August 15, 2020 Dose 32

The Capsule

India steps into its 74th Independence Day; Bangladesh observes National Mourning Day, marking the assassination of the country's Father of the Nation, Sheikh Mujibur Rahman (pictured below)

TOP STORIES

On Vikram Sarabhai's birth centenary, Chandrain-2 orbiter spots the Sarabhai crater on the Moon

RBI approved a dividend payment of Rs 57,000 crore to the government

Digging Deeper: The Reserve Bank of India is the central bank of the country - responsible for controlling the money supply, regulating member banks, and formulating monetary policy. It makes yearly payments (dividends) to the government annually based on profits from investments and the buying and selling of bonds. The significant sum this year is targetted towards mitigating the fiscal deficit which arose due to the pandemic.

Senior diplomat Vikram Kumar Doraiswami appointed the next high commissioner of India to Bangladesh.

Bangladeshis across the country and the world mourn the horrific deaths of the father of the nation, Sheikh Mujibur Rahman and his family

Standard Chartered will issue Tk 850 crore zero-coupon bond

What it means: A bond is a security through which an institution raises capital from investors, who agree to earn fixed income (unlike equity, which in theory, has unlimited upside). The zero-coupon bond, as the name suggests, does not provide any coupon (interest) payments. Instead, it is offered at a deep discount with the investor profiting when it's redeemed for full face value. This profit can benefit from tax exemptions for non-financial institutional investors, making zero coupon bonds attractive for retail investors for example. SCB, with a AAA credit rating (deeming it to be a very safe credit), will be the first foreign bank to offer such bonds when BSEC approves its application.

Psssh -- here's a secret. We have the founder of Six Feet Closer and McKinsey consultant Shaibyaa Rajbhandari coming live on Instagram for a Q&A -- don't miss out a chance to ask her questions around entrepreneurship, consulting and womxn empowerment here


On the nation's 74th Independence Day, Prime Minister Imran Khan had some words of hope -- "The last two years were difficult, but things are improving."

The government has made the payment of Advance Personal Income Tax (APIT) compulsory for all foreign workers who earn more than Rs 3 million annually

Seven die in landslides in Kalikot and Makwanpur

MARKET INDEX

SOUTH ASIA

TODAY

1-DAY

YTD

DSEX

4,703

+1.51%

+5.61%

SENSEX

37,877

-1.13%

-8.4%

KSE100

28,134

-0.31%

-32.04%

CSE

5,262

+0.5%

-13.79%

GLOBAL

S&P

3,373

-0.02%

+3.53%

FTSE

6,090

-1.55%

-19.91%

OIL

45

-0.02%

-32.53%

GOLD

1,944

-0.02%

+27.95%

TECHNOLOGY AND STARTUPS

Amazon rolled out its online pharmacy in India


Apple and Google boot Fortnite from their app stores

How did this happen? Apple charges a 30% cut of in-app purchases from apps in its marketplace. Fortnite's new update included a direct payment system bypassing this commission, allowing players to purchase V-Bucks at a 20% discount. Since it violated the stores' terms of service, Apple and Google removed the app.


Startup

Entri is a Kochi based ed-tech startup providing regional language learning for job seekers. It offers lessons in multiple languages for aspirants preparing for PSC examinations in states like Kerala, Tamil Nadu, Telangana, and Andhra Pradesh. 

SPORTS CORNER

Bayern trounces Barcelona 8-2

Mohammad Rizwan's half-century keep Pakistan afloat against England

PROFESSIONAL DEVELOPMENT

The Consulting Case Interview (part 4 of 4)

In our final section (previous ones in our archive), we will breakdown how you will be evaluated

The interviewer will have a feedback form where he or she will assess different aspects. The most common are structured thinking, analysis, business acumen, quantitative background, etc. Not every firm will focus on the same areas. The following graphic will give you an idea of how interviews tend to differ by top firms.



If you have more questions about the case interview and consulting in general, make sure to tune in to The Capsule's IG live Q&A where McKinsey analyst Shaibyaa Rajbhandari can give you some perspective into the life of a top consultant.

KEEP IT SHARP

Which word in the dictionary is always spelled incorrectly?

HERE'S SOMETHING INTERESTING

We are feeling philosophical at The Capsule today, so here's our favorite answer from a popular question on Quora:


Q: What is the biggest misconception people have about life?


A: That there is a prize at the end.

No matter how many points you score during life (going to a fancy school, landing a six-figure salary, marrying an attractive person), we all end up at the same place: dead. The richest man dies just as the poorest woman does. So, think about what you want to spend your lifetime doing.


As Zach Davidson put it, the journey is the prize...

 

OF ART AND ARTISTS

As industry adopts digital technology at breakneck pace, so is the world of Art. Check out Bangladeshi artist Fahim Intesar's 3D Art on his Instagram account - we love the way he manages to capture every little detail from shadows and lighting.

ANSWER

Incorrectly

"My greatest strength is the love for my people, my greatest weakness is that I love them too much."

- Bangabandhu Sheikh Mujibur Rahman

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