The whole world is fighting with the pandemic called COVID-19. The pandemic has led many noticable changes in the lives of people. Even the working of people has now changed. Almost everything is taking place digitally nowadays. People are using internet to spend their leisure time and the best way they found to this by watching movies and webseries. But the question arises, what people prefer most among them and why?

To answer the question, let us first understand what are movies/webseries. A movie is a visual form of art/motion picture and is shown in movie theatres while a web series is basically a series/show which airs on internet/web for viewership.

The first series distributed via web was Rox with an episode titled “Global Village idiots”. This was released in 1995.

But few years back, the technique got popularity and many people even in India started to watch webseries. Why did this happened? The most basic reason for this was the low price of internet services. Almost everyone had the access to internet from past 2-3 years making webseries easily accessible to the audience and also gave rise to the OTT platforms which is another big reason for its popularity. Because of the tremendous response from the audience given to the web content, a lot of OTT platforms like Netflix, Amazon Prime, Hotstar, AltBalaji, ErosNow, Zee5 came into existence.

Now let’s talk about the content of movies and webseries. One can’t disagree the fact that the contents of webseries are way much better than that of movies. Lack of quality content and good stories on TV and movies, and growth of social media in recent times provided an opportunity for web content. The variations in the stories of webseries are much more than movies.

Also, the dialogues of webseries are much relatable to the audience as there is no censorship. Many webseries have slangs in their dialogues but that’s what makes it original.

Just having a good content won’t do wonders for a show, even the role assigned to the actors should be done with conviction. Thus giving chance to so many unknown faces, who might not even have got a chance to make a mark in cinemas is what done by webseries. The combination of well settled actors and new faces makes it much better than movies.

Moreover, most web-series prefer to release all their episodes(or atleast a bulk) together which can be watched on a weekend or maybe while traveling at one stretch.

The OTT platforms where these webseries are available are also cheap as compared to movies. Some of them are also free. For example: YouTube, TVF, Airtel Xtreme (free with airtel recharge)

All these things makes the webseries way much better than movies and because of rise of OTT platforms, even movies are also also getting released on these platforms.

The number of applications received under PM Street Vendor’s Atmanirbhar Nidhi (PM SVANidhi) scheme has crossed the five lakh mark within 41 days of commencement of lending process. The number of loans sanctioned under the scheme has crossed one lakh.

The PM SVANidhi scheme has generated considerable enthusiasm among the street vendors, who have been looking for access to affordable working capital credit for re-starting their businesses post COVID-19 lockdown.

The scheme was launched by the Ministry of Housing and Urban Affairs under the ambit of ‘Atmanirbhar Bharat Abhiyan’. It aims at facilitating collateral free working capital loans upto 10 thousand rupees of one year tenure, to about 50 lakh street vendors in the urban areas, including those from the surrounding peri-urban/ rural areas.

Incentives in the form of interest subsidy at seven per cent per annum on regular repayment of loan, cashback upto 1,200 rupees per annum on undertaking prescribed digital transactions and eligibility for enhanced next tranche of loan have also been provided.

PM SVANidhi Scheme envisages bringing Banks at the door steps of these nano-entrepreneurs by engaging the Non-Banking Financial Companies (NBFCs) and the Micro-Finance Institutions (MFIs) as lending institutions. This is in addition to Scheduled Commercial Banks – Public and Private, Regional Rural Banks, Cooperative Banks, and SHG Banks.

The onboarding of the vendors on digital payment platforms is a very important component to build the credit profile of the vendors to help them become part of the formal urban economy.

With an aim to provide financial assistance to around 17 lakh families, the Assam government is all set to roll out Arunodoi scheme in the state from 2nd of October. Talking to newspersons in Guwahati yesterday, Finance minister Himanta Biswa Sarma said that under this scheme an amount of 830 rupees will be given to eligible families per month to buy essential food items. He said, this will be the largest Direct Benefit Transfer scheme in Assam.

The Minister said that 15 to 17 thousand families would be benefited per Assembly constituency by this scheme. Mr. Sarma said that the Assam government will bear 210 crore rupees per month for the Arunodoi scheme.

