Saturday, 29 October 2016

Govt News In Brief

PM Shri Narendra Modi previews exhibition on the theme “Uniting India: Sardar Patel”

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting - 15 hours ago
The Prime Minister, Shri Narendra Modi, on Thursday previewed the exhibition – “Uniting India – Sardar Patel” set up by the Ministry of Culture, at National Science Centre in New Delhi. This digital exhibition, which showcases the integration of India, and the contribution of Sardar Vallabhbhai Patel, has been prepared with the inspiration of the Prime Minister. The exhibition has around 30 exhibits, and features about 20 different kinds of interactive and media experiences. It provides visitors with a range of opportunities to engage with various digital installations which expl... more »

President Shri Pranab Mukherjee ’s message on the eve of National Day of Turkey

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting - 15 hours ago
The President of India, Shri Pranab Mukherjee has extended his greetings and felicitations to the Government and the people of the Republic of Turkey on the eve of their National Day (October 29, 2016). In a message to His Excellency Mr. Recep Tayyip Erdogan, the President of the Republic of Turkey, the President has said, “On behalf of the Government and the people of India and on my own behalf, I have pleasure in extending greetings and warm felicitations to Your Excellency and to the people of the Republic of Turkey on the occasion of your National Day. Our two countries have rich ... more »

Cabinet approves New Productivity Linked Reward Scheme for all Major Port Trusts and Dock Labour Board employees/workers for the years 2015-16 to 2017-18

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting - 1 day ago
The Union Cabinet under the Chairmanship of Prime Minister Shri Narendra Modi has given its approval to New Productivity Linked Reward Scheme for all Major Port Trusts and Dock Labour Board employees/workers for the years 2015-16 to 2017-18. The new PLR scheme applicable from 2015-2016 to 2017-2018 will benefit about 37870 Port and Dock workers/employees in all the Major Port Trusts and the yearly outgo will be Rs. 49.58 crore. Ministry of Shipping has formulated a New Productivity Linked Reward (PLR) Scheme for all Major Port Trusts and Dock Labour Board employees/workers for the y... more »

Cabinet approves release of an instalment of Dearness Allowance to Central Government employees and Dearness Relief to Pensioners due from 01.07.2016

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting - 1 day ago
The Union Cabinet under the Chairmanship of Prime Minister Shri Narendra Modi has given its approval to release an instalment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to Pensioners w.e.f. 01.07.2016 representing an increase of 2% of the revised Basic Pay/Pension, to compensate for price rise. The increase is in accordance with the accepted formula, which is based on the recommendations of the 7th Central Pay Commission. The combined impact on the exchequer on account of both Dearness Allowance and Dearness Relief would be Rs. 5622.10 crore ... more »

Clarification regarding reports on Downgrading of status of Military Officers

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting - 1 day ago
There have been reports in the media that the Govt has issued a new order lowering the status of Military officers with respect to their civilian counterparts in the Armed Forces Headquarters. These reports, quoting a letter dated 18 Oct 2016 issued by the Ministry of Defence, are erroneously stating that the equivalence has been disturbed and status of Service officers has been downgraded. It is clarified that there has been no down-gradation or any change in the existing equivalence of the Service ranks whatsoever. The existing functional equivalence as clarified in 1991 and furth... more »

Union Minister of State for Road Transport, Highways & Shipping and Chemical & Fertilizers, Shri. Mandaviya visits Indian Maritime University

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting - 1 day ago
Union Minister of State for Shipping and Road Transport & Highways and Chemical & Fertilizers, Shri. Mansukh Lal Mandaviya visited Indian Maritime University in Chennai today and interacted with the faculty and students. The university was established through an Act of Parliament (Act 22) in November 2008 as a Central University, and is poised to play a key role in the development of trained human resource for the maritime sector. IMU is in the category of a professional university intended for fulfilling the requirements of the maritime sector. Addressing the students and faculty o...more »

PM’s interaction through PRAGATI

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting - 1 day ago
The Prime Minister, Shri Narendra Modi, today chaired his sixteenth interaction through PRAGATI - the ICT-based, multi-modal platform for Pro-Active Governance and Timely Implementation. The Prime Minister reviewed the progress towards handling and resolution of grievances related to the Ministry of Labour and Employment, which largely include EPFO, ESIC, and Labour Commissioners. Secretary (Department of Labour) outlined the improvements brought in the grievance redressal system, such as introduction of online transfer of claims; electronic challans; mobile applications and SMS aler...more »

