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Indian Astronomers Discover Supercluster of Galaxies, Name It ‘Saraswati’

Indian Astronomers Discover Supercluster of Galaxies, Name It ‘Saraswati’

 

A team of astronomers from India discovered an extremely large supergroup of galaxies – as large as 20 million billion soles – named Saraswati, the Inter-University Center for Astronomy and Astrophysics (IUCAA) based in Pune.

This is one of the largest known structures in the vicinity of the universe, 4000 million light years from Earth and about 10 billion years, IUCAA said.

Its mass extends 600 million light-years away, he said.

Scientists at this institute also participated in the discovery of last year’s gravitational waves.

The supergroup was discovered by Joydeep Bagchi, a faculty member at IUCCA; Shishir Sankhyayan, PhD student at the Indian Institute of Education and Research Sciences (IISER), Pune; Prakash Sarkar of the National Institute of Technology, Jamshedpur; Somak Raychaudhury, Director IUCAA; Joe Jacob of Newman College, Kerala and Pratik Dabhade, IUCAA researcher.

Their findings were published in the latest issue of The Astrophysical Journal, the first research journal of the American Astronomical Society.

“Large sets are the largest coherent structures of the cosmic network. They are a chain of galaxies and galaxies, bound by gravity, often extending to several hundred times the size of galaxy clusters, made up of tens of thousands of Galaxies, “IUCAA said in a statement.

Sankhyayan said that the “newly discovered Saraswati super-clusterter” spreads on a scale of 600 million light-years and may contain the mass equivalent of more than 20 billion soles.

A cluster of galaxies could have 1000-10 000. A super cluster can have groups of 40 to 43, he added.

“Our own galaxy is part of a group called super supergroup Laniakea,” IUCAA said.

Bagchi, IUCAA, lead author of the article in the journal, and co-author Sankhyayan said they were “surprised to discover this gigantic super-group of galaxies,” visible in a large spectroscopic study of distant galaxies known as the digital Sloan Sky Survey.

Sankhyayan said the data were analyzed, after which the discovery was made.

“This super-cluster is clearly integrated into a large network of cosmic filaments drawn by clusters and large gaps,” said M. Bagchi.

It has been previously said that he had reported “only a few relatively large super sets”, such as the concentration of Shapley or Great Wall Sloan in the nearby universe.

Uncategorized

Indian Astronomers Discover Supercluster of Galaxies, Name It ‘Saraswati’

Indian Astronomers Discover Supercluster of Galaxies, Name It ‘Saraswati’

 

A team of astronomers from India discovered an extremely large supergroup of galaxies – as large as 20 million billion soles – named Saraswati, the Inter-University Center for Astronomy and Astrophysics (IUCAA) based in Pune.

This is one of the largest known structures in the vicinity of the universe, 4000 million light years from Earth and about 10 billion years, IUCAA said.

Its mass extends 600 million light-years away, he said.

Scientists at this institute also participated in the discovery of last year’s gravitational waves.

The supergroup was discovered by Joydeep Bagchi, a faculty member at IUCCA; Shishir Sankhyayan, PhD student at the Indian Institute of Education and Research Sciences (IISER), Pune; Prakash Sarkar of the National Institute of Technology, Jamshedpur; Somak Raychaudhury, Director IUCAA; Joe Jacob of Newman College, Kerala and Pratik Dabhade, IUCAA researcher.

Their findings were published in the latest issue of The Astrophysical Journal, the first research journal of the American Astronomical Society.

“Large sets are the largest coherent structures of the cosmic network. They are a chain of galaxies and galaxies, bound by gravity, often extending to several hundred times the size of galaxy clusters, made up of tens of thousands of Galaxies, “IUCAA said in a statement.

Sankhyayan said that the “newly discovered Saraswati super-clusterter” spreads on a scale of 600 million light-years and may contain the mass equivalent of more than 20 billion soles.

A cluster of galaxies could have 1000-10 000. A super cluster can have groups of 40 to 43, he added.

“Our own galaxy is part of a group called super supergroup Laniakea,” IUCAA said.

Bagchi, IUCAA, lead author of the article in the journal, and co-author Sankhyayan said they were “surprised to discover this gigantic super-group of galaxies,” visible in a large spectroscopic study of distant galaxies known as the digital Sloan Sky Survey.

Sankhyayan said the data were analyzed, after which the discovery was made.

“This super-cluster is clearly integrated into a large network of cosmic filaments drawn by clusters and large gaps,” said M. Bagchi.

It has been previously said that he had reported “only a few relatively large super sets”, such as the concentration of Shapley or Great Wall Sloan in the nearby universe.

“The Saraswati supergroup is very far,” Bagchi said.

Both hoped that the work would be to help illuminate “baffled questions” for example, how they had been trained there groups density such materials for billions of years.

