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You are here: Home / Archives for Business & Technology

NASA delays launch of next-gen space telescope until 2020

March 28, 2018 by Nasheman

NASA is now targeting May 2020 for the launch of its James Webb Space Telescope, the $8 billion dollar Hubble successor.
The announcement on Tuesday made after an independent assessment of remaining tasks for the highly complex space observatory further pushes the launch target of the next-generation space telescope by about a year.

“Webb is the highest priority project for the agency’s Science Mission Directorate, and the largest international space science project in US history,” said acting NASA Administrator Robert Lightfoot.

“All the observatory’s flight hardware is now complete, however, the issues brought to light with the spacecraft element are prompting us to take the necessary steps to refocus our efforts on the completion of this ambitious and complex observatory,” Lightfoot said.

Testing the hardware on the observatory’s telescope element and spacecraft element demonstrate that these systems individually meet their requirements.

However, recent findings from the project’s Standing Review Board (SRB) indicate more time is needed to test and integrate these components together and then perform environmental testing at Northrop Grumman Aerospace Systems in Redondo Beach, California, the project’s observatory contractor.

NASA said it is also establishing an external Independent Review Board (IRB), chaired by Thomas Young, a highly respected NASA and industry veteran who is often called on to chair advisory committees and analyse organisational and technical issues.

NASA will consider the findings and recommendations of both the boards’ findings for defining a more specific launch time frame.

The US space agency will then provide its assessment in a report to Congress this summer.

Webb is an international project led by NASA with its partners, ESA (European Space Agency) and the Canadian Space Agency.

NASA will work with its partner, ESA, on a new launch readiness date for the Ariane 5 vehicle that will launch Webb into space.

ESA is providing the Ariane 5 as part of its scientific collaboration.

Once a new launch readiness date is determined, NASA said it will provide a cost estimate that may exceed the projected $8 billion development cost to complete the final phase of testing and prepare for launch.

Additional steps to address project challenges include increasing NASA engineering oversight, personnel changes, and new management reporting structures.

“Considering the investment NASA and our international partners have made, we want to proceed systematically through these last tests, with the additional time necessary, to be ready for a May 2020 launch,” said Thomas Zurbuchen, Associate Administrator for NASA’s Science Mission Directorate.

(Ians)

Filed Under: Business & Technology

RBI special measures on March 31 for government accounts

March 28, 2018 by Nasheman

The Reserve Bank of India (RBI) has announced special measures for transaction of central and state government business by banks handling government accounts on March 31 in view of the closing of the financial year on that day.

In a release late on Tuesday, the RBI also said special arrangements have been made to conduct special clearing operations on March 31 in order to facilitate government receipts and payments.

“With a view to providing greater convenience to tax payers, it has been decided that RBI offices and all designated branches of agency banks conducting government banking will keep their counters open up to 8.00 p.m. on March 31, 2018.

“Electronic transactions can be done till the midnight of that day,” it said.

“To facilitate government receipts and payments, necessary arrangements have also been made to conduct special clearing operations across the country. Centralised payment systems such as the RTGS and NEFT will also be operational with the above extended business hours.”

“As far as April 2, 2018 is concerned, since it has been declared as a holiday to enable the banks to close their yearly accounts, although RBI offices will work on that day, centralised payment systems such as the RTGS and NEFT will not be operational on that day,” the statement added.

(IANS)

Filed Under: Business & Technology

Empowerment of Women in Gems & Jewellery Industry

March 27, 2018 by Nasheman

In Gems & Jewellery industry, usually there is a notion in peoples mind that women looks better as a consumer of gold & Jewellery. A woman who is fully loaded with jewellery in parties, social & family gatherings shows the status of a family or a person.

But why the industry, people and women herself haven’t thought of being on the other side of the Gems & Jewellery industry, i.e. Women Entrepreneur.

As it has been already fed into her mind that this industry is orthodox & male dominated. Women will not be able survive in this industry. But if we try and analyze the Gems & Jewellery Industry is more ruled by women, without whom the industry would come to an end. When she can contribute to the industry as a consumer why not women start being a part of this industry.

Women are always known for her multitasking and organizing her daily routines without much effort. So why not use this talent in this industry too.

