POVERTY ‘s POV :INDIA

WE ARE LIVING IN A DEVOLOPING COUNTRY , INDIA , HAVING ALL THE SHADES OF LOSSES AND GAINS DESCRIBING OUR ECONOMIC STATUS OF THE COUNTRY . WHENEVER WE TALK OF POVERTY , THE FIRST CHARACTER CAME IN TO OUR MIND IS A ‘POOR’. BUT , IS POOR ANOTHER WORD FOR POVERTY ? , ARE THESE WORDS SIMMILAR TO EACH OTHER ? . THE ANSWERE IS A BIG NO ! , THESE TWO TERMS ARE DIFFRENT ALTOGETHER. POOR ARE THOSE WHO HAVE LITTLE OR NO POSSESIONS OR MONEY TAKEN AS A GROUP , WHEREAS , THE POVERTY IS THE QUALITY OR STATE OF BEING POOR OR INDIGENT WANT OR SCARCITY OF MEANS OF SUBSISTENCE INDIGENCE NEED . IN SHORT , POOR IS THE PERSON AND THE POVERTY IS THE STATE OF THAT PERSON .

DO YOU THINK ‘POVERTY’ IS LIMMITED TO THE POOR PEOPLE ? OR IS IT MORE THAN THAT ? . THIS TIME THE ANSWERE IS YES ! , IT IS MORE THAN THAT , IT IS MUCH WIDER TERM THAN WHAT YOU ARE THINKING NOW . THE IDENTIFICATION OF THE POVERTY IS DONE BY SOME ELEMENTS ,MALNUTRITION , HIGH LEVEL OF INFANT , MATERNAL MORTALITY , THE INCIDENCE OF DISEASES LIKE CHOLERA , TYPHOID AND MALARIA .FIRST , LETS TALK ABOUT PUBLIC HEALTH , THE SECTOR WHICH IS NOT GIVEN MUCH IMPORTANCE , BUT , THIS SECTOR IS HIGHLY PROMINENT . THE EVIDENCE OF THIS IS SEEN BY US IN ‘COVID-19’ , HOW OUR HEALTH INFRASTRUCTURE IS AND EARLIER , NO INVESTMENTS WERE MADE IN THIS SECTOR , NOW FUNDS ARE ALLOCATED FOR THE INVESTMENT IN THIS SECTOR AND IT IS BOOSTED WITH HUGE INVESTMENTS . THEN , WHY NOT TO DO EVERYTHING 0N TIME ? WHY DO WE NEED TO WAIT FOR OBSTACLE ?.

IN 1923 , POVERTY WAS ONE OF THE GREATEST BARS TO SANITARY IMPROVEMENT . BAD SANITARY CONDITIONS DUE TO WHICH POVERTY AND SICKNESS REACT UPON EACH OTHER AND TEND TO DIMINISH THE VITAL POWER OF THE PEOPLE AND THEIR CAPACITY FOR IMPROVEMENT. PHYSICAL WEAKNESS OF WORKING UNDER AGE MOTHERS , THE INADEQUATE NOURISHMENT OF INFANTS , INSANITORY AND OVERCROWDED SURROUNDINGS ADDING MORE THIS ELEMENT . THE SOLUTION TO THIS IS TO SPREAD GREATER PUBLIC AWARENESS . THERE IS A NEED TO INCREASE AWARE THE PUBLIC ABOUT POVERTY AND SANITATION . ACTIVE SUPPORT CAN BE GATHERED FROM THE INDUSTRIALISTS AND OTHER LEADING EMPLOYERS . BUT , ABOVE ALL , THE FACT BEHIND THE SUFFERING OF POVERTY BY INDIA IS NOT THE BAD SANITARY CONDITIONS BUT THE WORST ECONOMIC CONDITIONS .

IDEOLOGY IS ALSO A CONTRIBUTIONG FACTOR TO THE POVERTY , AS , IN INDIA , PEOPLE ARE MORE CURVED TOWARDS THEIR CULTURES AND ARE EMOTIONALLY ATTACHED TO IT . DUE TO WHICH THEY END UP LOOSING THE PRACTICALITY , DOING THINGS WHICH IS DIMNISHING CHANCE OF INDIA BECOMING A DEVOLOPED COUNTRY . IT IS ALSO ARGUED THAT POVERTY IN INDIA IS PRETTY MUCH DISTINCT FROM WEST . RELIGIOUS CUSTOMS ARE BECOMING THE BARRIER. IT IS JUST THAT WE NEED TO WOVEN PRAGMATISM IN OURSELVES TO MINIMISE POVERTY IN OUR COUNTRY .

OVER GROWING OF POPULATION IS ANOTHER CONTRIBUTING FACTOR TO THE POVERTY INCREASE , HERE COMES THE CHANGE IN THE MEANING OF THIS WIDER TERM . IT IS DESCRIBED BY THE VULNERABILITY OF INDIA DUE TO NATURAL SHOCKS FOR EXAMPLE FAMINES AND PANDEMICS ETC. IN 1903 INDIA FACED THE PROBLEM OF HEALTH AND NUTRITION , AS WE ARE AWARE HOW THESE TWO TERMS ARE CLOSELY BOUND TO THE ECONOMIC ORGANISATION OF THE SOCIETY . NUTRITION IS SUCH A SIGNIFICANT FACTOR , A FOUNDATION FOR HUMAN DEVOLOPMENT , ONLY AN ADEQUATE NUTRITION CAN DO . ERADICATION OF POVERTY WILL ONLY SOLVE THE PROBLEM OF NUTRITION MAKING EVERYTHING FALL IN ITS PLACE.

