Month: September 2018

Apple self-driving car rear ended during road testing

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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An Apple Inc <AAPL.O>  self-driving car was rear-ended while merging onto an expressway near the company’s Silicon Valley headquarters this month, the company said in an accident report posted on Friday that confirmed the iPhone maker is still in the race to build autonomous vehicles.

Apple executives have never publicly spoken about the company’s self-driving car programme, but filings in a criminal court case last month confirmed that the company had at least 5,000 employees working on the project and that it was working on circuit boards and a “proprietary chip” related to self-driving cars.

Apple is entering a crowded field where rivals such as Alphabet Inc’s <GOOGL.O> Waymo unit and traditional carmakers such as General Motors Co’s <GM.N> Cruise Automation, as well as startups such as Silicon Valley’s Zoox, are pouring billions of dollars into cars that can drive themselves.

On Aug. 24, one of Apple’s Lexus RX 450h self-driving test vehicles in “autonomous mode” was merging south on the Lawrence Expressway in Sunnyvale, California at less than 1 mile per hour when it was rear-ended by a 2016 Nissan Leaf going about 15 miles per hour, according to the report posted on the California Department of Motor Vehicles website.

The accident happened at about 3 p.m. as the Apple vehicle had slowed and was waiting for a safe gap in traffic to complete the merge, the report said.

Both vehicles sustained damage but there were no injuries, the report said. Under a safety plan filed with California regulators, a human driver must be able to take control of Apple’s self-driving test cars.

An Apple spokesman confirmed that the company had filed the report but did not comment further. He declined to respond to questions about whether the trailing car could have been at fault.

Apple’s efforts remained shrouded in secrecy until years after its rivals like Google had begun testing on public roads. The iPhone maker’s first public acknowledgement of interest in the field came in a letter to U.S. transportation regulators in late 2016 urging them not to restrict testing of the vehicles.

Last year, Apple secured a permit to test autonomous vehicles in California. It has been testing cars on the road since last year and now has permits for more than 60 vehicles. Apple researchers also last year published their first public research on cars, a software system that could help spot pedestrians more readily.

The safety of self-driving cars has become a source of concern for U.S. transportation regulators this year after one of Uber Technologies Inc’s vehicles struck and killed a woman in March in Arizona, prompting the company to shut down its testing efforts for a time. Uber has said it plans to have self-driving cars back on the road by the end of the year.

The California DMV said it has received it has received 95 autonomous vehicle collision reports as of Aug. 31. Dozens of companies have received permits to test self-driving vehicles on California roads, but those permits require the presence of a human safety driver.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Mahindra sales up 14% at 48,324 units in August

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Auto major Mahindra & Mahindra reported Saturday 14 percent increase in total sales at 48,324 units in August.

The company had sold 42,207 units in the same month last year, M&M said in a statement.

In the domestic market, sales were at 45,373 units last month, up 15 percent, as compared to 39,615 units in August 2017.

Exports also increased 14 percent at 2,951 units in August against 2,592 units in the same month last year.

Sales of passenger vehicles (which includes UVs, cars and vans) were at 19,758 units, up 2 per cent, as compared to 19,406 units in the same month last year.

Commercial vehicle sales were at 20,326 units in August, up 25 per cent, against 16,303 units in the year-ago period, M&M said.

M&M President Automotive Sector Rajan Wadhera said, “The auto industry remained subdued in August with low sentiments due to some external factors. Our commercial vehicles portfolio including our trucks and buses continue to post robust growth”.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

India says to help Nepal build rail link to Kathmandu

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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India will help Nepal construct a rail link between capital Kathmandu and an Indian border town for smoother movement of passengers and cargo to the landlocked Himalayan nation, which neighbouring China is also trying to woo with a similar plan.

An agreement to study the feasibility of a rail line linking the two countries was signed by officials on Friday during a meeting between Nepal’s Prime Minister K.P. Sharma Oli and Indian premier Narendra Modi on the sidelines of a regional summit of seven South and East Asian countries.

India’s Konkan Railway Corporation Ltd will conduct a preliminary engineering and traffic survey for the rail line, India’s embassy in Nepal said in a statement.

