Saturday, August 17, 2024

External Shocks and India's WPI Inflation

Summary: This article outlines the effects of external shocks and their impact on India's Wholesale Price Index (WPI) inflation. It analyzes the factors and channels contributing to inflation's volatile nature in recent years.


Tuesday, July 30, 2024

Memes and Their Impacts

Summary: This article emphasises the spread of internet memes in modern times and outlines some of the positive and negative effects of this spread on society.

The Google trend data is used to highlight the speed of the spread of Internet memes.
According to Fobes India, "Bhupendra Jogi meme is one of the most viral memes in India (1)"
Timeline: 10 October 2023 to 10 November 2023

Introduction:

In the 21st century, people are getting addicted to memes. Moreover, GEN-Z use this meme more frequently in their daily lives. Additionally, comparing their current life situation with those trending memes on social media creates chaos. Memes are comical images with bold text illustrating ideas, concepts, relatable incidents, etc. These funny pictorial concepts are getting most of the social attention. The hype of memes is spreading worldwide; according to research, a person spends approximately 108 minutes scrolling memes only. These memes are eye-catching, with amazing pictures of famous personalities, cartoon characters, politicians, etc.

Attention Period for Meme:

Individuals suffered under strict government guidelines, such as lockdowns during the pandemic. At that time, memes played a crucial role in digital communication; it was also noticed that most coronavirus memes went viral because people could relate to them. Those who saw memes of COVID-19 are most likely to suffer less as it affects them psychologically. It was noticed that using memes to cope with worry is common.

Meme As a Modern Culture:

Many research studies show that excessive use of memes in daily life indicates social media addiction. For these reasons, people start procrastinating, becoming lazy, and cutting themselves off from the real world. Even in colleges or corporate sectors, most individuals seem to be scrolling memes on social media during break time. Memes are indirectly dominating modern culture and influencing it badly. They are a powerful tool that can drastically affect a country's youth.

Impacts Of Meme:

Positive Side: Many people earn just by editing macro pictures (MEME) for social media pages. To relieve themselves from their busy schedules, people scroll through memes on social media. Many memes hold very powerful information. It encourages people to seek assistance as well.

Negative Side: Many memes negatively impact the image of a particular person whose memes go viral. A Meme spoils someone’s personality on social media and has a lasting effect. It brings negativity. There is inappropriate exposure of content, and so on.

Conclusion:

In today’s world, people readily accept whatever they see online. Similarly, the vital form of memes is actively loved by people on social media despite their accuracy, which transfers the misinformation to the masses. Excess of anything is too bad; we should rely on anything only after getting the information from the absolute source. To conclude, memes have evolved the nation, and one should be aware of their consequences.






By 
Kritika, B.A. Economics (2023-26), Department of Economics, SBSS, MRIIRS, Faridabad.



Thursday, May 30, 2024

Palette of Change: Artistic Visions for Viksit Bharat

 

Tanvi and Group

Reet and Group

Manasvi and Group

Kritika and Group

Devanshi and Group

Aastha Gautam and Group

Friday, May 3, 2024

Rise of Real Estate in Gurugram

Summary: The main objective of this study is to analyze the current situation of the real estate market in Gurugram. In this process, This article identifies the strengths and weaknesses of Gurugram’s real estate market. 


Rental price of apartments in and out of the city of Gurugram


Gurugram, located in the state of Haryana, has emerged as a booming real estate hub in recent years. The real estate industry is the most important sector in the world. In terms of immigration as well as other variables are taken into place. Individuals from all over India migrate to urban centers, large cities, IT industries, etc. One cannot overlook Gurugram when discussing migration. It is a major commercial hub of our economy and it is known as a technological center.

Trends Of Gurugram Property Rates:

When we look into Gurugram property trends there is fast growth and transformation seen in the property market of Gurugram in previous years. Gurugram offers many opportunities for buyers and investors its strategic location, excellent connectivity, and rapid urbanization have contributed to the city’s popularity among homebuyers and investors. Regarding property price trends in Gurugram, several factors influence the market like its corporate sector, multinational companies, business parks, etc. It attracted many professionals searching for their business and housing options. This demand has led to a rise in property prices over time.

  Configuration

Approx cost in rs

1 bhk

 40 lakh

2 bhk

 90 lakh

3 bhk

 1.8 crore

4 bhk

 3.5 crore

Factors Shaping The Gurugram Property Market:-

1. Infrastructural Development

The rapid infrastructure development in Gurugram is a factor that contributes to the high property rates. This city has all of the major need factors like metro connectivity, roadways & transport, boom IT sector, etc. Also, The city is well-connected to major highways, including the Delhi-Mumbai Expressway, Delhi-Jaipur Expressway, Sohna Road, Dwarka Expressway, etc.