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New York Times article maligning Yogi Adityanath sparks anger in Agra

New York Times article maligning Yogi Adityanath sparks anger in Agra

At a time when even the president of the United States Donald Trump is openly praising Prime Minister Narendra Modi saying he wants to follow the steps taken by Modi in bringing his country back on track, the American media is busy defaming Uttar Pradesh Yogi Adityanath and his state.

On Friday, the people of Agra became infuriated by reading a mischievous story about Yogi Adityanath published in the New York Times entitled “The Indian cleric of the puppets ascended the political ladder of India” and claimed that it was an attempt by New York Times of Yogi Adityanath’s failure and his growing stature in Indian politics.

Simulated copies of the New York Times were burned at various places in protest of the news.

Speaking to India Today, members of the Hindustani Biradari group said that Yogi Adityanath is carrying out the ‘Sabka Sath Sabka Vikas’ agenda set by Prime Minister Modi and is working towards the progress of Uttar Pradesh.

Secretary Ziauddin said that the image of Yogi Adityanath has undergone a tremendous transformation since he became Prime Minister of UP and what the New York Times wrote against PM Modi and Yogi Adityanath seems to be following an anti-Modi agenda.

He said that many Westerners of the elite, as well as the Indians, are still unable to digest that an ascetic like Yogi Adityanath could become the country’s most populous state minister and a tea vendor like Narendra Modi could become the prime minister Of the world’s largest democracy.

He said the article portrays Yogi Adityanath as the leader of a militant Hindu sect, which creates a misunderstanding among international readers that Uttar Pradesh has been taken over by militant Hindus and is not safe to come here. He said that even when US President Donald Trump praises PM Modi, the New York Times seems to be doing the opposite by questioning PM Modi’s judgment by naming Yogi Adityanath as the PM’s prime minister.

Social activist Amir Qureshi said that Yogi Adityanath is not a PM candidate, as this article appears to be portraying. While Modi is busy developing the country, Yogi Adityanath is working hard to bring Uttar Pradesh to the main states of the country. The agenda of these two is only development, not to make India a Hindu nation as the New York Times says.

Qureshi added that the New York Times reporter seems to have written the news in the United States when he should have visited Uttar Pradesh and seen for himself how these two are working hard for the country.

He said that the New York Times story is a pack of lies and that the 20 Muslim crore in India are not considered separate from their Hindu, Christian and Sikh brethren, and minor incidents between these communities should not be given as prominence as This is very great country and such disagreements are bound to happen even in small families.

Business News

Three attackers shoot at police in Jerusalem before being killed

Three attackers shoot at police in Jerusalem before being killed

Three attackers shoot at police in Jerusalem before being killed

Three assailants opened fire on Israeli police in the old city of Jerusalem on Saturday before fleeing to a healthy and very sensitive place and killed by security forces, police said.

Three people were injured in the attack, two of them seriously, police said. The incident was the most serious in recent years in Jerusalem and could increase tensions between Israelis and Palestinians. No details were given on the identity of the attackers.

The three were killed at the site known to Muslims as Haram al-Sharif and by the Jews as the Temple Mount, the site of regular clashes between the Palestinians and the Israeli police, but there are rarely any shots fired there. The site includes the Al-Aqsa Mosque and the Dome of the Rock.

A series of attacks took place in the old city of Jerusalem in recent months, but often attended knives. Police blocked the area and the Al-Aqsa complex at the holy site was closed by Friday prayers. Doors leading to the site were sealed.

The shared video on social networks showed shots in the holy place. “I was standing here and I heard the shot. I thought they were fireworks,” Basem Badawi, a 60-water vendor in the old town, told AFP.

“But then I saw the police come from anywhere.” The al-Sharif / Mount of the Haram Temple is considered the most famous site of Islam and the most sacred of Judaism.

It is critical to the Palestinian-Israeli conflict and Palestinians fear that Israel may seek a day to exercise additional control over it. It is located in East Jerusalem, occupied by Israel in the Six Day War of 1967 and later annexed in a movement not recognized by the international community.

Jews are allowed to visit, but not pray to avoid causing tensions. The site is run by the Islamic Waqf organization. Waqf officials said their guards at the site were detained by Israeli police after the attack.
A wave of unrest that erupted in October 2015 has killed at least 277 Palestinians, 42 Israelis, two Americans, two Jordanians, one from Eritrea, Sudan and one Briton, according to an AFP number. Israeli authorities say most of the dead Palestinians have attacks on knives, pistols or bombs.

Education

Kim Beazley says government should be favourable to ‘uncontroversial’ Afghanistan troop request

Kim Beazley says government should be favourable to ‘uncontroversial’ Afghanistan troop request

Former defence minister and ambassador to the United States Kim Beazley says the Turnbull government should grant a request for more troops to be sent to war-torn Afghanistan.

