nriachievers.innriachievers.in/wp-content/uploads/2016/11/nov-2016.pdfMrs. Arathi Krishna in depth...

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November 20164

Letters Matter

October 2016

DATE COUNTRY DAY

NOVEMBER 1 ALGERIA NATIONAL DAYNOVEMBER 3 DOMINICA NATIONAL DAYNOVEMBER 3 COMMONWEALTH NATIONAL DAY OF PANAMA NOVEMBER 9 CAMBODIA INDEPENDENCE DAYNOVEMBER 11 ANGOLA NATIONAL DAYNOVEMBER 11 POLAND INDEPENDENCE DAYNOVEMBER 15 ASIAN-AFRICAN LEGAL NATIONAL DAY CONSULTATIVE ORGANISATION NOVEMBER 15 BELGIUM KING'S DAYNOVEMBER 15 BRAZIL REPUBLIC DAYNOVEMBER 15 PALESTINE INDEPENDENCE DAYNOVEMBER 18 LATVIA NATIONAL DAYNOVEMBER 18 OMAN NATIONAL DAYNOVEMBER 19 MONACO REPUBLIC DAYNOVEMBER 22 LEBANON INDEPENDENCE DAYNOVEMBER 25 SURINAME NATIONAL DAYNOVEMBER 28 ALBANIA NATIONAL DAY

IMPORTANT DAYS

BRAVO NRI ACHIEVERS TEAM!

she will become the chief minister of

Karnataka Yes, she is indeed a woman of real substance. Mrs. Arthi is very independent minded with a ‘never-ever-give-up’ attitude and one who is very much devoted to her family. In all respects, in my view

she is destined to become a significant contributor to the Indian community, especially in India. I

keep watching her to observe with what tenacity she works to achieve her set goals for the welfare of fellow Indians. I fervently hope that one day soon

she becomes the chief minister of Karnataka.

l A Close Friend of Arthi, CA, USA

The NRI Archivers reporter has done a great job in interviewing Mrs. Arathi Krishna in depth – the article with all those beautiful photographs and content I found was akin to a multi-layer cake. After reading your profile of her, I conclude: Arathi Krishna is beautiful from inside out, bright, smart, intelligent and devoted ... a genuine .person serving society, is very caring

I am writing to complement you on your last issue entitled a woman of substance. Firstly the production quality was very high. This was the first issue I saw and greatly liked the look and the get up. Secondly the choice of the cover story and the way it was handled was very interesting. I knew Arathi Krishna briefly in Washington, but I was very impressed with the many aspects of her multifaceted personality that were brought out in your article. Also the challenges she faced and overcame and how she has evolved into a socially caring individual, who has gone back to her roots and is doing so much to benefit the less fortunate in her home district.A remarkable story very well handled. I look forward to more such issues. l Alok Prasad Former Ambassador of India

for people, wants to help anybody and everybody any time of the day. She has served, is serving, and will always serve humankind in any country, without caring much for name or fame. She is a devoted Mother of two kids (Anirudh is now a successful business owner, Anindita is a doctor of medicine), she is the loving, caring wife of Gopal Krishna (a successful Industrialist and entrepreneur), an obedient daughter

of Mr. and Mrs. Begane Ramaiah (who have raised her very strictly with great values). Arathi, Gopal, Anindita, and Anirudh are melodious singers, vedic chanters too! Great cook too! What better candidate can you find to serve people anywhere? Did I hear Arathi Krishna? l Rajeswari Anaheim Hills, California, USA

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I GREATLY LIKED THE ISSUE

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http://www.nriachievers.in November 2016 5

YOU ARE CHASING A CHALLENGING DREAM

I write to compliment you on the cover story of your October 2016 issue of NRI Achievers, featuring a "woman of substance", Arathi Krishna. The choice of one of the most prominent NRI achievers, the quality of writing of Chakravarthi Suchindran, a frank and forthright interview and selection of photographs make the cover story not only interesting for the readers, but also a matter of pride for the magazine. Arathi, who worked with me in the Indian Embassy in Washington in her early diplomatic career, is a remarkable person, who moved from a village in Karnataka to the US as a student and a mother because of circumstances, made the best of her life, brought up her two children well and rose to the level of Community Development Officer and made a mark for her contribution to the Indian Community under the direction of Minister Vayalar Ravi. She served as a valuable bridge between the community and the Embassy. As she has narrated, she was in great demand all over the United States to listen to their needs and to bring them to the attention of not only of the Embassy, but of the Government of India. The many welfare measures, including assistance to the damsels in distress were implemented by her. The community lost a friend and a guide when she left the Embassy. As your writer has hinted, Arathi has a great career ahead of her in community service, whether she continues her humanitarian work or joins politics, which appears to be her destiny. Hailing from a a political family and having association as a young girl with Indira Gandhi, she has every reason to be in politics and hold high positions. She has the education, the intelligence, the experience and the presence to be an exceptional political leader. I am sure that your cover story will inspire her to take the plunge, much to the joy of her admirers. You have done well to present her to the people of Karnataka, many of whom are already aware of her accomplishments and capabilities.I wish your magazine every success.

l T.P. Sreenivasan, IFS Former Ambassador of India & Governor for India of the IAEA Trivandrum

To run a magazine like this with quality and sustained momentum is a challenging enterprise. I am very thrilled and delighted to read your cover story on Mrs. Arathi Krishna. I want to take this opportunity to express my sincere appreciation and thanks to the author of this very well written story on Mrs. Arathi Krishna, whom I know for the past ten years – She is one of the finest human beings I had ever met. Not only kind and compassionate, she is also very effective in her highly prized communication skills coupled with her signature smilies. During her tenure working at Washington D.C. for the Department of Overseas Indian Affairs, she accomplished more in connecting with leaders of the Indian American Community across the United States of America than many of the well paid diplomats. She was instrumental in bringing NRI Communities together through attending various NRI organized programs around the country, often spending her own money to do so. I am personally grateful to her for her tenacity and persevering on getting me selected as a Speaker at the the PBD event in Delhi. Knowing the red tape and bureaucracy, she made sure that I am listed in the program and properly taken care of during my official visit to Delhi. A few years ago when me and my wife visited Bangalore, it was Mrs. Arathi Krishna who made all the arrangements for us, making it one of the most productive and memorable trips ever. Another trait which is very rarely seen in diplomats is her compassionate philanthropy for poor Embassy workers. I have seen her giving sarees, sweets and other gifts to workers who used to come from India. I fervently hope that she becomes a true diplomat with a heart or a Yogini serving humanity. Please do convey my hearty congratulations to Mrs. Arathi Krishna who is the true representative of the values practiced by our Sages and Maharishis.

l Sambhu N. Banik

It was with immense pleasure that I read your article on Smt. Arathi Krishna in the October 2016 issue of “ NRI Achievers”. Congratulations to you and Mr. Chakravarthi Suchindran for publishing the article! The title of the article, “Arathi Krishna – Woman of Substance,” is an apt description of Smt. Krishna. She is truly a woman of substance, and I am making that statement based on my interaction with and observation of Smt. Krishna over a period of 10 years. I know firsthand her contributions to promote and support the interests of Karnataka and India during her tenure here in Washington, DC.As you are aware, Smt. Krishna spent more than a decade in the United States and served with great distinction at the Embassy of India in Washington, DC, in various capacities, including as Community Development Officer. During her stint at the Embassy, she developed a wide network of contacts among the influential Indian American community in this country, which helped her to further India’s and Karnataka’s interests here. Due to her considerable influence among the Indian American community, she also served as an Honorary Adviser with one of the top Indian American organizations, the National Federation of Indian American Associations.While she was in Washington, she closely worked with a number of trade and investment delegations from Karnataka, introducing them to leading Indian American businessmen, as well as American firms. She also acted as an interlocutor between visiting artists and educationists from Karnataka and their US hosts. She was an unofficial cultural ambassador for Karnataka in the United States.Smt. Krishna has also been closely involved in organizing a number of Pravasi Bharatiya Divas events, where she developed worldwide contacts with NRIs and PIOs. After returning to India a few years ago, she also served as a Consultant to the Ministry of Overseas Indian Affairs, working closely with NRIs and PIOs.Once again, thank you for recognizing a great woman who has much more left in heart to serve humanity.

l BenoyThomas Washington, DC, USA

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MATTER OF PRIDE SHE IS CLOSELY INVOLVED WITH PBD EVENTS

Ph.D., President – Banik & Associates, Family Diagnostic and Therapeutic Center, USA


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Publisher's Note


October 2016 9

DAYDREAMING

For as long as I have been aware of myself, I have remained a day dreamer. Dreaming of places and people exotic, of going off the beaten path and travelling around the world … well, there’s nothing

wrong with that, except that one does need some resources to embark on such adventures, and more importantly, one needs to be resourceful. During my years in Delhi University, I had, like most other students of those days, this passion and penchant to frequent Chanakya Theatre at the heart of the city, whose forte and portfolio used to be English blockbusters and more infrequently Indian art movies. BTW, its locale is better known as the ‘Diplomatic Enclave,’ being home to the embassies and high commissions of different countries. When the DTC (state transport) bus would pass through Shanti Path, I used to muse on how these embassies would look from inside, how the foreigners would be at their workplaces, whether we could go in and see, etc. For a long time I wanted to have a look see, though at that time in my life, I had not the faintest idea of what an embassy was, and what their purpose be. Then came a time in later years, after having worked various beats as part of the capital’s press corps for almost a lifetime, I kicks-started my own publication in 2012. Calling it ‘NRI Achievers,’ my clear-cut vision was to get to know my world a little better. A good friend and mentor, Ajay Singh, ex-Minister and former High Commissioner of India in Fiji, came forward to don the mantle of

being our Chief Advisor, and to start with he put me in touch with the then HC of Fiji to India

Yogesh Karan, a young TDH&I … a tall, dark, handsome and intelligent person of Indian origin, a PIO. And in a way I fulfilled my boyhood dream of visiting a foreign office.

As the publisher of a monthly glossy focusing on the doings of the Indian

Diaspora and achievers on our own home front, the silsila of meeting different Ambassadors and HCs began in right earnest, and perforce on a regular basis. During the course of this endeavour, I got to meet another

PIO – a very interesting person of many-faceted talents, Dr. Chandradutt Singh. He was the then HC of Trinidad & Tobago. A singer, a musician, a lefty cricket player & above all, one of the best hosts I have had opportunity to run into. Fiji and T&T both have their high commissions in tony Vasant Vihar, a high profile residential colony of South Delhi, and I was still short of visiting a foreign mission in the diplomatic enclave of Chanakya Puri. Worth noting here is one fact – almost all mission heads I had occasion to get acquainted and interact with were PIOs - wholly a matter of chance? That same chance saw me entering the portals of the Australian High Commission in Chanakyapuri in 2014, the year which saw bilateral relations between the two countries touch a high, resulting in enhanced interaction and many new business relationships. Patrick Suckling, then High commissioner from Down Under, was an affable host, and an admirer of many fine things Indian. Nowadays it has become a matter of routine for me to meet diplomats, and I have met many wonderful people from across the globe, from Canada to Suriname and Mauritius, from Guyana, Netherlands and Uzbekistan, just to mention a few. Apropos, looking at it in retrospect, I want to share my observation with you that interest in India has been waxing manifold over the last couple of years in the diplomatic community here in Delhi, with missions and their officers getting more and more serious about initiating new chapters with India. And by the grace of God, our magazine too is playing a wee little goodly role – with its frequent features and focal articles on various countries across continents, and what their diplomats here are working on to enhance cooperation and collaboration. Reaching out to PIOs, OCIs and NRIs across the world, and spanning their sides with ours here in the home country, NRI Achievers is well on its way to becoming one of the many bridges between India and its Diaspora.That said and done, it’s well worth it – lets’ keep dreaming…

@Rajeev Gupta

F


November 201610



Editorial

ven as I am penning this editorial, I can hear the Diwali festivities – though to a large extent sans crackers – and note that this festive season which began begin early October with the Navratras, people are more upbeat than usual and markets are full. Traders and retailers have their stores full of merchandise, and customers are busy buying things up ... seems that moneys are being spent like there is no

tomorrow. Economically, the season has proven good for many sectors of industry, pushing sales to new highs – automobiles, white goods, electronics, clothes – you name it, they are seemingly doing well. Bolstered by a positive policy environment, even sectors that have not

been doing too well – like the real estate sector for instance – are doing rather well, with positive sentiment prevailing in the marketplace and buyers aplenty. Established retailers and chains are all doing well, with crowds with bulging purses thronging their premises. E-tailers seem to have taken the cake while still retaining it – flipcart, to name just one, announced a sales figure of INR 1400 Crore on day one of their navarathra festival bonanza – and others like amazon, snapdeal, myntra yada yada, are also apparently raking in the moolah as people seem to have lost their inhibitions and are on a purchasing spree. On the political front things as usual are full of interesting happenings, for one there is a ‘pari-war’ going on in UP as father, son, uncles and sundry battle it out for control of the samajwadi party. India crossed the LoC to make a point to Pakistan, and our neighbour after a fortnight of stunned silence, has now on the eve of Diwali unleashed ‘fireworks’ from across the border in the J&K state. The BRICS and BISTEC summits took place in Goa, where India made more strides in garnering multi-faceted support for its stance against cross-border terrorism. The American presidential elections

too are being keenly observed from India, even as both contenders continue to woo an influential Indian-American community. All in all an interesting month. There are articles within that dwell on all the above. So delve in to have a look-see ! Our Cover Feature continues with its focus on profiles of interesting Indians and people of Indian origin – of achievers who are making their presence felt across realms of activity ranging from robotics to industry, politics to philantrophy and the management of global platforms. With the Pravasi Bharatiya Divas coming up in 2017 at Bangalore, we bring you details of it in Global Events. In our Realpolitik segment, we look at both economic and political aspects – with Raman Swami writing on Russian President Vladimir Putin and the unseemly imbroglio that has the TATAs in its clutches, while S Ravi writes on investment opportunities for India’s Diaspora. Silver Screen interviews Rekha, and Real Estate notes the optimism present in the sector in responce to positive measures taken by the government on easing and simplifying policy and clearances. Newsy content is of course there, with the exception of Cineppets, in News Scan, Business & PSU Buzz, Diaspora News & Product Scan. Sadhguru Jaggi Vasudev’s column t6alks about our festivals and their significance in Metaphysical Musings. Two segments this issue are notably absent – both Heritage and Travel & Destinations will return in the nest issue, as both authors are away on a sabbatical. That’s about it with our content mix for this issue, I would like to close this epistle with some warm and hearty greetings of the festival season – and may all our desires see fulfillment thois year. Do not forget to remain in touch with us by sending in your thoughts, views, opinions and feedback, we welcome it and ouir editorial team is ever-present and waiting for your inputs. Have a great month ahead, friends ... until the next issue!

