Monday, 9 July 2012

Satyendranath Bose: Higgs-Boson’s Forgotten Hero


The world is celebrating the discovery of the sub-atomic particle at CERN, Geneva, which many believe could well be the long sought after Higgs-Boson. This particle is also called the ‘God Particle’ because its existence is fundamental to the creation of the universe.

School physics teaches us that everything is made up of atoms, and inside atoms are electrons, protons and neutrons. They, in turn, are made of quarks and other subatomic particles. Scientists have long puzzled over how these minute building blocks of the universe acquire mass. Without mass, particles wouldn't hold together and there would be no matter.

Higgs-Boson

One theory proposed by British physicist Peter Higgs and teams in Belgium and the United States in the 1960s is that a new particle must be creating a "sticky" field that acts as a drag on other particles. The atom-smashing experiments at CERN, the European Center for Nuclear Research, have now captured a glimpse of what appears to be just such a Higgs Boson like particle.

British Physicist Peter Higgs of the ‘Higgs-Boson’ is a familiar name in the world of science. However, it is not well known that the term Boson, owes its name to the pioneering work of the late Indian physicist, Satyendra Nath Bose. He is a forgotten hero, even in India, even though he won a world wide fame for his association with the great Albert Einstein in developing a theory of the particle-like qualities of light.  His pioneering work on the quantum theory of light provided the foundation for Bose-Einstein Condensates, a new state of matter in which thousands of atoms condense into a single giant atom that behaves like a wave. Particles that follow Bose’s statistics have been named bosons in his honour.

Who was Satyendranath Bose?

Satyendranath Bose was born on January 1, 1894 in Calcutta (now Kolkata). His father Surendranath Bose was employed in the Engineering Department of the East India Railway.

As a student of the Hindu High School, Bose once was awarded 110 marks out of 100 in mathematics because he had solved some problems in the exam paper by more than one method. He made a name for himself in school due to his love for science.Later he attended the Presidency College also in Calcutta, where another noted scientist Meghnad Saha was his fellow student.  Bose came in contact with teachers like Jagdish Chandra Bose and Prafulla Chandra Ray, who provided inspiration to aim high in life.

In 1924, while working as Reader in the Physics Department of University of Dacca, Bose wrote a paper on novel way of counting states with identical particles. This paper was seminal in creating the very important field of quantum statistics. His paper was not accepted for publication at once.

  Not losing heart, Satyendranath Bose sent the article directly to Albert Einstein in Germany with a request to help it get published in the leading German language science journal Zeitschrift fur Physik. In his covering letter to Einstein, Bose wrote “though a complete stranger to you, I do not feel any hesitation in making such a request. Because we are all your pupils though profiting only by your teachings  through your writings.”

Einstein, recognizing the importance of the paper, translated it into German and submitted it for publication on Bose’s behalf. The publication changed the life of Satyendra Nath Bose. The Dacca University now opened its eyes and agreed to fund his tour to Europe, even though he had only possessed a Master’s degree and no further qualifications.

Bose first visited Paris in 1924, where he stayed for a year. He conducted research in the Madame Curie Laboratory, which had special facilities. The next year, he left Paris for Berlin to join Einstein and work with him. There he came into close contact with noted scientists like Schroedinger and Heisenberg. He participated in all the meetings and discussions held there.

While Bose was in Berlin, the post of a Professor fell vacant in Dacca University. Bose’s friends persuaded him to apply but he was hesitant, as he had not got his doctorate yet. A recommendation by Einstein could have fixed the matter. With great hesitation, Bose approached Einstein for help. Einstein was surprised. He said “you are so proficient in your subject. Is their need for any other certificate?”  He wrote a letter to the authorities in the Dacca University, which had a desired effect. In 1926, Satyendranath Bose was appointed Professor and Head of the Department of Physics. 

Bose served in Dacca University for nearly 25 years. As a teacher he was admired by his students who held him in high esteem. In 1944, when he was the Head of the Science Section in Dacca University, Bose was chosen as the General President of the 31st  session of the Indian Science Congress.

Bose, who worked with Albert Einstein to bring out the Bose-Einstein statistics and the theory of Bose-Einstein Condensate in the 1920s, was a natural candidate for a Nobel Prize which he never got.  Yet, at least ten scientists have been awarded the Nobel for their research in the field of particle physics based on concepts like the Bose-Einstein Condensate or the Boson.

'Indians are incapable of achieving anything great in science. At best, they are experts in subjects like philosophy “ was the view most held in the West during those years. Satyendranath Bose dispelled that impression and did yeoman service in the fields of science, with some pioneering contributions in the fields of quantum physics.

