a content creator, you must resolve to just “do you.”
You’ll never be able to please everyone and you will always have haters.
People who are like you, will like you. http://businessandbullets.com/intergroup-bias/
As for the rest, why would you care about them anyway?
You probably started your agency so you can have freedom over who you work with.
Your personal brand will automatically attract clients who you will have chemistry with and repel clients who won’t.
How do we do this at Dropkick Copy?
Check out our first blog post.
It got an amazing response – positive and negative.
It was the first blog post I had ever written, originally published on LinkedIn before I launched DropkickCopy.com.
It went viral, made it to /bestof, and ranked top-5 on Google for a few long tail keywords.
The current version, though much more polished, doesn’t have nearly the same amount of juice (my fault – I made a lot of changes to this website.)
10) You need to enjoy it While I’m certainly a fan of Scott Adams’ “goals are for losers and passion is bulls***” advice (it just makes sense,) you need to at least
(The second follows from the first, as people like Scott Adams and Cal Newport explain.)
- Have some aptitude at the medium
- Enjoy what you are doing
You can’t blog if the thought of writing makes you crumple to the floor, curled up in the fetal position or your English (or whichever language you want to write in) is so poor you can’t communicate your ideas.
You can’t Vlog if you are mortally afraid of being on camera, are so socially awkward it physically hurts others to watch you or are hideously ugly.
“Enjoying it” is what keeps you coming back and creating consistently.
I know a guy who’s a beast at digital marketing – dude can hang.
He really knows his stuff and has tons of experience, but he’s a poor writer.
He does a lot of selling so he’s great communicator.
Blogging is a bad idea for him. What he can do easily, is podcast.
In our case, one of the reasons we’ve been slacking with blogging at Dropkick Copy is, we haven’t found anything interesting to write about. (More on this in no. 11)
I’m certainly not going to blog for the sake of blogging just to produce forgettable, lackluster, “meh” posts.
Read: (“Mirage Content” Is The Reason Your Company Blog Isn’t Generating Leads.)[https://growandconvert.com/content-marketing/mirage-content/]
Even if I wanted to create super-detailed evergreen content, I’d be competing with badasses like Joanna Wiebe of Copyhackers.
Read: The Ultimate Guide to No-Pain Copywriting (or, Every Copywriting Formula Ever.)
BUT I saw SaltBae blow up on social media a couple of days ago and saw Ramit Sethi give props to Chicken Connoisseur in his most recent blog post, and was inspired.
Something just clicked. This post is now at 2500+ words and I’m still not done writing.
11) Start a passion project / side project SaltBae is a successful restaurateur with spots in Istanbul, Dubai, and Abu Dhabi.
So, he likely does plenty of traditional marketing for his restaurant.
Which would technically make his Instagram a Side Project.
I know, it’s a loose association, especially since Chicken Connoisseur is ONLY a Youtuber for now.
BUT, It’s relevant to our experience as Dropkick Copy.
We’re a brand-new (less than 1 year old,) tiny copywriting agency and this is a saturated market.
We just don’t have the experience, social proof, or client list that other copywriters do.
Which makes it hard to write, speak, or pitch authoritatively.
That changes, however, when we add my credibility as a masculinity and men’s issues blogger and Irshad’s credibility as the Middle East’s #1 rapper (English) and as a podcaster.
This also goes to #3, having a calling card, and it’s something Raj Kotecha, CEO of Creative Content Agency and one of Gary V’s proteges, talks about as well.
If a potential client asks Irshad “what do you do?” and he replies “I’m a copywriter,” meh, whatever. There are 1000s of him.
If instead, he says “I’m a rapper,” suddenly the potential client is like “OHO. Tell me more!”
And then the natural response will be, “so what else do you do?”
NOW, when Irshad says “I also run a copywriting agency with my brother – we do conversion copywriting and content strategy,” how much more impact do you think he will have?
Also, think back to #10 for a minute.
How much easier would it be for us to create content related to our passion projects?
As a new agency, it even makes it easier for us to create remarkable content for Dropkick Copy because we have these unique experiences to draw from that no other agency has.
Plus, these side projects act as their own labs for us to test our skillsets in conversion copywriting and content strategy, which we can then use as case studies later.
I’ve even started another side project with our friends at Ubrik Media – the Digital Disruptors podcast – and we’ve got some really fun content planned. (The first episode is coming out soon, so keep an eye out for our announcements on social media.)
So yeah, start a passion project / side project. It makes personal branding fun, as opposed to work.
