March ’19

Week 2 Week 3 Week 4 Week 5
Klips for 1st March

World 🌎 | Trump, Kim walk away from summit without a deal
– Trump said Kim expected removal of all sanctions in return for denuclearisation
– The two countries’ press statements differed

National 🇮🇳 | Pak says will handover IAF pilot today ‘as a peace gesture’
– The IAF welcomed the announcement made by Imran Khan

Economy & Business 💰 | GDP growth slows to 6.6%, lowest in 5 quarters
– Consumer spending which accounts for 60% of the indicator, slowed from 9.9% to 8.4%

Tech 📱 | Tesla to close retail stores, move to online only sales
– The dramatic move is aimed at cutting costs and can result in a 6% saving on Model 3 prices

Op-Ed 📝
🗣Interesting: Future Group to bring world’s largest chain of convenience stores to India – 7-eleven

Opinion: Trump Was Right to Walk Away From Kim

Klips for 2nd March

National 🇮🇳 | Pakistan releases captured IAF pilot
– The exchange happened at Wagah as the pilot walked across the border
– Situation de-escalates between the two countries

SC raps Haryana govt for Aravali destruction, says stop further construction
– The matter relates to a stretch of land at Delhi’s border
– Despite protests against by locals, the govt was trying to bring in a law that favoured builders in the ecologically sensitive area

Economy & Business 💰 | SBI confirms ₹7951cr worth of fraud cases
– The details came out through an RTI query
– A total of 1885 cases of fraud happened in 9 months where customers lost money

Hasmukh Adhia to be appointed as non-executive director of Bank of Baroda
– Adhia is the former Finance Secretary and held the position during Demonetisation
– BoB is set to become the 3rd largest lender from 1st April as Dena and Vijaya Banks merge with it

Tech 📱 | Ola’s electric arm raises $400 cr
– The investment from Ola’s early investors, including Tiger Global, comes a day after cabinet’s approval of FAME 2
#FAME: Faster Adoption Manufacturing of (Hybrid) and Electric Vehicles

Op-Ed 📝
India’s Economy Is No Longer One of the Cool Kids

Interesting: ‘Battery’ of Supercars to be unveiled at Geneva Motor Show

Klips for 4th March

World 🌎 | Trump says a reciprocal tax on India should be levied for high import tariffs
– He cited the example of Harley Davidson which came with a 100% import tariff (now 50%)
– Says he wants to levy reciprocal taxes on Indian imports

National 🇮🇳 | President approves ordinance on voluntary Aadhaar use
– The move will benefit mobile companies, banks and wallets as customers can now voluntarily use Aadhaar for KYC
– The govt pushed an ordinance as the modifications could not be voted on by Rajya Sabha

Economy & Business 💰 | 🗣 IL&FS ignored risk assessment reports while extending loans: Audit
– Companies such as Electrosteel Steels, Kvk Energy & Infrastructure, Pallav Trading and Dev Rishabh Real Estate were given loans despite a negative spread

Tech 📱 | SpaceX rocket with unmanned capsule takes off
– Represents a key milestone and a precursor to manned rocket launches from US later this year

Sport ⚽️ | El Clásico: Barca beat Madrid 1-0

Op-Ed 📝
Opinion: India and Pakistan are both losing

🗣Interesting: India’s first ‘big’ bathing soap failed because it was OK
The Print:

Klips for 5th March

World 🌎 | France backs India’s permanent berth at UNSC
– Says that having India, Brazil, Germany and Japan as members will be the first step to key reforms of the UNSC
– Recently France also backed the US and UK’s proposal in UNSC to name JeM chief as a terrorist

Canada the healthiest nation as per Global Wellness Index
– Smaller countries dominate the index that focuses more on health parameters and well being conditions (life expectancy, diabetes risk, depression) than growth, is a ranking of 151 countries
– India came in second last amongst G20 countries
Index site:

National 🇮🇳 | PM inaugurates Ahmedabad metro
– The 6.5km stretch of the first phase was inaugurated, which in total will cost ₹10,773cr

