DhananjayParkhe

Did you know…

Did you know…

… that today is Eat Outside Day? Celebrate the last day of August by taking your breakfast, lunch, or dinner into the great outdoors. It’s the perfect excuse for you to take in some fresh air and enjoy some much-needed relaxation time under the Sun. Have fun!

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Today’s Inspirational Quote:

“A good roast of sun, it slows you, lets you relax – and out here if there’s anything wrong, you can see it coming with bags of time to do what’s next. This is the place and the weather for peace, for the cultivation of a friendly mind.”

— A.L. Kennedy

DhananjayParkhe

Report: Uber investigated for FCPA offenses – The FCPA Blog 

Report: Uber investigated for FCPA offenses

The DOJ has taken “preliminary steps” to investigate if managers at Uber Technologies Inc. violated the Foreign Corrupt Practices Act, the Wall Street Journal said Tuesday.

The story cited as sources “people familiar with the matter” but didn’t name them.

Reporters Douglas MacMillan and Aruna Viswanatha said “an Uber spokesman confirmed the company is cooperating with the Justice Department on the preliminary investigation.”

The DOJ doesn’t comment on ongoing FCPA investigations and wouldn’t confirm or deny that Uber is a target.

The report said the DOJ “has begun to review allegations” that Uber violated the FCPA.

“Based on what it finds, the Justice Department may or may not decide to open a full-fledged FCPA investigation into Uber,” the WSJ said.

Uber’s board hired a new CEO, Dara Khosrowshahi from Expedia Inc., to lead the ride-hailing company. He starts work today.

Former CEO Travis Kalanick left the Silicon Valley start-up in June after eight years. Key shareholders accused him of creating a toxic corporate culture. Specific allegations included sexual harassment and discrimination and being overly aggressive toward law enforcement agencies.

The Wall Street Journal said Tuesday,

Under former Chief Executive Travis Kalanick, the eight-year-old company spread rapidly to more than 70 countries around the world in part by giving regional teams authority to adapt to local markets and expand as quickly as possible, sometimes flouting local laws.

The WSJ didn’t name countries where FCPA offenses might have occurred.

But is said Uber had violated transportation laws in South Korea and France. And in Singapore, local managers “bought more than 1,000 defective cars last year and rented them out to drivers, only fixing the safety defect after one of the cars caught on fire,” the WSJ said.

Separately, the DOJ has reportedly launched a criminal investigation into “Greyball” practices at Uber. Managers allegedly developed special software to identify law enforcement or other government officials and avoid giving them rides.

_____

Richard L. Cassin is the publisher and editor of the FCPA Blog.

Source: Report: Uber investigated for FCPA offenses – The FCPA Blog – The FCPA Blog

DhananjayParkhe

Joint Proposal by India & China in WTO on Aggregate Measurement of Support (AMS)

Press Information Bureau
Government of India
Ministry of Commerce & Industry
31-August-2017 12:55 IST
Joint Proposal by India & China in WTO on Aggregate Measurement of Support (AMS)

Recently (on 18 July 2017) India and China jointly submitted a proposal to the World Trade Organisation (WTO) calling for the elimination – by developed countries – of the most trade-distorting form of farm subsidies, known in WTO parlance as Aggregate Measurement of Support (AMS) or ‘Amber Box’ support as a prerequisite   for consideration of other reforms in domestic support negotiations.
This is an important proposal by India and China in view of the ongoing negotiations for the upcoming 11th Ministerial Conference of the WTO to be held in Buenos Aires in December 2017. It counters the efforts by some countries to target the subsidies of the developing countries while letting the developed countries retain their huge farm subsidies.
The joint paper reveals that developed countries, including the US, the EU and Canada, have been consistently providing trade-distorting subsidies to their farmers at levels much higher than the ceiling applicable to developing countries. Developed countries have more than 90% of global AMS entitlements amounting to nearly US$ 160 bn. Most of the developing countries, including India and China, do not have AMS entitlements.
Listing the most heavily and frequently subsidised products by the US, the EU and Canada since 1995, the paper calls for elimination of such subsidies. The numbers reveal that subsidies for many items provided by the developed world are over 50% and some even more that 100% of the value of production of the product concerned, while developing countries are forced to contain it within 10% of the value of production. In other words, while developed Members have access to huge amount of AMS beyond their de minimis (these are the minimal amounts of domestic support that are allowed even though they distort trade — up to 5% of the value of production for developed countries, 10% for developing.) in contrast most developing Members have access only to de minimis resulting in a major asymmetry in the rules on agricultural trade.
The paper illustrates the adverse effects of concentration of AMS on a few products, which no other proposal in the WTO addresses.  Elimination of AMS, India and China believe, should be the starting point of reforms rather than seeking reduction of subsidies by developing countries, some of which like India provide a subsistence amount of about US $ 260 per farmer per annum compared to over 100 times more in some developed countries.
MJPS

Source: Joint Proposal by India & China in WTO on Aggregate Measurement of Support (AMS)

DhananjayParkhe

Bitcoin: Here is how Indians are minting a fortune in bitcoins – The Economic Times

Several Indian online vendors as well as individuals are investing in crypto currency mining rig machines costing around Rs 3 lakh to mine crypto currencies.

Source: Bitcoin: Here is how Indians are minting a fortune in bitcoins – The Economic Times

DhananjayParkhe

The superpower that is China – Chris Skinner’s blog

I grew up with America as the dream. However, in the past two decades, China has become the second world superpower, whether the Americans like it or not. This is not me having a love thing for China. It’s just a fact. The Americans don’t like it. Google China as …

Source: The superpower that is China – Chris Skinner’s blog

DhananjayParkhe

14 VCs and angel investors (and counting) at TechSparks who can change the course of your startup destiny

If you’ve been struggling for the opportunity to make that right connection, look no further than TechSparks 2017.

Source: 14 VCs and angel investors (and counting) at TechSparks who can change the course of your startup destiny

DhananjayParkhe

Enhancing leadership: Mentoring and crises in the C-Suite – Good article I saw today

Enhancing leadership: Mentoring and crises in the C-Suit

The value of mentoring was noted in an article titled “Keep Learning One You Hit The CSuite” written by Boris Groysberg and published in the …
DhananjayParkhe

