OPINION, P2 MIND & GAMES Change begins with words and ideas IDEA EXCHANGE EXERCISE REALLY CAN KEEP YOU YOUNG Alexandre Ziegler Remaining physically active as we grow older could help to keep our muscles and immune systems robust Page 10 ACROSS THE AISLE , P CHIDAMBARAM Vol II No. 360 ‘India has chosen Rafale because it is the best. In any major defence deal, there is confidentiality’ Page 4 Follow us on Twitter & Facebook. App available on App Store & Play Store WWW.FINANCIALEXPRESS.COM LEISURE ASPIRITED TALE MUMBAI SUNDAY, MARCH 25, 2018 12 Pages, `8 SPOTLIGHT MADETO MEASURE With a size chart for the country’s ready-to-wear industry, Indians may finally get their own size. But what does an ‘India Size’ mean, and do we need it? Page 7 WORDSWORTH ANUKE NEXTDOOR Pakistan’s Nuclear Bomb: A Story of Defiance, Deterrence, and Deviance is a cogent attempt at examining illicit nuclear proliferation Page 5 FINANCIALEXPRESS ON SUNDAY READ TO LEAD PUBLISHED FROM:AHMEDABAD, BENGALURU, CHANDIGARH, CHENNAI, HYDERABAD, KOCHI, KOLKATA, LUCKNOW, MUMBAI, NEW DELHI, PUNE TRADE WARS Lalu gets 14 years in jail Will defend own trade interests, China to US PRESS TRUST OF INDIA Ranchi, March 24 RJD SUPREMO LALU Prasad Yadav was on Saturday sentenced to 14 years in jail and fined `60 lakh by a special CBI court in connection with the fourth fodder scam case pertaining to fraudulent withdrawal of `3.13 crore from Dumka treasury in the early 1990s,said a CBI counsel. CBI judge Shiv Pal Singh awarded two separate sentences of seven years each to Yadav under the Indian Penal Code (IPC) and the Prevention of Corruption Act, counsel Rakesh Prasad said. Both the sentenceswillhavetobeserved consecutively, he added. Lalu Prasad’s counsel said he would appealinahighercourtagainst thejudgment.Thecourthadon March 19 held the 69-year-old guilty along with 18 others in the Dumka treasury case. ● Chinese Vice Premier Liu says US has violated international trade laws, hopes both sides can remain ‘rational’ REUTERS Beijing, March 24 THE UNITED STATES has flouted trade rules with an inquiry into intellectual property and China will defend its interests, Vice Premier Liu He told US treasury secretary Steven Mnuchin in a telephone call on Saturday, Chinese state media reported. The call between Mnuchin and Liu, a confidant of President Xi Jinping, was the highest-level contact between the two governments since US President Donald Trump announced plans for tariffs on up to $60 billion of Chinese goods on Thursday. The deepening rift has sent a chill through financial mar- Continued on Page 11 Apple CEO Tim Cook at the China Development Forum 2018 in Beijing on Saturday REUTERS Cook calls for calm heads: Page 11 ketsandthecorporateworldas investors predicted dire consequences for the global economyshouldtradebarriersstart goingup.SeveralUSchiefexecutives attending a high-profile forum in Beijing on Saturday, including BlackRock’s Larry Fink and Apple’s Tim Cook, urged restraint. In his call with Mnuchin, Liu, a Harvard-trained economist,saidChinastillhopedboth sides would remain “rational” andworktogethertokeeptrade relations stable, the official Xinhua news agencyreported. US officials say an eightmonth probe under the 1974 US Trade Act has found that China engages in unfair trade practices by forcing American investors to turn overkeytechnologies to Chinese firms. However, Liu said the investigation report “violates internationaltraderulesandisbeneficial to neither Chinese interests, US interests nor global interests”, Xinhua cited him as saying. Continued on Page 11 Lalu Yadav, RJD chief On your mobiles, a bundle of joy QuickPicks UK watchdog reviews evidence after Cambridge Analytica search ● Telecom operators are offering voice, data, OTT services in a package BRITISH REGULATORS FINISHED searching the offices of Cambridge Analytica, the firm at the centre of a Facebook data scandal, before dawn on Saturday. “We will now need to assess and consider the evidence before deciding the next steps and coming to any conclusions,” a spokesman for the data watchdog said. PAGE 11 Fresh seizures from Nirav Modi’s Mumbai apartment A FRESH SEIZURE of antique jewellery, costly watches and paintings of Amrita Sher-Gil and MF Hussain worth `26 crore was made from the seafacing Mumbai apartment of Nirav Modi. The seizure, made by the Enforcement Directorate (ED), was in connection with the over `12,000-crore PNB fraud case in which Modi is the prime accused. ODD & EVEN Master distiller Jeff Arnett of Jack Daniel’s uncaps the history of the American whiskey