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<ul class="summary-list"><li>Amid a lackluster earnings call, Tesla CEO Elon Musk said he plans to make Dojo compete with Nvidia.</li><li>But his fledgling supercomputer has a long way to go before competing with the chip-producing giant.</li></ul><a target="_blank" class="" href="https://www.businessinsider.com/elon-musk">Elon Musk</a> made another big promise this week during a lackluster earnings report that sent Tesla stock tumbling more than 7% before he logged off the call and didn't recover all week.The <a target="_blank" class="" href="https://www.businessinsider.com/tesla-ceo-elon-musk">Tesla CEO</a> said the company will "double down" on developing its <a target="_blank" class="" href="https://www.businessinsider.com/elon-musk-doubles-down-tesla-dojo-compete-with-nvidia-2024-7">Dojo supercomputer</a>, in hopes of competing with the chip-producing giant Nvidia."We do see a path to being competitive with Nvidia with Dojo," Musk told investors and analysts during Tuesday's call. "And I think we kind of have no choice because the <a target="_blank" class="" href="https://www.businessinsider.com/nvidia-demand-ai-chips-blackwell-hopper-ceo-jensen-huang-earnings-2024-5">demand for Nvidia</a> is so high, and it's obviously their obligation essentially to raise the price of GPUs to whatever the market will bear, which is very high. So I think we've really got to make Dojo work, and we will."It's not the first time Musk has made a <a target="_blank" class="" href="https://www.businessinsider.com/elon-musk-tesla-promises-that-havent-worked-out-yet-2019-4">grandiose promise</a> about what his tech could do without certainty he'd reach his desired outcome — and it's not clear he'll be able to follow through with this one, either.Musk first mentioned Dojo, the supercomputer designed to improve Tesla's Full Self-Driving (FSD) technology, in 2019. While the company has invested heavily in the ultra-powerful training computer and associated hardware, analysts agree Dojo doesn't yet compare to Nvidia.The most bullish investors, like Wedbush analyst Dan Ives, see Tesla as just starting the next chapter in its "growth story" via its investments in AI. Though Musk has big goals for advancement in AI technology, Ives predicted in a recent company report for Tesla that "that vision is on the doorstep."Nvidia, which was founded in 1993, has market dominance with a $2.78 trillion market cap — and its GPUs are in such high demand (from clients including Musk's Tesla and xAI) that the CEO Jensen Huang has had to assure analysts that the company is <a target="_blank" class="" href="https://www.businessinsider.com/nvidia-earnings-ai-chips-demand-jensen-huang-allocate-fairly-stock-2024-2">allocating them fairly</a>.Roey Kosover, director of the investment fund FinYX Fund SPC, told <a target="_blank" class="" href="https://www.investing.com/news/stock-market-news/teslas-musk-says-dojo-will-be-competitive-analyst-says-dojo-still-10-years-away-3533284">Investing.com</a> that shareholders have benefited tremendously from Musk's businesses, but "some of his assertions are not always accurate." Dojo, he estimated, has a capability roughly 10 years behind Nvidia's current power and Nvidia has an "incredible record of continuing to evolve and expand.""So perhaps his recent claim that Tesla's Dojo would rival Nvidia shouldn't necessarily be taken at face value," Kosover told the outlet, adding: "Where Nvidia is now is not where they will be in the future, if and when Dojo has the capability to do that."Representatives for Tesla and Nvidia did not immediately respond to requests for comment from Business Insider.When addressing questions about continued delays to <a target="_blank" class="" href="https://www.businessinsider.com/elon-musk-says-tesla-robotaxi-event-delay-due-to-redesign-2024-7">Tesla's Robotaxi project</a>, Musk acknowledged during the Tuesday call that his predictions "have been overly optimistic in the past."With his various business ventures, Musk has made massive strides in turning EVs into a status symbol, bringing forth innovations in space exploration with his reusable rockets and low Earth orbit satellites with Starlink. But while the billionaire has big dreams to innovate across industries, he's been off with his timeline — when his ideas make it to market at all.Musk, in 2016, promised Teslas would have fully <a target="_blank" class="" href="https://www.businessinsider.com/elon-musk-autonomous-tesla-drive-across-country-by-end-of-2017-2016-10">functional FSD technology</a> within two years. In 2019, he predicted regulatory approval for his <a target="_blank" class="" href="https://www.businessinsider.com/tesla-robotaxi-ai-event-delayed-october-report-stock-falls-2024-7">still-yet-to-be-revealed Robotaxi project</a> would take about a year. He estimated in 2014 SpaceX would <a target="_blank" class="" href="https://www.nbcnews.com/science/space/elon-musk-promises-spacex-will-stay-course-mars-n133971">take people to Mars</a> by 2024. The startup that tried to bring Musk's 2013 <a target="_blank" class="" href="https://www.businessinsider.com/hyperloop-one-build-elon-musk-futuristic-hyperloop-shutting-down-2023-12">Hyperloop</a> idea to life shut down last year.For now, it remains unclear if Musk's planned competition with Nvidia will meet the same fate. <meta content="cms.next" name="cmsei" />