With a resurgent Taliban and strengthened Islamic State, NATO has asked Australia to contribute to a surge of allied forces in the country, where Australian military personnel are already serving in training, support and security.On Friday, Prime Minister Malcolm Turnbull said the government was “actAncien ministre de la Défense et ambassadeur aux États-Unis Kim Beazley dit que le gouvernement Turnbull devrait accorder une demande pour que davantage de troupes soient envoyées à l’Afghanistan déchiré par la guerre.El ex ministro de Defensa y embajador de Estados Unidos en Estados Unidos, Kim Beazley, dijo que el gobierno de Turnbull debería solicitar que más tropas sFormer defence minister and ambassador to the United States Kim Beazley says the Turnbull government should grant a request for more troops to be sent to war-torn Afghanistan.

With a resurgent Taliban and strengthened Islamic State, NATO has asked Australia to contribute to a surge of allied forces in the country, where Australian military personnel are already serving in training, support and security.On Friday, Prime Minister Malcolm Turnbull said the government was “actAncien ministre de la Défense et ambassadeur aux États-Unis Kim Beazley dit que le gouvernement Turnbull devrait accorder une demande pour que davantage de troupes soient envoyées à l’Afghanistan déchiré par la guerre.El ex ministro de Defensa y embajador de Estados Unidos en Estados Unidos, Kim Beazley, dijo que el gobierno de Turnbull debería solicitar que más tropas sean enviadas a Afganistán destrozado por la guerra.

Con un talibán resurgido y un Estado islámico fortalecido, la OTAN ha pedido a Australia que contribuya a un aumento de las fuerzas aliadas en el país, donde el personal militar australiano ya está sirviendo en formación, apoyo y seguridad.El viernes, el primer ministro Malcolm Turnbull dijo que el gobierno estaba “ActAncien Ministre de la Défense y de la Embajada de los Estados Unidos Kim Beazley dice que el Gobierno Turnbull de acuerdo con una solicitud para que más de los trucos son enviados a la Afganistán déchiré par la guerre.

Avec un Taliban renversé et un Etat islamique renforcé, l’OTAN a demandé à l’Australie de contribuer à une poussée de forces alliées dans le pays, où le personnel militaire australien sert déjà de formation, de soutien et de sécurité. Vendredi, le Premier ministre, Malcolm Turnbull, a déclaré que le gouvernement était “Considérant activement” la demande, qui fait part d’un effort de l’alliance militaire multilatérale pour trouver quelques troupes pour le conflit de 16 ans.

M. Beazley – qui a été été vice-premier ministre et chef de l’opposition pendiente du séjour au Parlement et a nouvel annulé son poste diplomatique à Washington DC – a déclaré que la demande était sans contrainte, De la Australia de 270 personas. “Nous avons beaucoup investi en ce Opération afghane, alors j’imagine que le gouvernement”, a-t-il déclaré à Fairfax Media.

“La solicitud, que forma parte de un impulso de la cooperación multilateral, es una de las razones por las que Militar para encontrar unos miles más de tropas para el conflicto de 16 años de edad.

El Sr. Beazley, que también sirvió como viceprimer ministro y líder de la oposición durante su tiempo en el Parlamento y recientemente desocupó su cargo diplomático en Washington DC, dijo que la solicitud no era controvertida, dado el compromiso de Australia de 270 empleados. Afganistán, así que imagino que el gobierno de Turnbull estaría estudiando [la solicitud] bastante favorablemente “, dijo a Fairfax Media.

“Espero que lo vean, dado el contexto, de estar dentro del marco de lo que ya estamos haciendo. Creo que probablemente querríamos hacerlo

Avec un Taliban renversé et un Etat islamique renforcé, l’OTAN a demandé à l’Australie de contribuer à une poussée de forces alliées dans le pays, où le personnel militaire australien sert déjà de formation, de soutien et de sécurité. Vendredi, le Premier ministre Malcolm Turnbull a déclaré que le gouvernement était “Considérant activement” la demande, qui fait partie d’un effort de l’alliance militaire multilatérale pour trouver quelques milliers de troupes supplémentaires pour le conflit de 16 ans.

M. Beazley – qui a également été vice-premier ministre et chef de l’opposition pendant son séjour au Parlement et a récemment annulé son poste diplomatique à Washington DC – a déclaré que la demande était sans contrainte, compte tenu de l’engagement actuel de l’Australie de 270 personnes. “Nous avons beaucoup investi dans ce Opération afghane, alors j’imagine que le gouvernement Turnbull examinerait [la demande] assez favorablement “, a-t-il déclaré à Fairfax Media.