E


http://www.nriachievers.in October 2016 11

MAY DESIRES BE FULFILLED THIS FESTIVE SEASON !


November 201612

News Scan

While Britain’s 1.5 million-strong Indian community – traditionally a strong Labour “vote bank” – had largely switched their allegiances to the Conservatives in recent elections, there are still a few signs that the party might regain its trust after Jeremy Corbyn’s re-election as leader. Now, Corbyn leading Labour to victory in the 2020 elections is no longer being seen as an impossibility, given the reality of Britain under the Conservatives and the growing appeal of his socialist plans. “The Indian community in Britain is in limbo after Labour was hijacked by left and ultra-left elements,” says Anasudhin Azeez, Kerala-origin editor of Manchester-based publication “Asian Lite.” Besides Labour’s left orientation under Corbyn, a large section of the aspirational Indian community is uneasy with his support to groups seeking to introduce caste-based discrimination in British law – an issue that has already divided the community. “Way before Jeremy became leader, many felt Labour no longer represents their values. At the grassroots level, they sometimes seemed to be reaching out to the Muslim, largely Pakistani, community to such an extent that if you were Indian and Hindu, you felt shunned,” says Manoj Ladwa, chair, ‘Indians for Labour.’

UK INDIANS IN A FIX ON CORBYN'S RE-ELECTION

A Sikh family-owned motel in Canada has been gutted in a fire that has claimed one life while injuring three others, as police discovered racist graffiti on the property, raising suspicions of foul play in the incident. Neighbours reported hearing an explosion and watched flames destroy the Tiwana family-owned Bashaw Motor Inn in the Canadian province of Alberta. Residents in the town rallied around the Tiwana family, who lived in and operated the motel. More than CA$ 8,000 has been raised over two days to help the family. Faisal Madi, a neighbour, told CBC News that “Two of them were lying on the ground, one was standing,“ explaining that all three appeared to have been badly injured. Royal Canadian Mounted Police confirmed racist graffiti was found at the property.

SIKH MOTEL IN CANADA SET AFIRE IN `HATE CRIME'

FIRST HINDU TEMPLE IN ABU DHABIThe first hindu temple in Abu Dhabi will come up on 20,000 square metres of land at Al Wathba. “We have taken delivery of the land and the temple will be built within one year,” says B R Shetty, the businessman who heads the temple coordination committee. “Al Wathba is just 30 minutes from Abu Dhabi City. It will be close to the highway on the Abu Dhabi-Al Ain road,” Shetty, chief executive officer of NMC Healthcare and UAE Exchange, told Khaleej Times. It will be the largest.” At present, there are two Hindu temples and one Sikh gurudwara in Dubai. Inside the temple, the idols will be of “deities Krishna, Maheshwara, Ayyappa and more.” The temple will have a good vrindavan (garden) and a waterfront,” Shetty added. It was during Indian PM Narendra Modi’s visit in August last year that the UAE Government announced its decision to allocate land for Abu Dhabi’s first ever Hindu temple.

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November 201614

News Scan

NRI Achievers Corporate Network

British Prime Minister Theresa May will embark on a three-day visit to India from November 6, in her first bilateral visit outside the European Union since assuming office in the wake of the June 23 Brexit vote. A statement of the ministry of external affairs said the visit was “at the invitation of Prime Minister

BRITISH PM TO VISIT INDIA FOR 1ST TIME POST BREXIT

New plans announced last week to curb professionals and students from India and other non-EU countries in the UK continues to evoke sharp reactions, with noted Indian-origin entrepreneur Karan Bilimoria saying “this is not the Britain I know”. Senior Labour MP Virendra Sharma has written to Prime Minister Theresa May expressing his “disgust,” saying the development is “little more than a return to the nasty party”. Bilimoria, who came to Britain as a student and went on to found a successful business, says the plans “saddened him.” He recalls that Britain would not be what it was today without the contribution of immigrants. “When I came here in 1982, Britain was a closed country, full of prejudice, but it evolved into a meritocracy over the last 30 years. Glass ceilings shattered and Indians reached the top. Suddenly, this wretched EU referendum and its aftermath have shocked us all,” he says. An independent member of the House of Lords, Bilimoria says the signals coming out of Birmingham were “anti-business, anti-immigration and anti-international students”, when Britain should be sending positive signals to students from India and other countries. Bilimoria, who is also president of the UK Council for International Student Affairs, said it was his mission to make Britain the top destination for Indian students, but regretted that signals coming out of the May government were not conducive to internationalism. Our universities are not only key to Britain’s soft power but international students contribute £14 billion to the economy,” he said.

NOT THE BRITAIN I KNOW, SAYS KARAN BILIMORIA

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Narendra Modi”. Trade is on top of the British agenda for the visit as May prepares the country for a future outside the European Union, in which an economically resurgent India is expected to play a significant role.

The sixth edition of 'Sports for Sewa Cricket' charity tournament was a huge success, raising US$ 50,000 for the organization's Sponsor, a Child' programme, which focuses on educating underprivileged children in India. This year's event concluded on September 25 and saw the participation of 1,000 attendees and 64 teams, 50 volunteers and received the support of a dozen sponsors. Jersey

City and Hudson County officials lent their support in planning the event. Freeholder William O' Dea, City Council President Rolando Lavarro, Assemblyman Raj Mukherji, Councilman John Hallanan and Deputy Director of Recreation Joseph Macchi were among the guests of honours. The event was supported by a bevy of local community sponsors with TEK Systems and Vatan.

Played with a hard tennis ball, the 8-a-side event has evolved into the single largest charitable cricket endeavors in the United States.

USA CRICKET: SEWA CRICKET TOURNAMENT RAIS-ES US$ 50K FOR SPONSOR A CHILD PROGRAMME


November 201616

Business Buzz

NRI Achievers Business Network

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Global rating agency Fitch does not see Reliance Jio, the new entrant in the Indian telecom space, gaining even 2 percent of revenue market share in 2017, but says it will disrupt the industry with its aggressive pricing strategies. “We expect Reliance Jio to act as a major price-disruptor,” it said in a note. The top four existing telcos will consolidate their revenue market share by eating into the revenues of the smaller players. The agency expects Bharti Airtel, Vodafone India, Idea Cellular and Rcom/Aircel’s market share to go up to 84 percent from 79 percent in 2016. Fitch said intense competition will weaken the credit profiles and coupled with the high capital expenditure requirements, gave it a negative outlook. The industry’s revenue growth could slow down to mid single-digit from 7-8 percent in 2016 on lower data revenue growth.

‘JIO UNLIKELY TO GAIN 2% REVENUE MARKET SHARE IN ‘17’

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With an aim to counter Reliance Jio’s free phone call offer, leading telecom operator Vodafone India has also announced free incoming calls on national roaming for all its customers beginning this Diwali. “As part of our ongoing 200 million customer celebration, providing free incoming on national roaming will ensure that our customers do not think twice while travelling out of town,” Vodafone India’s director commercial Sandeep Kataria said. Starting October 30, all Vodafone India customers travelling anywhere in the country will get free incoming calls, the statement said. “Even though outgoing charges while roaming had become comparable to home charges, consumer research has shown that incoming charges while roaming have been a hindrance to worry free usage,” he said.

WEAKENING RUPEE WORRYSOME?The value of the Indian Rupee has been eroding against the US dollar due to increased demand for the American currency from importers and state-owned banks. Lacklustre domestic equities alongside ongoing FCNR redemptions are further adding pressure, say forex dealers. Though trading has largely remained range-bound in the absence of any market-moving factors, the domestic currency is opening substantially lower these days at the Interbank Foreign Exchange market. In worldwide trade, the greenback last month rose to its highest since March against all major emerging market currencies. Pound sterling continues to lose ground and the euro too hit a seven-month low. The RBI however holds that there is no cause for concern, even as it fixes the progressive reference rate slightly higher every session for the dollar and the euro. Crude prices have also regained some lost ground after having witnessed many massive sell-offs following Russia’s pledge to freeze oil output amid a cautious stance due to speculation over OPEC’s production output cap. Brent crude was seen to be trading firmly higher.

VODAFONE OFFERS FREE INCOMING ON NATIONAL

ROAMING


November 201618

Product Scan


iBall has recently launched a new tablet dubbed the ‘Slide Q27,’ at a price tag of INR 12,799. With 4G VoLTE support, this new tablet is compatible with the recently launched Reliance Jio network in India. Sporting a 10.1 inch IPS display, the new 4G tablet comes with a 1.3 GHz quad core processor and 2 GB RAM, along with 16 GBs of internal storage. However, users usually get only around 9.37 GB free for their usage. The tablet features a 5 MP rear and 2 MP front cameras, both with LED flashes. Also, the device has regular connectivity options and features like WiFi, Bluetooth, GPS, 3.5 mm headphone jack, USB OTG etc. The iBall Slide Q27 4G also supports 21 regional Indian languages and features sensors like G-Sensor, magnetic sensor, and ambient light sensor. Backing all these is a 5,500 mAh battery, and tablet runs on the new Android 6.0 Marshmallow.

NEW ‘SLIDE Q27’ TABLET WITH 4G VOLTE SUPPORT

MARUTI SUZUKI IGNIS JSW UNVEILS NEW CEMENT VARIANT

Piaggio has informed that it has delayed the launch in India of its two premium scooters the Vespa 946 Emporio Armani and the Vespa 70th anniversary edition. The launch will now take place in November. For those who are not in the know, the Vespa 946 Emporio Armani is the most premium product of the company and demands a whopping INR 7 lakh to own. The scooter comes with hand stitched grips along with various other elements that make it a premium offering and a collector’s pick. Powering it is a 125cc engine that comes mated to an automatic transmission. The scooter also gets an Anti-Lock

Braking System (ABS) along with ASR traction control system for enhanced safety on the road. Bolted on to an aluminium frame, many parts of the scooter like saddle support, mirror support, side panels, handlebar and rims have been made up of aluminium. The other model, the Vespa 70th anniversary edition, commemorates 70 years of Vespa. In the international market, the company sells three 70th anniversary models, viz., Vespa Primavera, GTS

and PX. With India slowly and steadily emerging as a market for premium two-wheelers, it will be interesting to see at what price point the company launches these two premium scooters. The Vespa 946 Emporio Armani was showcased in India at the 2016 Auto Expo and it became the centre of attraction at the Piaggio booth, for obvious reasons.

PIAGGIO POSTPONES LAUNCH OF VESPA 946 E PORIO ARMANI AND 70TH ANNIVERSARY EDITION

Recognising the spiralling demand for ‘crossover’ vehicles, Maruti Suzuki India aims to capitalize on the market sentiment in this segment with its new upcoming product – the ‘Ignis’ compact crossover. The Ignis was scheduled to arrive in the Indian market during the festive season, but due to the backlog of Vitara Brezza and Baleno, MSI has postponed the launch of this new vehicle to end 2016. The Ignis will be retailed through ‘NEXA’ - the company’s premium dealership. Showcased at the 13th edition of Auto Expo, the compact crossover is based on the iM-4 concept that initially made its debut at the 2015 Geneva Motor Show, followed by the 2015 Tokyo Auto Show. The mini crossover will be the third product after the Baleno and the S-Cross hatchback crossovers from MSI to make its way to the NEXA premium dealership network. Maruti Ignis is claimed to be lighter, stiffer, safer, and better in fuel efficiency as it is built on Suzuki's new generation platform that also underpins the Baleno premium hatchback.

JSW Cement launches a new variant called ‘Concreel HD-One Cement Six Strengths.’ Parth Jindal, MD, says the new cement is a green product, understanding the importance of maintaining a green environment. It can even sustain chemical attacks.

He added: “JSW Cement has come a long way right from its inception till date, exploring opportunities and expanding its market size. Today, we are introducing this product to the South market which is a highly opportunistic region for us to step up our growth.”


November 201620

PSU Buzz

D K SOOD TAKES CHARGE AS ED (CSR/R&R) & RED (DBF), NTPC

D K Sood took charge as Executive Director (CSR/R&R) & Regional Executive Director (DBF), NTPC Limited, on October 03, 2016, following the transfer of R K Srivastava, ED (NETRA) & RED (DBF) as the

Executive Director (WR-II), Raipur. Prior to joining this post Sood was ED (Commercial), NTPC Limited.

PANDEY TAKES OVER AS CMD OF RECThe government has assigned additional charge of CMD , Rural Electrification Corporation ( REC) to B P Pandey (IAS), the Special Secretary of Power, for a period of 3 months. He has taken over as the Chairman & Managing Director of REC Limited according to the notification posted on its website. He is a 1983 batch IAS officer of the Uttarakhand cadre.

RAJEEV SHARMA BECOMES CMD OF PFC

Rajeev Sharma has taken over as the Chairman & Managing Director of PFC (Power Finance Corporation Ltd), with effect from 1st October 2016. Sharma succeeds

M K Goel, who retired on 30th September 2016 on attaining the age of superannuation. Prior to joining PFC, Sharma was the CMD of the Rural Electrification Corporation Ltd (REC). Under his dynamic leadership, Sharma helped REC scale greater heights in

excellence by doubling the revenue and profits during the past five years. Sharma is considered the architect of the Government’s flagship schemes like DDUJY, RGGVY and RAPDRP.

