OPINION, P10 MIND & GAMES WELL BEING Sengol that must not bend Fashionable conservation FOR THAT HEALTHY MANE Do we have an outright cure for a receding hairline? And what works best—medications, therapies or invasive treatments? Page 9 ACROSS THE AISLE, P CHIDAMBARAM VOL XVIII NO. 0 1 Culturally committed fashion houses keep heritage buildings alive Page 11 WORDS WORTH Follow us on Twitter & Facebook. App available on App Store & Play Store WWW.FINANCIALEXPRESS.COM BLACK &WHITE OF CAPITALISM FINANCIAL EXPRESS ON SUNDAY AHMEDABAD SUNDAY, JUNE 4, 2023, 20 Pages, `10 P U B L I S H E D F R O M : A H M E D A B A D , B E N G A L U R U , C H A N D I G A R H , C H E N N A I , Bernie Sanders’ solutions to social inequality are nothing short of a utopian fantasy Page 4 READ TO LEAD H Y D E R A B A D , K O C H I , K O L K A T A , L U C K N O W , M U M B A I , N E W D E L H I , P U N E ● Massive rescue operation in Balasore ● Modi, Naveen visit injured in hospital ● PM says will not spare those responsible Train tragedy toll now 288, over 1,100 rescued Probe will reveal cause; focus on signal, tracks SUJIT BISOYI Bahanaga (Balasore), June 3 IN ONE OF the largest search- and-rescue operations in recent years, over 2,000 personnel raced against time to make their way through tonnes of steel and find the hundreds trapped in the wreckage of two trains that had crashed Friday evening near Balasore in Odisha. They found 288 bodies,and rescued over 1,100 people. The rescuers included personnel from the NDRF, Army, fire services, ODRAF, IAF, as well as local volunteers. The horrific collision involving the Chennai-bound Coromandel Express, the SMVT Bengaluru-Howrah Express and a goods train took place nearBahanaga Bazarstation around 7 pm on Friday.Of the more than 1,100 rescued, nearly500 are being treated at various hospitals in the state. Odisha’s fire services director general Sudhanshu Sarangi, who monitored the operation, said the investments made bythe state government in upgrading capacity and procuring equipment had paid off in effectively handling the rescue operation. AVISHEK G DASTIDAR New Delhi, June 3 AS IT TURNS the spotlight on Rescue work underway at the site of the accident in Balasore. (Left) PM Narendra Modi takes stock of the situation with railway minister Ashwini Vaishnaw at the site on Saturday PTI PM asks for ‘whole of govt’ approach: Page 2 Hospitals full of patients, staff overworked: Page 2 What is kavach? Page 2 Safety under spotlight: Page2 Continued on Page 20 WHAT'S INSIDE JATIN GROVER New Delhi, June 3 Matters of the mind As much as 10% of India’s population needs care for mental health issues, which extracts its cost across age groups ■ LEISURE, P7 Narratives from the neighbourhood Two films that premiered at Cannes festival—one from Pakistan and the other from Afghanistan—highlight the common people’s fight against societal ills JULY 2011: Around 70 people were killed and over 300 injured when a mail train derailed in Fatehpur Advisory to airlines JUNE 1981: At least 800 were killed when seven rear coaches of a passenger train were blown off the track, and fell into a river during a cyclone FE BUREAU New Delhi, June 3 THE GOVERNMENT ON Saturday advised airlines to monitor any abnormal surge in airfares to and from Bhubaneswar and other airports of Odisha andtakenecessaryaction. Accordingly,the ministry of civil aviation has sent an advisory to airlines on the matter. The ministry also advised airlines that any cancellationandrescheduling of flights due to the train crash may be “done without penal charges”. JULY 1988: An express train left the rails and plunged into a monsoon-swollen lake near in Kerala, killing 106 people VIKRAM CHAUDHARY New Delhi, June 3 350 people were killed when two trains collided 200 km from Delhi Continued on Page 20 OCT 2005: Several coaches of a passenger train derailed in Andhra Pradesh. At least 77 people were killed Railway. There is the Up main line (towards Chennai), the Down main line (towards Howrah),and two loop lines on the two sides. Source: Reuters Continued on Page 20 THE TELECOM REGULATORY Authorityof India (Trai) on Saturday asked telecom operators tofollowadigitalconsentacquisition (DCA) process to seek, maintainandrevokeconsentof subscribers for receiving promotional messages and calls. The telcos have been given time till July 31 to develop a digital consent acquisition facility and start taking user consent from