OPINION, P2 MIND & GAMES Development,and those left behind WINE FROM PREHISTORIC GEORGIA WITH AN 8,000-YEAR-OLD VINTAGE Researchers have found wine residue on pottery shards from two archaeological sites in Georgia dating back to 6,000 BC Page 10 ACROSS THE AISLE, P CHIDAMBARAM Vol II No. 342 Follow us on Twitter & Facebook. App available on App Store & Play Store IDEA EXCHANGE Randeep Guleria Pollution is a silent killer, with longterm impact. Need urgent, multipronged approach to tackle it Page 4 LEISURE WWW.FINANCIALEXPRESS.COM INDIRA UNSEEN MUMBAI SUNDAY, NOVEMBER 19, 2017 12 Pages, `8 WHEELS OF CHANGE PUBLISHED FROM:AHMEDABAD, BENGALURU, CHANDIGARH, CHENNAI, HYDERABAD, KOCHI, KOLKATA, LUCKNOW, MUMBAI, NEW DELHI, PUNE New tech spawning GSTN changes proposed, reskilling industry USER-FRIENDLY TECH edit interim returns now ● Average revenue shortfall of states down to 17.6% in October, as compared to 28.4% in August A growing number of Indians are taking to cycling for recreation and fitness purposes. And taking a cue from this are entrepreneurs, government officials and private players who are going full steam ahead for the adoption of a cycling culture in the country Pages 6-7 WORDS WORTH BLIND SPOT The big four, Apple, Amazon, Facebook and Google, have generated unprecedented wealth and inspiration. But there’s another side to their success story. Excerpts from Scott Galloway’s The Four: The Hidden DNA of Amazon, Apple, Facebook and Google deconstruct the strategies that lie beneath their accomplishments FE BUREAU Bengaluru, November 18 EXPRESSING SATISFACTION ON the progress made by technology vendor Infosys in resolving various issues of the Goods and Services Tax Network (GSTN), the Group of Ministers (GoM) on Saturday said they would be introducing newerfeatures to make the entire system more user-friendly. The five-member GoM headed by Bihar deputy chief minister Sushil Kumar Modi was constituted to resolve the various technology issues of GSTN. Infosys had won the `1,380-crore contract in September 2015 to implement the GSTN system and maintain it for five years. A GoM headed by Bihar deputy CM Sushil Kumar Modi expressed satisfaction on the progress made by technology vendor Infosys in resolving various issues of the GSTN Addressing mediapersons on Saturday following its fourth meeting with Infosys,Modi said as part of a review meeting,they had decided to introduce editing facility in the filing of the GSTR 3B summary filing. This is expected to be operationalised in the next three-four days. The lack of editing facility has affected about two lakh tax payers, who were not able to file their summary returns. Modi said the GSTN will also introduce new types of management information systems (MIS), which will enable the tax officials to analyse the data.“Features such as editing, preview, downloading and print will be introduced so as to make it more user-friendly,” he added. However, this time the Bihar deputy chief minister did not provide any timeline for Infosys to resolve the various issues,unlike in the past, saying it was an ongoing process.“Infosys is doing good work.We are satisfied,” Modi said. Infosys has now deployed over 600 IT professionals for the GSTN project and it has also placed deputy resident engineers in each of the 29 states to enable a more direct interaction. Modi said it was a massive exercise implementing the GSTN, given the inherent complexities, adding that the number of complaints have decreased. The GoM also held a meeting with Infosys chairman Nandan Nilekani later in the day to discuss the various issues of GSTN. On the revenue receipts from the goods and services tax (GST), the month of October witnessed a collection of `95,131 crore as compared to `93,141 crore in September, according to Modi. The average revenue shortfall of all states was down to 17.6% in October as compared to 28.4% in August. The revenue shortfall in August 2017 was `12,208 crore, as compared to `7,560 crore in October. “This is a good and encouraging trend,” he said. As per Modi, 17 states sawthe maximum revenue shortfall, while nine states had the least shortfall.He added that Delhi has almost reached break-even point. Continued on Page 3 Highest hike in a decade on import tax on edible oils REUTERS Mumbai, November 18 Postcard from J&K Poonch in Jammu & Kashmir wears