Member of PCI (Govt. of India)
(Regd. Under Indian Govt.) RNI No. MPBIL/ 2008/ 24120
NEWS ISBN 81-924811-1-5
A Voice of IT People
ALL INDIA IT ASSOCIATION (NEW DELHI) facebook/aiitanews twitter/aiitanews
Year-8 Vol.-6 | 10 September 2014
E-mail : info@aiita.org | Website : www.aiita.org | www.alma.asia
PRESIDENT VIEW
Santosh Shukla, Advocate president@aiita.org
Nothing Just Happens! Nothing Just Happens Creflo Dollar always says "nothing just happens!" Everything happens because something caused it to happen. The law of cause and effect not only applies to success, but equally applies to failure. What Dr Moses says is that most of you would agree that such statements make sense when it comes to prosperity and success. But would you agree that cause and effect apply to poverty and failure as well? What I mean is that it is generally accepted that if you are rich then you must have worked very hard to get rich. You must have done something special or extraordinary in order to acquire your wealth. However, if you are a failure it is generally thought that you did not do anything, but simply happened to find yourself in that situation. Failure seems to be accepted as default circumstances in people's lives. But I dare say that the person that is a failure also did something extraordinary or special to be in that situation. They worked very hard at becoming and remaining failures. It takes effort to be successful. You have to dream of success, see yourself a success, plan, work on your plans every day, overcome obstacles, keep yourself motivated in the face of temporary defeat and not fold your hands to opportunities. Similarly, it takes effort to be and remain a failure. You have to dream of failure, see yourself a failure, not plan, avoid working on anything worthwhile every day, give in to temporary defeat and fold your hands to opportunities.
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Japan and India vow to boost defence ties during summit nations. Japanese Prime Minister Shinzo Abe and his Indian counterpart Narendra Modi also agreed to speed up talks on a so-far elusive deal on nuclear energy cooperation, welcoming what they called "significant progress" in the negotiations. "From this day on, Prime Minister Modi and I will work hand-in-hand to dramatically strengthen relations in every field and elevate ties to a special, strategic global partnership," Abe told a joint media event after a summit with Modi. They also agreed to accelerate talks on the possible sale of an amphibious aircraft to India's navy - likely to become Japan's first overseas military sale in nearly 50 years and a result of Abe's more muscular approach to defence in the face of an assertive China. Modi, on his first major foreign visit since a landslide election win in May, arrived on Saturday for a five-day trip aimed at capitalising on his personal affinity with Abe to bolster security and business ties. "We intend to give a new thrust and direction to our defence cooperation, including collaboration in defence technology and equipment, given our shared interest in peace and stability and maritime security," Modi said. In a sign of their warmth, the two leaders greeted each other with a bear hug TOKYO: Japan and India agreed to strengthen defence ties as Asia's when they met on Saturday in Japan's ancient capital of Kyoto for an second and third biggest economies keep a wary eye on a rising China, with informal dinner. Modi is one of three people that Abe follows on Twitter, Prime Minister Narendra Modi lashing out at the "expansionism" of some while the Indian leader admires Abe's brand of nationalist politics.
Swiss economy most competitive Don't mess with nuclear Russia, once again; EU, U.S., Japan improve President Vladimir Putin says GENEVA: The European Union is becoming more competitive but Switzerland, Singapore and the United States are the three economies to beat, an annual survey by the World Economic Forum said. The Global Competitiveness Report published by the Genevab a s e d b o d y, which is most famous for gathering politicians and billionaires for an annual exchange of views at the Alpine resort of Davos, showed the same 10 countries filling the top 10 spots for at least the third year running. Switzerland's slick e f f i c i e n c y, i n n o v a t i o n a n d macroeconomic stability kept it on top for a sixth year in a row, although it was marked down for the difficulty of finding qualified workers. "A potential threat to Switzerland's competitive edge might be the
increasing difficulties faced by businesses and research institutions in finding the talent they need to preserve their outstanding capacity to innovate," the report said. The United States muscled into third place ahead of Finland and Germany, while J a p a n leapfrogged Hong Kong and the Netherlands to take sixth spot. EU states such as R o m a n i a , Portugal and Latvia were among those rising up the ranks of competitiveness. Greece, which is still bringing up the rear for the EU, in 81st place globally, jumped 10 places up the rankings from 91st last year. Greece was helped by improvements in its goods and labour markets and a sharply reduced budget deficit, which improved the outlook despite still very high levels of government debt.
LAKE SELIGER: President Vladimir Putin said on Friday Russia's armed forces, backed by its nuclear arsenal, were ready to meet any aggression, declaring at a pro-Kremlin youth camp that foreign states should understand: "It's best not to mess with us." Putin told the assembly, on the banks of a lake near Moscow, the Russian takeover of Crimea in March was essential to save a largely Russian-speaking population from Ukrainian government violence. He said continued fighting in eastern Ukraine, where pro-Russian separatists launched an uprising in April, was the result of a refusal by Kiev to negotiate. Ukraine, and Western governments, accuse Russia of sending troops and armour to back the separatists in a conflict that has already killed over 2,000 people. Russia denies the charge. "Russia is far from being involved in any large-scale conflicts," he said at the camp on the banks of Lake Seliger. "We don't want that and don't plan on it. But naturally, we should always be ready to repel any aggression towards Russia. "Russia's partners...should understand it's best not to mess with us," said Putin, dressed casually in a grey sweater and light blue jeans.
India to tighten up banking risk management - Jaitley NEW DELHI: Finance Minister Arun Jaitley said t h a t t h e government was working to tighten u p r i s k management in the banking sector, responding to recent scandals that have raised doubts about lending practices at state banks. Jaitley did not name any bank, but his comments followed the launch of an investigation into whether the head of state-controlled Syndicate Bank took bribes to roll over a loan to family-controlled Bhushan Steel. "Some recent instances have been disturbing," Jaitley told a banking audience in New Delhi. "I would only hope that they are a drop in the ocean and we have all learnt the
lessons from such incidents, and there will be no repetition of them." The investigation into Syndicate Bank has raised broader concerns about weak oversight, corruption and politically directed lending at India's dominant state banks, which are weighed down by bad loans. In his maiden budget last month, Jaitley said state banks would need $40 billion in fresh capital by 2018 to meet international capital adequacy standards. Much of this cash is expected to be raised on financial markets. The Central Bureau of Investigation has arrested the chairman of Syndicate Bank and is questioning the head of Bhushan Steel, which owes $6 billion and was this week put under tighter scrutiny by its creditors.The companies and their heads all deny wrongdoing.
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