The Road Transport and Highways Ministry has allowed registration of electric vehicles without pre-fitted batteries. In a letter to transport Secretaries of all the States and Union Territories, the Ministry has clarified that vehicles without batteries can be sold and registered based on the type approval certificate issued by the Test Agency. It said, there is no need to specify the Make/Type or any other details of the Battery for the purpose of Registration.

The Government is striving to create an ecosystem to accelerate the uptake of electric mobility in the country. The Ministry said, it is time to come together to work Jointly to achieve the broader national agenda to reduce vehicular pollution and oil import bill. 

Union Minister Nitin Gadkari has called for increased investment by international institutions and bodies in the Indian Highways and MSME sectors. He said, automobile and MSME are the two growth engines of Indian economy. 

Addressing the Indo-Australian Chamber of Commerce and Womennovator on Trade Investment and collaborations in Road infrastructure and MSMEs yesterday, the Minister said, India and Australia are already co-operating in the road safety sector. He said, this cooperation has provided better designs for roads and awareness opportunities for the public.

Under Indian Road Safety Assessment Programme, 21 thousand km roads have been assessed and about 3000 km road length is under technological upgradation. He said, better road engineering and increased public awareness have brought improvement. He added that it is estimated that these upgradation programmes will bring about 50 per cent reduction in Road accidents. Mr Gadkari informed that the objective is to set out to achieve zero road fatalities by 2030.

India conducted the highest ever single day Covid tests at over seven lakh 33 thousand in the last 24 hours. This has taken the cumulative tests to more than two crore 60 lakh. Union Health Ministry said, the country’s Test, Track and Treat strategy has achieved another peak with 18 thousand 852 tests per million.

The graded and evolving response has resulted in a testing strategy that steadily widened the testing net in the country. The testing lab network in the country is continuously strengthened with one thousand 421 labs in the country, 944 labs in the government sector and 477 private labs.

The country also reported the highest ever single-day COVID-19 recoveries of over 56 thousand patients in the last 24 hours. The Health Ministry said that 16 lakh 39 thousand 599 people have recovered till date. The Recovery rate has reached another high of 70.38 per cent.

The actual case load of the country is over six lakh 43 thousand, which is only 27.64 per cent of the total positive cases. It said, a single day spike of 60 thousand 963 COVID-19 cases has taken the virus caseload to over 23 lakh 29 thousand. In the last 24 hours, 834 deaths pushed the death toll to 46 thousand 91.

Prime Minister Narendra Modi will launch the platform for Transparent Taxation – Honoring the Honest through video conferencing today. This platform will further carry forward the journey of direct tax reforms. The Central Board of Direct Taxes, CBDT has carried out several major tax reforms in direct taxes in recent years.

Last year, the Corporate Tax rates were reduced from 30 per cent to 22 per cent and for new manufacturing units the rates were reduced to 15 per cent. Dividend distribution Tax was also abolished. Our Correspondent reports that the event will be witnessed by various Chambers of Commerce, Trade Associations, Chartered Accountants’ associations and also eminent taxpayers, apart from the officers and officials of Income Tax Department. Finance Minister Nirmala Sitharaman and Minister of State for Finance Anurag Singh Thakur will be present on the occasion.

AIR correspondent reports, several initiatives have been taken by the CBDT for bringing in efficiency and transparency in the functioning of the IT Department. This includes bringing more transparency in official communication through the newly introduced Document Identification Number, wherein every communication of the Department would carry a computer generated unique document identification number.

The focus of the tax reforms has also been on reduction in tax rates and on simplification of direct tax laws. With a view to provide for resolution of pending tax disputes the IT Department also brought out the Direct Tax ‘Vivad se Vishwas Act, 2020’ under which declarations for settling disputes are being filed currently.

To effectively reduce taxpayer grievances and litigation, the monetary thresholds for filing of departmental appeals in various appellate Courts have been raised. Several measures have also been taken to promote digital transactions and electronic modes of payment. 