brand Page 9 ROHNIT PHORE ANUSHREE BHATTACHARYYA New Delhi, March 24 FOR ALL THOSE WHO are interested in video streaming platforms like Netflix, Amazon Prime and the like, but are too lazytoundertakethehassleofsubscribing to them, paying and renewing subscriptions,there is help at hand in this age of convenience. Just askyourmobile phone operatorto do the needful, but don’t expect any free data because of the discriminatory tariff regulation brought out by the Telecom Regulatory Authority of India (Trai) prohibiting anyfreebies if the same content is available on the Internet.Allyouwould get is a bundled package, like voice and data, and will have to pay at a single point instead of multiple payment points. It works something like this. To subscribe to Amazon Prime, for instance,you need to pay an annual subscription fee of `999.Thebetteralternativecouldbetoget on to the `499 monthly tariff pack of Bharti Airtel,which,apart from providing unlimited local, STD and incoming and outgoing roaming calls, with access to 40GB of 3G/4G data (with rollover facility),will also offer a one-year subscription of Amazon Prime. Further, you can also watch a range of content on Airtel TV — from original series byAltBalaji to movies on Hooq and music via Wynk. WhatAirteldoesisjustofferyouthecon- venience of single-pack access. It does not provideyou anyfree data towatch these. “Consumers are usually reluctant to register on multiple platforms. So when a telecom operator aggregates content and provides a single-window access to customers through its own app,the process is simplified. This also eliminates the need for multiple app downloads,registrations andlogins,”saysSameerBatra,CEO,Wynk. “Most platforms are yet to develop a payment mechanism. Users are still required to payeither through a debitorcreditcardornet banking. A single bill generated by telecom operators makes it easier to pay for the services, without giving away card or other bank-related details to several platforms,” feels Ashish Pherwani, partner and leader,advisory services,EY. It is not just Bharti Airtel that provides such convenience. Other mobile operators also have tariff packages that offer access to video streaming platforms. Vodafone India’s post-paid customers on a `499 monthly pack, for instance, get to watch a range of content through its app — Vodafone Play. Those wanting to watch content on Netflix can opt for the `999 monthly rental plan. Similarly,Reliance Jio subscribers on a monthly rental of `309 have access to all entertainment apps, including Jio TV, Jio Cinema,Jio Music,etc. There are two kinds of deals that an OTT player and a telecom operator sign. Under the first arrangement, a telecom operator agrees to show programmes at a deferreddate,afterbeingairedontheoriginal platform. In case of the second arrangement,a viewer,when clicks on a film orweb series,is taken to the original platform through a hyperlink. For instance, viewers of bothAirtel TV and Jio get to see content on Hotstar via its link on the two platforms. However, consumers still need to subscribe to Hotstar's premium content separately. Analysts say such aggregation would increase by thedayandaccessingvideoOTT content through mobile operators could be the orderof the day. Power sector biz charged up on Bangladesh ● Indian firms get big opportunities across border as domestic woes persist Bibiyana III Combined Cycle Power Project and 400 MW Bibiyana South Combined EVEN AS THE POWER sector is Cycle Power Project.” mired in various issues in India An opportunity has also thatthreatentheviabilityofsev- opened up for transmission eral projects, neighbouring companies,suchasKECInternaBangladeshisemergingasasub- tional.The Mumbai-headquarstantial opportunity for Indian teredcompanyhasbeenpresent engineering,procurement and inBangladeshsince1999andis construction(EPC)companies. in the process of executing The country has embarked orders that would take the total on an ambitious power devel- business done in Bangladesh to opment programme to build about$200million.VimalKejriover30,000MWofpowergen- wal, MD & CEO, KEC Internaeration capacity over the next tional, said a lot of work has decade.Severaloftheproposed startedtoflowfromBangladesh power projects towards this onlyrecently.