Realty Sentiment Hits 3-Yr Low In December Quarter On Note Ban

New Delhi: The real estate sentiment fell to a three-year low in the October-December period, indicating pessimism among developers and financial institutions which reeled under the demonetisation pressure, says a report.

However, property consultant Knight Frank India and industry body FICCI said in a joint report that developers, banks and private equity investors are optimistic that market situation would improve in the next six months.

“The demonetisation of high value currency notes of Rs. 1,000 and Rs. 500 was the most sweeping change in recent history, which was a rude awakening for the Indian economy with the real estate sector being at the receiving end of this move,” the Knight Frank-FICCI joint report said.

Hit by demonetisation, total housing sales of the top eight cities fell by 40 per cent in the fourth quarter of 2016 as against the previous three-month period.Realty Sentiment Hits 3-Yr Low In December Quarter On Note Ban: Report

“Consequent to the major disruption during Q4 2016, the current sentiment score has seen a drastic fall to below the threshold mark of 50 to become the worst quarter in the last three years. This implies that stakeholders’ sentiments pertaining to Q4 2016 is pessimistic,” the report said.

The real estate sentiment index, based on a quarterly survey of key supply-side stakeholders, including developers, private equity funds, banks and non-bank financial companies (NBFCs), fell to 41 from 58 in the previous quarter.

“The respondents are of the opinion that the situation during the last quarter of 2016 was significantly worse compared to six months prior, reflecting the short-term adverse impact of demonetisation on the Indian real estate,” the report said.

However, the respondents welcomed the government’s steps to bring transparency into the sector through demonetisation move and the new real estate law as well as the Union Budget’s focus on making home purchases affordable.

“The future sentiment score of 62 is a good indicator of the robust optimism portended by the stakeholders for the real estate sector in the coming six months.

“The demonetisation move did infuse a high degree of uncertainty and confusion in the market but this impact seems to be transient in nature and the mid-to-long term impact is expected to be positive,” the report said.

Although the residential sector is going through a difficult phase, the stakeholders are quite optimistic for the future, especially with regards to sales volume.

“59 per cent of the stakeholders believe that residential sales will improve in the coming six months, as against only 12 per cent that believe to the contrary,” the report said.

“45 per cent of the respondents expect prices to remain stagnant while 26 per cent expect a downward pressure on price appreciation, during the same period,” it added.

7 Upcoming Food Events in Delhi This March You Shouldn’t Miss

Loving the weather aren’t you? And why should you not. March is here! Spring is here! Spring has caught the poetic imagination of writers across the world since forever. And what is the best way to celebrate this beautiful season? With some great food. Because it is perfectly legit, if a yellow or pink blossomed flower, reminds you of the sinful scoop of ice cream of the same colour. We bring you six interesting food events happening in March that you must plan to visit. Once you are done drooling, gather all your foodie friends and plan already!

1. Tasting India Symposium

This three-day symposium promises an exciting set of dialogue and discussion amongst the most renowned personnel related to India’s food history and traditions. The event intends to find a deeper engagement into the principles of Ayurveda, showcasing India’s ‘lost foods’ which are produced by the poorest strata of the economy using sustainable agricultural practices. A brain child of Sanjoo Malhotra and Sourish Bhattacharya, who bring a forum to promote a better understanding of India’s diverse culinary heritage, food destinations, and also pitching the Indian vegetarian diet, to the international world as the sustainable alternative in environment’s benefit. The event  is set be lined with multiple organic food stalls, selling the natural agricultural produce from around the country.

Date: 28th February- 2nd March 2017
Venue: India International Centre, Max Mueller Marg, New Delhi.

Image result for Food EventsPhoto Credit: Facebook/Sourish bhattacharyya

2. Horn Ok Please- Delhi Food Truck Festival

Set to be Delhi’s first ever food truck festival, ‘Horn Ok Please’, will bring some of the best food trucks in Delhi-NCR under one roof. Packed with cuisines of all sorts ranging from Mexican, Thai, Italian, the festival is set to offer the best sizzlers, snacks, desserts and even salads. Foodies in around Delhi mark your weekend for exotic food, jazzy trucks and a great mix of acoustic live music. The cocktail bar by Delhi Cocktail Week is all set to shake up some of their best drinks for the event. Gear up!

