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How could India attract more business and investment? By introducing increased transparency and openness in the system says Banmali Agrawala, president and CEO for <keyword id="376736" type="COMPANY" weightage="80" keywordseo="GE-South-Asia">GE South Asia</keyword>. He said, “Foreign companies would be more optimistic in doing business in the country if they find the conditions to be more favourable.” 
		 
	
		 "I feel better ... with transparency and openness in the system. You at least are sure you will not be shortchanged. This should provide encouragement for global players. The mindshare within GE, in terms of what is happening in India, is more upbeat now," he told the Economic Times in an interview. 
		 
	
		GE itself is upbeat about the pace of work in the railways, oil, gas and renewable energy sectors, where it sees heightened activity led by state enterprises and progress in government orders for equipment, but it expects more progress in the power sector, he said. <keyword id="114046" type="CITY" weightage="80" keywordseo="General-Electric">General Electric</keyword> (GE) is an American multinational conglomerate corporation and operates in power and water, oil and gas, energy management, aviation, healthcare, transportation, and capital segments. The company has operated in India for more than a century, expects to grow two to three times the rate of <keyword id="35050" type="CITY" weightage="80" keywordseo="gdp">GDP</keyword> growth, something it hasn't achieved in the country in recent years. 
		 
	
		Agrawala said that in some countries, international companies had done well with negotiated deals with governments after thrashing out various issues with the authorities. Agrawala said GE was happy by the progress in the railway ministry led by <keyword id="6356597" type="PERSON" weightage="80" keywordseo="Suresh-Prabhu">Suresh Prabhu</keyword> as the ministry was sorting out various issues and had moved well in a large tender for 1,000 <keyword id="391854" type="UNKNOWN" weightage="80" keywordseo="locomotives">locomotives</keyword> over 10 years. He said the oil and gas sector, particularly the exploration efforts of state-run Oil and <keyword id="128652" type="CITY" weightage="80" keywordseo="Natural-Gas-Corporation">Natural Gas Corporation</keyword> (ONGC), has made good progress under the new government. "I hope they will continue down this path. The government should take advantage of the fall in international prices of oil," he said, referring to the decline in costs of oilfield equipment and services. 
		 
	
		Among GE's areas of business, power sector has still not turned around, he said. The sector's key issue was the poor health of the state electricity boards, which were reporting huge losses, he said. 
		 
	
		Sector experts say that the losses of state utilities are a big bottleneck because they often prefer to cut supplies to reduce losses. This leads to a situation where consumers face blackouts while power plants have surplus capacity because the intermediary is inefficient and financially insolvent. "I would have liked to see more movement in the power sector. The fundamental challenge is the state electricity boards. Some solution has to be found. We may give coal, fuel and all that, but how do you address the issue of the SEBs? Something dramatic needs to be done," he said. He said foreign firms would be willing to <keyword id="47916" type="UNKNOWN" weightage="60" keywordseo="invest">invest</keyword> in India's power sector, but for this to happen the key problems of the sector would have to be sorted out. He said there was no dearth of investible funds in the world, and the Indian power sector could be a good destination if the key issues were addressed. 
		 
	
		Agrawala also said that the government was responsive and communicative although it preferred meetings with industry platforms, not individual companies. 
		 
	
		He said GE had raised issues with the government, and it has always received replies to its letters from the authorities. 
		 
		(Image: Indiatimes)

Transparency and openness key factors for doing business in India: GE South Asia head

When we think of <a href="http://www.businessinsider.in/searchresult.cms?query=CEOs&amp;sortorder=effectivedate">CEOs</a>- the people behind successful companies, what we imagine are individuals dressed in expensive suits attending business meetings and answering numerous phone calls, and while this is true- the scene that greeted people on August 6 was slightly different. 
 
There were no meetings or suits. But, in attendance were 17 CEOs representing the country’s leading organisations, ready to sing their heart out. 
 As part of the 17th edition of ‘<keyword id="2948076" type="UNKNOWN" weightage="100" keywordseo="CEOs-Sing-for-GF-kids">CEOs Sing for GF Kids</keyword>,’ <keyword id="389223" type="ORGANIZATION" weightage="100" keywordseo="Genesis-Foundation">Genesis Foundation</keyword>’s annual fundraiser, the participating CEOs let out their inner singers to raise money for <a href="http://www.businessinsider.in/searchresult.cms?query=underprivileged+children&amp;sortorder=effectivedate">unprivileged children</a>. 
 
