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Zhang Dejiang pays tributes to Mahatma Gandhi at Rajghat

Monday, June 15th, 2015

China's Chairman of the Standing Committee of the National People's Congress Zhang Dejiang on Monday paid tributes to Mahatma Gandhi at Rajghat.

Zhang, who arrived in New Delhi late on Sunday night, had earlier met Maharashtra Governor C Vidyasagar Rao and stressed upon strengthening cooperation between the Parliaments and provincial legislatures of India and China.

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India's growth expected to surpass China's: UN report

Friday, May 29th, 2015

A United Nations report has stated that India's economic growth is likely to surpass that of China with GDP growth expected to touch 7.7 percent in 2016.

The report states that Chinese economy is expected to grow by seven percent this year and 6.8 percent next year.

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Now, software that will provide 'world-class' security to small businesses

Tuesday, April 28th, 2015

Now, a software will provide world-class protection to businesses with fewer than 25 employees, without the need for specialist IT skills, making it easier to focus valuable resources on running and developing the business while keeping operations, customer's and employee's data secure.

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Front row seats of a different kind: Abacus integrates City Discovery

Monday, April 27th, 2015

 

“All our ground products have been independently reviewed by travellers of varied tastes and so we know we can cater to the range of demand Abacus can channel from all around the region,” added Wladimir Guez, City Discovery Co-Founder and Vice President. “This is a huge opportunity for City Discovery and we look forward to fulfilling every reservation made through Abacus Content Plus.”Abacus travel agents can sell City Discovery products independently, or tie them into a custom itineraryas part of a complete personalized package, with flights, accommodation, car rental, transfers and more. Easy to align and track, Abacus Content Plus automatically creates a consolidated super-PNR. In beta testing now, Abacus Content Plus will be free to use as one of the 60 downloadable Abacus Red Apps that integrate with leading B2B workflow solution, Abacus WorkSpace.

PM Modi, PM Harper remember Komagata Maru incident

Friday, April 17th, 2015

 

modi

Indian Prime minister

Prime Minister Narendra Modi on Thursday bowed in remembrance to the 1914 Komagata Maru incident, where hundreds of Sikh passengers were not allowed to alight on Canadian soil due to their Asian origin.

67pc employees would have affairs with bosses for promotions

Saturday, April 5th, 2014

A new study has revealed that 67 percent of the employees have an affair with their bosses to get ahead at work.

According to a survey by dating site Victoria Milan, 42 percent of participants said they have already had an affair with a co-worker or a boss, while 81 percent said they have at least "fooled around", Huffington Post reported.

Women tend to avoid applying forjobs that are "male-sounding"

Saturday, April 5th, 2014

A new study has revealed that women tend to avoid applying forjobs that are "male-sounding".According to the study by Technische Universitat Munchen, women also feel less inclined to respond to ads containing frequently used words like "determined" and "assertive", as such words are linked with male stereotypes.

The study found that if job advertising described a large number of traits associated with men, the women found it less appealing and were less inclined to apply.

China encouraged to focus on visa facilitation to drive up International visitors

Saturday, March 1st, 2014

Travel & Tourism creates more jobs and contributes more to China's economy than industries including automotive manufacturing and banking
Improving visa access and visa processes for China is the key to opening the country's doors to more International visitors. That is according to the CEO and President of WTTC, David Scowsill, who is unveiling research today which underlines the significant role which Travel & Tourism is playing in driving China's economy.

United Nations launches 2014 online courses on Finance, Trade, and Intellectual Property

Saturday, March 1st, 2014

United Nations launches 2014 online courses on Finance, Trade, and Intellectual Property As the demand from Sub-Saharan African countries for online training steadily grows, the number of online courses has increased by 390% over the past 5 years GENEVA, Switzerland,March 1, 2014/ -- The United Nations Institute for Training and Research (UNITAR) (http://www.unitar.org) has just launched the 2014 edition of the online training courses in financial management, international trade and intellectual property.

US COngress

US Congress should push through the TPP deal

Monday, June 15th, 2015

The Trans-Pacific Partnership is long overdue. The TPP is expected to be highly beneficial for the US and its partners, providing opportunities in the international open market especially in the fastest-growing economies of the Asia-Pacific region. Given the weakened state of the US and global economies, this partnership will be the most vital international trade agreement in several decades, and it should expedite commerce in the Asia-Pacific region. 

 The Obama Administration has been working rather quickly to finalize the comprehensive 12-nation deal as a bipartisan effort containing Republicans’ support. The Senate approved the Trade Promotion Authority (TPA) last month with a large bipartisan vote. The TPA, known as the ‘fast-track’ authority legislation, gives the president the authorization to negotiate a deal that will only allow votes in Congress.

