The Centre is moving ahead with the push to break the policy paralysis and is getting support from Congress-ruled states on Foreign Direct Investment (FDI) in retail. Congress-ruled sates are in favour of FDI in retail and will go ahead with it, sources have told CNN-IBN.
Commerce Minister Anand Sharma will call a meeting some time next week with all stake holders including farmers, experts and the chief ministers of all the states. Sharma will also speak to the chief ministers of Uttar Pradesh, Punjab and West Bengal.
West Bengal Chief Minister and Trinamool Congress President Mamata Banerjee has been a vociferous opponent of FDI in retail. Although the Cabinet approved 51 per cent FDI in retail on November 24, 2011 but the government was forced to put it on hold in the face of strong opposition from Mamata.
There is a strong voice within the Central Government which wants to bring FDI in retail before Parliament's Monsoon Session.
Keen to push FDI in various sectors the Finance Ministry has already put up the final Cabinet note on Insurance and Pension bills, proposing 49 per cent foreign direct investment (FDI) in both sectors.
According to government sources, the Finance Ministry, under Prime Minister Manmohan Singh is planning to introduce both the bills in the Monsoon Session of Parliament. Sources further said that a political call on the FDI cap is likely to be taken soon.
The relativistic model proposed by three groups of physicists that included Peter Higgs in 1964 held the Higgs boson to have a large mass which is why a huge collider-accelerator has been used at CERN to study it.
The Higgs boson is one of the six elementary bosons, the others being the four gauge bosons and the graviton. Bosons, which can be either elementary or composite (like mesons), are one of the two fundamental subatomic particles, the other being the fermions. But unlike photons, gluons, gauge bosons and graviton, the Higgs Boson is a purely hypothetical standard particle. It is the only elementary particle predicted by the Standard Model which has not been observed in Particle Physics experiments.
Satyendra Nath Bose, who as a student at Presidency College, Calcutta, went on to secure the highest marks in every discipline (a few of them remains unbroken even now). Meghnad Saha, his classmate came a close second. Bose would later take up teaching assignments at Calcutta and Dhaka universities.
Bose's biggest contribution to Particle Physics came in the form of a study that he sought to present before his students at Dhaka to show them that contemporary theory was not in accordance with results gathered from experiments. During this lecture, Bose committed a 'mistake' in applying the theory, which unexpectedly gave a prediction that agreed with the experiment. But the 'error' was a statistical one and not an experimental one.
That would evolve into Bose writing a paper deriving Planck's quantum radiation law without any reference to classical physics. He used a new way of counting states with identical particles. He sent the paper directly to Albert Einstein in Germany who, recognizing the importance of the paper, translated it into German himself and submitted it on Bose's behalf to the prestigious Zeitschrift für Physik journal. As a result of this recognition, Bose was able to work for two years in European X-ray and crystallography laboratories, during which he worked with Louis de Broglie, Marie Curie and Einstein himself.
Bose's 'mistake' is today what the world calls Bose–Einstein statistics. This result derived by Bose laid the foundation of quantum statistics, as acknowledged by Einstein and Paul Dirac.
Though Nobel Prize in Physics awards have been awarded in connection with research in this domain, many find it strange that Satyendra Nath Bose himself was not awarded one. But having an elementary particle named after oneself is an honour that far outstrips any award. A Nobel Prize in Physics is awarded every year. But nomenclature of an elementary particle lasts till the end of time.
(Ibnlive)
Ford's new traffic jam assist technology will help self driving cars to make their way through road.
First we saw Volvo’s self-driving road trains, which let people take their hands off the wheel while on the highway. Now Ford has announced that it’s working on traffic jam assist technology--an automated system that could take over when drivers are trapped in traffic. Considering that drivers are on average stuck in traffic 30% of the time, that’s giving a significant amount of control over to the car.
The system will use cameras and radars to keep track of vehicles in front of you, making sure that you brake and accelerate just enough to be safe. Automated steering control will ensure that you don’t veer into another lane. When the traffic jam ends, the system asks the driver to resume control of the vehicle
No word on a release date for the technology, but considering that Volvo is already testing its system on highways and Google has a fleet of self-driving cars, it probably won’t be long.
The system will use cameras and radars to keep track of vehicles in front of you, making sure that you brake and accelerate just enough to be safe. Automated steering control will ensure that you don’t veer into another lane. When the traffic jam ends, the system asks the driver to resume control of the vehicle
No word on a release date for the technology, but considering that Volvo is already testing its system on highways and Google has a fleet of self-driving cars, it probably won’t be long.
What is the God particle and why is it important?
What is the Higgs Boson?
