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India will see boom in urbanisation



New Delhi, April 8:India will see a huge upturn in urbanisation while it has ended in the US and Europe, told by Amitabh Kant, CEO, NITI Aayog  (National Institution for Transforming India).

During his speech at The Taj Luxury Symposium 2017 on Friday, Kant said luxury brands like BMW and Mercedes are doing well in the country.

Talking about digital platforms transforming luxury, he said: “Digital technology is going to bring a lot of immersive virtual reality and that is going to create a vast amount of unique experiences.”

“This will happen because India will see a huge upsurge in terms of e-commerce. India will see 300 per cent growth in the next four to five years in terms of e-commerce transaction.”

According to Kant an e-commerce company needs to spread out into rural areas as well.

“It’s nearing its completion in China. In India, it has just begun. India will see a huge upsurge in urbanisation. The second thing is the middle class is moving to the upper end of the market. India is creating a huge middle class.”

And the middle class, he says, is essentially an aspirational class.

“If you look at UK, the latest cars, perfumes and jewellery… The consumption boom was driven by the aspirational middle class. That is what is going to happen to India in the coming years and that will be driven digitally,” said Kant.

In fact, physical banking in India will be dead in the next five years, he says.

But Umang Bedi, Managing Director – India and South Asia at Facebook, feels that luxury brands are yet to build digital commerce strategy.

“It will take them sometime,” he said.

“The consumer is looking for a real story and looks beyond packaging. They want to know how the product is made, where it is made,” Bedi said.
Wefornews Bureau


JNU students take out rally to demand VC’s removal



jnu protest
JNU Student protesting against Vice Chancellor

New Delhi, Feb 20: At least 1,000 students of Jawaharlal Nehru University (JNU) embarked on a march towards the Human Resource Development Ministry on Tuesday, demanding the removal of their Vice Chancellor.

The students began their march from Mandi House with slogans, banners, and placards denouncing Vice-Chancellor M. Jagadesh Kumar for his “autocratic” ways in bringing an attendance rule into force which the students alleged was never passed in the Academic Council meeting.

More than 150 Delhi Police and Central Reserve Police Force (CRPF) personnel were deployed along with a water cannon truck at the Shastri Bhavan which houses several ministries.


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Soon, Parliament House to have a creche



Parliament Of India

New Delhi, Feb 20: The Parliament House will soon open a creche facility on its premises so as to have an inclusive work environment for its women employees.

A 1,500 square-feet creche in the House will be guarded by professionals, ensuring all-round development of children and will also have a separate feeding room for mothers, a statement by the Women and Child Development (WCD) Ministry said on Tuesday.

The work is in progress and a senior official has also been deputed to oversee the work under the direct supervision of Lok Sabha Speaker Sumitra Mahajan.

The statement said this development will bring an impact by pushing other private establishments, Central and state-owned organisations to set up same facilities.


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Spell out stand on MPs’ salaries, allowances: SC to Central Government



Supreme Court of India

New Delhi, Feb 20: The Supreme Court on Tuesday gave a “last opportunity” to the Central government to spell out its stand on constituting a permanent mechanism for determining sitting parliamentarians’ salaries and allowances.

Giving a seven days time to the Centre, a bench of Justice J. Chelameswar and Justice Sanjay Kishan Kaul stated the affidavit filed by the union government on September 1, 2017, had not made its position clear,  news IANS quoted.

“Government of India policy is dynamic. However, you can’t modify it every day,” Justice Chelameswar said to senior advocate Ajit Sinha, who appeared for the Centre and told the bench that the issue was under the consideration of the government.

“You have not stated your position. Your affidavit in September 2017 was not clear about a permanent mechanism. When are you going to do it,” Justice Kaul asked, as Sinha sought a week, for the last time, for the Centre to firm up its stand.

“What is the government’s view on it? You want it or don’t want it? Your counter-affidavit (response) does not disclose anything,” Justice Kaul observed.

Apparently not happy about the delaying by the Centre on the issue, the apex said: “You may not have a last word, but you may have a last opportunity” to state your position.

Appearing for the NGO Lok Prahari, its General Secretary S.N. Shukla said that it has been 11 years since all parties in a meeting convened by the Lok Sabha Speaker had unanimously decided to have a mechanism for fixing the salaries and allowances of the members of Parliament but nothing has moved so far.

The court is hearing a plea by Lok Prahari demanding a permanent mechanism for fixing salaries and allowances of MPs. It has contended that lawmakers can’t decide on their own.

The Plea has also sought direction that former MPs can’t be given pension and other benefits after they have ceased to be the representatives of the people.

Further proceedings will take place on March 5.


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