2. Supportive Government Policies

The Haryana government’s pro-development policies and initiatives like RERA have built confidence among homebuyers and investors, resulting in heightened activity in the real estate sector. Also, like tax advantages, relaxed rules have been provided by the government.

3. Business Environment

Gurugram has gained popularity as a business location over the past few years. Many big companies operate and look forward to expansion in the rapidly developing business hub, hence it provides a perfect business environment.

4. Luxury Living

Gurugram’s real estate market is filled with many modern amenities and well-designed properties. Developers are meeting this demand with smart homes and community-centric living spaces and it has fully luxury living, premium projects with world-class amenities, and opulent villas. High-net-worth individuals and NRIs are showing their interest in these exclusive properties.

Categories of properties in Gurugram:
·      Residential property
·      Commercial property
·      Mixed use property
·      Industrial property
·      Specialised property
·     
Agricultural property

 Land usage distribution of Gurugram :

Land use

Area ( in hectares )

Residential

16021

Commercial

1616

Industrial

4613

Transport & communication

4428

Public Utilities

608

Public & semi-public

2027

Open spaces

2928

Special zone

114

Defense land

633

Existing town

406

Village 

478

Total

33872


Some Popular Real Estate Companies Of Gurugram:-
·      DLF Group
·      Ansals
·      Emaar India
·      Unitech Group
·      Godrej Group
·      Tata Group
·      Ireo Group
·      M3M India
·      Vatika Group
·      ATS Infrastructure Limited
 
Reasons for the Massive Property Rates in Gurugram:

1. Affluent Customer Base
A quarter of India’s billionaires in Gurugram act as their primary or secondary abode. Many MNC employees are also prepared to spend more money on a luxury home in a gated neighborhood. As a result, several developers are developing opulent residential structures with the most modern amenities.
2. Rising Business Hub
Gurugram has its own unique identity as a North Indian IT cluster due to the several MNCs that call this area home. Gurugram is a center for business growth in addition to being a great place to live. However, it is very expensive to purchase or rent a commercial property in gurugram. The cost of commercial property in Gurugram is among the highest in India.
3. Infrastructure Development
Infrastructural development plays a main role in shaping the real estate market of gurugram as it has great connectivity with commercial and residential properties. Also, it has facilities like school, hospital ,mall, transportation, huge lane roads etc.
4. Lifestyle Amenities
Gurugram is known for its luxurious lifestyle amenities, which includes shopping malls, restaurants, entertainment centres etc. The presence of such amenities adds to the quality of life in Gurugram and makes it a great location for homebuyers. Developers are also focusing on providing lifestyle amenities within their residential projects, such as swimming pools, clubhouses, fitness centres etc which increase their profit and property rates in the city.
5. Limited Land Availability
Major reason of high property rates in Gurugram is the limited availability of land for new developments. Gurugram is a fully populated city and there is very little vacant land left for new residential or commercial projects. If developers want to buy land in low rates they has only one option lefts that to shift their project location near gurugram like in dwarka, sohna , noida etc. This will affects the property rates. The limited land availability also leads to an increase in demand for properties in prime locations, which further contributes to the high property rates in the city.
 
Why do People prefer Gurugram property at high rates also?

The rising property demand in Gurugram is boosted by business-class people and working professionals migrating to the city. Many working professionals are readily investing in luxury homes in various gated communities. Hence, several high-end real estate developers are launching luxury commercial and residential projects offering the best amenities and features.
Most Expensive Office Spaces
There are many MNCs based in this area, and it has a distinct identity as the IT Hub. Gurugram plays a major role in several business projects and is one of the most popular places to live and run a business.
Top-Tier Infrastructure
Gurugram has gained popularity among real estate investors since the country’s IT hubs were established in Gurugram after that the region has gained popularity among those wishing to invest in real estate, especially in the residential sector.
Standard of living
As people earn more their expectations are also high. They prefer luxury living according to their status. That’s why they shifted their interest toward Gurugram.
Fact About The Gurugram Housing Market
Housing in Gurugram can often be surprising, with home buyers investing an exorbitant amount for small-sized apartments while spending crores for huge spacious homes. As everyone wants to live in a good place.

Gurugram Contribution In Economy:
·      Cyber City
·      Biotechnology Hub
·      Sporting Complex
·      Melting Pot Of Cultures
·      Educational Hub
·      Shopping Paradise
·      Rapid Urbanisation
·      Food Haven
·      Connectivity
·      Festival Galore
·      Iconic Landmarks
·      Sustainability Initiatives
·      Historical Significance
·      Luxury Living
·      Green Spaces
All the above things contribute to the economy in terms of taxation, money supply, investments, etc. All this leads to an increase in overall GDP.