Gems & Jewellery is a huge platform for the women entrepreneurs. And we Solitaire Diamond Institute take this pride in educating and training women for this industry. Solitaire Diamond Institute contributes to the women empowerment by providing Diploma & Short Term courses like –

  • Diploma in Diamond Grading (Duration : 3 months , 1 month & 1 week)
  • Diploma in Colour Stone Identification (Duration : 3 months , 1 month & 1 week)
  • Diploma in Jewellery Designing (Durations: 6 months, 3 months & 1 month)
  • Diploma in Computer Aided Jewellery Designing ( Duration : 2.5 months & 1 month)
  • Certificate in Gold Appraisal (Duration: 6 days)

Above are the main courses we conducted. We also customize the courses (as per the requirements of a group of minimum 15 members).

SDI has gives 100% placement assistance.

Most of SDI women graduates have been placed in various categories like

  • Manual Jewellery Designer
  • CADD Jewellery Designer
  • Diamond Grader & Assorter
  • Gemologist
  • Freelancer
  • Started her own set-up / Boutique…

Gems & Jewellery industry has started providing equal opportunities to men & Women. And she has also proved to better as an entrepreneur.

Beautiful Phrases told by Beyonce – “We need to reshape our own perception of how we view ourselves. We have to step – up as a women and take the lead”.

Women, don’t stop Dreaming about your glittering careers in Gems & Jewellery Industry as Solitaire Diamond Industry will always give Shape to your Dreams!!!

Come Join us & Empower Yourself.

Filed Under: Business & Technology

Blockchain will disrupt the Real Estate industry and India has a chance to lead

March 26, 2018 by Nasheman

“Buying real estate is the single largest personal financial transaction any of us makes in our lifetime. It also carries the maximum ‘other extra charges’ that we wish we did not have to incur. Fees, commissions, and taxes! Who loves any of those. “

by Purva Wright

The time is ripe for a disruptor !!!

Who will benefit from Blockchain in Real Estate?

1. Buyers and Sellers: Property search through block-chain-enabled MLS. Greatly simplified process of transacting real estate with less paperwork and administrative overheads. Most secure form of transaction recording that enhances trust between all parties. Greater global exposure to property listings in a standard manner. Greatly reduced transaction costs for both the buyer and the seller.

2. Real Estate Agents: Blockchain enabled MLS Listings. Salespersons and brokers can focus on providing more value-added services while minimizing time spent on creating and managing listings, filling forms/agreements etc.

3. Lawyers: Greatly simplified process of transacting real estate with less paperwork and administrative overheads/costs.

Why is Blockchain surging in popularity across industries

Blockchain is a technology that powers crypto currencies.

It is the most secure way of recording transactions in a centralized ledger that is distributed across the internet. An entry/transaction in this ledger is transparent and immutable. The entry cannot be altered through any means without collusion of the entire internet which would be impossible.

Blockchain’s exponential popularity is because of its inherent security, fault tolerance, and transparency.

It is being adopted across the board in a wide range of industries. Each industry may simply have variations and/or extensions of the above reasons for its adoption; for example:

Banking: Bring trust, simplicity, operational efficiency and enhanced customer experience to banking and payment services.

Financial markets: Use blockchain’s shared immutable ledger to track and manage every step of the financial process, no matter how big or small.

Healthcare: Healthcare payers and providers rally for blockchain’s for clinical trial data, regulatory compliance and electronic medical records (EMR).

Government: Pioneering government organizations are embracing blockchain to boost efficiency and collaboration.

Insurance: Automate transaction processing and reconciliation, help protect parties and their interests, and ensure accurate valuations for insured items.

Supply chain: Add greater visibility and efficiency across the entire supply chain to deliver higher value to your customers and trading relationships.

Identity: Improve authentication and consent of executed government services to increase identity protection.

Voting: Elections require authentication of voters’ identity, secure record keeping for tracking votes, and trusted tallies to determine the winner. In the future, blockchain tools could serve as a foundational infrastructure for casting, tracking, and counting votes — potentially eliminating the need for recounts by taking voter fraud and foul play off the table.

How is Blockchain relevant to the Real Estate industry

The pain points for buying and selling property include a lack of transparency during and after transactions, copious amounts of paperwork, possible fraud, and errors in public records. Blockchain offers a way to reduce the need for paper-based record keeping and speed up transactions — helping stakeholders improve efficiency and reduce transaction costs on all sides of the transaction.

Real estate blockchain applications can help record, track, and transfer land titles, property deeds, liens, and more, and can help ensure that all documents are accurate and verifiable.

Tech startup Ubitquity already offers a Software-as-a-Service (SaaS) blockchain platform for financial, title, and mortgage companies. The company is currently working with the Land Records Bureau in Brazil, among other stealth clients, to input property information and record documents through blockchain.

