Indian Current Affairs 23.09.2010
Indian Current Affairs 23.09.2010
Politics & the Nation
Finance & Economy
- 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...
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.
(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
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
Indian government is making a strong bid to ink the Indo-US social
security agreement during President Barack Obama’s visit in November.
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.
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.
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.
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.
- 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.
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.
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.
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).
- We hate to think on these lines but, is it worth holding the C’wealth games?
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.
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.
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