HCL Foundation awards education scholarships worth Rs. 15 Lakh

New Delhi: HCL Foundation, the CSR wing of HCL Technologies, awarded scholarships to 25 talented scholars in NCR this Saturday at the My Scholar Kick Off Meet organized at the HCL Campus in Sector 126. A total of Rs.15 lakh was awarded as scholarship amount. The event was attended by representative from HCL Foundation, parents and family members of the scholars and the 25 HCL employees who have taken up the challenging task of mentoring these scholars to achieve their dreams.
Mr. Raj Vikram Singh, SDM, HCL Infra was the Special Guest for the event and handed out the scholarship cheques to the scholars.
HCL Foundation’s My Scholar Program under the Power of One initiative is an inclusive step towards ensuring sustainable career development for students from weaker economic backgrounds. At present, the program reaches out to 77 such young and talented scholars pan India who have been shortlisted after a rigorous screening process. These children are currently enrolled in class 10 or above and are all high achievers in their respective fields of study. While some aspire to become future engineers, doctors, chefs and entrepreneurs, some wish to serve the nation by becoming academicians, air force pilots and administrators.
“The financial component of the scholarship is completely supported by HCL Foundation through the Power of One contribution under which almost 40,000 employees of HCL contribute Re. 1 daily from their payroll towards social causes. Besides the financial support, the scholarship also has a mentoring component under which every scholar has been matched with an HCL employee who will mentor these scholars.” added Simi Suri, Lead Operations, HCL Foundation India. The scholars and mentors have been matched on the basis of their skills sets and areas of interest. The mentors will be a support system to the scholars and provide guidance, motivation and emotional support.
“Holding the scholarship cheque feels surreal. I am waiting to go and tell all my friends about this achievement. I also got to meet the ‘bhaiya’ who will be my mentor. He is very nice and friendly. I feel motivated to study hard and get the scholarship again next year” said Ankit, a scholarship recipient.
At the event, a session was also organized for the parents and family members of these scholars where they were oriented about the scholarship and mentoring program. The parents also got an opportunity to interact with the HCL Foundation team and clarify their doubts and concerns about the program.
“I am very happy that my child has received this scholarship. I am a single mother and I work very hard to support my daughter’s education. She wants to become a banker and I don’t have the knowledge and resources to guide her. I am very grateful to HCL for the scholarship and the mentoring support that they will provide her. I am sure she will work hard and achieve her dreams” said Lata Saini, a scholar’s mother. Another parent added, “I thank all the HCL employees who have contributed towards this scholarship and I am happy that they will also help my child in setting goals and getting details about different academic programs that would help him become a successful engineer
The mentoring process will be guided by HCL Foundation in collaboration with Sattva who will provide career guidance support and conduct intense life skill sessions for the scholars. Regular mentorship workshops will also be organized for the employees who will mentor these scholars.
Next year, the My Scholar Program will reach out to 150 scholars through HCL scholarships and connect another 200 scholars with Government Scholarships.

Source: Indiaeducationdiary, 1-06-2017

What is 'debt monetisation' in Economics?

A term that refers to the purchase of government bonds by the central bank to finance the spending needs of the government. Since the central bank creates fresh money to purchase these bonds in the open market, debt monetisation leads to an increase in total money supply. This, in turn, can lead to higher prices in the economy, which the central bank can counter by selling the bonds that it owns out in the open market. Such bond sales help in sucking excess money out of the economy, thus helping in the control of rising prices.

UPSC 2016 results declared: Have realised my dream, says topper Nandini KR

Nandini KR of Karnataka’s Kolar who topped the Union Public Service Commission’s civil services examination for 2016, is a civil engineering graduate from MS Ramaiah Institute of Technology in Bangalore.

Nandini KR of Karnataka’s Kolar who topped the Union Public Service Commission’s civil services examination for 2016, is a civil engineering graduate from MS Ramaiah Institute of Technology in Bangalore.

“This is a very happy moment for me, I have realised my dream,” Nandini told news agency ANI.

In her last attempt, she had made the grade for the Indian Revenue Service (IRS).

“It is like a dream come true. I always wanted to be an IAS officer,” she told PTI from the National Academy of Customs, Excise and Narcotics in Faridabad, where she is undergoing probation.

“I put in a lot of effort. After getting selected in the IRS in 2014, I had taken the exam again in 2015 but could not crack it. I took the test again and topped it. It is a wonderful experience,” she said.Nandini is from the Other Backward Class (OBC) category. In the 2015, Delhi girl and scheduled castes category candidate Tina Dabi had topped the exam.

The government in a statement said Nandini had qualified with Kannada literature as her optional subject.

