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A corpus of Rs 1 lakh crore will be established with 50-year interest free loans to encourage the private sector to scale up research and innovation in sunrise domains, Union Finance Minister <keyword id="19916618" type="General" weightage="20" keywordseo="nirmala-sitharaman" source="keywords">Nirmala Sitharaman</keyword> announced on Thursday. Presenting the interim Budget 2024-25, Sitharaman said this will be a golden era for India's tech savvy youth. "A corpus of Rs 1 lakh crore will be established with 50-year interest free loan. The corpus will provide long-term financing or refinancing with long tenures and low or nil interest rates," the minister said. "This will encourage the private sector to scale up research and innovation significantly in sunrise domains. We need to have programmes that combine the powers of our youth and technology," she added. EV stocks rally Shares of companies related to the electric vehicle segment jumped on Thursday after the announcement that the government will expand the electric vehicle ecosystem to support charging infra, and e-buses for public transport networks will be encouraged. The stock of Olectra Greentech jumped 6.21% to reach its 52-week high of Rs 1,849.25 on the BSE. JBM Auto climbed 4.96% to hit its one-year peak of Rs 2,010.80. Greaves Cotton went up by 3% to the day's high of Rs 168.55. The government will expand the electric vehicle ecosystem to support charging infra, and e-buses for public transport networks will be encouraged, Finance Minister Nirmala Sitharaman said on Thursday. Sitharaman, in her pre-election Budget, which is technically a vote on account and popularly termed an interim Budget, also said the blending of compressed biogas into compressed natural gas for transport and piped natural gas will be mandatory. Biomanufacturing and bio foundry scheme will be launched to provide environment-friendly alternatives for bio-degradable production, she added.

Corpus of Rs 1 lk cr to scale up research in sunrise domains: FM Sitharaman

Ahmedabad, Mar 7 () NITI Aayog CEO Amitabh Kantsaid on Saturday that technology in sunrise sectors will haveto be the key for the country to achieve 9-10 per cent growth.Kant was delivering the 41st Vikram Sarabhai MemorialLecture here."My belief is, unless and until we don't usetechnology to leapfrog into the next generation, it will bewe grow as usual, at 4-5 per cent."But if you want a quantum jump of 9-10 per cent,technology in sunrise areas of growth has to be the key," hesaid. "And therefore, we must use machine learning, we mustuse artificial intelligence to make this massive growthprocess," Kant said.Electric mobility will be the newer area of growth,especially with the cost of battery falling radically, hesaid. Data storage has also created huge possibilities forinnovators, he said."What India has done is create a vast amount of datain public domain, on the back of which it has allowed privatesector to innovate. What we need to do is use this publichighways for a lot of private sector innovation," he said. "No other country in the world has the size and scaleof India as far as data is concerned. Nowhere in the world wehave public data of this size and scale to find solutions tothe challenges of India," he said.Underscoring the importance of design, Kant said itaccounts for 70 per cent of a product's value. "In today's world, more than manufacturing, it isdesign which is important. Therefore, design in India mustbecome our key principle... And that is where the real valuelies," he said.Indian companies, innovators, researchers andacademicians should come forward and register their patents,Kant said."India's patent registration has been absolutelydismal.And therefore, the key really is about buildingintellectual knowledge, doing research, about registering.Therefore, it is big onus on all of us," he said.India has seen a large number of start-ups emerging inrecent times, he said."And start-ups are not merely disrupting systems, butmany are finding solutions to problems in India, he said. He also called for gender parity in the country's workforce and reforms in the agricultural sector. KAPDKRK KRK

