The newly elected Narendra Modi government is set to present its first Budget on 10 July, three days after the Budget session begins in Parliament.Here are some facts about the Union Budget you should know:The Union Budget is a financial statement of the government’s revenue and expenditure for one fiscal year (April to next March). According to Article 112 of the Indian Constitution, the Union Budget is a statement of the estimated receipts and expenditure of the government for that particular year. In other words, the Union Budget keeps an account of the finances of the government for a fiscal year.The presentation of the Union Budget is preceded by the Economic Survey, which lays down the ground for the Budget by indicating its direction and showcasing the economic performance of the country. This year, the Economic Survey will be presented on 9 July, a day before the Union Budget is presented by Finance Minister Arun Jaitley on 10 July.The Union Budget comprises two aspects – the Revenue Budget and the Capital Budget.The Revenue Budget entails the revenue that the government gets, mainly from taxes and other sources. The Revenue Budget also looks at the day-to-day expenditure of the government.The Capital budget entails capital receipts, which cover the loans that the government raises and capital payments which include government expenditure on the acquisition of assets.The Union Budget is presented by the Finance Minister before the fiscal year begins, usually at the end of the month fo February. However, during the elections, an Interim Budget is passed to be in effect till the next government comes to power and brings out its Budget. An interim Budget is passed through a Vote on Account procedure and is applicable for a limited time period.The first Union Budget of India was presented in 1947 by RK Shanmukhan Chetty. Here is the documented speech made by the first Finance Minister of India.The Union Budget 1950-51 was the first to give the foundation for the Planning Commission, an institution that formulates five-year economic plans for the country.The Union Budget 1991-92 by the then-finance Minister Manmohan Singh opened the gates for economic liberalization as import-export policy was revised and import duties were cut.The Union Budget 2014-15 will be the first budget to be presented after Narendra Modi became the Prime Minister of India in May 2014.
Maitri Bridge in Leh-LadakhTwitterMaitri Bridge, the 260-feet long suspension bridge, was built in just 40 days over the Indus river in Jammu and Kashmir’s Leh district. It was opened to the public on Monday, April 1.The bridge is situated at Choglamsar village in Leh and is the longest suspension bridge over the Indus river.The name Maitri symbolises the friendship between the military personnel and locals. The bridge was constructed by Combat Engineers of the Sahas Aur Yogyata Regiment of Indian Army’s Fire and Fury Corps in a record time of 40 days. Almost 500 tonnes of equipment and construction material were taken to the location, reports ANI. The bridge will help the residents of Choglamsar, Stok and Chuchot, which are said to be the largest villages in the regionTwitterAccording to India Today, the bridge has been constructed to help the residents of Choglamsar, Stok and Chuchot.According to ANI, the bridge was inaugurated by war veterans who were part of 1947-48, 1962, 1971 and 1999 operations in Jammu and Kashmir. They were led by an 89-year-old war veteran, Naik Phunchok Angdus (retd). The opening ceremony was conducted in the presence of Lt Gen YK Joshi, General Officer Commanding, Fire and Fury Corps. Other army veterans, senior army officials and civil administrators were present during the opening of the bridge.Twitter 89-year-old war veteran, Naik Phunchok Angdus (retd) formally opening Maitri BridgeTwitter
Shares of private sector lender, Yes Bank, fell over five percent on Thursday after the bank announced a qualified institutional placement (QIP) issue or share sale of over $1 billion to boost its capital base.The Yes Bank stock closed at Rs. 1,326 on Thursday, down 5.65 percent from its previous close on the Bombay Stock Exchange.”The QIP is now opened across the world and we expect investors from across the world to participate. We are targeting $1 billion in line with the enabling resolution from our shareholders. This is growth capital for our bank, which is growing at 30 percent, and we will ensure that we continue to grow at that pace,” the Economic Times quoted Rana Kapoor, CEO at Yes Bank.A QIP is a process by which a listed company raises funds by selling its shares to institutional investors. During an interview with Bloomberg in June, the bank’s CEO had said that the QIP would result in diluting between 12-13.5 percent stake.Yes Bank is reportedly selling shares worth Rs. 6,600 crore (about $1 billion) to institutional investors at Rs.1, 410 per share. Goldman Sachs, Edelweiss, Religare, Motilal Oswal and HSBC are among some of the lender banks for the institutional placement issue.According to media reports, shareholders of the Mumbai-based bank had approved fund-raising to the tune of $1 billion.The bank had managed to raise about $500 million (about Rs. 2,900 crore) through the same route in May 2014. During the time, it had hired HSBC Holdings Plc, Deutsche Bank, Motilal Oswal Securities Limited, JM Financial Ltd and UBS in addition to Goldman Sachs for the fund raising.