Environment Ministry’s monitoring Committee reviews situation arising from avian influenza

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting - 2 days ago
The Monitoring Committee constituted by the Ministry of Environment, Forest and Climate Change for overseeing outbreak of H5N8 avian influenza reviewed the control and containment of the avian influenza situation today. *Mortality Status within 24 hours:* NATIONAL ZOOLOGICAL PARK, NEW DELHI - 01 (Grey Partridge, in-house bird) DEER PARK, HAUZ KHAS, NEW DELHI - Nil GWALIOR ZOO - Nil *Action taken*: The control and containment measures of avian influenza in the affected zoos are being continued, which inclu... more »

Shri Thaawarchand Gehlot Attends The ‘23rd Rehabilitation International World Congress’ at Edinburgh, Scotland

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting - 2 days ago
Shri Thaawarchand Gehlot, the Union Minister for Social Justice & Empowerment attended the 23rdRehabilitation International World Congress at Edinburgh, Scotland, being held from 25-27 October, 2016. The Theme of the Congress is, "*Create a More Inclusive World*". The Congress is being attended by more than 1000 delegates from 65 countries. Her Royal Highness, The Princess Royal is the Patron of this Congress. The First Minister for Scotland, Rt. Hon Nicola Sturgeon, delegates from China, Great Britain, Germany and other countries attended the Congress. The Minister of SJ&E Shri Tha... more »

Sub- Extension of Period for applying of renewal for GMDSS-GOC License

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting - 2 days ago
The Ministry of Communication has extended the period for applying of Renewal of Global Management Distress Safety System General Operator’s Certificate (GMDSS-GOC) License from three months to six months prior to its expiry vide notification No. GSR 186 dated 4th October 2016. This will enable the officers to have adequate time required to renew their GMDSS-GOC license and they will be able to sail on ships without any delay in future. The Standard of Training and Certification of watch keeping mandates all Nautical Grade Officers to hold a valid GMDSS-GOC license issued by Ministry...more »

Shri Piyush Goyal leads Indian Delegation to Republic of Vanuatu

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting - 2 days ago
MoU signed for establishing India-Vanuatu Centre of Excellence in IT in Vanuatu Union Minister of State (IC) for Power, Coal, New & Renewable Energy and Mines, Shri Piyush Goyal led a thirteen-member Indian delegation to Republic of Vanuatu on 25-26th October, 2016. During this visit, the Minister held meetings with H.E. Mr. Charlot Salwai Tabimasmas, Prime Minister of Republic of Vanuatu and H.E. Mr. Bruno Leingkone Tau, Minister for Foreign Affairs, and discussed India-Vanuatu bilateral relations. Vanuatu has acknowledged India’s commitment for strengthening bilateral ties through ... more »

Government committed to facilitate growth and innovation of the M&E sector – Col. Rathore

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting - 2 days ago
*Minister delivers address at CII Big Picture Summit * Minister of State for Information & Broadcasting Col. Rajyavardhan Rathore has said with technological changes and innovation, the content platform is undergoing constant change with respect to creation / access and distribution. As a consequence, revenue and business models were being fragmented along with changes in market distribution and talent pool identification. Col. Rathore mentioned this while delivering his key note address at the CII Big Picture Summit here today. Speaking further, the Minister said, a series of measure... more »

Press Statement by Prime Minister during visit of Prime Minister of New Zealand to India

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting - 2 days ago
Your Excellency, Prime Minister John Key, Members of the delegations, Members of the media, I am delighted to welcome Excellency Key to India. Excellency, I am told that it is now a regular feature for the New Zealand Parliament to celebrate the festival of Diwali and, you yourself have participated in several of these festivities. So, it is a particular pleasure to receive you in India during the festive season. Friends, Prime Minister Key and I have met several times on the sidelines of multilateral summits and today, it is an honour for us to welcome Excellency Key in India o... more »

Centre Constitutes Committee for monitoring Bird Flu

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting - 2 days ago
The Centre has constituted a Committee headed by Joint Commissioner, Department of Animal Husbandry, Dairy and Fisheries (DADF) to maintain constant vigil on the situation arising out of avian influenza (H5N8). The Committee will have representatives from Ministry of Health, Ministry of Environment, Forests and Climate Change and Department of Agriculture Research and Extension (DARE) and representative of the Delhi Government. Besides, monitoring the situation, the Committee will assist the State Government in taking steps to contain the spread of Avian Influenza. The Centre has als...more »

