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You are here: Home / Archives for Business & Technology

Amazon-exclusive Samsung Galaxy ‘M’ series in India on Jan 28

January 14, 2019 by Nasheman

[Nasheman news] Gurugram Samsung India on Monday said it will launch the Galaxy ‘M’ series on January 28 that will be available on Amazon.in from March 5.

India will be the first country to launch the new series smartphones, the company said in a statement.

The ‘M’ series will also be available on Samsung’s online store.

The new range comes with powerful display, camera, battery and a processor — helping the devices deliver power-packed performance for millennials.

Filed Under: Business & Technology

Heavy Facebook users make risky decisions like drug addicts: Study

January 11, 2019 by Nasheman

Nasheman News :Excessive use of social media platforms like Facebook can make its users take decisions as bad as drug addicts tend to do, a new study suggests.

“Around one-third of humans on the planet are using social media, and some of these people are displaying maladaptive, excessive use of these sites,” said lead author of the study Dar Meshi, Assistant Professor at Michigan State University in the US. 

“I believe that social media has tremendous benefits for individuals, but there’s also a dark side when people can’t pull themselves away. We need to better understand this drive so we can determine if excessive social media use should be considered an addiction,” Meshi added. 

For the study, published in the Journal of Behavior Addictions, the researchers had 71 participants take a survey that measured their psychological dependence on Facebook, similar to addiction. 

Questions on the survey asked about users’ preoccupation with the platform, their feelings when unable to use it, attempts to quit and the impact that Facebook has had on their job or studies.

The researchers then had the participants do the Iowa Gambling Task, a common exercise used by psychologists to measure decision-making. 

To successfully complete the task, users identify outcome patterns in decks of cards to choose the best possible deck.

Meshi and his colleagues found that by the end of the gambling task, the worse people performed by choosing from bad decks, the more excessive their social media use. 

The better they did in the task, the less their social media use. 

People who abuse opioids, cocaine, methamphetamine, among others – have similar outcomes on the Iowa Gambling Task, thus showing the same deficiency in decision-making, the study said.

Filed Under: Business & Technology

BLR AIRPORT SET FOR MASSIVE EXPANSION

January 11, 2019 by Nasheman

By : Faizan Rizwan

BIAL to invest over Rs 13,000 crore for development of the Airport, including T2, NSPR and associated infrastructure

The Kempegowda International Airport, Bengaluru – BLR Airport – is all set to get bigger and better. India’s aviation growth has been unprecedented; Bengaluru has been setting the pace and has emerged as one of the fastest growing aviation markets in the world. Announcing one of the largest infrastructure projects in the Country, BIAL is set to undertake a massive Rs. 13000 crore capital programme to cater to the demands of a civil aviation market that has been growing at a blistering pace of 25% YoY for the last 3 years. The current capital development programme includes a new terminal, a second runway, massive expansion to the access roads and internal road infrastructure, utilities as well as a new multi-modal transport hub.

Commenting on the ongoing projects, Mr. Hari Marar, MD & CEO, BIAL, said: “The second terminal – T2 – is our dedication to this beautiful city of Bengaluru. Designed as a reflection of this City, T2 will be founded on 4 pillars: technological leadership, being a terminal in a garden, environmental and ecological stewardship and a celebration of Karnataka’s rich heritage and culture. Of course, it goes without saying that all this will be centredon the most important element – the needs of our customers. BIAL worked with some of the finest global minds on the design and planning of this Terminal. While T2 is designed to be an iconic terminal – one that Bengaluru can truly be proud of – it will be built at the most affordable cost and in the most responsible manner. The Terminal will be world-class in all respects – starting from its design, the processes, the people who manage it, the sustainable practices it embraces and the performance it achieves.”

“Over the last ten years, BLR Airport has evolved as the Gateway to South India and with this next phase of expansion, the aim is to position our Airport as the Gateway to a New India. Once ready, the Airport will offer passengers seamless and delightful experiences, powered by cutting-edge technology,” Mr. Marar added.

During this construction phase, BIAL’s Teams will put various processes in place and work closely with multiple stakeholders to ensure minimal impact on the passenger experience. BIAL will also undertake a slew of measures to continuously cater to the requirements of growth for the period of development of the new infrastructure.

