Uttar Pradesh developers give mixed reactions over union budget

Representative image.Representative image.
LUCKNOW: Real estate playersand stakeholders have different viewpoints on the union budget. While some welcomed the latest measures announced by the union government to boost the industry, some of them found it lacking. Industry players also highlighted slow execution of government policies in Uttar Pradesh.

Though everybody welcomed the takeaways government offered to builders undertaking affordable projects, they also pointed out how they will have to pay up tax on notional rent on unsold inventory within a year. “The sector has remained extremely weak for three years. More was needed. Focus on just affordable housing is not enough,” said Khalid Masood, joint managing director Shalimar Corp Ltd who dubbed the budget as lacking.

Chief managing director of Paarth Infrabuild Pvt Ltd, PN Mishra said, “Every year sops are announced for affordable housing. But nothing improves on the ground. We have undertaken two affordable projects in Allahabad and Lucknow. Though we have completed the formalities, we are yet to get benefits from government. Government should work on effective execution.”

But CREDAI UP president and chairman of Eldeco group was hopeful. “Very limited number of units below Rs 20 lakh are available in the city at present. A lot of families do not prefer to stay in government schemes. With easy financing to developers doing affordable buildings, we will be able to supply units in the range of Rs 15 lakh to Rs 20 lakh,” said Garg.

A body of a man who could not be identified has been taken out from under the debris. The district magistrate of Kanpur said that as per the statements of labourers who were rescued, there were a total of 50 of them working on the site and going by the statements 26 more could be trapped under the debris



Tata Motors shareholders reject pay proposals of 3 executivesTata Motors shareholders reject pay proposals of 3 executives
NEW DELHI: Shares of Tata Motors on Wednesday plunged over 10 per cent, wiping out Rs 15,068 crore from its market valuation, after the company reported a 96.22 per cent decline in consolidated net profit for the December quarter.

The stock tanked 10.32 per cent to end at Rs 436.55 on BSE. During the day, it nosedived 10.64 per cent to Rs 435.

The stock was the worst performer among the 30-sensex components.

At NSE, shares of the company dived 9.45 per cent to close at Rs 436.45.

Led by the sharp dip in the stock, the company’s market valuation plummeted by Rs 15,067.81 crore to Rs 1,25,488.19 crore.

In terms of volume, 36.29 lakh shares of the company were traded on BSE and over 3 crore shares changed hands at NSE during the day.

The stock had lost 5 per cent in the previous session as well.

“TAMO reported another weak quarter with both standalone business and JLR performance coming well below our/street expectation,” Kotak Securities said in a report.

Homegrown auto major Tata Motors on Tuesday reported a 96.22 per cent decline in consolidated net profit to Rs 111.57 crore for the December quarter, dragged down by losses in domestic operations and lower profit of its British arm JLR.

It had posted net profit of Rs 2,952.67 crore in the same quarter of last fiscal, Tata Motors said in a BSE filing.

The company’s consolidated sales during the October- December quarter were down 2.2 per cent to Rs 67,864.95 crore as against Rs 69,398.07 crore in the year-ago period.

On a standalone basis, Tata Motors’ loss after tax widened to Rs 1,046 crore in the third quarter of 2016-17, from Rs 137 crore a year ago


Instead of taking over private schools, improve public schools: Delhi High Court

Instead of taking over the private schools, government should mull over to improve public schools in such a manner that the parents will opt for public school in the near future, observed Justice Manmohan.

Delhi High Court

Delhi High Court

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The Delhi High Court on Tuesday, identifying the poor quality of education and infrastructure in government schools, questioned the AAP government whether its bureaucrats intend to send their wards in government schools or not.

Severed with poor quality education and poor infrastructures, public schools are in no way near comparison to private schools.

“Your standards have fallen so steeply that it will take time to come up to the mark,” the court remarked adding, “Can you and me decide where the child of a parent should go to study.”

Instead of taking over the private schools, government should mull over to improve public schools in such a manner that the parents will opt for public school in the near future, observed Justice Manmohan.

“Your (Delhi government) schools are below the line. In United States of America people prefer to admit their children in public schools as the infrastructure and teachers are good. In our public schools, the teachers do not even turn up for classes. It’s not worth talking about the infrastructure,” the court said, noting that “choice of freedom for everyone, especially with regard to education, cannot be merely taken away by an order” with regard to nursery admission on the basis of the neighbourhood criterion.