Digital Media Broadcasting to Play a Critical Role in Bringing About Change in Sports Broadcasting in India Says Sports Minister

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting - 2 days ago
The Minister of state (I/C) for Youth Affairs and Sports Shri Vijay Goel has said that digital media broadcasting will play a critical role in bringing about change in sports broadcasting in India. Addressing the Big Picture Summit 2016 here today, he said increasing penetration of internet, mobile devices and cheaper data services especially in rural areas will prove game changer in this direction. He said Broadcasters must focus on how sports are delivered to these audiences. Shri Goel said, data suggests that more than 60% of the Digital Audiences in India is within the age group ... more »

Libraries continue to play a central role in providing open and free access to information and ideas: Vice President

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting - 2 days ago
Inaugurates 19th National Convention on Knowledge, Library and Information Networking - NACLIN 2016 The Vice President of India, Shri M. Hamid Ansari has said that the libraries continue to play a central role in providing open and free access to information and ideas. He was addressing the gathering after inaugurating the 19th National Convention on Knowledge, Library and Information Networking - NACLIN 2016, here today, which was jointly organized by the Tezpur University and Developing Library Network, New Delhi. The Governor of Assam, Shri Banwarilal Purohit, the Minister for Ir...more »

34546 MT pulses procured from farmers during ongoing Kharif season

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting - 2 days ago
The Government agencies have procured 34546.69 MT pulses- Moong and Urad as on 25.10.2016 during ongoing Kharif Marketing Season (KMS). FCI, NAFED and SFAC are procuring Kharif pulses from the farmers to ensure MSP for their crops in pulses producing states. So far, FCI has procured 8166.71 MT, NAFED 23510.13 MT and SFAC 2869.85 MT Moong and Urad since the arrival of Kharif crop during ongoing KMS 2016-17. The Government has set up the procurement target of 50,000 MT Kharif pulses during current KMS for its buffer stock. Courtesy:

PM Shri Narendra Modi inaugurates National Tribal Carnival

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting - 2 days ago
The Prime Minister, Shri Narendra Modi, today inaugurated the National Tribal Carnival in New Delhi. Speaking on the occasion after witnessing an enthralling carnival parade, he said this is the first time that tribal groups from across the country would be in Delhi at the time of the festive occasion of Diwali. He said the tribal carnival would showcase the capabilities of the tribal communities, in the national capital. The Prime Minister said India is a land of great diversity. He said the carnival parade presented at the function today had offered just a small glimpse of this d... more »

Text of PM Shri Narendra Modi's speech at Inauguration of National Tribal Carnival-2016

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting - 2 days ago
देश के इतिहास में पहली बार, देश के कोने कोने से आए हुए आदिवासी भाइयों और बहनों के बीच राजधानी दिल्ली में दीपावली मनाई जाएगी। करीब चार दिन दिल्ली इस बात को अनुभव करेगा कि भारत कितना विशाल है, भारत कितनी विविधताओं से भरा हुआ है और जंगलों में जिंदगी गुजारने वाले हमारे आदिवासी भाई बहनों में कितना सामर्थ्य है कितनी शक्ति है। देश के लिए कुछ न कुछ करने के लिए दूर-सुदूर जंगलों में रहते हुए भी वो कितना बड़ा योगदान दे रहे हैं ये दिल्ली पहली बार अनुभव करेगा। भारत विविधताओं से भरा हुआ देश है। 'बीस गांव- बोली बदल जाए' ये हमारे यहां पुरानी कहावत है लेकिन हमने यहां उसकी झलक देखी। झलक भर ही थी, अगर... more »

Thrust on increasing productivity of Oilseeds and Pulses to meet the Nation’s requirement : Shri Radha Mohan Singh.

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting - 3 days ago
Agriculture & farmers’ Welfare Minister briefs consultative committee on steps being taken for self sufficiency in Pulses and Oilseeds The Union Agriculture and Farmers’ Welfare Minister Shri Radha Mohan Singh today outlined the thrust of the Agriculture Ministry for increasing the productivity of oilseeds and pulses to achieve self sufficiency. Addressing the Members of the Consultative Committee attached to the Ministry of Agriculture this morning, Shri Radha Mohan Singh said that Indian Council of Agricultural Research and the Ministry of Agriculture and Farmers’ Welfare will join... more »

World of an Indian cartoonist!

