Friday, August 30, 2013

Mark Zuckerberg: Why we need Internet.org

Mark Zuckerberg says the idea of Internet.org took root in conversations with other companies about the common goal of making Internet access available to everyone in the world. Photo: Reuters
Mark Zuckerberg says the idea of Internet.org took root in conversations with other companies about the common goal of making Internet access available to everyone in the world. Photo: Reuters
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Updated: Mon, Aug 26 2013. 03 10 PM IST
Bangalore: Mark Zuckerberg, the founder of Facebook Inc. who turned 29 in May this year, has found another mission in life. He wants the next five billion people to be connected on the Internet, most of whom will be on Facebook too. In a phone interview from Palo Alto, California, his first conversation with an Indian publication, Zuckerberg spoke about Internet.org, the challenges it faces and the things he learnt from building Facebook. Edited excerpts:
You have added another life mission by announcing Internet.org. How much of it is about getting the world connected and helping Facebook itself?
You know, we have been on this mission to make the world more open, connected and for a while we have had this valiant cry at the company where we are really excited at connecting a billion people. And when we got close to doing that we realized that our real goal wasn’t just connecting a billion people but really try and connect the whole world. But there are big obstacles in doing that, which is that a vast majority of people in the world don’t have access to the Internet.
So we started analysing this problem, figuring out how we could fix this and actually create a backbone for many things, including access to information, access to information about healthcare, education, jobs, and just so many good things. And it became clear that this is a solvable problem but no company or government can do it all by themselves. We have to work together across companies and different industries. And that’s how Internet.org got started, by having conversations with many other companies about this common goal to have Internet access available to everyone in the world.
Some of the sceptics of this Internet-for-all approach, including Microsoft Corp. founder Bill Gates, say that there are far greater challenges facing people, especially in the developing world.
So I am not the first to acknowledge that there are more basic needs than the Internet. Someone who does not have food or water, for them those are more basic things. But for people who have those things, and have a phone, they may not have an access to the Internet. Can we create a way for them to connect with the global economy?
One of the things I think is really unfair about the world today is that the richest 500 million people have way more money than the next six billion people combined. I think that in the next few decades, I hope that would change. One of the ways of achieving this is by giving everybody access to the Internet so all have access to same information, a lot of the same opportunities, the same ability to share what they think and speak freely. So, I think once you get past very basic needs, access to the Internet is really important for development of people and countries.
What role do you see countries like India play in this project? There are challenges of government regulations, insufficient infrastructure.
India is a really big opportunity if we can achieve something like this. My understanding is that there are only a 100 million people, may be a bit more, who have broadband Internet access out of the population of a billion or more. And a way more people have phones but a lot of them have no access to the Internet on their phones. We want to work with the mobile operators there and people who are selling phones like Nokia, Samsung, who are partners of the Internet.org. And in order to make the economics work, these people who could not afford Internet access before will now be going to have some Internet access.
But it’s not like we are going to do it all by ourselves, we have to work with all these companies in order to make this work.
In a country like India, local languages also play a role.
Yeah, I think so. We have taken a pretty different approach towards transliterating our services in different languages. Most companies are trying to transliterate their services themselves. Instead, we built a tool where people who use Facebook can transliterate each string of text into whatever language they want, and other people can vote on which transliteration is the best. So the community is actually transliterating themselves, and by doing this we have been able to transliterate into way more languages than most services are offered in.
So I think that language is definitely a huge barrier, you can’t use a computing device if you don’t understand the languages it interfaces in. It’s been a big focus for us and we have taken a pretty innovative approach in solving that.
With 82 million monthly active Facebook users in India and a comparatively small Internet subscriber base, we have a long road ahead.
What else can India do?
Governments should promote infrastructure-sharing and network efficiency through measures such as licensing of white space spectrum, reallocation of excess spectrum. These reforms are necessary to promote universal access, which is a stated goal of the government of India.
There are some unanswered questions in your vision document for the Internet.org. Who is going to build that infrastructure, who funds it? Have you thought through some of these aspects?
