Genesis-July 1, 2016 Issue I PDF

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Endeavor Careers Dream Endeavor Achieve
The Genesis
July 2016 Issue I
Current Affairs
Brexit:ByebyeBritain!
India
States
World
10
Sports
12
Economy
13
Corporate
16
CyberBuzz
21
Science&Technology
22
Brexit: 3
The people of Britain voted for
a British exit, or Brexit, from
the European Union (EU) in a
historic referendum on June
23. Leave won by 52% to
48%. The referendum turnout
was 71.8%, with more than 30
million people voting. It was
the highest turnout in
People
Faces:AnilKumble
11
BusinessBiography:AlvinToffler
18
Knowledge Corners
RecentReleases:DissentingDiagnosis,ShoeDog
23
GD:TradeunionsinITcompanies
24
Ideas&Ideologies:Labourmovement
25
Doyouremember?
26
CorporateKnowledgeQuiz
29
PointCounterpoint
32
Crossword,Sudoku
33,34
Group Discussion: 29
The Tamil Nadu government
recently
ruled
that
IT
employees are also free to
form trade unions and redress
their
grievances
through
evoking the provisions of the
Industrial Disputes Act 1947.
To view the statement as
undermining the basis of the
Indian IT sectors global
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July 2016 Issue I
THE GENESIS
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Brexit: Bye-bye Britain!

Britains vote to leave the EU which implies opting out of common market and being entirely
independent in framing its immigration laws and fiscal policy is nothing short of a huge political
and economic earthquake but the impact on India is expected to be net positive
Leave camp
Brexit supporters claim that as Britain has voted to leave
the EU, it will no longer have to contribute billions of
pounds a year towards the European Unions budget.
During the campaign Eurosceptics slammed a
Confederation of British Industry report that claimed that
Brexit would cause a 100billion shock to the UK
economy. The government was also accused of doom and
gloom after predicting that a Brexit would cost
households 4,300 a year by 3030, leaving Britain worse
off for decades.
The people of Britain voted for a British exit, or Brexit,

from the European Union (EU) in a historic referendum on
June 23. Leave won by 52% to 48%. The referendum
turnout was 71.8%, with more than 30 million people
voting. It was the highest turnout in a UK-wide vote since
the 1992 general election.
The outcome has prompted jubilant celebrations among
Eurosceptics around Europe and sent shockwaves through
the global economy. After the result, the pound fell to its
lowest level since 1985 and Prime Minister David
Cameron, who wanted Britain to stay in the EU, resigned
on June 24. The next Prime Minister, who will be in place
by September 9, will decide when to tell the EU that Britain
wants to go using Article 50.
The use of Article 50 starts the timer on two years of exit
talks before the UK is expelled from the political bloc.
England voted strongly for Brexit, by 53.4% to 46.6%, as
did Wales, with Leave getting 52.5% of the vote and
Remain 47.5%. Scotland and Northern Ireland both backed
staying in the EU. Scotland backed Remain by 62% to
38%, while 55.8% in Northern Ireland voted Remain and
44.2% Leave. England, Scotland, Wales and Northern
Ireland are the four constituents of United Kingdom while
Ireland is an independent nation which is a member of the
EU.
The pound on June 24 fell to its lowest level since 1985
and emergency steps are now being taken to calm the
economic turmoil. Britain has lost its AAA credit rating.
Immigration was a big issue for anti-EU campaigners.

Eurosceptics say Brexit will allow Britain to take back
control of its borders in order to curb immigration and
increase security. Britain will no longer have to accept free
movement of people from Europe, which Brexiteers say
puts pressure on public services such as the National
Health Service (NHS) and schools.
One of the main principles of EU membership is free
movement, which means you dont need to get a visa to
go and live in another EU country. The Leave campaign
also objected to the idea of ever closer union and what
they see as moves towards the creation of a United States
of Europe.
Brexit campaigners believe that British voters have taken a
once-in-a-lifetime opportunity to restore Britains
sovereignty. Eurosceptics see EU institutions as inherently
undemocratic and argue that laws that affect the UK should
not be decided by bureaucrats in Brussels (the HQ of EU).
There is ongoing uncertainty over what will happen when
Britain leaves the EU because it has to make new trade
agreements with the rest of the world but Brexit supporters
argue that EU countries have every incentive keep trading
with the UK, which is a large importer of goods and
services.
Why did Britons choose the unknown future despite stark
warnings from their own government, world leaders and
economists that a Brexit would be extremely risky?
Euroscepticism has been a strong sentiment among
Britons. But over the past few years, nationalist sentiment
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has grown stronger in the U.K. Ordinary Britons, hit hard
by the economic crisis, feel betrayed by their political
leadership. The Conservative governments austerity
policies have further alienated these sections.
Remain camp
The Remain campaign believed that Brexit will hit the
British economy, which relies on the free movement of EU
migrant workers such as health professionals. Some
Europhiles have also said that Brexit will compromise the
UKs ability to fight cross-border crime and terrorism.
Those campaigning for Britain to stay in the EU said it gets
a big boost from membership - it makes selling things to
other EU countries easier and, they argued, the flow of
immigrants, most of whom are young and keen to work,
fuels economic growth and helps pay for public services.
Europhiles argue that the UK outside EU will now wield
less power on the international stage because it will not be
in the room when key decisions are made. There are also
fears that British workers, expats and travellers will lose
key rights currently enshrined under EU law.
Europhiles worry that foreign companies will be less likely
to invest in UK and could relocate their headquarters if
Britain loses access to the EUs single market which looks
most likely.
Corporates - with a few exceptions - tended to be in favour
of Britain staying in the EU because it makes it easier for
them to move money, people and products around the
world.
About European Union

The European Union - often known as the EU - is an
economic and political partnership involving 28 European
countries. It began after World War Two to foster
economic co-operation, with the idea that countries which
trade together are more likely to avoid going to war with
each other. No nation state has ever left the EU and Britain
will be the first one to do so. It has since grown to become
a single market allowing goods and people to move
around, basically as if the member states were one country.
The EU has its own currency, the euro, which is used by
19 of the 28 member countries, its own parliament and it
now sets rules in a wide range of areas - including on the
environment, transport, consumer rights and even things

such as mobile phone charges.
Impact on India
Human Resources
With Britain cutting off ties with the EU, it will be
desperate to find new trading partners and a source of
capital and labour. It will still need a steady inflow of
talented labour, and India fits the bill perfectly due to its
English-speaking population. With migration from
mainland Europe drying up, Britain would be able to
accommodate migration from other countries, which will
suit Indias interests.
Further, Britain is one of the most important destinations
for Indians who want to study abroad. Presently, British
universities are forced to offer subsidized rates for citizens
of the EU. With Brexit, however, the universities will no
longer be obliged to provide scholarships to EU citizens,
which will free up funds for students from other countries.
Many more Indian students may be able to get scholarships
for studying in the UK.
Indian FDI in UK
India is presently the second biggest source of FDI for
Britain. One of the main reasons for this is the historic and
cultural ties with the UK that India shares along with the
fact that the UK proved to be a gateway into the rest of
Europe. Indian companies that would set up their factories
in the UK could sell their products to the rest of Europe
under the European free market system. However, after
Brexit, it will not be as attractive a destination for Indian
FDI as before. Having said that, Britain would not want to
lose out on capital coming in from India. Thus, one can
expect Britain to try extra hard to woo Indian companies to
invest there by providing much bigger incentives in terms
of tax breaks, lesser regulation and other financial
incentives.
Trade & investments

India loses its gateway to Europe with Britains exit from
EU. This might force India to forge ties with other
countries within the EU. Netherlands is Indias top FDI
destination as of now. A Brexit could force India to build
trading partnership with other EU nations in order to access
the large EU market. This would be a good result in the
long run.
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Current Affairs: India