Satyendranath Bose was a self-taught scholar who had a wide range of interests in varied fields including physics, mathematics, chemistry, biology, mineralogy, arts, literature and music.

Back home, Gurudev Rabindranath Tagore dedicated his only book on science – Vishwa Parichay to him. The Government of India conferred the Padma Vibhushan award on Satyendranath Bose in 1954. At the age of 80, Bose suffered an unexpected and a severe heart attack and breathed his last on the 4th of February 1974. 

The CERN experiment has once again brought focus on Satyendranath Bose. For India God Particle is as much Boson as Higgs.

Tuesday, 3 July 2012

Spain beat Italy 4-0 to win UEFA Euro Cup Football Championship 2012


Spain beat Italy 4-0 in the final to win UEFA (Union of European Football Associations) Euro Cup Football Championship 2012 at the Olympic Stadium in Kiev, Ukraine, on 1 July 2012. Spain which had earlier defeated Germany 1-0 in 2008 Euro Cup not only defended the title but also created a record by becoming the first team to claim two consecutive titles in tournament’s 52-year long history. Spain and Italy had defeated Portugal and Germany respectively in their semi final matches.
Iker Casillas was the captain of Spanish side, while the Italian side was led by Gianluigi Buffon.The four goals hit by David Silva, Jordi Alba, Fernando Torres and Juan Mata led the Spanish side to a remarkable victory, which virtually started a debate among the football followers whether this Spanish side is the best national side ever? Spain midfielder Andrés Iniesta of Spain was declared the man of the match given his match winning performance, while Fernando Torres was given the Golden Boot as he scored three goals in the Spain’s title winning campaign. Torres  also became the first ever player in the history of the tournament to score in two separate European Championship finals.
Spain and Italy were placed in group C along with Croatia and Republic of Ireland.

Important Facts related to UEFA Euro 2012
•    Poland-Ukraine jointly hosted the sporting event
•    Euro Cup 2012 began on 8 June 2012 and concluded on 1 July 2012
•    The winning team received the prize money 7.5 million euro, while the runner-up team got 4.5 million euro as the prize money. Teams which made to semi-finals and quarter-finals received 3 million euro and 2 million euro respectively as prize money.

•    The Euro Cup 2016 will take place in France
•    A total of 16 countries namely, Poland, Ukraine, Spain, Italy, Croatia, Russia, Portugal, England, Germany, Netherland, Greece, Denmark, Sweden, France, Czech Republic and Republic of Ireland  participated in Euro Cup 2012
•    The sixteen teams were divided into four groups, A, B, C & D
  
•    Eight cities were selected by UEFA as host venues

•    A total of 31 matches were played during Euro 2012, with Ukraine hosting 16 of them and Poland 15
•    There were 10 global sponsors of the Euro Cup 2012. The list includes, Adidas, Canon, Castrol, Continental, Orange and Telekomunikacja, PolskaHyundai-Kia Carlsberg, McDonald's, SHARP

Rio+20 Conference on Sustainable Development concluded in Rio de Janeiro

Rio+20 the United Nations Conference on Sustainable Development took place in Rio de Janeiro, Brazil, from 20 to 22 June 2012. The two-day conference was held with an objective to renew political commitment for sustainable development, assess the progress to date and the remaining gaps in the implementation of the outcomes of the major summits on sustainable development, and address new and emerging challenges. Heads of 172 States and Government marked their presence at the conference.
The themes for Rio+20 Conference were: (1) Green economy in the context of sustainable development poverty eradication
 (2) Institutional framework for sustainable development.
The representatives discussed eight core issues in the course of summit, which comprises decent jobs, energy, sustainable cities, food security and sustainable agriculture, water, oceans and disaster readiness.
The various stake holders of Rio+20 conference, agreed on seven specific committments. The committments made by the global stake holders in the summit include;
1. Planting 100 million trees by 2017
2. Greening 10000 square km of desert
3. Saving 1 Megawatt-hour of electricity per day
4. Empowering 5000 women entrepreneurs in green economy businesses in Africa
5. Establishing a Masters programme on sustainable development practice
6. Developing an Environmental Purchasing Policy 
7. Waste Minimization & Management strategy
8. Recycling 800000 tons per year of PVC by 2020