🗣PM launches urban mobility card
– Based on RuPay system, the card is said to work across metros, buses and toll taxes
– Until now AFC systems deployed were imported
– The card was launched at the inauguration of the Ahmedabad Metro and is named National Common Mobility Card (NCMC)
Business Standard:
#AFC: Automatic Fare Collection

Economy & Business 💰| Jet Airways pledges FDs worth ₹1300cr with SBI
– Lenders were unwilling to give Jet a term loan and so it had to use this method to secure a loan of ₹225cr
– This is considered the last resort before liquidation
– 20% of Jet’s 123 aircraft fleet has been grounded

Tech 📱| Spotify adds 1mn users in India in a week since launch
– Spotify launched in India last week and offers free and premium music streaming options

Op-Ed 📝
Opinion: The Aadhaar Ordinance: Overruling The Supreme Court
The article tries to understand why the govt was in a hurry to push through an Ordinance on the contentious article 57 of the Aadhaar act (use by pvt parties)

Interesting: JetBlue contest asks users to delete their Instagram pics to fly free for a year

Klips for 6th March

World 🌎 | Trump scraps India’s trade privileges
– India has been removed from GSP of which it is the largest beneficiary getting preferential treatment for duty free exports worth $5.6bn to US
– India’s commerce secretary downplayed the impact saying the real impact is $170mn
#GSP: Generalized System of Preferences

3 bombs found at prominent sites in UK
– Heathrow airport, London City airport and Waterloo station are the three sites
– The bombs have been contained and had been sent as mails

Pak says it has begun crackdown on terrorists
– Says 44 members of banned terrorist organisations have been detained
– Pak is under pressure as not taking action would mean a blacklisting by FATF
– This would mean it won’t have access to loans from, for eg, IMF
#FATF: Financial Action Task Force

National 🇮🇳 | 🗣Gurgaon world’s most polluted city, Delhi most polluted capital
– Also India ranks 3rd in the worst polluted countries list
– What’s significant is that the studies have only mentioned average pollution values, absolute values at peak are far worse

Sport ⚽️ | Kohli scores 40th ton as India beat Aus

Op-Ed 📝
Opinion: Life without GSP

Interesting: GoT final season trailer out
– The season begins 14th April

Klips for 7th March

World 🌎 | Facebook’s future lies in private messaging: Zuckerberg
– The statement is likely to spook users further as Facebook tries to unify messaging across Instagram, WhatsApp and Messenger
– This has serious privacy implications, but something that advertisers would clearly want, leading to the change in focus by Facebook

National 🇮🇳 | Govt may prosecute ‘The Hindu’; Rafale documents ‘stolen’: Attorney General
– KK Venugopal, the AG, said to the SC that it may file this case under the Official Secrets Act
– Says that the issue is not one of public interest but ‘national security’ and that the SC should not use this as evidence in the review petition
The story covered by Hindu on the matter. Worth reading for the actual remarks made by the SC Panel:

SC reserves order on Ayodhya land dispute, seeks mediation
– The SC bench said that it’s not merely a matter of land, ‘but about religious sentiments. We know its impact on public sentiment, on body politic. We are looking at minds, hearts and healing, if possible.’

Tech 📱 | Google launches app to help children speak Hindi, English: Bolo

Op-Ed 📝
Opinion: Since Modi is India and India is Modi, Who Needs Elections?
The Wire:

🗣Opinion: U.S. Trade Snub Should Be Wake-Up Call for India

Interesting: An Army of Insane Supercars Is About to Invade the Geneva Motor Show
#The Geneva Motor show begins today

Klips for 8th March 👩

National 🇮🇳 | Grenade attack in Jammu, 1 killed, 32 injured
– Attack happened at a bus station and was carried out by a Hizbul Mujahideen group member, police say

India-Russia sign $3bn submarine deal
– The craft, christened ‘Chakra-3’, will be leased to India and delivered in 2025