World of an Indian cartoonist!

Posted: 27 Oct 2016 07:37 PM PDT

Karnataka's first BJP CM in South India, Yeddyurappa gets clean chit from CBI court in Rs 40 crore bribery case.

Supreme Court is angry with political parties in India for not doing enough to curb the misuse of religion in politics to garner votes.

Yeddyurappa gets clean chit from CBI court.
Cartoon for Sify

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Friday, 28 October 2016

I like his cartoons

World of an Indian cartoonist!

Posted: 26 Oct 2016 07:39 PM PDT

The Amar Singh enigma haunts Samajwadi Party again, leading to heart-breaks!
Cartoon for Mail Today

Cyrus Mistry was sacked abruptly replaced by Ratan Tata.
Cartoon for Sify

Pakistani Cricket Superstar Shahid Afridi is planning to come out with a book!
Cartoon for Sify

Reports say Cyrus Mistry was sacked because he was risking Tata's family jewels!
Cartoon for Mail Today

Cyrus Mistry firing becomes a joke on the web!
Cartoon for Sify

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Thursday, 27 October 2016

HR Headlines courtesy :

Jobs moved up by 5% in September’16 over September’15: Naukri Job Speak Index
The Naukri Job Speak Index for the month of September 2016 stood at 1888, recording an increase of 5% in hiring activity over the same period last year. After a brief revival in August, the jobs growth has generally been relatively small in the last three months. Technology oriented industries presented a very mixed bag in terms of annual jobs growth; while IT – Software/Software Services grew at a moderate 6%, ITES/BPO industry registered an impressive 20% growth in September. By contrast, IT – Hardware saw jobs declining by 20% in September 2016 when compared to September 2015. Finance industries have shown strong positive growth so far in the 2016 financial year, this trend was further reinforced in September when Banking/Financial Services jobs grew by 25% on a YOY basis while Insurance clocked an even more impressive 43% growth. Infrastructure industries continue to be sluggish; Construction/Engineering, Oil & Gas/Power and Industrial Products / Heavy Machinery saw jobs decrease by 7%, 19% and 8% respectively while Real Estate, which has seen a general decline in jobs this year saw an annual dip in jobs by 10%.
Source : 20-10-16   Compiled by
Flipkart struggles to retain top talent, CFO Mr. Sanjay Baweja quits
Flipkart co-founder and chief executive Mr. Binny Bansal’s struggle to retain top talent continues as Chief Financial Officer Mr. Sanjay Baweja quit a little under two years after joining to the company from Tata Communications. Mr. Baweja’s exit comes at a time when Mr. Bansal’s push to revive growth after nearly a year gap was beginning to work. At the same time, Flipkart’s efforts to raise fresh funds from investors to fuel business and fend off aggressive competition from global rival Amazon faces a setback with this exit. Flipkart is also looking for Mr. Baweja's replacement, said a Flipkart spokesperson confirming his exit. Mr. Baweja will continue to be with the company till December end. Following a top management rejig in January this year which saw Mr. Bansal take over the reins as CEO, exits in the top echelons of Flipkart have become common. Mr. Punit Soni, the star hire from Google quit the company less than a year after he got there. Other exits include that of Mr. Mukesh Bansal, whose company Flipkart acquired, after which he managed some of the top portfolios there. Mr. Ankit Nagori, one among the early Flipsters, quit from the position of Chief Business Officer to start his own company with Mr. Mukesh Bansal. In a townhall meeting with employees in August, co-founder Mr. Sachin Bansal revealed that his stepping down from the position of CEO was “performance linked”. He added that the entire management change too was driven by same force that had him ousted from the top position. "Just look at who was (in the) management six months ago, one year ago, and who is (in the) management today. It's completely changed. Right? Yeah, I mean, nobody is here. I have changed. I was the chief executive and I have changed. It was performance-linked," Mr. Sachin Bansal had told employees, according to FactorDaily. While several people from Flipkart’s management have quit, replacements aren’t coming in as quickly. Some would say Mr. Kalyan Krishnamurthy, an old hand at Tiger Global (one of the leading backers of Flipkart) who was brought back into the company, is now running the show, though Mr. Bansal has denied it.
Source : 25-10-16   Compiled by
Mr. Cyrus Mistry exits Tata Group: Such a decision unheard of, say 'worried' experts
