'Himalayan Viagra' Dearer Than Gold under Threat from Climate Change

Agencies
October 23, 2018

Washington, Oct 23: A prized caterpillar fungus that is more valuable than gold and is nicknamed "Himalayan Viagra" in Asia, where it is seen as a wonder drug, is becoming harder to find due to climate change, researchers said on Monday.

People in China and Nepal have been killed in clashes over the years over the elusive fungus "yarchagumba”, known formally as Ophiocordyceps sinensis.

Although it has no scientifically proven benefits, people who boil yarchagumba in water to make tea or add it to soups and stews believe it cures everything from impotence to cancer.

It is "one of the world's most valuable biological commodities, providing a crucial source of income for hundreds of thousands of collectors," said the report in the Proceedings of the National Academy of Sciences, a peer-reviewed US journal.

In recent decades, it has skyrocketed in popularity and prices have soared — it can fetch up to three times the price of gold in Beijing, researchers say.

While many have suspected overharvesting was the reason for its scarcity, researchers wanted to find out more.

So they interviewed around four dozen harvesters, collectors and traders of the prized fungus.

They also scoured previously published scientific literature, including interviews with more than 800 people in Nepal, Bhutan, India and China, to understand its apparent decline.

Weather patterns, geographic factors and environmental conditions were also analyzed to create a map of yarchagumba production in the region.

"Using data spanning nearly two decades and four countries, (we) revealed that caterpillar fungus production is declining throughout much of its range," said the report.

"While collectors increasingly attribute the decline in caterpillar fungus to overharvesting, habitat and production modeling suggest that climate change is also likely playing a role."

Particular temperatures

The cone-shaped fungus is only found above an elevation of 11,500 feet (3,500 meters), and forms when the parasitic fungus lodges itself in a caterpillar, slowly killing it.

To grow, it needs a specific climate that is frigid — with winter temperatures below 0 Celsius (32 Fahrenheit) — but where the soil is not permanently frozen.

"Such conditions are typically present at the margin of permafrost areas," said the PNAS report, led by researchers at Stanford University.

"Given that winter temperatures have warmed significantly from 1979 to 2013 across much of its range, and especially in Bhutan, its populations are likely to have been negatively affected."

The warming trend has particularly affected Bhutan, with average winter temperatures "increasing by 3.5–4 C across most of its predicted habitat (+1.1 C per decade, on average)," added the study.

Researchers also found that vegetation on the Tibetan plateau "did not shift upward in response to climate warming from 2000 to 2014," suggesting that the caterpillar fungus will not be able to simply move up the mountain to colder habitats as the climate warms.

This spells trouble for harvesters who sell the fungus in order to survive, "underscoring the need for alternative livelihood options in the communities that depend on this niche commodity," researchers warned.

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Agencies
May 14,2020

Social media platform WhatsApp assured the Supreme Court on Wednesday that it will not roll out its payment services without complying with all payment regulations and norms in the country.

A bench headed by Chief Justice S.A. Bobde and comprising Justices Indu Malhotra and Hrishikesh Roy took up the matter through video conferencing. Senior advocate Kapil Sibal, representing the social media platform, said "WhatsApp Inc makes a statement on behalf of his client that they will not go ahead with the payments' scheme without complying with all the regulations in force."

The statement was made during the hearing of a petition seeking a ban on payment through WhatsApp, as it does not conform to the data localization norms. The top court took the assurance made by WhatsApp on record.

WhatsApp made the statement during the hearing of a plea seeking a ban on its payment service, for not being in line with data localization norms.

In 2018, WhatsApp was granted a beta licence to launch its payment service, but a dedicated and separate app is yet to be launched. A petition was moved in the apex court that WhatsApp's existing model for its payments service should be declared inconsistent with the Unified Payment Interface (UPI) Scheme, as a separate dedicated app has not been offered by the company.

The petitioner NGO, Good Governance Chambers, argued that the National Payments Corporation of India (NPCI) and the Reserve Bank of India (RBI) must change its model on the lines of the UPI payment scheme, and its operations may be suspended until these conditions are met.

