Professional Documents
Culture Documents
The Genesis
October 2015-Issue-II
Current Affairs
ABriefHistoryofSevenKillingswins2015ManBookerPrize
India,States
6,11
World
12
Sports
15
Economy
17
Corporate
21
CyberBuzz
26
Science&Technology
27
People
Faces:AngusDeaton
14
BusinessBiography:RalphLauren
20
Man Booker: 3
The
winning
novel
was
inspired by the attempted
assassination of Bob Marley in
1976,
when
the
reggae
legend was shot and injured a
few days before a peace
concert amid fierce political
violence in Jamaica
Knowledge Corners
Books
GD:Unfairtoblametelecomcompaniesforcalldrops
28
Crossword
29
Sudoku
36
Doyouremember?
30
CorporateKnowledgeQuiz
29
PointCounterpoint
35
Business Biography: 20
Ralph
Lauren,
the
quintessential
American
designer who built a fashion
empire based on sweeping
fantasies
of
country-club
prep and the Wild West, is
stepping down from his post
as CEO of his eponymous
company
Ahmedabad CO & Centre: 101, Suyojan Towers, Near. Hotel President, Off. C.G. Road Ahmedabad 09:079 26464053/26420509
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Let us rather run the risk of wearing out than rusting out. Theodore Roosevelt
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October 2015-Issue-II
THE GENESIS
Its a visceral and uncompromising novel that sheds a stark light on a profoundly disturbing chapter of
Jamaicas history, but its also an ingeniously structured feat of storytelling that draws the reader in with
its eye-catching use of language.
Aboutthebook
The winning novel was inspired by the attempted
assassination of Bob Marley in 1976, when the reggae
legend was shot and injured a few days before a peace
concert amid fierce political violence in Jamaica.
Marley was well enough to go ahead with the concert but the attack, which also wounded his wife and some
friends, led Marley to leave Jamaica and declare the
country was a rotten egg that had broken, and couldnt
be put back together again.
He later said the assassination attempt may have been
the best thing that ever happened to me, explaining: It
forced me to leave Jamaica and for the first time in my
life I feel free.
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Whatthereviewerssay
Seven Killings resembles James Ellroys LA Quartet in
its blistering violence, multiple voices and its
determination to redo history from the gutter to the star,
to borrow a phrase used by Ellroy. The Telegraph
A Brief History is sometimes more impressive than it is
easily enjoyable - a difficult book with a stop-start
structure that doesnt quite sweep you up in the way the
single narrative voices of the previous novels did. The
Guardian
This is a book the energy, intelligence and intellectual
range of which demands and rewards attention... It
showcases the extraordinary capabilities of a writer whose
importance can scarcely be questioned, even if his mode
of address will exclude some. The Independent
Epic, immersive, acutely observed and deeply moving,
its worth every long hour it demands of the reader.
Huffington Post
Though brilliant as a literary accomplishment, Jamess
work is frequently hard going in reading terms, given the
outsized stew of players and motives and the hyped-up
prose that conveys it all... But, in giving us the fullest
sense of this world, it proves to be a risk worth running.
New Statesman
Its like a Tarantino remake of The Harder They
Come, but with a soundtrack by Bob Marley and a script
October 2015-Issue-II
THE GENESIS
Abouttheauthor
Born in 1970 in Kingston, Jamaica, James is the son of a
police detective. Now 44, he teaches creative writing in
Minnesota in the United States.
Othercontenders
Satin Island: Tom McCarthy
Set in contemporary London, Satin Island tells the story
of U - a corporate anthropologist working for an elite
consultancy who embarks on a
data-gathering project to help
decode and manipulate the world
around them.
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October 2015-Issue-II
THE GENESIS
www.endeavorcareers.com
WhatBookerbrings
In addition to his 50,000 prize and trophy, James also
receives a designer bound edition of his book and a
further 2,500 for being shortlisted.
On winning the Man Booker Prize, an author can expect
international recognition, not to mention a dramatic
increase in book sales. Last years winning novel, The
Narrow Road to the Deep North by Richard Flanagan,
has sold 300,000 copies in the UK and almost 800,000
worldwide. Hardback sales of Flanagans book in the
week following his win eclipsed his combined BookScan
sales for the previous decade. Flanagan described the
experience as the most extraordinary honour you are
fully aware that you are no longer standing in the same
place you had been previously as a writer.
Other recent winners have included Hilary Mantel (2012
and 2009), whose Wolf Hall and Bring Up the Bodies
have been adapted into award-winning adaptations on
stage and screen, and Julian Barnes (2011), whose The
Sense of an Ending will soon be adapted for film. Other
winning novels that have gone on to have second or third
lives as stage and screen adaptations include Schindlers
Ark (directed by Steven Spielberg as Schindlers List),
The Remains of the Day and The English Patient.
This is the second year that the prize, first awarded in
1969, has been open to writers of any nationality, writing
originally in English and published in the UK. Previously,
the prize was open only to authors from the UK &
Commonwealth, Republic of Ireland and Zimbabwe.
First awarded in 1969, the Man Booker Prize is
recognised as the leading award for high quality literary
fiction written in English.Man Group has sponsored the
prize since 2002. Man Group is one of the worlds largest
independent alternative investment managers.
October 2015-Issue-II
THE GENESIS
Intended Nationally Determined Contributions (INDCs) are the primary means by which governments
communicate internationally the steps they will take to address climate change in their own countries. INDCs reflect each
countrys ambition for reducing emissions, taking into account its domestic circumstances and capabilities. It works by
pairing national policy-setting in which countries determine their contributions in the context of their national
priorities, circumstances and capabilities with a global framework that drives collective action towards a low-carbon,
climate-resilient future.
ITBP mission for Swachh Ganga flagged off: A 2,350-km long Swachh Ganga river rafting expedition of
border guarding force ITBP was flagged off by Union Minister Uma Bharti from the banks of the holy river at Dev
Prayag in Tehri Garhwal, Uttarakhand on October 2. The all-river journey will meander through five Ganga states and 49
cities in Uttarakhand, Uttar Pradesh, Bihar, Jharkhand and West Bengal over a stretch of 2,350 km. It will end in the first
half of December at Gangasagar in the Bay of Bengal, spanning 73 days. During the exercise, the expedition team will
collect polythene waste, pick samples of Ganga water and soil and will also document the presence of endangered
Gangetic Dolphins and later submit these records to concerned authorities to ascertain the level of pollution in the river.
Mid-day meal rules under National Food Security Act: The government has notified Mid-Day Meal
(MDM) Rules, 2015 under the Food Security Act. The rules provide for temporary utilization of other funds available
with the school for MDM in case school exhausts funds meant for meal for any reason. Food security allowance will be
paid to beneficiaries in case of non-supply of meal for specified reasons. Monthly testing of meals on random basis by
accredited Labs to check its quality has also been provided in the rules. State governments will fix responsibility on the
person or agency if meals are not provided on 3 consecutive school days or five days in a month. Every child within the
age group of six to fourteen years studying in classes I to VIII shall be provided hot cooked meal having nutritional
standards.
Accessible India Campaign launched: Union Minister for Social Justice & Empowerment Thawarchand Gehlot
said that the government will give all possible facilities to Persons with Disabilities under its national flagship campaign
Accessible India Campaign (Sugamya Bharat Abhiyan). Starting from Mumbai, the programme will be initially
implemented in 50 big cities across the country. The campaign will audit accessibility issues pertaining to government
buildings among other things. He also said that the categories of differently-abled persons will be increased from present
7 to 19 categories to cover the maximum extent of disabilities.
Indias largest warship INS Kochi commissioned: Defence Minister Manohar Parrikar commissioned Indian
Naval Ship (INS) Kochi, the largest India-made warship, at the naval dockyard in Mumbai on September 30. The
warship was designed by Indian Navys Directorate of Naval Design and was constructed by Mumbais Mazagon Dock
Shipbuilders. Apart from the state-of-the-art weapons and sensors, the warship also boasts a significant indigenous
component. It is equipped with state-of-the-art weapons and sensors, some of which have been developed by the DRDO
(Defence Research and Development Organisation) and manufactured in the country by our public and private sector
industries, said Chief of Naval staff, Admiral R.K. Dhowan.
Panel to fix pay, perks of MPs to be set up: The government has decided to constitute an Emoluments
Commission to determine the salary and allowances of MPs. The move comes in the backdrop of a controversy over a
parliamentary panels recommendations in June to double the pay and perks of lawmakers. The panel In June, a
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October 2015-Issue-II
THE GENESIS
parliamentary panel had pitched for 100 percent hike in salary and daily allowances of MPs and 75 percent raise in
pension of ex-MPs apart from facilities for their companions in place of spouses. The panel, headed BJP MP Yogi
Adityanath, had also sought doubling of the existing Rs 50,000 salary of MPs and favoured increasing the pension of
former parliamentarians from Rs 20,000 to Rs 35,000. The government rejected most of the panels recommendations.
National Institutional Ranking Framework launched: India will have its own ranking system--the National
Institutional Ranking Framework-- for higher educational institutions that will cover all institutes offering courses in
management, engineering, law, and humanities from April 2016. The ranking system, tailored for the Indian institutions
that are otherwise placed far too low on the global ranking lists, will mark institutions on the basis of five major
parameters, which include teaching, learning resources; research, consulting, collaborative performance; graduation
outcomes; outreach and inclusivity and perception. There will be subheads under each of these five categories to rank the
institutions, for instance under the teaching, learning and resources head, institutes will be graded on the basis of facultystudent ratio, faculty with Ph. D and experience, laboratory, sports and extra-curricular facilities.
