Month: February 2020

BEL signs MoU with RailTel

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Navratna Defence PSU Bharat Electronics Ltd (BEL) has signed a Memorandum of Understanding (MoU) with RailTel Corporation of India Ltd for co-operation in the field of Cloud Services, IoT, eGovernance, Smart Cities, Networks for Defence projects and mission critical Communication systems for domestic and international markets.   The MOU was signed in the presence of M V Gowtama, CMD, BEL, and Puneet Chawla, CMD, RailTel.   A Navratna PSU and India’s foremost Defence electronics company, BEL is a multi-product, multi-technology, multi-Unit conglomerate having products in the areas of Radars, Missile…

PM inaugurates DefExpo 2020 in Lucknow

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PM Modi has inaugurated the DefExpo 2020 in Lucknow, on February 5 and went around the exhibition while also firing an assault rifle at a virtual firing range. In his speech, the Prime Minister said that India expects to do arms and ammunition export business of Rs 35,000 crore in the next five years.   Speaking at the DefExpo 2020 in Lucknow, PM Modi said that India was not only a market but also an immense opportunity for the entire world, in terms of defence and economy.    He said…

Government to disinvest LIC: Big Reform on the way ?

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Finance minister Nirmala Sitharaman speaks during her maiden budget speech on February 1 on the stake sale in the insurer in the next fiscal and the government has decided to get LIC listed on the markets it is the target for FY21 . It proposes to sell a part of the government’s holding in Life Insurance Corporation (LIC) by way of Initial Public Offer (IPO). LIC will be India’s most valuable firm if listed.   The Life Insurance Corporation of India was founded in 1956 when the Parliament of India…

The rise of electric cars would lead to a big battery waste problem

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Carmakers, recyclers and tech startups are working to solve the question of how to deal with lithium-ion batteries when they wear out. The drive to replace polluting petrol and diesel cars with a new breed of electric vehicles has gathered momentum in recent weeks. But there is an unanswered environmental question at the heart of the electric car movement: what on earth to do with their half-tonne lithium-ion batteries when they wear out?   British and French governments last month committed to outlaw the sale of petrol- and diesel-powered cars by 2040, and carmaker…

5 years jail term or 50 lakh fine for advertisements promoting fairness cream

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The government has proposed to amend the Drugs and Magic Remedies (Objectionable Advertisements) Act, 1954.   As per the draft bill prepared by the government, it could slap a fine of up to Rs 50 lakh and imprisonment up to five years for advertisements promoting pharmaceutical products for fairness of skin, deafness, improvement of height, hair loss or greying, obesity, among others.   Under the new draft of the Drugs and Magic Remedies (Objectionable Advertisements) (Amendment) Bill, 2020, a fine of up to Rs 10 lakh and up to two…

Al Raymi killed in US strike, confirms President Trump

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US President Donald Trump recently confirmed that Al Qaeda founder and leader Al Raymi has been killed in US strike. The counter terrorism operation that was conducted under his direction by the US army in Yemen, killed Quaisam Al-Raymi, who had claimed the responsibility of last year’s deadly shooting at Naval Air station Pensacola, where a Saudi aviation trainee killed three American sailors.   The affiliate has long been considered the global network’s most dangerous branch for its attempts to carry out attacks on the U.S. mainland. Trump said the…

Coronavirus: Actual Facts including death and infected patients out

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The news about Coronavirus affected patients and death toll is being out with each time a new number being displayed. But according to a new report, the number displayed may differ than the actual one. As of Thursday morning, the death from the Wuhan epidemic was reported at 560, while another 28,000 people were said to be infected by the novel virus. But now, a Taiwan News report suggests that the virus scare could be much graver. Quoting an alleged leak from Chinese tech conglomerate Tencent, the report indicated that…

China’s court to give its approval to kill over 20,000 coronavirus patients

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Today Supreme People’s Court, the highest level of court in China is expected to give an approval for the mass killing of coronavirus patients in China. This is seen by Chinese govt as a sure means of controlling the spread of the deadly Coronavirus.   The State tells the court that China is on the verge of losing its health workers to Coronavirus as at least 20 health workers contract the virus daily. The State argues that coronavirus patients admitted at hospitals only have their deaths delayed and infect many…

Innoviti increases gross margins through Deep Technology capability

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Innoviti Payment Solutions has shared insights into how its longstanding focus using technology to create value from digital payment flows has now received a welcome boost from the newly announced regulatory move towards a Zero MDR regime. In a vindication of the company’s strategic bet, the steady regulatory trend over the last 2 years of first reducing and now removing merchant MDRs, has helped drive a surge in transaction throughput per point of acceptance to 5 Lac/month, more than 2X of India’s average (as per RBI data).  This trend is…

U.S. trade deficit declines in 2019 for the first time in six years

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The trade deficit fell slightly for U.S.A in 2019 that marks the first decline in six years, mostly reflecting U.S. tariffs on Chinese goods that reduced the flow of imports from the Asian giant.   The U.S. deficit slipped 1.7% to $617 billion last year from almost $628 billion in 2018. Last year’s trade gap was the highest in a decade.   Earlier in the year American wholesalers rushed to import goods from China before stiffer U.S. tariffs kicked in and they cut back in the fall after the Trump…