Microsoft and ISB partner to advance AI skilling in India

The two will collaborate in research which will use AI and Machine Learning to study issues relevant for business and public policy
The partnership will also jointly introduce a new executive programme



New Delhi: The Indian School of Business (ISB) and Microsoft India announced a new partnership on Friday to take forward their shared vision for an AI-empowered India at an event in Hyderabad.

Through the creation of the AI Digital Lab, the two organizations will collaborate in research which will use Artificial Intelligence (AI) and Machine Learning (ML) to study issues that are relevant for business and public policy.

In addition, the partnership will also jointly introduce a new executive program titled “Leading Business Transformation in the Age of AI" in October 2019 which will equip business leaders with tools and strategies to transform their respective organizations to AI-driven organizations.

The rapid development of AI implies that the ability of business leaders to creatively use AI to improve business decisions and enhance productivity will become a very important precursor for businesses to stay competitive and be successful. AI-readiness is therefore an important skill that business leaders should acquire sooner than later.


Professor Rajendra Srivastava, Dean, Indian School of Business and the Novartis Professor of Marketing Strategy and Innovation, said “Business Schools are attempting to redefine management education by making it more future-ready and relevant for opportunities and challenges that businesses will face in the future. Transforming organizations guided by Artificial Intelligence and augmented by frameworks integrating analytics with human behavior and management issues will be an important imperative for business leaders. Our collaboration with Microsoft India will enable us to use AI to understand new phenomena that are relevant for business as well as policy and subsequently disseminate the knowledge to business leaders who will need to transform their businesses through artificial intelligence to compete effectively."

Anant Maheshwari, President, Microsoft India said, “AI is a gamechanger to drive new business models and transform today's businesses and workplaces. With this coming together of ISB and Microsoft, it is a unique opportunity to increase the innovation with AI in business. Our new partnership with ISB will empower business leaders to increase their tech intensity and do more with AI."


ISB’s executive program, titled “Leading Business Transformation in the Age of AI" in collaboration with Microsoft will enable C-suite executives to come up with a coherent strategy to transform their respective organizations into AI-driven organizations. The 3-day non-technical program is done under the purview of Microsoft’s online AI Business School, which provides executive-level insights and practical, actionable guidance to build an end-to-end AI strategy. It will focus on managing the impact of AI on company strategy, culture and responsibility.

Source: https://www.livemint.com/ (Accessed on August 29,2019)

Take-home salary may rise under new Employees' Provident Fund law

At present, 24 per cent of a worker's basic pay is deducted - with 12 per cent each counted as employer's and employee's share - towards the EPF savings

The government has proposed to reduce the contribution made by employees towards the Employees’ Provident Fund (EPF), in a move to increase take-home salary. The government wants to reduce the rate of contribution — part of the employee’s share — for a class of workers depending upon age, income or gender, without changing the contribution from the employer’s share.

The proposal is part of the proposed Employees’ Provident Fund and Miscellaneous Bill, 2019. The ministry has also proposed providing an option to workers to switch between the ...

To read the full article, please visit:

https://www.business-standard.com/article/economy-policy/take-home-salary-may-rise-under-new-employees-provident-fund-law-119082700033_1.html#targetText=The%20government%20has%20proposed%20to,to%20increase%20take%2Dhome%20salary.&targetText=The%20proposal%20is%20part%20of,Fund%20and%20Miscellaneous%20Bill%2C%202019.(Accessed on August 29, 2019)

Young biologist from Andhra Pradesh recreates a blue whale from bones

Complete skeleton formed in Andhra Pradesh using remains of several of the giants washed ashore

It was like a jigsaw puzzle for the young wildlife biologist looking at the skeletal remains of dead blue whales washed ashore on the Andhra Pradesh coast. But he found a way to put them all together. All in just two months. Where the parts were missing, he used plaster of Paris and put in stainless steel and screws to configure a life-size skeleton of the endangered species.

In 2017, Kumpatla Balaji, an Andhra University alumnus, launched a project to use the skeletal remains to form the blue whale, replicating its natural anatomy structure. He was spurred to do so, after experts were unable to fit the bones collected from the Machilipatnam coast.

