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Jan 30, 2015

University of Hyderabad wins ‘Best University’ Visitor’s Award

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University of Hyderabad
The President of India, Shri Pranab Mukherjee will present Visitor’s Awards for Central Universities in the categories of ‘Best University’, ‘Innovation’ and ‘Research’ for the year 2015 at a function to be held at Rashtrapati Bhavan on February 4, 2015. This function will coincide with the third Conference of Vice Chancellors of Central Universities scheduled to be held from February 4-5, 2015.

The Visitor’s Award for the ‘Best University’ will be awarded to University of Hyderabad.

Visitor’s Award for ‘Innovation’ will be given to Prof. Vijay K. Chaudhary and Dr. Amita Gupta of University of Delhi who have invented ‘TB Confirm’, a rapid diagnostic test for Tuberculosis.

The Visitor’s Award for ‘Research’ will be presented to Cosmology and Astrophysics Research Group, Centre for Theoretical Physics, Jamia Millia Islamia for path breaking research carried out in the field of Astrophysics and Cosmology.

The ‘Best University’ will receive a Citation and Trophy while winners of Visitors’ Award for ‘Innovation’ and ‘Research’ will receive a Citation and cash award of Rs. one lakh.

The President had announced institution of these awards at the Vice Chancellors’ Conference last year with the aim of promoting healthy competition amongst Central Universities and motivating them to adopt best practices from across the world.

For selecting the winners, online applications were invited from all Central Universities for each category. A Selection Committee comprising of Smt. Omita Paul, Secretary to the President as Chairperson and Secretary, Department of Higher Education, MHRD; Secretary, Department of Science & Technology; Chairman, UGC; Chairperson and Vice Chairpersons of National Innovation Foundation; Director-General, Council for Scientific & Industrial Research (CSIR) and Director IIT Delhi as members chose the winners of the Awards.

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PM pays homage to Mahatma Gandhi On Martyrs' Day

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PM Modi paying homage to GandhijiThe Prime Minister, Shri Narendra Modi has paid homage to Mahatma Gandhi and all the Martyrs who laid their lives for the Nation, On Martyrs` Day.

"पूज्य बापू को उनकी पुण्यतिथि पर शत् शत् नमन। My tributes to Pujya Bapu.

On Martyrs` Day I pay homage to each and every Martyr who laid his or her life for our Nation. Their bravery and courage will always inspire", the Prime Minister said. 

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Manoj Santhalia, CMD, New Indian Express meets PM

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Shri Manoj Santhalia, CMD, New Indian Express meeting and presenting a cheque of Rs 1.35 crore to PM towards PMNRF

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Jan 29, 2015

IIC submits representation for 2015 Budget to Govt

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Impact Investors Council (IIC), an industry body to promote impact investing in India, today submitted a representation for the forthcoming Budget to the Minister of State for Finance, Shri Jayant Sinha, on behalf of the investors and social entrepreneurs, seeking recognition for the Rs 10,000-crore sector, and easier financing for social enterprises.

Impact Investors invest in social enterprises, which are working to create social and environmental change in the country.

Impact investing essentially involves investing with the implicit intention of generating positive social impact along with a return on capital. It ends the old dichotomy, which saw business as simply a way to make profit, while social progress was best achieved through charity or aid.

Impact investment has been growing at a rate of 27%in India over the last seven years, and 30+ impact investment funds in the country have invested a cumulative amount of $1.6 billion in 300+ social enterprises and across a range of industries such as financial inclusion, agribusiness, healthcare, education and clean energy, among others[1].

Social enterprises in India have exemplified the power that businesses can do ‘good’ while creating value for themselves. However, they have found it challenging to source institutional capital, especially in their initial years. Impact investing has played a key role in filling the crucial gap of financing social enterprises in India.

“Impact Investors have used the power of financial markets and ingenuity of social entrepreneurs to build Rs 10,000 crore impact investment industry with a promise to exceed Rs 6,000 crore annually by 2020. The industry helps bridge our national social investment gap while serving the poor and underserved. Therefore, IIC is requesting the Government to partner us and help galvanize the impact investment eco-system,” said Amit Bhatia, Chief Executive Officer, IIC.

In its first ever member-only convention, the board members of the council presented the priority areas that need immediate attention from the government to boost the impact investing activity in India. IIC requested for the following:

1. Official recognition of impact investors, social enterprises and IIC

2. Review of social venture fund (SVF) guidelines

3. Extending priority sector lending to social enterprises

4. Increasing access to External Commercial Borrowing (ECB) funding by social enterprises

5. “Panel Member” on the high level committee on Corporate Social Responsibility (CSR) and social impact assessment measures.