PESB SELECTS SANJIV SINGH FOR IOCS TOP POST

Sanjiv Singh will be the new Chairman of Indian Oil Corporation Ltd, the nation’s largest oil company. Sanjiv Singh, 56, who is currently Director of Refineries at IOC, was selected for the top job after Government head hunters PESB (the Public Enterprises Selection Board) interviewed eight candidates. Singh, who has been IOC’s Director of Refineries since July 1, 2014, will replace B Ashok on his superannuation at the end of May 2017. He will have 3-year tenure at the helm of India`s largest oil refining and marketing company. Singh has served as the Executive Director of the Paradip Refinery Project, as well as the head of IOC`s Panipat Refinery before becoming a director. A Chemical Engineer from IIT-Roorkee, Singh joined IOC in December 1981 as Trainee Engineer and has worked in various positions at Mathura, Barauni and Panipat refineries of the company.

IRCTC CONFERRED PSU LEADERSHIP AWARD FOR E-INITIATIVESThe IRCTC CMD Dr A K Manocha, has received the PSU Leadership Award for e-initiatives from the Jharkhand government. Dr Manocha was felicitated with the award by Jharkhand Chief Minister Raghubar Das, for introducing a string of passenger-friendly IT initiatives. The award was presented during the ‘2nd eJharkhand’ event that was organised by the State’s Department of IT and e-Governance, to highlight the pro-people initiatives launched by the government. In an another milestone Rail Neer, a signature product of the Indian Railways Catering & Tourism Corporation (IRCTC), was awarded ‘India’s Most Trusted Brand for 2016’ in the packaged drinking water segment by IBC Infomedia Private Limited, a leading business management consultancy.

BHEL PAYS FINAL DIVIDEND FOR FISCAL 2015-16Bharat Heavy Electricals Limited (BHEL) has paid an equity dividend of 20% for fiscal 2015-16. In value terms, the total dividend paid for fiscal 2015-16 amounts to INR 98 Crore. With this, the company has maintained its impeccable track record of rewarding investors via dividends uninterruptedly since 1976-77. A cheque for INR 61.7 Crore, towards the final dividend for the year 2015-16 on the equity held by the Government of India (which amounts to 63.06%), was presented to the Minister of Heavy Industries & Public Enterprises by CMD-BHEL Atul Sobti, in the presence of the Minister of State for the same min-istry. Functional Directors on the board of BHEL as well as other senior officials of the Ministry and BHEL were also present. Despite 2015-16 being an extremely challenging year, BHEL has recorded the highest-ever commissioning of projects in its history and the highest order booking over the last five years in this fiscal, ending the year with significant traction in growth drivers. Enhanced focus on project execution has resulted in BHEL creating history by way of commissioning/synchronizing an all-time high 15,059 MW of power generating equipment during the year. Despite intense competitive pressure in the power and capital goods markets during the year, BHEL achieved the highest order booking in the last five years, at INR 43,727 Crore, a 42% leap over 2014-15. The company ended the year with a total order book of INR 110,730 Crore for execution in 2016-17 and beyond.



November 201622

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ANOTHER INDIAN ORIGIN MP IN BRITISH SHADOW CABINETValerie Vaz, who entered the British parliament in 2010 and retained her seat in the 2015 election, has become the second Indian-origin woman to be inducted into the shadow cabinet of Labour Party leader Jeremy Corbyn. Vaz, 61, whose family traces its roots to Goa, is senior Labour MP Keith Vaz’s sister, representing Walsall South constituency in the west Midlands. This will be her first front-bench job since entering Parliament, and involves watching complex parliamentary processes on Labour's behalf. Corbyn had just appointed another Indian-origin MP – human rights barrister Shami Chakrabarti, as the shadow attorney general in the opposition cabinet mandated to scrutinise the work of corresponding ministers, develop alternative policies and hold the government to account.

TEEN WINS US$ 50,000 SCHOLARSHIP AT GOOGLE SCIENCE FAIRA 16-year-old Indian-origin South African student, Kiara Nirghin, has won a US$ 50,000 scholarship at the annual Google Science Fair in the US, for using discarded food material such as orange and avocado peels to develop a cheaper and “super-absorbent material” that aids soil in retaining water. The Grade 11 student of a South African School had submitted his project entitled 'No More Thirsty Crops', aimed at alleviating the severe drought that South Africa chronically suffers from. Her solution to the problem of drought uses the peels from orange and avocado fruits, which are normally discarded. The Google science fair is a programme where budding science enthusiasts between the ages of 13 to 18 are invited to solve the world's biggest challenges using science and technology.

NRI RAISES FUNDS FOR DISTRESSED PUNJAB FARMERS AT BERLIN MARATHON

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Diaspora News

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Ms. Tarandeep Kaur, a young financial analyst, participated in the 42-km Berlin marathon to raise funds for distressed farmers of the Punjab. She completed the marathon in 3 hours 45 minutes and 59 seconds. The Berlin marathon is one of the largest, fastest and most popular marathons in the world, which features top runners chasing glory. Tarandeep ran alongside some of the most successful long distance track runners of all time, like Wilson Kipsang of Kenya and Kenenisa Bekele of Ethiopia. It is reported that Tarandeep, who has her roots in a village near Amritsar, had been successful in collecting over GBP 2000 in donations. "The donations collected would be used for supporting families of farmers in Punjab through ‘United Sikhs’, an NGO" said Tarandeep.



MAN OF WORLD’S LONGEST MARRIAGE DIES IN LONDON AT 110

A UK-based Indian-origin man, Karam Chand, believed to be holding the record for the world’s longest lasting marriage, has died at an incredible age of 110 years, from natural causes. He was just six weeks short of celebrating his 111th birthday. In 2015, Karam Chand and his wife Kartari, 103, became celebrities following their whopping 90th wedding anniversary. The couple never argued according to their family. Although this was believed to be the world record, it has never officially been recognised by Guinness World Records. The oldest Guinness-recorded marriage is the 86-year union of an American couple Herbert and Zelmyra Fisher, both of whom have since died. Karam Chand, who originally hailed from Punjab, was born in 1905 into a farming family.

A DESI CONGRESSMAN FOR SILICON VALLEY ?

Milestones for the Indian diaspora in the US tick off rapidly over the years, as the community went from strength to strength in domains like education, income, professional excellence and influence. But in what could be a landmark achievement even for a community used to such breakthrough moments, a young Indian-American Democrat is poised

to win a congressional seat in the heart of Silicon Valley, the Ground Zero of technology that many Indians feel is their home turf. It really will mark the political arrival of the community in a very special way!“ chuckles Ro (Rohit) Khanna, 39, who currently holds a six-point lead in California's 17th congressional district against incumbent Mike Honda, a 74-year old Japanese-American lawmaker who has represented the constituency for eight terms. Many Asian-Americans, desis, and tech giants are backing Khanna this time. Among those who endorsed him are Facebook's Sheryl Sandberg, Google's Sundar Pichai, Kleiner Per-kins' John Doerr, browser pioneer Marc Andreesen and venture capi-talist Vinod Khosla, who's holding a fund-raiser for Khanna.

INDIAN PAYS $9M FOR CAR NUMBER PLATE IN DUBAI

An Indian businessman has paid a whopping $9 million to buy a single-digit car registration plate in Dubai, adding another coveted number plate to his collection. Balwinder Sahani bought the number plate “D5” for 33 million Dirhams. “I have collected 10 number plates so far and I am looking forward to having more. It's a passion. This number will go to one of my Rolls Royces,“ he said.

NRIS HONORED WITH ‘GLORY OF INDIA’ AWARDSOn 4th of October 2016, Mrs. Lucky Singh of Sydney along with the five other NRI’s from other parts of the world was honoured with Prestigious ‘GLORY OF INDIA’ Award & and certificate of appreciation for her community services at a high profile Friendship Banquet at Bangkok held by India International Friendship Society (IIFS). The awards were given away by the former Deputy Prime Minister of Thailand, H.E.Korn Dabbaransi. NRI Achievers News Network

Diaspora News


November 201624

Global Events

PRAVASI BHARATIYA KENDRA

REDEFINING LINKAGES WITH OUR DIASPORA In this issue we will focus on the various initiatives that are being undertaken by the government of India to redefine engagement with our diaspora, and with the now Bi-annual Pravasi Bharatiya Divas looming large on the horizon – it is slated to take place during january 2017 at Bangalore, known variously as the garden-city, India’s IT hub and the Silicon Valley of India – it is to us all the more important that we provide the diasporic readers of our magazine NRI Achievers with all the relevant information necessary for considering a trip to India and making the next PBD a rip-roaring success.

In the run-up to the upcoming Pravasi Bharatiya Divas 2017 scheduled to take place at Bangalore in Karnataka, the Indian government has taken the initiative of creating an exclusive facility for our diaspora in the nation’s capital, New Delhi. A new and state-of-the-art ‘Pravasi Bharatiya Kendra’ was envisioned half a decade ago, when the first steps toward setting began with the then PM Dr. Manmohan Singh laying the foundation stone of the Kendra during the 9th PBD in January, 2011. The Pravasi Bharatiya Kendra is located at the heart of the capital at the diplomatic enclave Chanakyapuri in New Delhi. Over time, the Kendra is expected to evolve into a hub of activities for sustainable, symbiotic and mutually rewarding economic, social and cultural engagement between India and its diaspora. Activities, seminars, events and workshops pertaining to the Indian Diaspora are expected to be organized at the PBK. The Kendra has a state-of-the art auditorium, multi-purpose halls for conducting workshops and conferences with overseas Indians, and activities on issues pertaining to them are to be organized here on a regular basis. The Kendra will also house autonomous bodies like the

‘India Centre for Migration’, a think-tank working on issues pertaining to Indian migrant workers, and the ‘Indian Development Foundation for Overseas Indians’, a not-for-profit Trust promoting contributions to flagship programmes in India.

The library in the PBK is a valuable repository of material about the Indian Diaspora, including books written by overseas Indians in different languages. Accommodation facilities at the Kendra are spread over a 9800 square metre area and include a 360 seat Auditorium, a banquet hall to cater to about 350 people, four conference rooms, seminar-cum-training halls

with a capacity of 64 each, a museum-cum-exhibition hall and 24 guest rooms. On this October 2nd, on the occasion of the birth anniversary of our father of the nation Mahatma Gandhi, Prime Minister Narendra Modi inaugurated the spanking new Pravasi

Bharatiya Kendra and threw it open to the public. The PM, in his inaugural speech, said that ‘brain drain’ can be converted into ‘brain gain’ if the nation started looking at the 27-million strong Indian Diaspora spread out across the world as a strength rather than as mere numbers. Emphasizing the importance of connecting with the Diaspora, he said that former Prime Minister Atal Bihari Vajpayee had initiated the concept of the Pravasi Bharatiya Divas, which has been continued by successive governments. On the occasion, the PM also visited the

exhibition on “Gandhi – Ek Pravasi.” External Affairs Minister Sushma Swaraj, speaking at the function, said: “This Pravasi Bharatiya Kendra is an ode to the spirit of enterprise, adaptability and foresight of all Pravasis, their resilience in the face of numerous trials and tribulations across the world, and their invaluable contribution in propagating the Indian ethos, values and ways of life in far off lands.”


November 201626

Global Events

The Pravasi Bharatiya Diwas became a bi-annual event (once every two years) in 2015. This year, after the modalities were all finalised and drawn up, the Chief Minister of Karnataka, at a Joint Press Conference organised earlier, said that it gives him ... “immense pleasure” to share with the media that the Pravasi Bharatiya Divas 2017 will take place at Bengaluru in Karnataka state. He expressed thanks to the Ministry of External Affairs, Government of India, for giving Karnataka an opportunity to host the 14th PBD in Bengaluru. He said that the “Government of Karnataka is keen to host the 14th Pravasi Bharatiya Divas between the 7th to the 9th of January 2017” ... and ... “it gives us an opportunity to revitalize this idea of Indian-ness. This is the first time that PBD is being organized in Karnataka and I assure you that my Government will leave no stone unturned to make this event, a grand success.” So there you have it. The Ministry of External Affairs will be organising the event in collaboration with the state Government of Karnataka. As usual large numbers of NRIs & PIOs are expected to attend. On the 9th our President HE Pranab Mukerji will honour some overseas Indians for their services to the community or for their role in cementing India’s relations with the country of their adoption. The theme of PBD 2017

BENGALURU TO HOST PBD 2017

Special Registration Fees for Young Overseas Indians (18 to 35 years) : US$ 100 for 1 day; US$ 150 for 2 days; US$ 200 for 3 days. Indian-origin persons (above 35 years) US$ 150 for one day; US$ 200 for 2 days and US$250 for 3 days. Special Group Registration Fees (Details: pbdindia.gov.in) : F 10 to 20 members – 5% F 21 to 50 members – 10% F 51 to 75 members – 15% F 76 to 100 members – 20% F 101 to 150 members – 25% F 151 to 200 members – 35% F More than 200 members – 50%Global Organization of Persons of Indian Origin (GOPIO): 50% Discount if more than 50 persons register. If less than 50 persons, normal group registration discounts apply.For Online Registration and Payment: www.pbdindia.gov.inLast date of registration: 7 December 2016.

REGISTRATION FEES FOR PBD 2017


is “Redefining Engagement with the Indian Diaspora.” Every delegate participating in PBD 2017 – including Officials, Performers, Exhibitors, Sponsors, event Manager, Organiser, etc., will need to register online for the Convention. Access to the PBD venue will need a Delegate badge – which may be obtained only after completing all steps in the registration process and subject to security verification. Registration is deemed complete when all steps are fulfilled completed online, including the payment of registration fees. Once the fee is paid, delegates will get an automated receipt, which will enable him/her to obtain the delegate badge and entitle them for availing special rates exclusively available for PBD 2017 delegates in the Hotels of Bengaluru. For some more detailed information,

we advice you visit: https://pbdindia.gov.in/how-register Fees are likely to be revised upwards after 30th November 2016. Further, requests for refund of delegate fees will also not be entertained after 07 December 2016. The last date for online registration is set to 07 December 2016, after which no more registrations will be accepted. Walk-ins and local registrations are not available. For details regarding Visa, you will need to visit: www.indianvisaonline.gov.in. The venue for the PBD is: Bangalore International Exhibition Centre (BIEC), Bengaluru, 10th Mile, Tumkur Road, Madavara Post, Dasanapura Hobli, Bengaluru 562 123, INDIA. You could also visit BIEC’s website at http://www.biec.in to know what facilities are available at the venue.