A man looks at a screen displaying news of markets update inside the Bombay Stock Exchange (BSE) building in Mumbai, June 20, 2016.Reuters fileIndian markets ended the week on a strong note on Friday, tracking gains in Asian stocks on easing concerns over higher rates and inflation.Investors bought shares of recent underperformers such as pharma and financials after a tumultous last week.The Sensex ended higher 322 points, or 0.95 percent, at 34,142 and the Nifty gained 108 points, or 1.04 percent, at 10,491. The Indian rupee strengthened against the U.S. dollar on the back of gains in local equity markets.The partially convertible rupee closed at 64.73 on Friday, up 0.50 percent from its previous close of 63.05.So far this year, the rupee weakened 1.3 percent, while foreign investors have bought $895.80 million and $1.68 billion in equity and debt markets, respectively.The stock markets remain close on March 2 on account of Holi.Here’s what to watch in the coming days.Powell’s testimonyMarkets may well get a jolt of additional information on the outlook for U.S. interest rates over the coming week as newly appointed Federal Reserve chair Jerome Powell presents his first semi-annual testimony starting on Tuesday to both the houses of the U.S. Congress.His comments could shed some light on the ongoing debate over the pace of rate hikes this year and beyond.Powell will deliver the pre-released semi-annual Monetary Policy Report to CongressIndeed, markets will be keenly watching Powell’s performance from a confidence standpoint given he is a seasoned veteran but not an economist who is following in Yellen’s footsteps, according to a note by Scotia Bank.Italy votesSo far markets have largely ignored the Italian election but things are likely to change next week.Italians go to the polls on March 4 and the result is expected to be officially announced on Monday.The main parties to watch are Forza Italia, headed by Silvio Berlusconi, former prime minister; Democratic Party, headed by Matteo Renzi, also a former prime minister who quit the post in 2016; and 5 Star Movement with Luigi Di Maio as its leader.Opinion polls in the months leading up to the election have pointed to a hung parliament where no one party will gain a majority to govern alone.However, polls have shown that although Berlusconi’s center-right is seen as the strongest coalition, M5S is the most popular single party.Italy is the euro zone’s third largest economy and the vote could have far-reaching consequences for the country’s fragile economy, mirred with bad debts and soaring unemployment.Auto sales dataAuto stocks will be in focus as the auto companies will start announcing monthly sales numbers for February 2018 starting from Thursday.Economic dataManufacturing: Markit Economics will unveil the results of a monthly survey on the performance of India’s manufacturing sector for February on Wednesday.Q3 GDP: The government will announce data on third quarter gross domestic product on Wednesday. GDP growth had recovered to 6.3 percent in the third quarter from 5.7 percent recorded in the first quarter.U.S. home sales, GDP: In U.S., the data on new home sales measuring the number of newly constructed homes with a committed sale during January will be announced on Monday. Fourth quarter GDP data and pending home sales data for January will be unveiled on Wednesday.
Rohingya Muslim refugees disembark from a boat on the Bangladeshi side of Naf river in Teknaf. AFP file photoUNICEF trucks filled with emergency water, sanitation and hygiene supplies for thousands of Rohingya children are headed to Cox’s Bazar, with a steady stream of supplies in the pipeline for the coming days and weeks.The UN body gave the update issuing a press release from Cox’s Bazar on Thursday.UNICEF said up to 400,000 Rohingya have fled Myanmar for Bangladesh since 25 August, with thousands more arriving every day.Around 60 per cent are children, according to preliminary estimates.The sheer number of refugees has overwhelmed pre-existing refugee camps, with new arrivals seeking shelter anywhere they can find space, according to the UNICEF news release.“There are acute shortages of everything, most critically shelter, food and clean water,” said Edouard Beigbeder, UNICEF’s representative in Bangladesh.“Conditions on the ground place children at risk of high risk of water-borne disease. We have a monumental task ahead of us to protect these extremely vulnerable children.”UNICEF supplies include detergent powder, soap, and pitchers and jugs for containing water, along with nappies, sanitary napkins, towels and sandals.It is also supporting the Department of Public Health Engineering with water treatment plants and carriers, and is working with partners on the ground to install and rehabilitate tube wells.These items are part of a first wave of supplies that will massively scale-up UNICEF’s emergency response to the growing number of Rohingya children in Bangladesh, Beigbeder said.UNICEF has appealed for $7.3 million to provide emergency support to Rohingya children over the next four months.
