OPINION, P2 MIND & GAMES Decades ago, synthetic polymers became popular because they were cheap and durable. Now, scientists are creating materials that self-destruct or break down for reuse on command Page 10 First anarchy, now autarky IDEA EXCHANGE ‘In 2019, even if BJP gets 220-240 seats, Modi will run govt. He won’t be out of the picture’ Page 4 DESIGNING THE DEATH OF A PLASTIC ACROSS THE AISLE , P CHIDAMBARAM Vol 11 NO. 24 Ramdas Athawale Follow us on Twitter & Facebook. App available on App Store & Play Store WWW.FINANCIALEXPRESS.COM LEISURE THEATRE FOR THE PEOPLE SPOTLIGHT GEN Y CHECKS IN More the demand, more the supply. The formula fits the ever-demanding millennials, who are spawning a huge consumer industry to cater to their every convenience. The hospitality industry is at the forefront of it all, as it tailors its offerings for Gen Y Page 7 WORDSWORTH HUMANITY & HUBRIS Excerpts from Humans: A Brief History of How We F*cked It All Up Page 5 FINANCIALEXPRESS ON SUNDAY DATA PROTECTION DoT may be stricter than Srikrishna panel ❝ ● Telecom secy says since mobiles used for many transactions, privacy norms need to be stricter For us, security is paramount. So what this means is that for telecom, we may even have to provide higher rules of protection for the individual. We have got a set of recommendations on data ownership from Trai and we will see what else needs to be done RISHI RANJAN KALA New Delhi, August 11 WITH TELECOM OPERATORS being the largest handlers of data, including sensitive personalinformation,telecomsecretaryAruna Sundararajan has saidthatsecurityandprotection here is paramount and hence operatorsmayhavestricterdata protection regulations comparedtothoserecommendedby the BN Srikrishna panel. She, however, stressed that the sector already has clear provisions that data must be stored only in India. There are also strong provisions as to who can have access to data underwhat conditions. “Since mobile is fast becoming an important factor — ARUNA SUNDARARAJAN, TELECOM SECRETARY forsocial media,financial payments,Aadharauthentication, etc, the department of telecommunications(DoT)will have to take a holistic look at the issue. As long as it is pure content,thereareprovisionsin the IT Act, but there may be some areas where assistance would be required. Telecom is one of the biggest data processors,afiduciary,henceextreme care needs to be taken about data security policies,” Sundararajan told FE. “Since a lot of data is travelling through telecom pipes and because telecom companies and service providers are such large collectors of data,all principles in the data protectionlawwillbeapplicablehere, plus some more. For us, securityis paramount.Sowhat this means is that for telecom, we may even have to provide higher rules of protection for the individual. We have got a set of recommendations on data ownership from Trai and FLIGHT MODE QuickPicks Hold discussions on draft e-commerce policy: Prabhu COMMERCE AND INDUSTRY minister Suresh Prabhu has asked his officials to undertake another round of stakeholder consultations for the draft e-commerce policy as concerns have been raised on some of them, reports PTI. PAGE 3 Monsanto told to pay $290 m to cancer patient over weed killer A CALIFORNIAJURY ordered chemical giant Monsanto to pay nearly $290 million for failing to warn a dying groundskeeper that its weed killer Roundup might cause cancer, reports PTI. Jurors found that Monsanto’s weed killers contributed “substantially” to Dewayne Johnson’s terminal illness. PAGE 11 ODD & EVEN ROHNIT PHORE Water aerodromes get govt approval PRESS TRUST OF INDIA New Delhi, August 11 THE CIVIL AVIATION Ministry has approved a proposal for setting up of water aerodromes in the country, with Chilika Lake in Odisha, Sardar Sarovar Dam and Sabarmati River Front in Gujarat being identified in the first phase for development of such facilities, an official said on Saturday. The proposal was cleared by civil aviation minister Suresh Prabhu. The Directorate General of Civil Aviation (DGCA) issued regulations in June this year, prescribing procedures and requirement for licensing of water aerodromes. Since there isnohistoricaldataonthemarket and demand from any airlines,theprojectwillbedoneas a pilot project, the ministry official said.The development would pave the way for operationofamphibianplanes(both in land and water) to enhance air connectivity. Under the proposal, water aerodromes would be set up ■ Water aerodromes are proposed to be set up near locations of tourist and religious importance ■ Chilika Lake in Odisha, Sardar Sarovar Dam and Sabarmati River Front in Gujarat have been identified in the first phase for development of such facilities ■ The development would pave the way for operation of amphibian planes to enhance air connectivity near locations of tourist and religious importance.The Airports Authority of India has already identified the sites in Odisha,Gujarat,Assam,Maharashtra and Andhra Pradesh wherewateraerodromeswould be developed. Continued on Page 11 Sales: A season that never wanes Fatigue due to year-long discounts renders season-end sales unattractive JHARNA MAZUMDAR Mumbai, August 11 THE