“J’espère qu’ils le chercheront, compte tenu du contexte, d’être dans le cadre de ce que nous faisons déjà. Je pense que

Business

Home World Macron’s party unveils new faces for French parliamentary polls

Macron’s party unveils new faces for French parliamentary polls

PARIS: French president-elect Emmanuel Macron’s party on Thursday unveiled more than 400 candidates who will stand in parliamentary elections in June, with half of them newcomers to politics and half of them women.PARIS: Le parti du président président élu, Emmanuel Macron, a dévoilé aujourd’hui plus de 400 candidats qui se tiendront aux élections législatives de juin, dont la moitié sont les nouveaux arrivants de la politique et la moitié d’entre eux dePARIS: Le parti du président président élu, Emmanuel Macron, a dévoilé aujourd’hui plus de 400 candidats qui se tiendront aux élections législatives de juin, dont la moitié sont les nouveaux arrivants de la politique et la moitié d’entre eux des femmes.PARIS: Le parti du président président élu, Emmanuel Macron, a dévoilé aujourd’hui plus de 400 candidats qui se tiendront aux élections législatives de juin, dont la moitié sont les nouveaux arrivants de la politique et la moitié d’entre eux des femmes.

Le centriste pro-Europe Macron, âgé de 39 ans, a été élu dimanche après avoir promis une «révolution» qui apporterait des visages frais dans le paysage politique tardif de la France et mettrait fin au modèle de pouvoir alternant entre les partis traditionnels.

Son nouveau mouvement de base rebaptisé, La Republique en Marche (République en mouvement), fondé il y a seulement 13 mois, a révélé 428 sur 577 candidats pour les sondages parlementaires.

“Nous visons à construire une majorité pour changer et à gagner une majorité absolue au Parlement”, a déclaré Richard Ferrand, secrétaire général du parti lors d’une conférence de presse.

Macron avait promis que la moitié seraient des nouveaux arrivants, ce qui signifie qu’une gamme variée de personnalités des entreprises, du service public, des groupes d’activistes et du milieu universitaire auront la chance de se faire élire.

“La promesse de renouvellement est remplie”, a déclaré M. Ferrand, ajoutant que l’âge moyen des candidats était de 46 – contre 60 dans l’assemblée nationale actuelle.

Sur la position délicate d’accepter l’ancien Premier ministre socialiste Manuel Valls, Ferrand a déclaré que le parti ne l’avait pas choisi, mais qu’il ne rivalisait pas avec lui sur son siège au sud de Paris.

Valls, un ami devenu ennemi de Macron de son temps au gouvernement de 2014-2016, avait demandé à être sélectionné mardi, mais a déclaré qu’il se félicitait de la nouvelle que le mouvement de Macron ne s’opposerait pas à lui.

“Alors, ce sera en tant qu’homme libre, mais avec une forte identité politique … républicaine, progressiste, de gauche, que j’agis”, a déclaré l’ancien premier ministre, en exhortant les gens “qui veulent que le nouveau président de la république réussisse “Pour voter pour lui.

D’autres offres réussies proviennent d’une femme pilote de chasse qui va courir dans l’est de la France et un homme né au Rwanda qui a été adopté en France à l’âge de quatre ans et disputera un siège en Bretagne

Le centriste pro-Europe Macron, âgé de 39 ans, a été élu dimanche après avoir promis une «révolution» qui apporterait des visages frais dans le paysage politique tardif de la France et mettrait fin au modèle de pouvoir alternant entre les partis traditionnels.

Son nouveau mouvement de base rebaptisé, La Republique en Marche (République en mouvement), fondé il y a seulement 13 mois, a révélé 428 sur 577 candidats pour les sondages parlementaires.

“Nous visons à construire une majorité pour changer et à gagner une majorité absolue au Parlement”, a déclaré Richard Ferrand, secrétaire général du parti lors d’une conférence de presse.

Macron avait promis que la moitié seraient des nouveaux arrivants, ce qui signifie qu’une gamme variée de personnalités des entreprises, du service public, des groupes d’activistes et du milieu universitaire auront la chance de se faire élire.

“La promesse de renouvellement est remplie”, a déclaré M. Ferrand, ajoutant que l’âge moyen des candidats était de 46 – contre 60 dans l’assemblée nationale actuelle.

Sur la position délicate d’accepter l’ancien Premier ministre socialiste Manuel Valls, Ferrand a déclaré que le parti ne l’avait pas choisi, mais qu’il ne rivalisait pas avec lui sur son siège au sud de Paris.

Valls, un ami devenu ennemi de Macron de son temps au gouvernement de 2014-2016, avait demandé à être sélectionné mardi, mais a déclaré qu’il se félicitait de la nouvelle que le mouvement de Macron ne s’opposerait pas à lui.