Going back to an insider with little experience probably backfired for the salt-to-steel Tata group. Four years after he took over as the chief of Tata Sons, the holding company of the Tata group, Mr. Cyrus Mistry had to say ta-ta to the chairman’s office. Proxy advisory firms view this as a case of “failed experiment” in succession. “Obviously, it is an experiment in succession that did not work. The reasons are still unclear. They had taken years to zero in on Mr. Mistry after an international search. And, this new group has only four months (to choose a new chairman),” said Mr. Shriram Subramanian, founder, Ingovern Research Services. According to Mr. Subramanian, the continuous stress the group companies had gone through could have triggered the move, unless there is something more serious. “His (Mistry’s) experience in handling such a diversified group with numerous entities was doubtful. He was parachuted into running multiple entities. He should have been groomed,” he added. Mr. J N Gupta of Stakeholders Empowerment Services said: “Such a sudden change is unheard of in the history of the Tata group. The reason for such a move is unknown. And, this unknown worries us. Mr. Gupta said as a good governance practice, Tatas should explain the circumstances and reasons for the decision. Experts also wondered if the decision would lead to or was the result of dynamics between the Tatas and the Mistry family. Although Mr. Mistry has stepped down, his father Mr. Pallonji Shapoorjis Mistry remains the single-largest individual shareholder in Tata Sons. In a statement, Tata Sons announced that its board replaced Mr. Cyrus Mistry as chairman of Tata Sons. The decision was taken at a board meeting held in Mumbai. “The board has named Mr. Ratan N Tata as interim chairman of Tata Sons. The board has constituted a selection committee to choose a new chairman.
Source : 25-10-16   Compiled by
Mr. Mark Schwartz of Goldman Sachs Asia-Pacific joins Paytm board
Mr. Mark Schwartz, chairman of Goldman Sachs Asia-Pacific, has joined the board of One97 Communications Ltd, which runs online payments and e-commerce website Paytm. “He has played a critical role in building leading businesses in the Asia Pacific region and across the world. I am confident Mr. Mark Schwartz’s insights would offer excellent leadership for Paytm as we work towards bringing half a billion Indians to the mainstream economy,” said Mr. Vijay Shekhar Sharma, chief executive officer, Paytm. Currently based in Beijing, Mr. Schwartz, is also the vice-chairman of the US-based Goldman Sachs Group. He has over 27 years of experience in Goldman Sachs, having joined the firm’s investment banking department in 1979. “Mr. Mark Schwartz played a major role in helping Alibaba founder Mr. Jack Ma and executive vice chairman Mr. Joseph Tsai with Alibaba’s $25 billion IPO in New York in 2014,” the company said in a statement. In September last year, Ant Financial and Alibaba had together committed to invest less than $1 billion in Paytm. This amount includes the $575 million which was committed to Paytm in February 2015. Out of the $575 million, Ant Financial has till now pumped in $200 million for a 25.88% stake. Mr. Schwartz will be the 12th member on the board of One97, after announcing Mr. Amit Singhal, the former head of Google Search, as the 11th member joining the board on 20 October.
Source : 24-10-16   Compiled by
SBI merger to trim new hiring by 20%
The merger of State Bank of India (SBI) with its associate banks will bring down new recruitment by around a fifth next year. SBI is calculating that the numbers are likely to become surplus with the merger. It has already announced there won’t be any job cuts on account of the merger. “There will be an impact on recruitment next year. It could be in the range of 20-25 per cent. Already, associate banks have stopped filling vacancies. The day we decided on a merger, we knew not to opt for new recruitment in the associate banks. We won’t drastically cut down on hirings; there is a need to infuse fresh blood,” said an official. Since 2015-16, there has been no recruitment in the associate banks. On an average, SBI requires at least 13,000 staff (new hires) on account of retirement every year, according to an SBI official. However, over the past two years, the bank has been going slow on recruitment, especially clerical staff. Last year, the bank did not hire any clerical staff. This year, however, SBI is recruiting around 17,000 clerical staff, one of the highest in the past few years. This includes recruitment of around 3,008 agri staff, which SBI is inducting after a gap of several years.
Source : 20-10-16   Compiled by
Twitter plans to cut about 300 more jobs