Conversely, Democrats in the House, followed by Minority Leader Nancy Pelosi, voted against the Trade Adjustment Assistance (TAA), a provision of the TPA. The TAA is a federal entitlement program that provides financial assistance, $450 million of annual appropriations through June 30, 2021, to American workers who may lose jobs from its partnerships’ competition.

Inidian EdCIL offers admission to International students

Monday, June 15th, 2015

EdCIL (India) Limited, a Public Sector Enterprise under Ministry of Human Resource Development, setup with the mandate of promoting Indian Education in countries abroad is  currently offering admission to international students  in Indian universities.

Insurance as a service: Software as a Service set to transform the insurance industry

Wednesday, June 10th, 2015

 Studies conducted by Ovum, the global analyst house*, reveal that the use of SaaS (software as a service) in the global insurance industry is already significant with at least a third of all insurers fully deploying or trialling SaaS currently.  Despite a significant minority of insurers remaining cautious of SaaS (for regulatory, risk and reliability reasons) there is almost universal agreement among insurance carriers that SaaS will have a significant impact on both the insurance industry and i

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In the Pink on Monkeys, Raisins, Money -- and the Flow

Monday, June 8th, 2015

What’s going on here … little furry primates, sweet rewards: is this magazine about business -- or zoos?

 Enter American Daniel Pink. He is, well, in the pink!

Enter American Daniel Pink. He is, well, in the pink! Dan started his dive into the midst of that color when he received a JD from Yale Law School. Then he held some government posts, such as chief speechwriter between 1995 to 1997 for Vice President Al Gore.

As a refreshingly idealistic author, he has penned five bestselling books about the changing world of work. These include “A Whole New Mind,” translated into 24 languages, and “To Sell is Human.” In “Drive,” Pink explains how money is not always the best bait for the employee fish, the theme of this interview.

Overall, Dan shifts us toward a -- surprising -- new world view based on his grasp of the psychology of control versus self - directed cooperation. He has the courage to slap at GE's snarling former CEO Jack Welch.

In 2013, www.Thinkers 50 selected him one of the world’s top 15 business cogitaters. He is also host and co-executive producer of “Crowd Control,” a new television series about human behavior on the National Geographic Channel


Dan gives this exclusive interview to Victor Fic Biztech’s special correspondent for politics and economics, who edited it for clarity.

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Incredible India’ Yes, the Slogan Conveys the Country’s Inner Spirit

Sunday, June 7th, 2015

India has a brand, a slogan that is so simple and yet so great, so absolutely undeniable: “Incredible India.” Not only is the “in-in” alliteration rather catchy, but it’s also no exaggeration. In fact, it may even be an understatement. Love it or hate it, there’s just no other place on earth like India in terms of the enormous diversity you see and feel everywhere – in geography, people, languages, culture, religion, well, just about everything. Indians are not so totally different from one another, however, as not to share one common bond: they’re all Indian. Even if they speak different languages, worship different deities, come from widely divergent social and economic backgrounds, even from tribal groupings in remote regions, to a foreigner they are more or less the same people. That’s all the more reason to wonder at “Incredible India,” the branding of an enormous country that’s bursting at the seams in terms of population, ambitions, dreams – and, yes, problems, divisions, corruption and crime. By far the world’s largest democracy, India is full of all the political infighting, public and private controversies, charges and counter-charges, trade-offs and payoffs, loud talking and backstabbing that goes with any democratic system. The problems are multiplied in India by its immense population, more than 1.2 billion and growing at a rate that means the number of people living in India in a few years will surpass that of the Chinese.

Those parallels make India a fascinating place to visit for a look at a country to which visitors are sure to receive a warm welcome, at least initially. Business people, however, may find India “incredible” for reasons that are less than complimentary as they find themselves wading through mountains of red tape in order to export their products or invest profitably in their own companies. “In the Western media, we see comments to the effect that the shining era of India following China as an emerging economy is over and it is back to the old India,” writes Masanori Kondo in a paper presented at a seminar at the International House of Japan in Tokyo on “contemporary India for business persons”. However, he sees “the deterioration of diplomatic relations between Japan and China” as definitely one reason for Japanese companies to look seriously at India. Among factors contributing to success, he advises, “are a corporation’s relationship of trust with Indian partners, levels of communication between Indian workers and Japanese expatriates, establishment of local networks and understanding of the local politics, society and culture.”

