Did you know.

Did you know…

… that today is Slide Guitar Day? In 1918, Elmore James, known now as the King of the Slide Guitar, was born in Richland, Mississippi. He had a unique guitar style, noted for his use of loud amplification and his stirring voice.

~~~

Today’s Inspirational Quote:

“Set peace of mind as your highest goal and organize your life around it.”

— Brian Tracy

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Ode to the Siblings

Ode to the Siblings

Ode to the Siblings

by jay

My calm siblings, you inspire me to write.
How I love the way you sneer, walk and squeak,
Invading my mind day and through the night,
Always dreaming about the weird week.

Let me compare you to a superb drill?
You are more ideal, funny and jolly.
Eared rains flood the good fields of April,
And the springtime has the sunny bali.

How do I love you? Let me count the ways.
I love your melancholy hands and eyes.
How your personality fills my days!
My love for you is the strange compromise.

Now I must away with a surreal heart,
Remember my odd words whilst we’re apart.

Thanks to Datamuse, whose word engine was used to complete the poem.

via: Transfin Newsletter.

Today, India celebrated its 70th Republic Day.

Sixty Nine years ago, after a solemn ceremony held in the high domed Durbar Hall of Government House (now Rashtrapati Bhavan), India was declared a Sovereign Democratic Republic at eighteen minutes past ten on the morning of Thursday, January 26, 1950. Six minutes later, Dr. Rajendra Prasad was sworn in as the President. Shortly after 10:30am, the birth of the Republic and the installation of its first President was announced by a salute of 31 guns.

The strong traditions and regality of this Day aside, a quote from Dr. Prasad’s speech that day still charges us:

“Today for the first time in our long and chequered history we find the whole of this vast land from Kashmir in the North to Cape Comorin in the South, from Kathiawad and Cutch in the West to Coconada and Kamrup in the East, brought together under the jurisdiction of one Constitution and one Union which takes over the responsibility for the welfare of more than 320 milion men and women that inhabit it.”

Names of places may have Indigenized…number of men and women may have quadrupled…but celebrating and strengthening this principle each year is worth it.

Happy Republic Day!

JET
Jet’s lenders may propose a revised plan which could see massive cut in Founder and Chairman Naresh Goyal’s stake in the beleaguered airline.

Jet Set Go: As per a Business Standard report, lenders of the domestic airline, led by State Bank of India are now working on a revised plan, which could possibly see Founder and Chairman Naresh Goyal’s stake go down below 20% from the current 51%.

As per the plan:

  • Etihad Airways (which currently holds 24% in Jet) may up its stake to c. 40%
  • Goyal’s holding could be reduced to c. 18%
  • Lenders (primarily SBI) who are planning to convert their debt into equity as well as make fresh infusion are likely to have about 30% stake

The development comes days after Jet’s lenders had proposed a $900m turnaround plan for the debt-laden airways.

While Jet grapples with its financial issues, Aviation Ministry refuses to intervene, stating that the issue is beyond its purview.

US
Trump signs Bill to end US Govt shutdown; no mention of Border Wall money.

Trump Caves: President Donald Trump on Friday signed a Bill that would temporarily end the partial US govt shutdown and fund federal agencies for three weeks until 15th February.

What’s the Catch: The Bill, however, does not include the $5.7bn Trump has been demanding for building the border wall, without which he insisted that he would not reopen the government.

Trump’s Insistence Came With a Price: The 35-day long partial shutdown has cost the US economy at least c. $6bn due to lost productivity from furloughed workers and economic activity lost to outside business, as per S&P Global Ratings.

She’s not one to bluff: Click here to read how House Speaker Nancy Pelosi won the shutdown battle against Trump.

ZEE

Zee Group shares crash after allegations of link to company under fraud investigation.

Up Close: Zee Group on Friday suffered a loss in market capitalisation to the tune of INR14,000cr after shares of its entertainment arm crashed over 30% in light of a media report, which alleged links between its promoter company Essel Group and Nityank Infrapower and Multiventures, a company that is under the scrutiny of the Serious Fraud Investigation Office (SFIO) for deposits of over INR3,000cr after demonetisation.

Zee Enterprises fell c. 31%, Dish TV fell c. 37% and Essel Propack slumped c. 11%.

Read full copy of Essel Group Chairman Subhash Chandra’s letter where he claims that the ‘negative forces’ are sabotaging Zee Entertainment’s strategic sale process here.

Read the original story of The Wire which caused all the fuss here.

You’re Halfway There

TIMEOUT

#GetSetGo

Suresh Prabhu last year launched a logo and tagline for Geographical Indications. What is the slogan for the GI tag?

(Answer at the end of the newsletter)

#ShareYourLink

Liked What You’ve Read So Far? Copy-paste and share your unique invitation link to recommend this email digest to your friends: https://transfin.in/emaildigest-invite?code=dhananjay

ECOMMERCE
76 WTO members push for global ecommerce rules; India stays off. US voices concern as India’s new e-commerce FDI rules are set to kick in from February 1.

What You Need to Know: Given the lack of a consolidated rule to govern the explosive growth of ecommerce giants, 76 WTO members – including the United States, China, the European Union and Japan agreed to negotiate a new framework.

India did not join the initiative having previously said that the WTO should finish off the stalled development-oriented “Doha Round” of talks before moving into new areas.

Perspective: WTO’s 164 members were unable to consolidate over 25 separate e-commerce proposals at the body’s biennial conference at Buenos Aires in December, including a call to set up a central e-commerce negotiating forum.

Backlash: US voices concern as India’s new e-commerce FDI rules, which are set to kick in from February 1 will hinder the investment plans of Amazon and Walmart in the country.

India’s new e-commerce FDI rules ban companies from selling products via firms in which they have an equity interest and also bar them from making deals with sellers to sell exclusively on their platforms.

TECH

Mark Zuckerberg plans to integrate WhatsApp, Instagram and Facebook Messenger.

The Plan: Facebook is reportedly considering a merger of its three messaging platforms– WhatsApp, Instagram and Facebook Messenger, allowing users to send messages across the platforms. (Tweet This)

The Outcome: After the proposed changes including an end-to-end encryption are deployed, a Facebook user could send an encrypted message to someone on WhatsApp or Instagram, without having either of those platforms. The services will continue to operate as stand-alone apps, but their underlying technical infrastructure will be unified.

The Motive: By stitching the apps’ infrastructure together, Zuckerberg seeks to increase the utility of the social network, keeping its users engaged within its ecosystem.

View an analysis video by Euronews here.

TIMEOUT ANSWER: Invaluable Treasures of Incredible India
FINIS (If you found today’s Newsletter share-worthy…seriously…don’t hold back.)
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