Each year, CEOs Sing For GF Kids gives corporate leaders a chance to take time out from their hectic schedules to step out of the boardroom and get on to the stage to showcase their talent. 
 
The event which saw over 150 guests in attendance at Crowne Plaza in <a href="http://www.businessinsider.in/searchresult.cms?query=gurgaon&amp;sortorder=effectivedate">Gurgaon</a> had a minor technical glitch- but even that wasn’t enough to deter the big-hearted CEOs who ensured that the guests were entertained throughout the evening. 
 Starting off was <keyword id="214321" type="PERSON" weightage="100" keywordseo="Vishal-Malik">Vishal Malik</keyword>, the Head of Operations, McKinsey Implementation Practice and McKinsey Capability Center (MCC), India who set the melodious tone for the rest of the evening with his medley of songs. Following him was a tough act but <keyword id="255897" type="PERSON" weightage="100" keywordseo="Banmali-Agrawala">Banmali Agrawala</keyword>, the President and CEO, GE South Asia was not one to say no to a challenge. His beautiful rendition of the ‘<keyword id="2726596" type="UNKNOWN" weightage="100" keywordseo="Moh-Moh-Ke-Dhaage">Moh Moh Ke Dhaage</keyword>’ captivated the audiences. P Balaji, Director, Regulatory &amp; External Affairs &amp; <keyword id="6354502" type="ORGANIZATION" weightage="100" keywordseo="CSR">CSR</keyword>, <a href="http://www.businessinsider.in/searchresult.cms?query=vodafone&amp;sortorder=effectivedate">Vodafone</a> India’s medley of Hum Kissi Se Kam Nahin also stood out, among others. 
 
Amidst the other performances, the corporate honchos also found time to come together and sing a couple of songs that had the crowd hooting and cheering. Infact, a number of CEOs claim that they have managed to revive their musical side in the past few years thanks to Genesis Foundation’s annual fund-raiser. 
 Genesis Foundation was established by <keyword id="1003912" type="PERSON" weightage="100" keywordseo="Prema-Sagar">Prema Sagar</keyword>, principal and founder, <keyword id="3630801" type="UNKNOWN" weightage="100" keywordseo="genesis-burston-marsteller">Genesis Burston-Marsteller</keyword>, to provide medical aid to critically ill children in the areas of <a href="http://www.businessinsider.in/searchresult.cms?query=cancer&amp;sortorder=effectivedate">cancer</a>, cardiac disorder, post organ transplant, thalassemia and extreme deformities. Since its inception, the Foundation has supported nearly 1000 children in need of medical aid and support. 
 
“It brings nothing but happiness and true meaning to our cause knowing that we have had yet another successful CEOs Sing for GF Kids. The work, dedication and love for music, that brought together the CEOs, the audience and our team at Genesis Foundation is what makes evenings like this so magical and memorable. Ultimately, the aim is to financially support as many critically ill children as we can, and what better way to do that than with such evenings!” said Prema Sagar, Founder Trustee, Genesis Foundation. 
 
In keeping with the Foundation’s goal to build a participatory culture of giving, musically-inclined CEOs come together regularly to perform at these fund-raising concerts. 
 
Image credit: Genesis Foundation 
.

