Bureaucracy and Bureaucrats The term bureaucracy may refer both to a body of non-elected governing officials (bureaucrats) and to an administrative policy-making group. A bureaucracy was a government administration managed by departments staffed with non-elected officials. Today, bureaucracy is the administrative system governing any large institution, whether publicly owned or privately owned. Various…

When law breaks Newton made physics so well that you can use his theories to solve H.C.Verma’s free body diagram questions and complete your deep space/sea exploration as well. But in many places, it fails because of one assumption, Single Gravitational Force. In space, you have more than one gravitational force. So, the…

Written by Shubham Baranwal and Yogesh Kothiya for Co-learning Lounge Finance is one of the most crucial sectors for the world and the country’s economy. Although the use of a data-driven statistical approach to making decisions was already part of the business, recently with the advancement in the Data Science…

Decision-making is hard. But why? Because there are multiple parameters, lack of information and not knowing the outcome. But do we have a formula for humans to make decisions similar to what we have developed for machines? Maybe we have. Some call it intuition, some call it framework and some…

Is this a new Cryptocurrency? No. Is this RBI’s digital currency? No. :-( Then what it is? This is a new digital payment solution by GOI launched on 02/Aug/2021. It will directly or indirectly help almost 90Crore (900M) people and 300+ government schemes. Currently, the government helps beneficiaries through DBT…

Mario Bros, GTA Vice City, Need for Speed, Call of Duty, PUBG, Angry Birds, Cricket, Football, Weightlifting, KBC and more are games. All of these have millions of fans and require different skillsets to climb on top. Games make us feel happy and in the end, they are fun. Fun…

Volatility is our friend if we could manage it well, not if we stumbled along the way. The volatility and that financial services really stand in managing and helping the economy to handle risks. Taking, transferring and pricing the risk. What could be more volatile than the pandemic and the…

A lot of things happened in the last few weeks in the finance market that is newsworthy. Sensex crossed 50k so does bitcoin price. Robinhood took years to build a reputation and crushed that in a matter of days. Groups of meme-loving young people brought Wallstreet to their knees while gaining…

Insurance is financial protection. It can be life, health, car, bike, rental or anything else. As we are improving our lifestyle, one thing which is also improving is the quantifiability of risks in daily life. …