Entry: Rs. 100
Date: 04-05 March 2017
Time: 11 a.m-9 p.m
Venue: Ansal Plaza, New Delhi

horn okPhoto Credit: Facebook/what’s up delhi

3. Namastey Thailand Festival

The Royal Thai Embassy in collaboration  with the Ministry of Culture of Thailand and Thai Trade Center New Delhi are bringing a food festival loaded with Thai food, Thai goodies, Thai cultural performances and fun games in the  honour of celebrating the 70th anniversary of diplomatic relations between India and Thailand. The festival is set to recreate a mini Thailand of sorts in the heart of the capital bringing in a bevy of authentic Thai dishes from local restaurants. You can also take a lesson or two at the live kitchens helmed by renowned Thai chefs.

(10 Best Thai Vegetarian Recipes)

Entry: Free
Date: 3 – 5 March 2017
Time: 12.00 – 21.30 hrs
Venue: The Bridge, Ambience Mall & DLF Promenade Mall, Vasant Kunj, New Delhi

thai curry 625

4. Culinary Art India, 2017

The 12th edition of Culinary Art India is set to attract national level participation from senior and apprentice chefs who’d be competing on an internationally designed platform. The live demonstrations by chefs and culinary enthusiasts are sure to give you the feel of watching Master Chef live! Don’t believe us? Let the uniquely designed competition categories do rest of the talking.

  • Display Individual Classes- Artistic Pastry Showpiece, 3-Tier Wedding Cake, Artistic Bakery Showpiece, Fruit & Vegetable Carving
  • Individual Cold Display- Plated Appetizers, Authentic Indian Regional Cuisine, Three Course Set Dinner Menu, Desserts, Sushi Platter
  • Live Cooking Competition- Live Cooking Competition (CDP and above) 2 course, (open to all) 45 min one dish – RICE, Enthusiastic Hobby Cooks /Apprentices/Students, Chocolate Mania, Cake Decorating – Dress the Cake, Mocktail Competitionn

Date: 7th March to 11th March
Time: 9 am to 5 pm
Venue: Hall No 14, Pragati Maidan

fruits

5. The Grub Fest

Your favourite food festival is back. This time more grander and more better. If you loved the autumn-winter edition, the spring edition promises to be a bigger delight. The iconic Jawahar Lal Nehru stadium is where the action is set this time around. Foodies mark your calendars already for this extravaganza loading with great food, foot taping music and great crowd.

Entry: Rs. 300 per person
Dates:17th -19th March
Venue: Jawaharlal Nehru Stadium

grub

Photo Credit: Facebook/The grub fest

6. Dessertarian Bazaar

Still not over the winter sweet-tooth cravings? Worry not, this spring indulge in the best deserts you can imagine. The Dessertarian Fest is coming up with a lavish range of desserts and treats in the Select Citywalk courtyard. The festival promises to bring Delhi’s best bakeries, restaurants, home bakers, and other vendors all at one place, just to please your sweet tooth.

Entry: Free
Date: 24th-26th March
Venue: Select Citywalk, Saket

coconut dessert 625

7. The Old Delhi Food Festival

‘Old Delhi’- the name itself is enough to transport a foodie into the lanes of greasy paranthas, succulent kababs,calorie-high yet absolutely sinful sweetmeats. Much of old Delhi’s rich history is associated with the old and new food joints that crowd the congested lanes.
Bringing you that ‘Purani Dilli ka Zayeeka’, is the Old Delhi food festival conducted by Focus India, come fall in love with the walled city and its rich food heritage all over again.