Background of the Rio+20 Conference
The conference marked the 20th anniversary of the 1992 United Nations Conference on Environment and Development (UNCED), in Rio de Janeiro (Since the conference marked 20th anniversary of the 1992 United Nations Conference on Environment and Development (UNCED), it was named Rio+20). The conference also marked 10th anniversary of the 2002 World Summit on Sustainable Development (WSSD) in Johannesburg and four decades of the 1972 Stockholm Conference or the UN Conference on Human Environment.
The global event on Sustainable Development (UNCSD) was organized in accordance with the United Nations General Assembly Resolution 64/236 (A/RES/64/236). The UN Under-Secretary-General for Economic and Social Affairs, Sha Zukang was appointed the UN Secretary-General for the Rio+20 Conference.
The summit provided global leaders with a chance to develop a collective framework to meet their poverty eradication goals while not letting the environment get destructed. The summit, which came after the failure of number of conferences such as Kyoto Summit, Copenhagen Summit, widely focused on the need of sustainable development and green economy by addressing environmental degradation and building a bridge to the future.
The United Nations Environment Programme (UNEP) Report on Global Food Security
The United Nations Environment Programme released its food security report Avoiding Future Famines: Strengthening the Ecological Basis of Food Security through Sustainable Food Systems during Rio+20 conference. The report noted that food security must be at the top of the priority list of country’s policy if the world has to provide food to its seven billion population - a number expected to cross nine billion mark by 2050.

Seventh G20 Summit held in Los Cabos, Mexico

The seventh G20 summit took place on 18,19 June 2012.Mexico chaired the summit.The summit took place in the city of Los Cabos in Mexico. It is a twenty member brigade, the  summit includes countries, South Africa, Canada, India, Mexico, United States, China, Japan, South Korea, Russia, Turkey, Argentina, Brazil, India, Indonesia, Saudi Arabia, European Union, France, Germany, Italy, United Kingdom, Australia.The objectives and highlights of the summit is as follows :
THE G 20 DECLARATION
•    The leaders of the world's largest economies will help in boosting growth and job creation to repair the wounded global economy because of  the European financial crisis.
•    The statement also included the importance of easing the Spanish Crisis.
•    The Summit declaration also included investment in infrastructure in the developing countries, this decision would help in achieving global growth which was hauled due to the  falling state of the world economy and the Eurozone crisis.
•    All the Euro members of the G 20 will indulge in necessary policy measures to not only safe guard the integrity, but also stabilize the whole area. This would be done only by breaking the feedback loop between the sovereigns and the banks.
•    The summit has also recognized the progress made by China in market-determined exchanged rates.
•    The summit has singled out Saudi Arabia, by bringing in a Saudi pledge to keep the oil prices at bay and low. This is a step to ensure global economic well being.
•    European Commission President Jose Manuel Barroso and European Council President Herman Van Rompuy asked markets to focus on a European summit at the end of the month. It would eventually help the continent move deeper and help the economic and political integration to match its single currency.
•    The 14-page statement emphasized the need for growth because this is the only way they will solve the debt problem of the Eurozone.
•    The non-European members of the G20 have sent a message to Europe that it has to find a way that the Eurozone’s finances can be supervised by a triumvirate comprising the European Central Bank, the IMF and the EU.

INDIA'S CONTRIBUTION
•    Owing to the debt loaded 17 nation Euro zone, India on 19 June 2012 announced a $10 Billion contribution to the already existing IMF’s $430 Billion financial money.
•    The announcement was made by Manmohan Singh, Prime Minister, India in the Seventh Summit, G 20 , Mexico.
•    The amount was contributed to the International Monetary Fund (IMF) for the bailout fund, that would help them ease off a little burden from the debt scenario.

Seventh G 20 and G 20’s history
•    The seventh G 20 take took place in the Mexican resort of Los Cabos. The seventh summit was headed by  Mexico’s President, Felipe de Jesús Calderón Hinojosa.
•    The G 20 comprises the heads of the State or the Government.
•    The G 20 was first proposed by former Prime Minister of Canada, Paul Martin.
•    The next G20 Summit is scheduled in 2013 with Russia as the new chair.

The Group of Twenty, or G20, is the premier forum for international cooperation on the most important aspects of the international economic and financial agenda. It brings together the world’s major advanced and emerging economies.The G20 includes 19 country members and the European Union, which together represent around 90% of global GDP, 80% of global trade and two-thirds of the world’s population.The G 20 started in the year 1999, but it has been regular only since 2008.