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Future of Indian-South Korean relations after Prime Minister Modi’s recent visit

Saturday, June 6th, 2015

As the relationship between India and South Korea has been substantially growing both economically and strategically, it is of greater importance to manage security issues pertaining to both countries, particularly considering that India is a rising Asia-Pacific power

Prime Minister Modi’s recent trip to Korea was heavily tilted towards improving economic engagement with Korea. It is indeed vital to continue strengthening the business relationship, yet it is more important to address international security matters which face both countries, predominantly for subtle business transactions and for the global peace in South and East Asia. Similarly South Korea perhaps should pay more attention to India’s security conflicts with the neighboring countries as President Park Geun-Hye is seeking to establish a manufacturing hub in India in order to explore better opportunities to export to Arab countries. In fact, India has the human  capital to support Korean plans.

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First International Day of Yoga (IDY) in the Republic of Korea on 21 June 2015.

Friday, June 5th, 2015

Yoga is a 5,000-year-old physical, mental and spiritual practice having its origin in India, which Aims to transform both body and mind. On December 11 in 2014, the United Nations General Assembly declared June 21 as the International Day of Yoga. The declaration came after the call for the adoption of 21 June as International Day of Yoga by Indian Prime Minister, Narendra Modi during his address to UN General Assembly on September 27, 2014 wherein he stated: "Yoga is an invaluable gift of India's ancient tradition. It embodies unity of mind and body; thought and action; restraint and fulfilment; harmony between man and nature; a holistic approach to health and well-being. It is not about exercise but to discover the sense of oneness with yourself, the world and the nature." In Suggesting June 21, which is the Summer Solstice, as the International Day of Yoga, Narendra Modi had said, "the date is the longest day of the year in the Northern Hemisphere and has special significance in many parts of the world." Yogi and mystic, Sadhguru notes the importance of this day in the yogic tradition: “On the day of the summer solstice, Adiyogi (the first yogi) turned south and first set his eyes on the Saptarishis or Seven Sages, who were his first disciples to carry the science of yoga to many parts of the world. It is wonderful that June 21 marks this momentous event in the history of humanity.”

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India’s Top 20 Residential Neighbourhoods

Monday, June 1st, 2015

Traditionally, the southern neighborhoods of India’s primary cities have always been the poshest and most desirable locations for HNI home buyers. Historically, these localities have housed the Who’s Who of the city. This phenomenon still continues; however, over time, other areas are competing with these legacy locations and attracting the younger nouveau riche.

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Speed of talks has increased: Parrikar on Indo-China border agreement

Friday, May 29th, 2015

 Union Defence Minister Manohar Parrikar on Tuesday said that the process for border agreement with China has been initiated, but added that it would take time to resolve the present problem.

"There are confidence-building measures which had already been initiated. The speed of talks has increased. I think a lot depends on these aspects so that we can resolve the problem. But it is not a five minute task... it will take much longer, but the exercise is on," Parrikar said in an exclusive interview with ANI.

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Indian Navy chief downplays 'white paper' release by China

Friday, May 29th, 2015

Chief of Naval Staff Admiral R.K. Dhowan on Thursday downplayed the 'white paper' released by China on Tuesday that outlines a strategy to boost Beijing's naval reach and announces plans for the construction of two light houses in disputed waters, developments which are likely to escalate tensions in a region already jittery about Chinese maritime ambitions.
The naval chief replying to the question of China's perceived threat in the Indian Ocean region said "It is natural for any navy to have its plans which cover a spectrum of their entire operations, so it isormal activity for any white paper of any navy," said Admiral Dhowan.
In a policy document issued by the State Council, the Communist-ruled country's cabinet, China had vowed to increase its "open seas protection", switching from air defence to both offence and defence,nd criticised neighbours who take "provocative actions" on its reefs and islands
On the issue of coastal security, the navy chief explained the action being taken since the Indian navy was given the charge as the lead agency in coordination of coastal security in 2008.
"Setting up of 46 coastal radar stations, 74 automatic identification systems, induction of our fast and scepter class and leveraging of technology with patrols that are carried out by the navy and the coast guard. Our ships, UAV's and aircraft keep the complete surveillance under patrol," added Admiral Dhowan.

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Prime minister Modi ’s visit to Korea heavily tilted towards business

Sunday, May 17th, 2015

Indian Prime Minister Modi's maiden trip to South Korea as is scheduled for May 18-19, after  his visit to China and Mongolia.

From all the available sources in the public domain, it is becoming more and more clear our Prime Minister’s visit to Seoul will focus on economic and business promotion. If advance visits of Indian official to Seoul in recent weeks are any indication Strategic and security issues are not expected to get much attention and mostly likely put on the back burner.

