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AMAZON GO: THE FUTURE OF RETAIL!

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Amazon Go  is a latest retail project of amazon, currently in beta stage. This Monday amazon announces this new retail store with “no checkout process” to be open in early 2017 for customers. Well there will be no Checkout at all, All you have to do is just get into one of these amazon go store before entering you have to switch on amazon go app which will automatically add all the items which you will pick from store in a virtual cart and just after you get out of store it will automatically charge from your amazon account. Well it seem pretty cool to have no checkout process, no more lines but the question is how’s this possible? According to amazon they gonna use the same technology which we found in self-driving cars I.e. deep learning, sensor fusion and computer vision along with the amazon go apps technology. But right now it seems pretty tricky as we all know some time customers put things back, some items are sold according to their weight, what if we ...

DEMONETIZATION: WHY GOVERNMENT SHOULD BAN NEW 2000 RUPEE NOTES!

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Well last month the decision of banning 1000 and 500 rupee notes took the country by storm and even after 30 days the cash crunch is not over. Some experts say this bold move of Indian Government will effect GDP of our country badly in short run but it will also does many long term benefits. The main reason behind this move is black money and corruption. If our government really want to finish these two problems then it has to stop printing these new 2000 rupees currency notes. There are many reasons which favor it, First of all it’s very difficult to hide large amount of black money consisting smaller currency notes, Secondly It will become difficult to bribe someone also. Many developed countries like America, UK doesn’t really has bigger notes like America’s biggest note is $100 while of UK is 50 pound. Currently to tackle cash shortage government had issued 2000 Rupee note but it will also be stopped just like 1000 Rupee note, even in coming years 500 rupee note sho...

RAEES VS KAABIL: WHO GONNA WIN?

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With ever increasing number of Bollywood films releasing every year it’s become very tough for producers to get solo releases and added to that Hollywood and regional cinemas growth, result in increased competition. Two Big Films releasing on same day is become very common which was not common in past. Recent clashes like Mohenjo Daro VS Rustom, Dilwale VS Bajirao Mastani are the examples where definitely one film loose a lot of money not because it’s bad or something but because it’s fail to attract audience for example Rustom and Mohenjo Daro both were good films but Rustom wins because it’s manage to connect with the audience well. This So called “Clash” thing is very dangerous for Indian Cinema where number of Cinemas are very less. This thing is very bad now because entertainment industry is already going through recession because of demonetization. After avoiding the so called biggest Bollywood Clash with Sultan,  Raees  is now releasing with  Kaabil ...

DEMONETIZATION: THE TARGET OF CASHLESS ECONOMY!

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The announcement of demonetization and it’s consequences has already troubled both public and government badly and now the goal of Cashless economy is an another challenge for the Indian Government, Few experts say that if this goal doesn’t achieve by the current government in next six months then the step of demonetization will be called a great blunder. The cashless economy is need of the hour as most growing economies in the world whether China or America has a larger number of online transactions than in Cash. There are many benefits of Cashless economy like it’s become difficult to bribe someone, the need of White money will increase resulting in less black money, the banking system will grow, the government will earn more money in the form of direct tax etc. Right now most land deals happen in Cash and that too mostly include black money. If you ever bought a land then you know that it’s impossible to buy a land without black money because of which in current scenario...

RELIANCE JIO EFFECT ON TELECOM INDUSTRY

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Ever since the launch of Jio services on 5 th  of September in India, the telecom industry has changed a lot. Recent offers like Free calls and cheaper Internet packs by the contemporary companies is just the beginning and in India, this trend gonna stay forever as Reliance has promised that their Voice call and Roaming services are gonna remain free for lifetime. The effect of Jio’s entry into telecom business is very positive for Customers but it’s really bad for the other companies because they are losing customers. If we go with the facts then more than 1000 new Customers are adopting Jio every minute or 6 lakh every day. Jio has already reached 50 million customer mark in 83 days which is a record in itself even companies like Facebook and What’s app are far behind from Jio in this record. It takes 12 years to Airtel and 13 years to Idea and Vodafone to reach 50 million Customers mark which Jio has crossed in 83 days only. Well the strategy of Jio is pretty simple ...

HURDLES IN THE WAY OF CASHLESS ECONOMY

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Ever since the announcement of Demonetization, The number of online transactions in India has increased to a greater extent, even Indian Government is trying all methods to promote cashless transactions via Debit cards, Credit cards, e-wallets and Net Banking etc. But with increase in number of Customers using all these payments methods which are quite new for them, the incidents of online frauds also increased. International Hackers are seeing this new trend in India as a great opportunity which lead to increase in number of Cyber Crimes. Indian Government need to aware general people regarding Cyber crimes and online transaction through various modes and make our law and police capable to handle this new scenario properly. If you are a person who does cashless payments then Do take care of following things: Hackers Generally convince you to download some random mobile apps or application by providing offers, with these apps they can use all the data available on you...

DEMONETIZATION: THE NEED OF MORE ATMS

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Ever since the announcement of Demonetization the use of ATM machines has increased in India and now people are also facing the problem of shortage of ATM machines in India. Well, India is a large country but still it has around 2 lakh ATM machines only, which is very less whereas America has more than 4 lakh who’s population is around 30 Crore and India have four times more population than of America so it should have more than 10 lakh ATM machines at least. According to a recent survey done by RBI, one out three ATM in India don’t work which make the situation worse along with Demonetization effect. A report of 2012 suggest that around 59% ATMs are controlled by SBI and around 95% of them work well a new report suggest, which is a good news if you are a State Bank customer but why other banks are not opening ATMs well there a financial logic behind this, A 2014 report suggest that a bank has to spend around Rs50,000 ($741) every month on ATM which is quite high and difficult ...