Gurugram as investment:

Except for building sites in Gurugram, the city's business sector is rising faster. Gurugram's evolving structure, constructing unorthodox office spaces is a certainty, as is their increased demand. Gurugram is a beautiful city to live in, with world-class amenities. The expectation of Gurugram Property Investment will only rise with the city's expanding employment possibilities and expansion. Also, The upcoming Delhi-Mumbai Industrial Corridor and the proposed high-speed railway network are expected to further enhance Gurugram’s connectivity and make it a preferred destination for real estate investment. Gurugram continues to dominate the market for real estate in terms of residential and commercial development. Gurugram is one of the fastest-growing cities in the world, and it attracts the richest of the rich.

Conclusion:

Gurugram’s property market remains in a leading position for real estate investments. The strategic location, great infrastructure, luxuriousness, etc contributed to Gurugram’s real estate market. It has flourished in recent years attracting some of the top real estate companies in India. Each of the companies mentioned above has contributed to this city by offering high-quality projects that meet the aspirations of homebuyers and investors. From an investment perspective, Gurugram is highly attractive. 

R code for the plot: Packages used: library(tidyverse) and library(plotly)

colors <- c('#4AC6B7', '#1972A4', '#965F8A', '#FF7070')
P <- plot_ly(
  price_ani, x = ~Year, y = ~Price,
  frame=~Year,
  color = ~Apartment_type, type = "scatter",
  mode="markers", colors=~colors, size=~`Price`,
  marker = list(symbol = 'circle', sizemode = 'diameter',
                      line = list(width = 2, color = '#FFFFFF'), opacity=0.4)
)



By


Kunal

B.A. (H) Economics  (2023-26), School of Behavioural and Social Science (SBSS), Manav Rachna International Institute of Research and Studies (MRIIRS), Faridabad, Haryana.

Sunday, April 28, 2024

Our Planet Is Our Pride


Image Credit: Generated by DALL.E 3 (Microsoft Copilot)


Our planet is our pride

But what put us

In the lamp-light

Of course, it’s climate change

Am I right?

 

Move out of your comfy zone

To protect the layer of ozone,

Manage the greenhouse emission

Is our only Mission

 

Support recycle, reduce and re-use

Instead of resource misuse,

Never give up on good deeds

That's all what we need

 

Our planet which serves us to feed

We’re destroying it for our greed,

Now take an oath

To promote the green growth

 

To control the pollution,

Promoting Renewable energy

Is the only solution.

 

Now, combine your ability

To promote sustainability

Because

Our planet is our pride.





By

Kritika

B.A. (H) Economics  (2023-26), 
School of Behavioural and Social Science (SBSS), Manav Rachna International Institute of Research and Studies (MRIIRS), Faridabad, Haryana.

Friday, April 19, 2024

Ethical Hacking: Future of Cybersecurity

Ethical Hacking

Ethical hacking incorporates a supported undertaking to secure unapproved induction to a PC system, application, or data. Doing an ethical hack includes copying procedures and activities of pernicious aggressors. This training assists with distinguishing security weaknesses which can then be settled before a malignant assailant has the chance to take advantage of them.

Ethical Hacker

A white-cap ethical hacker is a programmer who takes advantage of for some incredible reason, (for example, to secure some association). The great individuals are essentially moral programmers. They have lawful authorization to slow down the program of others. The ethical programmer searches ports, and sites and finds bugs that can be designated by a wafer. When the shortcomings of any gadget are known, the assaults should be possible without any problem. To be protected in this web world, the client is required to figure out how a programmer (saltine) can get into his organization. Moral hacking is learning the origination of hacking and applying them to get any system, or organization for any extraordinary reason.

How Does an Ethical Hacker Different from Other Hackers

Ethical hacker utilizes their insight to get and work on the innovation of associations. They offer fundamental support to these associations by searching for weaknesses that can prompt a security break. An ethical programmer reports the distinguished weaknesses to the association. Also, they give remediation exhortation. A large part of the time, with the affiliation's consent, the moral software engineer plays out a re-test to ensure the shortcomings are settled. malicious hacker means to acquire unapproved admittance to an asset (the more delicate the better) for monetary benefit or individual acknowledgment. A few noxious programmers ruin sites or crash backend servers for no particular reason, notoriety harm, or to cause monetary misfortune. The techniques utilized and weaknesses found stay unreported. They aren't worried about further developing the association's security posture.

