NASA reveals that science fiction films have described the nature of space.

NASA reveals that science fiction films have described the nature of space. However, it is quite interesting when it comes to declaring actual images of astronomers working at 250 miles above the Earth. NASA has recently launched amazing “cam action” images of a

space walk

on the International Space Station, revealing what happens just after astronauts leave their spacecraft in orbit. It’s like a space walk
“During the spacewalk, ESA Thomas Pesquet and NASA Shane Kimbrough prepared the adapter-3 pressure coupling for a second international docking adapter that allows commercial vehicles from the commercial dock”

NASA operates space suits and may compromise future missions

A new audit of the NASA authorities reveals that it operates low in space and new suits may not be there in time. Astronauts have used the same facilities since 1981. The success was designed only for the last 15 years, but NASA was able to lie down in the … Why NASA operates the space suits revealed by Google News View They are similar. ..

NASA space suits have surpassed 40 years and fall

A new workplace report from NASA’s Joint Inspector found that the company operates in the region in short-term space spaces designed for space walks at the global area station. This is what astronauts have called objects of extravehicular mobility. Auditors Criticized NASA Growth Space Suits Printed by Google News View They are similar …

The New Space Suit program of NASA is online

In the past eight years, NASA has spent about $ 200 million trying to develop new space games. However, auditors report that the company is not even close to the preparation of its subsequent configuration technology. However, they must be obtained relatively quickly or miss a report – NASA OIG revealed by Google News View They are similar …

NASA is working from space suits – and can not make the news fast enough

NASA space suits aging begin to collapse and replacements are however a number of years, according to a report from the society auditor. If you have received spare parts in the locker room, NASA would have. This corresponds to … Report – NASA OIG Printed by Google News View They are similar …

NASA revealed the “watercolor world” Saturn

It was created by citizen scientist Gabriel Fiset using JunoCam instrument data on NASA’s Juno spacecraft. Scroll down for video. Gabriel Fiset created by using the data in JunoCam instrument Juno spacecraft of NASA. 11. Created by the Cassini spacecraft … It is a large gap between the rings of Saturn Posted by GoogleNews View They are similar … NASA revealed the “world of watercolor” Saturn – Daily Mail

A walk in the eye of NASA in the sky

As with most other telescopes, astronomers postulate a time of observation on the Sofia by presenting proposals that are evaluated by their peers for their scientific promise and their intellectual merits. SOFIA, however, is special so that observers can also request. Astronomers have discovered a solar system that is “very similar” to our own GoogleNews View View They are similar … A walk in the eyes of NASA in the sky – Phys.Org

Why are you working with NASA space suits?he global area station. However, they do not seem to be adequate enough to walk on the moon … NASA is working out of the home – and it’s New Year’s news prepared Revealed By Google News View They are similar …

 

NASA has been working on its obsolete steps, and the news may be out of place in the house. Space suits at that time are designed to function properly when astronauts float outside t

NASA will not have new costumes for years

NASA is about to expire the space suits and is year to prepare new preparations for future missions, according to a new report. The Joint Inspector Workplace (OIG) of NASA found that, regardless of investing nearly 200 million swimwear in the region, NASA is working out of the area,
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Should A 16-18-Year Old Juvenile Accused Of Heinous Offences Be Treated As Adult?

PROGRESS

In a Group Discussion Test as soon as the examiner withdraws from the scene, the candidates (usually 8-12 in number) feel a bit free and relaxed. The tension is reduced to some extent and they start talking to their neighbours or to others in whispers, murmurs or asides. However, soon the tempo and noise of such small talk or conversation grows and many are found talking at the same time. This results in obvious confusion and eventually no one is able to make out who is saying what and to whom. At this stage, we find No. 5 raises his voice above the din and noise of the goings-on so that he could be heard by all and addresses the group as a whole.

No. 5 : (Displaying self-confidence and revealing a warm and friendly disposition with his cheerful, pleasant smile) Friends, please pardon my interruption and lend me your ears. May I have your kind attention for a few seconds, please ? I wish to make a small announcement which is of equal importance to all in the Group. (The confident and assured manner in which No. 5 spoke and his friendly and courteous approach at once ensures silence and order in the Group. All asides and cross-talks cease and all eyes are turned towards No. 5. Since he said that he had some announcement to mahe which would be of interest to all, the curiosity and eagerness of the group is aroused. All are motivated to listen to him with keenness and concentration).

No. 2 : Yes, Mr. No. 5. We are ready. You said you have something special and important for all of us. Please go ahead and tell us about it.

No. 7 : That is right. We are quite keen to know. Gentlemen, let us all pay attention to No. 5. No noise please.

No. 5 : Thank you friends. (Turning towards No. 2 and No. 7) Thank you Nos. 2 and 7 for your cooperation and help. First of all, I want to draw your attention to the fact that we as a Group consisting of the eight of us, have a task before us which we have to complete or achieve, I mean, a target has been set to us as a Group to be achieved within a specified or given time frame. Thus, within a set time-limit we have to complete our task successfully

No. 4 : I say there is no definite time limit. The examiner said we can take 25 to 30 minutes. Therefore, it is flexible.

No. 5 : (Smiling in a friendly manner) That is right, No. 4. You are correct. You will then agree that we must complete our task or assignment within that time limit. Shall we say the maximum limit is 30 minutes ?

No. 4 : I say, what is the difficulty in that ? What is your problem ? When the examiner tells us to stop, we can stop. (He looks around to see whether the examiner is there in the rear somewhere but does not find him) Well, I don’t see any problem. I wonder whether any of you in the Group, of course No. 5 excepted, feels there is any difficulty in completing this so-called task within the given time of 25 to 30 minutes.

No. 2 : Hey No. 4! Why don’t you keep quiet for a while and allow No. 5 to tell us whatever he has in mind ?

No. 4 : You shut up, No. 2. Who the hell are you to order me about ? Who do you think you are ? I have every right to talk and say what I feel like.

No. 7 : Please cool down No. 4. No offence is meant. Let us first listen to No. 5 and then come out with our views and ideas. Please, go ahead No. 5.

