Indian Budget 2021-22 : Pragmatic and Prismatic Policies for the Post Pandemic Market Makers

Government of India Union Budget 2021 is a convergence of pragmatic and prismatic perspectives reflecting the currents of development finance and contours of radical markets emanating from the reviving and resurgent Indian economy. The COVID pandemic has demonstrated the a direct dichotomy in the resilience of macro economy and the ruptures across the micro economy in India at large. This has highlighted the fact that while India has a very salient and fault tolerant communication ad financial infrastructure, our healthcare, agriculture and transportation infrastructure has a lot of limitations.

Image result for India Budget 2021 22
Union Budget 2021 – 22

Despite having a scalable and secure digital identity infrastructure and communication network, we faced a lot of challenges in the labor movement across India during the pandemic time. We also faced a very uneven and fragmented response to the implementation of lockdown across the states.

All of us remember how Indian economy responded to the demonetisation drive from the Government in a swift and seamless manner. It had its own challenges such as the cacophony and confusions in the MSME sector. These issues in the realisation of demonetisation can also be traced back to the limitations in the auditability and accountability of the commercial infrastructure and the monolithic nature of the monetary markets. As a sequel to the demonetisation drive, now we are seeing the rise of a national asset monetisation drive in this budget.

In this context, the projections and perspectives of the union budget assumes paramount importance. Union Budget 2021-22 aims to bring down the excess deficit of 9.5% of GDP in FY21 to 4.5% by FY26 by means of concerted efforts at fiscal consolidation. This budget approaches fiscal consolidation through expenditure compression rather than increased tax buoyancy.

The focus on asset monetisation together with the continued efforts on divestment and foreign investment would be an interesting measure to support the fiscal fusion and convergent consolidation. Government institutions like Railways, Sea Ports and Air Ports, Power Plants etc. would be a prime point of focus in this factorisation program. The national asset monetisation drive could be a driver to unlock the real asset value through innovative business models, emerging technologies and digital disruptions. 

The budget allocation for COIVD19 vaccination in conduction with the concerted efforts to install a nation wide network of primary, secondary and tertiary healthcare centres in quite an interesting approach. It could harmonise the existing and emergent healthcare services industry with the nascent and niche vaccination supplychain.

It is very interesting to see that the Government of India is quite conscious about the necessity of a governance, regulation and compliance framework to streamline and stabilise the economic engine in the post pandemic polity through the policy of ‘minimal government, maximum governance’.

It is very evident that the Government of India is not in favour of massive economic stimulus programs and ubiquitous and universal basic income programs, popularised by many mainstream economists and fiscal policy makers. Instead, we can see the prisms of a new pathway to revitalise the fundamental fabric of Indian Economy by empowering the radical markets for the agricultural workforces and enabling the seamless supplychain systems across the length and breadth of the country.

It is definitely a fresh approach to governments and governance ; a gargantuan democracy like India adopting a calibrated, and curated approach to vitalise the economy by connecting markets, land, labor, and capital through transparent and t


A Session on Future Frontiers of Cryptography at Altered2020

It is really import to converse about the foundations and frontiers of cryptography to the creative and curious future forward minds. In the altered global landscape, cryptography will have a pivotal and prominent role in ensuring privacy, integrity, confidentiality, integrity, resilience, robustness, and fault tolerance of distributed computing and deep learning systems across digital economy.

It is really exciting to take a session on the future frontiers of cryptography in the “Altered 2020”. This is an Emerging Technology focused virtual event organised by IEEE MBCET Chapter.

Thank you so much RedTeam Hacker Academy Pvt. Ltd. CEO Jaizal Ali for inviting me to be part of this event. Thank you Fazal Marakkar – Google ADwords Certified for creative campaigns !

I will be covering the core concepts of symmetric and asymmetric cryptography with a reference to contemporary advancements such as homomorphic encryption, zero knowledge proofs, differential privacy, quantum randomness, multiparty computation, quantum cryptography and post quantum cryptography in this session.

Let me invite all security and privacy enthusiasts to register to this pioneering event !

Future Frontiers of Cryptography

Memoirs of an Innovation Workshop at DCSMAT Wagamon

The moments of curiosity and creativity from the Digital Innovation focused workshop at DCSMAT Wagamon at Idukki, Kerala are very much alive !! We spent quality time with a community of enthusiastic business management students in this lush green lovely campus. Let me share a video story of this memorable workshop with you …

Applying Analytics for the Digitisation of Interactions, Processes and Things

The scope and scale of analytics is ever widening with the latent manifestation of emergent properties in data at rest and data in motion.

Following diagram from MIT Technology Review article on the emerging technology trends summarises the perimeters of applying analytics for the lifecycle of digital interactions, processes and things.

