ECONOMY

Monthly Archives: JULY 2017


Mukesh Ambani launches ‘Jio Phone’ for Rs. 0
21.07.17 - TEAM PT
Mukesh Ambani launches ‘Jio Phone’ for Rs. 0



Reliance has today unveiled the latest JioPhone feature phone for the Indian consumers.  It will be available for pre-booking from August 15 for Rs ZERO. However, one has to pay Rs 1,500 has a security deposit, which will be 100 percent refundable after three years. The device will be available for pre-booking from August 24 from MyJio app and physical retail stores. Mukesh Ambani, Chairman Reliance Industries Limited, said 5 million JioPhones will be made available every week. 
 
"Today, Jio is going to reinvent the conventional feature phone. Let me introduce India ka Intelligent SmartPhone-Jio Phone," announced Ambani. 

"We plan to collect a fully refundable, one-time, security deposit of Rs 1,500 with everyone. From 15th August, 2017, all Indians will have access to the highest quality & quantity, affordable & unlimited data," said Ambani, adding "This is how Jio will end the digital exclusion in India. And this is what I call true digital freedom." 
 
"Jio will give them access to unlimited data on the JioPhone at Rs 153 per month," he said at the conglomerate's 40th Annual General Meeting at Birla Matushri Sabhagar.
 
Ambani introduced his twin children, Akash and Isha, who presented the phone features that include calls and text messaging on voice command, Internet surfing and cable to connect the device to TV to view content, including videos.
 
 

The JioPhone will be available for user testing in beta mode from August 15 and for pre-booking from August 24.

"Reliance democratised the equity culture in the past. Now, Jio will democratise the digital culture in India," he asserted. "Digital Life will no longer be the privilege of the affluent few."
 
The JioPhone comes with a voice assistant, which makes it easier to interact with the feature phone. Through the voice assistant, one can make calls, browse the internet and listen to music and more. It also supports the Hindi language for giving the voice command.
 
Jio Phone is a 'Made in India' 4G VoLTE enabled smartphone and is designed to be easy and friendly. The company will provide free voice calls, unlimited data and Jio apps for Rs 153 per month with Jio Dhan Dhana Dhan plans to JioPhone customers. The device will also come with TV-Cable that will allows users to connect their JioPhone with TV ( not only Smart TVs but also CRT TVs) to watch live TV. The company has priced the TV  pack for Rs 309 per month. Further, there two sachets, one with Rs 24 for two days and Rs 54 plan for a week.




[home] [1] 2 3  [prev.]1-5 of 11


Comment

your name*

email address*

comments*
You may use these HTML tags:<p> <u> <i> <b> <strong> <del> <code> <hr> <em> <ul> <li> <ol> <span> <div>

verification code*
 



Sainath takes up a zero TRP subject, again, and manages to shock
20.07.17 - PT EXCLUSIVE*
Sainath takes up a zero TRP subject, again, and manages to shock



New Delhi: Even as discussions or debates about poverty are considered non-TRP subjects, and research papers and newspaper articles on the issue are now out-of-fashion, P Sainath remains valiant in his efforts to keep the issue in the headlines. This week, the intrepid scholar-journalist was valiant once again, and once again, Delhi's media thwarted his efforts. 

Sainath's well attended lecture made no news in the mainstream media.

Among the leading moral conscience keepers of Indian journalism, Sainath shocked his audiences at the Durgabai Desmukh Memorial Lecture 2017 at the India International Centre, when he said "the top one per cent of Indian society owns 58.4% of India's total household wealth," but then more was coming.

India, he added, now beats the US, when it comes to inequality. "The household wealth owned by top one per cent of India is higher than any other country in the world, barring Russia."

"The USA, universally acknowledged as an unequal country lags behind us, with their top one percent owning only 42.1% of that nation's wealth,” he said.

Clearly, in India, "inequality is growing at much faster pace” than anywhere in the world.

"Shockingly, just in two years, the top one percent of India added over 9% of total household wealth to their ownership,” he said.
 
