THE DBM WEEKLY

6th-12th Jan 2018 VOL.-2, ISSUE:-2

EDITORIAL
Playing of national anthem in cinema halls made optional GROUP
DIBYARANJAN SAHOO
The Supreme Court on Tuesday modified its November 30, 2016 OMM PR. PANIGRAHI
interim order and made it optional for cinema halls to play the 52-second A.VINAYKUMAR
BIKASH NAIK
national anthem before every show. K. GANESH
ROUMYARANJAN DAS
A Bench, led by Chief Justice of India Dipak Misra, clarified that it is
not mandatory to play the anthem before screenings. The court left the choice
of whether to play the anthem or not to the discretion of individual cinema hall
owners. However, if the anthem was played, patrons were bound to stand up
in respect. The court clarified that the exception granted to the disabled persons
“shall remain in force on all occasions.”
Home Ministry order
The court banked on a Union Home Ministry order of 2015 which directs that “whenever the
Anthem is sung or played, the audience shall stand to attention.”
“Playing of the Anthem is directive, but showing respect is mandatory,” Chief Justice Misra
observed. The court took note of its judgment in the Bijoe Emmanuel versus State of Kerala, which
dealt with three children belonging to the Jehovah Witnesses sect who refused to sing the anthem
in the school assembly though they stood up in respect, to drive home the point that standing up
was a sign of “proper respect” to the anthem. “Proper respect is shown to the National Anthem by
standing up when the National Anthem is sung," the Bench quoted Justice O. Chinnappa Reddy’s
words in the verdict.
The Prevention of Insults to National Honour Act states: “Whoever intentionally prevents the
singing of the Jana Gana Mana or causes disturbances to any assembly engaged in such singing
shall be punished with imprisonment for a term, which may extend to three years, or with fine, or
with both.”
twitter CORNER

12-01-18

Sensex …………………. ₹ 32,597

US Dollar………………….₹ 64.52
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VOL-2,ISSUE-2 ©DEPARTMENT OF BUSINESS MANAGEMENT ,CUO,2017-18

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6th-12th Jan 2018 BUSINESS WEEKLY THE DBM WEEKLY

Government eases norms for FDI Income Tax department steps up

in single brand retail, actions under prohibition
construction, civil aviation
of Benami Property Transactions
The Union government on Wednesday Act
liberalised and simplified the Foreign Direct
Investment (FDI) regime in a host of sectors,
including Single Brand Retail Trading (SBRT), The Income Tax Department on Thursday
civil aviation (aimed at facilitating Air India’s stepped up actions under the prohibition of
divestment), construction development, power Benami Property Transactions Act (Benami
exchanges, pharmaceuticals and audit firms. Act), which provides provisional attachment and
subsequent confiscation of benami properties,
The government said the goal was to whether movable or immovable.
help the country attract larger FDI inflows that
is expected to contribute to growth of
investment, income and employment in the Govt pegs GDP growth rate at 6.5%
country. for the current fiscal
The advance estimates of the GDP growth
The Union Cabinet, chaired by Prime
Minister Narendra Modi, gave its approval to stood at 6.5% for the current fiscal FY18,
permit 100 per cent FDI under the automatic according to the Central Statistics Office.
route for SBRT. The extant policy on SBRT • The GDP growth in the previous fiscal (FY
allows 49 per cent FDI under the automatic 17) stood at 7.1%.
route, and FDI beyond 49 per cent and up to • The GDP for the first half of FY18
100 per cent through the government approval registered a growth rate of 6%. The GDP growth
route. rate for the first quarter of FY18 fell to a three-
year low of 5.7%.
Paytm sets up investment arm • The numbers come just days ahead of the
Union Budget 2018 which will be presented on
Paytm has set up a new entity called February 1, 2018.
Paytm Money Ltd that will offer investment
and wealth management products and will
invest close to $10 millionupfront in the new
entity.Paytm Money is the fourth product from
One97’s stable after Paytm Mall, Paytm
Payments Bank and Paytm wallet. It will be
available as a separate mobile application to
users.Paytm is run by One97 Communications
Ltd Vijay Shekhar Sharma is the founder of
One97 Communications

