Why the Underdog Mindset Always Wins

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Indian Cinema Industry Suffering During Covid Situation

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During this Covid-19 situation, Indian Hindi cinema has faced huge losses as well as closed thousand plus cinema complexes permanently and postponed hundred plus hits movies released. Some film projects shout down, while many people lost their jobs not only related to film’s production but also film’s supply chain.  According to a 2020 report from accounting firm Ernst & Young, India had around 9,527 screens out of which there were around 6,327 single-screen theaters and 3,200 multiplexes. Last year, around 1,000 screens shut down permanently. This is the one industry which is already dealing with losses and no one knows when they can recover from the loss.          On March, 2020Hindustan Times reported that Bollywood looking at 1300 corer rupees’ losses due to Covid-19 lockdown. Even they revealed that Bollywood film’s exported to ‘eat each other’s business’ after situation will be normal and film will start to releases theatrically.   ...
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Global Conference: Physical or Virtual?

I came across this interesting report in BBC: How global conferences are using tech to stay in business in which it talked about hosting conferences virtually instead of face to face events. During the days of corona , there is hardly any scope of arranging conferences physically. Even, we have to arrange almost all of the office meetings via Zoom or similar softwares. So, you have to depend on technology during such tough times. Once the epidemic is gone or at least 70% of the people being vaccinated and we can have most of the restrictions lifted, will we go back to face to face events? May be or may be not. We surely love to go back to normal life again. But then, it may literally take months if not years to get all the people of all the countries vaccinated. When talking about global conference, don’t forget that global means people from many countries. So, if you have to have a real global conference then you need to have people from at least 20-30 countries or even more...
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Wealth Gap during Corona Virus Days

For the last 18 months, life has come to a stand still in many countries of the world. So, economic activities have suffered significantly. GDP loss is natural phenomenon. According to Statista : This forecast was already restated to a GDP loss of 4.5 percent. To put this number in perspective, global GDP was estimated at around 87.55 trillion U.S. dollars in 2019 – meaning that a 4.5 percent drop in economic growth results in almost 3.94 trillion U.S. dollars of lost economic output. Excerpts from this report says perhaps the same thing too: McKinsey: How can we start to understand the enduring costs of the COVID-19 pandemic? Eric Achtmann: It’s worth taking a step back just to contextualize the short-term costs. We’re talking about $16 trillion to $35 trillion by 20253 as a potential direct cost of the pandemic. This equates to approximately wiping two years of gross income off the average American taxpayer, assuming a median gross income, or about 5 to 10 percent of a g...
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