Tuesday, April 30, 2019

SC gives Rahul Gandhi another opportunity to explain 'chowkidar' remark

The Supreme Court gave Tuesday Congress president Rahul another opportunity Gandhi to file one more affidavit relating to his alleged contemptuous "chowkidar chor hai" remark.

Gandhi's lawyer admitted his client had made a mistake by wrongly attributing the remark to the apex court, but a bench headed by Chief Justice Ranjan Gogoi observed that in the affidavit filed, at one point the Congress President is admitting the mistake and at one point denying of making contemptuous remarks.

"We have great difficulty in understanding what you want to say in the affidavit," said the bench, also comprising justices S K Kaul and K M Joseph.

The top court told Gandhi's counsel that it was not concerned with the political stand narrated in the affidavit. Gandhi said the use of word regret in the affidavit is like an apology for wrongly attributing the remark which was never made by the apex court.

BJP MP Meenakshi Lekhi, who had filed the contempt petition against Gandhi, said it is the grossest kind of contempt.

The court posted the matter for hearing on May 6.

India's core sector growth rises 4.7% in March, most in five months

The core sector of the economy recorded 4.7 per cent growth in March, the highest in five months, with impressive recoveries in the refinery products segment. Cement production, too, improved rapidly last month.

With this, the annual core sector growth for FY19 was 4.3 per cent, the same as the previous year.

Data released by the Ministry of Commerce and Industry on Tuesday showed that the eight segments — coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity — witnessed growth recoveries in March after weakening for four-straight months. In February, the core sector growth stood at 2.2 per cent.

Refinery products, which command almost 30 per cent of the core sector index, rose by 4.3 per cent in March, breaking a contractionary spell that had gripped the sector since December 2018.

Elsewhere in the energy space, lower crude oil prices continued to impact oil production as well as exports of refinery product. Crude oil production went down by 6.2 per cent, the highest margin of contraction in FY19. The sector has seen a contraction every month over the past year. However, natural gas production continued to grow, albeit at a slower pace. In March, the natural gas output rose by 1.4 per cent as against 3.8 per cent in the previous month.

However, contributing almost 40 per cent to the country's total industrial production, the output of the core sectors continued to be dragged down by low growth in the crucial sector of electricity, which was up 1.4 per cent in March, marginally better than 1.2 per cent in February.

Having the second-largest weightage in the core sector index, growth in the electricity sector had decelerated to 0.8 per cent in January, the slowest in 71 months. Economists had blamed poor growth in coal output for this.

"The core segments that have performed erratically on the monthly basis and poorly on the annual basis in FY19 are crude oil, natural gas and fertiliser. The performance of the electricity segment has also been moderate in FY19. In fact, plagued by NPAs, electricity growth has remained subdued since FY15," said Sunil Kumar Sinha, director, Public Finance, and principal economist at India Ratings.

chartHowever, the coal output has disproportionately risen since January when growth was just 1.7 per cent. The coal production rose by 9.1 per cent in March, up from 7.4 per cent in February.
In the infrastructure space, steel output growth 6.7 per cent in March -- the highest in three months -- up from 4.9 per cent in the preceding month. On the other hand, cement production jumped to an 11-month high of 15.7 per cent in March.

Finally, fertiliser production growth gained pace in March, rising 4.3 per cent, up from 2.5 per cent in February. Growth in the sector had bounced back in January, registering a 10.5 per cent rise, after three successive months of fall. Higher fertiliser output growth has come over a negative base effect last year. This can be attributed to restocking to an extent as the main demand season for sowing is completed, economists said.

Supreme Court sets aside merger of 63 Moon Technologies with NSEL

The Supreme Court of India on Tuesday set aside the central government’s decision to merge National Spot Exchange Ltd (NSEL) with Financial Technologies India Limited (FTIL), now known as 63 Moon Technologies Limited, as it was against the Section 396 of Companies Act. Section 396 of the Companies Act deals with the compulsory amalgamation of companies ordered by the central government, in public interest.

A two-judge bench of Justice Rohinton Fali Nariman and Justice Vineet Saran set aside a Bombay High Court judgment which had upheld the central government’s order on amalgamating the two companies. The central government had in 2016 decided to issue a final order for the merger of NSEL with FTIL under Section 396 of the Companies Act, 1956. The government had then said that the merger was being done in public interest.

Following the judgment by the top court, while the company’s Chairman Emeritus and Mentor said that truth had finally prevailed, the company’s chairman Venkat Chary said that justice had finally prevailed.

“The company has been articulating in the past that the merger will serve no purpose for the stakeholders of either NSEL or FTIL, but to benefit only a few people with vested interest. As such our stand has been fully vindicated,” said FTIL’s managing director S Rajendran in a statement.

FTIL, or 63 Moon Technologies as it is now known, is the 99.99 per cent shareholder of NSEL. Of the 99.99 per cent, nearly 45 per cent is held by Jignesh Shah and his family, while the other 43 per cent is held by the public. The remaining 5 per cent is held by institutional investors. On July 31, 2013, NSEL, the subsidiary of FTIL, had defaulted on payments of nearly Rs 5,600 crore to nearly 13,000 investors following which trading on the spot exchange was suspended. NSEL was incorporated in the year 2005 as an electronic trading platform for trading of commodities.

EC gives Modi clean chit for speech on Rahul contesting from Wayanad

The Election Commission (EC) said Tuesday Prime Minister Narendra Modi's speech in which he criticised Congress chief Rahul Gandhi for contesting from Kerala's Wayanad, where Hindus are a minority, didn't violate election laws.

"The matter has been examined in detail in accordance to the extant guidelines/provisions of the Model Code of Conduct, the Representation of the People Act and the report of the Chief Electoral Officer, Maharashtra. Accordingly, the commission is of the considered view that in this matter no such violation has been noticed," an EC spokesperson said.

The Congress had earlier this month had approached the EC and had sought action against PM Modi's "divisive" speech.

The PM, while addressing a rally in Maharashtra's Wardha on April 1, had said the opposition party was "scared" to field its leaders from constituencies where the majority dominates.

He made the remark in reference to Congress chief Rahul Gandhi's decision to contest from a second Lok Sabha seat Wayanad in Kerala. Rahul Gandhi is also contesting from Uttar Pradesh's Amethi.

"The Congress insulted Hindus and the people of the country have decided to punish the party in the election. Leaders of that party are now scared of contesting from constituencies dominated by the majority (Hindu) population. That is why they are forced to take refuge in places where the majority is a minority," Modi had reportedly said.

The Congress had alleged that Modi had made some "hateful, vile and divisive" remarks against Gandhi.

Sebi bars NSE from capital markets for 6 months in co-location scam

The market regulator said on Tuesday the National Stock Exchange (NSE) did not exercise due diligence when putting in place a network that allowed high frequency traders unfair access to some network servers at the exchange.
The Securities and Exchange Board of India (Sebi) barred the NSE from raising money on the securities market directly or indirectly for six months.
Sebi has been investigating allegations that NSE officials provided high frequency traders unfair access through co-location servers placed at the site of exchange, which could speed up algorithmic trading.
It asked two former NSE chief executive officers, Ravi Narain and Chitra Ramkrishna, to "disgorge" 25 per cent of their salaries drawn during a certain period.
Narain and Ramkrishna have been prohibited from "associating with a listed company or a Market Infrastructure Institution or any other market intermediary for a period of five years," Sebi said in a 104-page order.
NSE was asked to pay within 45 days about Rs 624.89 crore with an interest rate of 12 per cent a year effective from April 2014 to the Investor Protection and Education Fund.