Elon Musk made another big promise he may not be able to keep

<ul class="summary-list"><li>PepsiCo says it's two-thirds of the way done with an overhaul of its supply chain.</li><li>It has invested in AI and automation to make its production and distribution more profitable.</li></ul>Gregg Roden, PepsiCo's chief operating officer, has spent his entire 34-year professional career working at the snacking giant. He said that in the past three years alone he'd witnessed more change than in the 31 years before that.Over the past couple of decades, as consumers bought more goods online, grocery sales remained reliably stuck in the store. But the pandemic shifted grocery-shopping patterns, and now people are increasingly likely to buy food and beverages online too."When I started 34 years ago, everything was bought from a store, and we had a pretty narrow portfolio of options for the consumer," Roden told Business Insider. "Now, literally anyone can buy anything, anywhere." PepsiCo has also expanded its product line, offering new flavors and sizes of its snacks and drinks.These changes mean demand for more brands is coming from more directions. PepsiCo says it is investing in digitization and automation — including robotics and predictive artificial intelligence — so it can better plan for demand and more quickly and precisely produce and deliver its products. And it says its supply-chain transformation is two-thirds complete.<h2 id="edb5b524-83f3-4f66-928d-fc4bdede46a4">Supporting agriculture with AI predictive insights and satellite imagery</h2>PepsiCo generated more than $91 billion in 2023 from the sales of more than 500 brands worldwide, including its namesake soda, Lay's, Doritos, Gatorade, and Mountain Dew. The company's earnings for the first two quarters of 2024 <a target="_blank" href="https://www.cnbc.com/2024/07/11/pepsico-pep-earnings-q2-2024-earnings.html">exceeded Wall Street's expectations</a>, but volume in North America for the Frito-Lay and beverages businesses has been declining as consumers have pushed back against years of price hikes.Athina Kanioura, PepsiCo's chief strategy and transformation officer, described investments in PepsiCo's seed-to-shelf supply chain as the "glue" in the company's future ability to deliver higher profits and revenue growth. And it all begins with the work done in the field.The farmers PepsiCo works with own more than 4 million acres in North America alone, providing ingredients such as potatoes and corn for its chips and other snacks.The thinking is that by using less water and fertilizer to produce those ingredients, the company can boost its profits in an industry that operates on thin margins. It says that it works with farmers to ensure they have the technology to harvest those ingredients efficiently and that it subsidizes some of the cost of that technology for smaller farms.It also says it has partnered with companies including CropTrak, AgroScout, and Microsoft to monitor production, analyze crop health, track where crops go, and better understand where to plant crops so they can thrive.<h2 id="32588e1b-3851-4dba-89dd-e96f1f24974a">Distribution workers do fewer manual tasks</h2>PepsiCo is also rethinking how it fulfills orders and distributes its products, which is changing the work of the company's many employees in manufacturing and distribution. With more automation, workers are doing fewer physical tasks, like driving a forklift, and far more oversight of the machines taking over those tasks.Workers at manufacturing facilities and distribution centers and the unions that represent them often bristle at automation, which can lead to layoffs. Large food manufacturers that have announced closings and layoffs this year include PepsiCo, Tyson Foods, and Campbell Soup. Often those announcing layoffs don't directly attribute them to automation but to <a target="_blank" href="https://www.reuters.com/markets/commodities/tyson-foods-close-iowa-pork-plant-with-1200-workers-2024-03-11/">soft sales</a>, <a target="_blank" href="https://www.fooddive.com/news/campbell-soup-closing-inefficient-sites-415-job-losses/717224/">older facilities that can't keep up with demand</a>, or <a target="_blank" href="https://www.fooddive.com/news/pepsicos-quaker-plant-illinois-closing-layoffs/712954/">even product recalls</a>. PepsiCo declined to comment on the reason for its layoffs.Food producers are also confronting a generational shift. Research from McKinsey suggests that while many Gen Zers express interest in working in manufacturing, not enough of them are taking jobs at factories to fill vacancies, and that they're <a target="_blank" href="https://www.mckinsey.com/capabilities/operations/our-insights/from-hire-to-inspire-getting-and-keeping-gen-z-in-manufacturing">more likely than older workers to leave those jobs</a>.PepsiCo argues that it can't continue to have employees perform most tasks manually while cost-effectively churning out enough food and drinks to meet demand. So it trains workers to monitor autonomous machines and ensure they're working safely and efficiently. "You are taking an analog worker, and you are making them a digital worker," Kanioura said.Its modernization efforts include how it puts together variety packs, such as those containing several small bags of Ruffles, Doritos, Cheetos, and Fritos: While workers used to assemble the packs, machines are increasingly taking over.Even as it has invested in automation, PepsiCo's total workforce has swelled: It grew by 20%, to 318,000, over the five years that ended in 2023.<h2 id="49fb841a-5ce1-4f54-8631-44d495ffdaa5">Creating more intelligent warehouses</h2>PepsiCo says it considers most of the company's warehouses "intelligent" facilities with tech that allows employees to track and control the movement of goods.It uses sensors and AI to help with predictive maintenance checks and quality-control measures — for example, using patterns to identify a machine or vehicle that's likely to malfunction and cause problems later on. Rather than suffering a shutdown when a motor breaks on the tortilla-chip line, PepsiCo can preemptively replace the motor the next time the line is scheduled for downtime."Being able to turn that data into action is important," Roden said.<meta content="cms.next" name="cmsei" />

PepsiCo is using robotics and AI-powered crop planning to transform its supply chain

<ul class="summary-list"><li>"Deadpool &amp; Wolverine" leaves the door open for more adventures with Ryan Reynolds' antihero.</li><li>The actor previously joked that he'd only make "Deadpool 4" if he's "capital B broke."</li></ul>Warning: Spoilers ahead for "Deadpool &amp; Wolverine.""<a target="_blank" class="" href="https://www.businessinsider.com/deadpool-and-wolverine-cameos-celebrities-appearances-2024-7">Deadpool &amp; Wolverine</a>" finally brings Wade Wilson (Ryan Reynolds) and Logan (Hugh Jackman) together in a violent adventure across the multiverse that leaves the door open for future appearances from the actors, like a potential "Deadpool 4."The movie sees Wilson search for an "anchor being" whose mere existence would save his universe from dying. His search brings him to a washed-up version of <a target="_blank" class="" href="https://www.businessinsider.com/hugh-jackman-wolverine-deadpool-3-8000-calories-bulk-up-2023-3">Wolverine</a> in an alternate timeline who struggles with his grief after the death of the X-Men, the famous team of mutants.By the end of the film, both heroes are left in a place where they could return for future projects in the Marvel Cinematic Universe.Here's what we know about the chances of "Deadpool 4."<h2 id="bbdc2b11-f6c3-41e8-8a1e-8dce94e9cb81">Ryan Reynolds joked that "Deadpool 4" won't happen</h2><div type="image" title="Ryan Reynolds at the world premiere of &quot;Deadpool &amp; Wolverine&quot; in July 2024." height="2331" width="3500" msid="112051013" hostid="261" sizebytes="266682"></div>Reynolds touched on the possibility of "Deadpool 4" when appearing on "The Tonight Show Starring Jimmy Fallon" on Tuesday. He explained that <a target="_blank" class="" href="https://www.businessinsider.com/blake-lively-and-ryan-reynolds-relationship-timeline-2019-5">his family</a> wouldn't be happy if he jumped into another sequel so soon after "Deadpool &amp; Wolverine.""My wife and children will divorce me. I have no prenup with any of them. I will be capital 'B' broke and in turn, probably doing 'Deadpool 4' 'cause I'd need the money," he said.<iframe width="560" height="315" src="https://www.youtube.com/embed/jhs9cxFfRtE?si=E-snkFiwSTOJTr0B" title="YouTube video player" frameborder="0"></iframe>Although it sounds like he's completely ruling out "Deadpool 4," the actor is known for being incredibly playful during press tours, and he hasn't confirmed that he's saying goodbye to the role for good.Plus, <a target="_blank" class="" href="https://www.businessinsider.com/how-is-wolverine-alive-hugh-jackman-return-deadpool-logan-death-2024-7">Jackman famously left Wolverine behind</a> after 2017's "Logan" — and look how that turned out.If "Deadpool &amp; Wolverine" does well at the box office — and the <a target="_blank" class="" href="https://www.hollywoodreporter.com/movies/movie-news/deadpool-wolverine-box-office-record-r-rated-previews-1235958901/">opening weekend numbers</a> are looking good — it surely won't be long before Marvel offers to dump a truckload of cash at Reynolds' door for him to reprise his role in the future.<h2 id="8b5c3755-c846-4d9b-8188-35b44d95279f">The door is seemingly open for "Deadpool 4" and beyond</h2><div type="image" title="Hugh Jackman as Logan/Wolverine and Ryan Reynolds as Wade Wilson/Deadpool in &quot;Deadpool &amp; Wolverine.&quot;" height="2000" width="3000" msid="112051012" hostid="261" sizebytes="250612"></div>At the <a target="_blank" class="" href="https://www.businessinsider.com/deadpool-and-wolverine-end-credits-scene-explained-2024-7">end of "Deadpool &amp; Wolverine,"</a> the two heroes finally stop squabbling long enough to band together and prevent Cassandra Nova (Emma Corrin) from wiping out the multiverse with Paradox's (Matthew Macfadyen) time-ripper machine.It's an act of selflessness that impresses Hunter B-15 (Wunmi Mosaku) and the Time Variance Authority, and they decide to let Wolverine stay in Deadpool's universe.In the film's happy finale, Deadpool even patches things up with his ex-girlfriend, Vanessa (Morena Baccarin).This means that there's a clean slate for "Deadpool 4," should Reynolds and Marvel Studios find the right story to tell going forward. If not, there are other golden opportunities for the foul-mouthed hero to show up elsewhere.Earlier in July, it was widely reported by multiple outlets that the Russo brothers, MCU veterans, <a target="_blank" class="" href="https://www.businessinsider.com/russo-brothers-return-to-marvel-avengers-superhero-fatigue-2024-7">are in talks to return to Marvel to direct "Avengers 5"</a> for a 2026 release date, and "Avengers: Secret Wars," expected in 2027. The latter takes its name from a multiverse crossover event in the comics.These back-to-back movies would be the perfect time for Deadpool to crossover with all the other MCU heroes. Plus, it would be the ultimate payoff for the opening scene in "Deadpool &amp; Wolverine," where Wilson unsuccessfully applies to join the Avengers. Only time will tell.<meta content="cms.next" name="cmsei" />

