Tech Triumphs: A Step-by-Step Guide to the Top 10 Indian Tech Companies You Can't Ignore in 2024

Introduction:

Embark on a journey through the technological landscape of India as we unveil the top 10 tech companies that are making waves and leaving an indelible mark in 2023. From groundbreaking innovations to transformative solutions, these companies are shaping the future of technology in the Indian subcontinent. Join us as we explore the innovative ventures that you simply cannot afford to overlook.

Driving Tomorrow: A Step-by-Step Exploration of Tech Titans - The Top 10 USA Tech Leaders Innovating in 2024

Introduction:

Embark on a journey into the heart of innovation as we unveil the top 10 USA tech leaders steering the course of technology in 2023. From Silicon Valley to diverse tech hubs, these titans are shaping the digital landscape. Join us in discovering the trailblazers driving the future of tech.

Tech Oasis: A Step-by-Step Exploration of the Top 10 USA Tech Hubs to Watch in 2024

Introduction:

Embark on a journey from Silicon Valley to Main Street as we unveil the top 10 USA tech hubs that are poised for innovation and growth in 2023. From bustling urban centers to emerging tech hotspots, these hubs represent the heartbeat of technological advancements. Join us in exploring the key players and unique attributes that make each of these tech hubs a focal point for innovation.

Tech Horizons: A Step-by-Step Guide to Navigating the Digital Frontier in the Top 10 USA Tech Cities for Tech Enthusiasts

Introduction:

Embark on a journey through the digital frontier as we unveil the top 10 USA tech cities that are a haven for tech enthusiasts in 2024. From innovative startups to established tech giants, these cities offer a diverse landscape of opportunities and experiences for those passionate about technology. Join us in exploring the key features that make each city a prime destination for tech enthusiasts.

10 Things Millionaires Do Not Spend Money On: A Wealth-Building Guide

Curious about the financial habits of millionaires? Discover the 10 things that millionaires avoid spending money on, adopting savvy practices that contribute to their wealth-building journey.

A Step-by-Step Guide to Securing Your Smart Home: Safeguarding Your Connected Living

In the era of smart homes, ensuring the security of your connected devices is paramount. This step-by-step guide will help you fortify your smart home against potential cyber threats and enhance the overall safety of your digital living space

How to Start a Candle Business in the USA: A Step-by-Step Guide

If you have a passion for candles and dream of turning it into a profitable venture, starting a candle business in the USA can be a rewarding journey. Here's a step-by-step guide to help you embark on your entrepreneurial endeavor.

कोड व्हिस्पर: गूगल बार्ड एआई की बहुभाषी प्रोग्रामिंग क्षमता (Code Whisperer: Google Bard AI’s Multilingual Programming Prowess)

कोड व्हिस्पर: गूगल बार्ड एआई की बहुभाषी प्रोग्रामिंग क्षमता (Code Whisperer: Google Bard AI’s Multilingual Programming Prowess)

Introduction:

Hindi: "कोड व्हिस्पर एक नए दौर की शुरुआत है, जिसमें गूगल बार्ड एआई ने बहुभाषी प्रोग्रामिंग क्षमता का सुर्जन किया है। इस लेख में, हम इस नई तकनीकी क्षमता के बारे में विस्तार से जानेंगे और इसके लाभों और कमियों को समझेंगे।"

Internet Crime Prevention Tips

In spite of the fact that most of us think that we would never succumb to something similar to this, Internet crime is very real, and something we are faced with each and every time we start using the World Wide Web. Fake lotteries, spam messages offering you thousands or even millions of dollars, fraudulent promotions, and identity thefts - all of these might seem unreal, but this is exactly why so many people fall victim to Internet crime. If you would like to avoid being the victim of any type of Internet crime, read on to find some great tips on how to prevent the most common Internet crimes.

