Abolition of Section 66A of IT Act

The following article is based on my own interpretation of the said events. Any material borrowed from published and unpublished sources has been appropriately referenced. I will bear the sole responsibility for anything that is found to have been copied or misappropriated or misrepresented in the following post

D.Kalyani, MBA 2014-16, Vinod Gupta School of Management, IIT Kharagpur


 

The Section 66A of the Information Technology Act, 2000 deals with “Sending offensive message through electronic means” reads, “Any person who sends by means of a computer resource or a communication device – (a) any information that is grossly offensive or has menacing character; (b) any information which he knows to be false, but for the purpose of causing annoyance, inconvenience, danger, obstruction, insult, injury, criminal intimidation, enmity, hatred, or ill will, persistently by making use of such computer resource or a communication device, (c) any electronic mail or electronic mail message for the purpose of causing annoyance or inconvenience or to deceive or to mislead the addressee or recipient about the origin of such messages shall be punishable with imprisonment for a term which may extend to three years and with fine.”

The act has been the subject of intense debate over the last few years, especially after social media sites began proliferating in India. Several PILs have been filed challenging the constitutionality of Section 66A of the IT Act. Supreme Court has decided to scrap Section 66A as it clearly affects the right to freedom of speech and expression enshrined under the Constitution.

After this judgment, there is a mixed reaction from different parts of the country. Some people think this verdict will allow messages that can degrade a person’s reputation. Another school of thought is that this will put an end to the vague and arbitrary rule which attacks the right to free speech. There are some other provisions in IT Act and IPC which deal with unlawful content.
References:

http://www.livemint.com/Politics/xnoW0mizd6RYbuBPY2WDnM/Six-cases-where-the-draconian-Section-66A-was-applied.html?utm_source=copy

http://www.thehindu.com/news/national/supreme-court-strikes-down-section-66-a-of-the-it-act-finds-it-unconstitutional/article7027375.ece

http://timesofindia.indiatimes.com/india/Section-66A-quashed-Citizens-can-still-be-arrested-for-online-posts/articleshow/46683200.cms

http://economictimes.indiatimes.com/news/politics-and-nation/legal-experts-have-mixed-responses-over-abolition-of-section-66a/articleshow/46683197.cms

Amazon’s Attention Deficit and Spending Spree

The following article is based on my own interpretation of the said events. Any material borrowed from published and unpublished sources has been appropriately referenced. I will bear the sole responsibility for anything that is found to have been copied or misappropriated or misrepresented in the following post.

P.Ramakrishna, MBA 2014-16, Vinod Gupta School of Management, IIT Kharagpur

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This is with reference with the article published on March 23rd 2015 in Wall street Journal .
Amazon stock’s fell down by almost 22% in 2014 making it one of the average performers among the large capital technology companies .The Stocks in 2015 regained to normal and rose by 20% since the begininning of 2015 regaining its lost share in the market .This is due to the new discloures around AWS (Amazon Web Services).The AWS has given Amazon a strong foothold in the Enterprise Cloud Computing Services .Amazon is setting up a meeting with its East Cost Investors on the future measures that needs to be taken and also the kind and level of investments that needs to be undertaken .

Amazon is planning to reveal its details for Amazon Web Service Businesses but it is unclear what Amazon would be disclosing .If the details are not so good ,then Amazon might have to face the decrease in stocks.Amazon has been using “OTHER” segments business as a proxy for AWS . That segment had revenue of $5.6 billion in 2014 which was up 42% from the previous year. It is the company’s fastest-growing category by far but the retail business still dwarfs it.

Cloud Services is not a easy business and Microsoft ,Google ,InternationalBUsiness Machine are trying to focus on this untapped business.
Though the capital Expenditure of Google($11billion) is low that of Amazon($4.9 billion),investors should not ignore another investment of $4billion is under capital leases .Robert Peck of SunTrust pointed out that ” simple measures of free cash flow don’t always capture outflows associated with capital lease payments, so investors may be missing the underlying capital intensity of Amazon’s business and also estimates an additional $35billion in next five years .”
Reference :

http://www.wsj.com/articles/amazons-attention-deficit-and-spending-spree-heard-on-the-street-1427141644

England Hopes dashed as Saina Looses

The following article is based on my own interpretation of the said events. Any material borrowed from published and unpublished sources has been appropriately referenced. I will bear the sole responsibility for anything that is found to have been copied or misappropriated or misrepresented in the following post.