Technology in sunrise sectors key to 9-10 pc growth: Kant

<ul><li><keyword id="20113893" type="General" weightage="20" keywordseo="HP" source="keywords" meta.keywordsubtype="org" meta.entityname="HP" meta.hostid="261" meta.entityid="HP">HP</keyword> has remained the market leader, with over 30% market share, but dropping year-on-year.</li><li>The <keyword id="21087685" type="General" weightage="100" keywordseo="Indian-PC-market" source="keywords">Indian PC market</keyword> shipped 3.07 million units during <keyword id="21174432" type="General" weightage="20" keywordseo="Q1-2024" source="keywords">Q1 2024</keyword>, up from 2.99 million units shipped in Q1 2023 — a 2.6% increase in shipments.</li><li><keyword id="19969515" type="General" weightage="20" keywordseo="Dell" source="keywords" meta.keywordsubtype="org" meta.entityname="Dell" meta.hostid="261" meta.entityid="Dell">Dell</keyword> and <keyword id="20240684" type="General" weightage="20" keywordseo="Acer" source="keywords" meta.keywordsubtype="org" meta.entityname="Acer" meta.hostid="261" meta.entityid="Acer">Acer</keyword> both reported a nearly 30% increase in shipments year-on-year.</li></ul> The Indian PC market, which includes desktops, notebooks and workstations reported a modest growth of 2.6% year-on-year in Q1 2024, marking the third consecutive quarter to report year-on-year growth in shipments. According to data from the International Data Corporation (IDC), 3.07 million units of PCs were shipped in India in Q1 2024, up from 2.99 million units in Q1 2023, recording a 2.6% growth. “The consumer segment had a third consecutive quarter of YoY growth. However, the demand softened from the high double-digit growth in the previous two quarters to under 5% growth. Vendors focused on clearing inventory, while a few vendors faced shipment delays leading to lower than expected sell-in,” said Bharath Shenoy, Research Manager, IDC India &amp; South Asia. <cmsannotation type="cmsannotation" annotationid="India PC market top companies" comment="subhead" text="India PC market top companies">India PC market top companies</cmsannotation> <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q1 2024 </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q1 2023 </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Change </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">HP </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">9.23 lakh </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">10.12 lakh </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">-8.80% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Dell </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">5.37 lakh </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">4.17 lakh </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">28.80% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Acer </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">4.74 lakh </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">3.68 lakh </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">28.80% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Lenovo </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">4.64 lakh </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">4.7 lakh </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">-1.30% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Asus </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.82 lakh </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.98 lakh </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">-7% </td></tr></tbody></table> Source: IDC HP has emerged as the market leader despite a decline in shipments. The company shipped 9.23 lakh units in Q1 2024, down from 10.12 lakh units in Q1 2023, recording an 8.8% decline. While HP continued to lead in both desktop and notebook categories, its decline in shipments was due to delay in shipments and reduced enterprise orders. Dell and Acer both reported a nearly 30% increase in shipments year-on-year. Dell shipped 5.37 lakh units in Q1 2024, up from 4.17 lakh units in Q1 2023. The company fared well in both commercial and consumer segments. Dell had one of its best quarters in the commercial desktop category, boosted by orders from the government. Acer on the other hand shipped 4.74 lakh units, up from 3.68 lakh units. The company’s performance was boosted by good shipments in the online segment. <cmsannotation type="cmsannotation" annotationid="PC shipments market share" comment="subhead" text="PC shipments market share"><keyword id="20148358" type="General" weightage="20" keywordseo="PC-shipments" source="keywords">PC shipments</keyword> market share</cmsannotation> <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q1 2024 </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q1 2023 </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">HP </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">30.10% </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">33.80% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Dell </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">17.50% </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">13.90% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Acer </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">15.40% </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">12.30% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Lenovo </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">15.10% </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">15.70% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Asus </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">5.90% </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">6.60% </td></tr></tbody></table> Source: IDC In addition to a decline in shipments, HP’s market share also declined from 33.8% in Q1 2023 to 30.1% in Q1 2024. Dell and Acer continued to perform well, increasing their market share while everyone else reported a decline. “The PC Market in India is facing challenges in the commercial segment due to reduced PC procurement from the IT/ITES sector and global accounts which traditionally drive significant volumes. The market is expected to start recovering by the end of 2024 with refresh buying from the enterprise segment,” said Navkendar Singh, AVP, Devices Research, IDC Asia/Pacific SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/go-digit-ipo-allotment-how-to-check-allotment-gmp-listing-date-and-more/articleshow/110276113.cms">Go Digit IPO allotment – How to check allotment, GMP, listing date and more</a> <a href="https://www.businessinsider.in/sports/webstories/kolkata-knight-riders-vs-sunrisers-hyderabad-head-to-head-record-match-timings-and-more/slidelist/110274500.cms">Kolkata Knight Riders vs Sunrisers Hyderabad – head-to-head record, match timings and more</a> <a href="https://www.businessinsider.in/tech/mobile/webstories/motorola-edge-50-fusion-vs-oneplus-nord-ce-4-price-specs-and-features-compared/slidelist/110197390.cms">Motorola Edge 50 Fusion vs OnePlus Nord CE 4 – price, specs and features compared</a>