“Alors, ce sera en tant qu’homme libre, mais avec une forte identité politique … républicaine, progressiste, de gauche, que j’agis”, a déclaré l’ancien premier ministre, en exhortant les gens “qui veulent que le nouveau président de la république réussisse “Pour voter pour lui.

D’autres offres réussies proviennent d’une femme pilote de chasse qui va courir dans l’est de la France et un homme né au Rwanda qui a été adopté en France à l’âge de quatre ans et disputera un siège en Bretagnes femmes.

Le centriste pro-Europe Macron, âgé de 39 ans, a été

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Can we get best beauty parlour services at home in Mumbai?

Can we get best beauty parlour services at home in Mumbai?

Parlour service at home in Mumbai

Our professional beautician is always kept updated and is well informed of the latest hairstyle of women and hair color which can give you a new transformation to your look.

It often happens that you have to leave your home and go for the parlours for bridal makeup and other different things. Not only does it create hassle but often leads to certain problems like forgetting someone at the parlour, traveling often might bring some harm to the makeup done.

Home parlour service

But now you don’t have to worry as home beauty parlour service brings to you a personal and trained beautician at your doorstep in Mumbai. Who help you and ensure you have a perfect day for your makeup on wedding day without any hassle and without any tension of going to the parlours.

You can also call a professional beautician on mehndi ceremony where beautician will come to your home and put beautiful and attractive designs with mehndi on your hands.

Now beauty begins at home

In today’s busy lifestyle, it is common to find yourself with no time on your hands, and the need for some grooming and pampering. Every woman deserves that experience, but without hassle and time-consuming process of booking parlour appointment and traveling. While it is frequently required service, it is the difficult plan for its days in advance.

Want a gorgeous shine on your face? Give your skin the much-required polish at your home. Now in Mumbai beauty parlor service is provide at a doorstep.

No need to travel no need to waste your time for parlour appointment. Now be relax because glow up India parlour service will bring the parlour at your doorstep. we understand the importance of looking beautiful choose ur best beauty parlour in your nearby place.no need to go just one call to glow up India and they will be at your door.

   Just download the app and enjoy.

For more details: visit website www.GlowUpIndia.com Or call @7768067670

 

 

 

 

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It’s a mad, mad, mad world…

 

R

Right from the start of the Baillon Col­lection auction, the values were going berserk: the very first car on sale, for instance, a most ordinary and rather tired Singer Roadster, estimated at between €200 and €800 (?56,000) went for €10,790 (?7.6 lakh). The prices went spiralling, clearly there was a frenzy of buying that was not making any sense at all. Caught up in that frenzy was an Indian collector, Madan Mohan from Delhi, a transporter and a restaurant owner in Gur- gaon – who is new to the world of classic cars – went ahead and bought nine of the 59 cars, at €343,296, a price that is almost ridiculously high, especially for cars that need a huge amount of work to be restored, and are not all that special either.

As many as 59 ancient cars were sold for €25.15 million (?l 77.4 crore) at the recent­ly-concluded Retromobile classic car show in Paris! And the 2015 edition of Retromo­bile will be remembered through the sale of the Baillon Collection by Artcurial, despite
the fact that the 40th edition of a show had many other absolutely wondrous and rare automobiles on either special display or on sale. Of course, the Baillon sale was signifi­cantly boosted by the price that the Ferrari 250 GT California, a car that used to belong to the famous French actor Alain Delon, sold for a record €16.3 million (?115 crore).

Two other cars crossed the million euro mark: a Maserati A6G, which went for €2.01 million (?14.2 crore) and a Talbot-Lago T26 Grand Sport (€1.7 million or ?12 crore). The prices for the rarer and fancier machines were not all that surpris­ing, but a rather battered Delahaye Type 43, went for €65,600 instead of a sensi­ble estimate of €6,-8,000 – with most cars selling for five to 10 times their estimate.

Several of the cars came apart when they were transported from the Baillon barn to Paris – how many of those nine will make it to India in a complete state remains to be seen.

♦ GAUTAM SEN gauta m. se [email protected] ia. ir

Catching up

At Paradip, the company had also plannee a coal terminal (capacity: 18 mtpa). As a parIn December 2012, Essar Ports had com­missioned a 16 million tonnes per annum (mtpa) capacity unit to handle iron ore and pellets at Paradip, which was to be con­nected to the stockyard by a 9 km long cov­ered conveyor system. The company had a
10-year licence agreement with the Paradip Port Trust, for export of iron ore and pellets Today, the Hazira terminal (dry bulk anc break bulk cargo) has a capacity of 30 mtpa while Vadinar (liquid terminal) has a capac ity of 58 mtpa. Add to this the Paradip capac ity of 16 mtpa, the total comes to 104 mtpa.