The number of impact investors-funded social enterprises is expected to reach 1,000 by 2020. The staggering growth is on the back of impact investment, which is estimated to cross $6 billion or Rs 40,000 crore by 2020, while the annual figure is likely to exceed $1 billion in the next five years. The cumulative investment of Rs 10,000 crores positions India as one of the largest impact investment destinations in the world[2].

IIC is working towards the goal of reducing information asymmetry in the impact investing sector. The council has helped in establishing a working definition of impact investing that outlines the contours of impact investing and an impact investor in India. It has also put forth a comprehensive view on the quantum of impact investing across years, sectors and stages of enterprise growth. In addition to these activities, IIC is currently working towards developing national standards for impact assessment and measurement.
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Airtel to apply for Payments Bank License

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New Delhi, January 29, 2015: Bharti Airtel Limited (“Airtel”) today announced that its wholly owned subsidiary Airtel M Commerce Services Limited (AMSL) is seeking to convert its existing Prepaid Payment Instrument license into a Payments Bank license to be issued by the Reserve Bank of India. It also announced that subject to grant of a Payments Bank license to AMSL by the RBI and all regulatory approvals, Kotak Mahindra Bank Limited (Kotak) will acquire 19.90% stake in AMSL as an investor.

AMSL offers mobile money services under the brand name “Airtel Money”.

Gopal Vittal, MD and CEO (India and South Asia), Bharti Airtel said, “We welcome the Reserve Bank of India’s (RBI) initiative on Payments Bank. The RBI’s vision for differentiated banks represents a significant step in furthering India’s financial inclusion agenda. The RBI guidelines provide an exciting and challenging opportunity for an entity like us to contribute in a meaningful manner to drive financial inclusion”.

On the tie-up with Kotak, Vittal added, “Kotak Mahindra Bank Limited is one of the leading and most respected private sector banks in India. Kotak’s banking expertise coupled with Airtel’s strength in telecom will help deliver financial services to millions of unbanked citizens across the country”.

Airtel is the largest mobile services provider in India with over 215 million subscribers and with 31% revenue market share. Airtel has deep and wide distribution reach especially in rural and remote parts of the country. Its distribution network reaches over 1.4 million retail points across India.

Airtel Money, launched in 2011 was the first mobile based pre-paid payment instrument service in the country and today empowers millions across India to leverage their mobile phones as a secure way for making payments and transferring money.
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Jan 26, 2015

R K Laxman - Creator of 'Common Man' Cartoon, Died

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R K Laxman
Photo credit Hindu
R K Laxman, famous cartoonist of India,  who is known for his iconic work "Common Man" in You Said it, breathed last on Monday evening at a private hospital in Pune. He was 94.

For long, he has been associated with journalism filed and his cartoons had reflected the true image of the society.

He is brother of famous novelist R K Narayanan.

India lost a legendary cartoonist, who has been the life of cartoon and inspiration to millions of journalists.

Rasipuram Krishnaswamy Laxman was an Indian cartoonist, illustrator, and humorist.

He is best known for his creation The Common Man, for his daily cartoon strip, "You Said It" in The Times of India, which started in 1951.

We will his work, here are some of the cartoon of R K Laxman, and this way we got to pay tribute the great cartoonist.

R K Laxman - Creator of 'Common Man' Cartoon, Died

R K Laxman - Creator of 'Common Man' Cartoon, Died
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India celebrates 66th Republic Day with Gaiety

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66th Republic Day
India is celebrating 66th Republic Day today, and US President Barack Obama is the chief guest.

US Senate terms it as great honor and a big occasion for both nations.

Indian constitution has came into force on Jan 26, the day is being celebrated as Republic Day.

President Pranab Mukherjee and Prime Minister Narendra Modi greeted people on this occasion. Indian tri-colour flag has been furled across the country with gaiety.

Both the nations, had many rounds of dialogues on various core issues including nuclear, that has been jammed since 2008.

This is the first time in India history, that US President was the chief guest. Obama arrived on Jan 25, and he greeted the people of India in Indian style.

