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Indian Current Affairs 23.09.2010

Indian Current Affairs 23.09.2010

Indian Current Affairs  23.09.2010

Politics & the Nation
  • Some interesting thoughts on telecommuting to work
    • Here is an interesting story that debates about telecommuting to work in India.  We take a few excerpts on some stats and definitions...
    • A
      survey points out that the average commuting length in India is 29
      minutes, but 12% of commuters travel more than an hour, onward and
      return, resulting in unproductive wastage of time.
    • Telecommuting
      (as defined by Prof Jack Nilles, who coined the term in 1973) means
      work done outside the principal office, for one or more days per week,
      either at home or at a client's site. Telecommute, thus, uses IT to
      partially or totally substitute the commute-to-work. Telecommuting
      enables companies to reduce transportation costs and allows better use
      of the existing infrastructure — but the biggest benefit comes from the
      lowering of loss of productivity in employees due to traffic delays in
      commuting.
    • According
      to a Frost & Sullivan study released in last October, India is the
      most telecommuting-friendly country, with 59% of its organisations
      having a formal policy on it, and 48% of its workers telecommuting
      daily, (followed by Hong Kong, with 54% of its businesses having a
      formal policy, and 26% of its workers using it on a daily basis).
  • Social security pact may be inked during Obama visit
    • The
      Indian government is making a strong bid to ink the Indo-US social
      security agreement during President Barack Obama’s visit in November.
    • The
      totalisation agreement between the two countries will help lakhs of
      Indians in the US on short-term H1B and L1 visas, who will then not need
      to contribute towards social security which they cannot avail before
      ten years. The workers with short-term visas cannot remain in the US for
      more than seven years.
    • The
      totalisation agreement will provide for aggregation of benefits whereby
      workers will be entitled to social security benefits in proportion to
      the number of years that they contribute both in the US and after
      returning to India.
    • The
      agreements also provide for portability of benefits, whereby workers
      can avail themselves of the social security cover irrespective of which
      country they are working or living in.
    • India
      has agreements with nine countries—Belgium, France, Germany,
      Switzerland, the Netherlands, Hungary, the Czech Republic, Denmark and
      Luxembourg. The deal with Canada is ready and will be inked soon.
Finance & Economy
  • Titbit about PE investments in the country
    • Between 2004 and 2008, PE and VC firms invested nearly $43 billion in the country and have funded around 1,400 companies.
  • An excellent primer about Laffer Curve
    • Take a look at this ET in the Classroom column that explains us the concept.
  • The country plans big about having dedicated chopper corridors by 2020
    • Take a look at this news report.  Makes an interesting reading.
    • As
      cities are grappling with increasing traffic congestion, it has dawned
      on the administrators that at least for providing effective emergency
      and security services, there is a need to come up with a huge fleet of
      helicopters.  For this they want to create an infrastructure with the
      establishment of a dedicated agency -- the Heliport Authority -- and a
      string of helipads across the country.
    • Take a look at the entire story.  Makes an interesting reading.
    • At
      present, India has a small civil fleet of 260 helicopters, of which
      about 40 are used for offshore oil exploration operations, while the
      rest are used for private and chartered transportation and tourism.
    • The
      United States has the largest civil fleet of 11,858 rotorcraft. Other
      top civil fleets are Canada (1,675 rotorcraft), the United Kingdom
      (1,100) and Japan (940).
Sport
  • We hate to think on these lines but, is it worth holding the C’wealth games?
    • The
      lack of preparedness, the corruption allegations and the total
      incompetence of the powers that be for conducting an event of this
      magnitude are all making us wonder whether India should gracefully pull
      out of hosting the games.  The daily newspaper reports that we keep reading about the games makes us wonder so.
    • Perhaps
      it is time for the PM to put up a brave face and say that India is
      sorry and will not be hosting the games.  At a time when India is
      otherwise being rated as the ‘third most powerful’ nation et al., the
      games bosses have let the country down badly.  
    • Hope
      the PM takes things into his own hands cancels the games and takes up a
      thorough purge of all the sporting bodies.  These bodies should be rid
      of politician-sport-administrators.  The management of the sport is
      better handled by sports persons themselves.  It should never be given
      to those that never had been associated with the sport as a player.  If
      the country can’t find managers from among the sport, it is better left
      to the defence forces at least.  They will hopefully do a better job of
      it.




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15 Apr, 2021, 05:51:02 AM