Ms. Sushma Swaraj, MOIA, GoI with Chief Minister of Karnataka Siddaramaiah


November 201628

power of indiaspora

NRIs, PIOs, OCIs all over the world are making waves by their sheer intelligence, smartness & hard work. This is the reason that their success stories are emerging everyday from every nook & corner of the world. From running businesses to helming multinational corporations, from forming the very backbone of the much acclaimed NHS to political participation, Indiaspora have been earning a well deserved place for themselves. NRI Achievers in this issue puting some light on few of them...

Dossier Indian Achievers

SHINING EVERYWHERE



A groundbreaking research by an Indian-origin scientist at the University of Rhode Island (URI) has revealed that clothes and other wearable items could possibly sense illness and transmit data to a doctor in a distant clinic for monitoring health and prescribing drugs. The Indian-origin scientist is researching on smart textiles — wearable items embedded with sensors, electronics and software, capable enough for collecting data from patients, even though they are at home, and deliver it to doctors. According to Kunal Mankodiya, Director of the university’s Wearable Biosensing Laboratory, “We are in the era of game-changing technology, especially in health care”. Thus, transforming gloves, socks, clothing and even shoes into high-tech items that will make people healthier — and improve their lives. These newly developed smart gloves are embedded with sensors on the

Kunal Mankodiyafingers and thumb that measure tremors and rigidity — common symptoms of Parkinson disease. According to the Indian-origin researcher, “The glove will give patients the option of receiving

health care while remaining at home, and it also reduces the risk of falls and other accidents”. Mankodiya is also working on high-tech socks for people who have suffered strokes. Speaking on his research he reveals, "The socks examine the walking stride. They can quantify movements of the knee and ankle

Recently, an Indian-origin ‘Chai Walli’ or tea seller, Ms. Uppma Virdi, 26, was hailed as Australia’s 2016 Businesswoman of the Year”. Her relentless passion for tea was recently celebrated at the Indian Australian Business and Community Awards (IABCA) in a grand Sydney ceremony with her getting Australia's Businesswoman of the Year award. This happy-looking business woman is an Indian-Australian lawyer by profession, but more than practicing her career as a lawyer, she is happy with the "Chai", which is making her reach out to people. She started her tea business 2 years back; and then extended the business with an online store for retail purchase worldwide, wholesaling to local speciality stores and even teaching 'The Art of Chai' classes. She runs “The art of Chai” workshops to teach people how to brew the perfect tea. Uppma's love for tea goes

Uppma Virdiall the way back to her childhood since her grandfather, a doctor who specialised in herbs and spices, taught her the art of Ayurvedic tea. She's now built her business around the idea of sharing the fascinating Indian culture of tea with the world. “My grandfather

is an Ayurvedic doctor and he used to make this Ayurvedic tea at his medical dispensary. He taught me the art of Ayurvedic tea”, says the business woman, adding that in the Indian culture people come together through

tea. Uppma said because the tea has a huge significance in the Indian culture, she wants to share it with the people everywhere. That’s when the business idea was born! Ms. Virdi special blends have become so well-liked that they'd be sold out back when she was bringing wire racks of full tea cups to offices and selling teas at the market herself. More interest in coffee that tea in Australia was never an impediment for Uppma. “Interest in tea is growing in Australia as more and more people are seeking alternatives to coffee. It was coincidently the right time for me”, says the business woman. No wonder, her passion, endurance and commitment for the tea took Indian tea, in all its glory, to Australia and have absolutely nailed it. From successful lawyer to Chai Walli, and now Businesswoman of the Year - Uppma Virdi’s story is an ultimate reverse-Slumdog-Millionaire!

joints to find subtle irregularities that require therapy. The socks also monitor a patient's progress". In addition, Mankodiya is partnering with the US-based Lifespan Hospitals to create smart watch technologies for patients with psychiatric illnesses and autism. The Indian-origin scientist and his team of students have been working on “smart wearables’’ for years as part of their research on the “Internet of Things,’’ a framework to automate human interactions with Cloud computing. Other projects of his team focus on developing tools to image, sense and record brain function to treat Parkinson’s, as well as other neurological diseases, such as epilepsy.Born in India, Mankodiya received his bachelor’s degree in biomedical engineering from Saurashtra University and his doctorate in computer science from the University of Luebeck in Germany. He did post-doctorate research at Carnegie Mellon University and joined URI in 2014.

Dossier Indian Achievers


November 201630

Dossier

Indian-born researcher Dinesh Bharadia, 28, has won the prestigious 2016 Marconi Society Paul Baran Young Scholar Award for his contribution to radio waves. The young Indian-origin researcher hails from Ichalkarnji in Kolhapur district of Maharashtra. Presently, he is a researcher at Massachusetts Institute of Technology (MIT). A doctorate from Stanford University and is an alumnus of the Indian Institute of Technology (IIT) at Kanpur in Uttar Pradesh. He was chosen for the award for his contribution to send and receive radio (wireless) signals, including mobile telephony and data on the same channel (wave). As per the statement released by the society, "Bharadia has been chosen for the 2016 Paul Baran Young Scholar Award for his contribution to send and receive radio (wireless) signals, including mobile telephony and

Dinesh Bharadia

The World Genius Directory-2016 was recently honoured by an Indian Entry after Aishwarya Trivedi has secured a place among the top brains in the world. The 23-year-old Indian entry is included in the World Genius Directory - 2016 (WGD) from Asia region with an IQ recorded at 150. The eldest child of an architect mother and ex-naval father, she is among the Who’s Who of the high IQ world and falls in the range of just 2% of the global population with very high intelligence. Aishwarya Trivedi, who graduated in architecture from a college in Vadodara, Gujarat is currently pursuing further studies on Construction Project Management at

Aishwarya Trivedi

data on the same channel (wave)". His duplex radio technology has debunked a longstanding notion that it is not possible for a radio to transmit and

receive on the same frequency band because of the interference. His work culminated in making full-duplex radios a reality through the development of effective self-interference cancellation technology. The new technology developed

the New York University in the US. According to the achiever, she would like to help build better sustainable cities to aid in solving the climate change conundrum and find answers to the question of livability in future cities. Accepting the award, she said, “The platform given to me as the WGD Asian Ambassador Genius of the Year 2016 is a glorious opportunity! Although, it is a matter of pride and joy at the moment, I do not want to get complacent. As a profound ambassador of genius, I would like to start my own foundation of IQ geniuses around the world with responsibilities to propagate this gift to those under privileged ones. I will help make the society of geniuses comfortable in their own community

where they can share their ideas and knowledge and bring about prolific results in their respective field of

expertise”. She first joined the hi-IQ community Mensa India, then went a step ahead and was included in the WGD. The WGD was created by Dr Jason Betts, and his famed for rigorous IQ tests.

will permit guidance and control of driverless automobiles even in harsh weathers and will also be beneficial for the visually challenged. The use of this technology will also allow doubling the

data service, in the telecom. It will also allow better coverage of radio signal without heavy investment for increasing number of towers. Marconi Society Paul Baran Young Scholar Award is named after Nobel laureate Guglielmo Marconi who had invented radio. It was instituted by his daughter Gioia Marconi Braga through an endowment in 1974. The award, considered an equivalent of the Nobel Prize in science and technology domain, carries prize money of $4,000. It is bestowed annually outstanding individuals whose scope of work and influence emulate the principle of ‘creativity in service to humanity’

that inspired Marconi. The Indian-American researcher will receive the award at a ceremony at the Computer History Museum in Mountain View, California, on 2nd November, 2016.


November 201632

A UK based NRI woman Bharulata Kamble, has covered approximately 32,000 km in 75 Days, travelling across 32 countries transcontinental from UK to India, to spread the message of ‘BetiBachao, BetiPadhao’ an initiative run by Indian Government for the betterment of girl child. She also wants to support the cause of ‘saving the girl child’, and ‘women empowerment and education’ in India through her drive. She has even covered around 2,800 km in just 4 days to drive solo in the Arctic Circle. This makes her the first woman to cover such large distance in the Arctic Circle. She moved in to Arctic Circle region at Rovaneimi in Finland on September 23rd, she managed to drive approximately 700 km per day for the next 4 days and established the record drive of 2,792 km in the region facing cold and barren land. She also got special approval to travel up to the 307-metre cliff of Nordkapp where she unfurled the Indian flag alongside the Union Jack. She began her expedition from Luton in UK at the end of August, 2016. She has now resumed her drive to India, where she is expected to reach in early November, scheduled to end her journey in her husband's hometown Mahad, about 140 km (road distance) from Pune. She will enter India from the Imphal border, and will drive towards Delhi and other states, reaching Maharashtra via Gujarat and Rajasthan. If successful, she will become the first woman driver in the world to complete a transcontinental car journey alone, covering 32 countries and 32,000 km. This will include 5,500

Bharulata Kamblekm of mountains reaching the altitude of 3,700 metres above sea level, and driving 2,500 km through desert areas. The expedition is entirely sponsored by her surgeon husband and the donation she collects along the drive, which would be distributed to two UK-based charities and two in India, respectively. Her passion for driving has fuelled her latest project. According to Ms. Kamble, “I have always loved driving but to undertake such a long journey

is also a big responsibility. Moreover, as we began planning the journey, I came to realize that if I do set the record, I would be representing two nations the UK where I am a citizen, and India, my native country". Bharulata, mother of two sons aged 8 and 11 years, holds dual citizenship of England and Australia. Her journey is observed by the authorities at Guinness World Records as well.

Dossier



Palpreet Singh Brar, 22, winner of the National Finals of ACG-NBA Jump, India’s first national basketball talent search programme, was selected 12th in the fourth Round of the NBA-D-League Draft held in New York, the US. With

Palpreet Singh Brar

An Indian-origin US researcher and his team have recently created life-size 3D hand models, complete with fingerprints, deploying a high-resolution 3D printer, which is capable of producing the same ridges and valleys as a real finger. Like any optical device, fingerprint and hand scanners are required to be calibrated, but currently there is no standard method for doing so. "This is the first time a whole hand 3D target has been created to calibrate fingerprint scanners," said professor Anil Kumar Jain from Michigan State University (MSU). Speaking on the research, “We wanted to answer the question that has plagued law enforcement and forensic science for decades: Is fingerprint pattern persistent over time?” said the professor, adding that “we have now determined, with multilevel statistical modeling, that fingerprint recognition accuracy remains stable over time". Importantly, Prof. Jain and his biometrics team were investigating the methods to test and calibrate fingerprint scanners commonly used across the globe at police departments,

Anil Kumar Jain airport immigration counters, banks and even amusement parks. However, the Professor discovered this may not be as far-fetched as once thought and requires the security companies and the public to be aware. The FBI, CIA, military and manufacturers will all be interested in this project, he added. "As a byproduct of this research, we realized a fake 3D hand, essentially a spoof, with someone's fingerprints, could potentially allow a crook to steal the person's identity to break into a vault, contaminate a crime scene or enter the country illegally," Jain cautioned, adding "Another application of this technology will be to evaluate the spoof-resistance of commercial fingerprint scanners. We have highlighted a security loophole and the limitations of existing fingerprint scanning technology, now it's up to the scanner manufacturers to design a scanner that is spoof-resistant”. Along with Jain and Paulter, the study was co-authored by another Indian-origin US researcher Sunpreet Arora, MSU doctoral student. Anil Jain is the Distinguished Professor, computer science and engineering, at Michigan State

University. He is widely known for his contributions in the fields of pattern recognition, computer vision and biometric recognition. Born in India, he has received his Bachelor of Technology in electrical engineering from the prestigious Indian Institute of Technology, Kanpur in 1969. He received his MS and PhD from the Ohio State University in 1970 and 1973, respectively. He has earlier served as a member of the U.S. National Academies panels on Information Technology, Whither Biometrics and Improvised Explosive Devices (IED). He also served as a member of the Defense Science Board. In 2016, he was elected to the National Academy of Engineering "for contributions to the engineering and practice of biometrics".

his selection, he became the first Indian in the NBA D-league to be trained in India. The towering 6ft 9in hoopster was drafted by the Long Island Nets, an affiliate team of the NBA’s Brooklyn Nets. He was one of the 80s, who were shortlisted to proceed to the draft phase of NBA. "I am really excited and very eager to play for my new team and showcase my talent in front of the best in the world. Before the draft, I was a bit nervous but had the intuition that some of the team will surely pick me. I had a sleepless night on Saturday but I am still wide awake”, said Palpreet on his selection. Palpreet was discovered as part of an

NBA talent search in India as the NBA is devoted to identifying and developing talent abroad both on and off the floor. Palpreet Singh Brar is now on the cusp of becoming only the second Indian basketballer to play in the NBA's minor division, D-League. Earlier, Satnam Singh became the first Indian to be drafted into the NBA, when he was selected by the Dallas Mavericks in the 2015 NBA Draft. He presently represents the Texas Legends, the minor league affiliate of the Dallas Mavericks. So, congratulations to the Indian hoopster, on the selection. It’s true that when preparation meets opportunity success happens!

Indian Achievers


November 201634

Indian Americans or Indo-Americans are Americans whose ancestry belongs to any of the many ethnic groups belonging to India. Importantly, Indians form the third-largest group among Asians in the US with a massive population of approximately 4 million (representing around 1.25% of the total population) and out of which a huge number of citizens (including most of them in the higher earnings bracket) is a significant chunk of polling migrants, whose votes can't be ignored. The newly elected US President Donald Trump successfully sought to court this huge Indian-American vote during his campaign, adapting even the Hindi election slogan of Indian Prime Minister Narendra Modi. At a fundraiser held for Indian-Americans in New Jersey, Mr. Trump even said he was a “big fan” of Hindus and that India and the US would become “best friends” if he was elected president.

