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RBI: The world will Not be the Same Post COVID-19

On Tuesday, the Reserve Bank of India (1) addressed a solid case for deep-seated and wide-ranging reforms to regain losses and restore the track of sustainable economic growth. As per RBI, the shape of the future will be heavily unanticipated upon the enlarging intensity, spread, and duration of COVID-19 and the invasive vaccine’s discovery.  RBI […]

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On Tuesday, the Reserve Bank of India (1) addressed a solid case for deep-seated and wide-ranging reforms to regain losses and restore the track of sustainable economic growth. As per RBI, the shape of the future will be heavily unanticipated upon the enlarging intensity, spread, and duration of COVID-19 and the invasive vaccine’s discovery. 

RBI further added that the same in its assessment and prospects forms part of the central bank’s Annual Report for the year 2019-20. The Reserve Bank of India (RBI) stated that the world would not be the same. It could emanate post-COVID-19 and calls for deep-seated and wide-ranging reforms for sustainable growth.

The COVID-19 will foist deep deformation on the world economy. The pandemic is already cautioning that India’s potential output may undergo a structural downshift. Following this, the RBI said that Post COVID-19, the profound sense is that the world will not be the same again. The RBI is also predicting that a new normal could emerge.

RBI Foresees Reformation in All Major Sectors

RBI noted, in a post-pandemic scenario, deep-seated and wide-ranging structural reforms in factor and product markets, legal architecture, the financial sector, and more. The global competitiveness would be needed to retrieve probable output losses and return the economy to a path of sustainable and robust growth with macroeconomic and financial stability.

It also pointed out that as in the rest of the world, India’s potential output can undergo a structural downshift as the recovery driven by stimulus and regulatory subsiding gets unwound in a post-pandemic scenario. The RBI has recently released its annual report (2) where there are several chapter included regarding the economy of India. It includes review and prospects of Indian economy along with various other topics like monetary, inflation, currency management, and more. 

Furthermore, RBI also added that this recovery is likely to be different as the global financial crisis occurred after years of vigorous growth with macroeconomic stability; by contrast, COVID-19 has hit the economy after consecutive zones of the slowdown.


Rucha Joshi is fueled by her passion for creative writing. She is eager to turn information into action. With her hunger for knowledge, she considers herself a forever student. She’s currently working as a content writer and is always interested in a challenge.

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Source: https://timesnext.com/rbi-the-world-will-not-be-the-same-post-covid-19/

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New videos of Tesla’s Full Self Driving (FSD) beta surface online; the results are alarming and frightening

Tesla finally released its much-awaited Full Self Driving” beta that everyone has been talking about for weeks now. After watching several of users’ videos, there is no doubt that the Tesla Full Self Driving system was deliberately designed to continue straight […]

The post New videos of Tesla’s Full Self Driving (FSD) beta surface online; the results are alarming and frightening appeared first on Tech News | Startups News.

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Tesla finally released its much-awaited Full Self Driving” beta that everyone has been talking about for weeks now. After watching several of users’ videos, there is no doubt that the Tesla Full Self Driving system was deliberately designed to continue straight if it gets confused in the middle of a planned left or right turn. At some point, it even violated the planned route guidance.

Last week, Tesla sent out its “full self-driving” software to a small group of owners who will test it on public roads. But buried on its website is a disclaimer that the $8,000 system doesn’t make the vehicles autonomous and drivers still have to supervise it.

Tesla wasn’t joking last week when the electric car giant warned drivers that the software “may do the wrong thing at the worst time.” Videos of users “beta testing” FSD on city streets showed alarming results. Several videos show software that clearly seems inadequate, confused, and outright dangerous.

Below are some other videos.

Below is a video of another user testing the F

One user said, “Again, where is the NHTSA?” Another said, “This is worse than that parking lot BS. This will actually get people killed.”


Source: https://techstartups.com/2020/10/26/videos-teslas-full-self-driving-beta-surface-online-results-alarming-frightening/

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NASA discovered evidence of hidden water on a sunlit surface of the Moon for the first time

Researchers from NASA’s Stratospheric Observatory for Infrared Astronomy (SOFIA) confirmed for the first time that molecular water has been discovered on the sunlit surface of the moon, indicating “water may be distributed across the lunar surface, and not limited to […]

The post NASA discovered evidence of hidden water on a sunlit surface of the Moon for the first time appeared first on Tech News | Startups News.

