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… that today is Don Lockwood’s Lucky Day? In the 1952 movie “Singing in the Rain,” Gene Kelly (as Don Lockwood) declares it’s his lucky day when he, Donald O’Connor (as Cosmo Brown), and Debbie Reynolds (as Kathy Selden) decide to remake “The Dueling Cavalier” as a musical. Let today be your lucky day!
खुशखबरी! 6 दिन बाद इन किसानों के खाते में आ जाएंगे 2000 रुपए, जानें आप इस लिस्ट में हैं या नहीं!
एक अप्रैल को फिर किसानों के खाते में आएंगे 2000 रुपये..
Updated on: March 25, 2019, 10:56 AM IST
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खुशखबरी! 6 दिन बाद इन किसानों के खाते में आ जाएंगे 2000 रुपए, जानें आप इस लिस्ट में हैं या नहीं!
प्रधानमंत्री किसान सम्मान निधि स्कीम (Pradhan mantri Kisan Samman Nidhi Scheme) का फायदा 1 अप्रैल को फिर किसानों के खाते में 2000 रुपये आएंगे ही. कृषि मंत्रालय के अधिकारियों ने न्यूज18 हिंदी से बातचीत में यह बात स्पष्ट कर दी है. इस स्कीम के तहत दो-दो हजार रुपये की पहली किस्त करीब दो करोड़ किसानों के बैंक अकाउंट में पहुंच चुकी है. दूसरी किस्त के लिए भ्रम फैल रहा था कि पता नहीं दूसरी किस्त के पैसे आएंगे या नहीं.पीएम मोदी ने 24 फरवरी को गोरखपुर में किसानों से जुड़ी सबसे अहम योजना की औपचारिक शुरुआत की थी. उसी दिन से पात्र किसानों के अकाउंट में 2000 हजार रुपये की इसकी पहली किस्त पहुंचनी शुरू हो गई थी. सियासी विश्लेषकों ने इसे मोदी का मास्टर स्ट्रोक बताया था क्योंकि राष्ट्रीय स्तर पर पहली बार किसानों के अकाउंट में सीधे पैसा भेजा गया. (ये भी पढ़ें: केंद्र सरकार को पता नहीं किसानों के खाते से क्यों वापस हो रहा पैसा)
पीएम ने गोरखपुर में लॉंच की थी किसानों की यह स्कीममोदी सरकार ने इस योजना को कांग्रेस की कर्जमाफी वाली स्कीम के काट में लॉंच किया. जाहिर है इसके सियासी फायदे का भी अनुमान लगाया गया होगा. सरकार की कोशिश थी कि किसी भी तरह से एक-दो किस्त चुनाव से पहले पहुंच जाए. ताकि यह स्कीम रुकने न पाए.संयोग से पहली किस्त आचार संहिता से पहले जा चुकी है. इस बारे में हमने चुनाव आयोग से जानना चाहा कि इस स्कीम की दूसरी किस्त पर रोक तो नहीं लगेगी? इस पर आयोग की प्रवक्ता शेफाली शरण ने कहा, “हमने इंस्ट्रक्शन इश्यू कर दिए हैं कैबिनेट सेक्रेटरी और सभी चीफ सेक्रेटरी को. कोई स्कीम जो मिनिस्ट्री देख रही है वो अगर हमें रेफरेंस करेंगे कि यह मॉडल कोड ऑफ कंडक्ट का वायलेशन होगा तो हम देखेंगे. जो भी उस स्कीम को चलाने वाली मिनिस्ट्री है वहां बात कीजिए.”इसके बाद हमने प्रधानमंत्री किसान सम्मान निधि योजना के सीईओ विवेक अग्रवाल से बातचीत की. अग्रवाल ने कहा, “इस स्कीम पर मॉडल कोड ऑफ कंडक्ट लागू नहीं होगा.” साफ है कि सरकार तय समय पर (एक अप्रैल को) पात्र किसानों को 2000 रुपये की दूसरी किस्त भेज देगी. (ये भी पढ़ें: इन ‘किसानों’ से वापस ली जाएगी 2000 रुपये की सहायता, कहीं आप तो नहीं हैं इनमें? )
पहली किस्त पाने वालों को मिला था ऐसा संदेश!तीसरी किस्त के लिए आधार जरूरीइस स्कीम की पहली किस्त के लिए आधार जरूरी नहीं था. बाद भी दूसरी किस्त के लिए नंबर जरूरी किया गया लेकिन बायोमैट्रिक वेरीफिकेशन में छूट दी गई है. इसका वेरीफिकेशन तीसरी किस्त मिलने से पहले होगा. तब तक लोकसभा चुनाव बीत चुका होगा और किसानों के अकाउंट में चार-चार हजार रुपये आ चुके होंगे.सरकार ने दूसरी किस्त के लिए आधार बायोमैट्रिक लेने में ढील क्यों दी? इसके बारे में कृषि मंत्रालय के अधिकारियों ने जानकारी दी है. कृषि मंत्रालय के एक बयान में लिखा गया है, ‘हालांकि दूसरी किस्त के लिए शत-प्रतिशत आधार डेटा प्राप्त करना कठिन है, क्योंकि इसके लिए बायोमैट्रिक प्रमाणन की जरूरत है. नामों की वर्तनी में अंतर से बड़े पैमाने पर लाभार्थियों के नाम रद्द हो जाएंगे.’
