Tag: Large

  • Foxconn buys large tract of land near Bengaluru, BJP cheerful

    Foxconn buys large tract of land near Bengaluru, BJP cheerful

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    Bengaluru: Foxconn, the world’s biggest contract electronics manufacturer and assembler of iPhones, has bought a huge tract of land on the outskirts of Bengaluru.

    The key Apple supplier has stated this in its filing at London Stock Exchange. The news has come as a shot in the arm to the ruling BJP ahead of crucial Assembly elections scheduled on May 10.

    Investment by Foxconn in the state had run into controversy following the opposition parties questioning ruling BJP and calling it a publicity stunt.

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    The ruling BJP had announced the establishment of an iPhone assembling unit by Foxconn in Bengaluru. Later, the claim was disputed by the company.

    An embarrassed Chief Minister Basavaraj Bommai had released the letter of appreciation by Foxconn to defend against the attacks by the opposition.

    According to latest reports, the company made the statement in this regard at London Stock Exchange. According to the statement, the 1.2 million square metre (13 million square foot) plot has been acquired near Devanahalli located close to Bengaluru International Airport. According to sources, the land was bought for Rs 106.24 crores.

    This is seen as part of the company’s strategy to look for alternative production destinations away from China following rigid Covid rules, the sources said.

    The Karnataka State High-Level Clearance Committee (SHLCC) had approved Foxconn investment proposal in March. The company proposed to manufacture mobile devices.

    The official statement from the Large and Medium Industries Ministry said that Foxconn Hon Hai Technology India Mega Development Private Ltd (FHH) would invest Rs 8,000 crore with employment opportunities for 50,000 people.

    The delegation led by Foxconn CEO and Chairman Young Liu had visited the state and held a meeting with Bommai in Bengaluru. The appreciation letter released by CM’s office was written by Foxconn CEO to Bommai and termed their visit a great success.

    JD-S leader and former CM H.D. Kumaraswamy had asked the ruling BJP to clarify whether the announcement regarding Foxconn by the Chief Minister was a publicity stunt or if any MOU was signed.

    He had earlier maintained that the Karnataka BJP government had the policy of maximum publicity and zero result policy.

    “Chief Minister Basavaraj Bommai and two other ministers took free publicity by stating that iPhone manufacturer Foxconn company from Taiwan has come to the state for investment. They held the signed letters in their hands stating the MOU had been signed and posed before the media,” Kumaraswamy had stated.

    The Taiwanese company, on the other hand, told the media that there are no definitive agreements made to invest in Karnataka. At this, Kumaraswamy had said that if this is the case, what really happened in the presence of CM Bommai and demanded the government clarify the matter.

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    ( With inputs from www.siasat.com )

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  • Bejeweled Touch of India Bullet Journal (dot matrix, dotted large 8.5×11 diary, Jesus calling war room prayer journal for adorning princess bride, day … MV best seller bridesmaid wedding gift)

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    Publisher ‏ : ‎ Createspace Independent Publishing Platform (13 January 2018)
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  • Large presence of Chinese vessels in Indian Ocean region, India keeping close watch: Navy chief

    Large presence of Chinese vessels in Indian Ocean region, India keeping close watch: Navy chief

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    New Delhi: There is a “large presence” of Chinese vessels in the Indian Ocean Region and India keeps a “very close watch” on the developments in the region to protect and preserve its national interests in the maritime domain, Navy Chief Admiral R Hari Kumar said on Saturday.

    During an interaction at a conclave here, he also said that the Indian Navy is seized of the docking of various PLA Navy ships at ports in Pakistan, and it is “keeping a watch on it”.

    Asked about the threat aspects, the Navy chief spoke of both conventional and non-conventional threats, besides those emerging from what he described as “silent and inclusive paradigm” resulting in a “web of threats” that are emerging.

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    Meanwhile, IAF Chief Air Chief Marshal V R Chaudhari in a separate interaction themed on ‘Indian Air Force: The Future is Now’, held at The Chanakya Conclave in Delhi, said in future what needs to be worked on is that besides the land-based offensive platforms, “we will have space-based offensive systems too”.

    This will lead to “reduced response time” and “greater effect” on adversaries, so the future lies in having “space-based offensive platforms,” he said in response to a question from the audience on evolving military threats.