Ryan Reynolds says he'll only make 'Deadpool 4' if he's 'capital B broke.' Here's what to know about a potential fourth film.

22 details you might've missed during the Paris 2024 opening ceremony

<ul class="summary-list"><li>Elite American swimmer Caeleb Dressel is making a comeback at the 2024 Olympics in Paris.</li><li>The 27-year-old athlete is renowned for his speed in events such as the 100-meter butterfly.</li></ul>American swimmer Caeleb Dressel, 27, may be one of the most dominant men in the pool since <a target="_blank" class="" href="https://www.businessinsider.com/michael-phelps">Michael Phelps</a>.With seven gold medals across two <a target="_blank" class="" href="https://www.businessinsider.com/olympics">Olympic Games</a>, Dressel has set records in events like the 50-meter freestyle and 100-meter butterfly (at a lightning-fast 49.45 seconds, beating Phelps' world record by .37 seconds).At 6 feet 3 inches tall, Dressel is just slightly shorter than <a target="_blank" class="" href="https://www.businessinsider.com/michael-phelps-rio-olympics-body-swimming-2016-8">Phelps, whose body is ideal for swimming</a>, sports scientists have said.Dressel is scheduled to compete in both the men's 50-meter freestyle and men's 100-meter butterfly, as well as the men's 4×100-meter freestyle relay, in the <a target="_blank" class="" href="https://www.businessinsider.com/paris-summer-olympics-2024">2024 Paris Olympics</a>.Born and raised in Florida, Dressel currently lives in a rural area near Gainesville. He honors his home state by sporting a series of tattoos featuring animals native to Florida, such as an alligator, black bear, and eagle.<div type="image" title="Caeleb Dressel smiles and holds his goggles after exiting the swimming pool." height="1334" width="2000" msid="112051266" hostid="261" sizebytes="69470"></div><h2 id="912a47b8-870e-4927-bcf1-db6d0713ee23">Dressel's early life and career</h2>Dressel grew up in Green Cove Springs, Florida, and began swimming at age 5.At 15, he was the youngest male swimmer at the 2012 Olympic Trials, and shortly after started racking up medals at the 2013 World Junior Championships and US Junior National Championships.Dressel swam for the University of Florida, setting records at the school, state, and NCAA levels.He qualified for the US Olympic team in 2016 and 2020, earning two gold medals in Rio de Janeiro and five in Tokyo.At the World Championships in 2022, Dressel withdrew in the middle of an event, citing health reasons and later clarifying he needed to step back from swimming for his mental health.Across his career, he has shown exceptional speed, even when <a target="_blank" class="" href="https://www.businessinsider.com/caeleb-dressel-michael-phelps-comparisons-better-swimmer-2021-7">Dressel has been compared to Phelps</a> and other elite swimmers.While Phelps dominated the sport for years across a range of events, Dressel's forte is sprint events, setting a record of 20.16 seconds in the 50-meter freestyle, making him one of the fastest male swimmers in the world.Dressel's net worth includes winnings from his Olympic medals — the US Olympic and Paralympic Committee pays athletes $37,500 for gold medals, $22,500 for silver, and $15,000 for bronze — as well as sponsorships with major brands like Speedo, Omega, Toyota, and Nobull.He is married to his high school sweetheart, Meghan, and the couple have a baby boy named August, who was born in Feburary 2024, as well as a <a target="_blank" class="" href="https://www.businessinsider.com/video-caeleb-dressel-dog-pool-olympics-2021-8">black Lab named Jane, who swims</a> alongside Dressel in the pool.<meta content="cms.next" name="cmsei" />

Caeleb Dressel is making his comeback at the 2024 Olympics. Here's what to know about America's fastest swimmer.

