UniBlurb #13

Good morning! and welcome to the thirteenth edition of UniBlurb - Your Weekly Dose of Management. Today, we will be going over:

#Coal Prices
#AI in Money Laundering
#Byju’s innovative payroll
#Internships, Competitions & Events

MONDAY MOTIVATION

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OUR TWO CENTS
China's Coal Surplus Powers India's Energy Boom

As the summer heat intensifies, there's a silver lining for India's power sector, thanks to an unexpected ally: China. The dragon nation's oversupply has led to a 30% dip in global coal prices, a boon for Indian power plants reliant on imported coal. This price drop is a breath of fresh air, especially with India's power demand skyrocketing to an anticipated peak of 260 GW by September.

The ripple effect of China's coal glut is palpable, with Indian power generation from imported coal nearly doubling in April. This surge in supply means fewer power outages and more consistent electricity for the people. It's a classic case of one man's excess becoming another man's treasure, with Indian coastal states reaping the benefits of proximity to imported coal.

Yet, amidst this economic windfall, we mustn't lose sight of the larger picture: our commitment to net zero emissions. While affordable coal powers today's needs, it's imperative to balance short-term gains with long-term sustainability goals. India's energy landscape is changing, and with it, our responsibility to the environment remains paramount.

OUR TWO CENTS
AI-Powered Vigilance: India’s Financial Intelligence Unit Tackles Money Laundering

India's Financial Intelligence Unit (FIU) is taking a significant leap forward by harnessing the power of artificial intelligence (AI) and machine learning (ML) to combat money laundering and terrorist financing. The necessity for this technological advancement stems from the ever-increasing volume of suspicious transaction reports from banks and financial institutions. The FIU's new system, FINnet 2.0, is equipped with advanced analytics, risk scoring, and strategic analysis capabilities to efficiently process and disseminate financial intelligence.

The implementation of AI and ML in FINnet 2.0 allows for the generation of summaries and prioritization of high-risk cases, ensuring prompt action. The system's integration with external databases like CBDT and NSDL provides a comprehensive view of entities, enhancing the resolution and identification process. This technological upgrade not only bolsters India's economic security but also sets a precedent for the use of AI in regulatory environments.

OUR TWO CENTS
Byju’s Bold Payroll Pivot: Linking Sales Staff Salaries to Weekly Revenue

In the dynamic world of edtech, Byju's has taken a bold step by tethering sales staff salaries directly to the weekly revenue they generate. This pivot comes amidst a cash crunch, compelling the company to innovate in payroll management. Byju's, grappling with delayed salaries and a funds shortage, has suspended base salaries temporarily, offering a 50% cut of the weekly collection instead. It's a move that could stir the pot, pushing sales teams to perform with renewed vigor, knowing their earnings hinge on their weekly success.

However, this policy isn't without its critics. The suspension of guaranteed income places immense pressure on sales associates, potentially fostering a high-stress environment. Yet, it's a testament to Byju's commitment to financial stability for its team, ensuring timely payouts during operational adjustments. It's a strategy that other corporations might observe with interest, gauging its efficacy before possibly adopting similar measures.

Is this a sustainable model? Only time will tell. But it's certainly a method that demands attention, as it could redefine corporate norms. Byju's is navigating uncharted waters, and the industry is watching.

INDUSTRY CONNECT
Internship opportunities

1. Stader Labs (Product Intern)
   
   You'll help conduct market research, collaborate on product development, and build a product ecosystem. You'll also support gathering user feedback, create product documentation, contribute to launch plans, track key metrics, and stay updated on industry trends.
   Apply Here!

2. Qwinnys (Founder’s Office Intern)
   
   You'll closely collaborate with the CEO on ongoing projects and maintain Excel/Google Sheets for organizational needs (MIS). Additionally, you'll manage communication between head office and restaurants, assist in setting up new brands, and utilize Generative AI tools like ChatGPT to enhance organizational processes.
   Apply Here!

3. People of India (Business Development Intern)
   
   As a Business Development Intern at POI, you will play a vital role in supporting the organization's growth through market research, outreach, and collaboration with brands. You will have the opportunity to contribute to POI's mission of connecting people through storytelling while gaining valuable experience in business development in a remote work environment.
   Apply Here!

EVENTS ON THE RISE
Best events and competitions in the upcoming week

1. Stock Market Game (OpiGo)
   
   This is an educational competition where you will have to research and pick a set of stocks whose performance will be tracked in real time. The participant does not have to invest or add any money to participate in the competition.
   Register Here!

2. Finance Veda Summit (Finance Veda)
   
   The Finance Veda Online Competition is a three-stage event designed to test participants' knowledge and problem-solving skills in the field of finance. The competition aims to identify top talent and offer internship or live project opportunities with Finance Veda to the winners.
   Register Here!

3. Case Competition (Chatoix.AI)
   
   Chaotix app is first text-to-game AI platform. You already might be knowing about a lot of startups to create images, video, audio, text but there is no startup that creates a full game. Chaotix is building a platform to build a complete game by just typing a text. 
   Register Here!