Indian-born Democrat Pramila Jayapal, who moved to the US to study at the age of 16, was elected to the House of Representatives. She is the only Indian-born candidate to have emerged victorious.

Pramila Jayapal

California Attorney General Kamala Harris, whose mother was born in India, won a Senate seat to replace retiring Democratic Sen. She created history by becoming the first Indian-American Senator in the US Congress by defeating Loretta Sanchez. The democrat politician and lawyer were elected California’s Attorney General in 2010 and was re-elected in 2014. Harris, the daughter of an Indian mother who emigrated from Chennai in 1960 and a Jamaican American father, is the first female, the first African-American, and the first Indian-American attorney general in California.

Kamala Harris

The other includes Ro Khanna, a Democrat and former US Commerce Department official whose parents emigrated from India, also won a Congressional seat in California.

Ro Khanna The Democrat Raja Krishnamoorthi, also the son of Indian immigrants to the US won a Congressional seat in Illinois. Krishnamoorthi won the Congressional election defeating Republican former Elmhurst Mayor Peter DiCianni.

Raja Krishnamoorthi

Five Indian-Origin Candidates Sail to Victory in the recently concluded US elections. Interestingly, several Democratic Indian-origin candidates have clinched victory in US elections, as Republican candidate Donald Trump swept to power in the presidential poll. Here are the Indian-origin candidates who have clinched victory in the recently concluded US elections.

Amerish Babulal "Ami" Bera is an American physician who has been the US Representative for California's 7th congressional district since 2013. He is a member of the Democratic Party. Bera's father immigrated to the United States from Rajkot during late 50’s.

Amerish Babulal

Dossier



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November 201636

Naveen Rabelli Naveen Rabelli, a 35-year Indian-origin engineer, has travelled 10,000 km using a solar-powered auto-rickshaw from India to London. The move was directed at creating awareness about alternative mobility solutions by employing renewable energy for passenger vehicles in Asian and European countries. Naveen started his journey on the auto, known as 'tuk-tuk', from Bengaluru in February, 2016 and arrived at the Dover ferry crossing in Britain at the end of a seven-month, 6,200-mile overland adventure – despite a last-minute mishap. He reached five days later than expected in the UK as he became a victim of robbing during a toilet break last week as he reached the ferry crossing from France. After obtaining an emergency passport and crossing the Channel from Calais, Rabelli said of his epic journey, “It was fantastic up until I got to Paris where from there I got some things stolen and two battery packs died”. Naveen added "My passport and wallet were stolen when I parked to go to the toilet at a fast food restaurant at Sarcelles, about 45 km west of Paris. I reported it to the police, where there were some language issues but after a few hours they found an officer who could speak English. They are very

helpful and sorry when they heard that I was about to finish my trip". For his amazing ride, Naveen purchased the diesel-powered auto rickshaw for USD 1,500 and invested an additional USD 11,500 to transform it for the zero-emission adventure titled 'Tejas'. Naveeen stated "The purpose of this journey is to create awareness of alternative mobility solutions for passenger vehicles in Asian and European countries using renewable energy - mix of solar and electricity”. His self-modified ‘tuk-tuk’ is kitted it out with basic comforts includ-ing a bed, a seat for a co-passenger, a

cupboard with food donated by peo-ple, and a solar-powered cooker. The amazing rider stated that the exclusive purpose of his journey is to generate awareness about the commercial appli-cation of solar and electrical energy for passengers commuting in Europe and Asia. This one of its kind journey cer-tainly helped him grab attention across the globe. Naveen already holds an Australian passport and was successful in acquiring an emergency travel document and finish his journey.

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Dossier


November 201638

Realpolitik

THE TATA AFFAIR

News headlined by all major media houses of the country, of a major shake-up at the top of the country’s most respected corporate giant, the House of Tatas, took the corporate world and indeed the entire country, by surprise. The Board of Directors of Tata Sons had removed Cyrus Mistry from the post of Chairman and appointed Ratan Tata as the Interim Chairman. Raman Swami reads between the lines to extract the subtext of the affair four the readers of NRI Achievers ...

There had been not a whisper or any hint that such a dramatic change was in the offing, or about to take place. Nobody even had any clue that something was amiss at Bombay House, the headquarters of India’s largest business conglomerate, comprising 30 publicly-listed companies with a combined market capitalisation of US$ 130 billion, with over six lakh employees as well as a whole bevy of unlisted enterprises, charities and trusts. So staggering was the impact of the sudden announcement, that even the best-informed business and political circles were unable to figure out why the virtual boardroom coup was carried out with such speed and urgency. Why was Cyrus Mistry, the 48-year-old who was installed in a smooth and sophisticated transition just four years ago, removed so suddenly and why was it considered necessary to bring the 78-year-old Ratan Tata out of retirement to hold the reins till another suitable

successor is chosen and appointed?Was Cyrus Mistry’s ouster triggered by his performance, competence or style of management? Were there other ethical and philosophical considerations at play, including the possibility that the Board was not comfortable with the direction in which the Tata Group was being steered under Mistry’s leadership? Even days after the change of guard, nobody really knows for sure but tentative answers are slowly beginning to emerge. By all accounts, Mistry had been focused on making the Tata group of companies more profitable. But he was doing that by trying to revive a few loss-making enterprises and getting rid of many others that in his view were non-core businesses. Available data shows that approximately some 57 Tata Group entities are not making profits. Another 37 companies are earning less than 10 percent return on capital. Mistry was keen on restructuring companies

like Voltas and the the Tata’s Financial Service businesses. And he had drawn up a long dis-investment list. Alarm bells began ringing within the various Tata Trusts and Foundations. Selling off so many entities would have an adverse two-fold effect – one, the income of the Trusts would drastically fall; and two, the 66 percent shareholding of the Tata Trusts in the parent holding company would be significantly reduced. Ever since Jamsetji Nusserwanji Tata kickstarted the Tata saga in 1868, the profit motive was never the whole and sole objective. Over the years, philanthropy and charity grew to become very high on the list of priorities. It is a tradition that has been proudly maintained for over 150 years and the group logo reflects it – Leadership with Trust. Under Cyrus Mistry’s new corporate strategy, philanthropy would have been in danger of being diluted in favour of the profit motive. In 2012, when he handed over the chairmanship of Tata Sons to Cyrus Mistry, Ratan Tata had said in an



Realpolitik

interview: “The only income the Tata trusts have is the dividend they get from Tata Sons. That income has to be distributed for charity. Since I will remain chairman of the various Tata trusts, I have to protect that dividend”. And that is precisely what he has done – he has swung into action to protect the Tata trusts and to preserve the benevolent philosophy that has always been the most cherished goal of the House of Tatas. In this crass materialistic age we live in, it might appear that old-fashioned values have no place in the cut-throat and competitive business marketplace. But the corporate history of the House of Tatas shows that the founders of the company had bequeathed most of their personal wealth to the many trusts they created for the greater good of India and its people. It is a tradition which continued till today, with the Tata Trusts controlling the bulk of the shares of Tata Sons and the vast wealth that accrues from this asset is utilized to support a truly astonishing array of causes, institutions and individuals in a wide variety of areas. For example, not many people know that the Sir Dorabji Tata Trust, established in 1932 by the elder son of Jamsetji Tata, is one of India’s largest philanthropic foundations. The trust offers monetary assistance to students and economically disadvantaged patients, makes financial contributions to institutions and provides financial support to more than 600 non-governmental organisations (NGOs) in the country. The Sir Dorabji Tata Trust and its other allied trusts support several leading institutions of learning, research and culture in India – including the Indian Institute of Science in Bengaluru, the Tata Institute of Social Sciences in Mumbai, the Tata Memorial Centre in Mumbai, the Tata Institute of Fundamental Research in Mumbai, the Tata Medical Center in Kolkata, the National Institute of Advanced Studies in Bengaluru, and the National Centre for the Performing Arts in Mumbai.

Raman SwamiThe author is a veteran journalist,

political commentator & satirist par-excellence

Apart from the Sir Dorabji Trust, there are numerous other outreach arms and affiliated charitable entities, including the Sir Ratan Tata Trust. They represent a gigantic network of partner organisations active in 17 states, with its altruistic tentacles touching the lives of crores of needy and deserving citizens. Collectively, the trusts and foundations make grants to NGOs in many social development sectors, including sustainable management of natural resources and the livelihoods of the rural poor. In addition, they are engaged

in household food security and ecological security, urban poverty alleviation, informal sector livelihoods, urban planning and governance, and employability. They are actively engaged in adolescent education, child protection and women’s education, as well as creating and upgrading medical infrastructure and healthcare facilities across India, including research in alternative systems of medicine such as Ayurveda, community-based health interventions, non-communicable diseases with a focus on cancer, violence against women as a public health issue, and disability. The Tata Trusts also extend support to Art and Culture projects in rural and urban areas, promoting arts scholarships and building archival facilities; protecting and conserving India’s cultural heritage and dying art forms; supporting research and

development activities of the arts, supporting development media projects as well as developing proactive areas through folklore. In other words, over the last century and more, the Tata Trusts have been seriously engaged in meaningful philanthropy and affirmative action on a scale that even Governments are envious of. All this was in danger of being curtailed or even terminated, if Cyrus Mistry’s profit-is-paramount priorities had been allowed to prevail. There was just too much at stake. The truth is that the concept of wealth-sharing is

a mindset – some have it, others don’t. Ratan Tata evidently came to the conclusion that Cyrus Mistry had a vastly different approach to men and matters, which was incongruent and not-in-tune with true Tata values. He was already showing signs of steering the Tata ship in a direction far removed from the Tata tradition. In a word, he had to go. Even as business, political and media circles are absorbing the impact of the shock development and seeking to gauge the likely fallout, some analysts have drawn attention to an event that took place

just two days before the shake-up at Bombay House. Ratan Tata had been in Gwalior as the chief guest at the 119th foundation day function of Scindia School. In his keynote address, he made a reference to the prevailing atmosphere in the country and the challenge of overcoming problems of health and education, poverty and intolerance. Surely, at the back of his mind, there would have been the knowledge that just two days later he would be undertaking a surgical strike to wrest back control of the House of Tatas, so that the mission to combat ignorance and disease may be once again put back on track.


November 201640

Realpolitik

VLADIMIR PUTINGRANDMASTER OF STATESMANSHIP

The venue was the Taj Exotica hotel in Goa, and the occasion was a news conference following the meeting of the leaders of BRICS member states. Thanks to the few television channels that had the good sense to take a break from focusing entirely on Indian leaders and spokespersons at the BRICS summit and telecast a portion of Putin’s press conference live, many ordinary Indians also got the chance to get a rare glimpse of one of the world’s most powerful leaders, about whom they have heard so much but know so little. As an event, it had all the ingredients of a top rated news programme – a global celebrity addressing serious international issues at a pivotal juncture in the history of the world. Adding spice to thew whole affair was an embarrassing bit of drama, when the electricity failed for a brief moment and the lights went out when Putin was halfway through giving an incredibly frank and detailed reply to a very relevant question pertaining to cyber warfare. The Russian president was speaking very pointedly and very deliberately about the most sensitive and secretive of subjects – espionage, intelligence, cyber-hacking and phone tapping. Referring to the NSA (National Security Agency), the US intelligence service, he pointed directly at the assembly media and said: “They are spying on everyone of you, all of you. You are a target for the intelligence service because you have information. You have access to presidential press conferences like this one. You hear something, many things. You see

something. You are free to talk on the phone. You can say anything you like on air. You don’t care about sensitive data. But you can be tracked by Intelligence. All the information you transmit will be on the NSA’s files”. At that precise moment, the electricity blipped at the Taj Exotica, all the lights blinked out and the entire room went dark for a fraction of a second. When illumination returned, Putin leaned back, rolled his eyes and said with a ghost of a smile – “Oh! Something happened, certainly. Maybe I said something wrong. It seems they are listening, certainly!” This quick-witted instant reaction was greeted with a burst of laughter. It dissolved all the pre-conceived notions about Vladimir Putin – that he is a cold, robotic and terrifying man who never departs from the pre-prepared script and speaks only in metallic monotones aimed at dominance and intimidation. This is image that Western media have drilled into the heads of even the educated classes in third world countries and emerging economies. Quite to the contrary, Vladimir Putin appeared relaxed throughout the press conference, often shifting languidly in his chair, leaning forward to listen to questions attentively and coming out with either a detailed answer or with good humoured quips and quotable one-liners. At the Goa press conference, the Russian president was asked a barrage of questions about the fast-escalating verbal attack on Russia by top leaders and officials of the United States. In the last few days Washington

has accused the Kremlin of hacking email servers of the Democratic Party and has threatened to retaliate in a similar way. As recently as Friday, US vice-president Joe Biden virtually confirmed that Russia would soon be at the receiving end of a cyber-attack by US intelligence. Vladimir Putin replied with what appears to be his characteristic style: “One can expect just about anything from our American friends. After all, what did he (Biden) say that we didn’t already know? Didn’t we know that US authorities are spying and eavesdropping on everyone?” He paused for a second and added: "The only novelty is that for the first time, at the highest level, the United States has admitted involvement in these activities, and to some extent it has threatened us – which of course does not meet the standards of international communication”. Then, after another pause, he quipped with a half-amused smile: “Apparently, they are nervous,” he added. Clearly, this was not just a singular opportunity for the Indian media to see and hear Vladimir Putin from close up, but this is probably the very first time that Indian journalists have had a front-row seat to witness the unfolding of a potentially catastrophic global class of giants between two of the world’s most powerful nuclear nations and that too from Indian soil.

Indian journalists had a rare opportunity to connect and interact with the Russian President Vladimir Putin and experience at first hand his razor-sharp wit and humour, his ability to be charmingly informal, the depth of his knowledge of world affairs and the force of his personality. Raman Swamy pens his impressions for our readers in this article ...

