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Wasim Jaffer Set to Become Punjab Kings’ New Head Coach

News on MEA 5 ArdorComm Media Group Wasim Jaffer Set to Become Punjab Kings' New Head Coach

Former India opener Wasim Jaffer is set to take over as the head coach of Punjab Kings, succeeding Trevor Bayliss, whose two-year contract with the team has concluded. This appointment marks Jaffer’s return to the Mohali-based franchise ahead of the 18th edition of the Indian Premier League (IPL). Jaffer’s association with Punjab Kings is not new. This will be his third stint with the franchise, having previously served as the batting coach from 2019 to 2021 before stepping down ahead of the IPL 2022 auction. Prior to his new role, he was released from his position as batting consultant before the IPL 2024 season. Jaffer, who played 31 Tests for India, faces a challenging task as the head coach of Punjab Kings. The team, one of the eight founding members of the IPL, has not reached the playoffs for ten consecutive seasons since their only appearance in the IPL final in 2014. In the IPL 2024, Punjab Kings finished ninth on the points table, securing only five wins. Despite recording the highest successful run chase in T20 cricket by chasing down 262 at Eden Gardens against Kolkata Knight Riders and defeating five-time champions Chennai Super Kings at Chepauk, the team struggled to maintain consistent performance. The injury to captain Shikhar Dhawan significantly impacted the team’s performance. It remains to be seen if the franchise will continue with Dhawan, who will turn 39 later this year.

IGNOU Launches BA in Micro Small & Medium Enterprises Programme

News on Education 13 ArdorComm Media Group IGNOU Launches BA in Micro Small & Medium Enterprises Programme

The Indira Gandhi National Open University (IGNOU) has announced the introduction of a new Bachelor of Arts in Micro Small and Medium Enterprises (BAMSME) programme. This programme, offered through the School of Vocational Education and Training (SOVET), is now open for applications for the July 2024 session. Interested candidates can apply through the official IGNOU website at ignouadmission.samarth.edu.in. The BAMSME programme is designed for individuals who have completed their 10+2 education. It aims to equip aspiring entrepreneurs with the essential skills and knowledge required to start and manage new business ventures. Offered via open and distance learning (ODL), the programme is accessible to a wide audience. It is structured to provide flexibility, with a minimum duration of three years, divided into six semesters, and a maximum duration of six years. Students are required to complete a total of 120 credits, earning 20 credits per semester. The medium of instruction is English, and the programme fee is set at Rs 5,100 per year, totaling Rs. 15,300 for the entire three-year course. According to an IGNOU statement, the primary objectives of the BAMSME programme are to facilitate the successful and profitable operation of business enterprises, enhance managerial skills, and offer an innovative, competency-based approach to entrepreneurship education. The curriculum covers crucial aspects of business operations, including finance and marketing, and aims to develop leadership qualities essential for both self-empowerment and the empowerment of others.

Inauguration of Sakura – The Indo-Japanese Nursery Division at JG International School Marks a New Era in Global Education

press ArdorComm Media Group Inauguration of Sakura - The Indo-Japanese Nursery Division at JG International School Marks a New Era in Global Education

In a landmark collaboration, JG International School (JGIS) in Ahmedabad and Keimei Gakuin School (KG) from Kobe, Japan, proudly inaugurated Sakura, the first-of-its-kind Indo-Japanese Nursery division. This historic event at JGIS symbolised a unique partnership between two esteemed educational institutions, setting a new benchmark in early childhood education. Keimei Gakuin, a 100-year-old institution from Kobe, Japan, is renowned for its innovative approach to education, rooted in Japanese philosophy, culture, values, and excellence. The newly established Sakura division integrates pedagogical methods, educational approaches, and cultural aspects from India and Japan. This collaboration aims to nurture a generation of globally-minded students who possess curiosity, creativity, and empathy, empowering them to excel and lead in an interconnected world. The educational philosophy at Sakura aligns with core principles of education, focusing on the moral character of children and fundamental societal principles. Emphasis is placed on human dignity and the comprehensive assimilation of human knowledge. Education is viewed as a process of unfolding children’s innate abilities, nurturing the total personality of each child rather than developing isolated skills. The curriculum moves away from rote learning to a skill-based system, fostering real learners with complex and flexible learning frameworks. Dr. Kavita Sharma, Principal of JG International School, expressed her excitement about the collaboration, stating, “We are thrilled to embark on this remarkable journey with Keimei Gakuin. The Sakura division is a testament to our commitment to providing a holistic and globally enriched education. We believe this collaboration will inspire our students to become compassionate, culturally aware, and innovative leaders of tomorrow.” Mr. Ibusuki Chikara, Principal of Keimei Gakuin High School (KGHS), added, “This partnership marks a significant milestone in fostering educational excellence and cultural exchange between Japan and India. We are excited to bring the rich heritage and educational philosophies of both countries together, creating an environment where students can thrive and grow into global citizens.” The bicultural curriculum seamlessly blends ancient and contemporary Indian and Japanese educational frameworks, offering students a comprehensive understanding of both cultures. Students will master English and Japanese, fostering multilingual competence and cross-cultural communication skills. Equal emphasis is placed on Literacy, Numeracy, Program of Inquiry, and life skills education, including critical thinking, problem-solving, decision-making, communication, collaboration, and personal and social responsibility. Students will engage in traditional Japanese arts like calligraphy and martial arts, as well as Indian classical music, folk dances, and indigenous games. Regular student exchange programs and collaborative initiatives will foster mutual understanding among students from diverse backgrounds. Furthermore, expert educators from both countries will collaborate to enhance teaching methodologies and share best practices. The inauguration ceremony was a grand celebration featuring cultural performances, speeches by distinguished guests, and a tour of the new facilities. The event showcased the deepening ties between India and Japan, highlighting a shared vision of creating a world-class educational experience for young learners.

