Word of the Day


WORD OF THE DAY
Adjudicate
ə-joo-dih-kayt
Part of speech: verb
Origin: Latin, late 17th century
1

To make an official decision or judgment

2

To act as a judge

Examples of Adjudicate in a sentence

“The student council was required to adjudicate any accusations of cheating.”

“After years as a public defender he was ready for his promotion to adjudicate on the state supreme court.”

Did you know…


… that today is National Croissant Day? Today we celebrate these delicious buttery, crescent-shaped rolls that are crispy on the outside and soft on the inside! To celebrate National Croissant Day, enjoy a delicious croissant with a generous helping of butter. Yum!

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Today’s Inspirational Quote:

“Education’s purpose is to replace an empty mind with an open one.”

— Malcolm S. Forbes

Did you know…


Did you know…

… that today is Backward Day? Today is the day to do everything backwards! Try writing or reading backwards. Wear your shirt with the back in the front. Walk or talk backwards. Play a board game backwards, from the finish line to the start. Have fun with it!

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Today’s Inspirational Quote:

“Things work out best for those who make the best of how things work out.”

— John Wooden

IACC UPDATE


Ø  For India to remain on track as a favorable investment destination and become a US$5 trillion economy, it has to streamline taxation guidelines and improve GST compliance which will boost exports and increase growth, according to top India-centric American business advocacy groups.US India Strategic and Partnership Forum (USISPF) has appealed to Finance Minister Nirmala Sitharaman to announce reduction and streamlining of various tax and tariff structures and open up the economy, arguing that it would bring the country on the path of fast track growth and create employment in large numbers.US India Business Council, which comes under US Chambers of Commerce, recommended removing price controls in the media and entertainment sectors.

Ø  After struggling to grow its handsets business in India during 2018,Apple  ended 2019 on a high note. Following record sales in the September quarter, the maker of iPhone, iPad and Macbook put up a robust show during October-December 2019.Tim Cook, chief executive of the Cupertino-headquartered firm, said in an investor call, “We had double-digit growth in many developed markets, including the US, the UK, France and Singapore. We also grew double-digits in emerging markets, led by strong performances in Brazil, Mainland China, India, Thailand and Turkey.”

Ø  The US has filed lawsuits against five companies and three individuals allegedly responsible for making hundreds of millions of fake robocalls to American consumers from abroad, mostly from India, and causing massive financial losses to the elderly and the vulnerable. Seeking a restraining order against such call centers and robocalls, the Department of Justice in its class action lawsuit alleged that the companies were warned many times not to place fraudulent calls including government and business-imposter calls; yet they continued to do so and facilitated foreign-based fraud schemes targeting Americans

Ø  US President Donald Trump will visit the Sabarmati Riverfront in Gujarat during his India trip in February, the state Chief Minister Vijay Rupani said on Wednesday. Rupani said this while addressing an election rally in north Delhi’s Shastri Nagar.

 

Ø  Civil aviation minister Hardeep Singh Puri and the aviation regulator  yesterday defended the travel ban imposed on stand-up comic Kunal Kamra by four airlines before the institution of internal enquiries, but legal experts questioned the length of the ban and charged the airlines with failing to follow due process. IndiGo on Tuesday banned Kamra for six months for heckling news anchor Arnab Goswami. Air India, SpiceJet and GoAir banned him “until further notice” after a tweet by Puri urging other airlines to follow suit.

Ø  Indian companies are bracing for production shortages, disruption in shipments and scarcity of critical bulk drugs and life-saving antibiotics amid a travel clampdown in China, which is struggling to contain the outbreak of the deadly coronavirus. In the wake of the disease outbreak, national carrier Air India said it will cancel flights between Mumbai and Shanghai from 31 January to 14 February, while the country’s largest private airline IndiGo said it will suspend flights from New Delhi to China’s Chengdu from 1-20 February.