    The IAF chief also said that the fundamental utilisation of space for military use is in three domains, including ISR (Intelligence, Surveillance and Reconnaissance) and communication, which have seen a “quantum jump” in their capabilities in the last several years.

    After Air Chief Marshal Chaudhari’s session, the Navy chief took part in a session on ‘Indian Navy in the 21st Century: Evolving Maritime Threats’.

    The Indian Navy’s role is to protect, promote and preserve national interests in the maritime domain, wherever they are, and it assesses the threats and challenges, the Navy chief said.

    On a daily basis, it is being seen that there is a certain amount of contestation happening at sea. It is well below the threshold of conflict, but possibility of a full-fledged war cannot be ruled out, the Navy chief said.

    On a question on PLA Navy ships docking at ports in Pakistan, he said, these ships are docking at ports in various countries, and not just in Pakistan.

    As far as their visit to ports in Pakistan are concerned, “we are seized of it, and keep a watch on it”, he said.

    Admiral Kumar said the Pakistan Navy is modernising itself at a “good pace” and seeks to become a 50-platform force in 10-15 years, and they are adding new corvettes and frigates to their fleet.

    As far as China is concerned, in the last 10 years, a large number of ships and submarines have been commissioned by it, the third aircraft carrier is under construction, and much larger destroyers they are working on, he said, adding, “we feel this will plateau at some time”.

    “We are keeping a very close watch in the Indian Ocean Region… and effort is to know whose presence is there and what are they up to, and monitoring it 24×7, and we deploy aircraft, UAVs, ships, submarines, etc.,” the Navy chief said.

    “There is a large presence of Chinese vessels. At any point of time, there are 3-6 Chinese warships in the India Ocean Region,” he said, adding some are close to the Gulf of Oman, and some in the eastern part of the IOR, among other places.

    Chinese research vessels are ever present, numbering from 2-4 and Chinese fishing vessels as well. So, there is a large presence of Chinese vessels in the Indian Ocean Region, and India Navy keeps track of it, the Navy chief said.

    “So, we refine our plans, actions that are required to be taken, and this also feeds into our capability development,” the Navy chief said.

    Later, in response to a query from audience on Chinese research vessels, Admiral Kumar said, these vessels have the ability to track and collect electronic signals.

    When they operate, close to “our areas of national interest”, the Indian Navy keeps an eye, and it has its ships which “monitor them very, very closely”.

    On a question on whether modernisation and capability development has any link with threat assessment, he said, modernisation is part of the process and not threat-driven.

    And, a Navy has to be a “well-balanced force”, so, it’s not about nuclear submarine vis-a-vis aircraft carrier, as each of the two bring their own capabilities and they are “not either/or”, Admiral Kumar said.

    On Atmanirbhar Bharat, he reiterated that the Indian Navy has “committed to the national leadership that we (Navy) will be fully Atmanirbhar by 2047”.

    He added that as Indian economy is poised to grow in coming years, the volume of trade will multiply along with it, and hence the importance of role of Indian Navy will also grow.

    He explained that there are three components to a naval asset — float, move and fight.

    In float component, about 95 per cent self-reliance has been achieved, while in move components which includes system propellers etc., it is about 65 per cent. And, in fight component, the figure is about 55 per cent, the Navy chief said.

    Among other challenges, Admiral Kumar, also spoke of the region being prone to natural disasters, as also “non-combatant evacuations” which have been happening rather frequently.

    Admiral Kumar underlined the challenge of cyber threat as well and “weaponisaion of cognitive domain” through largely use of social media.

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    ( With inputs from www.siasat.com )

  • Telangana: Sapling plantation to be taken up on large scale

    Telangana: Sapling plantation to be taken up on large scale

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    Hyderabad: Telangana chief secretary Santhi Kumari on Tuesday said that saplings should be planted on a large scale in all vacant areas under the irrigation department according to the instructions from chief minister K Chandrashekar Rao. 

    She reviewed the preparations and arrangements for Haritaharam at BRBK Bhavan. “During the upcoming Harithaharam, activities should be designed to increase the greenery in the lands belonging to irrigation department,” said the chief secretary.

    CS Shanti Kumari asked the irrigation, panchayat raj and forest department officials to create Sampada Vanaalu (wealth forests) to provide clean oxygen, and take up plantation of fruits bearing trees to enhance the greenery. 