Economy & Business 💰 | Singtel infuses $525mn in Airtel
– Airtel is raising funds to reduce debt by selling shares worth ₹25000 cr at ₹220 each (30% discount to market rate)
– With this infusion, Singtel’s stake has come down to 35% (earlier 39%)
– Other investors include GIC (General Insurance Corporation)

Only 70 out of 119 Jet Airways aircraft operational: DGCA

Volkswagen fined ₹500cr by NGT
– The matter relates to 2017 when it was found that Volkswagen was using a ‘cheat-device’ in its diesel cars
– Volkswagen at the time recalled 340,000 cars (these include VW’s other brands Audi and Škoda)
– The original matter pertains to the global dieselgate scandal of 2015

Aadhaar authentication to cost businesses ₹20 only
– Presently a physical authentication cost these companies anywhere upwards of ₹110-150

Op-Ed 📝
Opinion: Probing the Press: On the use of Official Secrets Act

Opinion: A $2,000 Phone Won’t Cure an Industry’s Midlife Crisis: On foldable, 5G phones

Klips for 9th March

National 🇮🇳 | SC orders mediation in Ayodhya land dispute case, appoints panel
– The panel is headed by retired SC Judge F.M.I. Kalifulla and also has Sri Sri Ravi Shankar and senior advocate Sriram Panchu
– The SC expects the panel to work out a plan in 8 weeks

Eco Park to come up in place of NTPC’s Delhi Badarpur Plant
– The plant is in focus especially in winters when pollution peaks and is generally shut down to reduce AQI levels
– The SC ordered closure of its last two units in Oct last year
– The area stretches over 884 acres and will cost ₹343 cr to redevelop as an eco park

🗣Rafale documents not ‘stolen’ but photocopied: Attorney General
– The AG used the term ‘stolen’ in the SC hearing on the matter and this was considered very strong
– The opposition also demanded a probe as to how sensitive documents can be ‘stolen’ from the Defence Ministry

Economy & Business 💰 | NCLT approves ArcelorMittal’s bid for Essar Steel
– Essar Steel had made a last gasp attempt to settle dues via a ₹54389 cr plan
– However NCLT had rejected the bid and was directed by NCLAT to pronounce a judgment by 8th March on Mittal’s bid
NCLT: National Company Law Tribunal
NCLAT: National Company Law Appellate Tribunal

SBI links savings and short term loan rates to repo rates
– Effective May 1, the move is applicable to savings accounts above ₹1L and affects about 32% of SBI’s deposits

Tech 📱 | Foursquare and Hypertrending
– Foursquare demos a feature that to show real-time ‘swarm’ of cellphones and categories them based on interests

Op-Ed 📝
Opinion: Strange turn – On SC’s order regarding Ayodhya dispute

Opinion: Tariff Man Has Become Deficit Man
An excellent article by Paul Krugman

Klips for 11th March

World 🌎 | Ethiopian Airways plane crashes killing 157 onboard
– The plane was a new Boeing 737 Max

National 🇮🇳 | Elections declared from 11th April, results 23rd May
– The election will be held in 7 phases
– The model code of conduct came into effect immediately after the announcement
– Assembly elections to be held simultaneously in 4 states, but not in J&K

Economy & Business 💰 | Jet Airways gets ₹2500cr loan from PNB
– About 20% of the airline’s fleet has been grounded due to a cash crunch

RBI: No data on demonetised notes used for utility payments
– This includes data on payments made at petrol pumps, airports and more
– RBI made the statement in response to an RTI query

Op-Ed 📝
🗣Model Code of Conduct: explainer and why it cannot act against offending politicians
The Print:

🗣Interesting: Devil’s in the detail: How Onida TV became a household name in the ’80s
The Print:

Klips for 12th March

World 🌎 | Singapore grounds Boeing 737 Max flights
– The temporary order affects all 737 Max flights of ‘SilkAir, an arm of Singapore Airlines, as well as China Southern Airlines, Garuda Indonesia, Shandong Airlines and Thai Lion Air’
– The order was issued by Singapore’s Civil Aviation authority