Mr. Balaji is a research scientist at the Coringa Marine Museum in Rajamahendravaram city, where the 32-ft-long life-size blue whale (Balaenoptera musculus) skeleton he engineered is being preserved and on public display since early 2018.

“Dozens of skeletal remains of blue whales were lying with our museum, begging to be assembled,” said Mr. Balaji.

“Many bones and the head part of the blue whale were brought to our museum by the Forest Department from Machilipatnam coast in 2017, helping me form the complete skeleton within two months,” the research scientist said.

The skeletal parts were chemically treated before being rigged together with stainless steel. “At least two bones were made of plaster of Paris as they were missing.”

The blue whale falls in Schedule I of the Wildlife (Protection) Act, 1972. Dozens of dead blue and sperm whales have washed ashore on the Nagayalanka, Machilipatnam, Kakinada, and Srikakulam coast in Andhra Pradesh since 2015. What caused their death is the subject of study.

Source: https://www.thehindu.com/sci-tech/energy-and-environment/young-biologist-from-andhra-pradesh-recreates-a-blue-whale-from-bones/article29254745.ece (Accessed on August 29, 2019)

Did you know life insurance rules have changed?

On new ULIPs, the minimum sum assured will be less than 10 times the premium

IRDAI (Insurance Regulatory and Development Authority of India) issued a notification on new regulations in ULIPs (unit linked insurance plans) and traditional insurance policies, a few weeks back. Of the several changes, the move to reduce the minimum sum assured (SA) in ULIPs and a guaranteed surrender value for traditional policies from the second year, were prominent.

Source: https://www.thehindubusinessline.com/portfolio/personal-finance/did-you-know-life-insurance-rules-have-changed/article29252624.ece (Accessed on August 29, 2019)

IT industry on hiring spree, adds record number of employees in Q1

Around 85,000 employees added on net basis, highest in six years

The Indian information technology (IT) industry added a record number of employees in the April-June quarter (first quarter, or Q1) of the ongoing financial year, with around 85,000 new hires. This is the highest-ever net employee addition by the industry in a single quarter in six years, according to a recent report by equity research firm CLSA.

Industry experts are of the opinion that the spurt in recruitment happened as IT services firms went aggressive on hiring in anticipation of a strong demand environment. This was supplemented by healthy hiring in onsite locations, triggered by ...

To read the full article, please visit:

https://www.business-standard.com/article/companies/it-industry-on-hiring-spree-adds-record-number-of-employees-in-q1-119082500648_1.html (Accessed on August 29, 2019)

IIT-Hyderabad develops waterproofing material using fly ash

Stearic acid-coated fly ash surface can be made to behave like rose petals or lotus leaves.

Researchers at the Indian Institute of Technology (IIT) Hyderabad have developed a cheap waterproofing material by coating fly ash, a waste by-product from coal-based thermal power plants, with stearic acid, which is a surfactant. While fly ash is extremely water-loving (hydrophilic), it turns into a highly water-repelling surface once coated with stearic acid.

The stearic acid has a hydrophilic part called the head and hydrophobic portion called the tail. While the head of stearic acid which is hydrophilic binds to fly ash particles, the water-repelling tail remains free. Numerous free hydrophobic tails of stearic acid makes the fly ash surface water repellent.

Fly ash varies in size from 100 nanometres to a few microns and can thus provide surfaces with different roughness based on the size of the particles chosen. The stearic acid-coated fly ash surface can be made to behave like one of the two naturally occurring water-repelling materials — rose petals or lotus leaves — by the varying the surface roughness.


In the case of a rose petal the surface repels the water but at the same time the structure of the petal ensures that the water droplets adhere to it. Thus, even when inverted, water droplets do not fall down. On the other hand, in the case of the lotus leaf, water droplet rolls off easily.

“When we used particles of more or less uniform size, the inter-particle space is more and water penetrates and sticks to the surface like in the case of a rose petal and remains adhered to the surface even when we tilted it to 90 and 180 degrees,” says Dr. Atul Suresh Deshpande from the institute’s Department of Material Science and Metallurgical Engineering and corresponding author of a paper published inChemistry Select.