“Weclearlyseethis end — fuelled by gas, coal and as a large market and looking nuclear energy — are under ahead, we easily expect to do various stages of planning, business in excess of $100 mildevelopment and tendering. lion every year for the next few Indian contractors are eye- years, in contrast to the $200 ingasliceofthis millionwehavedone Till date, the opportunity. over the last two Bangladesh While Reliance decades. This Infrastructure includes power progovernment has in December jects, as well as railissued letters of 2017 won two ways, as we are preintent for 33 contractsworth sent in both projects. About `5,000 crore segments.” 13 more projects for a gas-based However, the are in the powerplantand opportunity for a liquefied natIndian companies pipeline ural gas (LNG) are limited to the terminal, EPC portion of the Larsen & Toubro has just com- contracts. Vishwas Udgirkar, missioned two gas-based partner,DeloitteIndia,saidthe powerprojects.ShailendraRoy, competition from Chinese MD & CEO,L&TPower,said the companies is severe. He said, company is geared up to con- “In the powersectorespecially, tributefurthertoBangladesh’s where the equipment is compower development pro- ing in as part of the EPC congramme. He said,“We are cur- tract,you cannot beat the Chirentlyexecutingtwomoregas- nese contractors.” based power projects in Bangladesh — 400 MW Continued on Page 11 ROUHAN SHARMA Mumbai, March 24 POWER PLAY 30,000 MW 14,000 MW Power generation capacity Bangladesh plans to build over the next decade The total installed capacity in Bangladesh, at present $4.5 bn `5,000 cr Worth line of credit extended by India to Bangladesh in October 2017 for infrastructure and social sector Worth of contracts won by Reliance Infrastructure for a gas-based power plant and an LNG terminal ■ Larsen & Toubro has just commissioned two gas-based power projects ■ Bangladesh, Nepal, and Sri Lanka have been attracting interest from multilateral funding agencies like World Bank, Asian Development Bank and Japanese International Cooperation Agency ■ Around 17 projects have already been identified under the line of credit extended by India Is healthy = happy? Indians certainly think so A survey across eight cities reveals sound mind and happiness to be equally important for people as physical well-being ANANAYA BANERJEE New Delhi, March 24 ATTITUDES ARE CHANGING. We can see people becoming more aware of things like sustainability, environmentfriendly, organic, biodegradable and more when it comes to what they use, what they wear and what they eat. A survey by Deepika Padukone’s Live Love Laugh Foundation has revealed that mindsetsarechangingwhenit comes to concepts like ‘healthy’ and ‘fitness’ as well, withmentalhealthandhappiness becoming equally important as physical well-being. Data from over 3,500 respondents (of equal proportion of genders) in eight cities (Delhi, Mumbai, Bengaluru, Kanpur, Pune,Kolkata,Hyderabad and Patna), reveals that approximatelyone in two people associate‘being healthy’with‘happiness’ and every one in two people link ‘being healthy’ with ‘having a sound and healthy mind’. But all is not well. Despite these statistics,not manyof us would actually seek help from a mental health professional if the need arose or even assist those in need.Even though all of us talk about depression, anxiety and stress everyday, the stigma of seeking help for these conditions is still huge. Asperthesurvey,almosthalf of the participants used words such as ‘retard’ or ‘crazy, mad and stupid’ while describing peoplewith mental illnesses. The survey also revealed that even though 47% people are aware of mental illnesses, they still show bias and judgment towards those who suffer from these conditions. Even as the country’s most progressive bill on mental healthcare was passed last year,theresultsofthenational mental health survey (201516) reveal that only about 10- Data from over 3,500 respondents in eight cities reveals that approximately one in two people associate ‘being healthy’ with ‘happiness’ and every one in two people link ‘being healthy’ with ‘having a sound or healthy mind’ Actor Deepika Padukone along with members of Live Love Laugh Foundation releasing the survey report in the national capital 12% of people suffering from depression get treated in India.As shockingly low as the percentage stands, it does not even take into account other mental diseases. Speaking at an event to release the findings of the survey, Deepika Padukone said, “This research initiative is part of our ongoing efforts to build a better understanding about mental health in our country. Our research shows that only over a quarter of the respondentsarewillingtobesupportive in many aspects, while the remainingareeitherjudgmental or fearful of those affected with mental illnesses.”
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