The planned 130 km (80.78 mile) line from the Indian border town of Raxaul in eastern Bihar state to Nepalese capital Kathmandu, once built, will just be the second rail track in the mountainous nation. Nepal’s only railway link is a 35 km stretch in its southern plains.

Construction of the rail line and its funding will be finalised after the Konkan Railway submits its findings, officials said.

The bulk of Nepal’s overland foreign trade is routed through Raxaul and accounts for nearly two thirds of all trade in the landlocked nation. Imports by roadways are often delayed and expensive as cargo is carried in diesel-guzzling trucks.

“The Raxaul-Kathmandu rail line is expected to expand connectivity by enhancing people-to-people linkages between the two countries and promoting economic growth and development,” the Indian embassy statement said.

Nepal, wedged between China and India, is seeking to lessen its heavy dependence on New Delhi for trade and the supply of essential goods such as fuel, as it tries to improve connectivity with China.

China has already conducted a pre-feasibility study for a 70 km (42 miles) link connecting Gyiron in Tibet with Kathmandu, making it one of the most ambitious infrastructure projects in the rugged Himalayan mountains.

Political analysts say India’s plan to build the rail link in Nepal comes as New Delhi jostles with Beijing to wield greater influence over smaller neighbours.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Supreme Court bans construction activities in Maharashtra and other states

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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The Supreme Court banned construction activities in Maharashtra and other states and Union Territories (UTs), until the framing of a Policy under the Solid Waste Management Rules, 2016 by them.

These states have failed to frame Solid Waste Management Rules. The direction was issued by a bench comprising Justice MB Lokur and Justice S. Abdul Nazeer reprimanded a few States and UTs for their “pathetic attitude” in having delayed the formulation of a policy until now.

The order said, “In case the States have the interest of the people in mind and cleanliness and sanitation, they should frame a Policy in terms of the Solid Waste Management Rules so that the States remain clean. The attitude of the States/Union Territories in not yet framing a Policy even after two years is pathetic, to say the least.”

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Amit outwits Olympic champ to claim India’s only boxing gold at 18th Asiad

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Amit Panghal (49kg) on Saturday became only the eighth Indian boxer ever to claim a gold medal at the Asian Games with a stunning tactical win over reigning Olympic and Asian champion Hasanboy Dusmatov in the summit clash here.

The 22-year-old Armyman, the only Indian to make the finals, prevailed 3-2 against the more fancied Dusmatov, who had beaten him in a split verdict in last year’s world championships.

Amit, making his debut at the Games, showed immense tactical brilliance, especially in defence to outwit the Uzbek, who has an iconic status in international boxing. Dusmatov won a silver in the world championship last year.

But today, the Haryana-boxer extracted sweet revenge for the narrow loss in Hamburg, keeping his range and striking some clean right hooks and jabs to his shorter and slightly edgy opponent.

The Uzbek southpaw, known for his brilliant counter-attacks, seemed wary of the constantly-on-the-move Indian, who refused to fall into the trap of diving in.

The result was a frustrated Dusmatov being forced to lunge forward which worked perfectly well for the Indian in his counter-attacking game.

Today’s win marks the highest point Amit’s meteoric rise to the top, starting with an Asian Championships bronze last year. A world quarter-finalist, Amit claimed a silver in the Commonwealth Games.

Earlier this year, he also won gold medals at the inaugural India Open and the prestigious Strandja memorial in Bulgaria.

Vijender Singh and Vikas Krishan were the last set of male gold-medallists for India at the Asian Games. They had won their yellow metal at the 2010 Guangzhou edition. Vikas (75kg) settled for a bronze this time.

In the 2014 Games, M C Mary Kom was the lone gold-medallist for India.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Maruti Suzuki posts 3.4% decline in August sales

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Automobile major Maruti Suzuki India on Saturday reported a 3.4 percent dip in sales in August as the car maker sold a total of 158,189 units in the month, compared to 163,701 units sold in the year-ago month.

“Sales during the month were adversely affected due to severe floods in Kerala and heavy rains in other parts of the country,” it said.

In the domestic market, it sold 147,700 units during August, down by 2.8 percent from 152,000 units sold in the corresponding month in 2017.

The carmaker exported 10,489 units registering a 10.4 percent drop from 11,701 units shipped out in the year-ago month.

It sold 114,261 units of passenger cars in the August 2018, falling by 1.4 percent from 115,897 units sold in the corresponding month 2017.

