Category Archives: Business & Economy

INTERNATIONAL RECORDS: INDIA RECORDS, MEDICAL & HEALTH SCIENCES – VACCINES: The World Health Organisation (WHO) Approves Hyderabad-based Biological E Ltd, to Manufacture Vaccines for Johnson & Johnson

The World Health Organisation (WHO) has approved India based manufacturing site in Hyderabad, Biological E Limited, to make Covid vaccines for Jansen/Johnson & Johnson.

“This is a great progress for Quad Vaccine and the US India Health partnership,” said a US Embassy spokesperson.

This manufacturing would be done through US technical support and DFC financing. DFC is a US International Development Finance Corporation that invests in the development and advancing US Foreign Policy.

“Quad partners have collectively committed $524 million to the next phase of CEPI’s (Coalition for Epidemic Preparedness) which is an innovative global partnership working to accelerate the development of vaccines against epidemic and pandemic threats) work, accounting for about 50 per cent of total public investors,” according to the joint statement released by Quad members after the Summit last month.

source/content: newindianexpress.com (headline edited)

GLOBAL RECORDS: INDIA, PRECIOUS METALS: India Ranks the Fourth-Largest in Global Gold Recycling according to World Gold Council (WGC).

India has emerged as the fourth largest recycler in the world and the country has recycled 75 tonnes in 2021, according to a World Gold Council (WGC) report.

According to the WGC report titled ‘Gold refining and recycling’, China topped the global gold recycling chart as it recycled 168 tonnes of the yellow metal, followed by Italy in the second position with 80 tonnes and the US at the third rank with 78 tonnes in 2021.

India was ranked fourth in the list as the country recycled 75 tonnes in 2021.

According to the WGC report titled ‘Gold refining and recycling’ from 300 tonnes in 2013, India’s gold refining capacity increased by 1,500 tonnes (500%) in 2021.

The report further noted that the gold refining landscape in the country has changed over the last decade, with the number of formal operations increasing from less than five in 2013 to 33 in 2021.

While the informal sector accounts for as much as an additional 300-500 tonnes, it is worth noting that the scale of unorganised refining has fallen, largely due to the government’s tightening of pollution regulations.

source/content: thehindu.com (headline edited)

INDIA RECORDS: SCIENCE & TECHNOLOGY: For the First Time both IIT Mumbai and IIT Kharagpur jointly build a ‘Quantum Diamond Microscope to Image Magnetic Fields’ that Change within Milliseconds.

Researchers tap fluorescence changes in special, diamond sensors to image time-varying fields.

Researchers from the Indian Institutes of Technology (IIT) at Mumbai and Kharagpur have built a microscope that can image magnetic fields within microscopic two-dimensional samples that change over milliseconds.

This has a huge potential for scientific applications, such as in measuring the biological activity of neurons and the dynamics of vortices in superconductors.

The work, led by IIT Bombay professor Kasturi Saha, from the Department of Electrical Engineering, has been published in  Scientific Reports. 

This is the first time that such a tool has been built to image magnetic fields that change within milliseconds. 

The team had started a collaboration with IIT Kharagpur in 2017 with the ambitious target of building a novel system to image the brain. They collaborated with Sharba Bandopadhyay, who brought in an expertise in neurobiology and bioengineering to complement the knowledge of quantum optics, quantum computing and quantum sensing that was Prof. Saha’s forte.

“We have, along with PhD student Madhur Parashar, developed an algorithm to image neurons in 3D using NV quantum sensors,” says Prof. Saha.

This work was published in  Communications Physics in 2020. We have jointly filed a patent for the present work, she adds.

  • Researchers from the Indian Institutes of Technology (IIT) at Mumbai and Kharagpur have built a microscope that can image magnetic fields within microscopic two-dimensional samples that change over milliseconds.
  • Prof. Saha explains that the ideal frame rate to capture a changing magnetic field is one that captures data at twice the frequency of the changing field.
  • The key aspect of this sensor is a “nitrogen-vacancy (NV) defect centre” in a diamond crystal. Such NV centres act as pseudo atoms with electronic states that are sensitive to the fields and gradients around them (magnetic fields, temperature, electric field and strain).

source/content: thehindu.com(headline edited)

WORLD RECORDS: INDIA RECORDS: SPORT – CHESS: First Time in Nearly 100 years India is Hosting the prestigious Chess Olympiad. PM Modi flags off the First-ever Torch Relay Instituted by FIDE, the International Chess Body for the Chess Olympiad.

