Category Archives: Business & Economy

NATIONAL: SCIENCE, TECHNOLOGY / SPACE: Inflatable Aerodynamic Decelerator (IAD): ISRO’s Vikram Sarabhai Space Centre (VSSC) Demonstrates New Tech that can be used for its Mars, Venus Missions

An IAD, designed and developed by ISRO’s Vikram Sarabhai Space Centre (VSSC), was successfully test flown in a ‘Rohini’ sounding rocket from Thumba Equatorial Rocket Launching Station (TERLS).

 ISRO on Saturday successfully demonstrated a new technology with Inflatable Aerodynamic Decelerator (IAD) that it said is a game-changer with multiple applications for future missions including to Mars and Venus.

An IAD, designed and developed by ISRO’s Vikram Sarabhai Space Centre (VSSC), was successfully test flown in a ‘Rohini’ sounding rocket from Thumba Equatorial Rocket Launching Station (TERLS).

The IAD was initially folded and kept inside the payload bay of the rocket, according to the Bengaluru-headquartered Indian Space Research Organisation (ISRO).

At around 84 km altitude, the IAD was inflated and it descended through atmosphere with the payload part of sounding rocket.

The pneumatic system for inflation was developed by ISRO’s Liquid Propulsion Systems Centre (LPSC), it said.

The IAD has systematically reduced the velocity of the payload through aerodynamic drag and followed the predicted trajectory.

“This is the first time that an IAD is designed specifically for spent stage recovery. All the objectives of the mission were successfully demonstrated”, the space agency said in a statement.

“The IAD has huge potential in variety of space applications like recovery of spent stages of rocket, for landing payloads on to Mars or Venus and in making space habitat for human space flight missions”, it said.

Rohini sounding rockets are routinely used for flight demonstration of new technologies being developed by ISRO as well as by scientists from India and abroad.

In Saturday’s flight, along with IAD new elements like micro video imaging system which captured the bloom and flight of IAD, a miniature software defined radio telemetry transmitter, MEMS (Micro-electromechanical systems)-based acoustic sensor and a host of new methodologies were flight tested successfully, ISRO said.

“These will be inducted later to the major missions. Sounding rockets offers an exciting platform for experimentation in upper atmosphere”, it said.

“This demonstration opens a gateway for cost-effective spent stage recovery using the Inflatable Aerodynamics Decelerator technology and this IAD technology can also be used in ISRO’s future missions to Venus and Mars” said ISRO Chairman S Somanath, who witnessed the launch.

source/content: newindianexpress.com (headline edited)

GLOBAL RECORDS: India Overtakes the U.K. to become Fifth Largest Economy in the World according to IMF projections

With India being the world’s fastest growing major economy, its lead over the U.K will widen in the next few years.

India has overtaken the U.K. to become the world’s fifth-largest economy and is now behind only the US, China, Japan and Germany, according to IMF projections.

A decade back, India was ranked 11th among the large economies while the U.K. was at the fifth position.

With record beating expansion in the April-June quarter, the Indian economy has now overtaken the U.K., which has slipped to the sixth spot.

The assumption of India overtaking the U.K. is based on calculations by Bloomberg using the IMF database and historic exchange rates on its terminal.

“On an adjusted basis and using the dollar exchange rate on the last day of the relevant quarter, the size of the Indian economy in ‘nominal’ cash terms in the quarter through March was $854.7 billion. On the same basis, the U.K. was $816 billion,” stated a Bloomberg report.

With India being the world’s fastest growing major economy, its lead over the U.K. will widen in the next few years.

“Proud moment for India to pip the U.K., our colonial ruler, as the 5th largest economy: India $3.5 trillion vs UK $3.2 trillion. But a reality check of population denominator: India: 1.4 billion vs UK 0.068 billion. Hence, per capita GDP we at $2,500 vs $47,000. We have miles to go… Let’s be at it!,” Uday Kotak, CEO of Kotak Mahindra Bank, said in a tweet.