Southwest Monsoon ends with 14% deficit: Under the influence of the El-Nino phenomenon, the Southwest
monsoon ended with a deficiency of 14 per cent this year with around 55 per cent of the country receiving normal
rainfall. The official period for the Southwest Monsoon season in India is between June 1 and September 30. In 2014 also
the monsoon reported a deficiency of 12 per cent. IMD had made a forecast of 88 per cent deficient rainfall with plus
or minus 4 per cent. This years rainfall was particularly marred by the El-Nino phenomenon. Country wise, Northwest
India has recorded a deficiency of 17 per cent, followed by 16 per cent in Central India, 15 per cent in Southern
Peninsula and 8 per cent in East and North-east India.
Bigger pictorial warnings on tobacco products from April 2016: Pictorial health warning on packages of
tobacco products will become bigger. A notification to this effect has been issued by the Health Ministry saying that all
tobacco products will carry warnings covering 85 per cent of the package area from April 1, 2016, up from 40 per cent at
present. The Rajasthan High Court had ordered the Centre to ensure that larger pictorial warnings are carried on all
tobacco products by September 29. The Ministry will seek six months as the producers of the products need to make
adjustments to their products. In March, the government had indefinitely delayed the implementation of bigger pictorial
warnings, pending the decision of a parliamentary committee which was examining the issue.
Graphic booklet on CRPF martyrs launched: Home Minister Rajnath Singh released a graphic booklet
depicting the valour and sacrifice of the Central Reserve Police Force (CRPF) personnel during the epic battle of Sardar
Post at Rann of Kutch in the 1965 lndo-Pak War. The comic book is first in the series of Shaurya Gaathas (valour
stories) that the countrys largest paramilitary force will publish to honour the courage and bravery of its troops in
various combat theatres including the Left Wing Extremism operations. On April 9, 1965, at the Sardar Post in the Rann
of Kutch, two companies of CRPF stood their ground and repulsed the attack of a full-fledged Pakistani Infantry brigade
inflicting heavy casualties.
New Paryatan Bhawan named after Deen Dayal Upadhyay: The new Tourism Ministry building in New
Delhi was named after Jan Sangh icon Pandit Deen Dayal Upadhyaya. Ministry, which is functioning from Transport
Bhawan, will soon have its own headquarters in the capital as the government laid the foundation stone for the Paryatan
Bhawan at Mandir Marg on September 27, World Tourism Day. NDMC will construct the new building at an estimated
cost of Rs 90 crore.
Swavlamban Health Insurance Scheme launched for PwDs: An MoU was inked between The Trust Fund
for Empowerment of Persons with Disabilities and The New India Assurance Company Limited to launch Group
Mediclaim Policy for empowerment of persons with disabilities Swavlamban Health Insurance Scheme. The Trust
Fund is managed by Ministry of Social Justice and Empowerment. The scheme will provide comprehensive cover to the
beneficiary as well as his family (PwD, Spouse & up to two children) and can be availed by PwDs aged between 18 years
and 65 years with family annual income of less than Rs. 3,00,000 per annum. The scheme also ensures coverage of any
pre-existing condition and a health Insurance cover up to Rs. 2,00,000 per annum as family floater.
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October 2015-Issue-II
THE GENESIS
Proposal mandating storage of messages withdrawn: Following a public uproar over threat to privacy, the
government has withdrawn the draft encryption policy which made it mandatory for storage of all messages, including
social media, for 90 days. Generally, all modern messaging services like WhatsApp, Viber, Line, Google Chat, Yahoo
Messenger and the like come with a high level of encryption and many a time, security agencies find it hard to intercept
these messages. As per the original draft, the new encryption policy proposes that every message a user sends must be
mandatorily stored in plain text format for 90 days and made available on demand to security agencies. The draft
proposed legal action that could entail imprisonment for failure to store and produce on demand the encrypted message
sent from any mobile device or computer.
PM returns from successful visit to US: Prime Minister Narendra Modi wrapped up his 6 day long visit to the
US on September 28 after meeting the US President Barack Obama and addressing the Leaders summit on Peacekeeping at UN headquarters in New York. During his visit to US, Modi had discussions with a number of important
world leaders where issues ranging from bilateral relations to terrorism, reform of the UN Security Council were
discussed. On climate Change the Prime Minister came out with a new vision of Climate Justice and exhorted the
developed countries to go beyond the negatively defined idea of emission cuts to help countries with technology and
finance for sustainable development. He also strongly called upon the world community to unite in its fight against
terrorism. In his meetings with G-4 leaders and other world leaders, Prime Minister Modi effectively highlighted the case
of time bound reform in United Nations Security Council to reflect realities of the 21st century.
Court is Indias official entry to Oscars 2016: Chaitanya Tamhanes National award- winning Marathi film
Court, a poignant commentary on Indias judicial system, has been selected as the countrys official entry for the Best
Foreign Film category at the Oscars next year. The independent, low-budget but gripping drama received widespread
praise from the critics. The drama unfolds through an aging folk singer, who is tried for abetment to suicide in a court.
The movie, inspired by the real life story of folk singer Jiten Marandi, who got embroiled in a criminal case after a bomb
blast, critiques the justice delivery system, its chaos and delays, which affect the common mans freedom. India is yet to
win an Oscar in the best foreign film category. The last Indian film that made it to the final five list was Ashutosh
Gowarikars Lagaan. Court was named the Best Picture at the National film awards this year, besides winning 17
international honours after its premiere at the Venice International Film Festival in 2014.
Times World University Rankings: No Indian institute features among the top 200 universities in the world,
according to Times Higher Education, which has published the twelfth edition of its World University Rankings. India
has two institutions in the top 400, the Indian Institute of Science (the 251-300 group) and the Indian Institute of
Technology, Bombay, and (351-400 cohort). The California Institute of Technology (US), the University of Oxford (UK)
and Stanford University (US) are the top three institutes in the list.
AWARDS
Shanti Swarup Bhatnagar awards
The government has announced the recipients of prestigious Shanti Swarup Bhatnagar Prize for Science and
Technology (SSB). The Ministry of Science and Technology announced 11 awards in seven different fields.
WINNERS: Biological Science: Balasubramanian Gopal, Rajeev Kumar Varshney; Earth, Atmosphere, Ocean and
Planetary Sciences: Jyotiranjan Srichandan Ray; Engineering Sciences: Yogesh Joshi; Mathematical Sciences:
Ritabrata Munshi, K. Sandeep; Medical Science: Vidita Vaidya; Physical Sciences: Bedangadas Mohanty, Mandar
Deshmukh; Chemical Sciences: D Srinivasa Reddy, Pradyut Ghosh
The annual award, given by the Council of Scientific and Industrial Research (CSIR), consists of a cash prize of Rs. 5
lakh, a citation and a plaque. It is named after the founder Director of the CSIR and is given annually to young
scientists below the age of 45 who have made outstanding contributions in any field of science and technology.
Porter Prize
Reliance Foundation, Tata Power and Apollo are among the nine corporates who have bagged this years Porter Prize
for Enabling Social Progress. Instituted in the name of Michael E Porter, a Professor at Harvard Business School and
father of modern strategy field, it is awarded to entities which have showcased outstanding performance in the industry
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October 2015-Issue-II
THE GENESIS
and their activities have enabled upliftment of social indicators in their area of work. The winners of this years awards
were announced by Institute for Competitiveness, which organised the Porter Prize 2015.
WinnersPorter Prize for Enabling Social Progress: Reliance Foundation, the CSR arm of Reliance Industries; Porter
Prize for Excellence in Corporate Integration and Governance: Tata Power; Porter Prize for Leveraging Unique
Activities: JSW Steel; Porter Prize on Industry Architectural Shift: Mahindra Rural Housing and Finance; Porter Prize
on Exploiting Tradeoffs: Abbott India; Porter Prize for Creating Distinctive Value: DHL; Porter Prize for Value Based
Healthcare: Apollo Hospitals; Porter Prize on Creating Shared Value: Jain Irrigation & JSW Group.
Vayoshreshtha Samman
President Pranab Mukherjee on October 1, 2015 presented National Awards Vayoshreshtha Samman to senior citizens
in a function organized by the Ministry of Social Justice & Empowerment in New Delhi on the International Day of
Older Persons on October 1. The 2015 winners are: Best Institution for providing services to senior citizens and
awareness generation1. Gram Vikas Parisha, Vill. Rangaloo, Jumarmur; 2. Pravara Rural Hospital, Loni, Tahata. Best
District Panchayat in providing services and facilities to senior citizens1. Zilla panchayat Dindori, Dindori, MP 2.
Udupi Zilla Panchayath, Manipal, Karnataka. Centenarian1. Uday Singh Maan, Lowa Kalan, Jhajjar, Haryana. Iconic
Mother1. Laduben alias Leelaben Chaabildas Gurjar, Thakkar-Bapa Colony, Ahmedabad, Gujarat. Life Time
Achievement1. Yashwant Narayan Kadam, Vijaynagar Colony, Kolhapur, Maharashtra.