Amitava SarkarStudents of Houston Ballet Academy’s Lower School Amitava SarkarStudents of Houston Ballet Academy’s Lower School Courtesy of Houston BalletMadeleine Onne will start as the new director of the Houston Ballet Academy next summer.More than a thousand students – ranging from four-year-olds to those in their upper teens – come through the doors of the Houston Ballet Academy every year. Not all go on to pursue ballet as a career, but for those who do, the odds are pretty good they’ll get a job with a professional company. “I would say more than half of our company is from our school,” says Houston Ballet Artistic Director Stanton Welch. When he was looking for someone to run their training academy, he says Madeleine Onne was the right fit. “She’s vastly experienced,” he says. “She’s worked with many choreographers, as both as a dancer and a director.”Onne was born and trained in Sweden and has most recently served as Artistic Director of the Hong Kong Ballet for the past seven years. Before that, she was the Artistic Director for the Royal Swedish Ballet, where she’d spent nearly 20 years as a Principal Dancer. “What’s interesting is she comes from mainland Europe, from the Scandinavian countries,” Welch explains. “We haven’t really had a great deal of influence into Houston Ballet through that area yet.”Onne will be in charge of choosing the children for the school, working with the parents, and picking the repertoire. She’ll come to Houston several times over the next few months to assist in performances, including Welch’s new production of The Nutcracker. It’ll be a dress rehearsal for when she takes over full-time next summer. 00:00 /01:21 Listen X Share To embed this piece of audio in your site, please use this code:
X 00:00 /18:02 To embed this piece of audio in your site, please use this code: Listen From Sen. John McCain’s death and the controversial raising and lowering of the White House flag, to Pres. Trump’s tentative new trade deal with Mexico, to voters passing the county’s flood mitigation bond, Houston Matters breaks down the week’s big political stories with analysis of what they could mean for Houston and Texas.Joining host Craig Cohen for this week’s discussion are Jay Aiyer from Texas Southern University and co-host of Houston Public Media’s Party Politics podcast, and Nancy Sims, political analyst at Pierpont Communications and a lecturer at the University of Houston. Share
As Therrell Smith greeted family and friends during her 100th birthday party Nov. 5 at the University of the District of Columbia, she said she was thankful to be so blessed.Therrell Smith is pictured at a celebration for her 96th birthday. On Nov. 5, the D.C. dancer turned 100. (Courtesy photo)Identified as a D.C. dance legend by the International Association of Blacks in Dance, Smith, who has spent most of her life in D.C., has enjoyed spreading cheer to others through dance. She said she has been dancing since she was 8-years-old.“I am very blessed to see the age 100 and to still be able to do the things that I’ve been doing,” she told the AFRO, in reference to her mobility.“It brings me joy to know that I’ve touched so many lives. This is what my life is all about, my goal is to continue. This is what keeps me going.”As a teen, Smith attended Dunbar High School in Northeast D.C. where she choreographed several of the school’s plays and operettas. After graduating high school, Smith studied at Fisk University in Nashville, Tenn., where she spent summers working as a dance teacher at a summer camp in Wisconsin. After graduation, she continued to work with young people as a camp counselor and drama teacher at a camp in Massachusetts. During her younger years, she was selected to study in Paris under the famous Mathilde Kschessinska, prima ballerina assoluta of the Imperial Russian Ballet.“There is no finer person than I can think of to be a better role model. She is just an excellent person,” her niece Shelley Brown told the AFRO.In the District, Smith founded the Therrell Smith School of Dance in 1948. Through the school she has taught dance at the LeDroit Park Nursery School, on Rhode Island Avenue in Northwest D.C. and at the school’s current site on Bunker Hill Rd in Northeast D.C. Smith attends Unity Church in Northwest D.C.“I didn’t think about dancing as a livelihood, but it was a good choice”, Smith told the AFRO.Smith, who was born and raised in D.C., has been a member of the Alpha Kappa Alpha Sorority for 78 years.“She is a warm, loving, and a humble person. She is very giving and willing to serve which is demonstrated through the community,” Jackie Harris, who is Smith’s sorority sister and has known her for many years, told the AFRO.
