The United States is less competitive than it had been a year ago and also the global economy remains hobbled by reduced productivity even though a decade of cheap cash from central banks, the World Economic Forum said Wednesday.
In its latest assessment of the factors behind productivity and long-term financial development, the organization best-known for its yearly gathering of the elites in the Swiss ski resort of Davos found Singapore overtaking the United States as the most competitive country, aided in no small part with its infrastructure and strong alliance between management and labour.
The Global Competitiveness Report, which is currently in its 40th year,” said that the US is losing ground in steps like’healthy life expectancy’ and preparedness to its future skills needed in the 21st century.”
The report’s index maps outside the competitive landscape of 141 economies based on more than 100 indicators at a dozen classes.
Those categories include headings for example health, financial system, market dimensions, business dynamism and capacity to innovate.
The US did stay’an innovation powerhouse’ along with the world’s most aggressive large market, and despite the prospects of some future skills gap, the US still ranks highly for’ease of locating skilled workers’ today.
WEF founder Klaus Schwab called the index a’compass for thriving in the new market where innovation becomes the important factor of competitiveness.’
Authors say it is too early to fully assess the effect of a number of the operative elements in the world economy during the previous year, especially rising trade tensions between the US and China that’s contributed to tariffs on countless billions of dollars’ worth of products imposed.
They found signs that the trade tiff has led some economies to gain as businesses start looking for alternatives to China.
‘For instance, Vietnam used to be at 77 final year. This year, it’s at 67,”’ said Saadia Zahidi, mind of the WEF’s Center for the New Economy and Society. ‘This 10-rank increase is in part because the economy has been able to use the current situation concerning the commerce war to entice a few of the investments to be able to become a bit more about a regional trading hub.’
Zahidi said there is not enough info yet to evaluate the full effect of tariffs on competitiveness, but the restrictive trade measures seem to be connected to a’recession in business opinion’ that may bode poorly for the international economy.
Smart technology: When it comes to personal computers, lightness things.
Experienced industry analysts may be talking the discouraging trends in personal computer (PC) shipments and the way smartphones are eating to the laptop market, but HP Inc. has been bet PCs. While this makes business sense given it is the 2nd largest player on the market, it is clear the organization is aware of changing customer behaviour, starting lighter and brighter products.
The launch of HP Elite Dragonfly at Tokyo lately suggested just as much with its subject of’Lightness from the New Era’ and portended, possibly, the way forward for the notebook market.
A sub one-kilogram product that is billed as the world’s lightest compact company convertible notebook, Elite Dragonfly seems to push life and work bounds for mobile business professionals, being powerful, lightweight and offering up to 24.5-hour battery life and the latest Wi-Fi 6 connectivity. Also established were HP S340c Curved Ultra Wide Monitor–featuring HP Device Bridge which enables users to easily and simultaneously control two PCs –also HP E344c Curved Monitor, that provides a immersive 34-inch angled curved screen for the next-gen employee.
Said Alex Cho, president, Personal Systems, HP Inc,’HP innovation is moving companies past the status quo using incredibly light, strong and extremely protected PC designs and also a connected ecosystem for second generation offices’. The company, he said, was concentrated on holistic remedies. For example, HP WorkWell, its private wellbeing software, created health measurable and technical at work, coaching consumers to take exercise and breaks even as it provided productivity tips. For security, HP Sure Sense harnessed the power of deep learning for protection from malware attacks.
The future of mobile solutions place in Asia which had 19 of the planet’s 33 mega towns, together with India and South Korea offering the lowest broadband and data prices, respectively,” he explained. It was for the reason that HP was’innovating in Asia for Asia’, designing goods through monitoring of megatrends in the most populous continent.
However,’nobody has made this kind of product before,’ he explained in regards Elite Dragonfly. While that is an assessment that will need to overhaul the market’s evaluation, the swish exteriors of these Dragonfly blue colour are certain to catch the eye of girls. ‘For far too long’ve laptops been designed with the man user at heart,’ said Singh, and HP has broken the mould with a notebook which makes a bold and private statement, launching it in Japan which has introduced reforms to get women workers of late. Sandra Ng, Group Vice President, Asia, IDC summed it up when she said,’it signifies an integration of fashion and technology.’
