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India rejects World Bank’s HCI report over data gaps

According to the HCI, a child born in India today will be only 44 per cent as productive “when she grows up as she could be if she enjoyed complete education and full health”.



world bank

New Delhi, Oct 12 : The Central government on Thursday rejected the findings of the World Bank’s Human Capital Index (HCI), which has placed the country at 115th position out of 157 countries on various parameters, such as survivability measured by under-five mortality rate.

“The government of India, therefore, has decided to ignore the HCI and will continue to undertake its path-breaking programmes for human capital development aiming to rapidly transforming quality and ease of life for all its children,” the Finance Ministry said in a statement.

The HCI has been constructed for 157 countries. It claims to seek to measure the amount of human capital that a child born today can expect on attaining the age of 18.

The HCI index values are contended to convey the productivity of the next generation of workers, compared to a benchmark of complete standard education and full health.

“There are serious reservations about the advisability and utility of this exercise of constructing HCI,” the statement said.

“There are major methodological weaknesses, besides substantial data gaps. For instance, for the schooling parameter, though quantity is assessed using enrolment rates reported by UNESCO, quality is gauged using harmonised test scores from major international student achievement testing programmes.”

According to the HCI, a child born in India today will be only 44 per cent as productive “when she grows up as she could be if she enjoyed complete education and full health”.

“The HCI in India for females is marginally better than that for males,” the report said.

On the probability of survival up to the age of 5, the report said it is “96 out of 100 children born in India”.

The report pointed out that in India, “a child who starts school at age of 4 can expect to complete 10.2 years of school by her 18th birthday”.

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Dussehra 2018: Date, Time, Significance, and History of Vijayadashmi




New Delhi, Oct 19: Dussehra also known as Vijayadashami is celebrated on the 10th day of Navratri. The festival is celebrated to commemorate Lord Rama’s victory over demon Ravana.

Effigies of the latter are burnt as a symbol of the victory of good over evil across the country.


Dussehra 2018:Date, Puja Timings and Tithi

This year Dussehra is being celebrated today(19th of October).

Vijay Muhurat = 1:58 pm to 14:43 pm
Aparahna Puja Time = 1:13 pm to 15:28 pm
Dashami Tithi Begins = 15:28 on 18/Oct/2018
Dashami Tithi Ends = 17:57 on 19/Oct/2018 (Source

Dussehra Significance, or How Vijayadashmi is Celebrated:

Dussehra is one of the most widely celebrated festivals across the nation.

As part of Dussehra celebrations, huge and colourful effigies of Ravana, most times along with that of his brothers Meghanada and Kumbakaran, are burnt in large huge open grounds.

Dussehra in a way also marks the onset of preparations for the festival of lights – Diwali, which falls twenty days after the festival.

Celebrations also include organising the famed and popular Ramlila performances which involve people enacting the life and glory of the righteous Lord Ram through short plays, songs, and dance drama.

History Of Vijayadashmi: 


While Lord Ram, Sita and Lakshman were living their exile for 14 years in jungles, one day Ravana disguised himself and came to ask for Bhiksha from Sita who was home alone at that time. His intention was to take Sita along as he wanted to marry her. Before leaving, Lakshman had drawn a line which he advised Sita to not cross in even an adverse situation. But Ravana, using his clever tricks managed to pull Sita out of that line and kidnapped her to his kingdom. Hanuman helped Lord Ram to reach Sita and after an elaborate war, they rescued Sita and Ram killed Ravana.


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Dussehra 2018: Here’s some of traditional sweets



Dussehra or Vijayadashmi, the festival that celebrates a triumph of the good over evil is here.

It also marks the conclusion of Navratri and Durga Puja.

Dussehra is celebrated differently in different regions to mark the victory of good over evil by honouring the triumph of Lord Rama over Ravana, to save Sita who was kidnapped by the demon king and the power of the sacred feminine.

On this occasion check out some traditional sweets!


Most people celebrate this day by having hot and crispy jalebis to commemorate Lord Ram’s victory over Ravana.
It is believed that Lord Rama loved a sweet named as shashkuli- which is similar to jalebi.


Ingredients- 1/2 Cup Maida (refined flour), 1/4 Cup Dahi (yoghurt, preferably sour), For frying Oil/ Desi ghee, A square piece of muslin cloth with a hole in it, or a strong plastic piping bag, 1 Cup Sugar, 1 Cup Water and 1/2 tsp Kesar.

Procedure- In a bowl, mix the flour and dahi to form a thick smooth batter, add water if needed and leave to ferment for 6-7 hours. In a separate pan make the chaashni (sugar syrup) by dissolving sugar and saffron in the water over low heat, then cook until it is slightly thick.