किसान (file photo)’लाभार्थियों के आधार ब्यौरे को प्रमाणित करने के कारण दूसरी किस्त को जारी करने में विलंब होगा. दूसरी किस्त को जारी करने की तिथि 01 अप्रैल, 2019 है. विलंब से किसानों में असंतोष बढ़ेगा, इसलिए आधार शर्त में ढील दी गई है. यह शर्त तीसरी किस्त जारी करने के लिए मान्य होगी. दूसरी किस्त के लिए केवल आधार संख्या को ही अनिवार्य माना जाएगा. भुगतान से पहले सरकार आंकड़ों को प्रमाणित करने के लिए पर्याप्त कदम उठाएगी.’ये भी
Drop Those Crutches
Learn to let go of the ‘ahs,’ the ‘ums’ and other filler words.
A client I work with frequently is a very strong speaker—she’s confident, powerful and very aware of her message. Yet, even with all that ability, she makes one mistake consistently and is mostly unaware of it.
She begins nearly every sentence with the word “so.”
“So, I thought we’d start by … ”
“So, I’d like to thank … ”
“So, my answer to that is … ”
“So” is her “crutch word,” a term we Toastmasters are very familiar with. In every meeting, the Ah-Counter is tasked with identifying, and delivering a report on, “overusedwords or filler sounds used as a crutch by anyone who speaks during the meeting.”
These include words such as “and,” “well,” “but,” “so” and “you know,” but also mere sounds like “ah,” “um” and “er.” Sometimes they include words such as “literally,” “actually” and “basically.” Whatever form they take, crutch words typically have two attributes: 1) overuse, and 2) meaninglessness.
Crutch words are never necessary and may even get in the way of you making your point.
Why Do We Use Crutch Words?
Theories abound about why people use crutch words. In an article for The Atlantic, Jen Doll suggested we use them to “give us time to think, to accentuate our meaning (even when we do so mistakenly), or just because these are the words that have somehow lodged in our brains and come out on our tongues.”
In a widely-shared Harvard Business Review article, Noah Zandan suggests that filler words come in handy when a speaker is “nervous, distracted or at a loss for what comes next … These may give us a moment to collect our thoughts before we press on.”
I personally believe words such as “um” and “ah” emerge when our brain anticipates a void or an uncertain moment in our presentation and basically freaks out, quickly plugging the hole with a pointless sound.
It takes a lot of confidence to start a speech with a strong first word, so speakers sometimes start with “so” or “OK” as a way of easing into a talk, which may seem less intimidating.
In both cases—and regardless of the cause—the “fix” is unacceptable. Any part of your speech that doesn’t support your point will take away from it, even if in little pieces. And you always want to make sense, never nonsense.
How to Overcome Crutch Words
If you don’t have an Ah-Counter handy, many digital apps now exist to help you discover and count your crutch words (the LikeSo app is one example). But simply knowing and counting your crutches may not be enough. For many, using filler words is so routine and reflexive that asking them to stop saying “ah” or “um” by counting them is like asking someone to control his sneezing by having him count his sneezes.
