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Business & Finance

Mohammad Anas Wahaj | 16 jan 2024

According to the National CSR Portal website of Govt. of India (csr.gov.in), India Inc, spent Rs. 25000 crore in 2021-22 toward Corporate Social Responsibility (CSR). 18000 companies contrbuted to this and implemented 40000 developmental projects. 65% of this fund has been allocated to health, education and poverty related issues, while the environment sector received less than 7%. Historically, the fund for environmental issues has never exceeded 10%. Anuja Malhotra (Policy Manager) and Abi Tamim Vanak (Director) at the Centre for Policy Design, Ashoka Trust for Research in Ecology and the Environment (ATREE), explain the reasons behind this skewed fund allocation and what is required to streamline funds towards environmental sector and steps needed to optimize its potential. Explaining the low allocation, the authors say, 'This may be attributed to a lack of quantifiable metrics in the environmental and ecological sector, the long gestation period required to calculate 'returns' and lack of usable monitoring, reporting and evaluation frameworks. These challenges are further exacerbated by the fact that executing environmental projects requires expertise and often involves engaging and collaborating with highly specialised institutions.' Policy initiatives such as Schedule VII of Section 135 of the Companies Act, 2013, includes the environment as a key CSR focus area for implementation, and the Reserve Bank of India’s latest report on currency and finance, equitable CSR funding is listed as one of the key policy options to mitigate climate risk, will streamline CSR funding towards environmental issues. Authors suggest following steps to optimize its potential - (1) Companies interested in investing in protecting and restoring India's natural resource base should prepare for a long-term funding strategy if they want to achieve effective results. (2) Funders must recognise that working in the environmental sector necessitates close collaboration with local communities and other relevant stakeholders. (3) Avoid large-scale but homogenous activities such as tree plantations. Investments in more socio-ecologically responsible restoration strategies require strategic and well planned design and operationalisation of interventions that minimise unintended consequences. (4) investing in the development and use of technology for carbon sequestration potential may prove useful in creating a knowledge base for India's transition to green credits, carbon markets, and green growth. (5) A long-term goal and vision will also help companies plan and pace their expenditures, thereby reducing unspent balances. In addition, companies may align their CSR investment goals with their ESGs (Environmental, Social and Governance) strategies and try to reduce their carbon footprints. Moreover, for long-term continued success, CSR funds can serve as a platform to operationalise the science-policy-practice interface by investing in well-researched and carefully designed projects and, develop collaboration with civil society and policymakers to develop sense of shared responsibility and ownership. Read on...

MONGABAY: How to strategically align CSR funds to meet India’s sustainability goals
AuthorS: Anuja Malhotra, Abi Tamim Vanak


Mohammad Anas Wahaj | 26 dec 2023

Fashion industry is dynamic and ever evolving through continuous creativity and innovation, and trends keep changing. In India, due to multi-cultural and diverse communities, fashion and related industries are expanding and need for skilled workers is increasing. Raghav Mittal, Chief Creative Director & Managing Director at House of Surya, provides career options for aspiring students and professionals in different areas of fashion industry - (1) Clothing and garment design for various occasions, age groups and demographics. (2) Accessory design that enhances clothing design trends through creation and design of complementary pieces. (3) Textile design that relates to patterns and art work on fabrics that brings into use India's cultural heritage. (4) Fashion styling that utilizes creativity by bringing together all the different elements of fashion for media platforms. Career options include photo shoots, fashion shows, advertising, movies and films etc. (5) Fashion journalism that combines communication skills and fashion and works towards covering fashion trends, industry events etc. As fashion in India continues to evolve there are trends that are becoming prominent in recent times such as concern for environment through sustainable fashion, embracing diversity and inclusivity, and ditial transformation like designing technologies, online retail, social media influencing etc. Read on...

India Today: Fashion designing in India: A thriving industry with endless possibilities
Author: Karan Yadav


Mohammad Anas Wahaj | 23 oct 2023

Professional Employer Organization (PEO) is an entity that acts as a human resources collaborative bridge that provides lease of employees to business organizations. By managing essential HR functions such as employee benefits, compensation and payroll administration, workers' compensation etc, PEO's take the load off the businesses. PEO's hire for their clients, but keep these employees on their own payroll and they become Employer on Record (EOR) for the PEO. These employees are provided key performance indicators (KPIs) by the client organizations on a regular basis while they operate under the HR guidelines set by PEOs. By working with PEOs, busineses can focus on their strategic issues and core competencies. The extent of HR functions outsourced to a PEO can vary depending on the specific agreement and the PEO's offerings. Another option can be Administrative Services Outsourcing (ASO) for organizations that seek outsourcing benefits without co-employment. Krishan Aggarwal, Senior Manager, International Business Advisory at Dezan Shira & Associates, says, 'The arrangement of Employer of Record (EOR) provides a cost-effective and efficient method for foreign entities to conduct market research activities without the need to establish their own entity, which can be a costly and time-consuming process...the management or control remains with the principal employer, enabling efficient staff management in India.' Multi-national organizations can utilize the expertise and resources of PEOs in India but there are things that they can and cannot do. PEOs can do the following in India - Assist with hiring and onboarding; Mitigating risk and ensuring compliance; Ensure proper payroll management and processing; Enhanced efficiency and time savings; Access to expertise and resources; Cost savings and improved benefits; Scalability and flexibility. PEOs cannot do the following - Serve as the sole legal employer; Take full control of your organization; Be solely responsible for hiring and firing employees; Read on...

India Briefing: Maximizing Business Growth in India with PEOs as Strategic HR Partners
Author: Naina Bhardwaj


Mohammad Anas Wahaj | 26 sep 2023

According to Mercer's Global Talent Trends 2023 HR Leader Pulse Survey, 50% of the organizations don't have clarity on the skills their employees require in future. HR (Human Resources) has to improve companies' ability to predict skills needed tomorrow and train today's talent. HR leaders in India must focus on skill development, worker fatigue and flexibility for their companies' growth. Shanthi Naresh, partner at Mercer Career India, says, '2023 will be a defining year as an optimistic and ambitious India looks to drive transformation amidst a BANI (brittle, anxiety-inducing, non-linear and incomprehensible) global environment. HR will have to lead the way in readying itself and the business for what lies ahead. In an economically challenging situation, if organizations are looking for ways to identify non-monetary drivers that can engage and retain employees, then investing in supporting flexible workforces certainly seems to be an area of opportunity.' Employee well-being is a critical consideration and 45% of Indian companies in India are redesigning work based on it. Companies are ensuring that their employees have realistic workloads, no-meeting days and a positive work environment. Read on...

Business Standard: Indian firms must focus on skilling workforce, flexibility. HR survey
Author: NA


Mohammad Anas Wahaj | 31 aug 2023

According to S&P Global Market Intelligence, in 2022 India ranked 4th most popular destination for startups and attracted 4.2% of global venture capital (USA - 41%, China - 18%, UK - 6%). Moreover, it is estimated that the global venture capital share of India will double by 2030. Sampath Sharma Nariyanuri, CFA Fintech Research Analyst at S&P Global Intelligence and Shankar Krishnamurthy, Head of Essential Tech Center of Excellence & Innovation at S&P Global, looking forward into 2030 answer 3 questions regarding Indian startups and their impact on the economy - (1) Will venture capital (VC) interest in Indian startups continue?: As India is expected to be 3rd largest economy there is huge scope of growth in startup ecosystem. In 2022, starup funding surpassed amount raised by public companies. Growth in mobile internet and government supported digital stack will give a boost to startups. India saw a record 26542 startup registrations in 2022, even amid a global funding slowdown. India had more than 92000 startups recognized by the Department for Promotion of Industry and Internal Trade (DPIIT) as of 28 feb 2023. (2) Which startup sectors will be resilient in India?: The fintech sector has topped the funding charts in India in recent years, attracting a cumulative US$ 9.7 billion in 2021 and 2022. ndia's digital commerce and on-demand services space won more than US$ 10 billion of VC investments over the last two years. Online B2B marketplaces in manufacturing and retail raised US$ 2.76 billion in aggregate in the last two years. Government sponsored initiatives like Account Aggregator (AA) network and the Open Credit Enablement Network (OCEN), will boost and streamline online lending workflows and can be integrated with e-commerce, fintech and marketplace apps. While Open Network for Digital Commerce (ONDC) will bring interoperability across the widely fragmented digital commerce space. Other main sectors that attracted substantial VC funding include E-commerce (US$ 7.320 billion), Edtech (US$ 4.256 billion), Food and Grocery Delivery (US$ 3.462 billion), Media and Entertainment Tech (US$ 3.013 billion), Healthcare Tech (US$ 2.206 billion) etc. (3) What are the emerging sectors for startups in India?: Emerging sectors that got VC funding in 2021 and 2022 combined include AgTech (US$ 1.112 billion), Electric Vehicles (US$ 1.065 billion), Automation (US$ 0.591 billion), Clean Technology (US$ 0.193 billion). Artifical Intelligence, Space Technology and Drones are other significant emerging sectors. Electric vehicles sector will need about US$ 266 billion of investment this decade to meet government targets. In the long-term, India's open APIs and public digital stack will likely act as enablers for new startups. Read on...

S&P Global: Startups Riding Digital Infrastructure Could Transform Indian Economy
Authors: Sampath Sharma Nariyanuri, Shankar Krishnamurthy


Mohammad Anas Wahaj | 30 jun 2023

According to a study commissioned by The Times of India on CSR spends by NSE listed companies, CSR project spends in FY22 at Rs 14558 crore were marginally lower than Rs 14615 crore in the previous year. On the contrary, the number of companies that become part of CSR community increased to 1278 from 1251 in the previous year. As per 2021 amendment companies can defer CSR funds for a specific period. Companies have option to support multi-year projects and can transfer the unspent amount from an ongoing project to a separate bank account and can utilize it in the next three years. Pranav Haldia, MD of Prime Database says, 'Top areas continued to be healthcare and education, garnering nearly 60% of spends. Another area that gained prominence is the newly-introduced schedule of disaster management.' Shivananda Shetty, Head of ESG Advisory at KPMG, says, 'Companies are formulating multi-year projects of higher value, as the average per capita project expenditure is showing a positive trend. Read on...

The Times of India: CSR spends remain flat at Rs 14.6k crore in FY22: Study
Author: Rupali Mukherjee


Mohammad Anas Wahaj | 30 jun 2023

India's ecommerce market is projected to grow to US$ 150-170 billion by 2027. The growth is driven by increasing internet and mobile usage, booming millennial consumer base, and rise in digital payments. Bain & Company’s 'How India Shops Report' indicates that India's online seller base has grown by 35% annually, with approximately 40% of new sellers emerging from tier-2 or smaller cities. Moreover, Indian government's Open Network for Digital Commerce (ONDC) initiative is poised to democratize the ecommerce industry, providing a level playing field for all sellers in terms of product, pricing, reach, and sales. Narinder Mahajan, CEO & cofounder of ODN, says that to gain a competitive advantage in this new environment, sellers from across India will need to think differently and one of the ways to do this is to better understand their customers by leveraging consumer insights and data analytics. Small businesses can utilize analytics and big data to gain valuable insights about consumers that can equip them to tailor strategies effectivcely to reach customers and expand their businesses. This will also help them to compete in better ways with large businesses. As small businesses work with smaller budgets they can't do extensive market research but utlizing many low-cost data analytics solutions they can identify trends and opportunities in the market, allowing them to create new products or services that meet the needs and demands of their customers. Mr. Mahajan suggests other benefits of data analytics for improving ecommerce business - (1) Enhanced inventory planning (2) Personalized customer experiences (3) Targeted promotions (4) Optimal product pricing (5) New market/platform entry (6) Churn reduction. Read on...

Express Computer: Small Retailers in India: How Consumer Insights and Data Analytics are levelling the Playing Field for Ecommerce Success
Author: Narinder Mahajan


Mohammad Anas Wahaj | 28 apr 2023

Entrepreneurial ecosystem is essential for thriving economy as it creates jobs and wealth. According to the 2022 Global Startup Ecosystem Report (GSER2022), US$ $6.4 trillion of value creation happened due to global startup economy. The GSER2022 ranks startup ecosystems on seven success factors, including performance and talent and at the top are - Silicon Valley, New York City, London, Boston and Beijing. First Site Guide puts USA at the top country with 71153 startups and there over 69% of entrepreneurs having started their business at home. India is the third largest startup ecosystem with 107 unicorns (valuation of US$ 1 billion or more) and a a total valuation of $340.79 billion, as of 7 September 2022. By 2025, India is expected to have 250 unicorns. GSER2022 reports rise in Indian ecosystems ranking - Delhi entered top 30 and now is at 26, up 11 places, while Bangalore has moved up one place and is at 22. According to Global Entrepreneurship Monitor (GEM) India Report 21-22, India’s entrepreneurial activity expanded in 2021, with its total entrepreneurial activity rate(% of adults aged 18–64 who are starting or running a new business) increased to 14.4% in 2021, up from 5.3% in 2020. India has the highest fintech adoption rate in the world at 87%, the global average rate being 64%. India’s largest share from fintech startups is through ‘payments’ and is followed by lending, wealth tech, personal finance, insurtech, regtech and others. Government of India's 'Digital India' also boosted the adoption of fintech. Read on...

Financial Express: Global Growth of entrepreneurship; India not far behind
Author: Archie Bandyopadhyay


Mohammad Anas Wahaj | 31 jan 2023

According to the research by Prof. Praveen Kopalle from the Tuck School of Business (Dartmouth College), Prof. S. Arunachalam of the Rawls College of Business (Texas Tech University), Prof. Hariom Manchiraju of the Indian School of Business (ISB), and Prof. Rahul Suhag of the Kenan-Flagler Business School (University of North Caroline at Chapel Hill), what's good for society and the environment can also be good for a company's bottom line. Firms spending on CSR activities impacts their profitability. Researchers studied data from 2320 unique firms in India between the years 2012 and 2017, completing two forms of empirical analysis - (1) A difference-in-differences design, analyzed companies' CSR spending, advertising, and gross profit margins before and after the passage of the India's CSR law. (2) A regression discontinuity, looked at firms very close to law's threshold (on both sides) and compared the differences in their pricing. According to Prof. Kopalle, 'If both techniques are pointing in the same direction, then we can establish a casual inference that the law is what's making the difference.' After making data more comprehensible, researchers identified three categories of the firms - (1) Newspender: Firms that started spending on CSR after the law was passed. (2) Prosocial: Firms that spent on CSR even before the law was passed. (3) Nonspender: Firms that didn't spend on CSR after the law, and chose to explain to the government why they didn't do so. Mentioning key findings, Prof. Kopalle says, 'The Newspenders start saying more about CSR in their ads and it ends up positively impacting their gross margins...consumers reward socially responsible, profit-maximizing companies and absorb the corresponding price increases without reducing their purchase quantities...At the company level, you can do well by doing good. It's not a zero-sum game...Between using advertising and price as leverage, and having the law as a backup, it gives a cohesive and well-founded story to consumers, so they say it's worthwhile to pay more for products from these companies.' The research also provides proof that governments in emerging economies can use mandatory CSR laws as an innovative strategy to nudge companies to contribute to social causes. Read on...

Tuck School of Business News: Corporate Social Responsibility is not a Zero-Sum Game
Author: Kirk Kardashian


Mohammad Anas Wahaj | 27 oct 2022

India's large talent pool has exacerbated the growth of Global Capability Centres (GCCs). Currently there are about 1300 of them set up by global corporations. Keerthi Kumar, partner at Deloitte, provides analysis of their evolution and how they are becoming value added research and innovation centres. He says, 'This shift has borne multi-faceted benefits not just for parent organisations but also for India. First, in India's journey towards digitalisation, GCCs have provided a considerable push in skilling and developing a highquality and tech-savvy workforce. Further, the sector has acted as a channel of support for India’s social and environmental objectives. GCCs spend ~US$ 100 million on CSR, of which, 40% is relegated for educational initiatives, and save between 190 and 200K tonnes of GHG emissions through green initiatives. The sector makes a considerable and holistic impact across the economic, human capital, innovation, social, and environmental dimensions of India. Currently, the sector contributes ~US$ 103 billion to India in direct, indirect, and induced output-amounting to ~1 percent of the country’s GDP. Additionally, GCCs also bring forth investment opportunities, with global parent organisations having invested ~US$ 1.5 billion in India, while also directly contributing ~US$ 15 billion to start-up revenue annually.' The main focus is now towards Engineering Research & Development (ER&D). According to the 2022 Global Engineering R&D Pulse Survey by Deloitte and NASSCOM, 85% organisations indicated using a GCC for their ER&D activities. Further, ~75 percent of those were already based in India, while many more are expected to come in. HIGHLIGHTS OF THE SURVEY - The GCC sector generates employment for close to 5.5 million Indians, directly employing 1.2–1.3 million Indians (~25% of the direct employment generated by the Indian IT sector); 85% companies' leadership indicating a positive experience with their India GCCs; 90% surveyed organisations intend to maintain or increase their spend on India GCCs in the immediate future. Half of these organisations intend to increase their spend by more than 10% this year, a higher percentage than the global increase in the R&D budget; There is a growing propensity amongst India GCCs to forge partnerships with start-ups, academia, and Engineering Service Providers (ESPs); Co-creation is thus, quickly emerging as the model of choice with ~70% companies exploring or already being involved with start-ups and ESPs in co-creating; ER&D GCCs in India are likely to drive front-line innovation for their parent organisations and oversee end-to-end product development over the next three years; Upward trend to set in over the next three years in terms of volume of tasks migrated to GCCs in India, making India both a 'volume' and a 'value' creator. To maintain its lead India has to ensure that the talent pool remains competitive and future ready, start-up ecosystem continues to grow and ER&D strengthens. Read on...