PERSONSINNEWS
Jayant Prasad: Former ambassador Jayant Prasad has been appointed the next Director General of the Institute for
Defence Studies and Analyses (IDSA), the prestigious New Delhi-based think tank on strategic affairs. In his long and
distinguished career that he began by specialising on the South Asian neighbourhood, Prasad most prominently served in
Afghanistan as the Indian Ambassador during 2008-2010 and as Ambassador to Nepal during 2011-2013. He takes
charge at a special moment in the history of IDSA as 2015 marks the fiftieth year of existence of the think tank.
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October 2015-Issue-II
THE GENESIS
10
Manmohan Singh: The CBI has told a Special Court that there is no evidence against former Prime Minister
Manmohan Singh in coal scam case. It opposed the plea of ex-Jharkhand Chief Minister Madhu Koda seeking
summoning of former PM as additional accused in the case, saying the application was devoid of any merits. It said
there is not even prima facie evidence to suggest that the then PM, who was also Coal Minister at that time, was part of
any conspiracy in allocating coal block to Jindal Group firms. Koda had contended that Singh being the final authority to
allocate coal blocks, cannot escape from the consequences of his decision.
Sanjiv Chaturvedi: Former Chief Vigilance Officer (CVO) of AIIMS, Sanjiv Chaturvedi, who was honoured with
the prestigious Ramon Magsaysay award recently, said he has donated the entire award money to AIIMS for treatment of
poor patients. Chaturvedi received Rs 19.85 lakh as award money of which Rs 5.63 lakh has to be deposited as advance
tax.Chaturvedi, who is currently posted as deputy secretary of AIIMS, was removed from the post of CVO in August
2014.
Digital India brand ambassadors: The government as appointed four Brand Ambassadors were nominated for a
period of one year to propagate the product and applications being launched by the department under Digital India
Programme. They are: 1. Satwat Jagwani, All India IIT-JEE -Advanced Topper -2015 (Student) 2. Krati Tiwari, All India
IIT-JEE -Advanced Girl Topper -2015 (Student) 3. Ankit Fadia, Author & Ethical Hacker 4. Pranav Mistry, Samsung
USA (Computer Scientist/Author of 6th Sense). Thereafter, no other person has been appointed as Brand Ambassador for
Digital India. The services of these Brand Ambassadors will be used, as and when required for generating mass
awareness for the programme.
New Ambassadors: Navtej Sarna will be the next Indian High Commissioner to United Kingdom. Gautam
Bambawale will take over as High Commissioner to Pakistan. Syed Akbaruddin will join as the next Permanent
Representative of India to the UN, New York replacing Asoke Mukerji. Vijay Gokhale will be the next Ambassador in
Beijing. Other postings include that of Anil Wadhwa as Ambassador to Italy and Pankaj Saran as Ambassador to
Russia. Harsh V Shringla will be the new Ambassador to Bangladesh. Sujan Chinoy will be going as Ambassador to
Japan. George Rajuis Indias next Ambassador to Iraq. Most of these positions will be taken up by Jan 2016.
Appointments: Stuti Narain Kacker, a 1978 batch IAS officer, has been appointed Chairperson of the National
Commission for Protection of Child Rights (NCPCR) by Women and Child Development Ministry. Uday Shankar,
CEO, STAR India was re-elected as The Indian Broadcasting Foundation (IBF)s President for the second term running.
Raj Chengappa, Group Editorial Director of India Today was elected the President of Editors Guild of India. Chairman
and Editor-in Chief of India TV, Rajat Sharma, was reappointed as the President of News Broadcasters Association
(NBA).
Resignations/Retirements: Visva Bharati Vice-Chancellor (VC) Sushanta Dattagupta, facing charges of
administrative and financial irregularities, resigned in October. Amid reports of tobacco farmers committing suicides, the
Commerce Ministry has asked Tobacco Board Chairman K. Gopal to go on leave with immediate effect.
OBITUARIES
Senior BJP leader Ram Kapse, who represented Thane in the 9th and 10th Lok Sabha, passed away in Mumbai on
September 29 at the age of 82. Manipur Governor Syed Ahmed, who was elected to the Maharashtra Assembly five
times from the Nagpada constituency, passed away in Mumbai on September 27 at the age of 73. Meghalayas oldest and
longest serving legislator, Hoping Stone Lyngdoh, passed away in Shillong on September 26 at the age of 86. Noted
environmentalist Kallen Pokkudan, who devoted his entire life to cultivating and conserving mangroves across Kerala,
died in Kannur on September 27 at the age of 78. Veteran TV actor Mohan Bhandari, known for serials like Khaandaan
(DD), Karz, Parampara, Jeevan Mrityu, Pathjhad, Gumraah and Mile Sur Mera Tumhara, died in Mumbai on
September 24. Malayalam playback singer Radhika Thilak passed away in Kochi on September 20 at the age of 45.
Independent Indias first visually-challenged MP Sadhan Gupta of the CPI(M) died in Kolkata on September 20 at the
age of 98.
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October 2015-Issue-II
THE GENESIS
11
MAHARASHTRA: In the wake of rising cases of farmers suicides, Maharashtra Government has decided to launch
a mental health scheme aimed at bringing down the number of deaths due to the agrarian crisis. The scheme will be
known as Prerana Project- Farmers Mental Health Service Programme. It envisages roping in accredited social health
activists (ASHA) community health workers in efforts to reduce farmers suicides. As many as 628 farmer suicides have
been reported so far this year in the Marathwada region, which has experienced the most deficient rainfall in the entire
country.
TAMIL NADU: Madras High Court has directed the Centre to issue suitable direction to manufacturers of helmets
for two wheelers to provide helmet lock as a component and not as an accessory. The Court said two helmets should be
given to people at the time of purchase of a vehicle. The courts order has led wearing of helmet mandatory in Tamil
Nadu since July 2015. Emphasizing the relevant sections of Motor Vehicle Act, which mandated providing helmets to
two wheeler riders, the Court asked the Centre to ensure two-wheeler manufacturers to provide helmets confirming to the
Bureau of Indian Standards. The judge said, if helmet is provided by the manufacturer, it will prevent use of sub-standard
headgears.
TELANGANA: Telangana government has decided to enhance relief amount being paid to families of farmers who
committed suicide due to farm distress to 6 lakh rupees from the present one lakh fifty thousand rupees. The welfare
programmes like financial assistance for young women will be extended to also to the families of farmers who committed
suicides. Earlier, the government officially admitted that 141 farmers committed suicides due farm distress and said all
the families will be paid ex-gratia.
KERALA: Taking a serious view of the increase in the number of children missing in the state, the Kerala government
has launched a programme to trace, rescue and reunite the little ones with their family. Titled as Operation Valsalya,
the state governments ambitious programme is envisaged to be implemented on the lines of the much acclaimed
Operation Smile project in Ghaziabad. According to police statistics, as many as 69 children have been kidnapped or
abducted across the state till June in 2015. The picture and other whereabouts of children, rescued from various parts of
the state under the mission, would be uploaded in the website www.Trackthemissingchild.Nic.In.
ARUNACHAL PRADESH: The Supreme Court has directed the Centre and Arunachal Pradesh government to
grant citizenship within three months to Chakma and Hajong tribals who had migrated from Bangladesh in 1964-69 and
were settled in Arunachal Pradesh, saying they cannot be discriminated in any manner pending formal conferment of
rights of citizenship. Their status also stands duly acknowledged in the guidelines of the Election Commission of India.
The apex court said that Chakmas have a right to be granted citizenship and it is even recognised by judicial decisions
that they cannot be required to obtain any Inner Line permit as they are settled in Arunachal Pradesh.
ODISHA: Odisha government has decided to provide 200 days of work under MGNREGA, in a bid to prevent
possible migration of people from drought-hit areas in the state. At a meeting chaired by Chief Minister Naveen Patnaik
in Bhubaneswar, the state government decided to extend the Mahatma Gandhi National Rural Employment Guarantee
Act (MGNREGA) work days to 200 days. Earlier the Centre had announced 150 days of work under MGNREGA in
drought hit areas across the country. Normally, people get 100 days of work per annum under MGNREGA.
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October 2015-Issue-II
THE GENESIS
12
5 nations elected for two-year term on UNSC: In one round of voting the United Nations General Assembly
on October 15, 2015 elected Egypt, Japan, Senegal, Ukraine and Uruguay to serve as non-permanent members on the
Security Council for two-year terms beginning on 1 January 2016. The five permanent Council members, which each
wield the power of veto, are China, France, Russia, the United Kingdom and the United States. The non-permanent
members that will remain on the Council until the end of 2016 are Angola, Malaysia, New Zealand, Spain and
Venezuela.
UN adopts new Global Goals for sustainable development: The 193-Member United Nations General
Assembly formally adopted the 2030 Agenda for Sustainable Development, along with a set of bold new Global Goals at
the UN Sustainable Development Summit that ended on October 4. The new framework titled Transforming Our World:
the 2030 Agenda for Sustainable Development is composed of 17 goals and 169 targets to wipe out poverty, fight
inequality and tackle climate change over the next 15 years.