UNESCO inscribed Western Ghats Mountain Chain on the List of World Heritage Sites


United Nations Educational, Scientific and Cultural Organisation (UNESCO), the science and cultural body of UN, inscribed India's 1600-km long Western Ghats mountain chain on the list of its world heritage sites on 1 July 2012. The UNESCO World Heritage Committee included 39 sites scattered across Ghats in the coveted list of world heritage sites. Kerala with 20 sites got maximum number of sites included in the heritage list followed by Karnataka with ten. Five sites from Tamil Nadu and four from Maharashtra got the world heritage tag. The Kas plateau, the Koyna wildlife sanctuary, the Chandoli national park and the Radhanagari Wildlife sanctuary in Maharashtra received the designation of world heritage site.
The Western Ghats mountain chain is globally renowned for its enormous biological diversity. The mountain’s chain, which are older than the Himalaya, are widely responsible for the Indian monsoon weather pattern. The Western Ghats are also considered to be one of the world's eight hottest hotspots of biological diversity.
The 1600-km long ghats, begins at the border of Gujarat and Maharashtra and passes through as many as 5 states including Maharashtra, Goa, Karnataka, Tamil Nadu and Kerala. Kanyakumari in Tamil Nadu marks the ending point of the ghats.
The decision to include Western Ghats in the World Heritage list came after a meeting held in Russia on 1 July 2012. Committee of UNESCO holds its meeting once every year, where it looks into the implementation of the UNESCO World Heritage Convention, which defines the kind of natural or cultural sites which can be considered for inclusion on the World Heritage List. Presently five natural sites and 23 cultural sites from India have been inscribed on the Unesco World Heritage List.
India had nominated the Western Ghats for the inclusion in world heritage site at the UNESCO World Heritage Centre, Paris, in February 2010. The Union Environment Ministry in 2010 had constituted an Ecology Expert Panel headed by noted environmentalist Madhav Gadgil to suggest ways to protect the ghats.

Farm suicides rise in Maharashtra, State still leads the list


With a figure of at least 14,027 in 2011, according to the National Crime Records Bureau (NCRB), the total number of farm suicides since 1995 has touched 2,70, 940. The State of Maharashtra shows a rise in numbers yet again, logging 3,337 against 3,141 farmers’ suicides the previous year (and 2,872 in 2009). This, despite heavy massaging of data at the State level for years now, even re-defining of the term “farmer” itself. And despite an orchestrated (and expensive) campaign in the media and other forums by governments and major seed corporations to show that their efforts had made things a lot better. Maharashtra remains the worst single State for farm suicides for over a decade now.
The total number of farmers who have taken their own lives in Maharashtra since 1995 is closing in on 54,000. Of these 33,752 have occurred in nine years since 2003, at an annual average of 3,750. The figure for 1995-2002 was 20,066 at an average of 2,508. Significantly, the rise is occurring even as the farm population is shrinking a fact broadly true across the country. And more so in Maharashtra which has been urbanising more rapidly than most. The rising-suicides-shrinking-population equation suggests a major intensification of the pressures on the community. A better understanding of that, though, awaits the new farm population figures of the 2011 Census — not expected for many months from now. At present both national and State-wise farm suicide ratios (the number of farmers committing suicide per 100,000 farmers) are based on very outdated 2001 Census numbers. 

Big five States
The 2011 total gets dicey with Chhattisgarh’s posting a figure of zero farm suicides. A zero figure should be great news. Except that Chhattisgarh had 7,777 farm suicides in the preceding five years, including 1,126 in 2010. It has been amongst the very worst States for such deaths for several years. The share of the worst (Big 5) states (Maharashtra, Karnataka, Andhra Pradesh, Chhattisgarh and Madhya Pradesh) as a percentage of total farm suicides, is now around 64 per cent. Even with Chhattisgarh showing a ‘zero’ figure, that is not much lower than the preceding five-year average for the Big 5 of close to 66 per cent. It could be that Chhattisgarh’s figures have simply not made it to the NCRB in time. Otherwise, it means that the State is in fact a late entrant to the numbers massage parlour. Others have been doing it for years. Maharashtra since 2007, following the Prime Minister’s visit to Vidarbha. Union Minister for Agriculture Sharad Pawar has strictly avoided using NCRB farm data in Parliament since 2008 because the data are unpleasant. (The union government however quotes the NCRB for all other categories). Now, governments are deep into fiddling the data that goes from the States to the NCRB.
With the Big 5 also staring drought in the face, what numbers the coming season will throw up is most worrying. Within Maharashtra, Vidarbha and Marathwada have already been under great stress (which in turn pushes officials to step up data fiddles). If the numbers are re-calculated using the annual average of Chhattisgarh in the past five years, the national total of farm suicides for 2011 would be 15,582. And the share of the Big 5 (at 10,524) would be nearly 68 per cent. That’s higher than the five-year average for those States, too. In 1995, the first time the NCRB tabulated farm suicide data, the Big 5 accounted for 56.04 per cent of all farm suicides.
In 2011, five States showed increases of over 50 farm suicides compared to 2010. These included Gujarat (55), Haryana (87), Madhya Pradesh (89), Tamil Nadu (82). Maharashtra alone showed a rise of 196. Nine States showed declines exceeding 50 farm suicides, of which Karnataka (485) and Andhra Pradesh (319) and West Bengal (186) claimed the biggest falls. That, of course, after Chhattisgarh, which claimed a decline of 1,126, with its zero farm suicides figure in 2011.