The trick to controlling this habit is substituting another behavior in its place, or at least adopting tactics that reduce its frequency. In my experience, these four strategies can help.
1. Embrace the Pause
Most public-speaking experts agree that the best replacement for a crutch word is a deliberate pause. Whereas filler words create distraction, pauses have multiple benefits: They create suspense, slow down fast talkers, demonstrate confidence, draw audience attention and give speakers the time they need to communicate with precision.
Knowing these benefits, speakers should deliberately pause when they feel a crutch word coming on. It may feel awkward at first, but with practice, you will soon be pausing instead of using crutch words, and there’s no penalty for pausing. Audiences rarely say, “That was a good presentation, but she paused too much.” Like your sophomore year of high school, pauses are so uneventfulthat they are quickly forgotten.
2. Slow Down
Speakers often use filler words because their mouths are outpacing their minds. Words are coming out erratically and nonsensically before the brain has a chance to organize them into points. But when speakers slow down, they have much more time to plan out the precise phrases they want to use and will not need nonsensical fillers to connect random and pre-baked thoughts.
If you have trouble slowing down naturally, insert more deliberate pauses and raise your volume; both are countermeasures to fast talking. As a naturally fast talkermyself, it’s useless to tell myself, Go slower! But raising my volume and adding more pauses are much more actionableand effective.
3. Know Your Point
When speakers don’t have clear points, they’re inclined to ramble. Crutch words are then generated to connect these rambling sentences and ideas (“and, um … so … ”). But if speakers prepare their points in advance and know them well, they’re able to start them efficiently and wrap up once they’ve successfully delivered them, making rambling and desperate connections less necessary. After all, if you start talking before you know what you want to say, you’re bound to say something pointless.
When you’re nervous and anxious, saying anything—even a crutch word—may feel more comfortable than saying nothing. Practicing mitigates that anxiety by making the speaker more familiar with the material. A comfortable and confident speaker has more control, enabling her to embrace pauses and deftly avoid the “ums” and “ahs.” Practice may not always make perfect, but it can give you the confidence to make good public-speaking decisions.
Crutch words are not an indication of your experience or ability. Some executives use crutch words all the time, while some interns never do. But if you know what your problem words are and learn to control them, you’ll be a clearer and more efficient point-maker, and that’s always a goal worth aiming for.
Are you looking for a way to keep track of ‘ahs’ and ‘ums’ at your next Toastmasters meeting? Learn about the Toastmasters mobile app for Ah-Counters in this video:
Joel Schwartzberg, CC, CL is the senior director of strategic and executive communications for a major national nonprofit in New York City, a presentations coach and author of Get to the Point! Sharpen Your Message and Make Your Words Matter.
Like, Um, How Do I Stop, Ya Know, Using Um and Ah?
An Empty Tradition?
“Happiness is achieved when you stop waiting for your life to begin and start making the most of the moment you are in.”
— Germany Kent
welcome to this week’s edition of the brainpickings.org newsletter by Maria Popova. If you missed last week’s digest — Patti Smith on creativity and William Blake, the stunning natural history illustrations of 18th-century artist Sarah Stone, Jill Lepore on history — you can catch up right here. And if you are enjoying this labor of love, please consider supporting it with a donation – I spend innumerable hours and tremendous resources on it each week, and every little bit of support helps enormously. If you already donate: THANK YOU.
Astrophysicist and Author Janna Levin Reads “Berryman” by W.S. Merwin: Some of the Finest and Most Soul-Salving Advice on How to Stay Sane as an Artist
To be an artist is to live suspended above the abyss between recognition and artistic value, never quite knowing whether your art will land on either bank, or straddle both, or be swallowed by the fathomless pit of obscurity. We never know how our work stirs another mind or touches another heart, how it tenons into the mortise of the world. We never know who will discover it in a year or a generation or a century and be salved by it, saved by it. “The worthiest poets have remained uncrowned till death has bleached their foreheads to the bone,” Elizabeth Barrett Browning wrote, not fully knowing — or perhaps not knowing at all — that she revolutionizing the art of her time.