Yeah, it’s not just one company, it’s not even just one kind of company. So, mobile operators will build out a lot of it. And then there are going to be companies like Qualcomm, for example, which is another of the founders of Internet.org. You know right now there is inefficiency where a cell tower broadcasting signal does not go through walls very well, you may be in a building and the packets of data are sent multiple times, all wasteful. Companies like Qualcomm are building technology that strengthens the networks. So, that’s obviously a big deal.
Mobile phone manufacturers like Nokia and Samsung are building hardware that’s cheap enough so everyone can afford it, that’s also a part of it.
Facebook develops hardware and it helps design hardware that we can put in carrier data centres that cache data better and even that can be much more efficient for people. We founded the Open Compute project, under which we work with a lot of other companies in the industry to create reference designs for servers, network switches, and all of other pieces that make other global network infrastructures that run the Internet a lot more efficient. So there are lot of things we do, not just one company and it’s not just in one country. I mean if you take the aggregate from across all these companies, a lot of progress is being made. It’s possible that over the next five or 10 years we can have 100 times more efficient networks than we have now.
You say this Internet.org project cannot be done by one company, and rightly so. But Google is still not part of this alliance. Have you reached out to them?
Well, we have talked to them and I think that they are thinking about it.
You know, as a company, Facebook has always been more oriented towards partnerships. There are some companies that just want to do lot of stuff themselves and our view on this is that no one company can solve this problem by themselves. We are going to have to work with other folks to do that and there will be some innovation we can do by ourselves.
What have you learnt from the first billion users, and how do you build Facebook that lasts for decades?
As more and more people use Facebook, I think what we learn is that we are getting into folks who are less familiar with technology. Earlier, users were people in college who grew up with computers and used them all the time, were really adept with technology. Now we are getting into people who may have got the Internet recently or got their first computer, first smart phone.
What you learn is basically you are trying to make it simpler and simpler and it’s hard to take things for granted. The things that we take for granted, a lot of people are not even familiar with. For example, we sent our product managers around the world to talk to people who are not on the Internet yet and to serve them Facebook and get their reaction. One of the things I found fascinating was a lot of folks who had not used the Internet before never knew how fast it worked because they had never used it. For them, it’s a foreign concept.
Basically, the farther out you get in terms of connecting the world, the simpler and simpler you have to make your service in order to make it work for all these people.
How would you visualise Facebook in the next 10, 20, 30 years? What is your vision?
Well, there are a few parts to what we are trying to do. The mission is to make this world more open and connected. In terms of connected, we want to go from one billion connected to the next five billion connected. I don’t know how long that will take, and it might be a lot harder than the first billion, but that’s what we are focused on. That’s what Internet.org is all about.
We also focus on making it all a lot more open so people share more things. When you have opinions with friends, other people you respect and you can see them, what they are up to through News Feed, pictures or Graph Search that we are working on... I think that will create a much better world. You have much more information about what’s going on in the community and you learn more and more things from the people you trust.
That’s important in terms of mapping out all information in the world that’s going to be relevant to you—a big focus for us.
We are also focused on making the economy work better. We built our business on ad products. When we are building product for businesses, we are not thinking only about making money, we are thinking about how can we help aspiring entrepreneurs create their companies, create jobs, how can we help e-commerce companies sell more.
We are really proud of the contribution we make there. That’s what we are focused on over 5-10 years.
A lot of bright engineers and professionals in India and other countries are looking at the US immigration developments and are wondering if it’s becoming protectionist. What would you tell them?
Well, it’s a complicated problem and there are lots of different parts of it. There are folks who are part of tech companies, who are really worried if they can bring talented engineers to their companies, that’s a big issue. There’s also a lot of focus on those have come to the country and have overstayed their visas, and there are 11 million undocumented folks in the US. We need to find a fair way of doing something with these people.
So, it’s a really complicated and a very charged issue, and there are people on all sides of the spectrum here. I think there is lot of will in trying to get something done. What we are trying to do with Fwd.us is to support people who are trying really hard to get things done in the (US) Congress.
For the people who are trying hard, we are there to support them and hopefully they can get it (comprehensive immigration reform) done.
What would you tell Indian start-ups and entrepreneurs who are looking at companies such as yours and trying to build firms?
I think it’s what you want to do to stay on in the world. And chances are that if there’s something you really want to build and others want it too, that’s always a good place to start.