Sunday, 1 July 2012

India-South Korea met for Second Foreign Policy and Security Dialogue in New Delhi

India and South Korea decided to cooperate in the areas of civil nuclear energy and space, including the launch of Korean satellites by India. Both of them met in New Delhi on 28 June 2012 during their second foreign policy and security dialogue.
The Indian delegation was led by Sanjay Singh, secretary (east) external affairs ministry, while the Korean side was led by Ahn Ho-young, first vice minister in the ministry of foreign affairs and trade.
Both the sides have decided to encourage enhanced engagement in civil nuclear energy cooperation apart from the launch of Korean satellites by India. The other discussion was a cluster of regional and global issues, including the situation on the Korean Peninsula.
Both India and South Korea also agreed to accelerate work on upgrading their comprehensive economic partnership agreement (CEPA) to ensure that it reflected current realities.

The India-South Korea Bilateral trade and CEPA
The  Bilateral trade soared up by 70 percent to $20.5 billion in 2011 since the implementation of the CEPA since the last two years.
South Korea expressed interest in opening a new consulate general in Chennai while welcoming India's decision to open a new defence Office at its embassy in Seoul before the end of the year,2012.

Indira Gandhi National Centre for the Arts

The Indira Gandhi National Centre for the Arts (IGNCA) was established in March 1987 in the memory of Late Prime Minister Smt. Indira Gandhi. It is an Autonomous Body under Ministry of Culture with the following objectives and mandate:-

i. to serve as a major resource centre for the arts, especially primary material, written oral, auditory, audio-visual, pictorial, etc.;

ii. to undertake research and publication programmes of reference works, glossaries, dictionaries, encyclopedias, fundamental texts in the arts, humanities and cultural heritage;

iii. to establish tribal and folk arts collection for undertaking, promoting and facilitating systematic scientific studies in this area;

iv. to provide a forum for creative and critical dialogue among the diverse arts ranging from architecture and literature to music, dance, theatre, sculpture, painting, photography, films, pottery, puppetry, weaving, embroidery, etc. through performances, exhibitions, multi-media projections, conferences, seminars, workshops;

v. to evolve models of research programmes and administration of arts more pertinent to the Indian ethos and reality;

vi. to promote awareness of and sensitivity to the historical and cultural interaction and interlinkages between India and other parts of the world in the evolution and manifestation of art and cultural traditions and through this endeavour to promote international goodwill and peace;

vii. to facilitate and promote systematic scientific understanding of the formative and dynamic factors in the complex web of cultural interaction between diverse communities, regions, social strata, etc., and to make through this endeavour a strong rational base for mutual understanding of the role of different cultures and traditions in promoting fundamental values of human welfare such as tolerance, cooperation, aesthetic enrichments, etc.;

viii. to make efforts to bridge the gap in the intellectual understanding between the modern sciences on the one hand and the arts, culture, traditional skills and knowledge on the other;

ix. to develop linkages with other national and international centres of arts and culture and to affiliate with universities and other academic organizations of higher learning within India or abroad for the conduct and recognition of research in art, humanities and cultural heritage.

Special Welfare Schemes for Coal Belts

The Resettlement and Rehabilitation Policy (R&R Policy) & the Corporate Social Responsibility policy (CSR Policy) of Coal India Limited have been formed to provide employment, basic facilities and for development of affected families. The salient features of the R&R Policy of CIL are given as under:

Land compensation to land oustees is paid as per the provisions of the concerned Act or State Government notification. Solarium and Escalation are paid to land oustees as per provisions of the concerned Act or as imposed by the concerned State Govt.

Employment is provided to land oustees against every two acres of land. All the land losers who are not eligible for employment as above, are entitled to receive monetary compensation in lieu of employment at the rate of Rs.5,00,000/- (Five Lakhs) for each acre of land on pro-rata basis. One time lump sum payment of Rs.3,00,000/-(three lakhs), is paid in lieu of alternate House site, Assistance in designing Shifting Allowance, compensation for construction of cattle shed, Monetary compensation for construction of work shed etc. Each affected displaced family gets a subsistence allowance at the rate of 25 days (Minimum Agricultural Wage) per month for one year.

