Tag: of

Benefits and importance of open source technology for enterprises

Loknath Das

Technology should be carefully selected to actively grow business over the long term, so it requires careful consideration and foresight. Open source has been gaining popularity or a long time due to the benefits it comes with. Those who don’t know the difference between the two, open source software’s source code is available to everyone. Anyone can modify its code while proprietary software is owned by enterprises or individuals and its source code can only be modified by its owners. Enterprises that use open source software enjoy many advantages over…

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Qantas completes record 19-hour flight to test limits of air travel

Loknath Das

Qantas just broke a record for air travel, and it may have helped science in the process. The Australian airline has completed the first non-stop commercial flight from New York City to Sydney as part of a project researching the effects of very long flights — in this case, 19 hours and 16 minutes. The study measured pilots’ brain waves, melatonin and overall alertness, while passengers helped gauge the effectiveness of anti-jetlag measures like changes to cabin lighting and meals. Travelers even participated in exercises to keep their bodies limber. There are two…

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Technology creating jobs of tomorrow

Loknath Das

Part of the technological shift happening across the globe is the change in how we work, right down to the creation of jobs that simply didn’t exist yesterday. Geoff Augutis delves into how technology is evolving the workforce with the creation of new jobs happening right across the globe. When your teenage child spends their weekends locked in a dark room playing video games with their friends who live half way around the world, it can be hard to see the bright side. That being said this same young man…

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Finance Minister Nirmala Sitharaman to Meet CEOs of Public Sector Banks on October 14

Loknath Das

New Delhi: Finance Minister Nirmala Sitharaman will hold a review meeting with CEOs of public sector banks (PSBs) next week to discuss various issues, including progress on credit offtake. The meeting, scheduled to be held on October 14, is expected to review fund flow to stressed NBFC and MSME (micro, small and medium enterprises) sectors, sources said. Banks are expected to present report card on partial credit guarantee scheme and fund raising from market to enhance their capital base. The Centre in August issued guidelines on operationalising Rs 1 lakh crore…

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Prince Harry Announces Massive Travel Sustainability Project with Key Partners of Industry

Loknath Das

New York: The eco-minded Prince Harry is embarking on a massive travel sustainability initiative in partnership with key travel providers. They aim to improve the practices of the global industry amid an ever-increasing number of travelers. The Duke of Sussex picked Amsterdam, a city hit hard by over-tourism, to announce Travalyst at a news conference Tuesday with his partners, Booking.com; TripAdvisor; Visa; China’s largest travel company, Ctrip; and the Ctrip-owned fare aggregator Skyscanner. The long-term initiative is focused on tackling the travel industry’s impact on climate change, improving wildlife conservation,…

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Opinion | Danger signals from an esoteric corner of finance

Loknath Das

King dollar is rising. Other currencies are falling like ninepins. But to gauge the impact of this surge on Asia, you have to move beyond spot exchange rates and into an esoteric corner where tens of trillions of dollars of off-balance-sheet debt lives in the accounting footnotes of banks, investors and even central banks. That corner is currency swaps. These are deals in which parties exchange funds from one currency into another and reverse the trade, say, five years later. Every three or six months, each earns a benchmark money-market…

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Attention candidates! Ministry of Finance is hiring, apply by today

Loknath Das

The Ministry of Finance is hiring 7 consoultant and 7 young professional Ministry of Finance recruitment: The Ministry of Finance released the official notification for the recruitment process of Young Professional and Consultant Posts on its official website. Candidates who wants to apply for the posts can apply online by today. The official website for the Ministry of Finance is finmin.nic.in. Ministry of Finance recruitment: Important dates to keep in mind Last date to apply: August 10, 2019 Ministry of Finance recruitment: Vacancy details Young Professional: 7 Posts Consultant: 7 Posts…

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Kentucky police use new technology to nab suspects in hours instead of weeks as rapid DNA market takes off

Loknath Das

The Kentucky State Police started using a new DNA test in February that law enforcement officials say could completely revolutionize criminal investigations, analyzing the data in under two hours instead of days or weeks. Colorado-based ANDE Rapid DNA is offering its quick DNA testing to Kentucky state police for free as part of an ongoing pilot program. Kentucky is the first state to use ANDE’s technology for sexual assault cases and it’s getting a lot of notice from other states. ANDE Rapid DNA declined to provide its sales data, but…

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Out of Finance Ministry, Subhash Chandra Garg: No one in govt questioned overseas bonds

Loknath Das

S C Garg (right) takes charge as Power Secretary from A K Bhalla on Friday. (PIB/PTI Photo) Taking charge as Power Secretary, former Finance Secretary Subhash Chandra Garg Friday said “no one in the government” had opposed the idea of sovereign bond issuance during his tenure in the Finance Ministry. On Thursday, the day after he was moved out of the Finance Ministry, Garg said he had applied for voluntary retirement from the IAS with effect from October 31 — he was due to retire in October 2020. Gujarat-cadre officer Atanu…

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Finance ministry mulling 3-5% tax in Budget on cash withdrawal of 10 lakh a year

Loknath Das

NEW DELHI: Withdrawing a cumulative ₹10 lakh a year can attract 3-5 per cent tax if a proposal going around in the Finance Ministry takes shape in the Budget to track high value cash deals and make digital payments mandatory. In its push towards a digital economy, the central government is thinking of introducing a tax of 3-5 per cent on cash withdrawal of ₹10 lakh in a year, a move to discourage cash usage in the economy and resultant black money. Paying ₹30,000-50,000 for ₹10 lakh annual withdrawal will be seen as a loss, the…

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