Amazon India expects e-commerce exports to reach $5 billion by 2023

Bullish on growth of its ‘Global Selling’ programme, Amazon India has said it expects e-commerce exports to reach $5 billion by 2023. Amazon rarely gives out any sales projections. However, Amit Agarwal, senior vice-president and country head of Amazon India, said a 56 per cent rise in the number of Indian merchants selling abroad and a billion dollars in e-commerce exports in four years have given the company confidence to come out with this projection.

Launched with just a few hundred sellers in May 2015, it now has more than 50,000 Indian exporters in the programme, selling over 140 million products across the globe.

“The programme has scaled up extensively since then and has reached a cumulative $1 billion in export sales from India. Over the next five years, ‘India to Global’ has the potential to become huge and Amazon is confident that the Global Selling event will hit the $5-billion mark by 2023, fueling growth of millions of Indian manufacturers, exporters and small enterprises,” Agarwal said.

Amazon on Tuesday released the second edition of its annual Export Digest, revealing growth of 56 per cent in the number of global sellers from India in 2018. Amazon’s international marketplaces also saw a rise of 55 per cent in the selection of Indian products offered globally.

The company said it was working extensively with the government on the initiative and planned to increase the number of sellers exporting going forward. According to Amazon, the company has been working with the government on ease of doing global business. “Earlier, one had to file 14 forms but now it has gone down to three. There used to be a limit on how much value one can ship through courier. It has been increased from Rs 25,000 to Rs 5 lakh. The subsidy earlier used to be 2 per cent. Now, it is 4 per cent. Post offices are also accepting more international exports. There used to be many complexities. We have removed it,” Gopal Pillai, vice-president, seller services of Amazon India, said.

Being part of the global selling programme helps sellers take part in various sale events across the world, including Prime Day, Black Friday and Cyber Monday.

Amazon’s global teams also help sellers understand the demand patterns in various countries.

The team also gives guidance on how sellers can improve discoverability of their products on each marketplace. Some of this includes guidance on the type of deals and the kind of advertisements they can run on these platforms.

Sellers day out

Number of sellers exporting from India via Amazon: 50,000

Top 5 states with most e-commerce exporters: Delhi, Rajasthan, Maharashtra, Gujarat and Uttar Pradesh

Most sold categories: Art and crafts, musical instruments, baby products, DVDs, pet products

Top 5 cities in the US from where Indian sellers get maximum orders: New York, Los Angeles, Chicago, Brooklyn, Houston

Godrej family backs home-tech start-up ZunRoof with $1.2 mn funding

ZunRoof, a Gurugram-based smart energy solutions provider has raised a fresh round of pre-series A funding of $1.2 million from Godrej family office.

The company plans to utilize this round of capital for expansion and further strengthen its product portfolio.

The funding comes at a critical time for the company, which claims to be contributing to the government's target of achieving 40 Gw of rooftop solar power by 2022.

ZunRoof specialises in solar rooftop design, installation, and management using technology. The company uses computer vision, AI (artificial intelligence) and VR (virtual reality) to streamline the solar rooftop installation and maintenance for homeowners.

"Our pre-series A and backing from Pirojsha Godrej comes at the perfect time - allows us to hire and retain great talent, scale solar rooftop operations across India and launch our home-IOT products. We are already market leaders for residential solar rooftops in more than 40 cities and aim to build on this lead to bring smart and clean energy choices to every home in India," Pranesh Chaudhary, founder & chief executive officer of ZunRoof said on the fourth round of funding.

ZunRoof has designed solar rooftops for over 10,000 residential houses.

"We are delighted to support ZunRoof's exciting plans in the home IOT (internet of things) and solar rooftop spaces. The founders' exciting vision combined with the passion, knowledge and the leadership they've demonstrated in the space makes us very excited to be a part of their journey," said Pirojsha Godrej, Executive Chairman, Godrej Properties.

The home tech start up serves customers in more than 40 cities, including Delhi-NCR region, Bengaluru, Chennai, Chandigarh, Lucknow, Kanpur, Agra, Jaipur, Haridwar, Ludhiana, and Jalandhar.

'Extremely severe cyclone' Fani headed towards Odisha: All you need to know

Disaster response teams are on alert and fishermen have been advised not to sail as India braces for cyclone 'Fani', which raging in the Bay of Bengal, headed for the Odisha coast. Here are key points to know about the storm.
Fani (pronounced 'Foni)' was a 'severe cyclonic storm' Monday evening and could become an 'extremely severe cyclone' by Wednesday, the India Meteorological Department (IMD) said.
Wind speed in a cyclonic storm is 80-90 km per hour and can reach up to 100 kmph. In an 'extremely severe cyclonic storm', the wind speed goes up to 170-180 kmph and could touch 195 kmph.
Fani is expected to impact Odisha's southern and coastal districts. The state's 880 cyclone centres, 20 units of ODRAF (Odisha Disaster Rapid Action Force), 12 units of NDRF (National Disaster Response Force) and 335 fire units have been put on alert, NDTV quoted a government officer as saying.
Cyclones and storms regularly hit Odisha's coastline. A super cyclone in 1999 killed more than 15,000 people, mostly in Odisha, and affected 20 million others. Cyclone Phailin, which hit Odisha in October 2013, killed 21 people dead.
The National Disaster Response Force and the Indian Coast Guard are coordinating with the governments of Odisha, West Bengal and Andhra Pradesh. The states have advised fishermen not to venture into the sea and asking those away to return to the coast
The India Meteorological Department has three-hour bulletins with latest forecast to states concerned. The Home Ministry is in touch with the state governments and the central agencies concerned.
Cyclones are named by various warning centres for ease of communication between forecasters and the public. Fani was named by Bangladesh.
The Indian Air Force and BrahMos Aerospace have put on hold the test-fire of the air-launched version of supersonic cruise missile from a Sukhoi-30 combat aircraft, news agency ANI reported Monday. The air-launched version of the BrahMos was to be test-fired by the Air Force over southern India this week.

Maruti launches Ertiga with 1.5 litre diesel engine at Rs 9.86 lakh

The country's largest carmaker Maruti Suzuki India Tuesday introduced multi-purpose vehicle Ertiga with new in-house 1.5 litre diesel engine, priced between Rs 9.86 lakh and Rs 11.20 lakh (ex-showroom Delhi).

The model is currently powered by 1.3 litre diesel powertrain sourced from Fiat.

The three trims of the vehicle with 1.5 litre diesel engine are priced at Rs 9.86 lakh, 10.69 lakh and Rs 11.20 lakh.

"Considering the requirements of evolving customers, the Next Gen Ertiga is now offered with new 1.5-litre diesel engine," MSI Senior Executive Director, Marketing and Sales RS Kalsi said in a statement.

The company is confident that this new engine option will strengthen the popularity of Ertiga in urban MPV segment, he added.

The model with DDIS 225 engine now comes with 6-speed manual transmission which according to the company delivers a fuel efficiency of 24.20 km/l.

The company has sold over 40,000 units of the new Ertiga in November 2018 to April 2019 period.

MSI had earlier introduced its mid-sized sedan Ciaz with the 1.5 litre diesel engine.

Interestingly, the company has announced to phase out all its diesel models with effect from April 1, 2020.

The poor get LPG cylinders under Modi's PMYU but they can't afford refills

It has been over two years since Goti Bai, 36, got her first cylinder of liquefied petroleum gas (LPG) under a three-year-old government scheme to promote clean cooking fuel.

