Thread.

#India is the world's third-biggest e-waste generator, producing over 3.23 million metric tonnes of e-waste per year, behind the US and China.

What's e-waste?
💡Simply put, it's the accumulation of old phones, cameras, TVs, computers — discarded products made of plastic and toxic compounds.

Folks handling this waste (usually women and kids) are routinely exposed to toxic heavy metals, which is a big health hazard.
👉In fact, between 2018 and 2020 our e-waste generation rose by ~ 43%.

And given that the pandemic has induced an increase in the use of electronic devices and there's a smartphone revolution brewing in the country, the problem is bound to accentuate in the near future.
The thing is that despite having policies to safely process e-waste, most recyclers aren’t recycling waste at all due to a lack of capacity or the necessary tools to do it.
And you might think that the best way to deal with the problem is to fix the waste management bit.

💡But there’s another angle to this.
Over the past few decades, consumer electronics have become harder to fix.

Some cos. have deliberately made it hard to fix things, either by restricting repair information to authorized dealers or by affixing parts that require specialized equipment available to a select few.
So how can we deal with this?

1. For starters, we have to hope countries introduce a “right to repair '' law, simply making it easier for people to fix things, like switching out batteries on cell phones, etc.
2. Govts should penalize companies that plan obsolescence to affect product performance.
3. More focus should be given to better waste management practices by enforcing existing regulations or incentivizing product manufacturers to take recycling seriously.
What are your thoughts??

********

Also, if you want to know more about what's our business model, check out @joinditto where we give simplified insurance advice :)

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Finshots

Finshots Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @finshots

7 Jul
"How are you going to monetize Finshots?"

"What are you going to do for money?"

"Finshots, tell us what is your business model?"

A thread...
We've received so many questions about this that we feel compelled to address this bit now.

For the longest while, we've wanted to keep Finshots free. No ads. No subscriptions.
And it isn't because we are a not-for-profit. (We aren't). But, because we wanted to try a different approach. An approach that involves building an active community of like-minded people.
Read 6 tweets
2 Jul
If you're looking for some entertaining Friday movie watches, we've got you covered.

Here's a thread on some of the best business/finance movies you must watch 🍿...
1. The Big Short (2015)

The Big Short is by far the most entertaining take on the 2008 financial crisis.

Written in a humorous and quick-witted way, it explains obtuse financial terminologies as well as the absurd and borderline criminal ways of the financial sector.
It is packed with a star-studded cast along with celebrity cameos of Margot Robbie, Selena Gomez, and Anthony Bourdain who explain some really complex financial concepts using a very un-Wall Street style.

👉Where to watch - Amazon Prime Video
Read 14 tweets
30 Jun
Sugar #stocks have been rallying heavily over the past few weeks. And it seems like this has a whole lot to do with a chemical compound that's been all over the news lately.

We're talking about ethanol.

(thread...)
👉Ethanol is a complex derivative that can be extracted while processing sugarcane. It can be extracted from sugarcane juice and even from the likes of corn, bamboo, & rotten potatoes.
💡But what is really unique about #Ethanol is- it has high levels of oxygen, it burns cleaner than your everyday fuels like petrol or diesel. And thankfully for us, India has consistently had a surplus sugar production.
Read 9 tweets
29 Jun
What happens to your cryptocurrency when you die??

A thread...
Did you know it’s illegal to log into a dead person’s crypto account?

So if you're a crypto investor and you died today, who reaps your fortune?
No one, technically, unless you name a beneficiary in your will. And it's a big deal as ~3.7M bitcoins, $140B is unrecoverable (excluding the 10k+ other cryptocurrencies) since the investor either lost their password or died intestate.
Read 10 tweets
28 Jun
Some of the weirdest tax rules around the world.

A thread...
1. Pro-cigarette smoking tax revenue : Smokers around the world are used to paying high taxes on cigarettes that are levied by governments to dissuade smoking.
However, in 2009, China was facing a tough economic crisis, and the majority of local taxes were derived from cigarette sales.

So the citizens of the central-Chinese Hubei province were given a weird choice - to either smoke cigarettes or face a fine.
Read 9 tweets
24 Jun
Reliance AGM!! Here we go. Stay tuned with us for live updates & key announcements!
Here's what Reliance has been doing to fight COVID-19:

1. Reliance is producing 11% of India’s total liquid oxygen, the highest by any Indian company

2. Gave away 7.5 Cr free meals to marginalised communities, daily wage earners and front line workers
3. Set up 116 Vaccination centres in 109 cities

4. Conducted the largest corporate vaccination drive for its employees across the country
Read 11 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!

:(