Observer Dawn-Eng-Sep-2019 by OBSERVER DAWN

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Year-9, Issue-6, September 2019, Price : `300, USD 10

Transpiring Youngman of 'Gulf World'

Highness Sheikh Tahnoon Bin Saeed Bin Tahnoon Al Nahyan SEPTEMBER S EPTEMBER

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Editor-in-Chief

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India-UAE Plans to Move Towards New Goals

Letter From the Editor

he bilateral ties between India and the UAE are not only enduring but also prolific and primed for more growth. Having prospered for several decades, it has more recently advanced into a sterling partnership spanning multiple strategies, with both countries firmly committed to expanding collaboration in new sectors. Since the beginning of this year, several new points have been notched up on what is already a very notable bilateral relationship. In March, the late Sushma Swaraj serving as India’s Minister for External Affairs was invited by Shaikh Abdullah Bin Zayed Al Nahyan, UAE Minister of Foreign Affairs and International Cooperation, to participate as Guest of Honour in the 46th session of the Council of Foreign Ministers of the Organisation of Islamic Cooperation (OIC) in Abu Dhabi. In August, Nasdaq Dubai invited Navdeep Suri, India’s Ambassador to the UAE, to usher in India’s Independence Day by ringing the market-opening bell. Nasdaq Dubai’s statement said the ceremony reflected “the rapid growth of close financial and economic ties between the UAE and India”. Recently, during his state visit to the UAE, Indian Prime Minister Narendra Modi will meet His Highness Shaikh Mohammad Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and discuss bilateral issues affecting the two countries. Prime Minister Modi is also scheduled to receive the Order of Zayed, the highest civil decoration of the UAE, in recognition of his role in strengthening Indo-Emirati relations. Several other events highlight this soft power collaboration. In March, the UAE Ministry of Culture and Knowledge Development opened the Zayed-Gandhi Digital Exhibition in the UAE capital to mark Mahatma Gandhi’s 150th birth anniversary. Organised in collaboration with New Delhi’s Mahatma Gandhi Digital Museum, the unique exhibition celebrates the values and legacies of Shaikh Zayed, founding father of the UAE, and Mahatma Gandhi, the father of Indian independence. In April, Indian priests chanted Vedic verses during a two-hour foundation stone ceremony for the first Hindu temple in Abu Dhabi. The same month, India was Guest of Honour at the 29th edition of the Abu Dhabi International Book Fair.

Far be it that this friendship draws on shared interests in art, aesthetics, tourism or tradition alone. Anchored on historic trade relations, the two countries have made steady progress in boosting and bolstering trade ties. The UAE is currently India’s third-largest trading partner, with total trade recently touching $60 billion (Dh220 billion) last year, and annual growth topping 11 per cent. Hitherto dominated by gold, jewellery and mineral products, both scope and size are slated to rise on the back of the Indian government’s initiatives such as Make in India, Digital India and Smart Cities. The UAE is also steadfast as the highest contributor to India’s remittance inflow; last year, this amounted to $17 billion out of a total inflow of $69 billion. The UAE is home to approximately 3.3 million Indians, the highest concentration in any single foreign country, and the remittance figures are also expected to grow. Both governments look upon their strategic relationship as poised and primed to enter a more dynamic phase. By their expectations, bilateral trade will exceed $100 billion by 2020. The long-standing buyer-seller energy relationship between India and the UAE is quickly transforming into a multifaceted, interdependent partnership. nnn

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Briefing National

If Country Becomes Happy...

International

PM Modi to Address Annual ...

Feature

Business Outlook ATL Gets Letter of Intent from PFC Consulting...

Entertainement

National Film Awards...

Savitri Group Growing while Empowering...

Lifestyle

Technology

Facebook Strives to Make...

Cover Story

24 OBSERVER DAWN September 2019

Humanism and Brotherhood...

Here's Everything You Need...

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Briefing

Indian Economy

Special Story

‘Strategic Partnership’ Between India - UAE Touches...

Reflection

New Era of Indo-UAE Relationship...

Indepth

46 6

APL Apollo Serves Wide Spectrum Steel Products...

Travel

Top 10 Instagram Hotspots in Dubai...

Assocham

OBSERVER DAWN September 2019

Industries Govt Collaboration ...

Economic Slowdown in India: Why is this Serious?...

Environment

Climate Change behind Extreme Weather Events in India?...

Health

10 Simple Ways to Keep Your Heart Healthy and Strong...

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September 2019

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National

If Country Becomes Happy, Litigation Will Be Over: Chief Justice

raising Delhi government's 'Happiness Curriculum', Chief Justice Ranjan Gogoi said if the country is a happy lot, the problem of litigation will be over. Mr Gogoi who was addressing the Delhi government's first 'Happiness Education Conference', said, â&#x20AC;&#x2DC;I am very happy. This is a great day, the first anniversary of something big and unique. 1024 schools, 8 lakh students, 45 minutes every day, are learning to be happy.'"As far as the children are concerned, I think this is a brilliant idea. Catch them young when they are still open. Teach them to be happy. Teach them the values. As the chief justice of the country, I was thinking that if I have a happy lot of people in this country, my problem of litigation will be over. There will be no cases, because everybody will be happy. I've seriously thought about this, and I perhaps should share this with my colleagues, that we should perhaps have Happiness classes in our judicial academies also,' the CJI said. The inaugural session was presided by Lieutenant

Governor Anil Baijal. Chief Minister Arvind Kejriwal, and Deputy Chief Minister Manish Sisodia, were the Guests of Honor. The conference organised at the Talkatora stadium marked the culmination of a fortnight long 'Happiness Utsav' across all 1024 schools of Delhi Government. Speaking about the 'Happiness Curriculum', the Chief Minister said, "The Happiness Curriculum is not just another government scheme. It's a feeling that eight lakh students of Delhi government schools experience every single day. Every parent is observing this change." The Utsav followed by the conference was organized to celebrate the first anniversary of the launch of Happiness Curriculum in the schools of Delhi Government. The conference was attended by about 3000 teachers, principals and children of Delhi Government schools apart from 500 other distinguished guests from different parts of the country and world.

clause which provides for jailing the husband for three years for pronouncing `triple talaq` to his wife. The Bill was passed with 99 members in its favour while 84 members voted against it in the final division. In the division on referring the Bill to the Select Committee, the government got 100 votes while 84 voted against it. The BJP led NDA government, which does not have a majority in the Upper House, managed to smooth-sail for the contentious Bill because parties like AIADMK, which has 11 members and JDU, with six, walked out after recording their opposition to the Bill. The BJD had supported the Bill. At least five members of the Congress, some from Trinamool Congress, SP, BSP and others belonging to parties like BSP, YSRCP, and TRS reportedly abstained from voting. NCP`s Sharad Pawar and Praful Patel and Jharna Das Baidya of CPI(M) were also absent.

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President Ram Nath Kovind Gives Nod to Bill Criminalising Triple Talaq resident Ram Nath Kovind gave his assent to the Muslim Women (Protection of Rights on Marriage), Bill, 2019, which criminalises instant `triple talaq` among Muslims and attracts a jail term of three years for the husband. With the President`s approval, the Bill has become an Act. Soon after the Bill was passed by the Rajya Sabha, Kovind had tweeted: "Passage in the Rajya Sabha of Muslim Women (Protection of Rights on Marriage) Bill completes Parliament`s approval of ban on the inequitable practice of triple talaq. A milestone in the quest for gender justice; a moment of satisfaction for the entire country." The Central government had scored a major victory in the Rajya Sabha on the back of cracks in the Opposition when the House passed the Triple Talaq Bill after rejecting the Opposition`s demand to refer the Bill to the Select Committee and to remove the criminality

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Cabinet Approves MoU between India, Bahrain On Coop In Outer Space

he Union Cabinet was apprised about the signing of Memorandum of Understanding between India and Bahrain on cooperation in the exploration and uses of outer space for peaceful purposes, Union Minister Prakash Javadekar told reporters. Mr Javadekar said this MoU shall enable the following potential interest areas of cooperation such as, space science, technology and applications including remote sensing of the earth; satellite communication and satellite based navigation; space science and planetary exploration; use of spacecraft and space systems and ground system; and application of space technology. The pact, he said, would lead to set up a Joint Working Group, drawing members from DOS/ISRO and the Bahrain National Space Science Agency (NSSA) of the Government of the Kingdom of Bahrain, which will further work out the plan of action including the time-frame and the means of implementing this MoU. He also said that the pact will provide impetus to explore newer research activities and application possibilities in the field of

remote sensing of the earth; satellite communication; satellite navigation; space science and exploration of outer space. He said the financial contribution with respect to each specific activity would depend on the nature of joint activity and will be detailed in corresponding Implementing Agreements (Arrangements) or contracts. The cooperation with Bahrain government through this MoU would lead to develop a joint activity in the field of application of space technologies for the benefit of humanity. Thus, all sections and regions of the country will get benefited. Chief of the Bahrain National Space Science Agency (NSSA) and the Minister of Transportation and Telecommunication of Bahrain have expressed interest to have space cooperation with ISRO to Indian Ambassador in April 2018. As a follow up, on the request of MEA in July 2018, an MoU for India-Bahrain Space Cooperation was drafted and shared with MEA. Subsequently, Bahrain side has given its concurrence and both sides have arrived at mutually agreed version for signing.

surgery. “We opened up the jaw after administering general anaesthesia and saw a bag/sack inside it. The sack, weighing about 200 grams, was carefully removed and was later found to contain 526 teeth -- small, medium and big sized,” Senthilnathan said. Though some were very tiny particles, the doctors said, they had the properties of teeth. It took five long hours for the doctors to remove all the minute teeth from the sack. “It was reminiscent of pearls in an oyster,” the doctors said. “The boy was normal three days after the surgery,” said Pratibha Ramani, Professor and Head of the Department, Oral and Maxillofacial Pathology. According to the doctors, this is the first ever case documented in the world in which in an individual has been found to have so many minute teeth.

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Chennai Doctors Extract 526 Teeth from 7-Year-Old’s Mouth octors in Chennai have extracted an astounding 526 teeth from the mouth of a seven-year-old boy in a rare surgery performed at the city’s Saveetha Dental College and Hospital. Suffering from a rare case of “compound composite ondontome”, the boy was brought to the hospital with a swelling in his lower right jaw. “The parents first noticed the swelling when the boy was three years old. But they didn’t bother much as the swelling wasn’t much then and the boy did not cooperate with investigative procedures either. Later as swelling increased, the parents brought the boy to our hospital,” said P.Senthilnathan, Professor -Department of Oral and Maxillofacial Surgery at the hospital. He said, an X-ray and CT-scan of the boy’s lower right jaw showed a lot of rudimentary teeth following which the doctors decided on the

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September 2019

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International

PM Modi to Address Annual UN General Assembly Session

rime Minister Narendra Modi will address the annual UN General Assembly (UNGA) session on September 28, according to a provisional list released by the UN of the world leaders scheduled to speak at the 74th session of the United Nations.Mr. Modi is also expected to attend multiple high-level summits on the margins of the General Assembly session as well as hold bilateral and multilateral engagements during his visit to New York. His address to the world leaders at the UN in September will be his first after winning a second term as prime minister in a resounding electoral victory in May.The initial speakers’ list indicates that about 112 Heads of State, nearly 48 Heads of Government and over 30 Foreign Ministers will arrive in New York to address the General Debate. U.S. President Donald Trump, who had delivered his first address to global leaders from the General Assembly hall’s iconic green podium in 2017, will address the session on September 24. The U.S. is traditionally the second speaker on the opening day of the General Debate, after Brazil. Several high-level summits will be held on the margins of the 74th session of UN General Assembly. The High-Level Political Forum (HLPF) under the 74th session of the General Assembly is the first UN summit on the SDGs since the adoption of the 2030 Agenda in September 2015. tIn 2015, Mr. Modi had ad-

London Best City for Students in World

ondon has been named as the world’s best city for students for the second consecutive year, beating international cities like Tokyo and Melbourne that came second and third respectively on a new worldwide ranking. According to the rankings, India’s best student city is Bengaluru (81), followed by Mumbai (85), Delhi (113) and Chennai (115) out of a total of 120 cities ranked in the list. The ‘QS Best Student Cities Ranking’ compiled by global education consultancy QS Quacquarelli Symonds highlights each city’s performance across six categories — the number of top-ranked universities; the proportion of a city’s population made up of students; quality of life on offer; job opportunities available after graduation; affordability; and the feedback of the students themselves. “The fact that London has again been ranked the best city in the world in which to be a student is fantastic news — and is no surprise given that London is home to world-leading higher education institutions and a vibrant cultural life,” said London Mayor Sadiq Khan, who has been an outspoken campaigner for better student visa offers for students from around the world. Indian students in London registered a hike of 20% in 2017-18, marking an increase from 4,545 in 2016-17 to 5,455 in 2017-18. However, the numbers are still below the mark than could be achieved from a large student market like India due to a less than attractive visa regime which puts some off from applying to the

dressed the high-level UN Sustainable Development Summit ahead of the General Debate when world leaders had adopted the ambitious 2030 Agenda for Sustainable Development, an intergovernmental set of aspiration Goals with 169 targets. He had also attended the UN Peacekeeping Summit hosted by the then-U.S. President Barack Obama. In the summit, Mr. Modi had announced that India will contribute an additional battalion of 850 troops to UN peacekeeping operations. nnn

OBSERVER DAWN September 2019

U.K. Europe dominates the list in the latest ranking, with the German cities of Munich (4th) and Berlin (5th), followed by the French capital Paris (7th) and Switzerland’s Zurich (8th). The Canadian city of Montreal (6th), Australia’s Sydney (9th) and South Korean capital Seoul (10th) complete the top 10. Other British cities featuring in the top 30 are Edinburgh (15th) and Manchester (29th). nnn

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"Gratified By Cooperation from Great Friend India": US Sanctions Iran

he United States is "highly gratified by co-operation from a great friend and partner like India" on the Iranian oil sanctions, the White House said as the Trump administration slapped sanctions against Iranian Foreign Minister Javad Zarif, ramping up its tension with Tehran. "We have been highly gratified by cooperation from a great friend and partner like India, and even less well-aligned countries such as China, in making the rather obvious choice that the United States would be the business partner of choice, not Iran," a senior official told reporters after the Trump administration slapped sanctions against the Iranian foreign minister. India, which has galloping energy needs, went out of its way to co-operate with the United States. India has brought down the import of oil from Iran, with which it has historic and cultural ties, to almost zero. Referring to an open source information, the official said Iranian export of oil for July was at 1,00,000 barrels per day, which is down considerably from the previous historic low of 7,81,000. The official credited the Trump administration for this and added that Iran has very little to offer in terms of being a trading partner."The United States just continues to be appreciative, particularly of India's cooperation, and continues to be very mindful of India's legitimate energy needs," the senior official said responding to a question on reports about talks between India and Iran on oil trade through their own

currencies. "We are very happy as a major energy producer to contribute to what we see as an ample supply to the global market that can keep India amply supplied with energy," said the official requesting anonymity. A second senior administration official said that the US officials have been all over the world very carefully making sure that all of its partners and allies and companies around the world understand the consequences of violating the sanctions. nnn

Cabinet Approves Technical Liaison Unit of ISRO at Moscow

oon, the Indian Space Research Organisation (ISRO) will be able to collaborate with space agencies/industries in Russia and other neighbouring countries! Narendra Modi-chaired Union Cabinet approved the setting up of ISRO Technical Liaison Unit (ITLU) at Moscow, Russia. According to PIB, the unit will enable effective technical coordination for timely interventions on diversified matters with Russia as well as other neighbouring nations for the realization of the ISRO’s programmatic targets. The Liaison officer, deputed at the unit in Moscow from ISRO will provide technical information about the developments made in the field of research and technology as well as inputs arising from their meetings with government agencies, researchers and industries in the respective nations. The ITLU will also support the ongoing bilateral programmes of cooperation in space technology. It will also act on ISRO’s behalf on the matters referred. The Moscow’s ITLU office will be managed by an ISRO Scien-

tist/Engineer designated as “Counsellor (space)” on deputation. The person will be deputed from ISRO and supported by staff locally sourced. As per the plan, the process is likely to be completed within duration of six months, starting from the date of approval. Meanwhile, the Union Cabinet has also approved the Memorandum of Understanding (MoU) on Cooperation in the Exploration and Uses of Outer Space for Peaceful Purposes that was signed between ISRO and Bolivian Space Agency. The MoU will enable cooperation in potential interest areas like technology, space science as well as applications, including remote sensing of the Earth, space science and planetary exploration, satellite communication and satellite-based navigation, use of spacecraft, space systems, ground system, and application of space technology. Moreover, the MoU would lead to the establishment of a Joint Working Group, taking members from ISRO and the Bolivian Space Agency, which will further work out the plan of action including the timeframe along with the means of implementing this MoU. nnn