a white blanket after heavy snowfall on Saturday PTI PHOTO Page 5 IMPORT TAX ON edible oil has been raised to the highest level in more than a decade, the government said, as the world’s biggest importerofedibleoilstriestosupport its farmers.The hike will lift oilseed prices and their availability for crushing in the domestic market,helping India in capping imports in 2017-18 marketing year,which began November1. Continued on Page 3 QuickPicks Govts keep global climate deal on track despite US pullout ALMOST 200 nations kept a 2015 global agreement to tackle climate change on track on Saturday after marathon talks overshadowed by US President Donald Trump’s decision to pull out, reports Reuters. Fijian PM Frank Bainimarama, presiding at the talks in Bonn, said the outcome “underscores the importance of keeping the momentum and of holding the spirit and vision of our Paris Agreement.” The process would be called the Talanoa Dialogue, after a Fijian word for story-telling and sharing experiences. ‘Economy not out of woods despite rating upgrade’ THE NDA government should not be "lured into false belief" that the economy is out of the woods, former PM Manmohan Singh said on Saturday, reacting to the Moody’s upgrade of India’s sovereign credit rating, reports PTI. The US-based agency upped India’s rating to Baa2 from Baa3 and changed its rating outlook to ‘stable’ from ‘positive’. "I am glad that Moody’s has done what they have done, but we must not be, I think, lured into false belief that we are out of the woods," he said. PAGE 3 ODD & EVEN READ TO LEAD ROHNIT PHORE ● Training firms mushrooming rapidly to keep IT staff in tune with technology BIG MARKET PRADEESH CHANDRAN Bengaluru, November 18 GIVEN THE NEW and rapid leaps technology is taking, upgrading of skills has become the new norm for employees of the over $150-billion Indian IT industry. They have little choice if they want to remain relevant in an environment where there is a higher premium for those with expertise in newer technologies. This has spawned several professional technologytraining firms, which are skilling people in areas such as big data, cloud, data science, agile-scrum, devops and cyber security,to name a few. There has been a significant rise in the number of companies that provide professionally-certified training courses in newer technologies. As per a report by Tracxn, in 2016 alone, about 43 new edutech companies were formed in the country in the professional training segment.This is in addition to the 67 new professional training companies that came into being in 2015. “The IT companies, which were talking about digital, have started projects based on technologies like artificial intelligence,cloud,automation,etc.As they see more clients asking for digital quotient in projects,they need to train their workforce quicklywithin a period of 30-40 days.We do exactlythis,with online courses to companies to skill their staff,” said Ravi Kaklasaria, CEO & co-founder, Spring People, a professional technology training firm. The company counts Infosys, IBM, HCL and Wipro, among others, as its clients. These firms are betting big on the opportunity for skilling and reskilling and have developed various online courses and curricula that can be easily In 2016, 43 new edutech companies were formed; 67 formed in 2015 Foreign players such as US-based Pluralsight and Udacity also in market Online education to grow at 8X, to become $1.96-billion industry by 2021; reskilling & online certification to be largest adopted by large enterprises for A study by Google and skilling their workforce. KPMG had said the online eduAs per the learning service cation industry is expected to providers, there has been rapid grow at a healthy rate of 8X, to growth in the enterprises asking become a $1.96-billion indusfor more specialised kind of try by 2021.The report also said trainingwithin the last oneyear. reskilling and online certificaFor Bengaluru-based online tion will form the largest martechnologycourse providerSim- ket opportunity. plilearn, the revenue from Over the years, the industry courses like cloud computing, had faced the challenge of findagile, cyber secuing the right talTraining firms are rity, big data and ent that can be analytics have readily deployed skilling people in grown 331%, for a project. With areas such as big 