Akash G, MBA 2014-16, Vinod Gupta School of Management, IIT Kharagpur

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On March 9th, The Indian Express wrote and article “All England hopes dashed as Saina sinks against Marin” about the defeat of Saina Nehwal. Below is my interpretation of it. World champion Carolina Marin of Spain won the All-England championship on Sunday. It was an awesome opportunity for Saina Nehwal to be the India’s first women to win the All England Championship but Marin staged a very good comeback.  Saina won the 1st game and lead the 2nd one 6-1 before losing it all. Among all the cricket world cup fanfare this very thrilling match lost its sheen. India is a cricket-obsessed country. We give so much importance to cricket that we lose out on many other sports. India is unable to develop any talent except in cricket. For a country of 110 crore people, we should have been among medals in the Olympics but we lack a great deal in medals. We even fail to excel in any other sports. Saina is the face of women empowerment in India. She is the face of Indian women. She is the bronze medalist in Olympics.Badminton is a very entertaining sport. There is a scope for all the sports to grow in our country. Poor infrastructure and laws which demotivate the sportspersons from other sports are the reasons for our failure in other sports. We need to have strong laws and rewards mechanism to encourage the sportspersons in every sport. I would like to say it was a very valiant effort from Saina and we need to encourage athletes from different areas to achieve great feat.

Healthcare services in India

The following article is based on my own interpretation of the said events. Any material borrowed from published and unpublished sources has been appropriately referenced. I will bear the sole responsibility for anything that is found to have been copied or misappropriated or misrepresented in the following post.

Hemant Sharma, MBA 2014-16, Vinod Gupta School of Management, IIT Kharagpur.


The increase in concern about the issues regarding health has been proportionately more than the development in the healthcare segment in India. While being a healthcare services provider to people around the globe, having one of the best facilities and specialist doctors; there is still lack of healthcare service penetration in India. According to the Global Health Observatory (GHO) data of WHO given on http://www.who.int,“US$ 1027per capita was spent for health expenditures in 2012”, whereas in India the same figure was $61 as published in Ibef.org. There have however been new initiatives like ‘ReDx-Redesigning Diagnostics’. As reported in The Financial Express on 11 March,” ReDx is an important initiative of WeSchool, to participate in the larger national agenda, through design of unique innovative healthcare product/ services, supporting their conversion to scalable businesses and also mentoring the entrepreneurial spirit of its young MBA students.” The aim of this initiative is to create new design which are path breaking as well as affordable. As reported by The Business Today on March 11,”Xerox shifts to healthcare, education services for transformation”; India as a medical service provider has huge opportunity to collaborate with such companies to improve the healthcare scenarios.

I believe utilizing the new innovations and the innovative processes such as is the case in “Narayana Health (formerly known as Narayana Hrudayalaya) founded by Dr Devi Shetty” the reach of healthcare services can be increased manifold. With proliferation of applications aiding doctors in providing services, technology might very well become a critical factor.

Telenor’s plans to buy Docomo

The following article is based on my own interpretation of the said events. Any material borrowed from published and unpublished sources has been appropriately referenced. I will bear the sole responsibility for anything that is found to have been copied or misappropriated or misrepresented in the following post.

Sharad Gupta, MBA 2014-16, Vinod Gupta School of Management, IIT Kharagpur

 


Business Standard reported on 11th March, 2015, in article “Telenor, Tata Tele merger talks reach final stages”, about merger talks between Tata Tele and Norway’s Telenor of there wireless telephonic operations in India. It is said, as per the valuation calculations of both the firms, Tata Tele will be a minority stakeholder in this merger deal. All the operations will be majorly controlled by Telenor.

Final Agreement is planned to be signed in next few days in London where all the senior officials of both the firms will be meeting to discuss the partnership agreement. An inside source also reported that they will be declaring about the merger soon, after the declaration of Government policy on Telecom sector after the  of this season by Finance Minister.

The Tatas have invested Rs 26,000 crore in Tata Teleservices’ equity; the company has debt of Rs 24,000 crore. The Tata group has sought the government’s permission to buy back NTT DOCOMO’s 26.5 per cent stake in Tata Teleservices for Rs 7,200 crore, at Rs 58 a share. Tata Sons had engaged Price Waterhouse to value its stake in Tata Teleservices and according to a report by Price Waterhouse, the fair value of Tata Teleservices shares stood at Rs 23.34 apiece. The source quoted earlier said the merger with Telenor would take place at about this valuation.

As stated in the December ended quarter reports, Telenor’s Operating loss doubled to Rs 276 Crore as compared to Rs 132 crore last year. It also to be noted that revenue rose by 38 percent. This year company also added around 2.3 million new users to its network.