National 🇮🇳 | 🗣Women’s group wins as SC cancel ‘anganwadi’ contracts worth ₹6300cr
– The Maharashtra govt was trying to mislead the court and favour 3 pvt contractors
– The govt’s moves had made it impossible for women’s self-help groups to compete against the pvt players

Economy & Business 💰 | Naresh Goyal seeks ₹750cr ‘lifeline’ from Etihad
– In a letter to the airline’s board Goyal said Jet’s situation is ‘very precarious’

Tech 📱 | Apple likely to launch video and TV service on 25th March
– It’s invite to media says: ‘it’s show time’

Many Tesla stores reopen in retail U-turn
– Tesla had recently announced that it would move to an ‘online-only’ model

Sport ⚽️ | Zidane returns as Real Madrid’s coach

Op-Ed 📝
Opinion: How Can India Inc. Get Over Its Financing Hump?

Interesting: What Airlines Fly the
Boeing 737 Max 8

Klips for 13th March

World 🌎 | Brexit: British parliament voted against revised EU deal
– The vote was 391-242 against the deal

National 🇮🇳 | India bans Boeing 737 Max planes
– SpiceJet (12) and Jet Airways (5) fly these planes
– The two carriers have placed orders of 362 such planes to be delivered over the next decade
– Boeing’s shares crashed 8% as the plane has now been grounded across several countries (except US)

Economy 💰| CPI inflation at 4 month low

Tech 📱 | Microsoft’s Seeing AI allows blind to experience photos by touching them
– The app converts visual data into voice and now works by touching objects on the screen of a phone
– This is significant as until now ‘screen-readers’ relied on alt-text that had to be added separately

Op-Ed 📝
🗣Interesting: Asia’s Richest Banker gets richer in 5yr tussle with RBI

Opinion: Bribes to Get Into Yale and Stanford? What Else Is New?

Klips for 14th March

World 🌎 | China blocks India’s motion to designate Masood Azhar as a terrorist
– China has a veto vote in the UNSC and has blocked India’s moves previously too

National 🇮🇳 | Vistara gets approval to fly international routes
– The airline had sought approval to fly international in June last year, when it added its 20th aircraft

Economy & Business 💰 | Azim Premji pledges 34% of shares to philanthropy
– His total pledge now is worth $21bn
– Premji is India’s 2nd richest man

Jubilant FoodWorks brings Hong’s Kitchen to India
– Launches first outlet in Gurgaon
– Chinese is the 2nd largest consumed cuisine outside home by Indians

Tech 📱 | Spotify files EU antitrust case against Apple
– Says Apple limits rivals to its own Apple Music service
– The complaint also says Apple did not allow Spotify to launch on Apple Watch

Op-Ed 📝
Stop celebrating Women’s Day

Klips for 15th March

World 🌎 | Many dead in New Zealand mass shooting at 2 mosques
– An armed man opened fire during morning prayers in Christchurch

May wins Parliament backing to delay Brexit
– This is likely to end ‘no-Brexit’ talks and delay the exit by 3 months

National 🇮🇳 | Footover bridge collapses in Mumbai near CST: 6 dead, 36 injured
– The incident occurred during evening rush hour
– The steel cantilever bridge was built in 1980 and seems to have had ‘serious structural issues’, but was deemed safe in an Audit

Economy & Business 💰 | Markets rally, Sensex crosses 38K, Nifty above 10400
– Both indices are at near 6 month highs

Airfares jump nearly 65% on 14 routes
– Jet’s troubles, grounding of 737 Max fleet, Indigo’s pilot shortage are contributing factors

Tech 📱 | Tesla unveil Model Y priced at $39000
– Model Y is a mini SUV/ crossover, the fastest growing segment in America and China

Lee Fixel leaves Tiger Global, to set up own firm

10 students arrested, later released for playing ‘banned’ PUBG in Gujarat
– Fortnite alongwith PUBG have been banned in Guj after parents said they were affecting kids’ studies
– PUBG is developed by China’s Tencent