No. 5 : Friends, our task, as you are all aware, is to have a friendly discussion on the subject “Should A 16-18-Year Old Juvenile Accused Of Heinous Offences Be Treated As Adult ?” A discussion on the subject implies that all the participants should express their views and exchange ideas on the subject. For the eight of us in the Group to express our views would need time. We also need time for each to comment on the views expressed by others. Therefore, we must all agree and come to a quick understanding as to how exactly we are going to tackle the matter.

No. 4 : I say, it is all beyond me and I don’t understand a bit. You seem to confuse us for nothing. What do you think we were doing before you intervened and asked us to hear your views ? We were just discussing the subject. I was asking the ideas of No. 3 and was explaining my views to him. I am sure others were also similarly comparing notes. Maybe you didn’t have anyone to talk to. Maybe we would have continued with our discussion and but for your interruption, completed the task in time. You Hook us for a ride by alluding to something quite important. It is all a waste of time.

No. 5 : (Smilingpleasantly to the surprise of No. 4) You may be right No. 4. Perhaps, you expressed your views to No. 3 and he gave his reactions to the same, all right. But what about the rest of us ? Don’t you want the others in

 

the Group also to know your ideas ? I am certainly interested in knowing your views on the topic.

No. 7 : Yes, sure. So also the rest of us in the Group and I want to know the views of everyone. Similarly, I want everyone to listen to my own views as well.

No. 4 :1 say, if I was talking to No. 3, my neighbour, I am sure others did the same. No. 7 must have spoken to No. 8 or No. 6. Thus, all of us were discussing the subject.

No. 5 : No one denies that No. 4. But it means that the discussion was limited to two each and was done in sub-groups. No. 8 is sitting across, right opposite to you. No. 1 or No. 7 could hear his views. But what about yourself and myself ? Don’t you think that each member should share his views with all the rest in the Group simultaneously. We would also definitely like to react to your views and make comments.

No. 4 : What do you mean by reacting to my views or making comments ? How does it matter ?

No. 7 : (Intervenes with a smile) May I explain, please ? It means we all listen to you first and understand what you say. If several people speak at the same time, no one will be able to understand anything. Hence, only one must speak at a time. Next, we may agree or may not agree with what you say. We may also have our own ideas on the subject. There will be other comments. No. 5 called it the reaction of others.

No. 6 : I have an idea. I mean, we can have a debate.

No. 2 : You mean we elect a chairman, divide ourselves into two groups, one supporting the proposition and the other opposing it.

No. 4 : I would like to be the chairman.

No. 2 : That is not left to you. I said the Group will elect a chairman.

No. 4 : I don’t care as to what you say, I am going to be the chairman, no matter what you say.

No. 7 : Please, gentlemen, I am afraid we are off the track. No. 5 was about to make proposal as to how we can go about our task and complete it in time. Come on No. 5. Let us have your proposal.

No. 5 : Thank you. We have already taken a lot of time and electing a chairman and mover of the proposition and finalising other formalities will require a lot more of time which we cannot afford. Moreover, you would remember the examiner mentioning that we can have this discussion in an informal, friendly manner without going in for the niceties of a formal debate. I, therefore, suggest a simple procedure. Let each candidate addressAhe group as a whole for two minutes in the first

WINNING STRATEGY

O penness, candour and friendly approach send positive and powerful signals about you and your leadership capability.

instance. Everyone is to get a turn. We can start with No. 1, move on to Nos. 2, 3, 4 and so on, till No. 8 gets his turn and the round is completed.

No. 7 : Very good idea. I am sure you all agree.

Nos. 2 and 6 : Yes, yes. It is okay.

(No. 4 seems undecided and maintains silence.)

No. 1 : Please, please, I don’t want to speak first. Rather I will speak last. Let someone start first.

No. 4 : No, no, that won’t do. It will upset the arrangements outlined by No. 5.

No. 5 : Please don’t worry. No. 4. We can start with anyone who volunteers to be the opening speaker. If you volunteer, you can be the first speaker, we can start with you and end up with No. 3. Otherwise, we can proceed anti­clockwise and after you, it will be the turn of No. 3, then No. 2, then 1, 8, 7 till I get the turn as the last speaker.

No. 4 : I never said that I am volunteering to speak first. I think we should stick to your original idea and begin with No. i.

No. 7 : I suggest we start with No. 2. His turn comes after No. 1. After No. 2, we move on to No. 3, 4, 5 and so on and complete the first round with No. 1.

No. 5 : That is very good. Come on No. 2. Please express your views on the subject.

Comments : During the preliminary stage, we find a number of candidates displaying initiative and taking part in the deliberations. First of all, No. 5 starts the ball rolling. He succeeds in creating a favourable impact on the group and he motivates and sways others to his side by presenting his case with tact, patience and persistence. No. 4 who is keen to assert his authority, interferes and displays opposition. But Nos. 2 and 7 come to the aid of-No. 5. In particular, No. 7 proves very effective with his tacful, persuasive and firm approach. He is able to find solutions whenever the Group is confronted with a problem. No. 2 lends strong support to No. 5, but in his enthusiasm and eagerness adopts a collision course with No. 4. No. 1 appears to be of a docile and dull type. He wastes the opportunity offered to him on a platter. No. 6 seems a bit confused. No. 4 persists in displaying a negative and confrontational approach. In addition, he is averse to shoulder responsibility. We find him spurning the opportunity when he is offered to open the discussion as the first speaker. No. 5 remains cool and counters provocations with patience and cheerfulness. He tackles opposition with reason, logic and understanding. The support given by No. 7 to 5 in achieving the group task is consistent and effective. Nos. 3 and 8 have not made any contribution and have chosen to remain silent observers. Nos. 5 and 7 have emerged as strong leaders with No. 2 as a good supporter. No. 4 is strong and keen but plays a negative role.