India's PC market grows by 2.6% in Q1 2024, recording third consecutive quarter with growth

Gandhinagar, <keyword id="7706673" type="General" weightage="20" keywordseo="finance-minister-nirmala-sitharaman" source="Orion">Finance Minister Nirmala Sitharaman</keyword> said on Wednesday exuded confidence that India will become the world's third largest economy worth over USD 5 trillion by 2027-28 and a developed nation by 2047, with GDP touching USD 30 trillion. India, with a GDP of roughly USD 3.4 trillion, is currently the fifth largest economy in the world, after the US, China, Japan and Germany. Sitharaman said during the Amritkal, which will mark 100 years of India's Independence in 2047, emphasis is being given to sunrise industries. Also, the FDI policy of the Narendra Modi Government has helped attract foreign investment, with USD 595 billion coming in the last 9 years. "It is possible that we will be the third largest economy by 2027-28, and our GDP will cross USD 5 trillion by that time. By 2047, it is a conservative estimate that we will reach at least USD 30 trillion in terms of economy," Sitharaman said while addressing a seminar of Vibrant Gujarat Global Summit 2024. Stressing that the people of India have met with the challenges post-COVID and recovery is on a strong footing, she said Gujarat will be the engine of growth in India's march to become a developed economy by 2047. The state has 5 per cent of India's population but contributes 8.5 per cent to the country's GDP. It is rapidly moving forward at 12 per cent CAGR (annual growth) between 2011 and 2021 against a national average of 10.4 per cent, the Union <keyword id="6355261" type="General" weightage="20" keywordseo="finance-minister" source="Orion">Finance Minister</keyword> said. Sitharaman said India is on track to become an in-house producer of semiconductors, and EV adoption is happening in a big way. All of these are the result of the FDI policy being pursued by the government. Between April 2000 and March 2023, in 23 years, India has attracted USD 919 billion in foreign direct investment (FDI). 65 per cent of this, or USD 595 billion, has come in the last 8-9 years, Sitharaman said. "FDI is coming in... where policies bring in greater certainty, convenience, ease of doing business, FDI flows in. Of course, disruptions of higher US Fed rate and other things can divert it elsewhere. But despite that, we have been receiving that kind of flow of the FDI. It is not as if it's coming only for manufacturing, it is coming in the service sector (as well)," she said. Speaking about financial inclusion, Sitharaman said 80 per cent of people have bank accounts. The number of bank account holders increased to 50 crore from 15 crore in 2014.