This is the perennial problem of the artist, for the crown bestowed or denied by the fickle tastes of a contemporary public has little bearing on how the work itself will stand the test of time as a vessel for truth and beauty, whether it will move generations or petrify into oblivion. Walt Whitman nearly perished in obscurity when his visionary Leaves of Grass was first met with scorn and indifference. Emily Dickinson, virtually unpublished in her lifetime, never lived to see her work transform a century of thought and feeling. Germaine de Staël captured this elemental pitfall of creative work in her astute observation that “true glory cannot be obtained by a relative celebrity.”
In our own culture, obsessed with celebrity and panicked for instant approval, what begins as creative work too often ends up as flotsam on the stream of ego-gratification — the countless counterfeit crowns that come in the form of retweets and likes and best-seller lists, unmoored from any real measure of artistic value and longevity. How, then, is an artist to live with that sacred, terrifying uncertainty with which all creative work enters the world, and go on making art?
That is what W.S. Merwin (September 30, 1927–March 15, 2019) explores in a stunning poem celebrating his mentor, the poet John Berryman, published in Merwin’s 2005 book Migration: New & Selected Poems (public library). At its heart is the single greatest, most difficult, most beautiful truth about creative work, enfolding a soul-salving piece of advice on how to stay sane as an artist.
Berryman had co-founded Princeton’s creative writing program and was teaching there when Merwin enrolled as a freshman in 1944. The thirty-year-old professor immediately recognized an uncommon genius in the seventeen-year-old aspiring poet, who would go on to win the Pulitzer Prize and the National Book Award — “the real thing,” Berryman’s then-wife would later recall his sentiment. Merwin himself would remember his mentor as “absolutely ruthless” — a quality he cherished. That constructive, edifying ruthlessness, for which Merwin was forever indebted, comes alive with unsentimental tenderness in this poem commemorating his formative teacher, read here by astrophysicist, literary artist, and poetry steward Janna Levin:
by W.S. Merwin
I will tell you what he told me
in the years just after the war
as we then called
the second world war
don’t lose your arrogance yet he said
you can do that when you’re older
lose it too soon and you may
merely replace it with vanity
just one time he suggested
changing the usual order
of the same words in a line of verse
why point out a thing twice
he suggested I pray to the Muse
get down on my knees and pray
right there in the corner and he
said he meant it literally
it was in the days before the beard
and the drink but he was deep
in tides of his own through which he sailed
chin sideways and head tilted like a tacking sloop
he was far older than the dates allowed for
much older than I was he was in his thirties
he snapped down his nose with an accent
I think he had affected in England
as for publishing he advised me
to paper my wall with rejection slips
his lips and the bones of his long fingers trembled
with the vehemence of his views about poetry
he said the great presence
that permitted everything and transmuted it
in poetry was passion
passion was genius and he praised movement and invention
I had hardly begun to read
I asked how can you ever be sure
that what you write is really
any good at all and he said you can’t
you can’t you can never be sure
you die without knowing
whether anything you wrote was any good
if you have to be sure don’t write
Nearly three decades after he mentored Merwin, Berryman would encapsulate his advice to young writers:
I would recommend the cultivation of extreme indifference to both praise and blame because praise will lead you to vanity, and blame will lead you to self-pity, and both are bad for writers.
Complement with artist Ann Hamilton’s lovely notion of “making not knowing” and this collection of timeless advicefrom some of humanity’s greatest writers, then revisit Levin’s gorgeous readings of Ursula K. Le Guin’s hymn to time, Maya Angelou’s cosmic clarion call to humanity, Adrienne Rich’s tribute to the world’s first woman astronomer, and W.H. Auden’s elegy for unrequited love.
“The fact that religions through the ages have spoken in images, parables, and paradoxes means simply that there are no other ways of grasping the reality to which they refer,” physicist and quantum mechanics pioneer Niels Bohr observed while contemplating the nature of reality five years after he received the Nobel Prize, adding: “But that does not mean that it is not a genuine reality. And splitting this reality into an objective and a subjective side won’t get us very far.”
