{News Notes} Daily News Notes: 15th to 20th Dec, 2012
- Molly Kurien (81), wife of
late Dr Verghese Kurien, passed away. She was known as ‘silent lady’ behind the
White Revolution ushered by India’s
milkman Dr Kurien.
- Six soldiers (of Assam
Regiment) were killed and one went missing when an avalanche struck the Siachen glacier area before dawn during
inter-post movement of troops. This is for the first time in several years that
an avalanche has hit an Indian position in the glacier area. Siachen glacier is
considered as the world’s highest battlefield. An avalanche had hit a Pakistani
Army camp in the glacier area last year killing over 100 troops. India has
deployed its troops in Siachen for close to 30 years and has lost more people
to the weather and terrain than to enemy bullets. However, it has brought down
such casualties by ensuring adaptation of the personnel to the conditions and
through scientific research by DRDO to improve living conditions of jawans.
India and Pakistan, which have held several rounds of talks to resolve the
Siachen issue, were close to an agreement a few years back on
demilitarizing the region but the accord failed as Pakistan refused to
authenticate its military position.
- The Salient features of
the Companies Bill 2011 (recently
passed by LS) are as follows: [1.] Corporate Social Responsibility,
which is being introduced as a statutory provision for the first time, now read
to ensure that the company spends in every financial year, at least two per
cent of the average net profits of the company made during the three
immediately preceding financial years, in pursuance of its Corporate Social
Responsibility Policy. Such clause is also amended to provide that the company
shall give preference to local areas where it operates, for spending amount
earmarked for Corporate Social Responsibility (CSR) activities; [2.] To
help in curbing a major source of corporate delinquency which now include
punishment for falsely inducing a person to enter into any agreement with bank
or financial institution, with a view to obtaining credit facilities; [3.] Provisions
relating to audit of Government Companies by Comptroller and Auditor General of
India (C&AG) modified to enable C&AG to perform such audit more
effectively; [4.] Provisions relating to
extent of criminal liability of auditors - particularly in case of partners of
an audit firm - reviewed to bring clarity. Further, to ensure that the
liability in respect of damages paid by auditor, as per the order of the Court,
is promptly used for payment to affected parties including tax authorities; [5.] The
limit in respect of maximum number of companies in which a person may be
appointed as auditor has been proposed as 20 companies; [6.] ‘Whole-time
director’ has been included in the definition of the term ‘key managerial
personnel’; [7.] Clarification included in
the Bill to provide that ‘Independent Directors’ shall be excluded for the
purpose of computing ‘one third of retiring Directors’; [8.] Provisions
in respect of removal of difficulty modified to provide that the power to
remove difficulties may be exercised by the Central Government up to ‘five
years’ (after enactment of the legislation) instead of earlier up to ‘three
years’. This is considered necessary to avoid serious hardship and dislocation
since many provisions of the Bill involve transition from pre-existing
arrangements to new systems.
- Minister of Urban
Development has informed that the aim and objective of the National Urban Transport Policy is to ensure safe, affordable,
quick, comfortable, reliable and sustainable access for the growing number of
city residents to jobs, education, recreation and such other needs within our
cities. The policy focuses on moving
people rather than moving vehicles by prioritizing public transport and
non-motorized modes. Further, the Minister said that Urban Transport is
intertwined with Urban Development which is a State subject, thus responsible
for an Urban Transport. However, realizing the seriousness of rapidly growing
problem of urban transportation, the Central Government has taken number of
steps like formulation of the National Urban Transport Policy (NUTP) 2006,
financing of modern buses for Urban Transport, Bus Rapid Transit System
Projects, traffic transit management centres, flyovers, etc., under Jawaharlal Nehru National Urban Renewal
Mission (JNNURM).
- Minister of State for
Social Justice and Empowerment has informed that the number of senior citizens
(60+) was 7.7 crores as per 2001 census and has been increased to 14.32 in
2012. Keeping in view the changing demography of the senior citizens in the
country, the Ministry constituted a Committee under the Chairpersonship of Dr. V. Mohini Giri in Jan, 2010 to
assess the present status of various issues concerning senior citizens and
draft a new National Policy on Older Persons. The Committee has submitted the draft National Policy on Senior Citizens
2011 which inter-alia, accords priority to the needs of senior citizens
aged 80 years and above, elderly women, and the rural poor. Some of the salient
policy objectives are to: [1.] Promote income
security, homecare services, old age pension, healthcare insurance schemes,
housing and other programmes/ services; [2.] Promote
care of senior citizens within the family and to consider institutional care as
a last resort; [3.] Recognise senior citizens
as a valuable resource for the country, protect their rights and ensure their
full participation in society; [4.] Encourage
employment in income generating activities after superannuation; [5.] Support
organizations that provide conseling, career guidance and training services.
- Minister of State for HRD
has informed that a total of only 156 out of 1070 eligible Engineering Colleges
have participated in a survey to map the industry linkages of engineering
institutes across six streams of engineering-Civil, Mechanical, Electrical,
Electronics & Communication, Chemical and Computer & IT. The survey
found that 30% of the institutes were having a good industry interaction and
industry initiatives, 60% are moderately involved in Industry-Institute
interaction and 10% of the institutes probably require a lot more interaction.
Giving the information about Employment
Opportunities to Engineering Students, the Minister said that the AICTE has
revised the finishing school programme, which had been renamed as the Employability Enhancement Training
Programme (EETP) for students of technical institutions with the objective
of enhancing their employability.