The Higgs is the last missing piece of the Standard Model, the theory that describes the basic building blocks of the universe. The other 11 particles predicted by the model have been found and finding the Higgs would validate the model. Ruling it out or finding something more exotic would force a rethink on how the universe is put together.
Scientists believe that in the first billionth of a second after the Big Bang, the universe was a gigantic soup of particles racing around at the speed of light without any mass to speak of. It was through their interaction with the Higgs field that they gained mass and eventually formed the universe.
The Higgs field is a theoretical and invisible energy field that pervades the whole cosmos. Some particles, like the photons that make up light, are not affected by it and therefore have no mass. Others are not so lucky and find it drags on them as porridge drags on a spoon.
Picture George Clooney (the particle) walking down a street with a gaggle of photographers (the Higgs field) clustered around him. An average guy on the same street (a photon) gets no attention from the paparazzi and gets on with his day. The Higgs particle is the signature of the field - an eyelash of one of the photographers.
The particle is theoretical, first posited in 1964 by six physicists, including Briton Peter Higgs.
The search for it only began in earnest in the 1980s, first in Fermilab's now mothballed Tevatron particle collider near Chicago and later in a similar machine at CERN, but most intensively since 2010 with the start-up of the European centre's Large Hadron Collider.
What is the Standard Model?
The Standard Model is to physics what the theory of evolution is to biology. It is the best explanation physicists have of how the building blocks of the universe are put together. It describes 12 fundamental particles, governed by four basic forces.
But the universe is a big place and the Standard Model only explains a small part of it. Scientists have spotted a gap between what we can see and what must be out there. That gap must be filled by something we don't fully understand, which they have dubbed 'dark matter'. Galaxies are also hurtling away from each other faster than the forces we know about suggest they should. This gap is filled by 'dark energy'. This poorly understood pair are believed to make up a whopping 96 percent of the mass and energy of the cosmos.
Confirming the Standard Model, or perhaps modifying it, would be a step towards the holy grail of physics - a 'theory of everything' that encompasses dark matter, dark energy and the force of gravity, which the Standard Model also does not explain. It could also shed light on even more esoteric ideas, such as the possibility of parallel universes.
CERN spokesman James Gillies has said that just as Albert Einstein's theories enveloped and built on the work of Isaac Newton, the work being done by the thousands of physicists at CERN has the potential to do the same to Einstein's work.
What is the Large Hadron Collider?
The Large Hadron Collider is the world's biggest and most powerful particle accelerator, a 27-km (17-mile) looped pipe that sits in a tunnel 100 metres underground on the Swiss/French border. It cost 3 billion euros to build.
Two beams of protons are fired in opposite directions around it before smashing into each other to create many millions of particle collisions every second in a recreation of the conditions a fraction of a second after the Big Bang, when the Higgs field is believed to have 'switched on'.
The vast amount of data produced is examined by banks of computers. Of all the trillions of collisions, very few are just right for revealing the Higgs particle. That makes the hunt for the Higgs slow, and progress incremental.
What is the Threshold for Proof?
To claim a discovery, scientists have set themselves a target for certainty that they call "5 sigma". This means that there is a probability of less than one in a million that their conclusions from the data harvested from the particle accelerator are the result of a statistical fluke.
The two teams hunting for the Higgs at CERN, called Atlas and CMS, now have twice the amount of data that allowed them to claim 'tantalising glimpses' of the Higgs at the end of last year and this could push their results beyond that threshold.
Offsides are one of the closest decisions to call in football and referees often have to rely on their instinct to try get the right call. While goal line technology is still being researched upon, researchers from the Universidad Carlos III de Madrid (UC3M) are applying stereoscopic 3D to record exercises on offside position for the FIFA to use as teaching material in professional training courses for assistant referees. The objective of this innovation project is to improve the learning environment of the assistant referees with multimedia materials, which offer a visual experience that is the most similar to what referees on the pitch experience, and which can train visual perception in decision-making calls on off-side plays. For that purpose, researchers in the UC3M Television-Film group: memory, representation and industry (TECMERIN) are using this 3D recording technique for the Fédération Internationale de Football Association (FIFA) to use as teaching material in its training courses for assistant referees, within the framework of referee professional training and development all over the world.
Over the course of two days, the TECMERIN research group recorded 500 simulations of off-side plays in stereoscopic 3D with different types of exercises, similar to those used in professional training courses for International FIFA referees. “Among these, those most appropriate to create interactive material to be used by assistant referees all over the world will be chosen,” UC3M professor Manuel Armenteros, coordinator of the project, explained. “The use of stereoscopic images will significantly improve the learning experience due to the fact that a 3D stereoscopic image learning environment generates a visual experience that is much more realistic than 2D,” he asserted.
