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Why did Microsoft partner with legal weed startup?

The Big Announcement:-
One of the biggest companies in tech world Microsoft has recently took the unexpected step to enter in marijuana industry. For the same, the giant announced a partnership with KIND Financial, a Los Angeles firm, touted to be leader in technology for cannabis compliance. Kind Financial sells computer systems to governments that track legalized marijuana sales. Microsoft will be licensing Kind to sell Microsoft cloud services to authorities that will be monitoring sales. In this way Microsoft will not be directly involved in the trade. We must say that it’s a big step by Microsoft to accept Marijuana, which is still illegal under federal law of US.

Colorado’s former Senior Leader of Colorado’s Medical Marijuana Enforcement Division and author of Colorado’s groundbreaking medical marijuana laws and regulations, Matt D. Cook will be serving as Kind’s ‘Special Advisor on Government Matters’. KIND Financial Founder & CEO David Dinenberg during the big announcement had said that, “I am delighted that Microsoft supports Kind’s mission to build the backbone for cannabis compliance.”
What does Kind do?
Founded in 2013, KIND Financial sells marijuana tracking software to growers, sellers and governments. Kind’s Technology Platform gives an entire cannabis-business lifecycle through its Agrisoft Seed to Sale software. This helps the producers and retail operators to understand the important tools for plant tracking and management.
How will tie up benefit KIND?
Through Microsoft Azure cloud services, Kind will pursue compliance contracts. “Microsoft’s government sales team will work with Kind in bidding on those contracts,” Dinenberg said during the announcement. Through the tie up, Microsoft will add a new product in cloud computing business that will help states to keep a tab in sales and commerce of legalized use of marijuana for the medical or recreational purpose, ensuring that they remain in day light of legality. But, is it as simple as it looks? Wondering what is the other reason for Microsoft to enter? The future of this tie up?

Behind the story
In US state after state is legalizing marijuana in one way or the other and till date 25 states are allowed to sell marijuana with a detailed prescription from doctor or taking in account the circumstances of the individual. But according to federal government it is still illegal. It is said that very soon at least four states plan to vote and make marijuana legal and those includes Washington, Oregon and Colorado who are permitting recreational use of the drug. Taking this into account, an expert on the basis on anonymity explained the details and showed another side of the story, “Microsoft has foreseen the bright future of marijuana industry and hence the big tie up. Among the states where Marijuana will be legalized, California is among the one and if that happens, then the legal marijuana sales will rise to more than $6 billion this year that was almost $4.5 billion in 2015. With rise in sales each year, the sales are expected to touch more than $25 billion by end of 2021. Looking at the figures, we can clearly understand that legal Marijuana market will be increasing at a rapid pace and Microsoft has taken the first big step towards the same. Not just that, since Microsoft is a big name in the industry, no other industry will try to enter and by the time they do and Microsoft will be a key player. These seem to be the prime reasons for Microsoft to enter in spite of the move being considered as a controversial from mainstream companies.”
He further added, “Through this partnership, KIND will bring their business in forefront and also will be able to use Microsoft sales team as stated in the contract. Which means through Microsoft they will expand their arena.”

According to Dinenberg, Founder and CEO of KIND during the announcement said that “We go after the contract and we are able to use the Microsoft sales team. They use their political connections. We use ours.”
Ms. Nelson of Microsoft said that initially her company would be marketing the Kind software at conferences for government employees, but it could eventually also be attending the cannabis events where Kind is already a regular presence.

Kind trying to take the marijuana business forefront and giving wide range of products of marijuana that would include A.T.M.-style kiosks, working with state- chartered banks that facilitate marijuana sales, Thus making it easy access to customers. Another expert commented that, “If sales of Marijuana goes up, the economy will be on a rise but what about the health of people? If Marijuana is available at kiosks then anyone will be able to get it with a snap which is alarming for the country.” But Microsoft will be not getting close to these kiosks and plants and will be working with Kind’s government solution division.

There is also an assumption that federal government can decide to stop the legalization of Marijuana in the states, but the possibility of the same is quite low.

After all the detailed analysis, all we can say is it’s a bold and smart move by Microsoft.

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ISRO’s ‘PSLV-C34’ successfully launched

It a great achievement and once again ISRO (Indian Space Research Organisation) has created history as it has successfully launched the Polar Satellite Launch Vehicle PSLV-C34.

The rocket took off to orbit from the Satish Dhawan Space Centre (SDSC) at Sriharikota, Andhra Pradesh. Polar Satellite Launch Vehicle -PSLV-C34 will be used to carry the a group of 20 satellites, including India’s earth observation spacecraft Cartosat-2. The co-passenger satellites are from USA, Canada, Germany and Indonesia as well as two satellites from Indian University/Academic Institute. The total weight of all the 20 satellites carried onboard PSLV-C34 is about 1288 kg. ISRO had earlier sent 10 satellites into orbit in a single mission in 2008.

The mission would carry LAPAN A3 of Indonesia, BIROS of Germany, SKYSAT GEN 2-1 of US, MVV of Germany among the micro satellites.

Satellite and their usage:- 
Cartosat-2- will be used to get information of development of village, town, water circulation and coastal areas report. 
BIROS- It will help to keep a track of temperature on space.
SKYSAT GEN 2-1 - will be able to send high quality videos of Earth from time to time. 
LAPAN A3- will detect natural resources and help in environmental research. 