VOL-2,ISSUE-2 ©DEPARTMENT OF BUSINESS MANAGEMENT ,CUO,2017-18


6th-12th Jan 2018 BUSINESS WEEKLY
GOI announces launch of 7.75%
Savings (Taxable) Bonds, 2018
Government of India has announced to launch
of 7.75% Savings (Taxable) Bonds, 2018
commencing from 10th January 2018 to enable
resident citizens/HUF to invest in a taxable bond,
without any monetary ceiling.
 The Bonds are open to investment by
individuals (including Joint Holdings)
and Hindu Undivided Families. NRIs are
not eligible for making investments in
these Bonds.
 The Bonds will be issued for a minimum
amount of Rs.1,000/- (face value) and in
multiples thereof. Accordingly, the issue
price, will be Rs.1,000/- for every
Rs.1,000/- (Nominal).
 There will be no maximum limit for
investment in the Bonds.
 The Bonds will have a maturity of 7
years carrying interest at 7.75% per
annum payable half- yearly. The
cumulative value of Rs. 1,000/- at the
end of seven years will be Rs. 1,703.
Budget 2018-19: Arun Jaitley may hike
income tax exemption limit from Rs
2.5L to Rs 3L or more
The middle class is likely to get some relief in
the 2018-19 budget which is expected to reflect a
please-all strategy as it is the last regular budget of the
BJP-led government ahead of the general elections in
2019. According to senior officials, the finance
ministry is considering a proposal to hike the personal
income tax exemption limit from Rs 2.5 lakh per
annum to Rs 3 lakh or more and also introduce some
changes in the tax slabs to lighten the taxpayers'
burden.
VOL-2,ISSUE-2 ©DEPARTMENT OF BUSINESS MANAGEMENT ,CUO,2017-18
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THE DBM WEEKLY
India to have no 2G internet
subscribers by June
2019: CyberMedia Research
Decline in mobile data rates and
availability of low-cost 4G chipsets is
likely to end 2G internet subscription in
India by June 2019, CyberMedia
Research said today.
"after Jio's entry, the projections
indicate that by the first quarter of
(financial year) 2020, India would have
zero subscribers using 2G internet
services.
"This advance is because of the
exponential growth in the decline rate
(of narrowband internet) after Jio on the
scene, which has been 12 per cent
average every quarter," Faisal Kawoosa,
Principal Analyst for
Telecommunications and ESDM, CMR
said in a report.
"With the 4G cellular capability
now in a feature phone as well as
bundling of entry-level smartphones by
various incumbent operators, the pace
towards 4G becoming the default
wireless internet access is on the rise,"
the report said.
Following Jio's cashback offer on
4G phones, Airtel and Vodafone have
also started such schemes in partnership
with various low cost smartphone
vendors.
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6th-12th Jan 2018 BUSINESS WEEKLY THE DBM WEEKLY

Bajaj Auto re-launches Discover Israel to invest USD 68.6 million

brand to boost cooperation with India

Pune-based automaker Bajaj Auto on
Wednesday launched two bikes under the
Discover brand.
The company expects the new bikes -
Discover 110cc and Discover 125cc – to help it
increase its market share in the executive
segment.
Eric Vas, president (motorcycle
business) at Bajaj Auto, said the company’s
focus in the last two-and-a-half years was
primarily on premium and entry-level
segments where it has a combined market share
of 31 per cent. “From this year onwards, we
will pivot additional sources into the executive
segment,” Vas said.
Israel will invest USD 68.6 million to
boost cooperation with India in areas like
tourism, technology, agriculture and
innovation over a period of four years, a
senior official here has said ahead of Prime
Minister Benjamin Netanyahu's high-profile
India visit next week. The commitment is in
addition to the India-Israel Industrial R&D
and Technological Innovation Fund of USD
40 million over five years with equal
contribution from both sides that has already
been agreed between the two sides, deputy
Director General of Israel's Foreign Ministry,
Gilad Cohen, told PTI.