India to be third largest economy by FY28, a developed nation by 2047: FM

<ul class="summary-list"><li>Grigory Lukin achieved financial independence and retired early from his Amazon job at age 34.</li><li>He saved a lot of his paycheck and earned relocation bonuses for moving from city to city in the US.</li></ul>This as-told-to essay is based on a conversation with <a target="_blank" href="https://affiliate.insider.com?amazonTrackingID=biauto-64547-20&amp;h=bb7ec99aa2aaf8baadc40202fdc2837ba5a390f5610432a376ea96df1c6dec1e&amp;postID=65e1ed114aaa4153d1fbbce6&amp;postSlug=amazon-worker-financial-independence-retire-early-fire-in-canada-cheaper-2024-3&amp;site=bi&amp;u=https%3A%2F%2Fwww.amazon.com%2FLets-Retire-Young-Simplicity-Lean-FIRE-ebook%2Fdp%2FB0C6R1RNJT%3Fref_%3Dast_author_mpb">Grigory Lukin</a>, 37, about his experience saving through the <a target="_blank" href="https://www.businessinsider.com/personal-finance/financial-independence-retire-early">Lean FIRE method</a> and retiring at age 34 in 2021. Originally from Russia, Lukin lived in different US cities before moving to Canad, all while saving for an early retirement. The conversation was edited for length and clarity.I developed a personal philosophy. It basically amounted to: Earn more, spend less, invest the rest. It was a nice little mantra."<a target="_blank" href="https://www.businessinsider.com/personal-finance/financial-independence-retire-early">Lean FIRE</a>" is when you live like a monk or like a grad student. Basically, you don't necessarily have to be broke or be "<a target="_blank" href="https://www.businessinsider.com/amazon-employees-use-frupidity-mix-frugality-stupidy-2022-8">frupid</a>" — when you make stupid decisions just to save money and it backfires. It's just about living within your means and not focusing on consumerism and capitalism, but rather enjoying the little things in life.I spent several years just trying to keep my head above the water, financially speaking, working manual jobs at Amazon warehouses.There's a book by Tim Ferriss called "The 4-Hour Workweek." When it came out in 2007, it was really revolutionary. He wrote about a bunch of things, but one of my favorite concepts was geographic arbitrage. Basically, you can enjoy the same standard of living, or even better, someplace way cheaper and way nicer.My long-term plan was to leverage my Amazon seniority and my skill set into getting transferred to one of our offices abroad. In 2016, I decided to write a five-year plan. It said that within five years I was going to move to a slightly more civilized country with better healthcare and a cheaper standard of living. And that I will be able to squirrel away enough money to set off on the most basic Lean FIRE retirement.I updated the plan every three months religiously and managed to accomplish the plan three months ahead of schedule, in May 2021.<h2>I tried to save almost half of my paycheck and sometimes contributed 90% to my 401(k)</h2>When I was living in Seattle, I did my best to save a big chunk of my paycheck.I was using almost every trick in the book. I would cook at home, I would use my little slow cooker to make some chicken, beans, and garlic, and eat it at work. I think it amounted to about $2 a portion, while all of my coworkers were going out to those food trucks.For example, there's this great huge light show in the sky twice a day every single day — the sunrise and sunset, but how many people actually stop to take a look? If they could charge you money for it, they would.I went to fun local events with my friends, different presentations and art gallery openings — and work presentations — to score free cider and snacks.I almost never bought new books or entertainment. I would just use a local library, which is a severely underappreciated resource.<div type="image" title="A man posing on snow in front of a National Park sign." height="2500" width="1875" msid="108248905" hostid="261" sizebytes="596466"></div>I would maintain a $3,000 emergency fund and put everything else that was left over at the end of the month into my taxable investment account. The percentage varied, but I believe every single month, I would save between 25% and 45% of my paycheck.Sometimes I would squirrel away enough money for a few months so that I could switch my 401(k) contribution from 10% to 90%.My paycheck would look absolutely hilarious. It would basically say $100 after all the fees and taxes. As long as you remember to flip it back to a 10% contribution, it was fine.