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Govt plans over $12 billion in power plant, EV incentives to cut pollution

Indian News       Feb 15, 2019

  New Delhi: India has proposed incentives worth Rs88,500 crore ($12.4 billion) to help power plants install equipment to curb emissions, and also to develop infrastructure for electric vehicles, a government statement said on Friday.   Of the  Rs 88500 crore, Rs 83500 crore would be used...

California considers insurance to help with wildfire costs

International News       Feb 15, 2019

   SACRAMENTO: California should get insurance to help cover taxpayers' costs in bad wildfire seasons, a solution that could help stem losses as climate change contributes to more destructive blazes, two state officials said Thursday.   The most populous state should follow the lead of Oregon, the...

Shortage of skilled IT workforce looms over India: Nasscom

Indian News       Feb 15, 2019

  Bengaluru: As the demand for disruptive technologies like Artificial Intelligence (AI) and Data Analytics grows, shortage of a skilled IT workforce to run them is posing a challenge to the stake-holders, Nasscom, the industry's apex body, has said.  "There is an urgent need to re-skill...

AI to tackle UK insurance fraud and assess flood damage

International News       Feb 15, 2019

  London: A project to develop breakthrough artificial intelligence(AI) technology for the anti-fraud sector, is one of a number of new projects, set to receive funding,that would enable the UK accountancy, insurance and legal services industries to transform how they operate.   The artificial intelligence software, being...

Ex Coca-Cola engineer stole secrets worth $120 million for Chinese firm: US

International News       Feb 15, 2019

  Wasington: A former senior engineer at Coca-Cola was indicted Thursday in Tennessee for stealing trade secrets worth an estimated $120 million to give to a Chinese company, the Justice Department announced.   US national You Xiaorong allegedly stole technology for valuable BPA-free packaging jointly owned by...

Arun Jaitley resumes charge of FinMin today

Indian News       Feb 15, 2019

New Delhi: Union minister Arun Jaitley, who returned from the US last week after undergoing medical treatment, has resumed charge of the Finance Minister on Friday, official sources said.   President Ram Nath Kovind, as advised by Prime Minister Narendra Modi, has directed that the Finance...

Citi India CEO lost RBI confidence

Indian News       Feb 15, 2019

  Mumbai: Citigroup, the biggest foreign bank in India by assets, has joined a growing list of lenders that have seen their local leadership roiled by the Reserve Bank of India (RBI).   The RBI around the end of last year informed Citigroup that it wouldn't approve...

RBI think tank wants independent body to verify official economic data

Indian News       Feb 14, 2019

An Indian think tank founded by the central bank wants the government to form an independent body to vet official data after questions were raised about the credibility of the nation’s statistics.   Some of the assumptions for economic growth and deficits made in the interim...

Self-driving cars ‘learn’ to predict pedestrian movement

Facts       Feb 14, 2019

  Scientists are using humans’ gait, body symmetry and foot placement to teach self-driving cars to recognise and predict pedestrian movements with greater precision than current technologies.   Data collected by vehicles through cameras, LiDAR and global positioning system (GPS) allowed the researchers at the University of...

Airbus to scrap production of A380 superjumbo

International News       Feb 14, 2019

  TOULOUSE, France:  Europe’s Airbus announced plans to scrap production of the A380 superjumbo on Thursday, abandoning its dream of dominating the skies with a cruiseliner for the 21st century after years of lacklustre sales.   The world’s largest airliner, with two decks of spacious cabins and...

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