Twitter Inc may cut 8 percent of its workforce or about 300 people. The job cuts could be announced before the company reports third-quarter earnings, and the number of jobs affected could change. Last year, Twitter announced plans to lay off up to 336 employees, or about 8 percent of its workforce, a week after Mr. Jack Dorsey, its co-founder who had been serving as interim chief executive, took over as permanent CEO. Twitter, which last month hired bankers to field acquisition offers, faces an uncertain future after Inc, the last of the companies believed to be interested in buying the company, said it would not make a bid. With a markcap of about $12.76 billion and losses running at about $400 million a year, Twitter was likely judged too expensive by prospective buyers. The company said in September it would lay off some employees and halt engineering work at one of its development centers in India's technology hub Bengaluru. Twitter said it rescheduled the release of its third-quarter earnings to before the market open on Thursday to avoid conflicting with earnings announcements by other internet companies. It had originally planned to release results after the market close. The company had 3,860 employees globally as of June.
Source : 25-10-16   Compiled by
Added incentive: Mr. Vishal Sikka gives million-dollar salaries to 4 Infosys presidents
Infosys chief executive Mr. Vishal Sikka is setting higher salaries for his top management team as an incentive to reach his revenue target of $20 billion by 2020. Four Presidents - Mr. Mohit Joshi, Mr. Rajesh K Murthy, Mr. Ravikumar S, Mr. Sandeep Dadlani and Mr. David Kennedy— of the company’s general counsel will now get a million dollar salary package, in addition to restricted stock units and employee stock options. Their salaries include a higher variable component, the company said in its regulatory filings. Infosys Board had approved the compensation increase last week to key executives, including its chief operating officer Mr. Pravin Rao and chief financial officer Mr. M D Ranganath. The human resources head Mr. Krishnamurthy Shankar and company secretary Mr. Manikantha AGS will also see salary increase from November 1.“Based on fiscal 2016 performance, 27,250 restricted stock units and 43,000 stock options would be granted (to Rao) once approved by shareholders and these would vest over a 4 years. RSUs and stock options, in future periods, will be granted on achievement of performance conditions,” said the Infosys letter to the BSE.
Source : 20-10-16   Compiled by
Airtel payments bank hires PayU executive Mr. Abhishek Tripathi to lead SMB solutions
Mr. Abhishek Tripathi, associate director and business head at PayU Payments Pvt. Ltd, has decided to quit the company to join Bharti Airtel Ltd. He will be leading the small and medium business at Airtel Payments Bank. “I have joined Airtel Payments Bank to lead the SMB/SME solutions,” Mr. Tripathi confirmed the development to TechCircle. “I will be responsible to formulate product and strategies for the small and medium business at the payments bank.” In his new role, he will be directly reporting to the Airtel Payments Bank CEO Mr. Shashi Arora. On his more than three years journey at Naspers-owned digital payments company PayU, Mr. Tripathi in a blog post on LinkedIn wrote, “I joined the company as the first employee to start the business of PayUMoney (then PayUPaisa) and built the business from scratch and hired 99% of the PayU SMB team (~250). It’s been quite the journey, and I owe a lot to PayU India, Naspers and the team.” According to Mr. Tripathi, his experience of building PayUmoney and scaling it makes him confident about the SMB space in India. “Looking forward at the changing paradigm of payments bank would work for SMBs,” he added.
Source : 24-10-16   Compiled by
Noted industrialist Mr. Kumar Mangalam Birla is IIM-A’s new chairman
Ending months of speculation, the hunt for the Chairman of IIM Ahmedabad (IIMA) Board of Governors ended this week, with the MHRD appointing noted industrialist and Chairman of Aditya Birla Group Chairman- Mr. Kumar Mangalam Birla as the chairman of IIM A BOG and its Society. Mr. Birla pipped both HDFC Chairman Mr. Deepak Parekh and Infosys Chairman Mr. R Seshasayee to the position and it is learnt that Mr. Birla who is also currently the Chairman of IIT Delhi’s BoG has reportedly accepted the position for a tenure of 3 years. After IIMA’s former Chairman and L&T Chairman Mr. AM Naik had stepped down citing lack of time in December last year, the premier B-School had set up a selection committee and shortlisted 3 names including those of Mr. Parekh, Mr. Seshasayee and Hero MotoCorp CMD Mr. Pawan Munjal-only to be rejected by the then Smriti Irani-led Ministry of Human Resource Development (MHRD) in May this year. However a second list was sent to the MHRD on September 23 – post a Board meeting of the selection committee headed by IIMA’s interim Chairman and CMD of Zydus Cadila - Mr. Pankaj Patel. “We have received communication from the Director’s office on noted industrialist Mr. Kumar Mangalam Birla being appointed on 21st October for a period of 3 years and we welcome the move,” said senior IIMA faculty member Mr. Ajay Pandey.