A farmer from Khatlabor village in north Rajasthan’s Pratapgarh district, Bai is one of 80 million poor Indian women to benefit from the scheme titled Pradhan Mantri Ujjwala Yojana (PMUY).

On a scorching April afternoon when we arrived at her home, Goti Bai was busy with a weekly meeting of the local self-help group. How does she cook? we asked. She pointed to the chulha (earthen stove) on the floor of her one-room home. This windowless space serves as the living room, bedroom and kitchen for her family. 

The steel gas stove that Goti Bai got as a part of the PMUY package sat on a high wooden beam, smothered in dust and cobwebs. She led us to her cowshed, her lavender odhni (stole) pulled firmly over her face as is the custom among the women of the region when they are in the presence of unknown men.

We were accompanied by volunteers of Prayas, a non-profit working on health, livelihood and gender in Rajasthan, as we investigated why PMUY has been unable to phase out chulhas in rural kitchens, as Factchecker reported on April 22, 2019.

Goti Bai’s LPG cylinder sat behind bales of cattle fodder. “We don’t have the money to buy a refill,” Got Bai explained.

The programme, started in 2016, gives women from below-poverty-line households their first gas cylinder, a regulator and a connecting tube. The government pays the security deposit for the cylinder, the cost of regulator and the installation charges--Rs 1,600 in all--as a kind of “loan” that is later deducted by the gas agencies from the LPG subsidies that beneficiaries get in their bank accounts.

After this, families have to buy their own refill cylinders that cost about Rs 800-850 each upfront. Even though an amount of Rs. 200 is deposited in their accounts after the loan amount is deducted, many beneficiaries cannot afford this price upfront, we found. Most homes in Khatlabor continue to cook on chulhas using firewood, dung and coal, breathing in noxious smoke, said Jawahar Singh, Prayas’ district coordinator in Pratapgarh.

We found this true of many villages we visited in Chittorgarh and Pratapgarh districts. Families that do use LPG to cook, do so sparingly--to brew a cup of tea, for example, or on a rainy day when firewood turns damp. This is despite the fact that Rajasthan ranks third in the number of LPG refill connections as per this December 2018 report from The Hindu BusinessLine.

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Apart from the expenses involved in buying refills, there are widespread cultural factors as well: Food cooked on traditional stove is considered “healthier” and “tastier” by many. Also, in a society where gender skews are entrenched, the health risks women face from sustained use of solid fuels tend to be disregarded.

Our findings are supported by other studies as well: 73% of beneficiaries in rural Bihar, Rajasthan, Uttar Pradesh and Madhya Pradesh--where two-fifth of India’s rural population lives--still use solid fuels for cooking due to financial reasons and gender inequality, said a February 2019 study by Research Institute for Compassionate Economics (RICE), a non-profit research organisation. Further, researchers found 85% of Ujjwala beneficiaries still use solid fuels for cooking.

While 76% of households owned a LPG connection by 2018, an increase of one-third from 2014; 98% of household owned both chulha and a gas stove and 36% exclusively cooked on a chulha on the day before the survey.


‘Why buy cylinder when firewood is freely available?’

The scheme’s stated intention is to empower women by sparing them the discomfort of working in “smoky kitchens” or having to “wander in unsafe areas for firewood”, as per the official website. The government has claimed that till January 2019, 80 million households received free cylinders and 60 million received connections.

But these numbers do not reflect the reality of LPG use in the kitchens of beneficiaries, we found by listening to the stories of the women members of a local self-help group gathered in Goti Bai’s courtyard.

“I got a cylinder in 2017 but we had to pay Rs 200 [to middle men for documentation],” said Poorki Bai, 42. She has got three refills since, about one each year.

How did a single cylinder last that long? “I still cook on the chulha, the cylinder is for cooking in a hurry, to make chai when guests arrive or during the rainy season when the firewood is damp,” she said. Other women nodded their heads in agreement: An LPG cylinder at Rs 800-850 is about 13% of their average monthly earning of Rs 6,345, according to the Rajasthan Economic Survey, 2017-18.

Researchers at RICE found that since most rural households could gather free solid fuels--firewood, dung, agricultural residue--in their neighbourhood, an LPG refill is considered an expensive alternative. This was especially the case for those who live near forests where they could find firewood or owned animals that yielded dung.


At Katlabor village, Kali Bai, 18, with the stack of firewood she and her mother collected. This pile will last her family a year. It is usually the women who collect firewood in the dry season in Rajasthan.

“Why will we buy a cylinder when firewood is available free of cost?” asked Poorki Bai.

The 2019 RICE study asked respondents to name the fuel they used in their kitchens the day before they took the survey: Richest households had higher chances of exclusively using LPG to cook than those with fewer assets, it was found. The richest households also used solid fuels to cook at least one food item a day, as per the study.

Most houses in interior Rajasthan have two chulhas, one in the inner room/kitchen and other parked in the veranda. The outdoors one is used during summers and the indoors during winters and rains.

We found in our visits to local homes that the chulha is usually kept in a windowless room where the ceiling has turned black with soot. Women normally cook squatting in front of the stove, inhaling harmful smoke. During winters, families huddle around the chulha for warmth and this includes infants and small children.

Household air pollution led to 482,000 deaths in 2017

Solid fuel like firewood, cow dung and dry grass are highly damaging to health. Cooking on traditional chulhas leads to incomplete combustion, and emission of particles such as suspended particulate matter, carbon monoxide, polyaromatic hydrocarbons, polyorganic matter and formaldehyde. All these are harmful for respiratory health.

Household air pollution led to 482,000 deaths and 21.3 million disability adjusted life years (DALYs)--years lost due to ill-health, disability or early death--in 2017, according to a study published in The Lancet Planetary Health, a global journal, as IndiaSpend reported in December 2018.

The same study showed that even in 2017 more than half (55.5%) of India still used solid fuels--dung, coal, wood and agricultural residue--for cooking. The numbers were much higher--over 72.1% or about 486 million people--in Bihar, Jharkhand, Odisha, Chhattisgarh, Assam, Madhya Pradesh and Rajasthan. These states together suffered half the deaths caused by household pollution.

Particulate matter, known as PM 2.5, is 30 times smaller than human hair and has the ability to travel through the blood vessels to different organs causing lower respiratory infections, ischaemic heart diseases, stroke, chronic obstructive pulmonary disease, lung cancer and diabetes.

Krishna Bai, 32, an accredited social health activist from Keshavpura, Pratapgarh district, has not received an LPG connection despite filling the form and requesting the panchayat.

Women, children most vulnerable to household air pollution

Of all premature deaths caused by household air pollution, 44% were due to pneumonia, 54% due to chronic obstructive pulmonary disease (COPD), and 2% due to lung cancer. Women and younger children who spend the most time at home are the most vulnerable.
Exposure to air pollution during pregnancy leads to outcomes such as low birth weight and stillbirth.

COPD, typified by coughing, wheezing and breathlessness, is the second highest killer in Indians, responsible for death of almost 1 million Indians in 2017, IndiaSpend reported in March 2018. It is caused by the inflammation of airways in the lungs and results in the destruction of air sacs that extract oxygen and expel carbon dioxide.

In 2017, Rajasthan had the highest death rate due to air pollution--112.5, meaning 112 people in every 100,000 died due to air pollution impact. The state also ranks second worst after Chhattisgarh with 1,752 DALYS or disability adjusted life years per 100,000.

Switching from solid fuels to LPG cylinder can prevent these deaths and disability but PMUY’s implementation is riddled with many challenges.