What has prompted the Delhi High Court to step in?

Following the orders issued by the AAP government in the recent times asking the private schools to admit students in nursery from its neighbourhood, the private schools took the matter to the court.

The recent court’s observation came following the hearing of pleas challenging the AAP government’s recent order to private unaided schools to admit students in nursery using the neighbourhood norm.

The nursery admission guidelines have been bringing up major issues for the private schools lately.

The Delhi High Court had earlier slammed the AAP government for issuing the admission guidelines in a limited time where several parents were left confused and aggrieved.

Government’s stance for over this decision:

The Additional Solicitor General (ASG) Sanjay Jain, appearing for the Directorate of Education (DoE), claimed that the government has been taking due initiatives to improve public schools and guidelines imposed on the private unaided schools as a part of it, so that they will be allowed to go ahead with the decision. (neighbourhood norm).

“DoE has power to regulate rules with regard to schools here and the institutes should abide by these,” informed ASG to the court adding the last date for submissions of forms for nursery admission have been extended till February 14.

However, the court has opined that such practice will invite corruption as it will prompt the parents to provide false documents during the admission process just to secure admission for their wards.


Apple sues Qualcomm over patent licensing and $1B in payments


A nasty spat between Apple and Qualcomm broke into public view on Friday when the smartphone maker accused the chip supplier of charging “exorbitant” licensing fees for its cellular technology.

Apple is asking a Southern California court to order Qualcomm to pay it nearly $1 billion that it says Qualcomm is holding back. Apple says it is owed the money but Qualcomm is holding it back because Apple cooperated with a South Korean government investigation into Qualcomm’s licensing practices.

The lawsuit alleges that Qualcomm charges high licensing fees to the companies that make iPhones for Apple. Those companies pass the fees on to Apple but aren’t allowed to show Apple the specifics of the licensing deals, leaving Apple unsure what it is paying for.

“For many years Qualcomm has unfairly insisted on charging royalties for technologies they have nothing to do with,” Apple said in a statement. “The more Apple innovates with unique features such as TouchID, advanced displays, and cameras, to name just a few, the more money Qualcomm collects for no reason and the more expensive it becomes for Apple to fund these innovations.”

The lawsuit comes just months after Apple began using Intel radio chips in some units of the iPhone 7. And it follows two recent legal actions by antitrust regulators against Qualcomm’s licensing practices.

In December, antitrust regulators in South Korea levied an $854 million fine against Qualcomm for unfair licensing practices. Qualcomm vowed to appeal the decision.

Then, earlier this week, the U.S. Federal Trade Commission followed with allegations of its own: that Qualcomm had engaged in anticompetitive practices by forcing some phone makers into accepting unfavorable licensing terms while giving Apple a break in exchange for exclusivity.

Apple cooperated with the South Korean investigation. It alleged on Friday that Qualcomm withheld nearly $1 billion in rebates as punishment for that.

In response to the FTC’s lawsuit earlier this week, Qualcomm denied it did anything of the sort and said the FTC’s lawsuit is “significantly flawed.”

“Qualcomm has never withheld or threatened to withhold chip supply in order to obtain agreement to unfair or unreasonable licensing terms,” it said in a statement. “The FTC’s allegation to the contrary—the central thesis of the complaint—is wrong.”


The Fed may be headed for a clash with Trump…but not over interest rates

Federal Reserve Chairwoman Janet Yellen speaks to educators at the Federal Reserve Board Building January 12, 2017 in Washington, DC.

Federal Reserve Chairwoman Janet Yellen speaks to educators at the Federal Reserve Board Building January 12, 2017 in Washington, DC.

Aaron P. Bernstein | Getty Images

The bond market can’t help but worry that if Donald Trump succeeds in stimulating the economy, it could mean he will have a new reason to clash with the Fed.

That’s because if growth picks up, the U.S. central bank will move faster to normalization, not only by raising rates, but by addressing its sleeping giant of a balance sheet.