<h2>I was able to supplement my income with relocation bonuses</h2>I never made even close to $100,000 a year.My salary was about $59,000, and then there would be a variable number of stock options. I was a low-level Amazonian. So if I could do it, anyone could do it.I started at Amazon in November 2009 as a temporary seasonal worker, packing boxes in Reno. I got a permanent position in May 2010 and transferred to Las Vegas in September 2011. In August 2012, I became a quality analyst in the ICQA (inventory control, quality assurance) department. I then transferred and helped launch Amazon's fulfillment centers in Fort Worth and Tampa, in the same quality analyst role. I transferred to Seattle and leveled up to the lowest corporate tier in August 2015: my job title became business analyst on PPT (Production Planning Team). In May 2017, I transferred to FBA (Fulfillment by Amazon) and worked there as an investigation specialist. With Amazon, when you work as a warehouse employee, every time they open a new warehouse somewhere else in the country, they give you a $10,000 cash bonus if you transfer there. They take away one-third for taxes right away, so basically, they give you $6,700 cash in your bank account. You have to figure out your own move and just show up in this warehouse. That's how I moved from Reno to Las Vegas to Fort Worth to Tampa, and then to Seattle.Over the course of three years, I tried to transfer to the UK — before Brexit — Poland, Canada, Australia, and then Canada again. And it finally worked. I got a transfer from Seattle to Toronto in March 2019, where I became a financial analyst attached to a nearby fulfillment center. That was an awesome road trip — I just shoved everything into my little Kia Rio.I spent about two years on a work permit until I got my permanent resident status. By then, it was 2021.I quit Amazon in May 2021. I spent 11-and-a-half years working for Amazon altogether. In 2020, I sold all of my Amazon stock, which I had been stockpiling for years. At the time, it was an all-time high and the only stock that was still going up. I used that money to invest in companies that were basically on sale, 50% or 60% off your shopping malls, cruise ships, airlines, and a couple of other companies like that. Within the years that followed, I believe my total return was 293%.<h2>I finally stopped working after moving to Canada, and it's way easier to save here</h2>I would highly recommend geographic arbitrage, or moving to other countries, to absolutely everybody — but I'm biased.Moving to another country was the foundation of my big plan. When I moved to Toronto, I took a 48% pay cut in my total compensation.I was only in Toronto because it was part of the plan to move to Canada. Once I didn't have to stay there because of Amazon, I finally had a choice to make for the first time in my adult life: I could move to any city I wanted to.<div type="image" title="A man taking a selfie." height="2048" width="1536" msid="108248907" hostid="261" sizebytes="282078"></div>In my personal opinion, aside from some similarities, Canada is suspiciously similar to the United States. There are some differences. Instead of guns, they have maple syrup; instead of miles, you have kilometers. But I didn't feel foreign enough. Quebec, on the other hand, was this mysterious province with its own alternate history. I visited Quebec City to do some apartment hunting and just absolutely fell in love.There are some provinces in Canada that have rent control, like British Columbia and Quebec, but Quebec enforces it a lot better than all the others. The cheapest cities to live in are in Quebec.When my lease in Toronto ended in September 2021, I packed everything up into a U-Haul trailer, sold my car, and moved to Quebec City.Saving here is infinitely easier. When I moved, my rent was all-inclusive for a nice large apartment on the second floor of a brick building next to the tourist sector. The rent was about 670 Canadian (or $493), and that's inclusive of electricity, fast internet — the whole thing. Now it's going up a little bit to 730 Canadian plus 40 Canadian for electricity ($567).You can't get anything in the States for that kind of money in terms of your own apartment in a brick, soundproof, building — just beautiful.The entire past year in 2023, I think I've only bought a few new material things: a couple of books, a new pair of jeans, and some socks, and that was it.I gain pleasure from simple things, like learning to cook with my Instant Pot is amazing. I enjoy a very nice healthy and balanced diet. Going out and having fun and all of that definitely fits into a $ 1,000-a-month budget, give or take.I would recommend everyone at least consider geographic arbitrage, if not to another country, then maybe another city or another state. I know a lot of people are rooted to where they are through their community, family, friends. But it's kind of like "Lord of the Rings" — it's little hobbits who are reluctant to leave their village until they absolutely have to.The first time you move is the most difficult, and then it just gets easier and easier every single time. Being this modern-day, nomadic vagabond is a lot of fun if you let it be.