- Minister of State for HRD
has informed that the Central Institute of Indian Languages (CIIL, Mysore),
under his Ministry, is mandated as the apex body to help in evolving and
implementing the language policy of the Government of India and to assist and
advise the State Governments on matters of language and also to implement
projects/schemes for the promotion of Indian languages including the endangered
languages. The Minister said that the Institute has two projects, namely Dimensions of Language Endangerment and
North Eastern Language Development which
work on the protection and preservation of languages of Arunachal Pradesh. Languages
covered by CIIL under these two projects are Adi, Ao, Aka-Kora, Apatani, Chin,
Deori, Galo, Idu, Khampti, Kharam, Khowa, Koireng, Methei, Milang,
Miri/Mishing, Miji, Monpa, Motuo Menba, Nocte, Nyishi, Padam, Sherdukpen,
Tangsa, Tani, Tedium, Thadou, Tutso, Vaiphei, Wancho. Work undertaken by the
Institute on these languages includes Grammatical Analysis, Pictorial Glossary,
Dictionary, Folklore, Socio Cultural Study, Phonology, Primers, Web Materials,
Script, etc. {go through
these names, as these are the Endangered Languages and could be asked in CSE,
IBPS etc.}
- Minister of State for HRD
has informed that the Foreign
Educational Institutions (Regulation of Entry and Operations) Bill, 2010 permits
reputed Foreign Educational Institutions (FEI), which have been offering
educational services for at least 20 years in the country of origin and are
accredited in the home country, to apply to be notified as a “Foreign Education
Provider” (FEP) by the Central Government. The UGC (Promotion and Maintenance of
Standards of Academic Collaboration between Indian and Foreign Educational
Institutions) Regulations, 2012 has dropped the condition that an FEI has to be
ranked in the top 500 institutions in the world to enter into an academic
collaboration with an Indian institution.
- The cabinet gave a ringing
endorsement to a ministerial committee to fast-track
projects worth more than Rs 1,000 crore, while also clearing a bill making
the consent of 80% of land owners mandatory for purchase of land for private
projects. A cabinet note upped the quantum of consent for land acquisition from
67% suggested by the group of ministers, a move that is not likely to please
the industry. The land acquisition bill, if passed, may raise concerns about
longer deadlines. Raising the consent for land acquisition has caused
worry among industry leaders, who also concerned about the consequences for
competitiveness of Indian business. For PPP projects, 70% consent will be
required. While the land acquisition bill, if passed, may raise apprehensions
of longer project deadlines, the cabinet also approved a committee that will
shorten red tape and look to frame timelines for administrative and regulatory
clearances.
- The government has
announced the launch of Saral Money,
which brings banking services for the unbanked by tying five banks through a
Visa payment gateway, using the Aadhar unique ID number as a proxy for
cumbersome Know Your Customer (KYC) norms. The five banks that are part of
Saral Money scheme include SBI, HDFC Bank, ICICI Bank, Indian Overseas Bank and
Axis Bank. The key to the new solution is Visa network, which integrates and
links the different systems being operated by banks with the government’s
national identity database. This means Saral Money is not restricted to a specific
bank or region. Prior to this customers would have had to provide numerous
documents to fulfill KYC requirement, which was a big deterrent for
marginalised. The benefits to the consumer come from the ability to receive
payments direct to the Saral Money and use it to withdraw or remit those
payments to family members. For the government, it helps improve transparency
and efficiency while driving the country’s electronic payment and financial
inclusion agenda.
- Census Info India Software
has been launched by Registrar General & Census Commissioner of India, Dr. C. Chandramouli.
The
software has been developed by the United Nations Statistics Division, in
partnership with UNICEF and UNFPA. The
salient features of the Software: [1.] The
software has a unique feature which allows user to create tables, maps and
charts using her/his own data; [2.] The
software on Houses, Household Amenities and Assets based on Census 2011 data
provides access to the dataset on a number of indicators at State and District
level; [3.] The
House listing and Housing Census has immense utility as it provides
comprehensive data on the conditions of human settlements, housing deficit and
consequently the housing requirement to be taken care of in the formulation of
housing policies; [4.] It also provides a wide
range of data on amenities and assets available to the households. Such information
shall facilitate the departments of the Union and State Governments and other
non-Governmental agencies for development and planning at the local level as
well as the State level.
- The President of India has
presented the prestigious Presidential
Standards to two of the IAF’s Squadrons – 25 Squadron and 33 Squadron.
Located in the South Western Sector, 25 Squadron called ‘The Himalayan Eagles’
was formed on 01 Mar 1963 at Chandigarh. During the 1965 and 1971 Indo-Pak
conflicts and Kargil Operations the squadron played a vital role. 33 Squadron
was formed on 09 Jan 1963 with two Caribou aircraft. The squadron flew
extensively during the IAF’s Tsunami rescue and relief operations. Background: The Standards are
awarded to Operational Units while Colours are awarded to non-flying
formations. IAF Operational Squadrons become eligible for award of Presidential
Standards after completion of 18 years.
- Minister of State for Food
Processing Industries informed that his Ministry under the component of Entrepreneurship Development Programme
(EDP) of Human Resource Development
Scheme emphasizes the processing of agro product into value added products
with a view to reduce the wastage of agricultural produce and increase in the
income of farmers. It requires to train the farmers and prospective
entrepreneurs / unemployed youth in an intensive manner so as to sensitise them
to the idea of value addition, food processing and encourage them to establish
food processing industries. Further, he told that with the launch of National Mission on Food Processing
(NMFP), a centrally sponsored scheme during 12th plan (2012-13), the HRD scheme
and its all components have been subsumed in the mission during 2012-13, which
is implemented by States including receiving of applications and sanction as
well as release of funds, supervision and monitoring of the scheme.