Sales of its utility vehicles dropped by 16.2 percent to 17,971 units in August, while vans sales were at 13,663 units, decrease by 1.9 percent over corresponding month 2017.

However, during the first five months of the current fiscal, it posted a 12.4 per cent growth in sales to 813,037 units as compared to 723,618 units sold in the corresponding period of 2017-18.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Focus on diversity and equality at the 43rd Toronto International Film Festival beginning on September 6

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Focus on diversity and equality at the 43rd Toronto International Film Festival beginning on September 6.

One of the biggest attendances for the Toronto film festival this year will not be for a film. A rally to support women in film is expected to draw filmmakers, actors and activists to the streets in Canada’s commercial capital. The start of the festival weekend on September 8 will witness the Share Her Journey rally, organised as part of the Festival Street programme of the Toronto festival, starting on September 6.

With the Toronto International Film Festival (TIFF) attracting film industry professionals from all over the world, the rally promises to be big. Actor-director Nandita Das has already signed up. Das will be joined among others walking in solidarity with the women in global entertainment industry by British director Amma Asante and Canadian actor Mia Krishner, founder of #AfterMeToo movement.

Launched last year by the Toronto International Film Festival (TIFF) to achieve increasing participation, skills and opportunities for women behind and in front of the camera, Share Her Journey, is backed by the Time’s Up movement and #AfterMeToo, a Canadian initiative that recently won the support of author Margaret Atwood. “The excitement of festival is something we want to share with the entire city,” says TIFF artistic director Cameron Bailey.

After the rally, Das will be heading to the TIFF venue for the North American premiere of her new film, Manto. The film, which had its world premiere at the Cannes festival in May, tells the story of Urdu writer Saadat Hasan Manto’s troubles with the Partition and its aftermath. Assamese director Rima Das, who won the National Award for Best Picture for Village Rockstars – a Toronto discovery last year – will return to TIFF with her new film Bulbul Can Sing. For Dharamshala film festival directors and filmmakers Ritu Sarin and husband Tenzing Sonam, it has, however, taken more than a decade to come back to the festival. The couple’s second feature film, The Sweet Requiem, will have its world premiere at TIFF, 13 years after their first film, Dreaming Lhasa, was screened in Toronto. Like Rima Das, Anurag Kashyap too will have a film for the second successive year. Kashyap’s Manmarziyaan (Husband Material) follows his previous film Mukkabaaz (The Brawler).

There is a first for Indian cinema at TIFF this year. Ad director-turned-filmmaker Vasan Bala’s new feature film Mardo Ko Dard Nahi Hota (The Man Who Feels No Pain) will be part of TIFF’s Midnight Madness programme. The story of a young man born with the ability to withstand pain, it is the first Indian film chosen for the section, which attracts movies with a quirky content. “The Man Who Feels No Pain is an action-packed ode to a generation raised on the punches of Bruce Lee, the kicks of Jackie Chan, and the dance moves of Chiranjeevi,” says Midnight Madness programmer Peter Kuplowsky. Bala’s feature debut, Peddlers, was also screened at the Toronto festival in 2012.

Dharamshala-based couple Sarin and Sonam’s new film is an exploration of the identity of a refugee. Shot in the Tibetan refugee settlement of Majnu Ka Tilla in Delhi and also in Ladakh, The Sweet Requiem, is about a young woman looking back into her life as a child escaping from Tibet into India. “It is a dangerous crossing from Tibet to Nepal before these children reach India,” says Sonam, who was born in Darjeeling to Tibetan refugee parents. “This latest work is their most powerful and compassionate yet, contending with the sinister shadows of the past while envisioning a better future,” says Bailey in praise of the couple’s new work.

Toronto, which has a sizeable South Asian population, also sees movies made by Indians abroad in its official selection every year. This year is no different. Akash Sherman, an Indian-Canadian, will be screening his new fim, Clara, a sci-fi drama about an obsessive astronomer and his unconventional research partner looking for life in distant planets. The London-based Jayisha Patel brings her new short film, Circle, the horrors of a young girl caught in a cycle of abuse. Another film by an Indian-origin director in the TIFF short films section is The Field by Sandhya Suri, also a London-based filmmaker. The Field tells the story of a farm worker in an Indian village.