When CEOs of top companies came together to sing for
underprivileged kids

New Delhi, May 5 () The CSIR's Institute of Genomics and Integrative Biology (IGIB) and Tata Sons have signed an agreement for licensing of the knowhow of a COVID-19 diagnostic kit which can be used for testing on ground by the month-end, a statement said on Tuesday. In another development, CSIR's Centre for Cellular and Molecular Biology (CCMB), Hyderabad has tied up with a Bengaluru-based company, Eyestem Research Private Limited, to grow novel coronavirus in human cell lines, which will enable in vitro testing of potential drugs and vaccines against COVID-19.The Council for Scientific and Industrial Research (CSIR), a premier organisation under the Ministry of Science and Technology, has 38 institutes and laboratories under it. Most of them are currently involved in developing aids linked to battling COVID-19.The IGIB has developed FNCAS9 Editor Linked Uniform Detection Assay (FELUDA) for low cost and rapid diagnosis of COVID-19."The licence shall include transfer of the knowledge for scaling up the knowhow in the form of a kit that can be deployed for COVID-19 testing on ground as early as end of May," the statement added. A completely indigenous scientific invention, FELUDA for COVID-19 has been designed for mitigating the ongoing COVID-19 situation and cater to mass testing. Its main advantages are its affordability, relative ease of use and non-dependency on expensive RT-PCR machines. Commenting on the agreement, Banmali Agrawala, President - Infrastructure and Defence &amp; Aerospace, Tata Sons said, "This innovative CRISPR 'Feluda' test uses cutting edge CRISPR technology for detection of genomic sequence of novel coronavirus. "It uses a test protocol that is simple to administer and easy to interpret enabling results to be made available to the medical fraternity in relatively lesser time, as compared to other test protocols. We believe that CRISPR is futuristic technology that can also be configured for detection of multiple other pathogens in the future." With regards to collaboration between CCMB and Eyestem, the research team will use the latter's human lung epithelial cell culture system provided as part of its Anti-COVID Screening (ACS) platform to understand the molecular and pathological characteristics of the novel coronavirus.This will help in establishing a rational basis for testing potential drugs in vitro, CCMB scientists said."Culturing the virus outside the human host is a technological challenge that needs to be overcome. Eyestem's cell culture system expresses the ACE2 receptor and other genes that are key determinants of viral entry and replication. "We hope that employing this system will allow the CCMB team led by Dr Krishnan Harshan to grow the virus predictably and thereby open up the potential for the drug screening and vaccine development strategies," said Dr. Rakesh Mishra, Director, CCMB. PR ZMN