Date: 25th -26th March
Venue: India Islamic Centre

food fest

Photo Credit: Facebook/The Old Delhi Food Festival

Samsung Galaxy On Max With 4GB RAM, Front Flash Launched in India: Price, Specifications

 

HIGHLIGHTS

  • Samsung Galaxy On Max price in India is Rs. 16,900
  • Smartphone currently listed as ‘coming soon’
  • It supports Samsung Pay Mini

Samsung on Friday launched a new Flipkart exclusive smartphone, the Galaxy On Max. The smartphone’s highlights are the presence of 4GB RAM, a 5.7-inch full-HD display, front flash, large aperture cameras, and support for Samsung Pay Mini, all of which are standout features for a Samsung smartphone at its price. As we mentioned, the Samsung Galaxy On Max will be available via Flipkart, and will go on sale from 11:59pm on Monday, July 10. Notably, the smartphone is almost identical to the recently launched Samsung Galaxy J7 Max, which was made available via offline retail stores and the Samsung India site with a price of Rs. 17,900.

Commenting on the launch, Sandeep Singh Arora, Vice President, Online Business, Samsung India, said, “Today consumers use their smartphones to capture memories. Galaxy On Max is the perfect device for this, enabling users to click brilliant photographs under all light conditions. It also offers the option of sharing pictures on-the-go with a single click. Galaxy On Max will redefine the way people click and share pictures.”Samsung Galaxy On Max With 4GB RAM, Front Flash Launched in India: Price, Specifications

Samsung Galaxy On Max price in India

The Samsung Galaxy On Max price in India is Rs. 16,900, while the smartphone will be available in Black and Gold colour variants in the country. Launch offer includes a Rs. 2,000 discount for buyers using Standard Chartered credit and debit cards. At its price, the smartphone compares with the Oppo F3, Moto G5 Plus, Oppo F1s, Honor 8, Honor 8 Lite, and even the Samsung Galaxy J7 Prime. The primary difference between the Samsung Galaxy J7 Max and the Samsung Galaxy On Max is in the processor. The former bears a MediaTek Helio P20 SoC, while the latter bears a MediaTek Helio P25 Lite SoC.

Samsung Galaxy On Max specifications

The dual-SIM Samsung Galaxy On Max runs Android 7.0 Nougat, and sports a 5.7-inch full-HD (1080×1920 pixels) display. The smartphone is powered by an octa-core MediaTek MTK P25 SoC (with four cores clocked at 2.39GHz and four cores clocked at 1.69GHz) coupled with 4GB of RAM.

samsung galaxy on max side samsung

Coming to the cameras on the Samsung Galaxy On – the smartphone bears 13-megapixel sensors and LED flash modules both on the front and back. The front sensor is coupled with a f/1.9 aperture lens, while the rear sensor is coupled with a f/1.7 aperture lens, which the company claims provide great low-light performance.

The smartphone bears 32GB of inbuilt storage that’s expandable via microSD card (up to 256GB). For connectivity options, the smartphone offers 4G VoLTE, alongside Wi-Fi, Bluetooth, a 3.5mm audio jack, and a Micro-USB port. It weighs 178 grams and measures 156.6×78.7×8.1mm. It is powered by a 3300mAh battery.

Samsung Galaxy On Max features

The Samsung Galaxy On Max sports a fingerprint sensor on the home button. It also supports Samsung Pay Mini, which was launched in India last month alongside the Samsung Galaxy J7 Pro and Galaxy J7 Max. It supports UPI-based payments and integrates a mobile wallet, but forgoes the NFC and MST-powered offline tap-to-pay features that essentially replace debit and credit cards.

Samsung is also touting the Social Camera Mode on the Samsung Galaxy On Max – the feature is supposed to provide instant sharing options to users, letting them pin their favourite social media contacts for quick sharing. The company says the Social Camera Mode also lets users utilise live stickers.

Samsung Galaxy On Max

Samsung Galaxy On Max

Rs. 16,900
Buy
  • KEY SPECS
  • NEWS

Display

5.70-inch

Processor

1.69GHz octa-core

Front Camera

13-megapixel

Resolution

1080×1920 pixels

RAM

4GB

OS

Android 7.0

Storage

32GB

Rear Camera

13-megapixel

Battery Capacity

3300mAh

BUY AT
  • Samsung Galaxy On Max (Gold, 32GB, 4GB RAM)
    Rs. 16,900
  • Samsung Galaxy On Max (Black, 32GB, 4GB RAM)
    Rs. 16,900

 

An Ayurvedic Treatment For Cancer in The Pipeline?