In nearly 100 years of the history of the Chess Olympiad, it’s the first time that India will be hosting the prestigious event.

In nearly 100 years of the history of the Chess Olympiad, it’s the first time that India will be hosting the prestigious event.

The international chess body, FIDE, for the very first time has instituted the torch relay, which is part of the Olympic tradition, but was never done in the Chess Olympiad.

FIDE President Arkady Dvorkovich handed over the torch to the prime minister who gave it to the legendary Viswanathan Anand.

The torch will be taken to 75 cities in a span of 40 days before arriving in Mahabalipuram near Chennai. At every location, chess grandmasters of the state will receive the torch.

Leh, Srinagar, Jaipur, Surat, Mumbai, Bhopal, Patna, Kolkata, Gangtok, Hyderabad, Bengaluru, Thrissur, Port Blair and Kanyakumari are among the 75 cities.

In nearly 100 years of the history of the Chess Olympiad, it’s the first time that India will be hosting the prestigious event. With 188 countries registered for the upcoming Olympiad, the country is set to witness a huge congregation of nations for a sporting event for the first time on Indian soil.

source/content: indianexpress.com (headline edited)

INDIA RECORDS: SCIENCE & TECHNOLOGY: The Indian Institute of Technology (IIT) Bombay Team has Developed the First Neurosynaptic Spiking Core based on 45-Nanometer Silicon-on-Insulator Technology

A network of spiking neurons demonstrated.

Using the phenomenon of quantum tunnelling, IIT Bombay researchers have demonstrated, for the first time, a spiking neuron network that is highly compact and shows potential for brain-scale implementation.

The research, published in the journal  IEEE Transactions on Circuits and Systems, demonstrates the use of a 36-member network of spiking neurons in a speech recognition module.

source/content: thehindu.com (headline edited)

INTERNATIONAL RECORDS: ECONOMICS : International Monetary Fund’s (IMF) MD names Dr. Krishna Srinivasan as Director to Head the Asia-Pacific Department (APD)

Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), announced today her intention to appoint Krishna Srinivasan as Director of the Asia and Pacific Department (APD).

Mr. Srinivasan’s appointment as APD Director becomes effective on June 22, 2022. He will succeed Changyong Rhee, whose retirement from the Fund was announced on March 23, 2022.

Mr. Srinivasan, an Indian national, has more than 27 years of Fund experience, starting in the Economist Program in 1994.

He is currently a Deputy Director in APD, where he oversees the department’s surveillance work on a number of large and systemically important countries such as China and Korea, and smaller states in the Pacific such as Fiji and Vanuatu. He also oversees APD’s work on key ASEAN countries, namely Malaysia and Singapore, as well-advanced economies, including Australia and New Zealand. During the Global Financial Crisis, while in the Research Department (RES), Mr. Srinivasan led the Fund’s work on the G20 including the preparation of analytical notes for the meetings of the G20 Ministers and Leaders.

source/content: imf.org (headline edited)

WOLRD RECORDS : SCIENCE & TECHNOLOGY: IIT Madras, Dept of Chemistry Professor Thalappil Pradeep Chosen as Laureate of the 10th edition ‘Prince Sultan Bin Abdulaziz International Prize for Water (PSIPW) for his Breakthrough Discovery

Thalappil Pradeep, institute professor, Department of Chemistry at the Indian Institute of Technology Madras (IITM), has been selected as the laureate of the 10th edition of the ‘Prince Sultan Bin Abdulaziz International Prize for Water’ (PSIPW).

He was selected for the award under ‘Creativity Prize’ category given for ‘breakthrough discovery’ in any water-related field.

Pradeep developed environmentally-friendly ‘water positive’ nano scale materials for the affordable, sustainable, and rapid removal of arsenic from drinking water.

