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India 'thinking big', 'moving big' in race against China: US lawmakers told

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India is being quite strategic in certain sectors, said Dean of School of Public Policy, Robert Orr India is "thinking big and moving big" to catch up fast in development as it lags behind its giant neighbour China, offering tremendous opportunities to a country like the US, American lawmakers have been told. "India is moving quite quickly in a number of areas as well, again, on renewable energy, which is kind of a golden thread running through this hearing. India is thinking big and moving big," Robert Orr, professor and dean, University of Maryland, School of Public Policy, told lawmakers during a Congressional hearing. "They have big goals on solar and wind. They are meeting them. They are surpassing them. And they will keep attracting investment, both domestic and international. Their smart cities initiative of the Prime Minister has many components. But I think it's a strategic vision that is both at once developmental and economic,...

At least 9 months' pay! Cognizant top execs get voluntary separation option

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IT major expects process to be concluded by the end of the second quarter Cognizant Technology Solutions has floated a voluntary separation option for its employees at the senior management level, at a time when the company is accelerating its move towards digital technology. This move comes as the company has initiated efforts to trim down its workforce at a larger level this year compared to last year. The Nasdaq-listed company confirmed the development and said that this is part of its overall strategy to accelerate the shift to digital and to deliver high-quality, sustainable growth. Read this: Tata Sons to invest Rs 2,000 crore more in telecom arm Sources in the company have said that the option has been given to top executives, from the associate director to the top level, including board members and vice-presidents. They added that the compensation would depend on the rank and it would be minimum nine months salary. Further, the sources said that talks were go...