- Minister of State for
Consumer Affairs has informed that the Government has proposed to amend the
Forward Contract (Regulation) Act, 1952
to inter-alia provide for registration of foreign intermediaries / participants
in commodity derivatives market. At present under the Forward Contracts
(Regulation) Act, 1952, there is no restriction on participation by local and
foreign institutional investors in commodity futures trading. However, the
Department of Industrial Policy and Promotion has laid down the policy on
foreign direct investment (FDI) and foreign institutional investment (FII) in
commodity exchanges. Foreign investment is permitted under a composite (FDI
& FII) cap of 49%. As regards participation by institutions such as banks,
insurance companies, pension funds, etc. is concerned; there is no restrictive
provision on their participation in the Act. The Minister further added that
the functions of futures market are price discovery and price risk management.
The participation of Banks and Mutual Funds and Foreign Institutional Investors
would bring the necessary breadth and depth to enable the corporate entities to
hedge their price risk in Indian commodity markets. These entities may also
bring in larger participation from professionals, which would improve the
quality of these markets.
- Minister for Health &
Family Welfare informed that the expenditure on health (Centre & State
combined) stood at ~Rs. 1.1 lakh crore in 2011-12 as against ~Rs. 45,000 crore
in 2005-06. As a percentage of GDP, it increased from 1.23 percent in 2005-06
to 1.30 percent in 2011-12. As per World Health Statistics 2012 published by
World Health Organization (WHO), private and general Government expenditure on
health as percentage of total expenditure on health for India in 2009 is 69.7 %
and 30.3% respectively. As per the draft 12th Five Year Plan document, total
public funding by the Centre and States, plan and non-plan, on core health is
envisaged to increase to 1.87 per cent of GDP by the end of the Twelfth Plan.
- Minister for Health &
Family Welfare said that the overall sex ratio has increased from 927 in 2001
to 940 in 2011, child sex ratio (0-6
years) has declined from 927 females per thousand males in 2001 to 914 females
per 1000 males in 2011 as per Census 2011. Also, as per UNICEF’s Coverage
Evaluation Survey-2009 (CES-2009), 39% of children between 12-24 months in the
country are not fully vaccinated with all vaccines under Universal Immunization
Programme. Reasons for partial or no
immunization include the following: (i) Did not feel need (ii) Not knowing
about vaccine (iii) Not knowing where to go for immunization (iv) Time not
convenient (v) Fear of side effects (vi) Do not have time (vii) Vaccine not
available (viii) Place not convenient (ix) ANM absent (x) Long waiting time
(xi) Place too far (xii) Service not available. Further, he said that the
Government has declared year 2012-13 as the year of intensification of Routine Immunization.
- Minister of State for
Social Justice and Empowerment informed that the Central assistance is provided to the State Governments for organizing inter-caste
marriages, in which one spouse belongs to a Scheduled Caste. The
incentive amount is decided by the concerned State Government and is generally
between Rs. 10,000/- to Rs. 100,000/-.
- Minister of State for
Finance informed that the Government has merged Janashree Bima Yojana (JBY) and Aam Aadmi Bima Yojana (AABY) into one scheme, since both the
schemes have similar structure of benefits, premium and target group and are
being implemented through Life Insurance Corporation of India (LIC). The
objective of the merger of the two schemes is not to increase the savings but
to ensure better administration and services under the schemes and also avoid
any duplication of coverage of lives under the two existing schemes.
- Minister of State for
Finance has given the information about the strategies that has been adopted by
the Govt. to tackle the issue of black money: [1.] Joining
the global crusade against ‘black money’ (for example out action in G 20,
Global Forum on Transparency and Exchange of Information for Tax purposes, Task
Force on Financial Integrity and Economic Development, Financial Action Task
Force, UN, OECD, etc.); [2.] Creating an appropriate
legislative framework: (various anti-tax evasion measures legislated in
existing Act and proposed in the DTC, New DTAAs and TIEAs, amend existing
DTAAs); [3.] Setting up institutions
for dealing with illicit funds (10 Income Tax Overseas Units, dedicated
computerized Exchange of Information Unit).
- The Banking Amendment Bill, on Tuesday, got approval of the Lok Sabha
after the government dropped the controversial provisions relating to allowing
banks to trade in futures and keeping the sector outside the purview of
Competition Commission. The Bill, along with the proposed legislations on
pension and insurance, was one of the five key reform measures on the
government’s agenda during the current session of Parliament. Finance Minister
said, while the RBI would regulate the banking sector, the Competition
Commission of India (CCI) would look into competition practices in the banking
sector. The Minister also expressed the commitment of the government to infuse
Rs.15,000 crore into public sector banks in the current financial year and
retain their basic character. The Banking Bill also seeks to raise the voting
rights of investors in private sector banks to 26 per cent, from 10 per cent.
It also allows the RBI to supersede boards of private sector banks and increase
the cap on voting rights of private investors in PSBs to 10 per cent, from one
per cent. The Minister also said the Justice
B .N. Srikirishna Committee had given its draft report and once the final
report came, the government would come out with a comprehensive banking law. On
consolidation in the banking sector, Mr. Chidambaram said India would need 2-3
world-class banks and there would still be over 20 PSBs after mergers.
Meanwhile, a section of public sector bank employees have gone on nation-wide
strike to protest the Banking Laws (Amendment) Bill. Employees of four bank
unions participating in the strike are from All India Bank Employees
Association, Bank Employees Federation of India, All India Bank Officers'
Association and National Union of Bank Employees.