The apex court today asked the Centre, Facebook and WhatsApp to file their replies within three weeks and it will take up the matter thereafter. The court noted that the government may process the applications filed by WhatsApp in accordance with the law and there is no stay on the same. Facebook was represented by senior advocate Arvind Datar.

The petitioner argued that lapses have been found in relation to WhatsApp's claims of having a secure and safe technological interface for securing sensitive user data.

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Agencies
February 17,2020

Google on Monday announced it is gradually winding down its free public Wi-Fi Station programme currently available at over 400 railway stations in India, and will work with the Indian Railways and Railtel Corporation to help them with existing sites so they can remain useful resources for people.

Google launched its Station initiative in India in 2015 to bring fast, free public Wi-Fi to over 400 of the busiest railway stations in the country by mid-2020.

"We crossed that number by June 2018 and implemented Station in thousands of other locations around the country in partnership with telecommunications companies, ISPs and local authorities," Caesar Sengupta, Vice President, Payments and Next Billion Users, Google, said in a statement.

"Over time, partners in other countries asked for Station too and we responded accordingly. We're grateful for these partnerships, especially with the Indian Railways and the Government of India, that helped us serve millions of users over the last few years," he added.

According to Google, the decision to shut Station has been taken keeping the affordable mobile data plans and mobile connectivity in mind that is improving globally including in India.

"India, specifically now has among the cheapest mobile data per GB in the world, with mobile data prices having reduced by 95 per cent in the last 5 years, as per TRAI in 2019," said Sengupta.

The Indian users consume close to 10GB of data, each month, on average, according to reports.

"Our commitment to supporting the next billion users remains stronger than ever, from continuing our efforts to make the internet work for more people and building more relevant and helpful apps and services," Sengupta noted.

Global networking giant Cisco last year teamed up with Google to roll out free, high-speed public Wi-Fi access globally, starting with India.

The first pilot under the partnership was rolled out at 35 locations in Bengaluru.

Sengupta said that in addition to the changed context, the challenge of varying technical requirements and infrastructure among our partners across countries has also made it difficult for Station to scale and be sustainable, especially for our partners.

"And when we evaluate where we can truly make an impact in the future, we see greater need and bigger opportunities in building products and features tailored to work better for the next billion user markets," he said.

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Agencies
June 9,2020

Soon, you may be able to withdraw cash from an ATM without touching any part of the machine. AGS Transact Technologies, a provider of cash and digital payment solutions and automation technology, on Monday said it has successfully developed and tested a touchless ATM solution in light of the COVID-19 pandemic.

The ‘contactless' solution, currently under demo at interested banks, enables a customer to perform all the steps required to withdraw cash from an ATM using the mobile app itself. 

The customer simply has to scan the QR code displayed on the ATM screen and follow the directions on their respective bank's mobile application. 

This includes entering the amount and mPIN required to dispense the cash from the ATM machine. 

According to the company, the QR code feature makes cash withdrawals quicker and more secure, and negates the chances of compromising the ATM Pin or card skimming.

"The new Touchless ATM solution is an extension of the flagship QR Cash solution which ensures safety of the users and will provide a seamless cash withdrawal experience with enhanced security," said Ravi B. Goyal, Chairman and MD, AGS Transact Technologies Ltd.

With minimum investment, the banks can enable this solution for their ATM networks by upgrading the existing software.

AGSTTL has so far installed, maintained and managed a network of over 72,000 ATMs across the country and also provides customised solutions to leading banks. 

The company earlier introduced UPI-QR based Cash withdrawal solution in partnership with Bank of India. 

This is how the solution works.

Open the Bank mobile application on your smartphone and select QR Cash Withdrawal. Enter the amount you wish to withdraw on the mobile app and scan the QR code on the ATM screen.

Next, confirm the amount by clicking on ‘proceed' in the app and enter the mPin to authenticate the transaction. Now collect the cash and receipt and you are done.

"The seamless, cardless and touchless withdrawal method is designed to provide easy transaction flow, without the need to touch the ATM screen or enter the pin," said Mahesh Patel, President and Group Chief Technology Officer, AGS Transact Technologies.

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