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Four women die, 526 persons test positive

Of the 6,535 cases in State, 1,867 have a link to Koyambedu market cluster




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‘Let salons open, 70 lakh livelihoods depend on it’

Representatives of beauty and wellness segment have urged Union Minister (MSME and Transport) Nitin Gadkari to allow opening of salons, spas, barbersh




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‘Accommodate Keralites in return special trains’

A large number of people from the State stuck at various places: Malayalees Association




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Set up expert panel to probegas leak, Naidu urges PM

‘Long-term impact on patients’ health needs to be assessed’




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5 more COVID hospitals in the pipeline: Minister

Minister for Medical and Health Alla Kali Krishna Srinivas on Saturday said that five more private hospitals were designated as COVID-19 hospitals in




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Naidu govt. permitted polymers to expand its unit: Kodali Nani

‘TDP president politicising the gas leak tragedy’




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Migrant workers in despair after cancellation of special trains

A group headed to Bhubaneswar is now housed in shelters




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In Pictures | Day 46 of coronavirus lockdown gives people the heebie-jeebies

India has reported over 59,000 coronavirus (COVID-19) cases till date. On the 46th day of the nationwide lockdown, the active coronavirus cases stand




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Garment units outside containment zones set to reopen in Karnataka

Following the formula of graded relaxation of the lockdown, the State government has allowed garment factories located outside containment zones to c




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Despite permission to reopen, industries raise logistical issues

The State government may have permitted industrial units to reopen, but an interaction with MSME bodies brought to light the acute logistical problem




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More than 3,500 bars reopen in Karnataka

More than 3,500 bars and restaurants, and about 1,300 bars attached to hotels offering boarding and lodging facilities, opened on Saturday to clear t




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ACP, two inspectors suspended

The Home Department on Saturday suspended Prabhushankar, Assistant Commissioner of Police (ACP), Fraud and Misappropriation Wing, Central Crime Branch




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Is It Time to Forget Big Data and Focus on Real People?

September 21, 2015

Big data is all the rage. It’s discussed at heavily conventions all over the world and written about on blogs across industries. Big data is starting to look like an inevitable mechanism for doing business in the always-on, ever-connected, Internet-of-Things era that is upon us. Big data is here to guide our corporate decisions, save our business’ money, and direct our experience design initiatives in every way.

When it comes to UX, before we jump on the big data bandwagon, we need to challenge its predominance. UX professionals cannot create an experience for figures in a database or tracking systems, and designers must keep focusing on real people rather than on numbers. Online experiences must remain geared toward real users and their interests, goals, and desires.

What About the Numbers?

Many companies and their marketing departments have...read more
By Maya Nix

             




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Post-gas leak, evacuated people sleep on beach road in Vizag




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ED attaches property of AJL in Mumbai worth Rs 16 crore




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Only 20 people can attend funeral, but 1000 can gather near alcohol shops: Sanjay Raut




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Disturbed architect attacks 3 Mumbai cops with chopper




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Coronavirus breaches White House as rest of America re-opens

Three aides working for US President Donald Trump, vice-president Mike Pence, and first daughter Ivanka Trump have tested positive for the novel coronavirus this week. This has brought the pandemic to within a degree of the center of power in the US.




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Paradise Papers: The moral dilemmas of tax avoidance

Mohan Guruswamy

The tranche of documents uncovered recently has not only brought several stalwarts of Indian politics, cinema industry, and business tycoons under scanner but has also thrown up pertinent questions over the moral dilemmas of avoiding tax

The paradise in the Paradise Papers refers to tax havens of low or even no taxation. Such havens usually are shadowy and sleazy little countries and principalities such as the Cayman Islands, Lichtenstein and Monaco, and sometimes entities within countries like Jersey, Guernsey, Bermuda in the UK and Delaware and Puerto Rico in the USA. Then there are low taxation countries like Switzerland, Singapore and Dubai that assure secretive rich people of their privacy. 