The topography changes completely when fly ash particles of different sizes are used. The smaller particles tend to fill the gap between the larges ones thus resulting in a tighter packing with very little gap between particles. “Air pockets tend to form when the gap between particles reduces making it difficult for water to get into the gaps. Water droplets are suspended on top of the air pockets and so has less adhesion to the surface. So when the surface is tilted slightly (5 degree) the droplets tend to roll off easily,” says Dr. Mudrika Khandelwal from IIT Hyderabad and a co-author of the paper.

“By using a combination of stearic acid and surface roughness we were able to achieve superhydrophobicity (where the water contact angle is more than 150 degree),” says Urbashi Mahanta, a PhD student from IIT Hyderabad and first author of the paper. “We used a simple process of particle distribution to achieve the two types of hydrophobicity.”

The extent of hydrophobicity increased in both surfaces when the drying temperature was increased from 60 degree C to 80 degree C. The melting point of stearic acid is over 69 degree so when heated to 80 degree C the surfactant melts leading to better coverage and therefore smoother surface compared with samples treated to 60 degree C. Samples with tight and loose packing when treated to 80 degree C showed more hydrophobicity. The stearic acid-coated fly ash can be used as a waterproofing material. Owing to its hydrophobic nature, the surface can be easily cleaned. One can use an adhesive to apply the stearic acid coated fly ash on a surface,” says Dr. Deshpande.

More work is needed to test the mechanical and chemical durability of the fly ash waterproofing material.

Source: https://www.thehindu.com/sci-tech/science/iit-hyderabad-develops-waterproofing-material-using-fly-ash/article29245730.ece (Accessed on August 29, 2019)

Mann Ki Baat: PM calls for mass movement against single-use plastic from Oct 2

In his monthly radio address ‘Mann ki Baat’, the prime minister said when the country observes the 150 birth anniversary of the Father of the Nation, “we will launch a new mass movement against use of plastic”.

Prime Minister Narendra Modi on Sunday urged people to observe the 150th birth anniversary of Mahatma Gandhi this year as a day to make India plastic-free and exhorted municipalities, NGOs and the corporate sector to come up with ways for safe disposal of accumulated plastic waste before Diwali.

The call for a mass movement came days after Mr. Modi’s Independence Day’s address in which he had urged people to shun ‘single-use’ plastic to protect the environment.

In his monthly radio address ‘Mann ki Baat’, the Prime Minister also urged people to participate in the annual ‘Swachhta Hi Seva’ or ‘the quest for cleanliness is service’ campaign, which will begin on September 11 this year.

“This year, on October 2, when we celebrate Bapu’s 150th birth anniversary, we shall not only dedicate to him an India that is open defecation-free but also shall lay the foundation of a new revolution against plastic, by people themselves, throughout the country,” he said.

He said people from all strata of the society should celebrate Gandhi Jayanti this year as a day to make “Mother India plastic-free“.

The Prime Minister urged all municipalities, municipal corporations, district administrations, gram panchayats, government and non-governmental bodies to work towards ensuring adequate arrangement for collection and storage of plastic waste.

“I also appeal to the corporate sector to come out with ways and means for appropriate disposal of all accumulated plastic. It can be recycled; it can be transformed into fuel. This way we can accomplish our task of ensuring safe disposal of plastic waste before this Diwali,” he said.

Diwali festival this year falls on October 27.

He said all that is required to take up the challenge is resolve and “what can be a greater inspiration than Gandhi?”.

In his Independence Day’s address, Mr. Modi had urged citizens to eliminate ‘single-use’ plastic and suggested that shopkeepers provide eco-friendly bags to customers.

“This campaign has enthused people ... Many of my merchant brothers and sisters have put up a placard at their establishments, boldly mentioning that customers ought to carry shopping bags with them. This will result in monetary savings as well as one would be able to contribute towards protection of the environment,” he said.

Source: https://www.thehindu.com/news/national/mann-ki-baat-pm-calls-for-mass-movement-against-single-use-plastic-from-oct-2/article29252132.ece (Accessed on August 29, 2019)