After creating ripples in the country and abroad for it’s home-based and natural cures, Ayurveda may soon be eying the territory which has had doctors and scientist abroad worked up since decades- Cancer. So says, the Union Minister of State AYUSH Shripad Yesso Naik

The ancient medicinal practice of Ayurveda has taken the global circuit by storm with its cure to various skin and health ailments. And Ministry of Ayurveda, Yoga & Naturopathy, Unani, Siddha and Homoeopathy (AYUSH), is tirelessly working to revive the glory and reinstating people’s faith in the ancient practice, which according to them has the cure to the severest of ailments.
Recently, Naik hinted about the ongoing research in Auyrveda , which may bring about the cure to cancer in the recent future. This comes soon after his earlier statement on a yoga-based cure to diabetes and cancer.

shripad naik

Naik, in a public event in Panaji  disclosed , that the researchers are very close to device an ayurvedic treatment to the grievous disease, which is based on the similar lines of chemotherapy.

Naik said, that they have reached a stage where just like chemotherapy, they  can treat cancer but the treatment would be  without the side effects of chemotherapy.

Naik said, beaming in confidence that research is on along with American scientists to find a cure for cancer. On completion of the research, in the appropriate way, they will find and prepare the medicine for major diseases and a  cure for cancer will come.An Ayurvedic Treatment For Cancer in The Pipeline?

Earlier last year, the Minister had stated that Yoga-based cure for diseases such as diabetes and cancer developed by Bengaluru-based Swami Vivekananda Yoga Anusandhana Samsthana was on the pipeline.

Praising the natural healing properties and treatment of Ayurveda,  Naik also said that the Ministry had set itself a target to establish an AYUSH center in every district to promote the ancient medicinal practice of India.

Exercise keeps the mind sharp in over-50s study finds

Doing moderate exercise several times a week is the best way to keep the mind sharp if you’re over 50, research suggests.

Thinking and memory skills were most improved when people exercised the heart and muscles on a regular basis, a review of 39 studies found.

This remained true in those who already showed signs of cognitive decline.

Taking up exercise at any age was worthwhile for the mind and body, the Australian researchers said.

Exercises such as T’ai Chi were recommended for people over the age of 50 who couldn’t manage other more challenging forms of exercise, the study in the British Journal of Sports Medicine said.

Brain boost

Physical activity has long been known to reduce the risk of a number of diseases, including type-2 diabetes and some cancers, and it is thought to play a role in warding off the brain’s natural decline as we enter middle age.

The theory is that through exercise the brain receives a greater supply of blood, oxygen and nutrients that boost its health as well as a growth hormone that helps the formation of new neurons and connections.

In this analysis of previous studies, researchers from the University of Canberra looked at the effects of at least four weeks of structured physical exercise on the brain function of adults.

]An outdoor tai chi class

In a variety of brain tests, they found evidence of aerobic exercise improving cognitive abilities, such as thinking, reading, learning and reasoning, while muscle training – for example, using weights – had a significant effect on memory and the brain’s ability to plan and organise, the so-called executive functions.

Joe Northey, study author and researcher from the Research Institute for Sport and Exercise at Canberra, said the findings were convincing enough to enable both types of exercise to be prescribed to improve brain health in the over-50s.

“Even if you are doing moderate exercise only once or twice a week there are still improvements in cognitive function, but the improvements were better the more exercise was done,” he said.

He said people should be able to hold a conversation while doing moderate exercise.

NHS guidelines recommend that adults do at least 150 minutes of moderate aerobic activity every week and exercise the major muscles on two or more days a week.Couple running in a park

Heavy shopping bags

Dr Justin Varney, lead for adult health and wellbeing at Public Health England, said any physical activity was good for brain and body.

“Whilst every 10 minutes of exercise provides some benefit, doing 150 minutes a week cuts the chances of depression and dementia by a third, and boosts mental health at any age.

