SAMAN MATHEW

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Jul 132018
Hima Das has written her name in golden letters by winning a gold medal at IAAF World Under 20 Athletics Championships, eventually, the first Indian to lift a gold medal, a proud Indian of pride In
A person on the wheel tends to lose his alertness after 15 minutes on the wheel, study says. The reason for it is none other than the driver's seat, where vibrations of the car on the run makes the person behind the wheel slowly and steadily feel sleepy, there by losing his attention, further adds the studies. It is found that mild vibrations made by the car seat while driving shall make the person sleepy,there by risking the car and the passengers to an accident,could be fatal.
The Kerala police has come up with a plan to offer 24 hours surveillance for business establishments,homes and ATMs,under the jurisdiction from central facility in the capital.State Police Chief Loknath Behera said that this scheme consists of remotely linking surveillance cameras,intrusion detection systems,movement sensors and fire alarms, which be installed across the state.The devices will be linked to Central Intrusion Monitoring system(CIMS) at the State Police Headquarters, here in the capital. Keltron,India’s largest electronics corporation,will implement this project.
Jio fiber to Jio Giga Fiber shall change the Indian mobile telephone spectrum to a new platform to reach every home with ultra high definition entertainment on television,video conferencing,voice-activated virtual assistants who would obey every command of yours,digital shopping,etc. Added highlight would be “smart home solutions” where it can control devices like home appliances,security cameras,switches of lights in the home and others.
The Kayaking community from all around the world is gearing up for the first edition of Malabar World Kayak Championship, which is to be held in Thusharagiri, Kozhikode. The event will be organized by the Tourism Department from July 18 to 22,2018
The country’s largest private sector lender, ICICI bank is aiming to lend Rs 2 lakh crores as home loans portfolio by the end of the financial year 2020. Currently, the bank’s home loan portfolio is worth Rs 1.5 lakh crore. Anup Bagchi,executive director, said “We have crossed the milestone of disbursing over Rs 1.5 trillion of mortgage loans, in a profitable manner with the lowest delinquency in the industry”He also said that the bank is expanding in tier 2/3 cities as well as micro markets so that major cities can grow its home loan portfolio.
The Union Cabinet allowed Higher Education Funding Agency (HEFA) to muster about Rs 1 lakh crore for funding higher educational institutions to improve the research and infrastructure by 2022.THe funding also includes government run schools like Kendriya Vidyalayas and Jawahar Navodaya Vidyalayas.
Nishagandhi is organizing the first edition of monsoon music festival at the Nishagandhi auditorium at  Thiruvananthapuram on July 15. The fest features Carnatic, ghazal, and traditional music, giving a culture rich musical feast to all the music lovers. The festival will be inaugurated on 15th at 6.15 p.m by Governor P.Sathasivam, Tourism Minister Kadakampally Surendran will be present on the occasion. The young trio performers ’Super Kids’ will entertain the audience during the opening the ceremony. The fest will be held  for five days, from July 15 to July 19, 2018
Airconditioned low-floor "Fly bus" by KSRTC will ply from airports, Thiruvananthapuram, Nedumbassery near Angamaly and Karipur in Mallapuram districts. This is to provide air passengers connectivity from various important places to the airports at a cheaper, yet comfortable journey in an airconditioned bus. There are occasions where airport passengers were fleeced by the taxis/autos, especially during night times, at times leading to arguments to abuses forced the government to find a solution to the increasing number of air passengers.
Oil and Natural Gas Corporation Limited is going to increase the oil production by 17% and gas output by 24% from 2019 as it starts to commercially produce petroleum from deepwater block in the Krishna Godavari(KG) Basin. Sashi Shankar, ONGC chairman said”We have seen around 7% growth in gas production in 2017-18 over the previous year.We will increase oil production by 17% and gas production by 24% from 2019 onward, in a phased manner.”This development happened when oil production hit a 7 year low while gas production increased after 6 years.
The Securities Appellate Tribunal(SAT) has asked The Securities and Exchange Board of India(SEBI) to review the regulations for underwriting of a public issue.This model agreement was framed in 1993 and has in operation since then. In underwriting,the merchant banker gives an undertaking when an initial public offer(IPO) remains undersubscribed and the banker can subscribe to unsold shares.The underwriting clause which is mandatory in all SME IPOs, ensures the issue will not fall down because of the low demand from the investors.

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SAMAN MATHEW