Op-Ed 📝
Interesting: Field notes from the election battleground
– A look back at the ‘perks’ offered by parties to cadres: liquor, biryani and money were non-negotiable. ‘Elections are a time when Biryani becomes the national dish’. An interesting read from elections of 1980s

Klips for 16th March

World 🌎 | NZ vows to bring in gun control law as 49 killed in mass killing
– This was the worst ever peacetime event in NZ’s history

National 🇮🇳 | Jet Airways employees write to govt to seek help with delayed salaries
– The letter dated 6th March says their pleas to company have ‘fallen on deaf ears’

Economy & Business 💰 | India’s trade deficit falls to 17 month low
– This is due to a contraction in imports, largely due to a fall in global oil prices
– Rupee depreciation (2.07% this year) also contributed to the reduction

NCLAT refuses to stay ArcelorMittal bid, asks for a fresh distribution plan
– The Ruia’s had asked for a stay on the bankruptcy order and were told to first clear up all Essar Steel dues
– Stan C opposed the distribution plan as it was getting only 4% of its exposure
*The finer workings of this distribution deal are very interesting and worth a read

NCLAT refuses to allow release of Tax refunds to RCom to pay Ericsson dues
– Ambani will have to make the remaining payment of ₹432cr by 19th March

Op-Ed 📝
Interesting: Goodbye Earth: A 9yr olds Video Op-Ed
#The author is one of several thousand students who’ve walked out of school to protest climate change

Opinion: Tesla’s New Y Raises a Bunch of Qs

Klips for 18th March

World 🌎 | Black boxes show similarity between Lion Air, Ethiopia crashes
– Questions being asked about Boeing’s anti-stalling system meant to assist pilots that the 737 comes equipped with
– Boeing has said that it will release a ‘software patch’ in 10 days (the patch was due after the Lion Air crash)

National 🇮🇳 | Manohar Parrikar passes away
– He was the former Defence Minister and Goa’s CM in his last role
– He was aged 63 and was battling cancer

Sport ⚽️ | McLaren’s Bottas wins first Grand Prix of 2019, also wins fastest lap point
Op-Ed 📝
We Are Already Living in a ‘New India’ – and It’s Alarmingly Water-Stressed
The Wire:

Interesting: How to Buy a Gun in 16 Countries

#Not surprisingly the US is by far the easiest followed closely by Yemen

Klips for 19th March
World 🌎 | Mozambique toll could be more than 1000: President
– The figure is much higher than current figure (89) as floods and a storm have struck Mozambique
– Cyclone Idai also struck Zimbabwe and Malawi

National 🇮🇳 | Pramod Sawant from BJP sworn in as Goa CM at 2am
– He will now have to prove he has a majority through a floor test

BMC to shutdown 11 FoB after facing flak

Economy & Business 💰 | Rupee at 7 month high, Sensex, Nifty rally as FIIs pump in money
– The exchanges recorded their 6th straight session of gains
– The rupee hit 68.62 before closing at 69.10
– Inflows till March 15 have been $3.65bn compared to $1.58bn in Feb and $788mn in Jan

RCom pays ₹460cr dues to Ericsson, Ambani hints at brotherly love
– Anil Ambani would have had to face a jail term if the payments were not made
– In a statement he thanked the elder Ambani for his support

Deutsche Bank and Commerzbank in merger talks
– The merger is being pushed by the German govt as Deutsche Bank has struggled since 2008 to generate profits

L&T buys CCD founder’s stake in Mindtree for ₹3269cr
– Will buy additional 15% stake from market at ₹10kcr
– The open offer will trigger a hostile takeover

More cancellations as Jet grounds 4 more planes
– Almost 60 of its 120 aircraft fleet is now grounded due to unpaid dues