HAPPENINGS
IISc, 4 IITs among Asias top 50 QS Rankings: QS University Rankings: Asia 2016 a dedicated ranking
of the 350 top universities in Asia was unveiled in June. Top 5 Asian Universities: 1. National University of Singapore
2. The University of Hong Kong 3. Nanyang Technological University 4. The Hong Kong University of Science and
Technology 5. Tsinghua University. Top 5 Indian Universities: 1. IISc, Bangalore (33rd) 2. IIT-Mumbai (35th) 3. IITDelhi (36th) 4. IIT-Madras (43rd) 5. IIT-Kanpur (48th). The 10 indicators used to compile the QS University Rankings:
Asia and their weightage: academic reputation (30%), employer reputation (20%), faculty/student ratio (15%), Citations
per paper (10%) and papers per faculty (10%), Staff with a PhD (5%), Proportion of international faculty (2.5%) and
proportion of international students (2.5%), Proportion of inbound exchange students (2.5%) and proportion of outbound
exchange students (2.5%).
HRD Ministry unveils rules for foreign collaboration: The Union Minister of Human Resource Development
Ministry announced new UGC regulations for collaboration with foreign academic institutions (FEIs) in June. Indian
Universities and Colleges, having the highest grade of accreditation/ threshold accreditation, will now be able to apply to
the UGC for collaborations with Foreign Educational Institutions (FEIs). The degree will be awarded by the Indian
Educational Institutions (IEIs) alone; joint degrees are not permitted. However, the name of the collaborating FEI can be
indicated on the degree, the logo and primacy being of the Indian institution.
Govt launches Vidyanjali school volunteer programme: To boost community participation in government
schools, the Union HRD Ministry launched Vidyanjali scheme in June inviting volunteers to hold public speaking,
storytelling, play-acting sessions and participate in other co-scholastic activities for children from class I to VIII. The
activities would include reading to children, helping them with creative writing, public speaking and play acting.
South Asian University holds first convocation: The South Asian University (SAU), an initiative of the eight
South Asian countries, held its first convocation ceremony in New Delhi on June 11. In all, 652 students from five faculties
- economics, legal studies, life sciences and biotechnology, mathematics and computer science, and social sciences - from
the 2012 batch were conferred their masters degree at the event presided over by Nepals Foreign Minister Kamal Thapa.
JNU to launch courses in animal welfare studies: An agreement was signed between the Jawaharlal Nehru
University (JNU) and the National Institute of Animal Welfare (NIAW) in June to start a course on animal welfare at the
JNU with 200 students for the first year. This course will help in preparing competent manpower to man various posts in
zoos, municipalities, slaughter houses and veterinary hospitals.
AYUSH Minister releases yoga song: On the occasion of International Yoga Day celebrations on June 21,
AYUSH Minister Shripad Naik Yesso released a Yog Geet (yoga song). The three-minute-and-15-second song has been
written and produced by Deeraj Saraswat. Gandhar T D Jadhav and Gatha Jadhav have lent their voice to the song and
Sumanto Ray is the composer. Meanwhile the Union HRD Ministry has decided to setup a Yoga Department in the six
central universities during this academic year. These are: Central University in Uttarakhand, Central University in Kerala,
Central University in Manipur, and Central University in Rajasthan and Central University in Amarkantak.
Initiative on Solar for Healthcare launched: The Indian Council of Medical Research (ICMR) has signed an
MoU with the Council on Energy, Environment and Water (CEEW) in June to launch a new Initiative on Solar for
Healthcare. The collaboration will focus on providing effective health care delivery at the last mile by reducing uncertainty
in critical infrastructure, particularly electricity supply via cost effective solar-based solutions. As of 2015, nearly 35
million citizens in rural India rely on un-electrified Primary Health Centres (PHCs) for health services.
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Get your photo, logo on postage stamp for Rs 12 lakh: An individual or a corporate entity can now get their
photo or logo printed inside the postage stamp for Rs 12 lakh, the Department of Posts said in June. We have opened up
customised printing of My Stamp for individuals and corporates. Anyone can get his logo or photo printed inside the
stamp for net cost of Rs 12 lakh. There will be 5,000 sheets comprising 60,000 postage stamps, said a statement from the
Department of Posts. Earlier, India Post only allowed printing of photo or design next to postage stamp on an Rs 300 My
Stamp sheet. These stamps can be used for general postal mail.
10 coastal police stations start functioning: 10 police stations (PS) located along Indias coastline have started
functioning to register and investigate crimes committed within the countrys exclusive economic zone (EEZ). They are
Navibandar (Gujarat), Yellow Gate (Maharashtra and Daman and Diu), Harbour (Goa), Mangalore (Karnataka), Fort Kochi
(Kerala and Lakshadweep), B5 Harbour (TN and Puducherry), Gilakaladindi in Machilipatnam (AP), Paradeep (Odisha),
Nayachar (WB), and Central Crimes Station, Port Blair (Andaman and Nicobar Islands). India has a 7,517-km coastline.
The countrys territorial waters end at 12 nautical miles while the EEZ stretches to 200 nautical miles from the coast.
Tejas inducted in IAF: The Light Combat Aircraft (LCA) Tejas was inducted into No: 45 Squadron of Indian Air
Force (IAF) on July 1. No. 45 Squadron is also called the Flying Daggers. Tejas is the first advance Fly-by-wire (FBW)
fighter aircraft designed, developed and manufactured in India. Conceived as a MiG-21 replacement, the aircraft has been
designed and developed by Aeronautical Development Agency (ADA) and produced by Hindustan Aeronautics Limited
(HAL).
Defence Communication Network launched: Defence Minister Manohar Parrikar dedicated the Defence
Communication Network (DCN) to the nation New Delhi on June 30. The network provides converged voice, data and
video services to the three services based on the secured system. Information technology services, distribution and digital
solutions firm HCL Infosystems has enabled the design, development and deployment of DCN.
First batch of women fighter pilots inducted in IAF: Defence Minister Manohar Parrikar witnessed the
commissioning of the countrys first batch of women fighter pilots in the Indian Air Force (IAF) on June 18. Three women
fighter pilots - Avani Chaturvedi, Mohana Singh and Bhawna Kanth - graduated from Air Force Academy Hyderabad. The
induction of women combat pilots comes after the government approved in 2015 plans by IAF for women pilots to fly
warplanes from June 2017 on a three-year experimental basis.
Indian Navys Mhadei reaches Port Louis: Braving rough seas whipped up by the South West monsoons, Indian
navy sail boat Mhadei with an all-women crew on June 14 sailed into Port Louis in Mauritius, 20 days after it started from
Goa. This is the first open ocean voyage by an all-women crew on any vessel of the Indian navy. The 2,100 nautical miles
voyage was covered by Mhadei in 20 days. The return journey from Port Louis to Goa commenced on June 24 and is
expected to reach Goa in early July.
Trainer aircraft HTT-40 makes first flight: Indias indigenous basic trainer aircraft, Hindustan Turbo Trainer40 (HTT-40), made its inaugural flight in Bengaluru in the presence of Defence Minister Manohar Parrikar on June 17.
The two-seater aircraft has been designed and developed by the Hindustan Aeronautics Limited and is aimed at being used
for the first stage training for all flying cadets of the three services.
AWARDS
GD Birla Award for Scientific Research: the 25th GD Birla Award for Scientific Research for the year 2015
was given to IIT-Kanpur professor Sanjay Mittal in June. The award, which carries a reward of Rs 2.5 lakh, is given to
eminent Indian scientists below the age of 50 years for their original and outstanding contributions to any branch of science
or technology. The award was instituted in 1991 by the KK Birla Foundation with the objective to accord recognition to
high calibre scientific research undertaken by Indian scientists living and working in India.
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Statistics Day Award: The tenth Statistics Day was celebrated on June 29 on the theme Agriculture and Farmers
Welfare by the Ministry of Statistics and Programme Implementation. Statistics Day is celebrated every year on 29th
June to mark the birth anniversary of late Professor Prasanta Chandra Mahalanobis in recognition of his valuable
contribution in the fields of statistics and economic planning. National Award in Statistics, constituted in the Honour of
Prof. P. V. Sukhatme was conferred on Dr. T. J. Rao, former Professor Indian Statistical Institute (ISI) Kolkata for his
contribution to theoretical and applied Statistics as well as contribution to the Official Statistical System. Dr. R.B. Barman
is the Chairman, National Statistical Commission. Dr. T C A Anant is the Chief Statistician of India.
Shanghai International Film Festival: Thithi, a critically acclaimed Kannada film directed by Raam Reddy, has
bagged the top awards at the 19th Shanghai International Film Festival in June 2016. Thithi won the Best Film and Best
Script Writers in the Asia New Talent Awards at the festival. Other films nominated in the Best Film Category were One
Night Only, Hanas Miso Soup, Land of the Little People and Detective Chinatown. The script has been written by Reddy
along with Ere Gowda. Produced by Pratap Reddy and Sunmin Park, Thithi has screened in over 13 prestigious
international and national film festivals and won 15 awards.
Y. Nayudamma Gold Medal: Educationist and former Vice-Chancellor of Manipal University Professor B M Hegde
has been selected for the prestigious Dr Y. Nayudamma Gold Medal for this year. Hegde, a Padma Bhushan awardee and
cardiologist, was conferred the award during the National Seminar on Frontiers in Science and Technology being
organised by Telangana Academy of Sciences (TAS) at National Geophysical Research Institute in Hyderabad on June 23.
The award was instituted in 1986 in the memory of global leather scientist and former Director General of CSIR, Yelavarthy
Nayudamma.
UN Champions & Pioneers: Indian social entrepreneur Zubaida Bai, the founder of ayzh, was named among 10
champions and pioneers by UN Secretary General Ban Ki-moon in June. The objective behind this UN initiative is to
encourage corporates to human rights, environment and anti-corruption. Her ayzh is a for-profit social venture providing
health and livelihood solutions to impoverished women worldwide. Her companys products, such as Clean Birth Kits,
improve adherence to globally recommended best practices and reduce morbidity and mortality.
PERSONS IN NEWS
Appointments & Resignations: Former BJP MP and cricketer Chetan Chauhan, who made 2084 runs in 40 tests in
1969-81, has been appointed as the Chairman of the prestigious National Institute of Fashion Technology (NIFT) in June.
Noted journalist Aveek Sarkar resigned as Editor of The Telegraph and Anandabazar Patrika and as Chief Editor of the
ABP Group of Publications in June.
Obituaries: Eminent journalist Inder Malhotra, who was a recipient of the prestigious Ramnath Goenka Award (Lifetime
Achievement) and authored Indira Gandhi: A Personal & Political Biography (1989), passed away in New Delhi on June
11 at the age of 86. Famous Hindi novelist and critique Mudrarakshas, whose original name was Subhash Chandra, died at
the age of 82 on June 13. Neil OBrien, a pioneer of quizzing in India and former member of Lok Sabha and the West
Bengal Assembly, passed away in Kolkata on June 24 at the age of 82.
EXTERNAL RELATIONS
China: China has stonewalled Indias bid to enter the elite Nuclear Suppliers Group (NSG), insisting that to be a member
of the NSG, signing of the Nuclear Non-Proliferation Treaty (NPT) is mandatory. At the 48-member groups plenary
meeting in Seoul on June 24, the leaders took no decision on including India in the group as the members remained divided
over permitting non-NPT members. Opposition to Indias bid also came from New Zealand, Austria, Ireland and Turkey.
India has the backing of the US, the UK, France and Japan among others. Prime Minister Narendra Modis had made
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diplomatic efforts to win Chinese approval during his talks with President Xi Jinping in Tashkent during the annual summit
of the Shanghai Cooperation Organisation.
SCO: The Shanghai Cooperation Organisation (SCO) is a Eurasian political, economic, and military organisation which
was founded in 2001 in Shanghai by the leaders of China, Kazakhstan, Kyrgyzstan, Russia, Tajikistan, and Uzbekistan.
India and Pakistan signed the memorandum of obligations on June 24 at Tashkent, thereby starting the formal process of
joining the SCO as a full member. They are expected to become full members by the next meeting at Astana in 2017. The
SCO is primarily centered on its member nations Central Asian security-related concerns, often describing the main threats
it confronts as being terrorism, separatism and extremism.
Bangladesh: A consignment of 1005 tonnes of steel rods arrived in Tripura from West Bengal through Bangladesh on
June 19. This was made by the recently concluded Inland Water Transit and Trade Protocol between the two countries.
A Bangladeshi ship from Kolkata carrying 1005 tonnes of steel rods reached Ashuganj river port in Bangladesh on June
15. Bangladeshi trucks then carried the goods from Ashuganj port to Tripuras Akhaura checkpost. Kolkata-AshuganjTripura route cuts the Kolkata-Agartala distance via Siliguris chicken neck and Assam and Meghalaya from 1,600 km
to 500 km. The reduced distance substantially cuts transportation costs from mainland India to the northeastern region and
the time from 15 days to just 10 days.
Sri Lanka: The renovated Duraiappah stadium in Jaffna was inaugurated by Sri Lankan President Maithripala Sirisena
on June 18. Named after Jaffnas ex-Mayor Alfred Thambirajah Duraiappah, the stadium, which was abandoned during
the civil war and was in disuse since 1997, was renovated with Indian assistance. It is among the several projects funded
by the Indian government in the Northern Province in recent years. According to Y.K. Sinha, Indias High Commissioner,
Indias total development assistance commitment to Sri Lanka is now around $2.6 billion, covering areas such as housing,
de-mining, public health and connectivity.
Namibia: India and Namibia decided to iron out issues which are impeding supply of uranium from this resource-rich
African country as President Pranab Mukherjee held talks with his Namibian counterpart Hage G Geingob in Windhoek
on June 16. Namibia, worlds fourth largest producer of uranium, does not supply the fuel to India because of Pelindaba
treaty among African Union countries which bars exports of the element to non-NPT signatories.
Ghana: India and Ghana signed three bilateral agreements to strengthen co-operation in varied fields during the visit of
President Pranab Mukherjee to the country on June 13. The agreements, signed after delegation level talks between
Mukherjee and his Ghanaian counterpart John Dramani Mahama in Accra, included one for visa waivers for holders of
diplomatic and official passports. India announced an additional grant of $1 million to Kofi Annan Centre for Excellence
in Information and Communication Technology in Ghana to expand its infrastructure.
Ivory Coast: President Pranab Mukherjee was conferred the Grande Croix Commandeur in National Merit Order,
highest national award of Cote dIvoire, by President Alassane Ouattara in Abidjan on June 14. The two countries also
inked an agreement to re-establish the headquarters of the Exim Bank in Abidjan. Cote dIvoire also known as Ivory Coast,
had gone through a period of turmoil in the last decade due to civil war. Yamoussoukro is the administrative capital.
Thailand: Thailand Prime Minister General Prayut Chan-O-Cha came on a three-day visit to India in June. Trade and
attracting investments from Thailand were high on the agenda during talks with his Indian counterpart Narendra Modi.
Modi said both the countries have prioritised completion of India-Myanmar-Thailand Trilateral highway and early signing
of the Motor Vehicles Agreement between India, Thailand and Myanmar.
Hungary: The three-day Ganges-Danube Cultural Festival of India was organized in Hungary in June. Danube is
Europes second largest river that passes through Budapest, the capital of Hungary. The festival showcased the Indian
culture via dance, music, yoga, film and exhibitions, among others in several cities of the country.
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Current Affairs: States

Bihar: Railway minister Suresh Prabhu flagged off the Motihari-New Delhi Champaran Satyagraha Express in June to
mark the centenary year of the Champaran movement launched by Mahatma Gandhi in 1917. Chief Minister Nitish Kumar
launched the Bihar Public Grievance Redressal Act empowering people to get their grievances redressed within a specific
time frame in the state. The CM inaugurated Child Labour Tracking System (CLTS) in order to keep a track of rescued
child labour for their proper rehabilitation besides announcing financial help of Rs 25,000 for every rescued child labour
to be given from Chief Ministers Relief Fund in June.
Delhi: Five private hospitals in Delhi have been slapped with fines of Rs 600 crore for failing to treat patients from
Economically Weaker Sections (EWS), despite being obliged to do so under the land allotment agreement. The hospitals
have been asked to deposit unwarranted profits by July 9, failing which further action will be initiated against them. The
State government had allotted land to 43 private hospitals in Delhi at concessional rates on the condition that they would
keep 10% of their capacity to treat EWS patients free of cost.
Rajasthan: The Indian Reserve Battalion will be named after Maharana Pratap, a Rajput ruler who had fought against
the Mughals and never bowed before them, Union Home Minister Rajnath Singh has said in Udaipur in June.
Punjab: A permanent museum dedicated to the Partition of India in 1947 will be established at the historic Town Hall in
Amritsar, said author and Chairperson of the Arts and Cultural Heritage Trust, Kishwar Desai in June following approval
from the Punjab government. The project has been described as a peoples museum, built through contributions, donations,
artefacts and documents being sourced through private and public collections and archives. CM Parkash Singh Badal
launched a special fund called Mukh Mantri Punjab Hepatitis C Relief Fund to provide free treatment for patients affected
by Hepatitis C, thus becoming the first state in the country to provide free treatment to confirmed cases of Hepatitis C.
Kerala: Kerala Tourism has bagged four awards at Polands FilmAT, one of the biggest international film festivals
dedicated to tourism, art and ecology in June, with its Responsible Tourism initiative winning honours under the Best
Promotional Social Campaign, Protection of Nature and Eco-Food categories. A fourth award, for Best Editing, was
conferred on Kerala Tourism for the film The Great Backwaters of Kerala. GPS enabled app for live tracking of kids
launched: Transight Systems, a Kochi-based start-up, launched a GPS enabled app Guardians that gives parents a live
update on the movement of their children to school and back.
Karnataka: The State government imposed a ban on sale (including online) and use of e-cigarettes in the State, based
on the recommendations of the State high powered committee on tobacco control. Battery-powered cartridges are used in
e-cigarettes to produce a nicotine-laced vapour.
Maharashtra: The state government became the first in the country to approve grant minority status to Jews in June
making it easier for them to register their marriages, set up their own educational institutes and promote their culture. The
state government has decided to rename the Rajiv Gandhi Jeevandayee Arogya Yojana, a scheme for cashless treatment
for the poor, after social reformer Mahatma Phule in June. Facing a string of allegations including irregularities in a land
deal, Maharashtra Revenue Minister Eknath Khadse, 64, resigned in June.
Assam Assembly passed the Assam Ease of Doing Business Bill, 2016 in June to enable speedy processing of applications
and issue of clearances for setting up industries. Capital Guwahati became the first city in the country to have its own City
Animal with the district administration declaring the Gangetic river dolphin as the mascot in June.
Manipur: Legal and constitutional experts are to re-examine the three Manipur anti-migrant bills (rejected by the Centre)
and come up with new legislation, it was decided following a meeting in New Delhi between Union Home Minister Rajnath
Singh and a Manipur delegation headed by Chief Minister Okram Ibobi Singh in June.
July 2016 Issue I
THE GENESIS
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Current Affairs: World

HAPPENINGS
Nearly 500 Pakistani soldiers and 3,500 militants were
killed during two-year long Operation Zarb-e-Azb
launched by the military to clear the restive FATA
(Federally Administered Tribal Region) of militants in
June 2014.
Canadas House of Commons voted to render the
countrys national anthem gender neutral in Toronto by
changing the second line of the anthem from true patriot
love, in all thy sons command to in all of us command
in June.
Pakistan continues to be ahead of India when it comes to
having higher number of nuclear warheads and beats
Israel as well as North Korea, a report by the Stockholmbased think-tank the Stockholm International Peace
Research Institute (SIPRI) said in June.
At least 50 people were killed by gunman Omar Mateen,
a 29-year-old American citizen of Afghan origin, at a gay
night club in Orlando, Florida early on June 12.
China and Nepal have been connected with an optical
fibre network via Tibet as infrastructure between the two
countries is being firmed up to extend high-speed
Internet services to Nepal and end its sole dependence
on India, Chinese state media reported in June.
The Baltic Shipyard in St. Petersburg, Russia has
launched a new nuclear-powered icebreaker named
Arktika, said to be the worlds biggest and most

powerful, in June.
Norway has become the first country in the world to
commit to zero deforestation after its parliament pledged
to make the governments public procurement policy
deforestation-free in June.
Sri Lankan Parliament unanimously passed the Right to
Information bill in June aimed at restoring transparency
and good governance in a country plagued by corruption
and misrule.
The World Blood Donor Day was observed on June 14
with the theme Blood connects us all and the slogan
Share life, give blood. Karl Landsteiner discovered
blood groups key to successful blood transfusion
in 1901.
The World Day against Child Labour was observed on
June 12 with the theme End child labour in supply
chains - Its everyones business!
World Day to Combat Desertification and Drought was
observed on June 17, 2016 with the theme Inclusive
Cooperation for achieving Land Degradation
Neutrality.
The International Albinism Awareness Day was
observed on June 13 to end various forms of stigma and
discrimination faced by those affected by albinism.

