Knowledge Diary – 18th July 2013, Thursday

  • Air pollution costing economy: According to the latest World Bank report, only outdoor air pollution in urban areas claims 1.09 lakh lives of adults, another 7,513 of children below 5 years annually. And also revealed that the annual cost of environmental degradation in India is about Rs 3.75 lakh crores, which is equivalent to 5.7% of country’s GDP.
  • Spice Jet phases out expat pilots: The falling environmental degradation has made airlines act in an area where they have dragged their feet for years. Low cost carrier Spice Jet has bought down its number of expat pilots.
Spicejet Airlines
Spicejet Airlines
  • BJP veteran LK Advani agrees to RSS’ role in resolving disputes: BJP old hand LK Advani seems to have acknowledged the RSS’s role in resolving disputes in the Sangh Parivar by saying that the organization is an “ideological family” that binds all members together.
  • Directors and Officers policy which started out as an exotic cover is now drawing interest from mid- to large-sized companies as directors and CEO are being hit by lawsuits hard and fast.
  •  Multi screen traveler a new option to travel booking online:  Online travel booking is no longer PC-centric, says Google India’s study aristocratic as ‘Multi-screen traveller’.
  • Nineteen US organizations claiming NSA:  Among the various organizations, nineteen US organizations sector suit against the NSA (National Security Agency) claiming their constitutional rights were violated by the secret spy agency’s data collection programs.
  • US internet big giant Google eyes Television over internet: Google is planning to deliver pay television online service by joining several other companies. Google’s endeavor, if successful, has the potential to seriously undermine the current pay-cable television.
  • Microsoft Corporation has sent a letter to US Attorney General Eric Holder in context to prevent the company and others from further discussing secret national security requests for customer emails, Skype calls and documents stored on its servers.
  • China imposed a travel ban: A travel ban has imposed on British national and vice president of GlaxoSmithKline , Steve Nechelput, in view of ongoing investigations into charges that the pharmaceutical giant. The company has been indicted of funneling nearly $500 million to bribe doctors and hospital administrators.
  • Companies can get tax breaches: The special bench of Income-tax appellate tribunal (ITAT) has ruled that discounts under the employee stock option plans (ESOP) are an employee cost.  Subsequently, that should be allowed as a deduction, over the vesting period, in the hands of the issuing company.

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