August 10, 2020 Dose 30

The Capsule

In a symbolic gesture to promote gender inclusivity, Mumbai has changed some of its traffic signals to represent women

TOP STORIES

Ten patients have died after a fire broke out at a temporary COVID-19 hospital in Vijayawada

Prime Minister Narendra Modi launched Rs 1 lakh crore Agriculture Infrastructure Fund

Digging Deeper: The fund has been set up for agri-entrepreneurs, startups, agri-tech players, and farmer groups in a bid to nurture farm assets and post-harvest management with the ultimate goal of making them self-reliant. These resources will empower farmers to achieve higher value for their produce, as they will be able to store and sell at higher seasonal prices, minimize wastage, and grow processing value.

At least 29 people were killed in a monsoon-triggered landslide in Idukki district

Non-resident Bangladeshis (NRBs) can now keep their funds in the form of Fixed Deposit Receipts (FDR) and Deposit Plus Schemes (DPS)

What it means: Remittance from expatriate Bangladeshis hit a record $18.2 billion in FY 19-20. This new directive will allow people to benefit from attractive interest rates by keeping their money in banks on a long-term basis. It is part of the government's plan to increase remittance through legal channels.

After India, the Ministry of Water Resources is now seeking China's help for the management of Teesta river

DSE turned positive for 2020 with a 4.13% jump

Prime Minister Imran Khan introduced the country's most extensive plantation campaign

Schools will reopen from tomorrow in various stages

Indian Army gifted 10 ICU ventilators to the Nepali Army

MARKET INDEX

SOUTH ASIA

TODAY

1-DAY

YTD

DSEX

4,545

+4.13%

+2.06%

SENSEX

38,041

+0.04%

-8.00%

KSE100

28,044

-0.01%

-32.26%

CSE

5,176

-0.01%

-15.19%

GLOBAL

S&P

3,351

+0.06%

+2.87%

FTSE

6,032

0.09%

-20.67%

OIL

45

+0.02

-32.57%

GOLD

2,034

+0.10

+33.88%

TECHNOLOGY AND STARTUPS

US Tech Giants are not settling well with the India Data-Curb Plan

So What? A government-appointed committee in July proposed setting up a regulator for data that excludes personal details (i.e. mass anonymous data collection) but is essential for firms to grow their businesses. If passed, firms would have to share such data with other entities, even competitors. A group representing Amazon, Facebook, and Google is preparing to push back against the proposals.

Twitter entered the race to acquire TikTok’s U.S. operations

Internet speed restored after submarine cable cut disrupted connectivity for 12 hours in Bangladesh

A startup you should follow:

The future is here in South Asia -- Indian startup Skylark Drones utilizes aerial imagery and data collection technologies to provide actionable insights for their clients including Tata Steel, UltraTech Cement, Aditya Birla, Bosch and more.

SPORTS CORNER

Watch Messi's incredible goal against Napoli in the Champions League

England won the first test against Pakistan by three wickets

PROFESSIONAL DEVELOPMENT

The Consulting Case Interview (Part 3 of 4)

Now that you've understood what the case interview is, it is time to put it to use. Remember that practice makes the master. You can start by reaching out to friends who are also interested in consulting and conduct mock interviews together. If that’s proving to be an issue with conflicting schedules, you can try going on preplounge.com/en to meet people preparing like you (you can get started here). 

If your institution has consulting clubs, joining them or simply reaching out to members will give you more insight as well as access to club resources. Lastly, if recruiting season is coming up, try to set up a mock interview with an actual consultant at the firm you are interested in -- you’ll be surprised how many people are open to spending ~30 minutes walking you through the process. Moreover, having successfully gone through the recruiting process themselves, they can assist you with what the firm explicitly focuses on during the interview and provide general tips on “soft skills” required to ace the recruitment process

P.S. this is not just for students, professionals can benefit from reading through cases and building their business acumen. Here are interactive samples from BCG.

KEEP IT SHARP

What English word has three consecutive double letters?

HERE'S SOMETHING INTERESTING

If you feel like you have hit rock bottom, nothing is going right in your life, and that you can’t recover from a setback, just look at Tim Myers to see what is possible. The man worked hard to become a developer, then went to jail for eight (yes, almost a decade) years before coming back to become a top-notch developer again. It was not an easy ride and he had to face a lot of bias as an ex-felon…

In his own words: My point is that if I can go from Prison to Fast-Food to Retail and get a job in fintech with a felony record then there is no reason it can’t happen for you too.”

We encourage you to read this incredible story in full detail here (~3 min read). 

OF ART AND ARTISTS

Rahemur Rahman, a UK-based Bangladeshi fashion designer, creates a style that marries sustainable fashion and South Asia. His line draws inspiration from region, playing with patterns and textures to create unique pieces 'for people who dream in color.'

ANSWER

Bookkeeper

"Life is like a game of cards. The hand you are dealt is determinism; the way you play it is free will."

Jawaharlal Nehru (First Prime Minister of India)

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