MECHANICAL
Sebi notifies institutional mechanism for brokers to prevent mkt abuse
Brokers must biannually report suspicious activities to stock exchanges. Sebi's amended PFUTP rules, effective from June 27, aim to prevent manipulative trade practices.
Which is world's oldest computer, dating back to second century BC? What were its functions and how was it found? Details here
Researchers have claimed that the Antikythera mechanism, the world's oldest computer, was designed to analyze gravitational waves or ripples in spacetime caused by major celestial events such as two black holes merging.
India executes first Rs 1 crore pulses export to Myanmar under Rupee-Kyat trade settlement mechanism
The first transaction of over Rs 1 crore pulses export from India to Myanmar under the Rupee-Kyat trade settlement mechanism was successfully completed. The transaction aims to boost bilateral trade and promote the use of local currencies. The Central Bank of Myanmar released guidelines for payment procedures and the Indian mission organising awareness events to encourage businesses to benefit from the mechanism.
WestJet Airlines strike to continue until deal reached with mechanics, union says
Bret Oestreich, president of the Aircraft Mechanics Fraternal Association, said the two sides will reconvene with a mediator on Sunday. The union represents around 680 workers at WestJet, including aircraft maintenance engineers, who went on strike Friday after 97% of its members rejected a pay deal reached in May. "All we want to do is to go back to the table," said Oestreich. "The strike will be in effect until we get an agreement."
Canadian airline WestJet cancels at least 150 flights following a surprise strike by mechanics union
The strike came after the federal government issued a ministerial order for binding arbitration on Thursday. That followed two weeks of turbulent discussions with the union on a new deal. On Thursday, WestJet said the union "confirmed they will abide by the direction. Given this, a strike or lockout will not occur, and the airline will no longer proceed in cancelling flights".
Trai inputs sought on rolling out authorisation mechanism
"Trai met the telecom operators and internet service providers today (Thursday) to seek their inputs on the authorisation structure. The players can provide their comments by early next week, following which Trai will issue a consultation paper," an official told ET on condition of anonymity. The Telecommunications Act, which came into force on June 26, calls for a simple regulatory framework by abolishing the license regime and replacing it with an authorisation mechanism.
Stop Nafed's onion procurement till irregularities are investigated, demand farmers
Onion growers are demanding the suspension of Nafed's onion procurement operations due to reported irregularities found by a Nafed team during surprise visits to procurement centers. This demand could hinder the government's goal of creating a strategic onion buffer. The central government aims to procure 5 lakh tonnes of onions for the Price Stabilisation Fund but faces challenges as market prices are higher than the government's offer prices. Allegations of irregularities include buying onions from traders instead of farmers and presenting them as purchases made for Nafed.
Child labour: States, UTs told to prevent violation of law
The Ministry of Labour and Employment issued an advisory to strengthen enforcement mechanisms to prevent violations of The Child and Adolescent Labour (Prohibition & Regulation) Act, 1986, following the discovery of over 50 children under 14 working at Som Distilleries and Breweries in Bhopal.
Flying windows, fatal turbulence: Is flying in planes safe right now? Here is how to understand disruptions
Air travel disruptions, from minor mechanical issues to severe incidents, often cause anxiety but are rarely dangerous. Aviation experts stress that these problems are usually manageable due to rigorous safety protocols and backup systems, ensuring that flying remains one of the safest modes of transportation despite occasional alarming events.
India-US advance talks on joint production of Stryker armoured combat vehicles
India and the US are in advanced negotiations to co-produce the latest generation of Stryker armoured infantry combat vehicles (ICVs). This three-phase project includes initial purchases, joint production in India, and co-development of future versions, supporting India's "Atmanirbhar Bharat" mission. Customization for Indian terrain, high-altitude areas, and significant technology transfer are key aspects. This collaboration, promoted by the US as part of their strategic defence partnership, aims to modernize India's mechanized infantry, replacing over 2,000 outdated BMP-II vehicles. The Stryker offers advanced capabilities, enhancing India's defence industry and military readiness.
Assam government to establish Directorate of Prosecution to expedite legal processes
Assam government inaugurated new judicial court building in Sivasagar district. Chief Minister emphasized the need for robust justice delivery system. He also visited Lachit Maidam in Jorhat district for development project phase 2.
Trai mulls charges for existing, newly allocated numbering resources to ensure efficient use
Telecom regulator Trai is seeking stakeholders' views on the introduction of charges for existing and newly allocated numbering resources to ensure their judicious and efficient use. Trai's recent consultation paper, 'Revision of National Numbering Plan,' emphasizes the value of numbering resources and the need for their efficient utilization by telecom service providers.
Parliament complex renovation & paperless MP registration progressing
Preparations for the 18th Lok Sabha include landscaping the Parliament complex and implementing a paperless registration system for newly elected MPs. The Central Vista project is renovating the entire parliament building to create a more interconnected complex, overseen by the CPWD. Newly elected MPs will register at the Parliament House Annexe, with arrangements for transit accommodation at Western Court and state Bhavans. Residences for MPs will be allocated using an automated mechanism.
2 Japanese F-35 fighter jets make emergency landings after 1 has a mechanical problem
Two Japanese F-35A stealth fighter jets made emergency landings at Aomori Airport in northern Japan after one developed a mechanical issue during a training flight from Misawa Air Base. Both jets landed safely with no injuries or damage reported. The airport runway was briefly closed for 20 minutes but operations soon resumed. This incident follows other recent training mishaps, including an April crash involving two SH-60K Seahawk helicopters and a May emergency landing of a C-2 transport aircraft due to a cockpit window malfunction.
Government slashes domestic natural gas prices amid major pricing overhaul
The Ministry of Oil lowered domestic natural gas price to USD 8.44 per mmBtu for June 2024, following a new pricing mechanism. This adjustment aims to stabilize the market and meet energy targets, benefiting consumers and producers alike.
Combined passing out parade of Agniveervayu trainees held at Tambaram IAF
1,983 trainees, including 234 women, passed out from MTI and WTI after 22 weeks of military training at Air Force Station, Tambaram.
Gas needs a new pricing meter
What could future policy look like? Pricing policy needs to be simplified and streamlined with global norms. Ensuring linkage to rolling averages of global benchmarks like Brent or other global benchmarks, along the C Rangarajan committee recommendations, would sustain the balance between consumers and producers. This should be implemented alongside more uniform gas pricing. One price could be benchmarked for LNG imports, another for domestically produced gas from regular fields, and one higher price for more difficult fields like ultra-deep and high-temperature high-pressure fields.
New RuPay payment mechanism using NFC: Know who will benefit from it and who may not need it
NFC sticker powered by RuPay: A silicon sticker powered by RuPay using near field communication (NFC) technology is set to be launched. This sticker can be fixed on any solid surface and requires no internet or power and is also waterproof. You can use this NFC sticker for payments at any NCMC enabled terminals in Assam ASTC, Delhi metro, Mumbai BEST, etc.
Govt seeks updates from hardware PLI beneficiaries
The Indian government is monitoring imports of laptops, tablets, and servers, focusing on 27 companies under the Production linked incentive (PLI) scheme 2.0 for IT hardware. The government is preparing to replace the current import management system with an import authorisation mechanism to make the country a global manufacturing hub. PLI-approved companies are required to submit monthly updates on their local manufacturing plans, such as the establishment of assembly lines, investments, and jobs.
Load More