- Union Law Minister Ashwani
Kumar has informed that the government favoured a re-look at the law to prevent
a judge from resigning till any impeachment
motion process is completed, as had happened in the case of Calcutta High
Court Justice Soumitra Sen last year. Under the current procedure contemplated
in Articles 124(2) and 217(1), if a judge submits his or her resignation to the
President even while facing impeachment, the resignation will automatically
come into effect and the impeachment proceedings will abruptly come to an end.
Even if one of the Houses passes a resolution for the judge’s removal, the
other House will not take it up for discussion.
- The Reserve Bank of India
is expected to relax norms soon allowing opening
of more foreign banks, Commerce Secretary S. R. Rao said. Further, he said
that India and Pakistan are negotiating issues with regard to opening of bank
branches in each other’s territory to facilitate trade and commerce. As per the
World Trade Organisation agreement, India allows opening of 12 branches of
foreign banks in a year. Last year, the RBI in a discussion paper suggested
that foreign banks should be incentivised to operate in India as wholly-owned
subsidiaries, as against the present system of having presence through branch
network, as the subsidiary model has clear advantages over the branch model
despite certain downside risks. At present, there are about 34 foreign banks
operating in India, with five major banks, including StanChart, HSBC, Citibank
and Deutsche, accounting for over 70 per cent of the total asset size of
overseas lenders in the country.
- Encouraged by the response
to its pilot scheme on home delivery of
contraceptives by women health workers, the Centre has decided to extend
the programme across the country with immediate effect. The initiative of
supplying contraceptives — condoms, oral contraceptive pills (OCP) and
emergency contraceptive pills — at home by accredited social health activists (ASHAs)
was launched on a pilot basis in 233 districts in 17 States in June last year.
The aim was to improve access to contraceptives for eligible couples, and in
return, ASHAs were incentivised for their efforts. Once the scheme takes off,
the free supply of contraceptives at the Primary Health Centre (PHC) and
Sub-Centre level will be withdrawn. However, the supply of free contraceptives
at Community Health Centres, sub divisional and district level hospitals will
continue. Under the new scheme, ASHA would charge Re.1 for a pack of three
condoms, Re.1 for a cycle of OCP and Rs. 2 for a pack of one tablet of
emergency contraceptive from the beneficiaries as an incentive for her efforts.
- The Jammu and Kashmir
Police have found the topper in current
year’s Higher Judicial Service selection to be a former Pakistan-trained
militant who served as “Deputy Chief of Al-Jehad,” lobbed grenades at the
Army, sustained gunshot injuries in an encounter and remained in jail for 14
months under the Public Safety Act (PSA). He is among a list of nine candidates
for appointment as district and sessions judges. Even as the Law Department
started the process with character verification of the candidates, a group of
failed contenders challenged the selection process ab initio in the
Supreme Court and got it stayed. Recently, a Bench of Justices (SCI) vacated
the stay, but only in favour of seven respondent candidates. According to
official sources, one of the candidates was being dropped as his marks in a
question had been counted twice “inadvertently”, however, the other one, the
topper, candidature was challenged on the account of his character verification
by the police as having a “militant links”.
- Researchers
from the Rajiv Gandhi University in Arunachal Pradesh have come across several
species of vulture out of which three
endangered species — Gyps Bengalensis (white-rumped vulture), Gyps Indicus
(Indian vulture) and Gyps Tenuirostris (slender-billed vulture) were recorded
at the Dying Ering Wildlife Sanctuary in East Siang district. After toiling for
three days, the team encountered a group of 49 vultures including Cinerous
vulture, Lammergeier or bearded vulture, Himalayan Griffon, Eurasian griffon,
long-billed vulture, slender-billed vulture and white-rumped vulture.
- Parliament has passed the Appropriation Bill, 2012 amidst
government's assertion that it intends to bring down fiscal deficit to 3% of
the GDP by 2016-17 from the projected 5.3 per cent in the current fiscal (4.8
per cent in the next fiscal, 4.2 per cent in 2014-15, 3.6 per cent in 2015-16).
The Appropriation Bill, 2012, was returned by Rajya Sabha allowing the
government to raise expenditure to the tune of Rs 32,120 crore in 2012-13. The
bill was earlier passed by Lok Sabha. The government had earlier revised its
fiscal deficit target at 5.3 per cent of GDP this financial year, higher than
the previous target of 5.1 per cent but lower than last year's 5.8 per cent. Minister
of State for Finance said the fiscal deficit, which came down to 2.7 per cent in 2007-08, started
picking up due to various reasons such as global economic condition and
"sticky high inflation scenario”.
- Goa is
celebrating the 51st anniversary of its
liberation today (19th Dec, 2012). It commemorates the day when the Indian
Government seized power from the Portuguese colonizers in 1961. They set foot
in Goa in 1510 and left on 19 December 1961. In 1926, when Portugal came under
grip of dictatorship, life of the common people became impossible to bear. So,
the people of Goa began to rebel against their conquerors. Dr. Ram Manohar
Lohia launched a movement for civil liberties at a public meeting in Margao, on
18 June 1946. Finally, all operations in Goa came to an end at 6:00 p.m., on 19
December 1961.
- A report
by World Health Organisation, WHO, says, India will see a decrease of 50-75 per
cent in malaria cases by 2015. The WHO's World Malaria Report 2012 said, a
concerted effort by endemic countries, donors and global malaria partners
during the past decade has led to strengthened malaria control around the
world. It, however, warned that a significant slowdown in global funding of
anti-malaria campaigns threatens to roll back the gains made against the
preventable mosquito-borne disease over the last 10 years. In the south-east
Asia Region, Bhutan, Korea, Nepal, Sri Lanka and Thailand have registered
decreases of 75 per cent or more in the malaria incidence rates between 2000
and 2011. The report said, India, Nepal and Thailand could also potentially
move from the control to the pre-elimination phase by continuing their
progress.