OVERPOPULATION HAS ALSO LED TO UNEMPLOYMENT IN THE COUNTRY , THERE IS LOSS OF JOBS IN THE COMPANIES , THIS IS LOSS OF JOBS IS ALSO A KIND OF POVERTY , WHICH , THE STATES IN INDIA ARE FACING SPECIALLY KERELA . IN KERELA , THE LITERACY RATE IS THE HIGHEST AMONG ALL THE STATES BUT THE UNEMPLOYMENT HIGHEST ON THE SCALE HAVE YOU EVER WONDER WHY ? BECAUSE THE LITERACY RATE IS THIS MUCH HIGH THAT THE JOBS AVAIBLE DOESN’T SUIT THE QUALIFICATIONS OF THE PEOPLE , THEIR CAPABILITY IS THIS MUCH HIGHER THAT THEY REFUSE TO DO BECAUSE THE JOB IS NOT RIGHT ACCORDING TO THEIR EDUCATION . HOW IT IS CONNECTED TO THE POVERTY ? THE ANSWERE IS HIDDEN IN THIS SET OF WORDS , THE UNEMPLOYMENT IS THE INPUT AND POVERTY IS THE OUTPUT OF THE UNEMPLOYMENT .

POVERTY CAN ONLY BE ERADICATED BY FOCUSING MAINLY ON THE SOCIO – ECONOMIC ASPECTS OF THE COUNTRY.

Why is 9 to 5 the norm?

There are a lot of things that we take for granted in our day-to-day lives. Like maybe you were supposed to be right now even for those of you who are students or business owners, freelancers or part timers, there is no doubt that you in some way work around or are influenced by the 40 hour work week people arrive at work at 9:00 AM. Go home at 5:00 PM Monday to Friday and this is pretty much the standard arrangement among state vast array of professions and equally vast array of countries and companies that why what is going on here. Industry, technology and culture have all drastically changed since this arbitrary figure was introduced. Yet it has stood the test of time. So is 40 hours really the optimal work week? How is this filled out, and are there alternatives that are based more in economics rather than tradition?

The 40 hour work week has not been around forever, so before we start to explore alternatives, it’s important to understand how we got here. Our working lives are mostly determined by the value that we add the concept of having a set job with a contract in a set of expectations is a surprisingly modern concept. Of course, ultimately started from need to literally put food on the table. The days of Hunter gatherers and eventually developed into farming. Most societies that have existed from the Egyptians to Renaissance era Europe. People were primarily farmers. The working hours on a farm are very fluid. There are days and even entire seasons where pretty much nothing needs to be done. Then of course there are times of massive activity around harvesting and planting. But the take away from this is that a 40 hour work week would just not function in this type of environment, and that’s not to say that farmers need to put in more hours, although they definitely do, but it’s more so that clocking in at 9:00 AM and then clocking out at 5:00 PM just wasn’t going to work when animals need to be fed at 5:00 AM and rounding up cattle can take weeks at a time. The other key point is that there is a pretty serious point of diminishing returns on farming man hours, so long as a farmer gets done at what needs to be done, they aren’t going to get much more output from putting in any extra hours. You can’t harvest more week then what is growing in your field and even a 100-hour work week is not going to make a cow grow any faster.

This all started to change of course during the Industrial Revolution all of a sudden workers were moving into industrial settings on mass and into roles where they got out what they put in someone in a glass blowing factory could produce more jars in 12 hours than they could in six hours and a coal miner could dig more coal if they work six days a week rather than five days. So, the pressure was getting more people to work more hours to make more. Output industry at this time was still very labour intensive. The ultimate limitation on output was actually how many hours they could get people to work. This continued on for some time, but slowly and steadily technology did improve. All the while there was tension between the factory owners that control the land and capital and the workers that controlled the labour in the factors of production. If any of these factors went missing, production would stop. Things like labour strikes were kind of bad for everyone, but they were essential in pushing the agenda of workers with limited individual negotiating power. One of the big things that they do in the go she ate Ng was working hours working 14 hour days was great for outlook, but less great for workers sanity and safety, especially when you consider that they were working pretty much around the Clock and in amongst steam powered cast iron meat grinders by the late 1800s US Congress and individual states were starting to pass laws that mandated a maximum 8 hour workday, which sounded great, but of course factory owners lobbied hard against this. They argued that if something took 12 hours of constant work to manufacture, then it would no longer be possible to make.