SAHAJ SABHARWAL OF DPS JAMMU WINS INTERNATIONAL ACCLAIM FOR HIS POETRY

Sahaj Sabharwal (batch 2019-20), a published author and a budding poet from Delhi Public School, Jammu has once again brought laurels to his Alma Mater, his parents and his country by winning International Acclaim for his creative work named ‘Stay Cool’ sent to ‘Write to Unite’ publishing house in Peterborough, U.K.Sahaj was among 4000 adults, children and families who were involved to spread positivity and record their thoughts during lockdown. Sahaj’s work will soon be publishing in U.K. The poetry written by him was an advice to people to stay cool and to have their own creative ideas rather than copying others. One of his story ” Bampu and the Bear ” which was written to spread awareness to “Save Wildlife”, also won 4th prize and the Certificate of Appreciation for the school in National level Mega Story Writing Competition organised by “The Children Magazine” in which different schools across the country took part. Earlier too, Sahaj has been writing poetry and articles for many publishing houses and received honours such as Certificates of Appreciation, Merit Certificates, Certificates of Achievement. Now Sahaj is a co-author of more than ten anthologies  and author of his own book named ” Poems by Sahaj Sabharwal ” which is available worldwide for sale as e-book and paperback. It is noteworthy that Sahaj had also written a poem for the Hon’ble Prime Minister of India, Sh. Narendra Modi Ji which also won many appreciations.In this crucial period of pandemic, he has contributed to the Nation as “CORONA WARRIOR” and got many recognitions for his social work.Not only this, Sahaj has done a valuable scientific research titled ” COVID19: CAN SURGICAL MASKS OR RESPIRATORS PREVENT CORONA VIRUS? ” in which he explained the solution for   protecting against Coronavirus in an advanced way for social awareness and it was also appreciated by various organisations and Doctors. His research article got selected  for the 2nd INTERNATIONAL  EUROPEAN CONFERENCE ON INTERDISCIPLINARY SCIENTIFIC RESEARCHES in Ankara, Turkey for his paper. Sahaj’s work is available online on Amazon, Flipkart, Snapdeal and Google Playstore.Principal, DPS Jammu, Ms. Ruchi Chabra congratulated and appreciated Sahaj for his creative work and hoped that in future he will rise to greater heights and win greater fame in the field of creative writing.Hon’ble President, RCT, Sh. M.K Ajatshatru Singh Ji, Hon’ble PVC, Kunwrani Ritu Singh Ji and Hon’ble Director, Sh. S.S Sodhi Ji extended their best wishes to Sahaj and his parents.

IT IS RAINING HEAVILY OUTSIDE SINCE 5 ‘O CLOCK OF THE MORNING AND THE WEATHER IS THE BLISS . BUT , UNFORTUNATELY , TODAY , I AM UNABLE TO MEET MY MORNING FRIEND WHICH IS NEWSPAPER , AS IT IS STILL RAINING HEAVILY , DUE TO WHICH , NEWSPAPER DISTRIBUTOR DID N’T COME . I DECIDED NOT TO BREAK MY MORNING ROUTINE DUE TO SUCHA A BLISS . SO , I READ THE NEWS FROM THE NEWS APP , GOING TO THE DIFFRENT SEGMENTS , MY EYES WENT ON THIS HEADLINE WHICH ITSELF CONCLUDES , HOW MUCH IN THE FAVOUR OF PEOPLE IT IS !. FURTHER , I STARTED READING IT SENTENCE BY SENTENCE , IT IS THE CHANGES IN THE TAX REFORMS , FEW INTRODUCTIONS AND FEW ADDITIONS TO THE REFORMS.

IF WE TALK ABOUT THE TAX REFORMS OF 2019 , CORPORATE TAX LAST YEAR WAS CUT DOWN FROM 30% TO 22% WHICH IS WELCOMED BY MOST AS IN ANTICIPATING MORE FUNDS IN OUR HANDS. AT PRESENT , THAT IS IN THE YEAR 2020 , THE CORPORATE TAX IS FURTHER CUT DOWN FROM 22% TO 15% , WHICH IS IN MY OPINION IS A RATIONAL DECISION . AS WE ALL KNOW , WE ARE GOING THROUGH THE MOST DIIFICULT TIME AND SURVIVING IT , THE ECONOMIC DISRUPTION HAPPENING THIS YEAR IS THE WORST . THE SCHOLARS ARE SAYING THAT THE GDP GROWTH OF THIS YEAR IS GROWING TO THE WORST , MORE DISRUPTED THAN THE GDP GROWTH IN THE YEAR OF 1947. SO , THIS MOVE IS IEVITABLE TO MAKE.IN ADDITION TO THIS , DIVIDEND DISTRIBUTION TAX WAS ALSO ABOLISHED IN 2019.