Mr. Bhaskar Anand Rao, Chief Financial Officer, BIAL, said the project would be a boost to the economy. “Phase 2 of Kempegowda International Airport, Bengaluru will provide a huge boost to the connectivity of people and goods of the State and provide the much needed capacity that a growing city like Bengaluru richly deserves. Once operational, the Airport will create more opportunities for businesses at the Airport and fuel the economic growth of the region and Country. Our aim has been to ensure that not only should we deliver an iconic asset of which the people can be truly proud, but also set benchmarks in the way such project is delivered – at a cost that is affordable and to the highest standards of corporate governance.”

Meanwhile, Mr. Tom Shimmin, Chief Project Officer, BIAL, said: “Designed to provide the highest level of passenger comfort and dramatic visual impression, upon completion, the new terminal will substantially increase the overall capacity of the Airport. T2 is designed in a manner that we retain the philosophy of simplicity and minimal walking distances for the passengers – a key characteristic of the BLR Airport. With the use of a combination of the latest in construction technology and natural material, this Terminal will establish a new vision for sustainable growth. The new passenger terminal will cater to the specific needs of the Airport’s spectrum of users and provide a seamless travel experience. This will help the BLR Airport remain competitive and stay ahead of the growth in passenger demand.”

Filed Under: Business & Technology

Google tried to cover up sexual misconduct, alleges shareholder

January 11, 2019 by Nasheman

Nasheman News : In a bid to hide sexual harassment allegations against former Google executives, Alphabet’s board of directors has approved hefty severance packages for the accused, according a lawsuit filed by a shareholder of the company.

Alphabet Inc is Google’s parent company.

The lawsuit filed on Thursday in California state court accuses the board and executives of breach of fiduciary duty, unjust enrichment, abuse of power and corporate waste, CNET reported.

The lawsuit makes reference to oversize severance packages that Google reportedly paid to Android creator Andy Rubin, and Amit Singhal, head of Google’s search unit until 2016. 

The New York Times in November 2018 reported that Rubin received $90 million in severance when Google fired him in 2014 over accusations of sexual misconduct that the company deemed credible.

Allegations of sexual harassment against the two men were found to be credible by company investigations, according to the lawsuit filed by shareholder James Martin.

“Rubin was allowed to quietly resign by defendants Larry Page and Sergey Brin after an internal investigation found the allegations of sexual harassment by Rubin to be credible,” according to the complaint. 

“While at Google, Rubin is also alleged to have engaged in human sex trafficking — paying hundreds of thousands of dollars to women to be, in Rubin’s own words, ‘owned’ by him.”

Singhal stepped down as ride-hailing giant Uber’s Senior Vice President of Engineering in 2017 after it discovered he had allegedly been accused of sexual harassment while he was employed at Google, said the CNET report, adding that both Rubin and Singhal have denied the allegations.

Following the New York Times report in November, Google employees around the world staged a protest against the tech giant’s handling of sexual harassment cases.

After the reaction to the story in The Times, Google CEO Sundar Pichai sought to reassure employees about the company’s stand against sexual harassment.

“Over the past two years, we have terminated 48 people, including 13 senior managers and above for sexual harassment,” Pichai said.

“None of these people received an exit package. And to clarify: in that time, we have also not provided any exit packages to executives who departed voluntarily in the course of a sexual harassment investigation,” he added.

Filed Under: Business & Technology

Tomato prices sky rocket

January 11, 2019 by Nasheman

Image result for Tomato prices

With the price of tomato touching Rs 60 per kg and expected to rise by another Rs 5 in the next two days, your favourite tomato dishes may end up leaving a more sour taste than usual.The rate chart from the Horticultural Producers’ Cooperative Marketing and Processing Society (Hopcoms) lists the cost of tomatoes asRs 58 per kg. However, it is being sold at prices going up to Rs 70 at retail stores. The price has gone up three times in the last few weeks, from Rs 20 per kg in the beginning of December. The cost in August was just Rs 3 per kg due to high yield.