- Hinduism
is the third largest religion of the world after Christianity
and Islam, according to a study. 97% of all Hindus live in the world's three
Hindu-majority countries (India, Mauritius and Nepal), and nearly nine-in-ten
Christians (87 per cent) are found in the world's 157 Christian majority
countries. The study said that there are 2.2 billion Christians (32 per cent of
the world's population), 1.6 billion Muslims (23 per cent), 1 billion Hindus
(15 per cent), nearly 500 million Buddhists (seven per cent) and 14 million
Jews (0.2 per cent) around the world as of 2010. An estimated 58 million
people, slightly less than one per cent of the global population, belong to
other religions, including the Baha'i faith, Jainism, Sikhism, Shintoism,
Taoism, Tenrikyo, Wicca and Zoroastrianism, to mention just a few, it said. The
median age of two major groups, Muslims (23 years) and Hindus (26), is younger
than the median age of the world’s overall population (28). Christians have a
median age of 30. Jews have the highest median age (36). The 10 countries with
the largest number of Muslims are home to fully two-thirds (66 per cent) of all
Muslims. The largest share lives in Indonesia (13 per cent), followed by India
(11 per cent), Pakistan (11 per cent), Bangladesh (8 per cent), Nigeria (5 per
cent), Egypt (5 per cent), Iran (5 per cent), Turkey (5 per cent), Algeria (2
per cent) and Morocco (2 per cent). Muslims make up a majority of the
population in 49 countries.
- Minister of State for
Finance has informed that India is lagging behind several countries in per capita income due to different
levels of development and various other factors. Per capita of income is a
measure of the amount of money that is being earned per person. The minister
said the reasons for differences in the per capita income of different nations
can be attributed to the levels of development besides other factors such as
natural resource endowments, economic policies, political stability,
differences in skills and technologies, population level etc. India's per
capita GDP on Purchasing Power Parity (PPP) basis was ~USD 3,400 in 2010 and is
estimated at ~USD 3,850 in 2012, he added. The per capita income at current
prices for the year 2004-05 is estimated at ~Rs 16000 in rural areas and ~Rs
44000 in urban areas. The per capita net national income rose by 5.2 per cent
while wholesale price index based inflation was at 8.9 per cent in 2011-12.
- According to Global Burden
of Disease (GBD) count, a global initiative involving the World Health
Organisation, in South Asia, air
pollution is ranked as the sixth most dangerous killer. Around 65 per cent
of the air pollution deaths occur in Asia and close to quarter of this in
India. According to the latest tally, air pollution causes 3.2 million deaths
worldwide. This has increased from 800,000, last estimated by GBD in the year
2000 - a whopping 300 per cent increase. The new estimates of particulate air
pollution are based on ground-level measurements, satellite remote sensing and
global chemical transport models to capture population exposure. In South Asia,
air pollution has been ranked just below blood pressure, tobacco smoking, indoor
air pollution, poor intake of fruits and diabetes. This is scary as outdoor air
pollution is a leveler that makes everyone - rich and the poor -- vulnerable.
- Online
shopping in India which is at a nascent stage is poised to
witness significant growth in the next few years, with the industry likely to
touch USD 34.2 billion by 2015 (with present growth rate of 57 per cent). "It
is estimated, that around 27 million (in India) are active mobile Internet
users. Currently 4 per cent are buying products, through mobiles and in next
four years’ time, it can go up to 20 per cent. The number of mobile users in
the country is expected to touch 1200 million by 2015." Homeshop18.com CEO
said.
- Indian capital's famous
Nehru Place market has been placed among the top 30 notorious IT markets of the
world that deal in goods and services infringing on intellectual property rights, an official US report has said. Among
other internet and physical markets that exemplify marketplaces that deal in
infringing goods and services, facilitating and sustaining global piracy and
counterfeiting include Urdu Bazaars in Karachi and Lahore. However, China has
the largest number of notorious markets listed in the report. Prominent among
them are Buynow PC Malls, which operates 22 stores across China and is known
for selling computers with illegal operating system software and other
unlawfully pre-installed software; and Silk market in Beijing. Further, the
report said that Philippine Government has taken significant enforcement
actions at the Quiapo Shopping District, which has reduced the number of
counterfeit and pirated goods available for sale in this marketplace.
- India's commercial
capital, Mumbai, has been named among
the world's 'dirtiest' cities, ranking last in the "cleanest streets"
category, a global survey of 40 key tourist cities has found. Similarly in the
category of "ease of getting around", Mumbai ranked at the last
position while Zurich stood at first place. The cities with the rudest locals,
dirtiest streets and worst shopping have been revealed by the Survey which
found that the least-friendly locals were from Moscow. Tokyo was the most
highly decorated world city, ranking number one for best taxi services,
friendliest taxi drivers, best public transportation, cleanest streets and
safety. The survey, completed by more than 75,000 people, looked into how
travellers and locals viewed 40 key
tourist cities around the world.