Did you know…

… that today is Just Because Day? Finally, you have a chance to do something for no reason. Feel free to celebrate this day any way you choose. Say something nice to someone, spin around in a circle, jump into a puddle, buy flowers for someone. Do something “just because”! 🙂

~~~

Today’s Inspirational Quote:

“If a train station is where a train stops, then what’s a workstation?”

— Author Unknown

DhananjayParkhe

QOTD

“A nod is as good as a wink to a blind horse.”
Unknown on Cliches and one-liners

 

“Art distills sensations and embodies it with enhanced meaning.”

“Idealism increases in direct proportion to one’s distance from the problem.”

 

“I don’t have a bank account because I don’t know my mother’s maiden name.”
DhananjayParkhe

Today’s Inspirational Quote:





“In life, you will realize there is a role for everyone you meet. Some will test you, some will use you, some will love you, and some will teach you. But the ones who are truly important are the ones who bring out the best in you. They are the rare and amazing people who remind you why it’s worth it.”

— Author Unknown

DhananjayParkhe

right to privacy: Privacy a fundamental right subject to reasonable restrictions: Government | India News – Times of India

Privacy a fundamental right subject to reasonable restrictions: Government

TIMESOFINDIA.COM | Updated: Aug 24, 2017, 04:47 PM IST

HIGHLIGHTS

  • Right to privacy is not an absolute right, it has limitations that need to be identified on case-to-case basis: RS Prasad quoting SC judgment
  • Government has always been of view that privacy should be an inalienable right of individuals: RS Prasad

Union Law minister Ravi Shankar Prasad (Image courtesy: Twitter/@BJP4India)

Privacy a fundamental right subject to reasonable restrictions: Government

NEW DELHI: The government on Thursday welcomed the Supreme Court‘s unanimous decision to declare individual privacy a fundamental right, but said it should be subject to “reasonable restrictions”, like every other right guaranteed under the Constitution.

“We welcome the verdict of the Supreme Court on right to privacy. Privacy should be a fundamental right subject to reasonable restrictions,” Union Law minister Ravi Shankar Prasad told mediapersons at a press conference.

Reading the apex court’s verdict, the law minister highlighted the right to privacy is not an absolute right and that it has limitations, that need to be identified on case-to-case basis.

“Right to privacy… is not an absolute right and is subject to certain reasonable restrictions which the State is entitled to impose on the basis of social, moral and compelling public interest in accordance with law,” Prasad said, quoting from the judgment penned by Justice Abhay Manohar Sapre.

He said that contrary to allegations by the Opposition, the government has always been of view, particularly with regard to Aadhar, that privacy should be an inalienable right of individuals.

“Government has formed a high-powered committee for data protection, which the SC has noted. On behalf of the Centre, the Attorney General also argued that Right to privacy is a part of Fundamental Rights, with reasonable restrictions,” Ravi Shankar Prasad added.

“SC clearly acknowledges need for a robust data regime to balance sensitive concerns between individual interest and state interest,” he said.

He then went on the offensive against opposition parties, who while hailing the apex court’s ruling had also attacked the NDA government for attempting to curtail the privacy of citizens through schemes like Aadhaar.

“Since morning, Congress is targeting us and Left has also joined them. What has been the record of the Congress in protecting individual liberties was seen during Emergency,” the union minister pointed out.

Taking a dig at Rahul Gandhi’s observation that the top court’s ruling was “a major blow to fascist forces”, Prasad said the Congress vice-president had a habit of speaking without doing his homework.

“Aadhaar during UPA regime had no protection of law. We made Aadhaar law and provided legal framework for protection of data,” the union minister claimed.

A nine-judge Constitution bench headed by Chief Justice J S Khehar ruled that the right was “an intrinsic part of the Right to Life and Personal Liberty under Article 21 and the entire Part III of the Constitution”. The government had argued thatprivacy was not a fundamental right protected by the constitution.

The ruling comes against the backdrop of a large multi-party case against the mandatory use of Aadhaar as an infringement of privacy.

Click here to watch the video

Source: right to privacy: Privacy a fundamental right subject to reasonable restrictions: Government | India News – Times of India

DhananjayParkhe

New Rs 200 banknote ready to be released next month

New Rs 200 banknote ready to be released next month

New Rs 200 banknote ready to be released next month

RBI plans to boost its cash reservoir by pumping the new Rs 200 notes into the system.

After Rs 2000 notes, get ready for Rs 200 note in your wallet. Top level sources from the North Block have confirmed to India Today that the Reserve Bank of India will be releasing the new lower denomination note as soon as next month.

“We have already started printing of the first batch of 200 rupee note in June. It takes 21 days for the printing process to complete. So we are on track to meet the deadline to introduce 200 rupee note by next month,” said a top level source who is part of the Investment and Currency department of the government.

Interestingly, latest RBI data suggests that out of Rs 15 lakh worth of currency taken out of circulation almost Rs 14.5 lakh crore is back in circulation as of June this year. But as per an SBI report, cash with banks has declined to 5.4 per cent of the currency in circulation from 23.19 per cent pre-demonetisation. With 200 notes pumped in the system, the cash reservoir will be boosted.

“We are operating full capacity for 500 rupee note production. When 200 rupee note will be introduced it will ease out currency availability,” said a top official from the finance ministry.

It was in March when the finance ministry took the decision to print the lower denomination 200 rupee notes. Currently, two RBI printing press under Bharatiya Reserve Bank Note Mudran Private Limited from Mysuru and Salboni are printing it. RBI has decided to add an additional security layer to the new currency to check counterfeit. Quality checks have already been done on the new currency.

As lower denomination notes is floated to ease transaction, the government is also preparing the gradual decline of 2000 rupee currency note which was introduced last year.

Source: New Rs 200 banknote ready to be released next month

DhananjayParkhe

HR Headlines courtesy: naukri.com

Mr. Vishal Sikka quits as Infosys CEO, cites ‘continuous distractions’
Infosys Ltd said Mr. Vishal Sikka has resigned as managing director and chief executive of the company with immediate effect. Mr. UB Pravin Rao has been appointed as interim-managing director and chief executive, India’s no. 2 software services exporter said in a statement. Infosys said succession plan for appointment of new managing director and chief executive officer operationalised by board; a search for same has commenced. The company said it has appointed Mr. Vishal Sikka as the executive vice-chairman. Mr. Sikka cited among his reasons for leaving “a continuous stream of distractions and disruptions” in recent months, quarters, the company said. It said Mr. Sikka will receive an annual salary of $1 during his tenure as executive vice chairman.
Source : 18-08-17   Hindustantimes.com   Compiled by www.naukri.com

These tech firms are on a hiring spree and slamming slowdown fears
Slowdown news in the tech sector is haunting job seekers but there are few tech MNCs that are slamming all them. Several MNCs are on a hiring spree and looking for hundreds and even thousands of people at various locations. Slamming the slowdown fears are the companies such as Accenture, Capgemini, Oracle, IBM, Goldman Sachs, etc. For instance, Accenture is hiring 5,396 people in India and Capgemini has 2,649 job openings in the country. Likewise, Oracle is looking to hire 1,124 people in India, Amazon is looking for tech experts for various divisions, IBM has 675 open positions and Dell is looking to get 285 people on board. The job openings come as a relief for job seekers as many IT companies saw their headcount go down. “If a company wants to hire 1,000 people in a quarter for things like data analytics, India is the only place where you will find people available at that kind of scale, and it will remain so,” said Mr. Sandeep Mathur, former Oracle India managing director. MNCs, he said, had long stopped coming to India for cost. “They need people to address their growth challenges and even automation codes have to be written by humans.”
Source : 17-08-17   Businessinsider.in   Compiled by www.naukri.com

DGCA confirms it: Now, pilots will have to serve one-year notice period
Overruling objections from pilots, the Directorate General of Civil Aviation has increased the notice period of commanders to one year from six months earlier. Co-pilots will continue to serve six months’ notice period. The civil aviation regulator issued new regulations today citing public interest. The DGCA said pilots were quitting jobs without notice leading to last minute cancellations and inconvenience to customers. With the finalisation of the rule the DGCA and pilots are headed for another showdown. Pilots are set to challenge the regulation afresh arguing that the notice period is a contractual issue between them and their employer and the regulator had no role in it. In June, protests over draft proposal, mooted in May, to increase notice period had turned ugly leading to police complaint against few pilots. The Indian Pilots Guild and National Aviatiors Guild had jointly filed a writ petition against draft proposal in the Bombay High Court. But the court refused to hear plea calling it premature. The unions have said that even with six months’ notice, it is “exceptionally difficult for pilots to obtain fresh employment”, as other airlines are not willing to wait for such a long period and that extension from six months to a year is unreasonable and unjust. “With a one-year notice period it will be virtually impossible for a pilot to leave one employment and join another and will be tantamount to forced labour,” the petition said. Pilots have claimed that the move has been initiated by the DGCA at the behest of airlines which want to cut wage bills and maximise profits.
Source : 17-08-17   Business-standard.com   Compiled by www.naukri.com

Uber hires ex-Goldman banker to fire up its Asian business
Uber Technologies Inc. is hiring Goldman Sachs Group Inc.’s former chairman for Southeast Asia to lead the development of its business from Japan to Singapore. Mr. Brooks Entwistle, who announced his retirement in 2012 after two decades at the U.S. investment bank, will become Uber’s chief business officer in the Asia Pacific and a key member of the ride-hailing giant’s regional leadership. His responsibilities will include forging partnerships and autonomous vehicle alliances across the region, excluding India. He’s joining Uber from Everstone Group, a private equity and real estate firm with offices in India and Singapore, where he served as chief executive officer. Uber is hiring an American financier with deep Asian experience as well-funded local rivals undermine its business. Didi Chuxing drove Uber out of China last year and Grab — now its fiercest regional rival — raised $2 billion last month from Didi and SoftBank Group Corp. in what was the largest-ever venture funding in Southeast Asia. Uber’s rapid expansion across the region has also spurred clashes with local governments including in the Philippines, where it’s fighting a government-imposed suspension. “Uber is a once-in-a-generation company,’’ he said in an interview in Singapore, adding that the conversation to join Uber started in earnest in April. “I wouldn’t have joined if I didn’t see there was a huge opportunity.’’ The world’s most valuable startup remains a strong contender in more than 100 cities across 18 Asian countries. Mr. Entwistle, a mountaineer who’s reached the summit of Everest, joined Goldman in 1989 as an analyst. Before leaving in 2012, he’d set up the investment bank’s India business in 2006 and remained country head until early 2011.
Source : 17-08-17   Financialexpress.com   Compiled by www.naukri.com

7th Pay Commission: Retired government employees to get more constant attendant allowance
The constant attendant allowance given to a retired government employee has increased to Rs6, 750 per month from the existing Rs4, 500, states an official order issued recently. The move to increase the allowance comes after the recommendation of the 7th Pay Commission. The allowance is sanctioned if, in the opinion of a competent medical authority, a 100% disabled retired employee needs the services of a constant attendant for at least three months. Accordingly, the allowance has been hiked from Rs4, 500 to Rs6, 750 per month, said the order issued by the Ministry of Personnel, Public Grievances and Pensions. The order will be applicable from 1 July 2017, it said. The constant attendant allowance is paid in addition to the disability pension.
Source : 16-08-17   Livemint.com   Compiled by www.naukri.com

SBI cuts staff by at least 6,000; will redeploy 10,000 employees
The State Bank of India cut down its staff by at least 6,000 from 2.80 lakh to 2.73 lakh in Q1 of FY18. The exits were due to retirements and voluntary retirement scheme. SBI, now, wants to redeploy more than 10,000 employees keeping merger with associate banks and also digitisation in mind. The restructuring comes after the big merger. So far, SBI has merged 594 branches and rationalised 122 administrative offices. This in itself is expected to result in savings of over Rs 1,160 crore annually. As a part of re-deployment, SBI will have staff in government service branches. Around 30% of the staff of rationalised branches will be redeployed in sales functions. The bank has introduced a new employee appraisal system where performers will receive financial incentives. Also, SBI hired just 625 staff members in the first quarter. The bank is recruiting specialists for digital space and marketing though not in large numbers.
Source : 14-08-17   Businessinsider.in   Compiled by www.naukri.com

Nomura India’s Mr. Neeraj Gambhir in race for RBI deputy governor post
Private sector banker Mr. Neeraj Gambhir of Nomura India is in fray for the role of Deputy Governor of Reserve Bank of India. This is the first instance of both a private sector employee and a foreign banker being shortlisted for the post of the Reserve Bank’s Deputy Governor. RBI has four deputy governors including two officers from the central bank itself and two others – an economist, and a commercial bank chief – from other public sector banks. The position, reserved so far for public sector bankers, was vacated after one of the deputy governors’, Mr. SS Mundra, retired last month. However, the government recently moved a Cabinet note suggesting the list of potential candidate for the post should include persons with wide banking experience of about 15 years at a top level in any bank. Considering the space captured by public sector banking in credit has narrowed significantly over the last few years from 100 percent in the 1990s to 70 percent in 2013 to about 65 percent now, and the rapidity with which private sector banks have lapped up the space, it only seems fair that private sector bankers are allowed to participate in the race to the central bank. Mr. Gambhir has been heading the fixed income business at Nomura India since October 2008. He moved to the Japanese financial major Nomura from Lehman Brothers in 2008, and has nearly 14 years of experience in Indian fixed income, currency and derivative markets. He has also served as a director at the Clearing Corp. of India.
Source : 16-08-17   Moneycontrol.com   Compiled by www.naukri.com

Tata Motors appoints Mr. PB Balaji as CFO
Tata Motors, India biggest automobile company, has appointed Mr. PB Balaji as its new group chief financial officer (CFO) who will take over the reins from Mr. CR Ramakrishnan. Mr. Balaji, who will take over from November this year, has been working with Hindustan Unilever as its CFO since 2014. He started his career with Unilever in 1995. Mr. Ramakrishnan who is set to retire next month will be the second high-profile exit in Tata Motors separated by a few months. Executive director (commercial vehicles) Mr. Ravi Pisharody quit the company in June. Mr. N Chandrasekaran, Chairman, Tata Motors said, “Balaji’s deep knowledge in all areas across finance and his global experience will be very valuable for the Tata Motors Group. He will be a great addition to the management team.” Mr. Balaji’s appointment comes at a time when Tata Motors is battling market share loss in commercial vehicles and competitive pressures in passenger vehicles. Tata Motors has decide to focus solely on returning to profitability (at the stand-alone level) and improving market share in both categories. The company has shelved and postponed a few projects which it believed were cash guzzlers and not in line to achieve the desired objectives. “Tata Motors is delighted to welcome Mr. PB Balaji as the new CFO for the Tata Motors Group. He will play a very important role in our transformation journey and help us in our renewed focus on topline, market share growth, major cost reduction initiatives and efficiency improvements to deliver better financial performance and profitability in the future,” said Mr. Guenter Butschek, Chief Executive Officer & Managing Director, Tata Motors.
Source : 14-08-17   Moneycontrol.com   Compiled by www.naukri.com

Merging ops; no lay-off at Lucknow centre: TCS