“Normally, Bengaluru gets 500 tonnes of tomatoes every day, but this time it has come down to half. Since consumption remains the same, reduced supply has increased the price,’’ a horticulture official said.The crop has been damaged and the yield is expected to be half the usual produce due to powdery fungus and downy mildew on tomatoes brought about by drought and cold. “The price will remain the same or increase by another ‘5. We are hoping the price will come down by January end or February beginning,’’ Keshav, Procurement and Marketing Manager, Hopcoms, said.

Sunitha Mahesh, a resident of Hosakerehalli said tomatoes are needed for most preparations, including rasam or sambar, even though it may not be the main vegetable. “I got tomatoes for Rs 64 per kg at a shop near my house, while I bought it for Rs 18 last month. We cannot cook without onion or tomatoes, so even if the price shoots up, we will still have to buy it,’’ she said.

Besides tomatoes, other vegetables are getting more expensive too. Srilakshmi, a homemaker at Rajarajeshwarinagar, said that drumstick, which cost Rs 25 per kg till recently, is now available for Rs 140 per kg. “This comes to over Rs 10 for one drumstick.’’The price rise is affecting the business of restaurateurs too.

Agencies

Filed Under: Business & Technology

Steel flyover will make it hotter, it needs to be dropped

January 11, 2019 by Nasheman

The steel flyover project is an ugly manifestation of our unbridled urbanisation mindset. This is yet another myopic economic proposal to exacerbate urbanisation; it seems to us.

How this project will further endanger public health with no tangible benefits to the citizens at large.

The Hot Dome

Materials like concrete and steel absorb and hold heat significantly when compared to soil and vegetation. The urban built-up area with its impermeable layer of concrete is hotter than the surrounding rural areas. This creates an umbrella of hot air over the built-up area of the city and is called the ‘climatological dome’ or ‘urban heat-island’. Air pollutants, vehicular movements, loss of tree cover and other metabolic processes add to the heat increasing temperatures in the dome.

A mobile survey of air temperatures discovered heat islands in Bengaluru way back in 1977 as documented in the Bangalore Gazetteer of 1990, of Government of Karnataka. The built areas of Rajajinagar were found to be warmer than the vegetated Cubbon Park and Lalbagh. Another survey in 1985, which is also documented in the same Gazetteer, found the built-up areas to be 2.5oC to 3.2oC warmer than Lalbagh and Cubbon Park.

In 2016, a study by Harini Nagendra, a renowned ecologist from Azim Premji University, found persistent increase in temperatures with Northern and Eastern regions of Bengaluru showing higher temperature ranges. Heat conducting steel flyover with the cutting of 812 trees in the north and north-eastern parts will certainly render the dome hotter and un-breathable.

The health effects

The steel components of the steel bridge, insulated with rust proof paint will progressively release deadly particulate matter into the air. The increased vehicular movements, especially the diesel vehicles will not only intensify but also add to the particulate matter.

With raising temperatures, we have created perfect conditions for the more insidious ground-level ozone to form and amplify to fatal levels.

In 2017, Experts and Scientists from the Indian Council of Medical Research, Public Health Foundation of India and Institute for Health Metrics and Evaluation along with other Indian collaborators released the shocking data that ‘one in eight deaths in India is attributed to air pollution’. Tangibly, the death ratios for urban areas are even more freighting.

Again in 2017, Bengaluru’s disease burden study, funded by the Bill & Melinda Gates Foundation, Indian Council of Medical Research, Union health ministry and the World Bank was released – establishing the fact that ‘Coronary heart disease topped the list and beat the national average with a wide margin’. Now, what is connection between Coronary heart disease and air pollution especially particulate matter of 2.5 microns?

According to peer reviewed scientific research published by National Institute of Health (under the aegis of United States Government), ‘People exposed to high levels of particulate matter pollution resulted in an increased likelihood of coronary heart disease’.

Bengaluru-based paediatric pulmonologist Dr Paramesh has published several studies in peer-reviewed medical journals on ‘how people, especially children are suffering from chronic cough and respiratory ailments because of air pollution’.

Thousands of peer-reviewed scientific papers are out there on health impacts of bad air quality. Blockage of tear ducts, sleeping disorders, COPD, exercise intolerance, heart diseases, diabetes, stress, decreased cognitive function, autism, attention deficit disorder, strokes…. and the list is endless.

