Prez: Governors to have key role in New India dream

NEW DELHI: Governors should inspire and connect all relevant stakeholders in their respective states for the creation of a ‘New India’ that is free of corruption, poverty, illiteracy, malnutrition and unhygienic conditions, President Ramnath Kovind said on Thursday.

He was addressing the 48th conference of Governors and Lieutenant Governors of states and Union Territories here. Kovind said in the “current paradigm of cooperative federalism”, the obligation of governors to commit themselves to the welfare of people was more pronounced.

“The president said that being an intrinsic part of the legislative system in their states, governors can provide a new dimension to the development of their states by communicating with legislators, and inviting them to Raj Bhavan to deliberate on subjects related to public well-being,” a statement issued by the Rashtrapati Bhavan quoted Kovind as saying.

The t wo-day conference, which began on Thursday, was attended by PM Narendra Modi and Vice President M Venkaiah Naidu, among others. Modi said that governors can become catalytic agents for change in the society while upholding the sanctity of the Constitution. MUMBAI: Tata Consultancy Services Ltd’s (TCS) quarterly revenue rose 1.7% in constant currency terms in the second quarter from the preceding three months, lower than already depressed expectations, but a 150 basis point boost from positive currency movement and better operational efficiency helped the company report a 3.2% sequential dollar revenue increase, allowing it to beat analysts’ expectations in the July-september period.

Nonetheless, the July-september period marks the 12th straight quarter when India’s largest software services company has either underperformed, or at best managed to match analysts’ estimates in constant currency terms.

One reason for this prolonged underperformance is its current size: TCS, which ended the September quarter with $4.74 billion revenue, now does more business in a three-month period than Tech Mahindra Ltd, India’s fifth largest information technology (IT) services company, did in 2016-17. Still, a subdued performance in what is seasonally the strongest quarter for India’s $154 billion outsourcing industry masks the optimism expressed by the management of TCS.