Against the backdrop of uncertainty over continuation of its Lucknow development centre, Tata Consultancy Services (TCS) has told the Uttar Pradesh government that it is not retrenching any staffers but is consolidating the operations to a bigger centre in Noida. A TCS team led by Mr. Rajesh Gopinathan, managing director, called on Chief Minister Mr. Yogi Adityanath. This was after the Lucknow employees had appealed to the CM to intervene and get the company to keep the local unit alive. The delegation gave a presentation to the CM and top officials and explained that, in line with a business plan, the company was consolidating its operations and discontinuing with smaller units for economy of scale. The government’s additional chief secretary for planning and information technology and electronics, Mr. Sanjiv Saran, was present in the meeting. Mr. Gopinath said the company was expanding its existing Noida operations, currently supporting 15,000 people, to accommodate between 25,000 and 40,000 staffers in the near future. “The TCS officials said until the Noida capacity was enhanced, the Lucknow centre would continue to operate. Once the Noida integrated facility gets ready in another one to two years, the staff would be given the option to relocate,” said Mr. Saran. TCS has been functioning in the state capital for 33 years. It was among the first IT majors to set foot in UP. Last month, it had denied suggestions of prospective job losses in view of the company closing down its Lucknow centre, underlining it was only consolidating into larger centres, including in Chennai. The company said it would continue to hire in UP.
Source : 14-08-17   Business-standard.com   Compiled by www.naukri.com

IIT-KGP students get more than 100 pre-placement offers at start of semester
IIT Kharagpur students have got 118 pre-placement offers (PPOs) from top companies at the start of the semester. Microsoft and Wipro made the highest number of offers at 14, while Qualcomm has made 13 offers, Samsung at 12 and Texas Instruments at 11, professor in-charge of Career Development Centre at IITKGP Prof Debasis Deb said. Offers have also been received from ITC, Unilever and several more companies, both in core and non-core areas such as finance, software, analytics and consultancy. “This is a great start for the placement season. PPOs generally constitute about 15% of the total number of placements and many more offers are in the pipeline as the semester progresses,” Mr. Deb said. Students from the premier technology and engineering institute had undergone compulsory summer internship as part of the curriculum during May and June. Students got placed across all departments — computer science engineering, electrical engineering, electronics and electrical communications engineering, mechanical engineering, chemical engineering, humanities and social sciences (Economics) and others. ”We are approaching several new companies along with those who have visited us earlier and many have responded already. We are expecting 250 companies to visit us for placement in December,” Prof Deb said.
Source : 13-08-17   Hindustantimes.com   Compiled by www.naukri.com

Soon, your PF account will be transferred automatically when you shift jobs
Starting next month, your provident fund (PF) account will be transferred automatically when you change your job. Speaking to the national daily, Chief Provident Fund Commissioner Mr. V P Joy said: “We are trying to ensure transfer of money if one changes jobs, without any application, in three days. In future, if one has an Aadhaar ID and has verified the ID, then the account will be transferred without any application if the worker goes anywhere in the country. This system will be in place very soon.” According to the report, Mr. Joy said that people closing their PF accounts prematurely was one of the main challenges faced by the Employees’ Provident Fund Organisation (EPFO). Therefore, the EPFO is trying to address this challenge by improving services, and the automatic transfer of PF account at the time of a change in place of employment is one such measure, Mr. Joy said. “Now we have made Aadhaar compulsory for enrolment. We don’t want accounts to be closed. The PF account is the permanent account. The worker can retain the same account for social security,” Mr. Joy said.
Source : 11-08-17   Business-standard.com   Compiled by www.naukri.com

Amazon India hiring over 1,000 people in a push to R&D and AI
Amid job cuts in the IT industry there is still a glimmer of hope for software professionals. Amazon India is looking to recruit over 1,000 people, most of the offers being for software engineers. The hires will look after the cloud computing division, automation, research and development (R&D) for the company’s various arms—Amazon.com, Amazon.in, the devices business like Kindle and Amazon Web Services (AWS). The jobs are open for Amazon’s Bengaluru, Mumbai, Delhi, Pune, Hyderabad, and Chennai offices. The e-commerce giant has around 50,000 employees in the country and close to 3.5 lakh worldwide. Amazon’s strength of employees in India is second only to the US where it is headquartered. The jobs are open for Amazon’s Bengaluru, Mumbai, Delhi, Pune, Hyderabad, and Chennai offices. The e-commerce giant has around 50,000 employees in the country and close to 3.5 lakh worldwide. Amazon’s strength of employees in India is second only to the US where it is headquartered. The company said that the number of people it is hiring is limited only by the talent pool in the sectors it requires. The kind of talent the company is after are research scientists, data analytics, natural language processing, artificial intelligence machine learning and Android developers. The list is not exhaustive as the company said it is going to hire as many employees as possible.
Source : 11-08-17   Moneycontrol.com   Compiled by www.naukri.com

Sebi approves six-month extension for NCDEX MD Mr. Samir Shah
Markets regulator Sebi has given nod for extension of Mr. Samir Shah’s tenure as NCDEX CEO and MD for six months even as advertisement has been issued by the commodity bourse for selection of a new candidate. Mr. Shah was appointed in 2013 as per the regulatory framework of erstwhile Forward Markets Commission (FMC) for three years till 2016. Later, his tenure was extended for a year till August 20, 2017. “The Sebi has extended the tenure for only six months and not two years because the regulator wanted the Board to ratify my appointment through a transparent Sebi-approved selection process,” Mr. Shah told PTI. The board had last year extended Mr. Shah’s tenure for three years. However, following suspected manipulation case in castor seed futures, the NCDEX board had imposed conditions on the remaining tenure of two years. “The castor seed issue has got resolved. If the Board can reselect, it (Sebi) would be happy to approve the remaining two years,” Mr. Shah said. Meanwhile, NCDEX has started the selection process for new MD/CEO and sought applications from eligible candidates by August 28. Mr. Shah is eligible to re-apply.
Source : 16-08-17   Financialexpress.com   Compiled by www.naukri.com

India’s ‘ailing’ telecom sector will generate 30 lakh jobs by 2018: report
A study conducted by Assocham-KPMG has found out that India’s ‘ailing’ telecom sector will generate as many as 30 lakh new jobs on the back of deeper penetration of smartphones, arrival of latest technologies and advent of new players in the segment. Dirt cheap mobile internet coupled with attractive data packs and spread of digital wallet providers are spurring the demand for use of technology, thus making room for more job creation activities in the sector. “Emerging technologies such as 5G, M2M and the evolution of Information and Communications Technology (ICT) are expected to create employment avenues for almost 8,70,000 individuals by 2021,”. India’s telecom sector is facing a whopping Rs 4.6 lakh crore of debt. In June, the Inter Ministerial Group formed to take stock of the situation started talks with banks and telecom companies to find a way out of the distress. The financial mess, telecom companies allege, was result of dirt cheap services provided by a new entrant to telecom industry. According to reports, telecom subscriber base in India has grown by 0.5 per cent to cross 121 crore users, of which, mobile subscribers form major chunk with addition of new 60 lakh subscribers by June-end. Bharti Airtel, Vodafone, Idea Cellular are three big segment players respectively.
Source : 17-08-17   Deccanchronicle.com   Compiled by www.naukri.com

India Inc calls for strengthening policy reforms, job creation
Lauding the government’s efforts to deal with corruption and black money, industry chamber CII called for strengthening policy reforms, including a new industrial policy, creating jobs and empowering women at the workplace. It said Prime Minister Mr. Narendra Modi, in his Independence Day speech from the ramparts of the Red Fort, has “outlined a vision of a secure, prosperous and capable nation by 2022”. “While welcoming lower inflation and downward interest rate cycle, CII called for strengthening policy reforms including a new industrial policy, entrepreneurship and employment creation, and empowerment of women in the workforce,” the industry body said in a statement. CII President Ms. Shobana Kamineni said, “The development task to 2022 is challenging and will require strong policy action across multiple economic and social sectors. The government has made a significant beginning, and all of us will need to put our hands together to move the needle of development.” “The Prime Minister has outlined a vision of a secure, prosperous and capable nation by 2022, driven by the collective power of 125 crore citizens of India,” she said.
Source : 15-08-17   Indianexpress.com   Compiled by www.naukri.com
Motivation
Book Cover
Dhananjaya Parkhe  Presents his collection of Poems titled as “Corporate Bard Writes”.  

The Corporate Bard was a Title given to him by his colleagues in late 70’s when he was contributing to the Company InHouse Journals as Writer and Poet and later as Editor.

A collection of Poems by Dhananjaya Parkhe

Dhananjaya was named as “Corporate Bard” as he began publishing articles and short Poems in College and House Journals – for some of them he was the Editor or member of the Editorial Board.  He published some of them in his part-time Journalist stints while still studying in College.  Later few of them appeared on poetry.com

where he has attained the Distinguished Poet status.I hope these inspire the Young, budding, amateur, hobby poets as also the C-Level and C-Level aspirant Executives to pursue their hobbies.  I realized that I have stored these Poems in my old diaries – some written in Pencil, Some in Ink and I must share them with anyone who finds them useful.

The Graphics accompanying the Poems are my own and are used only to mean that Age is no bar to a pursuit of your hobbies.  I pursued Poetry from the young age of 16 while restarted my Drawing and Paintings hobby at 61!

DhananjayParkhe

Corporate bard Writes

Book Cover
Dhananjaya Parkhe  Presents his collection of Poems titled as “Corporate Bard Writes”.  

The Corporate Bard was a Title given to him by his colleagues in late 70’s when he was contributing to the Company InHouse Journals as Writer and Poet and later as Editor.

A collection of Poems by Dhananjaya Parkhe

Dhananjaya was named as “Corporate Bard” as he began publishing articles and short Poems in College and House Journals – for some of them he was the Editor or member of the Editorial Board.  He published some of them in his part-time Journalist stints while still studying in College.  Later few of them appeared on poetry.com

where he has attained the Distinguished Poet status.I hope these inspire the Young, budding, amateur, hobby poets as also the C-Level and C-Level aspirant Executives to pursue their hobbies.  I realized that I have stored these Poems in my old diaries – some written in Pencil, Some in Ink and I must share them with anyone who finds them useful.

The Graphics accompanying the Poems are my own and are used only to mean that Age is no bar to a pursuit of your hobbies.  I pursued Poetry from the young age of 16 while restarted my Drawing and Paintings hobby at 61!

DhananjayParkhe

Dhananjaya Parkhe has a new book! 

Dhananjaya Parkhe  Presents his collection of Poems titled as “Corporate Bard Writes”.  The Corporate Bard was a Title given to him by his colleagues in late 70’s when he was contributing to the Company InHouse Journals as Writer and Poet and later as Editor.A collection of Poems by Dhananjaya Parkhe Dhananjaya was named as “Corporate Bard” as he began publishing articles and short Poems in College and House Journals – for some of them he was the Editor or member of the Editorial Board.  He published some of them in his part-time Journalist stints while still studying in College.  Later few of them appeared on poetry.com  where he has attained the Distinguished Poet status.   I hope these inspire the Young, budding, amateur, hobby poets as also the C-Level and C-Level aspirant Executives to pursue their hobbies.  I realized that I have stored these Poems in my old diaries – some written in Pencil, Some in Ink and I must share them with anyone who finds them useful.The Graphics accompanying the Poems are my own and are used only to mean that Age is no bar to a pursuit of your hobbies.  I pursued Poetry from the young age of 16 while restarted my Drawing and Paintings hobby at 61! ​​

Source: Dhananjaya Parkhe has a new book! via Books2Read.

DhananjayParkhe

Updates on my books publication.

Kobo – Published

on August 16, 2017, 7:21 AM

Scribd – Published

on August 16, 2017, 7:30 AM

Inktera – Published

on August 16, 2017, 8:25 AM

Barnes & Noble – Published

on August 16, 2017, 7:53 AM

Kobo – Published

on August 16, 2017, 7:22 AM

Scribd – Published

on August 16, 2017, 7:31 AM

Apple – Published

on August 16, 2017, 9:01 AM

Inktera – Published

on August 16, 2017, 8:25 AM

Barnes & Noble – Published

on August 16, 2017, 7:53 AM

Kobo – Published

on August 16, 2017, 7:21 AM

Scribd – Published

on August 16, 2017, 7:31 AM

Apple – Published

on August 16, 2017, 9:04 AM

Inktera – Published

on August 16, 2017, 8:25 AM

Barnes & Noble – Published

on August 16, 2017, 7:53 AM

Store updates for C-Suite Mentoring Part 1

:

Kobo – Published

on August 16, 2017, 7:21 AM

Scribd – Published

on August 16, 2017, 7:31 AM

Inktera – Published

on August 16, 2017, 8:25 AM

Barnes & Noble – Published

on August 16, 2017, 7:53 AM

Kobo – Published

on August 16, 2017, 7:21 AM

Scribd – Published

on August 16, 2017, 7:30 AM

Inktera – Published

on August 16, 2017, 8:25 AM

Apple – Published

on August 16, 2017, 9:06 AM

Barnes & Noble – Published

on August 16, 2017, 7:49 AM

Store updates for Corporate Bard Writes

:

Barnes & Noble – Published

on August 16, 2017, 2:55 PM

Store updates for Corporate Bard Writes

:

Apple – Published

on August 16, 2017, 4:12 PM

Store updates for Corporate Bard Writes

:

Kobo – Published

on August 16, 2017, 4:17 PM

DhananjayParkhe

What the Intel Leaks Are Telling Us About North Korea’s Nukes – POLITICO Magazine

Kim Jong Un’s nuclear weapons and missile programs have passed the point of no return. That makes Trump’s threats of preventative war a fantasy.

Source: What the Intel Leaks Are Telling Us About North Korea’s Nukes – POLITICO Magazine

DhananjayParkhe

Where did Vishal Sikka go wrong? | Raja Jamalamadaka | Pulse | LinkedIn

“Culture eats strategy for breakfast every day”. 

Source: Where did Vishal Sikka go wrong? | Raja Jamalamadaka | Pulse | LinkedIn

IMHO, in both Tata and Infosys cases it seemed like a Search for the Prodigal son against Home grown Timber ( In House CEO groomed) which found worthy Sons.  But, the Worthy sons came into their adulthood very soon and threw away the YOKE of the Prodigal fathers ( founders)  and began to play the game their own way !.  Obviously, the Fathers who expected to run the business by proxy with outsider – prodigal sons felt miserable and a strife resulted.  The Indian mind’s machinations and politics are well known and the Paid media plays in the hands of the best paying party to hype up the things.  The Stock market pays heed to the media hype and many Good Heads have been be-headed in India with this “Strategic Role-Play”  especially in Family businesses.

If the Corporate Governance is weak there are remedies:

A. Fire the Independent Directors and the Compliance Head.

B. Approach the Regulator SEBI pro-actively and begin steps to get the house in order.

If there is an issue of Due Diligence in a M&A Deal – Sack the Team responsible and being Internal and External probe/ fraud investigation/ Integrity investigation.  If there is truth in the whistleblower allegations – Go to the SFIO of the Government and request support in International probe.

But if the issue is Ego and Proxy / Prodigal Son “Not listening ” to the Founders’ Voice having found His Own – Indian style of Management is to demolish the man – and that is very sad.  It shows clearly that there is no EXCELLENCE in such highly regarded groups with no clear succession plans/ proxy independent directors who suck their thumbs and vote at the command of those who appointed them and forget their duty towards minority shareholders and Good Governance.

I just wish the Sad Saga ends as it can kill big businesses, especially family businesses in India as the epidemic is seen spreading fast.

DhananjayParkhe

Vishal Sikka: 800-plus flying hours, upset founders and little time: The tragedy of Vishal Sikka

It is very typical of Indian businessmen, especially Family Business heads to “LET GO”.  Even in a Public LImited company where the Founders supposedly RETIRE and then actively campaign against the Chief of the Executive.

We have seen two live examples in the recent past with Ratan Tata coming back from retirement to remove Cyrus Mistry as Chairman and then going Legal.

In Infosys’s case it is the Activist Founder Narayan Murthy who is unable to LET GO and has been openly washing dirty linen in public which does not augur well for the Corporate.

Wonder when people will realise that they do not have Pockets in the Coffin and they have to learn to LET GO !

Governance and Minority shareholder interest is something dear to my heart as I have learnt the role of an Independent Director.  The SEBI as regulator does its job well as does the SFIO in a case of irregularities swiftly and deftly.  The undue activism I have read about in the newspapers and websites in Infosys case appears to be more ‘Personal’ and Ëgo battle”.

Now that it has reached its end, hopefully we shall see Less sackings, Less Bench Strength, Less Cash burn, Less wastage – More benefit to the shareholders and minority shareholder interests.  Hope that the SHRINK waste to GROW Profit applies

I just wish that the Founders learn to LET GO – seriously !.

The CEO said he took 99 commercial and 17 private flights in 2016, amounting to 800-plus flying hours. He blamed his fading mirth on the constant travel.

Source: Vishal Sikka: 800-plus flying hours, upset founders and little time: The tragedy of Vishal Sikka

DhananjayParkhe

HR Headlines courtesy: naukri.com

Mr. Vishal Sikka quits as Infosys CEO, cites ‘continuous distractions’