Specific opportunities in the Real Estate industry

1. Speed-up the Transaction Process

With the blockchain tokens, there would be no need for title searches or a middle man to secure the title transfer. By using a blockchain-distributed database to prove the authenticity of the transaction, a homeowner could transfer title quickly without the need for a third-party verification. This technology could very well disrupt the real estate industry by making the escrow companies obsolete.

2. Increase Transparency

One of the largest costs associated with real estate transactions is the lack of transparency, and the second arises from transaction friction due to so many middle men (think escrow, title, insurance, brokers). The blockchain allows all transactions to happen peer to peer, with no middle men and with all information recorded in a fully transparent manner. This will lead to efficiency and trust!

3. Secure Online Data Storage

More than a cryptocurrency, blockchain technology allows for secure online data storage. This could be used in the future for storing of all property records, including deeds, plats, surveys, title chain, etc. Blockchain may eventually be a part of the multiple listing services as well. Uses other than cryptocurrency may eventually be more common.

4. Be Cost Effective While Trusted

Blockchain will eliminate the need for title insurance and add efficiency and confidence to transactions. It will also add transparency across the entire purchaser platform, so that economics such as not being able to afford an attorney will not be a factor in understanding title and ownership issues.

5. Make Good Information Available Openly

“The most valuable commodity I know of is information” — straight from the mouth of Gordon Gekko himself. Blockchain will be a repository of information. Much of this information, once properly entered, will be very valuable. When organizations have good information, and that information is available openly, the risks to all parties involved in any transaction with that organization are diminished greatly.

Conceptual Solution for Blockchain in Real Estate Transaction

The steps bellows show the Blockchain based future of Real Estate transactions:

The opportunity

India can take the lead across APAC region and the world given the level of digital savvy that exists within our population. Technology centers in Bangalore are best positioned to grab this opportunity of a life time and be able to determine the future of Blockchain in the Real Estate Industry. The provincial government of Ontario can invite the private sector to champion the initiative while ensuring that Real Estate bodies and Regulators play a constructive role in making it easier for the general public to benefit from a greatly simplified and far more efficient process of transacting real estate. The elected government owes it to its citizens.

Filed Under: Business & Technology, India

CBI Files Another Bank Fraud Case

March 22, 2018 by Nasheman

Yet another bank fraud has come to light, with the CBI filing a case against Hyderabad-based Totem Infrastructure Ltd for allegedly defrauding a consortium of eight banks led by Union Bank of India (UBI) to the tune of Rs 1,394 crore.

A Central Bureau of Investigation (CBI) team also carried out raids at several places here after filing the FIR against the firm and its Promoters and Directors Tottempudi Salalith and his wife Tottempudi Kavita.

The CBI filed the case on the basis of a complaint filed by UBI which was cheated of Rs 303.84 crore by the firm.

“Loan was taken from a consortium of eight banks including UBI which was the lead bank. Total dues outstanding for the consortium is Rs 1,394.43 crore. This account became NPA on June 30, 2012 after loan and interest payment default,” a CBI official said.

Totem Infrastructure was in the business of road projects, water works and building construction.

It is alleged that funds were diverted and expenditure was inflated, the official said.

On Wednesday, the CBI filed a case against a Chennai-based jeweller, Kanishk Gold Pvt Ltd, for defrauding a consortium of 14 banks led by the State Bank of India to the tune of Rs 824.15 crore in the form of loans that have now been declared as non-performing asset (NPA).

(IANS)

Filed Under: Business & Technology

Kanishk Gold Directors Questioned In Loan Fraud Case

March 22, 2018 by Nasheman

The CBI on Thursday said that it was questioning the directors of Kanishk Gold Pvt. Ltd. (KGPL) in connection with its ongoing probe into the alleged defrauding a consortium of 14 banks led by the SBI to the tune of Rs 824 crore.

A Central Bureau of Investigation official told IANS: “Questioning of KGPL Directors Bhoopesh Kumar Jain and Neeta Jain is being carried out at our Bengaluru office.”

Bhoopesh and Neeta Jain had arrived here on Wednesday evening, according to the official.

The questioning comes in the wake of the case it registered against the Chennai-based jeweller on Wednesday for defrauding the consortium of Rs 824.15 crore in the form of loans, now been declared a non-performing asset (NPA).

The agency also conducted searches at KGPL’s office as well as official and residential premise of accused persons at various places in Chennai.

Filed Under: Business & Technology

Google commits $300mn to empower media houses

March 21, 2018 by Nasheman


In a bid to help news organisations thrive in the digital age, Google has committed $300 million over the next three years as part of the Google News Initiative (GNI).