The coal companies assist the Project Affected People (PAPs) to establish non-farm self-employment through the provision of infrastructure, petty contracts or formation of cooperatives and encourage provisions of Jobs with contractors. Contractors are persuaded to give jobs to eligible PAPs on preferential basis.

Coal companies shift the tribal community as a unit and provide facilities to meet the specific needs of the tribal community that allow them to maintain their unique cultural identity. Tribal affected families are given one time financial assistance of 500 days for loss of customary right or usages of forest produce loss. Tribal affected families resettled out of the district shall be given 25% higher rehabilitation and resettlement benefit.

The coal companies provide at the resettlement site, a school, road with street light, pucca drain, pond dugwell and/or tube well for drinking water supply, community center, place of worship, dispensary, grazing land for cattle and play ground. Similar infrastructural facility, if necessary is extended to the host locality. The community facilities and services are available to all residents of the area, including PAPs and the host population. The approach for operation of community facilities is flexible and all efforts are made to involve the State and local self-Government/ Panchayat for operating the facilities. To achieve this, coal companies pursue with these agencies to ensure the same. The planning of the community facilities and their construction is undertaken in consultation with the affected community.

The salient features of CSR Policy of CIL:

The CSR Policy is operational within the radius of 15 Kms of the Project site and areas including headquarters. Further, Board of Directors of subsidiary companies can approve specific cases of CSR Projects beyond mining areas within the respective State. Coal India Limited. Can also execute CSR work which are beyond the jurisdiction of the subsidiary companies.

CSR Policy of CIL aims at sustainable development of the Society supplementing the role of the Govt. in enhancing welfare measures of the society based on the immediate and long term social and environmental consequences of their activities. The fund for the CSR is allocated based on 5% of the retained earnings of previous year subject to minimum of Rs.5/-per tonne of coal production of previous year. Scope of CSR activities includes Infrastructure support, water supply, Health Care, education, environment, Relief of victims and Natural Calamities like Earth Quake, Cyclone, Draught and Flood situation in any part of the country and other development works.

Wednesday, 27 June 2012

Ratan Tata gets Lifetime Achievement Award

Tata Sons Chairman Ratan Tata has been awarded a Lifetime Achievement Award by the prestigious Rockefeller Foundation here for innovation in philanthropy.
The Foundation, celebrating 100 years of global innovation, honoured individuals and institutions with its second annual Innovation Awards in New York.
Speaking on the occasion, Mr. Tata said businesses should be sensitive to the fact that they are making a difference in places where they operate and they have to do things to help the community prosper.
“This is all the more evident in the developing world where disparities are so huge. If the industry is not sensitive to it, they would encourage a backlash to take place and many companies that go overseas are getting to understand the need to do this and those that do not are really hurting the reputation of other industries,” Mr. Tata said.
“When you see in places like Africa and parts of Asia abject poverty, hungry children and malnutrition around you, and you look at yourself as being people who have well being and comforts, I think it takes a very insensitive, tough person not to feel they need to do something,” not just by providing material support but by playing a role in helping give prosperity to the community in which they belong, Mr. Tata added.
He said employees in his organisation have gained a certain spirit of being part of a community in which they operate.
“It has become the DNA of the organisation to play a role in the community,” he added.
Mr. Tata gave the example of a voluntary group in his organisation in which employees get leave from their jobs to help victims of natural disasters like tsunamis and earthquakes in India.

E-voting made Mandatory by SEBI for Top 500 Listed Companies of BSE & NSE

The capital market regulator Securities and Exchange Board of India (SEBI) on 26 June 2012 made it mandatory for top 500 listed companies to hold e-voting with an objective to widen shareholder participation in key decisions. SEBI’s decision on e-voting is to be implemented in a phased manner. The implementation will begin by subjecting the top 500 listed companies at the Bombay Stock Exchange and the National Stock Exchange based on market capitalization to e-voting. The structural changes like scrutiny of audit reports as well as e-voting are expected to benefit the capital market in the medium term.
SEBI also decided to create a Qualified Audit Report review Committee (QARC) represented by accounting regulator ICAI (Institute of Chartered Accountants of India) and stock exchanges. The committee would be responsible for processing qualified annual audit reports filed by the listed entities with stock exchanges. The committee will be expected to study reports where accounting irregularities have been pointed out by Financial Reporting Review Board of the Institute of Chartered Accountants of India (ICAI-FRRB).
The regulator relaxed norms for Offer For Sale (OFS). OFS is a new route introduced by SEBI in early 2012 to help companies increase their public shareholding. A minimum gap of two weeks between two OFS issuances was permitted by SEBI.
SEBI made it easier for promoters of listed companies to dilute their stake and comply with public holding rules by 2013.As specified by SEBI, private sector companies and also the state-owned corporations is required to have a minimum public holding of 25% by August 2013.
In the SEBI board meeting, the regulator also announced a simpler share auction mechanism that would help listed companies to attract investors. It provided institutional investors with the option of applying for shares either with 100% margin or with a lesser margin to be fixed by stock exchanges. However in case of the lesser margin being fixed by the stock exchange the bids cannot be changed.
With regards to fulfilling public holding norms, the board decided that issuers will be required to disclose the floor price a day before the share auction.  The floor price may or may not be a part of the notice given by companies on the offer. Investors were barred from modifying or cancelling bids during the last 60 minutes from the close of the bidding session in the auction. Exchanges are required to display the indicative price during the last 60 minutes of the close of bidding session irrespective of the book being built.

