INDIAN INSTITUTE FOR HUMAN SETTLEMENTS
Hinduja family members get jail term for to up to 4.5 years for exploiting servants; family issues statement
Hinduja family members jal: A Swiss criminal court has sentenced four members of the wealthy Hinduja family to between four and 4 1/2 years in prison for exploiting their domestic workers. The court, however, dismissed more severe charges of human trafficking. The family members were accused of exploiting mostly illiterate Indian workers at their Geneva villa, including withholding passports, paying in Indian rupees instead of Swiss francs, and imposing long working hours under restrictive conditions.
India rejects comments by UN's top human rights official on foreign influence laws
India rejects UN High Commissioner Volker Turk's comments on foreign influence laws, emphasizing transparency and accountability for all. Ambassador Arindam Bagchi disagrees with Turk's remarks in the Global Update 56th session of the Human Rights Council.
Russian economy has withstood what even China could not have achieved: Prof. Alexander Dynkin
Prof. Alexander Dynkin discussed the significance of the Primakov Readings International Forum and the role of BRICS in shaping global economic trends. He emphasized India's pivotal role in BRICS and highlighted the growth potential in Russia-India ties. Dynkin provided insights into the Russian economy, foreign policy priorities, and commitments towards fostering regional stability and collaboration, especially in Africa. His analysis underscored Russia's resilience and strategic positioning in the evolving global landscape.
Hinduja Family, UK's richest, facing charges for human trafficking, paying domestic staff less than spending on dog in Switzerland
Four members of the Hinduja family are facing charges in Switzerland over allegations of exploiting their domestic staff, including human trafficking and unfair treatment. The case highlights stark contrasts in treatment and expenditures on their staff and pet dog, sparking a broader conversation on domestic worker mistreatment in Geneva.
In search of 'decent work'
Former RBI Dy Guv Mohan said India could not break out of lower-income levels without massive employment in low-wage manufacturing. Lack of 'decent jobs' was so acute that Uttar Pradesh had 4 mn applicants for 60,000 constable jobs. India's labour force participation was barely 50% against 78% for Vietnam, 76% for China, and 65% for Indonesia. This underemployed mass could not be employed fully in services. So, it was essential to boost manufactured exports - that alone would produce enough 'decent jobs'.
ET Circle: Cyril Shroff’s time-honoured lessons in law, legacy, and leadership and crafting timeless institutions
In this episode of the ET Circle multimedia series, discover what differentiates leading a legal services firm compared to a conventional business, the significance of a value system for building institutions that outlive physical assets, and enduring leadership lessons that blend the purity of purpose with resilience, the spirit to absorb adversities, and the vision to lead with empathy. Learn these invaluable insights from none other than Cyril Shroff, the Managing Partner at Cyril Amarchand Mangaldas, a legal services firm with a rich heritage spanning over a century.
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Heat is costing India dear. How to prevent it from charring our economy
Indian Institute for Human Settlements (IIHS) estimates that failing to address climate change, notably heat, could cost India up to 2.3% of GDP by 2023, and 6.7% by 2050. India can't roll the heat back. But we can prevent it from charring our economy and grilling India's liveability.
"Rewards for doing business in India are significant": Alexander Slater, MD USIBC
In the debut episode of the new podcast series "Doing Business in India," Jonathan Hymer, the Minister Counsellor for Commercial Affairs at the United States Embassy in New Delhi, welcomed Alexander Slater, the Managing Director of the US India Business Council, to discuss the evolving business landscape in India post-pandemic.
Pill for China plus one
Indian pharma CEOs met senior officials in FDA and other key agencies to start a conversation. Even if a little late, given the looming presidential election, the proposal deserves attention. The basic idea is to capitalise on India's expertise and infra for manufacturing through financial incentives, tech sharing, collaborative research and tech transfers to expand production in both countries. Pursue onshoring in America and friendshoring in India to reduce dependence on China. And aggregate US, Indian and European demand for certain drugs, as IPA secretary general Sudarshan Jain told me.