Not enough awareness about health hazards

Another study on 550 PMUY households found most of the households lacked knowledge about health hazards of cooking with solid fuels. In their survey in Bikaner, Rajasthan, researchers from Delhi-based Institute for Economic Growth found 13% respondents considered serious health impact of solid fuels exist, 27% perceived no ill effects while 60% thought health effects were temporary like eye irritation, coughing etc. when cooking with solid fuels.

Then, the researchers explained the ill-effects of solid fuel use--from childhood pneumonia to heart disease. They gave the households a discount voucher and found that informed households had a 36% higher rate of using the voucher than the others.

When researchers asked households to quote the maximum price they were willing to pay for an LPG cylinder, the answer was Rs 352. This is 40% of the market price of a cylinder (around Rs 850) and even after subsidy of Rs 200, it would be 50% of the cost.

Medical fraternity too is unaware of air pollution hazards

There were three-to-four COPD patients each in the 50-bed male and female wards at the district hospital in Chittorgarh. Mangal Lal, 70, a farmer from Achalpura village had been hospitalised three days ago after a bout of acute breathlessness. A widower, he has been living alone since his daughter got married. Lal was a beedi smoker all his life but quit three years ago. “I cook my own food on the chulha,” he told IndiaSpend, struggling to breathe.


70-year-old Mangal Lal suffers from chronic obstructive pulmonary disease. He has been beedi smoker all his life but quit three years back. He still cooks his food on a chulha.

“We do get COPD patients but most of them have a history of smoking and most of them are male,” said Madhup Bakshi, principal medical officer at the district hospital, Chittorgarh. Since COPD takes a few decades to develop, most of his patients are older. “There are very few women who come to us with COPD symptoms, they may have a natural resistance to the disease,” he said.

In the female ward, we met Shankari Bai, 70, who sat on her bed unable to breathe. Every word she spoke was followed by a long struggling breath. After a while, her granddaughter started answering the questions for us.

Shankari Bai (right) has been suffering from COPD for the last five to six years and cannot walk long distances. She has not been prescribed inhalers.

Shankari Bai has cooked on the traditional chulha all her life even though she received a cylinder two years ago. About 5-6 years ago, she started complaining of breathlessness. Under treatment for last 3-4 years, she has never been prescribed inhalers, only tablets.

The best treatment for patients with COPD is inhalation therapy using bronchodilators that relax the muscles around the airways and corticosteroids that prevent the inflammation of airways or a combination. But patients we met were given drugs, injections and syrups.

There was also lack of awareness among chest specialists about the prevalence of COPD in the region. “Smoke from chulha is not a big risk factor for COPD,” said Rakesh Bhatnagar, chest physician, at the hospital. “Women do come for respiratory illness but COPD is not common among them.”

But data show this is not true: COPD was responsible for 8.59% of all deaths in Indian women, almost equal to 8.71% in men in 2016, as per the Global Burden of Disease, 2017 data.

About 90,000 patients died due to air pollution in Rajasthan, about 39,000 were due to household air pollution, stated The Lancet Planetary Health, as we mentioned earlier.

There are cultural and gender-related reasons why the chulha is not disappearing from rural kitchens. Since women do most of the work involved in organising and using solid fuels, families do not even think of the opportunity cost of the time spent collecting firewood or cow dung.

Food cooked on chulha is ‘tastier’, ‘healthier’

Also even though people agreed that cooking on gas was easier and better for the health of cook, most also believe that the use of solid fuels made food “tastier” and “healthier”.

“I remember sitting with a Jain family in Madhya Pradesh and their daughter, who was studying for BSc in biology, explaining to me that wood-smoke improves eyesight because it washes away impurities,” said Aashish Gupta, co-author of the paper and research fellow at RICE. “Another Brahmin old man explained that carrying loads and cooking with solid fuels involves substantial kasrat (exercise) which improves women’s health. We heard 'Gas ka khane se gas hoti hai (food cooked with LPG induces stomach gas) in rich as well as poor households.”

Households that owned an LPG thought it is easier to cook using it (77.4%) but food tastes better when cooked on chulha (92.2%). Further, 86.5% thought cooking on chulha is better for health of the person who eats it though 69.8% thought it is worse for the person cooking it in the RICE study.

These findings show how many women knowingly sacrifice their own health and comfort for the comfort of their children, husbands, and other family members.

In Pratapgarh, we found similar barriers. Women weren’t taught how to use LPG cylinders and men were okay with that. “I am afraid of lighting the gas stove, I may burn down the house,” said Kesari Bai, 45, whose husband went to Pratapgarh to get the cylinder. Only her sons were confident about turning on the gas stove.

“I know chulha smoke is bad for us, it leads to burning of eyes, cough and itching but what to do?” said Kesari Bai. She wasn’t alone, three of the other women especially older women in the village express fears about lighting a gas stove. Having heard of such incidents, they were also worried the cylinder would explode.

Not everyone who wants a cylinder gets one

At the anganwadi (childcare) centre in Kesavpura village in Pratapgarh, the sahayika (helper) was cooking sooji halwa (semolina porridge) over a chulha, surrounded by children. The centre did not have an LPG cylinder connection. The local ASHA (accredited social health activist) worker Krishna Bai, 32, had filled a form and put in a request for a cylinder with the panchayat but hadn’t heard back.

Sumitra Bai from Acchoda village has yet to get a gas connection despite many requests.

“Please get me a cylinder,” Sumitra Bai pleaded with us when we were interviewing villagers about Ujjwala. A labourer who works in the mines at Acchoda village in Chittorgarh district, she was tired of cooking on a chulha after an exhausting day at work, she said. “I have gone to the [district] collectorate and to the gas agency but they keep saying that your name is not in the list,” she said, showing us her Aadhaar card and bank account, both required for PMUY benefits.

In a random survey conducted by volunteers and staff of Prayas, the percentage of households without cylinders showed up thus in three villages across Pratapgarh and Chittorgarh districts--42% (12/28) in Khatlabor, 45% (33/72) in Kesarpura and 20% (10/50) Sowani.

60% Ujjwala households claim they did not get subsidies: study

Also there seemed to be a very low awareness about the LPG subsidy that is deposited in bank accounts linked with Aadhaar. “We didn’t get any subsidy in our bank account,” was a common complaint across the villages we visited.

Under PMUY, as we explained, beneficiaries get a gas connection, stove, regulator and one LPG cylinder at a subsidised rate. This is either provided to the beneficiaries as a loan or gas agencies deduct the amount over time from the subsidies that the beneficiaries get.

The RICE study also found 35% of all LPG-owning households, and 60% of households that received LPG through Ujjwala, reported not receiving the subsidy at all.

A substantial portion of these households are likely to be those that have not yet paid the "loan" component of the Ujjwala but “most of these households were not aware that this was the reason”, said the study which added that the Ujjwala guidelines have not been explained to most households. Additionally, some of these households have paid the loan component, and are still not getting the subsidy, for various reasons. Most of these could be due to glitches in the usage of Aadhaar, said Aashish Gupta of RICE.

“We have provided gas connections to over 3,000 beneficiaries since April 2016,” said Rakesh Badala, owner of Priyanka gas agency in Gandhinagar locality of Pratapgarh. He said in Pratapgarh, the gas agencies are recovering the initial Rs 1,600 they waived off from the subsidies. “After the initial 6-7 refills, the subsidy amount reaches the beneficiaries,” he told IndiaSpend.

Acchoda village is populated by Kanjars, a marginalised community branded “criminal” by the British and now denotified later. They still struggle for social acceptance and have few avenues to earn and live with dignity. Most Kanjars here work in the mines and only Salagram Kanjar’s family has bought refills, about six. “I don’t know if I received any subsidy,” he told IndiaSpend. “I can’t read and the bank official said I didn’t receive anything.”