AWARDS
Baileys Womens Prize for Fiction: Irish writer Lisa McInerney was awarded the prestigious Baileys Womens
Prize for Fiction in London for her debut novel The Glorious Heresies in June. The 30,000 (38,000 euro, $43,500)
award, previously known as the Orange prize, is presented each year to the best novel written by a woman from anywhere
in the world. This years nominees included best-selling US author Cynthia Bond (Ruby), Irish writer Anne Enright
(The Green Road), US writer Elizabeth McKenzie (The Portable Veblen), Britains Hannah Rothschild (The
Improbability of Love) and US writer Hanya Yanagihara (A Little Life).
Pen Pinter Prize: Margaret Atwood has won this years Pen Pinter Prize, which celebrates champions of free speech.
Judges praised the Canadian novelist political activism, and described her as an exemplary public intellectual. The prize
was established in 2009 in memory of playwright and Nobel Laureate Harold Pinter, who had died the previous year.
PERSONS IN NEWS
Appointments & Obituaries
Gregory Rabassa, a distinguished translator from

Spanish and Portuguese who brought the work of
luminaries like Gabriel Garca Mrquez and Mario
Vargas Llosa to a wide English-speaking public, died in
Branford, USA at the age of 94 on June 13.
Nepals former Prime Minister and Maoist leader

Baburam Bhattarai launched a new political party called
as Naya Shakti Nepal in June, vowing to reform the
countrys political system and bring stability by
maintaining harmonious relationship with both India and
China.
July 2016 Issue I
THE GENESIS
11
Faces
Anil Kumble: New turn
Unlike his contemporaries, Kumble was not a big turner of the ball, rather relied much on pace
and accuracy. His challenge in his new assignment is to make India capable of winning overseas
Former India skipper Anil Kumble (45) was appointed as

the head coach of the countrys cricket team for next one
year by the BCCI on June
23. The selectors have
shown faith in his ability
even though Kumble doesnt
have any previous coaching
experience at international
or first-class level.
In a glorious international
career spanning over 18
years, Kumble played 132
Tests taking 619 wickets at an average of 29.65. He
remains the third-highest wicket takeronly behind
Muttiah Muralitharan and Shane Warne. He also made
2506 runs at an average of 17.77 with five fifties and a
hundred and a top score of 110 not-out.
Kumble made his test debut against England in August
1990. His last test appearance was against Australia in
October 2008.
In 1999 while playing against Pakistan in Delhi, Kumble
dismissed all the ten batsmen in a Test match innings (10
for 74) becoming only the second player to achieve this
feat; the other player being Jim Laker of England. He is
also remembered for his tenacity in bowling even when
injured, especially after an incident in a match against West
Indies in 2002 where, despite having his broken jaw being
heavily taped, he came back and took the wicket of Brian
Lara.
Kumble led India in 14 Test matches after being appointed
as captain in November 2007. He succeeded Rahul Dravid,
winning three, losing five and drawing the remaining six.
He began his tenure with a 1-0 home series win over
Pakistan.
Besides being Indias highest wicket-taker in Tests and
third overall, Kumble had also taken 337 wickets in his 271
one-day internationals. He also made 938 runs at an
average of 10.54. In the 1996 ODI World Cup won by Sri
Lanka, Kumble was the most successful bowler capturing
15 wickets at an average of 18.73 in seven matches.
Kumble is a right-arm leg spinner with an unorthodox

style, most famous for his flipper. He started his career as
a fast bowler, which gave him a
useful faster delivery. He relied more
on accuracy, variations and bounce
rather than spinning the ball.
According to Cricinfo, Kumble has
been an unusual spinner has been
said many times before. It has also
been said, a trifle unfairly, that he is
a unidimensional bowler. Palpably,
he has lacked the turn of Warne and
Murali, but his variety has been
subtler, far more apparent to batsmen than to viewers. He
has shown that not only turn and flight that can deceive the
batsman but also the changes of length and pace. He has
been a cultured practitioner of his unique craft and a master
of nuances.
Kumble was awarded the Padma Shri, Indias fourth
highest civilian honour in 2005. After his retirement in
2008, took up administrative roles as he was elected as
president of the Karnataka State Cricket Association in
November 2010. He served as chairman of the National
Cricket Academy in Bangalore and also headed the BCCIs
technical committee. In October 2012, Kumble was
appointed the chairman of International Cricket Council
(ICC)s cricket committee.
Between 2012 and 2015, Kumble held positions as a chief
mentor for the teams Royal Challengers Bangalore and
Mumbai Indians in the Indian Premier League. In February
2015, he became the fourth Indian cricketer after Sunil
Gavaskar, Kapil Dev and Bishan Singh Bedi to be inducted
into ICC Hall of Fame.
The challenge for Kumble will be to make the team win
matches abroad. India havent won a Test match outside
the subcontinent for the last five years. They, in fact, lost
15. Limited-overs glory, too, has remained elusive since
the 2013 Champions Trophy. Young cricketers made very
little noise, forcing the selectors to dust off Ashish Nehra
and Yuvraj Singh before the World T20. The one-year
contract suggests the cricket board wants Kumble to serve
an apprenticeship period.
July 2016 Issue I
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12
Current Affairs: Sports

Hockey: Australia became are the Mens Champions Trophy Hockey champions by defeating Indian in penalty shootout
in the final in London on June 18. Germanys Tobias Hauke was named as the Best Player in the competition, with Great
Britains George Pinner taking the Best Goalkeeper award. Top scorer was Marco Miltkau Germany with 4 goals. In the
Womens Champions Trophy Hockey, Argentina won the title with a 2-1 win over Holland in the final in London on June
26. Argentina captain Carla Rebecchi, who finished as the competition as top scorer with seven goals, was also named as
the competitions Best Player while Netherlands Joyce Sombroek was named as Best Goalkeeper.
Cricket: A dominant India completed a 3-0 whitewash of hosts Zimbabwe by 10 wickets in the final ODI cricket match
in Harare on June 15. India survived a last-ball scare before clinching the T20 series 2-1 with a three-run victory over a
spirited Zimbabwe in the third and final Twenty20 International in Harare on June 22. Mahendra Singh Dhoni equalled
Australian great Ricky Pontings record of leading the side in 324 international matches across all formats during the third
and final Twenty20 International against Zimbabwe at the Harare Sports Club on June 22. Former England cricket captain
Donald Carr, who played two tests on the 1951-52 tour of India, died at the age of 89 on June 11.
Badminton: Indias Saina Nehwal won the Australian Badminton Open Superseries title by beating Chinas Sun Yu 1121, 21-14, 21-19 in the Womens Singles final in Sydney on June 12. Mens Singles title was won by Denmarks HansKristian Vittinghus who overcame Jeon Hyeok Jin of South Korea 21-16, 19-21, 21-11. Mens Doubles title went to Marcus
Fernaldi Gideon and Kevin Sanjaya Sukamuljo of Indonesia while the Womens Doubles was won by Chinas Chen
Qingchen and Bao Yixin. The Mixed Doubles final was won by Chinas Lu Kai and Huang Yaqiong.
Olympics: The Rio 2016 organising committee revealed A new world as the official slogan for the first Olympic and
Paralympic Games in South America. For Rio 2016, the core values of the slogan and the manifesto are unity, respect for
diversity and the will for change. It is what the Olympic movement is all about, changing the world for the better said
Thomas Bach, president of the International Olympic Committee (IOC), at the event in Rio de Janeiro in June. Meanwhile,
Aida Gemanque became the oldest Olympic torch bearer on June 18 when she carried the Rio Olympic flame in Macapa
(Brazil) aged 106 breaking the record formerly held by Alexander Kaptarenko, who was 101 when he took part in the Sochi
2014 Winter Olympics relay.
Racing: Mercedes German driver Nico Rosberg won the European Grand Prix at the Baku City Circuit in Baku on June
19 finishing ahead of Ferrari driver Sebastian Vettel of Germany and Force India driver Mexican Sergio Perez. Lewis
Hamilton of team Mercedes won the Formula One Canadian Grand Prix at the Circuit Gilles Villeneuve in Montreal on
June 12 while Ferrari driver and four-time world champion Sebastian Vettel finished second and Valtteri Bottas was third
in a Williams.
Athletics: Ace sprinter Dutee Chand became the first Indian female athlete to qualify for the 100m dash in Olympics in
36 years as she booked a Rio Games berth at the Kosanov Memorial Meet in Almaty, Kazakhstan on June 25. 20-year-old
Dutee clocked 11.24 seconds in the finals to win a silver medal in the Kazakhstan Meet to book the Rio Olympics ticket.
The qualifying mark for the Rio Olympics was set at 11.32 seconds. Dutee is the first Indian woman to have qualified for
100 metres race in an Olympics after legendary P T Usha competed in the event in the 1980 Moscow Games. There was
no qualification system when Usha took part in the 1980 Olympics.
Misc: Five-time World Chess Champion Viswanathan Anand was conferred the Honoris Causa Doctor of Science by
Indian Institute of Technology (IIT) during its 49th convocation ceremony in Kanpur on June 28. Grand Master Harika
Dronavalli won the Best Womens Player award in the Eurasian Blitz chess tournament in Kazakhstan in June finishing
ahead of world number one Hou Yifan of China. A lacklustre India ended their campaign with a solitary silver medal in
the mixed recurve pair event for Atanu Das and Deepika Kumari at the Archery World Cup in Antalya (Turkey) on June
19.
July 2016 Issue I
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13
Current Affairs: Economy