Nandini is currently undergoing training at the National Academy of Customs, Excise and Narcotics in Faridabad.

Anmol Sher Singh Bedi bagged the 2nd position and following him on the list are Gopalkrishna Ronanki, Saumya Pandey, Abhilash Mishra and Kothamasu Dinesh Kumar.

Kashmir’s Bilal Mohiuddin Bhat secured 10th position in the exam. In his last attempt he was selected for the Indian Forest Service.

“Words can hardly describe my feelings. I feel on top of the world today. I believed in this quote -- Try, try, try again. I have been trying from 2010,” Bhat told PTI.

This was his last chance to get into the civil services as he would have crossed the cut-off age of 32 years in November. Bhat, who is from Handwara in the Valley, completed his schooling and college from Srinagar before studying veterinary sciences in Jammu.

The UPSC has recommended a total of 1,099 candidates for appointment to civil services.

As many as 180 successful candidates will be appointed in the IAS, 45 in the IFS, 150 in the IPS and 834 in other central group A and B services.

Source: Hindustan Times, 1-06-2017

World Bank report concludes Modi’s demonetisation had more pluses than minuses

If India’s economy is substantially whitened, demonetisation will be remembered as the act that began the process

Shock therapy can work, even in India, but not without leaving some burn marks. The World Bank’s latest India Development Update attempts to make another assessment of the impact of the Narendra Modi government’s demonetisation experiment. It does not shy away from saying that demonetisation caused considerable distress among informal sector workers in general. But its general conclusion is that ‘notebandi’ had many more pluses than minuses and its negative fallout was limited. Part of the reason for this, however, was simple luck: A normal monsoon helped cushion the rural economy.

The report interestingly looks at the velocity of M1 money supply, a way to measure the number of transactions in cash, bank accounts and normal places people keep their money. The velocity fell from 5.7 to 5.6 between the last quarter of 2016 and the second quarter of 2017. This would be expected but the fall was remarkably small, indicating that a national inclination for jugaad found ways around the lack of physical banknotes. The bank predicts a sharp rebound in velocity in the coming quarters.

The report repeats what other studies have shown, that India’s GDP growth rate dipped but only marginally during the demonetisation period. It estimates GDP growth rate was at 7.3% in the first half of the fiscal year and dropped a mere one-third of one percentage point in the second half. However, like everyone else who has come out with such a figure, the bank admits it has no clear means to calculate the impact on the informal sector. But certain parts of the formal economy proved quite resilient: Air travel by the urban middle class was wholly untouched by ‘notebandi’.

There are clues to the degree of turmoil in the informal sector. Demand for jobs in the formal sector by February, for example, matched the entire demand of 2016. This is a clear sign of how many jobs were lost during demonetisation. However, this also underlines a key advantage of demonetisation, at least if it is merged with a widespread digitisation of financial transactions: It is helping push India out of the shadow of its black economy.

Formalisation of the economy has numerous gains: It means better wages and conditions for workers, greater revenue for government, less corruption and more transparency, and higher productivity and investment levels overall. There are many who speak in favour of the informal sector. But the poor man’s economy has a crucial flaw. Because of its static productivity and technology levels it keeps its inhabitants in poverty. If India’s economy is substantially whitened, demonetisation will be remembered as the act that began the process.

Source: Hindustan Times, 1-06-2017

The Mobile Temples

KS RAM





In Vedic times there were no temples as we know them today . Temples were constructed when kingdoms began to flourish. Anand Coomaraswamy observes that the rise of the temple represents the softening of the practice of yagya or sacrifice into puja.The temple -the practice of `fixing' God in a permanent building -was never entirely endorsed by thinkers. Questions have been raised in this regard down the years. Basavanna, the 11th century Kannada poet who began the Veerasaiva movement, wrote an interesting poem on this subject: ``The rich shall make temples for Siva, What shall I, a poor man, do? My legs are pillars, the body the shrine, the head a cupola of gold. Listen, O kudala-sangama-deva things standing shall fall, but the moving ever shall stay .'' AK Ramanujan observed that Hindu temples are modelled after the human body: Temples have padas or legs; hasta or side walls; shikhara or head; and garbha griha or wombhouse. The `fixed' temple is in opposition to the `mobile' body; the transient building contrasts with the abiding Self; and, most importantly , the making of a temple is opposed to the being of a temple. A constructed temple is only a symbol of the original, the body . Is it wise then to chase the symbol, when you have the original? Is it wise then to make something, if you can be it?

