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The Asian Independent 16 Oct to 31 Oct 2019

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www.theasianindependent.co.uk<br />

ASIA<br />

<strong>16</strong>-10-<strong>2019</strong> <strong>to</strong> <strong>31</strong>-10-<strong>2019</strong><br />

5<br />

NATIONAL SHAME: HOW DID<br />

GANDHIJI COMMIT SUICIDE?<br />

A question: How did<br />

shameful than this for the<br />

Gandhiji commit suicide? was<br />

asked in Gujarat (India) <strong>to</strong> class<br />

9th students during an internal<br />

assessment exam of schools<br />

run under the banner of<br />

‘Sufalam Shala Vikas Sankul.<br />

This is a new agenda of RSS<br />

whole nation.<br />

<strong>The</strong>re is no denying the fact<br />

that India`s education system<br />

has gone <strong>to</strong> the worst hands<br />

since the BJP <strong>to</strong>ok the reign of<br />

the government. Such premediated<br />

abhorrent effort on<br />

in India. Prime Minister<br />

behalf of the BJP/RSS will lead<br />

Narendra Modi has been<br />

<strong>to</strong> disaster in the education system.<br />

singing a song of Mahatma<br />

Gandhi from early morning <strong>to</strong><br />

People of India must<br />

understand that BJP/RSS has<br />

midnight. Prime Minister<br />

nothing <strong>to</strong> do with Gandhi or<br />

Narendra Modi proudly use the<br />

Gandhism. Gandhi and<br />

name of the father of the nation<br />

at the United Nations forum <strong>to</strong><br />

win the hearts of the world<br />

leaders. This agenda of RSS<br />

Gandhism are used egregiously<br />

<strong>to</strong> establish a good rapport with<br />

the world leaders who believe<br />

that non-violence is the only<br />

aims <strong>to</strong> wash out the sins of the nation in the daylight on 30 of BJP/RSS is <strong>to</strong> confuse the method through which justice<br />

Nathuram Godse, RSS affiliate January 1948 at Birla House minds of the students from the can be achieved permanently.<br />

who assassinated the father of (now Gandhi Smriti). <strong>The</strong> idea beginning. Nothing can be – Dr. Rahul Kumar, Ph.D.<br />