<ul class="summary-list"><li>US stocks rallied after a three-day skid following encouraging new inflation data.</li><li>The data boosted hopes that the Fed will start cutting interest rates by September.</li></ul>US stocks rose Friday morning, regaining momentum after three days of losses.The bounce back follows June's personal consumption expenditures index, which mostly aligned with expectations and showed a moderate rise in consumer prices. Headline PCE rose 0.2% from May and 2.6% year-to-year.The print helped bolster market convictions that the Federal Reserve can cut interest rates in September.According to the <a target="_blank" href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html?redirect=/trading/interest-rates/countdown-to-fomc.html">CME FedWatch Tool</a>, traders no longer expect rates to remain the same that month. Instead, investors indicated 87.7% odds of a 25-basis point cut, and 11.9% odds of a 50-basis point cut."Across most key categories, particularly housing inflation, the positive disinflationary momentum continues," Fitch Rating's head of US economic research Olu Sonola said. He added: "With one eye on recent labor market developments, the Fed is now likely to use the meeting next week to set the stage for a September rate cut."These reinforced outlooks caused the Nasdaq 100 and S&amp;P 500 to rise. This week, creeping doubt in large-cap tech stocks rally spurred investors to rotate out of the sector, pulling both indexes down 3.67% and 2.6% through the past week, respectively.Treasury yields dipped Friday morning.Here's where US indexes stood at the 9:30 opening bell on Friday:<ul><li><a target="_blank" href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">S&amp;P 500</a>: 5,444.60, up 0.8%</li><li><a target="_blank" href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">Dow Jones Industrial Average</a>: 40,494.55, up 1.4% (559 points)</li><li><a target="_blank" href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">Nasdaq composite</a>: 17,284.29, up 0.6%</li></ul>Here's what else is going on today:<ul><li><a target="_blank" href="https://www.businessinsider.com/next-recession-outlook-forecast-interest-rate-cuts-sahm-rule-unemployment-2024-7">Cutting interest rates now to stop a recession may already be too late</a>, former Fed president says.</li><li><a target="_blank" href="https://www.businessinsider.com/recession-outlook-job-market-layoffs-unemployment-rate-hiring-economy-2024-7">US labor has come close to a 'danger zone,'</a> Claudia Sahm says.</li><li><a target="_blank" href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-august-small-caps-rate-cuts-tom-lee-2024-7">Small caps will surge 15% next month alone</a>, Fundstrat's Tom Lee said.</li><li><a target="_blank" href="https://www.businessinsider.com/us-housing-market-hurting-home-appliance-sales-whirlpool-real-estate-2024-7">Weak housing market activity is weighing down on big-ticket housing appliances</a>, Whirlpool says.</li></ul>In commodities, bonds, and crypto:<ul><li>Oil futures were down. <a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price?utm_medium=ingest&amp;utm_source=markets">West Texas Intermediate</a> crude oil slid 0.51% to $77.89 a barrel. <a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price?utm_medium=ingest&amp;utm_source=markets">Brent crude</a>, the international benchmark, was down 0.64% to $81.84 a barrel.</li><li><a target="_blank" href="https://markets.businessinsider.com/commodities/gold-price?utm_medium=ingest&amp;utm_source=markets">Gold</a> gained 0.58% to $2,378.5 an ounce.</li><li>The 10-year Treasury yield fell three basis points to 4.218%.</li><li><a target="_blank" href="https://markets.businessinsider.com/currencies/btc-usd?utm_medium=ingest&amp;utm_source=markets">Bitcoin </a>rose 2.20% to $67,245.</li></ul><meta content="cms.next" name="cmsei" />

US stock market indexes rebound as inflation data reinforces Fed rate-cut bets

<ul class="summary-list"><li>Money dysmorphia is a negative or unrealistic perception of one's financial wellness.</li><li>A financial therapist said younger people, like millennials and Gen Zers, are more prone to it.</li></ul><a target="_blank" href="https://www.businessinsider.com/why-gen-z-feels-good-about-money-inflation-jobs-2024-6">Gen Z has more job flexibility</a> and access to information about money than their parents did. Still, not everyone feels good about their financial futures.In fact, Gen Zers — people born between 1997 and 2012 — are more worried about saving than any other generation, <a target="_blank" class="" href="https://www.businessinsider.com/gen-z-biggest-financial-stressors-the-top-worry-is-saving-2023-12">a BI survey showed</a>. And not all of it is tied to inflation or student loan debt.Money dysmorphia is "a negative and unrealistic perception of one's financial wellness or financial position," Amanda Clayman, a financial therapist who hosts Fresh Produce Media's Audible series "<a target="_blank" href="https://www.audible.com/pd/Emotional-Investment-Audiobook/B0CYN8HKKP">Emotional Investment</a>," told Business Insider. <a target="_blank" class="" href="https://www.bloomberg.com/opinion/articles/2024-02-06/-money-dysmorphia-traps-millennials-and-gen-zers">Nearly half of Gen Zers and millennials</a> have it, according to a recent Credit Karma survey.Money dysmorphia goes beyond wanting to pay off some credit card debt or to contribute more to a <a target="_blank" class="" href="https://www.businessinsider.com/personal-finance/investing/what-is-401k">401(k)</a>. It's "pervasive worry, vigilance — like an internalized feeling of unsafety with money," Clayman said, even when there aren't pressing financial problems to solve.Clayman explained why younger generations are more likely to experience warped views around their finances — and might be more financially stable than they give themselves credit for.<h2 id="b115fdf1-75ec-4ac7-8796-99b79f67d739">Big life transitions bring on introspection</h2>In general, Clayman said that people who are prone to <a target="_blank" href="https://www.businessinsider.com/what-is-catastrophizing-how-to-stop-2023-8">catastrophizing</a> will "find that money is something that is very easy to worry about."Younger people, such as those in their mid-20s to mid-30s, are also going through more life transitions, she said. They might be <a target="_blank" href="https://www.businessinsider.com/financial-therapist-helped-me-budget-for-month-wedding-cost-2024-7">saving up for a wedding</a>, house, career change, or family.While all these things are a rite of passage, Clayman said "older generations were working, in many cases, in a different environmental context, financially." <a target="_blank" class="" href="https://www.businessinsider.com/financial-therapist-says-budgeting-apps-harm-saving-money-2024-4">Budgeting was simpler</a> before the clutter of Venmo and <a target="_blank" class="" href="https://www.businessinsider.com/credit-card-rewards-points-friends-fights-brunch-money-payment-venmo-2024-7">credit card points</a>.Young people might also not have a clear barometer of how much they have to have saved up, other than a lot. Clayman said that the more ambiguous or abstract a financial goal is, the easier it is to feel like you're nowhere near the goalpost."Once you're in a later stage of life, you have a little bit more information that you can access," she said. Older generations have more life experience, making them less likely to experience unwarranted panic about their money.<h2 id="9f6232da-5dd4-4981-a699-7dea64d66d33">Self-comparison fuels money dysmorphia</h2>Previous generations also didn't contend with the warping powers of social media. It's easy for younger people to create nebulous financial benchmarks when their online activity fuels so much self-comparison, Clayman said."We can never know all of the intimate details of a person's financial picture and their history," she said. "We are creating a pattern that tells a story based on the incomplete information that we're picking up."That couple with the dream wedding could be in <a target="_blank" href="https://www.businessinsider.com/indian-wedding-debt-budget-money-advice-photos-2023-10">credit card debt</a>. That friend who goes on four international trips a year could have a trust fund.Plus, because <a target="_blank" href="https://www.businessinsider.com/guides/health/mental-health/does-social-media-cause-depression">high social media use is linked to lower moods</a>, those who spend more time on TikTok might be served more content that confirms their negative self-belief, Clayman said. "All we have to do is open Instagram and be flooded with confirmation that there are lots of people out there who are having fun and going places."Constantly being bombarded with images of <a target="_blank" href="https://www.businessinsider.com/new-york-city-gaudy-gilded-age-restaurants-bars-wall-street-2024-4">luxury restaurants</a> and impeccable homes can perpetuate a cycle of undue worry and doubt about one's own finances.<h2 id="afc67758-07b3-4cee-9c57-ce097f0a01f5">Some expectations around money are dated</h2>While parents can teach their kids valuable lessons about saving, not all the money rules that pertained to Gen Xers and boomers translate to today's economy.For example, generations growing up in the post-war era had pension plans, while<a target="_blank" href="https://www.businessinsider.com/personal-finance/investing/how-much-do-i-need-to-retire#understanding-retirement-needs"> retirement is self-funded now</a>, Clayman said. Plus, factors like inflation and higher cost of living can make it harder for younger people to stick to strict saving schedules.It's not to say that all past advice about money is wrong, she said. But if following it leads to adopting behaviors like money-hoarding or workaholism, it does more harm than good.These behaviors "are an attempt to feel better and to quiet the level of anxiety that we're experiencing," Clayman said. The more productive route is <a target="_blank" href="https://www.businessinsider.com/financial-therapist-powerful-mindset-shifts-that-save-money-2024-5">taking in different financial perspectives</a> and making a plan to <a target="_blank" href="https://www.businessinsider.com/personal-finance/banking/how-to-budget">budget</a> — one that is realistic and shame-free.<meta content="cms.next" name="cmsei" />