Ø  Finances of Indian Railways will remain stressed this fiscal as its operating ratio is unlikely to improve in the current fiscal amid dip in earnings. Operating ratio measures expenses as a proportion of revenue or the amount spent on every rupee earned. Railways’ is eyeing an operating ratio of 95% in the current fiscal, down from 97.3% in financial year 2018-19.

Ø  Oriental Structure Engineers, Chetak Enterprises, KNR Constructions, Sadbhav Infrastructure Projects and a joint venture of IRB infrastructure Developers and Modern Road Makers are among the companies that have exited contracts as the National Highways Authority of India (NHAI) failed to give official approval for the execution of projects. According to the norms, the NHAI   gives an appointed date or official date for the road developer to start work.

Ø  Ahead of the Union Budget, the Oil Ministry   has made a renewed pitch for inclusion of natural gas in the ambit of GST to promote the use of the environment-friendly fuel by reducing multiplicity of taxes and improving business climate.

 

Ø  The California Institute of Technology said on Wednesday that it won a US$1.1 billion (837 million pounds) jury verdict in a patent case against Apple   and Broadcom . In a case filed in federal court in Los Angeles in 2016, the Pasadena, California-based research university alleged that Broadcom wi-fi chips used in hundreds of millions of Apple iPhones   infringed patents relating to data transmission technology. Apple said it plans to appeal the verdict, but declined further comment. The company had said in court filings that it believed all of the university’s claims against it resulted from its using Broadcom’s chips in its devices, calling itself “merely an indrect downstream party.”

Ø  Boeing Co. closed the financial books on a tragic and tumultuous 2019 by revealing that total costs for its grounded 737 Max will surpass US$18 billion when the tab for restarting production later this year is included. The planemaker is taking a US$2.6 billion pretax writedown to compensate airlines for ballooning losses from a global flying ban that’s expected to stretch to midyear.

Ø  Facebook  Inc. will pay $500 million to resolve claims it collected user biometric data without consent in one of the largest consumer privacy settlements in US history, according to a statement Wednesday by lawyers for consumers The accord, which requires a judge’s approval, will avert a trial that may have exposed the social networking company to billions of dollars in damages. Facebook stocks plunged more than 7% on Wednesday in after-hours trading after the company reported its fourth-quarter earnings.

Ø  The Federal Reserve kept its benchmark interest rate steady and continued to signal policy would stay on hold for the time being as the U.S. enters a presidential election year. The target range of the federal funds rate of 1.5% to 1.75% is “appropriate to support sustained expansion of economic activity,’’ the Federal Open Market Committee said Wednesday, repeating language from the December statement.

Ø  Senators in President Donald Trump’s impeachment trial peppered House Democrats and defense lawyers with questions on Wednesday, ahead of a crucial vote on whether to allow new witnesses and documents into the proceedings. The legal teams took turns fielding a range of pointed queries from the Senate as it weighs the ultimate question of whether to convict and remove Trump from office over his efforts to have Ukraine announce investigations into his political opponents. It’s highly unlikely that two-thirds of the Senate will vote to throw a Republican president out of office. But a few key swing votes in the GOP could still change the trajectory of the impeachment trial, when the Senate votes on whether to call witnesses or subpoena additional documents.

 

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INDO-AMERICAN CHAMBER OF COMMERCE

Wisdom Quotes


Even the best of memories are only moments long.

We do not remember days, we remember moments. (Cesare Pavese)

If you’re going through a rough time, keep going until you reach the end.
If you’re going through hell, keep going. (Winston Churchill)

From James Clear’s Newsletter


Before you ask for readers, write the article you wish you could read. Before you ask for the sale, create the product you wish you had.

Before you need support, be a supportive friend. Before you need love, be a loving partner.

Always give value before you ask for value.

Random Acts of Kindness


1. Do not argue or fight with your siblings for an entire day.
2. Donate food to the food pantry.
3. Learn about your family tree from an older relative who would enjoy telling you.
4. Subscribe to the paper edition of a newspaper
5. Take out and bring in your neighbour’s bins