Copyright : MIT Technology Review

Analytics for monitoring could be applied at a systemic scale and dimension when it is for a business problem at scale. Analytics for monitoring could be relevant and suitable for microscopic interactions and control when it is applied for fast data and small data related problems. Both system analytics and control analytics are intuitive and non-interpretative in nature.

Predictive and process analytics are dynamic and interpretive in nature as it analytics is the input to a logic constructed priori. The scale and scope of context varies in process and predictive analysis methods. Process analytics is mostly prescriptive and descriptive in nature whereas predictive analytics is exploratory and ephemeral in nature.

Blockchain Scalability Dialogues : Sharding, StateChannels, SideChains and ScaleCube Metrics

Blockchain Scalability techniques and the scale cube metrics has made my Saturday morning live and loud ! I had the pleasure and privilege to take a live streaming webinar session on Blockchain Scalability – Architectures and Algorithms for the TechAthena community founded by technology leaders Shalaka Verma and Deepthi Annie.

Blockchain Scalability – Architectures and Algorithms

Saturday, Jan 19, 2019, 10:00 AM

Online Webinar / Webcast
Mumbai Mumbai, IN

95 Members Attending

Blockchain Scalability is one of the most significant concern for Minimum Viable Blockchain Implementation. It is one of the key aspects determining the relevance and feasibility of Blockchain Technology for a particular use case. This session will cover the fundamental aspects of distributed computing that determine the contours of scalability. S…

Check out this Meetup →

During the initial interaction itself TechAthena community set their expectations clear. They are looking for a session on Blockchain technology beyond a product pitch or a corporate narrative. Hence I did a deep dive on Blockchain Scalability techniques from the vantage point of defining scalability of distributed systems with a specific focus on decentralised scaling.

I could lay out the most prominent Blockchain scalability techniques such as StateChannels, Sidechains, Offchain computation, Sharding, Replicated State Machines, Directed Acyclic Graphs, Gossip Protocols, variants of voting consensus algorithms, vertical and horizontal scaling etc. My presentation from this session is uploaded to SlideShare for further reviews and references. Request your thought and views.

During my preparations for the webinar, I could realise that fundamental postulates such as CAP theorem, Partial Synchronous processors etc. lay at the bottom of the Blockchain Scalability Constraints. It was a clear realisation that Consensus algorithms are not the bottlenecks in Blockchain scalability. Blockchain Trilemma coined by Vitalik Buterin underlined the need for factoring in Scalability trade offs in conjunction with decentralisation and security. I could easily comprehend the fact that in the contours of Blockchain, Decentralisation, Transparency and Scalability are the most important notions.

For a Blockchain evangelist, security and privacy gets redefined within the terrains of transparency. It is quite an interesting dimension. I could also connect with the scale cube defined in the book ‘Art of Scalability’ along with the Blockchain Scalability Trilemma and CAP theorem.

All together it was a great beginning to the weekend together with a network of hundred plus Blockchain evangelists. Thank you TechAthena community once again ! You can find the YouTube recording of the Webinar in the following channel. Request your views and thoughts.

Blockchain Pedagogic Methods for Engineering Education System in India

I had an opportunity to talk about Blockchain Technology and its building blocks to the students and faculties of MCA department in Jain University in Bangalore.

It was a great experience to reflect on effective knowledge sharing strategies and pedagogic methods in the context of Blockchain technology. Students seem to have good awareness about the importance of cryptography in the Blockchain technology at the outset.

However, they are not well versed in the concepts like consensus algorithms, synchronous and asynchronous processes, time stamping, merkle tree etc. I could see that the history and emergence of Blockchain technology through CypherPunk and Cryptoanarchist community was not much exciting to them.

Differentiating Blockchain Technology from Relational Database Management Systems

They were all attentive when I demonstrated Ganache UI and the Geth client. They were very curious when I demonstrated the use of Remix IDE and the Solidity syntax. All together it was a reflective and pedagogic experience to converse with young and ignited minds about Blockchain Technology.

Travelling with Time Together with a Teacher : Respect and Reflections

This is a short note reflecting on my conversations with one of my favorite teachers of all time. I have learned about life, livelihood, logic, literature and so many forms of knowledge from various masters. I respect their knowledge and remember all of them with gratitude. Today when professor K.C.Ravindranath called me inviting to take a session on AI, Machine Learning and Deep Learning at Rajadhani Institute of Engineering and Technology at Thiruvananthapuram, I am really honored and more importantly astonished by his vitality and passion to travel future forward with the younger generation as energetic as a creatively curious and confident child. I wish I will have this spirit and passion in the days to come. He is very keen and eager to get the young talent to contribute to the academic ecosystem with all integrity and sincerity. We need teachers and mentors like him to revive the creative confidence in our teachers and students all over India.