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The Observer An IIJNM publication
Government schools in Bengaluru lack trained educators for children with special needs | P 2
Vol. 21, Issue 13
By Anwesha Singh
I
Apart from investing in cryptocurrencies and earning profits, young people also use them as means of transferring money to their family members and friends I Courtesy: pexels.com you monitor, the more are your chances of making a profit.” “I use trading platforms like WazirX and CoinDCX, and have invested in Dogecoin, Shibainu, Tron coin and Wink. I make sure the cryptocurrencies I invest in are listed on various trading platforms with 45-50 million sub-
scribers, Shinde added.” Apart from investing in cryptocurrencies and earning profits, people also use them a as means of transferring money to their family members and friends. Vats Meha, a 22-year-old MSc student, believes that transferring money overseas through cryptocurrencies is easier than the traditional methods. “My elder brother is doing a job in the United States. Recently, he started to transfer money using bitcoin which helped him save the extra money that is charged by banks and other money transfer services.” Meha has started investing in cryptocurrency on the advice of her brother. Amisha Bedi, a cryptocurrency consultant, informed The Observer that cryptocurrencies is a good investment option. “It gives you so many benefits like more profit in shorter duration, easy transfer, safety against hacking, etc. However, before investing, you should pay attention to how a cryptocurrency is doing and make small investments initially.” Older people prefer investing in mutual funds instead. Continued on page 3
Celebrity deaths leave fans shattered By Kashish Sharma
D
hruv Yadav, a man in his late twenties, did not eat for three days after his favourite actor passed away. The sudden death of Puneeth Rajkumar caused him to feel empty from within. Yadav, who had never met the actor, felt as if a loved one had departed. Asked to share his suppressed feelings with The Observer, he
Parasocial Implications turned his back and tears started rolling down his cheeks. Overwhelmed with grief, he refused to talk and simply waved goodbye. Mahantesh M, another die-hard fan of the actor said: “I can't accept what has just happened. Every day I get up believing that my hero is still alive, but as soon
as I realize that he is no more, my day becomes hard to pass. Somehow, I have convinced myself that I am going to miss him until I die.” Mahantesh runs a Twitter page dedicated to Puneeth. Strong parasocial bonds in the digital age are making celebrity deaths look like a personal loss to the devoted followers, say experts. Dr Pallavi Walia, a practising psychologist, said: “Relationship with a celebrity is like standing in front of a mirror. They often represent a part of oneself. When a celebrity dies, that part also dies. Most of the time, people who are emotionally disconnected from their families, form such virtual relationships with these stars. When their favourite actor or actress passes away, their source of inspiration also dies.” Dr Nitin Mehra, another practising psychologist,agrees with Dr
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Older people are wary of them, find MFs safer
peer) exchange trade volume. Keyur Shinde, 21, has been investing in cryptocurrencies for the past one year. “Initially, I incurred some loss, but with time, I have learned how it works. I monitored cryptocurrencies for a week, sometimes for a month, to understand the trend. The more
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Thursday, November 18, 2021
Huge profits drive the young to put money in cryptocurrencies nvestment in cryptocurrencies has increased among the youth due to good profits and easy remittance. But older people are sceptical of investing in them because they are unregulated. Harsh Vasist, a 24-year-old student, shared: “I started investing in cryptocurrencies last year. It was a new concept to me. Initially, I was uncertain about it, but with time, I have become acquainted with the tips and tricks of investing.” He invests in cryptocurrencies because they are end-to-end encrypted and hence comparitively safer”. According to the 2021 Global Crypto Adoption Index by Chainalysis, a blockchain data platform, India had the second position among 154 nations in the 2021 Global Cryptocurrency Adoption Index. India also had a high ranking in P2P (peer-to-
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A fan showed his love for Puneeth Rajkumar by decking up his auto with the actor’s poster I Courtesy: karnatakanews.com Walia that radical steps like suicide are usually attempted by people who have unbalanced egos and who sometimes have underlying mental health issues. “Rationale is a big factor while
making meaning of a death. However, in cases of celebrity accidental deaths, meaning is really hard to find, and this creates insecurity among the fans,” Mehra noted. Dr Geetha Appachu, an experienced psychologist, said: “The purpose of social media is to provide new information. As a fan, it is very natural for one to be curious about the events that follow a celebrity death, but these days, instead of showing new information, media channels bombard us with the same information that simply intensifies the pain.” Allu Raghu, an associate of Kannada actor Chiranjeevi Sarja, who died in June 2020, informed The Observer: “I think work flashback is a big reason for feeling this intense grief. Fans know they won’t be able to see their beloved star ever again.” Continued on page 3
News briefs NIA arrests suspected IS man in Bengaluru The National Investigative Agency on Thursday arrested a man in Bengaluru who is suspected of having an affiliation with the Islamic State terrorist group. Zohaib Manna allegedly recruited youngsters for terrorist organizations and sent several youngsters to Syria via Turkey.
PM urges democracies to make cryptos safe
PM Narendra Modi, speaking virtually at the Sydney Dialogue on Thursday, urged the world’s democracies to cooperateto make cryptocurrencies safe. Cryptocurrencies like Bitcoin must not “end up in the wrong hands,” he said. Authorities at home and abroad have flagged the dangers of cryptocurrencies as they can be used anonymously by terrorist groups and organized criminals.
Heavy rains force schools to shut in 21 TN districts
The state has ordered all schools and colleges in 21 districts to shut as heavy rain is expected in Chennai, Tiruvallur and Kanchipuram, according to the India Meteorological Department. A low-pressure area in the Bay of Bengal is moving towards Tamil Nadu. Another low-pressure area exists in the Arabian Sea. Fishermen have been warned not to venture into the sea.
SC quashes ‘skin-to-skin’ contact verdict
The Supreme Court has quashed the Bombay High Court’s order which said “skin-to-skin” contact is necessary for the offence of sexual assault under the Protection of Children from Sexual Offences Act, 2012. A bench headed by Justice U.U. Lalit said sexual intent cannot be taken away from the purview of the Act.
Paytm shares crash 26 percent on debut
The much-hyped PaytmIPO on the National Stock Exchange had a disappointing start as the share plunged by as much as 26 percent. The stock opened for trading at Rs. 1,950, 9.3 percent lower than the issue price of Rs. 2,150. The shares further nosedived by 26 percent from its issue price to hit an intraday low of Rs. 1,586. Despite the plunge, PayTM clocked a valuation of over Rs. 1 lakh crore.