No. 2 : Friends, the topic “Should A 16-18-Year Old Juvenile Accused Of Heinous Offences Be Treated As Adult ?” has been given to us due to the consensus of the Rajya Sabha regarding a new Juvenile Justice Bill which was passed on December 22, 2015. The Bill allows 16 to 18 years old, accused of heinous offences, to be tried as adult. This has paved the way for a new juvenile justice system in which the criminal culpability will now be 16 years, subject to some conditions. If we look for detail, we will see that the Bill had been in the making for years, but became a flashpoint after the Delhi gang-rape of 2012. In this gang-rape, one of the perpetrators was a youth, six months short of 18 years. His three-year period in a reformation home ended on December 20, 2015. His freedom brought the crowds and also the family of the rape victim to India Gate to urge that the juvenile perpetrators should not walk free. If we remember, a horrendous gang-rape had been committed in December 2012 by six people in the heart of the country, Delhi and stirred the popular conscience in such a way that not only India, but the whole world including the United Nations, also got upset. In this way, the chain of protests culminated in a countrywide demand for adequate measures to be taken for the safety of women coupled with the harshest punishment for the perpetrators of such heinous crimes. “Damini” or “Nirbhaya” (the fictitious’names for the victim who died after 13 days) became a symbol of the honour of woman in general who has historically been losing her life on the altar of abominable lust of men for ages. As several political organisations and civil society had started demanding harsher punishment and speedier justice in rape cases, the Union Government constituted the Verma Panel to suggest changes in laws relating to sexual offences against women. In its recommendations, the Panel ruled out death sentence or castration for rapists which, to my mind, is not the right judgment or suggestion. To my mind, all the suggestions made by Ms. Jayalalithaa in her 13-point plan which included death penalty and chemical castration also would go a long way in awakening the country. Rapists deserve nothing less than death or castration with life sentence, I think.

 

Besides, the Panel also suggested that the perpetrators below 18 years of age should not be treated as adults. There is one provision in the recent Bill that had been contentious from the start—that juveniles aged between 16 and 18 years who are accused of heinous offences (for which there is a sentence of seven or more years under Indian Panel Code) can be tried under adult laws. This particular provision had been rejected by the aforementioned Parliamentary Standing Committee. The present Bill has provided for treating them as adults and that is necessary.

Comments : No. 2 has understood the subject and grasped the essentials. He is sincere and succeeds in winning over his audience. He has displayed initiative and made reasonable use of the opportunity offered to him. He enjoys a fair range of ideas and puts across his views with force and confidence. Selected.

No. 3 : Friends, I really do not know what to say as far as the topic is concerned. For one thing I am sure, if people are saying that rapists should be hanged till death, there may be some good logic behind it. Similarly, those, who object to the idea of death sentence or chemical castration, must have some strong points, otherwise they must not have raised their voice against it. We are expressing a layman’s concern, not an expert opinion. If the law-makers think that Juvenile Justice (Care and Protection of Children) Bill 2015 which says perpetrators aged between 16 and 18 years should not walk free, it is all right. Those in power, whoever they may be, are the decision-makers and their decisions are always serious, because every decision has its own logic and basis. I consider myself ignorant as far as discussion on such topics is concerned, because I stand nowhere near the people who are supposed and authorised to speak on matters which have legal implications.

Comments : No. 3 has not come out with any original views or ideas on the subject. He has decided to hide his lack of conviction by talking about the issue in a vague language. He has not made any noticeable impact on the group. Rejected.

No, 4 : Well, gentlemen, I would like to interrupt. As far as I am concerned I do not believe in elected government and the idea of democracy. Democracy is the worst form of governance, because in democracy, you are not at liberty to form your own idea and let the people accept it, unless you form an idea keeping in mind the views of others. To introduce a legislation that can provide for a direct and stringent action against serious wrongdoing is easy, but to implement it is very difficult. If wrongdoers had feared law, Nirbhaya would not have had to undergo any physical and mental torture. If you want

SUCCESS IN GROUP
DISCUSSION

Instinctively, they rise to the occasion to steer the ship through the choppy waves to a safe haven. That is the work of the captain. In GD, too, as the cross talks arid asides leave the clock ticking away fast to the deadline, someone conscious of the work on hand volunteers to bring order out of chaos by appealing to all the participants to see reason and come out with their contribution to accomplish the task in an efficient manner within the allotted time. With better qualities of restraint, patience and foresight, the leader inspires all to give their views on the subject given, without puncturing the ego of even the most recalcitrant elements in the group.

that people should follow the way you choose, you should be given the requisite power to make them yield to your views. Democracy never approves of such a way.

Comments : We have already found that this candidate is aggressive, rigid and displays marked negative traits. He has a tendency to quarrel and fightfor selfish reasons. His views do not reflect logic or reason but prove to be mere self-opinionated assertions. He is unable to understand others and cooperate with them. He remains adamant and selfish. He will create clashes, engage in fights and hinder the achievement of the objectives of the organisation. Rejected.

No. 5 : The topic, “Should A 16-18- Year Old Juvenile Accused Of Heinous Offences Be Treated As Adult ?” is very pertinent and serious, given the state of affairs in our society. Actually, the whole issue was highlighted after the Nirbhaya incident and what transpired after it, i.e. the public protests and nationwide anger brought to light the ugly, or rather rotting interior of our society. We should have a befitting solution to this endemic. In all likelihood, the political class or the Government wanted to have speedy closure by ensuring the “maximum punishment” for the men who fatally assaulted the hapless woman inside a bus that sped along one of the busiest roads of Delhi. I do not say that they should not have been punished. They committed such a heinous crime that cannot be forgiven at any cost by any means. But we should try to fix the fractures and fissures in the system as well as society. I mean to say that hanging or castrating the rapists cannot eradicate the grievous ill that is plaguing our society, or for that matter, the system which is prevailing. Even if our legislators, in a fit of conveniently misplaced concern, prescribe the death penalty or chemical castration for rape, the pathology we are dealing with will persist. The responses of a number of the framers and implementers of the law since the incident took place, i.e. December 2012, showed how many of them were themselves complicit in the patriarchy that produces, sanctions and makes excuses for violence against women. Their complicity is evident from not just the foul statements but in the silences and compromises of senior politicians and officials who have been at the helm of the system that is struggling hard to survive. The system has completely failed to ensure security of and justice to women across the country. I mean to say that there are sufficient laws to deal with rape and sexual assault, but not the police, judiciary and leaders in the actual sense, that can work them effectively. This leaderless vacuum must be filled so that such incidents do not take place again and again.