Global Financial Services Firm Nomura slashed India’s GDP Projection

Nomura, the global financial services firm, on 26 June 2012 slashed the country's growth forecast for the fiscal year 2012-13 to 5.8 per cent, from 6.7 per cent earlier. Nomura also cut down India’s GDP forecast for 2013-14 to 6.6 per cent from the earlier 6.9 per cent.
The government in its budgetary projection of GDP growth, estimated the growth rate to be around 7.6 per cent in the fiscal year 2012-13. India's economic growth rate slipped to 6.5 per cent in 2011-12, while it had registered 8.4 per cent growth in the previous two financial years.
The global financial services firm also hiked fiscal deficit forecast for India to 5.8 per cent of GDP in the current fiscal from 5.2 per cent. Government in its budget projections aimed fiscal deficit to bring down to 5.1 per cent in 2012-13 from 5.76 per cent in the previous fiscal.

Indian Railways and IIT-Kanpur developed the Real-Time Train Running Information System

A joint team of Indian railways and IIT-Kanpur developed the real-time train running information system, a technology which will help a mobile user to get the information about the exact location of a train. Under the new technology the user will have to type the train number and SMS it to 09415139139 or 09664139139 for getting the exact location of a train on real-time basis.
The satelite-based train tracking system was jointly developed by the Centre For Railway Information Systems (CRIS), the IT arm of Indian railways and Indian Institute of Technology (IIT), Kanpur to overcome the limitations of the existing Train Running Information System.

At present the real-time train running information system service covers 36 pairs of premier trains. Some of the trains which have been provided with the new technology include Mumbai Rajdhani, Howrah Rajdhani, Dibrugarh Rajdhani, Sealdah Duronto and Shatabdi trains for Bhopal, Kanpur and Amritsar.
The Indian Railway has allocated 121 crore rupees for the project and the service is likely to be extended to all major trains over the next 18 months. The Indian Railways has received the permission from the Indian Space Research Organisation (ISRO) to operate the system through its satellite. The railways department, however, sought fresh order from ISRO, to extend the facility to other major trains.

World Chess Champion Viswanathan Anand roped as Brand Ambassador of TVH

Real estate developer True Value Homes (TVH) on 26 June 2012 signed World Chess Champion Viswanathan Anand as brand ambassador for all its new projects for promoting its project across the World. TVH will be the first South Indian company to be associated with Anand.  Previously, Anand was connected with NIIT from last 13 years.
TVS has number of projects for Chennai and Coimbatore which was expanding Viswanathan presence in the south. The new project of TVH Quadrant was launched on 25 June 2012 by Ravichandran, chairman of TVH. Quadrant is 600 crore rupees super premium 18-storied project at Advar. It consists of 100 units with 2.2 acres. The project would likely to be completed in 3 years.The project has the separate sports facilities for chess and other games. The company is also planning to take chess to schools and organise annual tournaments.
Viswanathan Anand is the current World Chess Champion. He was awarded by Padma Vibhushan in 2007. He also awarded by Rajiv Gandhi Khel Ratna Award in 1991-92. He was the first player in chess history who won the World Championship in three different formats: knockout, tournament and match.

Tuesday, 26 June 2012

Rio+20 summit held in Rio de Janeiro, Brazil


Rio+20 summit held in Rio de Janeiro, Brazil. The heads of 172 states and government marked their presence at the conference. The basic theme of the conference was Green economy in the context of sustainable development poverty eradication and institutional framework for sustainable development. The world famous beaches Copacabana and Ipanema lies in this beautiful city of the world.