Advantages of Ethical Hacking

1.      This helps prevent malicious hacking attempts. Ethical hackers can help organizations develop systems that are better prepared to detect and block malicious hacking attempts and ensure their data is well protected.

2.      This can reduce international threats. Ethical hacking can often help reduce the number of international threats that public and private organizations may experience, such as national security breaches.

3.      This allows companies to better protect their financial assets. Ethical hackers can help banks and other financial institutions implement measures to increase the security of their networks so they can better protect their customers' money and increase trust.

4.      This can help reduce cybercrime. Ethical hacking can help cybersecurity organizations and government agencies develop ways to detect and prevent cybercrime and cyberterrorism by teaching them new malicious coding techniques.

Disadvantages Of Ethical Hacking

1.      It has the potential ability to corrupt an organization's files or data.

2.      They may use the collected important information for malicious purposes. As a result, it takes reliable developers to succeed in this particular framework.

3.      Employing such people increases the company's costs.

4.      This method may compromise someone's privacy. This system is unconstitutional.

Types of Ethical Hacking

1.      black box Testing: In black-box testing, the programmer has no earlier information on the framework and is trying the product from outside the framework before entering it using a beast force approach. For instance, on the off chance that you were trying a site, you probably won't understand what sort of server it's running on or what programming dialects were utilized to make it. This hacking type is much of the time considered one of the most hazardous kinds of hacking in digital protection and is utilized to distinguish security openings in an organization or framework that an assailant could take advantage of. They unlawfully get close enough to private data like Mastercard numbers or ledgers, which they then, at that point, sell or use for unlawful purposes like data fraud or extortion.

2.      White box testing: In white box testing, the hacker has a deep understanding of the framework, how it works, and its shortcomings before he attempts to break into the framework. White-box testing is frequently finished by designers who need to perceive how well their frameworks hold up under tension before they discharge them into creation conditions where assailants might attempt to air out them. They work intimately with IT offices and follow organization strategy, so they can figure out what's going on within without overstepping any regulations. They likewise guarantee that nobody hacks into their manager's framework.

3.      Gray box Testing: This is a blend between white-box and black-box testing; the analyzer has some information about the framework but not every last bit of it, so they need to utilize rational thinking abilities and their specialized information to find weaknesses inside the framework or organization being tried. black caps at times utilize their abilities for good and pernicious purposes, for example, taking cash from banks or different organizations through PC infections they make (and that implies they could be viewed as black).

The instances of grey box testing incorporate regions like

·         Convenience Tests

·         Execution Tests

·         Security Tests

4.      Web Application Hacking: Web application hacking type is the most common way of taking advantage of safety weaknesses or shortcomings in online applications. Web applications are commonly written in dialects like HTML, CSS, and JavaScript; however, they can likewise be written in different dialects like PHP and Ruby on Rails. Due to the idea of these dialects and how internet browsers decipher them, it is feasible to perform explicit activities on a site without really being approved. One illustration of this would be cross-webpage prearranging (XSS), which includes infusing pernicious code into a site's HTML. If you can create an XSS assault appropriately, you can seize the program's meeting with the server while never approaching their username or secret key.

5.      Hacking wireless organization: Hacking remote organizations is a hacking type that includes getting to a PC network without approval, regularly by taking advantage of flimsy spots in the framework's security. A phenomenal illustration of this is the act of wardriving, where an aggressor cruise all over with a PC or other gadget fit for getting remote signs, searching for unprotected or ineffectively safeguarded networks.

6.      Social engineering: Social engineering means to convince individuals to uncover their secret data. The assailant deludes individuals since they trust them and need information. There are three sorts of social engineering: human-based, portable-based, and PC based. As security arrangements slacken and there are no equipment or programming devices to forestall social designing assaults, distinguishing them is troublesome.

7.       system hacking: System hacking is the penance of a program to get to the designated PC to take their delicate data. The programmer exploits the shortcomings in a PC system to get the data and information and makes use of the advantage. System hacking expects to get entrance, raise honors, and conceal records.

8.      Web server hacking: Web content is produced as a product application on the server side continuously. This permits the programmers to go after the webserver to take private data, information, passwords, and business data by utilizing DoS assaults, port sweeps, SYN floods, and Sniffing. Programmers hack web servers to acquire monetary benefits from burglary, damage, coercion, blackmail, and so forth.