Infosys Ltd said Mr. Vishal Sikka has resigned as managing director and chief executive of the company with immediate effect. Mr. UB Pravin Rao has been appointed as interim-managing director and chief executive, India’s no. 2 software services exporter said in a statement. Infosys said succession plan for appointment of new managing director and chief executive officer operationalised by board; a search for same has commenced. The company said it has appointed Mr. Vishal Sikka as the executive vice-chairman. Mr. Sikka cited among his reasons for leaving “a continuous stream of distractions and disruptions” in recent months, quarters, the company said. It said Mr. Sikka will receive an annual salary of $1 during his tenure as executive vice chairman.
Source : 18-08-17   Hindustantimes.com   Compiled by www.naukri.com

These tech firms are on a hiring spree and slamming slowdown fears
Slowdown news in the tech sector is haunting job seekers but there are few tech MNCs that are slamming all them. Several MNCs are on a hiring spree and looking for hundreds and even thousands of people at various locations. Slamming the slowdown fears are the companies such as Accenture, Capgemini, Oracle, IBM, Goldman Sachs, etc. For instance, Accenture is hiring 5,396 people in India and Capgemini has 2,649 job openings in the country. Likewise, Oracle is looking to hire 1,124 people in India, Amazon is looking for tech experts for various divisions, IBM has 675 open positions and Dell is looking to get 285 people on board. The job openings come as a relief for job seekers as many IT companies saw their headcount go down. “If a company wants to hire 1,000 people in a quarter for things like data analytics, India is the only place where you will find people available at that kind of scale, and it will remain so,” said Mr. Sandeep Mathur, former Oracle India managing director. MNCs, he said, had long stopped coming to India for cost. “They need people to address their growth challenges and even automation codes have to be written by humans.”
Source : 17-08-17   Businessinsider.in   Compiled by www.naukri.com

DGCA confirms it: Now, pilots will have to serve one-year notice period
Overruling objections from pilots, the Directorate General of Civil Aviation has increased the notice period of commanders to one year from six months earlier. Co-pilots will continue to serve six months’ notice period. The civil aviation regulator issued new regulations today citing public interest. The DGCA said pilots were quitting jobs without notice leading to last minute cancellations and inconvenience to customers. With the finalisation of the rule the DGCA and pilots are headed for another showdown. Pilots are set to challenge the regulation afresh arguing that the notice period is a contractual issue between them and their employer and the regulator had no role in it. In June, protests over draft proposal, mooted in May, to increase notice period had turned ugly leading to police complaint against few pilots. The Indian Pilots Guild and National Aviatiors Guild had jointly filed a writ petition against draft proposal in the Bombay High Court. But the court refused to hear plea calling it premature. The unions have said that even with six months’ notice, it is “exceptionally difficult for pilots to obtain fresh employment”, as other airlines are not willing to wait for such a long period and that extension from six months to a year is unreasonable and unjust. “With a one-year notice period it will be virtually impossible for a pilot to leave one employment and join another and will be tantamount to forced labour,” the petition said. Pilots have claimed that the move has been initiated by the DGCA at the behest of airlines which want to cut wage bills and maximise profits.
Source : 17-08-17   Business-standard.com   Compiled by www.naukri.com

Uber hires ex-Goldman banker to fire up its Asian business
Uber Technologies Inc. is hiring Goldman Sachs Group Inc.’s former chairman for Southeast Asia to lead the development of its business from Japan to Singapore. Mr. Brooks Entwistle, who announced his retirement in 2012 after two decades at the U.S. investment bank, will become Uber’s chief business officer in the Asia Pacific and a key member of the ride-hailing giant’s regional leadership. His responsibilities will include forging partnerships and autonomous vehicle alliances across the region, excluding India. He’s joining Uber from Everstone Group, a private equity and real estate firm with offices in India and Singapore, where he served as chief executive officer. Uber is hiring an American financier with deep Asian experience as well-funded local rivals undermine its business. Didi Chuxing drove Uber out of China last year and Grab — now its fiercest regional rival — raised $2 billion last month from Didi and SoftBank Group Corp. in what was the largest-ever venture funding in Southeast Asia. Uber’s rapid expansion across the region has also spurred clashes with local governments including in the Philippines, where it’s fighting a government-imposed suspension. “Uber is a once-in-a-generation company,’’ he said in an interview in Singapore, adding that the conversation to join Uber started in earnest in April. “I wouldn’t have joined if I didn’t see there was a huge opportunity.’’ The world’s most valuable startup remains a strong contender in more than 100 cities across 18 Asian countries. Mr. Entwistle, a mountaineer who’s reached the summit of Everest, joined Goldman in 1989 as an analyst. Before leaving in 2012, he’d set up the investment bank’s India business in 2006 and remained country head until early 2011.
Source : 17-08-17   Financialexpress.com   Compiled by www.naukri.com

7th Pay Commission: Retired government employees to get more constant attendant allowance
The constant attendant allowance given to a retired government employee has increased to Rs6, 750 per month from the existing Rs4, 500, states an official order issued recently. The move to increase the allowance comes after the recommendation of the 7th Pay Commission. The allowance is sanctioned if, in the opinion of a competent medical authority, a 100% disabled retired employee needs the services of a constant attendant for at least three months. Accordingly, the allowance has been hiked from Rs4, 500 to Rs6, 750 per month, said the order issued by the Ministry of Personnel, Public Grievances and Pensions. The order will be applicable from 1 July 2017, it said. The constant attendant allowance is paid in addition to the disability pension.
Source : 16-08-17   Livemint.com   Compiled by www.naukri.com

SBI cuts staff by at least 6,000; will redeploy 10,000 employees
The State Bank of India cut down its staff by at least 6,000 from 2.80 lakh to 2.73 lakh in Q1 of FY18. The exits were due to retirements and voluntary retirement scheme. SBI, now, wants to redeploy more than 10,000 employees keeping merger with associate banks and also digitisation in mind. The restructuring comes after the big merger. So far, SBI has merged 594 branches and rationalised 122 administrative offices. This in itself is expected to result in savings of over Rs 1,160 crore annually. As a part of re-deployment, SBI will have staff in government service branches. Around 30% of the staff of rationalised branches will be redeployed in sales functions. The bank has introduced a new employee appraisal system where performers will receive financial incentives. Also, SBI hired just 625 staff members in the first quarter. The bank is recruiting specialists for digital space and marketing though not in large numbers.
Source : 14-08-17   Businessinsider.in   Compiled by www.naukri.com

Nomura India’s Mr. Neeraj Gambhir in race for RBI deputy governor post
Private sector banker Mr. Neeraj Gambhir of Nomura India is in fray for the role of Deputy Governor of Reserve Bank of India. This is the first instance of both a private sector employee and a foreign banker being shortlisted for the post of the Reserve Bank’s Deputy Governor. RBI has four deputy governors including two officers from the central bank itself and two others – an economist, and a commercial bank chief – from other public sector banks. The position, reserved so far for public sector bankers, was vacated after one of the deputy governors’, Mr. SS Mundra, retired last month. However, the government recently moved a Cabinet note suggesting the list of potential candidate for the post should include persons with wide banking experience of about 15 years at a top level in any bank. Considering the space captured by public sector banking in credit has narrowed significantly over the last few years from 100 percent in the 1990s to 70 percent in 2013 to about 65 percent now, and the rapidity with which private sector banks have lapped up the space, it only seems fair that private sector bankers are allowed to participate in the race to the central bank. Mr. Gambhir has been heading the fixed income business at Nomura India since October 2008. He moved to the Japanese financial major Nomura from Lehman Brothers in 2008, and has nearly 14 years of experience in Indian fixed income, currency and derivative markets. He has also served as a director at the Clearing Corp. of India.
Source : 16-08-17   Moneycontrol.com   Compiled by www.naukri.com

Tata Motors appoints Mr. PB Balaji as CFO
Tata Motors, India biggest automobile company, has appointed Mr. PB Balaji as its new group chief financial officer (CFO) who will take over the reins from Mr. CR Ramakrishnan. Mr. Balaji, who will take over from November this year, has been working with Hindustan Unilever as its CFO since 2014. He started his career with Unilever in 1995. Mr. Ramakrishnan who is set to retire next month will be the second high-profile exit in Tata Motors separated by a few months. Executive director (commercial vehicles) Mr. Ravi Pisharody quit the company in June. Mr. N Chandrasekaran, Chairman, Tata Motors said, “Balaji’s deep knowledge in all areas across finance and his global experience will be very valuable for the Tata Motors Group. He will be a great addition to the management team.” Mr. Balaji’s appointment comes at a time when Tata Motors is battling market share loss in commercial vehicles and competitive pressures in passenger vehicles. Tata Motors has decide to focus solely on returning to profitability (at the stand-alone level) and improving market share in both categories. The company has shelved and postponed a few projects which it believed were cash guzzlers and not in line to achieve the desired objectives. “Tata Motors is delighted to welcome Mr. PB Balaji as the new CFO for the Tata Motors Group. He will play a very important role in our transformation journey and help us in our renewed focus on topline, market share growth, major cost reduction initiatives and efficiency improvements to deliver better financial performance and profitability in the future,” said Mr. Guenter Butschek, Chief Executive Officer & Managing Director, Tata Motors.
Source : 14-08-17   Moneycontrol.com   Compiled by www.naukri.com

Merging ops; no lay-off at Lucknow centre: TCS
Against the backdrop of uncertainty over continuation of its Lucknow development centre, Tata Consultancy Services (TCS) has told the Uttar Pradesh government that it is not retrenching any staffers but is consolidating the operations to a bigger centre in Noida. A TCS team led by Mr. Rajesh Gopinathan, managing director, called on Chief Minister Mr. Yogi Adityanath. This was after the Lucknow employees had appealed to the CM to intervene and get the company to keep the local unit alive. The delegation gave a presentation to the CM and top officials and explained that, in line with a business plan, the company was consolidating its operations and discontinuing with smaller units for economy of scale. The government’s additional chief secretary for planning and information technology and electronics, Mr. Sanjiv Saran, was present in the meeting. Mr. Gopinath said the company was expanding its existing Noida operations, currently supporting 15,000 people, to accommodate between 25,000 and 40,000 staffers in the near future. “The TCS officials said until the Noida capacity was enhanced, the Lucknow centre would continue to operate. Once the Noida integrated facility gets ready in another one to two years, the staff would be given the option to relocate,” said Mr. Saran. TCS has been functioning in the state capital for 33 years. It was among the first IT majors to set foot in UP. Last month, it had denied suggestions of prospective job losses in view of the company closing down its Lucknow centre, underlining it was only consolidating into larger centres, including in Chennai. The company said it would continue to hire in UP.
Source : 14-08-17   Business-standard.com   Compiled by www.naukri.com

IIT-KGP students get more than 100 pre-placement offers at start of semester
IIT Kharagpur students have got 118 pre-placement offers (PPOs) from top companies at the start of the semester. Microsoft and Wipro made the highest number of offers at 14, while Qualcomm has made 13 offers, Samsung at 12 and Texas Instruments at 11, professor in-charge of Career Development Centre at IITKGP Prof Debasis Deb said. Offers have also been received from ITC, Unilever and several more companies, both in core and non-core areas such as finance, software, analytics and consultancy. “This is a great start for the placement season. PPOs generally constitute about 15% of the total number of placements and many more offers are in the pipeline as the semester progresses,” Mr. Deb said. Students from the premier technology and engineering institute had undergone compulsory summer internship as part of the curriculum during May and June. Students got placed across all departments — computer science engineering, electrical engineering, electronics and electrical communications engineering, mechanical engineering, chemical engineering, humanities and social sciences (Economics) and others. ”We are approaching several new companies along with those who have visited us earlier and many have responded already. We are expecting 250 companies to visit us for placement in December,” Prof Deb said.
Source : 13-08-17   Hindustantimes.com   Compiled by www.naukri.com

Soon, your PF account will be transferred automatically when you shift jobs
Starting next month, your provident fund (PF) account will be transferred automatically when you change your job. Speaking to the national daily, Chief Provident Fund Commissioner Mr. V P Joy said: “We are trying to ensure transfer of money if one changes jobs, without any application, in three days. In future, if one has an Aadhaar ID and has verified the ID, then the account will be transferred without any application if the worker goes anywhere in the country. This system will be in place very soon.” According to the report, Mr. Joy said that people closing their PF accounts prematurely was one of the main challenges faced by the Employees’ Provident Fund Organisation (EPFO). Therefore, the EPFO is trying to address this challenge by improving services, and the automatic transfer of PF account at the time of a change in place of employment is one such measure, Mr. Joy said. “Now we have made Aadhaar compulsory for enrolment. We don’t want accounts to be closed. The PF account is the permanent account. The worker can retain the same account for social security,” Mr. Joy said.
Source : 11-08-17   Business-standard.com   Compiled by www.naukri.com

Amazon India hiring over 1,000 people in a push to R&D and AI
Amid job cuts in the IT industry there is still a glimmer of hope for software professionals. Amazon India is looking to recruit over 1,000 people, most of the offers being for software engineers. The hires will look after the cloud computing division, automation, research and development (R&D) for the company’s various arms—Amazon.com, Amazon.in, the devices business like Kindle and Amazon Web Services (AWS). The jobs are open for Amazon’s Bengaluru, Mumbai, Delhi, Pune, Hyderabad, and Chennai offices. The e-commerce giant has around 50,000 employees in the country and close to 3.5 lakh worldwide. Amazon’s strength of employees in India is second only to the US where it is headquartered. The jobs are open for Amazon’s Bengaluru, Mumbai, Delhi, Pune, Hyderabad, and Chennai offices. The e-commerce giant has around 50,000 employees in the country and close to 3.5 lakh worldwide. Amazon’s strength of employees in India is second only to the US where it is headquartered. The company said that the number of people it is hiring is limited only by the talent pool in the sectors it requires. The kind of talent the company is after are research scientists, data analytics, natural language processing, artificial intelligence machine learning and Android developers. The list is not exhaustive as the company said it is going to hire as many employees as possible.
Source : 11-08-17   Moneycontrol.com   Compiled by www.naukri.com

Sebi approves six-month extension for NCDEX MD Mr. Samir Shah
Markets regulator Sebi has given nod for extension of Mr. Samir Shah’s tenure as NCDEX CEO and MD for six months even as advertisement has been issued by the commodity bourse for selection of a new candidate. Mr. Shah was appointed in 2013 as per the regulatory framework of erstwhile Forward Markets Commission (FMC) for three years till 2016. Later, his tenure was extended for a year till August 20, 2017. “The Sebi has extended the tenure for only six months and not two years because the regulator wanted the Board to ratify my appointment through a transparent Sebi-approved selection process,” Mr. Shah told PTI. The board had last year extended Mr. Shah’s tenure for three years. However, following suspected manipulation case in castor seed futures, the NCDEX board had imposed conditions on the remaining tenure of two years. “The castor seed issue has got resolved. If the Board can reselect, it (Sebi) would be happy to approve the remaining two years,” Mr. Shah said. Meanwhile, NCDEX has started the selection process for new MD/CEO and sought applications from eligible candidates by August 28. Mr. Shah is eligible to re-apply.
Source : 16-08-17   Financialexpress.com   Compiled by www.naukri.com

India’s ‘ailing’ telecom sector will generate 30 lakh jobs by 2018: report
A study conducted by Assocham-KPMG has found out that India’s ‘ailing’ telecom sector will generate as many as 30 lakh new jobs on the back of deeper penetration of smartphones, arrival of latest technologies and advent of new players in the segment. Dirt cheap mobile internet coupled with attractive data packs and spread of digital wallet providers are spurring the demand for use of technology, thus making room for more job creation activities in the sector. “Emerging technologies such as 5G, M2M and the evolution of Information and Communications Technology (ICT) are expected to create employment avenues for almost 8,70,000 individuals by 2021,”. India’s telecom sector is facing a whopping Rs 4.6 lakh crore of debt. In June, the Inter Ministerial Group formed to take stock of the situation started talks with banks and telecom companies to find a way out of the distress. The financial mess, telecom companies allege, was result of dirt cheap services provided by a new entrant to telecom industry. According to reports, telecom subscriber base in India has grown by 0.5 per cent to cross 121 crore users, of which, mobile subscribers form major chunk with addition of new 60 lakh subscribers by June-end. Bharti Airtel, Vodafone, Idea Cellular are three big segment players respectively.