THE MAIN FOCUS OF THEESE REFORMS IS ON THE REDUCTION IN THE TAX RATES , SIMPLIFICATION OF THE DIRECT TAX LAWS , THERE SHOULD BE MORE TRANSPARENCY IN THE COMMUNICATION , TO MAKE IT HAPPEN , A NEW IDENTIFICATION NUMBER WILL BE ALLOTED TO THE IUNDIVIDUALS. MOREOVER , IT IS ALSO HELPING IN THE PENDING TAX DISPUTES , UNDER THE SCHEME ‘ VIVAD SE VISHWAS ACT 2020 ‘ INTRODUCED IN THEESE TAX REFORMS FOCUSING ON TO REDUCE TAXPAYER GRIEVIANCES AND THE LITIGATION , STATUTORY FILING OF DEPARMENTAL APPEALS . IT IS ALSO HELPING TAX PAYERS IN COVID-19 PANDEMIC BY EXTENDING STATUTORY TIMELINES FOR FILING RETURNS , RELEASING FUNDS EXPEDITIOUSLY TO INCREASE LIQUIDITY IN THE HANDS OF THE TAX PAYERS.

AN HONOURABLE MOVE

The world is suffering from two aspects COVID-19 and financial crisis, the COVID-19 impacting communities,  businesses, the current economic situation of the country is  GDP rank is at 5 th (nominal; 2019) 3 rd (PPP;2020)

Family finances during tough times this places a significant burden on family finances, even for parents who have been working.

If money is affecting your family, use these tips to manage your finances during these tough times

Create a budget to add the cash to your family monthly income, then use the value to create a new budget for the family

Invest the money because the best way to grow your money is by learning how to invest

It’s as simple as reading and you can achieve 

Interest from savings

Cash flow from business or real estate

Appreciation of value from a stock portfolio, real estate, or other assets

Thanks to advance technology, you can invest from your home with a small amount, with no fees on accounts, learn the basics, and make good investment decisions

Investing allows you to grow your money over time thanks to the power of returns

You can buy stocks and bonds, at least mutual funds or exchange-traded funds

We can’t control the overall condition of public health during a pandemic but we can control the growth of money to help the medical expenditure 