Actor Dev Patel will be seen in two films that will have its world premiere at TIFF — The Wedding Guest by British director Michael Winterbottom and Hotel Mumbai by Australian filmmaker Anthony Maras. The Wedding Guest, which also has Radhika Apte, traces a mysterious English man, played by Patel, travelling to Pakistan for a wedding. Hotel Mumbai is about a survivor of the 26/11 terror attack on the Taj Mahal hotel in Mumbai. Both films were shot in India. Another foreign film shot in India at TIFF this year is Maya by French director Mia Hansen-Love. Maya tells the story of a French correspondent released from captivity in Syria travelling to India to meet his godfather.

The Toronto festival is not limiting women in film to a rally. One-third of this year’s documentaries are directed by female filmmakers. Among the #MeToo inspired films are Searching for Ingmar Bergman by German director Margaretha von Trotta and Libyan director Naziha Arebi’s Freedom Fields, about a Libyan women’s football team’s struggle for recognition.

Michael Moore will be back in Toronto with Fahrenheit 11/9 on Donald Trump’s ascension to American presidency on November 9, 2016. The Fahrenheit 9/11 director was at TIFF two years ago with his documentary Where to Invade Next. Another much-anticipated movie will be Widows by British director Steve McQueen, whose 12 Years a Slave won the prestigious Toronto audience prize before it went on to win the Best Picture Oscar. In the film, McQueen, a famous artist, tells the story of four women left in a deadly lurch when their criminally connected husbands are all killed. “The sweeping range in cinematic storytelling from around the world is a testament to the uniqueness of the films that are being made.” says festival director and CEO Piers Handling. The festival will run up to September 16.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Here’s how your mutual funds performed last week

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Growth is back! Government data shows GDP growth for the first quarter (Apr – Jun) of FY2018-19 at 8.2%, the highest in 2 years. The actual growth handily beat a Reuters survey of economists that had expected GDP growth at 7.6%. Manufacturing sector led the way with a growth of 13.5%. With China posting a 6.7% growth in the same quarter, this firmly establishes India as the fastest growing major economy. Strong growth, historically, has led to better corporate earnings and consequently a stronger stock market.

The India Post Payments Bank is set for a launch giving a big boost to banking access in rural India. The Indian post department has around 1,30,000 service points in rural India while there are about 50,000 bank branches in rural India.

Just as it has done globally, Index funds are gaining popularity in India as well with Mirae Asset seeking to launch a Nifty 50 Index fund. Index funds track the constituent of an Index (Nifty 50, Next Nifty 50, BSE Sensex etc.) and have low expense ratios.

What worked best:

Equity markets continued the strong bull run as BSE Sensex and NIFTY rose by 1.03% and 1.07% respectively over the week. Small Cap Index surged by 1.95% whereas Mid Cap Index outperformed to close up 1.99% for the week.

Movers and shakers at fund house:

• Principal Financial Group completed full ownership of their joint venture Principal Pnb Asset Management Company Private Limited. Punjab National Bank had previously owned a 21.38% stake in Principal PNB AMC.
• Canara Robeco Mutual Fund announced resignation of Mr. Shital Kumar Jain as the director on Board of Directors of Canara Robeco Asset Management Company Limited.
• UTI Mutual Fund announced resignation of Mr. P N Venkatachalam as the director on Board of Directors of UTI Asset Management Company Ltd. (UTI AMC) effective from Aug 16.

Quote of the week:

India’s sustained growth reflects its strong resilience to adverse global conditions, because of strong economic fundamentals. The encouraging growth rates in agriculture, manufacturing and construction show that the growth momentum continues to be broad based. – Bibek Debroy, Chairman of the Economic Advisory Council to Prime Minister

Manvendra Singh Rathore is an Analyst at Kuvera.in: India’s first completely free Direct Mutual Fund investing platform.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Credit growth doubles in July’18 at 10.6 per cent

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Non-food credit growth in the system accelerated to 10.6 percent for July as compared to the previous year, driven by loans to the services sector growing at a faster clip, the Reserve Bank today said.

The system had notched a credit growth of 5.3 percent for the same period in the year-ago period.

Credit to the services sector grew 23 percent for the reporting period, up from the year-ago period’s 4.9 percent, it said, adding that the data has been collected from 41 scheduled commercial banks in the system accounting for 90 percent of credit.