In the US, and they would be ought to take their business overseas. Sound familiar. This led to most of these laws being built with so many allowances and loopholes it was pretty much business as usual. It’s actually going really make much progress for the next few decades, and it was only turned around by the decision of an unlikely champion of the working man. Henry Ford rolled out the 8-hour working day across all of these factories in 1914, much to the shock of his competition is workers and the government. This is also coming along with a sweeping pay rise to $5 per day, which at the time was pretty significant. The idea behind this was that even workers had more money in their pockets. And more hours in their day they would have more ability to go out and consume up. Until this point, economics was primarily determined by how much could be produced. The bottleneck of society was its industrial potential, but with the rise of heavy industry and production lines, these had shifted to consumption, making all the Ford model Tees in the world was useless. If nobody would buy them and you hours also had some much more tangible benefits for the company, it made them the place to work. Think of it in the modern world working at Google or Goldman Sachs is anecdotally seen as professional Nirvana. In the 1920s that was forward, they were on the cutting edge and they treated it and pay their employees. Well. This meant that they could attract the most experienced technicians, which in the age of production lines were starting to come up more and more important, the profits of the company soon jump from around $30,000,000. A year, two $60,000,000, to get it. This is, of course, due to a variety of factors. Big one was their new pool of experienced and motivated workers. Now, so far all looks like working hours have adapted to the needs of the day. Farm workers worked around farm. Judy’s early industrialists worked around. Early industry and modern industry just worked around modern industry. Office workers are kind of just followed suit so how is it decided that this is how we work? A 40 hour work week has a simple elegance to it. It divides working days neatly into three with eight hours to work. 8 hours of recreation, and 8 hours to sleep and it still has two days off a week for people to go out and be good little consumers. Outside of this the 40 hour work week has kind of mandated the 40 hour work week. If a company is engaged in any type of business to business, relationship is going to need to be able to accommodate deliveries or sales orders. At the time they are processed, which will be between 9:00 and 5:00, but it is easy to tell that this isn’t always the best arrangement, but those of you who work in a normal office environment think on how much of the day is actually spent on task. The figures vary wildly. Study to study an industry to industry, but most research notes that modern office workers only spend about 45% of their working hours on their primary task. The rest is made up of things like lunch and coffee breaks, meetings, distractions, and the infamous task of trying to look busy. Obviously, some of these in celery duties. But in many ways, office workers are a lot more like farmworkers number. How many hours in account? And putting up the office, they’re only going to be able to produce one quarterly report per company per quarter and times between those reports. They might not have anything to do at all. There are exceptions, of course. Things like sales, ad rolls with billable hours can benefit from more time in the office, but that’s not most workers. Most workers have a task they do, and so long as that task is done, they have justified their existence. Now this all causes the first major. The plight of the seasonal worker takes that corporate account again. They will be expected to come into the office 40 hours a week, but for a lot of that time there won’t be much for them to do at all between major reporting dates, there will be a lull in their responsibilities in the same way that farmers had a lull in their responsibilities between planting and harvesting. Of course, as we saw earlier, the farmers would just pull back on their hours during these levels, but accounts can’t really do that if they’re not there from 9 to 5, bosses possible start asking questions during major recording periods. Corporate accountants will be tasked with putting together major reports for investors. Regulatory bodies, or even just the companies I management and those tasks could very easily consume more than 40 hours a week. We refinery is happy to work 70 hour weeks during harvest because they can go back to work in 20 hours a week. Once they’ve done, an accountant might be less thrilled about that arrangement because they will only ever be able to go back to the standard 40 hour week despite overworking the poor accountant. It’s actually very bad for morale. Humans are very outcome driven animals.

Most research notes that people don’t actually mind putting in long hours, which even outcome like presenting or finishing a harvest because they can’t deal a sense of pride. Accomplishment in their work once it’s done, what they do hate is what some time spent doing very little interspersed with peaks of massive stressful expectations.

people’s behaviour deteriorating

The statement linking technology negatively with free thinking plays on recent human experience over the past century. Surely there has been no time in history where the lived lives of people have changed more dramatically. A quick reflection on a typical day reveals how technology has revolutionized the world. Most people commute to work in an automobile that runs on an internal combustion engine. During the workday, chances are high that the employee will interact with a computer that processes information on silicon bridges that are .09 microns wide. Upon leaving home, family members will be reached through wireless networks that utilize satellites orbiting the earth. Each of these common occurrences could have been inconceivable at the turn of the 19th century.

The statement attempts to bridge these dramatic changes to a reduction in the ability for humans to think for themselves. The assumption is that an increased reliance on technology negates the need for people to think creatively to solve previous quandaries. Looking back at the introduction, one could argue that without a car, computer, or mobile phone, the hypothetical worker would need to find alternate methods of transport, information processing and communication. Technology short circuits this thinking by making the problems obsolete.

However, this reliance on technology does not necessarily preclude the creativity that marks the human species. The prior examples reveal that technology allows for convenience. The car, computer and phone all release additional time for people to live more efficiently. This efficiency does not preclude the need for humans to think for themselves. In fact, technology frees humanity to not only tackle new problems, but may itself create new issues that did not exist without technology. For example, the proliferation of automobiles has introduced a need for fuel conservation on a global scale. With increasing energy demands from emerging markets, global warming becomes a concern inconceivable to the horse-and-buggy generation. Likewise dependence on oil has created nation-states that are not dependent on taxation, allowing ruling parties to oppress minority groups such as women. Solutions to these complex problems require the unfettered imaginations of maverick scientists and politicians.

