Quick notes: Brain-drain | Big fat churches...

• Brain-drain: A third of India's most sought after engineering graduates leave the country. Nine out of 10 top scorers in the annual joint entrance examination held nationally for admission to the IITs and other reputed engineering colleges have migrated. Up to 36% of the top 1,000 scorers, too, have taken this path.



• India to lose 6,500 millionaires in 2023: Dubai and Singapore remain preferred destinations for wealthy Indian families..‘Millionaires’ or ‘high-networth individuals’ (HNWIs) refer to those with investable wealth of $1 million or more.



• Germany's BIG FAT Churches: The two main churches have total assets worth about €300 billion with combined annual turnover of €150 billion. State payments are only a small part of church income in Germany, with taxes to the tune of €13 billion annually making up the bulk of it.
  
  In addition, there's a sizable amount of income from church assets about which the clergy keeps mum. The two churches are said to be the biggest landlords in Germany, owning forests, farmland and other real estate, as well as holding stakes in businesses such as publishing houses, breweries, banks and insurance companies.



• Biggest losers of AI boom are knowledge workers: The transformation will pile pressure on higher-wage knowledge workers whose activities “were previously considered to be relatively immune from automation,” according to McKinsey study.
  
  A few years ago, McKinsey had estimated that about half of worker hours worldwide were spent on tasks that could be automated. Now it’s raising the figure to as high as 60-70 per cent. Employees could find that their time is reallocated — or that their jobs disappear.



• EU Hits Google with Antitrust Charges: Google faces EU break-up order over anti-competitive adtech practices. Google may have to sell part of its adtech business.



• Chip slowdown: Top 10 foundries see revenue drop nearly 15% Year-over-Year.



• Nisargadatta: Change your world without trying to change others




• Organ donors: India has one of the world's lowest rates of organ donation. The current health system limits the health benefits of donated organs and allows private hospitals to profit without contributing much to the system.