Source : 17-08-17   Deccanchronicle.com   Compiled by www.naukri.com

India Inc calls for strengthening policy reforms, job creation
Lauding the government’s efforts to deal with corruption and black money, industry chamber CII called for strengthening policy reforms, including a new industrial policy, creating jobs and empowering women at the workplace. It said Prime Minister Mr. Narendra Modi, in his Independence Day speech from the ramparts of the Red Fort, has “outlined a vision of a secure, prosperous and capable nation by 2022”. “While welcoming lower inflation and downward interest rate cycle, CII called for strengthening policy reforms including a new industrial policy, entrepreneurship and employment creation, and empowerment of women in the workforce,” the industry body said in a statement. CII President Ms. Shobana Kamineni said, “The development task to 2022 is challenging and will require strong policy action across multiple economic and social sectors. The government has made a significant beginning, and all of us will need to put our hands together to move the needle of development.” “The Prime Minister has outlined a vision of a secure, prosperous and capable nation by 2022, driven by the collective power of 125 crore citizens of India,” she said.
Source : 15-08-17   Indianexpress.com   Compiled by www.naukri.com
DhananjayParkhe

India’s Polite but Firm Stand at Doklam that has Unnerved China » Indian Defence Review

India’s Polite but Firm Stand at Doklam that has Unnerved ChinaBy Brig Arun BajpaiIssue Net Edition | Date : 18 Aug , 2017The Doklam standoff between India and China is now almost two months old, longest in recent history of stand-offs between the two Asian giants. On 16 Jun ‘17 when china started this mischief against Bhutan of road building in Bhutanese territory, threatening India’s Siliguri Corridor, they never expected India to come in support of Bhutan. They were very sure that they will be able to pressurise and isolate tiny Bhutan. With India coming in and stopping Chinese road building, not only it has surprised China it has left them with no other option but to somehow save face. Recently India’s polite but firm stand on Doklam has been praised by an American Think Tank while they have called Chinese act of churlishness on the issue as childish.

Source: India’s Polite but Firm Stand at Doklam that has Unnerved China » Indian Defence Review

DhananjayParkhe

Best Quotes of the Day

“To advise is not to compel.”

via Quote of the Day http://ift.tt/2dTq7HP

“The ability to delude yourself may be an important survival tool.”

via Funny Quote of the Day http://ift.tt/2nW6P95

“To make us feel small in the right way is a function of art; men can only make us feel small in the wrong way.”

via Art Quote of the Day http://ift.tt/2hHvS9R

DhananjayParkhe

Tracking inflation – Livemint – I liked their Infographic. 

Wonder who is feeding the Inflation numbers to the Regulator RBI and the FINMIN?

The #FakeData of UPA times continues unabated in the NDA also and the Government sleeps.

A big cause of concern for every individual and household in India is inflation. Food inflation particularly has an immediate impact.

A big cause of concern for every individual and household in India is inflation. Food inflation particularly has an immediate impact.Click here for enlargeFirst Published: Wed, Aug 16 2017. 04 43 PM IST

Source: Tracking inflation – Livemint

DhananjayParkhe

Best Quotes of the day

Joan Rivers

“I have no methods; all I do is accept people as they are.”

via Quote of the Day http://ift.tt/2dcxcVa

August 05, 2017 at 10:34AM

via RSS Feed https://www.brainyquote.com/quotes/authors/j/joan_rivers.html


Marcus Aurelius

“The art of living is more like wrestling than dancing.”

via Quote of the Day http://ift.tt/2h0en5k

August 06, 2017 at 10:39AM

via RSS Feed https://www.brainyquote.com/quotes/authors/m/marcus_aurelius.html


Dag Hammarskjold

“We are not permitted to choose the frame of our destiny. But what we put into it is ours.”

via Quote of the Day http://ift.tt/2wp6FcC

August 08, 2017 at 10:33AM

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Richard Wright

“Men can starve from a lack of self-realization as much as they can from a lack of bread.”

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August 09, 2017 at 10:38AM

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Baltasar Gracian

“Dreams will get you nowhere, a good kick in the pants will take you a long way.”

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August 10, 2017 at 10:37AM

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Mignon McLaughlin

“For the happiest life, days should be rigorously planned, nights left open to chance.”

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August 11, 2017 at 10:47AM

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Herbert Hoover

“Honor is not the exclusive property of any political party.”

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August 13, 2017 at 10:37AM

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DhananjayParkhe

India Economy, Politics and GDP Growth Summary – The Economist Intelligence Unit

In briefThe prime minister, Narendra Modi, and the ruling Bharatiya Janata Party will dominate the political landscape at central government level and across key states. However, a recent spell of farmers’ protests across large parts of India highlights risks to political stability. Assuming that the government’s and central bank’s efforts to tackle the overhang of bad loans pay off this year, the economy is poised for a cyclical upswing beginning in 2018.

Source: India Economy, Politics and GDP Growth Summary – The Economist Intelligence Unit

DhananjayParkhe

I like this newsletter – Inc42

Inc42 Media

FEATURE STORY
Independence Day Special: What Does Freedom Mean For These Successful Bootstrapped Startups

As India celebrates its 71st Independence day today it’s time to think about our glorious history as a nation and cherish our freedom.

BUZZ
Innovating For Bharat This Independence Day: Unleashing The True Bharat Potential

Birthdays are a great time to reflect on the past and decide where one wants to go next.

RESOURCES
Lessons On Sales And Customer Relationships: Be Quick But Don’t Hurry

Growing up I often heard my dad say; “Be quick, but don’t hurry.”

ENTREPRENEURSHIP
How Ruthless Prioritisation Makes You A Winner

Look at successful people or successful companies; they have several things in common.

BUZZ
Why Is It The Era Of Proactive Alerts And Actions

If there was an ideal world, wouldn’t you want all the items that need your attention to come to you? And now you are thinking ‘Yeah, but it’s already happening — notifications.’

DhananjayParkhe

Ethical Alliance Daily News 

 

Mexico: Ex-Pemex CEO Lozoya Denies Receiving $10 Million Odebrecht Bribe

Aug 15, 2017 08:00 pm

Former Petroleos Mexicanos Chief Executive Officer Emilio Lozoya denied media reports that he received $10 million in an alleged bribery scheme involving Brazilian construction company Odebrecht SA in Mexico. “I have never participated in acts of corruption. These publications have…
Read More

  

Israel: Bezeq Telecoms acting chairman detained in bribery probe – police

Aug 15, 2017 07:30 pm

The acting chairman of Israeli telecoms company Bezeq, David Granot, has been detained for questioning on suspicion of bribery and money laundering, a police spokesman said on Monday. Bezeq said in a statement Granot had been detained, without giving details….
Read More

  

United States: Telit chief Oozi Cats resigns after US fraud allegations

Aug 15, 2017 07:00 pm

The head of Telit Communications, Oozi Cats, has resigned after an internal company investigation found he had concealed a US indictment against him. Telit launched an inquiry when it was alleged Mr Cats was actually Uzi Katz, who is wanted…
Read More

  

South Africa: South Africa prosecutors deny they won’t admit emails in graft investigation

Aug 15, 2017 06:30 pm

South Africa’s public prosecution service, which is investigating alleged corruption in the awarding of government contracts, has denied reports that it will not accept leaked emails as evidence against President Jacob Zuma’s allies. The allegations of influence-peddling in the so-called…
Read More

  

India: Will probe if graft was behind oxygen supply disruption: UP

Aug 15, 2017 06:00 pm

UP health minister Siddharth Nath Singh said on Monday that a committee would probe whether disruption in oxygen supply at Baba Raghav Das Medical College and Hospital in Gorakhpur was due to any ‘commission-khori’ (kickbacks). “There are talks of authorities…
Read More

  

Ethiopia: Number of detainees in Ethiopia’s biggest anti-corruption sweep reaches 55

Aug 15, 2017 05:30 pm

The number of detained senior Ethiopian government officials, businessperson and middlemen, who were arrested in connection with an alleged large-scale corruption scandal, has increased to 55 on Friday (August 11 2017). Ethiopian roads authority Communications Director, Samson Wondimu, is the…
Read More

  

DhananjayParkhe

Prime Minister Narendra Modi’s address to the Nation from  ramparts of  Red Fort was the most balanced  comprehensive and statesman like speech that has ever been delivered on this occasion.

The PM’s speech, inter alia, was focused largely on national security, black money, and corruption, intolerance and development.

 

DhananjayParkhe

Economist Jean Dreze not allowed to complete speech following angry objection by Jharkhand agriculture minister | The Indian Express

Economist Jean Dreze could not complete his speech at a programme organised by a Hindi daily in Ranchi, when the state agriculture minister, Randhir Kumar Singh, angrily objected to his argument that communalism was most dangerous when the state itself created antagonism between the communities. Union Agriculture Minister Radha Mohan Singh and some other ministers were also present in the programme.

Dreze made this argument in the backdrop of the advertisement brought out by the government a day ahead of the tabling, and passing, the anti-conversion bill in the Assembly. The advertisement had quoted Mahatma Gandhi asking Christian missionaries not to go for religious conversion of poor and gullible tribals. The programme, called Jharkhand Conclave-2025, was held in the capital on Sunday.

Contacted for his version on the angry objection, Minister Singh said: “I only objected when he began talking about RSS. I told him that he doesn’t know about RSS.” The minister did not speak any further.

A video of the incident showed Singh, who was seated in the front row in audience, getting up suddenly and objecting angrily to Dreze and asking organisers to apologise for his remarks. Radha Mohan Singh then came to the mike, even as a couple of people sought an apology from Dreze, while a few others could be seen trying to pacify the minister.

The video also showed Radha Mohan to the mike and repeatedly asking Singh to calm down, assuring that he would clarify to Dreze on what Mahatma said on conversion.

By this time, the video showed, Dreze, had gone back to his seat on the dais. Even as Singh continued to seek apology, Radha Mohan virtually had to admonish him to calm down.

Subsequently, Radha Mohan referred to an interview given by Mahatma Gandhi to his publication “Harijan”, in which he had purportedly said that he would get entire business of conversion stopped, if he had the power to make laws.

Speaking to The Indian Express, Dreze said: “I was interrupted when I argued that communalism was most dangerous when the state itself created antagonism between communities. I gave the infamous (government) ad quoting Gandhi (which had appeared on August 11) as an example.”

Dreze added that the Union agriculture minister countered his view after asking everybody to calm down. Asked whether anybody asked him to complete his address, Dreze said: “Nobody insisted on my being allowed to complete my speech, so I just sat down.”

To a query on whether he wanted to register his protest at any forum, Dreze said: “I would prefer to meet my critics and engage with their arguments, if they are willing.”

However, a group of tribal and civil rights activists, including Dayamani Barla, gathered at Raj Bhavan to protest against infringement of right to freedom of expression by the minister. “He wasn’t only to speak and many demanded that he be asked to leave the stage,” said a spokesperson for the group.

During the programme, however, Rajya Sabha MP from Janata Dal (United) and former journalist Harivansh, who was long associated with Prabhat Khabar not only defended the right to freedom of expression, but also pointed out towards the contribution made by Dreze over several years in Jharkhand.

Dreze has been a critic of several government’s policies and has been raising the issue of challenges in service delivery to those in the interior.

Speaking on the condition of anonymity, one of the speakers, said: “Everybody has a right to object. But, the person objecting should have waited for his turn; more so, when he is a senior functionary in the government.”

Contacted Vijay Pathak, resident editor of Prabhat Khabar, who was part of the organising team, said: “Dreze had almost concluded when he pointed out about the advertisement. Earlier, he had raised a few questions on the involvement of RSS. The Union Minister intervened and asked the state minister to calm down and take seat many times and then quoted Mahatma Gandhi on conversion. It was not that Dreze was not allowed to speak right from the beginning.”

For all the latest India News, download Indian Express App

Source: Economist Jean Dreze not allowed to complete speech following angry objection by Jharkhand agriculture minister | The Indian Express

DhananjayParkhe

Independence Day Fire Service and Home Guard & Civil Defence Medals Announced

Press Information Bureau Government of IndiaMinistry of Home Affairs14-August-2017 18:52 ISTIndependence Day Fire Service and Home Guard & Civil Defence Medals Announced 98 personnel have been awarded Fire Service Medals on the occasion of the Independence Day this year. Of these, President’s Fire Service Medal for Gallantry have been awarded to 17 personnel, Fire Service Medal for Gallantry have been awarded to 22 personnel, President’s Fire Service Medal for Distinguished Service to 09 personnel and Fire Service Medal for Meritorious Service to 50 personnel. 54 personnel have also been awarded Home Guard & Civil Defence Medals on the occasion of the Independence Day this year. Of these, President’s HG & CD Medal for Distinguished Service have been awarded to 04 personnel and HG & CD Medal for Meritorious Service to 50 personnel. Click here for the List of Fire Service MedalsClick here for the List of Home Guards (HG) and Civil Defence (CD) Medals

Source: Independence Day Fire Service and Home Guard & Civil Defence Medals Announced

DhananjayParkhe

Gallantry and Other Decorations for Coast Guard Personnel

Press Information Bureau
Government of India
Ministry of Defence
14-August-2017 18:34 IST

Gallantry and Other Decorations for Coast Guard Personnel

NOT TO BE PUBLISHED/BROADCAST/OR USED ON SOCIAL MEDIA BEFORE 15 AUG 2017, 0001 HRS

 

On the occasion of Independence Day, the President of India has awarded one President’s Tatrakshak Medal (Distinguished Service), four Tatrakshak Medals (Gallantry) and two Tatrakshak Medals (Meritorious Service) to Indian Coast Guard personnel for displaying conspicuous acts of gallantry, distinguished and meritorious service. The detailed list of the awardees are as follows:-

 

PRESIDENT’S TATRAKSHAK MEDAL (Distinguished Service)

  • DIG Suresh Chand Tyagi, P No. (0066-X)

 

TATRAKSHAK MEDAL (GALLANTRY)

  • DIG Surendra Singh Dasila, P No. (0270-M)
  • Comdt Rajappan Ramesh, P No. (0482-S)
  • Comdt (JG) Abdus Sadek Ali, P No. (0671-X)
  • Asst Comdt Panneerselvan Sasiselvan, P No. (1052-P)

 

TATRAKSHAK MEDAL (MERITORIOUS SERVICE)

  • DIG Ravindra Dattatraya Shedbalkar, P No. (4018-E)
  • DIG Surinder Singh Azad, P No. (0467-L)

 

These awards are being given to the personnel of the Indian Coast Guard on Republic Day and Independence Day every year, since 26 Jan 1990.

NW/DK/Rajib

Source: Gallantry and Other Decorations for Coast Guard Personnel

DhananjayParkhe

GALLANTRY AWARDS TO ARMY ON INDEPENDENCE DAY 2017

Press Information Bureau
Government of India
Ministry of Defence
14-August-2017 20:17 IST

GALLANTRY AWARDS TO ARMY ON INDEPENDENCE DAY 2017

Following gallantry awards have been conferred to Army personnel on the occasion of Independence Day 2017:-

 

Award No’s Remarks
Kirti Chakra 03 Including 02 posthumous
Shaurya Chakra 13 Including 06 posthumous
Sena Medal (Gallantry) 85 Including 10 posthumous
Mention-in-Despatches 39 Including 05 posthumous 

 

Following documents are attached to the Press Release:-

 

–      List of Gallantry Awardees (Army) on Independence Day 2017.

–      Citation of Chakra Series Awardees (Army).

–      Pictures of Awardees.

–      List of Awardees of COAS Commendation on Independence Day 2017.

–      List of Awardees of VCOAS Commendation on Independence Day 2017.

 

 

Source: GALLANTRY AWARDS TO ARMY ON INDEPENDENCE DAY 2017

DhananjayParkhe

President Confers Vayu Sena Medal (Gallantry) to Group Captain Subhash Singh Rao, Flying (Pilot)

Press Information Bureau
Government of India
Ministry of Defence
14-August-2017 18:53 IST

President Confers Vayu Sena Medal (Gallantry) to Group Captain Subhash Singh Rao, Flying (Pilot)

EMBARGO : NOT TO BE PUBLISHED/BROADCAST/

OR USED ON SOCIAL MEDIA BEFORE 15 AUG 2017, 0001 HRS

 

 

 