DATAQUEST: Engineering innovation: India's opportunity to emerge as the world's engine room
Author: Keerthi Kumar


Mohammad Anas Wahaj | 20 sep 2022

India's healthcare challenge is to be taken seriously at all levels - policy, public, private etc. Considering the large population size, an estimated 1.4 billion, it requires consistent and unfaltering efforts to standardize healthcare across all regions, both urban and rural. Within many challenges facing India's healthcare, the two important ones are affordability and accessability. Indian government spends only 2.1% of GDP on healthcare compared to 9.7% across OECD countries. This is one of the main reasons for the large portion of healthcare burden going to Indian people's pockets, which amounts to more than 55%. Another statistics that is disturbing in India's healthcare is vast divide between rural and urban health delivery. India's urban population is 28% while they have access to 66% of the hospital beds. Moreover, 67% of the doctors work in urban areas. One aspect of the solution related to India's many healthcare challenges is collaboration and partnership between public and private entities. The recent COVID-19 challenge highlighted the value of public-private partnerships (PPP) in healthcare. Collaborative public and private efforts in diagnostics, technology and treatment, helped India take the challenge of saving lives during the pandemic. The CoWin portal for vaccination is one such example. There are many instances of such public-private collaborations during the pandemic that provide evidence for the success of PPP model. This model can be taken further to improve and enhance the quality, affordability and accessability of the overall healthcare system in India. In the last few years PPP focused policy initiatives have led to increased investments in PPP projects. India received US$ 7.7 billion of committed investments across 25 projects in 2021, the largest in the South Asia Region. The three ways the PPP projects can help overcome affordability and accessability challenge in India's healthcare are - (1) Expertise: Private sector with urban focus have 58% hospitals and 81% doctors while public sector have most infrastructure in rural areas. Collaboration between urban and rural health by making the private sector services and expertise available in rural public health facilities can become a transformative strategy for improving India's healthcare. (2) Technology: Can be fully utilized to improve affordability and accessability in rural areas. Telemedicine is one such strategy. eSanjeevani, the national teleconsultation service, is an example. (3) Efficiency: The existing healthcare infrastructure can be uplifted through ehnanced efficiencies by implementing PPP model. Read on...

World Economic Forum: How public-private partnerships could be the booster dose for India's healthcare ecosystem
Authors: Neelima Dwivedi, Ruma Bhargava


Mohammad Anas Wahaj | 27 aug 2022

According to Rajesh Verma, Secretary in the Ministry of Corporate Affairs (Govt. of India), 'Indian companies have spent more than ₹1 trillion in CSR since the framework for corporate spending on community came into force in 2014-15. Investments in ESG (Environment, Sustainability and Governance) will play a key role in not only meeting the US$ 5 trillion economy goal, but also sustainable development goals (SDG) by 2030 and achieving net zero emissions by 2070.' He suggests that for the survival and betterment of the world, and to overcome present and future challenges - like COVID-19, climate change, resource scarcity, inequality etc - needs people to be responsible, accountable and considerate towards each other. In these challenging scenarios large corporations have special role to play that they can perform through CSR and similar responsible activities. Many Indian companies are even spending more than they are required to under the CSR law. To encourage spending the law allows credit for the excess spending in a year which can be set off against future spending obligations. Green finance is a growing field. According to RBI bulletin of October 2021, global issuance of the green bong had surpassed US$ 250 billion in 2019 and among the list of emerging economies, India is secong to China in the cumulative emerging market green bond issuance. Read on...

Livemint: India Inc spent ₹1 trillion on CSR over seven years
Author: Gireesh Chandra Prasad


Mohammad Anas Wahaj | 31 jul 2022

Over the years, use of chemical fertilizers and pesticides has grown tremendously. Even though it has benefited farmers in increasing yields and saving crops from pests, but its indiscriminate use had negative effects on soil, environment and human health. This overuse is creating concern in farming communities, governments and nonprofits, and giving rise to a farming movement, often termed as 'organic farming' or 'natural farming', that utilizes old techniques of farming in a new and more scientific way. Indian government highlighted this method of farming in 2021 Economic Survey and work towards lessening use of chemicals in farming. Finance Minister Nirmala Sitharaman, in her 2022 Budget speech said, 'Chemical-free natural farming will be promoted throughout the country, with a focus on farmers' lands in 5 km wide corridors along river Ganga, at the first stage.' Currently only about 3.8 million hectares, or 2.7% of the total area under farming in India, is farmed organically or through natural methods. Experts differ in their views regarding the level of transition required towards 'natural farming' and how much beneficial it would be for India's agricultural economy. Experts supporting 'natural farming' point out the benefits to farmers like reduce input costs, improve soil health and water efficiency, increase farm produce prices, but others experts mention concerns like lower yields, crops becoming more vulnerable to pests and plant diseases etc. Most debates related to agriculture in India often get politicised, but what is needed in India is a more long-term sustainable model in agriculture. G.V. Ramanjaneyulu, executive director of the Centre for Sustainable Agriculture (Secunderabad), says, 'The focus should be on reducing agro-chemicals, water use and energy utilisation.' Economist Mihir Shah, in a January 2022 report in the journal 'Ecology, Economy and Society', wrote that due to impact of Green Revolution and current situation of pandemic, 'there is an urgent need to scale up alternative approaches of farming.' PM Narendra Modi in his speech to farmers in 2021 National Conclave on Natural Farming said, 'We have to take our agriculture out of the lab of chemistry and connect it to the lab of nature.', referring to agroecology, which guides public policies towards sustainable agriculture and food systems, according to the Food and Agriclture Organization (FAO). 'Natural Farming' and 'Organic Farming', both used interchangably, come under agroecological practices. Natural farming focuses on the use of bio inputs prepared from farm and local ecosystems instead of purchasing those from outside. Sridhar Radhakrishnan, activist and independent agriculture researcher based in Thiruvananthapuram, says, 'Organic farming is defined now more from a perspective of product certification. Except for such certification, organic and natural farming in India are largely similar.' R. Ramakumar, an economist at the Tata Institute of Social Sciences (TISS), says, 'What binds organic and natural farming proponents is the thrust on the absence of application of chemical fertilisers or chemical pesticides during cultivation...But [some] natural farming proponents argue that even these external applications are not required, as the farm itself can generate much of the inputs required, therefore, they call it Zero-Budget Natural Farming.' Zero-Budget Natural Farming is one of the many methods of natural farming, popularised by agriculturist Subhash Palekar. Vineet Kumar, deputy programme manager of Sustainable Food Systems at CSE (Centre for Science and Environment), says, 'There is scientific evidence on the benefits of natural farming, but the government has to take the initiative to formally collate like it did under AI-NPOF.' Kavitha Kuruganti, a social activist with the Alliance for Sustainable & Holistic Agriculture (ASHA), says, 'A modern agricultural scientist may not even be able to explain why a concoction sprayed by a farmer increased yield in natural farming, while the scientist may understand how chemicals work.' India's way forward in agriculture would require a robust scientific and economic approach that keeps in mind the interests of the farmers, quality of produce, environment and human health, agri-employment etc. Read on...

IndiaSpend: Explained: What Is Natural Farming?
Author: Shreehari Paliath


Mohammad Anas Wahaj | 26 jul 2022

According to the study, 'Analysis of future wind and solar potential over India using climate models' (Authors: T. S. Anandh from Indian Institute of Tropical Meteorology (IITM); Deepak Gopalakrishnan from IITM and Center for Prototype Climate Modeling (NYU, UAE); Parthasarathi Mukhopadhyay from IITM), recently published in the Current Science, 'changing climate patterns over the next 50 years are likely to reduce the generation of solar power in India and affect the major wind power plants in certain regions... the renewable energy sector should work on improving the efficiency of solar farms given that radiation is likely to dip by 10 to 15 watts per square metre (sqm) across all seasons.' The team utilized three projection models - CORDEX-SA, CMIP5, and CMIP6 - to analyse solar and wind potential in India. Parthasarathi Mukhopadhyay of IITM, says, 'We have tried to show the difference between historical climates and the future scenario. All the models show an overall decrease in wind and solar power generation potential in India. Every model has its own uncertainty, but we have used three sets of models to analyse solar and wind potential over the peninsular region.' SOME HIGHLIGHTS OF THE STUDY: Both wind and solar potential are decreasing in some regions e.g. western India; Central and south-central India must be considered for the sector during pre-monsoon months, as the potential loss was minimum in these regions; North-western India - the biggest solar energy hub - is likely to see a loss in its energy capacity; Global warming would result in a drop in wind potential in some regions, and a rise in others; The southern coast of Odisha and the southern states of Andhra Pradesh and Tamil Nadu show promising potential for wind energy in the climate change scenario. Researchers predict that the deficits in solar and wind potential in India could be overcome by including more farms and using highly efficient power generators. Read on...

ThePrint: Bad news for renewable sector - study says climate change will hit solar & wind energy in India
Authors: Mohana Basu, Tony Rai


Mohammad Anas Wahaj | 28 jun 2022

Effective visualization brings communication to the next level and graphic design is the creative skill that makes it happen. As per reports by research firms - The Business Research Company: 'Global market size of design services is projected to grow to US$ 249.5 billion by 2022 from the US$ 153 billion that it had touched in 2018'; IBISWorld - Global graphic designers' industry market size, which stands at US$ 43.4 billion, is expected to increase by 3.7% in 2022'. Anu Kiran, a graphic designer and motion graphic artist at One Source, says, 'The very essence of graphic design is the ability to convey ideas and resolve complex problems through a platform - a visual and design message board - which appeal to and communicate through the primal sensory touchpoint of sight.' Most industries utilize graphic design when they communicate visually with their customers. Graphic designers need specific skills to excel in their careers. Mohammed Zeeshan, CEO and co-founder of edtech firm MyCaptain, says, 'Apart from knowing the basics, the theories of design and the concepts, you must also be able to possess an understanding of what the user wants. Being a user-first designer helps not only you but also the businesses.' Job titles in graphic design include apparel graphic designer, logo designer, packaging designer, web designer, multimedia designer, art director, UI/ UX artist etc. As the demand for the trained talent in graphic design grows, India has to fulfil it by focusing on creating quality design institutes and upgrading the existing ones. Read on...

Outlook India: As Visual Appeal Takes Centre Stage, Opportunities Open Up For Graphic Designers
Author: Sanyukt Kulshrestha


Mohammad Anas Wahaj | 31 may 2022

Internships are an important component of education and learning ecosystem that provide students with practical learning opportunities while still pursuing formal education in academic settings. Internships provide students with skills and experiences that anhances their career prospects. Prof. Rajnish Jain, Secretary and Chief Vigilance Officer (CVO) of University Grants Commission (UGC), recently released the 'Draft Guidelines for Research Internship with Faculty and Researchers at Higher Education Institutions (HEIs)/Research Institutions'. He says, 'HEIs research outcome catering to social and industrial needs is essential to strengthening self-reliant economic growth. The major push for research promotion initiatives in National Education Policy (NEP) 2020 provisions UG Honours degree with a research internship...As a part of the NEP-2020 implementation, it has been decided to have a robust mechanism to develop plan and strategies, encourage & motivate students for Research Internship at HEls/Research Institutions.' Summer internships are becoming mainstream. Sarvesh Agrawal, founder and CEO of Internshala, says, 'As compared to other months, the summer internships (April to June) are more popular because students have their college vacations going on and have more time to pursue full-time internships. Some of the popular internship profiles for which summer interns are being hired include management profiles like digital marketing, business development, sales and marketing, branding, customer service, market research, finance, human resources, and operations.' Area wise distribution of internships is as follows - Management (46%), Media (25%), Design and Architecture (9%), Commerce (1%), and other areas (2%). Prof. Ranjan Banerjee, Dean at the Birla Institute of Technology School of Management (BITSoM) Pilani, says, 'Internships have always been mandatory for students pursuing full-time two-year MBA programmes right from when the first B-schools started in India. This has been true for engineering students as well since the All India Council for Technical Education (AICTE) mandated internships in 2017 to improve the employability of engineering graduates. Now we are seeing a trend of undergraduate students in other disciplines also seeking out internships to get a preview of working in the organisations and industries that they aspire to make a career in, and strengthen their CVs at the same time.' Read on...

The Times of India: Why summer internships are on the rise
Author: Rajlakshmi Ghosh


Mohammad Anas Wahaj | 17 may 2022

According to Reserve Bank of India's (RBI) 2021-2022 Report on Currency and Finance (RCF) named 'Revive and Construct', the losses due to COVID-19 pandemic will take 15 years to overcome. The report suggests that India should focus on seven wheels of economic progress - aggregate demand; aggregate supply; institutions; intermediaries and markets; macroeconomic stability and policy coordination; productivity and technological progress; structural changes and sustainability. Moreover, price stability is an essential condition for strong and sustainable growth path. Shaktikanta Das, Governor of RBI, emphasises the need to create a virtuous cycle of greater opportunity for entrepreneurs, businesses, and the fiscal authority. For India's economic growth structural reforms that are needed include - enhancing access to litigation free low-cost land; raising the quality of labour through public expenditure on education and health and the Skill India Mission; scaling up R&D activities with an emphasis on innovation and technology; creating an enabling environment for start-ups and unicorns; rationalisation of subsidies that promote inefficiencies; and encouraging urban agglomerations by improving the housing and physical infrastructure. Read on...

India Today: Indian economy will take 15 years to overcome Covid losses, says RBI report. Here are the key takeaways.
Author: Aishwarya Paliwal


Mohammad Anas Wahaj | 25 apr 2022

Generating positive word-of-mouth (WOM) is one of the important component of brand influence. Nowadays, brands utilize influencer marketing strategies to get WOM. The study, 'How implicit self-theories and dual-brand personalities enhance word-of-mouth' [Authors: Arvind Sahay (Indian Institute of Management Ahmedabad), Sudipta Mandal (Indian Institute of Management Indore), Adrian Terron (Tata Group), Kavita Mahto (Tata Sons Ltd)], published in European Journal of Marketing, investigates how and why consumers' mindsets can influence their WOM intentions toward a brand and the consequent implications for a brand's personality. The research study finds that fixed (growth) mindset individuals exhibit greater WOM intentions than growth (fixed) mindset individuals for motives of 'impression management' ('learning and information acquisition'). Moreover, the study results also demonstrate that brands that exhibit dual personality dimensions simultaneously, one salient and the other non-salient at any instant, garner equivalent WOM intentions from both fixed and growth mindset individuals, contingent on the fit between the salient brand personality dimension and the dominant consumer mindset. Finally, using a real brand, it can be seen that WOM intentions actually translate into behavior'. Prof. Arvind Sahay says, 'In today's world, influencers, both offline and online world, influencers, both offline and online, help you to sell your brand. Many of these influencers will have different kinds of personalities. As a brand, if I can build personalities of the brand itself, that appeals more to different kinds of influencers, they will generate more word-of-mouth.' Prof. Sahay suggests, 'Brands which have a purpose, brands which empathise with their customers, brands who try to connect with their customers are going to do better.' Read on...

The Economic Times: Brands could have dual personalities in an influencer-led economy: Arvind Sahay, marketing professor, IIM-A
Authors: Chehneet Kaur, Prasad Sangameshwaran


Mohammad Anas Wahaj | 22 apr 2022

Leaders are expected to have strong decision-making and showing of doubt is considered a weakness. They are supposed to have answers to all questions and a clear understanding of how they will lead into the future. Being unsure and insecure make them vulnerable. But, a team of academics and researchers, Prof. Manoj Joshi (Amity University and co-author of the books 'The VUCA Company' and 'VUCA in Start-ups'), Prof. Ashok Kumar (Amity University and co-author of the book 'VUCA in Start-ups') and Suhayl Abidi (Consultant and co-author of the books 'The VUCA Company' and 'VUCA in Start-ups') explain that even though decisiveness is key characteristic required in leaders in normal and stable times but due to uncertainty, unpredictability and possibility of multiple scenarios leading to success, a different set of mindset is needed among leaders to navigate the environment and sail their organizations into the successful future. According to them, 'Today, we can't predict what will work to achieve the organisation's goals or purpose. What worked yesterday might not work tomorrow. There is no fixed recipe and patterns emanating from hindsight. It is far more complex and intertwined. New problems, which have not been tackled before, require new paradigms. We need CEOs with different mindsets who encourage exploring the world around us. Leaders need to ask better questions, engage in deeper dialogues and look for fresher perspectives. Weak or distant signals are subtle clues to what's coming next. Some distant signals are audible only to you. Other signals may bypass you, but others may be listening. It is the innate quality of a leader, honing the strategic foresight, ready to counter the unexpected-unknown-unknown.' Prof. Bob Johansen, a futurist, writes in his book 'The New Leadership Literacies', 'In this emerging world, the best companies will be very clear about where they are going, but very flexible about how they get there. The future will reward clarity but punish certainty.' Research shows that an absence of doubt leads to flawed decision-making. In the new VUCA (Volatility, Uncertainty, Complexity, and Ambiguity) world, having a bit of doubt with openness to change, being flexible and adaptive with changing scenarios is needed. Authors suggest, 'Uncertainty is here to stay. By visualising multiple futures and working back to the present, companies can prepare for any VUCA event. Doubt should not be seen as leading to pain and paralysis but a productive form of questioning and discovery.' Read on...

Businessworld: In VUCA - Doubt Is Good, Embrace It
Authors: Manoj Joshi, Suhayl Abidi, Ashok Kumar


Mohammad Anas Wahaj | 18 mar 2022

India's Corporate Social Responsibility (CSR) law, Section 135 of the Companies Act 2013, makes it mandatory for companies to spend 2% of their average net profit made during last three financial years on CSR activities in the current financial year. The companies that come under this law include - (i) Net worth of Rs. 500 crore or more. (ii) Turnover of Rs. 1000 crore or more (iii) Net profit of Rs. 5 crore or more. Some of the areas where these funds can be applied are poverty and hunger eradication, education, healthcare, rural development, women empowerment and environmental sustainability. To incorporate CSR in such a way is quite unique when compared to CSR as practiced around the world. Adhip Ray, founder of WinSavvy.com, explains the benefits of CSR as applied in India and how other countries and businesses operating there can apply this model for greater good to the society. India's CSR law provides for forming a CSR committee that should be created and enforced by three board directors, giving it more powerful role. The CSR policy should be elaborate, money spent should be audited, details of activity to be provided on annual report and also on company website. Indian companies are taking the law seriously and competing with each other to better spend CSR funds. This helps companies to enhance their value in communities they operate and provides them with great branding opportunity. India's dedicated approach to CSR can be internationalized. Mr. Ray suggests the following basic principles that companies must adhere to for effective CSR - (1) Get the highest management on board. (2) Create OKRs (Objectives and Key Results) for enforcing your policy. (3) Fix accountability on the top management. Read on...