NZ to create worlds largest marine reserve: New Zealand will create one of the largest marine protected
areas in the world, spanning an area of 620,000 sq km. The Kermadec ocean sanctuary will be one of the worlds most
significant fully protected ecosystems, PM John Key announced recently. The sanctuary is in the South Pacific Ocean,
about 1000km north-east of New Zealand, and expands a marine reserve that surrounds a clutch of small islands. The
area is considered crucial in terms of biodiversity, featuring nearly 35 species of whales and dolphins, 150 types of fish
and three of the worlds seven sea turtle species. It is also geologically significant, encompassing the worlds longest
chain of submerged volcanoes and the second deepest ocean trench, plunging to 10 km underwater deeper than Mount
Everest is tall.
Iceland admits killing 184 whales in 2015: Iceland announced in October that 155 fin whales and 29 minke
whales were killed by its hunters in the 2015 season, in defiance of calls to end the practice. Iceland and Norway are the
only nations that openly defy the International Whaling Commissions 1986 ban on hunting whales. Japan has used a
legal loophole in the ban that allows it to continue hunting the animals in order to gather scientific data -- but it has never
made a secret of the fact that the whale meat from these hunts often ends up on dining tables.
Nepal rations fuel amid blockade by protesters: Nepal began rationing petroleum products amid blockade by
protesters against the new Constitution. The measures introduced restrict weekly sales of fuel to three litres for
motorcyclists and 10 litres for cars. The move comes after the country decided an odd-even license plate system for
plying of vehicles on alternate days and asked international airlines to refuel planes abroad amid a fuel crisis due to the
blockade. Besides Raxaul, four other major trading points including Kakarvitta, Biratnagar, Bhairahawa and Nepalgunj
have also been blocked. The agitating Madhesi Front claims that the Constitution does not guarantee enough rights and
representation to the Madhesi and Tharu communities residing in southern Nepal
Catalan vote deepens political standoff in Spain: Separatists in Catalonia vowed to push on for
independence from Spain after winning control of their regional parliament in polls held recently, but the Spanish
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government promised to keep the country united. The separatist Together For Yes alliance along with the radical leftwing group CUP said they have a majority which totally legitimises initialising the process towards declaring
independence. But in Madrid, Prime Minister Mariano Rajoy said he would not discuss the end of unity of Spain.
Groups that want to break Spains richest region away as a new nation in Europe won a combined 72 seats in the 135seat regional parliament in the polls.
Bolivian eliminates Presidential term limits: Bolivias parliament has passed a law that would allow President
Evo Morales to run for another term, if ratified in a national referendum next year. Historically, Bolivia is one of South
Americas most unstable countries. It has enjoyed relative prosperity and calm under Morales who is its first indigenous
leader. The current constitution, adopted in 2009, bars more than two consecutive terms
Palestine renounces security, political accords with Israel: On the day that the Palestinian flag was raised
at United Nations Headquarters for the first time, Palestinian President Mahmoud Abbas on September 30 renounced
political and security accords with Israel, due to its continual violations of the 20-year-old agreements. They leave us no
choice but to insist that we will not remain the only ones committed to the implementation of these agreements, while
Israel continuously violates them, he announced referring to the so-called Oslo accords to set up a Palestinian state
alongside Israel, with interim terms governing security and economic cooperation.
AWARDS
Right Livelihood Awards: The foreign minister and the people of the Marshall Islands have been honoured for
taking legal action against the nuclear powers for failing to honour disarmament obligations. Tony de Brum and the
people of the Pacific island group shared the honorary portion of the 2015 Right Livelihood Award, sometimes referred
to as the alternative Nobel. This years 3-million-kronor (USD 358,500) Cash Award was shared by three activists
Canadas Sheila Watt-Cloutier, for her supports to Inuit causes; Ugandas Kasha Jacqueline Nabagesera, for her struggle
for sexual minorities rights; and Italian surgeon Gino Strada, for providing medical assistance to victims of war. Created
in 1980, the annual Right Livelihood Award honours efforts that prize founder, Swedish-German philanthropist Jakob
von Uexkull, felt were being ignored by the Nobel Prizes. The awards will be presented in the Swedish Parliament on
November 30.
PERSONSINNEWS
APPOINTMENTS: Hoesung Lee of South Korea has been elected as the new Chairman of UNs Intergovernmental
Panel on Climate Change (IPCC), replacing Rajendra Pachauri of India, who quit in February over allegations of sexual
harassment. Hailemariam Desalegne, 50, was unanimously re-elected Ethiopias prime minister for a second term at the
inaugural session of the newly-elected parliament in Addis Ababa in October. James Bond actor Daniel Craig was
appointed as its Global Advocate for the Elimination of Mines and Explosive Hazards by the United Nations in October.
US Ambassador to Pakistan Richard Olson was appointed as the new US Special Representative for Afghanistan and
Pakistan in October. The UN announced Fayez Saraj as the new Prime Minister of the national unity government in
Libya which has been divided between an Islamist-backed government based in Tripoli and an internationally recognised
government in the countrys east since the ousting of the former dictator Muammar Gaddafi in 2011. Communist Party of
Nepal (Unified Marxist-Leninist) CPN-UML Chairman KP Sharma Oli was elected as the new PM of Nepal in October.
OBITUARIES: American Nobel laureate for Chemistry Richard Heck, who designed a method of building complex
molecules that has helped fight cancer, protect crops and make electronic devices, died in Manila on October 10 at 84.
BBC journalist Sue Lloyd-Roberts, known for her series of investigative reports that frequently involved travel to
conflict zones, died in a London on October 13 at the age of 64. Hungarys first democratically-elected President and
former dissident Arpad Goncz died aged 93 in Budapest on October 6. Swedish author and playwright Henning
Mankell, whose best-selling mystery series features the dour Inspector Kurt Wallander, died on October 5 at 67. Famed
Egyptian satirical writer Ali Salem, known for the 1971 comedic play School of the Troublemakers, died in Cairo on
September 22 at the age of 79.
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Faces
Angus Deaton: Understanding poverty
By emphasising the links between individual consumption decisions and outcomes for the
whole economy, his work has helped transform modern microeconomics, macroeconomics and
development economics
The
Royal
Swedish
Academy of Sciences has
awarded The Sveriges
Riksbank
Prize
in
Economic Sciences in
Memory of Alfred Nobel
for 2015 to American
economist Angus Deaton.
To design economic policy that promotes welfare and
reduces poverty, we must first understand individual
consumption choices. More than anyone else, Angus
Deaton has enhanced this understanding. By linking
detailed individual choices and aggregate outcomes, his
research has helped transform the fields of
microeconomics, macroeconomics, and development
economics.
The work for which Deaton is now being honored
revolves around three central questions:
How do consumers distribute their spending among
different goods? Answering this question is not only
necessary for explaining and forecasting actual
consumption patterns, but also crucial in evaluating how
policy reforms, like changes in consumption taxes, affect
the welfare of different groups. In his early work around
1980, Deaton developed the Almost Ideal Demand
System a flexible, yet simple, way of estimating how
the demand for each good depends on the prices of all
goods and on individual incomes. His approach and its
later modifications are now standard tools, both in
academia and in practical policy evaluation.
How much of societys income is spent and how much is
saved? To explain capital formation and the magnitudes
of business cycles, it is necessary to understand the
interplay between income and consumption over time. In
a few papers around 1990, Deaton showed that the
prevailing consumption theory could not explain the
actual relationships if the starting point was aggregate
income and consumption. Instead, one should sum up
how individuals adapt their own consumption to their
individual income, which fluctuates in a very different
way to aggregate income. This research clearly
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LessonsforIndia
Angus Deaton, has had a long professional association
with India. And various lessons from his work are quite
relevant to Indian public policy today, for example the
lesson about measurement being the key to enforcing
accountability. Deaton was a pioneer in devising ways to
measure consumption, which led to a better understanding
of poverty and ways to fight it. India, unfortunately, falls
short when it comes to measurement.
Deatonhas been sceptical about the extraordinary claims
of new approaches to designing superior schemes to
combat poverty, particularly the use of randomised
controlled trials. A healthy dose of scepticism is a
necessary ingredient in policy making as it limits the
possibility of making a wrong choice. At the same time,
Deaton has been open to taking strong stands be it on the
efficacy of cash transfers or the possibility of long-term
harm to recipients of foreign aid. For an Indian audience,
the Nobel is a welcome development as his work has been
of particular relevance to our challenges.We spend over
Rs 3 trillion annually on subsidies and welfare measures
but make slow progress in poverty reduction, with almost
a third of the population still poor. Indias fight against
poverty can benefit a lot from Deatons body of work.
October 2015-Issue-II
THE GENESIS
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Others in News: The ICC has barred Sri Lankan off-spinner Tharindu Kaushal from bowling the Doosra in
international cricket after it was found illegal in independent assessment but cleared all his other deliveries. Former
England fast bowler Frank Tyson, who took 76 wickets in 17 Tests and was nicknamed Typhoon due to his ferocious
pace, died at the age of 85 on September 27. Former Australian Test cricketer Lindsay Kline, who is famously known
for facing the final ball of the sports first tied test match against the West Indies in 1960, passed away at 81 in Melbourne
on October 2.
FOOTBALL: FIFAs independent ethics committee in Zurich suspended world body president Sepp Blatter and UEFA
head Michel Platini, who is also a candidate for the FIFA presidency, for 90 days in October after they were named in a
Swiss corruption case. Haryanas Government Senior Secondary School from Alakhpura, Bhiwani defeated Chanambam
Thambou Higher Secondary School, Manipur 5-3 in penalty shootout to lift the Subroto Cup football trophy in the junior
girls (Under-17) section at the Ambedkar Stadium in New Delhi on September 29. Indian football teams slumped to
their fourth straight defeat losing 1-2 to hosts Turkmenistan in the 2018 FIFA World Cup qualifiers, in Ashgabat on
October 8 thus ending their chances of qualification.