158% and 50%,rea change in the data, cloud, data spectively, for the business model science, April-October peand project delivagile-scrum, riod,2016,over the ery using digital devops and cyber technologies like past one year. With growth cloud, automasecurity, to name opportunity protion, artificial ina few vided by the dotelligence,IT commestic market, panies are also many foreign playgearing up to ers in the online professional equip their workforce for the education space are also enter- technological evolution. ing the market, such as PluralTata Consultancy Services sight and Udacity from the US. (TCS) is also investing heavily in “India is a significant mar- developing employee strength ket for us. We have partnered in the new-age technologies,like with various enterprises in the digital.It is also reskilling its emcountry to offer various ployees in the new-age techcourses. We have increased our nologies, like automation and team size in the country,” said design thinking. Arun Rajamani, country GM at Continued on Page 3 Pluralsight India. Structured growth for More flak for Padmavati, this time from Prasoon Joshi Viacom18 ● Central Board of Film Certification chief slams makers of movie for screening film without certificate CHANDNI MATHUR Mumbai, November 18 OVER THE LAST 10 years, Viacom18 has attained a sizeable share in the Indian television space. With a 44 channel bouquet (14 overseas) and five businesses, the company has had to take some disrupting decisions, some of which have paid off. “We have grown about 40 times in the last 10 years,” says Sudhanshu Vats, group CEO,Viacom 18 Media, “We are very highly dependent on advertising, so its share tends to be around 80%.” As per the financial statement of subsidiaries disclosed by Network18, the holding company of TV18 (which owns 50% in Viacom18), Viacom18 had booked a net profit of `30.6 crore in the financial year ended March 31, 2017, on a consolidated revenue of `3,036.5 crore. The revenue saw about 8% increase over the previous fiscal. Continued on Page 3 ON TUESDAY ‘BRICK BY BRICK: VIACOM18’S GROWTH MANTRA’ PRESS TRUST OF INDIA Mumbai, November 18 CENTRAL BOARD OF Film Certification (CBFC) chief Prasoon Joshi on Saturday slammed the makers of Padmavati forscreening the movie for various TV channels without getting a censor certificate. Joshi’s statement comes after reports that the producers of Padmavati — mired in controversyover allegations that it distorts history — held a special screening for a few journalists. A day after the CBFC sent SanjayLeela Bhansali’s film back because the application for the certification was “incomplete”, Joshi said he was“disappointed” that itwas being screened forthe media and getting reviewed on national channelswithout CBFC having seen or certified it. “Thiscompromisestheroleof systemsandbalancesthatarepart of a functioning industry.It’s myopic to treat the certification process haphazardly to suit convenience,” he said in the statement.“On one hand, holding the CBFC responsible and pressurising to accelerate the process and ontheotherhand,attempttosubvert the very process, sets an opportunistic precedent,” he added. Continued on Page 3 BOYCOTT IFFI: SHABANAAZMI ❝ On one hand, holding the CBFC responsible and pressurising to accelerate the process and on the other hand, attempt to subvert the very process, sets an opportunistic precedent — PRASOON JOSHI, CBFC chief ❝ SPOTLIGHT FINANCIAL EXPRESS ON SUNDAY Never seen before photos of Indira Gandhi at an exhibition to mark her birth centenary Page 8 MUMBAI, NOVEMBER 18: Actor Shabana Azmi on Saturday said the film industry should boycott the International Film Festival of India to mark its protest against threats to filmmaker Sanjay Leela Bhansali and Padmavati star Deepika Padukone. Calling the situation "cultural annihilation", Azmi criticised information and broadcasting minister Smriti Irani for her silence on the issue. "Smriti Irani is preparing IFFI dats possible only bcoz the Indian Film Industry brings such acclaim to it but keeps quiet about Padmavati! This is exactly like HKL Bhagat and Congress celebrating IFFI in Delhi after the murder of Safdar Hashmi in 1989. Cultural Annihilation," she tweeted. The 48th edition of IFFI is being held in Goa from November 20-28. PTI
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