HENCY R SHAH AND ASSOCIATES

10 Revolutionary Technologies Shaping Our World Can you recall a time when you had to replace a film roll in your camera before embarking on a family trip? Or when encyclopedias were your go-to source of knowledge because Google had yet to exist? How about the days of telegrams and long waits for costly international calls? Sending letters and cards to loved ones feels like a distant memory now, doesn't it? These memories, just two or three decades old, seem like a lifetime ago, thanks to the rapid advancement of modern technology. We now live in an era where groundbreaking inventions emerge almost daily across the globe, constantly reshaping our world. The turn of the millennium marked a monumental shift from landline phones, VCRs, and floppy disks to the rise of mobile phones, USB devices, laptops, and tablets. However, the evolution didn't stop there. Over the next 20 years, we witnessed a plethora of awe-inspiring inventions, from high-resolution camera phones to the explos...

Unleashing India's Demographic Dividend for Economic Prosperity India possesses a demographic dividend that holds tremendous potential for driving robust economic growth. To capitalize on this opportunity, it is imperative to empower the workforce with the essential skills required to meet the demands of the global economy. Recent UN data has revealed that India has surpassed China to become the world's most populous country. The discourse on population growth and economic development has been a recurring topic among economists since the 19th century. Thomas Malthus famously argued that a burgeoning population would inevitably lead to diminished living standards due to limited resource availability, potentially resulting in strife and famine. Fortunately, history has proven this theory wrong. Malthus failed to account for the power of human ingenuity, innovation, and technological advancements, which have continually improved productivity and resource utilization over time. In ...

India tops world ranking in digital payments India with 89.5 million digital transactions in the year 2022 has topped the list of five countries in digital payments, according to data from MyGovIndia. As per the data, India in the year 2022 accounting for 46 per cent of the global real-time payments, adding that the digital payment transactions in India is more than the other four leading countries combined. Second, on the list is Brazil which amounted to 29.2 million transactions followed by China with 17.6 million transactions. On number 4 is Thailand with 16.5 million digital transactions followed by South Korea with 8 million worth of transactions, the data from MyGovIndia has stated. MyGovIndia is a Citizen engagement platform of the Government of India, giving people the opportunity to work towards Surajya with their ideas and grass root level of contribution. Earlier this year, Prime Minister Narendra Modi said that India is number one in digital payments and that the country...

"RBI Report: Rise in Counterfeit Currency and Digital Fraud Challenges Banking System" According to the annual report for 2022-23 released by the Reserve Bank of India (RBI), there has been an increase in the detection of counterfeit currency notes in the banking system. The report indicates that there was a rise of 14.4 percent in counterfeit currency notes of ₹500 denomination, while those of ₹20 denomination saw an increase of 8.4 percent. Out of all the fake currency notes detected, 4.6 percent were found at the RBI, while 95.4 percent were detected at other banks. On the other hand, counterfeit notes of ₹10 denomination decreased by 11.6 percent, ₹100 denomination notes declined by 14.7 percent, and ₹2,000 denomination notes decreased by 27.9 percent. In terms of value, the share of ₹500 and ₹2,000 banknotes increased to 87.9 percent of the total value of notes in circulation as of March 31, compared to 87.1 percent from the previous year. In terms of volume, ₹500 bankno...