HOCKEY: The Indian junior mens (Under-21) hockey team suffered a nail-biting defeat on penalties against Great
Britain in the final of the 5th Sultan of Johor Cup in Johor Bahru (Malaysia) on October 18. The India colts, who were
leveled at 2-2 against Great Britain after full time in the title encounter, lost in the penalty shootout 4-3, to the Great
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Britain boys. India had earlier finished at the top of the table in the league encounter just losing one match ironically to
Great Britain. Sumit Kumar and Harmanpreet Singh with 3 goals each have been the top scorers for India in tournament.
CHESS: GM Sergey Karjakin of Russia annexed the World Cup Chess Championship defeating compatriot Peter
Svidler 6-4 in a thrilling finale that concluded in Baku (Azerbaijan) in October. Karjakin and Svidler thus joined fivetime World Champion Viswanathan Anand of India, Veselin Topalov of Bulgaria and American duo of Fabiano Caruana
and Hikaru Nakamura in the line-up for the Candidates tournament to decide the challenger for Magnus Carlsen of
Norway in the next world championship.
BADMINTON: P V Sindhu dream run at the Denmark Open ended in agony as the Indian shuttler suffered a 21-19,
21-12 straight-game defeat against Olympic champion Li Xuerui of China in the Womens Singles final of the USD
650,000 Super Series Premier badminton event, in Odense on October 18. Mens Singles title was won by Chinas Chen
Long who beat Indonesias Tommy Sugiarto in the final 21-12, 21-12. Womens Doubles title was won by South Korean
pair of Jung Kyung Eun & Shun Seung Chan while South Koreas Yoo Yeon Seong and Lee Yong Dae won the Mens
Doubles title. South Korea also won the Mixed Doubles title when its pair Sung Hyun and Kim Ha Na defeated their
Indonesian opponents in the final.
TENNIS: David Ferrer of Spain claimed the Malaysian Open title at Kuala Lumpur on October 4 defeating his Spanish
compatriot Feliciano Lopez in the final between the top two seeds. Sania Mirza and Martina Hingis continued its
dominating run by winning their sixth title of the year at the Guangzhou Open on September 26 beating Xu Shilin and
You Xiaodi 6-3 6-1 in the final. Former US Tennis Association head David Haggerty was elected president of the
International Tennis Federation to succeed outgoing ITF president Francesco Ricci Bitti. Indias Divij Sharan and Saketh
Myneni won their first title together this season when Malek Jaziri and Denis Molchanov opted out of the final, down a
match point, in the ATP Izmir Cup, in Izmir (Turkey) on September 27. World No.1 Novak Djokovic rolled to a 6-4, 6-2
win over Frances Jo-Wilfried Tsonga in the final of the Shanghai Masters hard-court tennis tournament in Shanghai on
October 18.
TABLE TENNIS: Chinas Fan Zhendong won the gold medal in Mens Singles at the Asian Table Tennis
Championships (ATTC) in Pattaya, Thailand in October. China also pocketed gold in mens team, womens team, mixed
doubles, mens doubles and womens singles. Kim Hye Song and Ri Mi Gyong from North Korea won the Womens
Doubles title. Chinas Fan Zhendong and Xu Xin claimed the Mens Doubles title. Chinas Zhu Yuling won the
Womens Singles title. India finished seventh in Mens team event.
ATHLETICS: Kenyas athletes Eliud Kipchoge and Gladys Cherono won the 42nd Berlin Marathon on September 28.
Eliud Kipchoge crossed the finish line in 2:04:01 to beat his personal best, while Gladys Cherono won the womens
competition in 2:19:25. A total of 41,224 runners from 127 countries and regions participated.
SQUASH: Saurav Ghosal beat top seed Marwan Elshorbagy of Egypt 11-7, 11-2, 11-7 in the final to clinch the JSW
Indian Squash Circuit Kolkata International in Kolkata on September 27.
RALLY: Experienced driver Raj Singh Rathore and his co-driver Amber Udasi clinched the top prize in the 17th edition
of the Raid de Himalaya, the worlds highest altitude motorsports rally, by drivng his Polaris across the finish line first in
the Xtreme Four-Wheeler category at Srinagar on October 17. Bengalurus Arvind K.P. was crowned champion in the
Xtreme Two-Wheeler category. This year, the cross country endurance rally saw 167 participants travelling 1,920 km
over six days. The off-roading event started in Shimla on October 9 with night halts at Manali, Dalhousie, Srinagar and
Rangdum. In the Adventure category, meant for driving enthusiasts, the top slot was bagged by Jagmeet Gill with
navigator Chandan Sen.
F1: Lewis Hamilton blazed to victory at the Japanese Grand Prix ahead of Mercedes team mate Nico Rosberg at Suzuka
(Japan) on September 27 while Ferrari driver Sebastian Vettel was third.
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October 2015-Issue-II
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ISROs GSAT-6 and GSAT-6A satellites. Devas, in turn, was to pay Antrix a total of USD 300 million over 12 years. In
its findings, the tribunal had noted that Antrix had no legal justification for terminating the agreement.
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them to DMFs in case of mining leases executed before January 12, 2015 and 10 per cent of the royalty where mining
leases are granted after this date.
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Business Biography
Ralph Lauren: Fashion Moghul
The American clothing designer is best known for his sportswear line, Polo Ralph Lauren, which is the
centerpiece of his fashion empire
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Bloomberg Markets Most Influential List: Prime Minister Narendra Modi is ranked 13th among the worlds
top 50 people in the fifth edition of the Bloomberg Markets Most Influential list. This is an annual ranking of the most
popular politicians, economists, bankers, tech-executives, entrepreneurs, venture capitalists and money managers. While
US Federal Reserve Chair Janet Yellen tops the Bloomberg list, Chinese President Xi Jinping is on the second spot.
Apple CEO Tim Cook is ranked third. The only other Indian on the list of 50 people is 41-year-old Ruchir Sharma (50),
who heads emerging markets and global macros at Morgan Stanley Investment Management and is well known for his
book Breakout Nations: In Pursuit Of The Next Economic Miracles.
Forbes India Rich List: Mukesh Ambani remains Indias richest person for the ninth consecutive year with a net
worth of USD 18.9 billion, according to the latest Forbes India Rich List released at the end of September. The top 10
richest in India are: 1) Mukesh Ambani; USD 18.9 billion 2) Dilip Shanghvi; USD 18 billion 3) Azim Premji; USD 15.9
billion 4) Hinduja brothers; USD 14.8 billion 5) Pallonji Mistry; USD 14.7 billion 6) Shiv Nadar; USD 12.9 billion 7)
Godrej family; USD 11.4 billion 8) Lakshmi Mittal; USD 11.2 billion 9) Cyrus Poonawalla; USD 7.9 billion 10) Kumar
Birla; USD 7.8 billion. This list was compiled using shareholding and financial information obtained from the families
and individuals, stock exchanges, analysts and Indias regulatory agencies.
Forbes 50 richest families in Asia: As many as 14 Indian families have made it to the inaugural list of Forbes 50
richest families in Asia, led by the Ambanis, who were ranked third on the list with a net worth of USD 21.5 billion.
Other Indian families in the list include Dabur Indias Burmans, Cadila Healthcares Patels, Eicher Groups Lals, Shree
Cements Bangur family and Ciplas Hamieds. The overall list was topped by Lee family of Samsung Group, whose
2014 revenues were equivalent to 22 per cent of South Koreas GDP. While few dominate to such an extent, many
business dynasties hold wide regional sway with their sprawling, cross-border empires, Forbes said.
Fortunes 40 under 40 list: As many as five Indians have featured in this years Fortune 40 under 40 list, an
annual ranking of the most influential young people in the world of business. The five Indians in the coveted list include
Dhivya Surayadevera (CEO of GM Asset Management), Vas Narasimhan (research head at Novartis), Anand
Swaminathan (head of Accenture Digital), Apoorva Mehta (CEO of Instacart) and Reshma Saujani (founder of Girls
Who Code). The Fortunes 40 under 40 list for this year was topped by Adam Neuman, Co-founder and CEO, WeWork,
followed by Teslas JB Straubel and Ryan Graves, SVP of Global Operations, Uber at the second and third positions,
respectively. There are tech names here, yes, but also stars in health care, autos, finance, food, real estate, comedy, and
even ultimate fighting, Fortune said, adding that this list is one that, rather than being about money alone, was about
achievements, ambition, and influence.
HAPPENINGS
Uninor rebrands as Telenor: Telecom operator Uninor announced changing its brand name to Telenor, the name
of its parent firm, and spending Rs 100 crore on repositioning itself as the most affordable service provider in India,
even as the company said it will compensate consumers for call drops. It has changed its tag to Ab life full paisa vasool
from Sabse Sasta. The Norway-based firm, Telenor, entered India through a joint venture with Unitech Wireless, which
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was branded as Uninor. Unitech has now completely exited from the operations and in 2014, the Telenor group increased
its stake in the Indian entity to 100 per cent.