IIM Guwahati to soon be a reality, to be mentored by IIM Ahmedabad
Guwahati: Assam will soon get an Indian Institute of Management (IIM) with IIM Ahmedabad mentoring the new IIM in Guwahati. Assam's Chief Minister Himanta Biswa Sarma, who previously advocated for this, announced the approval and highlighted the collaboration of premier institutes in transforming Assam into an educational hub.
The man who escaped the scam rings of Cambodia
Thousands of workers are trafficked to Southeast Asia to commit cyber fraud on their fellow citizens over social media. Ex-serviceman Botcha Sankhar, who was forced to work in the scam compounds of Cambodia for six months, unravels the modus operandi of this new and terrifying form of crime and forced labour
Bihar alcohol ban prevented 21 lakh cases of intimate partner violence: Lancet study
Bihar's 2016 alcohol ban prevented 24 lakh cases of daily and weekly alcohol consumption and 21 lakh cases of intimate partner violence, according to a study published in The Lancet Regional Health Southeast Asia journal. The ban is also estimated to have prevented 18 lakh men in the state from becoming overweight or obese. The study, based on data from national and district level health and household surveys, suggests that stricter alcohol regulation policies may yield significant population-level health benefits for frequent drinkers and victims of intimate partner violence.
IIT Guwahati, Columbia University team up to develop optical driving process for nanopatterns
Emphasizing the significance of this breakthrough, Dr. Rishi Maiti, Assistant Professor, Department of Physics, IIT Guwahati and co-author of this work, said, "This novel nano-patterning technique using optically induced strain opens doors to a myriad of possibilities in nanoscience and technology. Its simplicity and effectiveness mark a significant advancement in the field, with far-reaching implications across various industries.”
HSBC and StanChart step up GIFT City play, buy stakes in CCIL-IFSC
"Being the global bank that we are, what we do, therefore, is connect India to the rest of the world and connect the rest of the world to India and GIFT is clearly onshoring what was happening offshore," HSBC India CEO Hitendra Dave told ET.
Delhi's outdoor workers, low-income households bear brunt of deadly heat
Delhi faces extreme heat due to climate change, impacting outdoor workers, low-income communities, and informal houses. Heat action plans lack adjustments like school timings, water use suspension, and power supply to health facilities. Met office issued a red alert for increased heat-related illnesses risk during elections. Delhi experienced a temperature breach of 49°C during last year's heatwave.
Climate change impacts millions in India. But as the country votes, some politicians skirt the issue
Nearly 970 million Indians are voting in general elections amidst severe weather exacerbated by climate change, causing loss of livelihood, migration, and tough living conditions. Voters are seeking leaders who promise stability and resilience against climate impacts. Major political parties, including the Bharatiya Janata Party and Congress, have pledged climate action in their manifestos, but climate change has been largely absent from the campaign trail.
Forex settlement next step by GIFT to onshore what's offshore
GIFT City to launch foreign currency settlement system chaired by K Rajaraman, IFSCA, supported by RBI and Clearing Corporation of India. System to settle US dollar transactions between IBUs in real-time. CCIL subsidiary to operate FCSS, aiming for operation by October 2024. Other currencies may be added later
"ISRO aims to explore human space flight activities, build space stations": Chairman Somnath
Indian Space Research Organisation (ISRO) Chairman Sreedhara Panicker Somanath on Sunday attended a programme at a school and said that the space agency aims to explore human space flight activities and build space stations.
Cruel Summer: Rethinking how to live, work in a world that is getting warmer
As this year’s summer, with its extended heat waves and record temperatures, warns, how to adapt to a warmer world is no longer a hypothetical question. A new study by World Weather Attribution says climate change has made a 30-day heat wave in South Asia 45 times more likely and 0.85o C hotter. Experts say we need to rethink the kind of houses we live in and offices we construct, how we grow our crops and the way we look at the impact of heat on our bodies, even as we tackle reducing the use of fossil fuels.
