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Feb112017 by Team - The Digital IndianNo Comments

Long-gestation projects responsible for high NPAs: Urjit Patel

Economy

RBI governor Urjit Patel says problem of NPAs was earlier also but it is only recently issue was being recognized. New Delhi: RBI Governor Urjit Patel today attributed the banks grappling with high bad loans to legacy issues saying they are mostly on account of credit facility provided for long-gestation projects before 2011-12. He further said the problem of non-performing assets (NPAs) was earlier also but it is only recently that the issue is being recognized. Patel said that sectors in which bad loans have emerged over the years pertain to long-gestation projects, which were mostly funded before 2011-12. “Therefore, …by definition, this proportionate amount is a legacy issue, although the recognition and reporting of these have taken place only recently,” the RBI Governor s...

Feb112017 by Team - The Digital IndianNo Comments

Sasikala meets legislators at resort, except Thambidurai all MPs to join OPS camp

Tamil Naidu

The Tamil Nadu political crisis is turning into a pot boiler. Sasikala Natrajan held a meeting with the AIADMK MLAs at the resort before the leaving the venue. Earlier as Sasikala made her entry into the Golden Bay resort, several AIADMK MLAs chanted slogans in her favour. Reports suggest that a new legislature party leader may be appointed. The same would be informed to the Governor. The frontrunners to the post according to sources are K S Sengottaiyan and Edapady Palanisamy. However, Sengottiyan has denied any change in leadership. He told the media at the resort that Sasikala will be the CM. Meanwhile security has been tightened around Raj Bhavan as police feel there would be protests and dharnas. Sasikala has already written to the Governor stating that even after seven days no ...

Feb112017 by Team - The Digital IndianNo Comments

Donald Trump and PM Abe hail US-Japan alliance as “cornerstone” of peace

USA

In a joint White House press conference Friday afternoon, the US president also said his administration would work to strengthen US-Japanese ties and bring the two nations closer together. “The bond between our two nations and the friendship between our two peoples runs very, very deep,” Trump said. “This administration is committed to bringing those ties even closer.” The American president also expressed great personal warmth towards Abe, who was the first foreign leader to meet Trump as president-elect, and said the two of them “have a very, very good bond.” In further policy remarks, Trump thanked the Japanese Prime Minister for hosting American troops and reaffirmed America’s commitment to preserving freedom of navigation and maintaining Japan’s security, singling out defense...

Feb112017 by Team - The Digital IndianNo Comments

Who said you need smartphones to book seats on trains

Opinion

Who said you need smart phones to book seats on trains and buses? All you require is a handkerchief, and the grimier, the better. The other day the train had barely pulled into a station when a large, hairy, male hand plunged in through the window, startling the bespectacled young man huddled in the side seat out of his catnap. It dangled a tiny lady’s handkerchief like a pendulum under his nose. Now fully awake, the chap, showing signs of being a hypochondriac, involuntarily jerked his head away, stopped breathing and watched the grubby hanky anxiously while trying to distance himself from it and the germs it probably carried, but the hanky persisted in pursuing his nose. Alarmed, he withdrew further and further into his seat quite determined to disappear through its back, when the ...

Feb112017 by Team - The Digital IndianNo Comments

Chandrasekaran all ready to light up the lives of our future generations with Tata Power

Economy

Tata Power Company on Friday announced the appointment of Natarajan Chandrasekaran as the Chairman and Additional Director of the company. He will take the charge on February 11. Chandrasekaran is the Chairman designate of Tata Sons Limited and currently the Chief Executive Officer (CEO) and Managing Director (MD) of Tata Consultancy Services(TCS). “Vide their letter dated February 10, 2017, Tata Sons has exercised the authority under the Company’s Articles of Association and nominated N Chandrasekaran as Chairman of the Board of Directors of the Company with effect from February 11, 2017,” As per news, Tata Power said in a BSE filing “I am honoured to be appointed as the Chairman of the Board of this historic organization which has been serving the nation for the past 100 years with...