So far as the consensus on passing the Juvenile Justice Bill in the Rajya Sab ha which allows 16 to 18 years old, accused of heinous crimes, to be tried as adults is concerned, I am of the view that it should not have happened. The changes proposed in the new J.J. Bill were rejected by a parliamentary committee headed by the late Justice J.S. Verma and in 2013, the Supreme Court dismissed as many as eight public petitions asking for the age being lowered to 16. I think that we should honour the UN Convention on the Rights of the Child. It requires all the signatory countries to treat every child under 18 as equal. Millions of school dropouts, like the juvenile convict, who become social outcasts are sucked into criminalisation in the absence of opportunities to better their life. It should be a concern for society. At that, no scientific evidence suggests that adolescents between 16 and 18 have the maturity to grasp the consequences of their deeds.

Comments : No. 5 is a very able, alert and intelligent candidate with a dynamic and pragmatic approach. His views are result- oriented and. practical. We have seen him taking the initiative, accepting responsibilities and meeting all challenges with courage, imagination and competence. His attitude is positive and constructive. He has made a very strong and favourable impact on the Group and has emerged as its strongest natural leader. Selected with top ranking.

No. 6 : The topic of discussion is a progression of the public response to the tragic death of the 23-year-old girl, “Damini” or “Nirbhaya”. The consensus on Juvenile Justice Bill 2015 making juveniles aged between 16 and 18 liable to be treated as adults has only reminded people of that sordid act. The public response was immediate and spontaneous. Nevertheless, I want to say that we seem to be caught between an illiberal, insensitive political class and a rampaging mob demanding instant solutions, with only a thin line drawn between the two. The gang-rape should have been understood as a complex socio-political issue resulting as much from bad policing as from deep-rooted idea of female purity and honour. The Indian society is inveterately patriarchal which is intolerant of liberalised women, behind the facade of enlightenment and modernity. The frequent rapes and honour killings are nothing but violent infestations of our male mindset. Most feminist groups which genuinely act in interests of rape victims have strongly rejected the death penalty as the answer to rape. They do so because of the fact that it invests the rape with precisely the power that makes it so fearsome. Besides, it will further lower the conviction rate in rape cases. They see the political class’s shrill articulation of the death penalty demand as a hollow token of sympathy. Everybody knows that the political parties simply try to divert the people’s attention from the actual malaise. Most of them actually have the archaic notions. An Andhra Pradesh Congress MP commented that “Freedom at Midnight (Independence) does not mean that women should roam on the streets during late hours.” The Delhi gang-rape rocked the Rajya Sabha and the Lok Sabha, but no MP spoke with intelligence and due sensitivity on the subject. Some speakers were, in fact, very funny. They spoke of rape as if it were the end of the world. Most of them wanted a law that would put all the rapists to death. An MP from Bihar held “provocative item numbers” in films responsible for such crimes. Not content with describing rape a serious and grievous offence, a former Justice- turned-politician even went to the extent of describing reason behind the rape “a cultural degradation” and absence of teaching “a code of religious conduct”. We do not need any regressive moral or religious teachings to stop rape-like happenings.’We need, in fact, to enforce the Constitutional guarantee of equality at home, at the workplace and on the streets. We need to liberate women from the fear of rape, which is treated with horror not because it is-»violent, but because it is thought to be violative. We should try tojaegih the process of

WINNING THE FIRST
IMPRESSION

Present yourself properly at the Group Discussion. Timing is very important. Be there ten minutes early, but never one minute late. When the examiner tells the subject, listen to him carefully and attentively. Think over all pros and cons and mentally prepare yourself on the subject, as to how best you can project your viewpoint. Avoid gossips and cross-talks. Intervene effectively, if the house is in asides.

Whatever the clothes you put on, they should be clean, well pressed and smart-looking. Do not overdress. You should be comfortable with your dress. Have a smart hair-cut beforehand. A faint aroma of perfume, or body deodorant, will not go amiss. But consciously avoid overdoing it. Your voice should be friendly and clear. Do not use any provocative or unfriendly word during the discussion. Your selection of words should be perfect. Be bold, straightforward and, at the same time, remain polite.

destigmatisation and demystification of rape by dissociating it from words like “honour”, “violation”, “defilement”, “disgrace”, etc. Rape should be treated as a serious offence like murder. The perpetrators of such crimes of any age can be punished in any way that does not matter at all. Nor does lowering of age make any difference. They can be hanged, castrated or punished anyway, change of mindset is as necessary as punishment.

Comments : This candidate has grasped the subject and come forward to offer some original views. He has displayed adequate mental strength and courage to differ from the other candidates. His arguments are linked to logical reasoning and rationale. Once warmed up, he is ready to meet the challenge with confidence. Recommended for selection.

No. 7 : Well, we have discussed the topic a lot and expressed our views in a very explicit manner. Some contradictions and disparity made the discussion all the more interesting and worth listening to, too. To my mind, if majority of people find the punishment, i.e. death penalty or castration and imprisonment and lowering of age for the perpetrators to be tried as adults to 16 suitable they are not wrong. The legal process, however, really takes too much time and forces people to lose faith in the legal system which does not seem justified. As our friend, No. 6, has suggested the solution and that can be a way. But that cannot be achieved in a day or overnight. There should be an emphasis on moral education from Class I to the Master’s level. Regular seminars and public preachings can also make the job simple. Elderly people should be allotted the job of educating the young boys about the importance of moral uplift.

Comments : We find no force in No. 7’s statement, as he has not spoken anything on the subject in question. Though he is very intelligent, imaginative and articulate, he has not tried to throw any light on the issue in question. He advanced very strong, and weighty arguments in support of moral education and ethical values but he has not dwelt on the given topic that deals with the punishment for the crime. As he has digressed from the topic, his arguments have proved of no avail to the group. The group was interested in knowing his opinion about the subject, not in his views on the importance of moral education. He cannot be considered for selection, because for leadership qualities, concentration on the target to be achieved is necessary. Rejected.

No. 8 : Friends, I really wonder that educated people like us discuss this worthless topic which does not deserve any attention at all. First, let me know if any of us is interested in joining politics. As t think nobody will be willing to join even in the least. Leave the affairs of punishment to the politicians and legal experts and let them decide what method should be adopted. As far as my personal views are concerned, I want to say that it hardly matters to me if rapists aged 16-18 are hanged or castrated. If you think that it will result in something significant, you are really very immature.