Sustainable Brands: Why the Business World Should Use India as a Model for Corporate Social Responsibility
Author: Adhip Ray


Mohammad Anas Wahaj | 22 feb 2022

Social entrepreneurship can fill the gap in India's healthcare infrastructure and delivery through the combination of innovation and the spirit to do social good. Maanoj Shah, co-founder of Mission ICU, provides how social enterprises can be boon to India's healthcare infrastructure, particularly in the underserved rural and remote areas, and bring positive change through entrepreneurial spirit and the commitment to serve the community. Pandemic induced crisis highlighted the importance of social and community based efforts in healthcare system. The need is to consolidate these scattered and individual efforts through developing social enterprises. Mr. Shah suggests following ways in which social entrepreneurship could uplift India's healthcare infrastructure - (1) Devise solutions based on detailed research: Use of technology and digital solutions at the grassroots level; Conducting thorough studies to find out gaps in healthcare delivery to rural communities; Create awareness regarding hygiene and health. (2) A focus on long-term, sustainable impact on healthcare infrastructure: Social enterprises with their commitment to service to society can bring long-term sustainable impact by channeling capital and resources where healthcare facililities are scarce; Committed healthcare personnel can be deployed in rural areas and make healthcare accessible and affordable. (3) Collaborations with local partners: Working with local social service organizations and communities is essential for successful implementation of healthcare projects; By this collaboration it will be easier for social entrepreneurs to identify and understand local needs and find opportunities and create tailored solutions; Partnerships are a necessity where the resources are scarce and help efficiently utilized them for better outcomes. (4) Bridge administrative gaps to complement the public health system: Government schemes can only be successful when implemented effectively and efficiently and that's where social enterprises can contribute significantly; Social enterprises with innovative and creative focus can bridge the implementation gap and work to strengthen public healthcare system. Read on...

IndiaInfoline: How social entrepreneurship can play a role in augmenting India's healthcare infrastructure?
Author: Maanoj Shah


Mohammad Anas Wahaj | 21 feb 2022

Healthcare in rural India is a challenge that needs to be taken seriously and sincerely. The infrastructure is in dismal condition. India's rural population is substantial, was about 903 million in 2021, and is expected to increase to 905 million in 2022. Priyadarshi Mohapatra, founder of CureBay, provides overview of India's rural healthcare sector and the challenges. He also explores the startup ecosystem and suggests how proper use of techology can be a game changer to improve accessibility and affordability of healthcare. Accessibility of quality healthcare is major issue in rural areas. The growing chronic diseases is also a cause of concern. Government run schemes, like Ayushman Bharat Health, Infrastructure Mission and Jan Arogya Yojana, when implemented effectively, can boost rural healthcare infrastructure. According to Invest India's study, 100% FDI has been allowed by the government under the automatic route to invest in developing hospitals. Moreover, 100% FDI is also permissible under automatic routes in medical device manufacturing. Health-tech entrepreneurial and startup ecosystem can play an important role in filling the gaps through innovation. The size of the market that is expected to reach Rs. 485.4 billion by 2024. According to Invest India's report, there has been a 45.06% increase in total investments in health-tech startups. A report by London & Partners and Dealroom.co published last year says that Indian health-tech startups have raised US$ 1.9 billion alone in 2021 from VCs. This ranks India just behind the US, China, and the UK. Currently, there are over 3000 health-tech startups in India and it is further growing. The investment will also provide employment opportunities to the sector. Government's healthcare infrastructure schemes, health-tech startup ecosystem and substantial investment can provide an upgrade to rural healthcare resulting in accessibility and affordability in healthcare delivery to rural population. Read on...

The Times of India: How the changing dynamics of healthcare industry are making rural India healthy?
Author: Priyadarshi Mohapatra


Mohammad Anas Wahaj | 24 dec 2021

India's handicraft sector is an important part of the economy, both from local consumption and export point of view. According to ibef.org (India Brand Equity Forum) website India has around 7 million artisans as per official estimates, but unofficial figures consider this figure to be huge 200 million. Moreover, there are more than 3000 art forms in which these artisans are engaged in. The website (ibef.org) further provides the following statistics related to Indian handicraft and handloom export (FY21): Woodwares at US$ 845.51 million; Embroidered and crocheted goods at US$ 604.38 million; Art metal wares at US$ 468.66 million; Handprinted textiles and scarves at US$ 339.03 million; Imitation jewellery at US$ 186.65 million; Miscellaneous handicrafts at US$ 826.68 million. Indian government is also providing special push to this sector through various schemes, as described on the handicrafts.nic.in (Development Commissioner Handicrafts, Ministry of Textiles, Govt. of India) website - NATIONAL HANDICRAFTS DEVELOPMENT PROGRAMME - NHDP (Includes Marketing Support and Services; Skill Development in Handicraft Sector; Ambedkar Hastshilp Vikas Yojana [AHVY]; Direct Benefit to Artisans (Welfare); Infrastructure and Technology Support; Research and Development ). COMPERHENSIVE HANDICRAFTS CLUSTER DEVELOPMENT SCHEME (CHCDS) that aims to enhance the insfratructural and production chain at handicraft clusters in India and bring them to global standards. According to Prof. Syed Khalid Hashmi of Millennium Institute of Management, Aurangabad (Market for Indian Handicrafts, Excel Journal of Engineering Technology and Management Science, Dec-Jan 2012), 'The handicrafts sector plays a significant and important role in the country's economy. It provides employment to a vast segment of craft persons in rural and semi urban areas and generates substantial foreign exchange for the country. The handicraft sector has, however, suffered due to its being unorganized, with the additional constraints of lack of education, low capital, and poor exposure to new technologies, absence of market intelligence, and a poor institutional framework...Indian handicraft has great growth potential in the changing scenario with its basic strength being the abundant and cheap availability of manpower and being a traditional profession of millions still requires very low investment compared with other countries barring China.' A new book, 'Crafting a Future: Stories of Indian Textiles and Sustainable Practices' by Archana Shah, explores the contribution of artisans, designers, NGOs etc to handcrafted textiles sector by focusing on the skills and processes of the creators, and weaves the stories of their accomplishment and success. Ms. Shah is worried about the competition that handcrafted textiles face with tech-powered textile manufacturing and has been working to revive and rejuvenate several craft skills. She is the founder of Ahmedabad's Bandhej (a handcrafted textile fashion brand founded in 1981), and has been collaborating with artisans around the country for the last 40 years to create textiles for urban markets. The book is the result of her interactions with artisans over her long career. She says, 'It is broadly divided into three sections of natural fibres: cotton, a plant-based fibre; silk produced by insects; and wool, obtained from animals. It resonates with Gandhiji's concept of developing khadi and village industries to rejuvenate the rural economy and stimulate development through a bottoms-up approach.' The book addresses two major challenges - unemployment and climate change. Ms. Shah says, 'By making productive use of their time and skills, women and marginalised communities involved in this sector will be empowered, and enjoy a sense of self-worth and dignity. Families will benefit from sustainable livelihoods in their own locations, protecting them from the misery of forced economic migration to urban centres where regular work is difficult to find. The challenge is how to bridge the gap, connect the producers with the markets, create products that are 'Handmade in India' for the local, national and global markets and in the process, make the world a better place for future generations.' Read on...

Deccan Chronicle: Handmade in India
Author: Swati Sharma


Mohammad Anas Wahaj | 21 nov 2021

The book 'Unshackling India: Hard Truths and Clear Choices for Economic Revival' authored by Ajay Chhibber and Salman Anees Soz explores expectations from India's economy in the next 25 years and whether it will become a mature democracy and developed economy by 2047, the hundredth year of its independence. The authors argue that India needs to look ahead to achieve economic prosperity and inclusivity with realistic approaches and new ideas. They say, 'What India needs is an aspirational goal. GDP targets - US$ 5 trillion or even US$ 10 trillion - do not inspire the broader citizenry.' The book consider China a threat and suggests a competitive approach towards it. Also, 'Samriddh aur Sajit Bharat @100' (Prosperous and Inclusive India @100) is a slogan that all political parties should adopt as their motto. For Indian corporations, the book says, 'They should aim to grow at home and abroad instead of looking for tweaks in tariffs and regulations to serve very narrow short-term interests.' Mentioning COVID-19 crisis and government's approach towards it with existing substandard healthcare infrastructure, authors say, 'New lockdowns ensued, guaranteeing a slowdown in economic activity and prospects of further misery for the poorest and most vulnerable sections of society...India has been forced to reset by the COVID-19 crisis. Perhaps that is how India reforms - in response to crises. While COVID-19 may have set us back by several years (or longer), India could convert this into an opportunity to revitalize and structure our economic system for the future.' The crisis also created global economic challenges and India has to manage them effectivcely to pursue its expected growth trajectory. Read on...

Devdiscource: Book takes critical look at Indian economy
Author: NA


Mohammad Anas Wahaj | 23 oct 2021

India's changing socio-economic scenario is urging corporates, entrepreneurs and individuals to focus on solving social problems and creating a positive social impact in lives of those who are at the bottom of the pyramid, a concept that was first propagated by C. K. Prahalad and Stuart L. Hart in their article 'The Fortune at the Bottom of the Pyramid' (Strategy+Business, 2002). It proposed that companies should innovate and also focus on the needs of those at the bottom of the pyramid. By doing so they will not only expand their markets but will also serve the marginalized communites and uplift their socio-economic conditions. According to the article 'Budget 2014: Tapping the aspirational class of India' (Shuchi Bansal; Mint, 11 Jul 2014), while presenting the budget in 2014 Late Mr. Arun Jaitley, the then Finance Minister, referred to aspirational Indians and what he called the 'neo middle class'. He said, 'India unhesitatingly desires to grow...those who have got an opportunity to emerge from the difficult challenges have become aspirational. They now want to be part of the neo middle class.' In the same article, a research study by Quantum Consumer Consulting, finds that 34% of these strata are aged between 10 and 25 years and aspires for a better life. Ravi Narayan, CEO at T-Hub, explains how this aspirational class can be an opportunity for social entrepreneurs to focus on and make a real difference in the innovation ecosystem. He says, 'It is about time social changemakers start tapping into India's aspirational class, who are tomorrow's neo-middle class. Understanding this under-served stratum is key to unlocking the potential of the Indian economy.' He provides examples of organizations from India's impact ecosystem that are making a difference. According to Mr. Narayan, 'India's strong digital infrastructure has been a gamechanger for those who want to leverage the power of technology to create a social impact on a larger scale. The growing smartphone penetration and high-speed internet connectivity in rural areas have empowered social entrepreneurs and innovators to create new models for change to accelerate social impact.' EdTech, AgriTech, healthcare and microcredit finance are critical areas where social entrepreneurs and incubators are offering inclusive and sustainable solutions to ensure the upward mobility of the marginalized class. Mentioning the best practices in social innovation in India's context, Mr. Narayan says, 'Speaking from experience, I am convinced that social innovation in the Indian context is not clearly defined by an evidence-based approach. Perhaps therein lies one of its bigger challenges. Social entrepreneurs working to create an impact on the scale have to contend with operational challenges, such as a lack of market access, besides inadequate investor connect and mentoring opportunities. Also, technologically and in terms of scale, it is difficult to solve problems in this sector as the risk factor is high for social entrepreneurs. Besides, the educated class with its worldview isn't contributing enough to the growth of this sector. Such pain points highlight the need for open innovation to solve India's most complex social problems.' He also says that maximizing inclusion is key and this cannot be attained by merely leveraging technology. There has to be a larger objective of creating a holistic inclusive social impact ecosystem. A fragmented innovation ecosystem cannot thrive in the absence of a comprehensive social innovation policy. He concludes, 'I believe that social innovators - be it individuals, social incubators, governments, corporates, academia, or startups - who put people first will help create new and exciting markets and facilitate a synergistic innovation ecosystem.' Read on...

Entrepreneur: How to Address the Yawning Gap in India's Social Impact Sector
Author: Ravi Narayan


Mohammad Anas Wahaj | 24 jul 2021

Fashion industry is one of the most polluting industry in the world. The World Economic Forum article 'These facts show how unsustainable the fashion industry is' (Author - Morgan McFall-Johnsen; 31 jan 2020) provides data to emphasize the fashion industry's polluting aspects. Here are the few of these facts - (1) In total, up to 85% of textiles go into landfills each year. That's enough to fill the Sydney harbor annually. (2) Washing clothes releases 500000 tons of microfibers into the ocean each year - the equivalent of 50 billion plastic bottles. (3) A 2017 report from the International Union for Conservation of Nature (IUCN) estimated that 35% of all microplastics - very small pieces of plastic that never biodegrade - in the ocean came from the laundering of synthetic textiles like polyester. (4) The fashion industry is responsible for 10% of humanity's carbon emissions. (5) The fashion industry is the second-largest consumer of water worldwide. (6) Textile dyeing is the world's second-largest polluter of water, since the water leftover from the dyeing process is often dumped into ditches, streams, or rivers. (7) Fashion industry is responsible for 20% of all industrial water pollution worldwide. Fast fashion is one of the main reasons behind the negative impact of fashion industry. According to Wikipedia article 'Environmental impact of fashion', fast fashion is 'an approach to the design, creation, and marketing of clothing fashions that emphasizes making fashion trends quickly and cheaply available to consumers.' The idea is that speedy mass production combined with cheap labor will make clothes cheaper for those buying them, thus allowing these fast fashion trends to maintain economic success. The main concern with fast fashion is the clothes waste it produces. According to the Environmental Protection Agency 15.1 million tons of textile clothing waste was produced in 2013 alone. Recently a webinar was organized by Department of Design and Crafts at BBKDAV College for Women with experts in the field discussing the sustainability concepts in fashion and design industry. Prof. Raghuraman Iyer, a master of Design in Product Designing from IIT (Mumbai) and Head of Punyaa Education and Research Foundation, said, 'The need to move towards sustainable practices in designing and crafting of the products is more than ever now. Sustainable and sensible crafting will lead to less textile waste, less harm to animals, fairer wages and working conditions and a better tomorrow for the future.' Prof. Prabhjot Kaur, Department of design at BBKDAV, said, 'Even while investing in furniture of the house, one needs to be cautious as the chemical polish used on it releases toxic fumes. We can overcome such issues by keeping high oxygen generating indoor plants or having good ventilation system.' Dr. Pushpinder Walia, Principal of BBKDAV College for Women, said that after experiencing the pandemic, our generation must become more responsible. Read on...

Tribune India: 'Killing' it with fast fashion
Author: NA


Mohammad Anas Wahaj | 29 mar 2021

India's healthcare ecosystem is continuously evolving with changes in health policies, advancement in technologies, financial innovations etc. But, what is most critical is patient centricity, that should be at the core of all products and services development. Digital transformation is enabling this patient focus in healthcare. According to the World Economic Forum Report 2016 (weforum.org) titled 'Building the Healthcare System of the Future', the future of healthcare will be 'consumer-centric' and there are four digital themes that will be critical for digital transformation of healthcare over the next decade - (1) Smart Care (2) Care Anywhere (3) Empowered Care (4) Intelligent Healthcare Enterprise. The new structure for the healthcare system will include - Continuous Monitoring; Retail Clinics; Connected Home; Auto Paitent Access; Virtual Care Circles; Omni-channel Experience; Intelligent Treatments; Me, My Data and I; Augmented Wayfinding; Seamless Financing; Intelligent Machines; Virtual Care Team; Connected Care; Coordinated Ecosystem. Rehan A. Khan, Managing Director of MSD (India Region), explains how the patient-centered digitally-led healthcare ecosystem is developing in India driven by disease management, prevention and focus on wellness. He says, 'By leveraging disruptive innovations, we are personalizing patient and physician experience, and transforming healthcare access. We are around a close corner from a future where personalized medicines, curative therapies, digital therapeutics and precision intervention through robotic surgery, nanotechnology, 3D printing etc. will redefine healthcare across the globe and in our country.' Healthcare policies focused on digitalization are already in place and the initiatives are beginning to shape the future. There are now over 1 million registered Health IDs, 2900 verified 'digi doctors', a robust Health Facility Registry with over 1400 approved health facilities and a Live NDHM (National Digital Health Mission) application available on Android store. National Policy on Security of Health Systems and Privacy of Personal Health Records developed in accordance with the Personal Data Protection Bill 2019, will enable swift implementation of big data analytics. Mr. Khan suggests, 'Developing innovation hubs, forging strong Public Private Partnerships and driving patientcare digitally are critical pillars for driving Health For All.' Read on...