In contrast to the statement, we can even see how technology frees the human imagination. Consider how the digital revolution and the advent of the internet has allowed for an unprecedented exchange of ideas. WebMD, a popular internet portal for medical information, permits patients to self research symptoms for a more informed doctor visit. This exercise opens pathways of thinking that were previously closed off to the medical layman. With increased interdisciplinary interactions, inspiration can arrive from the most surprising corners. Jeffrey Sachs, one of the architects of the UN Millenium Development Goals, based his ideas on emergency care triage techniques. The unlikely marriage of economics and medicine has healed tense, hyperinflation environments from South America to Eastern Europe.

New Banking entity will create jobs in India

On April 1, 2014, the Election Commission (EC) gave approval to the Reserve Bank of India (RBI) to proceed with licensing a third set of private banks. The last time that RBI licensed new banks was between 2003 and 2004 when it decided to let Kotak Mahindra Bank and Yes Bank into the market. It is hoped that the current licensing will help India’s central bank to expand the reach of the Rs 84 trillion banking industry. Last week, the RBI granted bank licenses to Bandhan Financial Services and Infrastructure Development Finance Company (IDFC). There are over 20 companies in the race for new banking licenses and it is said that 1,500 to 5,000 jobs are likely to be created in the next two years for each new banking license awarded by the RBI.  

Some of the areas where extensive hiring is likely to take place are retail banking, credit, technology, operations, branch banking, risk and treasury. And since India is focusing on financial inclusion, jobs are expected to open up in smaller centers. There will be a huge demand for people who have worked in tier 2 and 3 cities and rural areas as they will be able to understand the issues pertinent to financial inclusion. Currently, less than 30 percent of the Indian population has access to bank accounts. So, there is a lot to be done in the banking and financial sectors in India. The rural markets are untapped and by expanding and venturing into these markets, the banking and financial sectors will be able to witness growth and profitability.  

At IDFC alone, there have been key appointments, including that of the group head of new initiatives and the COO – Ajay Mahajan, former banker and financial services entrepreneur has been appointed the group head of new initiatives and Avtar Monga, veteran banker, has been named the COO. These new licenses will give rise to a number of backend jobs too, including those in processing and outsourcing. Every time a new entity is formed, jobs will be created not only in the entity but in other organizations linked to this entity. And this is exactly what is happening with the licensing of new banks.   

It is hoped that with the establishment of new banking entities, the unemployment rate in India will reduce. Reports claim that in the next two years, a number of people working in banks will be retiring and this will increase the demand for employees at various levels. India will witness a sharp increase in employment in the coming years and the growth and profitability of the banking and financial sectors are imminent. In any developing country, there is a huge scope for the growth of various industries. And this is what the RBI is planning to achieve by providing licenses to new banks. With an influx of new banks comes competition and this leads to greater productivity. So, by providing licenses to new banks, India will not only see a rise in the employment rate but it will also see a stark increase in the service quality.  

Anywhere between 1,500 and 5,000 jobs are likely to be created over 1-2 years for each new banking licence awarded by the Reserve Bank of India (RBI), estimates by leading head hunters, including Korn/Ferry International, Egon Zehnder, Heidrick & Struggles, EMA Partners, Russell Reynolds Associates and Randstad India, suggest. The RBI granted bank licences to micro lender Bandhan Financial Services and Infrastructure Development Finance Company (IDFC).

Based on a set of 1,938 companies spread across all sectors, the study said the value of sales in FY19 was Rs 69 lakh crore thus covering the entire corporate sector. It includes all listed public sector entities but the SME segment may find less representation in this sample.

As per the study, the aggregate headcount or employment increased at a CAGR of 3.3% over a four-year period from 2014-15 to 2018-19 compared with a CAGR of 7.5% in gross domestic product (GDP) during this period. In terms of growth in employment on an annual basis, it was 2.5% in 2015-16 and 4.1% in 2016-17. “Therefore, there is a case that supports the argument that employment growth has not been commensurate with GDP growth with a difference of 4.2% in CAGR during this period,” the study showed.

It showed that around half the companies had witnessed a decline in growth in employment over this time period while 35% of them had witnessed growth of 11.5% on the aggregate each with an above average CAGR of 3.3%.

Core worries


The ratings agency highlighted that core industries have witnessed “virtually negative growth in headcount”, with crude oil just about maintaining the employment level. These industries have been impacted by the slowdown in GDP growth as well as the challenges on the NPA side for banks.

A similar picture is witnessed for the heavy investment industries where growth has tended to be negative for power and capital goods and just 0.4% for infra. Among manufacturing industries, healthcare and automobiles registered a healthy growth of 4.8% in employment whereas the financial sector’s performance was the impressive with banks, NBFCs and insurance witnessing impressive growth

In the non-financial sector segment, the IT and retail industries registered near or above average growth while telecom, hospitality and realty witnessed negative growth. The telecom industry has been through upheavals which have led to several mergers that have impacted headcount. In case of realty, the decline in growth in business impacted job prospects, it said.

“The CAGR in employment and growth in physical production for industries in the manufacturing sector are not well related,” CARE Ratings concluded, adding that growth in employment has trailed growth in GDP indicating that the two have not moved in commensurate terms, and that service sector has performed better than manufacturing with financial sector industries doing better in terms of higher recruitment.