Comments : No. 8 has spoken for the first time. He seems rather aloof and rigid. He is not keen in cooperating with others. He prefers to go his own way irrespective of the views, feelings, wishes and aspirations of others. Hence, this rigid and narrow-minded candidate is not suited for the role of a successful team leader. Rejected.

No. 1 : Friends, I am really thankful to you all, because you have carried out the discussion in such an interesting manner that I could not help listening to the discussion from the very beginning to the end. I agree, more or less, with all of you and appreciate your ideas.

Comments : A dull candidate who lacks ideas and enterprise. Rejected.    rglf)

 

GENERAL KNOWLEDGE .

NSE launches three new group indices : In a first of its kind in India, the National Stock Exchange (NSE) has launched separate indices on three corporate houses of India : Tata, Aditya Birla and Mahindra Groups. The indices—Nifty Tata Group Index, Nifty Aditya Birla Group Index and Nifty Mahindra Group Index—have been designed to reflect the performance of companies belonging to the respective corporate group, as per a statement issued by the NSE. Each of the indices will comprise all the companies of the respective business group. So, the Nifty Tata Group Index would include 25 companies across 12 sectors with a total market capitalisation of Rs. 7.51 lakh crore, which represents 7.83 percent of the total market capitalisation of companies listed on the NSE.

The Nifty Aditya Birla Group Index consists of eight companies across seven sectors. The market capitalisation of the index is about Rs. 2.08 lakh crore, which is 2.17 percent of the total market capitalisation of companies listed on the NSE. The Nifty Mahindra Group Index has seven companies with a market capitalisation of about Rs. 1.64 lakh crore. The indices have been created by the NSE’s group company India Index Services & Products Ltd., which also plans to launch indices on other corporate groups and third-party products based on such indices.

Government slaps anti-dumping duty on stainless steel: The Centre has imposed an anti-dumping duty ranging from five to 57 percent on import of cold-rolled flat products of stainless steel for five years. Central Board of Excise and Customs said that the duty was imposed on China, South Korea, the US, South Africa, Thailand and Taiwan, besides the European Union. A review with regard to the imports of cold rolled flat products of stainless steel was initiated in April 2014. The highest duty has been levied on steel imports from China at 57.39 percent, followed by the European Union at 52.56 percent. Imports from Thailand will have the least duty imposition of 4.58 percent. China, the world’s largest consumer and producer of the commodity, has been dumping various grades and varieties of steel across the globe on the back of surplus supply. This might be why China attracted the highest anti-dumping duty.

The Government’s decision comes in the wake of rising incidence of dumping, hampering the performance of domestic industry and with steel prices on a decline. The total production of stainless steel in India stood at three million tonnes (mt) in 2013-14 from 0.5 mt in 1994-95, according to the Indian Stainless Steel Development Association. For the past few months, the Government has taken several steps to curtail cheap steel imports into India. It has already levied customs duty on select steel products; in September, it imposed 20 percent provisional safeguard duty on a specific hot-rolled imported steel product, for which domestic steel producers are seeking an extension.

India ranks 4th in black money outflows: GFI Report: India ranks fourth in the world in black money outflows with a whopping $51 billion siphoned out of the country per annum between 2004 and 2013, a Fiji-based think-tank report said on December 9, 2015, .underscoring the need for tough
legislation brought by the NDA government. The illegal capital outflows stem from tax evasion, crime, corruption and other illicit activity, the report said, according to which a record $1.1 trillion flowed illicitly out of developing and emerging economies in 2013. Bringing back black money stashed abroad was one of Prime Minister Mr. Narendra Modi’s key poll promises and the Government has since worked with authorities abroad to crack down on illegal account holders, enacting tough laws to arrest such practices.

China topped the list with $139 billion average outflow of illicit finances per annum, followed by Russia ($104 billion per annum) and Mexico ($52.8 billion per annum), according to the annual report released by Global Financial Integrity (GFI), a Washington-based research and advisory organisation. In October 2015, the Centre said that undisclosed assets abroad worth Rs. 4147 crores ($620 million) had been declared by Indians during the 90-day black money “compliance window” while the Government’s total tax receipt stood at Rs. 2,488 crores ($374 million). Under the compliance window that expired on September 30, disclosures of assets will get another three months till December 31 to pay tax and a penalty. Tax will be levied at the rate of 30% while penalty will be 100%. On the other hand, tough norms await those who did not avail of the ‘compliance window’. The penalties include a hefty 120% of the tax amount due besides a jail term of up to 10 years for holding undisclosed foreign assets. In all, during this decade-long period of 2004-14, GFI estimates that more than half a trillion ($510 billion) went out of India and in the case of China the figure was $1.39 trillion and Russia $1 trillion.

GFI President Mr. Raymond Baker has said that this study demonstrates that illicit financial flows are the most damaging economic problem faced by the world’s developing and emerging economies. In 2015, at the UN the mantra of ‘trillions not billions’ was continuously used to indicate the amount of funds needed to reach the Sustainable Development Goals.

Foreign investment in financial services more than doubles : Foreign investment in India’s financial services sector rose sharply in 2015, led by interest in retail service providers and a higher cap for foreign investment in the insurance sector. Data compiled by VCCEdge, the financial research arm of VCCircle and Grant Thornton India Lip, shows that deals worth $3.8 billion were closed in the financial services sector in 2015, more than twice than $1.6 billion in 2014. The data includes inbound mergers and acquisitions (M&As) and purchases by foreign private equity funds. While some deals were driven by the higher foreign investment cap in insurance allowed since March 2015, investors also sought to get exposure to the retail financial services sector, which they expect will grow as penetration of financial products deepens.

One of the largest foreign investors in India’s financial services in 2015 was billionaire Prem Watsa, whose Fairfax Financial Floldings Ltd. invested in Quantum Advisors Pvt. Ltd. and IIFL Holdings Ltd. Earlier, Fairfax invested an undisclosed amount in Quantum, which advises and manages the India allocations of foreign portfolio investors. IIFL is a
diversified financial services company with a major focus on retail investors. Fairfax invested $211.38 million to acquire a minority stake in IIFL in July 2015, according to VCCEdge. In the same month, French bank BNP Paribas SA acquired retail brokerage firm Sharekhan Ltd. for nearly Rs. 2,200 crore (about $345 million at the average exchange rate of Rs. 63 per dollar in July). In August 2015, it bought out its partner in BNP Paribas Sundaram Global Securities Operations Pvt. Ltd. for Rs. 44.30 crore, according to Grant Thornton’s deal database.

