Finance, Tech and Everything Else...

 If you haven't read the previous chapters of 'The Adventures of Debit & Credit - A punny accounting story', then you should check them out first! Chapter 1 - Let us go to Finance! Chapter 2 - Meeting Income and Expense Chapter 3 - The Data Leak The story so far: Debit and Credit leave their planet of Accounting and settle down at the Planet of Finance for fun and adventure. They start working at the biggest market in the entire galaxy – The Stock Market & Co., however, things turn around when the largest data leak in the history of the galaxy occurs.  Fun fact 1 – The currency for the planet of Economics, Finance, and Accounting is called monies. Fun fact 2 - Twitter exists in every galaxy of this world. -- Chapter - 4 - Why and Taxes The mood after ‘The Leak’ as it was dubbed by the newspapers was bland. The newspapers were filled with blood and gore.  “Babe, could you pass me the newspaper?” Profit&loss asked Balancesheet, as he took a chair at the tab...

 If you haven't read the previous chapters of 'The Adventures of Debit & Credit - A punny accounting story', then you should check them out first! Chapter 1 - Let us go to Finance! Chapter 2 - Meeting Income and Expense Chapter 3 - The Data Leak It was an ordinary day at work, however just as the sea is always the calmest before a Tsunami, ordinary things preceded the extraordinary. (Also ordinary symptoms such as cold, cough, fever, and sore throat precedes coronavirus, so if you have these common symptoms get yourself tested.)    All four of our characters were peacefully focusing on their work, clicking away at their screens until Income yelled out from his cubicle, “What the ……GUYYYSSS...did you look at the news?” “Why what happened?”, Debit asked nonchalantly, turning around in his chair.    “Oh my god! This shit is huge…maaann, this is gonna blow your mind up! Come see!” And that is pretty much how Debit, Credit, Income, and Expense sat huddled in...

 In case you haven't read Chapter - 1 - Let us go to Finance! yet, click  here  to read it first! Chapter - 2 -  Meeting Income and Expense Debit and Credit listened to it all, with wide-starry eyes, this was mind-blowing stuff. Like legit, amazing! The stock market was an amazing concept. A billion-dollar company with an amazing foundation. The first half of the induction flew by in a jiffy. It was fun and interesting and soon it was time for lunch and the meet and greet, where you would be meeting your coworkers.  Lunch was great (That is pretty much the highlight of office life) and then it was time for the meet and greet. Now, meet and greet is a big deal. Even if your work sucks, but if the people around you are great, you will still get by. So it mattered a lot and they did want to get along well with their colleagues. So, very obediently, Debit and Credit, sat in the waiting area, waiting for their colleagues to show up. It seemed that pretty much everyon...

Chapter - 1 - Let us go to Finance! Once upon a time, in a faraway galaxy there lived two twin brothers called Debit and Credit, on the planet named Accounting.  The curious case of Debit and Credit was even though they were very different like chalk and cheese, both of them really complemented each other. They finished each other and completed each other, without one the other couldn’t exist; such was their famed brotherhood.   Now, everything said and done, they lived in the world of Accounting, and to be honest, the world of Accounting was dull and drab, it was chores and work all the time. However, their neighboring planet wasn’t so. It was rumored that the planet of Finance was glitzy and glamorous, charming, and scandalous.  The planet of Finance was the most powerful and well known throughout the entire galaxy for its showbiz! The planet of Finance arrogantly boasted, in fact quite often, that it was such an integral part of the system that without it the enti...

In 2008, Chinese doctors were puzzled and afraid. They had no clue what was going on. Every day, the figures kept on increasing. The figures of infants having kidney stones. If you don’t know the amount of pain a kidney stone can inflict, then imagine you are walking down the road, leisurely humming a tune, and then all of a sudden a fast spinning cricket ball comes and hits you on your side. The pain was so unbearable that you let out a terrifying scream and fall to the ground, clutching the side of your abdomen. Ouch! Well, in order to give you more perspective, in a survey conducted in 2016, among 287 kidney stone patients, the patients rated the pain being very similar to childbirth. It is the closest a man will get to experiencing the pain of childbirth! Alas, for the doctors in China to watch children as small as three-month-old falling victim to this painful disease was gut-wrenching. The worst part, they could not figure out what was wrong. Parents were going berserk. The do...

Bewildered or better yet befuddled or even better blown out of their minds, that was the reaction of people when they heard oil hit negative. One might wonder how can a commodity price go negative. How can the buyer be paid to purchase oil, I mean if someone paid me to shop, that would be amazing right? Well, let us try to understand a few things first.  I promise to super simplify it for you. This will be in 2 parts. 1st one is the Global oil scenario and the 2nd one is the negative oil price. Part 1 – Global Oil Scenario. What is OPEC? OPEC (Organization of the Petroleum Exporting Countries) is group of oil exporting countries who control the prices by regulating supply and demand. How can they do this? Because this group own’s the majority of world oil reserves and they are the top producers of oil.  OPEC was formed way back in 1960. OPEC currently has 13 member countries. What is OPEC +? In 2016, OPEC countries and Non-OPEC countries who produced oil joined ...

Read the first four parts here Artificial Intelligence - A New Future - Part 1 Artificial Intelligence - Technical Nuances - Part 2 Artificial Intelligence - The Employment Scenario - Part 3 Artificial Intelligence - The Employment Scenario - Sector-wise Analysis - Part 4 Technology is coming and is going to come and it will be a key driver of growth in the future. Therefore, we need to change our perspective from Humans versus AI to Humans with AI. As Garry Kasparov rightly said, “The future is of “human plus machine combination” — merging the brute force of calculation, machines, and algorithms with human experience and strategic overview”. Rather than looking at AI only from the angle of employment, we need to tilt our heads and look at its positive side too! Yes, at some point of time, technological advancement will surpass the rate at which jobs are created. But as job creation is dependent on multiple factors, who knows, something new might come up then? Maybe employment op...

“Down with the machines!”, “Down with the machines!”, “Say NO to machines!” were the chants of the Textile workers in 1811 when the Industrial Revolution threatened to replace them with machines. Well, history does have a habit of repeating itself, hence, I am here today writing on the topic of “Artificial intelligence – The Employment Scenario” If you have read my previous two blog posts ( AI - A new future - Part 1 and AI - Technical Nuances - Part 2 ), then you know what AI is, and if you don’t, to put it simply, AI is the technology which helps computers to think and behave like humans.  Machine learning is a subset of AI and it enables the software to learn by itself. And this is what makes this technology revolutionary - the intelligence exhibited by machines which till date was found only in humans. Now, this sparked off a concern that robots will take away our jobs, so even we started screaming, “Down with robots!”, “Down with robots!”, "Say NO to robots!"....