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Stimulus package

It is a package of economic measures put by the government to stimulate and strengthen the struggling economy. In this COVID -19 crisis, every country brought stimulus package to revive it’s economy. Recently, the Union Finance Minister Nirmala Sitharaman announced Atmanirbhar Bharat Abhiyan stimulus package of Rs. 20 lakh crores which is equivalent to 10% of India’s GDP.

It has broadly two objectives

  1. Minimising the human cost of COVID -19
  2. Converting this crisis into an opportunity by implementing structural reforms.

The stimulus package consists of fiscal support, monetary support, ease of doing business and some reforms such as

  1. The definition of MSME has been revised and the government will provide collateral free automatic loans of Rs. 3 lakh crore for a four – year tenure. There will be no principal repayment for one year.
  2. Government has reduced TDS rates by 25% and this will be enforced till March 31, 2021.
  3. Rs. 1.7 lakh package was given as relief under Pradhan Mantri Garib Kalyan package.
  4. Insurance cover of Rs. 50 lakh will be given to every health worker.
  5. Under MNREGA, wages have been increased from Rs 182 to Rs 202.
  6. Poor senior citizens, poor divyang workers and poor widows will be paid Rs 1000.
  7. Farmers will be paid Rs 2000 under Pradhan Mantri Kisan Yojana.
  8. RBI has reduced Cash Reserve Ratio and due dates of all IT Return filings have been extended from July 31 to Nov. 30, 2020.
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Kindle Publishing – A way of earning Passive income

It is not possible to earn passive income instantly. It requires a lot of hard work and consistency. But this hard work is mostly at the beginning and once the system has started running, you will not be required to do much efforts. This is similar to constructing a building where approximately seventy percent of the time is spent on constructing only foundation.

Your next step is to experiment by considering well-calculated risks because eliminating risks is inevitable. In this, a lot of study and research will help you. After trying different things and observing their results, you will be able to analyse better options for you. You can eliminate and add certain things which suit you. Now comes the automation, which is actually a fun part.

One of the many ways to earn passive income is Kindle Publishing.

Kindle Direct Publishing is a platform where you can self publish your books with no cost. It is Amazon’s self publishing platform. It is the way to reach millions of readers worldwide. It makes your books available on Kindle Store within a few hours after uploading your materials.

There are many benefits of self publishing

  1. You don’t need to be authoritative figure or an expert in a particular subject in which you like to write.
  2. It removes our efforts to do network marketing or approaching influencers.
  3. It provides us space for experimenting and trying out a variety of niches.
  4. Most amazing, it provides passive income. After you have written and uploaded your book, wait for the sales to occur.
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Our future challenge

Each milestone in business is achieved only once because everytime there would be different circumstances. When we create something new, we go from 0to 1 and when we go on adding something to it, we go from 1 to n. Creating something new is a miracle and miracles can happen through technology.

When we think about future, we hope for progress. There are two types of progress – horizontal and vertical. Horizontal progress is like going from 1 to n, means adding something to already familiar. Vertical progress is going from 0 to 1 means creating new things, which is much harder than horizontal progress.

Now, what is globalisation?

It is actually a horizontal progress, means taking those things that work somewhere and making them available to other parts of world.

Whereas technology is 0 to 1 progress. Technology is not limited to computers only. Instead, any new and innovative way of doing things is Technology. In this world of scarce resources, globalisation without new technology is not sustainable. So our challenge for future is to create new technologies to make 21st century way better than the 20th.

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Book of Women mathematicians by Susan and John Edeen

Portraits of women mathematicians

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Smallest & largest 3-digit number, Rounding off

One day, while teaching, I came across the concepts of forming smallest & largest two-digit or three-digit numbers and rounding off.

And I remember, when I was introduced to these concepts, I found them somewhat confusing.

But as the practice makes a man perfect. So I did and understood them. I have made a detailed video on these concepts. Watch it and also try to answer the riddle.

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