Non-banking financial companies (NBFCs) and housing finance firms have also seen strong interest from private equity funds. Deals in this segment include Apax Partners Lip’s $384.55 million investment in Shriram City Union Finance Ltd. and Bain Capital’s $198.47 million deployment in L&T Finance Holdings Ltd. SME (small and medium enterprise) finance is also a segment that is attracting a lot of foreign investment. Several transactions were seen in the insurance sector as well after the foreign investment limit in the sector was raised to 49% from 26%. At least Rs. 10,000 crore in deals have been announced, according to data compiled by Mint. The largest such transaction saw Nippon Life Insurance Co. buying Rs. 2,265 crore in Reliance Life Insurance Co. to raise its stake to 49%. At least 11 more deals have been closed. According to a report by India Brand Equity Foundation, between April and September 2015, the life insurance industry recorded a new premium income of $8.4 billion, indicating a growth rate of 14.45%. The general insurance industry recorded a growth of 12.6% in gross direct premium underwritten in fiscal year 2016 till October, at $8.23 billion. The life insurance sector is expected to grow at a compound annual growth rate of 12-15% over the next five years, the report added.

Micromax to invest Rs 300 crore for Make in India :

Handset-maker Micromax will invest Rs. 300 crore over the next few months as it sets up three new manufacturing units in India to ramp up domestic production and reduce dependence on imports from China. The new plants will be set up in Rajasthan, Telangana and Andhra Pradesh and will become operational in 2016. Micromax co-founder Mr. Rajesh Agarwal said that Micromax had been allotted 20 acres of land in Telangana and the civil structure is almost ready. Similarly, in Rajasthan, it has got 25 acres of land and construction will start in a few days. Tirupati would also start soon, he said. He added that once all the units were functional, the company would have a capacity of about 4 million units and would be able to provide employment to some 3,000-3,500 people in each factory. Mr. Agarwal added that Micromax would invest about Rs. 100 crore on each of the new projects. Currendy, the company has an assembly unit in Rudrapur, Uttarakhand that produces about one million units. This accounts for about 30-35 percent of its requirement and the remaining are imported from China. According to Mr. Agarwal, as an industry by 2017, Micromax will start making batteries and other components in India.

Global handset-makers like Samsung and domestic players like Spice have assembly units in India. International players like Xiaomi, Gionee and Asus have announced assembly units in partnership with electronics major Foxconn in Andhra Pradesh in the recent past. Handset-makers are looking to tap the multi-billion dollar opportunity in India, which is one of the fastest-growing smartphone markets in the world. Indian Cellular Association (ICA) National President Mr. Pankaj Mohindroo said that the Fast Track Task Force had a target to cross 500-million mobile phone manufacturing, employment to 15 lakh plus and a compQpent industry of Rs. 50,000 crore besides other terms of reference by 2019-20. He said that manufacturing value would grow 95% in 2015-16 compared to 2014-15 and they were confident of crossing the target set out for 2019-20 by that time. Domestic brands, particularly Micromax and Lava, would play a leading role in spearheading this task of nation building, he said. ICA also expected global giants like Foxconn to play an equally significant role, he added.

In December 2014, the Government had set up a joint task force, which included industry representatives from Samsung, Microsoft and Lava, to rejuvenate nation’s mobile phone manufacturing ecosystem with a view to achieving production of 500 million units of mobile handsets by 2019. Lava is also looking to bring the entire manufacturing ecosystem to India. It is investing Rs 2,615 crore over the next seven years to set up two manufacturing units in India. The Indian handset industry is poised to overtake the US as the second-largest market in the next few years.

CRISIL-Assocham report says India needs to spend Rs 1,700/day to build infra : India needs to invest Rs 1,700 every day over the next five years to provide uninterrupted power supply to our homes and factories, and improve our roads, telecom, transport and other urban infrastructure, according to a joint study by rating agency CRISIL and the Associated Chambers of Commerce of India. The study pegs the total investment needed to build infrastructure in India at Rs. 31 lakh crore between 2015 and 2020. The report said that although banks had traditionally been the largest financiers, their increasing exposure to infrastructure projects posed the risk of an asset-liability mismatch as the investment horizon is generally long. CRISIL believes that, given their long-term investment horizon, bond markets are better placed to play an active role in funding. As bond market investors are risk averse, credit enhancement mechanisms are essential to bridge the gap between their low-risk appetite and the higher risk associated with infra projects.

The report said that there was a “glimmer of hope” for the power sector given the list of States that have agreed to participate in the UDAY (Ujjwal Discom Assurance Yojana) package announced by the Central Government for the struggling state-owned distribution companies (discoms). CRISIL believes that the scheme has the potential to wipe out losses of discoms in Haryana, Andhra Pradesh and Telangana by fiscal 2018. The rating agency estimates that 46,000 mw of power generation capacities is at risk. Of this, nearly 36,000 mw are coal-based and about 10,000 mw, gas-based.                       i

Anil Ambani, Spielberg join hands for new entertainment company : Mr. Anil Ambani-led Reliance Entertainment and acclaimed Hollywood director Mr. Steven Spielberg’s DreamWorks has announced formation of Amblin Partners—a film, television and digital content-creation company. Participant Media led by Jeff Skoll and Entertainment One, a leading US-based media company, are also part of the joint venture. Reliance Entertainment said that together with Reliance Entertainment and DreamWorks Pictures, they would work closely with Amblin Partners to develop and produce specific content for the new venture, in addition to exploring opportunities for co-productions and other content. Amblin Partners has a mandate to develop and produce films using Amblin, DreamWorks Pictures and Participant banners as well as Amblin Television.