“Doing both aerobic and strengthening exercises leads to a greater variety of health benefits.”

He said cycling or walking to work could count as aerobic activity and carrying heavy shopping bags was one example of a good strength exercise.

Dr Dean Burnett, lecturer in neuroscience and psychiatry at Cardiff University, said the study gave a clearer picture of how exercise affected the brain – but there were still issues.

“It could lead to increased pressure for the 50-plus age group to exercise more in order to stay mentally healthy, which is good advice but also overlooks the fact that as we age it’s increasingly difficult to engage in physical activity, as our bodies are simply less capable of it,” he said.

“Physical exercise is one element of improved brain functioning, but not the whole story.”

As well as staying physically active, Dr David Reynolds, from Alzheimer’s Research UK, said it was equally important to look after our brains by staying mentally active, eating a balanced diet, drinking only in moderation and not smoking.

In late April Dutch tulip bulb farmers chop off the flowers’ heads

As the end of April approaches, Dutch tulip farmers prepare for “topping”, when they run cutting machines through the fields across the north and west of the country, lopping off the colorful flower heads and leaving the stalks and plants to wither.

Throughout the month, the tulip fields are in full bloom and tourists flock to attractions such as the Keukenhof flower garden in The Hague to see the year’s designs and spectacular new strains.A man arranges tulips at the Dutch pavilion during preparations for the Green Week international food, agriculture and horticulture fair in Berlin, January 16, 2014. REUTERS/Thomas Peter

To the un-initiated, the “topping” that follows may look like senseless destruction.

In fact, it’s all part of the tulip’s growing cycle, as the plant then diverts its energy to the still-living bulb underground, which will bloom again.

The reinvigorated bulbs are harvested in mid-summer and sold to growers for planting in the autumn.

Regular Walking Can Help Keep the Brain Sharp in Elderly

 

Regular exercising has long been linked to good health. It is probably one of the most inexpensive ways to stay fit. Whether you are pressed on time, or simply can’t seem to muster courage to hit the gym, a short walk to the bus station or your nearby grocery store will always help you reap a bevy of health benefits. A recently conducted research suggests walking especially beneficial for the aged.

According to the study presented at the American Physiological Society, while walking pressure waves are sent through the arteries. This can significantly modify and increase the supply of blood to the brain, especially in the elderly. Our brain needs regular oxygen supply and essential nutrients via blood.  Another study published in the journal Open Science last year explained the evolution of human intelligence to be closely linked to the supply of blood to the brain.

“New data now strongly suggest that brain blood flow is very dynamic and depends directly on cyclic aortic pressures that interact with retrograde pressure pulses from foot impacts,” the researchers noted, reported by IANS.

walking 620

Experts at New Mexico Highlands University used an ultrasound technique to measure hemispheric cerebral blood flow to both sides of the brain. Twelve healthy young adults were exposed to non-invasive ultrasound while standing upright, at rest and during steady walking. The researchers found that though there is lighter foot impact associated with walking compared with running, walking still produces large pressure waves in the body that significantly increase blood flow to the brain.

While the effects of walking on CBF were less dramatic than those caused by running, they were greater than the effects seen during cycling which involves no foot impact at all.
In a separate study published last year in the journal Open Science, a team of researchers from Australia and South Africa showed that the evolution of human intelligence was not simply related to the size of the brain — but rather linked more closely to the supply of blood to the brain.

 

Trump Signs Executive Order Reviewing Federal Role in Education

 

President Donald Trump signed an executive order on Wednesday aimed at decreasing the role of the federal government in education while giving states and local school districts more power over decision-making.

Trump called the called order, which directs Education Secretary Betsy DeVos to study federal overreach in education, “another critical step to restoring local control, which is so important.”

“We know that local communities do it best and know it best,” the president said as he stood flanked by DeVos, Vice President Mike Pence, Nevada Governor Brian Sandoval and others.

