PAKISTAN RESORTS TO MORTAR SHELLING
Jammu and Kashmir, husband and wife were killed while their three children were injured in Pakistani shelling in Poonch district today. Defence sources told AIR that in yet another incidence of ceasefire violation, Pakistan army resorted to mortar shelling and firing along Line of Control (LoC) in Gulpur sector this morning around 6 am targeting forward defence locations and civilian areas.
The shelling prompted an effective retaliation from the Indian troops and they gave a befitting reply. Intermittent exchanges were continuing when last reports came in.Pakistani forces have been using small, medium and automatic arms and heavy mortars in firing.
Pakistani shelling in civilain areas has once again triggered panic among the people living in the areas close to the bordrline.
WB:INDIA AT VANGUARD AGAINST CLIMATE CHANGE
World Bank has said, India is emerging as a front runner in the global fight against climate change. In a news report published yesterday World Bank said with a sweeping commitment to solar power, innovative solutions and energy efficiency initiatives to supply its people with 24×7 electricity by 2030, India is emerging as a front runner in the global fight against climate change.
Noting that Indian government is setting ambitious targets that include 160 gigawatts of wind and solar by 2022, the bank said it is an incentive for international firms to invest in India’s solar market.
G20: PM MODI HOLDS BILATERAL DISCUSSIONS WITH WORLD LEADERS
Prime Minister Narendra Modi held bilateral discussions with a number of leaders on the sidelines of the ongoing G-20 Summit in Hamburg, Germany today.
Mr Modi and President of the Republic of Korea Moon Jae-in expressed their commitment to further develop the special strategic partnership between the two countries.
For this, the two leaders agreed for working through programmes like Make in India, Digital India and Startup India. President Moon has accepted an Invitation extended by Mr Modi to visit India at an early date.
Mr Modi held bilateral discussions with his Italy counterpart Paolo Gentolini which focussed on promoting bilateral relations. An official release said the two leaders stressed the significance of promoting interaction between medium enterprises of the two countries for strengthening bilateral economic cooperation.
The Prime Minister of Italy appreciated Indian investments in his country, including in industrial sector. The two leaders also discussed ways and means to work together for providing sustainable solutions to prevent climate change and promote development in Africa.
Mr Modi also discussed bilateral matters with his Norwegian Counterpart Ms Erna Solberg. The two leaders agreed to strengthen economic relations. Mr Modi invited participation of Norwegian pension funds in the National Investment and Infrastructure Fund.
Meanwhhile, the G20 leaders deliberated upon partnership with Africa and matter relating migration and health at its working session.
CAG: 80% BORDER ROADS NOT READY & NOT FIT: COSTING RS.1.37CR PKM
July08, 2017 (C) Ravinder Singh progressindia2015@gmail.com
Both Gadkari & Prabhu are together spending Rs.20,00,000 Cr to Rs.30,00,000 Cr final cost on completion but neglecting BORDER ROADS.
CAG has uncovered lapses in Border Road construction.
Cost per kilometer of Border Roads is Rs.1.37 Cr Per Kilometer – Gadkari & Prabhu spending Rs.20 Cr/km to Rs.50 Cr/km for Highways and Rs.20 Cr to Rs.500 Cr Per Kilometer for Railway Projects.
Ravinder Singh, Inventor & Consultant, INNOVATIVE TECHNOLOGIES AND PROJECTS
Y-77, Hauz Khas, ND -110016, India. Ph: 091- 9871056471, 9718280435, 9650421857
Ravinder Singh* is a WIPO awarded inventor specializing in Power, Transportation,
Smart Cities, Water, Energy Saving, Agriculture, Manufacturing, Technologies and Projects
Border roads not ready for war with China: CAG reportKALYAN BAROOAH
NEW DELHI, July 7 – Even as the armies of India and China are locked in an eyeball to eyeball stand-off in the Doklam area at the Sikkim-Bhutan-Tibet tri-junction, comes a report which states that India’s border roads are not ready for war with China.
The Comptroller and Auditor General (CAG) has as early as in March submitted a report ‘Construction of Indo-China Border Roads by Border Roads Organisation (BRO)’ in the Parliament cautioning that border roads were anything but ready. The non-completion of works has a serious bearing on the operational capability of the armed forces in strategically sensitive areas, the CAG report said.