Govt clears merger of SBI and Associate Banks: The government has agreed to a proposal to merge State
Bank of India (SBI) and its associate banks that would make the stateowned lender a global-sized bank. SBI had mooted the proposal for
merger of its five subsidiary banks with itself and acquisition of the
newly set up Bharatiya Mahila Bank. SBI has five associate banks -State Bank of Bikaner and Jaipur, State Bank of Travancore, State
Bank of Patiala, State Bank of Mysore and State Bank of Hyderabad.
The merged entity will have an asset base of about Rs.37 lakh crore,
with nearly 24,000 branches and about 58,700 ATMs across the
country as of March 2016-end. SBI and its associates employed 2.85
lakh people in 2014-15. Presently SBI has close to 16,500 branches,
including 191 foreign offices spread across 36 countries.
Rajasva Gyan Sangam organised: The two-day Rajasva Gyan Sangam, an annual conference of Central Board
of Direct Taxes (CBDT) and Central Board of Excise and Customs (CBEC), was organised in New Delhi on June 16-17.
Prime Minister Narendra Modi outlined a five-point charter for tax administrators RAPID: R for Revenue, A for
Accountability, P for Probity, I for Information and D for Digitization. He urged the officers to turn the Gyan Sangam into
a Karma Sangam, so that the ideas generated from this conference lead to concrete action on the ground. The CBDT will
soon launch an E-Nivaran portal for speedy redressal of taxpayers grievances, said CBDT Chairman Atulesh Jindal.
People in rural areas can pay utility bills at CSCs: Now people in rural India would be able to pay utility bills
such as electricity, water and telephone at common service centres (CSC) through debit or credit cards as well in cash.
Minister of Telecom and Information Technology Ravi Shankar Prasad said in June that the Reserve Bank of India (RBI)
has granted Bharat Bill Payment Operating Unit (BBPOU) licence to CSC e-Governance Services India, which manages
around 199,000 CSCs across the country.
St Petersburg International Economic Forum organised: The Minister of State (I/C) for Petroleum and
Natural Gas Dharmendra Pradhan represented India at the St Petersburg International Economic Forum (SPIEF) on June
16-17. SPIEF is the leading economic event of Russia, drawing participation of important political leaders and some of the
largest companies and global business leaders. The hallmark of the visit was the signing of a Sales Purchase Agreement
for acquisition of 24% stake in Vankor oil block by a consortium of Oil India Ltd., Indian Oil and Bharat Petro Resources
Ltd. (subsidiary of BPCL) with ROSNEFT.
Govt allows agents in defence deals but with strict oversight: Foreign defence firms can now appoint
agents to market their products to the armed forces and the government but with strict oversight which includes opening
up of companys books to scrutiny besides not allowing any success bonus or penalty fees among other measures. The
government will also have the veto power to reject or accept, at any point of time, an agent proposed by the company. The
new set of guidelines are now part of the Defence Procurement Procedure (DPP) that was put out in public in June as the
government works on ensuring transparency in defence deals.
National Civil Aviation Policy unveiled: The Minister of Civil Aviation P. Ashok Gajapathi Raju released the
National Civil Aviation Policy 2016 in June. Under the new policy all domestic airlines can commence international
operations provided they deploy 20 aircraft or 20 per cent of total capacity (in terms of average number of seats on all
departures put together), whichever is higher, for domestic operations. The policy proposes a Regional Connectivity
Scheme to make flying more affordable in smaller cities. It will cap airfares at Rs.2500 per flying hour at unserved airports.
Pay Revision Committee for CPSU executives constituted: The Government has constituted a committee
for making recommendations on revision in pay scale of executives of central public sector undertakings (CPSUs). The
July 2016 Issue I
THE GENESIS
14
panel, chaired by Justice Satish Chandra (Retd.) will make its recommendations within six months. The governments
decision on the recommendations of the committee will take effect from January 1, 2017. The last pay revision for the
executives of CPSUs was in 2007. The other members of the Pay Revision Committee include Jugal Mohapatra, Ex-IAS
Officer; Manoj Panda, Director, Institute for Economic Growth Delhi and Shailendra Pal Singh, Executive Director (HR),
NTPC Ltd.
Marking system introduced for newspapers for govt. ads: The Government has introduced a marking
system for newspapers under its new Print Media Advertisement Policy that aims to promote transparency and
accountability in the release of its ads. The marking system has been put in place to incentivise newspapers which have
better professional standing and get their circulation verified by Audit Bureau of Circulations (ABC) or Registrar of
Newspapers for India (RNI), according to an official statement in June. This will also ensure transparency and
accountability in the release of advertisements by Directorate of Advertising and Visual Publicity (DAVP).
World Bank downgrades Indias 2016 growth rate: The World Bank has marginally downgraded Indias
growth rate by 0.2% to 7.6% in 2016 even as it said the country will continue to grow faster than its large emerging market
peers. The bank in its latest Global Economic Prospects report downgraded its 2016 global growth forecast to 2.4% from
the 2.9% in made in January. The bank said half a point down grade in the global growth was due to sluggish growth in
advanced economies, stubbornly low commodity prices, weak global trade and diminishing capital flows.
Business confidence falls 6.7% in Q4: The business confidence fell 6.7 per cent in the fourth quarter of 2015-16,
signaling subdued sentiments, says a survey by the National Council of Applied Economic Research (NCAER). The 96th
round of the Business Expectations Survey (BES) shows that the Business Confidence Index (BCI) registered a decrease
of 6.7 per cent in April 2016 over January 2016 on a quarter-on-quarter (q-o-q) basis, thus hinting that business sentiments
have remained subdued since the last quarter. The current round of survey is pertaining to the January-March quarter of
FY 2015-16.
India is worlds third largest oil consumer: India has surpassed Japan to become the worlds third-largest oil
consumer, with its oil demand galloping 8.1 per cent in 2015, according to BP Statistical Review of World Energy released
in June. With demand of 4.159 million barrels per day, India is the third-largest consumer behind US (19.39 million bpd)
and China (11.96 million bpd). India accounted for 4.5 per cent of world oil consumption in 2015. Oil remained the worlds
leading fuel, accounting for 32.9 per cent of global energy consumption. Coal came in as the second-largest fuel by market
share (29.2 per cent). Natural gas market share of primary energy consumption stood at 23.8 per cent.
India ranks 2nd on GRD index among 30 developing countries: According to 2016 Global Retail
Development Index (GRDI) launched in June, India has jumped 13 positions from 2015 to rank second among 30
developing countries in 2016 on ease of doing business, topped by China. The study ranks top 30 developing countries for
retail investment worldwide. A pickup in GDP growth and better clarity regarding Foreign Direct Investment (FDI)
regulations have helped India achieve a second ranking. Infrastructure bottlenecks including labour laws, complex
regulations, high labour attrition rates, and limited high-quality retail space remain areas of concerns for retailers in the
country.
Surya Mitra mobile app launched: The Surya Mitra Mobile App was launched by the Power, Coal and New &
Renewable Energy Ministry at the National Workshop on Rooftop Solar Power organised in New Delhi in June. This
mobile app will make quality servicing, maintenance and repairing professionals available to customers at the click of a
button on their mobiles. It is also expected to enhance the employment of trained youth in solar PV technology and also
improve the businesses of solar entrepreneurs.
ICRISAT, Microsoft develop sowing app: The Hyderabad-based the International Crops Research Institute for
the Semi-Arid Tropics (ICRISAT), in partnership with Microsoft, has developed a new sowing application for farmers in
Andhra Pradesh. The sowing app is to help farmers achieve optimal harvests by advising on the best time to sow crops
depending on weather conditions, soil and other indicators.
July 2016 Issue I
THE GENESIS
15
Business Biography
Alvin Toffler: The Futurist
Toffler rightly predicted that a knowledge-based economy would eclipse the post-industrial age,
shifting focus from manufacturing and labour to information processing and knowledge
Alvin Toffler, the U.S. author and

visionary known for several world
best-sellers, including Future
Shock and The Third Wave, died
in Los Angeles aged 87 on June 27.
as the society after agrarian

revolution that replaced the first
hunter-gatherer cultures.
Tofflers groundbreaking book

Future Shock, in which he
examined social change, as well as
several other books he co-authored
with his wife Heidi, made him one
of the most respected futurists of
the modern era, with world leaders and moguls seeking his
advice.
Son of Jewish immigrants from Poland, Toffler graduated
in English major from New York University in 1950 where
he met his future wife, Adelaide Elizabeth Farrell
(nicknamed Heidi). They married the same year.
Seeking experiences to write about, Alvin and Heidi
Toffler spent the next five years as blue collar workers on
assembly lines while studying industrial mass production
in their daily work. His hands-on practical labor experience
helped Alvin Toffler land a position at a trade unionbacked newspaper where he worked for three years. The
couple returned to New York City in 1959 when Fortune
magazine invited Alvin to become its labor columnist, later
having him write about business and management. After
leaving Fortune magazine in 1962, Toffler began a
freelance career, writing articles for scholarly journals and
magazines.
In the mid-1960s, the couple began five years of research
on what would become Future Shock, published in 1970.
It has sold over 6 million copies worldwide. Toffler coined
the term future shock to refer to what happens to a
society when change happens too fast, which results in
social confusion and normal decision-making processes
breaking down.
He continued the theme in The Third Wave in 1980 in
which the futurist describes three types of societies, based
on the concept of waves each wave pushes the older
societies and cultures aside. He describes the First Wave
The Second Wave is the society

during the Industrial Revolution (late
17th century through the mid-20th
century). That period saw the
increase of urban industrial
populations which had undermined
the traditional nuclear family, and
initiated a factory-like education
system, and the growth of the corporation. While he
describes the first and second waves as the agricultural and
industrial revolutions, the third wave, a phrase he coined,
represents the current information, computer-based
revolution. The eclipsing of manufacturing by knowledge
and information-processing as the primary economic
activity is the hallmark of the third wave. He correctly
forecast the spread of the Internet and email, interactive
media, cable television, cloning, and other digital
advancements.
He claimed that one of the side effects of the digital age has
been information overload, another term he coined. In
1990 he wrote Powershift, also with the help of his wife,
Heidi.
In 1996, with American business consultant Tom Johnson,
the Toffler couple co-founded Toffler Associates, an
advisory firm designed to implement many of the ideas
they had written on. The firm worked with businesses,
NGOs, and governments in countries across the world.
Toffler is also credited with coining the term adhocracy
that refers to the tendency in an organisation to progress on
the basis of temporary, ad hoc groups, such as a task force
brought together to deal with a particular project only.
In the age of Amazon and the proliferation of online
marketplaces, Tofflers thoughts on consumerism as a
global trend ring true. People of the future may suffer not
from an absence of choice but from a paralysing surfeit of
it. They may turn out to be victims of that peculiarly superindustrial dilemma: overchoice.
July 2016 Issue I
THE GENESIS
16
Current Affairs: Corporate

RANKINGS & INDEXES
Time magazines 10 Millennials

30-year old Indian entrepreneur Umesh Sachdev has been
named by Time magazine to its 2016 list of 10 millennials
who are changing the world for building a
phone which can help people to interact and
access critical services by communicating in
their native languages.
Phones can help increase financial inclusion or help a

farmer get weather information, Sachdev said in the Time
profile. But you need a way for people to
interact with the technology out there, he
said.
Time said through the software, Sachdev is
building bridges and helping hundreds of
millions of people cross the divide between the
digital and the real world by harnessing the
power of speech. Sachdev found a solution to
the problem that phones didnt carry the
language of villagers in rural India.
Sachdev has been named by Time to its

2016 list of 10 millennials who are
changing the world for his work on
building a phone that can understand
almost any language.
Sachdev, along with his college friend Ravi Saraogi,
founded Uniphore Software Systems. The Chennai-based
start-up produces software which allows people to interact
with their phones and access services such as online
banking by communicating in their native languages, Time
said in its profile on Sachdev. Uniphores products, which
include a virtual assistant that is able to process more than
25 global languages and 150 dialects, are being used by
over five million people, mostly in India.
The ten Millennials: Saorise Ronan, actress, Ireland; Saran

Kaba Jones, water activist, Liberia; Umesh Sachdev,
software engineer, India; Simone Biles, gymnast, USA;
Polly Stenham, playwright, Britain; Destiny Watford,
environmental justice activist, USA; Firas Alshater,
refugee activist, Germany; Irene Kim, model, South Korea;
Ashima Shiraishi, rock climber, USA; Francesco Sauro,
geologist, Italy.
Fortune Next 500 list of Indian companies: The Fortune Next 500 list of Indian companies has been topped by
Dynamatic Technologies. Companies featuring in the Next 500 list are mostly mid-sized and termed as the small wonders
by the magazine. On an average these firms have a revenue of over Rs 1,000 crore. They are from various sectors including
basic materials; financial services; food and agri products; pharma and information technology; capital goods and iron and
steel. Dynamatic Technologies tops the list with an annual revenue of over Rs 1,693 crore followed by Nectar Lifescience
(Rs 1,692 crore), Oswal Woollen Mills (Rs 1,689 crore), VRL Logistics (Rs 1,682.5 crore) and Hitachi Home & Life
Solutions (Rs 1,682.18 crore). Others in the top 10 are Gujarat Mineral Development Corp, Lucas-TVS, Gati, Adecco India
and Jindal Aluminium. In 2015, the magazine had said that companies featuring in the Next 500 list are capable of breaking
into the Fortune India 500.
Qlik APAC cost of living: Indias commercial-hub Mumbai has been rated as the least expensive on the basis cost
of living in the Asia Pacific (APAC) region, according to visual analytics app Qlik. The Qlik APAC cost of living app
allows consumers to quickly and easily compare the cost of living across eight key cities in Asia Pacific (APAC) Mumbai,
Hong Kong, Kuala Lumpur, Seoul, Shanghai, Singapore, Sydney and Tokyo. Tokyo is most expensive with Hong Kong
and Sydney close behind. The cost of living in Mumbai is 53% less expensive below the APAC average. Similarly, the
secondary and higher education in the city is 68% and food is 61% less expensive. However delving deeper into the data,
a Mercedes CLS is 20% more expensive in Mumbai compared to one in Tokyo. Similarly, a round of golf (9 holes) is more
expensive in Mumbai when compared to Sydney. (June 16, 2016)
CBREs most expensive prime office markets: With an occupancy cost of $149.71 (Rs 10,030) per sq ft, New
Delhis Central Business District (CBD) of Connaught Place ranks as the seventh most expensive prime office market in
the world, CBRE Researchs Global Prime Office Occupancy Costs bi-annual survey revealed in June. Mumbais
alternative business district of Bandra Kurla Complex (BKC) was 19th while Nariman Point is at 34th position. Hong Kong
July 2016 Issue I
THE GENESIS
17
(Central) ranked first at $290 per sq ft per annum. Connaught Places central location and ease of connectivity continues
to attract big corporates especially banks, other financial institutions and engineering firms. Overall, India continues to
be a preferred destination for various multinationals to expand their current operations or to set up their offices due to
adequate supply of quality office space. Asia continued to dominate the list of the worlds most expensive office locations,
accounting for seven of the top ten markets, according to the survey.
HAPPENINGS
Tata Sons ordered to pay $1.17 bn to NTT DoCoMo: Tata Sons has been ordered
to pay Japans largest mobile phone firm NTT DoCoMo USD 1.17 billion in compensation for
breaching an agreement on India joint venture. The London Court of International Arbitration
in June ruled in favour of DoCoMo over price it was entitled for exiting the Indian joint venture.
In 2009, DoCoMo had acquired 26.5 per cent stake in Tata Teleservices for about Rs 12,740
crore. Later, in 2014, the company decided to exit after the joint venture. DoCoMo said its 2008
investment was with an understanding that it would get at least 50 per cent of its acquisition
price if it exits the Indian company in five years. Tata Sons did not respond and the Japanese firm went to court.
Uber enters into pact with Tata group: Tech-based car hailing company Uber has entered into an agreement
with Tata group to help its drivers own Indica and Indigo cars with less hassle. While Tata Capital Financial Services and
Tata Motors Finance will offer loans at competitive interest rates, affordable insurance would be offered by Tata AIG
as a package. Started off in Hyderabad, the scheme will be rolled out in other cities where Uber runs its services. Over the
next one year, the initiative endeavours to fuel micro-entrepreneurship across India by enabling over 20,000 drivers to start
their own business on the Uber platform, Madhu Kannan, Member-Group Executive Council, and Group Head for
Business Development and Public Affairs, Tata Sons, said in June.
NTPC, CIL incorporate JV to revive Fertilizer Corp plants: NTPC formally announced incorporation of
a joint venture with Coal India -- Hindustan Urvarak & Rasayn Ltd -- to revive Gorakhpur and Sindri plants of Fertilizer
Corporation of India in June. The 50:50 shareholding joint venture firm will take up revival of Gorakhpur and Sindri plants
of ailing FCI by setting up ammonia urea plants at each locations. The two firms will produce 1.27 million tonnes of urea
per annum. The gas would be made available through the proposed Jagdishpur-Haldia pipeline to be constructed by GAIL.
Microsoft, TCS to jointly mentor start-ups: The Technology arms of global software majors Microsoft and
Tata Consultancy Services (TCS) announced a joint initiative in June to mentor start-ups and engage with them to make
innovate solutions for the global market. As access to markets and customers remains a challenge for Indian start-ups, the
partnership will provide start-ups access to their networks and relationships across customers, investors, academia and
industry, creating a value proposition in the enterprise marketplace. Microsoft released two e-books at its Think Next 2016
event in Bangalore on June 23 History of Indian Start-up Ecosystem and Timeline of Indian Start-up Ecosystem.
SBI in Hall of Shame of banks funding cluster bomb makers: State-run banking behemoth SBI has been
named in a Hall of Shame list of 158 banking and financial institutions globally that have invested billions of dollars in
companies making cluster bombs. State Bank of India (SBI) is the only Indian entity on the list, which includes global
giants like JP Morgan, Barclays, Bank of America and Credit Suisse that invested over $28 billion in seven producers of
cluster munitions in 2012-2016, according to a report by Dutch campaign group PAX in June. SBI said it always works
in accordance with local laws and regulations and there is no prohibition, whatsoever either in US
or in India to finance such commercial projects. PAX said the investments were made in cluster
bomb producers despite an international ban.
PERSONS IN NEWS
Thomas Perkins, co-founder of the venture capital firm Kleiner Perkins Caufield Byers, Perkins
and one of the founding fathers of Silicon Valley, died on June 7 at age 84 in Belvedere, California.
Perkins played a major role in the formative years of the computer and biotech industries. The firm
July 2016 Issue I
THE GENESIS
18
that bears his name went on to fund some of the biggest names of the internet era, including Google and Amazon. Perkins
investment in drug developer Genentech is widely considered by the venture capital community to have helped jump-start
the biotech industry emerging in Silicon Valley during the 1970s.
Sunil Bharti Mittal: International Chamber of Commerce (ICC) elected founder and chairman of Bharti Enterprises,
Sunil Bharti Mittal, as its Chairman in a voting held in Sao Paolo, Brazil in June. Founded in 1919, ICC represents the
private-sectors views to national governments and intergovernmental bodies around the world.
LAUNCHES
Yogasutra: Riding on the yoga bandwagon, the Khadi & Village Industries Commission (KVIC) has launched a
specially designed yoga wear collection made from khadi with brand name Yogasutra. To mark the celebration of
International Yoga Day on June 21, the khadi yoga wear has been designed by an Ahmedabad-based entrepreneur Shailini
Sheth Amin, Founder & CEO of Moral Fibre Fabrics and will be available for a price of around Rs 1, 200 for a pair of top
and bottom. Yogasutra is a range of clothes and mats made from hand-woven and hand-spun cotton i.e. khadi and that
is created specifically for yoga exercises. (June 17, 2016)
Gadgets: Panasonic India launched 2-in-1 lightweight Toughbook CF-20 that detaches easily to become a 10.1-inch
tablet for Rs 2.25 lakh in June. Homegrown handset maker Intex announced its foray into the virtual reality (VR) space in
June with the launch of its VR headset Eyelet in June. Expanding its offering in the low cost internet connectivity and
web access devices segment, DataWind, maker of UbiSlate Tablets, DroidSurfer Netbooks and PocketSurfer Smartphones
entered the 4G tablet market with the new range of devices under the moreGmax brand in June for Rs. 5999.
Thought Factory: Axis Bank, Indias third largest private sector bank, announced the launch of Thought Factory an
innovation lab facility aimed at accelerating the development of innovative technology solutions for the banking sector in
June. The innovation hub located in Bengaluru, has an in-house innovation team and an accelerator programme. The
Innovation Lab will work closely with the startup community that is redefining banking in the digital era. With this launch,
Axis Bank becomes the first Indian bank to introduce a dedicated innovation lab in the country.
SBI Mingle: Leveraging on the popularity of Facebook and Twitter, State Bank of India (SBI) launched SBI Mingle
in July, allowing its customers access various banking services via these social platforms. Using SBI Mingle, the banks
customers can do a host of banking services on their Facebook or Twitter accounts at their own convenience, the bank
said in a press release.
MERGERS & ACQUISITIONS

