Read about the newly announced kannada Sahitya Academy awards , the launching of Asia’s biggest telescope by Narendra Modi, the new MoU between India and US and more …..
1) Sahitya Academy awards announced:
- The Karnataka Sahitya Academy announced awards for works published in 2013.
- Rajani Narahalli has won the award for her novel ‘Atmavruttanta’, M.S. Sriram for his collection of short stories ‘Salman Khanana Difficulteesu’ and Subbu Holeyar for poetry collection ‘Ellara Beralalloo Antikonda Dhukhave..’.
- Y. Narayanaswamy has bagged the award for his popular play ‘Anabhigna Shakuntala’ and Kuppe Nagaraj for his autobiography ‘Alemariya Antaranga’.
- Apart from these, the Academy in its meeting on Tuesday decided to award five noted litterateurs its honorary award for 2014. They are noted historian S. Settar, noted rationalist and author G. Ramakrishna, renowned poets Subraya Chokkadi, Savita Nagabhushana and Prof. Sukanya Maruti, a release from the Karnataka Sahitya Academy said.
2) Jaitley meets Aus PM Turnbull, talks trade:
- Indian Finance Minister Arun Jaitley today met Australian Prime Minister Malcolm Turnbull as he highlighted the potential of the Indian economy to grow beyond the current rate of 7.6 per cent and the large scope for higher economic exchanges between the two nations.
- During the meeting in Canberra, Turnbull expressed interest in cooperating with India in renewable energy sector where Australia has expertise.
- Jaitley also extended an invitation to Turnbull to visit India. The Finance Minister also met his Australian counterpart Mathias Cormann at a luncheon meet.
- Jaitley reached the Australian capital this morning after a two-day stay in Sydney where he inaugurated the ‘Make in India’ conference.
- The Finance Minister is scheduled to address the K R Narayanan Oration series for this year at the Australian National University (ANU) later on Thursday.
- Jaitley’s speech would review the potential of the government’s policy initiatives to stimulate financial inclusion and reduce poverty and create job opportunities through people’s enhanced participation.
- In the evening, Jaitley would also be attending a special reception organised by the Canberra-based Indian High Commission to be attended by Indian community leaders from several Australian cities.
3) PM, Belgian PM remotely activate ARIES Telescope at Deosthal, Uttarakhand :
- The Prime Minister, Shri Narendra Modi, and the Prime Minister of Belgium, Mr. Charles Michel, today jointly carried out the remote technical activation of a 3.6 metre optical telescope located at Deosthal in Uttarakhand.
- The telescope at the Aryabhatta Research Institute of Observational Sciences (ARIES), has been installed in the Uttarakhand Himalayas, as a result of close collaboration between scientists from the two countries, especially between the teams of ARIES in India, and AMOS (Advanced Mechanical and Optical Systems) in Belgium.
- This is a state-of-the-art world class telescope, which will contribute to observations for several frontline scientific applications.
- Speaking on the occasion, the Prime Minister congratulated the scientists of both the countries for the successful installation of this sophisticated “fully steerable optical telescope in the lap of the Himalayas. He said this is not just a government-to-government effort, but it also involves an autonomous organization – ARIES – and a private company – AMOS.
- He said the remote technical activation from Brussels, 6500 km away, shows that nothing is impossible, once efforts are coordinated. He added that in this case, even the sky is not the limit!
4) SBI sets lending rates under new rules.
- State Bank of India, the nation’s top lender by assets, on Thursday set lending rates under new rules that are aimed at improving transmission of policy rate cuts and also making bank loans more competitive.
- Bankers have said they do not expect any significant impact on margins from the new lending rate structure, which is based on marginal cost of funds. All local currency loans effective April 1 are required to be priced based on the new rules.
- Currently, most banks decide lending rates based on average cost of funds.
- SBI will charge an annual interest of 9.2 percent for loans of one-year tenor, 9.3 percent for two-year tenor, and 9.35 percent for three-year tenor.
- That compares with the 9.3 percent base lending rate of the bank. Loans of overnight and one-month tenor will have interest rate of 8.95 percent and 9.05 percent, respectively, the bank said in a document posted on its website on Thursday.
- Ratings agency India Ratings and Research said in a note it expected as much as 1.2 trillion rupees ($18 billion) worth of corporate borrowing to flow back to the banking sector from the commercial paper market as rates become competitive with the implementation of the marginal cost of funds-based lending rate.
5) India-US to sign MoU for building LIGO project
- India and US will sign a Memorandum of Understanding (MoU) tomorrow for building a state-of-the-art LIGO (Laser Interferometer Gravitational – wave Observatory) project in the country, almost a month after the discovery of gravitational waves.
- The MoU will be signed between the National Science Foundation USA and India’s Department of Atomic Energy and Department of Science and Technology.
- DAE secretary Sekhar Basu will be signing the agreement in USA tomorrow.
- The MoU also states of forming a Joint Oversight Group (JOG) with the scientists from NSF, DAE and DST for better coordination of the project.
- The government last month gave an “in-principle approval” for establishing the LIGO-India project which will establish a state-of-the-art gravitational wave observatory in India in collaboration with the LIGO Laboratory in the US, run by Caltech and MIT.
- The project will bring unprecedented opportunities for scientists and engineers to dig deeper into the realm of gravitational wave and take global leadership in this new astronomical frontier.
- A meeting to decide the site for setting up the laboratory in India will be take place by April 10.