NEW YORK: Microsoft's India-born CEO Satya Nadella and other members of corporate America have expressed their condolences on the sudden death of former president APJ Abdul Kalam, saying the 'missile man' will continue to inspire the world with his courage, tenacity and vision. "RIP @APJAbdulKalam...your teachings, leadership and humanity were inspiration to us all," Nadella tweeted. Premier business advocacy group US-India Business Council, expressing condolences on behalf of its member companies, said Kalam was one of India's greatest leaders and visionaries. "The Council is comforted by the knowledge that not only India but the rest of the world will benefit from the courage, tenacity, and vision that Dr Kalam displayed throughout his lifetime. "At this transformational and buoyant period in India's growth, the Council and its members will hold Dr Kalam's words close to heart: 'You have to dream before your dreams can come true,'" it said in a condolence statement. USIBC said … [Read more...] about Microsoft CEO Satya Nadella, corporate America condole A P J Abdul Kalam’s death
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Chennai-born Indra Nooyi not only broke the glass ceiling in corporate America when she was named CEO of global beverage giant PepsiCo in 2006 but, through her journey, inspired millions of young Indians who dreamed of and aspired to emulate the success the India-born woman achieved in America. PepsiCo on Monday announced that Nooyi will step down on October 3 after 24 years with the company, the last 12 as CEO. PepsiCo's Board of Directors unanimously elected Ramon Laguarta, 54, to succeed 62-year-old Nooyi.Nooyi, one of the most powerful and influential business leaders in the world, was regularly featured on the power lists compiled by Forbes and Fortune magazines. She was also among the few female executives to lead global corporate giants.Apart from being a prominent face of women leadership across the world, she was also the epitome of success for the millions of young Indians who aspired to be like her as they watched her journey through the ranks of PepsiCo and eventually … [Read more...] about Indra Nooyi: The Indian executive who broke glass ceiling in corporate America
Even if you lift lockdown, it is not going to revive economic activity immediately because consumption will not revive, so demand will not. Investment will not revive, therefore demand will not revive. Only the government is spending, but it is going to lose massive tax revenue. My estimate is that the economy will not recover to January 2020 levels for several years because we are into a deep depression. It is not going to be a V-shaped recovery, it is going to be a shallow U-shaped recovery. But suppose very optimistically we go back to January 2020 in a year, then the average rate growth from (-)75% to 0% means we will have a (-)37.5% rate of growth of the economy. If the rate of growth is (-)37.5%, Tax to GDP ratio will become half of what it was earlier. It is easy to see why. GST collections largely come from non-essential goods and sin goods, those in 43% bracket, 28% and 18% brackets. Essentials are in zero per cent or five per cent brackets. … [Read more...] about Can India’s workforce have a safe return to business?