In order to effectively promote the use of LPGs, the government will have to reduce the cost of the cylinders and explain the benefits of cooking with LPG while breaking the myths around it, experts believe. “Larger subsidies for cylinder refills, informational campaigns that educate about the harms of air pollution exposure, and behavioural campaigns that change attitudes:” These are some of the recommendations of the researchers at RICE.

Further, Ujjwala is emphasised as a project for women but if men were encouraged to take on household tasks like cooking through a public campaign, the use of LPG cylinders may accelerate at a faster pace.

Spotify tops estimates with 100 million paid subscribers worldwide

Spotify has reached 100 million paid subscribers, a first for any online music service, adding more customers in the latest quarter than analysts expected and boosting confidence the company has lots of room to grow.

Spotify Technology SA took on 4 million customers in the quarter, compared with the 3.3 million forecast by analysts. But its first-quarter loss was 79 cents a share, wider than the 41-cent loss analysts expected. After a brief rise, the stock fell as much as 2 percent to $135.50 in New York trading.

Competition from Apple Inc., Amazon.com Inc. and YouTube has done little to slow Spotify’s growth around the world, and the company has relied on its independence from some of the world’s largest companies to its advantage. It has boosted its customer base through promotional deals with Hulu, Samsung and even Alphabet Inc.’s Google (YouTube’s parent company).

“The music industry market is way bigger than most people realized,” Chief Executive Officer Daniel Ek said on a call with analysts.

The company forecast it would add a further 7 million to 10 million subscribers in the current quarter. While Spotify has amassed its current user base thanks to music, the company has acquired three podcasting companies in the past few months to drive subscriber growth through other mediums.

Spotify spent about $400 million to buy Gimlet Media Inc., Anchor and Parcast, hoping that podcasting will turn the company into the world’s top audio platform and reduce its reliance on music. Record labels collect the majority of its annual sales.

chartLabel Payments
Payments to labels are a big reason the Swedish company is still losing a lot of money. Spotify attributed the first-quarter loss largely to higher costs for stock options and restricted stock units, thanks to its share-price gains. Gross margin was 24.7 percent, above the high end of the company’s guidance range.

Spotify is in the midst of negotiations with the world’s three largest music companies -- Universal, Sony and Warner. Executives have cautioned investors not to expect those deals to reduce its costs, but still sounded enthusiastic about concluding talks. “We’re feeling good about the progress we’re making,” Chief Financial Officer Barry McCarthy said in an interview.

Though Spotify’s premium subscribers topped expectations, monthly active users fell just short at 217 million. Spotify was projected to report about 218.3 million total users and 99.3 million premium subscribers, according to estimates compiled by Bloomberg News.

Expansion into new territories, such as India, will sustain growth in free users for years to come, the company said. Spotify has added 2 million customers since expanding to India earlier this year, and McCarthy said Latin America and Asia are growing quickly. Spotify offers a free service with advertisements and limited use, selling a full buffet of on-demand songs and playlists without ads for a fee.

Its growth in recent years has buoyed the entire music industry. Record sales have climbed four years in a row, and surpassed $19 billion in 2018. Shares of the music streaming service have rallied 22 percent so far this year, compared with a 17 percent gain in the S&P 500.

Ness Wadia gets 2-year suspended jail term for possession of drugs: Report

Ness Wadia, chairman of the Bombay Burmah Group and co-owner of Kings XI Punjab cricket team, has been sentenced to a two-year jail term in Japan for drug possession while on a skiing holiday, the Financial Times reported.

Wadia, the eldest son of Nusli Wadia and heir to the 283-year-old Wadia Group, was arrested at a Japanese airport in early March after custom officials found about 25 gm cannabis resin in his trouser pocket.

According to the report, Wadia has admitted to possession, saying that the drug was for his personal use.

An email to Wadia's office from Business Standard remained unanswered.

Wadia spent a period in detention before his indictment on March 20. He was awarded a two-year prison sentence by a district court in Japan. The sentence was suspended for five years.

Wadia also serves as director on the boards of various Wadia Group companies such as Britannia Industries, Bombay Dyeing, GoAir and Wadia Techno Engineering Services.

Monday, April 29, 2019

China's prowess in AI is making US nervous; can it win from tech cold war?

China’s growing technological prowess in areas such as artificial intelligence is making Washington very nervous. US efforts to fight back, though, could make the problem worse.

In US policy circles, suspicion of China is starting to resemble a new Red Scare. Universities are heightening scrutiny of research proposals from China and, in some cases, restricting collaboration. Chinese scientists’ visas are being delayed for conferences and exchanges. Visas for Chinese graduate students studying topics such as robotics or advanced manufacturing have been shortened to one year from five.

Last week, the M.D. Anderson Cancer Center in Houston kicked out three senior researchers of Chinese ethnicity after the US National Institutes of Health said they had potentially violated disclosure and confidentiality rules. Workers at various technology companies have been charged with stealing trade secrets in recent months.

More formal rules are coming. After President Donald Trump signed the Export Control Reform Act last year, the US put in place new policies to restrict Chinese investment in American high-tech companies. It also began a process of reexamining export controls on sensitive “emerging and foundational” technologies. That process is nearly complete: The Commerce Department’s Bureau of Industry and Security is holding seminars over the next few months to help companies understand how to comply with the tighter restrictions.

While the details are still murky, one thing is clear about the new rules: Like the old ones, they’ll apply not just to hardware shipped overseas, or even software and algorithms. They will cover individuals and ideas as well.

The disclosure of proprietary information or controlled information to a foreign national, even within the US, triggers the need for an export review process. If such an exchange were to happen elsewhere in the world — between a US national and a foreign national — it would be considered an export to that country.

Among other things, this means that US tech companies may not be able to use Chinese researchers to work on certain critical technologies, including AI. The kind of intellectual collaboration that’s produced some of the greatest advances in the field may no longer be possible.

This could be a boon for China. Beijing for years has tried to lure talent to the mainland. It’s set up generous benefits for so-called sea turtles — Chinese nationals who have “swum” abroad to study and work and then returned — from cheap housing to lucrative research grants. Those efforts have had mixed success: Fears of censorship and red tape have dissuaded some; a desire to live and work with the best minds in the world has motivated others to stay on in the US

If new export controls are enforced in their harshest form, the calculus for many Chinese scientists and engineers may change. Their job possibilities in the US will be limited. A potentially cumbersome visa process could discourage many American companies and universities from even interviewing qualified Chinese candidates.

For those who do find work, living under constant suspicion will be far from pleasant. In a letter to Science magazine last month, associations representing Chinese-American scientists said even they fear being singled out and racially profiled.

Some Chinese researchers may seek opportunities in Europe instead, or in countries such as Israel or India with thriving high-tech industries. Many more are likely to go home.

This would drain the US of some of its best talent; institutions such as the Massachusetts Institute of Technology rely on foreign students and academics for a significant part of their research capability. It’ll also limit the ability and willingness of US companies and universities to learn from Chinese counterparts: The Commerce Department’s latest “unverified list” — essentially a red flag that requires US companies to do more diligence and provide additional information about a listed company or person, while imposing license requirements — includes mostly Chinese academic institutions, research centers and tech companies.

More conversations will begin taking place outside the US In its global strategy report, MIT noted that “America’s relative economic weight in the world has been declining for decades, and as other countries grow more prosperous, a growing share of global R&D is originating outside the US” Collaborations between Chinese and European researchers will no doubt increase; Washington’s inability to persuade its allies to reject technology from Huawei Technologies Co. has shown the limits of its influence.