September 2019

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Technology

Facebook Strives to Make BrainReading Computer a Reality

he day is not far off when you can do away with the keyboard to type text on your computer. The machine will read your mind and know what you wish to type and do it automatically. At least this is the impression Facebook is giving out based on a research it is working on. The company first came out with the idea a couple of years back and their Facebook Reality Labs is involved in the research and the device they are working is a non-invasive wearable one. The device will be capable of reading the thoughts of the wearer’s mind and start typing those thoughts into text. The lab is getting assistance from researchers at the University of California, San Francisco. The concept of this reading of the brain is being worked on the basis of how patients of epilepsy have electrodes implanted in their brains to sense the brain’s functioning and predict seizures. This is how Andrew “Boz” Bosworth, Facebook vice president of AR/VR had tweeted on this development: “Today we’re sharing an update on our work to build a non-invasive wearable device that lets people type just by imagining what they want to say. Our progress shows real potential in how future inputs and interactions with AR glasses could one day look. Today we’re sharing an update on our work to build a non-invasive wearable device that lets people type just by imagining what they want to say. Our progress shows real potential in how future inputs and interactions with AR glasses could one day look. A caveat to be added however is that this development is still quite some time away from being successfully demonstrated. It is a concept and possibly a doable one and Facebook claims it is on the right track and will succeed. nnn

OBSERVER DAWN September 2019

Hike Launches Web Platform of Its Messaging App

fter crossing one million weekly active users, home-grown tech start-up Hike launched the web version of its app Hike Sticker Chat, which will enable its users to chat over their personal computers as well. "Hike Sticker Chat has crossed 1 million weekly active users. We are now unbundling our app. Instead of focussing on just app, we are also going to multiple (platforms). This week, we have started rolling out Hike on the web. It can be used even if the user's phone is switch off," founder and Chief Executive Officer Kavin Bharti Mittal said. He said that while working on desktop or laptop, people do not want to keep looking at their phone. "With web application, we are making it convenient for them to engage with their friends.” The company has also started rolling out auto-backup of users' data. "People change their phone more often; there is massive tediousness around back-up. We needed to resolve it once and for all because data is so cheap. Everybody wants back-up. Those who don't want to have back-up can choose not to have back-up," Mittal said. To push adoption of the Hike Sticker Chat app, the company is also working on a feature to allow sharing of stickers across all messaging platforms. Hike Sticker Chat has over 40,000 stickers available in more than 40 Indian languages and dialects. It expects to have over 1 lakh stickers across languages by the end of the year, with an aim to cover a larger percentage of every major Indian language's vocabulary. An average user of Hike spends 33 minutes on the app with over 55 million stickers being exchanged weekly, Mittal said. Founded by Mittal, Hike is backed by SoftBank, Tiger Global, Tencent, Foxconn and Bharti. nnn

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Nasa's Tess Discovers A Super-Earth 31 Light-Years Away, Could Harbor Life

cientists have characterised the first potentially habitable world outside our own solar system located about 31 light-years away. The super-Earth planet — named GJ 357 d — was discovered in early 2019 owing to NASA's Transiting Exoplanet Survey Satellite (TESS), a mission designed to comb the heavens for exoplanets, according to the research published in the Astrophysical Journal Letters. "This is exciting, as this is humanity's first nearby super-Earth that could harbour life — uncovered with help from TESS, our small, mighty mission with a huge reach," said Lisa Kaltenegger, associate professor of astronomy at Cornell University in the US and a member of the TESS science team. The exoplanet is more massive than our own blue planet, and Kaltenegger said the discovery will provide insight into Earth's heavyweight planetary cousins. "With a thick atmosphere, the planet GJ 357 d could maintain liquid water on its surface like Earth, and we could pick out signs of life with telescopes that will soon be online," she said. Astronomers from the Institute of Astrophysics of the Canary Islands and the University of La Laguna, both in Spain, announced the discovery of the GJ 357 system in the journal Astronomy & Astrophysics. They showed that the distant solar system — with a diminutive M-type dwarf sun, about one-third the size of our own sun — harbours three planets, with one of those in that system's habitable zone: GJ 357 d. Exoplanet GJ 357 c sizzles at 127 degrees Celsius and has at least 3.4 times Earth's mass. However, the system's outermost known sibling planet — GJ 357 d, a super-Earth — could provide Earth-like conditions and orbits the dwarf star every 55.7 days at a distance about one-fifth of Earth's distance from the sun. It is not yet known if this planet transits its sun. nnn

New Cars Increasingly Vulnerable to Hackers That Could Leave Thousands Dead: Report

consumer advocacy group has warned that automakers are rolling out new vehicles increasingly vulnerable to hackers, which could result in thousands of deaths in the event of a mass cyberattack. In a new report Los Angeles-based Consumer Watchdog said cars connected to the internet are quickly becoming the norm but constitute a national security threat. “The troubling issue for industry technologies is that these vehicles’ safety-critical systems are being linked to the internet without adequate security and with no way to disconnect them in the event of a fleet-wide hack,” the report said. The report was based on a five-month study with the help of more than 20 whistleblowers from within the car industry. The group of car industry technologists and experts speculated that a fleet-wide hack at rush hour could leave about 3,000 people dead. “You can control all sorts of aspects of your car from your smartphone, including starting the engine, starting the air conditioning, checking on its location,” said one of the whistleblowers, who were not identified. “Well, if you can do it with your smartphone anybody else can over the internet.” The report recommends all connected vehicles be equipped with an internet kill switch and that all new designs should completely isolate safety-critical systems from internet-connected infotainment systems or other networks. But Gloria Bergquist, a spokeswoman for the Alliance of Automobile Manufacturers, the leading advocacy group for the auto industry, suggested the report was aimed at creating hype ahead of a cybersecurity event in Las Vegas. “Consumers should exercise good cyber hygiene in all they do, including properly pairing a phone to a car, deleting phone data from rental cars (if paired), and being active in doing the maintenance and updates as requested for phones and vehicles,” she said. nnn

September 2019

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Business Outlook

ATL Gets Letter of Intent from PFC Consulting

n a view to build, own, operate and maintain transmission project for a period of 35-year in Rajasthan, the Adani Transmission Ltd (ATL), has got the Letter of Intent (LoI), from the PFC Consulting Limited. Noticeably, the PFC consulting limited is completely owned subsidiary of PFC Corporation Limited.The project known as, the ‘Bikaner - Khetri Transmission Limited’, consists of approximately 480 cktkms of 765 kV line, apart from an associated transmission system. This project is primarily being constructed to establish Transmission System associated with Long Term Applications from Rajasthan Solar Energy Zone (SEZ) Part-D. This project has been awarded to ATL through Tariff Based Competitive Bidding Process. With this win, the cumulative transmission network of ATL will reach around 13943 cktkms of transmission line and 23,280 MVA transformation capacity, out of which approximately 11,347 cktkms and 18,330 MVA is under steady state operation including the benchmark distribution network serving about 3 million customers in Mumbai. With this, the state of Rajasthan will not only help the Company re-enforce its position as the largest private sector transmission company operating in India but also allow the Company to contribute towards renewable energy infrastructure development of the state and country. The win also takes the Company closer to its ambitious target of setting up 20,000 ckt km of transmission lines by 2022. The project will bolster the pan India presence of the company and should also bring in the benefits of economies of scale to the business in India. As a part of its mission 2022, the ATL has resolved to set up a 20000 circuit kilometers transmission lines by the year 2022. nnn

OBSERVER DAWN September 2019

Auto Industries, Govt Must Work Together to Make India Pollution-free

nion Minister for Heavy Industries and Public Enterprises, ArvindGanpatSawant, said that the auto industry must work together with the government in order to make India a pollution-free nation. Sawant was addressing audience during a mega event, International Conference on Electric Mobility, organized by ASSOCHAM in New Delhi. Auto industries, in India, have faced multiple threats over the past few years. “Auto industry contributes seven per cent to the GDP but over the past few years we saw major decline. As such, we must take a serious not of it. Not only the Government, instead, we both, join together and long for the best”, Sawant said while inaugurating the mega event. “The government is offering subsidy for electric vehicles due to high battery costs, R&D initiatives must be carried out in terms of metals, chemicals used to manufacture batteries to reduce their costs”, he added. The minister urged the industry to come up with fresh suggestions so that they, together, could do something concrete in this regard. “We have invited Expression of Interest (EoI) seeking proposals for availing incentives under the Fame Scheme Phase II for deploying 5,000 electric buses on operational-cost-model basis across select cities, it received 15,000 applications to the magnitude of three times”, Sawant said.He further said that with a view to promote electric mobility and incentivise the manufacturers, the government brought down the GST rate from 12 per cent to five per cent and removed cess. The ASSOCHAM president, B.K. Goenka said, “The government has already taken initiatives for e-mobility and proposed to make India an e-vehicle country by 2030. This decision is timely and would enhance the potential of the sector”. nnn

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Donor Mother Can Also Check Infant Mortality

he health experts across the globe believe that breast milk is the best nutritional source of food source, not only for the healthy, but also for the premature or low birth weight infants. It has capacity reduce infant mortality. In absence of own mother, breast milk can also be procured from a healthy donor mother is the best possible way. But in certain medical situations, mothers are unable to breastfeed their newborns or unable to produce sufficient milk for their babies. Dr. Raghuram Mallaiah, the director & HOD, Neonatology at Fortis La Femme says that in all the cases, pasteurized donor milk is the best and essential recommendation for the children. The Amaara Milk, set up to save newborns, babies with safe, hygienic breast milk and those mothers, who are unable to breastfeed, has been able to help 716 babies during their neo-natal intensive care unit stay, create a strong volunteer base of 190 donors and pasteurize 1155 liters of milk. In 2016 in Delhi-NCR, the Fortis La Femme, in collaboration with the Breast Milk Foundation (BMF), a non-profit organization, has established the first Pasteurized Human Milk Bank, ‘Amaara’. The main motive was to save newborns, babies with safe, hygienic breast milk and those mothers who are unable to breastfeed. For the purpose, since 2016, we have been associated with 38 hospitals across Delhi/NCR where we are able to provide pasteurized milk to babies who are admitted in the NICU and who are critically in need of breast milk. The process to apply as a donor is to register, get a physical checkup. The selected mothers have to express the milk and store in refrigerators so that it could to be collected by the concerned staff. nnn

Govt to Support Global Growth of Flagship Industry

he Union Government would extend all supports for the global growth of India’s flagship industry, said the Union Commerce and Industry Minister, Piyush Goyal. “We will make all possible efforts to facilitate the IT service industry so that it could be enabled to engage with China, Japan and Korea in different activities”, Goyal said. The Minister urged India’s IT services companies to explore other markets and not be inhibited in operating in countries that are non-English speaking. He also appealed the top five Indian IT firms to create a corpus so as impart training to the manpower in languages like Mandarin, Japanese and Korean for accessing the markets in these countries.Goyal held a meeting with senior managers of IT companies here on Wednesday which discussed opportunities for Indian IT companies to invest and grow their business in new markets like the Nordic countries, Eastern and Central Europe, Canada, Australia and Africa and also explore avenues for greater investments and growth in East Asian markets like China, Japan and Korea.India’s IT industry contributed 7.7 per cent to the country’s GDP in FY 2017 and is expected to contribute 10 per cent of India’s GDP by 2025. According to NASSCOM, the sector aggregated revenues of USD 160 billion in 2017. The United States account for 2/3rds of India’s IT services exports. Exports from the industry increased to USD 137 billion in 2019, while domestic revenues advanced to USD 44 billion. Chinese IT services market is the third largest in the world. The IT Services in China, has however created several obstructions and challenges for Indian IT companies. As such, it would be tough to set up their entities in China. nnn

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Entertainement

Akshay Kumar Reveals Son Aarav Is His Science Teacher

A National Film Awards: Vicky Kaushal and Ayushmann Khurrana Share Best Actor

he National Film Awards, announced today by jury head Rahul Rawail, paid rich dividends for several Bollywood films with Uri's Aditya Dhar being awarded Best Director and male lead Vicky Kaushal sharing the Best Actor prize with Ayushmann Khurrana, whose films AndhaDhun and Badhaai Ho were both rewarded. Uri also won the awards for Background Music and Sound Design; AndhaDhun won Best Hindi Film and the Adapted Screenplay prize for director-writer Sriram Raghavan. The Best Feature Film award went to Gujarati film Hellaro, which also won a Special Jury Award for its cast, but there were plenty of other honours for Bollywood. Sanjay Leela Bhansali's controversial "Padmaavat" struck gold with three awards - Best Music Director for Mr Bhansali, Best Choreography for the song Ghoomar, Best Male Playback Singer for Arijit Singh. Badhaai Ho won the prize for Wholesome Entertainment and Best Supporting Actress for Surekha Sikri. PadMan, starring Akshay Kumar, was named Best Film on Social Issues.Keerthy Suresh won Best Actress for her performance in Mahanati, which also won Best Telugu Film. Lyricist Swanand Kirkire was named Best Supporting Actor for the Marathi film Chumbak. Hima Das, whose film Village Rockstars was awarded last year and also picked as India's Oscar entry, featured in the honours list again - her film Village Rockstars was named Best Assamese Film. Nathicharami won five awards including Best Kannada Film and a Special Mention for actress Sruthi Hariharan. The announcement of the most prestigious awards the 66th National Film Awards 2018 is being held at Shastri Bhawan in New Delhi. Early in the day, the jury members submitted their report to Information and Broadcasting Minister Prakash Javadekar with their final recommendations in different categories. This year, the awards were postponed from April-May because of the Lok Sabha elections. nnn

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fter creating awareness about sanitation and menstruation through his films, Akshay Kumar is now returning to the big screen with an inspiring story, the incredible story of country's first interplanetary mission - Mars Orbiter Mission (MOM). Directed by Jagan Shakti, Mission Mangal has Akshay in the role of a scientist and mission director. While the 51-year-old is happy to play a new character, in real life, he calls his 16-year-old son his science teacher. In an interview with Mumbai Mirror, when Akshay was asked if he talks science and technology with his son, the Pad Man actor said that the new generation has more exposure on the topic than him. "We don't discuss, he tells me things. It's a different learning experience. My son is like my science teacher," said Akshay Kumar. Talking about his own tryst with science as a child, Akshay recalled an incident wherein he damaged his dad's transistor thinking that he had made a scientific breakthrough. "He paid Rs 175 for a shiny red transistor. I was five years old and having a radio was a big thing at the time. I would listen to songs on it. A few days later, I showed him a black circular object that I had discovered. It would stick when I threw it at the cupboard. He said, 'That's a magnet. Where did you get it?' I told him that I had taken it out of the radio," added the actor. With only a few days left for Mission Mangal to hit the screens, the entire team is busy promoting the film. In Mission Mangal, Akshay plays a senior scientist at Indian Space Research Organisation. The film narrates the true story of ordinary people who made it possible for India to reach Mars. Apart from Akshay Kumar, the film also stars Vidya Balan, Sonakshi Sinha, Taapsee Pannu, Kriti Kulhari, Nithya Menen and Sharman Joshi. nnn

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When Shah Rukh Khan Made Melbourne

Dance To Chaiyya Chaiyya

here is no denying the fact that Shah Rukh Khan has a massive popularity not only in India, he is also a popular name across the globe. The reason we brought this up today is because the actor, who is currently in Melbourne for the ongoing Indian Film Festival of Melbourne (IIFM), performed to the iconic track Chaiyya Chaiyya from his film Dil Se and the crowd went into a state of frenzy (why are we not surprised). The video from the event is going insanely viral, in which the 53-year-old actor can be seen performing to the song as the crowd cheers for him in the backdrop. SRK even received an Excellence In Cinema Award at the film fest. Besides SRK, the Indian film fraternity was well-represented by Arjun Kapoor, Tabu and filmmaker Zoya Akhtar among other stars at the IIFM. Zoya Akhtar's musical - Gully Boy, starring Ranveer Singh and Alia Bhatt, won the Best Film Award, while Tabu took home the trophy of the Best Actress for her performance in the 2018 thriller Andhadhun. Vijay Sethupathi won the Best Actor for his performance in the Tamil film Super Deluxe.On the work front, Shah Rukh Khan will soon produce Netflix original series Betaal. The actor, who was last seen Aanand L Rai's Zero, has reportedly signed Shankar's underwater sci-fi film. However, he is yet to confirm the development.