The GNI will help media outlets evolve new business models while adopting innovative technologies.

According to Google, business models for journalism continue to change drastically and the rapid evolution of technology is challenging all institutions, including the news industry, to keep pace.

“Over the next three years, we’re committing $300 million toward meeting these goals. We’re also deepening our commitment to building products that address the news industry’s most urgent needs,” Philipp Schindler, Chief Business Officer at Google, said in a blog post late on Tuesday.

The GNI is focused on three objectives: Elevate and strengthen quality journalism, evolve business models to drive sustainable growth and empower news organisations through technological innovation.

Google has earlier worked closely with the news industry to address key challenges.

“We worked with the industry to launch the open-source ‘Accelerated Mobile Pages Project’ to improve the mobile web and ‘YouTube Player’ for Publishers to simplify video distribution and reduce costs,” Schindler said.

“We also introduced ‘Flexible Sampling’ to help with discovery of news content on Google; ‘Google News Lab’ to provide newsrooms with trainings and editorial partnerships, and the ‘Digital News Initiative’ to drive innovation in the European news industry,” he added.

Over the past few years, Google has worked with publishers to elevate accurate, quality content and stem the flow of misinformation and disinformation.

“We’re launching the ‘Disinfo Lab’ alongside the ‘First Draft’ to combat mis- and disinformation during elections and breaking news moments,” Google said.

Google is also teaming up with the Poynter Institute, Stanford University, and the Local Media Association to launch “MediaWise”, a project designed to improve digital information literacy for young consumers.

Google is currently working with news organisations around the world to develop and deploy technology that improves newsroom efficiency, creates enriching storytelling experiences, and protects journalists from cyber attacks around the world.

“For example, we are using our natural language processing API to help ‘Hearst Newspapers’ sort, label and categorise more than 3,000 articles every day,” Google said.

Google has also worked with the South China Morning Post to use “Google Earth Studio” to create immersive VR experiences that show the evolution of Hong Kong throughout history.

“Finally, we’re also launching ‘Outline’, an open-source tool from Jigsaw that lets news organisations provide journalists more secure access to the internet,” Google announced.

“Outline” makes it easy for news organisations to set up their own VPN on a private server.

In 2017, Google paid $12.6 billion to partners and drove 10 billion clicks a month to publishers’ websites for free.

(IANS)

Filed Under: Business & Technology, World

National Entrepreneurship Network (NEN) Bags ‘IWFCI-INDIA AWARD’ Wadhwani Foundation

March 20, 2018 by Nasheman

National Entrepreneurship Network (NEN), the flagship initiative of Wadhwani Foundation was conferred the ‘IWFCI – India Award’ during a gilttering valedictory ceremony at “Global Women Investors, Entrepreneurs & Policy Influencers – Summit 2015” in the presence of business leaders, international delegates and media at The Lalit Ashok, Bangalore. Sashi Chimala, Executive Vice President –National Entrepreneurship Network (NEN) and Sunita Singh, Co-founder-NEN and Executive Vice President – Wadhwani foundation received the award on behalf of the NEN team.
The aim of the summit was to understand the challenges faced by women entrepreneurs to scale¬up and globalize and provide a white paper to the government for enabling policy makers to take the right decisions in terms of support, subsidies and schemes and encouraging women entrepreneurs to graduate from Micro Enterprises to Small and Medium Enterprises. Encouraging the attendees by their presence were the dynamic Member of the Karnataka Legislative Assembly, N.A Haris and Sudhakar Rao, former Chief Secretary of Karnataka.

