India, US must collaborate more on space research, says NASA scientist

January 22, 2017

New Delhi, Jan 22: India and the US should collaborate more on space research programmes, a prominent scientist from the US space agency NASA stressed here as he felicitated two young Indian astronomers who created history by discovering asteroids in 2010 that are now recognised by the International Astronomical Union (IAU) in the US.

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Amanjot Singh and Sahil Wadhwa, former students of Ryan International School in Rohini, were part of the All India Asteroid Search Campaign (AIASC) conducted by New Delhi-based Science Popularisation Association of Communicators and Educators (SPACE) organisation in collaboration with the International Astronomical Search Collaboration, where they discovered the main belt asteroid numbered as 2010 PO24.

“India and the US should collaborate on such research programmes. NASA is looking forward to invite students from across the globe to participate in their space outreach programmes,” Paul Rosen, Project Scientist, NASA-ISRO Synthetic Aperture Radar from NASA Jet Propulsion Laboratory (JPL), said.
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“What started as an excuse for night-out with friends became a passion. It is this passion that helped me succeed,” added Singh at the annual meet organised by SPACE which is working to make science and astronomy popular among youngsters in India.

In the asteroid search campaign, students from across the country were able to discover nearly 500 new rocks in space. However, these remained preliminary discoveries as they appeared to be asteroids but did not get confirmed because they tend to move away from their orbits. But, when the discovered asteroids remain in their orbits, it is named as a provisional discovery.

“Out of the 37 asteroids discovered (provisional discovery) worldwide in 2016, 27 have been by Indian students,” Sachin Bahmba, Chairman and Managing Director-SPACE Group said.

The annual meet was also addressed by former SPACE achievers who stressed on the need for research platforms and opportunities for children across the country to excel in astronomy and science and technology.

“Curiosity to explore the unknown and an opportunity provided by SPACE led me to the field of astronomy,” Aryan Mishra, a 17-year-old astronomer who discovered an asteroid in 2014, said.
“For children living in a developing country like India, it is not easy to dream about space and the field of astronomy. However, it is my endeavour to change the mindset of people towards this field,” added Mishra.

“Do not end your doubt with nothing. Try to find out as it may lead to a huge discovery one day,” said 17-year-old Yashraj Bhardwaj. Bhardwaj, who along with his twin brother Yuvraj, is the winner of Karamveer Chakra Award. The two have 22 projects — national and international — as well as seven patents to their names.

Through various astronomy-based outreach programmes, SPACE has managed to touch base with more than one lakh families and have educated more than 20,000 students annually, Bahmba informed. “We look forward to fruitful Indo-US ties, which can come up with new technological advancements through researches done by amateurs and the scientific community of both the countries,” he said.

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News Network
January 17,2020

New Delhi, Jan 17: E-commerce major Amazon on Friday said it plans to create one million new jobs in India over the next five years through investments in technology, infrastructure and its logistics network.

These jobs are in addition to the seven lakh jobs Amazon's investments have enabled over the last six years in the country.

"Amazon plans to create one million new jobs in India by 2025," the company said in a statement, adding that the jobs - created both directly and indirectly - will be across industries, including information technology, skill development, content creation, retail, logistics, and manufacturing.

Amazon.com Inc chief Jeff Bezos had on Wednesday announced USD 1 billion (over Rs 7,000 crore) investment in India to help bring small and medium businesses online and committed to exporting USD 10 billion worth of India-made goods by 2025.

"We are investing to create a million new jobs here in India over the next five years," Bezos said.

"We’ve seen huge contributions from our employees, extraordinary creativity from the small businesses we've partnered with, and great enthusiasm from the customers who shop with us—and we’re excited about what lies ahead," Bezos added.

India has prioritised job creation and skilling initiatives – including the training of more than 400 million people by 2022 – in rural and urban areas.

"Amazon’s job creation commitment and investment in traders and micro, small and medium enterprises (MSMEs) complement this social inclusion and social mobility efforts by creating more opportunities for people in India to find employment, build skills, and expand entrepreneurship opportunities," the statement said.

The new investments will help to hire talent to fill roles across Amazon in India, including software development engineering, cloud computing, content creation, and customer support.