Rahul kumar Gupta,PGDM

Sunday, August 25, 2013

Microsoft CEO Steve Ballmer to Retire. What Happens Next Won't Be Pretty


Steve Ballmer
Photograph by Frederic J. Brown AFP via Getty Images
Steve Ballmer
It’s during the doldrums of August that companies often like to let out their most shocking news, and Microsoft (MSFT) did just that on Friday. The company disclosed that Chief Executive Officer Steve Ballmer will retire within the next year. A special committee that includes Microsoft co-founder Bill Gates will choose Ballmer’s replacement. Let the games begin!

Ranjay kumar
PGDM

US Scientists Created the Most Precise Clock of the World:-


        The scientists from the National Institute of Standards and Technology revealed in the third week of August 2013 that they created the most precise clock of the world. The ticking rate of this clock varies less than two parts in one quintillion, or ten times better than any clock in the world.


Features of the most precise clock of the world:


• The clock is made up of the element ytterbium. This element can be used for technological advancements beyond the timekeeping. 

• The clock can be used for various purposes such as checking temperature, navigation systems as       well as magnetic fields. 

• The co-author of the study which revealed the clock, Andrew Ludlow explained that the stability of this ytterbium lattice clock paves way for other practical applications of high-performance timekeeping.

 

Mechanism of the clock:


The mechanical clocks make use of the pendulum movement in order to keep the time. The atomic clocks, on the other hand, make use of an electromagnetic signal of light which is emitted at exact frequency, which in turn moves the electrons in cesium atoms.

The scientists built the ytterbium clocks by making use of around 10000 rare-earth atoms which were cooled to 10 microkelvin (10 millionths of a degree above absolute zero). These atoms were then trapped in the optical lattice made out of laser light.

Yet another laser ticks 518 trillion times per second and triggers the transition between two energy levels in the atoms. The higher level of stability and precision of the clock is because of the presence of larger numbers of atoms. 

In order to extract best performance of any clock, the technicians need to average the current US civilian time standard, the NIST-F1 cesium fountain clock, for about 400,000 seconds (about five days). However, in case of ytterbium clocks, the same result can be achieved in around one second of averaging time. 

 

GAURI KESARWANI.

PGDM 1st-sem.
 

BJP shifts stance on Telangana

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BJP shifts stance on Telangana
"There are certain issues which need to be urgently tackled. As a national party, we have to take care of interests of the people of all regions. Still, we demand the government to move the Telangana bill in Parliament," veteran Rajya Sabha member M Venkaiah Naidu said.




HYDERABAD: United Andhra protagonists may take heart: the Bharatiya Janata Party will not support the Telangana Bill unless concerns of Seemandhra people are addressed, a move that could delay the formation of the new state.

With BJP voicing Seemandhra concerns openly, the Congress, which was to place a comprehensive cabinet note containing substantive and procedural issues for formation of Telangana, is suddenly unsure of unstinted support from the main opposition on the issue.

"There are certain issues which need to be urgently tackled. As a national party, we have to take care of interests of the people of all regions. Still, we demand the government to move the Telangana bill in Parliament," veteran Rajya Sabha member M Venkaiah Naidu told TOI, while accusing the Congress of mishandling the whole issue.

The nuance in the BJP's stand follows Gujarat chief minister Narendra Modi's recent visit to Hyderabad, said some analysts. They said this was to balance K Chandrasekhar Rao-led Telangana Rashtra Samithi and the Congress which are expected to sweep Telangana in the upcoming polls.

The BJP has criticized the government for failing to quell the increasing resentment in Seemandhra, and they say it is the duty of the government to address the concerns of people from the roiled region and see if their fears are real or perceived.

Earlier this week, the leader of the Opposition in the Lok Sabha, Sushma Swaraj, had said that the people in bifurcated states under the NDA regime in 2000 were all distributing sweets, highlighting the failure of the Congress to gauge the anger among people in coastal Andhra and Rayalaseema.

The BJP, although committed to the cause of Telangana, is not ready to support the Bill based on its old Kakinada "one-vote-two-states" resolution, saying the Congress has mishandled the issue and triggered discontent among people.

The Congress high command has also sensed the BJP mood, sources within the Congress admit, saying it was trying to find ways to resolve the crisis.

While BJP spokesperson Nirmala Seetharaman denied the BJP has set any condition on the Bill, Swaraj told the reporters in Delhi that Congress was 'playing games' and there was uncertainty in Andhra and disbelief in Telangana.

"We demand that the Congress bring the Telangana Bill in the extended monsoon session," she added.
 