Raman SwamiThe author is a veteran journalist,

political commentator & satirist par-excellence


November 201642

Realpolitik

INDIA RISING

India’s economic fundamentals have been gaining strength steadily — a large youthful population with rising incomes that is increasingly online and consuming more. On the macro front, India is among the few emerging economies wherein IMF expects GDP growth of 7.6% in 2016-17 as an outcome of the thrust in reforms. The Indian Government too has also taken up a series of measures to improve the ‘Ease of Doing Business,’ with an emphasis on simplification and rationalization of existing rules, and the introduction of information communication technologies to make governance more efficient and effective. Here are some steps taken by the Government of India :l Ministry of Corporate Affairs (MCA) has launched one ‘Form INC 29’ to avail 3 pre-registration services viz.: ‘Name Availability’, ‘Director Identification Number’ and ‘Incorporation of Company’ with one payment. l System of issuing PAN and TAN within T+1 days on an application using digital signature.l Central Board of Excise & Customs (CBEC) has implemented a single window interface by integrating

clearance from FSSAI, Animal Quarantine, Plant Quarantine, Drug Controller and Wildlife Control Bureau for Imports. l MCA has issued the Indian Accounting Standards in Feb 2015, which converge with the International Financial Reporting Standards. This will now provide financial information in a way that is familiar to International investors. l Deep transformation in securities market with new listing regulations, REIT rules, creation of a unified regulator for commodities and capital markets, allowing foreign portfolio investors to invest in REITs, category III AIFs, etc.l Implementation of the Insolvency and Bankruptcy Code 2016, providing impetus to banks for coming out of stressed asset portfolio crisis. l Rollout of GST framework to simplify tax structures. l Relaxation of FDI norms across sectors like defence, PSU oil refineries, telecom, single-brand retail, insurance, and stock exchanges, etc. l Non-repatriable investments made by the Persons of Indian Origin (PIOs), Overseas Citizens of India (OCIs) and NRIs will now be treated as

domestic investments and will not be subject to FDI caps.Thus, with its fundamentals strong and a reforms regime in place, India Inc. today has the potential to reward investors placing their bets on its growth story in a long term period of 7-8 years. Though overall growth sentiment is upbeat, some sectors of the Indian economy do need some specific mention, which has been detailed in the following table. (SEE NEXT PAGE) The Indian Government’s focus on pushing ‘Make In India’ while simultaneously enhancing infrastructure investment and aided with stable policy reforms, is giving a solid boost to investor confidence, as well as making India an attractive investment destination. This reading is supported by the data on growth, of 82% to US$ 27 billion in M&A deals involving Indian companies during January-June 2016, PE investments of US$ 9.8 billion during January to July 2016 as well as FDI of US$ 40 billion in 2015-16. Investors with a long term vision, wanting to be a part of this ‘Great India Growth Story,’ can contemplate investment in the above discussed sectors after understanding the risk and returns in the entities operating in these sectors.

Today India is one of the most favoured destinations for foreign investment, with a high GDP growth level, progressive policy environment, predictability in tax matters, large pool of scientific and skilled human resource, and an environ where the ease with which businesses could be started and run is getting better and better. S Ravi pens his reading of the Indian scenario as it evolves, and presents a suggestive portfolio for our readers to invest into.

SUGGESTIVE PORTFOLIO FOR INVESTORS



Realpolitik

S.NO SECTOR REASON FOR INVESTMENT RECENT COMMITMENT/ INVESTMENT ANNOUNCEMENTS

1. Information Technology (Apps, Platforms & Software)

Focus of GoI on Digital India.Business transformation.Chance to automate certain business processes & cut costs.

Lendingkart, a digital lending platform, raised INR 130 crore in a series B round of funding led by Bertelsmann, Germany-based mass media giant.DriveU, an on-demand driver provider operated by Humble Mobile Solutions Private Limited, has raised about US$ 1 million.

2. Solar Energy Solae Potential in India is about 130 gigawatts by 2025.Continuing fall in PV prices could make it cheaper than coal.

World Bank has committed US$ 1 billion for India’s Solar Energy projects. The GoI is likely to sign a US$ 1 billion partnership with the US government, aimed at funding off-grid solar projects, mini-grids for rural areas and other subsidy-based projects for economically backward regions in India.

3. Defense Major international defence production companies have taken keen interest in entering India. Excise and Customs Duty exemptions enjoyed by OFB & Defence PSUs withdrawn to facilitate International entry and ensure level playing field.

GoI has awarded 56 defence manufacturing permits to private sector entities last year alone, after allowing FDI in defence in August 2014. Boeing, Airbus, Lockheed Martin, BAE Systems etc., are actively exploring the scope of future investments into India.

4. Housing Finance Companies / Real Estate Funds

Continued demand for affordable housing.Housing finance Company Balance sheets cleaner than banks.FDI policy regarding Construction Development Sector amended & includes easing of area restriction norms, reduction of minimum capitalisation and easier exit from project.

Aspire Home Finance Co has raised INR 100 crore (US$ 14.82 million) debt from IFC to be used to fund its expansion in lower and middle income housing market segments.Godrej Fund Management (GFM), an arm of Godrej Properties, has raised US$ 275 million from Netherlands-based APG Asset Management NV to invest in residential projects in India.

5. Pharmaceuticals Expected to expand at a CAGR of 15.92% to US$ 55 billion by 2020.India likely to be among the top three pharma markets by incremental growth and sixth largest market globally in absolute size By 2020.Cost of production significantly lower than that of the US and almost half of Europe’s, not to mention very strong R&D base.

Rubicon Research P Ltd, a contract research and manufacturing services firm, is in advanced talks with Everstone Capital and a few HNI to raise up to INR 240 crore Lupin Ltd plans to acquire a portfolio of 21 generic brands from Japan-based Shionogi & Co Ltd for INR 10.08 billion to strengthen its presence.IFC plans to invest upto US$ 75 million in Glenmark, which looks to raise US$ 200 million for expansion and launch of several new products in India and other emerging markets over next three years.

6. Auto – 4 wheeler The implementation of One Rank One Pension and 7th Pay Commission will increase urban consumption. Decline in commodity prices of steel and aluminium will decrease costs of 4 wheelers thus increasing auto sector margins. Rollout of GST to have positive impact.

Nissan is in discussions with GoI for bringing electric and hybrid technologies to India for aiding air pollution reduction.Ford plans to manufacture two engine families by 2017 in India, a 2.2 litre diesel engine codenamed Panther, and a 1.2 litre petrol engine codenamed Dragon, which are expected to power 270,000 Ford vehicles globally.

7. Logistics Expected to grow at a CAGR of 12.17% by 2020 fuelled by explosive e-commerce growth and focus on ‘Make in India’. On implementation of GST this sector to benefit most thanks to cost rationalization.

Amazon plans to set up its second largest global delivery centre in Hyderabad, 2.9 million square feet in size and employing 13,500 people.Indian Railways has issued a Letter of Award to US-based GE for an INR 14,656 crore (US$ 2.19 billion) diesel locomotive factory project at Marhowra, and to French transport major Alstom for an INR 20,000 crore (US$ 2.98 billion) electric locomotive project in Madhepura, Bihar.

S RaviThe author is a practising CA with over 26 years of experience. He has

served on the boards of more than 36 companies across sectors, including

Public Sector Banks and PSUs


November 201644

Real Estate

FESTIVE HOPE FOR REALTY

The NCR market, which has been worst hit due to the slowdown, is now showing signs of revival with the begin of the festive season. Noida-based builders are enthused today by the response shown by home buyers’ during the Navratras. Four prominent builders of Noida – Gaursons, Ajnara, Antriksh and Saya have reportedly sold some 347 units in all (131, 105, 105 and 65 units respectively) during the 9-day auspicious period. In addition, leading real estate marketing company ‘Investor Clinic,’ which had organised a two-day ‘Navratra Propfest’ on the 8th and 9th of October has managed to sell 200 units, according to its CEO Honey Katyal. Akshay Taneja, MD of TDI Infratech Private Limited, believes that customers are more encouraged to invest in properties this year in comparison to last year, as home loan rates are lower and property prices are stable. “That home buyers who were holding back their buying decisions have now become active is clearly evident from the sale velocity. We have already got a number of bookings for our Sonepat and Mohali projects. And as the festive season has marked a good start, we expect to witness more sales velocity in days to come.” Prashant Tiwari, Chairman of the Prateek Group, is in concurrence with Taneja. “This year we have witnessed a cheering response from customers as compared to the last 2-3

years. Amidst corrected property prices and good deals on offer, this festive season has increased demand from potential home buyers with a sizable number of bookings. Considering that this is just the beginning of the festive season, we expect sales activity to be even more encouraging in coming days. We are hoping for a turnaround very soon,” he says. Sunil Mishra, CBO of Prop Tiger, is positive about the festive season turnaround: “This is the first festive season when after almost 2-3 years of quarter-on-quarter decline, sales have picked up for the first time, with affordable homes contributing to 50 percent of the overall sales and primary sales picking up amidst increase in the number of launches in Mumbai, Pune and Hyderabad. With the fastest growing GDP, key realty reforms like RERA, price correction in real terms over past 2 years and stimuli from developers in the form of sharp deals, this festive season could see a much sharper spike in purchases by customers than what has been seen during the past 3 years, he avers. The significant trend of online carnivals with participating corporate brands like Tata housing, Godrej Properties and Mahindra Lifespaces besides other prominent developers, have provided a much needed impetus to home sales. JLL-HouseBolo.com, India's first web-based carnival, is showcasing pan-India residential

properties on auction – from renowned builders from Delhi-NCR, Mumbai, Bengaluru, Chennai, Kolkata, Pune, Hyderabad etc. According to Ashwinder Raj Singh, CEO of Residential Services, JLL India – their online campaign with HouseBolo.com is getting a good response, in view of the exclusive discounted prices, special payment plans and zero brokerage to end buyers on purchase of new properties – and above all transparent and efficient pricing. “While basic market price is confusing for home buyers with different sources sharing different rates, our auction platform tends to bring in more clarity and establishes a fair price for the property. Moreover it gives the buyer the convenience of price discovery with minimum bias without the intervention of any third party.” Magicbricks.com has come up with its 'Dream Homes Festival' showcasing some 400 projects from 100 developers in cities like Delhi NCR, Mumbai, Bengaluru, Chennai, Pune, Hyderabad, Ahmedabad, Jaipur, Lucknow, Vadodara, Indore, Chandigarh, Dehradun, Nagpur, Ranchi, Patna etc., with customised deals and discounts up to INR 30 Lakhs. According to Sudhir Pai, Magicbricks.com CEO, with an aggregated 200 plus deals across 8 top cities, overall traffic on the website has shot up by 60 percent, with big traction from the affordable housing segment due to plenty of unsold inventory and price sensitivity

In the backdrop of a drastic slowdown over the past two to three years, the beleagured realty sector – especially the residential real estate subsegment where unsold inventories have plagued the players – is seeing a perk-up and some revival, and home sales are picking up with the onset of the just-begun festive season. While this trend heralds good tidings for realty, a complete turnaround in the residential real estate market might just take some more time. NRI Achievers presents here an overview on the trends in the real estate sector ...


November 201646

Real Estate

of buyers. Another noticeable trend is that the secondary market is getting two times more number of leads thanks to better pricing. In projects where fresh sales is happening close to the resale price, demand for fresh properties is 50 percent more. “Though we do not track transactions, it is a fact that the number of enquiries has gone up substantially. Over 40,000 enquiries have been generated during the first eight days of the event itself, with encouraging feedback from developers. We hope to cross 100,000 enquiries by the time the event ends, opines Pai. Ahead of this festive season, real estate reforms had created the grounds for positive sentiment. But the question is: Has RERA really contributed to the spike in home sales this festive season by boosting home buyer confidence and reviving trust in developers? Tapan Singal, a real estate and regulatory expert and the Group Director of Lotus Green, rules out any direct role of RERA in the spurt in sales that may happen during festive season: “RERA does not have any direct relationship on marketing of a real estate project, whether under-construction or greenfield. A case of developers adding credibility to tghemselves on account of being RERA-compliant, and leveraging the same for the purpose of marketing is yet to be seen.” Home buyers have been avoiding investing into under-construction projects and were instead opting for ready-to-move-into homes

to ensure safety of their capital for the past several months in the run up to this festive season. And this same trend is overtly visible in this festive season as well. Raheja Developers had come up with their 'Big Bang' sale during the Navratras, offering exclusive discounts of upto 30 percent on their ready-to- move-into and nearing-completion properties. “The end-results of our sale has been phenomenal – we got about 7000 unique leads, most of them with significant closures. And all of them for our premium properties located at prime locations – like Dwarka Expressway and Sohna Road. We are expecting more closures as the festival season has just begun and sales are better than last year,” says Navin Raheja, Chairman of Raheja Developers. Keeping in view the reluctance of home buyers to go in for under-construction properties, real estate developers are out to win back the confidence of home buyers. To assure buyers of their transparency and fair dealing, some of them like the Rahejas have been specifically mentioning that there are no hidden charges like PLC (Preferred Location), Club Membership, Super Area Increase and Escalation in their offers itself, thus assuring buyers that only government charges like Service Tax, VAT, EDC/IDC, Stamp duty, Water, Electricity & Registration Charges are being levied. In this context, some developers like the Prateek Group have come up with the concept of all-inclusive pricing, giving full disclosure

on details of carpet area, super area and super built area – clearly telling the buyer what he is getting for the money paid. Builders sitting on huge inventory amidst weak sales have also been focusing on delivery and possession to win back the trust of buyers. Three prominent developers of NCR including Gaursons, Ajnara and Antriksh, have together given possession of 300 units across different projects during the Navraras, including ready-to-move-into units and old ones whose possession was pending. The Ajnara Group plans to offer possession of 5,000 units across several of its projects in the coming months. According to Deepak Kapoor, President of Credai Western UP, about 45,000 units across Noida and Greater Noida are likely to be handed over by March 2017, giving a big push to residential real estate. Notwithstanding this positive sentiment, NCR players like Honey Katyal are not yet prepared to hazard a guess about the exact impact of festive season sales on residential real estate and express cautious optimism, saying that business during this festive season is expected to be better than the last, but a complete revival might take a year or more.

