India- business and economy RBI allows NRIs to Subscribe Chit Funds
Reserve Bank of Indian has allowed non-resident Indians (NRIs) to invest in chit fund to encourage flow of capital into the country.
Henceforth, NRIs on non-repatriation basis will be allowed to invest in chit fund without any ceiling.
However, the subscription to the chit funds by NRIs will be mandatorily brought in through normal banking channel, including through an account maintained with a bank in India.
Google Launched Special Search Mode for India and Brazil
World’s largest search engine giant Google Inc has launched a new lite mode of Google search engine for India and Brazil on 2 Generation (2G) network.
The new lite mode of Google search engine loads pages four times faster than the traditional webpages and consume 80% less data and penetrate 50% faster connection compared to before.
Union Government Scraps Import Duties on AIDS Drugs and Test Kits
Union Government has scrapped customs import duties for drugs and test kits used to treat Human immunodeficiency virus infection and acquired immune deficiency syndrome (HIV/AIDS).
This decision will help to cut prices of AIDS drugs across the country and thus help directly in Government’s national program to fight the disease. It will also make import raw materials that are used to make antiretrovirals under the national program cheaper.
Jun 12, 2015
Connection Between Brain and Lymphatic System Discovered
Textbooks of medicine say that there is no direct connection between the brain and the lymphatic system. Yet, a paper published recently in the journal Naturerefers to the discovery of exactly such a connection.
The researchers are from the School of Medicine, University of Virginia. While it is quite a startling discovery in itself, it gains significance because it could lead to a breakthrough in the treatment of diseases such as Alzheimer’s disease, multiple sclerosis etc.
Jun 11, 2015
Nearby Dwarf Galaxy Home to Many Large Star Clusters
A team of astronomers has discovered a remarkable cluster of more than a million young stars forming in a hot, dusty cloud of molecular gases in a tiny galaxy very near our own.
The star cluster is buried within a massive gas cloud dubbed "Cloud D" in the NGC 5253 dwarf galaxy.
The star cluster contains more than 7,000 massive "O" stars; the most brilliant stars extant, each a million times more luminous than our sun.
Jun 10, 2015
Glass deposits on Mars
Researchers have discovered glass deposits on the Red Planet, providing a delicate window into the possibility of past life on the Red Planet.
Using data from NASA's Mars Reconnaissance Orbiter (MRO), a team detected deposits of glass within impact craters on Mars formed in the searing heat of a violent impact.
Previous research has shown that ancient biosignatures can be preserved in impact glass.
These glass deposits are relatively common impact features on Mars and could be targets for future exploration.
Jun 09, 2015
Earth's Oldest Organisms Can Survive on Mars
According to a new study, Earth's oldest and simplest organisms called methanogens, are capable to survive on Mars.
The recent research conducted has suggested that these organisms are anaerobic, so they don't require oxygen, organic nutrients, and are non-photosynthetic, indicating that they can even exist in sub-surface environments therefore, are ideal candidates for living on Mars.