Spam Messages

If you own an email address, there's virtually no way you haven't received spam messages. Furthermore, there's been research which claimed that more than 90% of email messages sent throughout the world turn out to be spam messages, as well as that only one person in 12 million answers spam messages. So, remember to never open or answer any spam messages or any email messages that sound too good to be true; never disclose any information about yourself such as name, address, phone and credit card number and so on; never give out your email address to anyone who asks for it; always have more than one email address. By following these tips, the chances you will be tricked through spam messages will be greatly reduced.

Fake Lotteries

Most of us would like to win the lottery and stop struggling to make ends meet every month. This is the main reason why many people persuade themselves to believe in fake lotteries. First of all, you have to think if you have even entered a lottery before you believe you are the lucky winner. Aside from this, be aware that no lottery will ask of you to make any upfront payments in order to be awarded the grand prize. Federal law says that you are not allowed to enter any lottery programs in foreign countries via email or phone, so this is another great reason to steer clear from email lotteries or online lotteries in general.

Online Payments and Credit Card Fraud

Online shopping has become very popular today, and most of the online purchases are made with credit cards. If you are using your credit card online, make sure that the site you are using is trustworthy. Do this by researching and finding out everything you can about the site in question. What's more, if you are asked to give out your credit card information via unsolicited emails, never agree to do this.

Summary

In a nutshell, if you are using the Internet on a regular basis, be it for business purposes, shopping online, or even simply having fun, you should always be aware of the following: use the World Wide Web responsibly. Much like the real world, the Internet is full of scammers and people who are always on the lookout for new victims and you should do everything in your power to avoid being caught in these traps.

Pros and Cons of Cashless Economy in India

Everyone is facing huge problem when it comes to shortage of Rs 500 and Rs 1000 notes.
Why do we have to face this problem?
Is it by default or by design? Is our government doing the right thing?
Is cashless economy going to benefit this country? Or it is just for rich and poor have to suffer.
We debate all this and many other things in following article.

Google Pixel (Very Silver, 32 GB)  (4 GB RAM)

What is a Cashless Economy?

In a cashless economy most of the transaction will be done by digital means like e banking, debit and credit cards, PoS (point of sales) machines, digital wallets etc.
In simpler words no liquid money or paper currency will be used by the people in a given country.
In a cashless economy the third party will be in possession of your money.
He will allow you to transact that money whenever it is needed. If it is not needed then the third party can use that money.
Third party can be a government or any other public or private sector bank.

Why this Debate Now?

It is almost a month since Modi government banned Rs 500 and Rs 1000 note.
In the beginning people thought that this is a great idea and the country will become corruption free. But as the time passes people are getting weary about the ban.
Huge problems and pain that they have to go through each day, do they worth it?
Is the cashless economy the way forward? Both sides, people who favor cashless economy and people who don’t are putting their arguments forward.
So this is the right time for the country to have a debate whether cashless economy is good or bad for the country.

Pros of a Cashless Economy

Let us start with advantages of cashless economy.

Positive Impact on Society

We are seeing the impact of cashless economy on the society when it comes to crime rates.
According to Union defense minister after demonetization the crime rates in Mumbai has dropped to half.
Not just Mumbai but Delhi is seeing a substantial decline in crimes related to financial motive.
Bank robbery, burglary, extortion etc are declining because of demonetization.

Attack on Parallel Economy

This is one of the most important reasons why a cashless society is must.
People who hoard money under their bed (also known as black money), people who launder money bypassing banking channels, terrorist who need money to finance their terror etc will run out of business now.
Size of Parallel economy will reduce substantially.

Financial Inclusion

Digital economy will help to enhance our current banking system. There will be increased access to credit for people who did not fall in any banking network.
Financial inclusion will automatically reduce poverty.

Increase the Tax Net

All the transactions that are done can be monitored and traced back to a given individual.
If officials from tax department smell something fishy then they can trace the money transaction back to the individual.
Hence it will be really difficult for someone to evade tax. Increasing tax net is very important for any government.

Boost in Consumption

There would be no incentive for people keeping money in the bank. So they would love to spend on things that they like.
It will help to boost consumption that is really good for any economy. More jobs will be created and income level of people will rise.