The Economic Times: Reimagining healthcare in India
Author: Rehan A. Khan


Mohammad Anas Wahaj | 29 jan 2021

According to the World Bank's most recent statistics - India's rural population is 66% of the total population (2019); 41% of the total employment is involved in agriculture and farming (2020); Agriculture, forestry, and fishing, value added, contribute 16% to India's GDP (2019). Moreover, Food and Agriculture Organization (FAO) of the United Nations (fao.org) says , 'Agriculture, with its allied sectors, is the largest source of livelihoods in India. 70% of its rural households still depend primarily on agriculture for their livelihood, with 82% of farmers being small and marginal.' Considering these statistics it is evident that India is substantially dependant on agrarian economy. The sector is looking for transition from an inefficient, unorganized and archaic one, that pushes farmers to commit suicide, to more modern with incorporation of technology and scientific methodologies, to make it profitable and sustainable to the agricultural community. The recent protest of the farmers at such a large scale has also brought the need of handling any transformation in the sector with caution and is to be carried out in a peaceful and democratic way by taking into confidence those who are affected the most with any policy change. The need for consultation and understanding is the only way to bring the needed evolution of the agricultural sector and make it thrive. Digitization and varied use of technology is a step that pushes agricultural economy towards this goal. NITI Aayog's report on Artificial Intelligence (AI) says that to maintain annual growth rate of 8-10%, agriculture must grow at 4% or higher. Technologies that can be applied include those on the farming side like sensor-assisted soil assessment, automated monitoring of free-ranging animals on pastures, targeted control of agricultural machinery, use of high quality seeds, optimum and measured use of fertilizers and pesticides, modern farming equipment and methods, scientific approach to agriculture etc, and there are technologies that need to be applied post-production, from farm to the market, like digitization in farm product management, supply chain management, logistics, Mandis and retail selling etc. This will lead to better produce with agri-waste reduction and efficiency in cost optimization. The three most essential elements that would lay the foundation of digitization in agriculture would include - Internet of Things (IoT); Nanotechnology; Digital Education. There are two most important technology related concepts in farming - 'Precision Farming' involves creating new production and management techniques that make intensive and efficient use of data regarding a specific location and crop; 'Smart Farming' or 'Farming 4.0' is the application of information and data technologies for optimising complex farming systems. To implement these concepts at a large scale in India's massive agriculture sector comes up with many challenges that need to be overcome - Digital divide; Lack of farmer literacy; Lack of financial resources particularly in case of small and medium farmers; Interruptions in rural power supply. Even though government and private sector knows the potential of digitization and technological transformation, major challenge is to involve farmers in the process by creating proper awareness and showcasing the benefits of technology-enabled agriculture. Government and private sector have already initiated the various projects in this regard like for example Microsoft has developed an 'AI-Sowing App', in collaboration with International Crops Research Institute for the Semi-arid Tropics (ICRISAT), that sends advisory to the farmers regarding the optimal date of seed-sowing; NITI Aayog has partnered with IBM to develop a crop yield prediction model backed by AI to provide real-time data and communicate the required advisory to farmers; 'Blue River' project has designed and integrated computer vision with machine learning technology that will help cultivators to reduce the use of fertilisers and herbicides by spraying only where and when needed. Government projects in digitization include - Kisan Suvidha, Pusa Krishi, Farm-o-pedia App, Crop Insurance Android App, Agri-Market, M-Kisan Application, Shetkari Masik Android App etc. Read on...

Businessworld: Digitisation In Agriculture: A Necessity For India
Author: Urvi Shrivastav


Mohammad Anas Wahaj | 22 dec 2020

Access and affordability, along with innovation and sound regulatory mechanism and government policies, are the essential components of developed and modern healthcare system. India has to pursue consolidated strategies to become a better healthcare system and leverage its R&D human resources to become a design hub for medical devices with a focus on global markets. Pavan Choudary, Chairman and Director General of Medical Technology Association of India (MTaI), in conversation with Viveka Roychowdhury, Editor of Express Pharma and Express Healthcare, explains his views on India's healthcare sector, medical devices and medtech industry, COVID-19 pandemic and post-pandemic challenges, government policies, investments in the sector and the way forward. EXCERPTS FROM THE INTERVIEW - (1) ON HEALTHCARE SYSTEM: • 'Value-based healthcare will bring together all modalities of care delivery to create a well-coordinated 'continuum of care'. It is important for government to devise incentive systems to work for patients by encouraging companies and healthcare systems to deliver quality and better outcomes.' • 'India can take learning from countries like Philippines and Turkey who have over the time strengthened their health care infrastructure, but this has been done by making a conscious effort to increase their healthcare spend. At 1.29% of GDP spent on healthcare, India needs to considerably increase its healthcare budget to at least four per cent of the total GDP; by doing so, we will have started our journey towards last mile healthcare delivery.' • 'Telemedicine is another avenue that the government can facilitate to improve access to healthcare. The sheer size of India's 1.3 billion demographic means that the applications for telemedicine are immense. Telemedicine will also enable India to address its poor doctor-patient ratio of 0.85 which means barely one physician per 1000 people as compared to four physicians per 1000 people in Europe. A 2019 report by McKinsey Global Institute, 'Digital India: Technology to Transform a Connected Nation', states that India can save up to US$ 10 billion by 2025 if telemedicine services could replace 30 to 40% of in-person consultations.' (2) ON MEDTECH, MEDICAL DEVICES, INVESTMENTS & COVID-19: • 'Instead of implementing price caps on medtech products, the government should adopt a mechanism to rationalise trade margins which will achieve the objective of reducing high MRPs as well as allow medtech industry to continue bringing the latest technology in healthcare to India, increase affordable access to quality care and support skilling and training of health care workers.' • 'India also reduced custom duties on a few essential medical devices used in the treatment of COVID-19, however for the rest of the products it did not lighten the load of the 5% cess ad valorem imposed in April earlier this year. This, coupled with the INR depreciating by almost 7-8% in March 2020 against the EUR and the USD, meant a very significant hit for the medical technology industry where more than 80% of the products are imported.' • 'To be ATMANIRBHAR (self-reliant) in medtech, we should also be able to design in India medical devices for the world by utilising India's rich talent in R&D. India is the third largest medtech R&D employer of the world, next to only US and Germany.' • 'We must also be cognizant of the financial challenges that the pandemic has brought. There are some other aspects which the government needs to closely evaluate and consider to reassure the industry, these aspects include creating policies which provide a level playing field to all players, agnostic of their country of origin and a stable regulatory climate for the industry. Addressing these will move the make in India needle, steadily forward. The global companies hope to be eventually and once again, the main movers of this needle.' ATMANIRBHAR BHARAT is the Prime Minister's vision to make India a self-reliant nation. Read on...

Express Healthcare: To be Atmanirbhar in medtech, we should also be able to design in India medical devices for the world: Pavan Choudary
Author: Viveka Roychowdhury


Mohammad Anas Wahaj | 27 nov 2020

According to the latest report by Oxford Economics, India will be worst-affected among the world's major economies even after the pandemic lessens, with output 12% below pre-virus levels through the middle of the decade. Priyanka Kishore, head of economics for South Asia and South-East Asia at Oxford Economics, says, 'It's likely that headwinds already hampering growth prior to 2020 - such as stressed corporate balance sheets, elevated non-performing assets of banks, the fallout in non-bank financial companies, and labor market weakness - will worsen.' Ms. Kishore projects potential growth for India at 4.5% over the next five years, lower than 6.5% before the virus. A recently published paper by Reserve Bank of India predicted Asia's third-largest economy has entered a historic technical recession. The International Monetary Fund predicts GDP will shrink 10.3% in the year to March 2021. Ms. Kishore further adds, 'All supply-side factors feel the effect, with only human capital's contribution unchanged from the pre-virus baseline. Capital accumulation takes the biggest hit because we expect balance-sheet stresses to worsen following the crisis, lengthening the investment recovery cycle.' Read on...

ThePrint: Indian economy will struggle even after Covid, grow at 4.5% until 2025 - Oxford Economics
Author: Anirban Nag


Mohammad Anas Wahaj | 18 oct 2020

Small women-run farm collectives became a success story of self-sufficiency during COVID-19 lockdown in Tamil Nadu (India). These informal groups have been facilitated by a grassroots nonprofit 'Women's Collective' that encourages poor women, who neither own land nor are able to lease land on their own, to come together and lease land collectively to grow food. In the IndiaSpend article dated 09 sep 2019, author Shreya Raman states, 'In a country (India) where 73.2% of rural women workers are engaged in agriculture, women own only 12.8% of land holdings.' Sheelu Francis, co-founder of Women's Collective, says, 'We began with five collective farms in 2010, with the intention of helping landless single or widowed women achieve food security. With collective farming, we ensure nutrition and food security for landless women at the household level.' There are now 89 collective farms with a total of 695 members spread across Tamil Nadu. Each collective has 5-10 members. Women's Collective is responsible for training and providing agricultural know-how. Farmers utilize organic farm methods and avoid chemical fertilizers. The size of the plot determines the choice of crops the women farmers will grow. Landlord usually gets 1/3 of the harvest as rent while the members distribute the rest among themselves. Read on...

The Guardian: Fruits of shared labour: The Indian women joining forces for food security
Author: Anne Pinto-Rodrigues


Mohammad Anas Wahaj | 31 aug 2020

COVID-19 has brought about new challenges for brands and businesses. Changing consumer behavior, excessive use of social media, prevalence of fake news, fast spread of public opinion through internet etc has exacerbated the problems that businesses are facing. The large amount of content that is generated at this time is filled with mixed emotions - happiness, anger, fear, and disgust. Anubhav Mishra, professor of marketing at the Indian Institute of Management Ranchi, provides a solution for brands to follow to manoeuver through the current marketing challenges - a simple LAC Model - that stands for Listen, Act, and Communicate. He explains - (1) LISTEN: 'Social media listening is the first step, which most of the brands regularly do as part of their digital marketing strategy. Brands collect information and do a sentiment analysis to understand the emotions hidden in those tweets or Facebook posts. Sentiment analysis reflects what consumers are feeling about that brand. A careful filtering of the information should reveal consumer's expectations and challenges from the brand.' (2) ACT: 'The next step is to act on the information collected in the listening process...Brands should find innovative ways to act on the information to ease the pains of consumers.' (3) COMMUNICATE: 'A critical aspect of communication is to gather free media and support from consumers...A firm must resist the temptation to chest thumping which can severely backfire. Many people are dying globally and there is a general atmosphere of fear and mistrust...Consumers are showing signs of distrust and skepticism toward any communication. In such scenario, content must be created to show feelings of concerns towards the severe spread. Brands should reflect that they care for their consumers in these testing times.' Read on...

Campaign India: Opinion: Marketing in the time of Covid-19
Author: Anubhav Mishra


Mohammad Anas Wahaj | 13 aug 2020

The 'Report of the Committee on Business Responsibility Reporting' was recently released by Ministry of Corporate Affairs (MCA, Govt. of India) by MCA Secretary Rajesh Verma. The expert members of the committee include Gyaneshwar Kumar Singh (Chairman of the Committee & Joint Secretary, MCA), Amarjeet Singh (Executive Director, SEBI), Chandan Kumar (Deputy Director, MCA), Ashish Garg (President, The Institute of Company Secretaries of India, ICSI), Atul Kumar Gupta (President, The Institute of Chartered Accountants of India, ICAI), Balwinder Singh (President, The Institute of Cost Accountants of India, ICMAI), Shankar Venkateswaran (Adjunct Faculty, Indian Institute of Corporate Affairs, IICA) and Viraf Mehta (Adjunct Faculty, Indian Institute of Corporate Affairs, IICA). The report, as part of new Business Responsibility and Sustainability Report (BRSR) regime, suggests that businesses will have to disclose in detail how they try to influence regulatory policies and public opinion and list the public policy positions they advocate. The report proposes two different reporting procedures - one comprehensive mandatory reporting for large listed and unlisted companies and the other 'lite' reporting version for smaller businesses to adopt voluntarily. Disclosure of lobbying is considered an essential reporting requirement. The report says, 'Businesses, when engaging in influencing public and regulatory policy, should do so in a manner that is responsible and transparent.' Businesses also have to disclose details of public policy positions they advocate, methods resorted to for advocacy and whether information on this is available in the public domain. The report considers inclusion and diversity, and environmental considertations as important components of reporting. Former Secretary of MCA, Injeti Srinivas, who formulated the committee, writes in the report, 'With several global companies being larger than many nation states in terms of turnover, the responsibility of businesses to their stakeholders will only increase in the coming years. The NGRBC (National Guidelines for Responsible Business Conduct) and its companion BRSR is a significant step to enable businesses in India to not just behave responsibly, but to also demonstrate to its stakeholders that it walks the talk. We can then proudly say 'Make in India - Responsibly'.' Gyaneshwar Kumar Singh, Chairman of the Committee & Joint Secretary in MCA, writes in the report, 'The endeavour of the Committee has been to ensure that the BRSR reporting format would serve as a single source for all non-financial disclosures. Over the last two decades, public policy across the world, has been moving in this direction. In designing the structure of the report, the Committee has made a conscious effort to balance the objective of self-regulation through disclosures while ensuring that there is no undue compliance burden on companies.' Read on...

Livemint: 'Firms must reveal how they influence policy'
Author: Gireesh Chandra Prasad


Mohammad Anas Wahaj | 29 jul 2020

India has developed expertise in chip design and microchip design related services and its R&D centers are world renowned. On the contrary, it lacks sunbstantially in chip fabrication and manufacturing facilities. Over the years not much investment has been made in this regard and India lags far behind countries like Taiwan, China and the US. Experts suggest that building chip fabrication facilities and ecosystem require huge investments and takes time along with conducive government policies. Moreover, manufacturing is expensive unless it can achieve economies of scale like in Taiwan and China. To reduce its dependancy on China and finding an opportunity to become an alternative destination for chip manufacturing, Indian policy makers and businesses have to consider long-term strategic planning in this regard. Aditya Narayan Mishra, Director and CEO of CIEL HR Services, says, 'Chip design and manufacturing is a highly capital-intensive business...We need access to capital, favourable policies and investment on the ecosystem from design to application engineering...The government has to decide if this is an industry which needs to be promoted.' Dr. Satya Gupta, Chairman of India Electronics and Semiconductor Association (IESA), says, 'A fabrication facility for chip manufacturing requires on an average US$ 8-to-10 billion of investment...Most chip designers outsource to third-party manufacturers who have the expertise and scale in developing such chips.' Ganesh Suryanarayanan, CTO of Myelin Foundry Pvt. Ltd., says, 'Companies in China and Taiwan have had a lot of government support over the last couple of decades to foster such an ecosystem, which consists of materials, machinery, manufacturing, testing, packaging, and sales...Indian government tried one initiative called the Hindustan Semiconductor Manufacturing Corporation (HSMC)...which did not take off-based on the need for heavy initial investment and delayed return on investment.' Read on...

THE WEEK: Why India is good at designing chips, but not at manufacturing them
Author: Abhinav Singh


Mohammad Anas Wahaj | 22 jul 2020

A crisis like COVID-19 pandemic brings challenges and causes disruptions that in turn creates new opportunities and invigorates entrepreneurial activity to search for innovative solutions. Startup companies are a normal progression of this entrepreneurial activity. In the context of India, studies have shown that around 90% of startups fail within the first five years because of various reasons including lack of innovation and guidance. Now Indian Institute of Technology, Kanpur (IIT-K) is partnering with Entrepreneurship First (EF) of UK to support and fund entrepreneurial talent and early-stage startups. EF will help to build co-founder teams, offer mentorship, strengthen the business model and provide pre-seed investment to the startups. IIT-K will provide the business incubator facility as the next step to build a network of expert advisors, access to prototyping facilities and grants. Amitabha Bandyopadhyay, faculty head of IIT-K Incubator, says, 'While India has a huge pool of talented tech-enthusiasts, they are not necessarily knowledgeable about setting up and expanding an enterprise. Industry partnerships can help boost the success rate of early-stage startups in India...The post-COVID-19 world will have a different way of life and technology will become an extension of every process, transaction or interaction.' Esha Tiwary, general manager of Entrepreneur First (India), says, 'Most often, successful enterprises are formed during the times of crisis...The concept of investing in individuals before they have a registered company is in its nascent stage in India as well as across the world. To improve India's startup ecosystem, it is crucial to invest in individuals with unique ideas and early-stage startups.' Read on...

The Times of India: Covid-19 to boost tech entrepreneurship in India
Author: Sheetal Banchariya


Mohammad Anas Wahaj | 13 jun 2020

India's agriculture should scale up to the next level in terms of empowerment to farmers, enhanced supply chain and logistics networks, advanced technological usage, superior quality of produce and global competitiveness. Recent announcement of reforms by the Finance Minister of India, Nirmala Sitaraman, focusing on amendment in the Agricultural Produce Marketing Committee (APMC) Act, the Essential Commodities Act, and facilitating contract farming through price and quality assurance, has drawn a positive response from Ashok Gulati, former chairman of Commission for Agricultural Costs and Prices, who termed it as 'A 1991 moment for Indian agriculture.' M. R. Subramani, executive editor of SwarajyaMag, explains the present focus and what more is required for India's agriculture to revolutionalize itself and move into an era of overall success. He points out three areas - (1) Food Stocks: Going beyond fulfilling domestic demand; Food Corporation of India (FCI) show that current foodgrain stocks in the country are nearly three times the mandated operational and reserve storage norms; Indian agriculture should look more closely at consumers' interests, export markets and making optimum use of its human resources; Focus on producing healthy foods like diabetic-friendly varieties etc; Encouraging the production of coarse grains such as ragi, maize, bajra and sorghum will help farmers diversify and getter higher returns. (2) Focus on Inputs: Focus has been on the input side of agriculture such as seeds, pesticides and insecticides only and most subsidies are directed here; Efforts should focus on the output side of agriculture such as marketing and meeting consumer needs; Change in farmer's mindset is needed to think beyond just selling their produce only to meet their next crop's input costs and keeping a portion for personal consumption; To keep next generations engaged in farming new methods and processes are to be introduced for increased productivity and profitability. (3) Minimum Support Price (MSP) System: Indian MSP policy is under the scrutiny of the World Trade Organisation (WTO) for distorting markets and is supposedly flawed as it does not reward productivity; Incentivise foodgrain production by rewarding farmers producing more per hectare, and this is necessary particularly when the outlook shifts towards meeting the consumer or export market demand, in addition to staying self-sufficient. Read on...