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What's the story behind 100% FDI ?

Now 100% foreign direct investment (FDI) are allowed in Defence and Aviation Sector in India? Is it safe to allow the same?
Past many years there has been a lot of debate on 100 % FDI and the government has seen lot of opposition but now the Centralgovernment, without any noise announced 100 % FDI in Defence and Aviation on Monday. 

Till date there has been about 49 % FDI in Defence and Aviation sector. So according to the latest statement almost 51 % is increased making to 100 %FDI. This is first time in the Indian history that India has given 100 %FDI in Defence and Aviation sector. 

The government has made amendments to the Arms Act in 1959 to raise the FDI in Defence sector making it 100 % and 74% in pharmaceutical sector.

 As per government experts, “With India’s decision of 100 % FDI, we would have access to world-class quality of arms and ammunition, latest technologies of foreign companies etc. India’s Defence sector requires massive investments in research and development of advanced foreign expertise and with 100 % FDI it will be easy. One of the biggest companies to produces arms and Ammunition, Boeing could also establish their offices in India.” When UPA was in power, they wanted to implement the same but then the NDA government opposed 100 percent FDI in Defence sector. But now after ruling for two years, Modi led NDA Government has changed their colors and granted permission to make 100% FDI in Defence and Aviation. 

Another expert on the ground of anonymity explained that, “If a foreign company invests in India, will they be producing according to India’s requirement or theirs? The question is how honest will they be? India had good connection with Russia and the bond of friendship was raised as we took MiG-21 from them but sadly it was a disaster especially on war field. Not only Russia, but even other countries are thinking of their own benefit. Since other nations are manufacturing weapons in India, the quality of weapons and others will be in their hands. Which somewhere down the line means our nation's security is at stake.” 

In 1992, Dr Abdul Kalam Committee states that review about the quality and quantity of weapons every year is crucial. Every country’s Defence minister and Government should review the same. But it does not happen in India. 
In 2004 ,Kelkar Committee mentioned that if Defence projects of land, water and air are giving to Indian Private sector, then then the quality of weapons will not be compromised and the secret of technology, the procedure will not be revealed. Not just that if the Arms and Ammunition are made in India then the employment rate will also grow up. The committee also mentions that Central Government’s DRDO should be given freedom and liberty in research for Arms and Ammunition. 

In 2007, a committee was specially constituted under the leadership of P.Ramarao which said that the function of Defence sector during the current UPA government and previous BJP government is not up to mark. 

Currently the companies are on a welcoming spree but later this will act as a sin not only the economy but also will be threat to security of the nation.

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SBI Merger: Whose win- Whose loss?

Domestic banking sector saw new ray of hope with NDA government opening new doors. Touted to be one of the biggest public sector bank ‘State Bank of India (SBI)’ and its subsidiary banks were brought under one roof after the Union cabinet recently approved the proposal to merge all the SBI banks. 
The decision of the five associate banks of SBI namely State Bank of Bikaner and Jaipur, State Bank of Travancore, State Bank of Patiala, State Bank of Mysore, State Bank of Hyderabad with the Indian Women's Bank will be merged with SBI. 

The first merger took place in 2008, where State Bank of Saurashtra was merged with SBI. It was later followed by State bank of Indore that merged with SBI in 2010. And now the latest merger of the five banks with SBI. With this latest merger of the assets of subsidiary banks & SBI, all SBI ATMs, branches, including the State Bank of India will be worth Rs 37 lakh crore and will have 22,500 branches, amounting a whooping fifty million customers, 60,000 ATMs and the total number of employees will reach to 2,85,500. 
The move seems to be fantastic, Isn’t it?

Why Merger?

Currently, none of the Indian banks has made it to the top 50 banks across the world. But after this latest merger, SBI will be on 45th position. This will inturn benefit the government as SBI is a government bank. Not only the ATMs, but also employees of the bank will be merged. This will lead cost reduction. Finally the customer will be at receiving end as said by State Bank of India Chairperson Arundhati Bhattacharya after the merger proposal was approved by the Union Cabinet. State Bank of India currently needs investments approximately three billion to cover losses.. In the next decade, SBI would require 5 billion for investing in non- performing assets of the bank, experts who can lead the bank etc. According to experts, the Government has now decided to merge SBI to profitable subsidiary banks because those banks will act as a financial cushion.

The customer is at loss!

In 2008 nations were hit with Global financial crises and during the same time the economies of the countries suffered as the top banks were in loses. But the regional bank in developing countries were having incredible profits. 
State Bank of Hyderabad (SBI) Bank, a subsidiary of SBI, each year has been earning a profit of Rs 1,050 crores. After the integration of various branches of the banks, the number of banks will be reduced and this will lead to loss in employment, infrastructure management etc. With a population of 125 million people and less number of banks, the employees of the banks will not be able to give proper attention to the customer. The merger of subsidiary banks in their respective states will also have a huge impact on farmer’s petty traders and others as they will have to move to main branch and this will in turn delay their work. 
With SBH merging with SBI, the Telangana will also face the hit as the profits will now no more come the state but will go to Central Government. 

During the Sensory Association meeting Finance Minister, Arun Jaitley had said, "We need strong banks for economic growth of the county.” But, now, the analysts say that strongest banks will weaken the future.

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