The report studies execution of works relating to 61 Indo-China border roads (ICBRs), which have been entrusted to the BRO to meet the requirement of the Army, ITBP and other users. Of these 61 ICBRs, 24 roads were selected to assess the effectiveness of planning and management of works, financial management, resource management, and quality and internal control mechanism.
The Cabinet Committee on Security (CCS) headed by the Prime Minister had emphasized the time-bound completion of the Indo China border roads due to their strategic importance. As of March 2016, an expenditure of Rs.4,536 crore against an estimated cost of Rs.4,643 crore was incurred for these 61 ICBRs (total targeted road length of 3,409.29 km). However, only 36 per cent i.e. 22 roads having a length of 707.24 km had been completed.
On conduct of audit, only six roads were found completed by March 2016, while 17 other roads, on which an expenditure of Rs.1,797.28 crore had been incurred, were facing problems of substandard construction. Even the six roads having a total length 197 km, which have been completed at a cost of Rs.164 crore, were not fit for running of specialised vehicles and equipment such as Smerch and Pinaka rocket launchers, and Bofors field artillery due to various limitations like steep radiant, less width, inadequate turning radius and defective alignment, among others.
The annual works plans (AWPs) are neither prepared timely nor the physical targets achieved. The plans at various levels had not been framed realistically and there were critical gaps in implementing what had been planned. There were numerous instances of defective construction of roads on account of unsuitable design, steep gradient, defective alignment, turning radius problems, improper contract management, poor riding conditions, inadequate drainage facilities, non-connectivity of roads and abandonment of executed works.
This had not only resulted in delay in completion of strategic roads but also caused an infructuous expenditure of Rs.63.20 crore on account of realignment of roads. In certain cases expenditure was incurred in excess of the sanctioned amount without approval.
Moreover, deployment of General Reserve Engineering Force personnel was done in remote and hazardous working locations without adequate facilities. Users also expressed their dissatisfaction as the road works executed by the BRO did not adequately meet the requirement.
Users’ feedback indicated that there were issues like improper gradient, undulating surface, improper turning radius, minimum passing places, unsatisfactory riding comfort, etc., with 17 of the 24 roads selected for audit.
The CAG report recommended that reconnaissance, survey and soil classification should be carried out to facilitate the completion of roads in time. The department concerned should expeditiously implement the plan for adoption of newer technologies like Light Detection and Ranging (LiDAR) and high resolution space technology for road construction works, the CAG noted, suggesting that the Ministry of Defence should take up the issue of fund availability with the Ministry of Finance.
10TH GLOBAL AGRICULTURE LEADERSHIP SUMMIT
Dear All,
We are pleased to invite you to the 10th Global Agriculture Leadership Summit and Leadership Awards 2017 on 5 – 6 Sept at Taj Palace, New Delhi. The Summit is expected to have participation of several Union Ministers, Chief Ministers, Agriculture Ministers, Top Officials, National Experts, Industry CEOs, Farmer Leaders, Ambassadors, Foreign Dignitaries, Vice Chancellors, Media and Social Leaders. The list of eminent Speakers and Awardees of previous Summits is enclosed. Please find links below for details about the Global Summit and Leadership Awards function 2017.
We are also pleased to invite applications and nominations for various categories of Agriculture Leadership Awards 2017 from individuals and institutions. These are the apex agriculture awards in the country, presented for the leadership roles, and the organisers wish to maintain the strict standards in selecting the awardees. Applicants and sponsors may kindly refer to the past lists of Awardees. Applications highlighting key achievements in not more than two pages may kindly be sent by mail. Additional information if required will be sought separately.
We are also pleased to announce the launch of 10th Agriculture Year Book 2017 on 5th Sept during the inauguration of the Summit. As in the previous years, the Year Book will contain 100 pages of articles and 100 pages of data and analysis on various subjects related to food, agriculture, horticulture, animal husbandry, trade and agribusiness etc. for which we are seeking articles from eminent persons on their areas of expertise.
We look forward to your kind participation and support to the event.
