Tuesday, March 5, 2019

YourStory features PRAGATI 2019

Thanks to YourStory for featuring our event PRAGATI 

2019 on their page! 

Source: https://events.yourstory.com/partners/pragati-2019


The YourStory Team brings you stories of entrepreneurs and change-makers, funding analyses, resource pieces and the first glimpse of emerging trends from India’s entrepreneurial ecosystem, as well as profiles of great businesses and entrepreneurs from all over the world.

Univs should be at least 20 years old to get deemed status: UGC

Main Edition Mumbai (Pg 8) : Univs should be at least 20 years old to get deemed status: UGC
Source: Daily News and Analysis dated 5 March, 2019

PRAGATI 2019: The National Technical Innovation and Business Plan Competition at SFIT

No photo description available.


How Does the Blockchain Work? Blockchain technology explained in simple words

Blockchain technology is probably the best invention since the internet itself. It allows value exchange without the need for trust or a central authority. Imagine you and I bet $50 on tomorrow’s weather in San Francisco. I bet it will be sunny, you that it will rain. Today we have three options to manage this transaction:
  1. We can trust each other. Rainy or sunny, the loser will give $50 to the winner. If we are friends, this could be a good way of managing it. However, friends or strangers, one can easily not pay the other.
  1. We can turn the bet into a contract. With a contract in place both parties will be more prone to pay. However, should either of the two decide not to pay, the winner will have to pay additional money to cover legal expenses and the court case might take a long time. Especially for a small amount of cash, this doesn’t seem like the optimal way to manage the transaction.
  1. We can involve a neutral third party. Each of us gives $50 to a third party, who will give the total amount to the winner. But hey, she could also run away with all our money. So we end up with one of the first two options:trust or contract.


Neither trust nor contract is an optimal solution: We can’t trust strangers, and enforcing a contract requires time and money. The blockchain technology is interesting because it offers us a third option which is secure, quick, and cheap.
To read the full article, please visit:

Monday, March 4, 2019

Legends of Artificial Intelligence (Marathi)

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Source: Loksatta dated 4 March 2019

Skills needed for future job market

India finds itself at a unique advantage when compared to other nations due to its young population. However, a young population is both an opportunity as well as a problem depending on how the advantage is utilised to boost the economy. The rapidly growing population indicates the urgent need for skill development in order to enable the growing population to have meaningful employment. An education that places an emphasis on imparting skills over rote learning and memorisation is necessary to ensure that the youth are gainfully employed.
For India to maintain its stature of being the largest provider of skilled programmers and technologists, we will have to ensure that its populace is skilled accordingly so as to remain competitive in the global arena. What follows are five important skills that will continue to be in high demand in the Indian job market in the years to come.

CODING
Coding or programming in languages such as Javascript or Python has consistently been a skill that is in high demand. Many companies in the past few years have produced both hardware and software that feature augmented reality and machine learning. Individuals who possess the skills required to create, design and refine applications that make the most of these technologies and application programming interfaces, will be able to consistently secure rewarding employment.


MACHINE LEARNING
Machine learning (ML) being a branch of Artificial Intelligence (AI), has proved itself to be one of the most important technological developments in the last few years as it facilitates algorithms and programes to continually learn and improve their efficiency with time. Individuals possessing a sound understanding of machine learning will ensure that they become integral components of both emerging and established corporations.

MOBILE DEVELOPMENT
Companies are constantly in need of mobile applications that make their product or service accessible to the growing target audience. An exciting direction in which mobile applications are currently headed in is integrating technologies such as augmented reality like Pokémon Go. Applications such as these blend elements from the environment around users making the content appearing on screen more engaging.

SEO/SEM
Companies are constantly on the lookout for individuals with digital marketing skills in order to be able to better their presence and visibility across the internet. This skill has an obvious advantage as greater exposure to users across the internet would result in more customers and thus revenue.

CYBER-SECURITY SPECIALISTS
It is no surprise that cybersecurity and information security are one of the highest paying and most wanted skillsets. Ransomware attacks such as WannaCry along with hardware vulnerabilities that were exhibited in MeltdownandSpectrehave become the new norm in modern society. As the world continues its reliance on outsourcing services such as cloud computing providers, coupled with internal networks that are vulnerable, the need for businesses to staff a skilled security team is of utmost importance.
These emerging skillsets will be evolving at an exponential pace and wrapping one’s head around them to stay ahead of the curve is essential. A young population can only become an asset if sufficient job opportunities are created and the youth is skilled enough to meet the aspirations of the populace.
The government has struck the right cords with ‘Skill India’ and ‘Make in India’ as well as providing the policy framework under ‘Ease of Doing Business’. However, a lot more needs to be done if we are to fully utilise youth potential. With focus on acquiring the required skillsets, the possibilities that lie before a youthful India are unlimited.
(The author is founder of Indian Institute of Digital Education)

Source: The Time of India dated March 4, 2019

Centre plans to colour code generic medicines

In a move to promote low-cost generic medicines, the government plans to colour code such drugs to enable consumers to differentiate between generic medicines and other drugs and take an informed decision while purchasing them from chemists. Apart from colour coding, the government is also considering use of symbols to make generic medicines easily identifiable.

The proposal to colour code generic medicines was discussed at a recent Drugs Consultative Committee meeting. The coding system is likely to be similar to that used in food products to differentiate between vegetarian and non-vegetarian food. The government is expected to soon draw a detailed proposal on the matter, which will be put out for stakeholder consultations.Of late, the health ministry has taken various measures to encourage the sale of generic medicines over branded ones. For instance, it has made it mandatory for pharmacies to have separate shelves for displaying generic drugs and asked doctors to prescribe drugs by generic names in legible handwriting. The drug regulator has also asked companies to print generic names on their labels in a font which is two font sizes larger than the brand name. The government is also strengthening the backend supply chain to promote Jan Aushadhi stores, which sells only generic drugs. At present, there are over 3,000 such stores across the country.

Estimates show that more than 70% of the Rs 1 lakh crore local pharmaceutical market is dominated by branded generics, whereas patented medicines constitute around 9%.
Last year, the Competition Commission of India (CCI) had raised concern about the high trade margins included in prices of branded medicines. Highlighting the role of intermediaries in increasing prices, the anti-trust regulator had asked the government to find mechanisms to promote generic medicines.
In a policy note, the CCI said high margins were a form of incentive and an indirect marketing tool employed by pharma companies.
Even international agencies like the WHO has said increased use of generics can reduce the burden of out of pocket expenditure on healthcare. Currently, essential medicines constitute over 60% of out of pocket expenditure on healthcare in India.
In addition to colour coding, the government is also considering the use of symbols to make generic medicines easily identifiable

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