“Previous administrations have wrongly forced states and schools to comply with federal whims and dictates for what our kids are taught,” Trump said. “The time has come to empower teachers and parents to make the decisions that help their students achieve success.”Image: Secretary of Education Betsy DeVos speaks during an event with Governors where U.S. President Donald Trump signed an executive order on education at the White House in Washington

U.S. Secretary of Education Betsy DeVos speaks during an event with Governors where President Donald Trump signed an executive order on education at the White House in Washington on April 26, 2017. Carlos Barria / Reuters

DeVos, is already empowered to modify or repeal federal regulations on education. She used this authority in February to withdraw Obama’s past guidance on transgender bathroom protections in public schools.

She now has 300 days, under the new order, to review federal education regulations deemed inconsistent and overly-broad.

The Department of Education’s Bob Eitel is charged with leading a regulatory task force and submitting a report at the end of the 300-day period. Eitel is a former lawyer for Bridgepoint Education Inc., a for-profit education services company which was forced last year to forgive the debts and refund payments to thousands of students, according to the Consumer Financial Protection Bureau.

Adrienne Watson, communications director for the Democratic National Committee, told NBC News that the education order “Doesn’t actually do anything.”

“This EO changes absolutely nothing,” said Watson. “Trump isn’t signing it to actually improve education for American students, he is doing it to put a fake point on the board within his first 100 days because he doesn’t have any accomplishments of significance.”

The order concerns public education advocates and teacher’s associations, who voiced fierce opposition to DeVos during her confirmation hearing in early February.

DeVos is a strong advocate of privatizing children’s education through charter schools (which are publicly funded but privately operated) and school vouchers (which allow parents to use public funds to send children to private schools).

In Michigan, where DeVos has been instrumental in the expansion of privately-run charter schools, parents and educators have said the boom resulted in unregulated schools and poor student performance. There are 300 charter schools in the state, with over 80 percent run by for-profit companies.

Image: Betsy DeVos testifies before the Senate Health, Education and Labor Committee confirmation hearing
Betsy DeVos testifies before the Senate Health, Education and Labor Committee confirmation hearing in Washington, D.C. on Jan. 17. Yuri Gripas / Reuters, file

“If you’re getting federal dollars to run your charter school, then you should be held to some standard. But that hasn’t happened in Detroit,” Ivy Bailey, president of the Detroit Federation of Teachers, told NBC News in February.

In recent remarks to the National Association of State Boards of Education on Mar. 20, DeVos promised to get the federal government out of the way of school policy.

“We’re going to start by implementing the law as Congress intended,” said DeVos, “Giving you all — state leaders — the freedom and flexibility you deserve.”

The Education Secretary explained that “No two states are identical” at the March meeting.

“The issues and challenges facing West Virginia are different from those of New Hampshire or Oregon,” DeVos said. “We shouldn’t insist the same solution will work everywhere, every time.”

 

Golf takes step back in reducing technologys role

 

During Wednesday’s matinee between the Los Angeles Dodgers and San Francisco Giants infielder Eduardo Nunez was thrown out trying to steal second base in the bottom of the first inning.

Although Nunez was originally called out, after an official review the call was reversed thanks to the latest in video technology. The play was studied numerous times in high definition and in slow motion. It was also watched at an exposure at least five-times the normal magnification.

The same scenario unfolds every day in sports, from the NHL to the NBA and Major League Baseball, technology and video replays are now an integral part of the athletic landscape. After decades of trial and error, officials have come to the realization that there is no limit to video review to assure the correct call.

Every sport, that is, except golf.

How the new decision issued by the USGA and R&A on Tuesday will be applied remains to be seen, and by most accounts the new standards are a step in the right direction. But there is something distinctly archaic about a move that limits technology.

Under the new “naked eye” standard, officials will continue to use video reviews to determine if there’s been a violation – and the same standard was already being used in some situations – but the difference now is that officials will need to determine how much technology is too much technology.

“Video technology, especially the use of methods such as high resolution or close-up camera shots that can be replayed in slow motion, has the potential to undermine this essential characteristic of the game by identifying the existence of facts that could not reasonably be identified in any other way,” the new decision reads.

Officials will now need to determine if a possible violation could “reasonably have been seen with the naked eye.”