BSNL hopeful on paying salaries<br />

before DIWALI, says CMD<br />

New Delhi : State-run<br />

BSNL, facing hard times financially,<br />

is hopeful of giving<br />

salary for September <strong>to</strong> its 1.76<br />

lakh employees before Diwali,<br />

its Chairman and Managing<br />

Direc<strong>to</strong>r P.K. Purwar said on<br />

Tuesday.<br />

"We will give salary <strong>to</strong> the<br />

employees before Diwali from<br />

our own resources on accruals.<br />

We generate Rs 1,600 crore a<br />

month revenues from services,"<br />

Purwar <strong>to</strong>ld IANS.<br />

Due <strong>to</strong> a fund crunch, the<br />

BSNL has been paying salaries<br />

with a delay.<br />

Even though BSNL is generating<br />

about Rs 1,600 crore per<br />

month, this is not adequate <strong>to</strong><br />

cover the wages, since a major<br />

portion of the proceeds is<br />

Slowing economy: India's exports dip third time this year<br />

New Delhi : India's merchandise<br />

exports in September<br />

declined for the third time in<br />

the current financial year, while<br />

imports dropped for the fourth<br />

consecutive month, signaling<br />

that rising protectionism and<br />

continuing trade tensions<br />

between the US and China<br />

along with the spectre of a<br />

global slowdown are impacting<br />

India's trade prospects as well.<br />

Data released by the<br />

Commerce Ministry showed<br />

India's merchandise exports<br />

declined 6.57 per cent <strong>to</strong> $26.03<br />

billion in September <strong>2019</strong> from<br />

$27.87 billion in September<br />

2018 while imports in the<br />

month dropped 13.85 per cent<br />

<strong>to</strong> $36.89 billion from $42.82<br />

billion in September 2018.<br />

Despite the overall sluggish<br />

export performance, sec<strong>to</strong>rs<br />

such as electronic goods,<br />

spices, minerals and ores,<br />

required for operational<br />

expenses and statu<strong>to</strong>ry payments,<br />

sources said adding the<br />

PSU has been trying <strong>to</strong> raise<br />

funds from bank through government<br />

guarantees which it is<br />

yet <strong>to</strong> get. Purwar said the<br />

response he has got from the<br />

ceramic products, drug and<br />

pharmaceuticals recorded positive<br />

growth in September.<br />

Shipments of gems and jewellery,<br />

engineering goods,<br />

petroleum products, handloom<br />

and leather goods, cereals,<br />

meat and dairy products<br />

recorded negative growth,<br />

according <strong>to</strong> the data.<br />

"Declining trend in exports<br />

does not augur well for the<br />

overall growth of the economy.<br />

Escalating trade tensions that<br />

have unsettled the slowing<br />

world economy have also led<br />

WTO <strong>to</strong> sharply cut their trade<br />

forecasts for both <strong>2019</strong> and<br />

2020 <strong>to</strong> 1.2 and 2.7 respectively.<br />

<strong>The</strong> downside risks still<br />

remain high in the global economy<br />

and the projection for<br />

2020 depends on a return <strong>to</strong><br />

more normal trade relations,"<br />

said FIEO President Sharad<br />

Kumar Saraf. <strong>The</strong> problem for<br />

government is that the PSU's<br />

revival package in terms on 4G<br />

spectrum and VRS are on priority<br />

list.<br />

But in the overall structure<br />

of government which has many<br />

responsibilities, things do take<br />

time. BSNL's per month salary<br />

India's exports has assumed<br />

serious proportions as only<br />

eight out of 30 major product<br />

groups showed positive growth<br />

in September <strong>2019</strong>. All major<br />

sec<strong>to</strong>rs including almost all<br />

labour-intensive sec<strong>to</strong>r of<br />

exports besides petroleum were<br />

in the negative, showing such a<br />

pay-out is Rs 850 crore. <strong>The</strong><br />

PSU has <strong>to</strong> also clear vendors<br />

dues from its internal accruals.<br />

<strong>The</strong> BSNL posted a net loss<br />

of provisional loss of Rs 13,804<br />

crore in FY19. <strong>The</strong> induction of<br />

4G spectrum and VRS <strong>to</strong> cut its<br />

huge workforce can lessen its<br />

financial woes, it says.<br />

<strong>The</strong> Finance Ministry, which<br />

is currently looking in<strong>to</strong> the<br />

Department of Telecom's Rs<br />

50,000 crore revival package<br />

for BSNL and MTNL, is<br />

reserved on capital infusion in<br />

the ailing PSUs due <strong>to</strong> their<br />

continuing losses over the last<br />

10 years.<br />

A panel headed by Home<br />

Minister Amit Shah is however<br />

in favour of capital infusion<br />

and so is the PMO.<br />

decelerating trend. "Exports<br />

