Indian writer wins USD 100,000 global book prize

Agencies
May 30, 2019

Mumbai, May 30: Indian writer Annie Zaidi was on Wednesday announced as the 2019 winner of the USD 100,000 Nine Dots Prize, a prestigious book prize created to award innovative thinking that addresses contemporary issues around the world.

Mumbai-based Zaidi, a freelance writer whose work includes reportage, essays, short stories, poetry and plays, won for her entry ‘Bread, Cement, Cactus' – combining memoir and reportage to explore concepts of home and belonging rooted in her experience of contemporary life in India.

“What really appealed to me about the Nine Dots Prize was the way it encourages entrants to think without borders or restraints. My work has often crossed over genres, traversing between memoir and journalism, and this timely but wide-open question encouraged us to approach it with methods that were equally far-ranging,” said the 40-year-old winner.

Now in its second cycle, the prize challenged entrants to answer the question ‘Is there still no place like home?' in a 3,000-word essay. The winner of the Nine Dots Prize is supported to develop their response into a full-length book, which is published by Cambridge University Press (CUP), and given the opportunity to spend a term at the Centre for Research in the Arts, Social Sciences and Humanities (CRASSH), Cambridge University.

“I had been working towards a similarly themed project for a while but didn't have the financial, or even mental, bandwidth to do it justice. The Prize will allow me to dedicate time to the examination of this question, which is of critical importance in the modern world – and it will help fund the necessary research trips, which, as a freelancer, is something I appreciate hugely,” said Zaidi, who works on fiction, scripts and columns for magazines and newspapers.

She has published both fiction and non-fiction, including a collection of essays ‘Known Turf: Bantering with Bandits and Other True Tales', which was shortlisted for the Crossword Book Award in 2010, and ‘Love Stories # 1 to 14' – a collection of short fiction published in 2012.

Her new proposed book, based on her Nine Dots Prize winning essay ‘Bread, Cement, Cactus', will be published by CUP in May 2020 and will answer the central question through examining how a citizen's sense of “home” might collapse, or be recovered. The varied themes it will address include the politics and economics of death in India, the crossing of caste and religious lines in marriage, and the Partition of India as a great cultural and emotional sundering.

“In Annie Zaidi we have found a powerful and compelling voice with a unique insight into what home means for citizens of the world today. We are very excited to see how Annie's work will develop over the coming year and hope that it will help further current conversations around the concept of belonging worldwide,” said Professor Simon Goldhill, Professor in Greek Literature and Culture and Fellow of King's College, Cambridge University, and Chair of the Nine Dots Prize Board.

“The anonymous judging process is crucial to the Nine Dots Prize's mission to discover new ways of tackling contemporary issues, whether they come from established thinkers or new voices. The fact that our second winner is so different from our first is testament to the success of this method,” he said.

The inaugural Nine Dots Prize posed the question “Are digital technologies making politics impossible?” and was won by former Google employee turned Oxford philosopher James Williams. The resulting book, ‘Stand Out of Our Light: Freedom and Resistance in the Attention Economy', was published in May 2018 to critical acclaim.

The Nine Dots Prize is judged anonymously and funded by the Kadas Prize Foundation, a UK-registered charity established to fund research into significant but neglected questions relevant to today's world. The Prize name name references a lateral thinking puzzle that can only be solved by drawing outside of a box of nine dots arranged in three rows of three.

The foundation was established by Peter Kadas, who has worked around the world for a number of leading institutions. Originally from Hungary, he holds Canadian and British citizenship and currently lives in Barcelona, Spain.

Besides Kadas and Prof Goldhill, the Nine Dots Prize Board is comprised of 9 other internationally recognised and distinguished academics, authors, journalists and thinkers.

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Agencies
July 6,2020

The Covid-19 pandemic has made an unprecedented impact on the Indian businesses, particularly small and medium enterprises (SMEs) and startups. According to a joint survey by FICCI and Indian Angel Network (IAN), the pandemic has hit the businesses of around 70% startups.

With uncertainty in the business environment and an unexpected shift in priorities of the government as well as corporates, many startups are struggling to survive, it says.

In a nationwide survey on the 'Impact of Covid-19 on Indian Startups' involving 250 startups, 70% participants said their businesses had been impacted by Covid-19 and around 12% had shut operations.

The survey shows only 22% startups have cash reserves to meet the fixed cost expenses over the next 3-6 months, and 68% are reducing operational and administrative expenses.

Around 30% of the companies said they would retrench employees if the lockdown was extended too long. The 43% startups have already started 20-40% salary cuts over April-June.

Over 33% startups said investors had put the investment decision on hold and 10% said the deals had been scrapped. Only 8% startups had received funds as per the deals signed before Covid-19 outbreak, the survey revealed.