In the parade, India for the first time displayed recently acquired long-range maritime surveillance and anti-submarine P-8I aircraft and long-range advanced MiG-29K fighter plane.  
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Jan 25, 2015

This Week: Sensex at 29,000, gains 4.11% and NIifty @ 8, 800, gains 3.78%

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stock market this week
The BSE Sensex and the NSE Nifty continued the bull-run during the week and ended above 29,000 mark and 8,800 level respectively also marking the all-time highs for both indices on sustained capital inflows amid positive global sentiments.

Positive investor sentiments over Indian stocks saw the foreign participants liberally buying out shares. Even glitches because due to Chinese market slump amid authorities curbing speculative lending, were sidelined as domestic market garnered whopping 1,156.45 points during the week.

The week saw sentiments getting bolstered by IMF’s projection about Indian Economy growth rate till 2016. Also, stellar corporate earning and government budget date announcement leading to hope of more reforms coupled with European Central Bank (ECB) higher than expected stimulus announcement of 60 billion Euro a month led to massive rally across the globe. ECBs stimulus announcement is dynamic for emerging India as it may result additional fund flows.

The benchmark S&P BSE Sensex rallied to a life time intra-day high of 29,408.73 before settling at record of 29,278.34, gaining 1,156.45 points or 4.11 per cent over the preceding weekend close.

The NSE Nifty surged 8,866.40 mark for the first time and ended new mile stone at 8,835.60, gaining 321.80 points or 3.78 per cent.

Barring FMCG segment, healthy buying was witnessed in sectors of Capital Goods, Metal, banks, Healthcare, Auto, Consumer Durable, realty, IT and Oil & Gas.
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Jan 24, 2015

US President Barack Obama is on Three Days Visit to India

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US President Barak Obama is coming to India on three days visit. His aircraft Air Force One has taken off from Andrew Air Force Base today.
US President Barak Obama is coming to India on three days visit. His aircraft Air Force One has taken off from Andrew Air Force Base today. Much awaited visit for India and US, both the leaders would be discussing many issues including terrorism.

Obama is the chief guest for Republic Day Parade to be held on Jan 26. He will be spending around two hours at the parade function. Security has been beefed up in all the areas including New Delhi.

He was scheduled to visit Taj Mahal in Agra. But, officials have confirmed about cancellation of Obama’s visit. However, no specific reason was cited for the cancellation. Obama expressed regret of not visiting Agra in Uttar Pradesh.

He is will arrive in New Delhi on Jan 25 and likely to held many rounds of meeting with political and business leaders. And, Obama and Narendra Modi will address the nation in ‘Man Ki Baat’ radio show to be aired on All India Radio on Jan 27.

Prime Minister Narendra Modi has been addressing nation through ‘Man Ki Baat’ every month on All India Radio since October 2014.

US President Obama is scheduled to meet 17 Chief Executive Officers of Indian Corporation in New Delhi during his three-day visit. And all the CEOs will be meeting their counterparts.

Indian economy has been showing signs for revive and stock markets have been rallying in India. It is perfect time for India and US to sign some business and bilateral deals.
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Accept Indian Ethnic Wear As Power Dressing!

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Accept Indian Ethnic Wear As Power Dressing!
With new trends and styles setting in, the Indian attire is losing its sheen in the corporate wear. People shy away from wearing Indian wear in office. There is a steady decline in women voluntarily choosing to wear sarees and men to wear kurta’s as a way to power dress. Most people today opt for business suits to feel at par with the the overall concept of power dressing.

JD Institute of Fashion Technology is the first institute to take responsibility and encourage its people to sport Indian wear with full élan.Keeping this in mind, JD Institute of Fashion technology, spread across 21 states of India with 30 different centres’ is taking a pledge this Republic Day to be dressed in the Indian attire once a week for the whole year.

In order to keep alive the feeling of patriotism and keep intact the culture of our nation, this pledge has been taken, says Mr. RC Dalal, Executive Director, JD Institute of Fashion Technology. While we already train more than 5000 students all across the nation to think creatively and start a fashion trend every year, it will be nice to look back into our own culture and tradition and look at rich textile heritage for not only selling but also to wear the same in various areas of power, he adds.

It will be worthwhile to see designers to wear Indian clothing on ramp when they enter the International Fashion Weeks. It will inspire the whole nation to respect our own dressing and make it as powerful.

While politicians always wear Indian clothing to be more acceptable amongst the people all across the nation, it was worthwhile to see Shri Narendra Modi , our Prime Minister to give a new version to working kurtas during various rally’s and public meeting during the election.

This may have started at an institute but we intend to make this into a movement!

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