Education Ministry greenlights IIM-Guwahati courses starting next academic year, says Assam CM

News on Education 12 ArdorComm Media Group Education Ministry greenlights IIM-Guwahati courses starting next academic year, says Assam CM

Assam Chief Minister Himanta Biswa Sarma announced that the Indian Institute of Management (IIM)-Guwahati will commence courses from the next academic year after receiving consent from Union Education Minister Dharmendra Pradhan. Sarma held high-level discussions with several Union ministers, including Rajnath Singh, Nitin Gadkari, Nirmala Sitharaman, and S. Jaishankar, to address various issues related to education, environment, power, and finance in the state. Key outcomes of the meetings include assurances on royalty settlements from hydrocarbon industries, support for Assam’s Teacher Training Institute, and measures to augment technical education in the state. The ministers also discussed climate change mitigation efforts, enhancing Assam’s energy security, developing urban wetlands, and leveraging central schemes to boost the state’s infrastructure and economic resilience. The decision to commence courses at IIM-Guwahati from the next academic year is a significant milestone for the state’s higher education landscape. The institute is expected to attract top talent and contribute to the development of skilled professionals in Assam and the region.

Telecom M&A Activity Witnesses Surge: 514 Deals from 2019 to 2023

News on HR 7 ArdorComm Media Group Telecom M&A Activity Witnesses Surge: 514 Deals from 2019 to 2023

The communications service provider (CSP) sector has seen substantial consolidation over the past few years, with a total of 514 mergers and acquisitions (M&A) involving mobile and wireline companies globally between 2019 and 2023, according to Omdia’s latest research. M&A Deal Volume from 2019-2023 In this period, wireline M&A deals outnumbered mobile deals significantly, with 392 wireline and 122 mobile transactions. A notable mobile M&A deal includes the proposed merger between Vodafone and Three in the UK, which, pending approval by the Competition and Markets Authority, would result in the UK’s second-largest mobile operator by subscriptions. Recent Trends and Market Dynamics The number of M&A deals across all CSP sectors totaled 214 in 2023, a decrease from a peak of 316 in 2021. This decline can be attributed to high interest rates and a cyclical downturn in the technology industry. Despite these challenges, the telecom market’s dynamics indicate a persistent drive for further M&A activities among CSPs. Matthew Reed, Chief Analyst for Service Providers & Markets at Omdia, noted, “With revenues in the telecom sector growing at a low rate while markets are competitive and increasingly mature, many more CSPs will seek consolidation to cut costs by eliminating duplication and invest in network technologies such as fiber and 5G to propel growth in their connectivity business.” Strategic Benefits of M&A Merging provides operators with economies of scale, increased competitiveness against major players, opportunities for cross-selling, and greater procurement power. Beyond consolidation, telecom operators are using M&A to implement delayering and diversification strategies. Delayering and Diversification Strategies Delayering involves CSPs selling infrastructure assets, such as telecom towers, to raise funds for debt reduction or investment in other business areas. For example, in July, Telecom Italia (TIM) sold its fixed-line business in Italy to investment group KKR, enabling TIM to focus on growth through new beyond-connectivity consumer services and enterprise ICT services. CSPs are also acquiring companies in high-growth technology sectors to diversify their offerings. Both Orange and Telefonica have expanded significantly into the cybersecurity sector through strategic acquisitions. Matthew Reed added, “For telecom operators that want to become technology services providers, one way to make that transition is to buy companies that already have the capabilities and customer base in the target sectors.”

