On Day 2 of his maiden visit to India, second by any Israeli Prime Minister, Benjamin Netanyahu held delegation-level talks with Prime Minister Narendra Modi. PM Modi invited Israeli defence companies to take advantage of the liberalized FDI regime to make more in India with Indian companies. The two countries also inked 9 MoUs in areas like oil and gas, air transport, space, etc. In the joint statement, the two leaders also expressed desire to scale up the existing Centers of Excellence in India which have been a mainstay of agricultural cooperation between the two countries. They are venturing into less explored areas of cooperation, such as oil and gas, cyber security, films, and start-ups.
According to a report by the Economic Times, top officials at the Unique Identification Authority of India will meet the country’s banking and telecom regulators to discuss whether there is a need for fresh deadlines to link the Aadhaar number with essential services. These discussions are taking place in the wake of new security protocols which are being introduced to improve privacy
The Indian IT sector has been synonymous with pink slips and spiralling attrition, but is seeing a new trend of late. There is an increasing reliance on variable pay to reward the workforce. Two days ago, news reports claimed that Tata Consultancy Services, India’s largest IT services company, had declared 100% of the target variable pay to all its India employees for the third quarter of this financial year. And now rival Infosys has followed suit. According to The Economic Times, India’s second-largest IT player has given 95% of variable pay in the December quarter-the highest level of payout in the past nine quarters.