DreamWorks Studios and Participant Media have collaborated on many Academy Award-nominated films such as Uncoln’ and The Help as well as the critically-acclaimed The Hundred-Foot Journey, and the recently released Bridge of Spies. Amblin Partners’ film projects include The BFG, and The LJght Between Oceans, scheduled for release by Disney in 2016; The Girl on the Train (October 2016); A Dog’s Purpose (first quarter of 2017) and Read)’ Player One, scheduled to be released in December 2017.            EiH

 

diversified financial services company with a major focus on retail investors. Fairfax invested $211.38 million to acquire a minority stake in IIFL in July 2015, according to VCCEdge. In the same month, French bank BNP Paribas SA acquired retail brokerage firm Sharekhan Ltd. for nearly Rs. 2,200 crore (about $345 million at the average exchange rate of Rs. 63 per dollar in July). In August 2015, it bought out its partner in BNP Paribas Sundaram Global Securities Operations Pvt. Ltd. for Rs. 44.30 crore, according to Grant Thornton’s deal database.

Non-banking financial companies (NBFCs) and housing finance firms have also seen strong interest from private equity funds. Deals in this segment include Apax Partners Lip’s $384.55 million investment in Shriram City Union Finance Ltd. and Bain Capital’s $198.47 million deployment in L&T Finance Holdings Ltd. SME (small and medium enterprise) finance is also a segment that is attracting a lot of foreign investment. Several transactions were seen in the insurance sector as well after the foreign investment limit in the sector was raised to 49% from 26%. At least Rs. 10,000 crore in deals have been announced, according to data compiled by Mint. The largest such transaction saw Nippon Life Insurance Co. buying Rs. 2,265 crore in Reliance Life Insurance Co. to raise its stake to 49%. At least 11 more deals have been closed. According to a report by India Brand Equity Foundation, between April and September 2015, the life insurance industry recorded a new premium income of $8.4 billion, indicating a growth rate of 14.45%. The general insurance industry recorded a growth of 12.6% in gross direct premium underwritten in fiscal year 2016 till October, at $8.23 billion. The life insurance sector is expected to grow at a compound annual growth rate of 12-15% over the next five years, the report added.

Micromax to invest Rs 300 crore for Make in India :

Handset-maker Micromax will invest Rs. 300 crore over the next few months as it sets up three new manufacturing units in India to ramp up domestic production and reduce dependence on imports from China. The new plants will be set up in Rajasthan, Telangana and Andhra Pradesh and will become operational in 2016. Micromax co-founder Mr. Rajesh Agarwal said that Micromax had been allotted 20 acres of land in Telangana and the civil structure is almost ready. Similarly, in Rajasthan, it has got 25 acres of land and construction will start in a few days. Tirupati would also start soon, he said. He added that once all the units were functional, the company would have a capacity of about 4 million units and would be able to provide employment to some 3,000-3,500 people in each factory. Mr. Agarwal added that Micromax would invest about Rs. 100 crore on each of the new projects. Currently, the company has an assembly unit in Rudrapur, Uttarakhand that produces about one million units. This accounts for about 30-35 percent of its requirement and the remaining are imported from China. According to Mr. Agarwal, as an industry by 2017, Micromax will start making batteries and other components in India.

Global handset-makers like Samsung and domestic players like Spice have assembly units in India. International players like Xiaomi, Gionee and Asus have announced assembly units in partnership with electronics major Foxconn in Andhra Pradesh in the recent past. Handset-makers are looking to tap the multi-billion dollar opportunity in India, which is one of the fastest-growing smartphone markets in the world. Indian Cellular Association (ICA) National President Mr. Pankaj Mohindroo said that the Fast Track Task Force had a target to cross 500-million mobile phone manufacturing, employment to 15 lakh plus and a component industry of Rs. 50,000 crore besides other terms of reference by 2019-20. He said that manufacturing value would grow 95% in 2015-16 compared to 2014-15 and they were confident of crossing the target set out for 2019-20 by that time. Domestic brands, particularly Micromax and Lava, would play a leading role in spearheading this task of nation building, he said. ICA also expected global giants like Foxconn to play an equally significant role, he added.

In December 2014, the Government had set up a joint task force, which included industry representatives from Samsung, Microsoft and Lava, to rejuvenate nation’s mobile phone manufacturing ecosystem with a view to achieving production of 500 million units of mobile handsets by 2019. Lava is also looking to bring the entire manufacturing ecosystem to India. It is investing Rs 2,615 crore over the next seven years to set up two manufacturing units in India. The Indian handset industry is poised to overtake the US as the second-largest market in the next few years.

CRISIL-Assocham report says India needs to spend Rs 1,700/day to build infra : India needs to invest Rs 1,700 every day over the next five years to provide uninterrupted power supply to our homes and factories, and improve our roads, telecom, transport and other urban infrastructure, according to a joint study by rating agency CRISIL and the Associated Chambers of Commerce of India. The study pegs the total investment needed to build infrastructure in India at Rs. 31 lakh crore between 2015 and 2020. The report said that although banks had traditionally been the largest financiers, their increasing exposure to infrastructure projects posed the risk of an asset-liability mismatch as the investment horizon is generally long. CRISIL believes that, given their long-term investment horizon, bond markets are better placed to play an active role in funding. As bond market investors are risk averse, credit enhancement mechanisms are essential to bridge the gap between their low-risk appetite and the higher risk associated with infra projects.

The report said that there was a “glimmer of hope” for the power sector given the list of States that have agreed to participate in the UDAY (Ujjwal Discom Assurance Yojana) package announced by the Central Government for the struggling state-owned distribution companies (discoms). CRISIL believes that the scheme has the potential to wipe out losses of discoms in Haryana, Andhra Pradesh and Telangana by fiscal 2018. The rating agency estimates that 46,000 mw of power generation capacities is at risk. Of this, nearly 36,000 mw are coal-based and about 10,000 mw, gas-based.

Anil Ambani, Spielberg* join hands for new entertainment company : Mr. Anil Ambani-led Reliance Entertainment and acclaimed Hollywood director Mr. Steven Spielberg’s DreamWorks has announced formation of Amblin Partners—a film, television and digital content-creation company. Participant Media led by Jeff Skoll and Entertainment One, a leading US-based media company, are also part of the joint venture. Reliance Entertainment said that together with Reliance Entertainment and DreamWorks Pictures, they would work closely with Amblin Partners to develop and produce specific content for the new venture, in addition to exploring opportunities for co-productions and other content. Amblin Partners has a mandate to develop and produce films using Amblin, DreamWorks Pictures and Participant banners as well as Amblin Television.

