Ultra-superfast 5G broadband comes closer

Researchers are investigating how software-defined cellular networking might be used to give smartphone users the next generation of super-superfast broadband – 5G.

Currently, the fourth generation of mobile phone connection technology, 4G, in as far as it has been adopted provides broadband-type connectivity through two standards: the Mobile WiMAX standard and the first-release Long Term Evolution (LTE) standard.

The hope is to be able to achieve download speeds of perhaps 10 Gbits/s, researchers said.

The research is being undertaken by Ming Lei of Samsung Research and Development Institute China, Lei Jiang of NEC Laboratories, Beijing with colleagues at the University of Electronic Science and Technology of China in Chengdu, Beijing Jiaotong University and the University of Kurdistan.

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via The Economic Times.

Kotak Mahindra Bank-ING Vysya Bank merger – A trendsetter bank merger?

Is the Kotak Mahindra Bank-ING Vysya Bank merger announcement last week the beginning of a much-talked about and advocated consolidation in Indian banking space? Or, is it just a one-off aberration?

It is a little premature to read in this amalgamation move a much larger trend in the industry. Nevertheless, the deal has yet again brought the focus firmly on the need for consolidation in the banking field in the context of happenings in the global arena.

Also, the inevitability of consolidation has to be understood in the light of stricter policy, regulatory and governance requirements.

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via  The Hindu

Essay – Corporate Social Responsibility

The evolution of the concept and definition of Corporate Social Responsibility (CSR) has an impressive history associated with it. During the 1960s and 1970s, meaning of CSR was further expanded and. In the 1980s, more empirical research and alternative themes began to mature. These alternative themes included corporate social performance (CSP), stakeholder theory, and business ethics theory.

One of the most frequently asked questions is: what is the meaning of “Corporate Social Responsibility” ? There are various definitions provided by various organisations. The most appropriate and common definition is: Corporate Social Responsibility is that exercise which helps the companies to have a positive impact on the society in the process of managing their business.

According to the book “Making Good Business Sense” by Lord Holme and Richard Watts, “Corporate Social Responsibility is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large”.

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India has world’s largest number of voluntary givers

India tops the charts when it comes to the largest number of volunteers anywhere in the world. Nearly 18.65 crore people in India support non-profit organizations (popularly known as non-government organizations or NGOs) by volunteering their time and effort. In stark contrast, China, with only 6.8 crore volunteers, was fourth on this list.

Compared with the previous findings relating to 2012, the number of Indians volunteering time has shot up by three percentage points as 29 million more people contributed their time in 2013. These findings were released by Charities Aid Foundation (CAF), a global non-profit that compiles the World Giving Index annually.

India has climbed 24 places (from 93) in its overall ranking of 69 out of the 135 countries that participated in the World Giving Index 2014 survey. This index looks at three measures of giving during 2013: The number of people who have given money to charity, volunteered their time or helped a stranger.

When it comes to the sheer number of participants in these acts of giving, India’s booming 100-crore population has shown that it has a large heart.

Nearly 40.9 crore Chinese went out of their way to help a stranger and China led the pack when it came to the number of people helping others. India, with 34.6 crore people doing so, was second.

via The Times of India.

India set to become second-largest internet market

According to a report by the Internet and Mobile Association of India (IAMAI) and IMRB International, the number of people online in India is forecast to touch 302 million or 30.2 crore by end of 2014, overtaking the US as the second-largest Internet market in the world.

The Internet user base in the country is further estimated to grow to 35.4 crore by June 2015.

China has the largest user base with more than 60 crore Internet users, while the US has an estimated 27. 9 crore users.

Of the 27.8 crore users, 17.7 crore are in urban India, higher by 29 per cent from 2013. This is expected to reach 19.0 crore by December 2014 and 21.6 crore by June 2015.

In rural India, the number of Internet users is expected to reach 11.2 crore by December 2014 and 13.8 crore by June 2015.

Global Terrorism Index 2014

According to the 2014 Global Terrorism Index, by the Institute for Economics and Peace (IEP), a non-profit research organization based in Sydney, Australia, the number of deaths caused by terrorism increased by 61 percent between 2012 and 2013. There were nearly 10,000 terrorist attacks in 2013, a 44 percent increase on the previous year.

The Index defines terrorism as “the threatened or actual use of illegal force and violence by a non-state actor to attain a political, economic, religious or social goal through fear, coercion, or intimidation”.

“Not only is the intensity of terrorism increasing, its breadth is increasing as well,” the report said. 

According to the report, the three main factors behind with terrorism were State sponsored violence, such as extra-judicial killings, “group grievances” and high levels of crime. Levels of school attendance, poverty rates, and most economic factors, however, had no association with terrorism.