Microsoft to buy LinkedIn for $26.2 billion: Microsoft Corp agreed to buy LinkedIn Corp for $26.2 billion in
a deal announced in June, combining the software giants fast-growing cloud
services business with the worlds largest online network for professionals.
Today is a re-founding moment for LinkedIn, Reid Hoffman, Founder and
Chairman, said in a statement. Jeff Weiner will remain chief executive of
LinkedIn, reporting to Microsoft CEO Satya Nadella. After the deal,
LinkedIn will become part of Microsofts productivity and business
processes unit. The deal is a way for Microsoft, which largely missed out on
the consumer Web boom dominated by the likes of Google and Facebook
Inc., to sprint ahead in social tools - in this case, for professionals. The deal
is the biggest ever for Microsoft as Nadella, 48, focuses on appealing to business customers with cloud-based services and
productivity tools rather than regular customers.
Revlon to acquire Elizabeth Arden: Cosmetics maker Revlon Inc announced a deal in June to acquire Elizabeth
Arden Inc in an $870 million deal to strengthen its skincare and fragrance business and expand in high-growth markets
including the Asia-Pacific region. Elizabeth Arden has a strong presence in the luxury skincare market, mainly in the antiwww.endeavorcareers.com
July 2016 Issue I
THE GENESIS
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aging category, with brands such as Prevage, Ceramide and SuperStart. Its fragrances include those licensed from
celebrities such as Britney Spears, Justin Bieber and Taylor Swift. Revlon is stronger in hair colour and colour cosmetics,
which are mainly distributed through mass retail channels and beauty salons across 130 countries.
Siemens to acquire Gamesa: Siemens and Spains Gamesa agreed in June to

create the worlds biggest builder of windfarms, with the German company paying 1
billion euros ($1.13 billion) for a majority stake in the combined business. The group
would bring together Siemens strength in offshore wind power and Gamesas
leading role in developing markets. The venture would overtake Denmarks Vestas
to become the worlds largest wind farm manufacturer by market share. Engineering
company Siemens, which has struggled to make its wind turbine business profitable,
will take a 59 percent stake in the company but not have a majority on the board.
Siemens is dominant in the offshore wind market but relatively weak onshore.
Tata Power to acquire Welspuns renewable energy arm: Tata Power announced in June that it will buy
Welspun Energys subsidiary, Welspun Renewable Energy Pvt Ltd (WREPL), at an enterprise value of Rs 9,249 crore.
Tata Powers subsidiary Tata Power Renewable Energy Ltd (TPREL) will acquire WREPL. WREPL has about 1,140
megawatt (mw) of renewable power projects comprising about 990 mw solar power projects and about 150 mw of wind
power projects. TPREL operates 294 mw of renewable power capacity and 500 mw of renewable assets are being carved
out of Tata Power into TPREL through a court process.
Max Life to merge into HDFC Standard Life: In the biggest consolidation in the countrys private insurance
sector, Max Life Insurance and Max Financial Services will merge into HDFC Standard Life Insurance, the companies
announced in June. At present, 49 per cent FDI is allowed in the insurance sector in India.
Microsoft acquires Wand Labs: Microsoft has acquired California-based Wand Labs, which builds messaging
technology for apps, and was founded by IIT-Delhi alumnus Vishal Sharma in 2013. Wand Labs technology and talent
will strengthen our position in the emerging era of conversational intelligence, where we bring together the power of human
language with advanced machine intelligence, connecting people to knowledge, information, services and other people in
more relevant and natural ways, Microsoft said in June.
Twitter buys Magic Pony: Twitter said in June it was acquiring British-based artificial intelligence startup Magic
Pony to bolster its capacity for analysis of visual content. Magic Ponys technology, based on research to create algorithms
that can understand the features of imagery will be used to enhance our strength in live and video and opens up a whole
lot of exciting creative possibilities for Twitter, said Twitter co-founder and chief executive Jack Dorsey in a blog post.
Rob Bishop, Magic Ponys CEO and co-founder, said joining forces with Twitter gives us the opportunity to bring the
benefits of that research to hundreds of millions of people around the world, and allows Magic Pony to contribute to better
quality viewing experiences on Twitter.
CAMPAIGNS
Connect with yourself: Bajaj Avenger, unveiled a unique digital campaign on
June 30, which was celebrated as Social Media Day globally. The campaign Connect
with Yourself on Social Media Day urges people to connect with themselves and stay
away from the online world. The film begins with a man riding his Bajaj Avenger on a
journey to the hills. As he crosses the mountains on his Bajaj Avenger, he constantly
checks his smart phone network. He drives to higher altitudes and at one point he has
no network on his phone. Here is when he exults in joy and drops his phone down
signifying his happiness of being to himself amidst nature with nothing else to
accompany him. The campaign ends communicating the message June 30, Social
Media Day Pledge to Connect, with Yourself.
July 2016 Issue I
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Angrezipanti ko dikhao angootha: Micromax has launched a new campaign for its ;attest version of Canvas Unite
Series Unite 4 and Unite 4 pro in June. The new phones in the Unite series will
enable users to use their mother tongue with just a swipe. With the theme
Angrezipanti ko dikhao angootha, the campaign intends to challenge the notion of
proficiency in English being an integral part of success. As a part of the entire
campaign, Micromax has launched a TVC conceptualised by Creativeland Asia and
a digital film with the popular actor and comedian Kapil Sharma. In addition to this,
the company has also associated with the much-awaited Salman Khan starrer, Sultan.
CORPORATE SOCIAL RESPONSIBILITY

Magic Bus, Bharti Foundation to help slum children: Bharti Foundation, the philanthropic wing of Bharti
Enterprises, has signed a Memorandum of Understanding (MoU) with Magic Bus to shape the future of 1700
underprivileged children of Mumbai and New Delhi. Bharti Airtel is providing financial assistance to this Childhood to
Livelihood initiative. The project aims at giving the children a livelihood of their choice and a chance of moving out of
poverty by the time they turn 18. It will work towards facilitating holistic development of the children, ensuring they attend
school and acquire basic life skills. Children in the age group of 8 to 14 years will be selected from slums of Mumbai and
New Delhi. Nearly 68 volunteers from these localities will build community connects and enable the programme be more
efficient.
About Magic Bus: Cleartrip co-founder Matthew Spacie founded Magic Bus in 1999. It was an idea
that sprung out of Mumbais slums. The not-for-profit organisation, is today on course to reaching out to
4.5 lakh children across 22 states and has big global plans. The NGO founded by the British national uses
an activity-based curriculum to address a variety of issues such as gender equality, health, education and
livelihoods through a 10-year mentoring programme. According to its website Magic Bus steers children
towards a better life with better awareness, better life skills, and better opportunities, in the journey from
childhood to livelihood.
CII, Hind Unilever join hands for food safety: The CII-HUL Initiative on Food Safety Sciences (CHIFSS) is
collaborating with the Food Safety and Standards Authority of India (FSSAI) in a bid to promote science-based food safety
approach and strengthen collaboration between industry and the government. CHIFSS will work closely with FSSAI,
scientists, academia and key opinion influencers. Sanjiv Mehta, CEO and MD, HUL, stressed on the need for a globally
benchmarked national food safety agenda, founded on science-based food safety principles.
Microsoft helps tackle spread of mosquito-borne diseases: Technology giant Microsoft launched a
prototype trap for detecting mosquito-borne illnesses like dengue and Zika in June. The prototype trap is being developed
as part of the Microsofts Project Premonition -- a novel autonomous system for monitoring, detecting and preventing
emerging infectious disease outbreaks and marks the companys biggest innovation in trap technologies. The trap includes
a custom-built mosquito trap that allows entomologists collect faster and more efficient data to do their observation and
prevention work. It is designed only to collect information on the type of mosquito that an entomologist wants to track.
TERMS & DEFINITIONS

Brainstorming: A group session of executives from different business disciplines, where new ideas are expressed to
solve a business situation or formulate corporate policy. No criticism of the ideas is allowed. However, the ideas may be
modified or combined. The purpose of the session is to come up with originality in thinking based on gut feelings without
inhibitions. The brainstorming concept was initially developed by Alex Osborn.
Wet Lease: A leasing arrangement whereby one airline (the lessor) provides an aircraft, complete crew, maintenance,
and insurance (ACMI) to another airline or other type of business acting as a broker of air travel (the lessee), which pays
by hours operated.
July 2016 Issue I
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Cyber Buzz
Chinese supercomputer worlds fastest
A new Chinese computer system that can make 93

quadrillions calculations per second was named the
worlds most powerful supercomputer, according to the
newest edition of the list which was announced at the
International Supercomputing Conference in Frankfurt in
June.
Other systems in the top ten include a BlueGene/Q system

called Mira in the US, a Cray X40 system known as
Trinity, and the most powerful system in Europe - a Cray
XC30 system called Piz Daint at the Swiss National
Supercomputing Centre. Hazel Hen installed at HLRS in
Germany and Shaheen II in Saudi Arabia, both Cray XC40
systems, are ninth and tenth.
The latest list marks the first time since the inception of the
TOP500 that the US is not home to the largest number of
systems. With a surge in industrial and research
installations registered over the last few years, China leads
with 167 systems and the US is second with 165. China
also leads the performance category.
Apple tech to bar cameras at concerts

Apple patents technology for de-activating video at
Sunway TaihuLight topped the list of the Top 500

supercomputers with 93 qcps supercomputer was
developed by the National Research Centre of Parallel
Computer Engineering and Technology. It has been built
entirely using processors designed and made in China.
With processing capacity of 125.436 petaflops (PFlops)
per second, which means it can perform qcps at peak
performance,
Sunway-TaihuLight
is
the
first
supercomputer to achieve speeds in excess of 100 PFlops.
The supercomputer installed at the National
Supercomputing Centre in China displaced Tianhe-2, an
Intel-based Chinese supercomputer that has claimed the
top 1 spot on the past six TOP500 lists. The closely
watched list is issued twice a year.
Sunway TaihuLight system will be used for various
research and engineering work, in areas such as climate,
weather & earth systems modelling, life science research,
advanced manufacturing, and data analytics
Titan, a Cray X40 system installed at the US Department
of Energys (DOE) Oak Ridge National Laboratory, is now
at the third position. Sequoia, an IBM BlueGene/Q system
installed at DOEs Lawrence Livermore National
Laboratory and Fujitsus K computer installed at the
RIKEN Advanced Institute for Computational Science
(AICS) in Japan are at the fourth and fifth positions
respectively.
concerts: Using iPhones to record at live shows might

become a thing of the past as Apple has won a US patent
for a technology that can force iPhones into disabling
video-recording mode at concert venues. The system uses
infrared signals to send messages to your phone to tell it to
shut down video recording. Apples patent illustration
showed a phone at a concert with the words recording
disabled on screen. An infrared emitter can be located in
areas where picture or video capture is prohibited, and the
emitter can generate infrared signals with encoded data
that includes commands to disable the recording functions
of devices, the patent said. An electronic device can then
receive the infrared signals and temporarily disable the
devices recording function based on the command, it
added. The California-based US tech firm was awarded the
patent in June amid growing concerns that live-recording
by hundreds of camera phones spoils the experience of
attending a music concert live. The development comes as
musicians and actors regularly complain about the growing
use of mobile phones and selfie sticks at live performances,
which allow fans to immediately share content.
July 2016 Issue I
THE GENESIS
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Science & Technology
PSLV-C34 launches 20 satellites
institute satellites and were built with the involvement of

students from Sathyabama University, Chennai and
College Of Engineering, Pune, respectively.
The remaining 17 co-passenger satellites were
international customer satellites from Canada (2),
Germany (1), Indonesia (1) and the United States (13).
In its thirty sixth flight (PSLV-C34), ISROs Polar