Government Allocates ₹15.27 Lakh Crore for Major Sectors in Union Budget 2024

News on Governance 9 ArdorComm Media Group Government Allocates ₹15.27 Lakh Crore for Major Sectors in Union Budget 2024

Finance Minister Nirmala Sitharaman presented her seventh Union Budget yesterday , allocating ₹15.27 lakh crore for major sectors such as defense, rural development, social welfare, and commerce. This budget marks the first of Prime Minister Narendra Modi’s third term. Key Allocations and Expenditures Defense Allocation: ₹4.54 lakh crore, a significant decrease from ₹6.21 lakh crore in the interim budget. Capital Outlay: ₹1.62 lakh crore for military capital expenditures, including weapons, ammunition, aircraft, and warships. Rural Development Allocation: ₹2.66 lakh crore. MGNREGA Funding: Increased from ₹60,000 crore in FY24 to ₹86,000 crore in FY25. Agriculture and Allied Activities Allocation: ₹1.52 lakh crore. Focus: Sustainable practices, digital infrastructure, and increased production. Home Affairs Allocation: ₹1.51 lakh crore. Specific Allocations: ₹42,277 crore for Jammu and Kashmir. ₹5,985 crore for Andaman and Nicobar. ₹5,862 crore for Chandigarh. ₹5,958 crore for Ladakh. Education Allocation: ₹1.26 lakh crore. Additional Allocation: ₹1.48 lakh crore for schooling, employment, and skilling. IT and Telecom Department of Telecommunications: ₹1.16 lakh crore. Ministry of Electronics and Information Technology: ₹22,000 crore. Health Allocation: ₹89,287 crore. Pharmaceutical Industry: ₹2,143 crore. Notable Announcement: Exemption of three more cancer medications from customs duties. Energy Allocation: ₹68,679 crore. New and Renewable Energy: ₹19,100 crore. Solar Power (Grid): ₹8,500 crore. Government Revenue and Expenditures Revenue Sources: Borrowings and other liabilities: 27%. Income tax revenue: 19%. GST and other taxes: 18%. Corporation taxes: 17%. Expenditures: States’ share of taxes and duties: 21%. Interest payments: 19%. Central sector schemes: 16%. Subsidies, pensions, and other payments: 19%. Additional Highlights Custom Duty Reductions: Three cancer drugs and two components for manufacturing X-ray machines. Tax Regime Tweaks: Raised standard deduction from ₹50,000 to ₹75,000, saving salaried employees up to ₹17,500. First-Time Professionals: One month’s salary as Provident Fund contribution for first job holders, benefiting 210 lakh youngsters. Capital Gains Exemption: Limit raised to ₹1.25 lakh per year. Angel Tax Reduction: For all investor classes. This budget reflects the government’s priorities across various sectors, balancing between infrastructure development, social welfare, and fiscal prudence.

Union Budget 2024: Health Sector Sees Marginal Increase, NHM Allocation Rises Amid Infrastructure Cuts

News on Health 9 ArdorComm Media Group Union Budget 2024: Health Sector Sees Marginal Increase, NHM Allocation Rises Amid Infrastructure Cuts

The Union Budget 2024, presented by Finance Minister Nirmala Sitharaman, revealed a modest 1.7% increase in the health sector allocation, bringing the total outlay to Rs 87,656 crore for the fiscal year 2024-25. Despite the increase, major announcements for the health sector were noticeably absent. One of the significant allocations was for the Ayushman Bharat health insurance scheme, which provides a Rs 5 lakh cover to the poorest 40% of the population. The allocation for this scheme increased slightly from Rs 7,200 crore last year to Rs 7,300 crore this year. The National Health Mission (NHM) received a substantial boost, with its allocation rising to Rs 36,000 crore from Rs 29,000 crore last year. The NHM focuses on reproductive, maternal, newborn, child, and adolescent health services, non-communicable diseases control, and enhancing access to comprehensive primary health care. However, the PM-Ayushman Bharat Health Infrastructure Mission (PM-ABHIM) saw a reduction in its budget from Rs 4,200 crore last year to Rs 3,200 crore this year. The revised estimate for this mission was even lower at Rs 2,100 crore. PM-ABHIM was launched to improve health infrastructure, including health centers, labs, and critical care hospital blocks, especially during the pandemic. Another infrastructure mission, the PM Swasthya Suraksha Yojana, also faced budget cuts, with its allocation dropping from Rs 3,365 crore last year to Rs 2,200 crore this year. This scheme supports the establishment of new AIIMS and the upgradation of district hospitals. The Ayushman Bharat Digital Health Mission (ABDM), which aims to create a digital health record platform for every citizen, saw its budget reduced from Rs 341 crore last year to Rs 200 crore this year. Despite this, the government plans to roll out its U-Win vaccine management portal as part of a 100-day plan, linking it to ABHA accounts for seamless health records. The tele-mental health program’s allocation decreased from Rs 133.7 crore to Rs 90 crore. This program was launched in the 2022 Budget to address mental health issues post-Covid-19 through a network of 23 mental health centers of excellence under NIMHANS. In contrast to the interim Budget’s significant health sector announcements, such as expanding the Ayushman Bharat insurance scheme and promoting HPV vaccination, the current Budget made only minor mentions. The Finance Minister’s speech included a reduction in custom duty on three cancer drugs and components for manufacturing X-ray machines.

