Citizens' Issues
Prabhu launches 3 IT enabled applications for railways
New Delhi : IT-enabled handheld terminals for travelling ticket examiners (TTEs), a paperless unreserved ticketing mobile application and a facility for E-booking of disposable linen on trains were launched by Railways Minister Suresh Prabhu on Wednesday.
 
"Indian Railways is heading towards Digital India to bring transparency in Indian Railways and thus these IT enabled applications have been launched," said Prabhu at the ceremony at Rail Bhavan.
 
He said the handheld terminals launched in Northern Railways will enable TTEs to update an entire train's passenger list and highlight vacant berths which can be sent back to HHT application servers, the Passenger Reservation System (PRS) terminals and indianrail.gov website to be viewed.
 
He later launched unreserved ticketing mobile application 'UTSONMOBILE' in South Central Railway which was developed with the help of Centre for Railway Information Systems (CRIS).
 
The application was earlier launched in select sectors of South, Western, Northern, Eastern and Central Railways.
 
The New Delhi and Hazarat Nizamuddin Railway Stations here featured in the extension of the recently launched takeaway e-Bedroll pilot project.
 
Type one of the takeaway bedroll scheme offers a bedroll kit packed in a non-woven fabric bag consisting of one pillow and two cotton bedsheets at Rs.140 while the other costing Rs.110 offers a single blanket in a non-woven bag. Both types are inclusive of all taxes.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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RBI had rejected Headley's application to open business account
Mumbai:  The Reserve Bank of India had rejected an application by Lashkar-e-Taiba (LeT) terrorist-turned-approver David Coleman Headley seeking clearance to open a business account in June 2007, a Mumbai special court was informed on Thursday.
 
Making this revelation, Headley said he had received funds for terror from both LeT and Pakistan's ISI which was used for gathering intelligence and other works in India, including starting a business.
 
With this funding, Headley said, he opened an office in south Mumbai's Tardeo area and on October 12, 2006, he even applied to Reserve Bank of India for permission to open a business account.
 
Interestingly, his visa consultant in Chicago, Raymond Sanders - who had earlier assisted him in procuring an Indian visa with false information - also helped him in the RBI formality, but the country's apex bank rejected the application on June 1, 2007.
 
In January 2007, hoping to launch a business in India, Headley had hired an office in Tardeo A/C Market for Rs. 13,500 per month and named his landlord as Vora and Maroo Bharucha who was his secretary at the office.
 
The opening of office and application to open a business bank account were in consonance with the earlier plans by his handlers who wanted him to start a business in India.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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Shrinking user base triggers sharp fall in Twitter shares
New York : A sequential decline in its monthly active users (MAUs) base triggered a sharp fall for Twitter shares in the after-hours trade, as the company announced its fourth quarter results on Wednesday.
 
The micro-blogging site reported 305 million monthly active users for the fourth quarter, compared to 307 million in the third quarter that excluded SMS-only followers.
 
The almost-flat user growth led to its shares falling as much as 13 percent in extended trading, Tech Crunch reported, hitting another new low of around $13.75 before flattening out to 3 percent in extended trading.
 
"We saw a decline in monthly active usage in Q4, but we've already seen January monthly actives bounce back to Q3 levels. We're confident that, with disciplined execution, this growth trend will continue over time," the company said in its earning statement.
 
It reported earnings of 16 cents per share and revenue of $710 million. Twitter said it expects between $595 million and $610 million in revenue for the first quarter, compared to the estimates of $629 million.
 
Still, revenue was up 48 percent year-over-year despite stalled user growth, the report added.
 
"Positive impacts from our marketing initiatives which contributed meaningfully to MAU growth. However, these were more than offset by organic declines, partially due to fourth quarter seasonal trends."
 
In the past year, the stock has fallen nearly 70 percent and investors are looking for long-term growth from Twitter.
 
"Not being able to add any new active users in the last quarter will disappoint some, particularly investors. Yet it did see active advertisers go up by almost 90 percent year-on-year," said Sotirios Paroutis, associate professor with the Warwick Business School.
 
"Plus, historically, Q4 has been a slow quarter for Twitter. While in 2016 the US elections and the Olympics will be two big events that are expected to help push their active users up," said Paroutis, who specialises in strategic management and specifically researches Twitter.
 
"Twitter has delivered a number of product innovations, but these need to be less confusing for core users and attractive enough for new users. The focus on 'live' and experiencing live events is a clear effort to explain Twitter to a wider audience."
 
Now, in an attempt to bring tweets to more people across the globe, Twitter is planning to introduce an algorithmic timeline like Facebook. The timeline will reorder tweets based on what Twitter's algorithm thinks people most want to see.
 
The home timeline will be rolled out to people across 23 countries, including India, who visit Twitter homepage on their mobile devices. The micro-blogging site has been looking for ways to elevate popular content for quite some time.
 
An algorithmic feed would be, to date, the boldest change so far under Jack Dorsey, who took the reins of Twitter as new CEO in October last year, analysts maintain.
 
Dorsey has made several moves, including cutting jobs and naming Google's former chief business officer, Omid Kordestani, as Twitter's executive chairman.
 
Under Dorsey, Twitter has released a news curation feature "Moments" and the company is reportedly working to extend Twitter's identifying 140-character limit to 10,000.
 
Twitter is also set for a major overhaul under Dorsey to revive the company's fortune with some of the high-profile executives putting in their papers.
 
According to a report in the Wall Street Journal, the company's head of engineering Alex Roetter and product chief Kevin Weil are departing, along with Katie Stanton, the company's high-profile head of media who had informed the company of her intention to quit some time back.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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