Put another way, it’s not simply a review of the facts that officials will need to address, but also whether the level of technology used to determine a possible violation fits with the naked eye standard.

A great example of this standard came at the 2014 Players Championship when Justin Rose was assessed a two-stroke penalty – one shot for the ball moving at address and one for not replacing it after it had moved – on Day 3.

This ruling was the result of numerous reviews of the incident using high-definition cameras and highly magnified images, but the next day PGA Tour rules officials rescinded the penalty based on the original naked eye decision and the Englishman began the final round two strokes closer to the lead than he was when he left the golf course on Saturday.

While most agreed that Rose’s situation was exactly what the rule makers were hoping to remedy with the naked eye standard, no one can say exactly where that line should be drawn.

Is standard-definition video and images slowed to half speed where things remain clear to the naked eye, or are there scenarios where a more detailed review would be considered appropriate?

Originally, Tour officials said the naked eye standard shouldn’t apply to Rose’s situation in ’14 at TPC Sawgrass because he’d backed away from the shot.

“He saw something,” the Tour’s vice president of rules and competitions Mark Russell told GolfChannel.com at the time.

A more recent incident involving Lexi Thompson at the ANA Inspiration would be a more legitimate standard, but because neither Thompson nor anyone in her group was questioned about the incident it is unknown if the penalty would have been reversed under the new standard.

Because officials used ultra-high definition and magnified video to determine that Thompson had not replaced her golf ball in the same spot after marking it during the third round it would be a legitimate litmus test going forward. It’s also worth pointing out that most who watched the replay of the Thompson situation agree there was a violation of Rule 20-7c (playing from wrong place).

If the consensus is Thompson ran afoul of the rules, however innocent the incident might seem, should the issue be what level of video technology remains within the new naked eye decision, or whether the Rules of Golf need to be adjusted to account for such seemingly harmless acts?

Technology – and to a lesser degree viewer call-ins and emails, but that’s a column for another day – has been made out to be the problem here, and yet every other professional sport is heading in the opposite direction of golf on the information super highway.

The rule makers are blazing new paths in what has been billed as a “modernization” of the Rules of Golf, but this new decision – which is entitled “limitations on use of video evidence” – feels like a step in the wrong direction.

No one is pleased with the the Thompson situation – neither the outcome nor that it took some 20 hours to unfold – and the desire to avoid similar incidents in the future is understandable, but sports have rules that must be applied no matter how much technology is needed to assure the proper outcome.

Uber’s Revenue Hits $6.5 Billion in 2016, Still Has Large Loss

 

Ride-hailing service Uber Technologies Inc generated $6.5 billion (roughly Rs. 41,914 crores) in revenue last year and its gross bookings doubled to $20 billion (roughly Rs. 1,28,964 crores), the company said on Friday.

Its adjusted net loss was $2.8 billion (roughly Rs. 18,054 crores), excluding the operation in China it sold last year, Uber said.

As a private company, now worth $68 billion (roughly Rs. 4,38,477 crores), Uber does not report its financial results publicly. It confirmed the figures in an emailed statement after Bloomberg reported the results.Uber's Revenue Hits $6.5 Billion in 2016, Still Has Large Loss

Uber did not provide first quarter figures, but a spokeswoman said they “seem to be in line with expectations.”

For the final quarter of 2016, gross bookings increased 28 percent from the previous quarter, to $6.9 billion. But Uber’s losses grew to $991 million in the period, as revenues grew 74 percent to $2.9 billion from the third quarter.
In a separate emailed statement, Rachel Holt, Uber’s regional general manager for the United States and Canada, said: “We’re fortunate to have a healthy and growing business, giving us the room to make the changes we know are needed on management and accountability, our culture and organization, and our relationship with drivers.”

Uber has been rocked by a number of setbacks lately, including detailed accusations of sexual harassment from a former female employee and a video showing Chief Executive Travis Kalanick harshly berating an Uber driver.

The company is in the process of hiring a chief operating officer to help Kalanick manage it, repair its tarnished image and improve its culture.

Two of Uber’s high-level executives recently said they intended to leave, and last week the company’s communications head announced her departure.