Taapsee Pannu's Reaction to Being Called 'Sasti Copy' By Kangana Ranaut's Sister

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aapsee Pannu, recently interacted with the media at a promotional event, wherein she was asked about being called "sasti copy" by Kangana Ranaut's sister Rangoli Chandel, who doubles up as the actress' manager and represents her on Twitter. The Mulk actress, cryptically hinting at Rangoli Chandel's remarks said that she considers "Kangana a very good actress" and that she is "not affected by anything that she says", reports news agency PTI. Taapsee Pannu found herself on the receiving end of brutal criticism from Kangana Ranaut's sister Rangoli Chandel earlier this year, after she didn't mention Kangana's name in an appreciation tweet for the trailer of Judgementall Hai Kya, Rangoli referred to Taapsee as a 'sasti copy' of Kangana. During the interview, Taapsee said, "For me, Kangana is a very good actress, she was and she still is... But other than this, she doesn't affect me in my life. It doesn't affect me what she says. There are a lot people saying lot of things on my Twitter timeline." The Mulk actress added that she has never spoken to Kangana but since she happens to be her senior in the industry, she wouldn't mind greeting her. "I have never spoken to Kangana. She is my senior and if I ever see her in my vicinity or around me, I can go and say hello to her. I have no qualms about it," PTI quoted Taapsee as saying. Taapsee Pannu is best-known for her performances in films such as Pink, Naam Shabana, Soorma, Mulk, Manmarziyaan and Badla among others. Taapsee has an impressive line-up of films which includes the biopic Saand Ki Aankh and Tadka. She will next be seen in Mission Mangal, co-starring Akshay Kumar, Vidya Balan, Sonakshi Sinha, Kriti Kulhari and Sharman Joshi, in the pipeline. nnn

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Feature

Savitri Group

GROWING WHILE EMPOWERING

ntrepreneurs can change the way we live and work. If successful, their innovations may improve our standard of living, and in addition to creating wealth with their entrepreneurial ventures, they also create jobs and the conditions for a prosperous society. Mr. Ravi Shankar Rai is one such entrepreneur. Mr. Ravi Shankar Rai, after completing his studies started his career in 1994. While working in various organizations till 1999, he had seen difficulty faced by youth in getting a suitable job, especially those who came from rural India. He visualized the problem faced by youth and somewhere in his mind a vision was taking shape as he felt he would not be able to serve the society doing such job. He had seen unemployed youth striving for their living and wanted to do something for them. Ultimately he decided to be an entrepreneur himself. Lack of capital did not deter him from achieving his goal. A self-motivated business enthusiast with a mission to generate employment for under privileged youth from villages and lower strata of society, he set up his start up from a hutment in Delhi. Through the years he has been able to put his business on sound footing and has been able to serve the society through his determined effort. Now, the group employs about 1600+ personnel consisting

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of mainly technical experts in telecom field and other highly skilled professionals. Employment generation is his passion and he keeps on trying to involve more and more people in this passion by motivating/helping them to start their own venture/business and also generate employment themselves instead of being an employee. He wishes to take in more and more people as he expands Savitri group. Founded by Mr. Ravi Shankar Rai in 1999, Savitri group is having following organizations under its umbrella:

• Savitri Telecom Services. • Savitri Telecom Pvt. Ltd. • Savitri Holding Pvt. Ltd. • Savitri Techno Industries Ltd. Savitri group of companies are involved into multiple business lines covering complete portfolio of products, services and solutions in Telecommunication field. SAVITRI Group is catering Indian market for all solutions relating to Electrical, Telecommunication, Electronics, IT/Networking, CATV, CCTV and Security Surveillance and serving Educational, Railway, Gas, Power, Oil, Defense, CATV and Safety & environment segments. Savitri Group of Companies is involved into multiple business lines having 7 Verticals:

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T&M Technology Solutions Providing complete T&M and Technology Solutions for Communication / IT / Electrical /Telecom network

Manufacturing Manufacturer of best quality OFC / Copper /RF / Networking products

Service, Repair & Calibration Single window solution for calibration, repair and services of Test & Measurement instruments and Machines

Projects/EPC Providing Turnkey project solutions for Technology / Communication / IT / Electrical /Civil Construction

Operation & Maintenance Providing 24x7 maintenance services for Telecom and OFC Networks

Infrastructure Building OFC networks, FTTH network, IBS, CCTV, and Surveillances & Tower Infrastructure

Leasing of Telecom Equipments

The Buzzword at SAVITRI is value addition 1- Value addition for customers 2- Value addition for employees 3- Value additions for partners 4- Value addition for industry/Society/country Savitri Group has a broad vision under which it wants to add value for its customers. This value chain comprises of end products or services as well as personnel who are at the forefront of this value addition chain. Savitri Group believes that customers are not just a source of revenue but a constant trainer by helping us to set benchmarks in customer satisfaction and efficiency. They are one stop solution for our customers in technology, services, solution and advisory. Savitriâ&#x20AC;&#x2122;s constant endeavor is to strive for growth of employees. It has empowered each and every member of organization to Think, Innovate and operate independently. This work culture has tremendously helped it in creating world class entrepreneurs within the organization who have taken the company to great height. It believes at total development of the employee not just in the office but overall growth for healthy and satisfied living. It holds training sessions from time to time not just to increase efficiency but also for the employees to pursue their inner calling by enriching their life. It sincerely believes in long term relationships where its partners have not changed since inceptions of the company. It has grown together all these years. It has constantly upgraded itself and helped partners in upgrading technology, innovation and skill set. In its endeavor of creating knowledge based society, it trains and grows people directly from school/colleges/ society. This reflects in its workforce as well where 90% of them are at their first job. Presently, Savitri Group is working with more than 5000 customers in various Private and Government sector like Telecom, CATV, ISP, Power Gas, Oil, Education, Information technology, Central and State Govt. Departments, Defense, Railways, PSUs and other allied business houses in India. Savitri puts huge emphasis on integrity in every sphere of life and it sincerely practices what it believes in. nnn

Providing leasing services of various Test & Measurement instruments & other telecom solutions

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Lifestyle

Here's Everything You Need to Know About Emirati Clothing

hen one mentions the Emirates, one immediately thinks of men in turbans who obligate their women to wear the burkah! This is very clichĂŠ. For a start, turbans originate from Asia. They were originally worn by the Perse (Iranians) and spread to the Ottomans (Turks) and is still worn in certain regions of India & Pakistan. However, the Arabs never wore them! Similarly, the burka is of Afghan origin and the Arabs have never worn them. Much of the Emirati national identity comes from their national dresses. These clothes have been worn for hundreds of years, from the times when the United Arab Emirates was populated by Bedouins. The majority of locals

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continue to wear their national dress regularly, as garments are especially suitable for the region’s high temperatures, dusty climate and religious beliefs.

Emirati Men’s National Dress The male national dress consists primarily of the Kandura, also known as dishdasha. This is a long white cloak. The color of the garment originates from Bedouin culture, as it is perfect to reflect the sun’s rays. Browns and grays are also worn more in the winter months. It is common for Emirati men to own over 50 Kanduras and to change them throughout the day, in order to keep their look crease-free and fresh. Men also wear the Guthra, a headscarf. The most common colors are white or white and red checks. The Guthra is also an item originating in Bedouin culture, as it protected men against the sand of the desert. The Guthra can be worn in different ways to indicate status and importance. Full national dress involves several other items, such as the Agal, the black rope tied around the Guthra. This was originally used by Bedouins to tie their camels’ feet at night when they were traveling. The Ghafiyah is headwear that looks exactly like the Muslim prayer hat but is hardly seen, as it is worn underneath the headscarf. Other common items are the Faneela, a vest worn underneath the Kandura; the Woozar, a piece of white cloth worn around the waist under the Kandura; and the Bisht, a garment similar to a jacket, typically worn on special occasions or by those in power. On their feet, Emarati men wear the Na-aal, traditional sandals. It’s said that Dubai locals are more likely to wear shoes, whereas those from Abu Dhabi tend to wear sandals.

Emirati Women’s National Dress Women in the UAE traditionally wear the Abaya. This is a long flowing black gown and can be plain or decorated with impressive designs. Abayas cost anywhere from 100 AED to 2500 AED. It is worn as a sign of modesty. However, it’s common for women to wear completely Western outfits under their Abayas. Women also wear a headscarf called the Shela, to cover their hair. This is normally black and made of very light material. Many women opt for designer scarves, such as Givenchy or Dior, which can even be matched to their handbags. For more traditional women, the Gishwa is an option. This black veil covers the entire face; it is thin enough to see out of, although nobody can see their faces. A third option is the Burqa, which only shows the eyes. Together these women’s garments are known as the Hijab, which essentially means head covering. Although modesty is the goal, women still enjoy accentuating their visible features through make up, traditionally Kohl used on the eyes like eyeliner. Another way of embellishing their look is through henna, a temporary tattoo typically applied to a woman’s hands. Henna is made from dried leaves, and the designs made with it are beautiful. Women in the UAE love their jewelry, making this an essential part of their national dress. In the past, women carried all their savings in the form of jewelry, in the absence of banks. Women wear everything, including gold and silver bracelets, earrings, rings, anklets and more. nnn

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Cover Story

‘Humanism and Brotherhood’

Dominate the Nature He believes in serving people to spread the essence of humanism and brotherhood. Being an inevitable part of the Royal family of United Arab Emirates, this young prince believes in being a happy spreading the essence of love, happiness and brotherhood among all.

Pravin Kumar Mishra

et us welcome, the 29-year – old Prince of Abu Dhabi, his highness, Sheikh Tahnoon Bin Saeed Bin Tahnoon Al Nahyan, who is the Grandson of the ruler of the Emirate of Al Ain, United Arab Emirates. Serving in Army made him learn the importance of patience and resilience. He, significantly, believes in seeing the actual happiness of the people around him and in general. And, these are the reasons that kept this Prince of Abu Dhabi,

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motivated to do the best in his professional as well as personal life. This benevolent heritor of ‘Al Nahyan’ family strongly believes in all-around development of the masses. Belonging to the Royal Family of UAE, this pearl of Abu Dhabi is often termed as true worshiper of humanism and brotherhood. He truly believes in spreading equality between men and women. Whether it is sports or real life activities, the sacred thoughts of the prince can be witnessed through his work style that always favored

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genuinity. He carried out the various important works in the areas of public and charitable service, apart from contributing to strengthen national unity and stability. This young prince of UAE has a passion for sports, technology and human development, especially in the areas of education. However, most of his business activities are focused towards these industries. This unique personality of the Emirates’ Royal family is dedicated to education and women empowerment. “If you educate and empower a woman, you don’t change that individual, instead you impact her family and the entire community that is real substantial progress”, the young prince says through his takes on his office website. Consequently, he also lays emphasis in strengthening bilateral relations through enhanced trade. He thinks that there is no innovation, creativity or incentives for improvement without change. It is seen that Sheikh Tahnoon has a passion for sports, technology and human development and education. The Observer Dawn bureau though could not connect his highness, this scribe though summed up his takes from different sources. During an exclusive interview with a media group last year in India, his highness had shared his feelings. He also had thrown light on his royal life and few significant features. Portions of his interview details are as follows:

How do you feel being an inevitable part of a Royal Family?

If you belong to a royal family, it’s your responsibility to assure yourself that you are not committing anything wrong that may otherwise defy the dignity or integrity of your family. Our family reputation is much important than any other thing, particularly when we recite the ‘Royal family of Arab world’. As such, if you belong to a royal family, you are supposed to represent your family in a right way. On what motivates me, seeing people happy motivates me.

What’s your hobby?

I like watching football, not playing! I don’t have a specific team that I support but I enjoy watching the game. This apart, I love water sports like surfing or other such activities.

Which is your favorite place?

Among few others, London is my favorite place to where I do prefer to spend my holidays. Right from my childhood, I along with my family, visited some hotspots of London, especially during summer and hence making a lot of good memories over there.

How do feel serving in Army?

Apart from getting multifaceted experience from various other

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Cover Story

means, my one-year service in the army offered me the most adventurous experience. The Army training made me learn about how to keep patience even in tough time. Here, you have to go through multi-levels of training. It also taught me real value of endurance.

What’s your idea of fun?

Although, I am peace loving and ever smiling individual, but a few laughs with friends over dinner make me happy.

Which kind of vehicles you like most?

I like classic vintage cars. Although, I have not counted but I have many cars, though I like them watching in the garage rather than taking them out (laughs). The number of cars available is in almost two digits that may be between 10 – 99.

Do you ﬁnd any speciﬁc distinction between man and women, especially when we talk about sports?

No, I do not find any specific difference between women and men in sports. As both do the same thing with required efforts, they all should be given same weightage. Here, we must lay emphasis on encouraging women as much as we do it for men. In recent past, when it comes to Saudi Arabia, I think it is taken a very commendable step by encouraging the women. I am

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really very happy and hope that they would continue doing the same in days to come.

SBUs of Sheikh Tahnoon Bin Saeed Bin Tahnoon Al Nahyan

The Strategic Business Units (SBUs) of Sheikh Tahnoon bin Saeed bin Tahnoon Al Nahyan specialize in various areas. Most of the business opportunities are aligned with the proper direction of his Private Office. Some of the significant business units of the Royal Prince may be summed up as follows: Oil & Gas: This unit of business comprises maximizing operational efficiency. The Private Office helps partners optimize their operations safely and maximize production, while making the most efficient use of the regional resources. We help partners remain competitive by assisting them keep up with changing customer and market demands by drawing from our deep expertise and associations, helping them retain customer trust and operate profitably. Education: It focuses on providing life-changing education and increases the confidence level of students belonging to all age groups. This unit is also committed to make a positive contribution to the community – through key partnerships, support for good causes and innovation that enhances the way people learn. Our works is future focused and we look ahead – to see how technology and emerging methodologies can help us transform education. It ensures world class teaching, consulting, research, and service delivery and ethical standards so that the students could perform up to the mark. Defense & Security: This group helps defense ministries,

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intelligence agencies and other national-security organizations in addressing their most difficult challenges and important opportunities. The company assists its partners in providing solutions and technologies that are central to the nation’s defense and internal security. We help develop, modify and deliver partner portfolios to regional customers, blending international quality and reliability with multi-national ambition and cost efficiency. Real Estate & Infrastructure: It always searches better ways to help partners and building operators so as to adapt changing regulations and demands. Whether it’s enhancing the efficiency, optimizing performance or improving quality, the Private Office is a supportive partner you can count on. It often assists policy makers and developers in addressing the needs of growing urban populations while creating healthy and efficient cities. We ensure that our partners focus on services, such as: site inspections, building materials testing, project management, and construction supervision to secure long-term safety and performance of the assets. The Company’s real estate activities are focus on infrastructural connectivity by developing roads and highways, and operation and maintenance of such infrastructures. Healthcare: Being commercial expert, who has driven businesses for both large and small healthcare companies across the region, the Private Office of his highness can help with innovative approaches to establish a stronger market presence

and reach more consumers. Mainly, it aims to happy societies so that everybody could enjoy a secure and safe way of life. It believes that the healthcare is a crucial part of social infrastructure that supports from all corners. Hence, healthcare business is being considered as one of its core pillars. Manufacturing: This Company offers a wide range of solutions for a great variety of needs from number of industrial sectors. It has a broad infrastructure base for the production of components from a wide range of materials, as well as a high level of manufacturing expertise, apart from large network of strong partners. The Private Office of the Royal Prince is in a unique platform to help an individual to harness the power of the connected enterprise and create a highly optimized, lean manufacturing operation. The Company, along with its partners, manufactures demanding products with a wide range of requirements and applications in numerous industries across the region and around the world. Engineering: The Private Office draws its partners’ engineering expertise to deliver impactful and innovative solutions to meet the challenges of tomorrow. Its key partners are those who use latest versions of design tools and calculation programs in order to minimize development times. It contributes to the development of countries and the creation of better lives through the long-term, reliable supply of indispensable social infrastructure.nnn

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Cover Story

SocioEconomic

Journey of United Arab Emirates 28

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The socio â&#x20AC;&#x201C; economic journey of United Arab Emirates took off in the year 1968. Initially known as the Trucial State, the UAE is the federation of seven states. While the six, out of all 7 Emirates including Abu Dhabi, Dubai, Sharjah, Ajman, Umm Al Quwain and Fujairah merged as a federation on December 2, 1972, the 7th, remaining one, Ras al Khaimah, joined it on February 10, 1972 September 2019

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Socio-Economic Journey of UAE Begins in 1972...

Antiquities

Spread over the Persian Gulf, the UAE is situated in the SouthEastern coast of the Persian Gulf and the North – Western coast of the Gulf of Oman. The unified federations of seven gulf states, often termed as ‘Seven Sheikdoms’, were formerly known as the Trucial States. Although, the history of human habitation and transmigration goes back 125,000 years, the area was earlier the home of Magan people, who were known as the Sumerians. They believed on trading with both coastal towns and bronze miners. Evidently, when we look back, we find that even in ancient time the federations have a rich history of business and trade. Apart from various other activities, the region also witnessed several incursions and bloody battles during post ancient to pre-modern periods. Among others, the treaty of Perpetual Maritime Peace, signed in 1853, led to peace and prosperity along the coast and supported a lively trade in high quality natural pearls. But soon after the pearl trade collapsed, a significant hardship among the coastal communities took place. As a result, treaty of 1892 devolved external relations to the British as a part of protectorate

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status. It was in early 1968, when the Britishers decided to withdraw its interference from the Trucial States, which ultimately led to the decision for foundation of a Federation. However, two of the most influential Trucial Rulers, Sheikh Zayed bin Sultan Al Nahyan of Abu Dhabi and Sheikh Rashid bin Saeed Al Maktoum of Dubai agreed on formation of a common platform, thus crafting a fresh era of socio-economic development across the region. Consequently, the two giant leaders invited other Trucial Rulers to join the Federation. Finally in the year 1972, the united form of ‘Trucial State’, which evolved with the federation of seven ‘Sheikhdoms’ of the Arab world evolve as United Arab Emirates (UAE). And now, the UAE is a modern, oil exporting country with a highly diversified economy, with Dubai in particular developing into a global hub for tourism, retail and finance. This is also famous as the home of world's tallest building and the largest man-made seaport in the world.