The Indian top one percent owned 49% of Indian wealth in 2014, compared to 36.8% in 2010, as per the Credit Suisse global wealth data.

When Sainath speaks, shocks do not stop. When he digs deeper into the moral matrix of India’s economy, conscience is something found missing. The wealth of the bottom 10% in India, for the first time, turned "negative” in the past one year.

"The ratings tell us that for the first time the wealth of bottom 10% turned negative in India, falling from 0.1 to minus 0.7%," he said.

This suggests that those whose liabilities were anyway ahead of their assets are sinking further into debt, he added. 

The same data suggests that in those 12 months, the top one per cent added more 5% of India’s household wealth to their kitty.
---------
Top 1% of Indian society now owns 58.4% of India's total household wealth. We are ahead of the US now in inequality. Top 1% of US citizens now own only 42.1% of that country's wealth. We are now in a race with Russia, not with the US.
---------
 
"It is not limited to bottom 10% alone. Even the 20% above them not own over than 0.7% of India’s wealth. In simple terms, the bottom 30% of India owns zilch,” he pointed out. That, clearly, explained why debates and discussions on poverty are low TRP subjects.

Not leaving anyone in doubt that moral economy of India's elite has gone to the dogs, the Ramon Magsaysay award winner said it was shocking to know that India ranks fourth in the Forbes list and 131st in the Global Human Index of the United Nations.

"The socio-economic census data of 2011-12 depicted that 75% of rural household main bread winner earns less than Rs 5,000 a year. That year, we had 55 $billionaires from India in the Forbes list. This year the list goes up to 101, the highest we ever had. Isn't this happy news to share?" Sainath said, his audience fidgeting as sarcasm dripped.

The author of ‘Everybody Loves a Good Drought,’ a rather rare best-seller on the subject, spoke about the farming crisis, the misdoings of media, social upheaval and a host of other things prevailing in India, but then failed to make into next day's media headlines - a sign that he hasn't lost his moral compass.
 
*(The story is a Punjab Today exclusive simply because except for our correspondent who attended the lecture, no one else chose to report it. – Ed.)
 
-------------
Punjab Today believes in serious, engaging, narrative journalism at a time when mainstream media houses seem to have given up on long-form writing and news television has blurred or altogether erased the lines between news and slapstick entertainment. We at Punjab Today believe that readers such as yourself appreciate cerebral journalism, and would like you to hold us against the best international industry standards. Brickbats are welcome even more than bouquets, though an occasional pat on the back is always encouraging. Good journalism can be a lifeline in these uncertain times worldwide. You can support us in myriad ways. To begin with, by spreading word about us and forwarding this reportage. Stay engaged. 
— Team PT




[home] [1] 2 3  [prev.]1-5 of 11


Comment by: Anju huria

This is because in the name of reserved category,millionares like our worthy president get all the benefits.The poor are being pushed into the corner even if they are the lowest in caste heirarchy

reply


Comment by: Anju huria

This is because in the name of reserved category,millionares like our worthy president get all the benefits.The poor are being pushed into the corner even if they are the lowest in caste heirarchy

reply


Comment by: Adess Singh

The founding puoneers of capatalism had clearly warned that those societies that follow the runious path of unfettered inheritance shall be stuck in the quick sand of corruption and purpousful mis governance. Brazil, Egypt, Pakistan or for that matter China and Russia like India flow unfettered inheritance and all suffer from pathological levels of inequality and polarization of wealth and oppertunity. Thomas Pickety in his book Capitalbin tge 21st Century also explains this.
Rationalizatio. Of inheritance policy is the most pertinant requirement of our society, yet it is never discussed in public.
We are clearly an oligarchy as of now, and will slip into 'kleptocracy' (the rule odf the thugs).
Send me your email id, i will send u very relavant short notes on this critical and fundamental topic.
Unfettered inheritance makes our most popular leaders into kniving thieves and makes our steel frame bureaucracy very mall8wble and ductile.
Unfetterd inheritance creates economic black holes thwt devour societies ajd businesss alike
Unfettered Inheritance makes us into 'dynastic slaves'

reply


Comment

your name*

email address*

comments*
You may use these HTML tags:<p> <u> <i> <b> <strong> <del> <code> <hr> <em> <ul> <li> <ol> <span> <div>

verification code*
 



India lost 1.5 million jobs in the aftermath of demonetisation
20.07.17 - TEAM PT
India lost 1.5 million jobs in the aftermath of demonetisation