He was recognized earlier with the Padma Shri, and Nikkei Asia Prize, among many others and his technologies are delivering clean water to over 1.2 crore people.

source/content: telegraphindia.com (headline edited)

INDIA RECORDS: SCIENCE & TECHNOLOGY – HEALTH & MEDICAL ENGINEERING: Indian Institute of Technology Guwahati (IIT-G) Develops Specially Designed Low-Cost Prosthetic Leg that allows Deep Squatting

Research for developing artificial limb is funded by Union ministry of education and the department of biotechnology.

Researchers at the Indian Institute of Technology Guwahati (IITG) have developed an affordable prosthetic leg with advanced features, specifically designed for Indian conditions.

The IIT Guwahati said on Monday that the artificial limb allows its user to sit cross-legged and squat deep and is suitable for uneven terrain.

“Affordable prosthetics that are available in the market have many functional limitations. In addition, the Indian lifestyle and uneven terrain require prosthetics with specifications unique to India, which are not widely available in the market. The leg developed by us is state-of-the-art technology, affordable, light weight, stable and capable of mimicking most of the human joint’s motion, the IIT-G said, adding cost of around Rs 25,000 is ensured using the technology.

IIT Guwahati researchers collaborated with 151 Army Base Hospital, Guwahati, Tolaram Bafna Kamrup District Civil Hospital, Guwahati Neurological Research Centre (GNRC), North Guwahati, and North Eastern Indira Gandhi Regional Institute of Health and Medical Sciences (NEIGHRIMS), Shillong, to develop the leg.

A team led by professor S. Kanagaraj, department of mechanical Engineering, IITG, set out to tackle these issues. Prototypes of their models developed by this research team are currently undergoing trials.

Professor Bhaskar Borgohain, head of department (Orthopaedic) at NEIGHRIMS told The Telegraph that work on the project started in 2013 with the objective of developing a “user-friendly and light weight” limb.

He has been associated with the project from the beginning.

“The legs developed by us will not only help cut down on imports of prosthetic legs, especially from Germany and UK, but will also be a huge relief to those in need of such legs. An imported artificial limb will cost anywhere between Rs 1.5 lakh and Rs 3.5 lakh. Our legs would cost much less. It will be launched soon,” Borgohain said.

source/content: telegraphindia.com (headline edited)

GLOBAL RECORDS: INDIA RECORDS – INFORMATION TECHNOLOGY : Amandeep Sing Gill, Former Diplomat of India Appointed by UN Secretary-General Antonio Guterres, as UN’s Technology Envoy for International Digital Cooperation

UN Secretary-General Antonio Guterres on Friday appointed former Indian diplomat Amandeep Singh Gill as his envoy on technology to coordinate programmes for international digital cooperation.

Guterres’ spokesperson Stephane Dujarric announced the appointment calling Gill a “thought leader on digital technology”.

Gill, who graduated from the Panjab University in Chandigarh in BTech in electronics, has a doctorate in nuclear learning in multilateral forums from the King’s College in London.

According to the UN, the envoy on technology “coordinates the implementation of the Secretary-General’s roadmap on digital cooperation and will advance work towards the global digital compact proposed in the common agenda, in close consultation with the member states, technology industry, private companies, civil society, and other stakeholders”.

source/content: daijiworld.com (headline edited)

GLOBAL RECORDS: MEDICAL & HEALTH SCIENCES: Dr. Bopanna Ballachanda Becomes First Indian-American President-Elect to Head the USA’s American Academy Of Audiology (AAA)

Having studied at AIISH Mysuru, Dr. Bopanna Ballachanda becomes the first Indian-American to occupy the top post.

Dr. Bopanna Ballachanda is a Professor (Adjunct) at Texas Tech Health Sciences and Chief Audiology Officer at National Hearing and Balance centres in Albuquerque, New Mexico. With more than 30 years of experience, he is now the President-Elect of the American Academy of Audiology (AAA) and he will have a three-year term from October 1, 2022.

Hailing from Kodagu and coming from a humble background, he did his B.Sc. in Speech and Hearing from the All India Institute of Speech and Hearing (AIISH – 1970 batch), then under the University of Mysore. By becoming the first person of colour to head AAA, Dr. Bopanna has become a role model for many.

source/content: starofmysore.com (headline edited)