DreamWorks Studios and Participant Media have collaborated on many Academy Award-nominated films such as Unco In’ and The Help as well as the critically-acclaimed The Hundred-Foot Journey, and the recently released Bridge of Spies. Amblin Partners’ film projects include The BFG, and The ITght Between Oceans, scheduled for release by Disney in 2016; The Girl on the Train (October 2016); A Dog’s Purpose (first quarter of 2017) and Beady Player One, scheduled to be released in December 2017. Wgn

 

61st Filmfare Awards

The 61st Filmfare Awards were presented on January 15, 2016 in Mumbai. Sanjay Leela Bhansali’s historical romance drama swept up nine awards, including best actor (male), best director, best film, besides awards in technical categories. ‘Piku’, Shoojit Sircar’s adorable feature about the connection between motions and emotions, came a close second with five awards. The list of prominent winners in different categories is as follows:

Best Actor (Male) Ranveer Singh – BajiraoMastani Best Actor (Female): Deepika Padukone – Piku Best Film: Bajirao Mastani Best Film (Critics): Piku

Best Male Actor (Critics): Amitabh Bachchan – Piku Best Female Actor (Critics) : Kangana Ranaut – Tanu Weds ManuBeturns

Best Editing: A. Sreekar Prasad – Talvar Best Background Score: Anupam Roy – Piku Best Story; Vijayendra Prasad – BajrangiBhaijaan Best Screenplay: Juhi Chaturvedi – Piku Best Dialogue: Himanshu Sharma – Tanu WedsManuBeturns Best Debut Actor (Female) : Bhoomi Pednekar – Dum Taga Ke Haisha

Best Debut Actor (Male): Sooraj Pancholi – Hero Lifetime Achievement Award: Moushumi Chatter jee


AUSTRALIAN OPEN 2016

WINNERS

 

World No. 1 Novak Djokovic of Serbia clinched his 6th
Australian Open men’s singles title defeating Andy Murray
of Great Britain in Melbourne on January 31, 2016.

He became the first man in the Open Era to win six \ Australian Open titles. He bagged his 11th Grand Slam.

India-Swiss pair of Sania Mirza (R) and Martina Hingis
won Women’s Doubles crown defeating
Czech duo of Andrea Hlavackova and Lucie Hradecka.

Jamie Murray (Britain) (R) & Bruno Soares (Brazil)
beat Daniel Nestor (Canada) &

Radek Stepanek (Czech Republic) in Men’s Doubles.

INDIAN INSTITUTE OF MANAGEMENT )


The eleventh IIM of the country began functioning from its temporary campus at National Institute of Technology, Tiruchirappalli after its inauguration on January 4, 2011. Indian Institute of Management Tiruchirappalli is mentored by IIM Bangalore. The classes of the first batch of students began on June 15, 2011.

The former SEBI chairman, Mr. M. Damodaran heads the Board of Governors, while IIM-C faculty, Dr. Prafulla Y. Agnihotri has been appointed Director of IIM-Trichy.

The permanent campus for IIM Tiruchirappalli or IIM Trichy, will be on 172 acres of land between Bharathidasan University and Anna University of Technology on the Trichy- Pudukottai highway, 17 km south-east of the city centre and 12 km from Tiruchirapalli International Airport.

IIM-Trichy offers a two-year full-time Post Graduate Programme in Management (PGPM). Its main objective is to develop young men and women into competent professional managers, capable of working in any sector of organised activity, proceeding leadership and achieving excellence in performance while contributing to the welfare of the larger society. Though IIM-Trichy was to be started in 2010 along with three other new IIMs in Rohtak, Ranchi and Raipur, respectively, it is the first among the four to get started with a full-time director and 12 highly qualified and experienced full-time faculty members chosen out of over 400 applicants from the country and abroad.

Its Fellow Programme in Management (FPM) is a full-time, residential Doctoral programme. The FPM at IIM-Trichy is globaly recognised, and is a premier source of rigorous and inter-disciplinary research in all areas of business management and public policy. The programme is committed to training individuals who will excel in their areas of research through creation of quality knowledge of international standards. FPM students will specialise in the following disciplines: Finance and Accounting; Marketing; Economics; Quantitative Techniques and Operations Management. The mission of the FPM at IIM-Trichy is to provide rigorous, world-class, inter­disciplinary training in all areas of business management and public policy that will equip students with the ability to conduct cutting-edge research; to create group of committed and qualified individuals to greate new knowledge in all areas of business management and public policy.

 

Dr. Prafulla Y. Agnihotri is the founder Director of IIM Tiruchirappalli,

Tamil Nadu. Before taking over the current position, he was a Professor in Marketing group at Indian Institute of Management (IIM), Calcutta.

Dr. Agnihotri holds a Master’s Degree in Management Studies (M.M.S.) and Ph.D. in International Marketing Strategy area from Jamnalal Bajaj Institute of Management Studies,

Mumbai. He has over 10 years of industry—in sales, marketing and training—and over 16 years of experience in academics. Dr. Agnihotri teaches courses in Marketing Management, International Marketing, Services Marketing and Strategic Brand Management. His major research interests are in Brand/Marketing Audit, International Marketing Strategy anct Global Competitiveness areas. Currently, he is researching on the role of home country government in promoting the global competitiveness of the firms emerging from that country.

Dr. Agnihotri is a Visiting Faculty with Euromed, Marseille Provence (an EQUIS Certified B-School), and CERAM, Sophia Antipolis, France and teaches the courses of Marketing, International Business and International HRM to their MBA students. He has over 20 research papers published in several reputed journals and magazines at national and international levels.

Besides, the Institute also offers a three-year part-time Post Graduate Programme in Business Management (PGPBM).

The PGPBM programme is one of the flagship programmes of the Institute, and was launched in 2012 for working executives in and around Chennai, who aspire to move into senior leadership roles. The prestigious Institute plans to launch a full-time programme in Manufacturing Management soon in collaboration with IIT Bombay. A Centre for Education Management is also on the cards. The institute has launched a new Post Graduate Programme in Human Resource Management at its Chennai Centre. The PGP-HRM, commenced from July 2014, caters to the needs of waiting professionals.