VOL-2,ISSUE-2 ©DEPARTMENT OF BUSINESS MANAGEMENT ,CUO,2017-18


6th-12th Jan 2018 NATIONAL WEEKLY
India all set to launch its 100th
satellite today from Sriharikota
India is all set to launch its 100th
satellite ‘Cartosat-2 Series’ on Friday from
Andhra Pradesh's Sriharikota.
The launch of 31 satellites, including
three of India and 28 of six other countries,
by the Indian Space Research Organisation
(ISRO) will begin at 5.29 am and will lift
off at 9.29 hours from the first launch pad at
the Satish Dhawan Space Centre about 90
kilometres off Chennai.
Talking to ANI, Minister of State
(MoS) for Prime Minister's Office (PMO)
Jitendra Singh said, “It is a historic day for
us and a great headway for India."
The ‘Cartosat-2 Series’ satellite and
29 others will be inserted into a 505-
kilometre sun-synchronous orbit after about
seventeen and a half minutes since its
liftoff.
Later, the payload Microsat
developed by the ISRO will be taken down
to a lower orbit at 359-kilometre height and
launched using the ‘multiple engine switch-
on’ method.
This satellite is the seventh remote
sensing satellite in its series and has the
mission life of five years.
Its uses include monitoring urban and
rural applications, coastal land use
regulation, managing services like road
networks and water distribution, detecting
changes in geographical features and
creation of land use maps.
VOL-2,ISSUE-2
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THE DBM WEEKLY
1984 Anti-Sikh riots: Three-
member SIT set up by SC to
supervise further probe of 186
cases
The Supreme Court today set up a three-
member special investigation team (SIT)
headed by former Delhi High Court judge
Justice S N Dhingra to supervise further probe
into 186 anti-Sikh riot cases.
Besides Justice Dhingra, serving IPS
officer Abhishek Dular and retired IG rank
officer Rajdeep Singh would be part of the SIT
which has been asked by a bench headed by
Chief Justice Dipak Misra to submit its status
report in two months.
The matter will be heard next on March
19. The top court had yesterday held that the
previous SIT had not carried out further probe
into these 186 cases in which closure reports
were filed, and directed setting up of a fresh
SIT comprising a former High Court judge and
two police officers.
Large-scale riots had broken out in the
national capital in the aftermath of the
assassination of then Prime Minister Indira
Gandhi by two Sikh security guards on the
morning of October 31, 1984. The violence had
claimed 2,733 lives in Delhi alone.
India seeks UK help in early
extradition of Vijay Mallya
India today sought UK's help in early extradition
of liquor tycoon Vijay Mallya from Britain to face
the law at home in connection with cases of fraud
and money laundering amounting to around Rs
9,000 crores.
During the talks, the minister sought Britain's help
in early extradition of the fugitive industrialist, the
official privy to the meeting said.
©DEPARTMENT OF BUSINESS MANAGEMENT ,CUO,2017-18
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6th-12th Jan 2018 NATIONAL WEEKLY THE DBM WEEKLY

Article 370 in Jammu and Kashmir is temporary, says RSS leader

Indresh Kumar
The status of Article 370 in Jammu and Kashmir is "temporary", RSS leader Indresh
Kumar said today as he stressed that the occupation of Indian land by China and Pakistan was
unconstitutional.
India was suffering from Pakistan's sponsored terrorism and secessionism and over 66,000
people had lost their lives since 1972 due to this, he said.
According to a statement issued here, the senior RSS leader said that Article 370 in Jammu
and Kashmir was "temporary". He was in the city today to attend 'Yuva Sansad 2018'.
"Terrorist activities have reduced due to the policies of government and separatist leaders
are in jails. Efforts to bring youths in Jammu and Kashmir to the mainstream are yielding
positive results," he claimed.

India imposes antidumping duty Fodder scam: Yogi Adityanath

on 98 products from China orders probe into alleged
India has imposed antidumping duty on lobbying in favour of Lalu Prasad
as many as 98 products, as on December 27 last Yadav
year, imported from China, Parliament was Taking note of news reports, Uttar
informed on Wednesday. The products on Pradesh Chief Minister Yogi Adityanath
which the duty was imposed include flax today ordered a probe into allegations of
fabrics, vitamin C, certain fibres and chemicals, government officials calling up a CBI special
Minister of State for Commerce and Industry C judge to seek favours for fodder scam convict
R Chaudhary said in a written reply to Rajya and RJD chief Lalu Prasad.
Sabha. He also said trade deficit with China
stood at USD 36.73 billion during April- On the basis of media reports about
October this fiscal. "Increasing trade deficit lobbying in favour of the fodder scam convict,
with China can be attributed primarily to the fact orders have been issued to the commissioner
that Chinese exports to India rely strongly on Jhansi division to carry out a probe and submit
manufactured items to meet the demand of fast a report at the earliest, a tweet issued on the
expanding sectors like telecom and power," he official handle of the CM Office, group, said.
said. Countries initiate antidumping probes to Reports in a section of the media have
determine if the domestic industry has been hurt alleged that District Magistrate (DM) Mannan
by a surge in below-cost imports. As a counter Akhtar and Sub-Divisional Magistrate
measure, they impose duties under the Bhairpal Singh of Jalaun had called up CBI
multilateral WTO regime. Antidumping Special Judge Shivpal Singh to seek favours
measures are taken to ensure fair trade and for the RJD chief in the fodder scam case.
provide a level-playing field to the domestic
industry. They are not a measure to restrict
importsVOL-2,ISSUE-2
or cause an unjustified increase in cost©DEPARTMENT OF BUSINESS MANAGEMENT ,CUO,2017-18
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6th-12th Jan 2018 REGIONAL WEEKLY THE DBM WEEKLY