With regards
NS Randhawa
Executive Director
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MOMAGIC BAGS THE DIGITAL MARKETING MANDATE
MoMagic bags the Digital Marketing Mandate for Super Boxing League, across all platforms
New Delhi, India 7 July 2017: Boxing in India has for many years been one of the most popular sports and with the launch of Super Boxing League (SBL) with participation from top pugilists from India and abroad, the stage is set for some exciting ring action. Keeping up the momentum of the game and to promote the league, SBL partners with MoMagic, leading Online and Offline mobile digital marketing company for digital marketing across all the platforms for SBL Season One.
MoMagic works on data driven technology to help Brands, Ecommerce players and Business partners acquire Quality Users and drive Effective Revenue Growth. The Company has a unique 360-degree user-insight intelligent technology platform to understand and predict user behaviour with 24/7 constant optimization on user acquisition and boosting business revenue.
Speaking on the win, Arun Gupta, Founder and CEO MoMagic Group said “One of the most notable trends that we are witnessing today is the digital revolution, which is having a significant impact on consumer behaviour and market structure. Today, Internet is becoming a key channel for gathering information, arriving at purchase decisions and transacting online with more and more consumers using the medium. SBL is an exciting brand to work on and with this collaboration we wish to provide best of our expertise to SBL for promoting the event on a targeted consumer base.”
The inaugural edition of the Super Boxing League (SBL) is all set to commence from the 7th of July 2017. The event will be held in New Delhi, India.
Speaking about the League and the collaboration with MoMagic, Bill Dosanjh, Founder and Promoter said, “Super Boxing league – world’s leading boxing league – in its inaugural season itself has attracted wide fan base in the country. Super Boxing League is all set to woo Indian audiences with the best of action in boxing and we plan to optimize our reach to a wide-across fan base – target audience with our strategic collaboration for Digital marketing across platforms with MoMagic.” He further added,“Recognizing the impact of digital era as an opportunity, we wish to use an aggressive digital marketing strategy to promote the Super Boxing League through consumer driven platform provided by MoMagic.
Upended on key channels, MoMagic is equipped with an advantageous position to access massive user base and potentially to reach huge data pool in Asia powered by Big Data Technology towards AI Marketing Capability. MoMagic has become a KEY Online USER Acquisition Solution Expert drawing huge potential of growth and revenue generation for its partners and clients. Besides SBL, MoMagic has made a mark in the digital marketing segment with reputed clientele that includes names like Flipkart, MakeMytrip, Uber, OLX and Opera.
ABOUT Super Boxing League
This unique concept was born thanks to British businessman Bill Dosanjh, also the founder and promoter of successful Super Fight League held recently in New Delhi, India.
Super Boxing League with its tag line Hit Harder will also be promoted by none other than Olympic medalist and two time world champion boxer, Amir Khan. Scheduled to be staged from July 7 – Aug 12, 2017.
The franchise-based SBL is Bill Dosanjh’s yet another innovation after the Super Fight League. The Super Boxing league – world’s leading boxing league – in its inaugural season has attracted wide fan base. Now the Super Boxing League is ready to woo Indian audiences with the best of action in boxing.
One of the features of the league will be its unique point scoring system which is being introduced for the first time in the history of professional boxing wherein a boxer can claim six points on winning a bout through knock-out.
The SBL will consist of 8 franchises. Each team will comprise of six players (five male boxers and one female boxer with six back up players per team). There will be competitions in six different weight categories with bouts of 4 rounds of 3 minutes each.
About MoMagic
MoMagic Group, founded in 2011, with strategic investments by MediaTek (https://www.mediatek.com/) and Foxconn (http://www.foxconn.com/), has been consistently innovating-developing AI/Big Data Technology solutions and has the widest deployment of applications on Mobile platform ecosystem. Mo magic has strong business presence in Asian Market along with Strategic tie-ups with multiple Mobile OEMs. It also has joint venture companies with Leading OEMs. Other than Mobile Brands and ecommerce players, MoMagic is strategic partner with leading Apps and Content Providers in Asian Market.
The Company started from the software differentiation business for Mobile Handset companies and has successfully transitioned to data-driven Online User Acquisition Marketing Platform with technological prowess. From being pioneers previously in Factory Preloads and Offline – and from Feature phones to smart phones in Asia. MoMagic has become a KEY Online USER Acquisition Solution Expert drawing huge potential of growth and revenue generation for its partners and clients.