I retired from Amazon at 34 and chose to settle in Canada, where I only need $1,000 a month to live well

<ul><li>The <keyword id="12059493" type="General" weightage="20" keywordseo="ev-logistics-company" source="Orion">EV logistics company</keyword> is set to hire and train 3,000 women as delivery partners by the end of 2022.</li><li>The company will be expanding its driver partner workforce from 3,000 to 6,000 this year.</li><li>It further says that it is also working on a long term goal to have at least 50% of the total employee strength to be women.</li></ul><keyword id="10064444" type="General" weightage="20" keywordseo="zypp-electric" source="Orion">Zypp Electric</keyword>, which is a Gurugram-based tech-enabled electric vehicle (EV)-as-a-Service platform, announced its plans to hire and train 3,000 women as delivery partners by the end of 2022. The EV logistics company will be expanding its driver partner workforce from 3,000 to 6,000 this year. The new delivery partners will help the company to empower and enhance sustainable delivery capabilities, the company hopes. “Being a working woman for 16 years now, I understand the importance of financial independence. Through Zypp, I have created a domain for myself and I aim to create similar opportunities for women across in this sunrise sector. I believe that only an inclusive future is a sustainable future in any sector…,” said Rashi Agarwal, cofounder and chief business officer at <a href="https://www.businessinsider.in/business/news/this-ev-startup-mobycy-went-from-solving-last-mile-commute-to-delivery/articleshow/82513392.cms">Zypp Electric</a>. The company claims that they keep priority of its <keyword id="7170604" type="General" weightage="20" keywordseo="women-delivery-partners" source="Orion">women delivery partners</keyword> towards other roles and responsibilities by giving them desired and flexible working shifts along with fair financial aid. It further says that it is also working on a long term goal to have at least 50% of the total employee strength to be women. According to an ASSOCHAM report, which came out in January 2020, India's gig economy is projected to grow to $455 billion by 2023. Zypp Electric raised around $7 million in a Series A round funding from 9unicorns and Anthill Ventures last year in September. The company has so far raised $12.5 million. Founded in 2017, the company claims that it is on a mission to make India carbon-free by using an ecosystem of electric Vehicles and EV-based technology to make last-mile logistics sustainable and emission-free. Its business model is to make carbon-free last-mile delivery for local merchants to e-commerce giants to delivery executives and thereby reduce delivery cost and pollution on an asset-light model. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/tcs-is-hiring-mba-grads-to-join-their-workforce-in-fy-2022-23/articleshow/90072186.cms">TCS is hiring MBA grads to join their workforce in FY 2022-23</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/women-hold-only-17-1-percent-of-the-boardroom-seats-in-indian-companies/slidelist/90069340.cms">Women hold only 17.1 percent of the boardroom seats in Indian companies</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/cryptocurrency/news/indias-finance-minister-nirmala-sitharaman-says-she-expects-the-central-bank-to-roll-out-the-countrys-digital-currency-this-year/articleshow/90074661.cms">India’s Finance Minister Nirmala Sitharaman says she expects the central bank to roll out the country’s digital currency this year</a>

You Searched For "sunrise sectors" and got 6 results

Corpus of Rs 1 lk cr to scale up research in sunrise domains: FM Sitharaman

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Technology in sunrise sectors key to 9-10 pc growth: Kant

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India's PC market grows by 2.6% in Q1 2024, recording third consecutive quarter with growth

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India to be third largest economy by FY28, a developed nation by 2047: FM

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I retired from Amazon at 34 and chose to settle in Canada, where I only need $1,000 a month to live well

Jordan Pandy

Delivery startup Zypp Electric to hire 3,000 women delivery partners in 2022

Vaamanaa Sethi

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