Why so many Gen Zers and millennials have 'money dysmorphia' — even if they are financially better off than they realize

<ul class="summary-list"><li>Priya Bajaj and Darshan Shah left India to move to the US a few years ago.</li><li>Despite some initial adjustments, they say corporate America provided a work-life balance they didn't have before.</li></ul>When Priya Bajaj received an offer to transfer from <a target="_blank" class="" href="https://www.businessinsider.com/google">Google</a> in India to the US, she thought she would try it out for six months — she didn't expect to be here seven years later."I had no reason to move here because my whole family, everyone was back in India," Bajaj said. "And I was also dating him," she said about her now-husband.Bajaj's husband, Darshan Shah, worked as a Sony Pictures producer in Mumbai when she received the offer. He said he was happy with his life in India so the two agreed to do <a target="_blank" class="" href="https://www.businessinsider.com/dating-long-distance-relationship-online-success-married-switzerland-2024-7">long distance</a> while she tried out the new job.Bajaj first landed in the US in January 2017 and said she didn't adjust until about a year later. At that point, she and Shah got married, and she convinced him to join her in the US.<h2 id="612eb124-665d-47fe-baca-f3820f7bbf8d">Corporate America was a cultural shock</h2>When they <a target="_blank" href="https://www.businessinsider.com/british-woman-moved-us-shares-what-surprised-her-2024-7">first moved to the US,</a> Bajaj and Shah struggled with adapting to living together, going through the immigration process, and finding stable work.After relocating, Shah searched for a video production role in the media and entertainment industry but found the market for those jobs difficult without local contacts. He ultimately shifted his focus to video content production and marketing in tech and worked at a couple of startups. He then took a contract role at Google before landing a job at Indeed.Bajaj said Shah had to adjust to the interview process. She said interviews in India focus on past experience, while in the US, you are expected to sell yourself and talk about what you can bring to the table.Even though Bajaj had a job secured, she also struggled when she first moved."The first six, seven months were not that easy," Bajaj said, adding that from a cultural perspective "working here was very, very difficult."Bajaj and Shah both felt that took time to grasp the cultural nuances of corporate America. In India, she said work place was very much a "community" where her coworkers were her best friends. Bajaj and Shah said they both had to learn the <a target="_blank" class="" href="https://www.businessinsider.com/moved-to-colorado-mountains-mistake-left-2024-3">boundaries of professionalism in the US</a>.<h2 id="965978c3-8cd9-4e7f-9a82-a0b20e4b5c6c">The lifestyle of a 9-5 opened up opportunities for them</h2>Despite the initial struggle, Bajaj said once she adjusted, <a target="_blank" class="" href="https://www.businessinsider.com/moved-to-us-from-india-big-tech-changed-me-2024-7">she wanted to stay in the US and see where her career could go.</a>Bajaj said that in India, people tend to go above and beyond and the general instinct in the workplace is to always say yes, especially for those early in their career. Many Indians who work corporate jobs also have cooking and cleaning staff to help with basic house tasks, which also allows them to work longer hours, she said."You can do 18 hours of work in India because all you are doing is working," Bajaj said. "Your chores are taken care of, your food is ready. You don't have to take care of any, cleaning, cooking groceries."Bajaj and Shah said they now have <a target="_blank" class="" href="https://www.businessinsider.com/millennial-working-in-bengaluru-the-silicon-valley-of-india-2023-7">more control of their time.</a> Shah was able to focus more on his health because he had more time outside of work and Bajaj has the opportunity to do things like be on a board, speak at an event, and create content.<h2 id="6bf2fea9-6951-4236-b575-98d942c4cb5d">Moving means starting over again — and it's not for everyone</h2>Bajaj and Shah's move to the US opened up opportunities for them outside their full-time jobs. Bajaj and Shah used their free time to start a <a target="_blank" class="" href="https://www.itsokyaar.com/">platform</a> for South Asian immigrants called It's Ok Yaar, which means "It's okay, friend.""We're hustlers," Bajaj said. "We like to do a lot of things other than our full time jobs."Bajaj said if she hadn't had an opportunity in the US, she may have tried out another country. She and Shah enjoy being pushed out of their comfort zones.But moving to the US isn't for everyone.Bajaj warns that navigating the job market requires networking and being able to handle rejections. Bajaj said that if you already have a comfortable life and "made it" in your home country, you should ask yourself if you're ready to start all over again.<meta content="cms.next" name="cmsei" />

They moved to the US from India. The transition was hard but they've grown to love the work-life balance.