Nissan inks 8-year deal with ICC: Carmaker Nissan has entered into an eight-year sponsorship deal with the
International Cricket Council, marking the Japanese carmakers first significant foray into the sport replacing Korean
carmaker Hyundai Motor.
Future Group ties up with Patanjali Ayurved: Kishore Biyani-led retail major Future Group has entered into
a partnership with Baba Ramdev-promoted Patanjali Ayurved to sell the latters FMCG products through its stores.
Patanjalis range of FMCG products, including staples, nutrition, hair care, skin care, dental care and toiletries, will be
sold through Future Groups Big Bazaar, KBs and EasyDay outlets across India.
Infosys bags contract to build GST Network: Infosys has secured the high-profile contract to develop and
operate the technology platform for the proposed goods and services tax (GST), beating the biggest names in Indian IT
and US tech giant Microsoft. The GST IT system will provide a standard interface for the taxpayer including registration,
filing of returns and payment of tax and a common and shared IT infrastructure between the Centre, the states and other
bodies such as the Reserve Bank of India.
WCD Ministry, Vedanta sign MoU for next gen Anganwadis: The Ministry of Women and Child
Development has signed a Memorandum of Understanding (MoU) with Vedanta in September to develop and modernise
4000 Anganwadis in the country. The Anil Agarwal-promoted Vedanta will build the next generation Anganwadi
centres at a cost of Rs. 400 crore in the states of AP, Assam, Chhattisgarh, Jharkhand, MP, Maharashtra, Odisha,
Rajasthan, Telangana and UP among others. The land for the Anganwadis will be provided by the Gram Panchayats.
ITC to spend Rs 250 crore for strengthening rural livelihoods: Diversified group ITC will spend Rs 250
crore this fiscal as part of its social investments for strengthening rural livelihoods. The company will also continue to
add one lakh acres of land under its watershed development and 50,000 acre in its afforestation initiatives each year.
Under the Mission Sunehra Kal, ITC works to strengthen rural livelihoods through its rural retail initiative e-Choupal,
wasteland development through social forestry, soil and moisture conservation programmes, livestock development
initiatives, building skills and social infrastructure.
CNX Nifty to be renamed Nifty 50: India Index Services & Products Limited (IISL), an NSE group company,
has decided to rebrand its flagship CNX Nifty index as Nifty 50 besides renaming all its other existing indices, from
November. The index provider will rebrand all its existing indices to include Nifty in their names as against the name
CNX used currently. Inclusion of Nifty in the name of IISLs indices will enhance the acceptability of products linked
to Nifty family worldwide, NSE managing director and CEO Chitra Ramkrishna said.
Digjam, Holland & Sherry float JV: Textile firm Digjam has formed a 51:49 joint venture with Scotland-based
premium fabric maker Holland and Sherry for distribution of their products. The JV has been named Holland and Sherry
India Pvt Ltd.
PERSONSINNEWS
Shivinder Singh: Fortis Healthcare Executive Vice-Chairman Shivinder Mohan Singh (40) is stepping down from his
position to join a philosophical and spiritual organisation Radha Soami Satsang Beas headquartered near Amritsar. Singh
founded Fortis Healthcare with his elder brother Malvinder Mohan Singh in late 1990s. The brothers sold their stake in
Ranbaxy to Japanese drug major Daiichi Sankyo in 2008. Singh is also one of the principal promoters of Religare
Enterprises Ltd, Super Religare Laboratories Ltd and Religare Technologies Ltd.
APPOINTMENTS I: P S Jayakumar, the former chief executive of VBHC Value Homes, on October 13, 2015
took charge as the new MD and CEO of the state-owned Bank of Baroda for three years. Rajiv Lall took charge as the
MD & CEO of IDFC Bank with effect from October 1, 2015. K.M. Singh was appointed as the Chairman & Managing
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Director of state-run power producer NHPC in September. Amuls Managing Director R. S. Sodhi has been given an
extension for another five years following a board meeting of Gujarat Cooperative Milk Marketing Federation
(GCMMF), which owns Amul brand, announced GCMMF Chairman Jethabhai P Patel recently. A K Pujari assumed
charge as the CMD of steel giant Steel Authority of India Ltd (SAIL) from October.
APPOINTMENTS II: Porsche, the luxury sports car division of German auto giant Volkswagen has named
Oliver Blume as its new chief executive replacing Matthias Mueller, who has been made head of the entire VW group.
John T. Chambers, Executive Chairman of Cisco, has been elected as the new chairman of the US India Business
Council (USIBC), the apex advocacy group for India and American companies in the US, replacing Ajay Banga, CEO of
MasterCard. Micro blogging site Twitters co-founder and interim chief executive officer Jack Dorsey has become
permanent CEO of Twitter and online payment services firm Square.
BRAND AMBASSADORS: Oxigen ropes in Sachin Tendulkar as its brand ambassador: Digital payment solution
firm Oxigen Services, founded by Pramod Saxena, signed up Indias legendary batsman Sachin Tendulkar as its brand
ambassador in September. Actress Athiya Shetty has joined 2 States star Alia Bhatt as the brand ambassador of
cosmetic brand Maybelline New York. Switchgear products and fan maker Standard, a part of Havells India, has roped
in Bollywood actress Alia Bhatt as its brand ambassador for its range of products. Music composer A. R. Rahman has
been named the Cultural Ambassador for Seychelles by the tourism ministry of the Indian Ocean island nation. LIVA,
from the Aditya Birla Group, unveiled its latest campaign with brand ambassador, Kangana Ranaut in October.
RETIREMENTS/RESIGNATIONS: HSBC India has announced the retirement of its Chairperson Naina Lal
Kidwai after a 13-year stint with the financial institution. DuPont Chief Executive Officer Ellen Kullman (59), who
joined the company more than 27 years ago and has been its CEO since 2009, announced resignation in October. IGATE
CEO Ashok Vemuri has resigned after three months of the US-based BPO firm being acquired by Capgemini.
Gajanan Pendharkar, among the first to promote the idea of sponsoring television shows in India, through which
he took ayurvedic cosmetics and Vicco to the global level, died in Mumbai on October 8. Chairman of Vicco
Laboratories, the 81-year-old was engaged in the companys day-to-day activities till three months before his death.
LAUNCHES
Qute: Bajaj Auto has started exporting its much-delayed quadricycle, christened as Qute, across various global markets
by the end of September 2015 even as it awaits Supreme Court verdict to introduce it in the domestic market. The fourwheeler mini passenger vehicle has a fuel efficiency of 36 km per litre. It can reach a top speed of up to 70 km per hour.
Bajaj Auto claimed Qute, which would be used as an intra-city vehicle, is the first Indian made quadricycle to meet the
stringent European norms. Bajaj Auto had showcased the RE60 in 2012 as a mini four-wheeler powered by a 200-cc
rear-mounted petrol engine for intra-city urban transport targeting three wheeler customers.
Humrahi, Humsafar: Lohia Auto Industries has announced its entry into southern India with the launch of its range
of electric-scooters, e-rickshaws and diesel three-wheelers. The Lohia vehicle range includes three e-scooters (OMA Star,
OMA Star DX and Genius), electric rickshaw Humrahi and diesel three-wheeler Humsafar. Lohia Autos vehicles are
manufactured at a plant in Kashipur, Uttarakhand.
Avanti, Urbano, Ecopia: Car designer Dilip Chhabria launched Indias first sports car, the DC Avanti which has a
top speed of 200 km/hr), in September priced at between Rs. 2.5-3.5 million. Maruti Suzuki has launched a special
limited edition of the Alto K10 called the Alto K10 Urbano. Rubber and tyre company Bridgestone India launched its
tried and tested fuel-efficient Ecopia series of tyres in the country in October.
Two-Wheelers: TVS Motor Company launched TVS Sport claiming to deliver mileage of 95 km/litre because of its
DuraLife Engine. Two-wheeler major Hero MotoCorp has unveiled two 110 cc scooters, Maestro Edge and Duet,
completely developed in-house with its own technology.
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Gadgets 360: NDTV Group unveiled the first look of its e-commerce portal, Gadgets 360, at the 5th Gadget Guru
Awards in September. Gadgets 360 will curate a marketplace for exclusive launches of mobile phones and other
electronic gadgets. Gadgets 360 will curate a marketplace for exclusive launches of mobile phones and other electronic
gadgets.
Surface Book: Microsoft unveiled a slew of new products in October, including new smartphones and a Surface
Book, as the technology giant takes global rivals Apple and Google head-on. Microsoft also unveiled two connected
devices -- HoloLens and Microsoft Band. All devices are based on the new Windows 10 operating system. The Surface
Book will compete with Apples MacBook and Googles Chromebook.
Gadgets: South Korean electronics giant Samsung Electronics in collaboration with American virtual reality
technology company Oculus launched at a price of $99 its first consumer Gear VR wearables device that changes 2D
content to 3D in September. Chinese handset-maker Lenovo has launched its new smartphone - Vibe Shot - which it
claims will transform the photography experience of users, at a price of Rs.25499. Miami-headquartered affordable
handset-maker BLU (Bold Like Us) entered the India market with the launch of two Windows-based smartphones - BLU
Win HD LTE and BLU Win JR LTE - priced at Rs.7,999 and Rs.5,999 respectively. Foraying into the laptop segment,
Micromax introduced its Canvas Lapbook priced at Rs 13,999 in October. Tablet-maker Swipe Technologies launched
a new 4G tablet named Ace Strike with 2GB RAM at a price of Rs.6,999 in October.