India has a population 20 times that of the U.K. and so its GDP per capita is lower.

“We just became the 5th largest #economy in the world, surpassing the U.K.!,” tweeted Anil Agarwal, chairman of mining giant Vedanta group. “What an impressive milestone for our rapidly growing Indian economy… In a few years, we will be in Top 3!”

India’s GDP expanded 13.5% in the April-June quarter, the quickest pace in a year, to retain the world’s fastest growing economy tag but rising interest costs and the looming threat of a recession in major world economies could slow the momentum in the coming quarters.

Gross domestic product (GDP) growth of 13.5% year-on-year compares to a 20.1% expansion a year back and 4.09% growth in the previous three months to March, according to official data released earlier this week.

The growth, though lower than the Reserve Bank of India (RBI) estimate of 16.2%, was fuelled by consumption and signalled a revival of domestic demand, particularly in the services sector.

Pent-up demand is driving consumption as consumers, after two years of pandemic restrictions, are stepping out and spending. The services sector has seen a strong bounce back that will get a boost from the festival season next month.

But the slowing growth of the manufacturing sector at 4.8% is an area of worry. Also, imports being higher than exports is a matter of concern.

Additionally, an uneven monsoon is likely to weigh upon agriculture growth and rural demand.

The GDP print will, however, allow the RBI to focus on controlling inflation, which has stayed above the comfort zone of 6% for seven straight months.

The central bank has raised the benchmark policy rate by 140 basis points in three installments since May and has vowed to do more to bring inflation under control.

Besides tighter monetary conditions, Asia’s third-largest economy faces headwinds from higher energy and commodity prices that are likely to weigh on consumer demand and companies’ investment plans.

Also, consumer spending, which accounts for nearly 55% of economic activity, has been hit hard by soaring food and fuel prices.

The GDP growth in the first quarter of the current fiscal was higher than China’s 0.4% expansion in April-June.

source/content: thehindu.com (headline edited)

INDIA RECORDS: SCIENCE, ENGINEERING & TECHNOLOGY: DEFENCE: ‘INS Vikrant’ India’s First Indigenous Aircraft Carrier, a complex Warship is a Unique Reflection of India becoming self-reliant, says PM Modi

“INS Vikrant is not a mere war machine but proof of India’s skill and talent. It is special, different” , said Prime Minister Narendra Modi.

Security concerns in the Indo-Pacific region and the Indian Ocean had long been ignored, but today this area is a major defence priority of the country, said Prime Minister Narendra Modi on September 2, 2022 as he commissioned INS Vikrant, the country’s first indigenous aircraft carrier and the most complex warship ever built.

“Vikrant is a unique reflection of India becoming self-reliant,” he said, adding that his government is working in every direction, from increasing the budget for the Indian Navy to increasing its capability.

The ship is christened after India’s first aircraft carrier Vikrant, which played a vital role in the 1971 war.

From 2013 to 2017, the Navy had fielded two aircraft carriers – the erstwhile Viraat acquired from U.K. and the INS Vikramaditya from Russia which is currently in service. Once Vikrant becomes fully operational, Indian Navy will once again be able to deploy two full-fledged carrier groups significantly expanding its footprint across the Indo-Pacific.

“So far, such aircraft carriers were only made by developed countries. India has taken a step towards being a developed country by being part of the league,” said Mr. Modi speaking at the formal commissioning ceremony which saw the presence of several naval veterans who commanded and served on the erstwhile Vikrant. Envoys and Defence Attaches of few countries were also present at the ceremony including Australian High Commissioner Barry O’Farrell, British High Commissioner Alex Ellis and Russian Ambassador Denis Alipov.

Terming INS Vikrant as huge,the ceremony massive , vast, distinguished and also very special, Mr. Modi said itis not just a warship but a testament to the hard work, talent, influence and commitment of India in the 21st century. “If the goals are distant, the journeys are long, the ocean and the challenges are endless – then India’s answer is Vikrant.”