Op-Ed 📝
Opinion: Lokpal, at last

Interesting: Here are the world’s most expensive cities
Honk Kong tops the list

Klips for 20th March
National 🇮🇳 | Govt calls emergency meeting as Jet crisis worsens
– Passengers are demanding refunds and pilots their salaries
– Pilots have said that they will no longer fly from 1st April
– The govt, to avoid this, is likely to push public sector banks to bailout the carrier

Former SC Judge Pinaki Chandra Ghose appointed India’s first Lokpal

Economy & Business 💰 | Mindtree promoters oppose L&T’s hostile takeover bid
– Mindtree founders said the deal would be ‘value destructive for all shareholders’

RBI seeks modification of NCLAT’s order on IL&FS dues
– NCLAT had granted a moratorium for repayment of dues, saying they can’t be classified as NPAs by lenders
– RBI says there is an overlap of powers on the issue

Tech 📱 | Google announces cloud gaming service
– Called Stadia, it will be a browser based video game streaming service
– Players will be able to jump into the game from YouTube, without having to wait to download the game

Hyundai, Kia invest $300mn in Ola
– In the strategic deal Ola drivers will get complete fleet solutions aka Ola will buy Hyundai and Kia cars and lend to drivers

Op-Ed 📝
Ericsson Teaches Anil Ambani – and India – a Lesson
Andy Mukherjee applauds the Swedish company’s lawyers while questioning SBI’s poor handling of the matter

Klips for 21st March 🌈🎨
World 🌎 | Nirav Modi denied bail by UK Court, remanded in custody till 29th March
– The judge believed that Modi would not ‘surrender to bail’ despite Modi offering £500,000 as security
– Modi’s lawyer said that the move is politically motivated

Google fined $1.7bn for blocking rival search advertisers by EU commission
– This is the 3rd such large penalty by EU against Google in 2 years

National 🇮🇳 | Accused in Samjhauta train blast acquitted
– The special NIA court acquitted the accused as it ‘was not able to prove the charges’
– The incident dates to 2007 when a blast on the Samjhauta Express killed 68 people, many of whom were from Pakistan

Economy & Business 💰 | Vodafone-Idea to raise $3.6bn through rights issue, causing massive dilution
– The shares will be offered at 60% discount to the market rate
– The rights issue will increase the shares by 229%

🗣Fed holds rates steady, expects only one rate hike through 2021

Op-Ed 📝
Interesting: If you ban PUBG, why not cricket as well?

Interesting: World’s happiest and (most miserable) countries
India ranks 140th out of 156

Klips for 22nd March
World 🌎 | May gets 2 week extension for Brexit from EU
– May has until April 12th to convince her Parliament on the new plan
– She had originally sought an extension till June end

National 🇮🇳 | SBI stands by Jet, but Naresh Goyal must step down
– The bank also wants Goyal’s wife and 2 other nominee directors to step down
– SBI’s Chairman said it was in the bank’s interest to prevent Jet from sinking into bankruptcy

Modi to contest from Varanasi, Shah from Gandhinagar

Tech 📱 | Netflix to test lower cost subscription plans in India
– The move is aimed at increasing its reach as Netflix is presently priced at ₹500/m

Facebook fixes bug that allowed employees to see millions of users’ passwords
– The passwords were being stored in plain text, a major guffaw by the company
– Almost all passwords are these days stored in an encrypted form

Op-Ed 📝
The Fed’s Gift to Asia Sits Unopened

Klips for 23rd March
World 🌎 | Mueller delivers findings on Trump-Russia inquiry
– No new charge are recommended

Indonesia’s Garuda Airlines cancels order for 49 Boeing 737 Max planes
– It’s the first airline to publicly state its cancellation as other airlines contemplate the same
– ‘Many passengers told us they were afraid to get on a MAX 8,’ Garuda CEO said

National 🇮🇳 | Karnataka ‘bans’ Ola for six months
– Ola was running bike taxi services, which is illegal in the state
– Many users reported that they were still able to book Ola cabs in Bengaluru