When it comes to certain sectors, including artificial intelligence and autonomous vehicles, an influx of new talent now could spur major advances in China. The country already offers some key advantages for researchers — including the reams of data available and fewer privacy concerns. Smart researchers could leverage those tools to leapfrog US technology.

Export controls covering technical information have been around since at least the 1940s. In the 1980s, the Reagan administration also erected barriers to scientific collaboration, fearing Soviet efforts to steal US technology. Universities were pressured to close their doors to foreigners, among other isolationist measures.

Such restrictions ultimately failed to slow the transfer of ideas and technologies. If anything, they blinded the US to its rivals’ growing capabilities. Washington might want to study that history, along with where technology is headed, before isolating itself again.

Not gay, says Faulkner after 'boyfriend' post causes frenzy on social media

Australian all-rounder James Faulkner Tuesday said he is not gay and his Board offered an apology for any "unintended offence" after his social media post with "boyfriend" Robert Jubb led to speculation that he is homosexual.

The cricketer, who turned 29 on Monday posted a picture of him with his housemate Jubb and his mother Roslyn Faulkner celebrating his birthday with the hashtag #togetherfor5years. He described Jubb as his boyfriend in it.

The post went viral and led to several fans congratulating him for coming out of the closet. However, he clarified on Tuesday that he is not homosexual.

"There seems to be a misunderstanding about my post from last night, I am not gay, however, it has been fantastic to see the support from and for the LBGT community," he posted.

"Let's never forget love is love, however @robjubbsta is just a great friend. Last night marked five years of being housemates! Good on everyone for being so supportive," he added.
 
Cricket Australia offered an apology for the misunderstanding that was created by Faulkner's post and insisted that the player never intended it to be a joke.

"Cricket Australia does not consider the social commentary this morning from James Faulkner to be a joke, nor does James," it said in a statement.

"His comment was made as a genuine reflection of his relationship with his business partner, best friend, and housemate of five years. He was not contacted for clarification before some outlets reported his Instagram post as an announcement of a homosexual relationship," it added.

The CA said it understands that coming out can be emotionally tough.

"The post was not in any way meant to make light of this and, though the support from the community was overwhelming and positive. Cricket Australia apologises for any unintended offence," it concluded.

In 2011, former England international Steven Davies became the first cricketer to reveal that he is gay.

Japan's Emperor to abdicate throne for the first time in 2 centuries today

For the first time in more than 200 years, Japan's emperor will abdicate Tuesday, putting his son on the Chrysanthemum Throne and ushering in a new era for the world's oldest monarchy.

In a set of solemn ceremonies, Emperor Akihito will hand over to his eldest son, 59-year-old Crown Prince Naruhito, also kicking off the new imperial "Reiwa" era -- meaning "beautiful harmony" -- that will continue for the length of the new monarch's reign.

The historic abdication has resulted in an unprecedented 10-day holiday for the famously hard-working Japanese, as special days off to mark the new emperor combine with the traditional "Golden Week" celebrations in May.

At precisely 5:00 pm local time (0800 GMT), the 85-year-old Akihito will formally step down in a 10-minute ceremony in the "Matsu-no-Ma" ("Room of Pine"), considered the most elegant hall in the sumptuous Imperial Palace.

The ritual will be conducted in the presence of the imperial regalia -- an ancient sword and jewel -- considered crucial evidence of an emperor's legitimacy.

However, Naruhito will not become emperor of Japan until the stroke of midnight and he will "inherit" the regalia at a second ceremony Wednesday at 10:30 am before making his first official public remarks shortly afterwards.

The popular Akihito stunned Japan when he announced in 2016 that he wanted to give up the Chrysanthemum Throne, citing his age and health problems -- he has been treated for prostate cancer and has also undergone heart surgery.

There have been abdications in Japan's long imperial history, which has mythological origins and stretches back more than two millennia, but the last one was more than two centuries ago.

A more lavish and public enthronement ceremony attended by world leaders will take place on October 22.

Akihito has sought to modernise the imperial family in Japan, which has a sensitive position given the role his father Hirohito played in the country's militaristic past.

He and his wife Empress Michiko won plaudits for a popular touch, notably comforting people affected by the 2011 earthquake, tsunami and nuclear meltdown that devastated whole swathes of east Japan and killed thousands.

Images of the couple kneeling and bowing to those in temporary shelters gave some heart to the stricken nation and Akihito took the rare step of giving a televised address to reassure his people.

Naruhito is also seen as a modern royal and has previously issued mild criticism of the sometimes stifling lifestyle imposed on royals, particularly as his wife Masako has struggled to adapt to imperial life and has long struggled with stress-induced illness.

The new emperor inherits a country very different to when it last crowned a new emperor.

In 1989, when Akihito ascended the throne, Japan ruled the world economically in the middle of a technology-fuelled boom that caused soaring land prices and sparked wild cost comparisons: the Imperial Palace grounds were worth more than all of Canada.

Now, Japan's population is in decline and it is on course to become the world's first "ultra-aged" society, with 28 per cent of people over 65.

The boom gave way to a "lost decade" of tepid economic growth and deflation from which Japan has not fully recovered -- GDP growth remains sluggish and a years-long battle to rekindle inflation with ultra-loose monetary policy has enjoyed limited success.

On the world stage, Japan has seen its role as Asian powerhouse usurped by a resurgent China and is a relative bystander even in global issues in its backyard such as North Korea.

The abdication has also reignited concerns about a potential succession crisis.

There are no more eligible male heirs after the 12-year-old son of Naruhito's younger brother Akishino.

Japan's centuries-old succession would be broken if that son, Hisahito, does not have a male child.

The idea of letting women ascend the throne is popular with Japanese, but vehemently opposed by traditionalists.

Ordinary Japanese have seized on the opportunity of a 10-day holiday to travel, with airports and bullet trains packed and roads jammed.

And the change of era has sparked a flurry of merchandise ranging from tee-shirts to a can of "Heisei" era air -- yours for a breeze at just under $10.

Emirates rethinks its route network for a world without the A380

Emirates, the world’s biggest long-haul airline, is reviewing its route network as it grapples with slowing economic growth and the demise of the A380 superjumbo, a plane that’s been the cornerstone of its strategic thinking for almost two decades.

Dubai-based Emirates has spent the past nine months “knocking down the network” to establish the optimum route profile both for itself and for the sheikdom, and is now close to the end of that exercise, President Tim Clark said at the 2019 Arabian Travel Market convention on Monday.

After establishing Dubai as the leading interchange for flights linking cities around the globe, Emirates is finding it tougher to find profitable new routes, especially with sluggish Persian Gulf economies weighing on margins. The state-owned airline was also unable to convince Airbus SE to upgrade the A380, forcing it to buy smaller jets requiring a recalibration of its super-hub model.

“We haven’t been growing at the pace we used to because of geopolitical issues in the region and elsewhere,” Clark said. “But that’s given us time to take stock of what the network is going to look like in five to ten years, and what the fleet fit in that network and the type of aircraft is going to be.”

Emirates dropped the A380 from its long-term plans after Airbus and engine maker Rolls-Royce Holdings Plc declined to invest in the double-decker, leaving a choice of buying “the same aircraft” or walking away, Clark said.

The airline resolved in February to purchase 70 A330neo and A350 wide-bodies while cutting its A380 order to 14 planes from 53. The two-engine jets will offer fuel savings but carry fewer people, complicating the Emirates operating model, which is built around waves of mass departures that are closely timed to maximize the scope for transfers between flights.