The Modi government’s demonetisation decision may have resulted in the loss of roughly 1.5 million jobs, according to new survey data put out by the Centre for Monitoring Indian Economy (CMIE).

CMIE’s data is based on the result of consecutive waves of household surveys performed from January 2016 to April 2017 (sample size: 161,617 households across India). Surveys states that the estimated total employment fell to 405 million in January-April 2017 from 406.5 million in September-December 2016.
 
This slide is believed to be an after-effect of demonetisation. In November 2016, the Narendra Modi-led government decided to render two high-value currency notes invalid. The Rs 500 and Rs 1,000 notes accounted for about 86% of the currency in circulation by value and, therefore, the ban led to a severe cash crunch in the economy.
 
 

"In November 2016, it was still the festive season but, the labour participation rate fell to a new low of 44.8%. It is apparent that this was an immediate impact of demonetisation,” said Mahesh Vyas, managing director & CEO of CMIE, in his report.
 
The Labour participation rate refers to the share of the population employed or willing to work and seeking jobs. A drop indicates an economic slowdown. These estimates are based on a survey with a sample size of 161,167 households that included 519,285 adults
 
While the average labour participation rate was 46.9 percent from January through October 2016, the rate fell to 44.5 percent in February this year, then to 44 percent in March and finally to 43.5 percent in April. This is much lower than the percentage recorded in the corresponding months a year ago. 
 
Demonetisation’s effect kicked in with a lag, as the period from September-December is a busy season for agrarian India and that could have had kept the employment levels high, explains the report.
 
The survey concludes by highlighting the direct relation between the drop in labour participation with that to a fall in new investments which it sees as a sign of an economic slowdown for a developing country like India.




[home] [1] 2 3  [prev.]1-5 of 11


Comment

your name*

email address*

comments*
You may use these HTML tags:<p> <u> <i> <b> <strong> <del> <code> <hr> <em> <ul> <li> <ol> <span> <div>

verification code*
 



Chennai man arrested for receiving "anti-national" WhatsApp message
19.07.17 - TEAM PT
Chennai man arrested for receiving



It's not just sending a message that may land you in trouble nowadays. Even receiving a message on WhatsApp makes you vulnerable. Tadikala Akabar Saleem was last week arrested and charged with sedition at the Chennai airport where he had gone to pick up a friend who was arriving from Gulf because cops found an audio message in his phone that they deemed anti-national.
 
The airport police arrested Tadikala Saleem, 36, a native of Kadapa in Andhra Pradesh, based on the complaint of an inspector attached to the customs air intelligence officials at Chennai airport.
 
"Saleem was waiting outside the airport to receive his friend arriving from the Gulf and was taken in custody after his friend was found carrying excess gold on arrival," a report in the Indian Express noted. Although, during the investigation and questioning the airport authorities didn't find any wrongdoing on the part of Saleem, they did chance upon a random audio message that Saleem had received on his WhatsApp. After that they referred the case to the airport police, which booked Saleem after claiming that the message was anti-national.
 
The alleged anti-national content of the audio message Saleem received was a call to Muslims to gather at Delhi’s Jantar Mantar for a "show of strength”. According to the Indian Express, no specific date was mentioned for this gathering. An officer told the newspaper that the appeal was made in the name of "Maulana (Syed) Asad Madani saheb” of Jamiat Ulama-e-Hind, a leading Muslim organisation, and had originated in Malaysia. "It’s [the] first time we are getting a chance to show the power of Muslims,” the officer quoted the appeal as saying.The audio message was circulated along with an apparently morphed photo of a woman who was seen with papers from the holy book of Quran tied around her feet. The message also did not call for any violence or specify the date of the scheduled assembly.
 