- In a sensational
development that impacts the Internet, a group of mainly African nations moved
and won a resolution accompanied by a set of binding treaty-based International Telecom Regulations
(ITRs) at the UN’s World Conference on Internet and Telecommunications (WCIT)
in Dubai. The move was supported by China, Russia and mostly Arab states. At
the last count, 89 countries had endorsed the global treaty on telecom
regulations, with nearly 45 nations led by the United States, the U.K., the
European Union, Japan, Australia and even Kenya, either refusing to sign or
buying time to study the proposals. India, which initially backed the ITRs and
the accompanying resolution during a sudden vote, later announced that it would
sign the Treaty only after consultation with domestic stakeholders. Objections from countries which are
refusing to sign the Treaty come on four counts. First, the inclusion of the Internet in the
resolution, even though it is not a part of the binding text of the ITRs. Second, on Article 5B
relating to “unsolicited bulk electronic communication” or spam which is seen
as an open door to content regulation since spam is considered content. Third, lack of clarity on which “agency” or
entities will be placed under the ITU (International Telecommunication Union)
regulations. And lastly,
opposition to the fact that the ITU, an intergovernmental body, should not
enter the Internet since it is better served through a transparent, bottom-up
multi-stakeholder process.
- India is investigating how
Swedish-made weapons bought by its army
turned up in Myanmar, a Sweden’s Trade Minister visiting Yangon said,
denying New Delhi had supplied arms in contravention of EU sanctions. She said
the Swedish Agency for Non-Proliferation and Export Controls (ISP) had informed
her that the weapons had come from India. Pictures taken in Myanmar and
published in Swedish media this week showed a Carl Gustaf M3 anti-tank rifle
and ammunition left behind by Myanmar government soldiers. The weapon’s serial
number is clearly visible in one of the photographs.
- India,
Sri Lanka and the Maldives will soon sign a trilateral agreement
on maritime cooperation in carrying
out surveillance, anti-piracy operations and in curbing illegal activities,
including maritime pollution and to pool resources and share data for better
control over territorial waters and detect suspicious movements. Noting that
nearly half of the world’s containerised cargo crosses the Indian Ocean every
year, these countries wanted better cooperation among the bigger and smaller
navies in the region. Unfortunately, there is a degree of mistrust between the
major powers in the Indian Ocean region that now limits the degree to which
effective and long-lasting multilateral cooperation can be achieved. Further,
detailing the Indian efforts in the region, Vice-Chief of the Naval Staff
pointed out that piracy emanating from Somalia had been confined to 700
nautical miles, largely due to the effective patrolling and cooperation among
the navies. India too had contributed significantly to this effort and had so
far repulsed 40 pirate attacks. India had also agreements with Royal Thai and
the Indonesian naval forces to conduct coordinated patrolling in the east,
around the region of the Malacca Straits.
- The European Parliament in
Strasbourg (capital and principal city of the Alsace region in eastern France)
conducted an hour-long debate over the persistence
of human rights violations against Dalits in India. While acknowledging the
efforts at various levels to eradicate caste discrimination, the Parliament
however, expressed alarm at the continually large number of reported and
unreported atrocities and widespread untouchability practices, such as manual
scavenging. It called upon the European Union’s and the Member States’
representatives in India to include the issue of caste discrimination in their
dialogues with the Indian authorities, and to prioritise programmes addressing
caste discrimination, in education, and programmes with particular focus on
women and girls. Further, the EU Parliament has called upon the Indian
Parliament to act on its plans to pass a new Bill prohibiting employment of
manual scavengers and securing their rehabilitation.
- After focussing on the
international climate change negotiations in Doha earlier this month, the
spotlight is shifting back to the domestic scene. India can point the finger at
the failure of rich countries to check the growth of their greenhouse gas
emissions, but it’s not a rosy picture back home either. Over the last decade
or so, India’s emissions — which now make up five per cent of global emissions,
the third highest in the world — have displayed a clear shift from agriculture,
where rice cultivation and livestock contribute to methane production. On the
other hand, the energy and industrial sectors, which mostly produce carbon
dioxide, now hold an increasing share of the total. Between 1994 and 2007, the
year-on-year growth rate of agriculture emissions was only 0.6 per cent.
Emissions from the energy sector grew at a rate of 4.8 per cent over the same
period. Even though starting from a low base, emissions from waste have also
risen sharply — seeing a 7.3 per cent growth rate between 1994 and 2007 — with
urbanisation generating ever-larger quantities of municipal waste. The
estimates for 2007 show that the energy sector — including power, transport and
residential electricity — was responsible for 58 per cent of India’s emissions,
with industry and agriculture following at 22 and 17 per cent. In a bid to slow
down domestic emissions growth, the government launched the National Action
Plan on Climate Change (NAPCC) in 2008. Eight national missions — dealing with
solar energy, energy efficiency, sustainable agriculture and habitats, water
and forestry, the Himalayan ecosystem and research — were charted under the
plan. However, given that the missions were launched in 2008 and were planned
to run till 2017, they have almost reached the halfway point.
- In a major boost to the
country’s private vaccine manufacturing pharmaceutical companies, the World
Health Organisation (WHO) has said that India’s national regulatory authority —
Central Drugs Standard Control
Organisation (CDSCO) — and its affiliated institutions meet the prescribed
international standards. India is a major vaccine producer with 12 major
vaccine manufacturing facilities. Every second child in the world is vaccinated
for measles using a vaccine produced in India. India is the first country in
the 2012 round of assessment to have passed the strict levels of seven
indicators which are made more stringent every time in a single round of
assessment which is done by a team of 12 international experts headed by a WHO
member. The clearance by the WHO is expected to boost investment in the
pharmaceutical sector and push exports higher, which touched $13 billion last
year and is expected to touch $26 billion this year. Two-thirds of the vaccines
produced in India are exported. Background: In 2007, when the CDSCO had failed to meet the
WHO-prescribed standards, it had led to the WHO suspending manufacturing
licenses of three public sector vaccine manufacturing units on account of
non-compliance of good manufacturing practices (GMP) norms. India had made up
for the deficiency in the 2009 assessment and the units were re-started.