Dubai Airports Chief Executive Officer Paul Griffiths said separately at the 2019 CAPA Middle East & Africa Aviation Summit, also held in Dubai, that Airbus’s move to terminate the A380 programme following the Emirates decision represents a challenge for the hub model because of the limited flight capacity at many airports.

While Dubai’s new Al Maktoum facility will have plenty of room for additional flights to make up for the eventual retirement of the A380, other hubs — such as London Heathrow — are more constrained with little room at present for extra services.

US, India plans

Though all Emirates routes are “under the microscope” it remains possible that the airline could seek to operate more controversial “fifth freedom” routes to the US, in which flights originating in Dubai pick up passengers in a third country before taking them on to the US, Clark said.
Both a daily A380 service from Milan to New York and a Boeing 777 operation from Athens to Newark, New Jersey, are doing well and “the temptation is to do more,” he said. The routes have stoked anger among some US carriers and politicians who say Emirates and other Gulf carriers benefit from illegal aid, something they have denied.

India is a key market for Emirates and will remain so following an ongoing general election, Clark said, despite plans to tap growth there coming unstuck at Gulf rivals. Jet Airways India, part owned by Abu Dhabi-based Etihad Airways, ceased flights two weeks ago, while Qatar Airways has yet to launch its own Indian unit after announcing plans for a 100-plane airline in 2017.

'Avengers: Endgame' on way to be first Rs 300-crore Hollywood film in India

Marvel Studios’ Avengers: Endgame is inching towards the Rs 300-crore mark after it collected Rs 157.2 crore (net after tax) at the Indian box office in the first weekend of its release. Given the demand, the good reviews and word of mouth, distributors and exhibitors feel the movie is set to enter the Rs 300-crore club within 10 days of its release.

Endgame has marginally surpassed Avengers: Inifnity War’s (2018) first-week collection (Rs 156.64) in just three days. This also puts the movie in the league of some of the most successful Indian movies.

Suniel Wadhwa, independent distributor and box office analyst, says while the film was expected to do well at the box office, the collections have been better than expected. “Earlier, it was unconceivable that a Hollywood film with dubbed versions could deliver a collection above Rs 100 crore in the first weekend. Today, it’s a reality.”

“Forecasting Endgame’s lifetime collection is near impossible at this point. However, should Endgame deliver a similar multiplier as Infinity War (first weekend Rs 94.3 crore), it seems safe to assume this movie will become the first Hollywood film to surpass Rs 300 crore at the Indian box office.” Bollywood has seen eight movies breach the mark, and all of them were released in at least 4,000 screens at the time of launch.

Released in around 2,800 screens across multiple exhibition formats (2D, 3D, IMAX 3D, and 3D 4DX) in three Indian languages — Hindi, Tamil, and Telugu — besides English, the movie made Rs 53.1 crore on the first day, becoming the highest opener of the year so far, and the highest Hollywood opener in India. It is now second only to SS Rajamouli’s Baahubali 2: The Conclusion in terms of the opening day collections in the country across languages. The record for the highest Hollywood opening was previously held by Avengers: Infinity War at Rs 31 crore.

“The massive response by audience across the country is a testimony of how emotionally invested the Marvel fans are in the Avengers franchise. They eagerly waited to watch the culmination of the journey and their love for Marvel characters is clearly evident,” says Bikram Duggal, head - studio entertainment, Disney India.
The film held onto business on Saturday with a collection of Rs 51.4 crore, and followed it up with a marginal jump in collections on Sunday at Rs 52.7 crore. With this, it also became one of the few movies to have crossed the Rs 100-crore mark in the first weekend.

Endgame witnessed the most robust distribution for any Hollywood film. Even with a runtime of three hours (without an interval), there were 13,000 shows per day. It was the first time that exhibitors ran 24x7 programming for a Hollywood film.

“The demand for the movie has been phenomenal, which has resulted in Endgame performing even better than expected. Non-metro cities have shown equal demand, which contributed to its fabulous run. We have seen 85 per cent occupancy in the first weekend across markets. While in case of metro cities, heavy advance bookings were done, in non-metros, the uptake was quicker for current bookings,” says Devang Sampat, director - strategic initiatives, Cinépolis India.

92 trips to 57 countries since 2014: Here's what PM Narendra Modi achieved

As Indian Prime Minister Narendra Modi bids for reelection, his party has said his skillful diplomacy on the world stage has increased India’s global stature and brought in a flood of investment.

But what exactly have Modi’s foreign travels achieved? With 92 trips to 57 countries since coming to power in May 2014, Modi has flown abroad nearly twice as much as his predecessor Manmohan Singh in five years.

While Modi’s visits have won praise from supporters for boosting India’s global profile, the costs associated with them -- and the optics of traveling abroad so often in a country where many farmers are struggling -- have triggered some criticism. The main opposition Indian National Congress leader Rahul Gandhi has accused Modi of ignoring problems at home.
A closer look at Modi’s trips show that while some have yielded vague agreements that may not develop into anything substantial, doubters may still be exaggerating the negatives. Summit meetings accounted for roughly a third of Modi’s visits. And his arrival in each foreign capital made a symbolic statement about New Delhi’s world outlook.

Modi also made a point of repeatedly meeting leaders such as Japan’s Shinzo Abe and Russia’s Vladimir Putin, whose countries provide much-needed industrial investment and defense technology. Here’s more:

Foreign direct investment into India in Modi’s first term amounted to $193 billion, 50 percent more than the preceding five years.

At the same time, despite a high-profile push to generate jobs through manufacturing, much of the FDI has continued to flow into India’s services and capital-intensive industries, not labor-intensive ones.

While Modi won investment commitments from longstanding economic and strategic rival China, it largely remains a non-starter. FDI from China totaled $1.5 billion in the four years to March 2018, data from India’s central bank show, against $20 billion President Xi Jinping promised in the five years from 2014.

Under Modi, India started purchasing crude and liquefied natural gas cargoes from the US for the first time. In the last five years, he struck deals from Russia to the Middle East securing oil assets for India. He got the world’s biggest oil exporter Saudi Aramco to agree to invest in India’s largest oil refinery, and the U.A.E. to fill up strategic oil reserves, reducing the strain on state finances.

More broadly, Modi has maintained relations with Gulf countries crucial to India’s energy security even as he strengthened ties with Iran. However, the opposition has criticized the prime minister’s diplomacy for failing to win continued access to cheaper Iranian crude in the face of increasing US pressure on Tehran.

Mohammed Bin Salman, modi Mohammed Bin Salman, Saudi Arabia’s crown prince, with Modi in New Delhi on Feb. 20.Photographer: T. Narayan/Bloomberg
Big Projects

Modi has tried to tap a number of countries for strategic projects, which has occasionally brought him political grief.

After making the first-ever visit to Israel by an Indian premier, Modi has continued to seek advanced defense and water technology from Tel Aviv. With Japan, India is building a bullet train in Modi’s native Gujarat state -- although the slow pace of land acquisition has led to criticism.

In 2016, Modi signed an $8.7 billion deal for 36 Rafale fighter planes from France. The move has come under intense scrutiny since then for alleged rule violations, which his government has denied. Opponents have continued to use the deal to question the government’s anti-corruption credentials.

modi Modi with Putin in 2017, clockwise from top left, with Abe in 2016, in France in 2015 and in Israel in 2017
Soft Power

Modi has tried to use his trips to bolster India’s global image as an investment destination and a rising global power. He’s addressed the World Economic Forum in Davos and the Shangri-La security dialogue in Singapore.