The Hindu: India needs a paradigm shift in agriculture
Author: M. R. Subramani


Mohammad Anas Wahaj | 26 may 2020

CSR (Corporate Social Responsibility) spend is mandatory for certain profitable corporations in India. Most businesses are strategically utilizing their CSR funds. Moreover, Covid-19 pandemic and subsequent directive by government for corporates to participate in Covid-19 relief as part of their CSR activity, has prompted companies to innovate their CSR spends. Gaurav Patra, founder of Value360 Communication, explains how marketers are utilizing the challenge posed by Covid-19 as opportunity to strengthen their brands by strategically focusing on CSR to support society and connect with communities. He says, 'In this hour of global crisis, various marketers are stepping up and aligning their strategy in line with the announcements made by the government. Brands should take this as an opportunity to look inward and be as resourceful as possbile towards the cause. Many companies and businesses are donating certain amounts to the 'PM Cares Fund' formed by the Government of India, while others focus on facilitating vital necessities like masks, sanitizers, gloves, medicines, food to the underprivileged, health institutions, hospitals, etc. Marketers and brands are also committing a certain portion of their CSR funds towards Covid Fund. They are also placing health check-up camps in tier-2 cities in order to help migrants get tested first hand. Few brands have also come forward to manufacture ventilators, sanitizers, thermal testers, drones lending assistance to the government in combating this pandemic situation.' Companies are utilizing various media channels like print, television, social media etc to create awarenesss and educate the masses through creatively designing campaigns with Covid-19 theme. Mr. Patra suggests, 'Given the scale and urgency of the situation, brands should co-create their solutions as an effective response to Covid-19 outbreak. Together, through the right channel, one voice, we can safeguard our nation and help fight this global pandemic.' Read on...

Business Insider: How marketers are now focusing on CSR in current COVID-19 situation
Author: Gaurav Patra


Mohammad Anas Wahaj | 14 may 2020

Covid-19 pandemic is affecting all aspects of human life, and even when the immediate severity of the crisis has subsided and nations start to ease lockdowns in hope of bringing their economies and people's lives back on track, the world will continue to see the after effects for a long time ahead. Experts share their views on pandemic's impact on future of design and how it will change the built environment in healthcare, hospitality, residential living etc - (1) Impact on Healthcare (Rahul Kadri, partner and principal Architect, IMK Architects): New generation of hospitals will be designed; Integrate tech-driven solutions; Better natural ventilation to minimize cross-infection; Segregation of general, semi-sterile and sterile zones; Net zero designing; Demarcation and separation of service and maintenance areas from the procedure areas; Rapid time to build and construct; Medical hub model. (2) Impact on Hospitality (Amit Khanna, design principal, Amit Khanna Design Associates): Screenings will become a part of entrance design in hotels; Use of automation to avoid human contact; Automated sliding or revolving glass door; Rethink on facilities like swimming pools, salons and health clubs; Top-end hospitality projects may prefer to redesign their communal facilities. (3) Impact on Urban Design (Mitu Mathur, director, GPM Architects and Planners): Towns need to be designed for all classes of society; Ensure housing-for-all; Promote affordable housing; Special design focus on migrant workers. (4) Using AI for Construction (Anand Sharma, founder partner, Design Forum International): Architecture, engineering and construction (AEC) industry will have more use of artificial intelligence (AI), cloud computing etc; Building Information Management (BIM) Development promotes workers of industry to be collaborative, connected and transparent; Future of construction will innovate like utilising the Internet of Things and leveraging 3D imaging to replicate the experience of a site. (5) Impact on Housing Design (L. C. Mittal, director, Motia Group): Adoption of advanced technology in elevators and entrances, like voice-enabled elevators and key card entry systems respectively, to eliminate human contact; Sanitisation of common areas would become a mandatory exercise for societies; Daily needs shopping store will become an integral part of housing societies. Read on...

India Today: A post-pandemic design revolution
Author: Ridhi Kale


Mohammad Anas Wahaj | 19 apr 2020

Experts say that technology companies are now more inclined to hire people with background in humanities as they have better understanding of customer needs and have capacity to help design more relevant software. Scott Hartley, author and venture capitalist, in his book 'The Fuzzie and the Techie: Why the Liberal Arts', says, 'The best engineers are those who are also deeply versed in and passionate about philosophy, psychology, and ethics. They play music, are refined in culture and have a deep sense of their own values.' Kalika Bali, principal researcher at the Microsoft Research Lab in Bengaluru (India), says, 'As technology becomes more pervasive and human-centric, professionals with expertise in social sciences are needed to understand how it is best used by individuals and societies.' Here are the few of the many examples that highlight this trend globally - Bess Yount of Facebook (communications and sociology); Stewart Butterfield of Slack (philosophy); Jack Ma of Alibaba (english); Brian Chesky of Airbnb (fine arts); Susan Wojcicki of YouTube (history and literature). Sean O'Brien, vice president of education and training at SAS, says, 'Many liberal arts degrees require extensive research and writing. And good writing requires precise expression of thinking. So liberal arts majors often have the most training in how to think and how to communicate their ideas in spoken and written form. Few engineers get that kind of writing experience. In an age of 280 characters, IM and Slack, clear communication skills have atrophied. The technology values speed and compression over precision and completeness. This communications scarcity is a gap that liberal arts graduates are ideally fit for.' Ashok Srivastava, chief data officer of Intuit, emphasises the idea of breaking up a problem into smaller pieces and tracing the history behind the decisions made. He also says, 'I have found that teams that have varied backgrounds function better as they have a better understanding of the customer needs.' Richard Lobo, head of human resources at Infosys, says, 'By building a new hybrid talent pool, which draws on broad-based liberal arts foundations and promotes cognitive diversity, we can leverage the liberal arts and technological know-how required to create complex and advanced technology solutions.' Kaushik Banerjee, business head at staffing firm TeamLease, says, 'An education in liberal arts is broad and diverse, rather than narrow and specialised. Most of the successful UI/UX designers are from creative arts.' An average tech company hires about 20% from liberal arts, and a combination of liberal arts with STEM (science, technology, engineering, math) subjects or an MBA is a huge plus. Kamal Karanth, CEO of staffing company Xpheno, says that between the two ends of software industry (tech end and user's end), there's now a critical layer of non-tech talent and skillsets that operates close to both ends. Read on...

The Times of India: Why tech companies are hiring people with humanities degrees
Authors: Avik Das, Arpita Misra, Swati Rathor


Mohammad Anas Wahaj | 09 mar 2020

Empowering women and girls in rural India is a necessity that can't be ignored. Initiative taken by Gurdev Kaur Deol of Ludhiana (Punjab, India) is trying to achieve it by a self-help group (SHG). She is marketing their produce through Farmer Producer Organisations (FPOs) and making them self-reliant with sizeable income. There are other nonprofits that are transforming lives of women and their families by engaging in various ways. Ms. Kaur says, 'Initially, I formed SHGs involving 15 rural women...Later, I made 'Global Self-Help Group FPO' which is now engaged in production, manufacturing, processing and marketing of food processing items such as pickles, squash, honey besides staples. Currently, we have 300 farmers with 50% of them being women.' Deepika Sindhwani, president of NGO Mahila Kalyan Samiti, says, 'These rural women are talented and need guidance. We have formed 350 SHGs...We have imparted them training in phulkari, jute bags and food processing.' National Bank for Agriculture and Rural Development (NABARD) is also assisting through SHG Bank Linkage Programme by providing credit, skills and micro entrepreneurship development training. J. P. S. Bindra of NABARD says, 'During the past one decade, we have also started forming Farmer Producer Organisations (FPOs) to increase farmers' income. A few of our FPOs have successful women farmers.' Read on...

The Tribune: Self-help groups empowering rural women in Punjab
Author: Vijay C. Roy


Mohammad Anas Wahaj | 12 feb 2020

Recently published book 'Make Health in India: Reaching a Billion Plus' by Prof. K. Srinath Reddy, president of Public Health Foundation of India (PHFI) and adjunct professor at Harvard T. H. Chan School of Public Health, analyzes India's health sector since the 1990s, explores the challenges in delivering healthcare to the large Indian population and provides recommendations on various policy and management matters. The book starts with health data and indicators. This provides how some overall figures have improved but digging deeper shows marked inter-state variations. Due to this it is recommended that there is a need to customize policy-making specific to each state. India has poor immunization rate (62-64%), which is even lower than some under-developed economies of sub-Saharan Africa. Moreover, public health expenditure in India is among the lowest in the world (0.9-1.2% of the GDP). Another chapter explains how 55-63 million people in India have been pushed to poverty over the past decade because of out-of-pocket expenditure on health as families spend 10-40 per cent of their income on health. WHO recommends out-of-pocket expenditure not to exceed 15-20% of the total health expenditure. The book says, 'To achieve that even in stages, India must aim to bring it to 50% or lower as first step,' suggesting his would require 5-6% of GDP. The book discusses tussle between center and states over increasing in health budgets with Niti Ayog asking states to double their contributions. Currently center contributes 1/3 of total public health spending. Niti Ayog's proposal to hand over district hospitals to private medical colleges in public-private partnership (PPP) mode makes the author to term it as the 'partnership-for-private profit' model, showing discontent with the concept. Another chapter tackles the issue of inaccessibility of medicines - out of 55 million who became poor due to healthcare expenditure in 2011-12, about 38 million were impoverished because of spending on medicines alone. Although India is known as the producer of inexpensive drugs and is recognized as 'global pharmacy'. The book explains, 'While the low purchasing capacity of a large segment of the Indian population may be a contributing factor, the main reason is that many drugs in India are priced higher than they should be. While a reasonable level of profit is acceptable, high mark-ups over the manufacturing cost makes the drugs costlier than they need to be.' The book also addresses Ayushman Bharat scheme and Pradhan Mantri Jan Arogya Yojana (PMJAY) - 'While the activation of HWCs (health and wellness centers) is welcome, but the budgetary allocation to the National Health Mission (which covers rural and urban health missions) in 2018 and 2019 does not reflect the commitment to boost rural primary healthcare to the level needed. It is also disappointing to see that the Urban Health Mission component has been virtually ignored in these budgets.' 'In absence of effective primary health services, the uncontrolled demand for services under PMJAY will drain the health budget, and in turn, reduce the funds available for primary care and public sector hospital strengthening.' To address shortage of healthcare providers can debilitate the health system, the book recommends creation of a National Commission for Human Resources in Health. To tackle 'maldistribution of doctors', the book recommends establishment of a National Medical Service which should recruit fresh graduates in rural areas, post-graduates in district hospitals, and create a permanent cadre of specialist doctors. Read on...

DownToEarth: Unhealthy affair: Book review - Make Health in India
Author: Banjot Kaur


Mohammad Anas Wahaj | 19 jan 2020

Father of Artificial Intelligence, John McCarthy, said, 'Artificial intelligence is the science and engineering of making intelligent machines, especially intelligent computer programs.' AI is a growing field of technology globally and India is also making strides to stay ahead in this space. According to the 2018 PwC report, 'Artificial Intelligence in India - Hype or Reality' (Authors: Sudipta Ghosh, Indranil Mitra, Prasun Nandy, Udayan Bhattacharya, Deboprio Dutta, Shruti Kakar), 71% of respondents (business decision-makers and employees) believe AI will help humans solve complex problems & live richer lives; 67% would prefer AI assistance over humans as office assistants; 43% agree that the government will apply AI to improve global climate, health and education; 60% would prefer AI assistance over humans as financial advisors or tax preparers; 72% believe that AI can provide a better experience of one-to-one personalisation. The report also finds out that nearly all (93%) have major concerns regarding data privacy. Indian researchers are also influencing and contributing to the development of AI field. Here is the list of top AI researchers and influencers in India - (1) Sankar Kumar Pal (Scientist and former Director of the Indian Statistical Institute, Kolkata): Pattern Recognition and Machine Learning; Image/Video Processing; Data Mining; Soft Computing; Granular Computing; Fuzzy-Rough Computing; Neural Nets; Web Intelligence; Bioinformatics; Social Networks; Machine-Mind Development. (2) Krothapalli Sreenivasa Rao (Indian Institute of Technology Kharagpur): Signal Processing and Machine Learning in Speech Applications; Robust speech interfaces in the context of Indian languages; Signal processing and machine learning paradigms for automatic processing of Hindustani music; Big Data Analytics for speech, music, audio and video document representation, indexing, and retrieval tasks. (3) Bidyut Baran Chaudhari (Indian Statistical Institute, Kolkata): Digital Document Processing; Optical Character Recognition; Natural Language Processing; Statistical and Fuzzy Pattern Recognition; Computer Vision and Image Processing; Cognitive Science. (4) Pushpak Bhattacharyya (IIT Bombay): Natural Language Processing; Machine Learning; AI. (5) Sriparna Saha (IIT Patna): Text Mining Pattern Recognition; Natural Language Processing; Multi-Objective Optimization; Biomedical Information Extraction. (6) Sunita Sarawagi (IIT Bombay): Neural Models for Sequence Prediction with applications to dialog generation, translation, grammar correction, and time series forecasting; Domain Adaptation and Domain Generalization; Continuous, Reusable, Human intervenable and Modular Learning; Machine Learning models for reliable aggregate statistics over predicted variables; Graphical models for selective node labeling in social networks; Structure extraction from tables and lists on the web; Inference algorithms for graphical models in information extraction task. (7) Anush Sankaran (IBM Research): Applications of Machine Learning and Deep Learning with applications to computer vision and natural language processing. (8) Anuprriya Gogna (GE Healthcare): Optimization algorithms and learning architectures for various applications in the domain of healthcare, recommendation engines, and signal/image processing; Sparse Recovery; Matrix Factorization/Completion; Deep Learning; Recommender System Design. (9) Balaraman Ravindran (IIT Madras): Machine Learning; Spatio-temporal Abstractions in Reinforcement Learning; Social Network Analysis; Data Mining. (10) VP Subramanyam Rallabandi (National Brain Research Centre, Gurgaon): Mathematical Modeling; Neuroimaging; Machine Learning; Computational Biology; Knowledge-based Image Retrieval; Artificial Neural Networks; Fuzzy Logic; Soft Computing. Read on...

Analytics Insight: THE 10 REMARKABLE AI INFLUENCERS AND RESEARCHERS IN INDIA
Author: Smriti Srivastava


Mohammad Anas Wahaj | 28 dec 2019

According to nseinfobase.com, CSR spends of Indian corporates have increased 17.2% to Rs. 11867.2 crore in FY19 from Rs. 10128.3 in FY18. This is the highest spend since FY15 (Rs. 6552.5 crore), when the CSR spend was made mandatory through Companies Act 2013. It is observed that corporates are increasingly using their CSR spends on charitable contributions. The highest amount of Rs. 4406 crore were for schedule VII (II) that focuses on education. The next big spend was Rs. 3206.5 crore under VII (I) for eradicating hunger, poverty, malnutrition and promoting health and hygiene. Rural development got Rs. 1319 crore and remaining went for projects that include environment protection, benefits to the armed forces, disaster management etc. From geographical point of view Maharashtra and Gujarat were at the top to get contributions while Bihar and North-East states got the least CSR funds. Experts say that large spends have also seemed to have prompted closer attention to how the money is spent. Amit Tandon, founder and MD of Institutional Investor Advisory Services India (IiAS), says, 'There are more and more companies who are doing impact assessment...people recognise the need to do it.' Pranav Haldea, MD at Prime Database, says, 'Low CSR budget could act as a constraint for some companies to adopt monitoring mechanisms. It may only make sense for firms with very large budgets. Smaller companies may find it too expensive to employ an agency for external audits on a regular basis.' Read on...

Business Standard: Companies spent Rs 11,867 cr on CSR activities in FY19; highest so far
Author: Sachin P. Mampatta


Mohammad Anas Wahaj | 25 dec 2019

Social enterprises can become an important pillar of Indian economy just like corporations and businesses. India has more than two million social enterprises that include nonprofits, for-profits and hybrid models. According to a McKinsey study, 'impact investors' in India poured a total of US$ 5.2 billion between 2010 and 2016, with substantial focus on sectors like financial inclusion and clean energy. A survey conducted by Brookings India found that 57% of the social enterprises identify access to debt and equity as a barrier to growth and sustainability. In the budget Indian government proposed a social stock exchange (SSE) to list social enterprises and voluntary organisations. Suresh K. Krishna, MD and CEO, and Geet Kalra, portfolio associate, at Yunus Social Business Fund, explain what benefits this social stock exchange will bring to the social enterprise ecosystem and suggest that careful planning is needed in designing it. They explain, 'SEBI (Securities and Exchange Board of India) set up its working committee on SSEs on September 19, however, many experts have already proposed distilling learnings from those of other countries. Some of these exchanges are either information sites, like in the case of the London Stock Exchange, or list nonprofit projects only. Canada's Social Venture Connexion (SVC) and Singapore's Impact Investment exchange are more advanced in terms of accreditation, valuation and monitoring, whereas the Brazilian model didn't use such valuations at all. While formulating a similar product for India, we need to have an extensive as well as 'cautious' approach. There is no consensus in the wider social impact community about what is and isn't a social enterprise, therefore the definition itself first needs more objectivity...Once we have a shared frame of reference in place, we can design impact valuation parameters for social enterprises based on social and environmental mission, target beneficiaries, service delivery, stakeholder involvement, and impact measurement.' SSE listing will provide visibility to social enterprises and assist in attracting funds in the form of private equity and debt. Listing debt products on the SSE would encourage banks, NBFCs (Non-Banking Financial Company) and other investors to participate in the growth of social enterprises and enhancing their impact. Moreover, SSE impact valuation will encourage development of more innovative financial products. SME exchanges operated by BSE and NSE can also provide valuable learning in effectively designing SSE. Mr. Krishna and Mr. Kalra suggest, 'For a social stock exchange to meet its intended objectives, we need to take measures such as: educating market participants about the valuation metrics weighing both on social and financial returns; amplifying the efforts of creating and supporting social businesses; bringing policy and regulatory reforms to support investors, and facilitating research and development for small social enterprises.' Read on...