More information: Dong-Ming Sun, et al. “Mouldable all-carbon integrated circuits.” Nature Communications. (2013) DOI: 10.1038/ncomms3302Dong-Ming Sun, et al. “Flexible high-performance carbon nanotube integrated circuits.” Nature Nanotechnology. (2011) DOI: 10.1038/nnano.2011.1 © 2013 Phys.org. All rights reserved. (Left) All-carbon device fabricated on a flexible polymer substrate. (Right) The ON and OFF currents of the all-carbon transistor for different bending levels. Credit: Sun, et al. ©2013 Macmillan Publishers Limited The new circuits are composed of different types of carbon materials, with the active channels and passive elements consisting of carbon nanotubes, and the dielectric layers and substrates consisting of the plastic polymers polymethyl methacrylate (PMMA) and polyethylene naphthalate (PEN), respectively. Journal information: Nature Communications In a new study, researchers have for the first time developed integrated circuits that are composed entirely of flexible carbon-based materials, and can be molded into various shapes using the same molding techniques used for shaping plastic products. The development could allow electronic circuits to be easily integrated into a variety of plastic products, including everything from medical devices to plastic products around the home.”The plastic cases of smart phones and tablets, which are just protecting the electronic devices inside, will have electronic functions such as displays, touch sensors, and so on, making smart phones more functional and fashionable,” Yutaka Ohno of Nagoya University in Japan and Aalto University in Finland told Phys.org. “By integrating other functions such as displays and sensors into plastic devices, we are thinking of developing 3D interactive information communication devices, which can be used in medical settings, for example.”Ohno, along with Dong-Ming Sun of Nagoya University and their coauthors, have published a paper on the moldable all-carbon integrated circuits in a recent issue of Nature Communications.”The key point in our design is that the all-carbon devices are made of carbon nanotubes and polymers, and they exhibit better flexibility and stretchability compared with devices fabricated from rigid metals and oxide insulators, making the devices much more flexible and elastic,” Sun said. “The results of this study make it possible to achieve a fusion of electronic devices with plastic products, which can lead to the creation of plastic electronic devices that feature both designability and functionality.” Carbon nanotube transistors could lead to inexpensive, flexible electronics (Phys.org) —There has been a great deal of research lately on flexible electronics, but so far these devices (which are mostly made of carbon) still use metal electrodes and oxide insulators, and these rigid materials limit device flexibility. Some polymers and ionic liquids have been introduced as flexible alternatives, but have poor performance in terms of high operating voltages and low operating speeds, respectively. Citation: Plastic products could easily become electronic with first moldable all-carbon circuits (2013, August 23) retrieved 18 August 2019 from https://phys.org/news/2013-08-plastic-products-easily-electronic-moldable.html (Left) A dome-shaped all-carbon device (scale bar, 10 mm). Inset: magnified photograph (scale bar, 1 mm). (Right) Illustration of the cross-section of the air-assisted thermopressure-forming apparatus used to mold the all-carbon device. Credit: Sun, et al. ©2013 Macmillan Publishers Limited Unlike the polymers and ionic liquids that have been previously tried as materials for flexible dielectrics, the PMMA that the researchers used here can enable transistors and integrated circuits to operate at low voltages and high speeds. The low operating voltage can be explained in part by the sparse, network-like carbon nanotube thin film used as the channels, which enhances coupling between the channel and gate electrode compared with using thick polymers as the channels.Previously, the researchers successfully fabricated a thin-film transistor with a mobility greater than 600 cm2V-1s-1 by developing a technology for forming a long, yet pure, carbon nanotube film on plastic. In the new study, the researchers made further progress on the optimization of the film-forming technology, achieving a mobility of 1,027 cm2V-1s-1. This mobility is higher than that of a MOSFET, which uses