Rahul kumar Gupta
PGDM

Developers’ hard sell to attract NRI investment

Though NRI enquiries for buying property has risen by about 15 to 20 per cent in the period April to July they are not translating into sales. This has resulted in the developer community hard selling with several freebies thrown in to attract this community.
With the fall in Rupee value the number of enquiries from NRIs saw a marked increase in the period March to June 2013. Krishnappa Arjun Kamath, Proprietor, Anirudha Realties Consultant, whose clients include several NRIs recorded an increase of about 70 calls in the period May-June alone, a far cry from the 20 odd calls they used to get previously over a 2 month period. But over a month later none of them have translated into a sale.
“Though several of these enquiries progressed steadily, a cross section of micro market rates were asked for, and some even negotiated with us for better pricing, they have all gone almost cold since. This is in direct contrast to the trend we have observed in the past. NRIs normally are quick decision makers and once they decide on the City, in a matter of a month they send in the booking amount,” states Kamath.
                           
                                                                                                                Prashant Sharma
                                                                                                                PGDM (2013-14)

India's economic downturn leaves middle classes fearing the worst:-

Price rises, the falling rupee and a huge balance of payments deficit have prompted predictions of a full-blown economic crisis
Sarangi player Ghulam Ali
Freelance workers such as the sarangi player Ghulam Ali have been particularly hard-hit by India's economic downturn. Photograph: Maseeh Rahman for the Guardian

In a small house in the Indian capital, a musician was doing the maths. During the good months, when his deft accompaniments to classical or popular vocalists are in demand, sarangi player Ghulam Ali can make as much as R50,000 (£500). The problem for Ali is that he's not sure there will be many good months in the near future.
"Those like us without a regular monthly income are the worst hit," he said, referring to the sudden downturn in the Indian economy that has analysts whispering about a possible full-blown crisis. "For a musician, it means fewer concerts even as everything has become more expensive – food, transport, electricity, cooking gas, even foreign travel. We artists like to eat and dress well, so for my family it means fewer outings, less money for the children's education, fewer acquisitions. No question now, for instance, of buying a computer for my kids."
Ali and his wife, Rozitaskeen, have two daughters and a son, aged 12, 10 and six, and they share a small house with Ali's three younger brothers, their families and his parents. The family is fairly typically middle class, but as a freelance musician Ali also belongs to the overwhelming majority of Indians (estimated at three-quarters of the working-age population) who do not have steady, full-time employment.
These people are the most vulnerable as India flirts with its biggest financial wobble for perhaps 20 years. Not since economic liberalisation unleashed private enterprise in the 1990s has there been such concern.
After the 2008 world economic crisis India recorded 9% GDP growth for at least two years but in recent weeks the rupee has tumbled, losing a sixth of its value against the dollar this month alone. Share prices have fallen, commodity prices are rising, investment is stalling, growth is slowing, and the government is staring at a huge balance of payments deficit. A sense of impending doom is building. Compounding the fears are signs that other emerging economies in Asia are also vulnerable, drawing inevitable questions as to whether this could turn into a repeat of the 1997 Asian financial crisis.
"It is a crisis," said economist Jayati Ghosh. "This is the big one. But it has been building up for a while due to many reasons: the growing current account deficit, the industrial slowdown, the lack of infrastructure development, the negative investment in the economy."
She sees the crisis as evidence that "the model of development which focuses only on GDP growth" has run its course. What is needed now is "wage and employment-led growth".
Other experts trace the problem to the failure of Manmohan Singh's government to push through structural reforms that could boost growth. The ruling Congress party's emphasis on huge government subsidy schemes, such as jobs for the rural poor, has added to an already high fiscal deficit.
"Just trying to accelerate growth from the present low level [annual GDP growth is now down to 5%] will help the economy," said economist Surjit Bhalla.
India imports much more than it exports, and so the current account deficit is at an unsustainable 4.8% of GDP. Until it is brought down, there can be very little hope of reviving investor confidence in the economy.
Gold has played an important role in skewing the trade deficit. A century ago, the economist John Maynard Keynes wrote that India's irrational love for gold was "ruinous to her economic development", and the obsession still runs deep. India's annual production of gold is barely 10 tonnes, so last year it imported 860 tonnes, which were made into jewellery or stored as coins and bars in family safes.
The government is now trying to stem the hunger for gold by increasing import duties. This has revived gold smuggling, a menace which in the 1960s led to the creation of the Mumbai underworld.
Jewellers are pushing for a more imaginative solution. It is estimated that households and Hindu temples are hoarding around 25,000 tonnes of gold bars and coins. Jewellers are lobbying government to implement a scheme that could unearth 10% of the treasure.
"It will meet the demand for jewellery for the next three years," said Vikas Chudasama, the secretary general of the All India Gems and Jewellery Association.
Economists and corporate bigwigs hope Singh's government comes up with other such solutions for resolving the economic crisis. The finance minister, Palaniappan Chidambaram, has tried to revive confidence by promising action, but major reforms have yet to be announced.
On the upside, this year's monsoon will lead to bumper agricultural production, and the cheaper rupee also comes with a thick silver lining. There will a surge in exports, especially in sectors such as information technology and pharmaceuticals, where India is a strong performer.
There is growing anxiety about the future, but India's middle class may not have lost faith yet in the possibility of economic regeneration. "I cannot see things improving soon," Ali said. "But I feel good days will come again."