The Hindu: A social stock exchange will help in raising capital
Authors: Suresh K. Krishna, Geet Kalra


Mohammad Anas Wahaj | 08 oct 2019

Agriculture is one of the critical sectors of Indian economy as it employs about 50% of the working population and contributes 15-16% to GDP. Even though government policies are designed to make the sector benficial for those engaged in it, but the media is full of news describing the ailing condition of India's agriculture at the ground. Can entrepreneurs, full of ideas and working zeal, coupled with effectiveness and efficiencies of technology, become harbingers of change and transform the condition of not only the farms and their produce, but also the farmers and all other hard working people employed in the sector. Abhishek Agarwal, co-founder of TechnifyBiz, suggests that agri-tech entrepreneurs can tackle some of the problems of Indian agriculture and help grow the sector. He cites following issues - Depleted ground-water, low-quality seeds and ravaged soil quality due to over-use of chemicals; Lack of market linkage creates a considerable gap in the industry; Inadeguate transporation and storage; Scarcity of credit and high lending rates. He suggests that agri-startups can assist in standardization of agri-market practices through technology, aggregation and organized marketing. According to NASSCOM, sector had secured a funding of US$ 73 million in 2018. The agri-tech industry has been able to raise financing of over US$ 248 million till June 2019. Accenture says that digital agricultural services market is set to touch US$ 4.55 billion by 2020. Mr. Agarwal explains, 'Market linkage, farmer markets in the digital space, superior database management, digital agriculture and micro-financing are gaining in popularity, making the sector conducive to attract funding.' Agri-startups are encompassing both the production and after-harvest side of agriculture. He says, 'The various areas of improvement, like the reduction of input costs, better nutritional value in food crops, better quality seeds that drive crop production and improving soil quality. Using technology to predict weather patterns, irrigation cycles and soil quality are the focus of some startups. This enhances the quality of production...The use of smart technology and superior logistics infrastructure has created a new eco-system of agri-marketing. New-age startups are leveraging technology to tap the retail as well as B2B marketplaces through digital agronomy startups.' Read on...

India Today: Agri-tech: The emerging field for an Indian entrepreneur to grab more opportunities
Author: Abhishek Agarwal


Mohammad Anas Wahaj | 22 sep 2019

Project-based work is resulting in the rise of flexi or contractual staff hiring in India, partcularly in the IT-ITeS (Information Technology and IT-enabled Services) industry. According to the Talent Radar 2019 report by Infosys, the top 5 technical skills in demand for digital projects are - analytics, user experience, automation, IT architecture and artificial intelligence. Indian Staffing Federation (ISF) says that IT-ITeS sector tops flexi-staff adoption with around 12 out of every 100 employees being contractual or flexi staff and, this workforces is expected to grow to 720000 by 2021 from 500000 in 2018. Pankaj Khanna, VP of talent acquisition at Mindtree, says, 'The first advantage of flexi hiring is that demand can be fulfilled faster...Secondly, for requirements that are short term, it makes business sense to leverage the subcontracting/flexi hiring models without increasing the headcount.' U. B. Pravin Rao, COO of Infosys, says, 'As enterprises progress in their digital journeys, the winners will be those who utilize multiple hiring sources and reskill workers in a culture of lifelong learning.' According to Broadband India Forum, the IoT and AI-based applications will create over 2.8 million jobs in rural India over the next 8-10 years generating Rs. 60000 crore every year. Rituparna Chakraborty, President of ISF and co-founder of Teamlease, says, 'With emerging technologies such as AI and big data, new skill requirements are in demand. Flexi staffing is a solution to find out the right skills, based on project requirement.' Sivaram S., engagement manager at Zinnov, says, 'The focus on flexi-staffing is to quickly deploy talent for new-age areas such as AI, Machine Learning, and IoT, and drive velocity/agility in transformative engagements. It can be viewed as a means to augment existing digital engineering workforce in an organization, as there are challenges associated with hiring for specific skillsets.' Siddharth Pai, IT consultant and venture capitalist, says, 'The reason for the proliferation of project-based work, as opposed to long-term contracts is the global slowdown that is leading companies to hire for one-off projects so that they can easily let people off when there is no requirement.' According to Nomura Research, subcontractors are typically 15-20% (more) expensive than employees and are a margin headwind going into FY20F. Apurva Prasad, Research Analyst (IT) at HDFC Securities, says, 'Increase in sub-contracting resulted from a combination of surge in demand and staffing challenges on account of tech supply crunch.' Read on...

Livemint: Increase in flexi-staff hiring may eat into IT industry's margins
Author: Ayushman Baruah


Mohammad Anas Wahaj | 07 sep 2019

Trust between patients and care givers is one of the critical factors in determining success of healthcare system. And trust develops over a period of time through positive experiences that are achieved by providing quality care at the right time, effectively and efficiently at the right price. But, it seems, India's healthcare is lacking behind in satisfactory healthcare delivery. According to the recent report by Ernst & Young (EY) and Federation of Indian Chambers of Commerce and Industry (FICCI), 'Re-engineering Indian Healthcare 2.0', based on an online survey of 1000 patients across six geographical zones in India, 'There is a growing mistrust among patients against healthcare providers and the Indian healthcare system needs to tailor its current model for inclusion and mass healthcare to deliver true care with a focus on primary care, wellness and health outcomes.' The report finds that - 61% patients believe that hospitals did not act in their best interests; 63% of patients indicated that they were not happy with hospital responsiveness and waiting times; 59% patients felt the hospitals were not concerned about feedback and do not actively seek it. Kaivaan Movdawalla, Partner at EY India (Healthcare), says, 'For realising the aspired levels of efficiency, it is imperative for healthcare providers to shift from an incremental performance plus approach to a radical design to cost or direct-to-consumer approach for redesigning their operating models and cost structures.' Dr. Arvind Lal, Chair at FICCI Healthservices Committee and CMD of Dr Lal PathLabs, says, 'There is an urgent need to bridge the 'trust deficit' between the patient and the doctor; patient and the hospital; as well as government and the private healthcare provider for the Health of the Indian Healthcare.' EY recommends a '5E Framework' for building trust across all principal stakeholders, that is, policymakers, healthcare providers, payors and the public. This framework comprises integrating empathy, efficiency, empowerment, ease and environment to achieve the agenda of universal health access and the right to health. Read on...

Business Today: Most patients are dissatisfied with India's healthcare system, says EY-FICCI report
Author: P. B. Jayakumar


Mohammad Anas Wahaj | 05 sep 2019

Healthcare technologies enhance efficiencies, improve access and create informed patient-doctor relationships. Around the globe there is fast-paced adoption of these technologies. India too is undergoing health-tech transformation. According to a 15-country Future Health Index (FHI) 2019 report by Royal Philips, about 76% of healthcare professionals in India are already using digital health records (DHRs) in their practice. Moreover, 80% of healthcare professionals have shared patient information with other professionals inside their health facility, which is equal to 15-country average. India also meets the 15-country average when it comes to the usage of artificial intelligence (AI) within healthcare at 46%. Report also finds that a majority of Indian healthcare professionals who use DHRs in their practice report that DHRs have a positive impact on quality of care (90%), healthcare professional satisfaction (89%), and patient outcomes (70%) when compared to the 15-country average of 69%, 64% and 59% respectively. Rohit Sathe, President of Philips Healthcare (Indian Subcontinent), says, 'The report confirms that digital health technology is a pivotal pillar in delivering value-based care across the healthcare continuum in India. Tools including telehealth and adaptive intelligence solutions can help lower the barriers between hospitals and patients, thereby improving access to care and enhancing overall patient satisfaction, particularity in tier II & III cities in India.' Read on...

Livemint: Digital Health Technology can revolutionise healthcare in India: Report
Author: Nandita Mathur


Mohammad Anas Wahaj | 18 aug 2019

Startups are enabling tech-based transformation of India's retail sector through Android-based smart PoS (Point of Sale) devices. The promise of these devices goes beyond payments and makes supply chain more efficient with data analytics and potential credit scoring. Vicky Bindra, CEO of Pine Labs, says, 'Retailers and merchants from diverse sectors such as electronics, food and beverage, fashion, pharmacy, telecom, and airlines are adopting the new smart PoS machines to improve their efficiencies and enhance consumer's shopping experience.' Praveen Hari of industry association iSPIRT says, 'Today a smart PoS device is not just accepting cards, but they can also provide UPI (unified payments interface) pull transactions, QR codes (displayed on screens), NFC (near-field communication) transactions, wallet transactions, or basically, any payment mode that is available in India.' Ashish Jhina, co-founder of Jumbotail, says, 'Today smart PoS machines can do four key business functions: payment, billing, inventory management, wholesale procurement.' Smart PoS data is also valuable for credit scoring. Mr. Hari explains, 'The GST data itself is good enough for a lender to make a lending decision and the shopkeeper or his FMCG distributor now has an incentive to report all the transactions. The transaction data itself can help a lender make a lending decision.' Manish Patel, CEO of Mswipe, says, 'We have engineered a credit model where when our merchants can borrow money (to make wholesale purchases) from any of our NBFC partners, based on data we provide...In terms of recollection, the merchant can opt to pay back in daily and monthly instalments.' Read on...

Livemint: Wireless, smart PoS devices revamping India's retail landscape
Author: Salman S. H.


Mohammad Anas Wahaj | 05 aug 2019

People with the twin passion of design and development of new products can transform into design entrepreneurs. They are able to control both the design and business processes. Vijayant Bansal, founder of World University of Design (India), explains what it takes to be a design entrepreneur and explores the shifting landscape of design entrepreneurship in India. He says, 'We are in the midst of a design revolution and increasingly design is gaining a lot of focus...But it's not easy starting from ground zero and working yourself towards achieving credibility, recognition and last but not the least, generating demand. This involves having to create a balance between what we want to create with what the customer wants; what is possible technically and how much of a resource pull will it involve.' Contemporary design entrepreneurship includes new product development, restoring crafts, innovating existing products and providing design services based on new & emerging technologies. Explaining the design revolution, he says, 'Designing is undergoing a metamorphosis, aided by new technologies and digital transformation of today. New and disruptive technologies like Artificial intelligence, IoT, Machine learning etc., are the biggest enablers, disrupting traditional processes and systems, enabling out of the box thinking and new ideas, which in turn reshape the entire user experience.' Universities can play an important role in guiding and mentoring students to pursue design entrepreneurship. Industry experts can also play a role in this and enable students to participate in hands-on training. Virtual products have also expanded the scope of design entrepreneurship with designers engaged in designing and developing games and apps. Design entrepreneurship is the new career paradigm. Mr. Bansal suggests, 'Today the scenario has undergone a sea change, with almost every industry, be it apparel, automobiles, film making, animation, product design or gaming, with design playing an intrinsic role in the entire process from an idea to the end product. It's worth the challenge if financial security and stability are not foremost on your mind and you have the patience and inclination to see through the entire process of making the design-centric idea into a successful venture.' Read on...

Entrepreneur: The Rise of the Contemporary Indian Design Entrepreneur
Author: Vijayant Bansal


Mohammad Anas Wahaj | 22 jul 2019

Even though India has achieved success consistently in agriculture sector through policy and reforms, but there is still a lot to be desired. Farmer suicides and droughts become headline news from time to time. Ken Ash, Director of Trade & Agriculture at OECD (Organisation for Economic Co-operation and Development), and Silvia Sorescu, Policy Analyst at OECD, provides an overview of India's state of agriculture and what needs to be done to tap opportunities. According to them, many smallholders have not been able to exploit the opportunities opening up to them; they remain hampered by low productivity, an under-developed food processing and retail sector, and water and environmental degradation. They explain that India faces 'triple challenge' in the agricultural sector similar to other countries - delivering safe and nutritious food to a growing population at affordable prices; providing a livelihood for farmers and others in the food chain; and overcoming severe resource and climate pressures. According to the OECD and the Indian Council for Research on International Economic Relations (ICRIER) report in the Agricultural Policies in India 2018 study and the 2019 OECD Agricultural Policy Monitoring and Evaluation, India's domestic and trade policies (like restrictions due to agri-marketing regulations, export restrictions, huge farm subsidies for farm inputs etc) have combined to reduce Indian farm revenue by an estimated 5.7% in the past three years. Moreover, funding for public services - such as physical infrastructure, inspection, research & development, and education and skills - that are essential to enable the long-term productivity and sustainability of the sector has not kept pace. India can draw lessons from Ashok Gulati's analysis of farm policy developments in China, and also from EU's (European Union) agricultural policy reform experiences. Persistence is critical for the success in the sector. Electronic National Agricultural Market (eNAM), the 2017 marketing model act, and the recently implemented direct cash transfers scheme to small-scale farmers, are steps in the right direction. Authors suggest, 'Scarce financial resources should be directed towards investment in public services that enable a productive, sustainable, and resilient food and agriculture sector. Doing so would require strengthening the institutional framework; eliminating duplication and fragmentation is a pre-requisite to ensuring coherent policy packages are developed and consistently implemented. Achieving the Sustainable Development Goals and addressing the 'triple challenge' will require new policy directions in India, as elsewhere.' Read on...

Financial Express: Opportunity knocks for Indian agriculture
Authors: Ken Ash, Silvia Sorescu


Mohammad Anas Wahaj | 22 may 2019

India's CSR legislation is a step in the right direction and is globally praised. Recently, 47 participants from 33 global multinational companies that are associated with WBCSD (World Business Council for Sustainable Development) visited India to learn about sustainable businesses. WBCSD Leadership Program is a year-long series of engagements and learning exercises in partnership with Yale University. Rodney Irwin, Managing Director of WBCSD's Redefining Value and Education program, says, 'The legislation asking large companies to spend 2% of their profit on corporate social responsibility (CSR) is appreciable, but large companies should not stop there. These large firms should look at making their businesses sustainable by integrating the concept of environmental, social and governance advantages into the core business.' He advocated the need for integrating sustainable approach to doing businesses along with maintaining profitability. He adds, 'In long-run, profitability can be greater if you embrace opportunities that accompany sustainable approach.' Since a number of large Indian companies are family-owned, he says, 'The companies that have family connections tend to not just make the businesses successful but they want to make sure that the business can be passed on to the next generation. They have a long-term vision.' Read on...

IndiaCSR: Large companies should look beyond CSR mandate at sustainable ways: Rodney Irwin
Author: NA


Mohammad Anas Wahaj | 09 apr 2019

According to the recent report 'India Digital Ad-fraud Market 2018' by techARC, the total size of digital ad-fraud in India stood at staggering US$ 1.63 Billion, which is 8.7% of the global size. The report projects 23% increase in digital ad-fraud in 2019. Digital Commerce contributed more than half 51% of the total ad-fraud in India. While, Leisure & Travel (26%), Entertainment & Gaming (13%), Banking & Finance (8%), Healthcare & Pharma (1%) and Others (1%). Although, App Fraud contributes to over 85% of the total digital ad-fraud, the organizations should not ignore the web platforms. Web platforms are more susceptible to frauds as in several organizations the digital teams are primarily focusing on the app, leaving the web space vulnerable. As video is increasingly becoming the preferred medium of content, it is also attracting fraudsters to exploit this advertising channel. The report finds that businesses who have an ad-fraud solution in place are better equipped to have higher levels of customer engagements. Faisal Kawoosa, Founder & Chief Analyst at techARC, says, 'Digital ad-fraud is getting increased attention from the C-level leadership of evolved organisations, where it is no longer an agenda of a CDO or CMO. The impact of digital ad-fraud now goes beyond diminishing the returns on marketing spends and can jeopardize the entire digital transformation journey hampering Brand Equity, Relevance and Positioning among other ramifications.' Read on...

techARC: At $1.63 Billion, India's share in global digital ad-fraud stood at 8.7% in 2018
Author: NA


Mohammad Anas Wahaj | 07 apr 2019

Biotechnology is expected to be the next big thing for the Indian economy, just like the IT industry has been, explains Amit Kapoor, President & CEO of India Council on Competitiveness and Honorary Chairman at Institute for Competitiveness. According to him, '...biotechnology industry seemed poised to take over the mantle. In the span of a decade beginning in 2007, the industry has grown exponentially in size from about US$ 2 billion to over US$ 11 billion in terms of revenue. By 2025, it is targeted to touch US$ 100 billion.' In the past, both Green Revolution (agricultural transformation) and White Revolution (dairy sector transformation) became successful because of the contributions from biotechnology. At present India's rising competitiveness in pharmaceuticals is also the result of biotechnological advancements and research. Moreover, energy needs of rural areas are also met by biomass fuel, produced through application of biotechnology. Mr. Kapoor explains evolution of biotechnology in India, 'As early as 1986, Rajiv Gandhi, recognising the potential of biotechnology in the country's development, set up the Department of Biotechnology...Department of Biotechnology has set up 17 Centres of Excellence at higher education institutions across the country and has supported the establishment of eight biotechnology parks across different cities...Biotechnology Industry Research Assistance Council (BIRAC) in 2012, which has successfully supported 316 start-ups in its six years of existence...As of 2016, India had over a thousand biotechnology start-ups.' According to Mr. Kapoor, the sector faces many challenges and they need to be addressed effectively and promptly - (1) India's research and development expenditure is quite low at 0.67% of GDP, not only compared to mature biotechnology economies such as Japan and the US (around 3%) but also in comparison to emerging economies like China (around 2%). (2) Specific to the biotech pharmaceutical sector, there are a few India-specific challenges with the country's IP regime. There are two main areas of contention for the industry in India's approach to intellectual property. The first issue lies in Section 3(d) of the Patents (Amendment) Act, 2005, which sets a higher standard for patentability than mandated by TRIPS. The industry argues that India's stricter standards for patents discourages innovation and dampens foreign investment. The second issue is that of compulsory licensing, which gives the government power to suspend a patent in times of health emergencies. Although India has used this option only once, the industry feels that such regulations keep investors clear of Indian markets. (3) Another challenge lies in the risk involved in the Valley of Death, that is, the risk of failure in the transition of innovative products and services from discovery to marketisation. Most of the early research funding, often provided by universities or the government, runs out before the marketisation phase, the funding for which is mostly provided by venture capitalists. It becomes difficult to attract further capital between these two stages because a developing technology may seem promising, but it is often too early to validate its commercial potential. This gap has a huge impact in commercialisation of innovative ideas. Read on...