The technique of creating stereoscopic images uses two lenses - one for each eye, which obtain a greater sense of depth than 2D images. The visual perceptive systems use the differences between the images of each eye to calculate depth. Inspite of the fact that stereoscopic 3D technology has been used for years, this technology could not have attained its current widespread use if it had not been for digital treatment of images. The stereoscopic 3D revolution is linked to the digital revolution, the researchers note. The overlapping of the two images necessary for the creation of stereoscopic images is simplified with the use of a computer, which eliminates the imperfections of previous techniques.
The spread of stereoscopic 3D into the domestic area, including recording as well as visualization devices, portends a visual environment, which represent a significant advance in the creation of images, as important as that of colour, according to Professor Armenteros. Stereoscopic 3D will also influence in narrative aspects, so that a thorough reflection upon its use becomes of essence in the professional as well as the academic environment, explained UC3M professor, Anto J. Benítez, another of the researchers participating in this research project.
If the research does come into effect soon, we’re definitely going to see an improvement in the offside decision in the future.
Diamond quits Barclays; memo hits Bank of England
Facing heavy pressure to step aside in a Libor manipulation scandal, Barclays CEO Bob Diamond resigned Tuesday as a new disclosure hours later dragged the Bank of England deeper into the scandal. Diamond's former management team at Barclays released a memo Diamond wrote in 2008 regarding a conversation with Bank of England Deputy Governor Paul Tucker. In the memo, Tucker appeared tolerant of Barclays' actions.
China backs off plan for metals plant after major protests
After thousands rallied in a sometimes violent protest against a planned metals plant in the Sichuan Province city of Shifang, China's government backed off and said it wouldn't proceed. However, Beijing said it was dispatching teams to educate local residents about the project. The protest reflected a growing geographical awareness and concern over environmental threats from grand Chinese projects and drew widespread attention across the Internet.
U.S. factory orders beat expectations in May
A day after a report that U.S. manufacturing had turned negative in June for the first time in nearly three years, the Commerce Department reported that new orders for U.S.-made factory goods were up a higher-than-expected 0.7% in May. Gains were seen broadly through the sector, including orders for appliances, cars and aircraft.
IMF urges U.S. to act soon to avoid "fiscal cliff," cuts forecast
The International Monetary Fund called on U.S. authorities to take positive steps to avoid a tax-and-spending disaster at the end of the year and lowered its growth forecast for the economy to 2.0%. "It is critical to remove the uncertainty created by the 'fiscal cliff' as well as promptly raise the debt ceiling, pursuing a pace of deficit reduction that does not sap the economic recovery," the fund said in its annual report on the U.S. economy.
ECB rate cut is expected as eurozone inflation cools
With eurozone year-on-year producer price inflation at 2.3% in May, its lowest point in more than two years, the European Central Bank is expected to cut interest rates to their lowest ever Thursday. Producer prices across the zone in May were down 0.5% from April, and consumer price inflation is now expected to decline over the next several months.
Bailout funds for Spain may go directly to banks
Contrary to objections expressed by Germany and other northern European countries last month, the $126 billion in aid designated for Spain will probably be funneled directly to Spanish banks, said Finance Minister Luis de Guindos. The arrangement, now being negotiated by Spain and the EU, would spare the country's sovereign fiscal status from further damage.
JPMorgan faces new scrutiny, this time in power case
Already under U.S. regulatory scrutiny over billions in trading losses, JPMorgan Chase has been subpoenaed twice recently in regard to manipulation of power markets in California and the Midwest.
Market Activities
INTERNATIONAL MARKETS OVERVIEW
U.S. stocks advanced on better-than-expected May factory orders and strong auto sales in a session shortened ahead of the Fourth of July holiday. The S&P 500 Index ended the day up 0.6%. Earlier, European stocks rose amid hopes that generally slack economic numbers will prompt central banks in Europe and the U.S. to provide more stimulus. Here is a continuously updated list of global stock indexes.
Economic Trends & Outlook
Lower-than-expected Chinese inflation may open way for more stimulus
Chinese authorities may have more room for economic stimulus if, as now expected, the nation's inflation rate comes in below 3% when reported later this month. The Bank of Communications now pegs the June figure at 2.4%, and Haitong Securities projects 2.3%. Separately, it was reported that China's "big four" banks extended a lower-than-expected 190 billion yuan in new loans last month.
China's property market shows signs of life
Green shoots are showing up in China's recently dormant property market, as bigger developers over the past two months build up their land banks. The activity remains modest by historical standards but is seen as a way for developers "to diversify their operations to lower their exposure to any single region or business segment," said Kaven Tsang, an analyst for Moody's.