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    “Special teams will be formed district wise with field level officials of the three departments for site inspection, identification of tree species with local adaptations and pre-planning for their protection measures after planting,” she added.

    She said that along with identifying the empty places near the irrigation projects along the canals, protective measures should be taken up for avenue plantation.

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    #Telangana #Sapling #plantation #large #scale

    ( With inputs from www.siasat.com )

  • Sweltering summer heat splits large rock in AP village

    Sweltering summer heat splits large rock in AP village

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    Gonegandla: Sweltering summer heat split open a large rock located at an elevation amidst houses in Gonegandla village of Kurnool district.

    Kurnool district Collector Srijana Gummalla said the incident occurred on Tuesday in Adoni sub-division, leading to the evacuation of 150 families from the rock’s vicinity to avert any untoward incident.

    “There is a crack in the rock but the crack is not expanding thankfully from Tuesday. There was that fear of it disintegrating and going down We have deployed the state disaster response force (SDRF) teams at the site,” said Gummalla.

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    She said the district administration has also roped in the nearby cement companies and renewable energy company Greenko to help reinforce and stabilize the broken rock.

    For the safety of the evacuees, Gummalla said they have been accommodated in a nearby school for now as the fragments of the rock may crash into their houses if the situation aggravates.

    The school is located against the slope behind the rock’s location.
    Considering that no quarrying occurred at the site of the incident, the collector observed that the scorching summer heat could be the reason for the split, even as no other suspicious activity was found to have occurred at the rock site.

    However, a Met official said that Kurnool district did not record abnormally high temperatures on Tuesday while the Andhra Pradesh State Disaster Management Authority (APSDMA) recorded Gonegandla’s maximum temperature as 38.2 degrees Celsius on the same day.

    Meanwhile, the sub-collector, tehsildhar and police teams are monitoring the situation in the village.

    For Wednesday, the disaster management authority forecast severe heat wave in the four mandalams of Kunavaram (46 C, Alluri Sitarama Raju district), Golugonda (42.6 C, Anakapalli), Nathavaram (42 C, Anakapalli) and Kotananduru (41 C, Kakinada).
    Likewise, heat wave in 126 more mandalams across the state, all of them estimated to log temperatures over 40 C.

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    ( With inputs from www.siasat.com )

  • Large deposits of 15 rare earth elements found in Andhra Pradesh

    Large deposits of 15 rare earth elements found in Andhra Pradesh

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    Anantapur: Hyderabad-based National Geophysical Research Institute has found large deposits of 15 rare earth elements (REE) in Andhra Pradesh’s Anantapur district.

    REE of the lanthanide series are critical components in many electronic devices like cellphones, televisions, computers, and automobiles used daily and in various industrial applications.

    NGRI scientists were conducting a survey for non-traditional rocks like syenites when they made the significant discovery of the minerals in the lanthanide series. The elements identified included allanite, ceriate, thorite, columbite, tantalite, apatite, zircon, monazite, pyrochlore euxenite and fluorite.

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    NGRI scientist PV Sunder Raju said, “Zircon of varying shapes was observed in Reddypalle and Peddavadaguru villages.”

    “The monazite grains showed high-order multiple colours with radial cracks within grains, suggestive of the presence of radioactive elements, he added.

    Raju said that more feasibility studies will be conducted by deep drilling to learn more about these REEs.

    “These elements are also used in clean energy, aerospace, defence and in manufacturing permanent magnets — a key component of modern electronics — wind turbines, jet aircraft and several other products. REEs are widely used in high technology because of their luminescent and catalytic properties. The assessment of REEs with implications for metallogeny is now under way at alkaline syenite complexes in AP, NGRI scientists said, as reported by the Times of India article.

    Lithium falls in the critical resource category, which was not earlier available in India and we were dependent for its 100 per cent import.

    Earlier in February, the Union Government said that 5.9 million tonnes of lithium reserves have been found for the first time in the country in Jammu and Kashmir.

    Lithium is a non-ferrous metal and is one of the key components in EV batteries.

    Union minister Nitin Gadkari recently said if India can use the recently discovered reserve of lithium in Jammu and Kashmir, it can become the world’s number-one automobile manufacturer in the electric vehicle segment.