Nearly 10% of Health Care Facilities in Punjab Operate Without Required PPCB Permission

News on Health 8 ArdorComm Media Group Nearly 10% of Health Care Facilities in Punjab Operate Without Required PPCB Permission

Nearly 10% of healthcare facilities (HCFs) in Punjab are operating without the necessary permission from the Punjab Pollution Control Board (PPCB), as required under the Bio-Medical Waste Management Rules 2016. This raises concerns about the enforcement of these rules. The state has a total of 14,715 identified healthcare facilities, including government and private establishments, as well as veterinary hospitals and clinics. However, only 13,301 of these facilities have been granted the required authorization under the Bio-Medical Waste Management Rules 2016, leaving 1,414 healthcare facilities operating without approval. The PPCB shared these details in an interim report, which was sought by the Punjab State Human Rights Commission after it took suo motu cognizance of a TOI report highlighting healthcare facilities operating without the necessary authorization. Healthcare facilities that generate, collect, receive, store, transport, treat, dispose of, or handle bio-medical waste are required to obtain authorization from PPCB, as per Rule 10 of the Bio-Medical Waste Management Rules 2016. The rules also outline penalties for any violations related to the management of bio-medical waste. All 14,715 facilities collectively generate 24.65 tonnes per day (TPD) of bio-medical waste. Individual healthcare facilities conduct the segregation of this waste at the source. Following segregation, waste is collected and transported to designated common bio-medical waste treatment facilities (CBWTFs) for treatment and disposal. The pollution board monitors the process through 16 regional/field offices across the state. The board submitted that bio-medical waste generated by facilities not having authorization is being regularly collected, transported, treated, and disposed of by CBWTFs under separate agreements executed between CBWTFs and healthcare facilities. Six CBWTFs are operating in the state. Of these, five are authorized to collect, transport, treat, and dispose of bio-medical waste in accordance with the provisions of the Bio-Medical Waste Management Rules 2016. One facility has been authorized to collect and transport waste to four CBWTFs for treatment and disposal due to technical reasons, and a case regarding this matter is pending before the Punjab and Haryana High Court. The board informed that notices have been issued to all healthcare facilities that have failed to obtain authorization or renewal of authorization as required under the rules. The matter is also being taken up by the board with the Department of Health, Department of Animal Husbandry, and Department of Rural Development and Panchayats to issue directions to healthcare facilities under their jurisdictions to obtain authorization under Bio-Medical Waste Management Rules 2016. The pollution board claimed that it is “diligently” implementing bio-medical rules in the state and has adopted measures to ensure that healthcare facilities operating without authorization obtain the same. These measures include setting up helpdesks at regional offices of the board across the state to provide technical assistance to health facilities for submitting authorization applications on the online portal of the board. It also conducts training programs for state officers and occupiers of health facilities for better understanding and compliance with the rules. The commission has directed the PPCB and the Director of Health to file the final and action taken report before the next hearing on September 6.

BJP-Led Central Government Denies Special Category Status for Bihar

News on Governance 8 ArdorComm Media Group BJP-Led Central Government Denies Special Category Status for Bihar