CSIR's IGIB, Tata Sons sign MoU for knowhow of COVID-19 diagnostic kit

<div class="KonaFilter image-container display-table"><div><div class="image on-image">Samantha Lee/Business Insider</div></div></div><ul class="summary-list"><li>The rise of <a href="https://www.businessinsider.com/category/deepfakes">deepfakes</a>, or videos created using AI that can make it look like someone said or did something they have never done, has raised concerns over how such technology could be used to spread misinformation and damage reputations.</li><li>High-profile figures such as <a href="https://www.businessinsider.com/category/facebook">Facebook</a> CEO Mark Zuckerberg, former President Barack Obama, and "Wonder Woman" actress Gal Godot have all appeared in deepfake videos in recent years.</li><li>Congress has been discussing legal measures that could be taken to mitigate the potential damage inflicted by deepfake video content, but doing so without impacting free speech could prove challenging. </li><li>Using algorithms to identify deepfakes could also be difficult considering those who are creating such videos will likely find ways to circumvent such detection methods, experts say.</li><li><a href="https://www.businessinsider.com/">Visit Business Insider's homepage for more stories. </a></li></ul>In a <a href="https://www.businessinsider.com/deepfake-video-mark-zuckerberg-instagram-2019-6">video that surfaced</a> about a month ago, Mark Zuckerberg blankly stared into the camera from what appeared to be an office. He made a simple request of his viewers. "Imagine this for a second," he said. "One man, with total control of billions of people's stolen data. All their secrets, their lives, their futures." Except it wasn't really the Facebook CEO. It was a digital replica of him <a href="https://www.businessinsider.com/deepfakes-explained-the-rise-of-fake-realistic-videos-online-2019-6">known as a deepfake</a>: a phony video created using AI that can make it look like a person said or did something they have never actually done. Recognizable faces ranging from actor Kit Harrington <a href="https://www.businessinsider.com/jon-snow-apologizes-for-game-of-thrones-fake-video-2019-6">as Jon Snow from "Game of Thrones"</a> to former President Barack Obama have been the subject of such videos over the past year. And while these videos can be harmless, such as the clip of Jon Snow apologizing for the way the beloved HBO series ended, the technology has raised serious concerns about how manipulating videos and photos through artificial intelligence could potentially be used to spread misinformation or damage one's reputation. And according to experts, the deepfake movement isn't likely to slow down anytime soon."Technologically speaking, there is nothing we can do," said Ali Farhadi, senior research manager for the computer vision group at the Allen Institute for Artificial Intelligence. "The technology is out there, [and] people can start using it in whatever way they can."<h2>'We're entering an era in which our enemies can make anyone say anything at any point in time'</h2>It's unclear precisely when deepfakes were invented, but the trend began to gain widespread attention in late 2017 when a fake porn video purporting to feature "Wonder Woman" actress Gal Godot was published on Reddit by a user who went by the pseudonym "deepfakes," as <a href="https://www.vice.com/en_us/article/gydydm/gal-gadot-fake-ai-porn">Vice reported</a> at the time. Since then, a range of doctored videos featuring high-profile celebrities and politicians have appeared online - some of which are meant to be satirical, others which have portrayed public figures in a negative light, and others which were created to prove a point. Videos of famous movie scenes that had been digitally altered to feature actor Nicholas Cage's face <a href="https://mashable.com/2018/01/31/nicolas-cage-face-swapping-deepfakes/">went viral in early 2018</a>, representing the lighter side of the spectrum showing how such tools could be used to foster entertainment.Then last April, <a href="https://www.buzzfeed.com/craigsilverman/obama-jordan-peele-deepfake-video-debunk-buzzfeed?utm_term=.bxbj7Rqm7#.hsZ0VPeyV">BuzzFeed posted</a> an eerily realistic fake video showing former president Barack Obama saying words he had never spoken as part of an effort to spread awareness about the potential risks that come with using such technology in devious ways. "We're entering an era in which our enemies can make anyone say anything at any point in time," the Obama deepfake says in the video. Read more: <a href="https://www.businessinsider.com/how-google-facebook-apple-respond-to-tech-regulation-2019-7">Facebook, Google, and Apple are going on the defense as the battle cry to break up 'big tech' gets louder than ever</a>Facebook also recently found itself in hot water after it <a href="https://www.businessinsider.com/nancy-pelosi-fake-video-facebook-news-2019-5">refused to take down</a> a slowed down video of House Speaker Nancy Pelosi that made it look as if she had been intoxicated. While that video wasn't technically a deepfake, it still raised questions about how easily video can be doctored and distributed. At the end of June, a controversial web app <a href="https://www.businessinsider.com/deepnude-app-makes-deepfake-nudes-women-easy-revenge-porn-bullying-2019-6">called DeepNude</a> allowed users to create realistic naked images of women just by uploading photos to the app, demonstrating how such AI technologies could be used nefariously. The app has since been shut down. The manipulation of digital video and images is not new. But advancements in artificial intelligence, easier access to tools for altering video, and the scale at which doctored videos can be distributed are. Those latter two points are largely the reason why deepfakes may be prompting more concern than the rise of other photo and video editing tools in the past, says John Villasenor, a nonresident senior fellow at the Brookings Institution and a professor of electrical engineering, public policy, law, and