The Chennai airport police subsequently booked Saleem on charges of sedition under IPC section 124A. However, Saleem was released by a magistrate court on Sunday before which he was produced by the police. The magistrate said there was no material evidence to prove an anti-national activity in that random WhatsApp message. Also, there was no call for violence,” an inspector from the airport police said.




[home] [1] 2 3  [prev.]1-5 of 11


Comment

your name*

email address*

comments*
You may use these HTML tags:<p> <u> <i> <b> <strong> <del> <code> <hr> <em> <ul> <li> <ol> <span> <div>

verification code*
 



Adanis win, as Paranjoy Guha Thakurta resigns from EPW
18.07.17 - PT Media Critic
Adanis win, as Paranjoy Guha Thakurta resigns from EPW



Within days of the Adani Group slapping a defamation notice on the Economic and Political Weekly, its editor Paranjoy Guha Thakurta, one of India's most respected journalists, resigned from his position today.

He had assumed the editorship just a year and a half back. His predecessor Rammanohar Reddy had also quit in less than ideal circumstances.

The Adani Group's defamation notice was in connection with a report about the conglomerate bending rules with regard to Special Economic Zones. The story had alleged that the group availed a Rs. 500 crore refund as a result of this stratagem.

Just last Saturday, as India's foremost development journalist P Sainath delivered the Durgabai Desmukh Memorial Lecture 2017 at the India International Centre, Guha Thakurta sat outside the hall, listening intently. No one had any inkling that a resignation was in the pipeline. Sainath quoted Guha Thakurta repeatedly in his lecture.

The two represent the finest in Indian journalism. Sainath's exit from The Hindu was also in circumstances that did not add much to India's journalistic freedom record.

Following a meeting, the board of the Sameeksha Trust, which brings out the EPW, ordered that two articles published earlier this year about the Adani Group be removed from the EPW's online avatar.  While one of the articles in question – ‘Did the Adani Group Evade Rs 1,000 Crore in Taxes?’ – was published in the EPW editon of January 14, 2017 – the other article – ‘Modi Government’s Rs 500-Crore Bonanza to the Adani Group’ – was featured in the weekly's June 24, 2017 edition.
 
The development comes just three days before The Media Rumble, a huge interactive event of journalists in Delhi being organised by Newslaundry, a media critiquing website. With some of the country's top news professionals, news makers and news consumers gathering at the two-day event on July 21, Guha Thakurta's resignation is likely to be a hot topic of discussion. 

Incidentally, Guha Thakurta's resignation comes on a day when Smriti Irani became the country's Information and Broadcasting Minister. With Venkaiah Naidu being nominated as the BJP's vice presidential candidate, one who is likely to win and become the boss of Rajya Sabha TV also, the liberal media is set for some major losses in its ranks. 
 
-------------
Punjab Today believes in serious, engaging, narrative journalism at a time when mainstream media houses seem to have given up on long-form writing and news television has blurred or altogether erased the lines between news and slapstick entertainment. We at Punjab Today believe that readers such as yourself appreciate cerebral journalism, and would like you to hold us against the best international industry standards. Brickbats are welcome even more than bouquets, though an occasional pat on the back is always encouraging. Good journalism can be a lifeline in these uncertain times worldwide. You can support us in myriad ways. To begin with, by spreading word about us and forwarding this reportage. Stay engaged. 
— Team PT




[home] [1] 2 3  [prev.]1-5 of 11


Comment

your name*

email address*

comments*
You may use these HTML tags:<p> <u> <i> <b> <strong> <del> <code> <hr> <em> <ul> <li> <ol> <span> <div>

verification code*
 







MOST VISITED
YOU MAY LIKE

TOPIC CLOUD

TAGS CLOUD

ARCHIVE



Copyright © 2016-2017







NEWS LETTER