The BJP-led central government has rejected the demand for special category status for Bihar, a request made by its ally JD(U). This decision will also affect a similar demand from another ally, the TDP, for Andhra Pradesh. Junior Finance Minister Pankaj Chaudhary communicated the government’s stance in a written reply to JD(U) MP Rampreet Mandal. Chaudhary explained that the term “special category” was a concept used by the now-defunct Planning Commission, and states have since benefited from special packages instead. The rejection of special category status, though significant due to the importance of JD(U) and TDP’s Lok Sabha numbers for the Modi government, was anticipated and is based on the 14th Finance Commission’s recommendation. The Commission had suggested ending the special category status scheme, which provided incentives like tax concessions to industries in backward states, in favor of increasing the devolution of central funds to states from 32% to 42%. Both TDP and JD(U) seem to have considered this outcome in their political strategies. Andhra Pradesh Chief Minister and TDP chief N. Chandrababu Naidu has shifted his focus towards securing central assistance for specific projects such as the development of Amaravati as a new capital and the Polavaram dam project. At a recent all-party meeting, TDP representative Lavu Sri Krishna Devarayalu did not raise the issue of special category status, which reportedly annoyed the Congress. Meanwhile, JD(U) working president and Rajya Sabha MP Sanjay Jha reiterated Bihar CM Nitish Kumar’s demand for special category status during the same meeting but also showed understanding for the central government’s stance, indicating the party might settle for central assistance in managing floods. The decision sparked political reactions, with Lalu Prasad’s RJD taunting JD(U). “Nitish Kumar assured special status for Bihar. Since the Centre has refused, he should resign immediately,” said Lalu. In response, Union Minister Giriraj Singh pointed out that Lalu remained silent when the UPA denied special category status to Bihar, suggesting that the current criticism was hypocritical. Pankaj Chaudhary, in his written reply, explained that special category status was previously granted by the National Development Council (NDC) to states with certain characteristics, such as hilly terrain, low population density, significant tribal populations, strategic border locations, economic and infrastructural backwardness, and non-viable state finances. The decision to grant special status was based on a thorough consideration of these factors and the unique situation of each state. LJP (RV) MP Shambhavi Choudhary added that while the term “special status” ceased to exist after the formation of Niti Aayog, states have continued to receive special packages to accelerate development.

Deel Buys Device Management Startup Hofy in a ‘Win-Win’ Acquisition

News on HR 6 ArdorComm Media Group Deel Buys Device Management Startup Hofy in a ‘Win-Win’ Acquisition

The HR tech sector is currently booming, with investment rounds and mergers and acquisitions (M&A) continuing at a brisk pace. The latest news comes from Deel, which has made its third acquisition this year. Read on to find out more about Deel’s purchase of Hofy and what it means for both companies’ existing HR customers. The HR tech market remains robust and resilient despite challenging macroeconomic conditions. Investments into the sector continued unabated, as do HR tech mergers and acquisitions (M&As). The latest M&A news comes from global HR company Deel – it has acquired Hofy, a London-based device management startup. Hofy enables its 700 customers across the world (including Canva, Veeva, and Fujitsu) to equip their teams with work devices in just one click. Hofy also manages the entire lifecycle of the company device. The Hofy acquisition is Deel’s third acquisition in 2024 – back in the spring, Deel bought German performance management company Zavvy and Africa-based payroll giant PaySpace. The latest news with Hofy is a full circle moment for its Co-Founder and CPO Michael Ginzo – he was an early employee at Deel and left in 2020 to start Hofy. A Bright Future for Deel and Hofy? Founded in 2019, Deel has seen impressive growth over the past five years – it now employs 4,000 people in 100 countries, has raised $630 million, has reached a $12 billion valuation, and has $500 million in annual recurring revenue. Deel helps 35,000 companies look after their teams – standout customers include Nike, BCG, Shopify, and Calvin Klein. UNLEASH was keen to find out why purchasing Hofy was the right next move for Deel and its customers. Speaking exclusively to UNLEASH, Deel’s Co-Founder and CEO Alex Bouaziz shares: “By bringing Hofy’s best-in-class services and device lifecycle management in-house, we hope to simplify global business complexities for our customers with a unified platform that handles everything from device delivery and management to software provisioning and app access. Now we’ll be able to handle this in 120+ countries – it’s going to radically simplify device management and IT support for global teams.” For Bouaziz, Deel’s purchase of Hofy is “another way we’re building a simpler, more consolidated infrastructure for global companies and their teams.” Hofy’s Ginzo also spoke to UNLEASH – he adds: “Hofy and Deel share a vision of simplifying hybrid work – including facilitating remote workforces with a hassle-free onboarding experience. I saw a massive opportunity in the global hiring movement when I was working at Deel on the product team. Hofy has helped meet this demand by delivering and managing devices in 120+ countries around the world. We’ve seen huge growth, and now it’s time to take that to the next level. With Hofy joining Deel, customers will be able to enjoy all the benefits of our device management platform, alongside Deel’s compliance, payroll, HRIS, immigration, and people management products. It’s a win-win, and we couldn’t be happier to combine forces.”