The Economic Times: Why biotechnology can be Indian economy's next success story
Author: Amit Kapoor


Mohammad Anas Wahaj | 06 apr 2019

India is a diverse economy with a large population size. The availability of correct data is a challenge. But there are reliable and free sources that contain datasets and data visualisations of the Indian economic scenario that can be utilized by data scientists - (1) NITI Aayog (Salary Expenditure): It is part of data.gov.in website. An expense or expenditure made to the employees for their work in terms of salary is known as Salary expenditure. It is an outflow of money from the Government for different services. The Data contains Actual, Pre-actual and Budgeted Expenditure for Salary expenditure, total expenditure, Revenue Expenditure, Salary expenditure as percentage of revenue expenditure (net of IP & Pension) and Salary expenditure as percentage of total expenditure of states & union territories. (2) Open Budgets India (openbudgetsindia.org): The portal provides budget information of different tiers of government in India (Union Budget, State Budgets, and Budgets of several Municipal Corporations across the country) in accessible and open (non-proprietary) formats. The four major features of the portal, as of now (in the beta version), are - Budget documents (i.e. the original PDF documents); Machine Readable Datasets (for those budget documents, where it was technically feasible to prepare machine readable datasets); Visualizations (or infographics) generated from the machine readable datasets; and Budget basics (for greater familiarity with budget concepts, processes and documents). The portal includes twelve broad sectors that represent Union and State Budget expenditure on both Economic Services and Social Services. It has 10.6k datasets from 509 budget sources. (3) Ministry Of Statistics (Indian Income Tax): It is part of data.gov.in website. The data refers to details on receipts under income tax from 2000-01 to 2011-12 in head of account such as Minor Head-Other Receipts, Minor Head-Surcharge, Penalties, Interest Recoveries, Primary Education Cess, Secondary and Higher Education Cess. (4) NITI Aayog (Manufacturing GDP): It is part of data.gov.in website. The data refers to information on contribution to manufacturing GDP in the 11th Five-Year Plan and employment in 2009-10 in different segments of the manufacturing sector. It projects employment in 2016-17 and 2024-25 in different segments of manufacturing in two different scenarios. (5) Ministry Of Finance (Statistical Appendix): It is part of the Economic Survey. Website is mofapp.nic.in:8080/economicsurvey. Includes Economic Survey 2017-18 and previous ones. The Statistical Appendix has following sections along with their sub-sections - National Income and Production; Budgetary Transactions; Employment; Monetary Trends; Prices; Balance of Payments; Foreign Trade; External Assistance; Human Development Indicators. Data files can be downloaded in Excel and PDF formats. (6) Ministry of Finance - Department Of Economic Affairs (Trade Balance Of India): It is part of data.gov.in website. The trade balance is the difference between the monetary value of exports and imports of output in an economy. It is one of the most important macroeconomic parameter. Data contains Exports, Imports and Trade Balance of India (in Rs Crore and US$ Million) from 1949-50. It also contains the percentage rate of change of exports as well as imports with respect to the previous year. The data has been provided by Department of Economic Affairs. (7) The World Bank (data.worldbank.org/country/india): Includes time series data on variety of topics like GDP, Population, School Enrolment, CO2 Emissions etc. DataBank is an analysis and visualization tool. (8) IMF DATA (data.imf.org): It provides access to macroeconomic and financial data. Asia and Pacific Regional Economic Outlook (APDREO) provides information on recent economic developments and prospects for countries in Asia and Pacific. India is included in this region. Read on...

Analytics India Magazine: 8 Free Resources On Indian Economy You Can Use For Your Data Science Projects
Author: Ram Sagar


Mohammad Anas Wahaj | 18 mar 2019

According to the recent NASSCOM CEO survey of 100 participants from IT and ITES sector, majority agreed that 2019 will have large digital deals and to gain part of this they consider making investments into products and platforms and intend to co-innovate with start-ups to build digital capabilities as a priority. In 2018, 40 global capability centers were opened in India and the number of digitally skilled workers has increased to 6 lakh. Industry leaders discussed the emergence of India as a preferred hub of new age innovation in the digital era at NASSCOM's Technology and Leadership Forum. Whether it is creation, storage or analytics, data is the big thing along with artifical intelligence or machine learning. Nivruti Rai, Country Head of Intel India, says, 'The two most important technologies which are critical from Intel's perspective are artificial technology and 5G transmission technology.' Sashikumar Sreedharan, Managing Director of Microsoft India, says, 'The fundamentals of technology, like services innovation and supportability in an automatic and self sustainable manner over the full lifecycle are some of the areas where innovation is happening at Microsoft.' Chetan Garga, Managing Director and Country Head of All State Insurance India, says, 'Business is driving innovation but also technology is driving businesses to do things differently, it's a two-way flow.' Innovation is critical and most business leaders agree that meeting the expectations of customers in the real world and understanding their needs is where the convergence lies. India with 1 billion population, large data size along with its complexity can become a test lab for the world. Pankaj Phatarphod, Managing Director & Country Head of Services at Royal Bank of Scotland (RBS), says, 'If it works in India It can work anywhere...I wish we had more applied research and smarter talent.' Read on...

Business Today: India emerges as a preferred hub of new-age innovation
Author: Rukmini Rao


Mohammad Anas Wahaj | 28 feb 2019

Companies Act of 2014 made India the first country that made CSR (Corporate Social Responsibility) mandatory for a section of corporates. The companies were expected to integrate social development programs into their business models and culture. KPMG's 2018-19 report that analyzed the CSR work of 100 companies found that corporates increased their prescribed amount for CSR expenditure from Rs 5779.7 crore in 2014-15 to Rs 7096.9 crore in 2017-18. Moreover, they were actually spending more than what was prescribed (Rs 4708 crore in 2014-15; Rs 7424 crore in 2017-18. But India's most backward districts remain deprived these CSR funds. According to the Ministry of Rural Development, 115 of the 718 districts in India are backward. NITI Aayog suggests that corporates can contribute to the development of these districts. Jharkhand (19 districts, 1% CSR funds received); Bihar (13, 2%); Chhattisgarh (10, 1%); Madhya Pradesh (8, 3%); Odisha (8, 11%). While Maharashtra, Rajasthan, Gujarat, Karnataka and Andhra Pradesh, which account for only 15% of such districts, have received 60% of the CSR money. The most backward districts got only 13% of this year's funds and not more than 25% of the total projects. Companies have found convenient ways to direct their CSR funds and shrug off their social responsibility. In July 2018, 272 companies were served notices by the Registrar of Companies for non-compliance with CSR expenditure. Between July 2016 and March 2017, about 1018 companies were issued notices for non-compliance. KPMG has identified three principal areas of non-compliance - disclosure of direct and overhead expenditure on projects, details of overhead expenses, and keeping these overhead expenses below 5% of total CSR spends. Sujit Kumar Singh, senior program manager at Centre for Science and Environment (CSE), says, 'There is no data to know if companies are undertaking need-based assessment studies, a must since it prioritises the requirements of the impacted communities.' Mr. Singh adds, '...Often, professionals handling CSR are not trained to comprehend societal nuances. In most cases those heading the human resource department handle CSR activities. The need now is a policy which drive companies towards self-regulation, the key to CSR.' According to the reporting guidelines that CSE has prepared, 'Companies should self-regulate and be responsive to the disadvantaged, vulnerable and marginalised sections of society. They should respect and promote human rights, make efforts to protect and restore the environment, and support inclusive growth and equitable development. The guidelines show how to improve accountability and transparency in CSR spending, and make it an integral part of business.' Read on...

DownToEarth: Indian firms' CSR spending needs more accountability and transparency
Author: Vikrant Wankhede


Mohammad Anas Wahaj | 08 feb 2019

India's 'Development Agenda' as outlined by current government includes development of 100 smart cities, 40 million dwelling units, 20 million affordable homes, better infrastructure facilities through the AMRUT scheme, focus on urban development and transformation, slum rehabilitation, and 'Housing for All' by 2022. It is estimated that to fulfil this agenda there is requirement of 75 million skilled people in real estate and infrastructure. Moreover, according to reports there is need of 4 million core professionals (architects, engineers, planners). Shubika Bilkha, Business Head at The Real Estate Management Institute (REMI), explains the key aspects that architectural graduates and planners should keep in while building their skill set in evolving environment - (1) Be Multifaceted: Take advantage of a number of roles- from design architecture, structural or liaisoning architects, to urban planning, property development, sustainable development, teaching or getting involved with disaster relief/re-building communities. Require skills such as engineering, design, supervisory skills, managing people/teams/vendors/client expectations, an understanding of key building/designing/construction/smart technology, strong communication and persuasion skills to communicate their vision. Have much larger role and bigger scope getting involved from pre-design services, to cost analysis and land-use studies, feasibility reports, environment studies to developing the final construction plans etc. (2) Be Business Minded: Understand key real estate and planning concepts and calculations, municipal and local development regulations, legal limitations, the social and urban infrastructure, fundraising/financing and the evolving policy framework. (3) Be Responsible: Consider social and environmental impact of the recommendations. Understand sustainability and implement it effectively. Read on...

India Today: Architecture career trend in India: 3 things to keep in mind to be a skilled architect
Author: Shubika Bilkha


Mohammad Anas Wahaj | 31 dec 2018

In India there are central government run healthcare institutions, public state run institutions and private medical colleges that provide modern healthcare education mainly the four year degree MBBS and after that post-graduate degrees of MS and MD. India also have a number of institutions that provide degrees in other healthcare systems like Ayurveda (BAMS), Unani-Greek (BUMS), Homoeopathy (BHMS), Naturopathy etc. Moreover, there are vocational training institutes that provide skills and courses to develop other medical staff like nurses, health assistants etc. There are also corporate run and other private medical colleges and universities and training institutes. India's healthcare facilities are generally concentrated in urban areas while rural areas are generally served by public hospitals and centers. Private clinics are also present in both rural and urban areas. They are generally run by a single doctor or doctor couple and provide basic healthcare. Diagnostic centers are spread all over due to technological advancements and compact and affordable equipments. Healthcare has major disparities between urban and rural areas when it comes to healthcare access. Healthcare has become one of India's largest sectors - both in terms of revenue and employment. The industry comprises public and private hospitals, pharmaceutical companies, pathology and diagnostics, medical devices industry, clinical trials, outsourcing, telemedicine, medical tourism, health insurance and medical equipment. The public sector constitutes primary health centers, central research centers and hospitals, state-run research institutes and hospitals etc. The private sector provides majority of secondary, tertiary and quaternary care institutions with a major concentration in metros, tier-I and tier-II cities. According to National Family Health Survey-3, the private medical sector remains the primary source of health care for 70% of households in urban areas and 63% of households in rural areas. Rise of technology is creating new business models in the healthcare industry. Healthcare through smart phones and fitness trackers is new trend. Information technology is automating and streamlining various healthcare processes. Big data is creating new ways of improving healthcare delivery. Startups in India are promising to provide best healthcare at affordable cost more effectively. Latest healthcare equipment is not only imported but also manufactured in India. Digital technologies are enhancing every aspect of healthcare. Technology solutions are able to modernise current medical practices, reduce costs, eliminate any duplication of tests as well as streamline processes and update medical records in real time. Modern technology has great potential to increase access of healthcare services in rural communities, especially the ones where there is serious shortage of doctors. India has demonstrated since long a commitment to offer comprehensive healthcare to all citizens. This has been reaffirmed in the 12th Five-year Plan, National Health Assurance Mission, and more recently through Ayushman Bharat Program. However, the challenges remain and this goal has not been achieved as of yet. There are two critical components of successful healthcare systems. One is the financial aspects whereby citizens are protected against any eventuality and don't get into penury due to health spending. Second is the provision and delivery of healthcare services. It is imperative to ensure that healthcare infrastructure is sufficiently equipped to provide effective healthcare when needed by its citizens. Technology, public-private partnerships, access and affordability are the critical component in the future of India's healthcare. Better healthcare with policy, financial and physical framework will bring long-term benefits to the nation. Develop effective mechanisms to improve general health, and disease prevention strategies through campaigns, advocacy etc. To make India's citizens more aware about their health, inculcate better sanitization and cleanliness habits will help to improve overall health of India. Prevention before cure becomes the key for the country with the size and demographic profile like India. Health aware citizens, trained, sensitive and caring medical staff, cutting edge technologies and modern infrastructure, are the golden elements for a healthy future of India. Read on...

ilmeps/read: Healthcare in India: An Overview (Part 2)
Author: Mohammad Anas Wahaj


Mohammad Anas Wahaj | 17 dec 2018

India is adopting emerging technologies and its future progress will be defined by their effective utilization. A recent study by Cisco and IDC suggests that globally the net job addition in new technologies will be more than 5.9 million by 2027 out of which 1.4 million will be in India. India is building its capacities in Artificial Intelligence (AI) and Internet of Things (IoT). Government has special focus on AI, as between mid 2017 and early 2018, the government constituted two AI Task Forces, first under the Ministry of Commerce and the second under the Ministry of Defence. The Ministry of Information Technology has also set up four committees to encourage research in the field. Niti Aayog has also published the National Strategy for Artificial Intelligence. Similarly, efforts have been underway by goverment to promote the development and adoption of IoT since 2016 with the release of a draft policy on IOT by MeitY. Private sector too has made massive investments in IoT. Another technology that India has to focus on is Data Science as it has enormous potential in promoting development and humanitarian efforts. Data Science has the capability to provide effective solutions to problems faced by the developing world. It can significantly make an impact in decision and policy making. India has to understand the advantages of using Data Science to complement policy efforts and exploit its potential accordingly. Read on...

The Economic Times: India cannot afford to ignore Data Science
Author: Deepakshi Rawat


Mohammad Anas Wahaj | 27 nov 2018

Corporations are encouraging their employees to volunteer as part of their corporate social responsibility efforts. Experts recently conducted a workshop to discuss different stages of volunteering, scaling up the volunteer programs and how companies can use volunteering for better employee engagement, learning and alignment. Aditya Nagpal, Director and BU Head at Goodera, said, 'Our goal is to use technology and data to simplify volunteering, so more people are able to do good at scale. We feel that employee volunteering lies at the perfect intersection of people, planet and profit.' According to him companies go through five stages of volunteering - (1) Informal volunteering (2) Support and encouragement by launching initiatives (3) Planning initiatives strategically (4) Volunteering becomes essential component (5) Volunteering programs attain brand status. Svetlana Pinto, Country Head Communications & CSR at Novartis India, said, 'There are many advantages of volunteering that we have seen in our journey so far. Interestingly, we have found a lot of enthusiasm in the younger lot that is joining the workforce. Other things being equal, they would look more favourably towards an organization with a soul that helps them give back to the community. Volunteering has also helped in building a greater team spirit.' Ester Martinez, CEO & Editor-in-Chief of People Matters Media, conducted a session on 'Designing volunteering experiences for your workforce: Is your organization volunteering ready?' He addressed four challenges - getting started; sustainability of employees; architecting a good experience; policymaking. To overcome them it is important to have clear communication of values, better engagement of employees and a good reward and recognition program. Read on...

People Matters: Designing volunteering experiences for your workforce
Author: Sharon Lobo


Mohammad Anas Wahaj | 24 nov 2018

There are many sides to India's agriculture story. But, what we often hear is the sad one of farmer poverty and suicides. Although many challenges remain including that of humanitarian crises of farmer suicides, but Indian agriculture is going through many positive transformations. According to recent data, tractors sales ended the last fiscal year with a growth of 22% due to good monsoon and strong rural demand. Improvements in road connectivity has boosted tractor sales even in the remote parts of Jharkhand, Telangana, Haryana and other states. The Bloomberg Indian rural economy indices provide a steady upward movement in rural output growth. Two-wheeler sales, a positive indicator of rural growth, have also picked up in recent months. Moreover, there are other visible innovative aspects of Indian agriculture that are good news. India is one of the biggest agrarian economies and even though it lacks in productivity but with 30% of world's organic farmers it is the largest organic farming country. People like Subhash Palekar, who preaches 'zero budget spiritual farming', or farming using only natural and low-cost fertilisers and techniques, are bringing the much needed change. His work has had an impact on 400000 farmers in Maharashtra and adjoining states. Top Indian restaurants and chefs now promote black rice and brown rice grown in India. Customers are also willing to pay a premium for organic produce, thus encouraging cropping up of startups and entrepreneurial ventures in organic farming space. Sikkim has recetly won a prestigious United Nations award for its status as an organic food-only destination. There are also innovations happening in dairy sector with startups putting the certain regions into limelight. India remains as one of the top milk producing countries in the world. Indian agri-tech startups have grown to such an extent that they now have their own exlusive expo that promotes diverse innovations like new pumping techniques, soil testing and management systems, and raw food supply chain breakthroughs. Read on...

Fortune: How to join the dots of growth in Indian agriculture
Author: Hindol Sengupta


Mohammad Anas Wahaj | 13 oct 2018

Indian corporates that fulfil the conditions of Section 135 of the Companies Act 2013 relating to mandatory spending of 2% of last 3 years average profit on CSR are making a difference in vulnerable communities in India. According to the latest India CSR Outlook Report published by NGOBOX, Reliance Industries, HDFC Bank, Wipro, Tata Steel, NTPC, Indian Oil Corporation & ONGC spent more than their prescribed CSR budgets in FY 2017-18. The report analyzed CSR spends of 359 companies. The prescribed CSR budget of these 359 companies was Rs 9543.51 crore whereas the actual CSR spend was Rs 8875.93 crore (3/4th of total CSR spend in India). There is an increase in the prescribed CSR from 6% to 8% in the actual CSR spend from FY 16-17 and the number of projects have also increased by 25% from the previous year. REPORT HIGHLIGHTS: Maharashtra, Karnataka and Gujarat together received over 1/4th of India's total CSR fund. North-eastern states of Nagaland, Meghalaya, Mizoram and Tripura have received least funds; Public sector contribution is over 1/4th of the total; Oil, refinery and petrochemicals account for alsmost 1/4th of the total while healthcare and pharma contributes the least with just Rs 294 crore; CSR funding on education and skill increased by 50% from last year and is 1/3rd of the total CSR spend; Over 1/4th is spend on WASH (Water, Sanitation and Hygiene) and healthcare projects. Read on...