Saturday, 23 June 2012

Russia completes India’s submarine modernisation programme

The INS Sindhurakshak submarine came off the slips at the Zvezdochka shipyard in Severodvinsk on Saturday, marking the completion of a mid-life refit programme for the Indian Navy’s Kilo-class diesel-electric submarines in Russia.
During a two-year in-depth modernisation the torpedo-firing INS Sindhurakshak, built in 1997, has been equipped with the tube-launched Club-S cruise missiles effective against surface vessels and submarines at a range of about 200 km. It has also been provided with some Indian-made systems, including a hydro-acoustic "USHUS" complex, a CCS-MK radio-communication system and Porpoise Electronic Support Measures. After going through sea trials and firing tests the submarine will be handed over to the Indian Navy later this year.
The INS Sindhurakshak is the seventh and the last of the 10 Kilo-class submarines that India bought from Russia between 1986 and 2000 to have undergone mid-term repairs and modernisation in Russia. Of the remaining three submarines one was repaired in India and the two others are currently under repair in India.
Even as Russia prepares to deliver the last retrofitted submarine to India, Russia’s top shipbuilding official has come up with the idea of a second mid-life repair of the Indian Navy’s Kilo-class submarines.
“A second repair will add another 5 to 7 or even 10 years to the submarines’ scheduled 20-year service life,” said Andrei Dyachkov, Director General of Sevmash shipyard, who is expected to take over as the head of the United Shipbuilding Corporation, which controls 70 per cent of Russia’s s shipbuilding assets, next month. “This will help the Indian Navy maintain its submarine strength in view of delays in the induction of French-built Scorpene subs and in floating a tender for six more diesel-electric submarines,” he said.
The Indian Navy issued Request For Information (RFIs) under the P-75 (I) project way back in 2008. However, it is yet to open a global tender for the submarines. Russia is expected to take part in the tender with its new Amur-1650 submarines, along with France’s Scorpio, Germany’s Type-214 and Spain’s S-80 submarines.
Mr. Dyachkov, who also heads the Rubin Naval Design Bureau, which designed the Amur-1650, thinks the Russian submarine stands a good chance of winning the Indian tender. 
The Amur-1650 makes far less noise than the Kilo-class submarines, which the NATO nicknamed “Black Holes” for their stealth qualities.
The shipbuilder denied media reports that said Russia was trying to have the demand for the submarines to have onboard Air Independent Propulsion (AIP) system removed from the tender requirements.

Raja Pervez is PPP’s candidate for the Pakistan’s PM

Former IT Minister Raja Parvez Ashraf has been nominated as the candidate for the post of Prime Minister by the ruling Pakistan People’s Party (PPP). Earlier, Pakistan’s court had issued an arrest warrant for PPP’s first choice for the post of PM, Makhdoom Shahabuddin over a drugs scandal. Raja Parvez Ashraf served as the information technology minister of Pakistan until the Supreme Court dismissed Prime Minister Yousuf Raza Gilani. The Lower House of the Pakistani Parliament has been summoned to vote for the new PM.

Indian cities to house nearly 85 crore people by 2050: Study

With growing urbanisation in India, nearly 85 crore people are estimated to live in cities across the country by 2050, a latest report by industry chamber CII and realty consultant Jones Lang LaSalle said.

According to the report, urbanisation in India is growing at the fastest rate among the BRIC nations, putting a pressure on the cities.

"India is witnessing urbanisation on an unprecedented scale with the share of the urban population increasing from 28 per cent in 2001 to 31 per cent in 2011," said the report, Indian Realty -- Through the Looking Glass.

The study said that as per United Nations estimates, India has the highest urban population rate of change among the BRIC nations.

"At this rate, an estimated 843 million people will live in Indian cities by 2050, a figure which is the combined population of present day USA, Brazil, Russia, Japan and Germany," it added.

Due to the extreme rate of urbanisation, the country's face is changing with the fast evolving skylines, mainly in the cities, filling with skyscrapers and different types of architectures.

"Meanwhile, the smaller towns and cities are witnessing a metamorphosis through the expansion of roads and flyovers, real estate development and open areas," the report said.

The report, prepared by JLL for CII, also said the rapid urbanisation is expected to offer large-scale opportunities for real estate and infrastructure development in the cities as well as access to a large skilled workforce.

In this light of rapid urbanisation, the report also highlighted another fact of gradually decreasing the average age of Indian population.

"It is estimated that in 2020, the average age in India will be only 29 years compared with 37 in China and the United States, 45 in Western Europe and 48 in Japan, providing immense opportunities for growth and development across industries wanting to reap this demographic dividend," it added.

Currently, nearly 64 per cent of the Indian population is in the 15-64 working age-group and 35 per cent is in the 15-34 years age-group.

The growth in opportunities due to this rising young population will increase employment, leading to a rise in disposable incomes and consumption expenditure.

"Increases in consumption will further drive the growth of the manufacturing, retail, residential and commercial sectors," it added.