France passes law banning social media for under 15s, becoming the first country to do so in EU. Existing accounts to be closed.
Australia was the 1st country to do so. Indonesia was the first non western country to do so. UAE, Malaysia, UK have announced banned.
Maiden flight-test of ‘Kusha’ Long-Range Surface-to-Air Missile was successfully conducted from the APJ Abdul Kalam Island off the coast of Odisha today. This test was conducted against an electronic target simulating high-speed and high-altitude aerial threat which was successfully intercepted by the missile system.
One of my favourite guiding principle while taking decision for many years now is,
If this decision appeared on tomorrow's front page, could I explain it honestly, confidently...
In my latest @bsindia column, I argue that good boards create value by appointing the right leaders, safeguarding integrity, and enabling management to execute.
Some takeaways:
• Corporate outcomes alone should not determine director accountability. Directors should instead be judged by their own acts and omissions.
• Directors should disagree, but without being disagreeable. Important concerns should be reflected in the minutes.
• Good governance and integrity begin with management, not independent directors.
• Independent directors should not become management. If one crosses that line, fellow directors should gently call it out.
• Before every significant decision, ask: If this appeared on tomorrow's front page, could I explain it honestly, confidently, and without qualification?
Article link: https://t.co/vMxpSURg0m
Hear those proud words !
When I say people are proud of indigenous weapons, I mean they don't feel the same emotional connection with imported ones. For many, depending on foreign equipment is humiliating (& i am one among them). A country of India's stature should be able to build what it needs, and armed forces are stakeholders in that.
In this regard, the Indian Navy stands out and that sense of ownership and pride is evident.
Way to go, Indian Navy. 🇮🇳
Saudi Arabia slashed August Official Selling Price for Arab Light crude to Asian buyers by $11 per barrel, deepest price cut in over two decades.
In case anyone missed this news.
#Brent
Musk: “You don’t need college to learn stuff. Everything is available basically for free. You can learn anything you want for free.”
This view is becoming increasingly true, with learning on demand in this digital age...
Elon Musk just put a price tag on obedience. It costs $200,000.
Musk: “You don’t need college to learn stuff. Everything is available basically for free. You can learn anything you want for free.”
Every lecture. Every textbook. Every framework ever written. Free on any screen in any country right now. The entire knowledge monopoly collapsed in a decade. Nobody updated the price tag.
Musk: “Colleges are basically for fun and to prove you can do your chores. But they’re not for learning.”
Strip the ivy and the branding. What’s underneath is a four-year obedience trial. Can this person follow instructions on a schedule without asking why.
Musk: “There is a value that colleges have, which is seeing whether somebody can work hard at something, including a bunch of annoying homework assignments, and still do their homework assignments.”
That is the entire six-figure value proposition. Not what you know. Not what you can build. Whether you can be managed. The establishment doesn’t need you educated. It needs you domesticated.
Musk: “If you’re trying to do something exceptional, you must have evidence of exceptional ability. I don’t consider going to college evidence of exceptional ability.”
The system doesn’t produce exceptional. It produces manageable. It takes the most creative years of your life and teaches you to wait for instructions. That is not education. That is containment.
Musk: “Gates is a pretty smart guy, he dropped out. Jobs is pretty smart, he dropped out. Larry Ellison, smart guy, he dropped out.”
They didn’t leave because they couldn’t keep up. They left because the ceiling was underground.
8 billion people now carry the same library in their pocket. The one these institutions charged a lifetime of debt to access.
The only product the university still sells is the belief that you need one.
@CNBC With mercurial Trump administration at helms, this can happen again. Companies / Countries should develop sovereign technologies to avoid such disruptions...
The economic and demographic effects of corruption.
Cost of land in our urban areas is far higher than what our GDP per capita would dictate. The ratio of land value to per capita GDP is probably higher in India than anywhere else. As an example, land prices in Chennai or Bengaluru rival that of cities like New York which has a vastly higher per capita GDP.
The key reason?
First, vast sums of political corruption money is parked in real estate. This raises real estate prices and high real estate prices affect everything downstream.
Second, corruption in building approvals and the like - the famous DTCP - raises construction costs, on top of already higher real estate costs.
Third, corruption in private school regulatory compliance enforcement raises school fees.
Fourth, corruption in private hospital regulatory compliance enforcement raises health care costs.
Fifth, household goods need sales outlets and those pay higher rents due to high real estate prices and construction costs.
So housing, education, healthcare and household goods - all of these now cost higher.
As a direct consequence, the economic burden on the average person gets worse. Young people, facing all these costs, postpone marriage, and postpone children or have fewer children.
That directly affects our demographics.
While this issue exists in many parts of India, Tamil Nadu, being the most urbanized of the bigger states, is particularly hit hard.
So corruption is becoming an existential threat to our society.
If you worry about the super-low birth rate in Tamil Nadu, way below replacement, understand that corruption raising our cost of living is one of the major causes, not the only cause, but a big one in our context.
𝐅𝐑𝐀𝐌𝐄𝐒 𝐎𝐅 𝐃𝐎𝐌𝐈𝐍𝐀𝐍𝐂𝐄. 📸🔥
A memorable outing in London as India produced a clinical performance to defeat Pakistan 7-1 in the FIH Hockey Pro League.
Swipe through the moments that made it special. 💙
#DusSaalKaDabdaba#INDvsPAK#HockeyIndia#IndiaKaGame
My forthcoming book
INVINCIBLE SOMNATH
Few sacred sites have gripped the hearts of people of Bharat as Somnath.
Somnath is testimony to resilience of a civilization and power of faith across centuries.
Look forward to readers engaging with this remarkable journey.
@BeingPractical@RaiseTheBarHQ Building Raise and scaling it to current level with in 6 years is a case study which one would like to understand. Congratulations