- India and the Association
of Southeast Asian Nations (ASEAN) on Tuesday raised hopes of inking a historic
free trade agreement (FTA) on services
and investments during the two-day ASEAN summit. At present, trade between
India and ASEAN stood at $80 billion and the aim was to take it to $100 billion
by 2015. After operationalising an FTA in goods (one of the 3 pillar of
Indo-ASEAN relation, other being the FTA in services and investment) in August
last year, both sides were engaged in widening the base of the pact by
including services and investments. Giving more information on this, Indian
Commerce Minister said the negotiations for regional comprehensive economic
partnership — a mega trade agreement,
comprising 16 countries of the region, including India and China — were
expected to conclude by 2015. Besides the FTA with ASEAN, India is negotiating
with the members of the block for a market opening pact. India has already
implemented FTA with Singapore and
Malaysia and is negotiating with Indonesia and Thailand in this regard.
- Coal
will nearly overtake oil as
the dominant energy source by 2017, and India will pass the U.S. in coal
usage becoming the biggest coal importer in the world, the International Energy
Agency has said. China will use more coal than the rest of the world put
together. Coal now accounts for 28 per cent of total primary energy
consumption, and its demand for the fossil fuel rose 4.3 per cent in 2011,
compared with 2010, the report said. Without a major shift away from coal,
average global temperatures could rise by six degrees Celsius by 2050, leading
to devastating climate change, the IEA report says.
- With India seeking to
address the “brutal trade imbalance”
with Bangladesh, a World Bank report released said a free trade agreement
(FTA) between the two countries would increase Bangladesh's exports to India by
182 per cent and that of India's to Bangladesh by 126 per cent. During 2011-12,
the two-way trade stood at $4.3 billion. Bangladesh has long complained that
trade with India was unequal, with India selling goods worth over $3.5 billion
to Bangladesh against the latter's export to India of about $0.6 billion. India's
closer economic cooperation with Bangladesh can also be an important
steeping-stone to reduce the economic isolation of India's North-Eastern
states. In 2004, India and Bangladesh had exchanged documents for an FTA and
negotiations were underway. However, talks were stalled over a few issues.
India's exports to Bangladesh include cotton, cereals, nuclear reactors,
boilers and machinery, while imports from the neighbouring country comprise
edible fruit and nuts, fish, apparel and textiles articles.
- Minister of State for
Labour & Employment has informed that the World Bank in its World Development Report 2013 has
pointed out that part time and temporary wage employment are now major features
of industrialised and developing countries and that in India, the number of
temporary workers that employment agencies recruit grew more than 10 percent in
2009 and 18 percent in 2010. Part time work is also on rise in India with the
share of informal workers in total employment in organized firms grew from 32
per cent in 2000 to 52 per cent in 2005 to 68 per cent in 2010. The propensity
of firms to hire contract workers has increased over time for all firms
employing 10 or more workers. The World Development Report 2013 has also
pointed out that when workers move from low-to-high-productivity jobs, output
increases and the economy becomes more efficient. Stringent regulations that
obstruct such labour reallocation do not sit on the efficiency plateau and
affect economic efficiency.
- Defence Minister informed
that the US Government has requested to conduct search and recovery missions in
the North East region to recover the remains of US service personnel presumed
to have been killed in aircraft crashes in the region during World War II. So far, three such
missions have been conducted.
- Minister of State for
Commerce & Industry has informed that India is looking at newer markets in Europe (especially in
Central & East European countries), while maintain Netherlands, Belgium,
Germany, UK, Italy and France as traditional trading partners.
- Known for his ‘emotional
connect’ with India, Japan’s conservative Liberal Democratic Party (LDP) chief Shinzo Abe seemed set to be sworn in as the
new PM of Japan with the LDP-led
coalition winning an absolute majority in the House of Representatives. As PM
in 2006, Abe had stunned many by predicting that Japan-India relations had the
potential to overtake Japan-US and Japan-China ties. During his a visit to
India in 2011, Abe had told a gathering at the ICWA, “India’s success is in
Japan’s best interests and Japan’s success is in the best interests of India.” Abe’s
comeback couldn’t have come at a better time for India. For one, he has taken a
much more pragmatic view of Japan’s nuclear policy in the face of the Fukushima
accident than his predecessor Yoshihiko Noda who wanted to phase out nuclear
power completely by 2030. Instead of shunning it altogether, he has asked to
let reactors considered safe reopen. This has led to hope that talks with India
could resume peaceful uses of nuclear energy. Abe won despite the popular
sentiment against nuclear power. Abe’s hawkish stand on China (he recently
described Japan’s position on Senkaku islands dispute as too reserved) is not
going to harm India either at a time when the focus of the world has shifted to
the Asia-Pacific in the face of Beijing’s growing assertiveness in the region.
- Wal-Mart
Stores may be facing sizable fines related to allegations of
widespread bribery at its Mexican affiliate, after a second report from the New
York Times provided more details about the scope of the potential
misconduct. Experts said the latest report is significant because it appears to
show that the alleged bribes were a substantial part of its business methods,
and more than routine payments to speed up approvals, which are allowed under
U.S. law. The newspaper said the world's largest retailer opened some 19 stores
by using hundreds of thousands of dollars in bribes to get what local laws
otherwise prohibited. The latest story describes, for example, $765,000 in
bribes that helped Wal-Mart build a refrigerated distribution centre in an
environmentally fragile area where electricity was scarce and smaller
developers were turned away. It also describes in detail how Wal-Mart allegedly
paid $52,000 to change a zoning map so it could open a store near the ancient
pyramids in Teotihuacan.