continue <strong>to</strong> remain amongst the<br />

weakest links of the economy.<br />

<strong>The</strong> situation is aggravated by<br />

worsening global trade, making<br />

it essential for the government<br />

<strong>to</strong> intervene effectively <strong>to</strong> make<br />

Indian exports competitive.<br />

Rising raw material prices and<br />

'89% workers in India<br />

would trust robot<br />

more than manager'<br />

San Francisco : Workers in<br />

India are the most excited about<br />

Artificial Intelligence (AI) with<br />

89 per cent of them appearing<br />

<strong>to</strong> be more trusting of robots<br />

over their managers, says a new<br />

study.<br />

AI is becoming more prominent<br />

with 50 per cent of workers<br />

currently using some form<br />

of AI at work compared <strong>to</strong> only<br />

32 per cent last year, according<br />

<strong>to</strong> the study conducted by leading<br />

Cloud service provider<br />

Oracle and research firm Future<br />

Workplace.<br />

Workers in India (89 per<br />

cent) and China (88 per cent)<br />

are more trusting of robots over<br />

their managers, followed by<br />

Singapore (83 per cent), Brazil<br />

(78 per cent), Japan (76 per<br />

cent), UAE (74 per cent),<br />

Australia/New Zealand (58 per<br />

cent), France (56 per cent), the<br />

US (57 per cent) and the UK<br />

(54 per cent), said the "AI at<br />

Work" study. "With technology<br />

adding great value <strong>to</strong> all organisational<br />

functions, people are<br />

lack of low cost credit need <strong>to</strong><br />

be tackled," said EEPC India<br />

Chairman Ravi Sehgal.<br />

As per the Commerce<br />

Ministry data, amidst the sluggish<br />

trade performance in the<br />

month of September, the country's<br />

trade deficit shrunk during<br />

the month under review <strong>to</strong><br />

$10.86 billion dollars from<br />

$14.95 billion in the year ago<br />

period. <strong>The</strong> drop has largely<br />

been on account of sharp fall in<br />

imports relative <strong>to</strong> exports.<br />

Imports during September<br />

showed negative growth in<br />

almost all major sec<strong>to</strong>rs including<br />

coal, petroleum products,<br />

crude precious and semi-precious<br />

s<strong>to</strong>nes, chemicals and<br />

electronic goods. Oil imports in<br />

September were $8.98 billion,<br />

which was 18.33 per cent lower,<br />

compared <strong>to</strong> $10.99 bn in corresponding<br />

period last year.<br />

<strong>The</strong> third monthly fall in<br />

excited about increasingly<br />

leveraging technologies like AI<br />

in HR," Shaakun Khanna, Head<br />

of Human Capital Management<br />

(HCM) Applications, Asia<br />

Pacific, Oracle, said in a statement.<br />

"<strong>The</strong> study also highlights<br />

another aspect that with technology<br />

taking care of transactional<br />

activities, leaders and<br />

managers need <strong>to</strong> bring more<br />

strategic value <strong>to</strong> management<br />

and use more of their soft skills<br />

with people," Khanna said.<br />

<strong>The</strong> study of 8,370 employees,<br />

managers and HR leaders<br />

across 10 countries, found that<br />

AI has changed the relationship<br />

between people and technology<br />

at work and is reshaping the<br />

role HR teams and managers<br />

need <strong>to</strong> play in attracting,<br />

retaining and developing talent.<br />

Workers in China (77 per<br />

cent) and India (78 per cent)<br />

have adopted AI over 2X more<br />

than those in France (32 per<br />

cent) and Japan (29 per cent),<br />

the results showed.<br />

exports this year (FY20) has<br />

meant that cumulative value of<br />

exports for the period April-<br />

September <strong>2019</strong>-20 also fell by<br />

2.39 per cent <strong>to</strong> $159.57 billion<br />

as against $<strong>16</strong>3.48 billion during<br />

April-September 2018-19.<br />

<strong>The</strong> fall in exports for India<br />

has come at a time when Indian<br />

economy has slowed <strong>to</strong> 5 per<br />

cent level in the first quarter of<br />

FY20 and indications are that it<br />

will fall further despite government<br />

efforts <strong>to</strong> pump prime the<br />

economy through a series of<br />

stimulus measures. All major<br />

global institutions have brought<br />

down India's growth projections.<br />

What is more worrisome<br />

that even the world economy is<br />

slowing down. <strong>The</strong> latest IMF<br />

projections put world <strong>to</strong> grow<br />

at 3 per cent in <strong>2019</strong> lower<br />

from its earlier projection of<br />

3.2 per cent and a lot lower that<br />

2018 growth of 3.6 per cent.

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