On 10 Oct 2016, Wing Commander (Now Group Captain) Subhash Singh Rao, who was posted in a MiG-21 (Bis) Sqn as Flight Commander, was detailed for an Air Test sortie. After an uneventful sortie, when he came in for landing, he was informed that the starboard main wheel of his aircraft was misaligned. This abnormality, a serious defect, would have resulted in pilot abandoning the aircraft through ejection. This potentially hazardous situation would have resulted in total loss of the aircraft, decapitating injuries to pilot as well as loss of property on ground. The situation was averted due to the timely decision taken by Wing Commander Subhash Singh Rao. In a very short time he was able to correctly assess the situation at hand and correlate the emergency with a similar incident. He exercised extreme caution and displayed precision flying of the highest degree and took a courageous decision to execute the landing of the aircraft under stress. On landing, the wheel of the aircraft failed and the aircraft started going off the runway. Wing Commander Subhash Singh Rao displayed superior skills in maintaining control of the aircraft and stopped the aircraft on the runway, thereby saving the aircraft.

 

Even under a situation of considerable duress, Wing Commander (Now Group Captain) Rao maintained a cool and calm composure. He was able to communicate his chain of thoughts to the personnel on ground which further aided in the safe recovery of the aircraft without creating panic.  Displaying exceptional courage, Wg Cdr Rao was able to make an extremely well executed landing of the aircraft.  He was able to prevent the loss of one valuable fighter aircraft while at the same time ensuring that there was no loss of life and property on ground to any civil or military infrastructure.

 

For this act of exceptional courage, tenacity and valour beyond the call of duty shown for safely recovering a stricken aircraft, Wing Commander (Now Group Captain) Subhash Singh Rao is awarded Vayu Sena Medal (Gallantry).

 

 

Source: President Confers Vayu Sena Medal (Gallantry) to Group Captain Subhash Singh Rao, Flying (Pilot)

DhananjayParkhe

President Confers Vayu Sena Medal (Gallantry) to Wing Commander Ravinder Ahlawat, Flying (Pilot)

 

Press Information Bureau
Government of India
Ministry of Defence
14-August-2017 18:56 IST

President Confers Vayu Sena Medal (Gallantry) to Wing Commander Ravinder Ahlawat, Flying (Pilot)

EMBARGO : NOT TO BE PUBLISHED/BROADCAST/

OR USED ON SOCIAL MEDIA BEFORE 15 AUG 2017, 0001 HRS

 

 

On 26 Jul 16, Wg Cdr Ravinder Ahlawat was authorized to carry out a ‘Range Instructional Technique’ (RIT) sortie over Pokharan Range in Mirage 2000 Trainer aircraft as the captain of the aircraft, occupying the front cockpit. While carrying out “Pull Up Attack” circuit, at 500 ft above ground level at high speeds and in a turn, the aircraft experienced a Bird Hit. The severity of the impact shattered the canopy perspex completely and the bird hit Wg Cdr Ahlawat, damaging his helmet, breaking his visor and injuring his face, neck, arms and chest resulting in profuse bleeding and nearly incapacitating him. The bird also broke the glass separator between the front and the rear cockpit as well. The impact also damaged the front pilot ejection system.

 

Due to the injuries, blood streaming down his face and bird remains, Wg Cdr Ahlawat had limited vision available from his left eye only. Despite the nature of his injuries, shock of impact, high wind blast and minimal reaction time since the aircraft was flying at low level, he took all the emergency actions correctly to save the aircraft and people of a village in close vicinity of the Pokharan range. During recovery, the rear pilot could not see the runway due to the perspex being obscured. Without the front pilot taking over and landing, the aircraft would have to be abandoned. There were significant chances of ejection system failure due to damage to the same. Displaying gallantry and upholding the virtues of “service-before-self”, Wg Cdr Ahlawat used his one hand to open his left eye, took over the controls with the other hand and despite incapacitating injuries, limited binocular vision and with the canopy perspex blown off, he executed a safe landing on the nearest runway of an Air Force Base which resulted in saving of an expensive national asset and lives on ground.

 

For this act of gallantry, Wing Commander Ravinder Ahlawat is awarded Vayu Sena Medal (Gallantry).

 

 

 

 

 

 

 

 

 

Source: President Confers Vayu Sena Medal (Gallantry) to Wing Commander Ravinder Ahlawat, Flying (Pilot)

DhananjayParkhe

Independence Day Gallantry Awards and Other Decorations

Press Information Bureau
Government of India
Ministry of Defence
14-August-2017 18:20 IST

Independence Day Gallantry Awards and Other Decorations

NOT TO BE PUBLISHED/BROADCAST/OR USED ON SOCIAL MEDIA BEFORE 15 AUG 2017, 0001 HRS

 

The President and Supreme Commander of the Armed Forces has approved 112 Gallantry Awards to Armed Forces Personnel and members of Paramilitary Forces which include five Kirti Chakras, 17 Shaurya Chakras, 85 Sena Medals (Gallantry), three Nao Sena Medals (Gallantry) and two Vayu Sena Medals (Gallantry).

 

Sl. No. RANK AND NAME Service
KIRTI CHAKRA
1.

 

IC-73531A MAJOR PREETAM SINGH KUNWAR, 4TH BATTALION THE GARHWAL RIFLE ARMY
2. 5047602N HAVILDAR GIRIS GURUNG, FOURTH BATTALION THE FIRST GORKHA RIFLES (POSTHUMOUS) ARMY
3. SS-43887Y MAJOR DAVID MANLUN, THE NAGA REGIMENT, 164 INFANTRY BATTALION (TERRITORIAL ARMY) (HOME & HEARTH), NAGA (POSTHUMOUS) ARMY
4. SHRI PRAMOD KUMAR, COMMANDANT, 49 BN, CRPF

(POSTHUMOUS)                             

MHA
5. CHETAN KUMAR CHEETA, COMMANDANT, CRPF MHA

SHAURYA CHAKRA

1.

 

IC-71967M MAJ SATISH DAHIYA, ASC, 30 RR (POSTHUMOUS) ARMY
2. SS-42717H MAJ GOSAVI KUNAL MUNNAGIR, ARTY, 166 MED REGT

(POSTHUMOUS)

ARMY
3. JC-580725N SUB SHABIR AHMED, 17 JAK RIF ARMY
4. JC-414170P NB SUB SURENDRA SINGH, 4 PARA (SF) ARMY
5. 4188533W NK CHANDRA SINGH, KUMAON SCOUTS, 13 RR (POSTHUMOUS) ARMY
6. 4578033Y L/NK RAGHUBEER SINGH, MAHAR, 1 RR (POSTHUMOUS) ARMY
7.

13767992A L/NK KASHMIR SINGH, JAK RIF

ARMY
8.

 

15687392W L/NK BHANDORIYA GOPALSINH MUNIMSINH, SIGS, 1 RR (POSTHUMOUS) ARMY
9. 2616368W SEP VENKATARAO ABOTULA, 8 MADRAS ARMY
10.

2708834A SEP ARIF KHAN, GREN, 55 RR

ARMY
11. PID-036364 CONST MANZOOR AHMAD NAIK, J&K POLICE, 42 RR (POSTHUMOUS) ARMY
12. 5250886X LANCE NAIK DEEPAK ALE, FIRST BATTALION THE THIRD GORKHA RIFLES ARMY
13. 15225911X GUNNER RISHI KUMAR RAY, REGIMENT OF ARTILLERY/155 FIELD REGIMENT ARMY
14. SHRI CHANDAN KUMAR, ASSISTANT COMMANDANT (IRLA : 9056), CRPF MHA
15. SHRI AMAR NATH MISHRA, CONSTABLE MHA
16. SHRI P. TRINADHA RAO, ASSISTANT ASSAULT COMMANDER, ANDHRA PRADESH MHA
17. CH. G.V. RAMACHANDRA RAO, SENIOR COMMANDO (5966), ANDHRA PRADESH MHA
SENA MEDAL (GALLANTRY)
             1. IC-61402N COLONEL SAMARJIT RAY, 4TH BATTALION THE GARHWAL RIFLE ARMY
             2. IC-64544W MAJ AMIT CHAMOLI, KUMAON, 50 RR ARMY
             3. IC-65751P LT COL ARUNKUMAR M, 21 SIKH REGT ARMY
             4.

IC-66326W MAJ, BHRAGU RAJ JANI, GARH RIF, 14 RR

ARMY
             5. IC-68500W MAJ VARUN MAANDI, PUNJAB, 22 RR   ARMY
             6. IC-68757F MAJ SAURABH CHAUDHURY, 2/5 GR   ARMY
             7. IC-69813F MAJ SUNIL SINGH, KUMAON, 13 RR ARMY
             8. IC-70536N MAJ ABHIJIT DEORI, 20 DOGRA ARMY
             9. IC-70597L MAJ PARINAY BANSAL, SIKH LI, 19 RR   ARMY
         10. IC-71085L MAJ ANOGH KUMAR CHANDA, ASSAM, 35 RR   ARMY
         11. IC-71390X MAJ SEKHAR KUMAR, EME, 5 RR ARMY
         12. IC-71459W MAJ MOHIT GREWAL, ASC, 18 RR ARMY
         13. IC-71508N MAJ ADITYA VIKRAM SINGH, MECH INF, 13 AR   ARMY
         14. IC-71834W MAJ DEEPAK KUMAR UPADHYAY, SC, 9 PARA (SF)   ARMY
         15. IC-72543H MAJ S ARUN, JAK RIF, 3 RR ARMY
         16. IC-72692W MAJ RISHI R, MECH INF, 42 RR ARMY
         17. IC-73258W MAJ MALAY BAIDYA, KUMAON, 13 RR  ARMY
         18. IC-73515H MAJ BISHAL SINGH THAPA, KUMAON, 13 RR ARMY
         19. IC-74906A MAJ PRADEEP KUMAR NIGAM, MAHAR, 1 RR ARMY
         20. IC-75642W MAJ MANISH KUMAR YADAV, ENGRS, 3 RR ARMY
         21. IC-75660Y MAJ ANKIT HARJAI, ARMD, 22 RR   ARMY
         22. SC-00640K MAJ JASBIR SINGH, ARMD, 38 AR   ARMY
         23. SS-42867Y MAJ SUMEER SINGH, 9 PARA (SF) ARMY
         24. SS-45482M MAJ PEEYOOSH PANDEY, ENGRS, 1 RR ARMY
         25.            ] IC-77334P CAPT PRASOON SHARMA, 9 PARA (SF)   ARMY
         26. IC-78348F CAPT SARANGTHEM SHYAM, 2 PARA (SF) ARMY
         27. IC-78817Y CAPT MITENDER YADAV, 21 MAHAR ARMY
         28. IC-79353Y CAPT JAIDEEP RAWAT, 20 DOGRA   ARMY
         29. IC-80787L CAPT JASDEEP SINGH, 1/1 GR   ARMY
         30. SS-44873L CAPT MANOJ MALIK, AAD, 107 AD REGT ARMY
         31. SS-44990W CAPT RAKESH NAIR, ARMD, 22 RR ARMY
         32. SS-45306P CAPT UMESH LAMBA, 1 PARA (SF)   ARMY
         33. SS-47626H CAPT AJIT LIMBU, 1/5 GR (FF)   ARMY
         34. JC-603041M SUB SHITAL PRASAD PUNN, 1/1 GR ARMY
         35. JC-501049L NB SUB BALWINDER SINGH, 22 SIKH ARMY
         36. JC-608107F NAIB SUBEDAR RAVIN KHANDAL, FIRST BATTALION THE THIRD GORKHA RIFLES   ARMY
         37. 2486816L HAV PRADEEP KUMAR, 21 PUNJAB   ARMY
         38. 4000066P HAV MADAN LAL, 20 DOGRA (POSTHUMOUS) ARMY
         39. 4076879Y HAVILDAR BRIJENDRA LAL, 4TH BATTALION THE GARHWAL RIFLE ARMY
         40. 4368172L HAV L PONGCHAI KONYAK, ASSAM, 35 RR   ARMY
         41. 5046806N HAVILDAR DAMAR BAHADUR PUN , FOURTH BATTALION THE FIRST GORKHA RIFLES (POSTHUMOUS)   ARMY
         42. 13760447N HAV MOHD HUSSAIN, 17 JAK RIF ARMY
         43. 13760972K HAV ISHWAR SINGH, JAK RIF, 3 RR ARMY
         44. 13764171A HAV ASHOK KUMAR, 9 PARA (SF)   ARMY
         45. 3396369F L/HAV DAVINDER SINGH, 17 SIKH (POSTHUMOUS)   ARMY
         46. 13623331L L/HAV RAM KUMAR, 20 DOGRA ARMY
         47. 13764330M L/HAV RAISHAM SINGH, JAK RIF, 52 RR ARMY
         48. 2804152M NK TUPARE RAJENDRA NARAYAN, 22 MLI (POSTHUMOUS)   ARMY
         49. 3197436K NK KULDEEP SINGH, 18 JAT   ARMY
         50. 3999686L NK RADHA KRISHAN, DOGRA, 62 RR ARMY
         51. 4084852W LANCE NAIK SUKHPAL SINGH, 4TH BATTALION THE GARHWAL RIFLE ARMY
         52. 4192682F NK BHAGWAN SINGH RAUTELA, KUMAON, 50 RR   ARMY
                   53. 4192720M NK PRAMOD KUMAR KANYAL, KUMAON, 13 RR   ARMY
                   54. 4195610H NK HARISH SINGH CHUPHAL, KUMAON, 13 RR ARMY
                   55. 4573939A NK REVAT SINGH, MAHAR, 1 RR ARMY
                   56. 4574373K NK RAMBEER SINGH RAJPUT, MAHAR, 30 RR   ARMY
                   57. 9108390L NK JAWEED AHMAD BHAT, 9 PARA (SF) ARMY
                   58. 12984405N NK NASEER AHMAD MIR, TA, 163 INF BN (TA) (H&H) ARMY
                   59. 13625978X NK NANDA PRASAD, 4 PARA (SF)   ARMY
                   60. 14932294Y NK DILEEP KUMAR SINGH, MECH INF, 5 RR   ARMY
                   61. 15337560P NK CHITTARANJAN DEBBARMA, 51 ENGR REGT(POSTHUMOUS) ARMY
                   62. 2497303W L/NK PANJAB SINGH, 21 PUNJAB ARMY
                   63. 3004193L L/NK HANS RAM, 3 RAJPUT ARMY
                   64. 4005617Y L/NK RAKESH KUMAR, 20 DOGRA ARMY
                   65. 5049793M L/NK LAL BAHADUR THAPA, 4/1 GR (ATT WITH 35 RR) ARMY
                   66. 5456130X L/NK RAJU CHETRY, 1/5 GR (FF) ARMY
                   67. 15169808X L/NK SAIKHEDE SAGAR ASHOK, ARTY, 13 RR ARMY
                   68. 2503753M SEP PARAMJEET, PUNJAB, 54 RR ARMY
                   69. 3007786H SEP BHAG SINGH, 3 RAJPUT ARMY
                   70. 3010595Y SEP PANKAJ SINGH, RAJPUT, 44 RR ARMY
                   71. 3200871M SEP VISHAL CHAUDHARI, 18 JAT (POSTHUMOUS) ARMY
                   72. 3202262F SEP BABALOO SINGH, 18 JAT (POSTHUMOUS) ARMY
                   73. 3209481L SEP VICKY, 18 JAT ARMY
                   74. 14848055Y SEP AJOY SARKAR, ASC, 30 RR ARMY
                   75. 14937791M SEP NEERAJ KUMAR, MECH INF, 35 RR ARMY
                   76. 5050884H LATE RIFLEMAN RABIN SHARMA, FOURTH BATTALION THE FIRST GORKHA RIFLES (POSTHUMOUS) ARMY
                   77. 5251505X RIFLEMAN BED SINGH RANA, FIRST BATTALION THE THIRD GORKHA RIFLES ARMY
                   78. 13770563K RFN ANGRAZ SINGH, JAK RIF, 52 RR ARMY
                   79. 13770572L RFN RAVI KUMAR, JAK RIF, 31 RR (POSTHUMOUS) ARMY
                   80. 13777554L RFN ABHINASH RAI, 17 JAK RIF ARMY
                   81. G/5006436W RFN RUHITESWAR CHANGMAI, 16 ASSAM RIFLE ARMY
                   82. G/5013646Y RFN KHAMPAI WANGSU, 13 ASSAM RIFLE (POSTHUMOUS) ARMY
                   83. G/5016453K RFN AMARNATH S, 28 ASSAM RIFLE ARMY
                   84. 13776342N PTR VIKRANT PARIHAR, 1 PARA (SF) ARMY
                   85. 4092134P PTR JAYVEER SINGH, 9 PARA (SF) ARMY

NAO SENA MEDAL(GALLANTRY)

LT PUSHPINDER TYAGI (07452-K) NAVY
JASKARAN SINGH, CH MECH (122343-B) NAVY
AZHAR AZHARUDDIN, SEA II CD III (237737-N) NAVY

VAYU SENA MEDAL(GALLANTRY)

WING COMMANDER SUBHASH SINGH RAO (25827) FLYING (PILOT) AIR FORCE
WING COMMANDER RAVINDER AHLAWAT (26300) FLYING (PILOT) AIR FORCE

 

The President has also awarded 40 Mention-in-Despatches to Army/Air Personnel for their significant contributions in different military operations which include two for ‘Operation Meghdoot’, 32 for ‘Operation Rakshak’, four for ‘Operation Orchid and one each for Army Headquarters and Air Force.

 

 

NW/DK/Rajib

Source: Independence Day Gallantry Awards and Other Decorations

DhananjayParkhe

Best Quotes of the day

Joan Rivers

“I have no methods; all I do is accept people as they are.”

via Quote of the Day http://ift.tt/2dcxcVa

August 05, 2017 at 10:34AM

via RSS Feed https://www.brainyquote.com/quotes/authors/j/joan_rivers.html


Marcus Aurelius

“The art of living is more like wrestling than dancing.”

via Quote of the Day http://ift.tt/2h0en5k

August 06, 2017 at 10:39AM

via RSS Feed https://www.brainyquote.com/quotes/authors/m/marcus_aurelius.html


Dag Hammarskjold

“We are not permitted to choose the frame of our destiny. But what we put into it is ours.”

via Quote of the Day http://ift.tt/2wp6FcC

August 08, 2017 at 10:33AM

via RSS Feed https://www.brainyquote.com/quotes/authors/d/dag_hammarskjold.html


Richard Wright

“Men can starve from a lack of self-realization as much as they can from a lack of bread.”

via Quote of the Day http://ift.tt/2vM2x8o

August 09, 2017 at 10:38AM

via RSS Feed https://www.brainyquote.com/quotes/authors/r/richard_wright.html


Baltasar Gracian

“Dreams will get you nowhere, a good kick in the pants will take you a long way.”

via Quote of the Day http://ift.tt/2vQEK7g

August 10, 2017 at 10:37AM

via RSS Feed https://www.brainyquote.com/quotes/authors/b/baltasar_gracian.html


Mignon McLaughlin

“For the happiest life, days should be rigorously planned, nights left open to chance.”

via Quote of the Day http://ift.tt/2dtTnH7

August 11, 2017 at 10:47AM

via RSS Feed https://www.brainyquote.com/quotes/authors/m/mignon_mclaughlin.html


Herbert Hoover

“Honor is not the exclusive property of any political party.”

via Quote of the Day http://ift.tt/2f5TE1c

August 13, 2017 at 10:37AM

via RSS Feed https://www.brainyquote.com/quotes/authors/h/herbert_hoover.html

DhananjayParkhe

How I Came Up With a Million-Dollar Ecommerce Idea in 20 Minutes

Several years ago I started a hip-hop jewelry ecommerce store. My most popular products were “grillz.” For the unfamiliar, those are the shiny teeth you see a lot of rappers wear. I shipped tens of thousands of these grillz to customers from all over the world.The idea to start selling these products came to me one night, over the course of just a few minutes, when I overheard people at a concert saying how they wished they could buy a set. They complained how the process to acquire them was too slow and expensive. That’s when the lightbulb went on.

Source: How I Came Up With a Million-Dollar Ecommerce Idea in 20 Minutes

DhananjayParkhe

India’s Agni vs China’s Dongfeng missile: Which is more powerful-undefined

China has accused India of understating Agni 5’s actual rangeChinese experts say that the missile actually has the potential to reach targets 8,000 kilometres away and that the Indian government had deliberately downplayed the missile’s capability in order to avoid causing concern to other countries. If the 8000 kms theory is true then India can strike whole of China even if the missile is launched from Southern India.Agni-V also features Multiple independently targetable reentry vehicle (MIRVs) with each missile being capable of carrying 2-10 separate nuclear warheads. Each warhead can be assigned to a different target. One of the main advantages of Agni missiles are that they all use solid fuel which greatly reduces their launch time. If the missile is fitted to a mobile launcher, it can be launched within minutes. Some of the Chinese missiles use liquid propellant, which take time to launch compared to solid fuelled missiles because of the time needed to fuel the missile.

Source: India’s Agni vs China’s Dongfeng missile: Which is more powerful-undefined

DhananjayParkhe

China has done India a Favor » Indian Defence Review

China did India a favor in 1962 by waking up the Indian government, especially the deceptive Prime Minister of the time, though it really killed him very quickly after. The conflict brought the Prime Minister to his senses about the reality of defense, military, and the realpolitik.

Source: China has done India a Favor » Indian Defence Review

Motivation

Courtesy: CATO institute Weekly Despatch Newsletter I subscribe to.

The week’s top headlines with links to related Cato research.
View this email in your browser

August 10, 2017

RAISE Act Is An Opportunity for Real Reform

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One fortunate aspect of President Trump’s bill to reduce legal immigration

by 50 percent is that it has started the conversation on how to reform the nation’s legal immigration system

— even if it started it on the wrong foot.

Members of Congress now have an opportunity to respond

with legislation that would increase legal immigration and fix the numerous and varied problems within the current legal immigration system.

The Wrong Approach to the Opioid Crisis

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Drug overdoses are now the leading cause of death among Americans under age 50

. Driving this trend, which shows no sign of abatement, is a surge in opioid-related overdoses. The latest numbers for 2015 report a record 33,000 deaths, the majority of which are now from heroin

. These types of deaths have occurred with such frequency that states — including Maryland, Florida, and Arizona — have declared medical states of emergency

.However, most opioid-related deaths do not occur via medically prescribed opioids

. Instead, as doctors curtail their opioid prescriptions for pain patients, many in desperation seek relief in the illegal market

. These alternate sources may be adulterated, of higher dosage than the user realized, or consumed with other drugs that generate adverse reactions.Nonetheless, fears about opioid addiction drive restrictions on opioid prescribing, which, in turn, increase opioid poisonings.

Was Google’s Response to the “Google Memo” Simply a Private Company Exerting Its Rights?

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Because Google and Silicon Valley are cutting-edge workplaces, there’s a tendency to assume that the premise of the Google memo furor – “Your erroneous opinions are making my work environment hostile” — is somehow new as well.