Australia's central bank stands pat on cash rate
After two successive rate cuts, Australia's central bank left its main cash rate at 3.5% Tuesday as it continues to evaluate its most recent moves. Looking ahead, however, analysts say the bank may cut more in August if inflation figures prove as tame as expected.
Economist sees Malaysia hanging in until world markets recover
Malaysia's domestic economy will provide stability in the short term as the global economy continues to improve slowly and possibly turn around late this year, according to Lee Heng Guie, economist with CIMB Investment Bank. "The growth locomotive is slowing but not collapsing," Lee said in his presentation on the resilience of the Malaysian economy at the Selangor government's Budget 2013 dialogue.
No recovery for South Korean economy is seen in 2nd half
Little hope is held out for a pickup in South Korea's economy in the second half due in part to stagnant domestic demand, according to projections from the Hyundai Research Institute. As for exports, much depends on China and its economic policy over coming months while information technology exports to the U.S. are expected to lag.
Philippines may get an upwardly revised forecast from ADB
Stronger-than-expected growth figures for the first quarter may lead the Asian Development Bank to boost its 2012 growth forecast of 4.8% for the Philippines. Though data are still under review, "it is worth noting ... that there is an upside momentum for the Philippines," ADB Country Director Neeraj Jain said.
Capital Markets & Financial Products
Leading 50 Indian stocks nearly all up for the month
Nearly all of India's so-called Nifty 50 stocks have advanced into positive territory on a monthly basis over the past few trading days, lifted by a broadly buoyant market. The same brief period has seen most of the 9.1% gain recorded for the entire month. Nonetheless, a majority of the 50 leading stocks are still on negative ground for the past year.
Demand for offshore funding in yuan may remain muted
Investor confidence shaken by the fact the yuan over the past few months hasn't risen as expected and the ability to raise debt more cheaply using the dollar have sapped enthusiasm for offshore funding in the Chinese currency. And with continued uncertainties in Europe cutting into once-vigorous demand, the so-called dim-sum market may not recover anytime soon.
Taiwan sees sharp drop in IPOs; outlook is dim
Capital raised on Taiwan's stock market in the first half of the year was down 52% from a year before, as reported by Ernst & Young. And looking ahead, the IPO landscape "appears rugged unless the eurozone shows signs of stabilization and concerns over unfavorable tax policy [in Taiwan] dissipate," said Ernst & Young assurance partner Ian Wang.
Samsung loses U.S. bid to lift tablet sales ban while appealing case
South Korea's Samsung said it was disappointed that a U.S. court refused to lift a sales ban on its key Galaxy Tab 10.1 tablets in the country as it appeals a decision that favored rival Apple. Apple claims the device violates patents.
Knight Vinke joins Qatar in pressuring Glencore on Xstrata bid
Qatar Holdings now has an ally in its quest for better terms from Glencore International for its proposed takeover of Xstrata. Knight Vinke Asset Management is demanding that Glencore boost its bid by 16%. "An exchange ratio of 3.25 would represent more appropriate terms," the company said in a letter.
Survey: Asia-Pacific institutional investor assets at $32.8 trillion
The asset pool of the leading 300 institutional investors in Asia and the Pacific is now a collective $32.8 trillion, according to a survey by AsianInvestor magazine. "Our annual ranking should serve as a modest corrective to the gloom in the funds industry. It may be true that macro conditions have kept many investors on the sidelines, but that's a lot of money to leave in bank deposits," observed AsianInvestor Editor Jame DiBiasio.
Apple won a tidy victory in a California court last week when a judge approved an injunction to ban the sale of Galaxy Tab 10.1 tablets in the U.S. Samsung filed an appeal of the ban within hours, but the same judge has now rejected Samsung's request to reconsider her decision on the tablet case, Reuters reports, and the ban stays. Later in the week, the judge also approved a ban on Samsung's Galaxy Nexus phone.
Though it is presently winning points against Samsung, Apple continues to face challenges in its broader patent fights. In another case, this time against Taiwan phone maker HTC, another judge has shot down Apple's request for an emergency ban on the import of HTC smartphones including the premium One X and EVO 4G LTE. Apple claimed HTC continues to violate a patent, but the court thought otherwise, Bloomberg reports.
Chinese Chemical Manufacturer Sues Apple Over "Snow Leopard" Trademark
After fending off a trademark suit from Chinese company Proview over the name of the iPad (and parting with $60 million), Apple is being plied with yet another trademark suit over the Chinese translation of the name of its Snow Leopard OS, formally labelled OS X 10.6. MICgadget reports that a Shanghai court has accepted a claim from a chemicals manufacturer in China called Jiangsu Xuebao, whose name translates to "Snow Leopard," and has scheduled a hearing for July 10.