Satellite Launch Vehicle successfully launched the 727.5
kg Cartosat-2 Series Satellite along with 19 co-passenger
satellites on June 22 from Satish Dhawan Space Centre
SHAR, Sriharikota. This is the thirty fifth consecutively
successful mission of PSLV and the fourteenth in its XL
configuration. The total weight of all the 20 satellites
carried on-board PSLV-C34 was 1288 kg.
After a flight of 16 minutes 30 seconds, the satellites
achieved a polar Sun Synchronous Orbit of 508 km
inclined at an angle of 97.5 degree to the equator (very
close to the intended orbit) and in the succeeding 10
minutes, all the 20 satellites successfully separated from
the PSLV fourth stage in a predetermined sequence.
After separation, the two solar arrays of Cartosat-2 series
satellite were deployed automatically and ISROs
Telemetry, Tracking and Command Network (ISTRAC) at
Bangalore took over the control of the satellite. In the
coming days, the satellite will be brought to its final
operational configuration following which it will begin to
provide remote sensing services using its panchromatic
(black and white) and multispectral (colour) cameras.
The imagery sent by the Cartosat-2 series satellite will be
useful for cartographic applications, urban and rural
applications, coastal land use and regulation, utility
management like road network monitoring, water
distribution, creation of land use maps, precision study,
change detection to bring out geographical and manmade
features and various other Land Information System (LIS)
and Geographical Information System (GIS) applications.
Of the 19 co-passenger satellites carried by PSLV-C34,
two SATHYABAMASAT weighing 1.5 kg and
SWAYAM weighing 1 kg are University/Academic
With this successful launch, the total number of satellites

launched by Indias workhorse launch vehicle PSLV has
reached 113, of which 39 are Indian and the remaining 74
from abroad.
2-wheelers on CNG launched

In a major step to curb
rising air pollution in
Indian
cities,
The
Petroleum and Natural Gas
Ministry launched first of
its kind Pilot Programme
in the country to run two
wheelers on Compressed Natural Gas (CNG) in June.
Being implemented by Indraprastha Gas Ltd and GAIL,
the Pilot Programme involves 50 CNG retrofitted two
wheelers. The scooters are being retrofitted with CNG kit
manufactured by Ituk Manufacturing India. The type
approval of the CNG kit has been taken from Automotive
Research Association of India (ARAI) as well as
Petroleum and Explosives Safety Organization (PESO).
As per idle emission test, the hydrocarbon emissions from
CNG retrofitted two wheelers are 75% lesser and CO
emissions are 20% lesser as compared to petrol driven
similar models. The CNG kit for two wheelers comprises
two CNG cylinders of 4.8 litre water capacity each, which
can be filled with up to 1 kg of CNG in each cylinder.
These CNG retrofitted two wheelers can drive upto 120
kms in a single fill and are expected to be substantially
economical as compared to a similar petrol run vehicle at
the current level of prices, as per the kit manufacturer.
The performance of 50 CNG retrofitted two wheelers
would be closely monitored in terms of efficiency,
emissions, etc. during the pilot phase and the learning from
this project would be used to develop the roadmap for
introduction of CNG in two wheeler segment across the
nation.
July 2016 Issue I
THE GENESIS
23
RECENT RELEASES
Dissenting Diagnosis
Complaints about the state of medical care are increasing
in todays India; whether its
unnecessary investigations,
botched
operations
or
expensive, sometimes even
harmful, medication. But
while
the
unease
is
widespread, few outside the
profession understand the
extent to which the medical
system is being distorted. Dr
Arun Gadre and Dr Abhay
Shukla
have
gathered
evidence from seventy-eight
practising doctors, in both
the private and public
medical sectors, to expose
the ways in which vulnerable patients are exploited by a
system that promotes unscrupulous medical practices.
At a time when the medical sector is growing rapidly,
especially in urban areas, with the proliferation of multispecialty hospitals and the adoption of ever-more
sophisticated technologies, rational and ethical medical
care is becoming increasingly rare. Honest doctors feel
under siege, professional bodies meant to regulate the
medical sector fail to do so, and the influence of the
powerful pharmaceutical industry becomes even more
pervasive.
Drawing on the frank and courageous statements of these
seventy-eight doctors dismayed at the state of their
profession, Dissenting Diagnosis lays bare the corruption
afflicting the medical sector in India and sets out solutions
for a healthier future.
Dr Arun Gadre is a gynaecologist. He practised in a
drought-prone area of rural Maharashtra for twenty years.
With the support of his anaesthetist wife, Dr Jyoti Gadre,
he ran a small hospital on a private basis, witnessing firsthand the degeneration of the once noble medical
profession. Unable to stem the rot and fatigued by
practising in a resource-poor set-up with rising patient
expectations, he left private practice to work as a
coordinator of a Pune-based NGO, SATHI, which
specializes in policy advocacy related to health care in
India. Dr Gadre is the author of seventeen books in
Marathi, including six novels, and is a recipient of several

literary awards.
Dr Abhay Shukla is a public health physician, with a
postgraduate degree in community medicine from the All
India Institute of Medical Sciences, New Delhi. He has
worked on health issues in collaboration with peoples
movements and grassroots NGOs in Maharashtra for two
decades.
Shoe Dog
Nike was not always as big of a name in shoes as it is today.
Nike was a rather small business at the start and it was all
run by Phil Knight, the man who
changed the shoe industry
forever. In 1962, fresh out of
business school, Phil Knight
borrowed $50 from his father and
created a company with a simple
mission: import high-quality,
low-cost athletic shoes from
Japan. Selling the shoes from the
boot of his Plymouth, Knight
grossed $8000 in his first year.
Today, Nikes annual sales top
$30 billion. The swoosh has become a revolutionary, globe
spanning icon, one of the most ubiquitous and recognisable
symbols in the world today. One of the worlds most
influential business executives, Knight is the founder of
NIKE, Inc. He served as CEO of the company from 1964
to 2004 and continues to this day as Board Chairman.
But Knight, the man behind the swoosh, has always
remained a mystery. Now, for the first time, he tells his
story. Candid, humble, wry and gutsy, he begins with his
crossroads moment when at 24 he decided to start his own
business. He details the many risks and daunting setbacks
that stood between him and his dream along with his early
triumphs. Above all, he recalls how his first band of
partners and employees soon became a tightknit band of
brothers. Together, harnessing the transcendent power of a
shared mission and a deep belief in the spirit of sport, they
built a brand that changed everything.
A memoir rich with insight, humour and hard-won
wisdom, this book is also studded with lessons about
building something from scratch, overcoming adversity
and ultimately leaving your mark on the world.
July 2016 Issue I
THE GENESIS
24
Group Discussion
Trade Unions in IT Companies
FOR
AGAINST
The Tamil Nadu government recently ruled that IT

employees are also free to form trade unions and redress
their grievances through evoking the provisions of the
Industrial Disputes Act 1947. This should be no cause for
surprise. It only reiterates the fundamental right of an
Indian citizen (under Article 19) to form associations or
unions. To view the statement as undermining the basis of
the Indian IT sectors global success, predicated on its
efficient and low-cost labour force, would be going too far.
Trade unions must be allowed to function as equal partners
in the production of goods and process, and as agencies for
collective bargaining and expression of dissent. To
suppress the second is to invite an exaggerated outburst, as
the auto sector has learnt the hard way in Gurgaon.
If Indian industry in general baulks at the thought of

unions, the reasons are not far to seek. Trade unions, often
backed by political forces pursuing their own agendas,
have at times taken the law into their hands. The textile
workers strike in Mumbai three decades ago degenerated
into mayhem, leading to the end of the era of integrated
mills and the technology benefits associated with it. Our
textiles industry lost out on global standards, leaving
workers, pushed into the unorganised sector, far worse off.
A saga of strikes and equally retaliatory lockouts in West
Bengal led to the decline of Kolkata as an industrial centre.
All India Bank Employees Association (AIBEA) is a
famous employee union routinely which paralyses public
sector banking operations for the rights and welfare of its
hundreds of thousands of members.
A series of peremptory layoffs in the IT sector 2015 has set

off an undercurrent of resentment among employees.
Interestingly, many companies take a written undertaking
from their employees to refrain from trade union activities.
IT sector has been a success story because it did not face

the sort of government and political interference which
affected other sectors. Allowing trade unions will vitiate
work culture in the sector that has been unaffected so far.
In 2016, several IT and e-commerce companies faced flak

for deferring and backtracking employment offers to
hundreds of pass-outs from leading Indian colleges,
notably Flipkart. Employees in India cutting across a range
of industries have active labour unions to ensure their
welfare. But the IT sector has none.
During the initial decades, when business was galloping at
very high growth rates, the industry took everyone along.
The sector became synonymous with plush offices, foreign
postings, attractive perks and stock options. There are
stories of how even the support staff (such as drivers and
office boys) of companies like Infosys became wealthy,
having acquired company stock in the early days. And
instead of firing employees, companies spent millions of
dollars in training even unemployable staff to feed the
constant requirement for more hands. But, over the last
couple of years, the rise of automation and the disruption
caused by digitisation are forcing IT companies to lay off
workers on terms unfavourable to them.
Employees in the sector were not interested in joining the
trade unions in the early days, but are now realising that
they lack a collective voice to fight for their rights. The
need for trade unionism in the industry is stronger than
earlier. (Also see next page: Labour Movement)
Trade unions are required to prevent exploitation of

workers, ensure better working conditions and increase
collective bargaining for wages. But IT firms are leaders in
compensation and benefits. In addition, Indias IT firms do
make consistent efforts in keeping the workforce
employable. Large Indian IT firms spend enormous
amounts on training of their employees and conduct
continuous learning programmes.
Unlike several government-owned companies where trade
unions thrive, the IT sector is a performance-driven
workplace where accommodating non-performers is just
not possible. There are cases where people dont want to
relocate and the company has no choice to end up firing
some. Once trade unions enter the picture, companies will
lose the ability to act fast and will be hamstrung by
cumbersome labour laws on hire and fire.
Trade unions are useful when people want job security
and want to work for a single employer for 25-30 years. IT
is an industry where people move from company to
company, depending on who is offering offer better pay
and attrition is in double digits. So IT is not a sector where
the employer has the upper hand where every wave of
automation results in massive layoffs.
July 2016 Issue I
THE GENESIS
25
Ideas & Ideologies

Labour movement: Workers in union
The trade union movement marked workers organised struggle against exploitation and demand for better
wages & working conditions by the use of collective bargaining with employers
The labour movement was the principal force that

transformed misery and despair into hope and progress.
Out of its bold struggles, economic and social reform gave
birth to unemployment insurance, old age pensions,
government relief for the destitute, and above all new wage
levels that meant not mere survival, but a tolerable life. The
captains of industry did not lead this transformation; they
resisted it until they were overcome. This speech delivered
by American civil rights activist Martin Luther King Jr in
1965 acknowledges the vital contribution of the labour
movement in transforming the lives of ordinary working
people. His words are equally true of the efforts of other
leaders who had championed the cause of working people
over the preceding hundred years.
King focuses on one of the key facets of
the labour movement: trade unionism. In
this aspect, the movements aim is to win
improvements in matters such as pay and
working conditions by means of
collective action. But - as King also
indicates gains made in these areas
were typically won in the teeth of fierce
opposition from employers. The fight for
recognition of workers rights - most
importantly, the right to unionize - dominated the early
stages of the labour movement.
The Struggle for recognition

The labour movement remains a somewhat nebulous
concept, partly because it has always meant different things
to different people. From early on, the struggles of ordinary
working people acting collectively to improve their lot had
a strong, even romantic appeal to radicals and
revolutionaries. Communist ideologue Karl Marxs
analysis of history as class struggle presents the working
class (proletariat) as a united group capable of concerted
action against the capitalist class (bourgeoisie).
Organised labour union was a direct response to the new
and often harsh world forged in the furnace of industrial
capitalism. Collective bargaining, in which workers would
appoint representatives to negotiate pay and other terms of
employment, offered some defence against the exploitation
of labour that was endemic in a system of largely
unregulated industry and commerce. Predictably,
employers who felt that their own interests were threatened
by this new assertiveness fought back, either taking matters

into their own hands, or attempting (often successfully) to
put legal barriers in the path of labour activism. In most
countries, the most basic workers right - the right to
organize - remained a central issue throughout the 19th
century, and was only satisfactorily resolved in the 20th.
From plenty to hardship