Fed officials, since their last meeting, have been talking about the day when they will stop holding onto the $4.5 trillion in Treasury and mortgage securities in their portfolio, and allow them to roll down. The Fed now replaces securities when they mature, but if it were to stop, the Treasury would have to pay back the Fed



We have come a long way in science, yet it is not over

Image result for We,have,come,a,long,way,in,science,yet,it,is,not,over

Medicinal sciences have come a long way since the dawn of human civilization. Today we have advanced treatments and medicines and various drugs to treat a myriad number of diseases. The life expectancy of humans have increased manifold and today the average life expectancy of a human being for the world is over 60 years. The number is even higher for the developed nations like United States of America, Finland, United Kingdom and other European countries. This is due to the fact that the medical facilities have grown a lot in these places. Apart from the above said factors even the quality of food, water and other basic necessities in this place is better than what we get in the most African and Asian countries. As a result people live longer in England. There are many forms of medicine that are being practiced world over. For instance apart from the allopathy medicine there are homeopathy, Ayurveda, Unani, Siddha and other ways to treat human beings. While not all of them are supported or acknowledged by the governments of all the countries, there are essentially a number of practitioners of these medicines. However the desired result is not always achieved and the patients might suffer a lot because of the various treatments. If the inability do get cured is because of the negligence of the physician or the medical practitioner then the patients are to be undergone medical negligence compensation.

Medical practitioners and surgeons are liable to pay compensation

The medical practitioners are liable to provide to the alternate treatments methods and also give them a hefty compensation for the discomforts that have been caused by them. However in order to receive the medical negligence compensation, one has to apply and convincingly prove that one has been wronged by the medical community. It is not always easy to prove this and for the same you might need the expertise and skills of an experienced person who has taken such cases. Although there is a legal option to go to the court, these are some of the cases that can be completed without even stepping into the court. The reasons are simple that the courts take a lot of time for the trial and it can be costly.


The 2016 Galaxy A series was promised an update to 7.0 Nougat and a version of the software is already under testing – a Galaxy A5 (2016) posted a score to the Geekbench database running Android 7.0.

Note that this was the version with an Exynos 7580 Octa chipset, something that may have an effect on timing (the A5 2016 model is also available with a Snapdragon 615 chipset).

We poked around to see if any other phones of the 2016 A lineup put in a score. The most recent results we found were still on 6.0.1. Still, Samsung will probably release the upadte for all devices at once, that’s how it updated them to 6.0 Marshmallow after all.



Over three lakh school children in Kerala will soon come under the ICT Club, the largest students’ IT network in the country. The programme would be implemented in state run schools and a committee would be set-up with the headmaster as convener to coordinate the school level activities of the programme.

Representative Image

Representative Image

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Over three lakh school children in Kerala will soon come under the ICT Club, the largest students’ IT network in the country managed by the state owned IT@School project. The main focus of the club will be on areas such as animation, multimedia, hardware, electronics, language computing and internet and cyber safety.

This activity will get the support of  various organisations such as Google (Internet Safety), Start-up Mission (Electronics) and Swathanthra Malayalam Computing.

(Read: Delhi records rise in number of students)

About the programme

Education Minister C Ravindranath said that the programme aims at facilitating an in-depth ICT learning environment for students to provide them with an experience of group learning as well as collaborative learning, thereby improving the efficiency of ICT enabled education in schools.

“As part of General Education Protection Mission, the Hi-School Student Group programme would be strengthened and the students’ participation would be ensured in various activities,” Ravindranath said.

The programme would be implemented in state run schools and a committee would be set-up with the headmaster as convener to coordinate the school level activities of the programme.

“As many as one lakh students would be part of this programme in this academic year itself and IT@School project would develop a mechanism for these students to provide the awareness and training for other students and parents. At the next academic year, another two lakh students would be covered,” said K Anvar Sadath, Executive Director of IT@School.



Xaume Olleros | Bloomberg | Getty Images

Beijing’s crackdown on capital flight could be about to extend to Singapore amid concerns that large sums of money may have been funneled out of the mainland in violation of China‘s strict currency controls through casinos in the city state.

As the nation battles to plug holes in a system which is seeing billions haemorrhage from a slowing economy at a time of unprecedented global uncertainty, a potential misuse of the China UnionPay banking network at casinos in Singapore could be contributing significantly to capital flight.

The concerns centre on a casino “resort entertainment” voucher program which gives UnionPay card holders access to gaming chips – a purchase which a top official at the People’s Bank of China has told the South China Morning Post is outlawed.

When told of the program by the Post, Xie Zhong, the director of the payment settlement department at the central bank in Beijing, said: “China UnionPay’s bank cards should certainly not be used in casinos.”

The bank oversees the operation of China UnionPay.