Caravan alleges payoffs to senior BJP leaders, Congress asks Lokpal to investigate
– The matter relates to findings by a magazine called Caravan into deals by BS Yeddyurappa
– The BJP says it’s a closed matter and relates to ‘fake documents’

Economy & Business 💰 | Govt exceeds disinvestment target by ₹5000cr
– The Govt’s target was ₹80000cr and it has mopped up ₹85000cr already

Tech 📱 | Tencent, Alibaba and car makers set up $1.5bn ride hailing venture

Op-Ed 📝
If Buffett Is Buying Airlines, the Competition Is Over
An interesting read as it points to a trend that Indians markets are likely to witness soon

Klips for 25th March
World 🌎 | Death toll in southern Africa cyclone exceeds 700

Brexit in trouble, again
– It’s reported that ‘hundreds of thousands’ walked through London asking for another referendum
– 5.2mn have also signed a petition

Trump claims ‘victory’ as Mueller finds no collusion with Russia
– The 22 month investigation did not find conclusive evidence linking Trump with Russia’s meddling of US elections

National 🇮🇳 | ‘Banned’ Ola back on roads in Bengaluru
– The Karnataka govt raised its ban on Ola barely two days after imposing it

Tech 📱 | Delhivery raises $413mn in SoftBank led funding round
– The logistics startup which was founded in 2011 now has a valuation of $1.5bn

Op-Ed 📝
Opinion: India’s Crony Capitalist Edifice Is Creaking
An excellent read about the workings of ‘boxwallahs’ and the similarity with Korean ‘chaebol discount’

Interesting: India will be a test laboratory for Ikea worldwide
An interview with IKEA’s CEO, Jesper Brodin
#IKEA will launch its 2nd store in India, in Navi Mumbai
Oddly there is already a Google Maps listing with a 4.4 rating for it, probably by employees

Klips for 26th March
National 🇮🇳 | Naresh Goyal steps down as Jet Airways Chairman
– This is the first step as part of the lenders’ rescue plan for Jet
– As per the plan, SBI will take a controlling stake in Jet (just over 50%)

Poll promise: Congress announces minimum income guarantee of ₹6000/m
– The scheme called Nyay promises to pay 50mn poor families a minimum income, if brought to power

🗣SC to EC: more paper trail machines needed
– The SC said that there is a need to have more VVPATs
– VVPATS provide a physical trail and helps ensure accuracy of EVMs

Economy & Business 💰 | RBI to create ‘regulatory sandbox’ to allow fintech companies to test products
– The announcement made by the RBI Governor is aimed at reducing costs for fintech Startups and spur innovation

Tech 📱 | Apple makes service push with launch of streaming, news, gaming services and a card
– The card, the most interesting of the launches, will provide immediate cashbacks and will reside only on the phone
– Developed alongwith Goldman Sachs and MasterCard, the physical version is laser etched, made of titanium and has no number
Apple Card Video:

Muslim Group sues FB, YouTube over NZ shooting live streams
– The group alleges that the platforms incited violence by allowing streaming of the shootings, live

Op-Ed 📝
Opinion: The point of having democracy
‘Raisins may well be the better part of a cake, but a bag of raisins is not a cake’. Interested, slightly long read.

Interesting: Should You Always Strive to Work at the Most ‘Prestigious’ Places? Well …
Fairly obvious advice, but helps reading it again

Klips for 27th March
World 🌎 | EU lawmakers back copyright law reform
– This means that content aggregators (Google, FB) will have to pay publishers for displaying snippets of their content eg News

National 🇮🇳 | 🗣More than half of Indians satisfied with governance: Pew study
– Lack of employment opportunities is the biggest concern for three-quarters of those polled
– People also felt that terrorism has worsened
– The satisfaction level was 79% in 2017 (now 54%)

Economy & Business 💰 | RBI sets high premium in debut Rs/dollar currency swap
– The success of the swap gives RBI another tool to infuse liquidity