Economic History

Previously, pearl diving, seafaring and fishing, together, were

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known as the UAE’s economy. But soon after the UAE came into existence or the federations seven ‘Sheikhdoms’ came into a common platform, the economic scenario changed and people living across the region, apart from the government machineries, adopted other mode of economies. A major change in the economic system is being marked since the development of Japanese cultured pearls and the discovery of commercial quantities of oil. The then UAE President, Zayed Bin Sultan Al Nahyan, is however, credited for creating a kind of revolution in the area of economic development in 20th centuries. Consequently, oil export emerged as major source of economy that again led to the multidimensional development of the region. Further, finding properties, not only in the oil industries, the former UAE vice-president, Rashid Bin Saeed Al Maktoum, looked for other industries. In 1980s, Dubai's diversification focused on trade, thus creation of shipping and logistics centers, especially the Port Rashid and Port and Free Zone of Jebel Ali as well as Dubai International Airport, led to a number of major global activities in shipping, transportation and logistics. In 2007 – 08, the global financial crisis, when Dubai was bailed out by Abu Dhabi, checked the emergence of Dubai's lively real

estate market. The recovery from the overheated market led to stronger regulations giving a boost to more realistic market for real estate in UAE. As such, many idle projects were resumed. As a result, with an estimated Gross Domestic Product (GDP) of $377 billion (AED1.38 trillion), the UAE emerged as the second-largest economy (after Saudi Arabia) across the Arab world in 2012. Oil industry contributed one third of the GDP. Right from its independence in the year 1971, the UAE's economy grew up by nearly 231 times to AED 1.45 trillion in 2013. The non-oil trade, however grew up to AED 1.2 trillion. And hence, a growth of around 28 times from 1981 to 2012 was witnessed. The UAE’s economic history goes back to the times when ships sailed to India, along the Swahili coast, as far south as Mozambique. With the individual share is almost $70000, the current GDP of the UAE is $386.4 Billion. International Monetary Fund expected UAE's economic growth to increase to 4.5% in 2015, compared to 4.3% in 2014. Globally, the UAE was ranked among the top 20 countries for global service business.

Emirates’ Economy Remains Unchanged in 2019

By making its economy the 9th freest in the 2019 Index, the United Arab Emirates’ economic freedom score has been gauged 77.6. Its overall score remains unchanged from 2018, with higher scores for property rights, judicial effectiveness and government integrity offset by a sharp decline in fiscal health. On the other hands, the Emirates ranked 1st among the 14 countries in the Middle East and North Africa region. However, its overall score is above the regional and world averages. As a matter of fact, the government needs to build on earlier efforts to upgrade the business climate. State-owned enterprises need at least partial privatization, and improvement of the regulatory regimes governing the financial, real-estate, cyber, and free-trade zone sectors would enhance their appeal to

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Cover Story foreign investors and visitors. Making the legal framework even more effective and independent should be another priority. A 5 percent value-added tax introduced in 2018 will increase government revenue but is likely to have a negative impact on the UAE’s tax burden score. Being a federation of seven monarchies that include Abu Dhabi, Ajman, Dubai, Fujairah, Ras Al-Khaimah, Sharjah and Umm al-Qaiwain, the UAE needs to be more conscious in order to maintain its growth and development. The Federal Supreme Council selects the president and vice president for five-year terms with no term limits. Noticeably, the federation has an open economy with a high per capita income and a sizable annual trade surplus. Economic diversification has reduced the oil and gas sector’s portion of GDP to 30 percent. In 2018, Abu Dhabi launched the $5 billion Ghadan 21 (Tomorrow 2021) development plan aimed at boosting competitiveness and entrepreneurship. Each emirate establishes its own land ownership procedures. The judiciary is not independent and court rulings are subject to review by the political leadership. Nevertheless, the rule of law is generally well maintained and the UAE comes under comparatively less corrupt regions across the world. Despite, several corruption cases involving former senior officials were in limelight till 2018, the nepotism and corruption persists. Government Size The UAE has no income tax and no federal-level corporate tax. Different corporate tax rates exist in some emirates and a new value-added tax has been introduced. The overall tax burden equals 8.9 percent of total domestic income. Over the past three years, government spending has amounted to 32.3 percent of the country’s output (GDP), and budget deficits have averaged 2.6 percent of GDP. Public debt is equivalent to 19.5 percent of GDP. In order to strengthen the business climate and foster the emergence of more diverse private sector, a broad-based economic

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expansion has been underpinned through recent efforts. Employment regulations are relatively flexible and the salary cost of employing a worker is not high. The government signed an agreement with the U.S. in 2018 aimed at resolving claims by U.S.-based airlines that Gulf carriers have received unfair government subsidies. The combined value of exports and imports is equal to 172.8 percent of GDP. The average applied tariff rate is 2.8 percent. As of June 30, 2018, according to the WTO, the United Arab Emirates had 69 nontariff measures in force. Investment efforts have focused on promoting private participation in nonoil sectors, but progress has been slow. About 91 percent of adult Emiratis have access to an account with a formal banking institution.

Economic Updates: An Overview

With the Emirates pushing infrastructure investments ahead of Dubai’s Expo 2020, a major growth in the UAE is forecast at 2.6% in the year 2019, which is likely to jump to 3% in 2020. The economic growth is forecast to reach 3.2% by 2021 supported by the government’s economic stimulus plans, hosting Expo 2020. In 2018, the major growth recovered to 1.6%. Though, fiscal and current accounts continued to recover. However, fiscal easing is underway to facilitate the nonoil growth recovery and this would be partially offset by the 2019 OPEC-mandated oil production cuts, which is supposed to dampen oil-sector growth in the first half of the year. Over the medium-term the growth recovery will be driven by the government’s commitment to structural reform and stimulus plans by the large emirates. In 2019, the pace of recovery will be muted by OPEC oil production cuts. By 2021, the economic growth is forecast to reach 3.2%. It would be supported by the government’s economic stimulus plans, impetus from hosting Dubai Expo 2020 and improved growth prospects in trading partners. Inflation is projected to

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moderate from 3.1% in 2018 to 2.1% by 2021 as the impact of the VAT rollout dissipates. Budgets for 2019 signal spending increases. The Dh 60 billion federal budget for 2019, 17.3% higher than the 2018 budget, is the largest in the countryâ&#x20AC;&#x2122;s history. Among others, the vital fiscal challenges are: raising spending efficiency, revenue diversification, and improving policy coordination and management of fiscal risks across the Emirates. The Gulf Cooperation Council (GCC) region is expected to increase from 2.0% last year to 2.1% in 2019, before accelerating to 3.2% in 2020 and stabilizing at 2.7% in 2021. The report commends ongoing reforms made towards improving the business environment in the region. However, to achieve more sustainable growth, the GCC countries need to support fiscal consolidation, economic diversification, and increase private sector-led job creation, especially for women and young people. This apart, enhancing human capital is an important task to achieve successful and sustainable economic diversification and growth. There are four approaches that can enhance human capital in the GCC if countries adopt a holistic governmental strategy to improving health and education outcomes.

Other GCC Countries: Outlook

Bahrain: Growth is projected at 2% in 2019, expected to reach 2.2% in 2020. Non-oil growth is expected to slow to 2.4%, due to front-loaded FBP fiscal measures and tapering mega-project

investments. Growth will resume in the coming years as efficiency gains from reforms materialize. Kuwait: Growth is forecast at 1.6% in 2019 due to OPEC+ oil output cuts in the first half of the year. The economy is expected to grow at around 3% by 2020 as higher government spending supports the non-oil sector. Oman: Growth is projected to slow to 1.2% in 2019 as Oman's commitment to the December 2018 OPEC+ output cut constrains oil production. There will be a one-off spike in growth to 6% in 2020 as the government plans to significantly increase investment in the Khazzan gas field. The potential boost from the diversification investment spending would continue supporting growth in 2021 and the medium term. Qatar: Growth is expected to reach 3% in 2019, accelerating to 3.2% in 2020 and to 3.4% by 2021, as the country continues construction operations in preparation for the 2022 World Cup. In addition, higher infrastructure spending on Qatar National Vision 2030 projects aimed at diversifying the economy should help boost investor confidence. Saudi Arabia: Growth is expected to slow moderately to 1.7% in 2019, as higher government spending offsets the impact of oil production cuts implemented in the first half of 2019. It should then recover to over 3% in 2020 as oil production cuts are reversed, and as large infrastructure projects generate positive spillovers to private sector growth. nnn

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Royal Families of UAE Cover Story

Six Royal Families Rules Over Seven Sheikhdoms that together form UAE...

Those Ruled Include...

• The Al Nahyan royal family is the ruling family of Abu Dhabi. • The Al Maktoum royal family is the ruling family of Dubai. • The Al Qasimi royal family rule two of the seven emirates that include - Sharjah and Ras Al Khaimah. • The Al Nuaimi royal family is the ruling family of Ajman. • The Al Mualla royal family is the ruling family of Umm Al Quwain. • The Al Sharqi royal family is the ruling family of Fujairah.

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Al Nahyan

The house of Nahyan is one of the six ruling families of the United Arab Emirates and is based in the capital Abu Dhabi. Al Nahyan is a branch of the House of Al Falahi. Being a branch of the BaniYas tribe and is related to the House of Al Falasi and also related to BaniYas House of Al-Yassi. Al Nahyans, who hails from Liwa Oasis, came to Abu Dhabi in the 18th century. They have ruled Abu Dhabi since 1793. Five of the rulers, who ruled from the late 1800s to early 1900s killed one another, were brothers.

Al Maktoum

The Al Maktoum family is the ruling royal family of Dubai,UAE. The family is a branch of the BaniYasclan. The Al Maktoum family descends from the Al Bu Falasah (presently known as Al-Falasi) section of the BaniYas, a tribal federation that was the most dominant power throughout UAE.

Al Qasimi

The Al Qasimi royal families are one of the six ruling families

of the UAE and ruled two, out of all seven emirates including Sharjah and Ras Al Khaimah.

Al Nuaimi

The Al Nuaimi family is the ruling royal family of Ajman, one of the seven emirates together comprising UAE. The family is a major tribal confederation, divided into three sections including Al Bu Kharaiban, Khawatir and the Al Bu Shamis. The Rulers of Ajman are drawn from the Al Bu Kharaiban section.

Al Mualla

The Al Mualla family is the ruling royal family of Umm Al Quwain, which belonged to the Al Ali tribe. The Al Ali were some 6,750 strong at the turn of the 19th century.

Al Sharqi

The Al Sharqi family is the ruling royal family of Fujairah, one of the seven emirates that together comprise the United Arab Emirates (UAE).

Al-Nahayan

This family tree shows the line of succession through UAE founding President Sheikh Zayed. Each of his most prominent sons is listed along with their current position within government and the Al-Nahyan family. Also included is an article profiling the Bani Fatima - the six sons of Fatima Bint Mubarak Al-Kitbi, Sheikh Zayed Bin Sultan’s most prominent wife. The Banifatima has long been a formidable group and MBZ’s succession would seem to seal its rise. The other five full brothers are all in positions of considerable power, both in the political establishment and also within the small group of powerful companies, which dominate the economy.

Prior to the United Arab Emirates came into existence in the year…., Sheikh Shakhbut bin Sultan Al Nahyan, brother of Sheikh Zayed, ruled Abu Dhabi from 1928 to 1966.

Since, 1966–2004: Sheikh Zayed bin Sultan Al Nahyan (1918–2004), founder of the United Arab Emirates

2004–present: Sheikh Khalifa bin Zayed Al Nahyan, Present President of the United Arab Emirates

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Special Story

‘Strategic Partnership’ Between

India - UAE Touches a New Height OBSERVER DAWN September 2019

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The United Arab Emirates (UAE) has again emerged as India’s most sought-after destination, especially among the gulf countries, in 2019. The incumbent UAE Government, the king of Crown of Abu Dhabi and the Indian Prime Minister, Narendra Modi, apart from topnotch businessmen of both countries may be credited for the entire development. Pravin Kumar Mishra

ith the Bharatiya Janata Party (BJP) lead National Democratic Alliance (NDA) Government coming to power for the second consecutive time in the last week of May 2019, the bilateral relations between both the countries are supposed to be stronger in days to come. The citizens as well as the government authorities, apart from these two old-mates have already exchanged multiple visits in both the countries. While, two official visits were made by the Crown Prince of Abu Dhabi, Mohammed bin Zayed al-Nahyan (who is also the Vice President and de facto ruler of the UAE) in February 2016 and January 2017, two others by the Prime Minister, Narendra Modi, respectively in August 2015 and February 2018. Meanwhile, significant numbers of meetings on various level like: Ministry, official and trade meetings by the top class businessmen from both countries were convened in New Delhi, Abu Dhabi and Dubai to discuss issues of mutual interests. The authorities concerned basically concentrated on investments in energy sector, real estate, defense, security ties, counter terrorism and others. The leaders of both the countries have however reached to the various remarkable decisions that ultimately proved significant for both the countries. India and the UAE have signed a number of agreements including for a 10 per cent participating interest to a consortium of Indian oil companies in the Lower Zakum offshore oil field in February 2018 and for Emirati participation in operationalizing India’s strategic oil reserve in Mangalore. Besides, there are concerns about the slow progress in realization of the US$75 billion investment fund from the UAE for infrastructure development in India that was agreed in August 2015. In this context, the June 24-30, 2018 visit of Foreign Minister of the UAE Abdullah bin Zayed al-Nahyan acquires another importance.

Businessmen, Traders in UAE Rejoices Modi’s Second Consecutive Term as PM

Top class businessmen and small scale traders, especially from the Indian origin, have expressed their happiness over Narendra Modi's outstanding victory as he was re-elected as the PM for the second consecutive term. They believe that the Modi Government’s second inning would encourage big international companies to invest in India due to a clear mandate and simplified tax structures, according to a media report. Chairman of the Lulu Group, Yusuff Ali, said, "Modi government has made it very easy and transparent for us and surely not only non-resident Indians

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Special Story but big international investors will be more confident in coming to india now, because of the clear mandate”. He noted that all the visionary leaders of various Arab countries share a great relationship with Modi which will be strengthened in the coming years, the Gulf News reported. The founder and chairman, NMC Healthcare, B R Shetty said that the new government would lead the country to the highest level. "I foresee India will be the leading nation in the world. The country will grow beyond expectations," he said. Rizwan Sajan, founder and chairman of the Danube Group, said "the government's simplified tax structures have helped many brands like us to enter Indian market to generate more business and provide employment opportunities. We wish the same continues and the nation keeps growing and shinning”. Joy Alukkas, chairman and managing director of Joyalukkas Group, congratulated PM, Modi, hopping that there would be some great initiatives for the gold and jewelry business. "As an entrepreneur, I look forward to the continued focus of the government for the growth of trade and commerce in India," he added.

Significant Ties between Both Countries are as Follows Financial and Commercial Tie

Significant aspect of Indo-UAE strategic ties comprises financial and commercial ties. The UAE is not only the largest trading partner for India in the Persian Gulf and the Middle East but also the third largest in the world. It is the second largest export destination and fourth largest source of imports for India. On the other hand, India is second largest trading partner, second largest

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export destination and third biggest source of imports for the UAE. The UAE is India’s re-export hub for the markets in Middle East and North Africa (MENA) region. The two countries now have agreed to partner to undertake developmental projects in the region. In this regard, the visit of Abdullah al-Nahyan reaffirmed the commitment of India and the UAE to “work together in select countries of sub-Saharan Africa in areas of priority to them, particularly through capacity-building initiatives, joint developmental projects in Agriculture, IT and ITeS, Health, Renewable Energy, Infrastructure, etc. aimed at supporting the achievement of Sustainable Development Goals”. As it is widely known that energy plays an important part in India’s engagement with the Gulf countries and the UAE is no exception. In fact, since 2014, India and the UAE have made significant progress in terms of cooperation in the energy sector. India is an energy hungry country and depends on imports for more than 80 per cent of its energy needs. The Persian Gulf fulfils nearly 60 per cent of India’s energy imports and the UAE is among one of the leading sources for energy imports, apart from Saudi Arabia, Iraq, Iran and Qatar. In 2017-18, India imported about US$9.08 billion worth of petroleum from the Emirates which constitute 6.86 per cent of India’s total value of energy imports. In fact, the current spurt in Indo-UAE relations has a significant energy component. The two countries plan to expand the current transactional energy relations to a strategic partnership. This will include enhancing two-way investments in energy sectors in both countries. India has shown willingness to invest in the upstream sector in the UAE that will alleviate the market fears and improve UAE’s place in the global energy space. At the

Ties in Energy Sector

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same time, the UAE has agreed to invest in the downstream sector in India which will help India shore up its strategic oil reserves and help expand the petrochemicals and petroleum products industry in India that currently contributes nearly 20 per cent of India’s total exports. Right from the year 2014, since Narendra Modi sworn in as the Prime Minister of India for the first time, to 2019, when he was re-elected as the PM, attracting global investments has been his priority. However, this has also been termed as the major aspect of his diplomatic engagement with global leaders. Many projects were introduced by the Modi government such as Make in India, Smart City, StartUp India etc. are focused on attracting foreign investments. This is true for the Gulf countries as well as the UAE which has promised to bring significant investments in India, including the promised deal of a US$75 billion investment fund. There is a significant jump in Emirati investment in India since 2014-15. The UAE is the 10th largest global investor in India and the leading country in the Middle East with a cumulative investment of US$5.75 billion between April 2000 and March 2018. In addition, many UAE companies have investments in India through sister concerns and joint ventures and according to the MEA, total investments in India from the UAE including the FDI is US$8 billion and this is mainly concentrated in five sectors: services (10.33 per cent), real estate (9.97 per cent), power (9.54 per cent), airline (8.44 per cent) and others.