12) Put yourself out there This goes without saying but in order to grow your personal brand you need to get the f*** out there and make yourself known.
Neil Patel talks about this in a recent episode of his podcast. Listen: 7 ways to become a thought leader.
In it, he talks about how He was recognized as one of America’s top 100 entrepreneurs under the age of 30 by President Obama.
It’s a frickin’ application process! You submit your tax returns to some 3rd party and they make the selection on behalf of the White House.
Neil openly admits there were more successful entrepreneurs than he who didn’t make the list, only because he applied for the award and they didn’t.
SaltBae and Chicken Connoisseur would never have gone viral if they didn’t create content and release it into the World.
The Marketing School episode I linked above perfectly summarizes the key takeaways of this blog post.
At Dropkick Copy one way we’re implementing this is, we’ve started reaching out (and people have reached out to us) to deliver copywriting workshops to various audiences.
- Find your niche, find what SETS YOU APART.
- If you don’t stand out, you don’t get remembered.
- Don’t think that you’re too big or important for anything—just get your voice out there!
Last year we were a guest at a live webinar hosted by Optimizing for Happiness.
By the way, if you have a podcast or Youtube channel, or you’re hosting a conference, and you are looking for guest speakers, send us an email at nabeel [at] dropkickcopy [dot] com.
13) Leverage the Personal Brand of celebrities and other influencers This one is straightforward. Leverage the personal brand of celebrities and other influencers to boost your own.
SaltBae regularly posts selfies of himself with celebrity diners. Here’s one of him serving His Highness Sheikh Mohammed Bin Rashid Al Maktoum, the ruler of Dubai.
Here’s Elijah with U.K. rapper Bonkaz.
[Image of Bonkaz and Chicken Connoisseur]
Bonkaz was a guest on Episode 10 of the Pengest Munch.
You can make use of this by publishing case studies of high profile clients or interviewing subject matter experts with large online followings.
Another way to do it is by mentioning and linking out to influencers in a post, Vlog, or podcast (count how many I have mentioned so far) and either reaching out to them manually or letting their Google alerts ping them.
I have used both tactics effectively in the past and it’s driven 10s of thousands of readers my way.
Over to you I hope you’ve learned as much from SaltBae and Chicken Connoisseur as I did.
Most importantly, I hope you implement these lessons and take growing your personal brand seriously.
One last thing – have I missed anything? Do you have any personal branding insights you’d like to add?
P.S. This post was adapted from a blog post I wrote recently. If you want to read the original post, comment below. If enough of you are interested, I will post the link.
P.P.S. Since a few people have requested the link to the original post and there may be more coming, I think it's more convenient for everyone if I just link it here. Thanks, and enjoy. :) 13 Secrets of Personal Branding from SaltBae and Chicken Connoisseur
11 Books about Ethereum/Solidity/Blockchain/Trading.
submitted by bjarkespades to ethtrader [link] [comments]
Greets, everyone.. So I made a list of the best books out there about Ethereum/Solidity/Trading and a few about Blockchain in general to the people that want to get involved deeper and perhaps develop any Dapp or get better at Day trading.
Hope you like it. Ethereum: Blockchains, Digital Assets, Smart Contracts, Decentralized Autonomous Organizations
• by CreateSpace Independent Publishing Platform Amazon Link Book Picture
The book aims to help you get your head around blockchains in general and around Ethereum specifically. Since Ethereum is currently the pre-imminent blockchain, it makes sense as reference point. The essential stuff is the same for any blockchain. This text was written for people with a fast grasp, who are not programmers. Reading this should give you the basics to cut through the hype and to identify blockchain opportunities in your professional domain. There are tiny bits of code, which can be admired and skipped. Introducing Ethereum and Solidity: Foundations of Cryptocurrency and Blockchain Programming for Beginners
• by Apress Amazon Link Book Picture
Learn how to use Solidity and the Ethereum project – second only to Bitcoin in market capitalization. Blockchain protocols are taking the world by storm, and the Ethereum project, with its Turing-complete scripting language Solidity, has rapidly become a front-runner. This book presents the blockchain phenomenon in context; then situates Ethereum in a world pioneered by Bitcoin. Mastering Ethereum: Building Smart Contracts and Dapps 1st Edition
• by Andreas M. Antonopoulos (Author), Gavin Wood (Author) Amazon Link Book Picture
With this practical guide, you’ll learn how to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract), and many other things that have not been invented yet, all without a middle man or counterparty risk. Ethereum Programming – August 4, 2017
• by Alex Leverington (Author) Amazon Link Book Picture