The Commanding Officer, Capt Vidhyadhar Harke, read the commissioning warrant and the  nishaan (ensign) was hoisted as the national anthem was played followed by the breaking of the commissioning pendent. INS Vikrant adorned the new ensign with effect from its commissioning.

The ship with a displacement of 42,800 tonnes was designed by the Navy’s Warship Design Bureau (WDB) and built by Cochin Shipyard Limited (CSL), a public sector shipyard under Ministry of Ports, Shipping and Waterway.

In line with the prevailing practice globally among carrier-operating nations,the aviation trials are expected to commence by November and expected to continue till mid-2023. Officials had stated that the carrieris expected to be fully operational by end of next year.

The ship would be capable of operating an air wing of 30 aircraft comprising MiG-29K fighter jets, Kamov-31 early warning helicopters, and MH-60R multi-role helicopters, in addition to indigenously manufactured Advanced Light Helicopters (ALH) and Light Combat Aircraft (LCA-Navy).

Fighter aircraft are launched using the Short Take Off But Arrested Recovery (STOBAR) method and INS Vikrant is equipped with a ski-jump for launching aircraft, and a set of three ‘arrester wires’ for their recovery onboard.

The Navy is expected to soon finalise procurement of another carrier-based fighter, between the Boeing F/A-18 E/F Super Hornet and Dassault Aviation Rafale, to operate off its carriers till the indigenous under-development Twin Engine Deck Based Fighter (TEDBF) is available.

The 26,000 tonnes of steel that INS Vikrant is made of is warship-grade, produced for the first time in the country by Steel Authority of India Limited (SAIL), in collaboration with Defence Research and Development Laboratory (DRDL) and the Navy. The steel is now being used in the construction of all warships in the country.

Steel cutting began in April 2005, ship’s keel was laid in February 2009 and it was launched into water in August 2013. The 262m long and 62m wide INS Vikrant is powered by four General Electric LM 2500 engines which give it a maximum speed of 28 Knots and endurance of 7500 NM, which means she can make a voyage from Kochi to Brazil without refuelling.

The ship has around 2,200 compartments, designed for a crew of around 1,600 that include specialised cabins to accommodate women officers and sailors.

Vikrant is the first ship in the Navy and the country which has a 64 slice CT scan machine onboard, in addition to ultrasound and digital X-ray machines and two purpose-built operation theatres.The ship’s reverse osmosis plants produce over four lakh litres of water every day.

The carrier has a large number of indigenous equipment and machinery and the indigenisation efforts have also led to development of ancillary industries, besides generation of employment opportunities for 2,000 CSL staff and about 13,000 employees in ancillary industries.

Globally, there is renewed push by major powers to deploy aircraft carriers despite the growing threats to big surface platforms from missiles and Unmanned Aerial Vehicles (UAVs). While the U.S. is fielding new generation of super carriers, U.K. has fielded new carriers while Japan is converting its helicopter carriers to operate F-35 fighter jets. China which is on a massive maritime modernisation spree, presently operates two carriers, and has launched a third carrier, Fujian, into water in June this year.

source/content: thehindu.com (headline edited)

INDIA RECORDS: SCIENCE, ENGINEERING & TECHNOLOGY: INNOVATION: Border Security Force (BSF) Develops Indigenously Designed and Manufactured ‘Drone-based Tear Smoke Launcher’ for Riot Control

A BSF official said the technology will help in dropping multiple grenades at a time at accurate location.

In a first, the Border Security Force (BSF) has developed a drone-based tear smoke launcher to control riots and other crowd control situations.

The BSF said in a statement on Friday that its tear smoke unit (TSU) in Tekanpur, Gwalior has developed a ‘Drone Tear Smoke Launcher’ for dropping munitions from unmanned aerial vehicles/drones which will be a potential force multiplier to the security forces in law-and-order management.