The golden age of trade unionism, and of the labour
movement generally, was the first three decades after the
Second World War. The election of left-leaning, social
democratic parties in many countries marked the beginning
of unprecedented cooperation between government and
labour, as capitalism mitigated by
redistributive taxation and high social
spending brought a transformation in
welfare and living conditions. Massproduction
methods
became
ubiquitous, giving extra bargaining
power to large-scale general unions
and contributing to sustained economic
prosperity that brought higher wages,
better working conditions and all
manner of consumer goods to
generations of newly affluent workers.
The bubble burst as massive and irreversible changes
transformed the world order, economically and politically.
Most significantly, in the last quarter of the 20th century,
the forces of globalization brought mobility of capital and
labour that made socialist goals such as full employment
and cradle-to-grave welfare provision look unattainable. In
the so-called post-industrial age, the growing realization of
a global single market made the quest for international
competitiveness paramount.
As traditional heavy industries were squeezed by the
inexorable growth of the service sector, old-style trade
unionism was portrayed as rigid, archaic and out of touch.
In a world where the buzzword was flexibility and cheap
labour was readily available, unions found themselves
increasingly marginalized and fragmented; where they
were not frozen out completely, their bargaining power
was much reduced, and concerted and centralized action all
but impossible. Ideologically, too, the ground had shifted,
as businesses demanded deregulation and the free play of
market forces.
July 2016 Issue I
THE GENESIS
26
Do you remember?
(All questions based on content of previous issue; Answers on page No: 28)
1. Switzerland is a member of (NATO/EU/UN/G7/All):

2. Who is the President of Switzerland and what is the
22. Who was nominated to the Rajya Sabha from
capital?
Who is the President of Mexico?
Who is the ruler (Emir) of Qatar?
Which India-built dam was inaugurated in Afghanistan
in June?
Which award was conferred on Prime Minister
Narendra Modi in June?
Union Urban Development Minister M. Venkaiah
Naidu was elected to the Rajya Sabha from which state
in June?
Which English media journalist was elected to the
Rajya Sabha from MP as BJP candidate in June?
Mukhtar Abbas Naqvi was elected to the Rajya Sabha
from Jharkhand in June. He is the Minister of State for:
Nirmala Sitharaman was elected to the Rajya Sabha
from Karnataka in June. She is the Minister of State for:
Manikarnika Ghat is in which temple town of North
India?
Currently seven life threatening diseases diphtheria,
whooping cough, tetanus, polio, ______, measles and
Hepatitis B are covered under governments Mission
Indradhanush immunisation initiative.
The government has decided to cover four more
diseases ______, measles rubella, inactivated polio
vaccine and Japanese Encephalitis for adults in its
Mission Indradhanush immunisation initiative.
Which University has won the National Youth
Parliament Competition conducted by the govt. in June?
The Art of Living has deposited Rs 4.75 crore
compensation to Delhi Development Authority for
spoiling ecosystem of which river?
The Central Ammunition Depot at which place in
Maharashtra suffered a major fire and deaths of more
than 20 people on May 31?
Wheeler Island is also known as:
Five Lok Sabha MPs were honoured with the Sansad
Ratna Awards in Chennai in June by which Foundation
and e-magazine PreSense?
Russia honoured R.S. Sundar with Order of
Friendship for his efforts in setting up nuclear power
plant at:
Which entrepreneur in the field of education won the
NIQR - Bajaj Auto Outstanding Quality Man Award in
June?
Which leaders mother won the Nari Jagran Samman 2016 award in June?
23. Who is the head of Law Commission of India?

24. Which actress is the ambassador for Swachh Bharat
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
Maharashtra in June?
25.
26.
27.
28.
29.
30.
31.
32.
33.
34.
35.
36.
37.
38.
39.
40.
41.
42.
43.
Missions Swachh Saathi (student internship)

programme?
Journalist K.K. Katyal died on June 8 at the age of 88.
He was associated with which English newspaper for
most of his career?
Which Padma Shri recipient Gujarati folk singer passed
away at the age of 83 years on May 19?
Which theatre and film actress died in Mumbai on June
4 at the age of 79?
Which was the only movie produced by film critic
Vikas Mohan who died in Mumbai on May 31?
Which Maharashtra Police couple have claimed to have
scaled Mount Everest together on May 23?
Where was a three day 100 Smart Cities India
Conference organised in Europe in June?
What is the capita of Ghana and who is the President?
India has announced also $1 million assistance for the
____ Centre for Excellence in Information and
Communication Technology in Ghana.
The India-_____ Chamber of Commerce and Industry
(IMCCI) was launched by Vice President Hamid Ansari
on May 31.
The bilateral exercises between Indian Air Force and
United Arab Emirates Air Force held in June were
called:
Which place in Mathura was in news for clashes
between police and encroachers in which 21 people died
on June 2?
What is the air quality index mobile app launched by
CM Vasundhara Raje in Rajasthan in June called?
Expand the abbreviation SAFAR in context of air
quality?
Which NGO has built Indias largest rooftop solar
energy plant in Beas town in Punjab in June?
Who became the new Chief Minister of Puducherry in
June?
Which person started the once in two year Good
Country Index that ranked India 70th out of 163
countries in June?
Which country topped the Good Country Index in June?
Which Australian NGO has given India the worst rank
on its Global Slavery Index of 167 countries?
Which global institute has ranked India 141st among
163 countries on its Global Peace Index in June?
July 2016 Issue I
THE GENESIS
27
44.
45.
46.
47.
48.
49.
50.
51.
52.
53.
54.
55.
56.
57.
58.
59.
60.
61.
62.
63.
64.

Which are the best and worst countries on the 16365.
country Global Peace Index in June?
The worlds longest and deepest rail tunnel, the 5766.
kilometer long Gotthard Base Tunnel, is under which
mountain range?
What is Asias largest Defence Summit organised in
67.
Singapore in June called?
What was the military exercise organised by NATO in
68.
Poland in June named?
Which wealthy country held a referendum on the issue
of guaranteed basic income for every citizen in June?
69.
Which Bengaluru-based NGO was honoured with the
70.
Nikkei Asia Prize in Japan in the field of Economic
71.
and Business Innovation recently?
Which Indian is among the three winners of Japans
72.
73.
Grand Fukuoka Prize in June?
United Nations Secretary-General Ban Ki-moon
74.
received the Order of Friendship honour from which
country recently?
Oscar Niemeyer is a globally renowned _____
75.
76.
(Astronomer/Architect/Journalist/Director).
Who has won the 100,000-euro International Dublin
Literary Award and for which book in June?
77.
Who has won the Commonwealth Short Story prize and
78.
for which story in June?
Which media organisation gave the Freedom of Speech
79.
Award to Turkish journalist Sedat Ergin in Bonn in
June?
Which: Indian-American scientist received the
80.
prestigious Springer Theses Award recently?
Who won the Scholastic Asian Book Award for
81.
Codex: The Lost Treasure of The Indus in June?
Which actress joined Nicole Kidman and Emma
82.
Watson as global goodwill ambassador of UN Women
83.
to promote gender equality in June?
Who was elected new president of Peru in June?
Expand the abbreviation UNMOGIP?
84.
Who was recognised as the worlds oldest university
85.
graduate by the Guinness World Records at 96 years
86.
recently?
Who composes national anthem of Nepal? He died on
87.
June 7.
What was boxer Muhammad Ali known as before he
88.
converted to Islam?
Boxing legend Muhammad Ali won Olympic gold
89.
medal in which year?
Muhammad Ali became the world heavyweight boxing

champion for the first time in 1964 against:
Chinas Li Na was named member of the Laureus
World Sports Academy in June for her achievements in
which sport?
Who are the winners Purple cap and the Orange cap at
the Indian Premier League (IPL) that concluded on May
29?
Who was the Most Valuable Player (MVP) at the Indian
Premier League (IPL) that concluded on May 29?
Who was the first batsman to react 10,000 runs in test
cricket and who is the latest to achieve this feat?
Who won Mens Singles title at French Open tennis?
Who won Womens Singles title at French Open tennis?
Who won Mixed Doubles title at French Open tennis?
Who won the following won the Womens Singles title
in Australian Badminton Open in June?
Who won the following won the Mens Singles title in
Australian Badminton Open in June?
The 2018 Winter Olympics will be held at:
Who won the UEFA Champions League football title in
May?
Who won Formula One Monaco Grand Prix on May
29?
Abhinav Bindra won Indias only individual gold medal
at Olympic Games in which year?
Which 2012 London Olympics silver medallist Indian
wrestler has not been selected for the 2016 Games?
Who was the first Indian bodybuilder to become Mr.
Universe in 1952?
Who was the last Indian bodybuilder to become Mr.
Universe in 1952?
Which Indian won gold medal at the Asian Continental
Open chess championship in Tashkent in June?
Which team won the Louis Philippe Cup Pro Golf
League in Bengaluru in June?
Who is Director General of India Meteorological
Department (IMD)?
What is LPA in weather forecasting?
World Bank has classified India as lower-_____ income economy.
What is Indias GDP growth in 2015-16 according to
CSO in June?
What is Indias per capita income (at current prices) in
2015-16 according to CSO in June?
What is NDTL in banking terminology?
July 2016 Issue I
THE GENESIS
28
Answers
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
28.
29.
30.
United Nations
Johann Schneider-Ammann,
Berne
Enrique Pena Nieto
Tamim bin Hamad Al Thani
Salma Dam (renamed as
Afghan-India
Friendship
Dam)
Amir Amanullah Khan Award
Rajasthan
M. J. Akbar
Minority
Affairs
and
Parliamentary Affairs
Commerce and Industry
Varanasi
Tuberculosis
Rotavirus
Jadavpur University, Kolkata
Yamuna
Pulgaon
Abdul Kalam Island
Prime Point Foundation
Kudankulam
Achyuta Samanta
Narendra Modi
Sambhaji Raje Chhatrapati
Justice B S Chauhan
Dia Mirza
The Hindu
Diwaliben Bhil
Sulabha Deshpande
Aarzoo
Dinesh, Tarakeshwari Rathod
Berlin
31.
32.
33.
34.
35.
36.
37.
38.
39.
40.
41.
42.
43.
44.
45.
46.
47.
48.
49.
50.
51.
52.
53.
54.
55.
56.
57.
58.
59.
Accra, John Dramani Mahama

Kofi Annan
Morocco
Desert Eagle II
Jawahar Bagh
RajVayu
System of Air Quality and
Weather Forecasting Research
Radha Soami Satsang Beas
(RSSB)
V. Narayanasamy
Simon Anholt
Sweden
Walk Free Foundation
Institute for Economics and
Peace (IEP)
Iceland, Syria
Alps in Switzerland
Shangri-La Dialogue
Anaconda
Switzerland
Akshaya Patra Foundation
Composer A R Rahman
Russia
Architect
Akhil Sharma for Family
Life
Parashar Kulkarni for Cow
and Company
Global Media Forum
Arnab De
Aditi Krishnakumar
Anne Hathaway
Pedro Pablo Kuczynski
60.
61.
62.
63.
64.
65.
66.
67.
68.
69.
70.
71.
72.
73.
74.
75.
76.
77.
78.
79.
80.
81.
82.
83.
84.
85.
86.
87.
88.
89.
United Nations
Military
Observer Group
Shigemi Hirata of Japan
Amber Gurung
Cassius Marcellus Clay Jr.
1960
Sonny Liston
Tennis
Bhuvneshwar Kumar and
Virat Kohli
Virat Kohli
Sunil Gavaskar, Alastair Cook
Novak Djokovic (Serbia)
Garbine Muguruza (Spain)
Leander Paes and Martina
Hingis
Tai Tzu Ying (Chinese Taipei)
Lee Chong Wei (Malaysia)
Pyeongchang (South Korea)
Real Madrid
Lewis Hamilton of Mercedes
2008
Sushil Kumar
Manohar Aich
Premchand Dogra
S P Sethuraman
Take Chennai
Laxman Singh Rathore
Long Period Average
Middle
7.6%
Rs. 93,293
Net demand and time
liabilities
Brand names that entered the language

Styrofoam: Expanded polystyrene is often called Styrofoam though the word is a trade name of the Dow Chemical Co.
Teflon: The trade name for a solid, chemically inert polymer of tetrafluoroethylene manufactured by DuPont rather than
any non-stick coating on cooking utensils.
Thermos: The first vacuum flasks were made Germany in 1904 by Thermos GmbH. The tradename for their flasks is still
registered.
Tupperware: Plastic storage boxes made by any firm other than the Tupperware Corp have no right to use that name.
Vaseline: Petroleum jelly produced by Unilever is known as Vaseline. Anything else is just plain petroleum jelly.
Walkman: Mobile personal stereo systems not produced by Sony cannot properly bear the name.
July 2016 Issue I
THE GENESIS
29
Corporate Knowledge Quiz