August 1. Users will also be allowed to revoke theirconsentforreceivingpromotional messages and calls from brands and other principal entities. The directions come after the authority noted promotional messages being sent to users without verification of PARTNERSHIP ADVANTAGE IN MAY 2023,Toyota Kirloskar The telcos have been given time till July 31 to develop a digital consent acquisition facility and start taking user consent from August 1 consent. Telcos themselves have not developed any process for seeking consent of users, relying instead on consenttaken byprincipal entities or companies that send commercial messages. “Theconsentdatacollected will be shared on a digital ledger platform (DLT) for scrubbing (verification) by all access providers,”Trai said. Continued on Page 20 Motor (TKM) sold 20,410 cars (domestic sales of 19,379 units andexportsof1,031units)—its highesteverwholesalesinasingle month — registering a growth of 110% over 10,216 carssoldinMay2022.Automotive analysts FE spoke with said TKMwouldn'thavereachedthis milestone without the help of Maruti Suzuki. Consider this: In May 2023, TKM sold 5,010 units of the Glanza(therebadgedversion of Maruti Suzuki Baleno), and 15,400 units of the Urban CruiserHyryder,Innova Crysta, InnovaHycross,Hilux,Fortuner, Legender, Camry and Vellfire (Toyota’s‘own’cars). It’s been five years since Toyota Motor and Suzuki Motor agreed to start discussing new joint projects in the fields of technological development, vehicle production and market development (on May 28, 2018). The same In May 2023, TKM sold 5,010 units of the Glanza (the rebadged version of Maruti Baleno) ■ It sold 15,400 units of the Urban Cruiser Hyryder, Innova Crysta, Innova Hycross, Hilux, Fortuner, Legender, Camry and Vellfire (Toyota’s ‘own’ cars) day they announced mutual supply of vehicles for the Indian market to benefit both TKM (the joint venture between Toyota and Kirloskar Group) and Maruti Suzuki (the Indianarmof Suzuki).Thefirst car under that joint venture was the Glanza (launched on June 6, 2019), and the second was the Urban Cruiser (rebadged Brezza,launched on September 23,2020). WhiletheUrbanCruiserwas NOV 2016: Some 146 people were killed and more than 200 injured when an express train derailed in Uttar Pradesh AUG 1995: At least Trai cracks down on Toyota piggybacks on promo calls,SMS Maruti for record sales ● Telcos told to develop user consent system ■ SPOTLIGHT, P5 what could have led to the derailment of two express trains Friday evening near BalasoreinOdisha,oneoftheworst train tragedies in recent years, theRailwaysissettolookatthe possibility of a signalling error as a prima facie cause, sources have told The Sunday Express. A multi-disciplinary joint inspection note bysupervisors has stated that a green signal was given to the Chennaibound 12841 Coromandel ExpressfromKolkataShalimar topassthroughthedesignated main line, and then the signal was taken off. But the train entered the loop line,rammed into a stationary goods train and derailed,sources said. Meanwhile, on the Down line,theHowrah-bound12864 superfast from SMVT Bengaluru arrived and two of its coaches derailed,sources said. The spot of the crash is a little before Bahanaga Bazar station in Balasore district,which is part of the Kharagpur railway division of South Eastern DEADLIEST RAIL ACCIDENTS IN INDIA ■ The Glanza has been going strong, with sales of 20,280 units in this calendar year (Jan-May 2023) ■ The first car under the JV was the Glanza (launched in 2019), and the second was the Urban Cruiser (rebadged Brezza, launched in 2020) discontinued last year to make wayfortheUrbanCruiserHyryder (which TKM also sells to Maruti Suzuki as the Grand Vitara), the Glanza has been going strong, with sales of 20,280 units in this calendar year (January-May 2023).