Bohr, who introduced the notion of complementarity, went on to influence generations of thinkers, including a number of Nobel laureates. Among them was the Swiss-Austrian physicist Wolfgang Pauli (April 25, 1900–December 15, 1958) — another pioneering figure of particle physics and quantum mechanics. Invested in the conquest of truth at the deepest strata of nature, Pauli took up this question of reality as a physical and metaphysical object of inquiry in a rather improbable arena: his friendship with the influential Swiss psychiatrist Carl Jung, whose entire body of work was centered on the conviction that “man cannot stand a meaningless life.”
Pauli’s longtime correspondence and collaboration with Jung occupies a small but significant portion of Figuring(public library) — an exploration of the tessellated facets of our search for meaning, from which this essay is adapted. Their unlikely friendship, which precipitated the invention of synchronicity, bridged the world of science and the world of spirit, entwining the irrepressible human impulses for finding truth and making meaning — a kind of non-Euclidean intersection of our parallel searches for understanding the reality within and the reality without.
Long before he won the Nobel Prize in Physics for his exclusion principle — the tenet of quantum physics stating that multiple identical particles within a single quantum system cannot occupy the same quantum state at the same time — and around the time he theorized the neutrino, Pauli was thrust into existential tumult. His mother, to whom he was very close, died by suicide. His tempestuous marriage ended in divorce within a year — a year during which he drowned his unhappiness in alcohol. Caught in the web of drinking and despair, Pauli reached out to Jung for help.
Jung, already deeply influenced by Einstein’s ideas about space and time, was intrigued by his brilliant and troubled correspondent. What began as an intense series of dream analyses unfolded, over the course of the remaining twenty-two years of Pauli’s life, into an exploration of fundamental questions regarding the nature of reality through the dual lens of physics and psychology — a testament to Einstein’s assertion that “every true theorist is a kind of tamed metaphysicist.” Each used the tools of his expertise to shift the shoreline between the known and the unknown, and together they found common ground in the analogy between the atom, with its nucleus and orbiting electrons, and the self, with its central conscious ego and its ambient unconscious.
While there is a long and lamentable history of science — physics in particular — being hijacked for mystical and New Age ideologies, two things make Jung and Pauli’s collaboration notable. First, the analogies between physics and alchemical symbolism were drawn not only by a serious scientist, but by one who would soon receive the Nobel Prize in Physics. Second, the warping of science into pseudoscience and mysticism tends to happen when scientific principles are transposed onto nonscientific domains with a false direct equivalence. Pauli, by contrast, was deliberate in staying at the level of analogy — that is, of conceptual parallels furnishing metaphors for abstract thought that can advance ideas in each of the two disciplines, but with very different concrete application.
Jung had borrowed the word “archetype” from Kepler, drawing on the astronomer’s alchemical symbolism. More than three centuries after Kepler’s alchemy, Pauli’s exclusion principle became the basic organizing principle for the periodic table. The alchemists had been right all along, in a way — they had just been working on the wrong scale: Only at the atomic level can one element become another, in radioactivity and nuclear fission. Even the atom itself had to transcend the problem of scale: The Greek philosopher Democritus theorized atoms in 400 BC, but he couldn’t prove or disprove their existence empirically — a hundred thousand times smaller than anything the naked eye could see, the atom remained invisible. It wasn’t for another twenty-three centuries that we were able to override the problem of scale by the prosthetic extension of our vision, the microscope.
What had originally attracted Pauli to the famous psychiatrist was Jung’s work on symbols and archetypes — a Keplerian obsession that in turn obsessed Pauli, who devoted various essays and lectures to how Kepler’s alchemy and archetypal ideas influenced the visionary astronomer’s science. In physics, he saw numerous analogies to alchemy: In symmetry, he found the archetypal structure of matter and in elementary particles, the substratum of reality that the alchemists had sought; in the spectrograph, which allowed scientists for the first time to study the chemical composition of stars, an analogue of the alchemist’s oven; in probability, which he defined as “the actual correspondence between the expected result… and the empirically measured frequencies,” the mathematical analogue of archetypal numerology.