A BSF official said the technology will help in dropping multiple grenades at a time at accurate location.

“The chances of injuries from debris of the launched grenades will be minimal. The user can drop the grenades at a precise location, unlike the ones fired manually from a gun,” said a BSF official.

The 42nd Annual Governing Body Meeting of the unit was held on Friday under the Chairmanship of Pankaj Kumar Singh, Director General, BSF.

Mr. Singh said that TSU is effectively producing and supplying anti-riot tear smoke munitions to all police forces in India for managing law-and-order situation. He said that indigenous production of non-lethal munitions by TSU has reduced the country’s dependence on foreign munition.

“Timely and effective utilisation of the TSU munitions have saved valuable human lives and public assets worth crores,” the BSF said.

source/content: thehindu.com (headline edited)

INDIA RECORDS: HEALTH & MEDICAL SERVICES, VACCINE, RESEARCH: India’s First HPV Vaccine Against Cervical Cancer

According to the Centers for Disease Control and Prevention, all women are at risk for cervical cancer. It occurs most often in women over age 30.

The Department of Biotechnology (DBT) on Thursday announced the scientific completion of India’s first locally made quadrivalent human papillomavirus vaccine (qHPV) against cervical cancer.

The cervical cancer vaccine, Quadrivalent Human Papillomavirus vaccine (qHPV), is developed by the Serum Institute of India (SII) and the Department of Biotechnology(DBT).

According to Dr N K Arora, Chairperson of the COVID working group, National Technical Advisory Group on Immunisation (NTAGI) said it is an exciting experience to launch a made-in-India vaccine.

“It is very exciting and I must say it makes us very happy that our daughters and granddaughters will now be able to get this much-awaited vaccine”.

“In fact, this is one of the last major vaccines to be introduced. In fact, this is one of the last vaccines that will be launched in the programme. Now, Indian vaccines will be available and we hope that it will be launched in the National Immunisation.

“It is very effective and prevents cervical cancer because, 85% to 90% of cases, cervical cancer is because of this particular virus and this vaccine is against those viruses. So, if we give it to our young children and daughters, they are protected from the infection and consequently probably 30 years later, cancer does not occur,” Dr Arora further explained.

“There was a shortage in the global market. Now Indian vaccine has come. So, we will be able to take care of our requirements within our made-in-India vaccine,” he said.

According to the World Health Organization (WHO) data, 41, 91,000 women have died due to cervical cancer in India since 2019.

What is cervical cancer?

When cancer starts in the cervix, it is called cervical cancer. According to the Centers for Disease Control and Prevention, all women are at risk for cervical cancer. It occurs most often in women over age 30. Long-lasting infection with certain types of human papillomavirus (HPV) is the main cause of cervical cancer. When cervical cancer is found early, it is highly treatable and associated with long survival and good quality of life.

HPV vaccine

The HPV vaccine protects against the types of HPV that most often cause cervical, vaginal, and vulvar cancers. India has been fully dependent on foreign manufacturers for the HPV vaccine. However, on September 1, India will get its first indigenously developed qHPV vaccine.

Serum Institute’s qHPV vaccine got market authorization from the Drugs Controller General of India(DCGI) on 12 July.

source/content: livemint.com (headline edited)

INTERNATIONAL : ARTS & CULTURE: Unheralded Tamil Short Film ‘Shashthi’ Wins 25 Film Festival Awards to date

Featured in 59 film festivals, ‘Shasthi’, which digs into the world of a girl and her journey, has already won 25 awards.

 From a career in chartered accountancy to winning accolades in international film festivals, it may seem like a long shot. But producer and director Jude Peter Damian has done just that with ‘Shashthi’, his first short film.

Featured in 59 film festivals, ‘Shasthi’, which digs into the world of a girl and her journey, has already won 25 awards.