Vinod BehlThe author is a senior media

professional & the Consulting Editor of NRI Achievers magazine. He may be

reached at: [email protected]


November 201648

Metaphysical Musings

rkr] ;fn rqe tUe ej.k ds pØ ls eqä gksuk pkgrs gks rks ftu fo"k;ksa ds ihNs rqe bfUæ;ksa dh larqf"V ds fy, Hkkxrs fQjrs gks mUgsa ,sls R;kx nks tSls rqe fo"k dks R;kx nsrs gks- bu lc dks NksM+dj gs rkr frfr{kk] bZekunkjh dk vkpj.k] n;k] 'kqfprk vkSj lR; bldk ve`r fi;ks-My dear child, if you desire to be free from the cycle of birth and death, then abandon the

^pk.kD; uhfr*% vè;k;&9

^viuh dq:irk dks vPNs O;ogkj ls ekr nsa*

¥æ¿æØü ¿æ‡æ€UØ °·¤ °ðâè ×ãæÙ çßÖêçÌ Íð, çÁ‹ãô´Ùð ¥ÂÙè çßmžææ ¥õÚU ÿæ×Ìæ¥ô´ ·Ô¤ ÕÜ ÂÚU ÖæÚUÌèØ §çÌãæâ ·¤è ÏæÚUæ ·¤ô ÕÎÜ çÎØæÐ ×õØü âæ×ýæ’Ø ·Ô¤ â´SÍæÂ·¤ ¿æ‡æ€UØ ·¤éàæÜ ÚUæÁÙèçÌ™æ, ¿ÌéÚU ·¤êÅUÙèçÌ™æ, Âý·¤æ´Ç ¥ÍüàææS˜æè ·Ô¤ M¤Â ×ð´ Öè çßEçß�ØæÌ ãé°Ð §ÌÙè âçÎØæ¡ »éÁÚUÙð ·Ô¤ ÕæÎ ¥æÁ Öè ØçÎ ¿æ‡æ€UØ mæÚUæ ÕÌæ° »° çâhæ´Ì ¥õÚU ÙèçÌØæ¡ Âýæâ´ç»·¤ ãñ´ Ìô ×æ˜æ §âçÜ°, ç·¤ ©‹ãô´Ùð ¥ÂÙð »ãÙ ¥ŠØØÙ, ç¿´ÌÙ ¥õÚU ÁèßæÙæÙéÖßô´ âð ¥çÁüÌ ¥×êËØ ™ææÙ ·¤ô, ÂêÚUè ÌÚUã çÙ:SßæÍü ãô·¤ÚU ×æÙßèØ ·¤ËØæ‡æ ·Ô¤ ©gðàØ âð ¥çÖÃØQ¤ ç·¤ØæÐ Âðàæ ãñ v| ¥ŠØæØô´ ßæÜè Ò¿æ‡æ€UØ ÙèçÌÓ ·¤æ ÙUßæ´ ¥ŠØæØÐ ãÚU ¥´·¤ ×ð´ ã× °·¤ ¥ŠØæØ ÂÚU ÙÁÚU ÇæÜÌð ãñ´Ð

objects of sense gratification as poison. Drink instead the nectar of forbearance, upright conduct, mercy, cleanliness and truth.oks dehus yksx tks nwljksa dh xqIr [kkfe;ksa dks mtkxj djrs gq, fQjrs gS] mlh rjg u"V gks tkrs gSa ftl rjg dksbZ lkai phafV;ksa ds Vhyksa esa tk dj ej tkrk gS-Those base men who speak of the secret faults of others destroy

themselves like serpents who stray onto anthills.'kk;n fdlh us czãkth] tks bl l`f"V ds fuekZrk gSa] dks ;g lykg ugha nh dh og ---lqo.kZ dks lqxa/k çnku djsa-xUus ds >kM dks Qy çnku djsa-pUnu ds o`{k dks Qwy çnku djsa-fo}ku~ dks /ku çnku djsa-jktk dks yEch vk;q çnku djsa-Perhaps nobody has advised


November 201650

Lord Brahma, the creator, to impart perfume to gold; fruit to the sugarcane; flowers to the sandalwood tree; wealth to the learned; and long life to the king.ve`r lcls cf<+;k vkS"kf/k gS-bfUæ; lq[k esa vPNk Hkkstu loZJs"B lq[k gS-us= lHkh bfUæ;ksa esa Js"B gS-eLrd 'kjhj ds lHkh Hkkxksa esa Js"B gS-Nectar (amrita) is the best among medicines; eating good food is the best of all types of material happiness; the eye is the chief among all organs; and the head occupies the chief position among all parts of the body.dksbZ lans'kokgd vkdk'k esa tk ugha ldrk vkSj vkdk'k ls dksbZ [kcj vk ugha ldrh- ogka jgus okys yksxksa dh vkokt lqukbZ ugha nsrh- vkSj muds lkFk dksbZ laidZ ugha gks ldrk- blfy, og czkã.k tks lw;Z vkSj pUæ xzg.k dh Hkfo"; ok.kh djrk gS] mls fo}ku ekuuk pkfg,-No messenger can travel about in the sky and no tidings come from there. The voice of its inhabitants as never heard, nor can any contact be established with them. Therefore the brahmana who predicts the eclipse of the sun and moon which occur in the sky must be considered as a vidwan (man of great learning).bu lkrksa dks txk nsa ;fn ;s lks tk,a---1. fo|kFkhZ 2. lsod 3. ifFkd 4. Hkw[kk vkneh 5. Mjk gqvk vkneh 6. [ktkus dk j{kd 7. [ktkaphThe student, the servant, the traveller, the hungry person, the frightened man, the treasury guard, and the steward: these seven ought to be awakened if they

fall asleep. bu lkrksa dks uhan ls ugha txkuk pkfg,---1. lkai 2. jktk 3. ck?k 4. Mad ekjus okyk dhM+k 5. NksVk cPpk 6. nwljksa dk dqÙkk 7. ew[kZThe serpent, the king, the tiger, the stinging wasp, the small child, the dog owned by other people, and the fool: these seven ought not to be awakened from sleep.ftUgksaus osnksa dk v/;;u iSlk dekus ds fy, fd;k vkSj tks uhp dke djus okys yksxksa dk fn;k gqvk vUu [kkrs gaS muds ikl dkSu lh 'kfä gks ldrh gS- oks ,sls Hkqtaxksa ds leku gS tks na'k ugha dj ldrs-Of those who have studied the Vedas for material rewards, and those who accept foodstuffs offered by shudras, what potency have they? They are just like serpents without fangs.ftlds MkVusa ls lkeus okys ds eu esa Mj ugha iSnk gksrk vkSj çlUu gksus ds ckn tks lkeus okys dks dqN nsrk ugha gS oks uk fdlh dh j{kk dj ldrk gS uk fdlh dks fu;af=r dj ldrk gS- ,slk vkneh Hkyk D;k dj ldrk gS-He who neither rouses fear by his anger, nor confers a favour when he is pleased can neither control nor protect. What can he do?;fn ukx viuk Q+u [kM+k djs rks Hkys gh og tgjhyk uk gks rks Hkh mldk ;g djuk lkeus okys ds eu esa Mj iSnk djus dks i;kZIr gS- ;gk¡ ;g ckr dksbZ ekbus ugha j[krh fd og tgjhyk gS fd ugha-The serpent may, without being poisonous, raise high its hood, but the show of terror is enough to frighten people -- whether he be venomous or not.lqcg mBdj fnu Hkj tks nkao vki yxkus okys gSa mlds ckjs esa lkspsa-

nksigj dks viuh ek¡ dks ;kn djsa- jkr dks pksjksa dks uk Hkwysa-Wise men spend their mornings in discussing gambling, the afternoon discussing the activities of women, and the night hearing about the activities of theft. (The first item above refers to the gambling of King Yuddhisthira, the great devotee of Krishna. The second item refers to the glorious deeds of mother Sita, the consort of Lord Ramachandra. The third item hints at the adorable childhood pastimes of Sri Krishna who stole butter from the elderly cowherd ladies of Gokula. Hence Chanakya Pandits advises wise persons to spend the morning absorbed in Mahabharata, the afternoon studying Ramayana, and the evening devotedly hearing the Srimad-Bhagvatam.)vkidks bUæ ds leku oSHko çkIr gksxk ;fn vki--vius Hkxoku~ ds xys dh ekyk vius gkFkksa ls cuk;sa-vius Hkxoku~ ds fy, pUnu vius gkFkksa ls f?klas-vius gkFkksa ls ifo= xzaFkkas dks fy[ksa-By preparing a garland for a Deity with one's own hand; by grinding sandal paste for the Lord with one's own hand; and by writing sacred texts with one's own hand -- one becomes blessed with opulence equal to that of Indra.xjhch ij /kS;Z ls ekr djsa- iqjkus oL=ksa dks LoPN j[kas- cklh vUu dks xje djas- viuh dq:irk ij vius vPNs O;ogkj ls ekr djsa-Poverty is set off by fortitude; shabby garments by keeping them clean; bad food by warming it; and ugliness by good behaviour.

Source: www.hindisathityadarpan.com



November 201652

Sadhguru Speaks

If you browse through the various ‘Panchangs’ that are in use in India – almanacs-calenders referred to by the myriad communities in our country – you will find a festival, an occasion, observance, vrat, auspicious and inasupicious days and more for each and every single day of the year. But over time, these have fallen into disuse, with just a few key festivals being celebrated in our country. In this issue of NRI Achievers, Sadhguru discources on the importance festivals hreld for our society of yore, and delves into the the logic and rationale behind the rites and rituals that formed part and parcel of these festivities.

THE SIGNIFICANCE OF INDIAN FESTIVALS

In the yogic culture, the summer solstice, which falls in the month of June, marks the beginning of ‘Dakshinayana’ – which means the Sun begins to trace a southward movement in the Earth’s sky, in the northern hemisphere of the planet. Similarly, the winter solstice falling in the month of December marks the beginning of ‘Uttarayana’ or the northern run of the Sun. The half of the year from the beginning of Uttarayana in December to the beginning of Dakshinayana in June is known as ‘Gnana Pada’. The other half of the year from the beginning of Dakshinayana to the beginning of Uttarayana is known as the ‘Sadhana Pada’. The southern run from June to December is the phase of intimacy or the feminine – the earth is acting out her role as a woman. Festivals concerned with the feminine energy are celebrated in these six months. The whole culture of this land was attuned to this. Every month there is a festival of some kind. In this feminine half of the year, September 23rd marks the autumnal equinox – and the first ‘Amavasya’ (or new moon) after this is known as ‘Mahalaya Amavasya’. This Mahalaya Amavasya is a special day, dedicated to making an offering (shraadh) to express our gratitude to all the previous generations of people who have contributed to our life. During this time, new crops would have just

begun to bear yield in the Indian subcontinent. Their first produce is offered to the ancestors as a mark of respect and thankfulness. Mahalaya Amavasya is also the beginning of Devi’s time. The quarter from the Amavasya to the beginning of Uttarayana in December is known as the ‘Devi Pada’. In this quarter, the northern hemisphere of the planet becomes ‘gentle’ because it is the quarter where the northern hemisphere receives the least amount of sunlight in the year. So everything

becomes subdued; it is not “ON” in a big way. The day after the Mahalaya Amavasya marks the first day of Navaratri or Dussehra, which is all about the goddess. In Karnataka, Dussehra is about Chamundi, in Bengal it is about Durga. Like this, it is about various goddesses in different places, but essentially Dussehra is about the feminine divinity. The nine days of Navaratri are classified as per the three basic qualities of ‘tamas, rajas and sattva’. The first three days are tamas, where

the goddess is fierce like Durga and Kali. The next three days are Lakshmi related – the gentle but materially-oriented goddesses. The last three days are dedicated to Saraswati, which is sattva – it is related to knowledge and enlightenment. Later in the year is Diwali, which is celebrated for various cultural reasons. But historically, it is called “Naraka Chaturdashi” because Narakasura – a very cruel king – was killed by Krishna on this day. Because of that, this celebration happened in such a big way. Evil need not necessarily come in the form of demons. Desperation, depression and frustration can cause much more damage to one’s life than the demons that you have not seen. Diwali is a reminder to slay all that is negative in our life. The celebration is auspicious in so many different ways. On this day, it is said that if someone needs money, Lakshmi will come in. If someone wants health, Shakti will come in. If someone wants knowledge, Saraswati will come in. These are dialectical ways of expressing that it will lead to wellbeing. 365 FESTIVALS IN A YEAR In Indian culture, there was a time when there used to be a festival every day of the year – 365 festivals in a year – because a festival is a tool to bring life to a state of exuberance and enthusiasm. That was the significance and importance of festivals. The whole



culture was in a state of celebration. If today was ploughing day, it was a kind of celebration. Tomorrow was planting day, another kind of celebration. Day after tomorrow was weeding, that was a celebration. Harvesting, of course, is still a celebration. But in the last 400 or 500 years, with the blight of poverty descending on our country, we have not been able to celebrate every day. People are satisfied if they just get some simple food to eat. So all the festivals fell away and only 30 or 40 festivals remain. We are not even able to celebrate those now, because we have to go to the office or do something else daily. So people usually celebrate only around 8 or 10 festivals annually. Unfortunately, festivals nowadays mean you are given a holiday from work, and you wake up only at noon. Then you eat a lot and go for a movie or watch television at home. It was not like that earlier. A festival meant the whole town would gather and there would be a big celebration. To bring back this culture in people, we at Isha celebrate four important festivals: Pongal or

Makarasankranti, Mahashivaratri, Dussehra and Guru Purnima. If we don’t create this, by the time the next generation comes, they will not know what a festival is. They will just eat, sleep and grow up without concern for another human being. All these aspects were brought into Indian culture just to keep a man active and enthusiastic in so many ways. The idea behind this was to make our whole life into a celebration.Metaphysical Musings. If you approach everything in a celebratory way, you learn to be non-serious about life but absolutely involved. The problem with most human beings right now is, if they think something is important, they will become dead serious about it. If they think it is not so important, they will become lax about it – they don’t show the necessary involvement. In India, when someone says, “He is serious,” that means his next step is you know where. A lot of people are in a serious condition. Death is the only one thing that is going to happen to them which is of any significance. The rest will bypass them because with anything that they think is not serious, they are unable to

show involvement and dedication. That is the whole problem. The passage, the secret of life is to see everything with a non-serious eye, but to be absolutely involved – like a game. That is the reason the most profound aspects of life are approached in a celebratory way, so that you don’t miss the point. If people want to celebrate 365 festivals in a year, they must have enormous zest for life. Otherwise, if you celebrate for one day, people generally want to rest for three days. So making every day into a festival, involving elaborate rituals and processes, people had a tremendous sense of zest and involvement. This sense of involvement with life, this sense of unbridled passion for everything that you are in touch with right now, is what is most crucial for one’s life to flower into an ultimate possibility.


