Category: Opinion

“It is hard enough to remember my opinions, without also remembering my reasons for them!”

Opinion

The Credit Suisse Collapse | What Went Wrong & What Are the Lessons?

Credit Suisse was once one of the world’s leading banks, with a reputation for innovation and excellence. But in March 2023, it shocked the financial world by announcing that it had run out of cash and was being taken over by its rival UBS. How did this happen? And what can other banks learn from its demise? Credit Suisse’s collapse is a cautionary tale for all banks that want to survive and thrive in the post-pandemic era. They need to be agile, customer-centric, and responsible if they want to avoid becoming obsolete or irrelevant. Continue reading The Credit Suisse Collapse | What Went Wrong & What Are the Lessons?

Indrajit RoyChoudhury6 Comments
Opinion

Silicon Valley Bank | How Does a Bank Collapse in 48 Hours?

Silicon Valley Bank (SVB) was a well-capitalized institution seeking to raise some funds. Within 48 hours, a panic induced by the very venture capital community that SVB had served and nurtured ended the bank’s 40-year run. While relatively unknown outside of Silicon Valley, SVB was among the top 20 American commercial banks, with US$209 billion in total assets at the end of last year. Faced with higher interest rates, loss of IPOs, and a funding drought, SVB’s clients began pulling money out of the bank. Lenders somewhat similar to SVB are in an unfortunate situation. A failure to protect deposits over $250,000 could cause a loss of faith in other mid-sized banks. Analysts said SVB’s collapse is unlikely to set off the kind of domino effect that gripped the banking industry during the financial crisis. Continue reading Silicon Valley Bank | How Does a Bank Collapse in 48 Hours?

Indrajit RoyChoudhury10 Comments
Opinion

Are Greed & Stupidity Causes of Recession?

A recession is a business cycle contraction when there is a general decline in economic activity. We have seen just as the market can become overwhelmed with greed; it can also succumb to fear. Just as greed dominates the market during a boom, fear prevails following its bust.The recession is nothing but the greed of big businesses to be more profitable by reducing quality and using unfair practices and also of careless arrogant employees giving pathetic service as long as profits are coming. Continue reading Are Greed & Stupidity Causes of Recession?

Indrajit RoyChoudhury16 Comments
Opinion

Paper vs. Electronic Medical Record Keeping

Medical records are the document that explains all detail about the patient’s history, clinical findings, diagnostic test results, pre and postoperative care, patient’s progress and medication. If written correctly, notes will support the doctor about the correctness of treatment. A good medical record serves the interest of the medical practitioner as well as his patients. It is very important for the treating doctor to properly document the management of the patient under his care. Continue reading Paper vs. Electronic Medical Record Keeping

Judhajit Roychoudhury2 Comments
Opinion

Sri Aurobindo | Prophet of Indian Nationalism

Today as we celebrate the 75 years of Independence of India, it’s also the 150th birth anniversary of Sri Aurobindo. The bedrock of the political philosophy of Sri Aurobindo was his concept of spiritual nationalism and the divinity of the motherland. His theory of Spiritual Nationalism is a great synthesis of philosophies of both east and west integrated into one philosophy. His philosophy of Spiritual Nationalism is for the benefit of humanity and not just Indians. He envisaged a new society and a new civilization. Continue reading Sri Aurobindo | Prophet of Indian Nationalism

Indrajit RoyChoudhury6 Comments
Opinion

Is India Heading Towards a Recession?

Ever since the COVID-19 crisis started all over the world, the risk of different economies falling into the grip of recession has increased. The fear of a recession once again in the world has deepened. The impact of a US recession on India will depend on the magnitude of the recession; how big the recession is. While the economy has shown resilience, it cannot remain immune to a slowdown in the global economy and a possible recession in advanced economies. Continue reading Is India Heading Towards a Recession?

Indrajit RoyChoudhury11 Comments
Opinion

Dollar-Rupee Heading 80 & May Hit 82

The Indian rupee has plunged more than 6 per cent against the US dollar this year and tumbled to record lows against the American currency in recent weeks, weighed down by broad strength in the greenback and as investors retreated from domestic share markets. This is in spite of the Indian central bank’s conviction and actions to stall a freefall. The Reserve Bank of India (RBI) has attempted to save the vulnerable rupee. The analysts say the dollar is likely going to remain strong for the next three months, possibly to the end of the year. The Fed wants to maintain a strong dollar so that the dollar can remain the world’s major reserve currency. Continue reading Dollar-Rupee Heading 80 & May Hit 82

Indrajit RoyChoudhury7 Comments
Opinion

Digital Transformation in Healthcare

Digital healthcare, is a broad, multidisciplinary concept that includes concepts from an intersection between technology and healthcare. Digital healthcare applies digital transformation to the healthcare field, incorporating software, hardware and services. There is a major shift towards a digital health ecosystem approach that connects and empowers people and populations to manage their own health and wellness. Digital healthcare has the potential to prevent disease and lower healthcare costs while helping patients monitor and manage chronic conditions. It can also tailor medicine for individual patients. However, there are some challenges too. Continue reading Digital Transformation in Healthcare

Judhajit Roychoudhury4 Comments
Opinion

Hate Speech Isn’t Freedom of Expression

Hate speech is a menace to democratic values, social stability and peace. As a matter of principle, hate speech must be confronted at every turn and be tackled in order to prevent armed conflict, crimes and terrorism, end violence against women and other serious violations of human rights, and promote peaceful, inclusive and just societies. Free speech is sacred to any democratic society. Hateful statements, from a legal perspective, can be classified as opinions. However, the sometimes painful bite of unfettered speech leads many to ask two perfectly logical questions: At what cost? And for what pain? Continue reading Hate Speech Isn’t Freedom of Expression

Indrajit RoyChoudhury18 Comments
Opinion

Woke up to yet another fierce dust storm in Baghdad | Climate Crisis

Dust storms are common in Iraq, but some experts believe they are becoming more frequent due to climate change. The storms are expected to become more frequent due to drought, desertification and declining rainfall. Iraq is classified as one of the world’s five countries most vulnerable to climate change and desertification. Continue reading Woke up to yet another fierce dust storm in Baghdad | Climate Crisis

Indrajit RoyChoudhury16 Comments