The city state’s gaming watchdog, the Singapore Casino Regulatory Authority, declined to comment despite being asked three times to do so by the Post.

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The amount of revenue generated by the program is not known, but it was launched by the Marina Bay Sands casino resort in February 2015, the promotional material says.

“The purpose is to allow members who use China UnionPay, Visa and MasterCard credit or debit cards to make purchases of the resort entertainment vouchers and use it as a mode of payment for gaming chips,” the material reads.

China UnionPay also did not respond to questions about the program.

Marina Bay Sands defended the program, saying it complied with terms and conditions of use for China UnionPay cards.

More from the South China Morning Post:
Beijing targets ATMs in Macau to cut currency flight
Banks assume the ‘burden of proof’ in China’s crackdown on capital flight
China tests prototype of most advanced stealth fighter jet

Ron Reese, senior vice-president of global communications and corporate affairs for the Las Vegas Sands Corporation, said: “The resort entertainment voucher program at Marina Bay Sands was designed to give guests increased flexibility in purchasing a variety of goods and services.

“We are pleased to be part of the UnionPay network, which allows Chinese consumers to purchase goods and services at locations in countries around the world. Marina Bay Sands operates the resorts entertainment voucher program in accordance with the terms and conditions of China UnionPay cards. We look forward to continuing to offer this amenity.”


With Cyanogen dead, Google’s control over Android is tighter than ever

cyanogen mod logo

It wasn’t too long ago when Cyanogen announced its plan to destroy Android. Back in 2015, Kirt McMaster, then the CEO of the company behind the fledgling fork CyanogenMod, declared in no uncertain terms that Google was the enemy. McMaster told Forbes that Cyanogen’s intention was to put “a bullet through Google’s head.”

But as McMaster would soon find out, it’s not so easy to kill a megacorp. After a series of missteps and layoffs, Cyanogen announced last week that it was closing up shop, bringing an abrupt end to a battle that was never really in doubt.

In a late-afternoon blog post on the Friday before Christmas—a news dump clearly designed to make as little noise as possible—Cyanogen announced it was shutting down “all services and Cyanogen-supported nightly builds … no later than 12/31/16.” In the two-sentence statement, the company also placated tinkerers by assuring the project and its source code “will remain available for anyone who wants to build CyanogenMod personally.”

Cyanogen might never have seriously threatened to take control of Android, but the upstart’s shutdown still represents a major victory for Google. As Google showed with the launch of the Pixel, the company is taking steps to ensure no one ever gets close to stealing Android’s soul ever again.


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Michael Homnick

The OnePlus One was Cyanogen’s first real push for mainstream success.

Forks and knives

Cyanogen’s closure shouldn’t be a surprise to anyone who’s followed the company’s recent news, which reportedly included workforce reductions and a move toward apps. But while Cyanogen the company might have lost a lot of momentum, CyanogenMod the OS still represented Android in its finest form—a true crowd-sourced collaboration that refused to fly under Alphabet’s flag. And for fans who dutifully downloaded the builds of the rogue OS, Friday’s news was an ignominious end.

At one time, McMaster’s bold proclamation that Cyanogen was “attempting to take Android away from Google,” didn’t seem too far-fetched. Android was gaining market share on the backs of lesser-known phones with slapdash OSes, and the notion that an alternate version of Android could wrest control of Google’s vision was tangibly possible. Cyanogen had just partnered with scrappy hardware startup OnePlus, and even Microsoft, via a Cyanogen partnership, was willing to bet that the modified OS was about to break out of its niche status and become a major player in the smartphone space.

In many ways, Cyanogen encapsulated more of the spirit of Google’s mobile OS project than Android itself ever did. As an early offshoot of the mainstream project designed and supported by habitual modders, Cyanogen was in many ways more aligned with the iOS jailbreaking community than Android proper, bringing customization and features far beyond those available in the stock OS.

Cyanogen LogoMichael Kan
Cyanogen survived a serious effort by Google to shut it down and declared it wanted to “put a bullet” in the head of Android’s creator.

But almost as quickly as Android took off, Google began reining it in. By implementing stricter rules for manufacturers to prevent further fragmentation—including licensing of its apps and mandatory inclusion of its search bar widget—Google actively worked to keep deviant versions of Android on the fringes. Nonetheless, CyanogenMod persisted, surviving cease-and-desist orders, takeover rumors and general Google-led consternation.

And now it’s all over. Google won, not by waging war with Cyanogen