Agri loans saw a marginal dip in growth at 6.6 percent for July 2018 as against 6.8 percent in the year-ago period, it said.

Credit to industry rose 0.3 percent, with sub-sectors such as infrastructure, textiles, chemicals, food processing and engineering showing acceleration, while loans to basic metal and metal products, petroleum, coal products and nuclear fuels, cement and cement products and paper and paper products declined.

Personal loans continued their good showing and accelerated by 16.7 percent as against the year-ago’s 15 percent, it said.

The apex bank also released quarterly data on deposits and credit, which pointed out a deceleration in rural credit growth in the April-June 2018 period to 8.3 percent from 12.3 percent in the year-ago period and 13 percent in the preceding quarter.

Bank credit growth in the June quarter was led by metropolitan branches which witnessed a four-year high in credit growth, accounting for 64 percent of the overall lending, it said.

Private sector banks continued to lead deposit mobilisation, while state-run lenders showed a modest pick-up in growth in deposits and foreign banks showed a moderation in deposit growth.

Two-thirds of the total business for banks came from seven states — Maharashtra, Delhi, Tamil Nadu, Karnataka, Uttar Pradesh, Gujarat and West Bengal, it said.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

The most important lesson I have learned as a financial planner

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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In the last 20 years of my professional life, I have seen that every person has a time. This rule has worked without fail. Let me explain what I mean. There is a time that comes in everyone’s life. A time where he is going to think that he needs advise, a time where he is going to think that he might need money or a time where he thinks… I need to take a good decision.

Until such time as it does not come, you don’t take any action. It is unfortunate, it is ironical but that’s the fact. Plain and simple. You may call this a moment of truth.

I have had several examples, when somebody meets me and then obviously nothing happens and then one fine day after two years, suddenly there is action that comes in, suddenly there is an investment that he feels like doing or suddenly he feels like getting his financial planning done or he feels like getting some advice on his asset allocation.

It just happens and I guarantee you there is this time that comes in everyone’s life without fail. You may not have met the right person to give the right advise and therefore, you have not have invested.

You may not have got the right product, you may not have got the right stock and you may not have come across the right mutual fund to invest. It’s really spooky, but it just happens. It’s strange, yes it is, very strange, but everyone has a time.

There is that time that you will be able to buy a property, there is that time where no matter how hard you try you will not even be able to save even five rupees. There is that time where you will suddenly be able to save, invest, you will make so much profit and your lakhs will turn into crores.

We have seen all this. I have experienced all of this, it’s live, this has happened in front of me.

Once upon a time, I used to feel that I am disappointed that somebody is not investing when I spent about an hour or two talking to them. But now I think, oh dear, if they didn’t invest and I was giving them good advice, I don’t know when their time is going to come.

People come and sometimes they come in and unfortunately they press the eject button too soon. They are not patient, they do not have the furtherance to wait for a while and are very very timid. Maybe you were sceptical at that point in time. But all these things suddenly and magically happen one day, with whom, when and where is hard to say. But I want you to take a message.

Trust, just one thing… your time will also come. Don’t sweat about it, don’t feel depressed about it, don’t try and be living with anxiety all the time. If you are not able to save right now, it’s ok, don’t worry, just get your health insurance and life insurance in order. Just buy the cheapest products, just buy the bare minimum, do the bare minimum required, keep some reserve fund, keep a little fund in your deposit or fixed deposit or something, just in case of a rainy day. I mean do basic things, do simple things, don’t sweat about the complex things.

When you hear your inner voice telling you, “Look we need to do something about money, at that point in time don’t procrastinate, perhaps even its an indication that you need to act now, that your time has come.” But then again, there is a very good chance, it’s ironical, you might procrastinate and in that, that opportunity will go again.

But again don’t sweat about it, because once again that opportunity will come. Sometimes it might get too late, you might sort of know that awakening would come but at that moment you are 50 or 55 years old. But hey… what the hell, you are not going to die tomorrow, right?

You still have many years to go… so when you hear that voice, Please try and act Immediately.

Kartik Jhaveri is an expert at planning money, life & aspirations. He is a Certified Financial Planner, Wealth Manager & Financial Freedom Coach. 

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow