quick reads

The business wrap: Centre says farm crisis, bad loans affecting growth, and 7 other top stories

Other headlines: US-North Korea tensions weighed on the market, and with Aadhaar, the PF account will be transferred automatically when you change your job.

A look at the headlines in the sector right now:

  1. Tough to achieve 7.5% GDP growth predicted in February, Finance Ministry admits in Economic Survey: The survey said that demonetisation added new taxpayers, but hit the informal sector hard.  
  2. Sensex tanks 317 points, Nifty 109 points as US-North Korea tensions affect Asian markets: The Hong Kong Hang Seng fell over 560 points, and all other Asian indices also closed in red.  
  3. Your PF account will be transferred automatically when you change jobs if you have Aadhaar, says Centre: The facility will be provided starting September, the government said.
  4. State Bank of India’s bad loans rose by Rs 75,000 crore in the last quarter: The bank’s NPA ratio worsened further to 9.97%, from 6.90% last quarter.
  5. Google cancels town hall meeting after employees’ questions get leaked: However, the company CEO addressed a coding event for girls later on Thursday.  
  6. Amazon Prime Video’s India head Nitesh Kripalani quits, says report: During his tenure, he signed deals with various Indian film production companies and content makers.
  7. Ivanka Trump to lead American delegation at Global Entrepreneurship Summit in India in November: The United States will co-host the event in Hyderabad from November 28 to November 30.  
  8. RBI dividend to government reduces by half to Rs 30,569 crore: Economists believe the demonetisation drive increased the apex bank’s expenses.  
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Bringing your parents into the digital fold can be a rewarding experience

Contrary to popular sentiment, being the tech support for your parents might be a great use of your time and theirs.

If you look up ‘Parents vs technology’, you’ll be showered with a barrage of hilariously adorable and relatable memes. Half the hilarity of these memes sprouts from their familiarity as most of us have found ourselves in similar troubleshooting situations. Helping a parent understand and operate technology can be trying. However, as you sit, exasperated, deleting the gazillion empty folders that your mum has accidentally made, you might be losing out on an opportunity to enrich her life.

After the advent of technology in our everyday personal and work lives, parents have tried to embrace the brand-new ways to work and communicate with a bit of help from us, the digital natives. And while they successfully send Whatsapp messages and make video calls, a tremendous amount of unfulfilled potential has fallen through the presumptuous gap that lies between their ambition and our understanding of their technological needs.

When Priyanka Gothi’s mother retired after 35 years of being a teacher, Priyanka decided to create a first of its kind marketplace that would leverage the experience and potential of retirees by providing them with flexible job opportunities. Her Hong Kong based novel venture, Retired, Not Out is reimagining retirement by creating a channel through which the senior generation can continue to contribute to the society.

Our belief is that tech is highly learnable. And learning doesn’t stop when you graduate from school. That is why we have designed specific programmes for seniors to embrace technology to aid their personal and professional goals.

— Priyanka Gothi, Founder & CEO, Retired Not Out

Ideas like Retired Not Out promote inclusiveness and help instil confidence in a generation that has not grown up with technology. A positive change in our parent’s lives can be created if we flip the perspective on the time spent helping them operate a laptop and view it as an exercise in empowerment. For instance, by becoming proficient in Microsoft Excel, a senior with 25 years of experience in finance, could continue to work part time as a Finance Manager. Similarly, parents can run consultation blogs or augment their hobbies and continue to lead a fulfilling and meaningful life.

Advocating the same message, Lenovo’s new web-film captures the void that retirement creates in a person’s life, one that can be filled by, as Lenovo puts it, gifting them a future.

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Depending on the role technology plays, it can either leave the senior generation behind or it can enable them to lead an ambitious and productive life. This festive season, give this a thought as you spend time with family.

To make one of Lenovo’s laptops a part of the family, see here.

This article was produced on behalf of Lenovo by the Scroll.in marketing team and not by the Scroll.in editorial staff.