EQ Saturday Sapience #96
Equity Intelligence 7th December 2024
The surprising connection between EVs, gig work and financial inclusion, Is it India’s Century and Why?, Deep in debt, Himachal Pradesh is a case study in how not to run a state, The so-called PayPal mafias and Elon Musk friends are getting some important positions in next US government formation.
- Today, India has over 8 million gig workers and over 21 million e-commerce and quick commerce deliveries every day. If you combine this with the huge last-mile passenger mobility market, you are looking at tens of millions of transactions taking place every day… Read more
- In a country still grappling with poverty and deprivation, where chaos is a way of life, sceptics might see this question as loaded. But for Professor Debashis Chatterjee, it’s an opportunity to rewrite the narrative. Fresh from organising a conference in London, titled Globalising Indian Thought, Professor Chatterjee brings a bold vision to the table—one that redefines what India can offer the world… Watch more
- The state’s expenses far outstrip its revenue. Committed expenditure, those on salaries, pensions and interest, alone accounts for 67% of its revenue expenses. That has left very little space for capital and other developmental expenses. In 2023-24, the state posted a revenue deficit of 2.6% and a fiscal deficit of 5.9%, way above the target fixed for the states. Consequently, its borrowings are significant… Read more
- US President-elect Donald Trump has named venture capitalist David Sacks as the White House’s artificial intelligence and cryptocurrency tsar, the latest confidant of Elon Musk to receive a top appointment in the new government… Read more
- “Deprival-superreaction tendency and inconsistency-avoidance tendency often join to cause one form of business failure. In this form of ruin, a man gradually uses up all his good assets in a fruitless attempt to rescue a big venture going bad. One of the best antidotes to this folly is good poker skill learned young. The teaching value of poker demonstrates that not all effective teaching occurs on a standard academic path.” —Charlie Munger
