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By:

Kaustubh Kale

10 September 2024 at 6:07:15 pm

The Financial Magic of 8/8

AI Generated Image If numbers could talk, 8 would speak the language of wealth. When the date doubles into 8/8, it becomes more than another day. It becomes a reminder of financial power, balance and long-term abundance. Yesterday, the calendar read August 8 - 8/8. In astrology and numerology, this date is considered significant. The Lion’s Gate Portal August 8 marks the peak of what is known as the Lion’s Gate Portal - a period believed to carry heightened energy for growth, abundance and...

The Financial Magic of 8/8

AI Generated Image If numbers could talk, 8 would speak the language of wealth. When the date doubles into 8/8, it becomes more than another day. It becomes a reminder of financial power, balance and long-term abundance. Yesterday, the calendar read August 8 - 8/8. In astrology and numerology, this date is considered significant. The Lion’s Gate Portal August 8 marks the peak of what is known as the Lion’s Gate Portal - a period believed to carry heightened energy for growth, abundance and transformation. I am a financial advisor - not an astrologer or numerologist - but I find this date fascinating because of the symbolism attached to the number 8. In numerology, 8 is associated with wealth, power, ambition and balance. It is also linked with discipline, responsibility and karma - the idea that our actions produce results. When the calendar reads 8/8, many believe this energy is doubled. A Financial Checkpoint Whether or not you believe in astrology or numerology, the date can serve as a financial checkpoint - an opportunity to pause, reflect and take steps towards building wealth. I recommend treating 8/8 as a money mirror - a moment to ask yourself: Are my investments aligned with my long-term goals? Is my money working for me, or am I caught in an earn-and-spend cycle? Am I creating lasting wealth, or merely temporary income? Your Mid-Year Money Reset We often make resolutions on January 1. But by August, more than half the year has passed. That makes 8/8 an excellent occasion for a financial reset. Use this weekend for review and action. The intention may begin on a symbolic day, but transformation comes from what you do next. Review your goals and expenses. Make lumpsum investments where appropriate, increase your SIPs, check whether your insurance cover is sufficient and organise your financial documents. Also review your asset allocation. Money meant for long-term goals must be invested in hybrid and equity mutual funds, stocks and gold. Money required for short-term goals should remain in safer options such as bank fixed deposits and recurring deposits. Declutter Your Finances Close unused accounts, cancel unnecessary subscriptions, consolidate scattered investments and ensure that your family knows where financial information is stored. These may seem like small steps, but wealth is rarely created through one dramatic decision. It is built through disciplined actions repeated over many years. The Infinity Connection When the number 8 is turned on its side, it resembles the symbol for infinity - . That is what true investing is about - allowing consistency, patience and compounding to work over long periods. It does not create wealth overnight. Given time, the results can appear magical. Turn Intention Into Action As we move beyond 8/8, do not let the intention remain limited to a date on the calendar. Set a financial intention. Act on it. Review it regularly. Even the largest fortunes begin with focused steps. When your present-day financial actions begin matching your long-term goals, real transformation begins. (The writer is a Chartered Accountant and CFA (USA). Financial Advisor. Views personal. He could be reached on 9833133605.)

The Robot Dog That Barked Too Loudly

Updated: Feb 22

A borrowed machine exposed the gulf between technological ambition and institutional care during the AI Impact Summit.

India wants to be taken seriously as an artificial-intelligence power. That was the message delivered with customary confidence by Prime Minister Narendra Modi at the inauguration of the AI Impact Summit, a gathering impressive on paper: 20 heads of state, 60 ministers and hundreds of global AI executives. The ambition was to announce India’s arrival as a leader in the technologies of the future. While several significant things have occurred at the summit, a side incident snowballed into a case study in how small failures in form of poor vetting, loose claims and administrative haste can puncture a grand narrative.


The controversy broke on the summit’s second day after an interview on DD News. At a stall run by the Noida-based Galgotias University, a faculty member claimed that two eye-catching exhibits, one a four-legged robot dog and a football-playing drone, had been developed “from scratch” at the university’s new AI centre of excellence. The centre, inaugurated earlier this month with partners including Nvidia and Tata Technologies, was described as a Rs. 350-crore investment, the largest AI outlay by any private university in India.


Internet users quickly pointed out that the robot dog, branded ‘Orion’, closely resembled the Unitree Go2, a commercially available Chinese product, and that the drone had South Korean origins. Very soon, the indigenous innovation claim touted by Galgotias University collapsed on scrutiny as it was revealed that the dog was indeed a Chinese product.


The embarrassment escalated because the government had amplified the claim. Minister Ashwini Vaishnaw, overseeing the summit, had briefly promoted the robot dog on social media before deleting his post once doubts surfaced. A further twist came when an account called ‘China Pulse’ highlighted the dog’s origins, only for some Indian users to allege that the account itself was a foreign propaganda operation. The argument over who exposed the truth soon eclipsed the truth itself.


For Galgotias University, the damage was immediate. Their stall was immediately vacated. A hurried press statement apologised, describing the professor as “ill-informed” and claiming she had been instructed not to speak to the media – a lame explanation that raised more questions than it answered. The episode also revived older doubts about the institution’s credibility, including legal troubles involving members of the founding family in 2014 over alleged forgery and financial defaults.


Lost amid the noise was a quieter, more inconvenient fact that India does have a home-grown robot dog. xTerra Robotics, a start-up founded in 2023 at IIT Kanpur, showcased ‘Svan 2,’ India’s first four-legged commercial robot, at the same exhibition. It attracted far less attention than the imported dog that stole the limelight and then bit its handlers.


The wider implications go beyond one university or one minister’s deleted tweet. India’s global pitch rests heavily on Atmanirbhar Bharat (self-reliance) in manufacturing and technology. Displaying a Chinese robot at a summit meant to trumpet indigenous capability weakens that message, especially at a moment when India is positioning itself as a geopolitical and technological alternative in Asia.

The episode also hints at a deeper unease within India’s innovation ecosystem. Too often, incentives reward visibility over verification and announcements over outcomes. Universities, start-ups and even ministries feel pressure to demonstrate instant breakthroughs, even when the slower work of genuine research and development would serve better. This results in a culture in which borrowed hardware and inflated claims slip too easily into official showcases.


The fiasco also exposed a basic governance failure. Stalls at a high-profile international summit were allotted without rigorous vetting of claims, leaving the Information Technology Ministry scrambling after the fact. In a world where reputations are made and unmade online in hours, such oversight is costly.


None of this negates India’s genuine strengths in software, talent or start-ups. But it underlines a harsher truth: credibility in technology is built not by slogans or spectacle, but by accuracy, verification and institutional discipline. A robot dog may seem trivial. Yet when it barks falsely on a global stage, it can drown out a far bigger message.

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