Others: Dabur India has launched a range of professional salon facial products under the Oxlife brand for men and
women, which marks its foray in the male professional grooming market in September. Louis Philippe, the premium
menswear brand of Aditya Birla Group-owned Madura Fashion and Lifestyle which also owns Allen Solly, Van Heusen
and Peter England, is set to launch its range of watches under Louis Philippe Time brand. Godrej Security Solutions has
launched Goldilocks, a product designed and developed in-house by the security solutions major as My Everyday
Locker. Diversified PSU Andrew Yule opened its first tea lounge in Kolkata in October and will roll out more outlets
pan-India depending upon the response.
Activities: Online travel services provider Cleartrip has recently launched a new vertical titled Activities. Available on
the Cleartrip mobile app across iOS, Android and Windows, Activities is a set of 3,500 handpicked collection of
experiences and things to do in 35 cities pan-India, like Segway tours, go-karting, yachting, night treks, photography
trails, culinary classes, food walks and so on. The experiences are priced between Rs. 200 and Rs. 3,000.
Juggernaut, a new publishing firm, has been launched by former Penguin Random House India publisher Chiki
Sarkar with Durga Raghunath, CEO of Firstpost to give reimagine books for the mobile and give authors both a digital
and a physical platform.
SpiceMudra: Spice Digital, a subsidiary of Spice Connect, has launched its prepaid payment wallet SpiceMudra to
focus on domestic remittances and enterprise payments. SpiceMudra will facilitate domestic money transfers and all
kinds of utility services payments like bill payments, recharge and ticketing services among others.
La Femme: Fortis has launched La Femme, a boutique hospital for women offering a holistic range of medical
services catering to all stages of a womans life in Bengaluru. Fortis La Femme aims to offer top-notch clinical care,
state-of-the-art facilities and infrastructure and trained and experienced staff in a warm and nurturing environment.
GoStays: Travel company Goibibo has launched a platform GoStays to facilitate booking budget accommodations
through its mobile apps in 72 cities. ibibo Group Founder and CEO is Ashish Kashyap. The ibibo Group comprises of
various travel portals such as hotels aggregator and air platform Goibibo.Com, online bus ticketing platform redBus.In,
vehicle tracking application YourBus and recently launched car sharing app, ibibo Ryde. South Africa-based Naspers is
the principal owner in the ibibo Group.
QuickrJobs: Cross-category online classified business Quikr has announced its entry into the job search vertical with
QuikrJobs that will focus on blue collar, grey collar and entry level jobs across India. Quikrs latest vertical follows the
www.endeavorcareers.com
October 2015-Issue-II
THE GENESIS
25
launch of QuikrCars and QuikrHomes. Historically those in low salary brackets have not been targeted by the digital
industry but increase in internet penetration across India is an opportunity to change this equation, Quicker Founder and
Chief Executive Pranay Chulet said.
mVisa: Private sector lender ICICI Bank has launched a mobile-payment solution based on mVisa that will allow its
customers pay for services using their smartphones.
Shiva: Enthused by the response to its locally created properties, Viacom18-owned kids channel Nickelodeon India is
scaling its local content by creating its third home-grown animated character Shiva. The company had earlier created
properties such as Motu Patlu and Pakdam Pakdai. Shiva is the story of the nine-year-old boy who stays in Vedas city
with his Nana & Nani. Every story in the show starts with an incident that threatens Vedas City.
Tresca: Arvind Limited disclosed plans to put its premium fabric brand Tresca on a fast growth track. Tresca will be
introducing two new fabrics Immaculate and Tencel. The newly launched Immaculate is the worlds first Non-Iron
fabric with a rating of 4DP while Tencel is a blend of Cotton & Tencel, and is 100 Percent natural.
MERGERS&ACQUISITIONS
Dell to acquire EMC Corporation: In one of the mega acquisitions in the global IT space, PC maker Dell Inc.
will acquire EMC Corporation for about $67 billion to create the worlds largest privately-controlled, integrated
technology company. Under the definitive agreement, Dell along with its owners -- Founder & Chairman Michael S
Dell MSD Partners and Silver Lake, the global leader in technology investing -- will acquire EMC Corporation. The deal
combines EMCs leadership in digital storage with Dells expertise in the servers market that businesses use for
computing tasks. With EMC in tow, Dell would look at expanding its product lineup in high-end data storage equipment
as it competes with the likes of Hewlett-Packard Co and others.
Anheuser Busch InBev to acquire SABMiller: Worlds biggest beer makers agree to join forces: The worlds
top two beer makers agreed in October to join forces to create a company that would control nearly a third of the global
market and threaten to dominate the US by bringing together Budweiser and Miller Genuine Draft. After turning down
five offers, British-based brewer SABMiller accepted in principle an improved takeover bid worth 69 billion pounds
(USD 106 billion) from Anheuser Busch InBev, which along with Budweiser makes Corona, Stella Artois and Becks.
Aside from the Miller beers, SABMiller owns Peroni, Grolsch and Milwaukees Best among its 200 or so brands.
SABMillers two biggest shareholders, Marlboro owner Altria and Colombias BevCo would get both cash and shares for
their combined 41 percent stake.
Cox & Kings acquires LateRooms: Travel services provider Cox & Kings acquired UK-based online hotel
booking specialist LateRooms for 8.5 million pounds (about Rs 85 crore) from TUI Group in October. We are confident
that bringing the LateRooms brand and technology into the fold will provide a significant boost to Cox & Kings growth
trajectory and technology capabilities, Cox & Kings Director Peter Kerkar said. The group also expects to drive
synergies and value from LateRooms association with Cox & Kings arm SuperBreak Mini-Holidays, a short-break
packaged holiday specialist in the UK.
Practo acquires Qikwell: Healthcare startup Practo acquired Qikwell, a company that facilitates appointment
scheduling at hospitals in September. Shashank ND is Practo founder and CEO. This was its fourth acquisition in 2015.
Earlier Practo bought Fitho (digital fitness solution), followed by Genii in and Insta Health. Launched in 2011 by,
Qikwell today has over 100 employees and offers hospital appointment scheduling for 250 hospitals in 19 cities.
Ballarpur set to exit venture in Malaysia: Ballarpur Paper Holdings BV, a subsidiary of Ballarpur Industries,
will sell its entire 98.08 per cent stake in Malaysian entity Sabah Forest Industries (SFI) for $500 million (about Rs 3,307
crore). The Avantha group company said the deal completion is expected to take place within three months from the date
of signing.
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October 2015-Issue-II
THE GENESIS
26
Cyber Buzz
France approves right to be forgotten:
Frances data protection watchdog has rejected an appeal
by Google against a decision ordering the Internet giant
to comply with
users requests to
have information
about
them
removed from all
search
results.
Since a European
Court of Justice
ruling in May
2014 recognising
the right to be forgotten on the net, Google users can
ask the search engine to remove results about them that
are no longer relevant. However, Google ran into trouble
in France over the fact that while it removes these
references from its results in searches made in Google.Fr
or other European extensions, it refuses to do so on
Google.Com and elsewhere. This strips away the
effectiveness of this law, and varies the rights granted to
persons according to the Internet user who consults the
search engine, rather than the person concerned, said the
data watchdog CNIL. In France the US giant was fined
150,000 euros in 2014 for failing to comply with CNIL
privacy guidelines for personal data.
October 2015-Issue-II
THE GENESIS
27
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200newspeciesfoundinHimalayas
A snub-nosed monkey that sneezes when it rains, a
walking fish and a jewel-like snake are among more than
200 new species discovered in the fragile eastern
Himalayas, according to a new report by WWF released
in Thimpu in October.
A report on wildlife in Nepal, Bhutan, the far north of
Myanmar, southern Tibet and north-eastern India by The
World Wildlife Fund said that discoveries in the past five
years including 133 plants, 26 species of fish, 10 new
amphibians, one reptile, one bird and one mammal. Some
of the most striking discoveries include a vibrant blue
dwarf walking snakehead fish, which can breathe
atmospheric air and survive on land for up to four days,
although moving in a manner much clumsier than a
slithering snake.
The report details an unfortunate monkey whose upturned
nose leads to a sneeze every time the rain falls. The snubnosed monkey - or Snubby as they nicknamed the
species - from locals in the remote forests of northern
Myanmar, who said it was easy to find when it was
raining because it often got rainwater in its upturned nose,
causing it to sneeze. To avoid the problem, snubby spend
rainy days sitting with their heads tucked between their
knees.
These discoveries show that there is still a huge amount
to learn about the species that share our world. WWF said
the discovery of 211 new species from one of the most
biologically rich regions of the world is a celebration of
the amazing gift of nature. With discovery, comes the
important responsibility to continue protecting and caring
for these precious gift that this world has been blessed
with.
WWF is supporting countries in the region to develop
green economies that value nature and the services it
provides to millions of people living in the fragile Eastern
Himalayas.
October 2015-Issue-II
THE GENESIS
28
Group Discussion
It is unfair to blame telecom companies for call drops
With nearly a billion mobile phone subscribers, India is among the worlds largest telecom markets. But statistics are merely a marker
of the size of the market; they dont say much about the qualitative aspects. Today, call drops have become a routine affair. Bad
service quality and consumer dissatisfaction have finally pushed TRAI, to make it mandatory for telecom operators to compensate
consumers Rs. 1 for call drops with effect from January 1.