As a director, Jude always wanted to make movies projecting “good characters” who can be examples for developing nations and societies.

‘Shashthi’ narrates the interesting tale about Devi, a woman from an economically weaker background, who changes society to the extent that she is equated with ‘Shashthi’, the goddess of children. It is about how ordinary people (particularly women) can do ‘great’ things and about how perceptions change in different circumstances.

While talking about the recognition that the film is receiving constantly, Jude shared: “Right from the time of writing/planning of the film production, I had international film awards in my mind.”

“I’m happy about the recognition from so many international film festivals, but, honestly, I’m slightly disappointed that the film was not able to enter the Academy Awards competition. I hope I’ll be able to make a film in the near future that gets nominated for the competition sections of the Academy Awards and Cannes Festival.”

source/content: newindianexpress.com (headline edited)

GLOBAL RECORDS: PERSONALITY: Gautam Adani now World’s 3rd Richest Person, Overtakes France’s Louis Vuitton Chief. Simultaneous Record ‘First Time an Asian Person has Broken into the Top 3.

This is the first time an Asian person has broken into the top three of the Bloomberg Billionaires Index.

Business conglomerate Adani Group’s chairman Gautam Adani is now the world’s third-richest person after overtaking France’s Bernard Arnault according to Bloomberg Billionaires Index.

With a total net worth of USD 137.4 billion, 60-year-old Adani has surpassed the wealth of Louis Vuitton chairman Arnault and is now just behind business magnate Elon Musk and Jeff Bezos in the ranking.

In the latest Bloomberg Billionaires Index, Reliance chief Mukesh Ambani is at number 11 with a total USD 91.9 billion worth.

This is the first time an Asian person has broken into the top three of the Bloomberg Billionaires Index.

The index is a daily ranking of the world’s richest people. Details about the calculations are provided in the net worth analysis on each billionaire’s profile page. The figures are updated at the close of every trading day in New York.

The net worth of Elon Musk and Jeff Bezos are currently at USD 251 billion and USD 153 billion, respectively.

Adani is a first-generation entrepreneur and the Adani Group comprises of 7 publicly listed entities with businesses spanning energy, ports and logistics, mining and resources, gas, defence and aerospace and airports. In each of its business areas, the Group has established a leadership position in India.

The Adani Group is the third largest conglomerate (after Reliance Industries and the Tata Group) in India.

Listed Adani group companies are Adani Enterprises, Adani Green Energy, Adani Ports and Special Economic Zone, Adani Power, Adani Total Gas, and Adani Transmission.

Over the past 5 years, flagship company Adani Enterprises has invested heavily in new growth sectors that include airports, cement, copper refining, data centres, green hydrogen, petrochemical refining, roads and solar cell manufacturing.

Looking ahead, it plans to foray into the telecom space and has massive plans to grow its green hydrogen and airports businesses.

source/content: newindianexpress.com (headline edited)

INDIA ON RECORD: LEGAL: REAL ESTATE: Noida SupertechTwin Towers Demolition: India Joins List of Nations to Raze 100m High Buildings

The illegal twin towers in Noida’s Sector 93A were grounded by waterfall implosion technique in a matter of 12 seconds, South African firm Brinkman told reporters.

With the successful demolition of Supertech twin towers, India has joined the club of countries that have razed buildings taller than 100 metres, Joe Brinkman of South African firm Jet Demolitions has said.

The Apex (32 storeys) and Ceyane (29 storeys) towers of Supertech had a height of 103 metres each, according to officials.

Mumbai-based Edifice Engineering , which was tasked with the demolition, had selected Jet Demolitions as its expert partner for the job. The two had together previously demolished four residential complexes in Maradu municipal area of Kochi, Kerala, in a similar fashion.