  • of an agreement with the Paradip Port Trust, the company was given the right to build and operate for 30 years. The project got delayed because many petitions were filed by port users occupying the land, which were all dis­missed by the Supreme Court subsequently. Paradip Port Trust has now started clearing the land to be handed over to the company. Essar Ports will commence construction once the land is handed over.Essar Ports had planned a terminal with 20 mtpa capacity at Salaya, west of Jamnagar, to handle dry bulk cargo. The project was held up because it had not received approval from the ministry of environment. In its third quarter results, the company said it has obtained the ‘final forest clearance’ and that the ‘bund’ construction is now in full swing. The company expects the project to go on stream by October this year.The Hazira expansion, which was also held up for want of clearance from the envi­ronment ministry, has received clearance too. The company intends to add another 20 mtpa taking it to 50 mtpa.In 2013, Essar Ports had won the bid for the development of three iron ore berths at Visakhapatnam Port for 30 years. These three berths are expected to have a combined capacity of 23 mtpa. Labour unions filed petition against the ministry for shipping and Visakhapatnam Port Trust and, the Andhra Pradesh High Court, while allowing the tendering process to continue, said the process will depend on further orders by the court.

    Later, it dismissed the court cases by labour unions against the two-phase modernisa­tion and construction of iron ore berths in Visakhapatnam by Essar Ports. Subsequently, Essar Ports signed a ‘concession agreement’ with Visakhapatnam Port Trust in Decem­ber 2013. As per the third quarter results, Essar Ports had reached financial closure on this project. In the fourth quarter of 2014-15, the company will take it over as an operating berth. Essar Ports intends to take its present capacity to 194 mtpa over the next few years.

    In October 2014, Essar Ports decided to de- list. By October, the company set the de-listing price at T90.50 and got the shareholders’ nod for de-listing through postal ballot.                       ♦

    [email protected]

 

Education

ECONOMY More resources to states

 

The 14th Finance Commission has recommended an increase in the share of states in the Centre’s tax revenue from the current 32 per cent to 42 per cent. The recommendation will give more power to states in determining how they spend this money. Besides sharing of tax revenues,

TkUthFi

the commission has also laid down the principles for giving out grant-in-aid to states and other local bodies for a five-year period beginning 1 April 2015.

Coal block auction

The first round of coal block e-auction saw some of the key names in the industry bagging 18 mines with a combined extractable reserve of 90 million tonnes, along with attached end-use infrastructure. According to the auction amount and royalty payable, six mineral- rich states are likely to earn a little more than ?1 lakh
crore over the next 30 years. Some of the earlier owners of coal mines – Hindalco, Balco, Jindal Steel & Power (JSPL), GMR and CESC – bagged most of the blocks. Of them, JSPL won back one of the blocks it had lost after a Supreme Court order cancelled allotments.

Finance SEZs

The finance ministry has cited the exodus of rupee and Nifty trading outside Indian shores as the key wjtowmendation reason behind pursuing finance special economic zones (SEZs). A report put out by the ministry said that more than X2 lakh crore of yearly revenues are being generated outside India on account of trading in rupee derivatives – revenue which can potentially be brought onshore.

Food grain output likely to fall

The agriculture ministry has estimated total food grain output for 2014-15 at 257.07 million tonnes, as against 265.57 mt in 2013-14. All crops, barring sugarcane, are
expected to post production declines, as rainfall has been deficit in both the South- West and North-East.

‘Hike import duty on rubber’

The Association of Planters of Kerala has sought to enhance* the import duty on natural rubber to 30 per cent next fiscal onwards, besides an immediate ban on imports temporarily as an urgent intervention. The planters body said

that rubber production during the current fiscal till December was 529,000 tonnes, which is 16 per cent lower than the corresponding period last year. However, import during the current fiscal was 359,857 tonnes, which is 38 per cent more than the previous year.

Pulses production to decline

India’s pulses output is set to decline 7 per cent to 18 million tonnes during crop year 2014-15, according to the Second Advanced Estimate by the ministry
for agriculture. Pulses’ output during the previous crop year (July-June) was estimated at 20 million tonnes.

Wheat procurement

The Centre has fixed wheat procurement target for the 2014-15 mbi marketing season at 30.06 million tonnes, against the actual procurement of 28.02 mt. The target was fixed at a meeting with state food secretaries, held to discuss procurement arrangements, an official statement said.

WPI goes negative

The wholesale price index (WPI) dipped to -0.39 per cent in January, consequent to a fall in inflation recorded for the eighth consecutive month. Inflation was at 0.1 per cent in December. The WPI plunged into the negative zone, as the slide in fuel prices more than offset the increase in food prices, which continued to be high.

