CURRENT AFFAIRS

this

week
RAMTEJ BOLISETTY

ECLECTICS

PALLE SHANKARANANDA REDDY

DIDI CHUXING
Didi Chuxing - Chinese cab aggregator.
Present in 400 cities.
It had 80-85% of market share.
Valued at $27bn.
Didi Dache + Kuadi Dache = Didi Chuxing .
INVESTORS: Alibaba, Apple, SoftBank, Tencent Holdings.

UBER CHINA
Started operations in 2015
$8bn company
Present in 40 cities

BLEEDING GREEN
Uber and Didi in an intensive price war
Uber lost around $1bn in 2015

MERGER:
$35bn valued company
Uber gets 17% stake in the company
Didi would invest $1bn in Uber

QUESTIONS TO ASK?!
Didi created an Anti-Uber alliance by investing in
Ubers rival companies in India, South East Asia and
America
Invested $1bn in Ola
WHAT IS THE FUTURE OF OLA-DIDI ALLIANCE?
DOES INDIA BECOME A CRITICAL MARKET FOR
UBER?
WHY DO AMERICAN COMPANIES FAIL IN CHINA?

ADDITIONAL READINGS:
Days after buying Ubers China business, Didi is
backing Ubers fiercest rival in Southeast Asia
http://qz.com/749115/days-after-buying-ubers-china-busines
s-didi-is-backing-ubers-fiercest-rival-in-southeast-asia/
Why Western Companies Fail In China
[Infographic]
http://www.confessionsoftheprofessions.com/why-westerncompanies-fail-in-china-infographic/
This is why Uber failed in China
http://www.businessinsider.in/This-is-why-Uber-failed-inChina/articleshow/53512861.cms

INDIAN WORKERS FACE FOOD

CRISIS

Nearly 10,000 labourers jobless.

Unpaid wages for months.
Live in pathetic conditions without any basic amenities
such as food, and electricity.
Mostly construction workers.
Do not have passports to return back.
Gen. VK Singh flies to Jeddah to monitor situation.
Indian consulate in Jeddah taking care of Indian workers

TWO INDIANS AMONG MAGSASAY

AWARD WINNERS
Bezwada Wilson, National convener of the Safai
Karmachari Andolan.
Tireless efforts to eradicate manual scavenging in India.
TM Krishna, Carnatic music
Making classical music more inclusive

ADDITIONAL READINGS
How Bezwada Wilson Liberated Lakhs Of Manual
Scavengers In India
http://www.huffingtonpost.in/2016/07/27/how-bezawada-w
ilson-liberated-lakhs-of-manual-scavengers/
It's time Magsaysay Awardee TM Krishna changes
the Brahminical system of Carnatic music
http://www.firstpost.com/bollywood/its-time-magsaysayawardee-tm-krishna-changes-the-brahminical-system-ofcarnatic-music-2929932.html

BILLS PASSED
1. Indian Medical Council(Amendment Bill),
2016
. Uniform Entrance Exam to all Medical
institutions in UG and PG
. Applicable for both State and Central
Governments
. Through a common entrance test NEET
. Apex body: Medical Council of India

BILLS PASSED
2. Child Labour(Prohibition and Regulation)
Amendment Bill,
2016
Complete ban on children employment below 14
years, except those run by family
Adolescents aged between 14 and 18 are
banned from hazardous activities
Mines, inflammable substances and hazardous
process
Rehabilitation fund

GREEN BONDS
Chinas green bond market booms with more clarity
in policy
NTPC raises Rs 2,000 crore via green masala bonds
Green bonds the new black in the market as
environmental financing surges
Green bonds can finance the future

WHAT?

Green bond is a fixed income instrument for the

purpose of raising debt capital through markets. It
certifies that the proceeds will be used exclusively for
specific green purposes.
Certification: International Capital Market
Association

Green bonds
Benefits:
Issuers reputation
Access to investors
Tap foreign investors
India?
Requires $200 Billion to generate 175 GW of renewable
energy capacity by 2022

Green bonds
For investor?
Carries lower risk
Repayment is tied to the issuer, not the success of the
projects


Thank You!
Always open to feedbacks!