(All questions based on content in this issue & previous issue)
(Answer Key on Page No: 34)
1. Who among the following Indians was named by Time

magazine in its 2016 list of 10 millennials who are
changing the world in June?
a) Jerry Rao
b) Umesh Sachdev
c) Pramod Bhasin
d) Ajit Balakrishnan
2. Who is the Managing Director and Chief Executive
Officer of Hindustan Unilever (HUL)?
a) Saroj Poddar
b) Rakesh Kapoor
c) Sanjiv Mehta
d) Harish Manwani
3. Which of the following has launched Project
Premonition to detect infectious disease outbreaks before
they become widespread?
a) IBM
b) Google
c) Microsoft
d) Cisco
4. Which of the following has entered the 4G tablet market
with devices under the moreGmax brand in June?
a) Lava
b) Milagrow
c) Karbonn
d) DataWind
5. Which of the following has launched Thought Factory
for developing innovative technology solutions for the
banking sector in June?
a) ICICI Bank
b) Axis Bank
c) Kotak Bank
d) HDFC Bank
6. Which cosmetics company announced a deal to acquire
Elizabeth Arden Inc in an $870 million deal in June?
a) LOreal
b) Lancome
c) Revlon
d) Coty
7. Wet leasing of an aircraft is:
a) Hiring of only the aircraft
b) Hiring of only the crew

c) Hiring of the crew as well as the aircraft
d) Only leasing a certain number of seats in the aircraft
8. Which co-founder of the venture capital firm Kleiner
Perkins Caufield Byers died on June 7 at the age of 84?
a) Frank J. Caufield
b) Thomas Perkins
c) Eugene Kleiner
d) Brook Byers
9. Which is the only Indian bank named in a Hall of
Shame list of 158 banking and financial institutions
globally that have invested in companies making cluster
bombs?
a) State Bank of India
b) Bank of Baroda
c) Canara Bank
d) Punjab National Bank
10. Which of the following has been rated as the most
expensive on the basis cost of living in the Asia Pacific
(APAC) region by visual analytics app Qlik in June?
a) Seoul
b) Tokyo
c) Singapore
d) Mumbai
11. Which Indian industrialist was elected as Chairman of
the International Chamber of Commerce (ICC) in June?
a) Kumarmangalam Birla
b) Sunil Bharti Mittal
c) Harsh Mariwala
d) Anand Mahindra
12. Which of the following terms was introduced by
management guru Alvin Toffler who died aged 87 on June
27?
a) Adhocracy
b) Meritocracy
c) Bureaucracy
d) Plutocracy
13. Which of the following launched e-books History of
Indian Start-up Ecosystem and Timeline of Indian Startup Ecosystem in June?
a) IBM
July 2016 Issue I
THE GENESIS
30
b) Google
a) Mahindra
c) Microsoft
b) Tata
d) Cisco
c) Adani
d) A V Birla
14. Which is Indias most expensive prime office market
location according to property consultant CBRE in June?
21. Hindustan Urvarak & Rasayn Ltd was set up by NTPC
a) Khan Market, Delhi
and CIL in June to revive the ailing fertiliser plants of
b) Bandra-Kurla Complex, Mumbai
which of the following?
c) Nariman Point, Mumbai
a) Fertilisers and Chemicals Travancore
d) Connaught Place, Delhi
b) Fertilizer Corporation of India
c) Gujarat Narmada Valley Fertilisers and Chemicals
15. Which of the following launched Toughbook tabletd) Nagarjuna Fertilisers & Chemicals
laptop in June?
a) Panasonic
22. Which of the following launched a specially designed
b) Lenovo
yoga wear collection under the Yogasutra brand in June?
c) Hitachi
a) Biba
d) Toshiba
b) Fabindia
c) National Textile Corporation
16. Alex Osborn is credited with coining which of the
d) Khadi & Village Industries Commission
famous following terms?
a) Virtual Reality
23. Which of the following acquired Wand Labs, which
b) Brainstorming
builds messaging technology for apps, in June?
c) Cyberspace
a) Microsoft
d) Knowledge worker
b) Twitter
c) Facebook
17. Which of the following has topped the Fortune Next
d) Google
500 list of Indian companies in June?
a) VRL Logistics
24. Gamesa of Spain is one of worlds largest companies
b) Dynamatic Technologies
in which business?
c) Nectar Lifescience
a) Nuclear energy
d) Oswal Woollen Mills
b) Tidal energy
c) Wind energy
18. What is the auction system in which the auctioneer
d) Solar energy
offers an item for sale at a higher price and the price is
gradually lowered until it meets a responsive bid and is
25. Which of the following announced a deal to merge Max
sold called?
Financial Services with itself in June?
a) Spanish auction
a) Birla Sun Life
b) German auction
b) HDFC Standard Life
c) Chinese auction
c) ICICI Prudential Life
d) Dutch auction
d) Bajaj Allianz Life
19. Who is the founder of NGO Magic Bus which steers
children towards a better life in the journey from childhood
to livelihood?
a) Jean Dreze
b) Mathew Spacie
c) Madhav Gadgil
d) Simon Anholt
26. Which of the following announced a deal to acquire

Welspun Renewable Energy Pvt Ltd (WREPL) for more
than Rs. 9000 crore in June?
a) Tata Power
b) NTPC
c) Adani Power
d) Reliance Power
20. Former BSE Managing Director Madhu Kannan is

currently associated with which corporate group?
27. Which domestic mobile handset company forayed into

virtual reality with the launch of headset Eyelet in June?
July 2016 Issue I
THE GENESIS
31
a) Micromax
b) Karbonn
c) Spice
d) Intex
28. Which of the following announced a deal to acquire
LinkedIn Corp for $26.2 billion in June?
a) Microsoft
b) Twitter
c) Facebook
d) Google
29. Forbes annual list of the Worlds Highest Paid Athletes
based on earnings between June 2015-June 2016 has been
topped for the first time by a:
a) Swimmer
b) Footballer
c) Facebook
d) Golfer
30. The India-USA Totalisation Agreement refers to:
a) Ending anti-dumping duties on exports
b) Easing restrictions on FDI in India
c) Exemption of Indian professionals from social security
taxes in USA
d) Protection for intellectual property rights of American
companies
31. Which of the pairs of founders is not matched correctly
with his company?
a) Twitter Jack Dorsey
b) Dropbox Drew Houston
c) Tesla & SpaceX Elon Musk
d) Netflix Reid Hoffman
32. Which industrialists wife has been nominated as the
first Indian woman member of the International Olympic
Committee?
a) Kalanithi Maran
b) Mukesh Ambani
c) Anand Mahindra
d) Subhash Chandra
33. Which of the following has launched Mingle to enable
its customers to access banking services via social
platforms such as Twitter and Facebook in July?
a) State Bank of India
b) Bank of Baroda
c) Canara Bank
d) Punjab National Bank
34. Nuclear Power Corporation of India Ltd will set up 6

nuclear power plants in Gujarat in joint venture with:
a) Constellation
b) UniStar
c) Westinghouse
d) GEHitachi
35. USA has decided to return stolen cultural artifacts
worth more than $100 mn to India recovered during:
a) Operation Hidden Idol
b) Operation Stolen Heritage
c) Operation Treasure Recovery
d) Operation Lost Revival
36. RBI Governor Raghuram Rajan will join which of the
following after completing his term in September?
a) Haas School of Business
b) Harvard Business School
c) Booth School of Business
d) Columbia Business School
37. Which fashion designer was named an international
goodwill ambassador by UNAIDS in June?
a) Calvin Klein
b) Kenneth Cole
c) Karl Lagerfeld
d) Tommy Hilfiger
38. Which of these is a book by Raghuram Rajan?
a) India Grows At Night: A Liberal Case For A Strong
State
b) Breakout Nations: In Search of the Next Economic
Miracles
c) Fault Lines: How Hidden Fractures Still Threaten the
World Economy
d) An Uncertain Glory: India and its Contradictions
39. The sixth Indian consulate in USA after New York, San
Francisco, Chicago, Houston and Atlanta will be set up at:
a) Little Rock
b) Seattle
c) Detroit
d) Cary
40. Raghuram Rajan worked as Chief Economist at
______ in 200306.
a) WB
b) IMF
c) ADB
d) RBI
July 2016 Issue I
THE GENESIS
32
41. India suffers a loss of USD 21.3 billion because of
additional fuel consumption from poor roads and frequent
halts. This was the conclusion of a study conducted jointly
by logistics firm Transport Corporation of India (TCI) and
IIM-_____.
a) Lucknow
b) Indore
c) Ahmedabad
d) Kolkata
42. Which industrialist was elected to the Rajya Sabha as
an Independent candidate from Haryana in June?
a) Kalanithi Maran
b) Mukesh Ambani
c) Anand Mahindra
d) Subhash Chandra
43. What is the currency of Switzerland?
a) Swiss Euro
b) Swiss Pound
c) Swiss Dollar
d) Swiss Franc
44. Which public sector company built the Afghan-India
Friendship Dam (earlier known as Salma dam) that was
inaugurated in June?
a) EIL
b) ITDC
c) WAPCOS
d) NHPC
46. Which well-known cosmetics brand is owned by

French billionaire Liliane Bettencourt?
a) LOreal
b) Lancome
c) Revlon
d) Coty
47. Which of the following was ranked as the worlds
expensive prime office market location according to
property consultant CBRE in June?
a) Midtown Manhattan, New York
b) West End, London
c) Central, Hong Kong
d) Finance Street, Beijing
48. Philanthropic arm of which company has tied up with
Magic Bus to assist 1700 underprivileged children of
Mumbai and New Delhi under the Childhood to
Livelihood initiative in June?
a) Vedanta
b) Bharti Enterprises
c) Infosys
d) L&T
49. Social Media day was observed on:
a) June 30
b) June 25
c) July 5
d) May 31
50. Angrezipanti ko dikhao angootha is a recent campaign
launched by which mobile phone maker in June?
a) Lava
b) Intex
c) Karbonn
d) Micromax
45. Who became first Indian RBI Governor in 1943?

a) R.N. Malhotra
b) S. Jagannathan
c) Sir Benegal Rama Rau
d) Sir Chintaman D. Deshmukh

Point-Counterpoint
We understand that in a consensus-based

organisation, one country can break
consensus. But in order to do so it must feel
comfortable that it will not be isolated.
Thomas Shannon, US Undersecretary of
State for Political Affairs, referring to Chinas
role in blocking Indias bid to join NSG
The remarks made by the U.S. official tries

to drive a wedge between regional countries,
confuse right from wrong and are extremely
irresponsible.
Hong
Lei,
Spokesperson
July 2016 Issue I
Chinese
government
THE GENESIS
33
Crossword
(Solution on page No: 54)
ACROSS
2. A blow on the back of the neck? (6-5)
7. Ex-India P.M. Morarjibhai ___ (5)
8. Boredom (5)
9. Famous French artist (7)
13. Cover up a misdemeanour (9)
15. Mathematician and astronomer of ancient India after
whom our first satellite was named (9)
18. These radiation particles are helium nuclei (5)
20. Capitulate (7)
21. Certain sect - I mash anagram? (5)
22. Popular hard drive brand (7)
25. Best compromise or most favourable condition for
growth, etc. (7)
27. Exchange of information (7)
28. One of USAs middle-westerners (5)
32. A type of tree? (5)
35. Large crustacean (7)
40. Fine race horse? (7)
41. Set aside for special purpose (7)
42. Mrs. Ajay Devgan? (5)
43. Hard to pin down, slippery (7)
44. ___ plane: the plane from which height etc. is
measured? (5)
45. Rock group of Unforgiven fame? (9)
49. In a noisy and obtrusive manner (9)
53. Solidify (7)
54. River of India, Pakistan & Tibet (5)
55. Supply new weapons (5)
56. Union territory neighbouring Tamil Nadu (11)
DOWN
1. Another pet name for Eliza? (4)
2. Pilaff base (4)
3. Base anagram for an India river? (4)
4. Union of Soviet Socialist Republics (4)
5. A plant with medicinal properties (4)
6. Sanjay or Sunil of Bollywood (4)
9. Low lying watery tracts of land (7)
10. Congeal (7)
11. Japanese warrior of yore (7)
12. Raise an ____: exhibit mild disapproval? (7)
13. A type of marine fish (6)
14. Capital of Manipur (6)
16. Laws or propositions (6)
17. Waiting to receive visitors (2,4)
19. Amer Inst. Of Aero. & Astro. (4)
21. Alternate, abbr. (4)
23. Animal sanctuary in Gujarat? (3)
24. Fungal disease (5)
26. One of hundred to a rupee? (5); 29. British Empire Medal (3)
DOWN
30. ___ Chandra Chatterji: creator of Vande Mataram?
(6)
31. Ghazal singer ___ Singh (6)
32. ____ of Exchange: The Hundi? (4)
33. Present in a localised area (7)
34. He was a great devotee of Lord Rama (7)
35. Forget about it in a way, also Beetles famous song?
(3,2,2)
36. Shyam ___: film director beyond compare? (7)
37. ____ on a persons toes: offended his feelings or
privileges? (4)
38. Rapping sound of door knocker (3-3)
39. Of clothes, tight and revealing (6)
46. A den unsuitable for a girl? (4)
47. Have difficulty in pronouncing certain words (4)
48. Strong string (4)
50. Loaf around (4)
51. Crooked or askew; out of order (4)
52. Zhivagos heroine (4)
July 2016 Issue I
THE GENESIS
34
Corporate Knowledge Quiz: Answer Key

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Sudoku
(Solution below)
SUDOKU II
SUDOKU I
Solutions:
CROSSWORD
SUDOKU I
SUDOKU II
July 2016 Issue I
THE GENESIS

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2

Endeavor Careers Dream Endeavor Achieve

An investment in knowledge pays the best interest. Benjamin Franklin

July 2016 Issue I

Brexit: Bye-bye Britain!

The people of Britain voted for a British exit, or Brexit,

Immigration was a big issue for anti-EU campaigners.

July 2016 Issue I

About European Union

environment, transport, consumer rights and even things

Trade & investments

July 2016 Issue I

Current Affairs: India

July 2016 Issue I

July 2016 Issue I

July 2016 Issue I

July 2016 Issue I

Current Affairs: States

July 2016 Issue I

Current Affairs: World

Arktika, said to be the worlds biggest and most

Gregory Rabassa, a distinguished translator from

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Former India skipper Anil Kumble (45) was appointed as

Kumble is a right-arm leg spinner with an unorthodox

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Current Affairs: Sports

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Current Affairs: Economy

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July 2016 Issue I

Alvin Toffler, the U.S. author and

as the society after agrarian

Tofflers groundbreaking book

The Second Wave is the society

July 2016 Issue I

Current Affairs: Corporate

Time magazines 10 Millennials

Phones can help increase financial inclusion or help a

Sachdev has been named by Time to its

The ten Millennials: Saorise Ronan, actress, Ireland; Saran

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July 2016 Issue I

MERGERS & ACQUISITIONS

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Siemens to acquire Gamesa: Siemens and Spains Gamesa agreed in June to

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CORPORATE SOCIAL RESPONSIBILITY

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Chinese supercomputer worlds fastest

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Other systems in the top ten include a BlueGene/Q system

Apple tech to bar cameras at concerts

Sunway TaihuLight topped the list of the Top 500

concerts: Using iPhones to record at live shows might

July 2016 Issue I

Science & Technology

PSLV-C34 launches 20 satellites

institute satellites and were built with the involvement of

In its thirty sixth flight (PSLV-C34), ISROs Polar

With this successful launch, the total number of satellites