Priorities on gas allocation

The government is set to revise its priorities in allocation of natural gas, by putting city gas distribution at the top, followed by atomic energy, urea plants, power and domestic LPG.

It will also make this allocation policy uniform, implying that the order of priorities will be the same irrespective of what source the gas is coming from. Currently, top priority in gas allocation is accorded to fertilisers, followed by the power, although 100 per cent of the city gas sector’s needs is to be met by domestic gas, as per a Gujarat High Court order issued last year.

CORPORATE

JLR expands its global footprints

Tata Motors, is contemplating to set up a plant in North America for

 

the production of its Jaguar and Land Rover (JLR) brands. Earlier JLR opened its first overseas manufacturing facility in China, with a view to double global sales by the end of this decade. Earlier in December JLR has progressed on its ?1,800 crore Brazilian project to set up a second plant in Rio de Janeiro.

This plant aims to produce 24,000 vehicles a year once it ramps up to full production in 2016.

Powering ahead

Neyveli Lignite Corporation’s (NLC) Unit I of NLC Tamil Nadu Power has been test synchronised with the grid on 18 February, 2015. NLC Tamil Nadu Power is the subsidiary company of NLC.

Godrej woos Darling

Godrej Consumer Products (GCPL) has inked an agreement with the Darling Group for upping its shareholding in Darling South Africa and Mozambique businesses to 90 per cent. This is in line with its intent of gradually scaling up its ownership of the Darling businesses.

BHEL to build submarines

BHEL, Mishra Dhatu Nigam (Midhani) and Hindustan Shipyards have inked an MoU for setting up a consortium for bidding and if successful, building submarines for the Indian Navy at an Indian shipyard. The initiative was inspired by Prime Minister Narendra Modi’s ‘Make In India’ initiative for catering to the defence sector.

REGULATORS

DVR shares

The BSE has announced rules on the inclusion of shares with differential voting rights (dvrs) on the s&p bse Sensex, BSE 100, BSE 200 and

BSE 500 indices. Shares with differential voting rights are similar to common equity shares in all respects other than dividend received and voting rights.

Simpler advertising norms

Association of Mutual Funds in India (AMFI) has approached market regulator, Securities and Exchange Board of India (SEBI), to simplify the current advertisement norms.

The association feels the current norms are too complicated and it needs to be made clearer so that investors can take informed decisions.

Law tribunals

Maintaining that substantive questions of law need to be addressed, the Supreme Court has referred a petition challenging the validity of the National Company Law Tribunal (NCLT) and its appellate body to a five-judge constitution bench. Madras Bar Association (MBA), a body of practising lawyers, in the Madras high court, had challenged the NCLT and the National Company Law Appellate Tribunal (NCLAT) for violating the need for separation of powers between the executive and judiciary.

Regulating e-commerce sector

The rapidly expanding e-commerce sector, which has been attacked by brick and mortar businesses over issues such as predatory pricing, has found support within the government against a proposal that seeks to impose curbs on the likes of Flipkart and Snapdeal that have disrupted the market. The department of industrial policy and promotion (DIPP) has opposed a plan to regulate the e-commerce sector, arguing that it would curtail innovation and the spirit of entrepreneurship.

A new group for stocks

To check market manipulation through ‘penny stocks’, market watchdog SEBI will soon ask stock exchanges to create a new group for shares that are found to be prone to such activities. The new group may be called ‘T+’ and would include shares that remain susceptible to manipulative activities despite having been put in the ‘T’ group where trading is restricted to delivery-based trades within a small price band of up to five per cent and intra-day trades are not allowed.

Firms face SEBI’s heat

A large number of listed firms, including top blue- chips, are facing heat from the stock market authorities for sudden surge in their share prices and trading volumes as also for ‘speculative’ information leaks. In just about one and a half months since the beginning of this year, the stock exchanges have sought ‘clarifications’ from at least 19 Sensex blue chips, including giants like Mahindra & Mahindra, Hindustan Unilever, SBI,

Coal India, Wipro, Hero Motocorp, ICICI Bank, Cipla and L&T.

No consensus

SEBI is yet to reach an agreement with banks on the pricing formula for conversion of debt of troubled companies into equity. According to sources, banks want full freedom to decide on the price of converting their debt into equity without any application of pricing formula stipulated by the stock market regulator.

Banks as brokers

The Insurance Regulatory & Development Authority of India has asked insurers to pursue an open architecture model in bancassurance.

In a meeting between the insurance regulator and industry players, the chairman of the authority said that guidelines to facilitate this would be issued soon.

Nuclear pool gets IRDAI nod

Insurance sector regulator IRDAI has given in-principle approval for setting up of ? 1,500 crore nuclear liability pool for providing risk cover to nuclear reactors.