PMC bank fraud: Why was following orders of lender chairman, HDIL, states Joy Thomas.
Joy Thomas, former managing director of the PMC Bank has told the police officers that he was following the orders of their bank chairman and also HDIL promoters, the Economic Offences Wing (EOW) of the Mumbai police said on Wednesday.
The Esplanademagistrate’scourtroom on Wednesday extended the custody of HDIL promoters Rakesh and Sarang Wadhawan and Punjab & Maharashtra Co-operative Bank chairman Wariyam Singh until October 14. While Wadhawans were arrested last Thursday, Singh had been taken into custody Saturday.
The EOW, which is exploring the PMC bank fraud case, told the court that both accused were not cooperating.
They also informed the court that the preliminary inquiry has shown that Wadhawans chose a loan from R90 crore from the PMC Bank and diverted the sum to repay their outstanding dues with the Bank of India.
The EOW also found that Singh has lot of business investments in the united states, created during the summit of the fraud. Involvement of the family in the foreign investment has to be verified. “Wariyam Singh not only played a vital part within this fraud, but he also maintained protecting the fraud for a lengthy time period,” the officer said.
Many depositors of the PMC Bank gathered outside the court yesterday, shouting slogans against those accused. A number of them also heckled advocate Amit Desai, who is representing the Wadhawans.
Holding placards with messages -‘No Licensed, Only Jail’ and’PMC culprit – Beware – No Bail, Lammmbi Jail’ – several bank customers, who are facing limitations on withdrawal of funds, staged a demonstration outside the court.
Pakistan Breaks All Records from Borrowing Money to Reduce Its Ailing Economy.
New Delhi: At a time when Pakistan Prime Minister Imran Khan is seeing many nations to seek financial help for Islamabad’s ailing market, new reports surfaced Tuesday that the Pakistan government has accumulated a record public debt of PKR 7,509 billion during its first year in power.
In accordance with the statistics, the government has made Rs 2,804 billion from overseas sources between August 2018 and August 2019, and Rs 4,705 billion has been burrowed from domestic sources.
As per the data in the State Bank of Pakistan, a 1.43 per cent increase has been found in the public debt of Pakistan in only first two weeks of this current fiscal year. In August this past year, the debt was just Rs 24,732 billion that has climbed to Rs 32,240 billion in August annually.
The data further stated that the government’s tax group in the first quarter of the current fiscal was Rs 960 billion while the target was $ 1 trillion.
While the total public debt stood at PKR 31.786 trillion at the end of June 2019, the government has additionally projected public debt to increase from 47 per cent to PKR 45.57 trillion in five decades.
The country’s ailing economy is refusing to rise despite many countries, including Saudi Arabia and China, supplying bailout packages to Islamabad.
In June this year, Pakistan procured a bailout package of $3 million by oil-rich Qatar. This is the fourth gulf state to come forward to assist Pakistan during the past 11 months to the country’s economy.
Earlier China gave $4.6 billion in the form of deposits and commercial loans, and Saudi also provided $3 million cash and $3.2 billion petroleum facility on differed payment. Previously the UAE had provided $2 billion because of a cash deposit.
Pakistan in May also signed a preliminary deal with the International Monetary Fund for a bailout package $6 billion dollars to strengthen the nation’s ineffective economy. It had been noted that the Pakistan government’s increase exports has improved the country’s dependence on bilateral and multilateral creditors.
Offline mobile application with biometric facial recognition launched.
Digitisation has really taken the world by storm and facial recognition system is quickly gaining popularity. Now, a new offline portable application was launched that functions with biometric facial recognition technologies. Tech5 has launched the program in cooperation with another technology company Pepper & Ink Technologies. Pepper & Ink Technologies is supplying customers cellular identity management that comes with record verification in addition to biometrics with the support of advanced 2D barcode technology.
The technology firms’ special compression technologies will store information in a 2D barcode.
It will be combined with Tech5’s facial recognition that will allow clients to store their info in a pocket-friendly way. The business asserts that extra hardware or smart card is not required and the advice regarding the distinctive digital ID can be saved using Public Key Infrastructure (PKI).