Multilevel Marketing companies are big business around the world and they have rightfully attracted much criticism for questionable business practices. Many have called them illegal pyramid schemes. These companies continue to operate in most developed countries around the world and rake in billions of dollars in profit in any given year or with the blessing of local trade authorities. So what are these businesses? Let’s part personal opinions and how annoying it is to be roped into. Some of these MLM meetings for the moment and assess the fundamental economics behind these businesses so. Let’s start with what kind of businesses are they? Many businesses have referral programs. It is likely you have seen offers such as refer a friend and enjoy 50% off your next purchase or even refer a friend and receive $50 cash. These kinds of offers are pretty commonplace in general business world because any business person will tell you positive word of mouth is the best marketing one can receive. It is pretty likely that most people don’t have any major issues with this type of market. If you and your friend both enjoy product like pizza from a local pizza shop taking advantage of these referral offers is probably seen as a win win. Multi level marketing companies have in a sense is pretty benign business model and stretched into its absolute limits. Most multi level marketing companies work by getting a referral incentive, mostly in the form of cash to its members, who get other people to purchase product business but then go one step further and your referral incentives for the people that are signed up by the people You signed up and on and on until you get the mother of all referral programs. That is no longer just a marketing exercise, but the fundamentals of the business itself. This kind of referral program when laid out does tend to make a curious shape. OK, so the companies themselves could get away with calling their structure a very very complicated referral scheme. What kind of business is being formed by the individual participants in these kind of companies? The basic idea behind someone joining a multi level marketing company is that they will buy the products of the company at a discounted rate and sell them to friends and family. This in effect simply makes someone at best a Commission only sales person or at worse an individual retailer for a narrow group of products, which is often very different from the kind of opportunities that are presented to applicants upon joining these companies. This direct sales and retailing aspect is just one side of the business though, and the real opportunity is often presented as building your own sales team. Which more directly translates to convincing your friends and family to also sign up to the company and purchase products that they will then hopefully go out and sell. The big floor in all of this, though, is that most people don’t want and don’t have the experience to be salesman and or sales team managers. This is made worse by the fact that even a highly experienced salesman would find it very hard to sell no name products at a very over inflated price to an increasingly small group of friends that don’t seem to be returning their messages for some reason. Beyond this the fundamental structure of the business runs into a very real problem. Most multi level marketing companies will note that if you sign up for friends and they sign up for friends you will very quickly build a strong team so that you won’t have to worry about going out and selling products, door or friend a friend anymore. That all sounds great, but with that model you only have to repeat that cycle 17 times before you run out of people on Earth. Making the foundation of this whole business a little shaky. Now, a common remodel from hundreds of these businesses is that when you go into business there is always risk involved. Successful spokespeople will often point out that these kinds of companies give people the opportunity to go into business for themselves for only a few $100 it costs to sign up and purchase inventory of product as opposed to the 10s of thousands of dollars it can cost to start a regular business up here right now. On paper, this actually sounds pretty reasonable compared to starting your own business. Even the most expensive multi level marketing companies represent a lot smaller investment up front. This all starts to boil hard though when you consider that First off, not everyone really wants to go into business for themselves, and even if they did, it is likely that they don’t want to go into business selling whatever specific product, but they will be forced to sell here essential oils or vitamins or skin care products or anything else. The multi level marketing companies might deal in. The second factor is the likelihood of success. Now most businesses fail. It is a hard truth for the business world, but only about 40% of new businesses  ever end up making any money and this statistic is even worse for people starting a business for the first time. in the world of MLMs, it gets even worse. Fortunately, multi level marketing companies are obligated to release an income disclosure statement every year. This document details the payment of bonuses and how much is paid to what group of people. This breakdown of bonuses is of course different from every company, but the average from the top 10 multi level marketing companies reveals that only about 30% of active members in a multi level marketing company get paid anything at all, of which only that 12% make more than $1000 a year, 2% make more than minimum full-time wage and a few dozen make more than $100,000 in income in a company that could have hundreds of thousands of members. This income is before even factoring in the cost of products that members along we required to buy to maintain their bonus payments, meaning it is likely that these incomes biggest are overly optimistic.

Let’s say we ignore all of that and assume that you will start being most successful multilevel marketing business in the world. The most successful member of any of these companies worldwide is hard to pinpoint, and it does change frequently given the fundamental sales based nature of these businesses. My best estimate. The title belongs to Holly Chen.She is a member of the Amway Corporation, one of the oldest and currently the largest multi level marketing company in the world. From information gathered about her, it notes that she was one of the first members of Amway. When opened up shop in China. Today, China is the single biggest market for multi level marketing companies worldwide and holly chen was in the right place at the right time to ride the wave of this growth in the top of the business that she has today. Her annual income is calculated to be around. $8,000,000 a year, based on the bonus structure of an like this is on top of an additional $12,000,000 that she gets from the style of books and seminars and online courses that she sells. Although this figure is harder to say with certainty, two things become apparent here. First of all, a majority of this income is not actually coming from the business itself, but rather from running seminars on how to do well in the business. And it also has to be noted but $20,000,000 a year is actually not that great. Don’t get me wrong, $20,000,000 a year is a huge amount of money for someone at the top of a market as big as this. It’s a little bit underwhelming. It is estimated that there are around 18 million people involved in multi level marketing companies in the USA alone. Assuming that the top burner was making that $20,000,000 a year ago. It gives us a good idea of the pinnacle of success in these organizations. Now give other thing, United States has a population of 327 million people in 2019. That means that a staggering 5.5% of the population is involved in one of these companies. If we extrapolate this group of 18 million people out and just assumed it was a random sample of people rather than the MLM members, that would mean the single highest income earner from this randomly selected group would in all probability in the top 20 richest people in all of America. Even if we assume we got the lowest estimated from that list, that would mean we’re looking at an individual like Rob Walton with a net worth of 44 billion dollars. That is more. Is that this randomly selected group of 18 million people is likely to have over 30 billionaires in it and 3000 individuals making more than $20,000,000 a year. What this means is that you are, statistically speaking, 3000 times more likely to be as rich as the top multilevel marketing member by just not joining a multi level marketing company at all.