Modi used a rare informal summit with China’s Xi in the city of Wuhan last year to patch up geopolitical tensions between New Delhi and Beijing following a military stand off in the Himalayas.

However several trips, including a surprise visit to Pakistan in 2015, did not yield any tangible results. And though Modi has approached diplomacy with vigor, some analysts suggest he has not injected the resources -- or implemented the reforms -- necessary to improve India’s standing in the world.

Uber drivers plan 12-hr protest in 6 US cities over low wages ahead of IPO

Uber Technologies Inc's drivers in six US cities are planning to shut their apps for 12 hours on May 8 to protest against low wages and working conditions, two days ahead of the company's expected market debut.

Drivers in San Francisco, Chicago, Los Angeles, San Diego, Philadelphia and Washington DC will shut their app on the day, when a separate protest will be carried out outside Uber's head office in San Francisco, a spokeswoman for Gig Workers Rising, a campaign for gig workers, told Reuters.

About "hundreds of drivers" are likely to join the protest, with Los Angeles and San Francisco expected to see a higher concentration of people, Clarkson said on Monday.

The drivers' demands also include employee benefit plans such as health care, holiday pay and representation in Uber's management structure.

Uber expects to price its IPO on May 9 and begin trading on the New York Stock Exchange the following day, people familiar with the matter have said.

"Uber's IPO will put millions in the pockets of executives, but the drivers who provide the service that is core to the company will get nothing, " Clarkson said.

To improve relations with drivers, Uber had announced plans to offer cash bonuses to some of its most active drivers with the option to purchase shares in the company's market debut.

PNB takes Tarapur Textiles Park to DRT for $13-million loan default

With investigations into Nirav Modi scam in full swing, Punjab National Bank (PNB) has unearthed yet another default from its London branch. The bank has moved the Debt Recovery Tribunal (DRT) against Tarapur Textiles Park for defaulting an amount worth $13 million.

A PNB official said Tarapur Textile account had turned into a non-performing asset and PNBIL (PNB International Ltd) has initiated recovery proceedings against the borrower.

The case had been filed in the DRT by PNBIL in July last year and the matter is pending in court since then, PNB said.

The bank is investigating why the loan was given by the London branch when the project was set up by an Indian company in Maharashtra. The bank has also invoked the personal guarantees of the promoters but it has not yielded any results so far for the bank in its bid to recover the dues.

An email sent to Tarapur Textiles did not elicit any response.

In February last year, PNB made headlines but jeweller Nirav Modi-owned Firestar International and Gitanjali Gems defaulted loans worth Rs 14,300 crore. Nirav Modi is currently in the custody of British authorities even as his plea against extradition to India is heard by an appeal court. In August 13 last year, Allahabad Bank Managing Director (MD) and Chief Executive Officer (CEO) Usha Ananthasubramanian was sacked by the government, a day before retirement, for her alleged involvement in the Rs 14,300 PNB fraud.

Delhi HC rejects plea to bar media from publishing allegations against CJI

The Delhi High Court on Monday dismissed a plea seeking to restrain the media from publishing allegations of sexual harassment against Chief Justice of India Ranjan Gogoi by a former Supreme Court employee.

A bench headed by Chief Justice Rajendra Menon said the top court is already seized of the matter and no interference was needed.

The plea, filed by NGO Anti Corruption Council of India, had said publication of allegations against the CJI directly hit the Indian judicial system.

The petition had sought immediate restriction on the media from further telecasting or publishing the allegations till conclusion of the three-judge panel's inquiry.

The allegations levelled by the former woman employee of the Supreme Court are being enquired into by a three-judge panel of the apex court which held its first proceeding on Friday last.


Cyclone 'Fani' may turn into severe storm, NDRF, Coast Guard on high alert

The National Disaster Response Force (NDRF) and the Indian Coast Guard have been put on high alert and fishermen asked not to venture into the sea as cyclone 'Fani' is expected to intensify into a very severe storm by Tuesday, the Home Ministry said Monday.

The cyclonic storm 'Fani' Monday morning was located at 880 km of South-East of Chennai and it will continue to move North-West and change its path to North-East from Wednesday.

The cyclone is expected to intensify into a very severe cyclonic storm by Tuesday, a home ministry statement said.

According to the India Meteorological Department (IMD), its landfall over Tamil Nadu and Andhra Pradesh is ruled out. However, the possibility of landfall in Odisha is under continuous watch.

The NDRF and the Indian Coast Guard have been put on high alert and placed at the disposal of the state governments concerned. Regular warnings have been issued since April 25 to fishermen not to venture into the sea and asking those at sea to return to coast, it said.

Prime Minister Narendra Modi is closely monitoring the situation and has directed Cabinet Secretary P K Sinha to convene a meeting of the National Crisis Management Committee (NCMC) to take stock of the situation with the state governments and the central ministries and agencies concerned to ensure necessary preparations to deal with the situation.

The IMD has been issuing three hourly bulletins with latest forecast to all the states concerned and the home ministry is also in continuous touch with the state governments and the central agencies concerned, the statement said.

Rafale case: Rahul replies to SC's contempt notice over 'chowkidar' remark

Congress President Rahul Gandhi Monday filed a fresh affidavit in the Supreme Court after a notice was issued to him on a contempt case for his remarks on the Rafale case verdict and again expressed regret for attributing the "chowkidar chor hai" remarks to the apex court.

The Congress President also sought dismissal of the contempt petition filed by BJP leader Meenakshi Lekhi, saying it was an abuse of the process of the court.

In his counter affidavit, Gandhi expressed regret for the "chowkidar chor hai" remark on Prime Minister Narendra Modi while referring to the Rafale judgment.

"It is also clear that no court would ever do that and hence the unfortunate references (for which I express regret) to the court order and to the political slogan in juxtaposition the same breath in the heat of political campaigning was ought not to be construed as suggesting that the court had given any finding or conclusion on that issue," he said in his affidavit.

The apex court had on April 23 issued notice to Gandhi on a criminal contempt petition filed against him by Lekhi for his remarks.

In his affidavit, Gandhi said he did not have the slightest or remotest intention to bring the court into political arena, or bring it into disrepute by attributing something which the court had not said.

"At the outset, it is clarified that the answering respondent (Gandhi) did not have the slightest or remotest intention, desire or even thought process to bring the court into the political arena, or bring it into disrepute or attribute to it deliberately or wilfully that which the court has not said or meant," he said

Gandhi said, "Several limbs of the government and of the ruling party" have repeatedly stated that the December 14 last year's order of the apex court constitute a clean chit to the government.

"The answering respondent (Gandhi) would also submit that his statement on April 10, 2019, had also been made in that context, purely politically, to counter the aforesaid misinformation campaign being led by senior functionaries of the BJP as well as the government that the judgement of this court dated December 14, 2018, was a clean chit to the government regarding all the aspect of the Rafale deal," he said.

"It is also noteworthy that the Rafale issue which had been and continues to be one of the most prominent political and social issues in this country for many months and despite the matter being sub judice it has been the subject of incessant discussion in civil society and the media," he said.

The counsel appearing for Gandhi mentioned the matter before a bench headed by Chief Justice Ranjan Gogoi and said they be allowed to file a reply on the contempt notice.

The bench, also comprising Justices Deepak Gupta and Sanjiv Khanna, allowed advocate Sunil Fernandes, who was appearing for Gandhi, to file the counter affidavit.

The apex court had earlier said it will hear the criminal contempt petition on April 30.