Today's Tech Check- "Budget Set for Tuesday Reveal, Top Investment Trends, Record 7th Consecutive Budget, BlueLearn Closure, Microsoft Mobilizes Expert Team"
21st July, 2024
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1. “All-Party Meeting Ahead of Monsoon Session: Budget Set for Tuesday Reveal”
All-party meeting held before Monsoon Session with key leaders attending.
BJP's Nadda, Congress' Gogoi, LJP's Paswan, and others discussed Parliament's agenda.
Finance Minister Sitharaman to present the Union Budget on Tuesday during the session.
Opposition plans to confront the government on various issues, including the NEET paper leak and railway safety.
Session runs from Monday to August 12, with six bills expected, including the Aircraft Act replacement.
#safety#Congress#BJP
2. “2023's Top Investment Trends: Navigating the Future of Circular Economy Startups”
Circular economy aims to eliminate waste, extend resource use, and promote sustainable consumption.
Circular Economy Report predicts 40% emissions reduction, 2 million jobs, and a $2-3 Bn market by 2024.
Key tenet is converting linear supply chains to closed-loop systems, using durable materials and reverse logistics.
India has 400+ startups working towards a circular economy, attracting $1.8 Bn in investments from 2016-2021.
Government initiatives and support for startups drive growth.
Investment surge expected in areas such as:
Recycling technology (e-waste, plastic, construction waste)
Eco-friendly packaging solutions
Repair and remanufacturing platforms
Sustainable fashion (rental, repurposed apparel)
Sustainable materials (edible silverware)
Carbon capture and sequestration
Climate action programs that combine circular economy principles
#logistics#technology#sustainable#Startup#manufacturing#manufacturing#Resources#war#startup
3. “Finance Minister Sitharaman to Unveil Record 7th Consecutive Budget, Breaking Desai's Record”
Finance Minister Nirmala Sitharaman set to present her 7th consecutive budget, surpassing Morarji Desai's record.
Sitharaman is India's first full-time woman finance minister, appointed in 2019.
Desai presented 5 full and 1 interim budget between 1959-1964.
Sitharaman will surpass Desai's consecutive full budget record of 5.
First Indian budget presented by RK Shanmukham Chetty in 1947.
Sitharaman holds the record for longest budget speech, lasting 160 minutes in 2020.
Since 1999, budgets have been presented at 11 am to allow for parliamentary approval by March.
#budget#finance
4. “BlueLearn Closure: BITS Pilani Alumni's Startup Shuts Down After Securing $4M in Funding”
BlueLearn, founded by BITS Pilani graduates, closes after raising $4 million.
Co-founder states startup will return 70% of capital to investors.
BlueLearn began as a Telegram group and grew into India's largest student community.
The company aimed to provide opportunities for students in smaller cities similar to elite institutions.
BlueLearn helped launch internships, startups, and networking for students.
Co-founder encourages entrepreneurship despite the risk of failure.
#News#entrepreneurship#Startup#Article#company#citi#entrepreneur#startup
5. “Microsoft Mobilizes Expert Team to Repair Massive Outage Impacting 8.5 Million Devices”
Microsoft deploys engineers to fix outage affecting 8.5 million devices worldwide.
Outage caused by CrowdStrike update on July 18.
Impacted points of sale and grounded airlines in India, including IndiGo, SpiceJet, and Akasa.
Microsoft collaborates with Google Cloud Platform and Amazon Web Services to mitigate impact.
Microsoft emphasizes interconnected nature of technology ecosystem and importance of safe deployment practices.
Significant incidents like the CrowdStrike event are infrequent, according to Microsoft.
#Google#Amazon#update#Microsoft#technology
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