EXCITEMENT AROUND end-of-season-sale (EOSS) seems to be fading away,what with retailers offering almost year-long discounts to clear stocks.Demand has been lacklustre during this monsoon season,with almost no growth in sales compared to last year. Frequent discounts have washed away the attraction of EOSS,rue industry experts. In earlier years, customers used to wait for EOSS to shop branded outfits at huge discounts.The trend has changed in the past couple ofyearswith manyonline and offline retailers offering attractive discounts all year round, which has impacted the frequency of READ TO LEAD PUBLISHED FROM:AHMEDABAD, BENGALURU, CHANDIGARH, CHENNAI, HYDERABAD, KOCHI, KOLKATA, LUCKNOW, MUMBAI, NEW DELHI, PUNE ❝ MUMBAI SUNDAY, AUGUST 12, 2018 20 Pages, `10 Aadyam’s fourth season hands over the central role to the audience Page 9 SALE-SHOCKED ■ Demand has been lacklustre during this monsoon season, with almost no growth in sales compared to last year ■ Brands try to give innovative offers along with purchases almost every weekend ■ With online players getting aggressive, retailers see no spurt in sales during EOSS ■ Retailers try to attract customers to showcase their fresh stock while getting rid of old stock by offering mid-season sales purchasesduringEOSS.Ashish Dikshit, managing director, AdityaBirlaFashionandRetail, said their end-of-season-sale that started two weeks in advancethisyearhasremained a no-show.“Market conditions are subdued and demand remains sluggish. We started our EOSS in the first week of June this year, but going forward we are trying to reduce the sale period to improve our margins,”Dikshit said. A senior official from Lifestyle, refusing to be identified,said discounts this year are similar to last year’s, but sales have remained flat. This is mainly because contrary to earlier end-of-season-sale, retailers and brands now offer a mid-season sale. Moreover, brands try to give some innovative offers along with purchases almost every weekend. AnilTalreja,partner, Deloitte, said usually retailers and brands witnessed sales growth of 15%- 20% during end-of-season sales. Continued on Page 11 we will see what else needs to be done,”she added. The Justice Srikrishna committee on data protection, which submitted its report to the government on July27,has saidprivacyhasbecomeaburning issue and, therefore, every effort has to be made to protect data at any cost. The report straddles three aspects — citizens,thestateandtheindustry. On the next course of action for the recommendations made by the high-level panel,Sundararajan said it has gonetothegovernment,which will now examine it.“The government may like to call experts ordo its own consultation.We will knowwhen it will go to the Cabinet,”she said. On the telecom industry’s long-standingdemandforrationalisationoftaxesandlevies,the secretary said DoT has clarified thatit’snotaboutrevenuemaximisation,but revenue optimisation.Thegovernmenthasalso made commitments in the National Digital Communications Policy (NDCP) on revenue rationalisation. Continued on Page 11 FARMER-FRIENDLY Now,warehouses part of e-NAM PRABHUDATTA MISHRA New Delhi, August 11 IN YETANOTHER bid to reform marketing of agricultural produce, the government has decidedtogiveaccreditedwarehouses the status of mandis, which will be linked with the online e-NAM platform to help farmersgetbettermarketaccess and realise higherreturns. The move comes at a time the e-NAM facility is making slowprogress,eveninstateslike Haryanawhere it has picked up more than in otherstates. Theelectronicnationalagriculture market, or e-NAM portal, launched by PM Narendra Modi inApril 2016,is managed by Small Farmers’Agribusiness Consortium,andNagarjunaFertilizers and Chemicals’ iKisan division is the strategic partner to develop, operate and maintain it.“We aim to start a pilot Transactions under e-NAM 2016-17 2017-18 Trade volume (in million tonne) 1.11 crore Trade value Traders registered: 1.14 lakh (` in crore) 5.5 13,274 10.9 project in some warehouses by the end of this month. Nagarjunahasbeenaskedtoselecttwo warehouses where the pilot Farmers registered: 28,255 Average number of bidders per lot: 4.54 schemecanbelaunched,”agovernment official said. Continued on Page 11 CIL Q1 profit up 61% at `3,786 cr FE BUREAU Kolkata, August 11 COALINDIAON Saturdayposted a61.07%jumpinconsolidated netprofitat`3,786.44crorefor the June quarter of 2018-19 financial year.It had reported a net profit of `2,350.78 crore in the same quarter of 2017-18, the state-owned company said in a regulatoryfiling. Net income rose 17% to `25,470.86 crore from `21,774.42 crore in the yearago period.Expenses remained higher at `19,383.99 crore as against `17,837.17 crore in April-June 2017. During the reported quarter, the governmentdivested0.225%stakeby way of placement of shares in 'Bharat22-ETF'.Afterthedivestment, the government holds 78.32% equityin CIL,it said. Coal production stood at 136.85 million tonne (MT) during the quarter, while offtake was 153.47 MT,it added. CIL, which accounts for over 80% of the domestic coal output, has set a production target of 630 MT for 2018-19.
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