Who was Colonel Waibhav Anil Kale, Indian UN worker killed during Gaza attack
Colonel Waibhav Anil Kale (Retd), a former Indian Army officer working with the United Nations (UN), was killed in Gaza's Rafah region when his vehicle was attacked. This marks the UN's first international casualty since the Israel-Hamas conflict. Survived by his wife and two children, Colonel Kale dedicated over 20 years to the armed forces. He had served in various roles, including commanding in Kashmir and engaging in counterterrorism operations. Colonel Kale recently joined the UN as a Security Coordination Officer.
Appropriate price discovery in IPO: Semi-public market could be a solution
The Semi Public market proposal aims to enhance price discovery and transparency before IPOs, offering early liquidity. Despite regulatory challenges, it could reduce volatility and improve scientific price discovery in IPO markets, serving as a potential final solution.
Got your digital doppelganger yet?
Last year, Wall Street Journal columnist Joanna Stern wrote an article, 'I Cloned Myself With AI. She Fooled My Bank and My Family'. Even though AI Joanna was able to trick the voice biometric system on her credit card, the automated system asked for additional verification when a video intern for WSJ called and did her best Joanna impression.
IIT Guwahati develops high-performance materials for supercapacitors
IIT Guwahati researchers led by Prof. Uday Narayan Maiti developed materials improving supercapacitor performance, published in 'Small'. The study introduces novel methods to tackle challenges, offering promise for energy storage applications in various industries.
Clot in blood vessels occurs in rare cases with certain vaccines: Medical Expert amid reports over AstraZeneca
Dr. Rajeev Jayadevan, Co-Chairman of the National Indian Medical Association (IMA) Covid Task Force in Kerala, explains that Thrombosis Thrombocytopenia Syndrome (TTS), involving blood clots in rare cases, has been associated with certain vaccines, including adenovirus vector vaccines like Covishield. Despite the rarity, such events have been highlighted in reports, amidst recent admission by AstraZeneca regarding TTS risks. The WHO has also issued guidance on managing TTS cases following COVID-19 vaccination.
Infosys collaborates with AEEE, IIHS to decarbonise India’s commercial building sector
Infosys, AEEE, and IIHS collaborate on 'ASSURE' to decarbonize India's commercial building sector, aiming for 100 million sq. ft. of high-performance buildings by 2030. The initiative includes experts, lighthouse projects, and engagement with financial institutions.
Will short-term headwinds impact long-term potential? 6 stocks from hospital sector with upside potential of up to 30%
After outperforming the market, stocks from the healthcare sector or what is more commonly called hospital sector have gone into consolidation mode. The consolidation has been prompted by the fact that voices have been raised about differential pricing in the services of the hospitals. The matter has reached the Supreme Court and will be heard. Given the fact that while medicine is a science but in real life as practice it has an element of art in it. For example, a hospital who has a renowned surgeon from any branch, be it cardio, neuro on its roll may charge up more for the same surgery as compared to others. While the moral debate is on one side, there is another side to the story. In a country like India, the healthcare infrastructure needs vast expansion and upgradation. To some extent the street is ruthless and does not have much moral obligation.
ARTPARK: From legged robots to advanced cargo drones, a look at India's first robotics park
ARTPARK, India's pioneering AI and robotics hub established in 2020 within the Indian Institute of Science (IISc) campus, Bengaluru, aims to foster inclusivity and equitable access to technology. With a core focus on innovation, skilling, and industry collaboration, ARTPARK nurtures startups, supports research, and tackles societal challenges. Backed by substantial funding, it's a nexus for developing cutting-edge solutions and driving India's technological advancement.
Unlocking organizational potential: The role of chief executive officers (CXOs) in the digital era
Chief Experience Officers lead digital transformation to enhance customer engagement. Collaborating with C-suite executives and leveraging emerging technologies, CXOs drive innovation and deliver exceptional value to customers, shaping the future of business.
T+0 Settlement: A new dawn in Indian stock market
Traditionally, Indian exchanges followed a T+2 settlement cycle, which was shortened to T+1 in January 2023. It started in a phased manner from January 2022.
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