Arijit Dutta
Millennial, Introvert, Reader - Thinker - Writer, Amateur Blogger.
I know how to use Social Media intelligently.
Learning to keep personal finance in check.
Location India
Activity
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Arijit Dutta made a comment
What are the key impacts of climate change on the cryosphere?
1. Because of climate change there are more glacier calving.
2. Permafrost areas are thawing and the soil is starting to produce vegetation. Also, due to the permafrost defrosting, gasses like CO2 and CH4, which are trapped under ice all year round, are escaping and creating a positive... -
Arijit Dutta made a comment
I live somewhat near to the Bay of Bengal.
Sea level rise may not directly impact my habitation, but the storms generated in the ocean definitely will, which is becoming much more infrequent and rough every year. -
Arijit Dutta made a comment
Ocean Acidification -
Acidification's effect on Marine biology -
Bleaching of Coral reefs.
Calcium based organisms start reacting the carbonic acid to release co2 and weakens the calcium shell.
As ocean biology changes, some fishes won't be able to adapt to the fast changes, which will affect the fishery business
Most... -
Arijit Dutta replied to Arijit Dutta
We've to do whatever little help we can do. We need public awareness on this. We need to use the most of social media on climate purpose. It needs a generational shift, led by the millennials and gen z.
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Rice is a very delicate crop, which needs a specific temperature and raining patterns depending on the type of rice.
If there's a drought as dry regions get drier, the paddy won't grow
If there's a flood as wet regions get wetter, the paddy will rot. -
Arijit Dutta made a comment
The area we live is nearer to Bay of Bengal. Every year storms originated in the ocean, comes to the land but usually it changes its direction and goes towards Bangladesh, since last 3-4 years, that is not happening, it is attacking the Indian part of Bengal instead and every year the ferocity grows more and more, making 2020 the most destructive yet.
West...
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Arijit Dutta made a comment
Over millennium timescale the CO2 concentration can be a product of mostly Volcanic eruptions and after the arrival of human beings, due to respiratory activities and industrialization.
The upward graph of CO2 concentration in recent timescale is mostly the result of industrialization and rampant usage of fossil fuel by the industries. I also believe the...
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Arijit Dutta made a comment
When we see that,
In the last PETM, the rate of temperature increase was 0.025 degrees/ 100 years and Now it is 1 degrees/100 years, everyone should be concerned. because we know how it affected the earth last time and most importantly how long it took (5 to 10 times longer) to heal from that. We might be looking towards the global extinction of human... -
Arijit Dutta made a comment
Common people can't fathom the PETM effect in real time as it takes 1000s of years to develop.
But the miniature effects can be seen as wildfires become more frequent and floods occur even in winter (Recently in India's mountain state of Uttarakhand, 100s of people died and millions of INR worth projects got destroyed due to a flood in winter. Scientists... -
Arijit Dutta made a comment
CO2 emission->
1. Human respiration 2. Coal based Power plants 3. Almost every heavy industry 4. Packaging industry 5. Plastic burning 6. Cutting down trees - indirectly it affects (because Trees absorb Co2 to produce O2)CO2 can absorb the energy reflected from the Earth's surface because of the dipole of Co2 atom. and then release it again towards...
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Arijit Dutta made a comment
As weather changes day by day, human perception can not fully recognize it.
But after adding the data on a climate change scale, we get to see how much warmer the earth has become compared to the previous 2-3 decades. this long term calculation gives a better way of understanding on how much the atmosphere has been affected and how much worse it can get in... -
Arijit Dutta made a comment
I was aware of the GH effect pretty much the same.
I think GH effect and Blanket effect essentially states the same concept -
Arijit Dutta made a comment
Hi, this is Arijit from India.
I want to know what initiatives can I take to decrease my own carbon footprint. Also, how as an individual, I can bring positive changes to the current state of environment.
The 3 words I will use to define climate change are -
1. Wildfires 2. Floods in winter. 3. Extinction of rare birds -
The most thought provoking story is that how greed for money devoured common sense and logic even amongst the big bank officials .
- " Ordinary investors and professional financiers are greedy. There is no doubt some truth to this assertion, not least in the financial crisis of 2007-08. Another possibility is that both investors and bankers are not immoral... -
America is the hub of economic prosperity, it still holds the biggest position in the global economy. So, any negative impact there would definitely stretch to other countries. And also, these same big banks spread their branch of corruption internationally to many countries and they created a housing bubble the same way they did in America.
In India too... -
Arijit Dutta made a comment
The main reasons behind the 2008 crash were Bundle mortgages and Subprime mortgages, giving mortgages to lower credit people and bundling them together hoping to minimize risk. It failed because, although from the outside it looked as if it was actually a clever way to lure the real estate investors towards building a AAA asset BUT it was faliable at the core...
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Arijit Dutta made a comment
There is speculation written on the Engine. Which I think means that the Railways as an industry is actually being run by the speculators.