After that pour the paste into a muslin cloth (as mentioned earlier) or a strong plastic piping bag. Following this heat the pan and add ghee.

Hold the bag over the pan and pipe out swirls (clockwise direction), of the required size, straight into it. Fry till it turns golden brown on both sides. Later, take them out and put them into the syrup for a while and then again lift it out.

Serve hot and enjoy with your friends.


Malpua is an Indian pancake which is prepared by maida, semolina or sooji, milk, and yoghurt. It is then deep fried in a hot oil.

Ingredients- 1 Cup Maida, 1/4 Cup Sooji, 1/2 Cup Khoya, 2 tsp Sugar ( powdered), 1 tsp Saunf, 1 Cup Water, 2 Cups Ghee

Procedure- Take a big bowl, add maida, sooji, khoya along with powdered sugar and saunf, followed by water. Mix all of it together until you get a fluffy smooth paste.

In another pan prepare a sugar syrup, with Water , Sugar , Kesar and cardamom powder.

After that, heat oil in a pan of ghee put tablespoon full of the malpua mixture and deep fry it. Make malpuas according to the requirement. Following this immerse them in the sugar syrup for about 10-15 minutes.

To make it more delicious, try Malpuas with Rabri or Kheer.

Nariyal Barfi

One can make Nariyal Barfi with fresh desiccated coconut, khoya and dry fruits.

Ingredients-  Desiccated coconut, Sugar, Khoya and dry fruits (Almonds, Pistas and Kishmish).

Procedure- Add ghee and khoya in a pan and saute till the khoya gets a uniform consistency.  Take it off the heat and let it cool. After that mix coconut and keep aside.

In another pan heat the sugar and water together till the sugar dissolves, remember do not let it come to boil. Cook over till it turns thick. Immediately add the khoya mixture, stirring vigorously.

Following quickly spread the mixture into a greased plate and set aside after garnishing it with chopped dry fruits.

Later cut it into pieces and serve.


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ED issues show-cause notice to NDTV for FEMA violation

The show-cause notice, issued under the FEMA, was issued to the founders and executive co-chairpersons of the group — Prannoy Roy and Radhika Roy, journalist Vikram Chandra and a few others.



ndtv prannoy roy

New Delhi, Oct 18 : The Enforcement Directorate (ED) on Thursday served a show-cause notice on news broadcaster NDTV for allegedly flouting foreign exchange regulations in availing of overseas and foreign direct investment facilities of over Rs 4,300 crore.

In a statement, the financial probe agency said: “The investigation showed FEMA (Foreign Exchange Management Act) contraventions relating to receipt of foreign direct investment by NDTV to the extent of Rs 1,637 crore and the other relating to overseas investments to the tune of RS 2,732 crore.”

The show-cause notice, issued under the FEMA, was issued to the founders and executive co-chairpersons of the group — Prannoy Roy and Radhika Roy, journalist Vikram Chandra and a few others.

THe ED also issued notice to Harpreet Singh Duggal of NGEN Media Services Pvt. Ltd, Anshuman Misra of Turner General Entertainment Networks India Pvt Ltd, Sameer Chandran Nair, who was earlier Director in NDTV Imagine Pictures Ltd and Alliance Lumiere Ltd, Grant Scott Ferguson of South Asia Creative Assets Ltd.

The financial probe agency said: “The investigation revealed that NDTV received FDI of Rs 725 crore and that only CCEA (Cabinet Commiittee on Economic Affairs) was competent to permit FDI in excess of Rs 600 crore.”

“In the case of NDTV no CCEA approval was taken,” it said, adding that the FDI was projected as below Rs 600 crore as part of “larger conspiracy”.

“While applying for FIPB Foreign Investment Promotion Board) approval, NDTV projected FDI as varying between $130-160 million. Documents of FIPB section also projected FDI differently as Rs 585 crore ($130 million at Rs 45 per dollar).

“However, FDI finally received by NDTV was $163 million,” it said.

The ED also said that there were offences to the tune of Rs 1,378 crore in respect of delays in reporting and filing information with RBI (Reserve Bank of India) such as Foreign Inward Remittance Certificate, FCGPR, FCTRS etc. and delays in allotment of shares.

“Delays were also recorded in reporting and filing information with RBI such as ODA form, annual performance report etc. to the tune of Rs 2,286 crore,” it said.

It said that further, NDTV Imagine Ltd., then a subsidiary of NDTV Ltd. (now known as Turner General Entertainment Networks India Pvt. Ltd.), has also been charged with delays in filing and reporting information with RBI to the extent of Rs 853 crore.

NDTV Ltd’s another subsidiary — NGEN Media Services Pvt. Ltd., which has now been merged with Genpact India Ltd — has also been charged with delays in reporting and filing information with RBI to the extent of Rs 30.48 crore.

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