- South
Korea elected its first woman President, handing a slim but
historic victory to conservative ruling party candidate Park Geun-hye, daughter of the former military ruler. With 85 per
cent of the national vote counted, Ms. Park had an insurmountable lead of 51.6
per cent to 48 per cent over her rival.
As leader of Asia’s fourth-largest economy, Ms. Park (60) will face
numerous challenges: handling a belligerent North Korea; a slowing economy; and
soaring welfare costs in one of the world’s most rapidly ageing societies. Ms.
Park had pushed a message of “economic
democratisation” — a campaign buzzword about reducing the social
disparities thrown up by rapid economic development — and promised to create
jobs and increase welfare spending. On North Korea, Ms. Park has promised a
dual policy of greater engagement and “robust deterrence”, and held out the
prospect of a summit with the North’s young leader Kim Jong-Un, who came to
power a year ago. She also signalled a willingness to resume the humanitarian
aid to Pyongyang, suspended by President Lee Myung-bak.
- South Africa’s governing
African National Congress (ANC) voted overwhelmingly to keep President Jacob Zuma as the head of the
nation’s dominant political force, more than likely guaranteeing the politician
another five years as the President.
- Nepali political forces
failed to strike a deal even as President Ram Baran Yadav’s fourth deadline to
the parties, to come up with a consensus
Prime Minister, ended on Monday evening. While Unified Communist Party of
Nepal (Maoist) chairman Pushpa Kamal Dahal ‘Prachanda’ is understood to be
agreeable to hand over power to Nepali Congress (NC), Prime Minister Dr.
Baburam Bhattarai and Madhesi allies are opposed to a pact without firm
guarantees on elections, peace process and constitutional issues.
- The death
toll from the strongest typhoon (Bopha)
to hit the Philippines this year has topped 1,000 and could still
rise sharply. The storm has also caused massive damage to infrastructure and
agriculture, destroying large tracts of coconut and banana trees.
- Tropical Cyclone Evan has
intensified from a category four systems as it heads towards Fiji. The
centre of Tropical Cyclone Evan is generating wind speeds of 165kmph, with
gusts of up to 230kmph.
- NASA may have devoted many
of its exploration resources to Mars recently, but the US space agency also has
its eye on an icy moon (Europa) of
Jupiter by 2021 that may be capable of supporting life. The agency is
thinking about ways to investigate the possible habitability of Europa,
Jupiter's fourth-largest moon. One concept that may be gaining traction is a
so-called “clipper” probe that would make multiple flybys of the moon, studying
its icy shell and suspected subsurface ocean as it zooms past. Astrobiologists
regard Europa, which is about 3,100 kilometres wide, as one of the best bets in
our solar system to host life beyond Earth.
- The world’s first vaccine
against Japanese Encephalitis (JE),
created using an Indian strain of the virus, is now ready. Dr Raj Shankar Ghosh
from PATH, an organization instrumental in conducting JE vaccinations since
2006 across 15 states and 118 districts, said that the injectible vaccine has
been found to have a protection rate of over 90% and can be used on the 1-15
years age group. Interestingly, according to PATH’s country programme leader
Tarun Vij, the vaccine, besides protecting against the Indian strains of JE, is
also effective against the Nakayama
strain — the original strain from Japan, and the Biken strain that
circulates in other Asian countries. At present, India imports its entire stock
of JE vaccine from China’s National Biotech Group. The arrival of the
indigenous Indian vaccine will greatly help protect the country’s population
against a disease that is growing in numbers.
- The yet-to-start Hockey India League became the sport’s
most lucrative tournament in the world, when its five franchise owners
liberally opened their purses at an IPL-style auction, the first ever in
hockey, in which players were sold for amounts unheard of in the sport. Indian
captain Sardar Singh was the most sought after player and went to the Delhi Waveriders
for Rs 42.5 lakh, a big jump from his base price of about Rs 15 lakh. The
biggest surprise of the day was drag-flicker V R Raghunath’s winning bid of Rs
41.4 lakh by Sahara UP Warriors, way up from his base price of Rs 7.6 lakh. The
inaugural HIL will run from January 16 to February 10 next year.
- World Cup and European
champion Spain has completed a full year atop the FIFA rankings, 2014 World Cup, while host Brazil has plummeted to
No. 18 and the U.S. dropped one spot to No. 28. Spain leads No. 2 Germany, with
European Championship finalist Italy at No. 4. England is No. 6, and Europe
fills all places through Switzerland at No. 12. Ivory Coast is Africa's best at
No. 14. Mexico is No. 15, and Japan leads Asia at No. 22.
- Miss USA Olivia Culpo was
crowned the Miss Universe for the year 2012 on Wednesday. The
20-year-old beat all the remaining contestants of 88 countries, including first
runner-up Janine Tugonon of the Philippines, to win the highly-coveted title.
Culpo takes over the honor from last year’s winner, Leila Lopes of Angola. While Miss India Shilpa Singh
couldn't even make it to the top 10 at the competition which was held at Las
Vegas.
- India defeated Pakistan in
the men’s final to retain the title at the third World Cup kabaddi tournament. It
was for the third consecutive year that India thrashed the rival in the final. The
winning team got a prize money of Rs. 2 crore while Pakistan took home Rs. 1
crore. Canada, clinched the third prize of Rs. 51 lakh.