FOR
Telecom operators have rightly blamed civic authorities
for holding back the required expansion of infrastructure.
The nub of the problem is inadequate spectrum a telco
in India has 12 MHz of spectrum compared to the global
average of 40 MHz, which means they get less spectral
efficiency and need more towers. Even though the Centre
recently approved a spectrum-sharing policy, the rules are
too constrictive to bring change. The lions share of
spectrum is hogged by defence and government agencies.
If the government really wanted to ease the situation,
which would have solved the problems of dropped calls
and slow data transfer, it should have made more
spectrum available. The problem has been that when it
comes to auctioning spectrum, the government has not
been guided by the need to decongest networks, but
instead by revenue possibilities. For instance, the armed
forces had vacated 15 MHz of spectrum, yet the
government auctioned only 5 MHz in February. If the
entire lot had been auctioned then, congestion would have
eased to a large extent - but it would have brought down
the governments revenue.
Apart from inadequate spectrum, the other factor that has
worsened the quality of telecom services is the inability of
service operators to put up towers. Thanks to fears of
harmful radiation - which have been disputed by most
scientists and by public health authorities such as the
American Cancer Society - some people are reluctant to
let towers come up in their neighbourhood. As a result,
service operators find it very difficult to install towers.
There have also been protests against the installation of
telecom towers in residential areas as many feel that they
emit harmful rays which could be damaging to the health.
Telecom companies allege that municipal bodies and
resident welfare associations are not only forcing them to
dismantle existing towers but are also refusing permission
to install new ones. Civic authorities have forced about
10,000 towers to shut down across major cities. The lack
of a uniform national policy on the setting up of these
towers is a major problem.
www.endeavorcareers.com
October 2015-Issue-II
THE GENESIS
29
ACROSS
43. Former Portuguese territory in India (3)
44. East Anglican city (3)
45. Psychological complex (7)
46.City in Maharashtra (5)
DOWN
DOWN
19. Pass oneself off as (11)
21. Ms Balan of Kahaanifame (5)
22. J in J & K? (5)
23. Make so _as to: presume or venture to? (4)
25. Concerning, in legal terms rein anagram? (2, 2)
27. Greed, overindulgence or rapacity (8)
29. Vijay, Anand or Ashok of Indian tennis (8)
30. ____ Pradesh: North Indian state (8)
33. Gilbert and Sullivans emperor (6)
34. Considered (6)
37. Alice anagram for a girls name? (5)
39. A _of the old block: like father, like son? (4)
40. Floor coverings (4)
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October 2015-Issue-II
THE GENESIS
30
Do you remember?
(All questions based on content of previous issue; Answers on page No: 31)
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
23.
24.
25.
26.
27.
28.
29.
30.
31.
32.
33.
34.
35.
36.
37.
38.
39.
40.
41.
42.
October 2015-Issue-II
THE GENESIS
31
44.
45.
46.
47.
48.
49.
50.
51.
52.
53.
became
famous
for
their
______
(Paintings/Inventions/Novels/Music).
Which movie bagged the coveted Golden Lion award
for the Best Film at the 72nd Venice Film Festival in
September?
Which Cup is given to the winners of Best Actor and
Best Actress awards at the Venice Film Festival?
Which neighbouring countrys Prime Minister was
given Champions of the Earth award by UNEPin
New York in September?
Which author, known for best-selling novels such as
Hollywood Wives and The Stud, died Los Angeles
on September 19 at the age of 77?
Who is the new Prime Minister of Australia and which
is the party in power there?
Which former ICC World Cup winner will not feature
in the 8-team 2017 ICC Champions Trophy in 2017?
Who is the new President of Cricket Association of
Bengal (CAB)?
Who was elected as the new President of Board of
Control for Cricket in India (BCCI) in October?
Prashanta Sinha passed away on September 22 at the
age of 77. He was a member of Indias gold medal
winning team at the Asian Games in which sport?
Who defeated hosts India 3-1 in the Davis Cup World
Group Play-off tie in New Delhi in September?
56.
57.
58.
59.
60.
61.
62.
63.
64.
65.
66.
McDonald
Neutrino, neutrinos
Tomas Lindahl, Paul Modrich
and Aziz Sancar
DNA
William C. Campbell, Satoshi
mura and Youyou Tu
Malaria
Svetlana Alexievich of Belarus
Tunisia
Physics, Chemistry, Economics
Physiology/Medicine
Peace
Shyama Prasad Mookerjee
Gujarat
Station Habibganj, (MP)
Gwalior (MP)
Rann Utsav, Gujarat
Tamil Nadu
Bastar (Chhattisgarh)
Mathrubhumi
Bombay Samachar
Prof Mahesh Rangarajan
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22.
23.
24.
25.
26.
27.
28.
29.
30.
31.
32.
33.
34.
35.
36.
37.
38.
39.
40.
41.
42.
43.
44.
Mata Amritanandmayi
Hun Sen, Phnom Penh
Vientiane
AUSINDEX-15
Deutsche Welle (DW)
Jawhar Sircar
Alexander Lukashenko, Minsk
Konkan
Karwar
Gujarat
Godavari and Krishna
Ahmed Javed
World Bank
Bhopal, Mauritius
Integrated Power Development
Scheme
Bodh Gaya
Nepal
Mogens Lykketoft
Switzerland
Peoples Action Party (PAP)
Fred DeLuca
Novels
From Afar
October 2015-Issue-II
Prime Minister
Sheikh Hasina
Jackie Collins
Malcolm Turnbull, Liberal Party
West Indies
Saurav Ganguly
Shashank Manohar
Football
Czech Republic
Belgium and Britain
Ajay Jayaram
Yonex
Argentina followed by Belgium,
India 155th
Olympic Council of Asia
Durban
Gold Coast
Levon Aronian of Armenia
Indian Air Force (IAF)
Ferraris Sebastian Vettel
Pankaj Advani
Peter Buck
Astrosat
THE GENESIS
32
b) Drew Houston
c) Alan Mamedi
d) Reid Hoffman
8. Which kids channel has introduced its third Indian
character Shiva after Motu Patlu and Pakdam Pakdai?
a) Pogo
b) Cartoon Network
c) Nickelodeon
d) Hungama
9. Who among the following is the co-founder of
Truecaller app?
a) Jack Dorsey
b) Drew Houston
c) Alan Mamedi
d) Reid Hoffman
10. Which Indian gadgets company has launched a new
4G tablet named Ace Strike with 2GB RAM at a price of
Rs.6999?
a) Lava
b) Spice
c) Karbonn
d) Swipe
11. Who among the following celebrities was named as
its Cultural Ambassador by Indian Ocean island nation
Seychelles?
a) Aditya Chopra
b) Karan Johar
c) A. R. Rahman
d) Shah Rukh Khan
12. Which of the following has launched augmented
reality goggles HoloLens?
a) Microsoft
b) Apple
c) Google
d) IBM
13. Which of the following has launched Goldilocks, a
product designed and developed in-house by the security
solutions company?
a) Larsen and Toubro
b) Godrej Security Solutions
c) Bharat Forge
d) Tata Advanced Systems
October 2015-Issue-II
THE GENESIS
33
a) Balmer Lawrie
b) Burns & Co
c) Andrew Yule & Co
d) Hindustan Dorr Oliver
22. Which of the following has launched its Ecopia range
of tyres in India in October?
a) Pirelli
b) Michelin
c) Continental
d) Bridgestone
23. Which social networking portal has released a new
tool Signalto help journalists find, organise and publish
content found on its network in October?
a) Twitter
b) Instagram
c) Google+
d) Facebook
24. As many as five Indians have featured in this years
Fortune 40 under 40 list, an annual ranking of the most
influential young people in the world of business. Mark
the wrong pair of persons and their organisations?
a) Dhivya Surayadevera Girls Who Code
b) Vas Narasimhan Novartis
c) Anand Swaminathan Accenture
d) Apoorva Mehta Instacart
25. Who has launched a new class of vehicles called
Quadricycles under the brand Qute and has started
exports even though it is yet to receive government
approval for sales in India?
a) Mahindra & Mahindra
b) Tata Motors
c) Bajaj Auto
d) Lohia Auto Industries
26. Who launched its electric rickshaw Humrahi and
diesel three-wheeler Humsafar in Southern markets in
October?
a) Mahindra & Mahindra
b) Tata Motors
c) Bajaj Auto
d) Lohia Auto Industries
27. Which of the following cashless payment services has
signed Sachin Tendulkar as its brand ambassadors in
September?
a) Paytm
b) BillDesk
c) PaySmart
October 2015-Issue-II
THE GENESIS
34
October 2015-Issue-II
THE GENESIS
35
b) Maybelline
c) Revlon
d) Matrix
Point-Counterpoint
Gangadhar Hansdah,
Sahitya Akademi Board
Member,
Gulzar, noted lyricist & Dadasaheb
Phalke awardee
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October 2015-Issue-II
THE GENESIS
36
Answer Key
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
28.
29.
30.
31.
32.
33.
34.
35.
36.
37.
38.
39.
40.
41.
42.
43.
44.
45.
46.
47.
48.
49.
50.
Sudoku(Solution below)
I
II
Solutions
CROSSWORD
SUDOKU I
SUDOKU II
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October 2015-Issue-II
THE GENESIS