Shoumik, the trending Library man on twitter

Vaishali Singh

After sharing a tweet containing the library image, a man started getting proposals. Twitter user @Shoumik_ shared images of a room stacked with books, saying: “For those who didn’t know……I live in a library.” And the picture got viral.

While one of the images showed a study desk surrounded by shelves similar to the ones in a library, the other showed a cosy corner with a rocking chair. In another tweet, the user also disclosed that this is just 75 per cent of his total collection which is around 8000 books.

Since being shared online, the post has created quite a buzz on social media with many requesting if they could become Shoumik’s roommate. One user even offered her hand for marriage. Soon after he posted this tweet, book lovers went gaga over the man’s vast collection of books. At the time of writing this story, the tweet had over 8k likes and was flooded with comments. Several netizens expressed their amazement, while many others envied his collection. Some users even said they wanted to be the man’s roomie. That’s not all. The man even received marriage proposals because of his collection of books.

iPhone 11, samsung phones, one plus and more: discounts on Amazon freedom sale

Vaishali Singh

Amazon India has announced that it will be hosting a new, “Freedom Sale”. This sale is already underway and will go on till 11:59 pm on August 11, 2020. Under the sale, Amazon is offering deals across smartphones, consumer electronics, fashion, beauty, large appliances, and TVs.

During the sale period, customers will be extended a number of aggressive offers, including a bank offer under which they will get 10 per cent instant discount up to Rs 1,500 while making purchases using SBI Credit cards on a minimum purchase of Rs 5,000. There will also be other offers, including no-cost EMIs on Credit cards, Debit cards, Bajaj Finserv, and Amazon Pay Later.

Amazon has announced that mobiles from some of the top brands will be available with up to 40 per cent discount. There will also be exchange offers up to Rs 13,500 and no-cost EMI starting Rs 1,665 per month.

The most interesting of these offers will be on recently launched devices like the Samsung Galaxy M31s, OnePlus Nord, and the Redmi Note 9. Apart from this, there will discounts on other phones too, with up to INR 4,000 off on OnePlus smartphone s and up to Rs 5,000 off on Xiaomi devices. For example, the OnePlus 7T will be available at a discounted price of Rs 35,999 during the sale. The OnePlus 7T Pro on the other hand is available at Rs. 43,999. The Xiaomi Redmi K20 Pro is also benefitting from the sale with the phone selling for a discounted price of Rs 22,999.

Amazon has also revealed that flagship Samsung smartphones will get up to Rs 25,000 off, while there will also be additional exchange offers up to Rs 4,000. During the sale, the iPhone 11, and iPhone 8 Plus will also be available at discounted prices.

Accessories including headphones will be at up to 70 per cent off, while cameras will be available at a starting price of Rs 2,416 per month. Amazon is also promising up to 30% off on laptops during the sale. For those looking to buy a new smart TV during the sale, Amazon is offering up to 60% off on Smart TVs.

Non Personal data faces pushback from US giants

Vaishali Singh

Government’s plan to regulate “non-personal” data has jolted US tech giants Amazon, Facebook, and Google, and a group representing them is preparing to push back against the proposals, according to sources and a letter seen by Reuters. A government-appointed panel in July recommended setting up a regulator for information that is anonymised or devoid of personal details but critical for companies to build their businesses.

The panel proposed a mechanism for firms to share data with other entities – even competitors – saying this would spur the digital ecosystem. The report, if adopted by the government, will form the basis of a new law to regulate such data.

But the US-India Business Council (USIBC), part of the US Chamber of Commerce, calls imposed data sharing “anathema” to promoting competition and says this undermines investments made by companies to process and collect such information, according to a draft letter for the government.

“USIBC and the US Chamber of Commerce are categorically opposed to mandates that require the sharing of proprietary data,” says the USIBC’s previously unreported letter, which is likely to be completed and submitted in coming weeks to India’s information-technology ministry.

“It will also be tantamount to confiscation of investors’ assets and undermine intellectual property protections.”

A USIBC spokeswoman had no comment on the draft letter. The US Chamber of Commerce didn’t respond to Reuters queries.

The head of the panel, Kris Gopalakrishnan, a founder of technology giant Infosys, said the group will work with the government to review input from the industry.

Ministry of Electronics and Information Technology, Amazon, Facebook, and Alphabet’s Google  did not respond to requests for comment. The report is open for public comments until September 13.

Industry welcomes Defence Ministry’s move to stop import of 101 defence items in phased manner

Indian industry has welcomed the defence ministry’s move to stop import of 101 defence items in a phased manner. Defence Minister Rajnath Singh yesterday announced to put 101 items on import embargo to boost indigenisation of defence production.

Confederation of Indian Industry (CII) director general Chandrajit Bannerjee welcomed the curbs and the announcement that 52,000 crore rupees will be earmarked for procurement from domestic manufacturers. He said, defence minister’s announcement for negative import list of defence systems and platforms marks the launch of a ‘new glide path’ for AtmaNirbhar Bharat.

FICCI has described it a great leap forward for Atmanirbhar Bharat program in defence production. FICCI’s defence committee head SP Shukla said earmarking of 52,000 crore rupees for domestic capital procurement fulfils a request by the industry chamber to provide long-term visibility on defence procurement plans. Chairman and managing director of Bharat Forge Baba Kalyani said the announcement is a strategic step that will propel the Atmanirbhar Bharat narrative and bolster Indian defence equipment manufacturing industry.

