Reserve Bank of India (RBI) governor Shaktikanta Das called for a permanent status to Finance Commission and a robust expenditure planning without compromising on fiscal consolidation as fiscal federalism gathers momentum in the era of uniform goods and services tax (GST). Das who is also a member of the 15th finance commission said there is a need to ensure consistencies between finance commissions so that there is some certainty in the flow of funds to states. “This has become even more critical in the post GST scenario. In other words, there has to be continuity and change between finance commissions. Increasingly, therefore, it is…
Author: Loknath Das
Enterprise software maker Atlassian is paying $165 million for AgileCraft, a startup that sells software to manage business projects. The acquisition, announced Monday, is part of Atlassian’s expansion from selling software development tools to more general workplace software. Atlassian is known for products like Jira, a tool for tracking software development tasks, and Bitbucket, which lets developers store and collaborate on the software code itself. The deal is expected to close in April, Atlassian said. AgileCraft, based in Georgetown, Tex., specializes in software that lets businesses track individual projects in a similar way to how developers build software in the agile development style of small,…
Swiss art historian and curator Federica Martini conducting a workshop at Jamia Millia Islamia’s fine arts faculty Last October, a group of art students from Jamia Millia Islamia central university went about collecting objects just like the Nobel Prize-winning Turkish author Orhan Pamuk did while writing his book Museum of Innocence (2008), a love story set in Istanbul. They, however, didn’t collect women’s pictures from newspapers, lottery tickets or cigarette butts, objects that were central to the novel. “Each of us was asked to bring an object close to us,” explains Jasmine Khan, a first-year art history and art appreciation…
Working Capital (WC) finance is provided by banks in India mainly in the form of long term/short term loans, cash credit (CC) facility and non fund based (LC/BG) facilities. The bifurcation of fund based credit facilities in the form of loan/cash credit has been kept at the discretion of banks by the regulator. Recently, Reserve Bank of India (RBI), the banking regulator, has vide its guideline of December 05, 2018 introduced Loan Component in WC finance. The guidelines are applicable for borrowers enjoying aggregate fund based (FB) WC finance of Rs150 crore and above from banking system. As per these…
HR is a necessary part of running every single business in the world. But the processes and technology that underpin it are some of the least sexy and most convoluted in the world. However, the industry is large and lucrative, and therefore ripe for innovation. The HR management market is expected to be worth $30bn by 2025, with growth fuelled by the entrepreneurs heaping legacy systems onto the bonfire and making it easier for companies to hire the best people, and keep them. And the rise of cloud computing and software-as-a-service (SaaS) is changing this market forever. I caught up with a…
French Founder Firmin ZocchettoPAYFIT HR is a necessary part of running every single business in the world. But the processes and technology that underpin it are some of the least sexy and most convoluted in the world. However, the industry is large and lucrative, and therefore ripe for innovation. The HR management market is expected to be worth $30bn by 2025, with growth fuelled by the entrepreneurs heaping legacy systems onto the bonfire and making it easier for companies to hire the best people, and keep them. And the rise of cloud computing and software-as-a-service (SaaS) is changing this market forever. I…
Traditional software development is slow. It’s just for a re-think. Almost three years ago Microsoft’s Satya Nadella famously coined that “every business will be a software business”. Today, the $500 billion global software market is on track to double to $1 trillion by 2030. J.P. Morgan is on record as having 40,000 software engineers (more than Alphabet) in their most recent filing. Every major enterprise company is racing to hire engineers in order to out-develop their competition. The big problem is that traditional software development is slow, fragmented and wasteful. For example, each week the average software engineer will spend…
Huawei has rolled out a new software update for its flagship Mate 20 Pro smartphone that brings support for the ViLTE conversational video service. It allows users to make video calls without having to rely on a third-party video calling app. ViLTE, which stands for Video over LTE, will soon be rolled out for all Huawei devices, the company has revealed. In addition to ViLTE, the software update also brings the February Android security patch for the Mate 20 Pro. In addition to the ViLTE support and the February Security Patch, the Huawei Mate 20 Pro update brings system stability…
On January 3, the Narendra Modi government amended the Right to Education Act, 2009, the country’s most important law on school education, permitting states to hold examinations in Classes 5 and 8 and make children repeat those classes if they fail. The Act had previously banned the practice of holding children back in elementary school (Classes 1 to 8), universally enforcing a “no-detention policy”. The Right of Children to Free and Compulsory Education (Second Amendment) Bill, 2017, lifted that ban, leaving each state to frame its own policy on the matter. The Right to Education amendment was notified on January 10. On February…
According to the administration, students were found performing poorly in studies because of their addiction to the game. PUBG Mobile addiction The online Battle Royale game, PlayerUnknown’s Battlegrounds or PUBG is no stranger to being called addictive, or harmful or something else negative. There has been a number of incidents where state governments have taken steps asking to ban the game. There have been other incidents such as that fitness trainer from Jammu who injured himself because he lost a game in PUBG. Now the Surat district administration on Thursday imposed a ban on PUBG. The main reason for the…