Sadhguru Jaggi VasudevThe author is a prominent Indian

spiritual leader, a self-realised yogi, mystic, seer and visionary. Prolific

author, poet, and an internationally-acclaimed speaker. You can learn

more @ isha.sadhguru.org.


November 201654

PRIMA-DONNA OF INDIAN CINEMA“MY WORST FILMS TOO HAVE CLICKED AT THE BOX OFFICE” – REKHA

Rekha is one actress who never minces words. Point blank, she had told me that she had stopped giving interviews to journalists because she is fed up of the itsy-bitsy image of a nymphomaniac that the film press has saddled her with, in the wake of her romantic escapades with Vinod Mehra, Kiran Kumar, Yash Kohli and Amitabh Bachchan. “Have I no other job other than jumping in and out of the bed of every eligible star in filmland?” she snorted and flared, as the conversation veered around to her so called ‘reputation’ in the industry. Her performance in IMMAN DHARAM, for the first time in her career, had even fetched her an award for the best actress. She was then thrilled on having bagged the Filmfare award for the best actress and having proved to the world at large that she too can act. “If today I am not acclaimed

as a fantastic actress, the reason is that I am just not inspired to give out my best in the kind of roles that I am saddled with by producers. Tell me which film today affords the heroines with an opportunity to shine in an industry dominated by heroes.” she asks. Rekha has a point there. Films with a heroine-oriented theme have floundered at the box office badly. Like DREAM GIRL starring the hit-pair of Dharmendra and Hema Malini, DOOSARA AADMI starring Raakhee in the pivotal role with Rishi Kapoor and Neetu Singh, KADAMBARI with Shabana Azmi in the title role with the late Vijay Arora and Raj Kapoor’s SATYAM SHIVAM SUNDARAM with Zeenat Aman in the pivotal role. And naturally every producer wishes to play safe by launching projects which boasts of a lion’s share by the heroes. Rekha has come a long way in

films ever since her debut in filmland with Mohan Sehgal’s SAAWAN BHADON opposite Navin Nischol, way back forty seven years ago. Navin Nischol is not alive today, while Rekha is liked by each and everyone in the industry for her affable nature and kindhearted disposition. “I want to prove my mettle as an actress. It is not that I want to end up only as a star. It is just a coincidence that even my worst films have clicked at the box office and virtually thrown stardom at my doorstep. But I rarely get roles which I enjoy to play. Like my role in GHAR directed by Manik Chatterjee. After ELAAN I acted with Vinod Mehra in GHAR and enjoyed every moment of my work in the film, because it was a meaningful role and afforded scope for me to get my teeth into it. It posed a challenge to the actress in me.” Rekha used to say that she

Did You Know?Silver Screen

In this issue of NRI Achievers our Mumbai bureau has managed to pencil in Rekha, noted for her elusiveness and maintaining a safe distance from scribes. Sex-bomb of the the Hindi screen of yesteryears who used to rank a third in the race for the top position next only to Hema Malini and Zeenat Aman – elfin charm, a curvaceous figure oozing sex appeal from every pore of her vivacious body in capital letters, an ‘I-don’t-care-what-the-hell-the-world-thinks-of-me’ attitude toward society and a rare combination of beauty and brains … this, in short, is what Rekha is made of. To pin down this grand lady of Indian cinema for an interview is like asking for the moon, as she continues to cold shoulder the film press and has always played hide and seek for interviews. But our Bollywood maven succeeded where many have not, and we bring you her thoughts here ...



Did You Know?Bollywood

is prepared to work with dedication, concentrating all her time and attention on her roles and taking an individual interest in all her films like Zeenat Aman and Parveen Babi. Yet numerous were the occasions when Rekha had ditched her producers after confirming the dates allotted to them by her. Producer Shiv Kumar suffered heavily when Rekha ditched him after promising him that she would join Sunil Dutt and the unit of his film at Aurangabad where the outdoor schedule of the film was scheduled to be held. His film AHIMSA remains incomplete because he dared to complain about Rekha’s irresponsible behavior to the Producer’s Council. Rekha was replaced by Reena Roy in Narendra Bedi’s INSAAN, in which Jeetendra and Vinod Khanna were the co-stars. Prakash Mehra didn’t replace her because of the fact that she dared to play truant on the sets of DAKU and MUQADDAR KA SIKANDAR. What Rekha needs is a director who can really make her work and hold her reins in his control. She is like a spoilt kid who is too pampered to turn over a new leaf. To her credit, Rekha has several memorable films in her career like PREM BANDHAN opposite Rajesh Khanna, LAMBU DADA and MR NATWARLAL with Amitabh Bachchan, MUQADDAR KA SIKANDAR opposite Amitabh Bachchan and Vinod Khanna, BHOLA BHOLA opposite Rajesh Khanna and Moushumi Chatrterji, RAM BALRAM with Dharmendra and Amitabh Bachchan, Mohan Sehgal’s KARTAVYA opposite Dharmendra, and Raaj Kumar Kohli’s JAANI DUSHMAN opposite a horde of stars like Jeetendra , Sanjeev Kumar, Sunil Dutt, Vinod Mehra, and Shatrughan Sinha. What Rekha needs to inch ahead in her career which at the moment is at the cross roads, is perseverance and a little bit of enthusiasm for her work. Because all said and done, Rekha is a chip off the old Gemini Ganesan block. Both Gemini Ganesan and Pushpavalli, her parents, were the top stars of the Tamil screen once upon a time, and talent runs in her veins. Her father had once told me during one of my visits to Madras:

“What does Rekha not have that either Zeenat Aman or Hema Malini have? She has everything that is needed to make it to the top. Yet she is speeding ahead in her career at a snail’s pace. Why is it that in spite of her beauty and talent, Rekha is not the No 1 actress of the Hindi screen?” Well, the dice is cast, and its up to Rekha to accept or ignore it. She can even now start taking up meaty character roles that are offered to her, or it will just be too late.

Because, just around the bend are other actresses awaiting their turn, like Parveen Babi and Reena Roy, who are proven serious threats to her. Incidentally, it is interesting to note that Rekha was replaced by Bindiya in N.C. Sippy’s film GOLMAAL directed by Hrishikesh Mukherjee.

Jyothi VenkateshThe writer is a well-known &

established film critic.


November 201656

The event organized in New Delhi is said to be a progressive aviation event dedicated to providing an insight on the upcoming aviation market opportunities for the international and national business aviation, allied industries & companies.The one-of-its kind exposition is set to become an annual fixture in the Capital calendar of events and is anticipated to attract a constellation of high profile policy and decision makers and other players in the Aviation, Aerospace, Air Cargo & Allied Industries space.

About the event

With an aim to boost India as the global hub for aerospace and to improve upon remote and regional connectivity in India, under the patronage of the Indian Civil Aviation Ministry in collaboration with various partners in this space, a unique convention and exhibition is being organized. The event, spanning over two days aims at bringing together stakeholders, decision makers, experts and the likes from the Aviation, Aerospace, Air Cargo & Allied Industries. Apart from building awareness about this industry, stakeholders will also be discussing policies for the uplift of many areas in this space.

In the first edition, the expo will seek to boost the status of India as a leading Global Hub of Aviation, Aerospace, Air Cargo & Logistics businesses, Tourism &specialized fairs and events in this field. The main aim is to give further impetus to the Make In India & Skilling India initiatives of the Government of India. Apart from these, the expo at its infancy will also aim at providing a platform to businesses from across the globe to explore opportunities in the Indian Aviation and Allied Sectors.

USP’s

India is among the five-fastest growing Aviation markets globally, poised to be the third largest by 2020. Such initiatives and exhibitions are bound to increase India's position in this field. Indian carriers also plan to increase their fleet size to 800 by 2020, such collaborations and podium will only give a push towards realizing this dream.

Need for such an event

The central point of such an event is to focus on providing a special platform for the Indian Aviation companies to present airport and aviation-related products and services while enabling discovery of the industry's latest developments and innovations in a remarkable and convenient location. At present, the industry is plagued by a number of problems, connectivity to remote areas, for instance poses a huge challenge. Something that stakeholders will be looking to address through this exhibition. While till now, the Indian Aviation Industry's growth was led by development of metro-to-metro connectivity, the sector is now shifting its focus to hub development. A hub-feeder network model will connect smaller cities with the hubs and promote regional and remote connectivity. Also the growth would be more uniform, with inclusive growth of northern and north eastern states along with the southern and western states that house many of the country's economic centres. Given the immense potential and opportunities for the Indian Aviation Sector and the issues being faced, the government has formulated the New Civil Aviation Policy, 2016 with a thrust on encouraging investment and participation in the sector.

Key focus

AERO EXPO INDIA - 2016

www.aeroexpoindia.com



The city is the political and business hub of the country with numerous companies (national and international) dealing in diverse types of business and trade. Other than being the commercial centre in North India, New Delhi is also one of the major Aviation hub in the country attracting international and domestic flyers to operate on a daily basis. There is no denying the fact that Delhi is the place for touristy and trade shows!

Why Delhi?

• Indiaisamongthefivefastest-growingaviationmarketsgloballyandispoisedtobethe3rdlargestaviation market by 2020.• Indiancarriersplantoincreasetheirfleetsizetoreach800aircraftby2020.• Aimtoenhancethenumberofoperationalairportsto250bytheyear2030. Plan to revive and operationalize around 50 airports in India over the next 10 years to improve remote & regional air connectivity. • 3rdlargestnoofHNI'soutsideUS&China,creatingalargerscopeforbusinessaviation.• Visionofbecomingaglobalaviationhubby2020

Aviation in numbers

The exposition will aim at:

• PromotingRemoteandRegionalAirConnectivityinIndia.• FocusonsynergizingcollaborationbetweencenterandstatesontheIndustryrequirementsofGeneral Aviation.• ParticipantsspreadacrossapanoramaofconcernedStakeholdersacrossAviation,Aerospace,AirCargo& Allied Industries (MRO; OEM's & other support services).• Focustoprovidestakeholdersnewopportunitiesforsustainablegrowthinthissector.• Showcasepartnership&businessopportunitiesacrossairport,cargos,logisticssectors,avionicsindustry& allied businesses.• ShowcasenewtalentandcreateaplatformtopromoteStart-upsintheAviationsector.• Disseminationofinformationregardingtheopportunitiesinthenewairport,upgradation,freightstations and connectivity projects on the anvil.• AeroExpoIndiawillbeaplatformtoworktowardsmakingIndiaanInternationalAviationHub.

Key Highlights

18th and 19th November, 2016, Near New ATC Tower, IGI Airport, New Delhi.

Details of the Event

www.aeroexpoindia.com


November 201658

Remote and regional area connectivity and problems In a country where majority of the population is still living in tier 2, tier 3 cities and even more remote areas, poor connectivity is a nagging problem. The Government of India has made huge strides in this sector by introducing the regional connectivity scheme to bolster air connectivity with the aim to promote "affordable flying", but still there is a lot that needs to be done.

The draft policy intends to grow regional connectivity via several measures such as incentives, capping of air fares for a limited number of seats and revival of existing air strips and airports.

In a Tweet, the Civil Aviation Minister, Ashok Gajapathy Raju summarized India's stance on improving this. "Regional connectivity is the corner stone of our civil aviation policy. It shall promote affordable flying and balanced regional growth," Raju said in a tweet.

At the State-level too a lot is being done to salvage this problem; State-run Airports Authority of India (AAI) has also prepared a note for the civil aviation ministry chalking out concerns and potential of air travel under the regional connectivity scheme (RCS) across 12 states including Rajasthan, Madhya Pradesh, Maharashtra, Chhattisgarh, Odisha, Gujarat, Jharkhand, Uttar Pradesh, Tamil Nadu, Karnataka, Andhra Pradesh and Telangana.“A regional connectivity fund would be created to fund the VGF requirements under the scheme,” the ministry said in a statement.

“The same would be funded through a levy on certain domestic flights. The partner state governments would also contribute a 20 per cent share to this fund (10 per cent for North Eastern States).”The allocation under the scheme is proposed to be equitably spread across five geographical regions. Once finalized, the scheme is expected to be in operation for a period of 10 years.

Even if there is a lot being done to boost regional connectivity, there is still a lacunae. According to V.P. Agrawal, former chairman of AAI, the RCS (Regional Connectivity Scheme) project is full of flaws and is being framed in oblivion without taking into views and suggestions of industry experts and stakeholders.

“Even if you identify potential markets for air travel, airlines have to fly there. The government has made the draft RCS policy complicated and has overburdened airlines, imposing heavy regulations on them. This has discouraged airlines to chip in for RCS,” said Agrawal to media persons.

This exposition aims at giving experts and high profile businessmen a podium to address issues and come out with a solution to better connectivity across states, provide cheap flying options and giving customers a lot to choose from.

About the event


November 201660

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