As the monsoon rains refreshes India while the nation cheers on its athletes in the ongoing Olympics, the skies above promise another natural spectacle that will captivate stargazers. This month, India will witness a rare celestial event: a "double" meteor shower featuring both the Alpha Capricornids and the Southern Delta Aquariids, peaking within 24 hours of each other. Meteor showers occur when Earth’s orbit intersects the path of a comet, causing rocky debris to burn up in our atmosphere. This month, Earth will pass through the orbits of comet 96P/Machholz and comet 169P/NEAT, giving rise to the Southern Delta Aquariids and Alpha Capricornids respectively. The Southern Delta Aquariids will peak on July 29-30, while the Alpha Capricornids will peak on July 30-31. Nicholas Moskovitz, a planetary astronomer at Lowell Observatory, notes that such close peaks of two meteor showers are "a little bit unusual" but not entirely uncommon. Observing them helps scientists understand comet behaviours and predict future meteor showers, which is crucial for the safety of spacecraft. <h2>Visibility in India</h2>Both meteor showers are expected to be visible in India, particularly in the southern regions and areas away from urban light pollution. For the best viewing experience, find a dark site, ideally in rural areas or hill stations. The Southern Delta Aquariids will produce around 20-25 meteors per hour at their peak, appearing as faint streaks that require dark skies to be seen. The Alpha Capricornids, while less frequent at about 5 meteors per hour, are known for their bright fireballs, making them more spectacular even in less than ideal conditions. <div type="Article" hostid="261" msid="112016039" title="Forget distant fly-bys of giant rocks—this plane-sized asteroid will come within 1.7 million km of Earth this week!" mstype="2" mssubtype="0"></div>To catch these celestial wonders, it’s recommended to watch the sky between midnight and dawn. Make sure to find a dark spot away from city lights, stay off devices to allow your eyes to acclimate to the dark. Be patient, lie back and scan the sky, focusing on areas away from the moon. It would also be wise to check the local weather forecast to ensure clear skies before heading out for any stargazing. Both showers will be most visible if you look towards the southern horizon. The meteors will appear to radiate from the constellations Aquarius (for the Southern Delta Aquariids) and Capricornus (for the Alpha Capricornids), but you should look away from these radiant points to see longer meteors streaking across the sky. <div type="Article" hostid="261" msid="111730212" title="Bengaluru-based Pixxel Space plans to mine asteroids for building settlements in space" mstype="2" mssubtype="0"></div>So, mark your calendars, prepare your night-sky essentials, and get ready to witness a double meteor shower that promises to be a highlight of the monsoon season. As athletes from around the globe compete for glory, the night sky will provide a universal display of nature's own fireworks. <meta content="cms.next" name="cmsei" />

India to witness a rare and mesmerising DOUBLE meteor shower on July 30!

<ul class="summary-list"><li>North Korea's GDP grew 3.1% in 2023, according to central bank estimates.</li><li>The Bank of Korea cited economic cooperation with Russia as one factor.</li></ul>North Korea's growing trade ties with Russia are paying off, helping end a three-year downturn, according to the South Korean central bank.The bank's annual report, cited by <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-07-26/north-korea-s-economy-rebounds-as-kim-putin-ties-fuel-arms-trade">Bloomberg</a>, found that North Korea's 2023 GDP grew 3.1% in real terms. Aside from ending years of contraction, the data marked the largest expansion since 2016.Since North Korea does not offer official data, indicators tracked by its southern neighbor are relied on instead."Most experts assess the rebound in 2023 to be temporary, but there are also positive factors, such as the possibility of further growth in trade with China and expansion in economic cooperation with Russia," a Bank of Korea official told reporters, quoted by <a target="_blank" href="https://www.reuters.com/markets/asia/north-koreas-economy-surged-2023-after-years-contraction-south-estimates-2024-07-26/">Reuters</a>.The latter point refers to ties that have formed between North Korean and Russian leadership. As Western sanctions have amassed against both countries due to their geopolitical hostilities, the two powers have instead turned to one another.Last month, Korean leader Kim Jong Un and Russian President Vladimir Putin <a target="_blank" href="https://www.businessinsider.com/russia-north-korea-have-put-south-korea-in-a-predicament-2024-7">signed a new mutual defense pact</a>, expanding economic and trade cooperation.It amplifies a pivotal arms trade relationship that's formed between Pyongyang and Moscow through 2023, despite Western concerns.The US first accused North Korea of providing ammunition to Russia in September 2022, a move that has helped Moscow maintain its war in Ukraine. This lifeline has only deepened — while ammo delivery estimates vary, they're<a target="_blank" href="https://www.businessinsider.com/most-worrying-military-tech-north-korea-could-get-from-russia-2024-6"> likely to number in the millions.</a>Both countries have denied that arms shipments are occurring.For its contribution, the new partnership has earned North Korea food and economic materials, and these have likely stabilized prices and boosted manufacturing. Data showed that industrial output expanded by 4.9%, notching a seven-year high.Growth was also spurred by easing COVID restrictions, improving trade with China, and good weather conditions, the bank official told reporters.The Bank of Korea highlighted increased trade volumes, which rose 74.6% in 2023 to $2.77 billion.<meta content="cms.next" name="cmsei" />

North Korea's economy is booming thanks to its arms trade with Russia

The mound burial system of the Ahom dynasty in Assam, Moidams was included in the UNESCO World Heritage List under the category of Cultural Property on Friday. The decision was taken during the ongoing 46th World Heritage Committee (WHC) session held in the national capital, Delhi. UNESCO will examine the proposals of 27 sites for inscription on the World Heritage List, the state of conservation of 124 sites already inscribed on the World Heritage List, and the List of World Heritage in Danger. The World Heritage Committee is one of the two bodies governing the Convention for the Protection of the World's Cultural and Natural Heritage. It is composed of the representatives of 21 states, elected from the 195 states parties to the Convention. In the ongoing session, from July 23 to July 25, the Committee will examine the state of conservation of the 124 sites already inscribed on the World Heritage List, 57 of which are also on the List of World Heritage in Danger. Similarly, from July 26 to July 29, the Committee will examine the dossiers of 27 sites proposed for inscription on the World Heritage List. The sites will be examined according to three categories. The three categories are natural, mixed, and cultural. Reacting to the news Assam Chief Minister Himmant Biswa Sharma said, "The Moidams make it to the UNESCO World Heritage list under the category Cultural Property. A great win for Assam. Thank You Prime Minister Narendra Modi ji, members of the UNESCO World Heritage Committee and the people of Assam." "The Moidams of Charaideo embody the deep spiritual belief, rich civilisational heritage and architectural prowess of Assam's Tai-Ahom community. Apart from the fact this announcement has been made from the soil of Bharat, its entry also stands out for 2 more reasons," he added in a post on X. "It is the first time a site from the North East has made it to the UNESCO World Heritage List under the Cultural Category. After Kaziranga and Manas National Parks, it is Assam's 3rd World Heritage Site. I urge all of you to come and experience Awesome Assam," he further said. The Moidams are the burial mounds of the Ahom kings, queens and nobles. The word Moidam is derived from the Tai word Phrang-Mai-Dam or Mai-Tam. Phrang-Mai means to put into the grave or to bury and Dam means the spirit of the dead. Though Moidams are found in all the districts of upper Assam, Charaideo, the first capital of the Ahoms was the necropolis of almost all the Ahom Royals. Charaideo is situated 28 km east of Sivasagar. The first king of the Ahoms Chau-lung Siu-ka-pha was buried at Charaideo after his death observing all the Tai-Ahom religious rites and rituals. <meta content="cms.next" name="cmsei" />