monocrystalline silicon, and the researchers describe it as an astonishing value for a thin-film transistor fabricated on a plastic substrate.Because these all-carbon devices are made of carbon nanotubes and polymers, they exhibit better flexibility and stretchability compared with devices fabricated from rigid metals and oxide insulators. Perhaps the most useful feature of the all-carbon circuits is their moldability, which the researchers demonstrated by heating and blowing a planar substrate to form a dome-shaped structure. The 3D dome is stretched during this molding process without cracking, in sharp contrast to rigid materials such as metals. The extreme stretchability of both the passive and active elements of the devices can allow them to be formed using the same molding techniques used today to shape plastic products. In order to scale up the devices, the researchers note that it will be important to grow carbon nanotubes with a uniform length and diameter to minimize current variation. Eliminating metallic nanotubes can also offer further performance improvements. They also hope to use fabrication methods other than the lithographic methods they used here.”It is desirable to form carbon nanotube channels and wirings at atmospheric pressure and low temperature by high-throughput printing techniques rather than current lithographic techniques,” Sun said. Explore further This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. , Nature Nanotechnology
Get the biggest Daily stories by emailSubscribeSee our privacy noticeThank you for subscribingSee our privacy noticeCould not subscribe, try again laterInvalid EmailThe M6 motorway is closed in the West Midlands following a ‘serious collision’ this evening. The accident has shut the southbound carriageway between J6 and J5 – with delays building. Three vehicles are believed to be involved, two lorries and a car, following the collision near Birmingham. Police and emergency services are at the scene as of 8.20pm on Thursday May 31 – and the motorway remains closed as of 11pm. A Highways England spokesman said: “The M6 in the West Midlands is currently closed between J6 and J5 while we assist Central Motorway Police Group and emergency services with a serious collision.” Traffic is currently queuing in the area, with reports of congestion stretching back to junction 7. Traffic England is currently suggesting motorists could consider the M6 Toll Road – and Highways England have now put a diversion in place (see below). We have no information yet on whether anyone has been injured. Trapped traffic is, as of 9.20pm, currently being released past the scene in lane one. A Highways England spokesman said: “Please be aware there is a lot of traffic to get through and we are going as quickly and safely as possible but this may take some time before you start to move.” The motorway is currently set to remain closed for several hours – with Traffic England currently estimating around midnight. In other traffic news nationally tonight, there is flooding on the A49 near Ludlow in Shropshire as heavy rain continues to batter the region. The M50 in Gloucestershire is also closed in both directions due to flooding. Read MoreYellow Weather Warnings for rain in force for Stoke-on-Trent until Friday night DIVERSION IN PLACE: Highways England have confirmed there is now a diversion in place following the collision on the M6 in the West Midlands: There is a signed diversion route available via the Hollow Triangle. Traffic should exit the M6 at J6 on to Salford Circus. Take the A5127 southbound then turn left on to the B4137 eastbound. Turn on to the A47 eastbound and then turn on to A452 southbound. Continue straight on to re-join the M6 at J5. We’ll bring you updates on this story as they become available. Want to keep up to date with the latest traffic and travel news?Each day Stoke-on-Trent Live journalists bring you the latest news on the roads and railways across Stoke-on-Trent, North Staffordshire, South Cheshire and further afield to help keep you on the move. For the very latest updates on roads including the M6, A500, A50 and more, visit our dedicated traffic and travel news channel here. We also run a live news feed each weekday, which you can access on our website’s homepage from 7am to 9pm from Monday to Friday. And for more as-we-get-it updates on the roads across the region and beyond, join The Sentinel’s traffic and travel Facebook group here.