There's a piper sitting in the front who is supposed to represent the Railway company and Many limited companies are presenting their wealth like maniacs, maybe being hypnotised by the tune of the piper. Also the mania... -
@herbertklein Absolutely. I think Investment is all about maintaining balance. So, my rule is creating risk capacity proportional to age. At 23, 23% of my wealth is invested in low risk sectors and 77% in high/ medium risk sectors. When I turn 50, it'll become 50-50. When I'm 77, 77% of the corpus will be in safe deposit but I'll still keep 23% of it for high/...
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@HenryS Well, You should definitely checkout " The Financial Diet " and Two Cents", on YouTube if you are not following them already. Other than "Matt D'Avella ", " Ali Abdaal ", " Nate O'Brien " and even " Bill Gates " also have loads of financial advices that I found very helpful.
You'll get their Insta links also from their channels where they... -
Arijit Dutta made a comment
There's a famous saying that literature is the mirror of society. A great portion of the data that we have today about Pre Independence India or Victorian England or Ancient Greek or Roman Empire is through the contemporary literature of that time.
BUT, it is also true - that a lot of the times, the facts get fabricated in literature as a result of the poetic... -
Arijit Dutta made a comment
I've also heard the term "Landslide" or "Slide" and the term "Floored" - These are the ways, India media signifies Market crises.
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Arijit Dutta replied to Arijit Dutta
In these cases, we were very much helpless because it was an act of Nature. In the end , the gov. had to subsidize onions although still being sold at $2 per K.G. There was massive import from Turkey of a new kind of onion which we Indians are not so accustomed to.
But it also got us thinking about the massive effect of climate change. October is pretty much... -
Arijit Dutta made a comment
In India, there's a place called Nasik in the state of Maharashtra, which produces the majority of India's onions. Around October, 2019, which is a major time of growing onions in India, there was a massive flood in the state and tons of Onions produced were wasted. So, there came a scarcity of onion's availability. That time I first hand experienced the...
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Arijit Dutta replied to Arijit Dutta
@RuthFrancis yeah true, but we kids are least bothered about listening to our parents !! :D ! So, my rule is to maintain risk profile proportional to age. Now at 23, 23% of my wealth is invested in low risk sectors and 77% in high/ medium risk sectors, When I'll turn 50, it'll become 50-50. When I'll be 77, 77% of the corpus will be in safe deposit but I'll...
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@LianPatston ++ Instagram too.. Social media is creating a genre of Financial advices of its own.
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Arijit Dutta made a comment
What image do you have in your head of the stock market?
- The silver coloured bull from New york, Red and Green numbers and arrows pointing upwards and downwards on a big LCD screen.
Do you think that stock markets should be free from government regulation to trade how they like?
- Absolutely Not. We have seen in the past huge amount of scams in the stock... -
Arijit Dutta made a comment
I think Predicting the stock market is possible now. Scientifically, we have data analysis tools like Python and R and we have huge data on stock market behaviour, minute by minute. so in 90% of the cases, it is predictable.
We can predict which sectors have a potential to grow and which do not - over the years, over the months and even over the seasons. But... -
Arijit Dutta made a comment
Best financial advice -
1. Don't put all of your eggs in the basket. Diversify your basket.
In financial activities, Mutual funds are the best way to do that.
2. To differentiate between gambling and speculation. First one is dumb luck and most often the way to downfall while the second one is Maths and the way to secure a sound financial future. -
Arijit Dutta made a comment
The worst financial advice I have received is from my parents - To invest in Bank Fixed bond deposits. The key criteria why these schemes work (even though they give pathetic interest rates, which are sometimes not even enough to beat the inflation,) is because of the notion that " Money will be safe in the bank " and there will be "guaranteed return". But the...
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Arijit Dutta made a comment
The main source of my financial advice is YouTube. I closely follow certain YouTubers and take notes from their experience. I also listen to Non fiction Audiobooks on Money management.
There's a perception that only suited and booted big corps employees (Male) are the targets of Financial advice. But I think it is very important that every Baby adults...
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Arijit Dutta made a comment
I think there's a potential in Finance advice through YouTube. Lots of Chartered Accountants give their valuable tips through YouTube for free which are time saving plus informative. But those are always suggestions, the ultimate deciding factor rests on the investor itself.
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@PeterKnight For me, it should be mostly on the fundamental values of the company because from the morality and environmental standpoint, no one should keep on investing on Oil or coal or cosmetics companies, even though they offer one of the most lucrative markets. But yes the company's performance in the stock market is also important from returns point of...
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Arijit Dutta made a comment
The Internet has made it a lot easier to understand. Although not understood fully but in parts these are understandable through quick Google search or YouTube Tutorials.
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I still think Gambling is equivalent to Dumb luck. It gives a sense of earning most money with least work. " Gambling organizers " prey on this greed mentality of gamblers and loot away all of their wealth.
Whereas Speculation is based on mathematics. It is an important part of Economic research and risk assessment. Here the motive is not earning most money... -
Arijit Dutta made a comment
The figures of the debt is so large that it becomes vague and kinda deceptive. So I took the Debt as % of GDP figure to measure - for India it is around 52% of its GDP.