Nalco to invest over Rs 10,000 cr in next 5 yrs

Union Ministers Narendra Singh Tomar and Dharmendra Pradhan dedicated three projects of Nalco to
the nation through video-conferencing from New Delhi on Friday.The projects include launching of mining
activity at south block of Panchpatamali bauxite mines, 18.5 mega watt turbo generator at Damanjodi Alumina
Refinery and nano-technology based de-fluoridation plant at Angul Smelter.
Union Minister for Rural Development, Panchayati Raj and Mines Tomar and Minister for Petroleum,
Natural Gas, Skill Development and Entrepreneurship Pradhan in their message appreciated the efforts and
achievements of Nalco in nation building.Speaking at the 38th Foundation Day celebration of the Navratna
company, Joint Secretary of Ministry of Mines Subash Chandra said Nalco is going for huge cap acity
expansion and it has planned to invest more than `10,000 crore in next five years. Despite a sluggish global
market, Nalco has been achieving continuous success, he said.
Nalco CMD Tapan Kumar Chand highlighted the company’s performance in the last fiscal for being
the lowest cost producer of alumina in the world and second highest net foreign exchange earner in the
country.On the occasion, awards were presented to individuals and organisations for their significant
achievements in various fields. While acclaimed singer and music director Prafulla Kar was conferred Lifetime
Achievement Award, legendary flutist Hariprasad Chaurasia was felicitated for his significant contributions.

State registers 23.33 pc revenue

LK Advani, Sitaram Yechury, HD
Deve Gowda to attend Biju Patnaik
biography release
Veteran BJP leader LK Advani, CPI(M)
general secretary Sitaram Yechury, former
Prime Minister HD Deve Gowda are among the
political personalities scheduled to attend a
programme to release a pictorial biography of
former Odisha Chief Minister Biju Patnaik.
Former President Pranab Mukherjee
would release the book here on January 27, BJD
vice-president and senior minister S N Patro
said here today.
"The Biju Patnaik Birth Centenary
Committee, a non-political organisation has
invited Advani, Yechury and Deve Gowada,"
Patro said.
Rejecting allegation that it was a political
move by Patnaik to unite national leaders, BJD
MP and party spokesman PK Deb said senior
leaders of various political parties across the
country have been invited to attend the event.
VOL-2,ISSUE-2
growth till Dec
Financial performance of the State has
shown a marked improvement on both the counts
of revenue generation and utilisation of budgetary
allocation by the end of the third quarter of the
current financial year.
While the total revenue collection has
increased by 23.33 pc against the corresponding
period of last financial year, the budget expenditure
has shown a growth of 5.5 pc during the same
period.
The revenue collection from own tax
sources up to December 2017 was Rs 19,722 crore
against Rs 15,239 crore during the same period of
2016-17. Similarly, the collection from non-tax
sources during the same period was Rs 5,291 crore
against the collection of Rs 5,042 crore during
2016-17. The total revenue generation from both
the tax and non-tax sources during 2017-18 was
around Rs 25,013 crore against Rs 20,282 crore
during same period last fiscal.
This was know from a review on the
financial performance of the State by Chief
Secretary AP Padhi at a meeting of all Secretaries
here on Tuesday. The State Government has
utilised Rs 59,572 crore out of the total budget
allocation of Rs 1,16,739.44 crore. The fund
utilisation during the same period last fiscal was Rs
56,456 crore.
©DEPARTMENT OF BUSINESS MANAGEMENT ,CUO,2017-18
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6th-12th Jan 2018 WEEKLY VIEW THE DBM WEEKLY

Major HR Trends
The years 2015-2016 saw a number of dramatic changes reshaping the workplace as we know
it. As HR takes on a more strategic role in the new organization, it’s necessary to look back and
take stock so that we can begin to root out obsolete practices and redesign them to fit this new
reality. Here are few hr trends to be followed up:
1. Even stronger focus on culture & ethics
A string of big company scandals in recent years, including, Mitsubishi, Volkswagen and Toshiba
etc have all been attributed to toxic cultures that encouraged unethical business practices. The
majority being linked to impossibly high standards set by executives and upper management,
leading employees to cut corners to reach them. In the last few years, culture has been in the top
or top 3 positions of importance for HR and executives. Perhaps, what these scandals have
revealed is that creating a strong ethical work culture cannot be done with a surface level view of
the organization alone, but with deeper company-wide input. As a result, finding ways of
collecting honest employee feedback about business practices will be an important challenge for
HR.