Essentially a tax haven exists to cheat sovereign states of their lawful incomes. The Tax Justice Network campaign group estimates that corporate tax avoidance costs governments $500bn a year, while personal tax avoidance costs $200bn a year. This in effect means that anywhere between $20-30 trillion of business transactions are sheltered from taxations. Moody’s estimated that in 2016 giant American technology companies such as Google, Microsoft and Apple were hoarding about $1.84 trillion cash in offshore havens. Clearly they are avoiding tax and as bending the rules of the tax system is not illegal unlike tax evasion; they are operating within the letter, but perhaps not the spirit, of the law.

In the early 1980’s, shaken up by the number of scandals in Wall Street, and by the number of its MBA graduates who were found wanting in ethical and moral values, the Harvard Business School made a course on “Leadership and Corporate Accountability” a core requirement. I am sure Jayant Sinha, a Harvard MBA, had to do this course and would have scored a high grade in it. Such courses now are in the core curriculum of the business schools attended by the other two young politicians also named in the Paradise Papers or capers if you will. Sachin Pilot graduated from the famous Wharton School of Business and Karti Chidambaram took his business masters from Texas and a law degree from Cambridge to boot.

Doing the required ethics course is one thing but it is quite something else to be able to resolve moral dilemmas of what John Kenneth Galbraith described as the “HBS’s ethical view of capitalism which derives straight out of the Protestant ethic and its transformational view of money, in which the ability to accumulate wealth is a reflection of one’s character.”

The charge against Jayant Sinha is that while acting as an Omidyar Network representative was on the board of a California company that made a loan to that company’s Cayman subsidiary. Usually such a loan to such a subsidiary suggests a fiddle. Whether Sinha knew this or did not know it is something else? Clearly the evidence does not suggest any malfeasance. But clearly there is room for skepticism. 

Omidyar Network proclaims its belief: “Just as eBay created the opportunity for millions of people to start their own businesses, we believe market forces can be a potent driver for positive social change.” Grand words but that hardly conceals the true goal that is to make bucks, sometimes fast ones too.  Again as Galbraith put it: “The modern conservative is engaged in one of man’s oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness.”

Jayant, then fresh out of one of the IIT’s, worked with me way back in the mid 1980’s on a paper that proposed the mass construction of smokeless challahs for rural homes as a profitable employment for hundreds of thousands of rural workers. I remember it as a bit of an elaborate scheme that also computed the savings due to improved health results. It was published in this newspaper and the then Prime Minister Rajiv Gandhi took note of it. I was impressed enough to write a recommendation when he applied for a Masters in Energy Management at Pennsylvania. 

I next met him when I was serving as his fathers Advisor in the Finance Ministry. Jayant and his wife were both working with foreign companies investing in Indian stocks. He was apprehensive about a proposal made by me to disinvest PSU stocks by selling them to the governments banks for onward restructure and disinvestment. The minister had clearly spoken to him. At that time too I wondered if the HBS’s core business ethics course would have seen conflict of interest issues in it? The minister however had plenty of flex in him.

To my mind tax avoidance is just as reprehensible as tax evasion. Sinha was too junior in the Finance Ministry to have expressed views on this. It would have been unlikely though for that is not the HBS way. The previous Finance Minister, himself a Harvard MBA, would not have any left footprints for young Sinha to tread on. Neither would the present lawyer Finance Minister. 

 

Lead Image: 




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Mangaluru people fume over migrant's arrival

Arrival of a migrant labourer from Bagalkot in a truck has created panic among residents of Urwa in the city. People in the area insisted that he should be quarantined and undergo tests for Covid-19. In fact, the migrant labourer, who is a native of Bagalkot, was working in Mangaluru. He had gone to his native place in Bagalkot before the lockdown announcement in March.




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Inter-state services to ferry stranded people

In what could be a relief to thousands of people who have registered through Seva Sindhu portal and have sought government transport to get back to their home states, the state transport undertakings in Karnataka have decided to operate non-AC inter-state services to neighbouring south Indian states.




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Garment units can open in red zones in K'taka

The Karnataka government has allowed garment units in red zones but outside containment zones to resume operations with 33% work force.