TRAI RS.8 LAKH CR MEGA SCAM RS.17,339 CR TAX LOSS FY18
July09, 2017 (C) Ravinder Singh progressindia2015@gmail.com
Can you believe Quarterly Revenue of All Telcos including RJIO is just $6b which is same as $6b in Q3FY2009 or 8 years ago? [Most Equipment’s are imported in $]
Even as TELCOs debt more than doubled and finance by Banks including Refinancing or Debt Restructuring exceed Rs.5,00,000 Cr of Rs.8,00,000 Cr outstanding – Quarterly Adjusted Revenues are less than March2014 level.
With just 1.67% of Debt Monthly revenue– Telcos can’t serve debt. Government is losing Taxes also.
http://www.trai.gov.in/sites/default/files/Indicator%20Reports%20-%20Mar-14.pdf , http://www.trai.gov.in/sites/default/files/Indicator_Reports_050720174.pdf
Q.Mar.17 Adjusted Revenue – Rs.40,831 Cr down from Q.Sep2016 figure of Rs.50,539 Cr – Q.Mar14 figure was Rs.41,016 Cr to below March2014 figures.
Even more Shocking DOT has estimated Tax Contribution of Telecom sector to CRASH 37% in financial year 2017-18 to Rs.29,534 Cr. This translates to Rs.17,339 Cr Loss of estimated Tax Contribution by Telecom sector in FY18.
DoT recently asked the finance ministry to cut revenue estimates from the debt-laden sector by 37% Rs.29,524 crore for the financial year to year ending March 2018.
Telecom sector is Totally Corrupted in 3 Years.
What is So Scandalous is that AGR Rs.28,940 Cr in $ Terms Q3FY09 Was $6b, same as Rs.40,831 Cr or $6b for Q4FY17.
Ravinder Singh, Inventor & Consultant, INNOVATIVE TECHNOLOGIES AND PROJECTS
Y-77, Hauz Khas, ND -110016, India. Ph: 091- 9871056471, 9718280435, 9650421857
Ravinder Singh* is a WIPO awarded inventor specializing in Power, Transportation,
Smart Cities, Water, Energy Saving, Agriculture, Manufacturing, Technologies and Projects
Telecom Licence Fee Mopup Shrinks 9%
Trai says in March quarter AGR of sector fell 11%, reflecting rising financial stress
Licence fee collections from the telecom industry shrank by over 9% sequentially in the quarter ended March while adjusted gross revenue (AGR) of the sector fell 11%, the telecom regulator has said, reflecting rising financial stress of the industry.
The government collected Rs.3,361 crore in licence fee from telecom operators in the quarter ended March, down from Rs.3,698 crore in December quarter, Telecom Regulatory Authority of India (Trai) said in a report released on Wednesday. The AGR from telecom services has fallen by over 15% on-year, and 11% sequentially, to Rs.40,831 crore during the March quarter, while the monthly average revenue per user (ARPU) from GSM services dipped nearly 21% on-quarter to Rs.83, according the sector performance numbers issued by Trai.
Telcos pay roughly 8% of AGR as licence fee and another 3% as spectrum usage charges (SUC), which are the two key avenues of government earnings from the telecom industry. Access services contributed over 77% of the telecom industry AGR, Trai report said.
The fall in the financials reflect the brutal impact of Reliance Jio Infocomm’s entry.
Back in April, the telecom department (DoT) had flagged a sharp fall in licence fee collections in the fiscal fourth quarter ended March, citing the debilitating impact of Jio’s promotional free voice and data services. DoT recently asked the finance ministry to cut revenue estimates from the debt-laden sector by 37% Rs.29,524 crore for the financial year to year ending March 2018.
The Trai report comes at a time when an inter-ministerial panel is examining the financial stress in the sector that is reeling under a massive debt.
Banks have put total debt of the telecom services sector at around Rs.8 lakh crore, including loans from Indian banks, overseas borrowings, and annual instalments for spectrum bought in auctions over the past few years, and have, accordingly, raised concerns about default. To alleviate stress, incumbent telcos have sought lower licence fee as well as lower spectrum usage charges (SUC). They have also called for higher inter-connect charges (IUC) –which a telco pays to another on whose network a call terminates -besides setting a floor for voice rates.
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