Business Today: Corporates spend 50% CSR funds in education, skill development: Report
Author: Sonal Khetarpal


Mohammad Anas Wahaj | 29 sep 2018

As retail in India grows and get more organized, diversity among retail leadership will become visible. Women in retail have a major role to play as women consumers are a big demographic and they have very specific needs and wants. Here are 5 women entrepreneurs who have taken the mantle of leadership in various areas of retail - (1) Farah Malik (Managing Director, Metro Shoes Ltd.): '...Retail had always excited me and I have never regretted the decision of joining the business. The fashion retail industry is extremely demanding and women still often have to make a choice between a family life and a career...' (2) Rashi Menda (CEO & Founder, Zapyle): 'The whole eco-system is very different from what it was 3 years back and I think that the biggest challenge that any woman entrepreneur would face in today's world lack of understanding of one's own abilities...For me, forming a winning team and hiring the right people was the biggest challenge...' (3) Shubhika Jain (Founder, RAS Luxury Oils): 'When I initially joined family business it was difficult for the existing staff to accept a young lady as their head. I had to prove myself to be worthy by way of executing tasks and handling situations in a mature and strategic manner...India has as many as 9% of women entrepreneurs...Yet there are a lot of problems that women have continued to face in this country.' (4) Jagrati Shringi (Co-Founder & CTO, Voylla): 'More women entrepreneurs need to look at the big picture and think about scaling up, sustaining and growing their businesses. Despite extremely talented individuals, there aren't enough women driving big brands...there is a need for more skilled women to look beyond the safety net of IT and other jobs to realise their career goals.' (5) Trishla Surana (Founder, Colour Me Mad): 'While women entrepreneurs form only 3% of the total universe of the entrepreneurs in India, it is welcoming that people are becoming more open to having women as bosses. Also, women today need to focus more on upgrading their skills, understanding interface of design and technology and get as much exposure as they can to achieve their dreams...' Read on...

Indian Retailer: How these 5 Women Entrepreneurs Are Making a Difference in Retail Industry?
Author: Tanya Krishna


Mohammad Anas Wahaj | 15 sep 2018

India's large size with huge population (1.25 billion), substantial part of which resides in rural and underdeveloped regions, brings both challenges and opportunities for implementing healthcare policies and initiatives, both public and private. Over the years ineffective implementation of such initiatives at various levels, has created lopsided infrastructure and uneven development in healthcare. Indian health system also lacks effective payment mechanism and has a high out-of-pocket expenditure (roughly 70%). Adverse health events (health shocks) have considerable impact on India's overall poverty figures, adding about seven percentage points. Health is associated with the overall wellness of the citizens. Good health reflects on the productivity and growth of the nation. More so in the case of India as substantial population is young. India has more than 50% (about 662 million) of its population below the age of 25 and more than 65% below the age of 35. By 2020, the average age of India's population is expected to be 29 years. Aging of this large population will happen at the same time. Having adequate infrastructure is key to avoid a massive health catastrophe for this elderly population in future. Health is also a key issue in the public policy sphere. In the public policy context healthcare issues are often related to accessibility, affordability, socio-economic disparities, healthcare delivery mechanisms, illness and diseases and their impact on society etc. India have a conceptual universal health care system run by the constituent states and union territories. The biggest challenge is to make it accessible and affordable for the overall population. Read on...

ilmeps/read: Healthcare in India: An Overview (Part 1)
Author: Mohammad Anas Wahaj


Mohammad Anas Wahaj | 28 jul 2018

India has to give special emphasis to agriculture to ensure food security for its large population. Recent report, 'Agricultural Policies in India' (Authors: Ashoka Gulati, Infosys chair professor for agriculture at ICRIER; Carmen Cahill, Deputy Director for trade and agriculture at OECD), jointly developed by Organisation for Economic Co-operation and Development (OECD) and Indian Council for Research on International Economic Relations (ICRIER), provides outcomes of the research conducted for over two years to map and measure the nature of agricultural policies in India and how they have impacted producers and consumers. The report includes key policy indicators like the producer support estimates (PSEs) and consumer support estimates (CSEs). According to the authors of the report, 'The methodology adopted is a standard one that OECD has applied to measure PSEs and CSEs for 51 countries over the last 30 years. In the case of PSEs, it basically captures the impact of various policies on two components: (a) the output prices that producers receive, benchmarked against global prices of comparable products; and (b) the various input subsidies that farmers receive through budgetary allocations by the Centre and states. The two are combined to see if farmers receive positive support (PSE), or negative, as a percentage of gross farm receipts. A positive PSE (%) means that policies have helped producers receive higher revenues than would have been the case otherwise, and a negative PSE (%) implies lower revenues for farmers (a sort of implicit tax) due to the set of policies adopted.' The report found India's PSE, on average, during 2014-15 to 2016-17 was -6% of farm receipts. Contrary to this most other countries have positive PSEs. Overall, PSE (%) was negative to the tune of 14%, on average, over the entire period from 2000-01 to 2016-17, indicating that, despite positive input subsidies, farmers in India received 14% less revenue due to restrictive trade and marketing policies. To incentivise farmers to raise productivity, build an efficient and sustainable agriculture that augments farmers' incomes and foster rural growth and jobs all along the value chain, authors suggest - (1) Change policies to 'get the markets right' by reforming domestic marketing regulations (ECA and APMC), promoting a competitive national market and upgrading marketing infrastructure. Also review restrictive export policies for agri-products. (2) The report recongnizes concerns of the policymakers to protect consumers from price rise. But, it argues for switching to an income policy approach through a direct benefit transfer (DBT) targeted to the vulnerable sections of the population. (3) Indian agriculture and farmers would be much better off if input subsidies are contained and gradually reduced, and the equivalent savings are channelled simultaneously towards higher investments in agri-R&D, extension, building rural infrastructure for better markets and agri-value chains, as also on better water management to deal with climate change. (4) A greater degree of coordination is required between the Centre and the States, and also across various ministries, for a more holistic approach towards reforming agriculture. Read on...

Financial Express: From plate to plough: India must get its agri-markets right
Authors: Ashoka Gulati, Carmel Cahill


Mohammad Anas Wahaj | 22 jun 2018

According to Korn Ferry's 'The Salary Surge' report, India would be the only economy that will not face an upward revision of wages by 2030, as it has a talent surplus, bucking the global trend of a talent crunch. For organizations around the world lack of highly skilled talent supply will drive up salaries for the most in-demand workers and is expected to add more than US$ 2.5 trillion in annual labour costs by 2030. The Global Talent Crunch analysed global demand for labour at three key milestones, 2020, 2025 and 2030, in 20 markets, including in India, across three sectors, financial and business services, technology, media and telecommunications (TMT) and manufacturing. Wage premiums by 2030 - US (US$ 531 billion); Germany (US$ 176 billion); Japan (US$ 468 billion); China (US$ 342 billion) Asia Pacific (US$ 1 trillion); Singapore and Hong Kong (10% of 2017 GDP). Wage premium per worker per year by 2030 - Asia Pacific (Average US$ 14710); Hong Kong (US$ 40539); Singapore (US$ 29065); Australia (US$ 28625). Dhritiman Chakrabarti, Head of rewards and benefits for the APAC region at Korn Ferry, says, 'The new era of work is one of scarcity in abundance, there are plenty of people, but not enough with the skills their organisations will need to survive. While overall wage increases are just keeping pace with inflation, salaries for in-demand workers will skyrocket if companies choose to compete for the best and brightest on salary alone.' Manufacturing, one of the sector that is a critical driver of growth for emerging economies, may be stalled by the huge impact of the salary surge. Read on...

The Economic Times: India to be lone economy facing suppressed wages by 2030: Study
Author: NA


Mohammad Anas Wahaj | 31 may 2018

According to British Council's 2016 report, 'The State of Social Enterprise in Bangladesh, Ghana, India and Pakistan', there are more than two million social enterprises in India with 24% of them led by women. India is one of the fastest growing economy and it needs more social entrepreneurs to tackle socio-economic problems. Women have to enhance their participation. But, existing stereotypes alongwith lack of investor confidence are major hurdles in the way. According to the World Bank, labour force participation rate for women in India has fallen from 37% in 2004-05 to 27.2% in 2017, which is quite low in comparison to developed nations. Increasing participation of women in workforce is vital for balanced growth of the country. Archana Raj, Team Leader at Save The Children, says 'Despite these low indicators, it is worth mentioning that there are new generation women who have broken the barriers of societal norms and regressive mindsets to pave way to the new world of entrepreneurship. Over the past few years, it has been observed that more women are choosing this as a career over other options, making a mark in the start-up ecosystem. Nonetheless, the aim must be to reach higher, which can help the rest of the women of our country to rise beyond the barriers and choose for themselves.' Jamie Cid, a social entrepreneur and founder of MobiHires, says, 'I think that there is a great opportunity for women social entrepreneurs in India, especially mothers returning to the workplace, who develop products and services based on their experience and solve problems in their community. With platforms like Sheroes, Reboot, SheThePeople and Lean In India initiatives that support and invest in women social entrepreneurs, this is the right time to be one.' In one of the blog posts of World Bank, Monique Villa, CEO of Thomson Reuters Foundation and founder of TrustLaw and Trust Women, gives the example of Ajaita Shah who works in rural regions of India. Shah's organisation, Frontier Markets, sells and distributes products to rural households. The organisation calls itself a 'for-profit business with a social mission'. According to the Thomson Reuters Foundation, India ranks 35th among countries that are the best for women social entrepreneurs, with the US, Canada and the UK occupying the top three positions. Manju Yagnik, vice chairperson of Nahar Group and member of Indian Merchant Chamber, says, 'I personally do not believe in male-female classifications. I do not think capabilities and talent can be differentiated as per gender. Today's women do not seek sympathy. They want equal opportunities when it comes to decision-making in financial capabilities, which is still male-dominant. Thankfully, with the modern society promoting and striving for gender equality, the position of women is improving year after year. Women entrepreneurs in India are bringing revolution and growth in the public and private sectors. With the help of government initiatives, they will grow further.' Manisha Gupta, founder and director of Start Up!, says, 'Regardless of whether a woman is a social or business entrepreneur, she has to negotiate through an ecosystem that has been structured for men to succeed. Not only do we need more women social entrepreneurs but also an ecosystem where there are more women leaders at every level. We need them as coaches, investors, in finance, as leading incubators, etc to break the template.' Citing challenges women face, Ms. Raj comments, 'Pressures of social norms and societal biases force women to give up the job while tough competitive market further make their work challenging.' Ms. Yagnik feels the need for more women entrepreneurs in India. She says, 'Social entrepreneurship might be a great opportunity for Indian women professionals to break through the glass ceiling that typically exists in traditional corporate life.' Ms. Cid suggests social entrepreneurs to stay positive and focus on the bigger purpose and stay passionate about their goal. Explaining capabilities of women entrepreneurs, Ms. Gupta says, 'I always say that women social entrepreneurs use the 3Rs - resilience, relationship and resistance – to build and grow their ventures. They are masters of resilience, I have seen many women without any resources, standing on their own and building a business in rural regions. They also demonstrate strong capabilities of building connections and meaningful relationships with stakeholders which takes them far.' Read on...

SME Futures: Nascent social entrepreneurship sector in India is beginning to look at women leaders for growth
Author: Anushruti Singh


Mohammad Anas Wahaj | 24 may 2018

Design as a separate field is getting more recognition in India. Policy initiatives like 'Design in India' and 'Make in India' will give design further impetus and assist in creating a thriving design ecosystem. India now have 30 to 35 design schools, most of them came up in the last few years. Prof. Anirudha Joshi of Industrial Design Centre at IIT-Bombay explores the condition of design education in India and suggests ways to make it better and more in tune with industry. He lists prevalent gaps between academia and industry - what is taught in design schools and what a professional designer need to do - (1) Uninentional gaps: Things that left out in design curriculums. Course duration is shorter than what is needed to become a good designer. (2) Lack of industry/hands-on environment: Certain things are best taught in industry setup and academic setup doesn't suit them. (3) Intentional gaps: Design school is not supposed to prepare students only for industry. Focus is on developing thought leaders having theoretical concepts and not just skills and training. (4) Limited availability of design teachers. (5) Lack of strong tradition in design research. (6) Lack of design education infrastructure. There is demand/supply gap in terms of skilled human resources. As the industry is growing, at least five million designers are required as compared to the current approximately 20000 designers. Many sectors like manufacturing, small scale industries, small printing and publishing houses etc, although have need for designers but can't afford one in the present scenario. Moreover, the focus of current designs is more global and there are few instances of designs that are specific to the Indian market. More emphasis should be given to designers that specifically focus on India. Read on...

PrintWeek: Design education in India
Author: Anirudha Joshi


Mohammad Anas Wahaj | 22 may 2018

Artificial Intelligence's (AI) potential for healthcare transformation is becoming visible. AI health market is expected to increase exponentially from US$ 600 million in 2014 to US$ 6.6 billion by 2021. Rana Kapoor, MD & CEO of YES Bank and Chairman of YES Global Institute, explains how AI can redefine and revolutionize healthcare and transform existing healthcare sytems into 'smart wellness' delivery mechanisms. In the context of India, he says, 'With the Indian healthcare market estimated to grow to US$ 372 billion by 2022, coupled with growing healthcare needs of a 1.3 billion strong population, successfully leveraging AI, is vital to catapulting the 'healthcare of today' into the 'health-tech of tomorrow'.' He provides four ways AI can catalyze change in healthcare - (1) Economising healthcare costs through machine learning and big data. Integrating big data with wellness could potentially save the healthcare industry up to US$ 100 billion per year. (2) Merging cognitive computing and healthcare can potentially mitigate estimated global shortage of 12.9 million healthcare professionals by 2035. AI-powered applications can augment the services of physicians and expand healthcare outreach at affordable costs. (3) Enhanced diagnosis and identification of diseases. Through algorithms and analysis of big data patterns, AI can detect trends to enhance disease diagnosis and create treatment plans in order to efficiently streamline the healthcare needs of a patient. (4) AI and Internet of Things (IoT) can lead to personalization and more patient-centric approach to healthcare. Wearable gadgets powered by AI can capture and store health data of individuals and play an important role in preventive treatment. Mr. Rana further suggests, 'In India, where we rank a lowly 154th in the Healthcare Access and Quality Index, we must make collaborative efforts to unlock the potential of AI to create an enabling health technology ecosystem to match demand, optimise costs, and demonstrate value.' Read on...

The Indian Express: The health-tech of tomorrow
Author: Rana Kapoor


Mohammad Anas Wahaj | 29 apr 2018

According to the report by Indian Council for Research on International Economic Relations (ICRIER), 'Anatomy of an Internet Blackout: Measuring the Economic Impact of Internet Shutdowns in India', 12615 hours of mobile Internet shutdowns in India cost the economy approximately US$ 2.37 billion and 3700 hours of mobile and fixed line Internet shutdowns in India resulted in a loss of approximately US$ 678.4 million during the period 2012 to 2017. Most affected by the shutdowns were e-commerce businesses and online freelancers operating from small towns. Tourism is another sector affected. Rajat Kathuria, Director & CEO of ICRIER, says, 'The objective of the study is not to pronounce on the efficacy of a state decision on an Internet blackout, rather to estimate the economic costs associated with the event. However, policy makers would be well advised to consider these costs in the final decision on a shutdown. If digital use were to proliferate as envisaged under the Digital India programme, the magnitude of loss could increase in the future.' Read on...

Firstpost: Indian economy suffered a loss of estimated $3 billion due to internet shutdown during 2012-17 - Study
Author: NA


Mohammad Anas Wahaj | 22 apr 2018

According to a report by The Times of India, engineers in India are now showing more interest in the automobile industry as compared to the usual IT industry, signalling a boom time for the more traditional manufacturing sector. Tightening of US visa rules, streamlining of staff by big IT companies and increasing importance of big data and artificial intelligence in automobile industry are some factors promoting this shift. NASSCOM says that IT sector will see single-digit growth for the third-consecutive year and jobless growth for the second year. Gopal Mahadevan, CFO of Ashok Leyland, says, 'Earlier mechanical engineers were going to the IT industry but now they're coming back. There appears a reverse brain drain happening and suddenly we're getting lots of applications from this segment, much more than in the last 3 years.' According to the Naukri Jobspeak data for March 2018, there has been significant hiring growth for the auto industry. The sector has witnessed a 33% growth in March 2018 compared to March 2017. Rajan Wadhera, President of Automotive Division at Mahindra & Mahindra, says, 'The IT allure is beginning to wear off as that segment has almost reached a saturation point. The pay growth is also not as good as it once was. So the attraction to join the auto industry is back.' Thammaiah B. N., MD of Kelly Services, says, 'Product specialists are in demand and their experience levels are in the tune of 8 to 10 years or higher. The auto industry itself has stepped up its hiring by 30% and IT has been a major contributor.' Read on...

The Economic Times: Automobile industry is the new IT for India's engineers
Author: NA


Mohammad Anas Wahaj | 27 mar 2018

Ineffectively designed education and training system breeds unemployability. As former President of India Late A.P.J. Abdul Kalam had rightly once said, 'It is not unemployment, which is a major problem; it is the question of 'unemployability', which is a bigger crisis.' According to the recent TeamLease Services' survey report 'Industry Opportunity Based Vocational Course Design', that included 105 organisation and 65 students, 'The vocational education ecosystem in its current form has not succeeded in creating adequate employable job seekers in India as more than 60% candidates and employers find these courses ineffective.' The report also mentions that only 18% of the students undergoing voc-ed (vocational education) courses get jobs, of which merely 7% are formal jobs. The survey highlights the reasons of disconnect between courses and industry - unavailability of quality academic content, lack of funds and negative perception about courses. Neeti Sharma, SVP of TeamLease, says, 'With advancement in technology, improved infrastructure and easy access to domestic and global market, job profiles are continuously and rapidly evolving every day. The need of the hour is advanced vocational skills training...' Read on...

The Economic Times: Vocational education mostly ineffective in India - Survey
Author: NA

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