Gold import norms eased

The Reserve Bank of India has allowed banks to import gold in bullion form on a consignment basis and given them a freehand in extending gold loans. Importers who have been accredited as ‘Star Trading Houses’ and ‘Premier Trading Houses’ can import gold on ‘documents against payment’ basis without any end use restrictions.

Interconnection charges slashed

In a move that is likely to lead to reduction in call rates – both for mobile as well as fixed line users – the Telecom Regulatory Authority of India slashed various interconnection charges one operator has to pay to another for using their network. However, it is not yet known how much the tariff reduction will be.

Mobile number portability

The Telecom Regulatory Authority of India (TRAI) has said that, starting May, mobile users will be able to avail themselves of full mobile number portability (MNP) in any part of the country. This is different from the existing system, which allows users to retain phone numbers only within a circle.

Education

Jack of all trades

 

GetMyPeon.com, a start-up based in Mumbai, does every­thing including running

My Peon

errands for its clients, it exe­cutes 80-100 tasks a day and aims to take it to 150-200 in few months and works with 2,000+ customers – indi­viduals, companies or other start-ups – on tasks including paying bills, visiting a bank, collecting an item you forgot or delivering a specific food item. It charges ?200 per task
and has already broken even in Mumbai. Now, it is plan­ning to begin operations in Pune and Bengaluru in next 3-4 months; it is also in talks with investors to raise money for the same.

On one’s own

The number of solo travel­lers seeking to explore the world alone and experience adventure – a predominantly western concept – is grow­ing in India and We Travel Solo intends to capitalise on that. Wetravelsolo.com, a

start-up started with the idea to connect all the single trav­ellers at one place claims to be India’s first solo travellers’ community. On the web­site, experienced solo travel­lers create all inclusive trips to the places they know best for other solo travellers to join the trip. Started by She- fali Walia, We Travel Solo has so far taken seven trips. To join the Website, a one-time membership fee of ?1,000 is required. The Website intends to make money through com­mission on every trip.

Search and find

A free listing website for Lost

lostyafqund m

Ab complaint nahi login kar^

and Found articles, LostYa- Found.in started by a brother duo in August 2014 wants to help people find their lost items. If a user has lost an item he can put a post on the website with rewards for the person, if he returns the item. A user can also put up a post if he has found an item belong­ing to someone else. Dolesh, one of the founders feels this Website can play a big role in mega events like Kumbh Mela, where people lose a lot of their belongings. At pres­ent, LostYaFound.in is focus­sing on marketing to increase the awareness of the Website.

♦ ROHIT PANCHAL [email protected]

 

 

 

W E B W ATC H

 

Learning on the go

iProf Learning Solutions, a company focussed on providing education in digital format in India, has launched a free android app named ‘iProf’ for learning on the go. The app is a vir­tual classroom to facilitate learning on the go with prac­tice test material, videos, discussion board and an option to raise a doubt for courses that include I1T-JEE, Bank PO, CBSE class VI-XII, English Speaking and GK. iProf claims the app gives students access to its library, which has 500,000 ques­tions, 85,000+ videos and notes pertaining to these courses. It has plans to add other courses such as CSAT, AIPMT, NDA, CA CPT, Olympiads, GATE, Railway entrance exam & languages in few weeks.

Innovation to ‘pay’

Mobile payments are the future and, therefore, companies are launching innovative solu­tions to take the lead. iKaaz,

mobile payments company providing Tap & Pay solutions, has launched a mobile app ‘Mowa’, which facilitates consum­ers and merchants to make and receive payments based on the mobile number, without sharing private bank account details of the sender or receiver. The differentiating feature of this app is that it requires no pre-payment of account like other wallets, as consumers’ money resides in their own bank account until they undertake the transaction.

The app will benefit small merchants as they can accept digital payments – debit, credit and pre-paid card payments for free and without a hardware point of sale terminal. Users can also use the app to pay their friends and family. The user has to attach the credit or the debit card as a payment medium with the app and start making payments by entering mobile

 

number of the recipient. Users can also request for money and if accepted & paid, the amount gets deposited into the bank. The app is available free of cost and supports all banks in India.

As part of the India Digital Literacy and Internet Safety Cam­paign, Google India has launched Web Rangers, a program to empower teens to pro­mote the safe use of the Internet among their peers. The program also introduces a con­test, where students across the coun­try will be given 12 weeks to create and run their own online safety campaigns, encouraging young people in their schools and communities to con­sider issues such as the effects of cyberbullying, managing one’s own digital footprint and online tricks and scams.

These youth-created online or offline educational campaigns can take any form, including online vid­eos and other social media con­tent, sketches and in-school events. The creators of the most creative and impactful internet safety campaign, as cho­sen from this contest, will head to Delhi to present their work to a panel of judges. The winners of the contest will be announced in May 2015.