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HC sets aside order on IT employee’s suspension

Labour Court had directed firm to pay all allowances as he ‘was not given opportunity to defend himself’




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Flying back home, away from harrowing experiences

Many return for better medical treatment amid fears of being stranded abroad




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‘Promote superfine paddy varieties on 35 lakh acres’

Agriculture Minister holds meeting on preparedness ahead of kharif season




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Publicise helpline number for differently-abled persons: HC

Asks govt. to examine possibility of earmarking exclusive funds for them




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Petition in HC to reopen places of worship

A public interest litigation petition has been filed in the Madras High Court seeking a direction to the State government to permit reopening of templ




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First-generation shaped gel reactors based on photo-patterned hybrid hydrogels

React. Chem. Eng., 2020, Advance Article
DOI: 10.1039/D0RE00109K, Paper
Open Access
  This article is licensed under a Creative Commons Attribution 3.0 Unported Licence.
Phillip R. A. Chivers, Jamie A. Kelly, Max J. S. Hill, David K. Smith
This paper reports the development of first-generation photo-patterned ring-shaped gel reactors that catalyse the hydrolysis of para-nitrophenol phosphate using a phosphatase enzyme.
To cite this article before page numbers are assigned, use the DOI form of citation above.
The content of this RSS Feed (c) The Royal Society of Chemistry




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Rishi Kapoor wanted son Ranbir Kapoor to marry THIS person and not Alia Bhatt?

Rishi Kapoor wanted son Ranbir Kapoor to marry THIS person and not Alia Bhatt?




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Post-reopening cases in South Korea, Germany spark 2nd wave fears - Times of India

Post-reopening cases in South Korea, Germany spark 2nd wave fears - Times of India




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Coronavirus breaches White House as rest of America re-opens

Coronavirus breaches White House as rest of America re-opens




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Gas leak fallout: CPCB asks industrial units across India to go for safety and hazard audit before resuming operations

Gas leak fallout: CPCB asks industrial units across India to go for safety and hazard audit before resuming operations




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Around 75% pharma units operational in Gujarat: FDCA

Around 75% pharma units operational in Gujarat: FDCA




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Tamil Nadu allows tea shops to open, but customers can’t drink on premises

Tamil Nadu allows tea shops to open, but customers can’t drink on premises




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Experts to help TN govt get economy back on track

Experts to help TN govt get economy back on track




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Case against shopkeeper for selling hookah

Case against shopkeeper for selling hookah




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Inspections by GHMC from Mon

Inspections by GHMC from Mon




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A city-based session of meditation for world peace

A city-based session of meditation for world peace




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Garment units can open in red zones in Karnataka

Garment units can open in red zones in Karnataka




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Delhi: A month’s leaves, and Salman copes with lack of work

Delhi: A month’s leaves, and Salman copes with lack of work




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Postal dept to release special cover on migrant workers of Mumbai

Postal dept to release special cover on migrant workers of Mumbai




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As 70% staff at Mumbai petrol pumps are migrants, owners are a worried lot

As 70% staff at Mumbai petrol pumps are migrants, owners are a worried lot




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Bombay high court lets teen rape survivor abort 24-week fetus | Mumbai News - Times of India

Bombay high court lets teen rape survivor abort 24-week fetus | Mumbai News - Times of India




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3 cops hurt in chopper attack near Marine Drive

3 cops hurt in chopper attack near Marine Drive




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Maharashtra: ST buses allowed to pick up stranded people from roads | Mumbai News - Times of India

Maharashtra: ST buses allowed to pick up stranded people from roads | Mumbai News - Times of India




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Vande Bharat operations: 3,500 fly back in 3 days

Vande Bharat operations: 3,500 fly back in 3 days




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Comment | Hindutva’s extremist Twitterati now target Modi for Muslim appeasement

The RSS and Mr. Modi have attempted occasional gestures of outreach to the Muslims, as the outfit moved from the fringes to the front-line.




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Tesla to reopen California factory despite county order

The electric car company told employees to report to work Friday, but a county official said Tesla did not meet the requirements for resuming production.




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Shaheen Bagh-type indefinite protest begins in Ludhiana




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Newborn kidnapped from Civil Hospital in Ludhiana