But Pauli recognized that the dawn of quantum physics, in which he himself was a leading sun, introduced a new necessity to reconcile different facets of reality. Nearly a century after the trailblazing astronomer Maria Mitchell — a leading figure in Figuring — asserted that “every formula which expresses a law of nature is a hymn of praise to God,”Pauli reflected in one of his Kepler lectures:
It would be most satisfactory of all if physics and psyche could be seen as complementary aspects of the same reality. To us [modern scientists], unlike Kepler and Fludd, the only acceptable point of view appears to be one that recognizes both sides of reality — the quantitative and the qualitative, the physical and the psychical — as compatible with each other, and can embrace them simultaneously.
In my own view it is only a narrow passage of truth (no matter whether scientific or other truth) that passes between the Scylla of a blue fog of mysticism and the Charybdis of a sterile rationalism. This will always be full of pitfalls and one can fall down on both sides.
Four decades before the revered physicist John Archibald Wheeler, who popularized the term black hole, made his influential assertion that “this is a participatory universe [and] observer-participancy gives rise to information,”Pauli wrote to Jung:
Modern [particle physics] turns the observer once again into a little lord of creation in his microcosm, with the ability (at least partially) of freedom of choice and fundamentally uncontrollable effects on that which is being observed. But if these phenomena are dependent on how (with what experimental system) they are observed, then is it not possible that they are also phenomena (extra corpus) that depend on who observes them (i.e., on the nature of the psyche of the observer)? And if natural science, in pursuit of the ideal of determinism since Newton, has finally arrived at the stage of the fundamental “perhaps” of the statistical character of natural laws… then should there not be enough room for all those oddities that ultimately rob the distinction between “physics” and “psyche” of all its meaning?
And yet Pauli was careful to recognize that “although [particle physics] allows for an acausal form of observation, it actually has no use for the concept of ‘meaning’” — that is, meaning is not a fundamental function of reality but an interpretation superimposed by the human observer.
Complement with Carl Sagan on science and spiritualityand Einstein’s historic conversation with the Nobel-winning Indian poet and philosopher Tagore, then revisit other excerpts from Figuring: Emily Dickinson’s electric love letters to Susan Gilbert, Margaret Fuller on what makes a great leader, the story of how the forgotten pioneer Harriet Hosmer paved the way for women in art, Herman Melville’s passionate and heartbreaking love letters to Nathaniel Hawthorne, and astrophysicist Janna Levin’sstunning reading of the Auden poem that became the book’s epigraph.
“Every man or woman who is sane, every man or woman who has the feeling of being a person in the world, and for whom the world means something, every happy person, is in infinite debt to a woman,” the trailblazing psychologist Donald Winnicott observed in his landmark manifesto for the mother’s contribution to society. Inseparable from the psychological role of mothering is the biological reality of motherhood — a biology almost alien in its otherworldly strangeness as a cell becomes a being, with a heart and a mind and a whole life ahead.
That glorious strangeness is what Paola Quintavallecelebrates in Crescendo (public library) — an uncommon picture-poem about the science of pregnancy, evocative of Ursula K. Le Guin’s lovely insistence that “science describes accurately from outside, poetry describes accurately from inside [and] both celebrate what they describe.”
Unfolding across lyrical watercolors by Italian artist Alessandro Sanna — who painted the wordless masterpieces Pinocchio: The Origin Story and The River — the story follows the growth of an almost-being inside a mother’s womb over the nine months of gestation. As small as a sesame seed, it soon sprouts the buds that will blossom into arms and legs, grows its first organ — the heart — and develops its first senses, smell and sound.
By the third month, the fetus gets its fur coat, known as lanugo, and the first fragments of its miniature skeleton begin to form. By month four, fingerprints are being carved onto its tiny digits.
Visual metaphors drawing on the lives of other beings — a bird, a horse, a flower, a school of fish — populate Sanna’s watercolor score of Quintavalle’s spare, poetic chronicle of becoming, their geometry cleverly mirroring the curvature of the mother’s belly that frames the story.
What strikes me is that each of us has undergone this absolutely astonishing process, with no conscious memory of it at all, and yet somehow we don’t walk around in perpetual astonishment that this is how we came to be. Perhaps we should. I am reminded of the great poet and philosopher of science Lewis Thomas’s words: “We forget that nature itself is one vast miracle transcending the reality of night and nothingness. We forget that each one of us in his personal life repeats that miracle.”