This book shows you how to build decentralized, resilient, unstoppable apps with Ethereum. We'll start with the basics, what ether is and how to acquire and use it, what DApps are and how they're relevant for developers and businesses of all sizes. Then we dive straight into examples that explore the concepts. Moving on, we'll design and build powerful, unstoppable applications that use Ethereum for their state storage. Finally, you'll see how to test and launch your app to provide resilient, unstoppable, reliable services to your users. Blockchain Revolution: How the Technology Behind Bitcoin Is Changing Money, Business, and the World
• by Don Tapscott , Alex Tapscott ( No1 Best Seller Money & Monetary Policy & Digital Currencies) Amazon Link Book Picture
Blockchain is the ingeniously simple, revolutionary protocol that allows transactions to be simultaneously anonymous and secure by maintaining a tamperproof public ledger of value. Though it’s the technology that drives bitcoin and other digital currencies, the underlying framework has the potential to go far beyond these and record virtually everything of value to humankind, from birth and death certificates to insurance claims and even votes. The Business Blockchain: Promise, Practice, and Application of the Next Internet Technology
• by William Mougayar (Author), Vitalik Buterin (Foreword) Amazon Link Book Picture
The Business Blockchain charts new territory in advancing our understanding of the blockchain by unpacking its elements like no other before. William Mougayar anticipates a future that consists of thousands, if not millions of blockchains that will enable not only frictionless value exchange, but also a new flow of value, redefining roles, relationships, power and governance. In this book, Mougayar makes two other strategic assertions. Blockchain: Blockchain, Smart Contracts, Investing in Ethereum, FinTech
• by Jeff Reed Amazon Link Book Picture
Learn About the Emerging World of Financial Technology, and What They Won't Teach You In School.. Jeff Reed has packaged four of his best-selling book so you can learn everything you need to know about financial technology in the 21st Century. By purchasing this book you're getting Blockchain, Smart Contracts, Investing in Ethereum, and Smart Contracts...a sweet 4-in-1 bundle deal (which Jeff considers a steal)! Investing in Ethereum: The Ultimate Guide to Learning--and Profiting from--Cryptocurrencies
• by Oscar Flyn Amazon Link Book Picture
Ethereum is now one of the hottest platforms to trade cryptocurrency on today. It’s growing by leaps and bounds every day, and it offers a different range of services that Bitcoin just doesn’t deliver. It’s also fairly simple to understand and is a low to no cost system to start on. Now, in this book, you’ll get the inside look at this new and virtually untapped network--. You’ll learn all about Ethereum, it’s amazing benefits, its relationship to bitcoin, its decentralized nature, and the potential pitfalls to watch out for. The Internet of Money
• by Andreas M. Antonopoulos Amazon Link Book Picture
Andreas goes beyond exploring the technical functioning of the bitcoin network by illuminating bitcoin’s philosophical, social, and historical implications. As the internet has essentially transformed how people around the world interact and has permanently impacted our lives in ways we never could have imagined, bitcoin -- the internet of money -- is fundamentally changing our approach to solving social, political, and economic problems through decentralized technology. Ethereum: A look into the world of Ethereum and how to trade and invest this cryptocurrency!
• by Ben Abner Amazon Link Book Picture
You’re about to discover how to... I want to thank you for downloading the book, Ethereum Trade and Investment. This book contains all the information that you need to know about Ethereum in a compact and to the point format. The book is targeted toward people who love to learn about investing, trade and new money making opportunities. Mastering Bitcoin: Unlocking Digital Cryptocurrencies 1st Edition
• by Andreas M. Antonopoulos Amazon Link Book Picture
Mastering Bitcoin is essential reading for everyone interested in learning about bitcoin basics, the technical operation of bitcoin, or if you're building the next great bitcoin killer app or business. From using a bitcoin wallet to buy a cup of coffee, to running a bitcoin marketplace with hundreds of thousands of transactions, or collaboratively building new financial innovations that will transform our understanding of currency and credit, this book will help you engineer money. You're about to unlock the API to a new economy. This book is your key.
Edit: 1 Book added Suggested by: scarpoochi Digital Gold: Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money
• by Nathaniel Popper Amazon Link Book Picture
Bitcoin, the landmark digital money and financial technology, has spawned a global social movement with utopian ambitions. The notion of a new currency, maintained by the computers of users around the world, has been the butt of many jokes, but that has not stopped it from growing into a technology worth billions of dollars, supported by the hordes of followers who have come to view it as the most important new idea since the creation of the Internet.
Msg me if you want me to add another book (affiliate links)
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