Investment Plan

Both, India and the UAE, are concerned about growing threats

Cooperation in Security and Defense

from terrorism and radicalism and agree on the need for enhancing cooperation for preventing the spread of extremist ideas. The issue has been noted prominently in the joint statements issued after meetings between Prime Minister Modi and Crown Prince al-Nahyan in New Delhi and Abu Dhabi. They have on several occasions condemned use of religion to promote hatred and in February 2018 again “expressed strong condemnation of extremism and terrorism in all forms and manifestations, irrespective of who the perpetrators are and of their motivations”. Further, India and the UAE, have their condemnation for efforts, including by states, to use religion to justify, support and sponsor terrorism against other countries or to use terrorism as instrument of state policy. They have focused on improving military cooperation. In May 2016, Manohar Parikkar became the first Indian Defense Minister to visit the UAE and discussed strengthening of military ties and explored possibilities for joint defense manufacturing and selling Indian military equipment to the UAE. This was followed by the signing of a MoU to cooperate in the field of defense manufacturing and technology during the January 2017 visit of Crown Prince al-Nahyan. The Joint Defense Cooperation Committee (JDCC) was formed under the defense cooperation agreement that was renewed in 2014. Though, the last round of JDCC meeting was held in New Delhi in December 2017. However, it was decided that the first bilateral Naval Exercise would take place during 2018. Besides, the UAE has expressed interests for cooperation in the field of space research. India’s cost-effective and successful space program was noticed globally and this has evoked significant interest in the UAE. In February 2016, India and UAE signed a MoU on cooperation

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Special Story

in the area of space exploration and in February 2017, ISRO launched the Emirati Nano satellite Nayif-I. No doubt at all. A lot of progress has been made to strengthen Indo-UAE bilateral relations as many areas remain untapped. There is a potential to improve bilateral partnership in the hospitality, medical, education and renewable energy and research sectors. These areas have been flagged earlier and discussed during the meetings between Modi and al-Nahyan but have not been realized. India has a growing medical sector that offers cost-effective and world class medical tourism services and there is a significant potential to enhance partnership between India and the UAE in this area. Hospitality industry too can be an attractive area and has untapped potentials. The UAE has significantly invested in renewable energy sector and India can seek partnership in this field to be able to harness its own renewable energy sources and move towards a future of sustainable development. Scope for cooperation in education and research sectors too have remained underexplored and can be an important area for enhancing bilateral ties. The defense sector also has potential to enhance bilateral cooperation through joint exercises, training and familiarization program that should go a long way in forging better ties. In the year and half since the signing of the Comprehensive Strategic Partnership agreement, India and the UAE have made significant progress towards realization of its goals. A number of

A Step Ahead

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promising investment deals, especially in the energy sector, have been signed, counter-terror cooperation has improved and slowly but steadily, the two sides are on course to develop defense ties.

As Abu Dhabi celebrated the 29th International Book Fair in April 20o19, the organizing committee’s decision to give the guest of honor to the Indian writers was widely welcomed by the laureates as well as the other communities including the political leaders, government officials and the businessmen. The Indian authors were offered guest of honor during the International al Book Fair (ADIBF) organized in April 2019. With India as its guest of honor this year, the ADIBF also showcased the richness of the country's culture, as well as its diversity, throughout the fair's run from Wednesday to April 30 at the Abu Dhabi National Exhibition Centre. Among the Indian authors, who were graced the ADIBF stage include, Ambassador to the United Arab Emirates (UAE), Navdeep Suri, for his newly launched book Inked in Blood and Spirit of Freedom. The book serves as the English translation of his grandfather's famous poem "Khooni Baisakhi", which was based on how he witnessed the Jallianwala Bagh massacre on April 13, 1919. Best-selling author Preeti Shenoy was asked to speak about her new book "Wake Up, Life Is Calling". This apart, an Abu Dhabi-based writer, Deepak Unnikrishnan, also discussed his book "To Remember, I Invented People”.

UAE’s Creative Step to Honor Indian Writers in 2019

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Bashr e-Biz Service Facilitates ‘Doing Business in 15 Mins’

The Bashr e-Business Service of United Arab Emirates (UAE) allows an investor start their dream business in just 15 minutes in any corner of Emirates. And hence, justifies the term, ‘Doing Business in Just 15 Minutes in UAE’.

his is an integrated eService, especially meant to enable the investors establish their businesses in the UAE within 15 minutes with the help of a unified online platform. This is a common platform that connects the investors with the both, federal and local government entities responsible for providing commercial licenses, simultaneously. In order to procure a business license through Bashr, the investors are supposed to pay the same fees as defined by the relevant Departments of Economic Development (DED) and other respective local and federal entities involved for business licensing. Payment services under Bashr, which include eDirham and Credit card, are often made available within 15 minutes.

Signiﬁcant services oﬀered by Bashr are as follows • • • • • •

Issuance of trade license; Procurement of membership in the Chamber of Commerce of the respective emirate; Establishment card number from the concerned federal authorities for identity and citizenship; Required membership number from the Ministry of Human Resources and Emiratisation; Quota for three work permits Renewal of commercial license for more than 1200 commercial activities.

Besides, it also provides other supporting services like • •

Bashr simulation – explanation of the user’s journey on Bashr platform; Calculation of license issuance cost,

Five Main Functions of Bashr

1. Bashr provides an automated verification of trade names throughout the Departments of Economic Development and other entities concerned, 2. It enables restructuring official procedures by providing registration and payment services online and notifying

electronically to the entities concerned about license status, 3. Setting mechanisms to unify the registration process - by this procedure, a new company registered in economic departments and municipalities will be registered in other entities. It will enable customers to get commercial license and establishment card and update other entities about any amendments to the commercial license, 4. Bashr sets mechanisms for issuance of company licenses and certificates electronically by economic departments and municipalities and improvement of economic departments’ data. 5. It also covers legal aspects including plans and timelines for finishing legal updates and related policies and submitting them for approval by the authorities concerned. While, the first phase of the ‘Bashr’ project covered three emirates – Ras Al Khaimah, Ajman and Fujairah, the second phase covered Abu Dhabi and Dubai. In the very third, which is supposed to be finished by the end of September 219, will cover remaining two emirates like: Sharjah and Umm Al Quwain.

Main Objective

With an objective to lure the prosperous investors and provide them with safe, secured and smooth ways of investment, the Bashr was approved during the UAE Government’s annual meeting in September 2017. It was a step in the UAE’s plan for mTransformation of government services. The project is assigned to Telecommunication Regulatory Authority (TRA) to be achieved within one year in cooperation with 54 federal and local entities. The initiative saves 10 million waiting hours, 1011 tons of carbon dioxide and 45600 working hours, which can be allocated for innovation activities. The project aims also to raise the UAE’s ranking in the national indicators through the optimal utilization of mGovernment enablers on the federal and local levels. Most importantly, it would also play a vital role in upgrading UAE’s ranking in the World Bank’s ‘Ease of Doing Business’ by attracting prosperous investors. nnn

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Reflection

New Era of Indo-UAE Relationship Earmarks Another Dawn of Bilateral Trade Over the past years, India and United Arab Emirates (UAE) has developed a multifaceted strategic interdependence partnership. Both the nations have witnessed India-UAE bilateral relationship and signing of bilateral treaties including the participation of our Hon’ble Minister for External Affairs as Guest of Honour at the Organisation of Islamic Countries Foreign Ministers’ meeting hosted by Abu Dhabi; announcement of the UAE’s highest civilian honour, Zayed Medal to our Hon’ble Prime Minister Shri Narendra Modi; India participating as Guest of Honour at Abu Dhabi International Book Fair; launch of Gandhi-Zayed Digital Museum; foundation stone of the first Hindu temple in Abu Dhabi; wonderful gestures on reelection of Hon’ble Prime Minister Narendra Modi; and celebration of International Yoga Day Sunil Kumar Gupta on the iconic Adnoc building, reflects the true strength of the bond between the two nations

Chairman, SARC & Associates

n a growing trend of trade relations, during the Hon’ble Prime Minister Narendra Modi's visit to the UAE in February 2018, both the nations signed a landmark currency swap agreement to conduct trade directly in their local currencies eliminating the need for US dollars which would significantly boost trade. The swap is for an amount of two billion UAE dirham or 35 billion Indian rupees (US$495 million), according to the Indian Embassy in Abu Dhabi. UAE is now looking beyond Europe and the US and trying to strengthen its bilateral economic ties with India, whilst India on the other hand is trying to transform its economic growth, primarily by exporting goods to the UAE, in order to capitalize on its economic dominance. Both the nations are working on enhancing bilateral cooperation for mutual benefit of the people of both the countries and also for peace, prosperity and stability in the region. In the recent past we have witnessed rounds of bilateral meetings between the Crown Prince of Abu Dhabi and the Ruler of Dubai and our Hon’ble Prime Minister, wherein our Hon’ble Prime Minister has also delivered the key note address on the theme - "Technology for Development”- at the sixth World Government Summit in Dubai, where India was invited as the Guest of Honour. Both leaders have also set an ambitious target

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of US$100 billion in bilateral trade by the year 2020. Abu Dhabi Investment Authority (ADAI)is among the most active foreign investors in India which has deployed its funds in private equity, real estateand backed two of the largest renewable energy companies in India, investing over $400 million in ReNew Power and Greenko. DP World, the Dubai-based port operator, and National Investment and Infrastructure Fund (NIIF) have planned to jointly invest up to $3 billion in ports, terminals, transportation and logistics businesses in India. Our Hon’ble Prime Minister Narendra Modi has conveyed to the UAE Foreign Minister his resolve to step up cooperation with the Gulf country in key sectors such as trade and energy. As per the available records, UAE is India's thirdlargest trade partner and fourth-largest energy supplier. The country is also home to a 3.3 million-strong Indian community, largest in the Gulf region.India emerges as a top new investment destination for the oil-rich nation, which is boosting the relationship between the two countries. Several prominent private and public sector Indian companies and banks are also operating in the UAE. Major Indian companies such as HCL, Larsen & Toubro, ICICI, Indian Oil Corporation, Mahindra, ESSAR, Dodsal, Punj Lloyd, Engineers India Ltd., TCIL, the Oberoi groupetc. have been able to obtain significant number of contracts in UAE.

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Trade Relations

The India-UAE trade relations have expanded by energy cooperation, trade and investments by UAE in India and vice versa. In the energy sector, UAE accounts for 8 percent of India’s oil imports and is the fifth largest supplier of crude oil to India. Both the nations have geared up the relationship to transform from a buyer-seller relationship into strategic partnership. India-UAE trade which was valued at US$ 180 million per annum around 1970, is currently around US$ 60 billion during financial year 2018-19 making India the second largest trading partner of UAE, while UAE is India’s third largest trading partner (after China and US). Moreover, UAE is the second largest export destination of India which grew by 7 percent to US$ 30.13 billion during the year 2018-19 whereas UAE's exports to India surged by 37 percent to reach US$ 29.78 billion. India has set a diversified exports market in the UAE. India’s major export items to the UAE are: Precious Metals, Stones, Gems & Jewellery, Minerals, Food Items (Cereals, Sugar, Fruits & Vegetables, Tea, Meat, and Seafood), Textiles (Garments, Apparel, Synthetic fiber, Cotton, Yarn) and Engineering & Machinery Products and Chemicals and on the other handthe major items of import from the UAE are: Petroleum and Petroleum Products, Precious Metals, Stones, Gems & Jewellery, Minerals, Chemicals, Wood & Wood Products. There is an estimated US$ 8 billion UAE investments in India of which US$ 5.96 billion (upto September, 2018) is in the form of Foreign Direct Investment, while the remaining is portfolio investment leading to UAE being the tenth biggest investor in India in terms of FDI. UAE’s investments in India are concentrated mainly in five sectors: Services Sector (9.44%), Power (8.97%), Construction Development: Townships, Housing, Built-Up Infrastructure and Construction-Development Projects (8.81%), Air Transport (Including Air Freight) (7.42%), Hotel & Tourism (7.29%). ADIA and NIIF announced US$ 1 billion investment in NIIF's Master Fund for investing in the Infrastructure sector in India. ADIA has

also committed to invest US$ 1 billion in India in focused affordable housing fund launched by HDFC and US$ 500 million into renewable energy and highways. UAE has also shown interest in extending joint cooperation with India in Africa and Afghanistan. During the visit of the EAM in December 2018 both the countries signed an MoU for developmental cooperation in Africa. According to the Dubai Land Development Department Reports, it has been indicated that Indians were the largest foreign investor in Dubai real estate. Over 2 million Indian migrants are estimated to be living in the UAE, which is over 27 percent of the total population of the UAE. As per the latest data, there are more than 1000 direct flights per week between various destinations of India and the UAE.

Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homoeopathy (AYUSH)

India and UAE have not only joined their hands for trade developments or cultural relationships, but has also jointly organised the first ever India and UAEmedical partnership conference in New Delhi. The conference witnessed the opening ofAyurveda, Yoga and Naturopathy, Unani, Siddha and Homoeopathy(AYUSH) wherein UAE welcomed the ancient Indian principle to be combined with conventional medicine to provide patients in the UAE with holistic wellbeing.

Security, Defence and Space Cooperation:

Both the nations have signed an MOU on Cooperation in the Exchange of Financial Intelligence related to Money Laundering, Associated Predicate Offences and Terrorist Financing. They are also working on further deepening cooperation in combating transnational crimes and establishing institutional mechanism for cooperation to combat drug-trafficking.Both the nations have agreed to renew their commitment to work closely to strengthen maritime security in the Gulf and the Indian Ocean region, which is vital for the security and prosperity of both countries and join hands in the identified areas of remote sensing, space science,

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Reflection

satellite navigation, launching services, academic cooperation and industry interactions.

Cultural Relations:

India and UAE have even worked on the cultural frontiers. India was the 'Guest of Honour' country at the UAE's prestigious month-long annual cultural festival in March 2018, the Abu Dhabi Festival (ADF), which showcased diverse cultural wealth of India to the World bringing top level performances from India. This helped sustain visibility for India right after the visit of PM in February. Middle class Indians in the UAE have established a network of cultural associations such as the India Club, Indian Association, Goan Cultural Society and numerous Keralite associations support cultural networks of the Indian sub-communities in the UAE. Moreover, schools such as the Abu Dhabi Indian School and The Indian High School, Dubai provide Indian curricular education to expatriate students. Dubai is the only emirate in the UAE with a Hindu temple and Sikh Gurudwara.

Indian Community

As per the data published by the International Organization of Migration it may be noted that the Indian population in UAE has grown to 3.3 million, making it the largest concentration of Indian

About The Author

nationals outside India. Professionally qualified personnel constitute about 15 - 20 percent of the community, followed by 20 percent white-collar non-professionals (clerical staff, shop assistants, sales men, accountants etc.) and the remainder 65 percent comprises blue-collar workers. The country has a significant business community from India which plays a major role in the economic development of the UAE. UAE is now focussed on developing efficient grievance-redressal mechanisms for the Indian workers in the UAE. Both the nations have signed a MoU in the field of Manpower Sourcing in December 2006 and another MOU to streamline the admission of Indian contract workers by way of an electronic contract registration and validation system was signed on April 4, 2012. The Indian Embassy in UAE has set up Indian Community Welfare Fund (ICWF) for short-term economic assistance (food, shelter, passage expenses etc.) to destitute workers/housemaids in distress. Indian Workers Resource Centre (IWRC) with a 24-hour helpline is operating in Dubai since November 2010. An online web based portal called E- migrate system has been put in place for recruitment of Indian workers including Indian nurses from 1st June 2015. It is now the start of a new era of Indo-UAE trade developments and valuable strategic tiesin a business-friendly environment. We are hopeful that this Indo-UAE partnership will definitely help both the nations in achievingUS$100 billion in bilateral trade by the year 2020. nnn

Mr. Sunil Kumar Gupta is an entrepreneur par excellence, a philanthropist and a great visionary. He is the leader of Indo European Business Forum (IEBF), India; the Founder Chairman of SARC Associates; Life Member of Delhi & District Cricket Association (DDCA) and National Sports Club of India (NSCI). He is also a Fellow Member of the Institute of Chartered Accountants of India (ICAI); Fellow Member of the Indian Council of Arbitration; Full Member of the Institute of Certified Public Accountants of Uganda (CPA-U). He has over 33 years of experience in diverse fields such as statutory and internal assurance services, corporate planning, finance, taxation, banking, education, investments, oil & gas and project implementations. In keeping with the spirit of dissemination and to share the knowledge acquired through his experience, Mr Gupta has also authored many books namely ‘Make in India’, ‘Window to Success-An Insight into MSME Sector’, ‘North East–The Land of Rising Opportunities’, ‘A practical guide to 'The Prohibition of Benami Property Transactions Act, 1988', ‘Big Business India Guru–Know How to Make in India’.

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Western Command of Indian Army Come-up to Rescue Flood Victims

Flood relief teams of Army under the Western Command are actively carrying out rescue operations in various areas of Punjab and Haryana. Each team comprising almost 60-70 persons with requisite equipment and resources were deployed at Mirthal (Pathankot), Dinanagar (Gurdaspur), Phillaur, Nakodar, Shahkot in Jalandhar and the areas located near Karnal. Besides, a total of 15 persons were rescued so far from various areas. In case of need, additional teams would be deployed at short notice in other areas of Punjab, Himachal Pradesh, Haryana and J&K.