Source : 22-10-16   Compiled by
TCS CEO Mr. N. Chandrasekaran, JLR chief Mr. Ralf Speth join Tata Sons board
In keeping with the tradition of promoting group company CEOs to the board of Tata Sons, Mr. Ralf Speth, CEO of Jaguar Land Rover, and Mr. N. Chandrasekaran, CEO & managing director of Tata Consultancy Services (TCS), were appointed as additional directors. “This is in recognition of their exemplary leadership in their companies,” said Mr. Ratan Tata, interim chairman, Tata Sons. Mr. Chandrasekaran, 53, and Speth, 61, are running the most successful operations of the Tata group. Earlier, during the tenure of Mr. Ratan Tata, Mr. RK Krishna Kumar, MD of Tata Tea, and Mr. JJ Irani, MD of Tata Steel, were appointed on the board of Tata Sons. Similarly, the late Mr. JRD Tata had appointed the late Mr. Sumant Moolgaokar and the late Mr. Darbari Seth on the TSL board. Mr. Chandra, as the TCS CEO is popularly known, is credited with the success of India’s largest IT Company with market value of Rs 4, 72,636 crore. On his appointment to the Tata Sons’ board, Mr. Chandrasekaran said: “I am humbled by this honour and I look forward to contributing to the board.” Mr. Speth was appointed as CEO of Jaguar Land Rover in February 2010 after he served BMW for 20 years. Under his leadership, JLR continued to show strong global sales, despite the China slowdown and reported a strong growth in key markets of North America and Europe. With the two new directors, the Tata Sons board now has a balance of experienced industrialists and CEOs.
Source : 26-10-16   Compiled by
Food delivery startup Runnr beefs up top deck; TinyOwl founders exit
Bengaluru-based food ordering and delivery platform Runnr said it has hired senior executives from Bharti Group, Uber and Facebook to strengthen organisational capabilities. The company said in a statement that, over the past few months, it has recruited Bharti Group’s Ms. Garima Gupta as finance chief, Mr. Aadish Dhakad from Uber as the head of supply operations and Mr. Ankit Jain, who was previously with Facebook, to lead its data operations. Meanwhile, the founders of TinyOwl–the food delivery startup which Runnr acquired in June–have quit the company. Mr. Mohit Kumar, co-founder and CEO at Runnr, confirmed to TechCircle that TinyOwl founders Mr. Harsvardhan Mandand and Mr. Saurabh Goyal are no longer part of the company even though they are still shareholders of the combined entity. Runnr, earlier known as Roadrunnr, is operated by Carthero Technologies Pvt. Ltd. It started its food delivery app in July and aims to grow quickly over the next few months. “With a strong core team in place we are now focused on a new phase of growth,” Mr. Kumar said. Ms. Gupta, the new chief financial officer, is a chartered accountant. She was previously the CFO of Nxtra Data Ltd, Bharti Group’s data centre business. She has also worked with US-listed BPO firm Genpact. Mr. Dhakad, an IIM alumnus, has experience in banking, power and logistics sectors. As the operations manager of Uber in Pune, he was responsible for developing processes for partner on-boarding, training, quality and fraud control, and for managing payments. Mr. Jain will head the data operations at Runnr, where his team uses advanced machine learning and statistical skills to solve last-mile logistics problems. Prior to this, he worked at Facebook in Silicon Valley as a data scientist. Mr. Jain holds a master’s degree from UC Berkeley and a bachelor’s in electrical engineering from IIT Bombay.
Source : 19-10-16   Compiled by
Government goes on hiring spree ahead of air safety audit
The civil aviation ministry plans to hire more than a dozen officers including a new head for its Air Accident Investigation Bureau (AAIB) five months before a key international safety audit is expected to take place. “It has finally advertised these positions, including DG (director general) ahead of ICAO audit,” said a government official who asked not to be named. The International Civil Aviation Organization (ICAO), the United Nations’ aviation watchdog, will conduct an audit of India’s air safety readiness around March and the aviation ministry wants to complete staffing the bureau before the audit team arrives. The outcome of the audit will be critical for India as it could affect international expansion plans of new as well as old Indian airlines. AAIB was formed in May 2012, but while the idea was to make it independent of the civil aviation ministry, that hasn’t happened and it is still staffed by officials of the ministry. Interestingly, ahead of an earlier audit by ICAO in 2015, the ministry had sought to find people for AIIB though nothing much came of the plan. According to the ministry’s advertisement, to qualify for the post of director general of AAIB, an applicant should hold a degree in engineering and have about a decade-and-a-half of experience in areas such as air safety and air traffic control. The salary scale starts at Rs37, 400 per month. Significantly, the post has been opened up for senior pilots for the first time.