He said the growth of the domestic industry especially the MSME sector, will lead to self-reliance, reduced expenditure on imports, saving of foreign currency, creating job opportunities, revival of consumption and ultimately getting us closer to the common goal of 5 trillion economy.

PM launches Rs 1 lakh cr agriculture infrastructure fund; Also releases 6th installment of PM-Kisan scheme

Prime Minister Narendra Modi has launched one lakh crore rupees agriculture infrastructure fund to give a leg up to post-harvest management and marketing of agricultural produce. Speaking on the occasion, Mr Modi said the scheme will provide better warehousing and cold storage facilities for farmers. He said new jobs will be created as food processing and post-harvest facilities are set up in rural areas.
 
Prime Minister said, the scheme will enable startups to scale up their operations and India to build a global presence in organic and fortified food. The fund was launched with 1,128 crore rupees of new loans disbursed to more than 2,200 cooperative societies. During the event, the Prime Minister also transferred 17,100 crore rupees to more than 8.5 crore farmers under the PM-Kisan direct income assistance scheme.
 
Under the infrastructure scheme banks and financial institutions will provide one lakh crore in loans to cooperative societies, farmer producer companies, self-help groups, entrepreneurs, startups and infrastructure providers. The objective is to provide medium to long-term debt financing for setting up of post-harvest infrastructure and community assets for marketing of farm produce.

PM Modi to inaugurate submarine Optical Fibre Cable connecting Chennai, Port Blair today

Prime Minister Narendra Modi will today inaugurate and dedicate to the nation submarine Optical Fibre Cable (OFC) connecting Chennai and Port Blair through video conferencing. The foundation stone for the project was laid by Mr Modi on 30th December 2018 at Port Blair. The submarine cable will also connect Port Blair to Swaraj Dweep, Little Andaman, Car Nicobar, Kamorta, Great Nicobar, Long Island, and Rangat. This connectivity will enable delivery of faster and more reliable mobile and landline telecom services to Andaman and Nicobar Islands.
 
Enhanced telecom and Broadband connectivity will boost tourism and employment generation in the Islands and also give an impetus to the economy and raise standards of living. Better connectivity will facilitate delivery of e-Governance services like telemedicine and tele-education. Small enterprises will benefit from opportunities in e-commerce, educational institutions will utilize enhanced availability of bandwidth for learning and knowledge sharing.
 
Once inaugurated, the submarine Optical Fibre Cable link will deliver bandwidth of 2×200 Gigabits per second, Gbps between Chennai and Port Blair, and 2×100 Gbps between Port Blair and the other islands. Provision of reliable, robust, and high-speed telecom and Broadband facilities in these Islands will be a landmark achievement from the viewpoint of consumers, as well as for strategic and governance reasons. 4G mobile services, which were constrained due to limited backhaul bandwidth provided via satellite will also see a major improvement. Business Process Outsourcing services and other medium and large enterprises will also reap the benefits of better connectivity.
 
The project is funded by the Government of India through the Universal Service Obligation Fund (USOF) under the Department of Telecommunications in  Ministry of Communications. Bharat Sanchar Nigam Limited (BSNL) executed this project while Telecommunications Consultants India Limited (TCIL) is the Technical Consultants. About 2,300 Kilometers of Submarine Optical Fibre Cable has been laid at a cost of about 1 thousand 2 hundred 24 Crore rupees and the project has been completed in time. 

Tamil Nadu Class 10th board SSLC result declared

Vaishali Singh

TN Board SSLC 10th Result 2020, Tamil Nadu Board SSLC Class 10th Result 2020 at tnresults.nic.in, dge1.tn.nic.in, dge.tn.gov.in, dge2.tn.nic.in Live Updates: Around 9.7 lakh candidates who had appeared for the SSLC, class 10 exams will get their result through the website tnresults.nic.in

More than nine lakh students were waiting for the results which was declared today. The result was declared today at 09:30 am on the TNDGE official website.

The Tamil Nadu Directorate of Government Examination (TNDGE) released the result for the Secondary School leaving certificate examination (SSLC) or class 10 examination on Monday, August 10. Around 9.7 lakh candidates who had appeared for the SSLC, class 10 exams will get their result through the website tnresults.nic.in

The state government cancelled the board exams due to Coviid-19 and is awarding marks based on half-yearly and quarterly exam marks of students.

“The results of Class X would be declared at 9.30am on August 10. Candidates can check their results by registering their date of birth and roll number,” C Usharani, director of government exams, said in a release.

If students have any grievances over their marks, they can submit the form through their schools from August 17 to 25. The forms will be received on the DGE’s website www.dge.tn.gov.in and processed

“The results would be conveyed through school headmasters,” the release added. The candidates also can get provisional mark sheets from August 17 to 25.

In order to clear the examination, candidate needs to score a minimum of 35 marks out of 100 in each subject while for science candidate needs to clear the theory and practical examination separately such as they need to score 20 out of 75 marks in theory paper and 15 out of 25 marks in practical paper to be declared a pass.