September 2019

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Indepth

APL Apollo Serves Wide Spectrum Steel Products

Excellence Grows-Up

Headquartered in Delhi-NCR, India’s leading branded steel tubes manufacturer Apollo Tubes Limited (APL Apollo), has successfully been able to generate high-demand for its top-of-the-line product range. With state-of-the-art-manufacturing facilities, APL Apollo serves as a ‘one-stop shop’ for a wide spectrum of steel products, catering to an array of industry applications such as urban Infrastructure, Housing, Irrigation, Solar plants, Greenhouses and Engineering. Growing at a robust pace, APL Apollo has been an undisputed leader in the industry and now it’s all set to reach even greater heights.

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During an exclusive interview with Palash Roy, the APL Apollo Tubes Limited, Executive Chairman, Sanjay Gupta, reveals the company’s secret to success. Palash Roy: What is the current market size of the steel tubes in the country and what share is enjoyed by APL Apollo in the domestic market? Sanjay Gupta: We enjoy a diversified product portfolio of over 1,000 products, providing a strong competitive edge. In fact, our product basket is around ~3-4x the product basket of our closest peer. APL Apollo Tubes is the largest producer of Electric Resistance Welded (ERW) Steel Pipes and Sections in India. The Domestic ERW Steel tubes market size is at ~Rs. 30,000 crore and the industry is expected to grow at ~10-12% CAGR every year. The steel demand in India is further expected to grow at 6-8% through FY21, of which, steel pipe will form 10-12% of the total steel demand, thereby providing a huge opportunity for steel pipe consumption in the years to come. Further, strong Government impetus, increasing purchasing power, improving lifestyle dynamics, etc will also provide a boost to all key sectors of the Indian economy. With enormous untapped potential across all major sectors and new age applications, APL Apollo's business model is well-positioned to capitalize on all these emerging sectorial trends.

Palash Roy: Have you also acquired patents for your products? Sanjay Gupta: In 2018, our Company was awarded with patents for never-seen-before designs for 6 of our product categories. Further, we have also applied patents for our other innovative new launches such as Tricoat pipes, Door frames, Designer GP Pipes and Hybrid Pipes

Palash Roy: What is the business' turnover of APL Apollo? Sanjay Gupta: APL Apollo registered a robust year-on-year growth of 36% in its total net revenues, during FY18 at Rs 5,334 crore.

Palash Roy: What are the major focus areas of the company this FY? Sanjay Gupta: Going forward, our focus will be towards further

strengthening the product portfolio by increasing the share of innovative and high margin value added branded products such as Direct Forming Technology (DFT) pipes, Tricoat pipes, and Galvanized pipes (GP). Further, through Apollo Tricoat, we will also be launching new products such as, Door frames, In-line galvanizing (ILG) pipes, Hybrid pipes, narrow sections. These launches, we believe, will help also help expand our product offerings, while unlocking vast potential across the untapped domestic and overseas markets. High quality, customized and tailor-made shapes and sizes of products, achieved through DFT, will help cater to the extensive latent demand in the export markets. Further, with the operationalization of the eight line of DFT, now, our current capacity stands at 2 million tons. Further, with the upcoming operationalization of the Tricoat manufacturing line, our utilized capacity will be 2.1 million MTPA and in terms of installed Capacity, it will be around 2.5 million MTPA. So these are some of the key focus areas in FY20.

Palash Roy: What are the reasons to choose IPL for your brand activation and awareness? Sanjay Gupta: As you know, we have a strong focus towards improving our brand visibility and we are undertaking several brand building initiatives to strengthen visibility for brand ‘APL Apollo’. In FY19, we have invested a substantial amount of our budget for brand building, including the TVC for IPL. As you know, IPL is India's biggest sports event and is a giant platform on the television, offering maximum reach and generating a strong mass connect and visibility. Our ‘APL Apollo’ logo features on the back of the jersey of Delhi Capitals. We want to reach out to millions of IPL fans through this association and to make it more impactful.

Palash Roy: What is the idea behind the company’s theme “Inner strength” and how is the strength of steel being associated with Delhi Capitals? Sanjay Gupta: We at APL Apollo are gearing up for the next level of brand communication. The company has come up with the theme - ‘Inner strength’ which relates to the company’s core values and products. The theme also resonate the spirit of a sportsman. IPL is the heartbeat of the nation and to win you need not just strength but an inner mental resilience too. Akin to infrastructural needs vis-a-vis steel, the inner strength of players is pertinent to fight back and give their best during the game. nnn

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Natural Glories to Gain Momentum in J&K Indepth

The end of special status to Jammu & Kashmir and subsequent reconfiguration as a Union Territory has paved the way for its people to join the mainstream society of the country. It has also allowed the masses to ride a fresh wave of growth and development.

Residence of Gorkha Nagar celebrate the resolution to revoke Article 370 in J&K in Jammu on August 6, 2019.

(Photo Credit - Mail Today)

By Adv Ishanee Sharma (Partner, Deneb Law)

here could not have been a better way to mainstreaming a region that has faced the cruel wrath of separatist forces. After reorganisation of the troubled state, we are united as a nation, beyond the geographical boundaries and the barriers of mind-set. Rather than render the air with the cries of “Kashmir hamara hai,” it is the time to send the message loud and clear that “Kashmiri bhai-behenon, Hindustan apka bhi hai”. In a little more than two and a half decades of my existence, haven’t I ever witnessed a more courageous step than the one in question. The Constitutional (Application to Jammu & Kashmir) Order 2019 is a living proof of the iron will of the present Government and those who had been sulking about the Government’s intention of delivering on promises should have the heart to congratulate it on creating history. I agree that this won’t solve the Kashmir dispute at the drop of a

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hat, but there is a road ahead albeit a difficult one. At the same time, it’s also true that there was no day in history and there won’t be any day in future which will give a solution overnight. This is the path, it had to be trodden, sooner or later. The government has shown utmost conviction to tread it and the determination to open the doors of Kashmir to development especially in the areas of Education, Economic boom and Employment. It’s time the people of Jammu & Kashmir gettheir due. The few who fear its burning and unrest, must answer as to when we last hear of a peaceful Kashmir? At least now there is hope. Hope, that the steps taken forward might change the destiny which children of Kashmir are born with for decades now. Hope, that the efforts towards reintegration of Kashmir might bring a smile to the person standing on the bottom of the ladder of prosperity. I applaud the Government of India for giving us this Hope.

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Those in the Opposition, calling it a dark hour of democracy and raising concerns over the modus operandi of the Government should try and recall that all the orders for J&K till now are made through a Presidential Notification only. None of them have been tabled and discussed in the Parliament of India. Thus, it is a completely legal and Constitutional way to do the same. The President acting on advice of the Government of Jammu & Kashmir decided which parts of the Constitution of India will be applicable to J&K, until now. Even today the honourable President did exactly the same thing. He declared through the notification that the entire Indian Constitution along with all its amendments will be applicable to J&K as well. It did not amount to repealing Article 370, but doing away with the ‘Special Status’ granted to the state of J&K. Article 35A has been repealed just like the way it was made, through a Presidential notification. Nothing seems to be illegal or immoral about it. The notification has replaced the term from ‘Constituent Assembly’ to ‘Legislative assembly’ in Clause 3 of 370. In fact, this isa welcome move as, it does away with a futile baggage of 1950’s as the constituent assembly ceased to exist then but the lacuna regarding the clause persisted.

Replacing it with legislative assembly of the popularly elected representatives can be seen as a move to uphold the democracy as opposed to diminish it. Now the people, especially the juvenile and children, living across those areasmay long for more comfortable and secured lives. Believably, they will never hear that Kashmir is a disputed region of the country;instead they will believe that the entire Kashmir valley is indeed a beautiful and inseparable part of the Union of India. Let’s pray for peace, unity, happiness and a better tomorrow for them. The nobel Prize winner, Rabindranath Tagore, has truly said in his noble creation, Gitanjali – “Where the mind is without fear and the head is held high, where knowledge is free. Where, the world has not been broken up into fragments by narrow domestic walls. Where words come out from the depth of truth, where tireless striving stretches its arms toward perfection. Where, the clear stream of reason has not lost its way into the dreary desert sand of dead habit. Where, the mind is led forward by thee into ever widening thought and action. In to that heaven of freedom, my father, LET MY COUNTRY AWAKE!” . nnn

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IndiaMART Leases 1.5 Lakh Sq Ft Office Building to Assotech Indepth

The world’s second largest and India’s largest online B2B marketplace company, INDIAMART INTERMESH LIMITED, has leased an office building spread over 1.5 lakh sqft in Assotech Business Cresterra, Sector 135, Noida Expressway. ndiaMART recently placed its IPO successfully, which has been oversubscribed by 36 times as of now. The Company is now shifting its office to new international level IT Park “Assotech Business Cresterra (ABC)”, the state-of-the-art business hub managed in collaboration with CBRE, also a global leader in facility management services. The office will have capacity to seat around 2,000 employees. The site is located in Sector – 135 along Noida Expressway. The 1.8-million sq-ftAssotech Business Cresterra (ABC) is an integrated business park comprising 75,000 sqft of retail spaces, around 1.6 million sqft of office spaces across six towers and 195-key premium serviced suites managed by Lemon Tree Hotels. NeerajGulati, the Managing Director, Assotech Realtysaid,“We most welcome IndiaMart in our Assotech Business Cresterra. Here,we are committed to provide them with the best quality services in order to pursue a long term association with mutual benefits. This new association will certainly be beneficial with

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respect to enthusiastic business activities and participation from prospective business communities”. IndiaMart CEO, Dinesh Gulati,&Assotech Realty Director, Salil Kumar, concluded the agreement on July 15, 2019 for a lease period of 9 years. Assotech Realty has completed the first phase of the project with a total saleable area of 1.1 million sq ft. and the construction of the second phase is expected to complete by the second half of 2020. NOIDA is likely to be transformed into an affordable commercial hub after the announcement of Jewar Airport. Information technology company Birlasoft, part of the CK Birla Group had leased around 3 lakh sqft of space as their corporate headquarter in ABC, Office space provider Regus had leased around 16,000 sqft of space for opening a business centre and Survey Sampling International had leased around 30,000 sqft in Assotech Business Cresterra (ABC). nnn

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Live2Lead Leadership Event to be Simulcast in Delhi

The 6th Annual LIVE2LEAD Leadership Event is being simulcast from Atlanta of USA. Delhi is among the 300 cities of the world where the event will be simulcast.

It is amazing and exciting that Delhi &NCR will be the only city in India and one of 300 cities in the world that will receive the simulcast ofLive2Lead Leadership Event. The event would be presented live in Atlanta, GA on October 11, 2019. The leadership simulcast event at Delhi/NCR will be hosted by PavanBakshi, CEO of Prime Meridian Consulting India Pvt Ltd, which is a premium leadership and organizational development company with a vast experience of working with Fortune 500,MNC and large Indian companies in India. PavanBakshi is a certified speaker, coach and facilitator of the John Maxwell Team and isin its mentorship program for the last five years. This event will be held at Hotel Leela Ambience,Gurugram. The event opens at 3:15PM for registration. The event will commence with talks by PavanBakshi and senior corporates leaders who will share their LeaderShift moments. The simulcast from LIVE2LEADAtlanta will commence at 6.30 pm and will continue till 10.30 pm. The speakerswho would likely to grace the occasion to site their views about leadership, live at Atlanta and simulcast to LIVE2Lead Event at Delhi are as follows:

JOHN C. MAXWELL is the New York Times bestselling author, coach and speaker who has been identified as the leader in business by the American Management Association and the world’s most influential leadership expert by Business Insider & Inc. RACHEL HOLLIS, the New York Times & USA Today Bestselling Author, a top business podcaster and one of the most sought-after motivational speakers in the world. Also, known as “The Tony Robbins for Women” because of her motivational, high energy style and unique ability to empower & embolden a

female audience.

ANGELA AHRENDTS wasthe most recent Senior VicePresident of Apple Retail based in Cupertino, CA. Before her transition to Apple, Angela served at Burberry as CEO for nearly nine years where her leadership focus on culture, values and positive energy resulted in tripling the business and quadrupling the share price. Angela has consistently been recognized by Forbes, Fortune and the BBC as a top 100 Global Executive.

MARCUS BUCKINGHAM is a global researcher and thought leader focused on unlocking strengths, increasing performance and pioneering the future of how people work. Building on nearly two decades of experience as a Senior Researcher at Gallup Organization and guides the vision of ADP Research Institute as Head of People + Performance research. CHRIS HOGAN is the national best-selling author of Everyday Millionaire and Retire Inspired: It’s Not an Age, It’s a Financial Number. For over a decade, Hogan has served at Ramsey solutions, spreading a message of hope and financial peace across the country as a financial coach and Ramsey Personality. Hogan helps people plan their future and reach their retirement goals through his Retire Inspired Podcast and live speaking events. Live2Lead is designed to deliver the very best leadership content to inspire and motivate you and your team. You shall learn from world-class leadership experts, and leave the event prepared to implement a new action plan, and start leading with renewed passion and commitment. We guarantee you will leave equipped and excited to lead and create change with renewed passion. nnn

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Indepth

Ramagya Sports Academy Organizes Noida Sports League – 2019

‘Noida Sports League’ organised by Ramagya Sports Academy has already achieved the distinction of being a global award winning event by securing “Asia Book Of Records” for being “Largest Family Sports League” in Asia. fter successfully putting a spell over a boisterous cheering crowd of the audience last year, the most inspiring sporting extravaganza ‘Noida Sports League’organised by Ramagya Sports Academy is all set to kick start once again. Back with a bang the Noida Sports League in its 2019 edition will offer the audience the opportunity to witness most exciting gaming action which will include more than 12 indoor and outdoor sports participated by individuals-kids, adults, teams as well as the families. Such an amazing sporting fiesta, Noida Sports League has already achieved the distinction of being a global award winning event by securing “Asia Book Of Records” for being “Largest Family Sports League” in Asia. An esteemed recognition it means a lot to Noida Sports League as Asia Book of Records is affiliated to World Record University and follows International Protocol of Records (IPRs). Noida Sports League is produced and presented by Ramagya Group, renowned for delivering quality education, besides offering the most promising opportunity to the people of NCR to be a part of the global pedagogical standards attained at its schools /institutes/academies. Announcing the upcoming National Sports League 2019, Utkarsh Gupta, theManaging Director, Ramagya Group said, “In line with our ceaseless commitment to imbibe spirit of good health, fitness and sports in our students, we are proud to announce National Sports League this year as well. At Ramagya, we envision education beyond the realms of academic excellence and emphasise similarly on physical, emotional, social, psychological, spiritual and creative excellence, skills and expertise”. Besides a large number of distinguished guests and dignitaries, the 2018 season of Ramagya Group’s National Sports League was graced by leading personalities like MadanLal, AlkaTomar,

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Hector Dutt, Dr. Sushil Rajput, AbhayPratap Singh and Somjeet Singh, among others. Noida Sports League 2018 continued continuously for 27 hours and had various sports in which total 3062 sports enthusiasts aged between 4 to 80 years participated. The event was sponsored by some of the top brands in the country like Red Bull, Burger King, Firefox, Yakult, Glued Reloaded, Red FM, Domino’s Pizza, etc. Pioneer in the field of Sports, “Ramagya Sports Academy” is ranked amongst top 10 Sports Academies in India. Equipped with state of the art equipment and international facilities in the most congenial atmosphere, the academy envisages to meet the increasing demands of the changing sports scenario and to earn a high reputation and utmost popularity for being one of the leading sports academies in India.