But it isn’t the least bit new. The application of hostile work environment law to workplace speech — including basically political or ideological discussions, not just vulgar jokes or unwanted personal talk — goes back decades.

Government pressure on employers to ban speech consists less of direct you-must-ban mandates and more of litigation incentives whose contours are not explicitly announced.

Those who write laws can blame private actors’ decisions. The private actors in turn can feel as if their hands were tied given the legal reality they might face.

DhananjayParkhe

NITI Aayog’s new head Rajiv Kumar hints at more exits, waning ‘foreign influence’ | The Indian Express

I had the privilege of meeting and interacting over emails with him when I was at TNT Pubic Affairs and he was CEO – ICRIER, Secretary General – FICCI and a columnist at the leading newspapers.  It was an honour to be on his mailing list then for a short while till I retired.

I had found him at ICRIER from where he was our Key Note Speaker for a GEA – Global Express Associaltion event in Delhi and he and the lady speaker from his organisation were promptly labelled by some of our industry colleague – him as “A straighter talker who minces no meat and Super Articulator”, while the Lady from the organisation was our Resercher who wrote a book on EICI and Express Industry as a ‘Fire-Brand Speker’.  It was thus a matter of great pleasure to know him and post my retirement where I have no commercial / professional interest in his new August role – to read about him and write in my blog about him.

The latest article in Indian Express about him

Quote “Foreign influence on Indian policy making by Indian-American economists is fading as part of the ongoing policy transformation in the NDA government, according to Rajiv Kumar, the economist who has been selected to replace Arvind Panagariya as the new vice chairman of NITI Aayog. Expressing his views in a column published in the Hindi daily Dainik Jagran on Monday, Kumar referred to the exit of Panagariya and former RBI chief Raghuram Rajan and wrote that “if Lutyens’ Delhi rumours are to be believed, more such resignations can come”.

In the column, Kumar also said that as a result of this transformation, the country may witness appointment of individuals with much better understanding of India’s ground realities. Kumar, a DPhil in Economics from Oxford University and a PhD from Lucknow University, wrote: “A key transformation taking place on the policy front in the current central government led by Narendra Modi, is that the colour of foreign influence, especially Anglo-American, on the Indian policy making establishment that came in the last few decades, is fading away. Raghuram Rajan has already left. Now, Arvind Panagariya has also announced his resignation from his post ahead of his term being completed. If Lutyen’s Delhi rumours are to be believed, more such resignations can come. In their place, we may see experts being posted who understand India’s ground realities in a much better manner, and who can commit to stay and work till their term ends.”

When contacted by The Indian Express, Kumar declined to comment on his column. A highly placed government source, however, told The Indian Express that Kumar “should have avoided making a comment on other economists”. Kumar further wrote that even as the love for foreign goods went down in the aftermath of the 1991 liberalisation of the economy, it took a long time for the policy making establishment within the country to get rid of the “Macaulayist mentality”.

During this time, Kumar wrote, experts belonging to domestic academic spheres were considered inferior to their foreign counterparts, and as a result, were not considered deserving for high-ranking positions in the government.
“During this time, ‘imported experts’ were regularly coming in. Another related problem that was often observed was that Indian policies would have the influence of multilateral organisations like IMF, World Bank, or those universities to which these experts would have incredible reverence,” Kumar wrote. Providing the example of China, he noted that the country has always carefully listened to the experiences of the World Bank and the IMF, but formulated policies keeping in mind its goals and ground realities. Kumar has raised these issues earlier, too.

In a column titled, “Risks of Imported Expertise”, published in Mail Today in May 2014, he wrote, “… an equally dangerous prospect is of ‘free market-wallah NREs’ (non-resident economists) based mostly in the US (UK based economists are more visible as television gladiators!) descending on Delhi in anticipation of a NDA government, which they see as more market friendly. The danger of the ‘free market wallah NREs’ is that they give a patently wrong interpretation to Mr Modi’s one liner of ‘minimal government with maximum governance’.”

In his Dainik Jagran column, Kumar also criticised the Western media for being unsuccessful in fathoming the steps taken by the government towards good governance through structural reforms. He said that regardless of such criticism, done with “special intent”, the government should continue on its mission. Panagariya had announced last week that he was quitting to return to academics in the US.” end quote

Source: NITI Aayog’s new head Rajiv Kumar hints at more exits, waning ‘foreign influence’ | The Indian Express

DhananjayParkhe

Study says fat shaming by doctors may harm physical, mental health

Experts say fat shaming by doctors is stressful for patients and actually cause them to delay health care seeking. Negative attitudes among medical providers can also cause psychological stress in patients (Photo: Pixabay)Washington: Discrimination at the doctor’s office based on the size and negative stereotypes of overweight people can take a toll on a patient’s physical health and mental well-being, a study has found.”Disrespectful treatment and medical fat shaming, in an attempt to motivate people to change their behaviour, is stressful and can cause patients to delay health care seeking or avoid interacting with providers,” said Joan Chrisler, a professor of psychology at Connecticut College in the US Sizeism can also have an effect on how doctors medically treat patients, as overweight people are often excluded from medical research based on assumptions about their health status, meaning the standard dosage for drugs may not be appropriate for larger body sizes, Chrisler said.

Source: Study says fat shaming by doctors may harm physical, mental health

DhananjayParkhe

The Dutch Reach — I liked it. Everyone in the Netherlands opens the door this odd way – when the reason is revealed you’ll want to do the same | Newsner

DhananjayParkhe

BJP is bad for Senior Citizens – so says this Viral message on WhatsApp

I read this message sent to me as a Senior Citizen by a friend and I agree with him mostly.

Message is going viral on WhatsApp apparently.

“BJP IS BAD for senior citizens. WhatsApp post and I agree mostly ‘ I recd a msg from our ex gm mr. D P Bhatejaji i am sending it for your view and comments 👇🏼
Today i have posted the following on the facebook page of PM Mr. Narendra Modi and sent an email to FM Mr. Arun Jaitley. For information of all my friends.

Respected Prime Minister Shri Narendra Modi ji,
Respected Finance Minister Shri Arun Jaitely ji,
First of all I extend my sincere thanks in anticipation that you will spare a few minutes of your valuable time to read and take suitable action in the matter.
I am a senior citizen and on 01.08.2012, I put Rs 40 lakhs in a nationalized Bank for 5 years. I was being paid an amount of Rs. 35,352/- every month (of course subject to income tax) enabling me to lead a worry free life financially. Now on maturity I have reinvested the amount in the same Bank and I will be paid Rs. 26,489/-; a shortfall of Rs. 8863/- i.e. 25% over the previous return, per month. Can you please advise me from where I should make good the loss or sacrifice consumption of medicines or atta or dals or vegetables or fruit or milk or what?
Practically your government after taking over in 2014 has done nothing for senior citizens. No additional facilities extended but withdrawal of what existed in 2014. No commodity or provision item is available at the price of 2014. Yes you have been able to bring down the figures of inflation and indices but not the actual prices. Every off and on the prices of some essential daily use items go rocket high like dals, chana/besan, salt, onion and now the tomatoes. At that time we cannot even dare see those items.
I know you have political and the theoretical replies for these issues like interest on deposits and advances in banks depend on demand and supply. The prices of daily use items vary with seasons being agricultural products. But the straight upward shoot of prices cannot be justified by these reasons. If the government wants to provide cheaper credits to the trades and industries, it should not be at the cost of depositors. Banks are sitting over volcanoes of NPAs and all good money is being diverted for bad money.
But is it not the duty of the government to enable the senior citizens to lead a respectable life who have spent their golden years in serving various organizations and finally the nation? Government cannot see the other way. I am at a loss to understand from where this deficit of 25% be met. Is any of the minister/MP/MLA is ready to cut his salary and allowances by this percentage? If not, then why the public especially the senior citizens?
Perhaps it is because that, like you, we do not have the power to fix our own salaries, allowances and perqs and getting everything for full year, for sessions of total of 3 months and that too attending sessions at their sweet will. When the matter of increasing your salaries comes, you pass the same just in 2 minutes with no discussion, with all heads together be it from ruling or opposition benches. For this increase, you totally over look the cost to the exchequer, deficit, economics and any other factor.
The government had started a scheme for deposits of senior citizens and the rate was 9.20% but In July, 14 it was reduced to 8.3%; the amount limited to Rs 15 lakhs. This is totally unjustified. The rate should be a minimum of 12% and the amount limit should be equal to what a person gets as terminal benefits. The government should ensure financial respectability to the senior citizens to walk with their heads straight.
I am sure you will understand the plight of the people whose good part of expenses comes from the interest of their savings of life time.
Sorry if I have offended you in any way.
Thanks and Regards
D. P. Bhateja 2246 sector 48C Chandigarh
Mobile : 9417819504′”

DhananjayParkhe

Bhutan – China Boundary Dispute: A Historical Perspective – Harpreet’s Blog

Even if this is correct – in that case, it is the Bhutanese Government prerogative to allow Indian Army to be there or otherwise. Not the Chinese! If it is Bhutanese sovereign territory – China can not talk rubbish to India and use threatening language which its media is indulging in.  (Note: The location of

(Note: The location of current standoff on the India – China – Bhutan trijunction will be referred to as ‘DOLAM’, with ‘DOKLAM’ referring to the area clai…

Source: Bhutan – China Boundary Dispute: A Historical Perspective – Harpreet’s Blog

DhananjayParkhe

Congress: Congress’s final exit from power matrix | India News – Times of India

The impact of the PRESIDENT and VP being from BJP/RSS will be felt till 2022 by which time the BJP/ NDA will be the Majority party in the Upper House too while enjoying Full or 2/3rd majority after 2019 polls in Lok Sabha too.  Even if something happens in between to the LS – this majority in RS will not let any opposition, mahagathbandhan led government to effectively work.

It is high time though, that the BJP/ NDA government empowered the semi/ demi/ Quasi judicial power wielding ?  so called toothless Regulators in different sectors by giving them full judicial powers to complete the Reform process here.

The concern in Congress ranks is that with the VP, who is also the chairman of RS, belonging to BJP, the opposition party may not get an “indulgent” treatment from the chair. The new reality may force the opposition camp to revise the strategies they have used for three years to corner the government.INDIAAmit Shah’s game of political chess reaches its endgame world trump ‘appreciates’ China, Russia backing on N Korea

INDIA

Amit Shah’s game of political chess reaches its endgame  has been a cat and mouse game between the government and the opposition in the Upper House. With the Congress-led bloc blocking legislations at will in the RS with their numerical superiority , the government’s manoeuvre to designate its crucial agenda as “money bill” triggered a bitter feud. The opposition called it BJP’s ploy to avoid voting on those bills in the RS.

Source: Congress: Congress’s final exit from power matrix | India News – Times of India

DhananjayParkhe

AI flight in US denied take-off over seat belt tags – Times of India

What came first? Customer Service and what worked to achieve this and Compliance?  Indian Resourceful many disregard as JUGAAD !  WELL Done AirIndia.

Air India had another B-777 parked in nearby New York’s John F Kennedy Airport. The airline took out some seat belts from this plane (VT-ALJ) and flew them to Chicago on a Delta flight. Once there, these belts were installed on the seats of the AI plane at Chicago’s O’Hare International Airport. This 342-seater plane then took off for Delhi after a delay of more than eight hours on Friday after its schedule take-off time of 1.30 pm.

Source: AI flight in US denied take-off over seat belt tags – Times of India

DhananjayParkhe

Chinese media thinks PLA can annihilate Indian Army. Can they? A fact check : India, News – India Today

Chinese media thinks PLA can annihilate Indian Army. Can they? A fact check

Despite numerical inferiority, the Indian Army may give the People’s Liberation Army of China a bloody nose if Doklam standoff leads to war.

New Delhi, August 5, 2017 | UPDATED 17:42 IST
Peoples Liberation Army of China: Picture for representation

HIGHLIGHTS

  • 1
    Including reserve components, India has more troops than China.
  • 2
    India and China are equal in terms of fighter aircrafts.
  • 3
    China cannot afford to engage with Indian Navy far off from its supply base.

The Doklam standoff between Indian Army and Chinese People’s Liberation Army started in June. In July, a CAG (Comptroller and Auditor General) report, tabled in Parliament, said that the Indian Army does not have ammunition to fight a war for more than 10 days.

And, now – in August – China’s state media has said that Chinese PLA can “annihilate” Indian Army if war breaks out between the two nuclear-armed Asian neighbours.

A Global Times – a hawkish Chinese government mouthpiece – article said, “If a war spreads, the PLA is perfectly capable of annihilating all Indian troops in the border region.”

The Global Times article described Indian Army as lying “far behind” in strength in comparison to PLA. It said, “It is a war with an obvious result, as PLA has made sufficient preparation for military confrontation. The government of Prime Minister Narendra Modi should be aware of the PLA’s overwhelming firepower and logistics.”

The claim of the Chinese state media calls for a look at how the armies of India and China stack up. According to Global Firepower website – which tracks military strengths of more than 100 countries- India and China are ranked 4 and 3 among 133 military powers of the world.

ARMIES

Chinese PLA is the biggest military power in terms of number of troops employed by it followed by the Indian Army. China has about 22.6 lakh soldiers in its army while Indian Army has 13.6 lakh active troops. This gives China a definite numerical edge over India but there are other factors at work.

If the reserve components of the army are taken into account, China’s relative position weakens in comparison to India. Indian Army has about 28.44 lakh reserve soldiers while Chinese PLA has about 14.52 lakh troops under reserve components.

According to Global Firepower statistics, total military personnel under Indian Army is about 42.07 lakh while for Chinese PLA, the total strength stands at 37.12 lakh.Indian Army has 4,426 battle tanks while Chinese PLA has 6,457. This number looks bigger on paper but in reality, Chinese tanks have to be deployed over much larger border area compared to India’s. Further, Indian Army possesses 6,704 armoured fighting vehicles while PLA has only 4,788.

China has numerical advantage in self-propelled artillery with 1,710 to 290 of India’s. China also has 1,770 rocket projectors compared to 295 under Indian Army. But, in towed artillery, Indian Army is even numerically superior to Chinese PLA. Indian Army owns 7,414 towed artillery while PLA has 6,246 such vehicles.

AIR FORCES

China has 1,271 fighter or interceptor aircraft while Indian Army has 676 such planes. Similarly, China has 1,385 attack aircraft while the Indian Air Force owns 809 such fighter planes. But, the critical point here is again that the area over which the China has to press its aircraft into service is almost three times that of India’s.

Though Indian Air Force has less number of main fighter aircraft, its support system is far superior to Chinese. The IAF has 857 transport aircraft compared to 782 owned by China. India has 346 serviceable airports compared to China’s 507.

In terms of helicopters, India may actually have relative advantage. The IAF has 666 helicopters while China has 912. However, while China has 206 attack helicopter, the IAF has only 16. China’s geographical area is more than three times of India’s.

In all, Indian Air Force has 2,102 compared to 2,955 of China. This is in no way inferior given the strategic dimensions the respective air forces have to look after.

NAVAL FORCES

Though the Indian Navy has three aircraft carriers while China has just one, Chinese naval force looks superior on paper in comparison to India’s. China has 68 submarines compared to 15 of the Indian Navy.

India has 14 frigates while China has 51. Similarly, China has 35 destroyers while Indian Navy has 11. China has 31 mine warfare craft compared to six owned by the Indian Navy. But, the naval power superiority may not actually help China in the event of war.

China cannot afford to engage with the Indian Army so far from its supply base. Its submarines and destroyers may easily be trapped in the Indian Ocean where Indian Navy is a formidable power.

GROUND REALITY