Since 2014, Amazon has grown its employee base more than four times, and last year inaugurated its new campus building in Hyderabad – Amazon’s first fully-owned campus outside the United States and the largest building globally in terms of employees (15,000) and space (9.5 acres).

The investments will also help in expanding growth opportunities for the more than 5,50,000 traders and micro, small, and medium-sized businesses – including local shops – through programs like Saheli, Karigar, and “I Have Space”.

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Agencies
July 19,2020

New Delhi, Jul 19: Three of the 10 most valued companies added a total of Rs 98,622.89 crore to their market valuation last week, led by stellar gains in IT major Infosys.

Seven companies from the coveted list witnessed a decline in their market valuation last week, but their cumulative loss of Rs 37,701.1 crore was less than the total gain made by three firms -- Reliance Industries Limited, Hindustan Unilever Limited and Infosys.

The market capitalisation of Infosys zoomed Rs 52,046.87 crore to Rs 3,85,027.58 crore. Shares of Infosys had rallied over 9 per cent on Thursday after the company posted a stronger-than-expected 12.4 per cent rise in the first quarter consolidated net profit.

Hindustan Unilever Limited added Rs 25,751.07 crore in its market valuation which stood at Rs 5,48,232.26 crore at close on Friday. Reliance Industries' m-cap jumped Rs 20,824.95 crore to Rs 12,11,682.08 crore.

In contrast, HDFC's valuation plunged Rs 13,920.21 crore to Rs 3,13,269.70 crore and that of Tata Consultancy Services (TCS) declined Rs 7,617.34 crore to Rs 8,26,031.21 crore.

The valuation of ICICI Bank tumbled Rs 4,205.71 crore to Rs 2,29,156.24 crore and that of Kotak Mahindra Bank by Rs 4,175.28 crore to Rs 2,62,864.37 crore.

Bharti Airtel's m-cap dipped Rs 4,009.83 crore to Rs 3,09,521.05 crore and HDFC Bank's by Rs 3,403.97 crore to Rs 6,03,463.97 crore.

The valuation of ITC declined by Rs 368.76 crore to Rs 2,38,469.29 crore.

In the ranking of top-10 firms, RIL was at the number one rank followed by TCS, HDFC Bank, HUL, Infosys, HDFC, Bharti Airtel, Kotak Mahindra Bank, ITC and ICICI Bank.

During the last week, the 30-share BSE index advanced 425.81 points or 1.16 per cent.

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Agencies
June 12,2020

New Delhi, Jun 12: The Supreme Court on Friday asked Solicitor General Tushar Mehta to convene a meeting of the Finance Ministry and RBI officials over the weekend to decide whether interest incurred on EMIs during the moratorium period can be charged by banks.

A bench comprising Justices Ashok Bhushan, Sanjay Kishan Kaul and M.R. Shah queried Mehta as the court was concerned since the Centre has deferred loan for three months.

"Then how can interest of these 3 months be added?" the apex bench asked. Mehta replied: "I need to sit down with the RBI officials and have a meeting."

SBI's counsel, senior advocate Mukul Rohatgi, intervened during the proceedings and said "all banks are of the view that interest cannot be waived for a six month EMI moratorium period".

"We need to discuss it with the RBI," insisted Rohatgi.

Justice Bhushan then asked Mehta to convene a meeting of the RBI and Finance Ministry officials over the weekend, and listed the matter for further hearing on June 17.

The top court, during the hearing, indicated that it was not considering a complete waiver of interest but was only concerned that postponement of interest shouldn't accrue further interest on it.

After the RBI said the waiver of interest charges on EMIs during moratorium will lead to loss of 1 per cent of the nation's GDP, the top court had earlier asked the Finance Ministry to reply, whether the interest could be waived or it would continue during the moratorium period.

The top court said these are not normal times, and it is a serious issue, as on one hand moratorium is granted and then, the interest is charged on loans during this period.

"There are two issues in this (matter). No interest during the moratorium period and no interest on interest," said Justice Bhushan. The observation from the bench came on a petition by Gajendra Sharma, in which he sought a direction to declare portion of the RBI's March 27 notification as ultra vires to the extent it charged interest on the loan amount during the moratorium period.

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