management at the University of California, Los Angeles."Everyone's a global broadcaster now," said Villasenor. "So I think it's those two things together that create a fundamentally different landscape than we had when Photoshop came out."Deepfakes are created by using training data - i.e. images or videos of a subject - to construct a three-dimensional model of a person, according to Villasenor. The amount of data required could vary depending on the system being used and the quality of the deepfake you're trying to create. Developing a convincing deepfake could require thousands of samples, says Farhadi, while Samsung developed an AI system that was able to generate a fabricated video clip <a href="https://www.cnet.com/news/samsung-ai-deepfake-can-fabricate-a-video-of-you-from-a-single-photo-mona-lisa-cheapfake-dumbfake/">with just one photo</a>. Even though the technology has become more accessible and sophisticated that it once was, it still requires some level of expertise such as an understanding of deep learning algorithms, says Farhadi. "It's not like with a click of a button you start generating deepfakes," he says. "It's a lot of work." <h2>'An arms race'</h2>It's likely impossible to prevent deepfakes from being created or to prohibit them from spreading on social media and elsewhere. But even if it was possible to do so, outright banning deepfakes likely isn't the solution. That's because it's not the technology itself, but how it's being used, that can be problematic, says Maneesh Agrawala, the Forest Baskett Professor of Computer Science and director of the Brown Institute for Media Innovation at Stanford University. So eliminating deepfakes may not address the root of the issue. "Misinformation can still be presented even if the video is 100% real," said Agrawala. "So the concern that we have is with misinformation, not so much with the technologies that are creating these videos."That begs the question as to what can be done to prevent deepfakes from being used in dangerous ways that potentially could cause harm. Experts seem to agree that there are two potential approaches: technological solutions that can detect when a video has been doctored and legal frameworks that penalize those who use the technology to smear others. Neither avenue is fool-proof, and it's still unclear how such fixes would work.Although a clear solution doesn't exist yet, the question over how to address deepfakes has been a topic of discussion within Congress in recent months. Last December, Republican Senator Ben Sasse of Nebraska proposed a bill known as the "<a href="https://www.congress.gov/bill/115th-congress/senate-bill/3805/text">Malicious Deep Fake Prohibition Act of 2018</a>," which seeks to prohibit "fraudulent audiovisual records." The "<a href="https://www.congress.gov/bill/116th-congress/house-bill/3230/text">DEEP FAKES Accountability Act</a>" proposed by New York Democratic Representative Yvette Clarke in June requires that altered media is clearly labeled as such with a watermark. The proposed bill would also impose civil and criminal penalties for violations.But imposing legislation to crack down on deepfakes in a way that doesn't infringe on free speech or impact public discourse could be challenging, even if such rules do provide exceptions for entertainment content, as the <a href="https://www.eff.org/deeplinks/2019/06/congress-should-not-rush-regulate-deepfakes">Electronic Frontier Foundation</a> notes.The <a href="https://www.instagram.com/p/ByaVigGFP2U/?utm_source=ig_embed&amp;utm_campaign=embed_video_watch_again">Zuckerberg deepfake,</a> for example, was created as part of an exhibit for a documentary festival. "I think it's important to be careful and nuanced in how we talk about the potential for damage," says Agrawala, who along with other researchers from Stanford, Max Planck Institute for Informatics, Princeton University, and Adobe Research created an algorithm that can <a href="https://arxiv.org/abs/1906.01524">edit talking-head videos through text</a>. "I think there are a number of really important use cases for that kind of technology."Plus, taking legal action is often time-consuming, which could make it difficult to use legal measures to mitigate potential harm stemming from deepfakes."Election cycles are influenced over the course of sometimes days or even hours with social media, so if someone wants to take legal action that could take weeks or even months," says Villasenor. "And in many cases, the damage may have already been done."Read more: <a href="https://www.businessinsider.com/tim-cook-stanford-commencement-speech-2019-6">Apple CEO Tim Cook called out companies like Facebook, Theranos, and YouTube in a speech pushing for responsibility in Silicon Valley</a>According to Farhadi, one of the most efficient ways to address the issue is to build systems that can distinguish a deepfake from a genuine video. This can be done by using algorithms that are similar to those that have been developed to create deepfakes in the first place, since that data can be used to train the detectors. But that may not be very helpful for detecting more sophisticated deepfakes as they continue to evolve, says Sean Gourley, the founder and CEO of Primer AI, a machine intelligence firm that builds products for analyzing large data sets. "You can kind of think of this like zero-day attacks in the cybersecurity space," says Gourley. "The zero-day attack is one that no one's seen before, and thus has no defenses against." As is often the case with cybersecurity, it can be difficult for those trying to solve issues and patch bugs to remain one step ahead of malicious actors. The same goes for deepfakes, says Villasenor."It's sort of an arms race," he says. "You're always going to be a few steps behind on the detection." <div class="margin-top"> <h3>NOW WATCH: <a href="https://www.businessinsider.com/why-verizon-att-charge-more-extra-mobile-data-unlimited-plan-2019-6">Here's why phone companies like Verizon and AT&amp;T charge more for extra data</a></h3> <div> </div> </div>