Karnataka SSLC result to be declared today

Vaishali Singh

Karnataka State Education & Examination Board, KSEEB would be releasing the SSLC Result 2020 today – August 10, 2020. The Karnataka SSLC Result 2020 would be available online on karresults.nic.in and kseeb.kar.nic.in from 3 pm onwards. Check out the steps and direct links to check the results here.

This year the results have been delayed as a few papers were postponed due to coronavirus pandemic. As many as 8.48 lakh students then appeared for the examination in the month of June. The evaluation was recently completed and the results would be released today.

About examination

KSEEB conducts the SSLC Examinations in Karnataka for students of Class 10. More than 8 lakh students appear for the board examinations. In 2019, the number of students who appeared for Karnataka SSLC was 8.25. This year, the number of students has increased to 8.48 lakh candidates.

Karnataka SSLC results are usually released by the board usually in the month of April or May. In 2019, the results were announced on April 30. They were delayed this year due to the pandemic.

Final year written exams to be cancelled, Delhi state Government

Vaishali Singh

In response to a petition challenging UGC guidelines mandating the conduct of final year exams by universities before September 30, Government of Delhi has informed the Supreme Court that Delhi State Universities exams have been cancelled.

In a latest decision, Deputy Chief Minister of Delhi has directed “all Delhi State Universities to cancel all written online and offline semester examinations including final year exams.“

The Supreme Court had directed. all parties to file their affidavits by August 7, and for rejoinders to be filed a day after that.

Delhi government in its affidavit states that on July 11, a decision was taken by the Deputy Chief Minister/Higher and Technical Education Minister of the National Capital Territory of Delhi that all online-offline exams of universities under the state including final year exams would be cancelled in the wake of rising COVID-19 cases.

However, the affidavit notes that some vice-chancellors of certain universities were in favour of wrapping up at least the final semester exams.

However, after perusing all details including the latest UGC directive to complete final year exams by September 2020, Delhi government decided to stick to its July 11 decision and continue with not holding the exams.

Delhi Government has further stated that “in Delhi’s State universities, best efforts were made to conduct online classes, but the reality of our digital divide is that online classes are not accessible equally by all”.

“During this extremely tough period, regular physical classes got completely interrupted. The students had no access to study material and the college libraries were closed, although getting access through online mode in such peculiar circumstances, the students did not get the kind of preparation needed to attempt a full-fledged examination,” reads the plea.

As per present status, GGSIP University has around 27,000 final year students and are now devising mechanism for assessment to award marks to final year students and this is also the case for Delhi Pharmaceutical Science and Research University (DPSRU).

The other six universities have completed the final year Examination by online mode.

A total of 31 students from different universities across India had approached the Supreme Court to quash the latest University Grants Commission (UGC) circular directing universities to wrap up final year examinations by September 30.

Before Delhi Government, Maharashtra Government on August 7 informed the Supreme Court that the State Disaster Management Authority on July 13 had resolved to not conduct examinations in the state amid the COVID-19 pandemic.

The decision was taken after a majority of University Vice-Chancellors from across the state voted against conducting exams in view of the rising number of COVID-19 cases.

Corona Virus in India: in 2 days India records spike of over 2 lakh cases

Vaishali Singh

Coronavirus Cases in India LIVE: Coroavirus cases in India have continued to see a spike in the past few days, breaching a new mark every other day. On Sunday, India registered its single-day and record spike of 64,399 coronavirus cases, taking the country’s Covid tally past 21 lakh-mark. India had crossed the 20 lakh-mark on Friday. In just two days, India recorded a spike of over 1 lakh cases. Experts have believed that India’s coronavirus peak is yet to come. As per World Health Organization data, India has been recorded more coronavirus cingle-day cases than the United States or Brazil for past four days. As India readies to prepare to fight coronavirus, stay with us to catch LIVE updates.

One hundred and nine days after the first person tested positive for Covid-19 in India, the country’s case count crossed the 1-lakh mark on Monday, with the number of infections having doubled in just a little over 12 days.

Both the spread of the virus and the spurt in cases in recent days will be a cause for concern for the authorities. On Monday, 4,713 fresh infections were reported from across the country, the third highest in a single day so far, led again by Maharashtra, which reported more than 2,000 cases (2,033 to be exact) for the second day running. As many as 24 states/UTs reported new cases during the day.

On the positive side, the number of people recovering from the infection is steadily rising. It was 38,908 on Monday, with the recovery rate at 38.8%. With 3,103 fatalities from the virus so far, India’s death rate too is relatively low at 3.1%.

However, as the country entered phase 4 of lockdown, the number of daily cases was still rising, indicating that the infection was yet to peak. On Monday, apart from Maharashtra, the number of new cases remained high in Tamil Nadu (536), Gujarat (366), Delhi (299, a slight drop from previous days), Madhya Pradesh (254), Uttar Pradesh (177) and Bihar (103).

Rajasthan and Karnataka registered their highest single-day rise in infections, with 305 and 99 cases, respectively. West Bengal (148), and J&K (106) were also close to their highest numbers.

At 131 deaths from the virus on Monday, the toll remained above 100 for the fourth straight day. Maharashtra recorded the highest 51 deaths, including 23 from Mumbai, while Gujarat reported 35 fatalities, a majority (31) from Ahmedabad alone. The toll was 12 in Delhi, where the death rate is now slowly rising after staying low for a long time.

