Business News

The business wrap: Centre says Rs 1,000 notes will not be reintroduced now, and 6 other top stories

Microsoft joined the Linux Foundation, which promotes open-source technology, and Nasscom cut the growth rate for India’s IT services sector.

A look at the headlines in this sector right now

  1. Rs 1,000 notes will not be reintroduced as of now, says Arun Jaitley: The finance minister also said as many as 22,500 out of the two lakh ATMs across the country will be recalibrated on Thursday.
  2. Microsoft joins Linux Foundation, which promotes open-source technology: The Windows developer’s platinum membership comes as a surprise as loyalists for both companies are bitter rivals.
  3. Nasscom cuts growth rate of India’s IT services sector to 8%-10%: The US presidential elections and Brexit were among the factors behind the lowering the projection for this financial year from 10%-12%.
  4. Australia makes it harder for work visa holders to find new jobs, Indians will be affected the most: Workers will now have just 60 days to look for employment after leaving a company, as against the 90 days they had before.
  5. Over-the-counter currency exchange will be limited to Rs 2,000 from Friday: Economic Affairs Secretary Shaktikanta Das announced that farmers can withdraw Rs 25,000 and traders can take Rs 50,000 a week from their accounts.
  6. After demonetisation, Ola Credit allows users to book cab now and pay within a week: The option – available only to select customers – was introduced to help people ‘conserve cash’, following the government’s demonetisation move.
  7. Drug pricing authority was not consulted on the proposal to dismantle it, says chairman: Bhupender Singh said the National Pharmaceutical Pricing Agency was not at the two meetings held to discuss the matter.
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Advice from an ex-robber on how to keep your home safe

Tips on a more hands-on approach of keeping your house secure.

Home, a space that is entirely ours, holds together our entire world. Where our children grow-up, parents grow old and we collect a lifetime of memories, home is a feeling as much as it’s a place. So, what do you do when your home is eyed by miscreants who prowl the neighbourhood night and day, plotting to break in? Here are a few pre-emptive measures you can take to make your home safe from burglars:

1. Get inside the mind of a burglar

Before I break the lock of a home, first I bolt the doors of the neighbouring homes. So that, even if someone hears some noise, they can’t come to help.

— Som Pashar, committed nearly 100 robberies.

Burglars study the neighbourhood to keep a check on the ins and outs of residents and target homes that can be easily accessed. Understanding how the mind of a burglar works might give insights that can be used to ward off such danger. For instance, burglars judge a house by its front doors. A house with a sturdy door, secured by an alarm system or an intimidating lock, doesn’t end up on the burglar’s target list. Upgrade the locks on your doors to the latest technology to leave a strong impression.

Here are the videos of 3 reformed robbers talking about their modus operandi and what discouraged them from robbing a house, to give you some ideas on reinforcing your home.


2. Survey your house from inside out to scout out weaknesses

Whether it’s a dodgy back door, a misaligned window in your parent’s room or the easily accessible balcony of your kid’s room, identify signs of weakness in your home and fix them. Any sign of neglect can give burglars the idea that the house can be easily robbed because of lax internal security.

3. Think like Kevin McCallister from Home Alone

You don’t need to plant intricate booby traps like the ones in the Home Alone movies, but try to stay one step ahead of thieves. Keep your car keys on your bed-stand in the night so that you can activate the car alarm in case of unwanted visitors. When out on a vacation, convince the burglars that the house is not empty by using smart light bulbs that can be remotely controlled and switched on at night. Make sure that your newspapers don’t pile up in front of the main-door (a clear indication that the house is empty).

4. Protect your home from the outside

Collaborate with your neighbours to increase the lighting around your house and on the street – a well-lit neighbourhood makes it difficult for burglars to get-away, deterring them from targeting the area. Make sure that the police verification of your hired help is done and that he/she is trustworthy.

While many of us take home security for granted, it’s important to be proactive to eliminate even the slight chance of a robbery. As the above videos show, robbers come up with ingenious ways to break in to homes. So, take their advice and invest in a good set of locks to protect your doors. Godrej Locks offer a range of innovative locks that are un-pickable and un-duplicable. To secure your house, see here.

The article was produced by the Scroll marketing team on behalf of Godrej Locks and not by the Scroll editorial team.