It is hoped that the Prime Minister's May tour to these three countries might attract as much as $10 billion in financial assistance for his pet projects: Smart Cities, Digital India and Swachh Bharat Abhiyan.

South Korea has shown significant interest in these projects. Advance teams are currently negotiating terms and conditions for the infrastructure development package, which will be funded by South Korea's Export Import Bank. Sources have indicated that most of the assistance would be provided on a long-term basis at reasonable interest rates.

South Koreans have also shown great interest in his “Make in India” campaign. Indian delagates are said to be persuading big South Korean businesses to invest in India, and the Indian government is hinting that more infrastructure sectors could be covered following the bilateral negotiations to make the deal more attractive to South Koreans.

The Prime Minister is especially interested in developing closer ties with the shipbuilding industry, in particular those companies open to building ships in India. Knowing well that South Korea is a world leader in LNG transportation vessels, he has been encouraging India's private as well as state-run players to develop relations with Korea’s top shipbuilders such as Hyundai Heavy Industries, Daewoo, Samsung, STX, Hanjin, Sundong and Hyundai Samho; and looking into the possibility of making a ship in India for LNG imports. If a deal comes through this might be seen as one of the concrete outcomes of the visit.

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Emerging Strategic Convergence Between India and Korea

Thursday, May 7th, 2015

Strategic balance in East Asia is changing. In this new strategic equilibrium Korea and India are being forced to evolve new policy alternatives to protect their national interests. Fundamental questions are bothering both countries. How do they to keep peace and stability during this transition period in a region full of historical animosities and boundary, ethnic and economic disputes? How best can two middle powers like India and Korea serve, protect, and promote their national interests?

India and Korea, two of the most successful democracies in Asia, are natural partners. India and Korea have lot to gain if they work together. Today, both are significant middle powers with strong economies and are already playing an established role in e international institutions. Both as democracies have a strong interests in the rule of international law establishing regional order. Their joining of hands presents a new paradigm shift in international relations: two new rising Asian powers building their collaborative identity, and crafting a new role for themselves to protect and promote their own vision, instead of blindly following the polices of traditional super powers. Together they have the potential to forge a third way, not only for themselves but all other fellow smaller countries facing the same choice in the region.

It is becoming abundantly cleaR in this fast interconnected Asia, any disruption of hostilities anywhere in the region will have adverse impact all over Asia and beyond. Given the fact that Korea, as the 9th largest trading nation, is strongly connected to the world economy, any war (nuclear or non-nuclear) on the Korean peninsula could have a devastating effect not only on the Korean economy, but also on Indian and Asian and world economies at large. Peace on the Korean peninsula is of paramount importance for continued prosperity of the region. So far, India’s involvement in peace building there has been very minimal. Given the changing strategic imperatives on the regional stage, there is room for India’ to play a bigger role in peace building and the nuclear non – proliferation process here.

Indian Defence Minister, Manohar Parrikar's maiden visit to Korea last month was a great opportunity to explore the Korean model of indigenization of the defense industry which India is also trying to follow with its own program under the new Indian prime minister's “make in India” initiative. According to a rough estimate, India is expected to procure arms worth US$230 billion in next ten years under its defense modernization programs. Given the advance stage of indigenization of the Korean defense industry, Korean companies are in a very advantageous position for setting up shop in India and producing defense related equipment for the Indian armed forces.

Already some promising signs are emerging in defense cooperation. The Indian navy is planning to procure six new minesweepers. The Korean minesweeper, considered to be one of the best in its class, is expected to be built at the Goa Shipyard with possible assistance from Korea. Recently some renowned Korean firms have also joined in multiple ventures adding new artillery guns for the Indian army. To take this relationship to next level, both sides are said to be keen on a trilateral engagement with USA similar to what India has with Japan. Possibilities of increasing the exchanges of personnel and more joint exercises are being discussed.

However, for India and Korea to take their defense partnership to its fullest potential, it is imperative that they realign their strategic priorities and objectives in accordance with each other’s strategic needs. It is only after this that they will be able to build requited confidence and the trust level necessary for any kind of defense cooperation. Only economic logic can take the relationship thus far.


For example despite the rhetoric-heavy pitch, India has taken minimal positions on important issues facing Korea, i.e. Korean unification and nuclear proliferation on Korean peninsula. India is an important and influential country in Asia. Impressions though in Korea and East Asia is that India is not doing enough to promote Korean unification and merely doing lip service to a cause which is of paramount importance to the Korean people. India needs to throw its full weight behind Korean unification, nuclear non- proliferation, and conflict resolution on Korean peninsula, Without a doubt a united, nuclear weapon free, prosperous, and powerful Korea, that is able to defend its way of life on the eastern planks of China is in India’s best interest.