About Ramagya Sports Academy

Ramagya Sports Academy was established in 2009 and within a short span of its existence it has already established itself as the Best sports academy in Noida and is ranked amongst top 10 Sports Academies in India. In the contemporary times when the lifestyle of the people has become sedentary, we at Ramagya Sports Academy have something for everyone. We at Ramagya envisage developing Sporty Culture among the people of the nation. For us, holistic health for all is equally essential as healthy citizens contribute not only in the development of GDP but also strive to bring name, laurels and glory for the nation. Ramagya Sports Academy is pioneer in the field of Sports when it comes to providing the best Sports activities with international collaborations, globally approved infrastructure, customized sports curriculum, Sports Physioprogrammes (from physios who are associated with the Indian team for various sports) for rehabilitation from Sports injuries, dietary plans, and mentorship from renowned & legendary coaches. nnn

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USHA SHRIRAM Launches ‘Eurolex Smart On-Grid Inverters’ USHA SHRIRAM is all set to disrupt the Solar Power Market with “Eurolex Smart On-Grid Inverters” studded with Bluetooth Mobile App that makes their monitoring easy and free.

xpanding its extensive product portfolio in Solar stalling varied range of On-Grid and Off-Grid roof top solar Power Segment, USHA SHRIRAM, which is being power plants across the country with the support of our EPC considered as one of the most trusted consumer players. Through these efforts we aim to facilitate the mass use durable brands of India, has unveiled a unique of solar energy to support the government’s vision to enhance range of Smart On-Grid Inverters under its most the country’s renewable energy capacity.” desirable brand ‘Eurolex’. Ready to disrupt the market, the most Priced between Rs. 35,000/- to Rs. 2,50,000/- from 3 KVA to 50 exciting “Eurolex Smart On-Grid Inverters” launched by USHA KVA, Eurolex Smart On-Grid Inverters are available all across SHRIRAM boasts advanced India. features such as Bluetooth Connectivity and easy to install About USHA SHRIRAM features. “USHA SHRIRAM Aesthetically designed Eurolex • Maintenance free and easy to install and use Enterprises Pvt. Ltd.” is a name Smart On-Grid Inverters are to reckon with Quality, available in varied range from • Online and onsite support Reliability and Trust-a reputa2 KVA - 200 KVA to suit • Inbuilt SPDs On AC and DC Side tion that the Company has different installations and earned over the decades of • Varied Range 2 KVA - 200 KVA applications. Moreover the building quality and innovative state-of-the-art product range • Bluetooth - Mobile App products, providing excellent comes with warranty • DC overloading of 35% is permissible service and customer extendable upto 25 years. satisfaction. The Company Eurolex Smart On-Grid • Ultramodern Design with Aluminium Heat continues to follow the guiding Inverters offer Higher Exchangers principles of business viz Efficiency and Output to its developing innovative products • Warranty extendable up to 25 Years valued customers while their based on consumer research Bluetooth Mobile App makes with keeping its focus intact on their monitoring easy and free. customer satisfaction and delight through highest standard of While unveiling the Eurolex Smart On-Grid Inverters, Satnam quality & service. Established in the year 1983, USHA Sandhu, the Executive Director of USHA SHRIRAM, said, SHRIRAM is promoted by business professionals with vast “USHA SHRIRAM is aggressively engaged in augmenting experience in the field of manufacturing and marketing in India Solar Power Technologies under its brand ‘Eurolex’. Apart from and abroad. launching a wide range of solar power products we are also innnn

Major USPs of Eurolex Smart On-Grid Inverters are:

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TOP 10 INSTAGRAM Travel

Hotspots in Dubai: Make Your Feed Shine!

Where desert sands and teal seas meet dazzling hotels and markets, you'll find a city in which cultures converge. As photogenic as it is scorching in both heat and innovation, Dubai is an Instagram wonderland. One minute, you can be photographing your way through the souqs and the next youâ&#x20AC;&#x2122;ll be hitting the slopes and posing in ski goggles. Truly anything is possible in Dubai, and when it comes to photo-worthy experiences and scenes, you're spoilt for choice as to where to visit first.

Here are 10 of Dubaiâ&#x20AC;&#x2122;s most photogenic angles.

Jumeirah Public Beach

Get a close-up glimpse of the world's first 7-star hotel as the sun dips below the sea and the sail-like shape of the Burj Al Arab

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glows in the evening light at Jumeirah Public Beach. It's a great spot for a swim and beach photoshoot, where you can use the gentle waves, lifeguard towers and hazy horizon for composing

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your images. Photo tip: Switch your camera’s white balance to cloudy mode to boost the warm tones and bring out the colours of sunset.

Burj Khalifa

Towering above glamorous Downtown Dubai at a staggering height of 828m, the Burj Khalifa is one of the world’s most impressive structures. From the observation deck at 555m, peer down to see the entire city of Dubai below and zoom in to photograph aerial images of the vast scenes below. Head sky high in the morning, and if you're lucky, you might experience the illusive fog that wafts in from the desert and turns the city into a dreamlike scene. Photo tip: When taking photos at the top, be sure to get your camera as close as possible to the glass to avoid any glare or

light bouncing into your shot. A great vantage point to photograph the Burj Khalifa in its entirety is from Souk Al Bahar Bridge, where you can compose your shot with a wide-angle lens using the dancing Dubai Fountain during its hourly show. Alternatively, the Palace Hotel provides a great view that’s a little further away and framed beautifully with palms and pools.

Dubai's desert dunes

Just a short drive from downtown Dubai, a desert landscape awaits. Sand dunes contrast with the ever-present clear blue skies, and all those visions of Arabian adventures become reality. Be sure to keep your eyes peeled and cameras ready for gazelles and camels that often wander past. One experience that will keep you snap-happy for hours is a sunrise hot air balloon flight, where you slowly drift over the desert and photograph the

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Travel stunning scenery below as it changes colour with the rising sun. Photo tip: Look for leading lines and patterns in the sand dunes to creatively compose your shot. Also if you're floating above, keep your shutter speed set a little faster than usual to make sure you're compensating for any movement in the balloon, and your photos come out nice and sharp.

Madinat Jumeirah

Shallow clear water canals weave their way through this luxurious resort complex, which sits right on the beachfront beside the Burj Al Arab. You don't have to be a guest at the Madinat Jumeirah to visit the public areas, so wander the interior marketplace and then head outside to jump on a traditional abra boat and cruise slowly to capture some iconic shots on the bow. Photo tip: There's a great view of the Burj Al Arab framed by palms and canals from the bridge at the market's main entrance, plus another from the deck in front of Anar Restaurant and The Meat Co.

Souqs of Dubai

Like stepping into Aladdin's closet, Dubai's maze-like markets are essential photo stops for soaking up bustling atmosphere. Located beside the Dubai Creek in Bur Dubai, the textile souq is awash with vibrant fabrics and is often referred to as the most beautiful souq in the city because of the colourful, fine silks and saris on display. Take an abra across Dubai Creek to Deira where the gold souq and spice souq await to provide more fantastic photo opportunities. A fun shot to try inside the souqs is capturing a long exposure with someone standing completely still as people rush by to showcase the movement.

Photo tip: By dropping your ISO down low and raising your aperture to f/11 or higher, you'll slow down the shutter speed quickly and produce a beautiful blur as people wander by.

Al Fahidi Historic District

Wander slowly through the Al Fahidi Historic District of old Dubai and photograph scenes that are a distinct contrast to the modern glassy marvels of downtown. Here you'll step back in time and see historic, earthy-toned Arabian architecture lining narrow alleys that portray a more relaxing pace of life. Initially built in the early 1900s by merchants from the Persian town of Bastak, the Al Fahidi Historic District offers an insight into the city’s seafaring and merchant past. Al Fahidi Fort is the oldest existing building of Dubai and inside you’ll now find the Dubai Museum. If you’re in need of a break, stop by the Arabian Tea House, tucked in the lavish courtyard of an old pearl merchant's home. Photo tip: This area is typically much quieter than other spots around Dubai, so it's ideal for taking portrait shots. To brighten faces and smooth complexions, you can increase the exposure of your camera to about +0.7. This will also help to raise any shadows that appear within your image from the buildings too.

Palm Jumeirah

Home to sprawling beachfront resorts, The Palm is a giant man-made palm tree configuration of reclaimed land that sits in

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the sea off the coast of Dubai. If you’re not staying at one of the many beachfront resorts, you can still visit for great vantage points looking back to both the Dubai Marina on the western fronds and Downtown Dubai on the left. The hotels have stunning pool areas that make for beautiful backdrops, too. Photo tip: Venture out onto The Palm at sunset to capture the setting sun behind the Dubai skyline. Fairmont The Palm provides a beautiful view back towards the marina, and it’s also a great spot to swim.

Dubai Creek

There’s been a lot of activity around Dubai Creek ever since it became a port of free trade back in 1902. Ships of all shapes and sizes can be seen sailing through the waterway, and it makes for a buzzing scene to capture. Crossing the creek on an abra is a popular way to get between Bur Dubai to Deira, and it’s a really affordable way to experience views from the water and photograph the skyline of the older areas of Dubai. Photo tip: Be aware of any stray splashes on your camera, but keep an eye out for seabirds and the striking contrast between the sky, city and sea.

Alserkal Avenue

Originally an industrial zone, Alserkal Avenue has been transformed into a trendy and creative space for artists to showcase their work. Since 2007, it has been Dubai’s arts and culture district, and you’ll find a number of galleries and cute cafes all housed within this sleek, silver collection of

warehouses. It's a spot for capturing those more edgy and minimalist Instagram shots, and you can also visit a number of exhibits which change regularly or take part in workshops and innovative talks. Photo tip: Alserkal Avenue is a great location to whip out a 50mm lens and focus on details, lines or clean spaces. Look for angles that highlight this minimalistic space, or perhaps add a pop of colour if you're capturing portraits against the warehouse walls.

Dubai Miracle Garden

Think Alice in Wonderland meets the Chelsea Flower Show: the Dubai Miracle Garden is home to 50 million flowers and almost as many colours. Crafted into a series of quirky displays, dramatic exhibits and blooming marvels, the garden is somewhere to visit if you’re keen on brightening up your photos with a pop of colour. Head for the heart-shaped path and stand beneath red roses, or visit the giant A380 plane made entirely from flowers. The garden typically closes over the summer months, but if you happen to be visiting between November and May, grab your tickets and take a peek inside. Photo tip: The tunnel of flowers is a great place for portraits, or visit the Butterfly House to take macro shots of the 35,000 species fluttering inside. nnn

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ASSOCHAM

ASSOCHAM Works on Govt’s Mission to Make India $5 Trillion Economy

The premier representative of Corporate India, Associated Chambers of Commerce and Industry (ASSOCHAM), has initiated steps to work in the line of economic development plan of the union Government. It would encourage startups and work on the mission of making India a $5 trillion Economy by 2024.

Pravin Kumar Mishra

he Industry Chamber will initially identify the talent and support the growth of startups especially in Tier – two and Tier – three cities of the country. Initially, the e Chamber will launch 'Startup Elevator Pitch Series' in a dozen cities as a platform for promising entrepreneurs to pitch for funding and technology partners. Apart from early stage startups between 0-2 years, the established startups between 2 – 5 years of operations can participate in the series. Based on their business model, the chamber of industry will select 33 startups, including 3 from each city. These 33 selected startups would be given an opportunity for raising finance and technology or even marketing partnership with venture capitalists, mentors or independent professionals of global repute. The mega event, which will take off on September 7, 2019, is supposed to be finalized by February 20120. The top three will be selected during the final presentation. “Starting from September 7, 2019, the ASSOCHAM Startup Elevator Pitch Series will roll out in 12 cities. The series will however end by January 2020. Those being covered include:

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Jaipur, Pune, Lucknow, Chandigarh, Raipur, Indore, Guwahati, Kochi, Visakhapatnam, New Delhi, Jammu and Srinagar”, said Anil Khaitan, the Chairman, ASSOCHAM National Council. Khetan along with other ASSOCAM officials were briefing the media at the premises of the ASSOCAM office in Chanakyapuri New Delhi on August 13, 2019. He added, "All the selected cities, except Delhi, come under Tier – 2 or Tier – 3 cities for the roll out program. We believe the smaller cities are equally aspirational with abundant talent. Moreover, with technology being the major enabler, the new age industries should reach throughout India”. In a view to promote women entrepreneurship across the nation, at least two women entrepreneurs will pitch ideas in every city. The entrepreneurs will be given 300 seconds to explain the concept and idea of a service or product to jury members. Each of the startups making it would also get three meetings with investors and a chance to pitch directly to them. Further talking about the responsibilities of the ASSOCHAM, Khaitan stressed, "The ASSOCHAM will create a dedicated website/microsite, where all the relevant information related to

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the Elevator Pitch schedule will be available. The applications will be sought online and the details of venues, jury members will be updated on a regular basis. He also said that the ASSOCHAM was the first such industry chamber, who took such a creative step to promote and motivate the startups across the country. The Co-Chairman, AshishAgarwal, said, "The Indian startup ecosystem has evolved, being driven by factors such as: growth in the number of funds/angels, evolving technology, higher smartphone and social media penetration, growth in incubators and accelerators, younger demographics etc”. “The year 2015 witnessed maximum traction in this space with over 600 companies got funded, more than $2 billion being deployed by the PE and VC Funds”, Agarwal said. The investment momentum in startups have increased rapidly over the last five years with the investment values increasing at a CAGR of more than 57% between 2011 to 2015, while the investment values have increased at a CAGR of over 62%. The ASSOCHAM believes that the economic future of the country somehow lies in encouraging the startups, which would bring dynamism, new thinking and create multiple job opportunities among the masses. In a view to promote and support hardware startups working in the areas like: internet of things (IoT),

robotics and consumer electronics, recently the BRICS (An association of Brazil, Russia, India, China and South APfrica), had recently launched a program along with Maker Village and KSUM to support. The premier search engine of the world, Google has also opened application for the third cohort of its Launchpad accelerator in India. The Google Launchpad Accelerator mentors early-stage startups on various aspects of their business, across the areas of technology, product strategy, marketing, UX/UI and leadership. Further, NITI Aayog,with the help of the United Nation, under the Ayog’sWomen Entrepreneurship Platform, has launched the fourth edition of Women Transforming India (WTI) Awards 2019. Women Transforming India (WTI) Awards is being organized in collaboration with the United Nations to recognize women entrepreneurs from across India. This year's theme is 'Women and Entrepreneurship'. The program has been framed in the line of Prime Minister, NarendraModi’s initiative for the startups, incorporates mentorship and guidance from the industry’s best leaders, co-working space for all the selected startups for a period three months with no cost. For each of the startups making, it would get three meetings with investors and a chance to pitch directly to them. Besides, Saurabh Sanyal and Tripti S. Shinghal, also addressed the media.

ASSOCHAM resolves to work on the union government’s mission of making India a $5 trillion Economy by 2024. It has embarked on a journey with a mission of “Helping Entrepreneurs Grow” that will help the entrepreneurial eco-system ﬂourish in towns that have so far missed the action.

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ASSOCHAM

Industries-Govt Collaboration to Reduce Youth Unemployment in N-E India

The industry associations across the country must work together with government in order to up skill the youngsters living across the North-Eastern Region of India.It will help improve the socio-economic conditions of the region and make the youngsters employable, said Vincent H. Pala, a Parliamentarian from Shillong Lok Sabha constituency. Pala was addressing the fellow audience during hours – long event organized by the ASSOCHAM. conference on ‘Japanese Investment In North-East Region of India,’ was organized in the premises of the Hotel TajMahal, New Delhi on August 8, 2019. “Youngsters living across the North-Eastern Region of India need to be upskilling. People living here are cultured and educated instead, they are facing massive unemployment. As such, I sincerely request the ASSOCHAM authorities look after the issues. This apart, we also seek help from Japan to impart skill training to the local youths, especially in the areas of tourism and food processing sectors so that they could utilize their potentials”, Pala said adding that making a strong pitch to India.He said that it would help the youth of N-E Region not to migrate into other cities like: New Delhi,Mumbai just in search of employment opportunities. He also said that Japan, apart from infrastructure growth can also help

with their technological advancement that can be used to promote north-east region’s forest goods and agriculture produce. “We lack in marketing and promotion, as such we need to upskill our people to promote our tourism sector and market our agriculture produce to the food processing industry. We need lots of policy changes to attract investment in the north-east”, Pala said. KenkoSone, the Minister of Economics, Embassy of Japan in India, said that enhancing connectivity within the north-east as well as between the region and its neighbors can really unleash its growth.“With better movement of goods and people, north-east can advantageously place itself as the heart of a buzzing economy, that is why Japan has been focusing on the connectivity issues,” he said. Sonealso said that Japan takes pride in being true partner of north-east for the advancement as it is the only country which has such a high-level official body dedicated to north-east. “In addition, we are promoting people to people exchange, we would like the people

Proper transportation and communication facilities often play a pivotal role in proper growth and development of any place. Hence, enhanced connectivity can surely unleash growth potential of North-East region of India: Japan Embassy in India.

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of north-east to learn something useful in Japan and bring back the experiences to home,” he added. Sone further said, “We are also now working to invite apprentice nurses of north-east to Japan as caregivers under Technical Internship Training Programme which would help contribute to better healthcare services in the region as well as India as a whole”. Highlighting the importance of private sector, Sone stressed, “While we are closely working with government both at centre and in states, we alone cannot tap all the potential of north-east as such the role of private sector is also very crucial.” Rahul Sharma, the chairman, ASSOCHAM, India-Japan Business Promotion Council, said the cultural similarities between North-East India and Japan are a key factor for attracting Japanese investment into this region. It would certainly lead to overall development of the local people and will also act as an important connect for trade from India to ASEAN countries. “Japan and India have been trusted partners in progress and this partnership extends to cultural, economic and social levels. Japan-India investments in North East India should be devoted not only to improve the hard infrastructure but the focus should also be on the social well-being; basic human needs and Human Resource development,” said PiyushSinha, the Deputy Managing Director, NEC Technologies India, while addressing the audience. AlemtemshiJamir, CEO, Investment & Development Authority of Nagaland (IDAN) and Col SaurabhSanyal, the Deputy Secretary General, ASSOCHAM are among other participants. The authorities concerned, through Japanese investments, aim to uplift the socio-economic status, encourage Human Resources & Skill Development, Tourism, Infrastructure, Regional Connectivity, Rural and Cottage Industry (Silk and Handlooms), Agriculture and Food Parks, Trade Logistics, Industry etc. in the

North Eastern States of India. Noticeably, Japan is the 3rd largest investor in India’s economy with cumulative FDI inflow of $ 27.28bn during 2000-2018, contributing 7 percent to India’s total FDI inflow during the same period. In September 2014, during Prime Minister Modi’s visit, Japan pledged to invest ¥3.5 trillion in public and private investments in India over the years 2014–2019. Through its investments, the country has been involved in many infrastructure development projects in India, such as the upcoming Mumbai-Ahmedabad bullet train project, the Delhi-Mumbai Industrial Corridor, the Chennai-Bangalore Industrial Corridor and the Delhi Metro, etc.