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Researchers from NASA’s Stratospheric Observatory for Infrared Astronomy (SOFIA) confirmed for the first time that molecular water has been discovered on the sunlit surface of the moon, indicating “water may be distributed across the lunar surface, and not limited to cold, shadowed places.” Researchers also said that the discovery will benefit future exploration plans.

In an announcement on Monday, NASA said SOFIA has detected water molecules (H2O) in Clavius Crater, one of the largest craters visible from Earth, located in the Moon’s southern hemisphere. Previous observations of the Moon’s surface detected some form of hydrogen but were unable to distinguish between water and its close chemical relative, hydroxyl (OH).

Data from this location reveal water in concentrations of 100 to 412 parts per million – roughly equivalent to a 12-ounce bottle of water – trapped in a cubic meter of soil spread across the lunar surface. The results are published in the latest issue of Nature Astronomy.

“We had indications that H2O – the familiar water we know – might be present on the sunlit side of the Moon,” said Paul Hertz, director of the Astrophysics Division in the Science Mission Directorate at NASA Headquarters in Washington. “Now we know it is there. This discovery challenges our understanding of the lunar surface and raises intriguing questions about resources relevant for deep space exploration.”

As a comparison, the Sahara desert has 100 times the amount of water than what SOFIA detected in the lunar soil. Despite the small amounts, the discovery raises new questions about how water is created and how it persists on the harsh, airless lunar surface.

Water is a precious resource in deep space and a key ingredient of life as we know it. Whether the water SOFIA found is easily accessible for use as a resource remains to be determined. Under NASA’s Artemis program, the agency is eager to learn all it can about the presence of water on the Moon in advance of sending the first woman and next man to the lunar surface in 2024 and establishing a sustainable human presence there by the end of the decade.

“For the 1st time, molecular water was discovered on a sunlit surface of the Moon, suggesting water may not be limited to cold, shadowed places. Goddard postdoc Dr. Casey Honniball, made the discovery using NASA’s
SOFIAtelescope airborne observatory,” NASA said in a post on Twitter.


Source: https://techstartups.com/2020/10/26/nasa-discovered-evidence-hidden-water-sunlit-surface-moon-first-time/

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Australia-based tech startup Linktree raises $10.7M in its first external funding round to empower billions of creators and brands

Linktree, a Melbourne, Australia-based tech startup that connects audiences to a user’s entire online ecosystem, today announced it raised $10.7 million in its first external funding round to empower billions of creators and brands. The round was led by Insight Partners, an investor in […]

The post Australia-based tech startup Linktree raises $10.7M in its first external funding round to empower billions of creators and brands appeared first on Tech News | Startups News.

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Linktree, a Melbourne, Australia-based tech startup that connects audiences to a user’s entire online ecosystem, today announced it raised $10.7 million in its first external funding round to empower billions of creators and brands. The round was led by Insight Partners, an investor in Shopify, and AirTree Ventures, an early investor in Canva.

Founded in 2016 by Alex Zaccaria, Anthony Zaccaria, and Nick Humphreys, Linktree has been bootstrapped and profitable from day one, focusing on product-led growth and word of mouth virality. Linktree will use the new funding proceeds to accelerate Linktree’s expansion in international markets, including global team growth, and the evolution of Linktree’s product and functionality in new ways to deliver valuable user experiences.

Since launching in 2016, Linktree has achieved widespread adoption and exponential growth, exceeding 8 million global users, 28,000+ sign-ups per day, and over half a billion visitors to Linktrees in September alone. Linktree allows anyone from big brands to solopreneurs, celebrities to everyday content creators to build a microsite that houses their digital ecosystem, making it easier than ever to connect with their audiences wherever they are. In the same way, Shopify and Stripe simplify the internet economy for eCommerce and enable other businesses to make revenue easily, Linktree does the same for creators, artists, businesses, and everyone in between.

Linktree is used by major brands including brands like Red Bull and HBO. Its software is also used by celebrities like Selena Gomez and Arnold Schwarzenegger, and the solopreneurs and small business owners shaping today’s world of work.

Commenting on the funding, Alex Zaccaria, co-founder and CEO, Linktree, said: “From the beginning, we’ve been focused on creating a company cut from a different cloth. We’ve been bootstrapped and profitable from day one, and have achieved a lot in four years with a lean, Melbourne-based team. I am incredibly proud to announce this raise alongside our incredible investor partners, and to leverage their expertise to create something truly unique in the tech sector.”


Source: https://techstartups.com/2020/10/26/australia-based-tech-startup-linktree-raises-10-7m-first-external-funding-round-empower-billions-creators-brands-expand-international-markets/

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