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The most read stories this week - Sikkim launches the world's largest basic income experiment, The Indian-ness of Kamala Harris, How finance ministers hide billions & more...

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India Is About to Launch The Largest Basic Income Experiment in History High in the Himalayas, Sikkim is one of the tiniest states in India. But it is about to embark on an experiment of global interest. Sikkim's ruling party has announced an ambitious plan to implement a universal basic income for every one of its 610,577 citizens. If successful, the scheme would represent the largest trial run anywhere in the world of a concept that supporters such as Facebook's Mark Zuckerberg say could provide a safety net, help alleviate poverty and address the challenge of job automation. Continued here Read the weekly Trending TradeBriefs newsletter to follow what CXOs in India are reading! Advertisers of the day Columbia Business School: A Fintech, Digital & Analytics program for Leaders in Financial Services Purvanchal Projects Pvt Ltd: (Noida) Book Ready to Move in 3 BHK + Flats at Purvanchal Royal City Today Our advertisers help fund the daily operations of TradeBriefs. We request you to accept our promotional emails. The Indian-ness of Kamala Harris, the 'Female Barack Obama' Set to Contest the Next US Elections Harris, in many of her interviews, has credited her Indian-American mother Shyamala Gopalan Harris for instilling in her the sense of responsibility that motivated her political career. When Harris announced that she plans to run for the President of the United States of America in 2020, most of the headlines identified her as 'African-American'. The Indian bit didn't make it to many newspapers. But she may, in fact, be more Indian than many may imagine. Kamla Harris loves idlis. And, sambhar. Continued here Here's how India's finance ministers hide billions of unplanned expenses Fiscal deficit is the amount by which India's government expenses exceed the receipts. Higher the deficit, the government borrows that much more to meet its expenses. As in any household, even the government is expected to spend wisely and keep its debt in check. However, successive governments in India have doled out far more than they should have. An annual target for fiscal deficit is spelt out and exceeded every time. And even the final number hides a lot more than it reveals. Continued here Get the most popular stories of the week here

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Editor's Picks - 21st century capitalism, From "labour arbitrage" to "intellectual arbitrage" & more..

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Welcome to 21st century capitalism! Indian startup captures the imagination of the Indian consumer. It grows rapidly, armed with billions of dollars of foreign capital. Eventually, large American retailer buys Indian startup. Demonetization and GST have hit Indian SMEs hard. Now it's election year and the government tries to take care of its disgruntled SME votebase through regulation that makes life difficult for American retailer (that has just invested billions to buy Indian startup). American retailer lobbies with the US government and the US puts pressure on India to not upset American retailer's plans. Deadlines get extended, giving time for companies involved to investigate legal workarounds and lobby further. Welcome to the world of 21st century capitalism, where the forces of globalization, democracy and politics collide like never before! Read TradeBriefs every day for startup advice! Advertisers of the day Columbia Business School: A Fintech, Digital & Analytics program for Leaders in Financial Services Purvanchal Projects Pvt Ltd: (Noida) Book Ready to Move in 3 BHK + Flats at Purvanchal Royal City Today Our advertisers help fund the daily operations of TradeBriefs. We request you to accept our promotional emails. The journey from "labour arbitrage" to "intellectual arbitrage" is not simple R Chandrasekharan of Cognizant says that the Indian IT sector needs to move from "labour artbitrage" to "intellectual arbitrage". This is easier said than done. Infosys (and other Indian IT majors) have long tried to build strategy (and operations) consulting practices, without much success. The idea is to partner with clients in a way where the clients rely on the consulting partner to tell them what to do, rather than simply implement what the client tells them to do. This requires a different business to be built with better strategic and client relationship skills and talent. In the short term, Indian IT can train its engineers and consultants in the next generation tech (AI, IoT, etc) in a way where implementation of these technologies is done better and faster. Eventually, a moving up of the value chain is inevitable, but if it's the Indian IT firms or the Accentures of the world (with a high degree of participation from Indian talent in those firms) that capture that pie remains to be seen. Get today's top stories here

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(Bangalore) Pionier Lifestyle+ | Premium BDA Approved Plots | 10 Mins. from WIPRO - ₹65 Lakhs Onwards!

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Give Wings to your Business through Business presentations

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PRESENTATION SERVICES are engaging, persuasive & memorable...!

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Editor's Picks - Co-founder calamities, The rise of the Muslim middle & more..

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Co-founder Calamities - Tony Deller You've worked side-by-side with someone for over a year: iterating over and over again until you have your MVP, bootstrapping your way to your first users and revenue, arguing over how to best present your app in the stores, working all-nighters to get your investor deck just right, networking from coast to coast. And just when the pressure reaches a new height, the little grievances compound and you're contemplating ending the whole thing before your startup rocket ship has a chance to take off. That is only one scenario, and unfortunately, tales of warring co-founders are not rare. In fact, it's alarming how often conflicts end up happening between people who team up to tackle something that requires significant effort, coordination and understanding to be shared. Continued here Read TradeBriefs every day for startup advice! Advertisers of the day Columbia Business School: A Fintech, Digital & Analytics program for Leaders in Financial Services Purvanchal Projects Pvt Ltd: (Noida) Book Ready to Move in 3 BHK + Flats at Purvanchal Royal City Today Our advertisers help fund the daily operations of TradeBriefs. We request you to accept our promotional emails. Joining the India story: The rise of the Muslim middle Squeezing his way through the stream of wriggling rickshaws, carts, and bikes, the little boy emerged from Jama Masjid's Dariba Kalan, and climbed the flight of stairs leading to the main mosque. After entering the mosque, on the left was his corner, and the only place where he could study in peace. The evenings at his home in congested purani Dilli were always noisy. It didn't help that no one understood why he was so consumed by the junoon (passion) to study. Naved Iqbal, the boy from Old Delhi is now 44, and is the director of operations at General Electric (GE) Oil and Gas, India, a position that is only second to the CEO's. A small, emerging yet visible Muslim middle class has surfaced in India, breaking the perception of a monolithic impoverished community. Continued here Get today's top stories here

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