Talking about the Tata Tele reports, it faced a net loss of 6,166 crore on total operating income of 10,484 crore in FY14, compared to a net loss of 1858 crore on almost the same operating income. In FY15 there was increase in the loss of firm in the quarters.

In my view, this strategic move by both organisations will be a win win situation, with Telenor having an upper hand. Tata Tele is currently in a bad shape, with Docomo also filed an arbitrage policy against it earlier this year. Telenor is also in red sign, but showing improvement in revenues. With both the names coming under one roof, both will be able to use there huge network of subscribers to increase there profits and grow.This deal should have happened long time back, in around 2012, but was not finalized due to certain reasons, which costed them losses in these years.

Retrospective taxation driving away foreign Investors

The following article is based on my own interpretation of the said events. Any material borrowed from published and unpublished sources has been appropriately referenced. I will bear the sole responsibility for anything that is found to have been copied or misappropriated or misrepresented in the following post.

Anjani Sinha, MBA 2014-16, Vinod Gupta School of Management, IIT Kharagpur.


 

On the 12th of March, 2015, The Business Today published news about the Income tax department ,which sent a 20,495 crore tax demand notice to Cairn India .This tax is in lieu with their failure to deduct the withholding tax on the alleged capital gains made during 2006 and 2007, by the erstwhile promoter Cairn Energy. There had been a transaction of CUHL (Cairn UK Holding Limited) transferring shares of CIHL (Cairn India Holding Limited) to Cairn India to facilitate reorganization of the subsidiary group in 2006-2007.

Cairn claims that it was fully compliant with all the income tax laws, and had completed all the tax procedures in 2006-07.If Cairn has a reasonable claim, it is highly exasperating on our part to refuse logical investment, and drive away foreign investors.

Cairn is yet another company to enter the league of other multinational firms like Vodafone Group and Royal Dutch Shell, to face tax demand owing to a retrospective tax law. Retrospective taxation (policy which is to take effect on a case that took place even before the law was passed) has always been a debatable topic .These laws as unjust and should be forbidden by any constitution .Retrospective tax laws would discourage future investors and restoring investors trust should be a priority for India.

 

References:

http://businesstoday.intoday.in/story/cairn-india-receives-rs-20495-crore-tax-demand/1/216893.html

http://www.moneycontrol.com/news-topic/retrospective-tax/

http://legal-dictionary.thefreedictionary.com/retrospective

A Marriage of Cricket and Brands

The following article is based on my own interpretation of the said events. Any material borrowed from published and unpublished sources has been appropriately referenced. I will bear the sole responsibility for anything that is found to have been copied or misappropriated or misrepresented in the following post.

PNS Satish Kumar, MBA 2014-16, Vinod Gupta School of Management, IIT Kharagpur.


 

This post is in accordance with the article published in financial express on 10th march-2015

 

In a country where cricket is a religion, devotees weren’t excited enough for the biggest extravanza – the ICC Cricket World Cup 2015. This world cup season, as 14 cricket playing nations are warring to win the big trophy, the brands and their campaigns have already did it and in a big way. The brands have come up with some really interesting campaigns that are saying less about their brand and more about cricket and the nation’s love for the game. This way the company kills two birds with one stone. Not only does the brand get its share of limelight, it is also able to establish a very rich relationship with the game of cricket

Watching cricket on TV is fun. But this time it is much more joyous. The reason is the advertisements telecasted during the match. Previously they used to telecast their ads which range from being “least relevant to the game” to “not at all relevant”. But this time around, most of the campaigns are designed around the game. These ads have innovative storylines, few are humorous (Cricket ka keeda to hoga hi, jab ho Cricbuzz a mobile app, Brand: Cricbuzz.com), few are dramatic (The best a fan can get, Brand: Gillette), few are adventurous (For those who don’t watch live, Brand: Sun dish). Micromax made an anthem for cricket for its campaign Micromax Unite. Then there is this campaign by star sports “Mauka – Mauka”, which is way ahead of the rest. This ad campaign is aimed to highlight India’s matches. This ad is a fine mix of history, humor, wit and adept timing.  This is hugely successful and it’s trending hot. And this is a perfect example of what a brand can do to a right ad.

The promotional campaigns purpose is to attract attention. And these surely succeeded in doing so.  These campaigns were scoring well with viewers and it’s a win for brand and audience as well.

An avalanche of gender stereotypes

The following article is based on my own interpretation of the said events. Any material borrowed from published and unpublished sources has been appropriately referenced. I will bear the sole responsibility for anything that is found to have been copied or misappropriated or misrepresented in the following post.

Gurleen Singh Kohli, MBA 2014-16, Vinod Gupta School of Management, IIT Kharagpur.


