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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Agencies
July 13,2020

New Delhi, Jul 13: The Income Tax Department has facilitated a new functionality for banks and post offices to ascertain TDS applicability rates on cash withdrawal of above Rs 20 lakh in case of a non-filer of the income-tax return and that of above Rs 1 crore in case of a filer of the income-tax return.

In a statement, the Central Board of Direct Taxes (CBDT) said that now banks and post offices have to only enter the PAN of the person who is withdrawing cash for ascertaining the applicable rate of TDS.

So far, more than 53,000 verification requests have been executed successfully on this facility, a statement by the CBDT said.

"CBDT today said that this functionality available as 'Verification of applicability u/s 194N' on www.incometaxindiaefiling.gov.in since 1st July 2020, is also made available to the Banks through web-services so that the entire process can be automated and be linked to the Bank's internal core banking solution," it said.

On entering PAN by the bank or the post office, a message will be instantly displayed on the departmental utility: "TDS is deductible at the rate of 2 per cent if cash withdrawal exceeds Rs 1 crore", in case the person withdrawing cash is a filer of the income-tax return.

In case the person withdrawing cash is a non-filer of income tax return, the message shown would be: "TDS is deductible at the rate of 2 per cent if cash withdrawal exceeds Rs 20 lakh and at the rate of 5 per cent if it exceeds Rs 1 crore."

The CBDT said that the data on cash withdrawal indicated that huge amount of cash is withdrawn by the persons who have never filed income-tax returns.

To ensure filing of return by these persons and to keep track on cash withdrawals by the non-filers, and to curb black money, the Finance Act, 2020 with effect from July 1, 2020 further amended IT Act to lower threshold of cash withdrawal to Rs 20 lakh for the applicability of this TDS for the non-filers and also mandated TDS at the higher rate of 5 per cent on cash withdrawal exceeding Rs 1 crore by the non-filers.

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News Network
January 27,2020

Mumbai, Jan 27: The country's largest car maker Maruti Suzuki India (MSI) on Monday said it has increased prices of select models by up to Rs 10,000 with immediate effect to offset the impact of rising input costs.

The price change varies across models and ranges up to 4.7 per cent (ex-showroom Delhi) and are effective from January, 27 2020, MSI said in a statement.

The price of entry level model Alto range has gone up in the range of Rs 9,000-6,000, S-Presso between Rs 1,500 to 8,000, WagonR between Rs 1,500 and Rs 4,000.

The company has also increased the price of its multi purpose vehicle Ertiga between Rs 4,000-10,000, Baleno by Rs 3,000 to 8,000 and XL6 by up to Rs 5,000 (all prices ex-showroom Delhi).

Currently, the company sells a range of vehicles starting from entry-level small car Alto to premium multi purpose vehicle XL6 with price ranging from Rs 2.89 lakh to Rs 11.47 lakh (ex-showroom Delhi).

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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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