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On Epictetus and Tin Cups: How the ‘Hanoi Hilton’ POWS Won Their War

Saturday, April 25th, 2015

“Be careful to leave your sons well instructed rather than rich, for the hopes of the instructed are better than the wealth of the ignorant.” Epictetus

When naval aviator James Bond Stockdale became a ‘guest’ in the Hanoi Hilton, his vital leadership helped his men to survive. His son James Stockdale Jr. recalls his father’s sterling character. Then Taylor Kiland  author of ‘Lessons from the Hanoi Hilton,’ distills the lessons in this exclusive, unique interview to Victor Fic, Biztech’s special correspondent for business and politics.

** Jim your father was smart enough to attend Stanford to study...what?

He took his MA through the navy at Stanford and was a life - long learner. He finished in political science focusing on Taiwan in the Sino – Soviet dispute. He wandered across the Stanford quad to the philosophy department. By fate, he met a phenomenally well regarded philosopher named Philip Rhinelander. He took a shine to my father and tutored him. Rhinelander gave him the 'Enchiridion' by Epictetus. It was a manual for soldiers.

** How did your dad go from focusing his eyes on the books to looking through a site for communist targets to bomb?

Dad served as commander of a flight squadron and became a carrier air group commander for all the planes on the USS Oriskany.

** But North Vietnamese anti – aircraft fire grounded him....

Flying an A – 4 Skyhawk, he came in for the primary target, the Thanh Hoa bridge south of Hanoi. But it was shrouded in fog. The secondary target, railway box cars, was a milk run. He knew the position of the anti – aircraft guns but the North Vietnamese installed a new one. His plane was shattered by an anti – aircraft gun on a hill. Dad tried to get to the sea because there is more chance to be rescued there. He came down in the little village of Thanh Hoa. It was September 9, 1965. It was two days before sailing for liberty leave in Hong Kong.

** Did he dub the prison the Hanoi Hilton?

That sarcastic name came from Bob Schumaker, the second man shot down and imprisoned there. He became a rear admiral. It is called Hoa Lo in Vietnamese -- fiery furnace. Originally, the grounds were for making pottery so it had a hot kiln. Dad was tortured several times. He considered it his duty to put himself first in line. He was ‘in the ropes’ several times. The Vietnamese tied your wrists and then pulled the rope higher to dislocate your joints. He suffered week long sessions intermixed with severe beatings.

Defense minister's visit

Visit of Indian Defence Minister to the Republic of Korea April 15-18 2015

Monday, April 20th, 2015

On the first day of his official visit to Seoul, Defence Minister Shri Manohar Parrikar began the day at a solemn ceremony to pay homage to martyrs of Korea’s independence movement and the Korean War at the National Cemetery. He also recalled the role of the Indian Army in providing medical assistance andrepatriation of prisoners during the War.Later in the day, Defence Minister visited Korea’s ninth largest corporation, Hanwha. In its 63 year history,this firm has become a Korean leader in ordnance, fuzes, precision guided systems, sensors and aerospace.In the detailed site visit facilitated by Hanwha President Shim, RM invited Hanwha to participate in the Make in India programme, taking into account the enormous opportunities for mutually beneficial business.

Later in the evening, in Seoul, Shri Manohar Parrikar addressed an India-Korea Defence Industry Forumarranged by the Embassy in association with the Indian Chamber of Commerce in Korea (ICCK). Senior representatives of 10 Indian defence firms interacted with senior representatives of the Korean DefenceAcquisition and Program Administration (DAPA), Korean Defence Industries Association, and over 15 leading Korean defence industries. Defence Minister highlighted that the defence industry in India would be likely to see $250 bn worth of business over the next decade as India modernized its defence systems and industries.After outlining the policy changes being brought forward by the Government of Prime Minister Modi to facilitate investment in the defence sector, Shri Manohar Parrikar said that the time had come for Korean defence firms to take advantage of the high brand value enjoyed by Korean-made produts in India, and to enter the defence market as partners for the long-term.

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Asia's evolving 'Great Game'

Friday, April 17th, 2015

It's difficult to say which foe bothers India the most. Chinese troops crossed India's frontiers in 1962, nipping bits of territory that they've never relinquished. Pakistan has waged three useless wars to try and recover the Indian portion of Kashmir, a Himalayan wonderland divided by a line of control since the end of British rule in 1947.

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