Further, China has too much at stake along its eastern borders for its army and air force to divert its full resources to Indian borders. In contrast, India’s maritime borders are peaceful.

India has a shared border of 13,888 km while Chinese frontline extends upto 22,457 km. India doesn’t have favourable equation on borders Bangladesh, Myanmar, Bhutan and Nepal. But, China is in border tussle with not only in the Himalayas but also in the South China Sea and East China. Its central Asian border is also a worry for Beijing.

Under such security and geostrategic circumstances, the claim of the Chinese state media looks totally misplaced and hyperbole. Chinese government is feeling domestic pressure as India resisted its attempt to alter trijunction in Doklam plateau while it went overboard with provocative and war-mongering statements.

There are signs that diplomatic channels are working and progress is being made especially after National Security Advisor Ajit Doval’s Beijing visit when he met Chinese President Xi Jinping among others. Over the past two days, both India and China have said that diplomatic solution is being worked out. With this in backdrop, it seems the Chinese state media is only playing to the gallery in that country.

Source: Chinese media thinks PLA can annihilate Indian Army. Can they? A fact check : India, News – India Today

DhananjayParkhe

Courtesy: startups.co Newsletter

Founder Updates
In this edition of Founder Hacks, we talk with Kevin Systrom of Instagram about what it’s like to work with Zuckerberg, and include guides to SEO and building a remote team. Looking for live chat support? Click here for more information on how we can help!
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DhananjayParkhe

Interesting: Courtesy- Cato Institute Newsletter

The week’s top headlines with links to related Cato research.
View this email in your browser
August 3, 2017

The RAISE Act Is an Attack on Legal Immigration

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Earlier this week, Republican Senators Tom Cotton and David Perdue unveiled a bill at the White House that would slash the number of immigrants by about 50 percent over the next decade by eliminating several categories of legal immigration.

The purpose of the RAISE Act is to restrict low-skilled immigration in order to raise the wages of American workers.  Unfortunately, the Cotton-Perdue bill would not create a skills-based immigration system, will not increase American wages, and is not a credible bargaining chip in any future negotiations in Congress.

Venezuela Teeters At the Brink of Dictatorship

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Sunday’s fraudulent and illegitimate vote to install a constituent assembly in Venezuela is the definitive step towards consolidating a de jure dictatorship.

It is difficult to conceive the successful installation of a full-fledged dictatorship when you have millions of Venezuelans adamantly opposed to such a move, and thousands of them protesting daily in the streets. However, the regime — in collaboration with Cuba — has firm control over the armed forces and the National Guard. As long as that is the case, it is difficult to foresee any positive changes in the near future.

How should the U.S. respond to the arrival of true dictatorship in Venezuela? 

Cato Wins — Twice — at Anthem Film Festival

Watch School Inc and Freedom on Trial and tell us what you think on Twitter with #SchoolInc and #FreedomOnTrial
Two films associated with the Cato Institute were recent award recipients at the Anthem Film Festival. School Inc. – Andrew Coulson’s three-part documentary on innovation in education, and Freedom on Trial – the Libertarianism.org courtroom drama on income inequality, were both honored at the festival. Both films are available for online viewing.

DhananjayParkhe

A Chapter from my forthcoming PartV of Mentoring Startup Entrepreneurs ebook/ Paperback

Ambitious Startpreneur

Why are Governments insensitive to Social Entrepreneurship?

Startpreneurs are Ambitious !

There is not much worth to being enterprising if you don’t have the ambition to make progress. Your alpha personality makes you want to do more in every aspect of life. “All you need is ignorance and confidence and the success is sure.” – Mark Twain saying may sound to have been said in jest yet it is useful. 

I support NGOs, Section 8 (Old Sec 25) companies, Trusts in their formation strategy onward as Pro-Bono Advisor. As I retired in early 2012, Walking in the morning and evening became a daily routine. Later, post my cardiac issues and diabetes – it became part of the medical management prescribed. 

I now walk between 10-12 Km and keep fit. While walking I use several trial Health related Apps to keep testing as an amateur beta tester on my mobile phones. While music and FM Radio Apps are my constant companions – I am fortunate I still watch a lot and it helps me observe things. 

I met in Gujarat my friends who are doing pioneering work in Social entrepreneurship using CSR funds which remain un-utilized by the corporates for Skills development and helping Startpreneurs – Really Micro ones – those who can start business with a Seed capital given as a grant of Rs. 25-40000. That is very small indeed.

On my way of this walk, I visit a Ganpati Temple with a 60Ft tall statue. It is close to a bus-stand and a new Sky-way has come up near the Walkers/ Joggers garden nearby. I have observed recently under the Swachh Bharat program the Municipal corporation has also made a PublicPay toilet on a BOLT ( Build- Own – Lease- Transfer) basis and a family maintains it and keeps it clean and hygienic. This suburb is Bangalore’s largest upcoming suburb and at last count there are about Half a Million people live here most of whom get water by tankers as civic amenities are still non-existent. 

I was happy to see this initiative of the Pay Toilet which to me is a nice gesture to make a family entrepreneur and self sufficient while keeping the area clean. In Bangalore city the Gardens are well maintained but the Gardeners are not well taken care of. They still live in Tent like huts made of gunny sacks and a whole family of 6-10 people lives in the garden – they still cook on wood. The poor gardener also begs and seeks money from morning walkers which is sad.

I see another beggar near the temple and his geographic area seems to be demarcated to Temple, couple of hotels, bus stand and the unauthorized bike parking space. Bangalore is a different type of city. The Politicians here do not care if the pedestrians have footpath or not and bike riders consider it to park on footpaths available as their birthright. 

I was thinking of a BOLT, Social entrepreneurship and beggary together. As a Edward De Bono Lateral thinking follower, I got thinking. I felt why not convert some of the open land under the skywalk, near the garden and also outside of the footpath as Paid Parking space with a Manned Parking Meter and allow this beggar and gardener cum beggar to allow it to run on BOLT basis. 

What will it entail:

  1. Permission from Municipal corporation to convert the empty land and build a compound, fencing around it. 
  2. Have No Parking boards put up at the designated places in consultation with the Traffic Police.
  3. Get a Parking meter and fix the parking rates for the hour, 4 hours, 6 hours, Overnight parking etc as I have seen people parking for longer durations here.
  4. Issue Bar cards to monthly payment users and equip the two people manning it with Card swipe machines and train them into the usage and help them with a bank account where the bank person comes and collects the cash and charge slips from them and issues a passbook update. 
  5. I think this can help regulate the traffic in this area, help two families to have sustainable income and over a period of time the Municipal corporation can recover its initial investment in fencing, boards, parking meter, printing paper, electricity, no parking boards, swipe machines and training.

I just wish and hope that I am some day able to either get hold of the Corporator to do this or get an influential NGO to influence him, Corporation and also provide them the seed capital to run this and get the right permissions..

I sincerely feel that beggary in the town can be regulated and by right parking habits the traffic menace can also be controlled. We see many Third Gender people crowding or knocking the car windows on the Traffic signals demanding money and people mistreating them and getting into fights. This menace can also be curbed if a sympathetic view is taken towards and the business help provided.

DhananjayParkhe

Cash will always remain King! – MSMEs

Ever since I worked in a Nationalised bank way back in Mid 70’s, I developed an affinity towards Micro and Small Entrepreneurs. I worked for a Lead Bank and we had a RBI Scheme called D.R.I. – Differential Rate of Interest which was just 4% p.a. and slowly Group Guarantee scheme was introduced so as to make finance easy for them.

I have liked these Micro Entrepreneurs ever since. Be it a Newspaper wallah, Milkman, Laundry man, Old newspaper buyer, Plumbers, Electricians, House cleaners, Hair cutting Saloons, Cycle and Motor cycle repairers, Car, tractor repairers, Cobbler, Tailor, Vegetable vendor, Tea/ Coffee vendors, Paan ( Betelnut) vendor (who are small General store in themselves), Carpenters etc. etc.

The reason for this was – In Bank, I had three targets – Deposit mobilization in the village branch I worked for ( 3000 population), Agricultural credit, DRI Loans disbursement, Recovery of money and keeping the Documentation flawless. While my branch earned the Best branch Awards for all of these – I was especially happy that none of the small borrowers of the bank EVER defaulted. While the times were tough in the country with Emergency imposed/ Vasectomy forcefully implemented etc. but I realized that these were the most trusted borrowers.

I began my selling experience at 12. I was a roving cycle salesman and my clientele in the small native town were 1800+ Paanwallahs who were ration card holders ( Matchboxes were in short supply and my uncle’s company had ration cards for all of them which I was filling up). I knew them all by name and address and I could remember their faces. When my uncle’ Matchbox company began launching Sweet areca nut (Supari), Mouth fresheners using their distributors and cycle salesman like me. They were my best customers and always paid cash! I knew their buying pattern and was earning good commissions to pay for my schooling, uniforms, shoes, sports etc. Small and big, they were almost a General Store selling several regular home use items. Later, I joined a bank, fertilizer company and became their customer as I liked eating paan and smoking which I did for a number of years.

In Bangalore, I was a customer of one such Paan shop till I stopped smoking nearly 4 years ago. My wife wanted Paan for a Shravan Friday Puja and I met him after all this while. I was shocked to see that he was almost in tears! Almost all shelves in the small kiosk were empty. He had a bucket full of Paan – but no cigarettes, Gutka, Paan Bahar Nothing! He did not have the Paans that I could buy for Puja. Apparently, there was an issue!

For three days, on my walking route, I noticed, the shutters were down in his shop. I met him this evening and asked if he still keeps candies and does he have a Vicks tablet ( yes, they keep this throat clearing OTC medicine too). He had them today. I asked him what is the problem? Why is the shop empty. He is a Brahmin from Varanasi who settled in Bangalore some 15 years ago by running this shop in front of a popular restaurant in a developing suburb.

He said, he owes money to all his suppliers and is overdue in paying. I said, these days these sellers sell on credit so you must have a rolling credit. He said Yes, he has not been able to pay for three months. I said you did not go to your hometown, you are here and haven’t seemed to have splurged – where did all the cash go? He then said he has a whole lot of customers whom he sells on credit – Paan, Beedies, cigarettes, sweetmeat, candies, fresheners, soap, oil, comb etc. etc. ! Most of the big ones who owe him money are not returning the money. It appeared nearly 90% of his business was happening on Credit. Well. This was not so 50 years ago when I was selling to PaanWallahs! They were cash rich. Many of them would display huge Gold chains and Kadas ( Bangles) and Rings and were lending money to nearby traders on the footpath for good interest. Things had indeed changed !

For small traders, Micro businessmen like him there is no differential rate of interest available from banks now. They depend on the mercy of trade credit. The cost of a location like his are expensive and the cost of making and filling the Kiosk is multi-fold. Of course, now they have the small luxury of a very small fan to dry the sweat from their body. CASH lost its place to CREDIT and the Creditors became dominant. Rather than using the trade credit to do his business well our man became benevolent to his customers who are apparently rich and somehow are having fun to see him struggle and suffer! Our poor entrepreneur who is not literate is learning the lessons of business the hard way!

When I see the cases of e-Commerce companies burning CASH and making huge losses – I am reminded of the old saying I learnt from business people early in my life – the saying was “CASH IS THE KING, I would rather sell less on Cash and have lesser profit than sell huge on credit and keep counting the bills and managing the debtors with difficulty”. Another businessman also taught me another good business saying that translates “It is better to repent having sold for less, rather than waiting for the right price and holding on to costly Inventory”.

Yet another businessman said to me that he would prefer to do a business which generates Huge CASH and has no Credit – No debtors. He gave me an example and gave a saying which translates “To sell milk you need to go door to door while for Wine/ Alchohol – people come with cash to your shop”. Paanwallahs business 50 years ago was similar where people came for Taste and paid cash! No more now, it seems. In my city, where eCommerce booms because of its IT Techies and good employment scenario – the only shops which still do not offer discounts are Liquor/ Alchohol/Wine shops. They even name them as M.R.P. Shops or Maximum Retail Price shops! People still pay cash. In Country’s capital, I have stood in Queue to buy a Bottle of Rum years ago.

Choosing the right Cash generating business is still the key to success in business. For a Micro, Small and Medium scale business more so. I am a member of a MSME association which has many auto parts makers, lathe operators as members and the common complaint is that the auto makers do not agree to buy for less than 180 days’ credit which MSME find tough to give. Plus the fact that there is corruption in Purchase departments, unwarranted quality issues and shrinkages which are also lumped on these hapless businessmen. The climate is not said to be one where there is EASE of DOING Business in India – not atleast for the MSMEs. Sad but true !

DhananjayParkhe

Doklam: Make India an enemy and you will lose your lifeline, Chinese experts caution Beijing over Doklam

Military experts have cautioned that Beijing’s hardball politics is pushing New Delhi further away and could end up making it an enemy.

Source: Doklam: Make India an enemy and you will lose your lifeline, Chinese experts caution Beijing over Doklam

DhananjayParkhe

Courtesy: Ethical Alliance Newsletter

Ethical Alliance Daily News 

China: “Red notice” fugitive stands trial for embezzlement, accepting bribes
Aug 01, 2017 08:00 pm

Once China’s most wanted fugitive, Yang Xiuzhu, who fled China in 2003, stood trial for embezzlement and taking bribes on Friday (July 28 2017). According to the trial held at Hangzhou Intermediate People’s Court in eastern China’s Zhejiang Province, from…
Read More   

Ukraine: Ukraine finance minister denies tax evasion after probe launched
Aug 01, 2017 07:30 pm

Ukrainian Finance Minister Oleksandr Danylyuk denied on Monday an accusation of tax evasion from a lawmaker that has led to an investigation by prosecutors. Danylyuk, a former investment manager who has also served as a deputy head of President Petro…
Read More   

Australia: Labor tobacco donations referred to ICAC and electoral authorities
Aug 01, 2017 07:00 pm

Corruption authorities have been asked to investigate $400,000 worth of donations a tobacco executive made to the Labor Party, potentially breaching NSW law and ALP rules. Greens leader Richard Di Natale has written to the NSW Independent Commission Against Corruption asking…
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Vietnam: Vietnam proposes firing vice minister amid corruption crackdown
Aug 01, 2017 06:30 pm

Vietnam’s ruling Communist party said on Monday that a former executive of electricity firm Dien Quang Lamp should be sacked from her current position as a vice-trade minister as it continues a crackdown on corruption. Public defamation and dismissal of…
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Malawi: Malawi issues arrest warrant for former president over graft scandal
Aug 01, 2017 06:00 pm

Malawi has issued an arrest warrant for its former President Joyce Banda over alleged abuse of office and money laundering offences over a two-year period when she was in office, a police spokesman said on Monday. Banda’s spokesman denied any…
Read More   

Indonesia: Sabu Raijua regent jailed for graft
Aug 01, 2017 05:30 pm

The Surabaya Corruption Court in East Java has found Marthen Dira Tome, the regent of Sabu Raijua in East Nusa Tenggara (NTT), guilty of corruption surrounding the disbursement of education funds amounting to Rp 77 billion (US$5.78 million) in 2007,…
DhananjayParkhe

Did you know…

Did you know…

… that today is the Start of International Clown Week? Clowns have one goal in mind, and that’s to make us happy. This first week of August reminds us to give recognition to those funny clowns who make us laugh and smile. We hope a clown or two brightens up your day today! 🙂

~~~

Today’s Inspirational Quote:

“If by chance someday you’re not feeling well and you should remember some silly thing I’ve said or done and it brings back a smile to your face or a chuckle to your heart, then my purpose as your clown has been fulfilled.”

— Red Skelton

DhananjayParkhe

Top Startup news: courtesy Inc42 I subscribe to.

Inc42 Media

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Digital media has changed the way content is disseminated (or spread), because unlike traditional media, digital media is interactive and two-way.