Among Indian cities, Mumbai has recorded the highest number of Covid-related deaths at 757 while Ahmedabad district comes second with 524. When it comes to death rates, Gujarat’s financial capital has double the rate than the Maximum City. Compared to Mumbai’s rate of 3.64%, Ahmedabad recorded 6.22%. In the month of May, the rate reduced in Mumbai but increased to 6.95% in Ahmedabad.

NEW DELHI: One hundred and nine days after the first person tested positive for Covid- 19.

 in India, the country’s case count crossed the 1-lakh mark on Monday, with the number of infections having doubled in just a little over 12 days.

Both the spread of the virus and the spurt in cases in recent days will be a cause for concern for the authorities. On Monday, 4,713 fresh infections were reported from across the country, the third highest in a single day so far, led again by Maharashtra, which reported more than 2,000 cases (2,033 to be exact) for the second day running. As many as 24 states/UTs reported new cases during the day.

On the positive side, the number of people recovering from the infection is steadily rising. It was 38,908 on Monday, with the recovery rate at 38.8%. With 3,103 fatalities from the virus so far, India’s death rate too is relatively low at 3.1%.

However, as the country entered phase 4 of lockdown, the number of daily cases was still rising, indicating that the infection was yet to peak. On Monday, apart from Maharashtra, the number of new cases remained high in Tamil Nadu (536), Gujarat (366), Delhi (299, a slight drop from previous days), Madhya Pradesh (254), Uttar Pradesh (177) and Bihar (103).

Rajasthan and Karnataka registered their highest single-day rise in infections, with 305 and 99 cases, respectively. West Bengal (148), and J&K (106) were also close to their highest numbers.

At 131 deaths from the virus on Monday, the toll remained above 100 for the fourth straight day. Maharashtra recorded the highest 51 deaths, including 23 from Mumbai, while Gujarat reported 35 fatalities, a majority (31) from Ahmedabad alone. The toll was 12 in Delhi, where the death rate is now slowly rising after staying low for a long time.

Among Indian cities, Mumbai has recorded the highest number of Covid-related deaths at 757 while Ahmedabad district comes second with 524. When it comes to death rates, Gujarat’s financial capital has double the rate than the Maximum City. Compared to Mumbai’s rate of 3.64%, Ahmedabad recorded 6.22%. In the month of May, the rate reduced in Mumbai but increased to 6.95% in Ahmedabad.

In terms of cases, Maharashtra reported 2,033, the second-highest count in a day. The state’s tally reached 35,086, with Mumbai reporting over 1,000 cases for the second day in a row (1,185) to breach the 21,000 mark. The city now has 21,335 cases.

Meanwhile, five doctors and 55 police personnel where among the 106 who tested positive for the virus in J&K. Four of these doctors had treated a Covid positive woman who died of co-morbidities on Sunday.

Tamil Nadu reported three deaths and 536 fresh Covid-19 cases on Monday, with people returning from Maharashtra being the only ones testing positive in many districts. The testing strategy continued to be a subject of debate with the ICMR releasing new guidelines and the state set to finalise its own by Tuesday. The state has been criticised for reducing the number of tests over the last one week by epidemiologists, doctors and political leaders.

In Uttar Pradesh, as many as 177 new cases, including 31 in Gautam Budh Nagar, took the state’s Covid tally to 4,649. The state also recorded six deaths, including two migrant workers. UP’s corona toll is now 118.

NEET, JEE MAINS 2020 exams, parents file petition in SC to ensure no further delay

Vaishali Singh

A group of students and parents have filed a counter plea in the Supreme Court asking it to direct the National Testing Agency to conduct NEET and JEE Main 2020 exams in September as scheduled. This comes on the heels of the plea filed by 11 students asking for the postponement of the exam in the wake of rising COVID cases in the country.

The plea points out that several tests have already been conducted by NTA and other bodies across the country countering the contentions on pandemic created difficulties. It also points out that NTA had given the opportunity to all students to change their exam centres or cities to the ones most convenient to them in view of the COVID situation.

“These exams are so important that they determine students’ career and also the entire life. As such, the Respondent Authorities must take into consideration as a relevant factor the fact that any further deferment of the examination will further add to the stress levels of the students resulting in further traumatising the students with the uncertainty of their future and thereby severely impacting their academic performance in the ultimate examination to be held in future”, reads the plea as reported by Bar and Bench.

The plea further says, “There is an eminent need for the NTA to adhere to the 2nd revised schedule and conduct the all India basis NEET UG-2020 and the JEE (Main) for UG-2020 as it is a settled position that the admission process is time bound and the entire admission schedule is a time regulated process mandated by the judgments of the Hon’ble Apex Court.”

Another fact pointed out by the petition is that students have rigorously been preparing for the NEET 2020 and JEE exams for the past 3 years from the time they were in Class 10. Non-conduct would mean the loss of an academic year and the adverse impact of the same on students appearing for the exam this year.

The petition also brings to notice the University Grants Commission’s (UGC) ‘Revised Guidelines on Examinations and Academic Calendar for the Universities in view of COVID-19 Pandemic’ dated July 6, whereby all universities are mandated to complete the final year examinations by the end of September 2020.