Source : 21-10-16   Compiled by
TataCLiQ appoints Mr. Vikas Purohit as COO
Tata CLiQ, Tata group's e-commerce venture, said it has appointed Mr. Vikas Purohit as its Chief Operating Officer. The company has also appointed Mr. Amit Rawal to head its 'Luxury' business. Mr. Purohit will spearhead commercial, seller management and digital marketing functions, the company said in a statement. He was one of the first few employees of and comes with a strong e-commerce and fashion retail experience. He has also previously held leadership positions at Reliance Brands, Tommy Hilfiger India and Aditya Birla Group's Madura Garments. "Tata CLiQ has witnessed a multi-fold growth since its launch in May this year... These appointments come at a time when TataCLiQ is at a crucial growth juncture and is expected to launch two new categories and the luxury portfolio," it said. Mr Rawal, who will focus on building Tata CLiQ as a luxury-lifestyle destination, had founded He has also worked with Thomson Reuters and Deloitte Consulting.
Source : 20-10-16   Compiled by
Mr. Aashish Bhinde to quit Avendus Capital
Mr. Aashish Bhinde, the rainmaker credited with making Avendus Capital the go-to investment bank for Indian consumer Internet start-ups, has decided to quit the firm and take a sabbatical. Mr. Bhinde has been heading the digital and technology division at Avendus. Under his watch, the team has closed 60 transactions since 2011, raising over $3.5 billion. Mr. Gaurav Deepak, Avendus co-founder and managing director, will be taking charge of the vertical. Mr. Bhinde started the franchise in 2011 with a five-member team that has grown to 24. “We have built a strong team with deep experience in the space. And that is why we are not hiring anyone from outside to run the team. Mr. Gaurav Deepak will take over it, given that this is a very critical business for the firm. Mr. Karan Sharma and Mr. Pankaj Naik, the two directors, will run the day-to-day business,” Mr. Bhinde said in a phone interview. His decision to leave comes a year after KKR and Co. LP bought a 60% stake in the boutique investment banking firm for around $100-120 million.xss.
Source : 20-10-16   Compiled by
7th Pay Commission: Central government staff to be paid more incentives to acquire higher qualification
With the Central government gearing up to disburse both the hiked salaries and hiked allowances for central government employees from this month, there is yet another surprise waiting for the beneficiaries. The Diwali bonanza, as some are calling it for the central government employees has just gotten a little more sweeter with reports suggesting that more incentives will be paid to those who wish to acquire higher qualifications. The change has been brought about to encourage acquiring of new skills and higher qualifications by the employees. This comes after the 7th Pay Commission had recommended abolition of 51 allowances and subsuming 37 others, causing a lot of disappointment amongst the employees. The final decision of accepting or rejecting the recommendations however, rests with the Central government. After the abolition of allowances caused a stir amongst central government employees, an expert committee was appointed to review the allowances. The final report of the review committee is expected to come in the next two weeks, which means that those entitled to them, will also get their hiked allowances before Diwali. The CPC meanwhile has accepted the demand to retain some of its erstwhile cancelled allowances and even suggested a raise in the amount of some, which includes a hike in incentives paid for acquiring of higher education and higher qualifications. Reports suggest that the amount for staff has been accorded a steep raise between Rs. 2,000 to Rs. 10,000. The amount is subject to several caveats and will be applicable according to the existing norms related to such payments. In its report that was submitted to the central government on November 29, 2015, “The Commission appreciates the need to encourage acquiring of higher qualifications. At the same time, it is important that the knowledge so acquired is directly relevant to the scope of the employee’s occupation.” The Pay Commission had, however, refused to being the incentives at par with those payable to defence personnel, citing non-feasibility of the raise, ”in view of the different service conditions, mode of recruitment and other factors.”
Source : 19-10-16   Compiled by

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