Escalating air pollution is not a rocket science for people to understand. To tell the truth, when our children are being compelled to depend on artificial inhalers, we as parents don’t need any peer reviewed papers or pollution control board notifications to inform us that air quality is deteriorating. Nonetheless, we are being compelled to live with its consequences every day.

Load shedding and other ironies

Higher air temperatures inside the deadly dome increase energy demand for cooling. As the temperature increases, the electricity demand also increases. Load shedding is already a common phenomenon in Bengaluru during peak hours in summer. Are our grids ready to provide for that extra load?

It has been a nightmare for frequent flyers with the smog-filled skyline of Bengaluru obscuring visibility. Flights delayed, re-routed. Last week, a member of our trust was forced to lie around tarmac for four hours in the morning waiting for the smog to clear. A few minutes saved during transit on the steel flyover is lost by the endless hours of waiting on the tarmac and the runways, for the smog to clear. It is the same smog for which the steel flyover contributes.

In an airtight silo

Our urbanisation and the resultant economic activities are operating in an airtight silo, ignoring realties like climate change, air pollution and urban heat islands. These are treated as supplementary issues and seldom incorporated in diacritical policies or pivotal projects. Cumulative impacts of any project on public health will not be understood when these elementary realities are ignored. Ignoring will not make the problem to disappear, but will massively fuel public health emergencies.

The case of Delhi and Beijing

The air quality in Delhi is at emergency level even with the so called drastic measures. According to the emission inventory, 40% of the pollution is attributed to automobiles. Restriction of private vehicles activity has started to make way into the discussion. What is in discussion in Delhi is a reality in Beijing. To combat air pollution, Beijing now sets a quota for new private vehicles. In 2017 the quota was 150,000 cars annually and in 2018 it was reduced to 100,000.

Leapfrog towards solution

In Bengaluru, the citizens are now more or less accustomed to wearing masks as the air is not fit for breathing directly. The pollutants need to be filtered and kept out. There are several experiments happening in the city to install gigantic German manufactured air purifiers. If what’s happening in the national capital Delhi, Beijing and in our own backyard is any lesson to us, then building steel flyovers for the privileged few to roam about freely in their flamboyant automobiles, is not at all the solution we should be thinking about.

As a matter of record, cities like San-Francisco, Milwaukee, Madrid, Seattle, Portland and Seoul are dismantling freeways, even as we discuss this. By doing that, these cities are  moving towards a smart and healthy future for its residents and economy. We can stay far behind and try to feign catch up or we can leapfrog to building a smart city.

For Bengaluru to be a smart city, embracing public transport is perhaps the smart thing to do. This is not the time to re-invent recipes on how to build roads, but to change the whole menu of transportation itself for the betterment of the citizens of Bengaluru, who are hoping against hope for a pollution free environment.

Agencies

Filed Under: Business & Technology

BBMP To Shut Commercial Establishment

January 11, 2019 by Nasheman

Soon after Deputy Chief Minister G Parameshwara issued order to BBMP, the local civic body has shut 20 commercial establishments in residential areas in eight BBMP zones on Thursday. BBMP had closed six establishments on Wednesday in Sadashivanagar.

However, BBMP has realised that it has a long way to go to meet the deadline to shut all the commercial establishments in residential areas. According to BBMP, there are 10,000 such commercial establishments operating in residential areas.

Manoranjan Hegade, Chief Health Officer, BBMP, told media, “We have shut 26 commercial establishments so far. All the zonal officials have been asked to inspect the areas and shut all such establishments in residential areas. We still have to shut at least 10,000 establishments, which can be covered by February,” he said.

The BBMP has issued notices to 2,000 establishments that are operating in the basements of the building which will also be removed during the drive.

Filed Under: Business & Technology

GST Composition Scheme: Rs 1.5 cr threshhold from 2019-20

January 10, 2019 by Nasheman

Nasheman News : In a further relief to the micro, small and medium (MSME) sector, the threshhold limit for eligibility under the GST Composition Scheme was raised to Rs 1.5 crore, from Rs 1 crore, by the GST Council on Thursday and will apply from the 2019-20 fiscal beginning April 1.