Our society is full of stereotypes specially with regards to gender. But time and again women are striking very hard in making a mark everywhere. The journey started from battling for their basic rights and it has now reached the top where they are even seen meeting the vertical challenges and thus breaking all the stereotypes.

Summiting Everest is difficult and the complexities along with turbulence increases with the increase in dealing with the stereotypes and having a though time breaking them. Nevertheless the persistent efforts are seen everywhere. Despite of so many problems that the women face in their journey of mountaineering they are yet ready and can sacrifice a lot without having any regret.

While many women shy from confiding in male team members, it helps to be open said a daring mountaineer.  For her, being direct makes one venerability genuine. “As seen there are men who are shy and others who see women climbers as unfair competition”. While when we see if the mind sets are changing they will definitely take solace in strength. The number of women mountaineers are steadily rising and this is just not restricted to mountaineering.

With the rise in the efforts all around we can hope to have a stereotypical free society where both men and women can live and enjoy equally all the rights granted for the benefit of both.

References:

http://timesofindia.indiatimes.com/home/sunday-times/Making-room-at-the-top/articleshow/46489878.cms

Crack in the glass ceiling

The following article is based on my own interpretation of the said events. Any material borrowed from published and unpublished sources has been appropriately referenced. I will bear the sole responsibility for anything that is found to have been copied or misappropriated or misrepresented in the following post

Sagar Gautam, MBA 2014-16, Vinod Gupta School of Management, IIT Kharagpur

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On 7th March 2015 Germany became the latest country to oblige to improving the representation of women on corporate boards, passing a law that requires some of Europe’s biggest companies to give 30 per cent of supervisory seats to women beginning next year. Less than 20 per cent of the seats on corporate boards in Germany are held by women.Ironically some of the biggest multinational companies in the world are based here, including Volkswagen, BMW and Daimler.

This step on Germany’s part has the potential to significantly change the proceedings of corporate governance here and will have repercussions far beyond Germany’s borders. In passing the law, Germany joined a trend in Europe to accomplish what has not happened naturally.

Europe is no stranger to reforms like this. In fact Norway was the first in Europe to legislate boardroom quotas, joined by Spain, France and Iceland. They implemented a minimum of 40% reservation for women in their corporates. Italy has a quota of 33 per cent, Belgium of 30 per cent and the Netherlands a 30 per cent .On the northern front Britain has not legislated boardroom quotas, but a voluntary effort, known as the 30% Club, has substantially increased women’s representation. The United States has also seen women’s representation grow slightly, up to 17 per cent of board seats, without legislative mandates, though its growth has been extremely slow.

On this women’s day it is heartening to see such dreams materialize in reality. In order to break the so called “glass ceiling” many such efforts are required. Now the ball is in women’s court. They have to show that with increased presence in the boardrooms they can bring significant changes to their organizations. This will pave way for further reforms and will silence the critiques.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Greece Crysis: A war between democracy and Economy

The following article is based on my own interpretation of the said events. Any material borrowed from published and unpublished sources has been appropriately referenced. I will bear the sole responsibility for anything that is found to have been copied or misappropriated or misrepresented in the following post.

Amit Kumar Mishra, MBA 2014-16, Vinod Gupta School of Management, IIT Kharagpur

On 20th March, 2015, The BBC Europe  published a news about EU’s Juncker pledges 2 billions euros for Greek humanitarian crisis.

The EU has pledged €2bn (£1.45bn; $2.15bn) to ease what it calls Greece’s “humanitarian crisis” – echoing a term used by Greece to describe the results of its financial crisis.To persuade the EU of its credit-worthiness, Greece has announced a series of reforms. But it also wants the EU to agree new terms for the long-term repayment of its debts.

It seems unfair to portray this as a wrestle between democracy and economy. This can be far more sort of a parent attempting to show its head-in-the-clouds kid a way to manage its finance, whereas the kid continues to haggle over his spending money. Democracy doesn’t accommodates a one means commitment of individuals bringing to light to vote then expecting services from a benevolent government for consecutive four or five years. Democracy conjointly involves a responsibility on the a part of voters, and a part of this can be the money responsibility or caretaker and therefore the basic act of paying taxes. The money mess that Greece is in at once will very not be involved on the Eroupean Union by any stretch of the imagination. Now, the question of whether or not or not the EU ought to have soften its heart for the plight of the individuals of Greece on strictly humanitarian reasons (because candidly, the economic basis is weak) is extremely problematic as a result of this could essentially quantity to giving a freebee to nourish the dangerous (economic) behavior in other democratic countries.