AKANKSHA SHANU 
PGDM 1 sem.


CBI didn’t want to call Anil, Tina as witnesses: Director
NEW DELHI: The decision to make Anil and Tina Ambani witnesses in the 2G spectrum scam trial was not taken by the CBI but by special public prosecutor U U Lalit, who was appointed by the Supreme Court, CBI director Ranjit Sinha told TOI.

The CBI chief said Lalit had given an application to make the couple witnesses along with 15 others. "The decision to make Anil and Tina Ambani prosecution witnesses in the 2G case was not taken by us (investigating team). It was taken by the special public prosecutor," Sinha said. CBI says the evidence is well documented in the 2G case and the statements will have no bearing on the outcome.

CBI had, in fact, never questioned Tina Ambani and its officials had claimed last year that they did not require the couple in the case. Anil Ambani was once examined by CBI but later, the agency said he was not needed for testimony. The development was first reported by TOI in June when the application was moved in court to make them witnesses.

According to sources, the special public prosecutor is within his rights to add somebody as witness in a particular case and he does not need to consult the investigating team.

Appearing before special CBI judge O P Saini who is hearing the 2G case, Anil Ambani had on Thursday resiled from his statement made during the probe in February 2011. In case of Tina, CBI claimed she was "deliberately withholding facts" which the judge found was "adverse" to the prosecution.

The 54-year-old corporate baron, during his deposition on August 22, recalled that he had visited CBI in February 2011 but did not hand over any note to the CBI officer. "I do not recall" was Ambani's stock reply to most of the questions put up by the prosecution.

He also said he did not have knowledge about various firms — AAA Consultancy Services (P) Limited, ADAE Ventures (P) Limited, Parrot Consultants (P) Limited, Tiger Traders (P) Limited, Zebra Consultants (P) Limited, Swan Telecom (P) Limited and Swan Consultants (P) Limited — which were alleged to be associate companies of Reliance ADAG.

A day later, Tina denied having any knowledge about company affairs or about Reliance ADAG's top executives Surendra Pipara and Hari Nair and the group's managing director Gautam Doshi, who are facing trial. Tina also denied that she knew "everything" about the six companies, which are said to be associate firms of Reliance ADAG. During her deposition, Tina told the court that she had "no role" in the running of Reliance ADAG as she was "a housewife, runs a hospital and does a lot of social work".
MD NAUSHAD ALAM
PGDM 1 SEM.

RBI announced auction of two 48-days Government of India Cash Management Bills

The Reserve Bank of India on 23 August 2013 announced the auction of two 48-days Government of India Cash Management Bills. As per the notification issued by the Reserve Bank of India, the auctions will be conducted using Multiple Price Auction method.
The Reserve Bank has also cleared that the competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber). Result of the auctions will be announced on the same day.

The Cash Management Bills will have the generic character of Treasury Bills and their sale will be subject to the terms and conditions specified in the General Notification No. F.2 (12)-W&M/97 dated 31 March 1998 issued by Government of India and as amended from time to time.
Details of the Cash Management Bills (CMBs) are given below:

Auction Date
Settlement/Issue Date
Date of Maturity
Notified Amount
1
26 August 2013
27August 2013
14 October 2013
11000 crore
2
27 August 2013
28 August 2013
15 October 2013
11000 crore



Total
22000 crore
Cash Management Bills (CMBs)

The Government of India, in consultation with the RBI, took a decision of issuing Cash Management Bills (as a short-term instrument). The CMBs allow the Central Bank to meet the temporary cash flow mismatches of the Government of India. CMBs in India is a non-standard, discounted instruments that is issued for maturities less of less than 91 days and are regarded as the generic character of Treasury Bills.

CMB is a flexible instrument for a Central Bank as it is issued at times of requirement. It allows the Central Bank to have lower cash balances and issue fewer long-term notes. CMBs tend to pay higher yields than bills with fixed maturities, but their shorter maturities lead to lower overall interest expense.

ONIKA JAISWAL
PGDM IST YEAR, 2013-15 BATCH