The previous generation, our parents, often shied away from investing in the stock markets. Their apprehension was not unfounded, given the financial scandals and economic crises that have rocked the investment world over the years. Here's a closer look at some of these events and their implications: 1. The 1992 Harshad Mehta Scandal: In 1992, (I was in class 12) the Indian stock market was hit by a colossal scam orchestrated by Harshad Mehta, amounting to 4000 Crore. This scandal caused the stock market to plummet by more than 50%, shaking investor confidence to its core. Example: Imagine an investor who had put their life savings into the stock market before the crash. The value of their investment would have halved almost overnight, causing significant financial distress. In response to this scandal, the Indian government passed the Securities Laws (Amendments) Act in 1995, granting the Securities and Exchange Board of India (SEBI) the authority to regulate depositories, Foreig...
IIT Madras, a renowned educational institution, has taken a significant step towards integrating medical science and technology by introducing the Department of Medical Sciences and Technology. This initiative aims to explore the potential of advancements in medical science and technology, particularly in the context of the increasing reliance on Artificial Intelligence (AI) in the field. In a press release issued by IIT Madras , it was revealed that the department will adopt an interdisciplinary approach to prepare students for various domains within the field. The curriculum will focus on designing life-saving medical devices, drug discovery, the application of AI in medicine, and fundamental medical research. Furthermore, the department aims to train physicians to effectively utilize technology in their clinical practice and pave the way for physician-scientist training in India. The p...