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What are Automatic Stabilizers?
October 06 DEFINITION Automatic stabilizers are built-in features of a government's fiscal policy that help moderate economic cycles without requiring new legislation or deliberate intervention. During the recession, they work by automatically increasing government spending or decreasing tax revenues to stimulate activity and take the opposite action during booms to cool things down. This helps smooth out fluctuations in GDP, employment, and inflation, making the economy more stable overall. The concept originates from Keynesian...
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India's First Semiconductor Chip!
September 19
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What is the Employment Linked Incentive (ELI) scheme?
July 04 WHAT? The Employment Linked Incentive (ELI) Scheme is a significant government initiative in India, announced in the Union Budget 2024-25, aimed at boosting formal job creation, enhancing employability, and expanding social security. Approved by the Union Cabinet on July 1, 2025, the scheme is part of a broader ₹2 lakh crore package targeting 4.1 crore youth over five years. With a specific outlay of ₹99,446 crore, it seeks to generate over 3.5 crore jobs, focusing on first-time employees and the manufacturing...
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AI to shrink white-collar workforce in the years ahead, Amazon CEO warns
June 18 SUMMARY On June 18, 2025, the Business Standard reported that Amazon CEO Andy Jassy warned employees that the integration of artificial intelligence (AI), particularly generative AI, will lead to a reduction in the company’s corporate workforce over the next few years. Amazon is investing heavily in AI, with ~$75 billion in capital expenditure in 2024 (predominantly for AI) and $10-20 billion in data centers to support AI growth. In an internal memo, Jassy emphasized AI’s transformative potential, describing...
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Nvidia overtakes Microsoft to become world's most valuable company again
June 04 SUMMARY Nvidia has reclaimed its position as the world's most valuable publicly traded company, surpassing Microsoft, driven by surging demand for its AI chips and robust financial performance. Market Milestone On June 3, 2025, Nvidia's stock rose approximately 3% to close at $141.40, elevating its market capitalization to $3.45 trillion. This edged past Microsoft's market cap of $3.44 trillion . Nvidia previously held the top spot briefly in January 2025 . AI-Driven...
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‘Bail yourself out’: Rich Dad Poor Dad author predicts major financial crisis ahead, urges people to ditch ‘fake fiat money’
May 19 SUMMARY Bestselling author Robert Kiyosaki has issued a fresh warning about a possible global financial crisis. The Rich Dad Poor Dad author took to X (formerly Twitter), and said that each crisis gets bigger because the root problems are never solved. Robert Kiyosaki has issued a stark warning about an impending global financial crisis. He attributes this looming threat to unresolved systemic issues, such as the U.S. abandoning the gold standard in 1971 and the escalating $1.6 trillion student loan debt. Kiyosaki...
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What is meant by Generative AI?
October 12 Generative AI refers to a category of artificial intelligence systems and models that are designed to generate content, often in the form of text, images, or other media, in a way that is creative and human-like. These AI systems use machine learning techniques, particularly deep learning, to produce new data that is similar to, or sometimes indistinguishable from, data that has been used to train them. Generative AI has a wide range of uses across various domains and industries. Its ability to create new...
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