25Apr House overwhelmingly approves Rep. Hauck’s plan to ‘Raise the Age’ Categories: Hauck News State Rep. Roger Hauck speaks in support of his “Raise the Age” legislation today on the floor of the Michigan House.State Rep. Roger Hauck’s plan to end the policy requiring all 17-year-olds to be treated as adults in Michigan’s criminal justice system today was overwhelmingly approved by the Michigan House.Hauck, who sponsored the plan alongside a bipartisan group of his colleagues, said Michigan is one of just four states still requiring all 17-year-olds to be prosecuted as adults – even those who commit the most minor offenses. He said eliminating this harmful and ineffective practice will help rehabilitate young offenders and reduce the likelihood of them breaking the law again in the future.“Statistically, 17-year-old offenders sent through the juvenile justice system are much less likely to reoffend than older teens who go through adult court,” said Hauck, of Isabella County’s Union Township. “This one simple reform will help troubled teens all across our state turn their lives around.”Including 17-year-olds in the juvenile system has been shown to reduce reoffending by 34 percent, according to the Centers for Disease Control.Hauck’s plan would raise the age at which individuals are considered adults for the purposes of prosecuting and adjudicating criminal offenses, allowing 17-year-olds to be treated as minors within the juvenile system in most circumstances beginning Oct. 1, 2021. Prosecutors will continue to have discretion, allowing them to waive minors who commit violent crimes into the adult system when appropriate.The measure also includes a funding plan to ensure local communities do not incur any additional costs associated with keeping 17-year-old offenders in the juvenile system, which is administered at the local level. Funding was the key sticking point that halted similar reform efforts in the past.Hauck said the proposal is expected to save public tax dollars over time. Other states that have raised the age have downsized their juvenile justice systems and lowered both short-term and long-term costs.“Anything we do to reduce the number of people in Michigan prisons will free up more public tax dollars to be invested in roads, schools and other critical services,” Hauck said. “This policy will result in brighter futures for both teens and taxpayers.”House Bills 4133-46, 4443 and 4452 now move to the Senate for consideration.###
Hud WoodleChannel operator Scripps Networks International has created a new distribution division, which will make its market debut at MIPCOM with a 1,200 hour slate.Scripp’s veteran Hud Woodle will run the new unit as vice president, international program licensing and distribution. Based in New York, he will report to company CFO Simone Nardi.“As Scripps Networks’ international business continues to expand, bringing our international program sales and distribution function in-house enables us to more closely coordinate our international and regional channel and programming priorities,” said Nardi.He added: “As the global media leader in home, food and travel, Scripps Networks offers premium aspirational content that resonates with a global audience.”Woodle will manage all aspects of the company’s program sales and content distribution activities, working with regional managing directors in London, Singapore and São Paulo. The moniker for the new unit will be Scripps Networks International Program Sales and Distribution.Woodle will also oversee program delivery operations for the company’s international channels. Scripps said it is currently in the process of building his program sales team with members based in New York, London, Singapore and Sydney being recruited.Passion Distribution has been selling Scripps content and will continue to partner with Scripps Networks over the next six months as that deal is phased out. While it remains in place, Passion will launch a new slate of new original content from Scripps as part of its MIPCOM slate.Woodle joined Scripps Networks International eight years ago as Director of Program Sales where he was responsible for program sales in Asia and Latin America. In 2009, Woodle successfully launched Food Network in Asia and secured channel distribution across key platforms in Southeast Asia. He went on to become the general manager of Food Network in Asia, overseeing network operations and successfully negotiating affiliate agreements in the region.
Google has selected TiVo Music Metadata to provide artist data and images for YouTube Red, YouTube Music and the Google Play Music store.Through the deal, YouTube and Google will be able to connect music videos to artist pictures and songs, offering what TiVo described as a “more immersive entertainment experience”.“In addition to the incredible range of our collection, TiVo Music Metadata has a unique ability to go beyond traditional tracking, linking musical library content with other relevant artist or album info, which provides a wider span of context for the listener,” said Roz Ho, senior vice president and general manager, consumer and metadata, TiVo.“The dynamic features of our metadata made it the ideal fit for Google’s musical platforms, allowing them to create stronger entertainment experiences.”The news comes weeks after YouTube CEO Susan Wojcicki said that YouTube Red is due to be rolled out to around 100 countries this year.Speaking at the Code Media conference in California, Wojcicki described Red as “really a music service,” which it now plans to expand into many more markets after agreeing music licensing deals.TiVo Music Metadata claims to cover 34 million tracks worldwide that are refreshed daily.