    Lithium is a light metal. Its density is lower than that of water, so it can actually float. It was not formed naturally on earth but is a cosmic metal.

    It points out that some scientists believe that when high-energy cosmic rays slam into heavier elements like carbon and oxygen in interstellar space, breaking them up into lighter atoms, lithium could have been created. In 2020, astronomers discovered that a certain type of red giant stars also become lithium factories at the end of their lives, based on a survey of hundreds of thousands of stars.

    Lithium is a highly reactive metal which means that it can hold a lot of energy.

    As per reports, using lead-acid technology, it takes 6 kg to store the same amount of energy that a 1 kg lithium-ion battery can handle.

    Also, lithium can hold its charge for longer. A Lithium-ion battery loses only 5 per cent charge per month compared with 20 per cent loss in a Nickel Metal Hydride (NiMh) battery. And Lithium can withstand thousands of recharge cycles.

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    ( With inputs from www.siasat.com )

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  • Crisis sparks new battle between small and large banks

    Crisis sparks new battle between small and large banks

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    ICBA is gearing up to make the case that the smallest, “community” banks shouldn’t have to pay for the rescue of bank depositors and that the largest lenders deserve stricter oversight from regulators. The group entered the fray early Monday with this message to reporters covering the crisis: “Silicon Valley Bank and the Nation’s Largest Banks Are Not Community Banks.”

    “There’s a great deal of anger” among small banks, said Cam Fine, ICBA’s former leader. “They do feel like they’re being lumped in with a bunch of high-flying, high-risk takers.”

    The conflict — which is starting to look like a similar small bank vs. big bank lobbying fight in the wake of the 2008 crisis — underscores what’s at stake for players across the industry as Washington revamps fundamental banking policy and looks for accountability.

    “From a lobbying policy disagreement point of view, it’s 2008 all over again,” Fine said.

    ICBA President and CEO Rebeca Romero Rainey said in an interview that community banks shouldn’t have to pay any special assessments “to cover the sins of the largest and riskiest institutions.” It’s a live issue now that the government has promised to backstop all deposits at two failed lenders, with individual banks potentially on the hook for fees to cover the cost of replenishing the deposit insurance fund.

    Looking ahead, Romero Rainey said Congress and the regulators need to consider strengthening rules for the largest banks.

    Everyone is still assessing the situation, but bank capital regulations are part of the discussion, she said. Bank capital rules set standards for funding that lenders must maintain to absorb losses during economic downturns and spare taxpayers from having to bail them out.

    “As we saw the systemic impact that failure would have, we have to learn from that and avoid it in the future,” Romero Rainey said.

    It’s a message that’s already starting to annoy bigger players in the industry.

    “When you see deposits flooding out of small banks to large ones, it gets really tough to claim that large banks need more capital or liquidity,” said one large bank representative, granted anonymity to respond candidly. “But salmon swim upstream, so perhaps the ICBA thinks it can too.”

    Fine said the “salmon” comparison, which first appeared in a POLITICO newsletter Tuesday morning, was an “unprofessional insult to a class of banks that make up 98 percent of all insured banks.”

    Small bank representatives “are ripped about that quote, and they’re ready to go both to the regulatory agencies and to Capitol Hill and make their case that they’re anything but salmon swimming upstream,” he said.

    Underscoring the dispute are real-world competitive tensions between small and large banks as depositors rethink where they park cash. A Bloomberg headline Tuesday read: “Too-Big-to-Fail Lenders Rake In Deposits After Three Banks Fail.” The biggest of the big banks — known in regulatory parlance as global systemically important financial institutions — also want to put some distance between themselves and regional banks like SVB and Signature.

    Financial Services Forum spokesperson Barbara Hagenbaugh said the U.S. “broadly benefits from a strong and resilient system of banks of all sizes to meet the many and diverse needs of our economy.” The group represents eight of the largest U.S. banks.

    “As we saw during the pandemic and we are seeing now, the eight Forum members are strong and diversified, acting as a source of support for the economy,” she said.

    Romero Rainey said part of her challenge is ensuring “differentiation” as larger banks use the uncertainty to win over customers from smaller lenders.

    “I hate to see folks taking advantage of this situation to portray a different scenario or a lack of strength,” Romero Rainey said.

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    ( With inputs from : www.politico.com )