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- 1 Tesla’s entry to India
- 2 India-Japan MoU to enhance cooperation in ICT
- 3 Radio Frequency Spectrum
- 4 Trains connectivity to Statue of Unity
- 5 Open Skies Treaty
- 6 Ustad Ghulam Mustafa Khan
- 7 Powerful earthquake in Indonesia’s Sulawesi
- 8 Flint Water Crisis
- 9 Indian Army personnel seem to be under severe stress
- 10 SEBI eases norms for follow-on public offers
Tesla’s entry to India
Elon Musk has confirmed Tesla Inc.’s plans to enter India, days after the electric car maker set up a local subsidiary and R&D unit in Bengaluru.
Tesla has registered its 100 per cent subsidiary, as – Tesla India Motors and Energy Pvt Ltd, according to disclosures with the Ministry of Corporate Affairs. It is a private unlisted company with an authorised capital of Rs 15,00,000 and a paid-up capital of Rs 1,00,000, according to the MCA filings.
India-Japan MoU to enhance cooperation in ICT
India and Japan signed a memorandum of understanding (MoU) to enhance cooperation in the field of Information and Communications Technology (ICT), including 5G standardisation.
The Department of Telecom and Japan’s Ministry of Communications will enhance mutual cooperation in the field of 5G technologies, telecom security, submarine optical fiber cable system to islands of India, spectrum management, smart cities, high altitude platform for broadband in unconnected areas, disaster management and public safety etc.
Radio Frequency Spectrum
The Department of Telecommunications (DoT) has sought inputs from telcos and other industry experts on the sale and use of radio frequency spectrum over the next 10 years, including the 5G bands.
5G or fifth generation is the latest upgrade in the long-term evolution (LTE) mobile broadband networks. 5G mainly works in 3 bands, namely low, mid and high frequency spectrum — all of which have their own uses as well as limitations. While the low band spectrum has shown great promise in terms of coverage and speed of internet and data exchange, the maximum speed is limited to 100 Mbps (Megabits per second). The mid-band spectrum, on the other hand, offers higher speeds compared to the low band, but has limitations in terms of coverage area and penetration of signals.
Trains connectivity to Statue of Unity
Prime Minister Narendra Modi flagged off eight trains connecting different parts of the country to Kevadiya through video conferencing. The Vistadome coach is a state-of-the-art coach made by Indian Railways, designed to provide passengers with travel comfort as well as an enhanced viewing experience of their surroundings.
The Vistadome coach in the Janshatabdi Express has been manufactured at the Integral Coach Factory in Chennai, Tamil Nadu. It is for the first time that the Vistadome coach has been made on the Linke Hofmann Busch (LHB) platform, made for passenger coaches for trains in India.
Open Skies Treaty
Russia was pulling out of the Open Skies treaty, saying that the pact, which allows unarmed surveillance flights over member countries, had been seriously compromised by the withdrawal of the United States.
First proposed in 1955 by former US President Dwight Eisenhower as a means to deescalate tensions during the Cold War, the landmark treaty was eventually signed in 1992 between NATO members and former Warsaw Pact countries following the demise of the Soviet Union. It went into effect in 2002 and had 35 signatories, including key players US and Russia, along with one non-ratifying member (Kyrgyzstan).
Ustad Ghulam Mustafa Khan
Legendary Indian classical musician and Padma Vibhushan awardee Ustad Ghulam Mustafa Khan died at the age of 89. Ustad Ghulam Mustafa Khan (1931 – 2021) was an Indian classical musician in the Hindustani classical music tradition, belonging to the Rampur-Sahaswan Gharana.
He was awarded the Padma Shri in 1991, followed by Padma Bhushan in 2006 and Padma Vibhushan in 2018. In 2003 he was awarded the Sangeet Natak Akademi Award.
Powerful earthquake in Indonesia’s Sulawesi
At least 42 people have died with hundreds more injured after a 6.2-magnitude earthquake hit Indonesia’s Sulawesi island. Sulawesi is an island in Indonesia.
It is situated east of Borneo, west of the Maluku Islands, and south of Mindanao and the Sulu Archipelago. The Strait of Makassar runs along the western side of the island and separates the island from Borneo. Within Indonesia, it is smaller than Sumatra and larger than Java Island. Indonesia sits on the Pacific “Ring of Fire” where tectonic plates collide, and the country has a history of devastating earthquakes and tsunamis.
Flint Water Crisis
Nine former officials who served the state of Michigan in the US, including the state’s former governor Rick Snyder, were charged in connection with a criminal investigation into the Flint water crisis. The Flint water crisis is an ongoing public health crisis that began in 2014 when the City of Flint in Michigan changed its water supply from Lake Huron to the Flint river.
This switch caused the water distribution pipes to corrode, as a result of which lead and other contaminants were leached into the municipal drinking water. This led to an outbreak of Legionnaires’ disease, a serious type of pneumonia caused by the Legionella bacteria and other health complications in thousands of its residents.
Indian Army personnel seem to be under severe stress
More than half of Indian Army personnel seem to be under severe stress, according to the findings of a study by United Service Institution of India (USI), a Service think tank. The research was undertaken during 2019-20 by Col. AK Mor, Senior Research Fellow at the USI.
The Army has been losing more personnel every year due to suicides, fratricides and untoward incidents than in response to any enemy or terrorist activities. There has been a significant increase in stress levels amongst Indian Army personnel during approximately last two decades due to operational and non-operational stressors.
SEBI eases norms for follow-on public offers
SEBI relaxed the framework for follow-on public offers (FPOs), a move that will help promoters of companies to raise funds more easily through this route. The applicability of minimum promoters’ contribution norm and the subsequent lock-in requirements for the issuers making the FPO have been done away with by the regulator, as per a notification.
Earlier, promoters were mandated to contribute 20% towards a FPO. Besides, in case of any issue of capital to the public, the minimum promoters’ contribution was required to be locked-in for three years.