On receiving the award, an elated Sashi Chimala, Executive Vice President –National Entrepreneurship Network (NEN) said, “It is gratifying to see the decade old hard work of NEN team being recognized. The NEN team has over the years worked tirlelessly and has shown immense passion in creating a vibrant entrepreneurship ecosystem in India. NEN has successfully connected beneficiaries [students, aspiring entrepreneurs, startups and SMEs] to its support services and programs that are learning based, network oriented and transactional in nature. Our vision is to create many silicon valleys in India and we will continue to work towards fructification of this paradigm shift. ”
National Entrepreneurship Network (NEN) was co-founded in 2003 with IIT Bombay, IIM Ahmedabad, BITS Pilani, SP Jain Institute of Management and Research and the Institute of Bioinformatics and Applied Biotechnology. The award recognized NEN’s outstanding contribution in creating and supporting high growth entrepreneurs, and driving entrepreneurship as a catalyst for high value job-creation and economic growth in India.
Over the last decade, NEN has championed the cause of entrepreneurship by establishing advanced curriculum at over 500 colleges and by setting up a national network of mentors that continue to inspire, educate and support emerging, high-growth entrepreneurs. Since inception, NEN has resulted in the creation of hundreds of sustained startups, and thousands of direct and indirect jobs. NEN has also built national platforms that showcase, reward and celebrate entrepreneurship.
About Wadhwani Foundation:
Wadhwani Foundation’s primary mission is accelerating economic development in emerging economies through large-scale job creation. Five Initiatives driving innovation, entrepreneurship and skill development cater to this mission. The Foundation is present in India, Indonesia, Pakistan and Malaysia, and has plans to expand to other countries in Southeast Asia, Africa and South America.
National Entrepreneurship Network (NEN) inspires, educates and supports student entrepreneurs, startups and SMEs for creating high-value jobs.
Skills Development Network (SDN) provides vocational training support to educational and training institutes, and employers for entry-level mid-skill jobs through a video based online platform.
Opportunity Network for Disabled (OND) mainstreams the educated disabled into sustainable high quality corporate jobs through a business value proposition.
Research and Innovation Network (RIN) aims to create a world-class innovation ecosystem in India with the goal of propelling India towardsthe top ten innovative nations in the world.
Policy Research Centre provides data driven research inputs for informed policy action towards accelerating economic growth. The initiative has also established a chair in U.S-India policy at the Center for Strategic & International Studies in Washington, D.C.

(IANS)

Filed Under: Business & Technology

Intelligent Transport System Can Prevent Accidents On Expressways: IRF

March 19, 2018 by Nasheman

Mathura: The mangled remains of an SUV that rammed into a canter, killing 3 on Yamuna Expressway, near Mathura on March 18, 2018. (Photo: IANS)


Geneva-based International Road Federation (IRF) on Monday expressed concern over increasing road accidents on Yamuna Expressway and suggested use of intelligent transport system and generating awareness about road condition of the “deadly” highway.

IRF Chairman K.K. Kapila said the driving conditions on Mumbai-Pune Expressway and Noida-Agra Expressway are different than other roads, and for safe driving there, Intelligent Transport Management System along with strict enforcement of speed limits must be implemented.

“Most of users are not aware about concrete construction of Yamuna Expressway. For using such surface, vehicle tyre and condition has to be checked along with driving conditions including weather and visibility,” he said.

A pre-warning about weather condition and driving conditions should be provided to drivers by the road maintenance authorities, he noted.

Kapila said that various studies conducted by the government and non-government agencies have shown that human error is the main reason for accidents on these expressways.

Installation of Intelligent Traffic Management System involving speed cameras and digital warning boards on both the expressways would go a long way in improving safety standards, he said.

“Several other road safety measures need to be taken on e-ways include setting up of trauma care centre, air ambulance, a highway surveillance system, truck terminals close to the two ends, and use of wire ropes crash barrier system,” he added.

Filed Under: Business & Technology

NASA’s New Instrument To Help Measure Sun’s Incoming Energy

March 19, 2018 by Nasheman

To continue long-term measurements of the Sun’s incoming energy, NASA has powered on a new instrument installed on the International Space Station (ISS).

The instrument, Total and Spectral solar Irradiance Sensor (TSIS-1), became fully operational with all instruments collecting science data as of this March, NASA said.

“TSIS-1 extends a long data record that helps us understand the Sun’s influence on Earth’s radiation budget, ozone layer, atmospheric circulation, and ecosystems, and the effects that solar variability has on the Earth system and climate change,” said Dong Wu, TSIS-1 project scientist at NASA’s Goddard Space Flight Center in Greenbelt, Maryland.

TSIS-1 studies the total amount of light energy emitted by the Sun using the Total Irradiance Monitor, one of two sensors onboard.

This sensor’s data will give scientists a better understanding of Earth’s primary energy supply and provide information to help improve models simulating the planet’s climate.

The second onboard sensor, called the Spectral Irradiance Monitor, measures how the Sun’s energy is distributed over the ultraviolet, visible and infrared regions of light.

Measuring the distribution of the Sun’s energy is important because each wavelength of light interacts with the Earth’s atmosphere differently.

For instance, spectral irradiance measurements of the Sun’s ultraviolet radiation are critical to understanding the ozone layer — Earth’s natural sunscreen that protects life from harmful radiation.

“All systems are operating within their expected ranges,” said Peter Pilewskie, TSIS-1 lead scientist at the University of Colorado Laboratory for Atmospheric and Space Physics in the US.

(IANS)

Filed Under: Business & Technology

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