Significant Points

• Besides others, the policymakers from Central and North East State Government, Indian Industry members, Japanese Companies and Investors, Japanese Trade and Funding Agencies, representatives from North East States, Investment Authorities, Government organizations Skill Development, Aviation, and Highway & Infrastructure Development participated in the mega event. • NEC Technologies (India), a subsidiary of NEC Corp (Japan), was the Knowledge Partner for the conference. • North-East is still considered as an unexplored region and has abundant resources both natural and human. The Region has a strategic advantage of being the gateway to ASEAN market and offers business and non-business opportunities to Japan. • India is keen to encourage Japan’s investment in the North Eastern States (Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Tripura and Sikkim) under the “Act East Policy” of Government of India. nnn

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Economic Slowdown in India: Why is this Serious? Indian Economy

Market-based economies prosper on hope and belief of proďŹ t by private entrepreneurs. In the times of negative market sentiments, the government increases its expense to bring back hope. But the Narendra Modi government's hands are tied at the moment. Hereâ&#x20AC;&#x2122;s a report.

uppose you inherited a farmland and a house. You grow your own food using family bank of seeds. You don't use chemical fertilisers and prepare organic manures using cow dung and similar stuff on your own. You don't buy fodder for your cattle or poultry which fulfil your milk and meat requirements. You use biogas as fuel for household energy. This means you have a self-sustained viable economy. But you are contributing nothing to country's gross domestic product (GDP) as you are not using money. Now, consider this. Your neighbour works in a factory and earns a salary. She buys grocery from a kirana store, milk and butter from a dairy parlour, clothes from a shopping mall, dines out and watches a movie or a play on weekends, employs a help in her home and pays taxes. Her activities are the guarantee that the country's GDP clock is ticking upward.

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Every single purchase by her begins a chain of purchase and sale. The kiranawallah goes to wholesale market to buy stuff for shop. The wholesale market sources its supplies from the farmers, who purchase seeds, fertilisers, tractors, diesel and employ labourers on their fields. All are paid in money. This is repeated for every single purchase by your neighbour. She ensures flow of money that defines growth of measurable GDP. This chain of sale and purchase has shown signs of slowdown over the past few months. It is visible in almost every sector of the Indian economy. The result was troublesome for 2018-19, for which the GDP growth rate was 6.8 per cent. This is the slowest growth rate of GDP since 2014-15. The previous low was 6.39 per cent in 2013-14 following which the Narendra Modi government came to power in 2014. Recent GDP figures have only provoked the concerns of

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economic slowdown. According to Central Statistics Office, India's GDP slowed to a five-quarter low of 6.6 per cent in October-December 2018. It fell below 6 per cent mark in January-March 2018-2019. At 5.8 per cent, the March quarter growth rate pushed India behind China after seven quarters. But that rivalry is the least of the worries for Indian economy. There are warning signs showing that this slowdown is deep.

Auto Sector

Automobile sector is facing its worst crisis in 20 years. Reports suggest that around 2.30 lakh jobs have been lost in the auto sector. A large of it is being blamed on the global trend accentuated by the Brexit situation. But what signals a deeper problem is the Society of Indian Automobile Manufacturers (SIAM) report that 300 dealerships

have shut down in recent times. Sales of cars, tractors, two-wheelers have declined considerably. SIAM said about 10 lakh jobs have been hit in the auto component manufacturing industry.

Real Estate

The health of real estate is a massive indicator of the state of Indian economy. It has links with about 250 ancillary industries - bricks, cement, steel, furniture, electrical, paints, etc. and affects them all if there is a boom or gloom in the sector.Reports are that the volume of unsold houses over the past one year has increased in the top cities of the countries. According to real estate research company Liases Foras, the unsold inventory currently stands at 42 months.This means that it will take three-and-a-half years for the existing unsold inventory (read flats/houses) to clear up. An efficient market maintains 8-12 months of inventory, the company said.

FMCG Sector

The fast-moving consumer goods (FMCG) companies have reported decline in volume growth in the April-June quarter. This has been blamed on a sluggish rural demand, which, in turn, indicates less availability of money in villages. Reports indicate that the demand for FMCG in rural India was growing at 1.5 times of the urban demand. The rural demand has come down to the level of urban growth or below. FMCG major Hindustan Lever reported volume growth of 5.5 per cent in April-June quarter compared to 12 per cent last year. Dabur posted a growth of 6 per cent against 21 per cent last year. Britannia Industries recorded a volume growth of 6 per cent against 12 per cent in the same period last year. Asian Paints saw a volume growth slump from 12 per cent in April-June quarter last year to 9 per cent this year.

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Indian Economy

Bank's lending to MSME

At macro-level, lending by banks to industries shows a significant jump from 0.9 per cent in April-June quarter in 2018 to 6.6 per cent for the same period this year. This should reflect in job growth in industries but the employment situation is dismal. While the labour force survey, released by the government in July, showed a record high unemployment rate of 6.1 per cent for 2017-18, recent Reserve Bank India report does not present a brighter picture. The RBI consumer confidence survey showed a drop in consumer confidence for July over pessimist situation

in job creation and overall economic scenario. This contradiction is explained in the details of pattern of lending by banks, which have extended credit to big industries while money flow to medium- and small-scale enterprises, which are the biggest employers.The credit to big industries grew by 7.6 per cent during April-June compared to 0.8 per cent last year. Lending to MSME (micro, small and medium enterprises) by banks has actually slipped from 0.7 per cent in 2018 to 0.6 per cent this June quarter.

Current Economy: A grave problem?

Market-based economies thrive on hope and belief of profit by private entrepreneurs. When market sulks under negative sentiments in the market, the government infuses money to bring back hope. But the central government's hands are tied. In India, the government expenditure accounts for around 10 per cent in the economy. With the government sensing an economic slowdown, it increased expenditure by 19 per cent in 2017-18 and 13 per cent in 2018-19. This was the highest increase in government expenditure since 2008 financial meltdown. To do a repeat, the government needs more money. But revenue collection is moderate for April-June quarter -- at Rs 4 lakh crore registering a growth of less than 1.5 per cent. To put in perspective, the gross tax collection growth for April-June 2018 was over 22 per cent. Simply put, the government does not have enough money to invest in the economy. nnn

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9 Tips for Growing a Successful Business

Nowadays, to succeed in business, you need to be flexible and have good planning and organizational skills. Many people start a business thinking that they'll turn on their computers or open their doors and start making money, only to find that making money in a business is much more difficult than they thought. You can avoid this in your business ventures by taking your time and planning out all the necessary steps you need to achieve success. Here are 9 tips that we thought would make this a little easier. 1. Get Organized

To be successful in business you need to be organized. Organization will help you complete tasks and stay on top of things to be done. A good way to do this is to create a to-do list each day. As you complete each item, check it off your list. This will ensure that you're not forgetting anything and you're completing all the tasks that are essential to the survival of your business.

2. Keep Detailed Records

All successful businesses keep detailed records. By keeping detailed records, you'll know where the business stands financially and what potential challenges you could be facing. Just knowing this gives you time to create strategies to overcome those challenges.

3. Analyze Your Competition

Competition breeds the best results. To be successful, you can't be afraid to study and learn from your competitors. After all, they may be doing something right that you can implement in your business to make more money.

4. Understand the Risks and Rewards

The key to being successful is taking calculated risks to help your business grow. A good question to ask is "What's the downside?" If you can answer this question, then you know what the worst-case scenario is. This knowledge will allow you to take the kinds of calculated risks that can generate tremendous rewards.

5. Be Creative

Always be looking for ways to improve your business and to make it stand out from the competition. Recognize that you don't know

everything and be open to new ideas and new approaches to your business.

6. Stay Focused

The old saying, "Rome was not built in a day," applies here. Just because you open a business doesn't mean you're going to immediately start making money. It takes time to let people know who you are, so stay focused on achieving your short-term goals.

7. Prepare to Make Sacriﬁces

The lead-up to starting a business is hard work, but after you open your doors, your work has just begun. In many cases, you have to put in more time than you would if you were working for someone else, which may mean spending less time with family and friends to be successful.

8. Provide Great Service

There are many successful businesses that forget that providing great customer service is important. If you provide better service for your customers, they'll be more inclined to come to you the next time they need something instead of going to your competition.

9. Be Consistent

Consistency is a key component to making money in business. You have to consistently keep doing what is necessary to be successful day in and day out. This will create long-term positive habits that will help you make money in the long run. Whatever type of business you want to start, using these nine tips can help you be successful in your venture. Good luck! nnn

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Environment

Climate Change behind Extreme Weather Events in India?

The ﬁrst eight months of 2019 have been remarkable for one reason: Not a single month has passed without an extreme weather event in India or in the world. Elsewhere, scientists have been bringing out studies one after another attributing the never-seen-before climate anomalies to climate change.

ince 2009, every year scientists have declared record-breaking climate events. The pertinent question to be asked now is if climate change is responsible for the extreme weather events of the past 10 years? And if it is, how can one quantify this responsibility? Is there any way one can identify if a particular extreme weather event occurred only because of climate change? The developing science of attribution might have some answers but not all of them. Scientists say when it comes to climate; sure shot predictions cannot be made. “Such certain conclusions are not possible because weather is not a perfectly predictable system. Conclusions of attribution science are almost always probabilistic,” said Arpita Mondal, assistant professor at Indian Institute of Technology, Bombay and an expert in attribution science. Scientists are of the view that attribution works with

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probabilities and there are certain extreme weather events that can be attributed to climate change with a greater degree of certainty. “The heat waves of 2015 and 2016 have been attributed to global warming, particularly when considering a combination of temperature and humidity,” said Mondal. “Attribution analysis of the heavy rainfall in Chennai in December 2015 does not reveal enough evidence to say with certainty that greenhouse gas-related warming played a significant role,” she added. Moreover, she points out that getting detailed climatic data — the kind required by attribution science — for certain events, especially hydrological weather events in India, is difficult. This shows that attribution science in India is still in its nascent stage. The Indian government does not come out with scientific reports to attribute the extreme weather events to climate change, though India Meteorological Department (IMD) does mention

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these events in its annual climate summary. In many of these summaries that IMD has compiled from 2009 to 2017, there are certain discrepancies and ambiguous presentation of data on extreme weather events. Apart from the reports of the initial years, cyclones and droughts or dry spells have not been counted as extreme weather events. For example, in July 2015, Cyclone Komen had struck parts of West Bengal, Odisha and Manipur and killed around 100 people. But this cyclone has not been mentioned as an extreme event in IMD’s annual climate summary for 2015. This is when two deep depressions, one in Gujarat in June and another in Tamil Nadu in November, were accounted for by the report. The only cyclones mentioned in the climate summaries of the last 10 years are Thane in 2011 and Nilam in 2012. Similar is the case with droughts. Though for some of the years, some regions across the country have suffered from moderate to severe drought throughout the year, the damages caused are not mentioned. Drought has been highlighted only once in the 2009 climate summary, where it was mentioned that 46 per cent of the country was either under moderate or severe drought conditions. Another ambiguity in these reports is in the consideration of lightning as part of storm activity (thunder/dust/hail). Lightning

does not occur on its own and is accompanied by storms, even if minor. In some of the reports storms and lightning are mentioned separately and in others they are clubbed together. For researchers looking at data for scientific attribution, these ambiguities can be a major roadblock. Knowing what exactly constitutes extreme weather and removing any discrepancies would go a long way in generating data about them and also aid scientists who are trying to study them in the context of climate change. This is when IMD is the only institution in India that collects weather-related data. Many other countries have taken significant steps in the direction of attributing extreme weather events occurring in their respective territories to climate change. For example, the Oxford University and United Kingdom Meteorological Office have several studies on attribution of extreme weather events (such as heat waves, floods and droughts) in the UK.They have also collaborated and worked on droughts in Africa, or heat waves and heavy rainfall in India. The University of Melbourne has carried out some detection and attribution studies on heat waves and droughts in Australia. The National Academy of Sciences in the US has brought out a special report on attribution. Germany is also going to use t“operational attribution” studies to deal with climate change. nnn

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Health

10 Simple Ways to Keep Your Heart Healthy and Strong

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For decades we've seen progress in the fight against heart disease. While it has remained one of the top factors for mortality rate worldwide, the rates were steadily declining. That is, until recently. Troublingly, that trend has stalled or even begun to reverse in the U.S. and several other high-income countries, according to a study published in the International Journal of Epidemiology. "Poor eating habits and lack of exercise are major contributing factors to cardiovascular decline," Patricia Bannan, a nutritionist and healthy-cooking expert, says. "Other risk factors include smoking, high blood pressure, high cholesterol and diabetes”. Shrishti S Nagar

hile the research is unsettling, there's good news: There are small, easy steps you can take to help keep your heart healthy — and you can start today. Here are 10 changes you can make to your diet and lifestyle that are proven to help reduce your risk of heart disease.

1. Swap out Fats

We used to think a heart-healthy diet meant a low-fat diet, but that's not exactly the case. We know now that all fats are not created equal, and it's the type of fat you eat that really matters. Saturated fats, which are most often found in dairy products and fast foods, should be limited, while trans fats — the man-made fats in fried foods and packaged snacks — should be avoided as much as possible, according to the American Heart Association. "Swap these for foods with heart-healthy unsaturated fat, such as avocados, nuts, seeds, olive oil and fatty fish like salmon," recommends Bannan.

2. Eat More Fiber

For most people, the biggest area for improvement is in the fiber department. Soluble fiber — the type found in plant-based foods — helps lower blood cholesterol levels, according to the National Lipid Association. It also helps you feel full, so you're less likely to overeat. Women should aim for a minimum of 25 grams of fiber per day, and men should get 38 grams. Good sources of fiber include fruits, vegetables, whole grains, beans and legumes.

3. Eat Fish at Least Twice Per Week

The American Heart Association recommends eating fish, specifically fatty fish

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Health

like salmon, mackerel, sardines and albacore tuna at least twice a week. Why? They're good sources of omega-3 fatty acids, which can lower triglyceride levels, slow the buildup of plaque in the arteries and lower blood pressure. But proceed with caution. Some species, like shark, tilefish, king mackerel and swordfish, can be especially high in mercury, which builds up in the blood and can cause other issues. For that reason, you should avoid or limit your intake of these types of fish.

4. Get More Sleep

Not getting the recommended 7 to 9 hours of shut-eye each night could be detrimental to your heart health. "Those who don't get enough quality sleep each night are at a higher risk for obesity,

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high blood pressure and heart attacks," says Bannan. So make sleep a priority. And if you're not getting those quality sleeps on a regular basis, know that there are several things you can do to change that. Research has shown that small changes like making sure your room is dark and quiet could help you drift off to dreamland quicker and stay there longer.

5. Lose Weight

As a study in the International Journal of Epidemiology mentions, being overweight increases our risk for heart disease, among other chronic diseases. And while losing weight is not always easy, there are tools and resources at your fingertips to help. The free MyPlate app, for example, allows you to track your daily calories and offers a

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library of simple, tasty recipes tailored to your goals.

6. Get Moving Most Days

Regular aerobic exercise such as brisk walking, bike riding, stair climbing, swimming, jumping rope, circuit training and dancing keeps your heart fit, raises your levels of protective HDL cholesterol and can help you lose weight or maintain a healthy weight. So how often do you need to exercise and for how long? Recommendations across the board, tell to get a minimum of 30 minutes of moderate aerobic exercise a day, at least five days a week.

7. Drink Moderately

The jury is still out on the effect alcohol has on our hearts. Current research shows that it can cause a slight elevation in HDL cholesterol levels, aka your "good" cholesterol. The argument, however, is that you can get those same benefits from exercise and eating fruits and vegetables without the potential negative side effects from drinking.

8. Quit Smoking

By now we know that many different chemicals found in tobacco smoke can damage your heart. But smoking also decreases your body's supply of oxygen and causes blood vessels to constrict, which can also be bad news for your ticker. Simply cutting back or switching to low-tar or low-nicotine

brands of cigarettes is not enough to significantly reduce your risk of heart disease. When you quit smoking, though, your risk of developing heart disease starts to drop immediately and decreases dramatically within the first year.

9. Manage Stress

We all handle stress differently, but the way you manage stress can affect your heart health. Unchecked stress can up your risk of heart disease by increasing your blood pressure and cholesterol levels. And it can also lead to unhealthy coping behaviors, such as drinking, smoking or less-than-ideal eating patterns. Knowing that stress is inevitable â&#x20AC;&#x201D; what can you do? Exercise, meditation, therapy and getting enough sleep are all helpful in mitigating stress. If you feel overwhelmed by stressful events or tend to respond to stress with poor lifestyle choices, speak to a health care practitioner about healthier ways to cope.

10. Get Regular Checkups

It's important that you see your doctor for an annual physical that includes blood pressure and cholesterol testing and monitoring, especially if you have a family history of heart disease. This way, your doctor can alert you to any early signs of cardiovascular issues, and you can work together to create a heart-healthy plan to lower your risk. nnn

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