Security and Convenience

Last but not the least is security and convenience. You don’t have to carry a wallet with money in it.
You just use your mobile phone or credit card for transaction. It is very hassle free and already going on in urban areas of the country.

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Cons of a Cashless Economy

Well we also have to look other side of the picture.

Security – Cyber Attack, Fraud and Power Outages

Cashless economy can be a nightmare when it comes to security. All your transactions will be done digitally.
You will be prone to cyber attacks like hacking. Hackers can hack your sensitive information like password, credit card number etc and leave your account with no money.
Even your personal computer is compromised. You can save yourself from fraud but it is very difficult to save from a cyber attack.
Finally if there is a power outage especially in India which is very regular then entire system will be affected for long time.

Have to Trust Government or Third party

As I said earlier there is no money in your hand. All the money is digital so either they are in control of banks or government or any other third party.
You have to trust government or bank blindly because everything is under their possession. This is could be scary because if tomorrow something happens you will be left with no hard cash.

Reduced Liquidity means Bad for Certain Sectors

There are certain sectors which depend upon high level of transaction.
Sectors like Real Estate, jewelry, retail industry, restaurants and eating joints, cement and other SME will be affected badly because of cashless society.
It means a lot people who are employed by these sectors are also going to be affected.

Really Bad for Poor

This is the real point and will be debating this in great details in following paragraph. Here I just want to say cashless economy is really going to hurt poor.

Rich Vs Poor Debate

The whole debate about cashless economy revolves around rich versus poor.
Here we are not talking about Sweden or Denmark but India.
Still people in this country struggle to meet their basic needs like food, cloth and shelter.
Over half of the population does not fall in any banking network. They still have to depend upon hard cash for meeting their basic needs.
Recently over 80 people have died because of demonetization. You can imagine the impact if country decides to go completely cashless.
Poor people have to suffer a lot because they will not be covered.
On the other hand people living in urban areas will benefit because the cashless economy is for them.
Government has to be inclusive and include all sections of society before they go for a cashless economy.
Otherwise poor which is more than 50% of the country will reject cashless economy and government has to suffer set back in coming elections.
So you can conclude by saying cashless economy is good if it is inclusive otherwise it is really bad.

How Far are We From Becoming a Cashless Society?: A Ground Reality

Before we dream of becoming a cashless economy we have to face many realities. Here are some of them.

1. Half of the Population Does not Fall in Any Banking System

As I said earlier 50% of Indians are not covered by any banking system so how you can think of cashless economy.

2. Limit Internet Penetration

In India there are over 350 million internet users. The internet penetration rate is just 27% which is very low compared to countries like Nigeria, Kenya, and Indonesia etc.
It has to be at least 67% which is global median.

3. Limited Smartphone Penetration

Only 17% of Indians use smartphones which is very low if you want to become a cashless economy.

4. Limited Smartphone with Broadband Subscription

Only 15% of Indians have internet on their smartphone. So it will be only 154 million people with broadband on their smartphones.

5. Internet Speed

The internet loading speed is very slow. The average page load time in India is 5.5 seconds whereas in China is just 2.6 seconds.

6. Limited PoS Machines

PoS machines (Point of sales) are must for any cashless transactions. However in India there are only 1.46 million PoS machines. It means only 856 machines per million people which is very low compared to China where it is 4000 machines per million people.
After reading above 6 points you will conclude India lacks infrastructure for a cashless economy. So it is going to be long time when India thinks of becoming a cashless economy.

Where Government and Society Stands on Cashless Economy?

Government is taking measures to increase liquidity into the system so that people face less inconvenience.
Recently RBI launched Unified Payments Interface which makes digital transaction very simple.
Government is also trying to improve overall infrastructure so that more and more people can come into banking net and internet.
Society has also to play its part. They have to understand the importance of cashless economy and appreciate measures taken by the government.


 Source: Moneyconnexion

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