Moidams of Assam included in the UNESCO World Heritage List

As the world's fastest sprinters gather in Paris for the 2024 Summer Olympics, all eyes are on athletes like Sha’Carri Richardson, the reigning women’s 100m world champion. While Richardson prepares to blaze across the track, a somewhat unusual scientific question has surfaced: could she, with her blistering speed, actually run on water? To answer this, <a href="https://physicsworld.com/a/could-athletes-mimic-basilisk-lizards-and-turn-water-running-into-an-olympic-sport/">Nicole Sharp </a>delves into the world of the basilisk lizard, affectionately dubbed the “Jesus Christ lizard” for its miraculous ability to run across water. When a basilisk lizard is chased by a predator, it bolts across the water’s surface, performing a seemingly impossible feat. These lightweight reptiles use a “slap-stroke-recover” motion to create enough lift and propulsion to keep them skittering across the water without sinking. Biologists have discovered that the key to running on water is in the physics: the lizard’s feet slap the water hard and fast, creating pockets of air and pushing against the water with enough force to keep them from sinking. <div type="Article" hostid="261" msid="112005542" title="Paris Olympics 2024 opening ceremony – when is it, how to watch and all you need to know" mstype="2" mssubtype="0"></div>Inspired by these little aquatic acrobats, scientists have pondered whether humans could pull off a similar stunt. A model developed by Harvard researchers calculated that an average human, with an average foot size, would need to slap the water at nearly 30 metres per second to stay afloat. That’s about 15 times more power than the fastest human can sustain. But what if we bend the rules of gravity a teeny bit? A 2012 study by Italian physiologist Alberto Minetti tested this idea by simulating reduced gravity conditions with bungee harnesses and flippers. Under these conditions, participants could “run” on water at about 10% of Earth’s gravity, roughly the gravity on the Moon. <div type="Article" hostid="261" msid="112009818" title="From sunbeams to Olympic dreams: How a simple mirror creates the legendary Olympic flame" mstype="2" mssubtype="0"></div>So, what about Sha’Carri Richardson? Let’s take this thought experiment to Titan, Saturn’s largest moon. With a gravity only 13.8% of Earth’s, Titan’s ethane and methane lakes provide a curious setting. Richardson, at 45 kg and with her world-class sprinting ability, would need to slap the surface of Titan’s lakes at about 9 metres per second. Given her top speed of 9.3 metres per second during her gold-medal run in 2023, she’s theoretically capable of dashing across Titan’s liquid ethane lakes! While Sha’Carri Richardson won’t be running on water at the Paris Olympics, the science behind such a possibility offers a whimsical glimpse into the extraordinary capabilities of both nature and human imagination. So, as you watch her zoom across the track, remember: she might just have what it takes to walk on water — at least on Titan. <meta content="cms.next" name="cmsei" />

Scientists say Olympic athlete Sha’Carri Richardson could technically "walk" on water

<ul><li>Apple will reportedly make iPhone 16 Pro models in India this year.</li><li>Foxconn is expected to make the iPhone 16 Pro models at its facility in Sriperumbudur.</li><li>The iPhone 16 Pro models will reportedly be imported in the first few weeks.</li></ul> In a boost to Apple’s iPhone production in India, the Cupertino tech giant is set to manufacture the flagship models in its upcoming iPhone 16 lineup soon after its launch. Last year, Apple produced the<a href="https://www.businessinsider.in/tech/mobile/news/iphone-15-iphone-15-plus-with-usb-type-c-port-improved-cameras-launched-starting-at-799/articleshow/103615581.cms"> iPhone 15</a> in India and this was available from day one. Soon after this, the iPhone 15 Plus was produced in India by Pegatron. The<a href="https://www.businessinsider.in/tech/mobile/news/iphone-15-pro-pro-max-can-record-3d-videos-that-can-be-viewed-on-vision-pro-in-a-magical-way/articleshow/103616220.cms"> iPhone 15 Pro and iPhone 15 Pro Max</a> were imported in the country. According to a<a href="https://www.moneycontrol.com/technology/apple-to-make-iphone-16-pro-and-pro-max-models-in-india-this-year-sources-article-12779508.html"> report</a> by Moneycontrol, the iPhone 16 Pro models will also be produced in India this year. The iPhone 16 Pro models will reportedly be assembled by Apple’s partner Foxconn at its facility in Sriperumbudur, Tamil Nadu as part of the company’s plan to diversify production from China. "Every year, Apple seeks to deepen its manufacturing capabilities with partners in India. Production of Pro models is something that has been under consideration for the last couple of years. This year, Apple will manufacture the Pro and Pro Max models in India to make sure the India-assembled iPhone 16 Pro models are available in the country after the launch,” the report said, citing a source familiar with the matter. <h2>Initial devices to be imported</h2>As the iPhone 16 Pro models will be produced sometime after its launch, the initial devices will be imported, and this will cost Apple less this year as the Indian government has reduced the<a href="https://www.businessinsider.in/budget/news/budget-2024-customs-duty-on-mobile-phones-chargers-and-more-reduced/articleshow/111962490.cms"> basic customs duty (BCD)</a> on mobile phones as part of Budget 2024-25. The iPhone 16 is set to be made available on the first day of sales in India and it will be shortly followed by iPhone 16 Plus. <h2>Apple’s sales in India to grow by over 20% this year</h2>According to industry estimates, iPhone shipments are projected to increase by over 20% this year on the back of domestic manufacturing support and strong distribution. Apple saw robust sales of around $8 billion in the country in FY24, an increase of around 33% year-on-year. Apple shipped over 10 million iPhones in 2023 in India, up from 6 million in 2022. The company recorded a 6% market share in the Indian smartphone market in 2023. Experts have said that there is a definitive trend of Apple attracting many first-time users for its newly launched iPhones in India, alongside the strong sales of previous-generation devices. SEE ALSO: <a href="https://www.businessinsider.in/tech/mobile/news/pixel-9-series-design-and-specs-revealed-ahead-of-launch-next-month/articleshow/112039063.cms">Pixel 9 series design and specs revealed ahead of launch next month</a> <a href="https://www.businessinsider.in/budget/news/budget-2024-customs-duty-on-mobile-phones-chargers-and-more-reduced/articleshow/111962490.cms">Budget 2024 – Customs duty on mobile phones, chargers and more reduced</a> <a href="https://www.businessinsider.in/tech/mobile/news/oneplus-nord-4-with-metal-back-snapdragon-7-gen-3-launched-in-india-starting-at-32999/articleshow/111787031.cms">OnePlus Nord 4 with metal back, Snapdragon 7+ Gen 3 launched in India starting at ₹29,999</a> <meta content="cms.next" name="cmsei" />