Facebook, GM Back In Talks About Ads
Days before Facebook's IPO in May, GM said it would remove its ads from the social network with executives complaining that the placements were ineffective in driving sales. Recently, however, the two companies seem to be mending their relationship the Wall Street Journal reports. High ups at both companies are sitting down to hash things out. According to theJournal, Facebook execs have proposed giving GM better data on how ads are faring, and how they could translate into product purchases--a service Facebook is offering other companies that pay to post ads on the social network. GM has yet to officially return as a paid advertiser.
Microsoft Facing Quarterly Loss On Failed Ad Business
Microsoft is writing down $6.2 billion on its 2007 purchase of aQuantive, an online ad serving system. According to the Guardian this places the software giant at risk of an accounting-based quarterly loss (when its sales and profitability had aimed it at a profit of around $5 billion), and demonstrates the catastrophic fail of one of Microsoft's biggest ever purchases, and came a the same time as Google spent $3.1 billion to buy DoubleClick. The online advertising game is notoriously tricky to get right, and has recently resulted in technical difficulties even for Facebook--which is used regularly by nearly one in seven people on the planet.
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According to police, some villagers on Monday heard the wailing of a baby coming from a farm land near Todarwas village in Dausa district, some 100 km from Jaipur.
"They reached the spot and saw a couple fleeing from the place. The villagers tried to chase them, but they escaped. Later, the villagers found a girl lying near a newly dug-up pit. The villagers say that the couple was attempting to bury the girl alive. The girl seems to be a day-old," a police officer said.
The villagers informed police. "The girl was admitted to a hospital. She was suffering from fever. However, her condition is now normal," said the officer.
He added that a first information report has been registered against the unidentified couple.
Several incidents of girls being abandoned by their parents have been reported in Rajasthan of late.
An eight-month-old girl was found wrapped in a cloth near a reservation window of the Rajasthan Roadways bus stand in Bundi May 19. Similarly, an infant girl, apparently abandoned by her parents, was found at the doorstep of a children's home in Udaipur May 9.
According to Census 2011, Rajasthan now has 883 girls between the ages of 0-6 for every 1,000 boys. The child sex ratio in 2001 was 909.
Due to alarming number of female foeticide and infanticide cases, the Rajasthan government in May announced it would frame a "girl policy".
Chief Justice of the Rajasthan High Court Arun Mishra has given an in-principle nod to set up a fast track court for expediting trial in cases of female foeticide.
According to auctioneers Sotheby's, the archive comprising letters, documents and photographs is expected to be auctioned for between 500,000 and 700,000 pounds.
An unnamed highly placed Indian official told the BBC that the Indian government "was close to securing a deal" with Sotheby's after a report by experts who examined the archive in London "strongly advised" the government to bid for it.
Sotheby's did not respond to the likelihood of India buying the archive, but said: "The Gandhi-Kallenbach Archive is scheduled for auction at Sotheby's in London on the 10th July 2012."
It also did not respond to reports that Indian experts had examined the archive.
One of the experts who examined the archive is reported by the BBC as saying that it is "very well preserved and of inestimable value".
The auctioneer's Catalogue Note on the archive says that it "is richly informative of the important (and occasionally misunderstood) friendship between the two men, and is a key biographical source for Gandhi".
In one of the letters, Gandhi writes about Kallenbach on 25 March 1945: "...He used to say to me often that when I was deserted by the whole world, I would find him to be a true friend going with me, if need be, to the ends of the earth in search of Truth..."
Kallenbach (1871-1945) met Gandhi in 1904 in South Africa, and the two since then remained in touch.
In 1910, Kallenbach purchased a 1,100 acre farm at Lawley, 20 miles from Johannesburg, which he gave to Gandhi. The two were closely involved in operating the farm.
The archive for auction not only includes documents relating to the purchase but also reveals the two men acquiring and tending fruit trees, ensuring water supply, and arguing with neighbours over grazing rights, Sotheby's said.
The archive is described as including "poignant letters" by the deeply troubled Harilal, Gandhi's first son, and reveals Kallenbach's deep friendship in particular with Gandhi's second son Manilal, who remained living on Phoenix Settlement in South Africa, and his third son Ramdas.
"These letters, together with those by other family members, Mahadev Desai, and other of Gandhi's close associates in India, provide a detailed portrait of Gandhi's personal life in India", the Catalogue Note says.
"This extraordinarily rich archive stands...as a testament to a hugely significant figure in the life of Gandhi and a key member of his inner circle," it added.