India fails to give kids a safe childhood, ranks a poor 116

Scores Worst In Protecting The Girl Child

India has fared poorly ranking 116 in the global index of places where childhood is most and least threatened, lagging behind many of its neighbouring countries like Myanmar (112), Bhutan (93), Sri Lanka (61) and Maldives (48).The index is part of a new report `Stolen Childhoods', from Save the Children, which assesses children missing out on childhood. The index scores reflect the average level of performance across a set of eight indicators related to child health, education, labour, marriage, childbirth and violence.
India scored 754 points. According to the report, one in every 21 children being born in India are dying before reaching their fifth birthday , whereas 47 million youth of upper secondary age are not in school. While India has the highest number of stunted children in the world, it also accounts for the largest number of child labourers under age 14 among all nations.
Data show India's worst performance was in indicators which reflect safeguarding the girl child. For instance, 10.3 crore girls in India were married before they had turned 18 and 50% of all adolescent births occur in just seven countries which includes India. The stunting rate among Indian girls is also very high with one-third of girls aged 15-19 being stunted even as in most countries stunting rates are higher for boys than for girls.
Stunted growth is caused by chronic malnutrition in the first 1,000 days of a child's life (from the start of pregnancy to age 2). Chronic malnutrition at this stage of life is largely irreversible, and stunted children face a lifetime of lost opportunities in education and work. Such children are also more likely to succumb to illness and disease. Nearly half of all deaths in children under 5 years of age are attributable to under-nutrition. Data show 38.7% Indian children aged 0-59 months are severely malnourished.

Source: Times of India, 1-06-2017

Mainstream Weekly: Table of Contents

Most recent articles

• Dalit Mobilisation, Indo-Pak Tension, J & K

  27 May, by SC
  EDITORIAL
  In recent times one special feature of the Indian political situation is the fact that Dalits are asserting themselves across the country. This has been the result of persisting attacks on Dalits in different areas, the most recent  (...)

• A Jallianwala Bagh-like Situation

  27 May, by Kuldip Nayar
  Hashimpura is as deep a tragedy as the anti-Sikh riots in 1984. Both minorities have not allowed the wounds to heal because they go on reminding them of the killings at that time. The perpetrators, the Provincial Armed Constabulary (PAC) from  (...)

• Tagore and the October Revolution

  27 May
  by Jayanta Kumar Ghosal
  The 156th birth anniversary of Rabindranath Tagore was observed this month on May 9. This year will also mark the centenary of the Great October Revolution. The following article is being pubished against the backdrop of  (...)

• Hindu Rashtra: {Is it Good for Hindus?

  27 May
  by Ram Puniyani
  Hindu Rashtra is the goal of Hindu nationalist politics, which is also called Hindutva. In contrast to Hinduism, Hindutva is politics in the name of Hinduism with Brahmanism as the core of the same. In a nutshell, Hindutva is  (...)

• Excerpts from Nehru’s writings and interviews

  27 May
  May 27 this year marks the fiftythird death anniversary of Jawaharlal Nehru. On this occasion we are reproducing the following excerpts from Nehru’s writings and interviews that are of exceptional relevance even today. 
  Words that Endure
  The  (...)

• The If-ing of Nehru

  27 May
  by M. Chalapathi Rau
  The following article appeared in Mainstream on November 10, 1962, to mark Jawaharlal Nehru’s 73rd birth anniversary on November 14 that year. This took place during the Chinese aggression in India which began on October 20,  (...)

• Nehru and Minorities

  27 May
  by S. Gopal
  The following contribution from Nehru’s biographer, Dr S. Gopal, was published in Mainstream (November 12, 1988). It was based on the Ansari Memorial Lecture which he delivered at the Jamia Millia Islamia, Delhi on February 22, 1988.  (...)

• Secular Outlook

  27 May
  by Rafiq Zakaria
  The following is a tribute to Nehru offered by the author as a member of the Nationl Committee set up for Nehru’s birth centenary. This contribution was included in a book published on November 14, 1989 following yearlong  (...)

• Secularism and the State: Categorising the Nehru Model

  27 May, by Anil Nauriya
  I. The “Nehru Models”: The Historical Nehru Model and the Posthumous Nehru Model
  In most circles where opinion-making on behalf of minorities takes place, one of the reasons for appreciation of Jawaharlal Nehru’s approach towards the minorities  (...)

• Jawaharlal Nehru and the Strength of our Secular Democracy

  27 May
  by Sukumaran C. V.
  “Nehru Dead! Nehru Dead!! Nehru Dead!!!” The teleprinter message was hammering away in my brain. At 2 pm on Wednesday, May 27, 1964, each one of us, four hundred and fifty million Indians, died, as the great-hearted Jawaharlal  (...)

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