2. Decoupling performance from pay

One primary issue these companies have come across is what to do about pay. The departure
from the traditional annual performance review has left this question up in the air. Should those
which have switched to continuous and/or peer-based systems continue to make compensation
decisions in the same way? How can it be calculated in companies that have taken the extra step
of ditching ratings?
It is now widely believed that linking performance management to compensation will actually
hinder the intended purpose of ditching the annual review: to create a more learning based
approach with increased feedback conversations.

3. Re-designing traditional practices to fit the modern workforce

For HR, this new reorganization means they will have to shift performance management to a more
fluid system that meets the needs of the new workforce. Whether or not employees have a
manager, multiple or none they need to get feedback to continue learning and improving. In the
new workplace, peer feedback will, therefore, be more important than ever. Development
information cannot depend on only one within the boundaries of traditional teams. Employees
must be free to ask for feedback from whomever and whenever they want, resulting in a shift
towards self steering training and development. HR will have to facilitate this process by
removing barriers and providing employees with the training and tools they need.
BY- APARNA MAHAPATRA
MBA- 1ST SEMESTER
VOL-2,ISSUE-2 ©DEPARTMENT OF BUSINESS MANAGEMENT ,CUO,2017-18

6th-12th Jan 2018 GLOBAL WEEKLY
Donald Trump, Moon Jae-In signal
openness for talks with North Korea
President Donald Trump is open to the
US holding talks with North Korea "under the
right circumstances," the White House said
Wednesday after South Korean President
Moon Jae-In signalled a willingness to sit
down with Kim Jong-Un.Signs of a potential
cooling following months of red-hot tensions
on the Korean peninsula came the day after
Pyongyang reached a landmark agreement to
send athletes to the Winter Olympics in the
South, a move the international community
broadly welcomed.
In a phone call with Moon, Trump
expressed his openness to talks with
Pyongyang "at the appropriate time, under the
right circumstances," the White House said.
The two leaders also "underscored the
importance of continuing the maximum
pressure campaign against North Korea,"
White House Press Secretary Sarah Sanders
added in a statement confirming a South
Korea account of the call.
Pakistan stops intelligence
cooperation with US after Trump's
reprimand, military aid freeze
The US today hoped that Pakistan would
demonstrate its willingness to aggressively confront
terror groups that operate from its soil, amid reports
that Islamabad has suspended intelligence
cooperation with America after the Trump
administration froze military aid to it.
Pakistan's decision to suspend military and
intelligence cooperation with America came after
President Donald Trump accused Islamabad of
giving nothing to the US but "lies and deceit" and
suspended about USD 2 billion in security aid to it,
Pakistani media quoted Defence Minister Khurram
Dastgir Khan as saying.
VOL-2,ISSUE-2
9
THE DBM WEEKLY
NATO offers to import through
Gwadar Port: Pakistan
The US-led North Atlantic Treaty
Organization (NATO) military coalition in
Afghanistan has offered to import vital
supplies through the south-west port of
Gwadar, said the Pakistani officials.
Pakistan’s Minister for Maritime
Affairs, Hasil Bizenjo, said the NATO
representatives proposed the idea at a recent
meeting, which he had convened with local
and international business leaders.
“NATO told us it would be extremely
convenient for them in terms of quick
transportation of supplies from Gwadar
directly to Kandahar. They are very interested
and we are working on it,” Bizenjo told Voice
of America (VOA) in an interview on
Wednesday.
The Gwadar Port, which is in
Pakistan’s Balochistan province, adjoins
Afghanistan’s Kandahar province.
NATO supplies are shipped through
the Karachi Port currently, where they then
are placed on trucks and transported on a
week-long journey to neighboring
Afghanistan, according to the reports.
Resolute Support, a coalition of about
16,000 troops, mostly consists of Americans
advising and assisting Afghan forces in their
battle against the Taliban and other militant
groups.
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