Case Studies on Ethical Hacking

Source: Https://Www.Knowledgehut.Com/Blog/Security/Ethical-Hacking-Case-Study

1.      WordPress cracked user data- Back in 2019, a new plugin was released for WordPress called Social Network Tabs. As you know, most people use WordPress to make their websites. This plugin became very popular, but no one knew about the vulnerability. It helped users share their website content on social media. Baptiste Robert was a French security researcher known online by his username Elliot Alderson. He found a flaw in the plugin that MITER identified as CVE-2018-20555. You can find this case and the corresponding case study in the Ethical Hacking PDF file online. You must be wondering what exactly caused this plugin bug. A bug in the plugin compromised a user's Twitter account. Since the extension is linked to the user's social media account, the vulnerability leaked the user's social media data. Roberto was the first to discover the leak and quickly reported it to Twitter, which helped protect the accounts of users affected by the leak.

2.      Vulnerability in Oracle's WebLogic Servers- In 2019 Oracle released a security update without notice. This surprised fans until they found out why it happened. The security patch was a very critical update that fixed a code vulnerability in the WebLogic Server. The vulnerability was discovered by the security firm KnownSec404. The vulnerability was named CVE-2019-2729, which received a rating of 9.8/10, which is quite high. The vulnerability left it open to attacks by hackers targeting two applications that the server left open to the Internet.

3.      Visa card vulnerability that allowed payment restrictions to be bypassed
This was one of the most famous ethical hacking cases publicized on the Internet. It happened on July 29, 2019. Two security researchers from a company called Positive Technologies discovered a security hole in Visa contactless cards that allowed hackers to bypass payment limits. This breach of their security would result in huge losses for the company. This incident sparked an interest in ethical hacking. As a result, some students started taking cybersecurity course certificates online to learn more. This was noticed by Tim Yunusov, head of security at the bank, and Leigh-Anne Galloway, head of cybersecurity resilience. It was announced how five major UK banks were targeted. Visa cards used to have a contactless verification limit of £30, but this weakness allowed hackers to bypass the limit.

4.      What happened to Zomato-  In 2017, Zomato, one of the largest online restaurant guides and food-ordering apps, was hacked by a hacker. The hacker aimed for five things. Names, Emails, Numeric Usernames ID, Usernames, Passwords. The data loss reached millions, as 17 million users were targeted. Before negotiating with the company, the hacker was able to put this information on the dark web so anyone could buy it. This was one of the most shocking ethical hacking cases in India. It also made people question the cyber security of the country. When this incident came to light, Zomato published some blogs talking about the real person behind this breach. The work was said to have been done by an ethical hacker who wanted to highlight the issue of national cyber security. It worked when the whole country started talking about cyber security.

5.      Mac Zoom Can Be Hacked, Camera Exposed- Jonathan Leitschuh disclosed a very critical vulnerability in Apple Macs on July 9, 2019. This lack of security framework allowed hackers to take control of a user's front-facing camera. As a result, many websites can force a user to participate in a Zoom call without their knowledge or permission. It was a breach of privacy, and millions of people holding meetings or using Zoom in general were at risk. This is an important case of ethical hacking as it was hacked on social media to make people aware. That same day, Apple sent a fix, which was a simple patch that users can download and install to fix the problem. Zoom also wasted no time in releasing a hotfix to fix the problem.

Conclusion

In conclusion, ethical hacking stands at the forefront of cybersecurity, offering a proactive approach to identifying and mitigating potential threats before they can be exploited by malicious actors. Ethical hackers, also known as white-hat hackers, play a crucial role in safeguarding organizations' digital assets and data by leveraging their expertise to uncover vulnerabilities and recommend remediation measures. The advantages of ethical hacking are evident, including its ability to prevent malicious hacking attempts, reduce international threats, protect financial assets, and mitigate cybercrime. However, there are also certain disadvantages to consider, such as the potential for corruption of organizational files, misuse of collected information, increased costs, and privacy concerns. Various types of ethical hacking, such as black box testing, white box testing, gray box testing, web application hacking, wireless network hacking, social engineering, system hacking, and web server hacking, offer diverse approaches to assessing and fortifying cybersecurity defenses. Furthermore, real-world case studies highlight the critical role of ethical hacking in identifying and addressing vulnerabilities in widely used platforms and systems, thereby preventing potential data breaches and safeguarding user privacy. As technology continues to advance, the importance of ethical hacking in ensuring digital security will only grow. Organizations must recognize the value of ethical hackers and invest in robust cybersecurity measures to protect against evolving threats in the digital landscape.


By

Divneet Kaur Ahuja, M.A Economics (2022-2024), School of Behavioural and Social Science (SBSS), Manav Rachna International Institute of Research and Studies (MRIIRS), Faridabad, Haryana. divneetahuja01@gmail.com