“India and Edifice have now joined the 100-metre club of countries which have buildings over this height that have been demolished and that too with residential buildings standing so close to them, making the project extremely challenging,” Brinkman, 62, said, heaping praises on the Edifice-Jet team.

source/content: hindustantimes.com (headline edited)

INTERNATIONAL CO-OPERATION: DEFENCE: India, Tanzania to Set up Task Force to prepare Five-Year ‘Future Road Map’ on Defence Cooperation

Union Defence Minister Rajnath Singh met Tanzanian Minister of Defence and National Service Dr. Stergomena Lawrence Tax to discuss a range of issues in New Delhi.

India and Tanzania agreed on the formation of a task force to prepare a five-year ‘future road map’ for enhancing defence cooperation between both the countries and to hold the next Joint Defence Cooperation meeting in Tanzania at an early date. This was agreed at the bilateral meeting between Defence Minister Rajnath Singh and the Tanzanian Minister of Defence and National Service Dr. Stergomena Lawrence Tax on Friday.

“A wide range of issues concerning bilateral, regional and defence industrial cooperation were discussed during the meeting. The two Ministers reviewed the existing military-to-military activities and discussed ways to enhance cooperation in all domains with a focus on defence industry cooperation,” a Ministry statement said.

Mr. Singh also invited his Tanzanian counterpart to the ‘India-Africa Defence Dialogue’ and DefExpo which is scheduled to be held in Gandhinagar, Gujarat between October 18 to 22.

Earlier in the day, Ms. Tax visited the National War Memorial and paid homage to the fallen soldiers and later, she was accorded a ceremonial guard of honour.

Dr. Tax would be visiting the Wargaming Development Centre and Information Fusion Centre – Indian Ocean Region before departing for Hyderabad for interaction with Indian defence industries, the statement added.

source/content: thehindu.com (headline edited)

INTERNATIONAL: SPACE & SATELLITES: ‘Digantara’ a Youth-Led Start-Up to Send 40 Satellites to Compile Space Debris Data

The race to space has the downside of polluting it. A Bengaluru-based start-up plans to send out a constellation of 40 satellites that will gather data on space junk in the low-earth orbit (LEO).
The satellites that will be launched in early next year will gather information on millions of pieces of debris that litter LEO, which NASA describes as an “orbital space junk yard”.

Digantara, the start-up launched by three young engineers, has taken upon itself the mission to help clean up LEO. 

Space junk can reach speeds of up to 18,000 miles per hour, according to NASA. Many of them range from 1 cm to 10 cm in diameter. Most of this orbital debris comprises “human-generated” objects such as parts of spacecraft that have long disintegrated, rocket and satellite components, and very small flecks of paint from spacecraft and whole satellites.

“The ones which are 1 cm in diameter are estimated to be a million. Besides, international space agencies have determined that they are aware of only 4 per cent of objects in space. The data for 96 per cent is still missing,” said Digantara chief operating officer Rahul Rawat, who is only 23 years old.

Digantara, which is incubated at Bengaluru’s Indian Institute of Science, sent out a small satellite, a payload about the “size of a shoe box”, according to the start-up’s CEO Anirudh Sharma, on June 30 this year to gather information on space weather, including radiation, violent storms and other phenomena that can be potentially harsh for spacecraft and burn or fry them. 

While this lone satellite has been sending out data to ground sensors, Rawat pointed to Elon Musk’s SpaceX Starlink constellation of 40 of 49 satellites that were “lost in a single blow” when they encountered a gigantic “solar paroxysm” that burned the spacecraft and cost the company $100 million in February 2022.

It is precisely to avoid satellites getting caught up in such “solar outbursts” or other violent geomagnetic incidents that Digantara expects its own satellites – and the information it will send back to its ground sensors – to come to the rescue of space companies with ambitions of sending out satellites. 

“We are the only start-up of its kind in India though there are competitors in the US and Canada,” Rawat said, adding the gathered data can help firms that are into remote sensing and insurance where risk analysis reports will be important.

source/content: newindianexpress.com (headline edited)