Raghuram Rajan raises doubts whether India is growing at 7%

Tech 📱 | Uber acquires Careem in deal worth $3.1bn
– Careem is Uber’s rival in the Middle East

Op-Ed 📝
Opinion: Even Oprah Can’t Paper Over Apple’s Services Flaws
In what appear to be half-baked launch announcements, Apple might find it difficult to shed its image as the ‘iPhone-company’ writes the author

JNU Aspirants, I Feel Sorry For You
A critique on the newly introduced MCQ based entrance test pattern for JNU aspirants
The Wire:

Klips for 28th March
World 🌎 | Theresa May will step down if her Brexit plan is adopted

National 🇮🇳 | EPFO shelves plan to double pensions due to shortage of funds
– EPF interest rates were hiked this year in the run up to the elections, to 8.65%
– Also, the surplus has reduced to ₹150cr from ₹586cr last year and points to mismanagement in investment of these funds

Economy & Business 💰 | 🗣Tata’s enter airport business with stake in GMR Infrastructure
– Tata’s and two other entities have agreed to invest ₹8000cr in GMR Infrastructure’s airport business

Tech 📱 | India successfully tests LEO-satellite missile
– Makes India only 4th country to have the tech

Mattress startup Casper valued at $1.1bn with latest funding
– The startup sells mattresses directly to the consumer, online and now has ventured into offline direct sales too

Op-Ed 📝
Interesting: Train Travel Hacks and the Most Luxurious train in the world

🗣The story behind popular Brand names
Interesting anecdote: Pepsi was named after the medical term for indigestion

Klips for 29th March
World 🌎 | Lyft prices IPO at $72 a share, seeks valuation of $24bn

National 🇮🇳 | CBDT raises alarm as direct tax collections fall short
– The shortfall ass of 23rd March was around 15%

PM did not seek EC nod before Nation Address
– The feed shown by DD and AIR was sourced from YouTube
– EC likely to report findings this evening if MCC was violated during address
MCC: Model Code of Conduct

Economy & Business 💰 | Mumbai airport runway repairs to be completed by 30th March
– This along with Jet’s grounding of flights had led to a 35-40% jump in airfares in and out of Mumbai
– However, despite some progress on each, fares continue to remain high

Tech 📱 | Rahul Gandhi poll promise to entrepreneurs: removal of Angel tax, no permissions for first 3 years
– Also mentions tax credits and easy access to bank credit

Op-Ed 📝
Interesting: Here are the World’s Best Airports, 2019
Changi tops the list, Asia dominates top 10 in study by Skytrax

Opinion: Hong Kong’s Ripe for the Virtual Banking Wave

Klips for 30th Mar
World 🌎 | No-deal Brexit likely as plan rejected again
– UK was to exit the trade bloc today however the Brexit deal was rejected by its House for a 3rd time
– There is uncertainty as to what exactly will happen now

Nirav Modi denied bail again by UK courts
– The judge cited ‘substantial grounds for suspicion’ that Modi might not surrender

National 🇮🇳 | Jet pilots threaten to go on strike from April 1 as dues not paid
– The airline was ‘rescued’ on 25th March as Goyal stepped down and ₹1500cr was to be infused
– However pilot salaries have not been paid yet and they are continuing to protest

Modi address did not violate MCC: EC
– The address which was broadcast on all news outlets was for a missile test

Economy & Business 💰 | Will scrap NITI Aayog, bring back Planning Commission: Rahul Gandhi
– He said that NITI Aayog ‘has served no purpose other than making marketing presentations for the PM and fudging data’

Small Savings and PPF rates remain unchanged

Tech 📱 | Apple cancels plan for AirPower wireless charger
– The device was announced with the launch of the iPhone X almost 18months ago

Sport ⚽️ | Srikanth, Sindhu and Kashyap in India Open semis

Op-Ed 📝
🗣Interesting: With lassi and jaljeera, Coca-Cola is no more just about Coke

The Dangerous Flaws in Boeing’s Automated System
A visual representation of the exact flaw (you understand what happened as you scroll through the page)