Political heat is adding to the misery of the early heat wave in many parts of the country. FinMin Arun Jaitley in particular is facing more heat just when his party badly needs Rajya Sabha support to push through his government’s economic reforms agenda. If the BJP’s light-bulb moment was to secure AIADMK supremo J. Jayalalithaa’s support in Parliament, those hopes are more like a flickering tubelight. All thanks to Jaitley’s cabinet colleagues. Jayalalithaa has apparently not taken kindly to Piyush Goyal calling her “inaccessible” and Prakash Javadekar stating that the UDAY electrification scheme is faring badly in TN. At a packed election rally recently, Amma called UDAY a “suit-boot waali” scheme that will “hike power tariffs”. Reportedly, Venkaiah Naidu has been roped in to douse this fire.
After fighting a losing battle with apps like Whatsapp and Viber for offering free calls, the telecom companies are now targeting state-run BSNL to stop app based calls on their platform. Following reports of BSNL offering app-based calls through which its customers travelling abroad can avoid ISD charges, the Cellular Operators’ Association of India, which represents the big four telcos—Airtel, Vodafone, Idea and Aircel—has written to TRAI chairman R.S. Sharma and DoT secretary J.S. Deepak to immediately stop the service as it violates ‘licensing conditions’. The real fear of the telcos is that BSNL is likely to take away voice subscribers to the internet calling service.
Does “sin” money change into “good” money when used for good causes? Goa CM Laxmikant Parsekar apparently believes so. To quell continuing protests, including from the Congress, on his failure to shut down casinos, he has decided to reserve the tax revenue from these enterprises, which have an estimated Rs 1,000 crore annual turnover, only for old age homes. Still recovering from the revenue loss during the freeze on mining, Parsekar is wary of losing a big revenue source.
Facebook has developed Surround 360, a video-capture system that produces virtual reality content. The 17 camera sensors shoot at 30 and 60 frames per second and work with a global shutter, meaning every pixel is captured at the same moment.
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Let's not rely on nature's benevolence to rescue us. Let's stay focused on initiatives that make the country drought-resistant (2/2)— anand mahindra (@anandmahindra) April 13, 2016
This week we re-evaluated Demographic dividend
Contrary to popular belief - a demographic dividend is unlikely to accrue to India anytime soon due to a large share of youth lacking education and jobs to deliver this productivity, according to a report by Ambit Capital. Adding to the imbalance is India’s skewed gender ratio.
“The lethal combination of a youthful demographic structure but no education, no jobs and no women is most pronounced in India’s Northern Belt (INB),” states the report.
In contrast, the south is almost like a middle-income country with superior performance (and improving) on a range of socio-economic indices.
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