Feb102017 by Team - The Digital IndianNo Comments

Committee led by PM Modi appoints directors for Ten IIMs

National

Filling up some of the pending vacancies at 10 Indian Institutes of Management (IIMs), Prime Minister Narendra Modi headed Appointments Cabinet Committee (ACC) on Friday notified appointment of directors for the premier B-schools. As per a notification by the Department of Personnel, Public Grievances and Pensions, appointment to posts of IIM director has been made “on contract basis in the scale of pay of Rs 80,000 (fixed) plus usual allowances for a period of 05 years w.e.f. the date of assumption of charge of the post, or till the incumbent attains the age of 65 years, or until further orders, whichever is the earliest”. The 10 IIMs include Bangalore, Bodhgaya, Sirmaur, Vishakapatnam, Tiruchirappalli, Nagpur, Sambalpur, Raipur, Rohtak and Ranchi. Among these, IIM Ahmedabad faculty...

Feb102017 by Team - The Digital IndianNo Comments

Sunlight, Movement and Heat may soon power your smartphones, wearables

Technology

Sunlight, heat in a room and even movements may soon power your portable and wearable gadgets such as smartphones, thanks to a material identified by scientists that can extract energy from multiple sources at the same time. Researchers from the University of Oulu in Finland have found that a mineral with the perovskite crystal structure has the right properties to extract energy from many forms of energy that surround us and is normally wasted. Perovskites are a family of minerals, many of which have shown promise for harvesting one or two types of energy at a time – but not simultaneously.One member may be good for solar cells, while other my be good at harnessing energy from changes in temperature and pressure. Yang Bai and his colleagues studied a specific type of perovskite call...

Feb102017 by Team - The Digital IndianNo Comments

Shawna Pandya to become third Indian-origin woman to travel to space!

USA

As a child, she loved space and she loved the stars. Today, she’s become the third Indian-origin woman, after Kalpana Chawla and Sunita Williams, to go to space. 32-year-old Shawna Pandya, who is a neurologist by profession, is all set to be a part of an eight-member crew of an expedition in 2018. Pandya will be conducting experiments with bio-science and medical science, as well as studying the effects of micro gravity on health and physiology in space. She will also study climate change as a part of the Polar Suborbital Science in the Upper Mesosphere (PoSSUM) project. The Mumbai-born Canadian doctor is one of the two candidates shortlisted from 3,200 people in the Citizen Science Astronaut program. Apart from being a medical professional, the multi-talented woman is ...

Feb102017 by Team - The Digital IndianNo Comments

Waiting for Nokia’s return? You might be able to buy a handset soon in India

Technology

Nokia Nseries, undoubtedly, once ruled the phone market with its best hardware coupled with some out-of-the-box design. However, with smartphone revolution, the Nseries was somewhat lost in the transaction, but it seems HMD Global is all set to revive the iconic N-series by introducing a new mid-range smartphone. According to the latest leak coming out of China, HMD is working on a new mid-range smartphone which will be named after Nokia N95 and there is a high chance that the device might be showcased at MWC 2017 in Barcelona. To further strengthen this rumour, a leaked image showing the front panel of the smartphone was leaked online. The device is touted to be powered by Qualcomm Snapdragon 600 series and the leak further states that the device is said to enter mass production mod...

Feb102017 by Team - The Digital IndianNo Comments

Ms. Sitharaman said the government is working on eradicating bottlenecks for simplifying the regulations

National

India’s ambitious ‘Make in India’ project is aimed not just at getting more foreign investments into manufacturing in India, but stepping up investments in manufacturing in India — regardless of the origin of the investor. Union Minister of State for Commerce and Industry Nirmala Sitharaman said the government expects more from India Inc as well. “We want them to commit more. There is lot of scope for making in India, and much more.” Ms. Sitharaman said the government was working on removing bottlenecks for Indian manufacturers by simplifying the regulations so that the manufacturing segment gets the much-needed boost. The government has embarked on the Make in India programme with the aim of reviving the manufacturing sector, so that the contribution to the GDP goes up to around 20 to ...