Couple Crescendo with Argentine artist, author, and singer Isol’s lovely picture-book about the mysterious and mystifying creature that emerges from birth, then revisit Amanda Palmer’s bold open letter to the BBC about the choice to become a mother as a working artist, and pioneering investigative journalist Lincoln Steffens’s playful, profound 1925 meditation on fatherhood.
Did you know…
… that today is National Chip and Dip Day? Grab your favorite chips and your tastiest dip and celebrate the day with friends and family!
1 Larsen & Toubro to acquire significant stake in Mindtree in an allcash transaction subject to regulatory approvals • Strategic acquisition is in line with L&T’s stated strategy of focusing on services and asset-light businesses to drive future growth • Mindtree is an at-scale, leading digital services based IT player with strong cloud and infrastructure capabilities and a proven delivery track record • Investment to aid L&T expand its presence in the attractive IT/ITES sector Mumbai, March 18, 2019: Larsen & Toubro Limited (NSE: LT, BSE: 500510), one of India’s leading engineering, technology and construction conglomerate, has today entered into a definitive Share Purchase Agreement (SPA) with Mr. V G Siddhartha and his related entities namely, Coffee Day Trading Limited & Coffee Day Enterprises Limited, to acquire 20.32% stake in Mindtree, a global technology services and digital transformation company. L&T will purchase this stake at a price of Rs.980 per share, aggregating to approximately INR 32.69 billion. Immediately following the filing of the Public Announcement, L&T has placed an order with its broker for on-market purchase of up to 15% of share capital of Mindtree at a price not exceeding INR 980 per share. Pursuant to execution of the SPA, the aforementioned market order for share purchase and with the intent to acquire majority stake in Mindtree, L&T has announced an open offer as per SEBI Takeover Regulations (as required under Regulation 3(1) and 4) to the public shareholders of Mindtree to purchase up to an additional 31% of the outstanding shares of Mindtree at a price of INR 980 per share in cash. The acquisition is subject to inter alia receipt of necessary regulatory approvals and satisfaction of other conditions as specified in the offer documents. L&T has sufficient financial flexibility to fund the entire transaction through its existing financial resources. This acquisition is in line with L&T’s stated strategy of focusing on services and asset light businesses to drive profitable future growth. This further adds to L&T’s attractive ITservices platform with a focus on new-age digital / cloud solutions, making it highly complementary to L&T’s current technology services portfolio. Mindtree’s offerings to its customers include application development & maintenance, infrastructure management services, independent testing, package implementation, consulting and IP products related solutions. 2 While Mindtree would remain an independent listed entity, L&T would extend support to Mindtree in its business going forward. Mindtree will benefit from access to larger client base and wider product offerings under a common parentage giving higher returns to shareholders of Mindtree. Commenting on the occasion Mr. S N Subrahmanyan, CEO & Managing Director said: “This acquisition is part of our strategy to deliver industry leading IT services to our clients worldwide. It will help propel L&T’s technology portfolio into top tier of Indian IT companies. Mindtree has a well-established management team which has earned the respect of the market in terms of its service offerings and business practices. This acquisition will allow L&T to further enhance shareholder value for both its own shareholders and Mindtree shareholders in the medium to long term”. Advisors KPMG Corporate Finance is the lead advisor for the transaction. Axis Capital Limited – lead financial advisor and Citigroup Global Markets are acting as financial advisors to L&T. AZB & Partners and Baker & McKenzie LLP are acting as legal advisors to L&T. About L&T Larsen & Toubro is an Indian multinational engaged in engineering, construction, manufacturing, technology services, information technology and financial services with USD 18 billion in revenue. It operates in over 30 countries worldwide. A strong, customer–focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business for eight decades. About Mindtree Mindtree (NSE: MINDTREE, BSE: 532819) is a global IT consulting and services company which helps clients across 17 countries achieve business agility, competitive edge and growth. Mindtree harnesses the power of continuous delivery, digital expertise, industry knowledge and research in emerging technologies to drive efficiencies and enable business innovation for its clientele. Mindtree is regarded as one of the best places to work, which is a reflection of entrepreneurial, collaborative and dedicated “Mindtree Minds” who embody the winning culture defining commitment to excellence, innovation, and co-creation. via