I compared with some of the other " Tier 1 " countries, like
Canada - 63% of GDP
China - 49% "
France - 106% "
Germany - 65% "
Singapore - 185% "
Russia - 23% "
South Korea - 44%... -
Arijit Dutta made a comment
If I were an investor, I'd not choose one over the other between Share and bond. Rather I would divide my money to invest some part of it in Shares and some in Bonds.
With Bonds, I will be able to lock my money for a certain period with some hefty but fixed interest rate.
With Shares on the other hand, there is no limit on gain (or loss). I get to buy a... -
Arijit Dutta made a comment
The female bodies depicted in the film are two thin, white ones. Although one appeared to be physically strong knowing the techniques such as Ju-Jitsu and the other one completely opposite.
The attire they wore during the demonstration is beyond my imagination of the 19th century. Those dresses and the amount of body shown would have been easily called... -
Arijit Dutta made a comment
Male violence - The film showed how easy and normal it was for a man to confront a woman, walking alone, with violent intentions (we only saw to the point the man was trying to snatch her bag but he could have gotten much further sensing the woman's vulnerability).
Class - I think the film creates a bias here. Seeing the film, I took the assailant to be an... -
Arijit Dutta made a comment
I'm voting for nurture.
There are definitely biological differences between men and women but the behavioural differences are brought in to fit the mould of society of a particular era. This is the reason, we see behavioural differences differ from time to time. There was a time, when women used to mostly stay indoors but as society progressed, they came out,... -
Arijit Dutta made a comment
I'm Arijit, a Man with a privileged upbringing. I'm 24. I'm from India.
I'm taking this course to know about the experts' opinion on gender and sexuality bias. To know, from the aspects of gender equality how much humanity had to struggle to reach to the point where we are today.
I'm mostly interested in Feminist movement through literature. How it evolved... -
OMG. And ther's no way of knowing too, if my note is real or fake. If some random person tells, it's a fake note, how will we prove that it;s not??
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Arijit Dutta made a comment
Maya Angelou said, When you Get - Give, When you Learn - Teach.
So, other than spending or saving, I donate money and I think Donation should also be considered as a type of money utilization.I think anything, which is exchangeable, can be considered as currency ? . For example I have exchanged chocolates for books, or when I used to collect stamp I...
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Arijit Dutta made a comment
I've seen a common pattern in Jane Austen's work - A boastful young handsome man " with good fortune " is always present to win over a woman who has the least interest on fortune.
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Arijit Dutta made a comment
Yes, I think it is a way of advertising through symbolism. Flights are a symbol for travel and Tourism is a big industry. Everyone has an innate urge to travel but the bank balance does not always keep the sync. So, in such cases banks want to assure us - No worries, You take our credit cards and go for travel. We'll even give you certain reward points and...
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Nowadays, I use cash only when there is no alternative way of payment, which is very rare. Otherwise net banking or cards. Honestly, belonging from a country of 1.3 billion people, it is painful to wait in the queue of ATM to withdraw money.
Unreal may it seem, but I'm in total favour of going cashless. It's the age of Internet and we don't need to cut down... -
Seeing the recent ransomware fiasco, I don't think I will be ready in near future to use Bitcoin. Also, Banks, mints and other govt. bodies control the financial system now. Going to Bitcoin or cryptocurrency means at the first step itself, Banks will start to lose it's hold from the users, which I'm pretty sure they won't let that happen. So, similar to the...
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Arijit Dutta made a comment
What do you do if you think you have a counterfeit coin? ----
I've never seen such money. But if I do, subconsciously, I think I would try to get rid of it by doing some other transaction. Although, the correct choice is to maybe to go to a bank and try to submit it - but there's no guarantee that the Bank won't suspect me as the forger who is trying to...
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Arijit Dutta made a comment
Can you think about the other side of this debate though? ---
- As Tom pointed out, Paper currencies were easier to print than Gold. So, Paper could be circulated more too unlike Gold which was mostly reserved with a few powerful people. Thus more people had money, more people carried on with transactions and gradually a stable financial system was... -
@LianPatston yeah, what and what not.. Spotify, Netflix, Amazon Prime, Newspaper, Audiobooks, Ebooks !! Here even food delivery apps give you pretty well discounts if you are subscribed to them.
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Arijit Dutta made a comment
Which of these definitions do you think is the most useful to your understanding of money?
society without cash is a society dependent on the financial system. It increases bank’s profits whilst also giving them the authority to survey all the economic details of our lives. Who do we think loses when we move to a cashless society?
Being a millennial, I am a... -
Arijit Dutta made a comment
The purpose of Art is to help people think about and see things in ways which are not conventional. Artists use money in their Art forms to show people the various spectrums of it - sometimes ridiculing the over hypes of it, sometimes demonizing the Godliness of it, sometimes it is just abstract.
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Arijit Dutta made a comment
When I think of money, first words come to my mind are - Responsibility, Savings, Investments, Travel, books, Subscriptions
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Arijit Dutta made a comment
I'm from India. I'm 24 and I'm eager to put my financial responsibilities on track as a baby adult.
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Arijit Dutta made a comment
Hey I am Arijit Dutta and I don't take myself seriously.
I'm not involved in Films professionally but personally I dig Courtroom Dramas.