There's a terrifying trend on the internet that could be used to ruin your reputation, and no one knows how to stop it

“If I am going to bet on any country, it's India” – a statement made by John Chambers, Executive Chairman, Cisco, set the tone for the CNN Asia Business Forum 2016 at the ongoing <keyword id="3175033" type="UNKNOWN" weightage="20" keywordseo="Make-in-India-Week">Make In India Week</keyword> in Mumbai. 
 
The mega event is being organized by the Confederation of Indian Industry (CII) in partnership with Department of Industrial Policy and Promotion (DIPP) and the Government of Maharashtra in Mumbai. 
 The forum was attended by Finance Minister <keyword id="42575" type="PERSON" weightage="20" keywordseo="Arun-Jaitley">Arun Jaitley</keyword>, along with industry leaders from across the world who gathered to discuss the potential for growth and business in Asia. 
 
Speaking on the occasion, the Finance Minister said, “Innovation and services will bring jobs even as manufacturing turns high-tech. The nature of manufacturing and job creation itself will change. Government is committed to making India's tax regime stable and predictable.” 
 Highlighting the government’s ongoing reforms, Mr. Jaitley said, “Second generation reforms began two years ago to realise India's true potential. What we have realized is that unreasonable tax demands never bring revenue. In a federal system it is difficult to get states to surrender taxation power. As far as indirect tax regime is concerned, <keyword id="6354679" type="ORGANIZATION" weightage="20" keywordseo="GST">GST</keyword> is the big tool; it will bring reform in the way we do business. Even if India's GST model is watered down, we have to start somewhere,” he added. 
 Speaking on the benefits of the <keyword id="6354869" type="UNKNOWN" weightage="20" keywordseo="make-in-India">Make in India</keyword> Week, Mr. Jaitley stressed that the importance of making in India will only be realized when it’s benchmarked to the world. While making in India has got it’s impetus from the Modi government, infrastructure is an obstacle on the road to manufacturing. Lack of good infrastructure makes it difficult for businesses to operate. The Finance Minister said that the government has covered a huge distance in terms of infrastructure – be it ports, highways or rural networks, and has increased public spending in the past few months. 
 
The government is concentrating on infrastructure in a big way. Railways and highways have been net beneficiaries of public spending while sectors like power have benefited from private investment. In the months to come, rural reforms will also be taken up. 
 
Speaking on agriculture, Mr. Jaitley observed that agriculture is one sector where investment yields faster results. “Investment in this sector has been relatively less in the past but the government is now focusing on areas of investment in agriculture - on rural roads, electrification and irrigation,” he said. 
 
Speaking of ailing public units, the finance minister said that the State will not get out of the banking business. Addressing the question on the need for their existence, Mr. Jaitley said that these banks are important for the purpose of geographical reach. However, these banks and their boards have to be professionalized. “Digital technology should be used to remove income inequality.” 
 
Exploring new ideas, technology and leadership skills that will shape India’s economic and social future, Cisco’s John Chambers said, "Every company in this world will become a tech company. 40% of today's non-tech companies will disappear in the next 10 years. Eighteen months ago, I said if you want to bet on one country, it is India as the country is in sync with the speed of innovation in the current digital age. Anticipating the market and adapting to change in market dynamics, India is moving at a fast pace in the digital era. Regardless of political divides, Indians have to come together for growth. If you still haven't invested in India you may miss the bus.” 
 Sharing his views on the government’s campaign ‘Make in India’, <keyword id="46425" type="PERSON" weightage="20" keywordseo="Anand-Mahindra">Anand Mahindra</keyword>, Chairman, <keyword id="6355744" type="CITY" weightage="20" keywordseo="Mahindra-Group">Mahindra Group</keyword>, said, “Make in India is not a mandate but a rallying cry. The government is trying to draw attention of investors. All I say is that you cannot mandate innovation. All the government needs to do is put in regulation and institutions, and then leave the rest to business. Speaking of the possible impact of an increase in manufacturing on the environment, Mr. Mahindra observed that more investments are going to flow into companies that are carbon neutral. 
 
“India is a highly innovative place,” said Banmali Agrawala, President &amp; CEO, South Asia, GE, speaking on behalf of a manufacturing pioneer which is creating jobs and building factories around the globe. “We're pressing the pedal on getting digital.” 
 Throwing light on the investment climate of the country, Kumar Mangalam Birla, Chairman, <keyword id="6359480" type="PERSON" weightage="20" keywordseo="Aditya-Birla">Aditya Birla</keyword> Group said, “We as a country are highly innovative. It is part of our DNA. We have a government here which is focusing on more on manufacturing than ever before. The government wants to be a catalyst through its ‘Make in India’ initiatives. Today, several new opportunities have opened up for the private sector in India, which cannot be ignored.” 
 
(Image credits: BCCL)

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There's a terrifying trend on the internet that could be used to ruin your reputation, and no one knows how to stop it

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