In accordance with Pepper & Ink Technologies CEO Niranjan Gosavi, Face recognition from TECH5 requires the unique improved QR Code alternative to another level. This collaborative tech is a game-changer in the identity management space, ” he explained.
The technology companies suggest that the solution can be used in operational ID. In addition, it can be utilised in national identification projects which include documents like birth certificates, online payments for retail or banking services amongst other items.
Earlier, Tech5 integrated biometric applications with a MOSIP. MOSIP is a open-source platform that enables clients to build federal foundational IDs.
Kerala HC says net a Simple straight while Kashmir stares at digital darkness
In reality, devoting its verdict on a request filed by a Kozhikode school student, the court declared that the right to access net is part of the Right to Education under the Constitution.
Unfortunately, Kerala is a good 2,500 kms from J&K that is presently under a fairly extended lockdown for more than two months. The internet and communication blackout haven’t only hit students hard but additionally impacted all aspects of life as August 4, a day before the central government unilaterally stripped off the state of its semi-autonomous standing and bifurcated it in to 2 Union Territories.
But how can internet smartphones and services be a key enabler of basic rights? From liberty of speech and expression into e-governance, e-commerce and facilitation of crisis services, the web is essential. Come to J&K and this may become abundantly clear.
Pharmacists in Kashmir can not restock drugs. The e-curfew has directly hit even the Centre’s flagship wellness plan, Ayushman Bharat, at the Valley. In the lack of online facility, the Golden Card holders can’t upload the relevant documents online to avail benefit under the health strategy.
Voices from inside the country say it all. “Dear client,” reads the home page of a website run by Kashmir Box, an start-up that buys traditional handicrafts like pashmina shawls and pottery from local artisans and sells them online,”As you must be aware by now, Jammu & Kashmir is going through a tricky period. All communication such as mobile, phone, the internet was barred because the 5th of August 2019 and people motion is restricted.”
We are helpless in this situation. But we’d like to guarantee you that the orders received will be processed after the situation gets better. Presently, we’re not going to be able to answer to any question or give you any sort of advice as our systems are inoperable. All issues would be taken care of when internet is revived from the Valley,” it adds before pleading,”Keep us in your mind.”
A similar notice put up from the Kashmir Online Store on its own website reads:”we can not process any new or old order.we would like you to understand our situation.”
Besides online businesses, net stoppage has badly hit money flow in the Valley as ATMs and e-commerce payment services-which rely on web for each transaction-remain closed.
The internet blackout has fully paralysed the Kashmiri media. The digital press in the Valley looks dead or appears to be in hibernation.
Questioning the transfer, many guests and tourist operators have been wondering regarding who would love to see Kashmir amid a communication blockade.
Authentic, Jammu and Kashmir isn’t unfamiliar with the current situation. As stated by the Delhi-based Software Freedom Law Centre (SFLC) – a legal services organisation, which tracks incidents of web shutdowns in the nation – the world wide web was obstructed in parts of J&K as much as 54 times this year.
The Kashmir Valley observed the longest internet blackout in the nation at 2016 following angry protests over the killing of Hizbul militant Burhan Wani about July 8 of that year. At that time, while cellular internet services on post-paid mobile numbers were restored on November 19, cellular internet services for prepaid users were resumed only in January 2017.
“While discerning bans on net access – which means accessibility to favorite communication and social media platforms like WhatsApp, Facebook, Twitter and YouTube – have been imposed through regulation and order situations in the past, blanket internet shutdowns are greatly evidenced by the State since selective bans are relatively easy to circumvent using workarounds such as Virtual Private Networks and proxy servers,” according to’Living in Digital Darkness-a handbook on Web Shutdowns in India’ released by SFLC.
According to the continuing online blackout in Kashmir, the executive manager of SFLC, Sundar Krishnan, stated,”We have seen such a clampdown for the first time. It is unprecedented. It has turned people into uncertainty and a fear situation. It’s bound to require a gigantic social and economic toll.”
It has to be determined as to what would be the goals of communications blackout and if those objectives were fulfilled or not, he emphasized.
Asserting that”net is a part and parcel of day to day life,” Krishnan mentioned,”On the one hand we speak about Digital India and connecting people and about the flip side, we closed down internet access. Despite the worst scenarios, if at all internet shutdown needs to be relegated to, even due process of law has to be followed apart from proportionality and necessity. Otherwise, internet shutdown shouldn’t be resorted to at all”
Paradoxically , the Jammu and Kashmir authorities rolled-out an e-procurement policy amid the ongoing internet shutdown on September 24, directing all the departments to prepare annual procurement plan and upload it on their various websites before January next year.
Seeking immediate relaxation of constraints on the internet and telecommunication services and about the movement of media persons, Anuradha Bhasin, the Jammu-based executive director of Kashmir Times, had approached the Supreme Court on August 10.
The best court on October 1 allowed the government 28 days’ period to answer each of petitions demanding the government’s Article 370 move and one week to the petitioners to record their responses following the government’s answer. The petitions will again be heard on November 14.
Incidentally, India leads the world in the amount of internet shutdowns, together with over 100 reported incidents in 2018 alone, according to a report titled’Freedom on the Net’ with a US think tank.” But, SFLC puts the number at 121 as of October 10, 2018.
Kejriwal denied clearance from MEA to attend climate meet in Denmark.
Delhi Chief Minister Arvind Kejriwal won’t be able to attend the C-40 Climate Summit in Denmark as the Ministry of External Affairs refused governmental clearance to his trip, said official sources on Tuesday.
Even the Delhi government sources said the chief minister was scheduled to depart for the summit at Copenhagen, Denmark, at 2 pm Tuesday, but could not take the flight because the MEA denied him the political clearance to attend the assembly.
In addition, he wondered why the Centre had been”so much” angry with all the AAP government.
Kejriwal was to lead an eight-member delegation to its summit, slated to start on October 9 and end on October 12.
“Kejriwal was not going on a holiday but to inform the world just how Delhi was able to reduce its air pollution by over 25 per cent through its tactics such as odd-even,” Singh told reporters.
Singh said the Centre’s choice will”affect India’s picture on the global stage and send a wrong message from the international community”.
“What’s the people think about just how our federal structure works. Why is there a lot of anger from the Centre?” That the Aam Aadmi Party’s (AAP) Rajya Sabha MP said.
In response to media query finished Kejriwal’s proposed visit to Denmark, the MEA last week had stated a decision on the problem is taken according to several inputs.
“I don’t answer question specific to political clearance. And if you realize how it functions, we receive hundreds of requests for governmental clearances every month by ministries, secretaries, bureaucrats. A choice is based on several inputs,” MEA spokesperson Raveesh Kumar’d stated.
“Some of the inputs we get from the mission and it takes into account the nature of the event where the man or woman will participate. It considers the amount of involvement from different nations and also the kind of invitation that is extended,” he’d added.
In an official statement on September 22the Delhi government had stated the chief minister had been expected to speak at the Summit on his government’s experience in reducing atmosphere pollution from town and present the group of initiatives taken by the AAP dispensation that led to the 25 percent decrease in air pollution.
Kashmir’s rich apple harvest comes as suddenly sweet news for Indian authorities.
New Delhi: Kashmir’s apple harvest is anticipated to match generation in 2017-2018, state figures released this week from the Jammu and Kashmir government’s horticulture division – belying fears that anger against the Centre’s decision to terminate the nation’s special status, as well as labour shortages and violence, were forcing farmers to leave their fruit harvest, valued at Rs 1,200 crore, to rot.
The government estimates the fruit harvest will put around 1,956,331 metric tonnes in 2018-2019 – like the 1,973,326 mt recorded in 2017-2018.
Statistics on petroleum production prepared by the authorities, police sources said, appeared in line with traffic throughout the Lakhanpur excise barrier – that the major purpose of entrance and exit for industrial traffic in and out of Jammu and Kashmir.
Thursday, government sources saw over 2,300 fruit trucks cross Lakhanpur, headed for economies at New Delhi and farther south. Between between 1,200 and 1,400 fruit trucks have passed through Lakhanpur every night that this fortnight, figures similar to previous years.
Apples are, as usual, expected to compose the overwhelming majority of the season’s fruit production, together with the government estimating creation at 1,851,723 mt, slightly lower compared to 1,860,463 mt recorded in 2017-2018.
The strong apple harvest is uncommon great news to the Union authorities, whose decision to de-operationalise Jammu and Kashmir’s unique constitutional status sparked a backlash which has led to educational institutions being closed since August, and crippled the tourism industry, with several leading resorts downing shutters.
In addition, the government has also faced sharp criticism from significant political forces in strategic allies such as the United States, also there have been reports of large-scale infiltration across the Line of Control, igniting fears of a sharp escalation in violence emerge spring.
The apple production amounts, some in the government consider, would be the first sign compared to the worm is turning. Less than a fortnight ago, one important international newspaper reported ‘Kashmir’s apple harvest turns sour with anger and fear’, one major international paper had reported last month, stating anxiety had”abandoned fruit trees across the state bent with ripe, unpicked apples”.
Fruit yields in Kashmir, however, have generally shown resilient against political battle, government figures reveal. In 2016-2017, once the area was ripped apart by violent protests after the killing of jihadist Burhan Wani, Kashmir generated 1,780,561 mt of fruit, such as 1,688,413 mt of apples, say government figures show.
That figure marked a 10 percent decrease from 2015-2016, when Kashmir’s fruit orchards afforded 1,973,326 mt – 1,860,463 mt of which comprised apples.
On the other hand, the strong yields in 2016-2017 demonstrated that farmers were able to find a way to work around huge swathes of rural Kashmir being cut by Islamist-led protestors, and migrant agricultural workers inhabiting the area.
“The summer of 2016 also saw bad weather conditions for petroleum production,” a senior government official noted,”so the dip in manufacturing in 2016-2017 might have had to do with the climate than political conditions.”
Local newspaper reports reveal several apple-growing areas were hit by hail – devastating for fruit even as the harvest ripened in May 2016, together with orchards in central and southern Kashmir.
Inside a year though, the 2017-2018 data shows, levels of production had recovered into their own 2015-2016 levels – statistics that demonstrate growers had the confidence to put money into production despite disturbed security and political requirements.
Long-term investments are necessary, however, to fasten the Kashmir fruit sector’s prospects, says businessman Khurram Shafi Mir, who has been employed to present sterile, high-yielding varieties that are more immune to climate impacts and pests. “There’s a good deal of potential ,” Mir says,”but the political problem and the company climate have worked against it.”
Following Wani’s killing by the Jammu and Kashmir Police in 2016, dinosaurs had turned their rage about Mir’s experimental orchards close to the village of Bamdoora, stripping workers’ huts and uprooting saplings. He has, however, persisted.
The Manmohan Singh government succeeded in implementing a number of the task force’s recommendations, especially by increasing the number of cold-storage facilities offered in Kashmir, thus insulating farmers against supply-chain issues. However, little progress was made in executing other important recommendations of the task force, notably expanding fruit-processing industries to pick low-grade apples, along with the lack of an institutional arrangement for credit and inputs which piled the terms of trade in favour of commission representatives in the Azadpur wholesale marketplace in New Delhi.
This season, the National Agricultural Cooperative Marketing Federation of India was for the very first time involved with large-scale apple procurement, in a bid to guarantee a reasonable floor cost for the apple harvest.
Kashmir’s rich apple harvest comes as suddenly sweet news for Indian government.
India shreds Pakistan to get ‘weaponising’ women’s rights issues in UN
United Nations: India has slammed Pakistan to get “weaponising” women’s rights issues due to self-serving political earnings in Jammu and Kashmir, saying it is ironic that a country where violations of women’s right to existence in the name of “honor” go unpunished, is making”baseless” statements about it in India.
First Secretary in India’s Permanent Mission to the UN Paulomi Tripathi through the UN General Assembly Third Committee semester on’Advancement of Women’ on Monday asserted that from the first lady President of the General Assembly Vijaya Lakshmi Pandit to women scientists in the Indian Space Research Organisation, Indian women have long served as inspiration for most.
“As we renew our collective resolve to continue to focus on the realisation of women’s empowerment and gender equality, so there’s no area for weaponising women’s rights issues throughout empty rhetoric to get self-serving political benefits. Today, 1 delegation has callously selected to politicise this agenda by creating unwarranted references to internal issues of my country,” she explained at the Committee.
Tripathi did not directly name Pakistan, but was reacting to references created to Jammu and Kashmir by Islamabad’s outgoing envoy to the UN Maleeha Lodhi.
Lodhi had alluded to a picture of a Kashmiri mum that appeared on the front page of The New York Times together with an article about how the mom missing her son, that was bitten by a snake, since she couldn’t find medical help punctually.
Without naming Pakistan, Tripathi said that the country covets the territory of the others and camouflages its”vile aims with fake concerns”.
“It’s ironic that a country, where violations of women’s right to life in the name of so-called’honour’ go awry, is making baseless statements concerning women’s rights in my country,” she explained.
Tripathi said the worldwide community remembered that the”armed forces of this country” perpetrated dreadful sexual assault against women with impunity, at India’s immediate area in 1971.
“We hear accounts of these gruesome offenses at the annual high-level general debate. We do not wish to participate further with this issue with a delegation with such credibility,” Tripathi said, stressing the valuable time of the UN General Assembly Committee be better utilised to deliberate on the agenda before it.
She said that despite significant progress made towards gender equality, women and girls around the globe continue to face restrictions to gain education, employment and political participation.
Women continue to be married as children, trafficked into forced labour and gender slavery and each day over 800 girls die from preventable causes related to childbirth and pregnancy, Tripathi said.
She informed the session which gender equality and empowerment of women were an essential part of India’s continuing development strategy and New Delhi attaches extreme value to representation of women in decision making positions.
Over 1.3 million elected women representatives lead in formulation and implementation of public policies in grassroots level in India and steps like financial inclusion, income assurance plans, cash benefit transfers, enhanced access to healthcare and education for women and girls have improved lives of countless she said.
Over 197 million women, who did not qualify to open bank accounts, currently have bank accounts via government’s fiscal inclusion initiative,” she added.
Highlighting other initiatives taken by the Indian authorities to ensure women empowerment and equality, Tripathi said’Stand Up India’ and’Mudra Yojana’ programs encourage women entrepreneurship by giving access to loans and cooking gas relations are guaranteed to over 80 million girls leading to positive effect on their wellbeing, and decreased ecological degradation from using firewood.
With a view to merging women farmers’ function, 30 per cent of the funding allocations are allowed for women in all ongoing programmes in this sector and engagements with the community health employees empower women to take informed decisions about their reproductive health and access safe contraception, she said.
New Delhi: After nine decades of probe, Delhi police’s Crime Branch has solved a mysterious murder case where in a guy was murdered and his remains were cut into pieces and spread on a massive stretch of street. Especially, the police has detained two people including the deceased’s spouse in connection with the murder case which took place in 2011.
They had executed their strategy with aid of a motorist.
Speaking to a news service one of those officials probing the situation said that following the consequences of polygraph tests in 2012, we got a key breakthrough in 2017 after conducting a mind mapping test of the accused. ‘Main accused Kamal had a relationship with Shakuntala.
In 2011, her marriage was mended with a guy named Ravi. She remained in contact with Kamal following the union.
Elaborating further, he added,’According to program, Shakuntala went to visit her sister along with her husband and invited her,” Kamal to unite them. They hailed the taxi of the driver who was part of the strategy and executed the murder during the trip.’ The accused paid a motorist Rs. 70,000.
‘The situation entirely changed in 2017 once we conducted a brain mapping test of main accused along with the driver. After confessing to murder in the brain mapping evaluation, both Kamal and Shankutla absconded from home however, Kamal was captured out of Alwar,’ he said.
After interrogation, the main accused confessed to the crime. He confessed that they originally buried the body in a pit in a building site but afterwards took it out and then pulled pieces of his body on the stretch from Alwar into Rewari, authorities said. 25 pieces of bones was also recovered from the construction site where Ravi was originally buried.