Apple to manufacture iPhone 16 Pro models in India soon after launch

The Department for Promotion of Industry and Internal Trade (DPIIT) has recognised 1.40 lakh entities as startups as of June 30 this year, the parliament was informed on Friday. These startups are eligible for a host of incentives, including income tax benefits under the Startup India action plan, which was announced in 2016. The government, with the objective of building a strong ecosystem for nurturing innovation, startups and encouraging investments in the startup ecosystem of the country, had launched the Startup India initiative on 16th January 2016. "DPIIT has recognised 1,40,803 entities as startups as on 30th June 2024," Minister of State for Commerce and Industry Jitin Prasdada said in a written reply to the Rajya Sabha. Out of this, over 25,000 are recognised in Maharashtra. It is followed by Karnataka (15,019), Delhi (14,734), Uttar Pradesh (13,299) and Gujarat (11,436). The minister also informed in a different question that under the Startup India Seed Fund Scheme, Rs 90.52 crore was approved to startups by incubators as on June 30, as against Rs 186.19 crore in 2023. The total number of startups selected by the incubators under this scheme was 592 as against 1025 in 2023. Similarly, under Fund of Funds for Startups, Rs 805.86 crore was invested in the startups by supported AIFs (Alternate Investment Funds) as on June 30, as against Rs 3,366.48 crore in 2023. The total number of startups supported by the AIFs was 96 as on June 30 as against 148 last year. The minister added that under the Credit Guarantee Scheme for Startups, Rs 154.60 crore loan was guaranteed by the member institutions as on June 30 this year, as against Rs 271.49 crore in 2023. The total number of loans guaranteed to startup borrowers was 75 as on June 30, as against 107 last year. Replying to another question, the minister said over 5.7 lakh sellers and service providers on the Open Network for Digital Commerce (ONDC). ONDC, a section 8 company, is an initiative of the DPIIT. It is aimed at promoting open networks for all aspects of the exchange of goods and services over digital or electronic networks. Notably, ONDC is not an app or a platform but rather a digital public infrastructure, built on a network model. "ONDC has witnessed rapid expansion over a span of a year from 1,000 plus transactions in January 2023 to 9.9 million plus transactions in June 2024," he said adding that the network has 71 Seller applications, 22 buyer applications, and 16 logistics service providers.<meta content="cms.next" name="cmsei" />

DPIIT recognises 1.40 lakh entities as startups as on June 30, 2024

Bengaluru's pet owners have long faced challenges and odd requests from landlords and Resident Welfare Associations (RWAs). From hefty non-refundable deposits to restrictions on pet movement within residential areas, the city's pet-owning residents have had to navigate a complex web of regulations. However, a recent set of guidelines issued by the Bruhat Bengaluru Mahanagara Palike (BBMP) marks a significant shift in favour of pet owners. In response to mounting complaints from pet owners and caretakers, the BBMP introduced comprehensive guidelines for RWAs and apartment owners. These guidelines aim to address the management of community animals and protect pet owners from being forced to abandon their pets or comply with unreasonable restrictions. <h2>Key points from the BBMP's guidelines include:</h2>No bans on pets: RWAs and apartment owners are prohibited from banning pets within residential layouts, common areas, or lifts, provided they are on a leash. All citizens have an equal right to care for the environment and choose pets of their choice. Feeding community animals: Public institutions, educational facilities, tech parks, and similar establishments must arrange food and drinking water for street animals, placing them in safe locations on their premises. Scheduled pet walks: Associations must set schedules for pet walking in the mornings and evenings and report any unauthorised breeding centres to BBMP. Humane Treatment of Animals: Institutions are advised against using sticks or security personnel to chase away dogs and cats, as such actions are illegal. <div type="Article" hostid="261" msid="111981382" title="BBMP’s newest contest can earn you up to Rs 1 lakh for uploading &amp;#39;Dengue Warrior&amp;#39; reels on social media!" mstype="2" mssubtype="0"></div>To ensure the welfare of community animals and manage public safety, BBMP has also introduced rules for feeding animals in public spaces. Highlights include: <ul><li>No feeding between 11:30 PM and 5 AM</li><li>Discouraging raw meat and sugary biscuits to prevent hyperactivity in dogs.</li><li>Consistent feeding schedules to prevent restlessness and aggression.</li><li>Prohibition of leftover food on curbside to avoid rodent problems.</li><li>Avoiding feeding during high public density times to prevent aggressive behaviour.</li></ul> The movement to protect pet owners' rights in Bengaluru gained significant momentum with a <a href="https://www.change.org/p/strict-action-against-resident-apartment-associations-that-ban-pets">Change.org petition</a> started in 2017, which has since garnered over 40,000 signatures. The petition called for strict action against resident apartment associations that imposed bans on pets, highlighting the need for official intervention and standardised guidelines. <div type="Article" hostid="261" msid="111882948" title="Karnataka govt proposes to impose 2% cess on movie tickets, OTT subscription fees" mstype="2" mssubtype="0"></div>The new BBMP guidelines are a significant step forward in ensuring that pet owners in Bengaluru are treated fairly and that community animals are cared for humanely. By setting clear rules and protecting the rights of pet owners, the BBMP aims to create a more pet-friendly city where residents and animals can coexist harmoniously. <meta content="cms.next" name="cmsei" />

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Bengaluru landlords and associations cannot ban residents from having pets — here’s what the BBMP guidelines say

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