“We had raised the Composition Scheme limit to Rs 1.5 crore. The decision will be applicable from April 1, 2019,” Finance Minister Arun Jaitley told reporters here after chairing the 32nd meeting of the GST Council.

Those opting for the Composition Scheme pay a minimal Goods and Services Tax (GST) of 1 per cent. 

In an easing of the compliance burden, the GST Council also decided that those opting for the scheme would need to file their returns only once a year, Jaitley said. The tax payment mode, however, would continue to be on a quarterly basis.

This facility will also be also applicable from April 1.

In a third decision, the GST Council also made small service providers, and those providing a mix of goods and services, with a turnover of up to 50 lakhs, eligible for the Composition Scheme. 

With Thursday’s decision, service and mixed goods and service providers will be entitled to avail the benefit on payment of GST at 6 per cent, Jaitley said. 

Filed Under: Business & Technology

Indian, Pakistani troops trade gunfire in Poonch, Rajouri

January 9, 2019 by Nasheman

Image result for Indian, Pakistani troops trade gunfire in Poonch, Rajouri

Nasheman News : Indian and Pakistani troops traded gunfire along the Line of Control (LoC) in Jammu and Kashmir’s Poonch and Rajouri districts on Wednesday.

The first clash took place in Poonch district.

Pakistan troopers resorted to unprovoked firing at Indian positions in Gulpur and Khari Karmara areas at around 8.15 a.m., Defence Ministry sources said.

“They used automatics and mortars. Our troops retaliated strongly. No casualty or damage was reported on our side,” an official said.

Later, the Pakistan Army used mortars to target Indian positions in Kalal area of Rajouri district.

“Our troops are retaliating strongly. Firing exchanges are going on,” the official said.

Panic has again gripped people living close to the LoC in Poonch and Rajouri districts amid deafening sounds of mortar shell explosions. The winding LoC divides Jammu and Kashmir between Pakistan and India.


Filed Under: Business & Technology

RBI extends tokenisation services to online merchants

January 9, 2019 by Nasheman

 Nasheman News : Continuing its efforts to improve the safety of card transactions, the Reserve Bank of India (RBI) on Tuesday extended the use of tokenisation — hiding of actual card details with a unique token — in the wider payments ecosystem.

To date, the RBI had allowed card payment networks like Visa and MasterCard to use the tokenisation technology in card transactions. The technology is now allowed to be used by merchants holding the card credentials like online retailers.

“It has now been decided to permit authorised card payment networks to offer card tokenisation services to any token requestor (i.e., third party app provider),” the RBI said in a statement. For now, the facility will be offered through mobile phones and tablets only.

The permission extends to all use cases and channels like near field communication (NFC), magnetic secure transmission (MST)-based contactless transactions, in-app payments and QR (quick response) code-based payments, the bank said.

“The Reserve Bank has today (Tuesday) released guidelines on tokenisation for debit/ credit/ prepaid card transactions as a part of its continuous endeavour to enhance the safety and security of the payment systems in the country,” the statement said.

Tokenisation involves a process in which a unique token masks sensitive card details and thus, in lieu of actual card details, this token is used to perform card transactions. The token will be unique for a combination of card, token requestor and “identified device”. 

While all other instructions related to card transactions will be applicable for tokenised card transactions as well, the RBI stated: “The ultimate responsibility for the card tokenisation services rendered rests with the authorised card networks.”

Before providing card tokenisation services, card payment networks will have to put in place a mechanism for periodic system (including security) audit at frequent intervals, at least once a year, of all entities involved in providing card tokenisation services to customers.

“Tokenisation and de-tokenisation shall be performed only by the authorised card network, and recovery of original Primary Account Number (PAN) should be feasible for the authorised card network only. Adequate safeguards shall be put in place to ensure that PAN cannot be found out from the token and vice versa, by anyone except the card network,” the RBI said.

Registration of card on token requestor’s app will be done only with explicit customer consent and the customers will have the option to register/ de-register their card for a particular use cases like contactless and QR code-based.

“Card issuers shall ensure easy access to customers for reporting loss of ‘identified device’ or any other such event which may expose tokens to unauthorised usage. Card network, along with card issuers and token requestors, shall put in place a system to immediately de-activate such tokens and associated keys,” the bank added.

Filed Under: Business & Technology

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