“The Glanza has been consistently selling about 4,000 units per monthforawhilenow,”anautomotive analyst toldFE. Continued on Page 20 JAN 2017: At least 41 people were killed after several coaches of a passenger train went off the rails in Andhra Pradesh OCT 2018: A commuter train ran through a crowd gathered on the tracks in Amritsar, killing at least 59 people and injuring 57 ‘US won't stand for coercion of allies from China’ US SECRETARY of defence Lloyd Austin vowed on Saturday that Washington would not stand for any “coercion and bullying” of its allies and partners by China, while assuring Beijing that the United States remains committed to maintaining the status quo on Taiwan and would prefer dialogue over conflict, reports AP. ■ PAGE 20 Pakistan govt hikes next fiscal's federal budget PAKISTAN'S COALITION government has decided to throw open its coffers for massive public spending during the next financial year, finally giving the strongest signal to hold the general elections on time this year, according to a media report on Saturday, reports PTI. ■ PAGE 20 In generative AI's moment, prompting basking in its glory ● Framing that perfect prompt is serious business, spawning a universe of prompting tools SHUBHANGI SHAH New Delhi, June 3 WHENANDREJ KARPATHY,the former head of AI at Tesla who nowworksforOpenAI,tweeted “thehottestnewprogramming language is English” a few months back,itwas prescience at its best. With AI platforms like ChatGPTall the rage,knowing how to optimise responses is the next big challenge,resulting in a whole new universe where it’s all about phrasing that perfect prompt. One can saythat if generativeAI is having its moment of glory, so is prompting. Ahostofplatformsandfeatures promise that perfect prompt, vacancies are being advertised for prompt experts, there are prompt marketplaces,promptengineeringisa buzzword of sorts, and online courses abound on how to become one. As Google CEO Sunder Pichai said at the company’s recent I/O 2023 event,“While AI is having a very busy year, it boils down to the prompts given to theAI chatbots,image and video generation tools.” Google introduced a feature called Sidekick at the event for exactly this purpose. THE BUSINESS OF PROMPTING ■ PromptBase is a prompt marketplace where you can not only find prompts, but sell them too ■ Google recently introduced a feature called Sidekick, offering prompts based on the Workspace doc a user is working on ■ A course where one can 'enroll for free' is available on Coursera, for which over 19,746 people are already enrolled ■ PromptPerfect, ■ Online learning platform launched in February, is meant to 'elevate your prompts to perfection' for tools like ChatGPT, GPT-4, Claude, DALL-E 2, & Stable Diffusion Putting the right prompt “can be daunting for many of us to even knowwhere to start.Well, what if we can solve that for you,” Aparna Pappu, Google’s ILLUSTRATION: ROHNIT PHORE VP of engineering, said at the event.Sidekick offers prompts based on the Workspace doc a user is working on. The live demonstration Pappu offered Udemy, too, hosts a number of such courses, one of which is 15-hourlong, with over 13,000 students enrolled. was that of a children’s storyin progress, where Sidekick offeredpromptsonwhatcould happen next. There are several prompt generators available online. Launched in late February this year, PromptPerfect is one of them, meant to “elevate your promptstoperfection”fortools like ChatGPT, GPT-4, Claude, DALL-E2,andStableDiffusion. The tool has so far helped “94,335usersmake2,095,413 better prompts. That is 909 prompts per hour,” as per the company’swebsite.Othersimilar prompt generator platforms include AI Text Prompt Generator for image generation tools like Midjourney and Stable Diffusion, PromptoMania,PromptBase,etc. PromptBase is a prompt marketplacewhereyoucannot only find prompts, but sell them too. “You can sell your ownpromptsandstartearning fromyourpromptengineering skills,” the website says. Notably,$2.99istheminimum atwhichpromptsaresellingon the platform. A sum of $280,000$375,000 is what you can expect to earn if hired as a promptengineer,asadvertised by California-based AI startup Anthropic. Although a new ‘field’,abriefscrollonLinkedIn can reveal the interest to hire for such a role. “With any technological innovationscomestheneedfor skilledprofessionals.AIprompt engineers have become one such necessity with an increased focus on generative AI.Many companies,including in India and globally, have started offering jobs to prompt engineers to design precise instructionsforAIchatbotsand carry out tasks like generating code suggestions, identifying coding errors, improving codingperformance,troubleshooting and debugging code,” said Prashanth Kaddi, partner, consulting at Deloitte India. Continued on Page 20 Ahmedabad
The Financial Express (FE) is a business paper that’s closest to the people who are in the business of business. From business policies to market trends to new developments, The Financial Express comes packed with incisive news on every relevant issue.