The reduced funding has forced startups to put a hold on business development and manufacturing activities, which has resulted in loss of projected orders.

The survey highlights the need of an urgent relief package for startups, including possible purchase orders from the government, tax relief and swifter tax refunds, and immediate fiscal support measures, including grants, soft loans and payroll grants.

Besides 250 startups, 61 incubators and investors also participated in the survey.

While 96% of investors accepted that their investments in startups had been impacted by Covid-19, 92% said their investments in startups would continue to be low over the next six months.

Around 59% investors said they would prefer to work with the existing portfolio firms in the coming months. Only 41% said they would consider new deals.

"A comparison of priority investment sectors before and during Covid-19 shows 35% investors are now looking at investments in healthcare startups, followed by EdTech, AI/Deep Tech, FinTech and Agri," said the survey.

Around 44% incubators surveyed said their day-to-day operations had been considerably hit by Covid-19. Most incubators are now supporting their portfolio firms by providing them virtual platforms to interact with mentors, investors and industries.

Dilip Chenoy, FICCI Secretary General, said, "The startup sector is stressed for survival at the moment. The investment sentiment is also subdued and is expected to remain so in the coming months. Lack of working capital and cash flows may lead to major layoffs over the next 3-6 months."

Indian startups needed an enabling ecosystem and flow of funds to continue operations, the survey said.

Padmaja Ruparel, President, Indian Angel Network & Co-Chair of FICCI Startup Committee, said, "In these uncertain times, as investors, we must play an important role to provide the Indian startups funding, mentoring and hand-holding support to stay afloat and come out at the other end of this crisis."

To that end, IAN recently announced a debt fund to help IAN portfolio companies raise working capital and ensure business continuity by partnering with debt providers.

This must be replicated on a wider scale, so a larger number of startups are provided the capital support to make it during these tough times, Ruparel said.

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Agencies
May 30,2020

The GST Council is unlikely to make major changes in the indirect tax structure at its next meeting slated mid June.

A top government source said that the Centre is not in favour of increasing tax rates on any goods or service as it could further impact consumption and demand that is already suppressed due the COVID-19 pandemic and lockdown.

It was widely expected that the GST Council could consider raising tax rates and cess on certain non-essential items to boost revenue for states and the Centre. Several states have reportedly taken an over 80-90 per cent hit in GST collections in April, the official data for which has not yet been released by the Centre.

"The need of the hour is to boost consumption and improve demand. By categorising items into essential and non-essential and then raising taxes on non-essential is not what Centre favours. But, the issue on rates and relief will be decided by the GST Council that is meeting next month," the finance ministry official source quoted above said.

The GST Council is chaired by the Union finance minister and thus the views of the Centre play out strongly in the council meetings.

However, the Council will also have to balance the expectations of the states whose revenues have nosedived after the coronavirus outbreak and wide scale disruption to businesses while they have still not been paid GST compensation since the December-January period.

To the question of wider scale job losses in the period of lockdown as businesses get widely impacted, the official said that the Finance Ministry has asked the labour ministry to collect data on job losses during Covid-19 and is constantly engaging with the ministry to oversee job losses and salary cuts.

On restrictions put on Chinese investment in India, the official clarified that no decision had yet been taken to restrict China through the Foreign Portfolio Investment (FPI) route.

Asked about monetising government debt, the official said that the issue would be looked at when we reach a stage. It has not come to that stage yet.

In the government's over Rs 20 lakh crore economic package, the official defended its structure while suggesting that comparisons with the economic packages of other countries should not be drawn as India's needs were different from others.

"We have gone in more reforms that is needed to give strength to the economy. This is required more in our country," the official source said.

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Agencies
January 19,2020

New Delhi, Jan 19: Messaging service WhatsApp which on Sunday faced issues in transmitting multimedia content including pictures and images, prompting social media users to share hilarious memes and messages, resumed regular services after over two hours.

#WhatsAppDown was the trending hashtag on Twitter for most part of Sunday afternoon in India along with several other countries such as Brazil, Europe and also parts of Middle-East including UAE, reported downdetector.in, a realtime problem and outage monitoring website.

Users of the popular messaging app were unable to send media files, stickers and GIFs.

Most users immediately went to Twitter to find out about the problem and check if others were facing the same issue.

Numerous tweets and memes took over the internet as soon as the news broke about the WhatsApp tech issue. After around two hours of technical glitch, the app resumed full service.

Even after full recovery of media transfer, people globally still continued checking the status of the messaging app.

WhatsApp has been one of the prime messaging apps since May 2009 and has recently collaborated with Facebook.

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