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TRANSCRIPT
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S.NO
CONTENT
PAGE NUMBER
1
SMART ROBORT
4
2
TRUMP CONSIDERING TSA BUDGET CUTS
5
3
INDIA’S STRONG GDP DATA LEAVES ECONOMISTS
SCRATCHING THEIR HEADS
7
4
PHILIPPINES PRESIDENT THREATENS TO THROW
OFFICIALS FROM HELICOPTER
8
5
SOLID-LIQUID SEPARATION
9
6
AUTOMAKERS’ DECEMBER DEALS PUSH 2016 TO
A RECORD SEVENTH GAIN
10
7
DOLLAR EXTENDS GAIN,EURO CLIMBS BEFORE
ECB MEET:MARKET WRAP
12
8
MEDICAL ELECTRANICS
13
9
INDIAN’S CRUDE OIL REFINERY OUTPUT RISES
5.3%
19
10
DIRECT TAX COLLECTIONS IN MUBAI,DELHI IN
SINGLE DIGIT
20
11
GENERAL KNOWLEDGE QUESTIONS
21
12
STUDENT CRETIVITY
22
3
Editorial board Editor’s Email ID
Dr M.Selvam [email protected]
S. Devi priya [email protected]
M.Sindhuja [email protected]
T.Dhana balan [email protected]
S.Arun kumar [email protected]
S.Abirami [email protected]
A.Nashiha niloffer [email protected]
J.Danial francis [email protected]
k.mathan kumar [email protected]
4
SMART ROBOTS
WASHINGTON:
Scientists have developed an algorithm that
enables robots to ask intelligent questions
when they are confused to help them get
better at fetching objects - an important task
for future robot assistants. The algorithm
developed by researchers at Brown
University in the US enables a robot to
quantify ho
w certain it is aboutwhat a user wants.When
its certainty is high, the robot will simply
hand over the object as requested.When it is
not so certain, the robot makes its best guess
about what the person wants, then asks for
confirmation by hovering its gripper over
the object and asking, "this one?"
"Fetching objects is an important task that
we want collaborative robots to be able to
do," said professor Stefanie Tellex from
Brown University.
"But it is easy for the robot to make errors,
either by misunderstanding what we want,
or by being in situations where commands
are ambiguous. So what we wanted to do
here was come up with a way for the robot
to ask a question when it is not sure," Tellex
said.For example, say a user asks for a
wrench and there are two wrenches on a
table. If the user tells the robot that its first
guess was wrong, the algorithm deduces that
the other wrench must be the one that the
user wants.
It will then hand that one over without
asking another question. Those kinds of
inferences, known as implicatures, make the
algorithm more efficient.
"When the robot is certain, we do not want it
to ask a question because it just takes up
time," said Eric Rosen, an undergraduate
working in Tellex's lab.
"But when it is ambiguous, we want it to ask
questions because mistakes can be more
costly in terms of time," said Rosen.5
One of the important features of the system
is that the robot does not ask questions with
every interaction, it asks
intelligently,researchers said.
-Devipriya.s MBA International Business
5
TRUMP CONSIDERING TSA BUDGET CUTS, HIGHER FEES ON
AIRLINE PASSENGER TO HELP PAY FOR BORDER WALL
As the Trump Administration prepares its
first federal budget, the White House
reportedly is considering cuts to the
Transportation Security Administration to
help pay for the construction of the border
wall with Mexico—and making airline
passengers pay higher "security fees" to
make up part of the difference.
Citing preliminary budget
documents, Politico reports that the White
House is considering budget cuts for TSA,
the Federal Emergency Management
Agency, and the Coast Guard as part of an
effort to reshuffle the federal budget to pay
for the wall. The TSA would face a $500
million budget reduction, Politico says,
while FEMA
would get a $375 million cut, and the Coast
Guard's budget would be cut by $1.3
billion.During the campaign, Trump
promised to make Mexico pay for the
construction of the border wall, but it's never
been clear how he intends to make that
happen. During his address to Congress last
week, Trump didn't say anything about how
to pay for the wall, but promised that it "will
be started ahead of schedule and, when
finished, it will be a very effective weapon
against drugs and crime."
Trump promised to make Mexico pay
for the construction
will be a very effective weapon against
drugs and crime."In reality, the wall would
be a costly and mostly useless project. On
net, it's certainly not worth spending $6
billion on Trump's vanity project just to get
6
a $500 million cut in the TSA, but that
doesn't mean those cuts aren't justified on
their own.
For example, the TSA's budget cuts would
include a $65 million reduction for the
agency's totally uA November 2012 audit by
the Government Accountability Office
found that, after 10 years of running its
behavior detection program, the TSA could
not demonstrate its effectiveness. The TSA
even admitted that it did not have any way
to measure whether the program worked,
aside from counting "referrals to local law
enforcement" (which turned out to be a list
of people arrested for everything from
unruly behavior to public drunkenness, the
GOA found, but not a single instance of a
legitimate national security threat).
"Until TSA can provide scientifically
validated evidence demonstrating that
behavioral indicators can be used to identify
passengers who may pose a threat to
aviation, the agency risks funding activities
that have not been determined to be
effective," the GAO concluded, using
auditor-speak for "this program should be
defunded."
Undeterred by the audit, the TSA is still
using behavior detection officers (at an
annual cost of around $200 million) and
has expanded their use at some airports,
seemingly in an attempt to prove their
usefulness. Guidelines for the
program, published in 2015 by The
Intercept, show that the TSA's crack team of
behavior-monitoring agents are told to
identify potential threats (like Reason's Ron
Bailey) who yawn too much, blink too little,
breathe quickly, make eye contact with
security personnel, or don't make eye
contact with security personnel. Truly
stunning that they haven't busted any
terrorists with this pseudo-science, isn't it?
But wait, there's more bad news: Trump's
preliminary budget calls for airline
passengers to pay more to make up for a
portion of the proposed TSA budget
cuts. According to the Associated Press, the
White House is considering a $1 increase to
the "security fee" tacked onto all airline
tickets.
seless behavioral detection officers. More
than $3.6 billion in security fees were
collected last year, but since 2013 about
one-third of the revenue has been directed to
non-security spending.
7
India's strong GDP data leaves economists scratching their heads
"I am totally surprised and stunned to see
the number."
VINDICATION
Modi had received flak for his shock
monetary therapy from political opponents
as well as prominent economists such as
Amartya Sen and Paul Krugman. The move
sucked 86 per cent of the currency out of
circulation virtually overnight and left many
companies, farmers and households in
misery.
Anecdotal evidence suggested massive job
losses following the cash crunch in India's
vastinformal sector, which not only supports
the formal sector but also employs
nine out of 10 workers.
The government as well as the Reserve
Bank of India (RBI), however, all
maintained the pain would be short-lived
and predicted a sharp economic rebound.
The latest GDP data vindicated their
assessment.
"The numbers completely negate the kind
of negative projections and speculations
which were made about the impact of
demonetisation," Economic Affairs
Secretary Shaktikanta Das told reporters
after the data release.
The strong performance in the Oct-Dec
period allowed the federal statistics office to
retain its growth forecast for the fiscal year
that ends in March 2017 at 7.1 per cent.
Strong growth figures would also dash
hopes of further interest rate cuts by the
central bank, which has shifted its focus
squarely to inflation.
The Reserve Bank of India (RBI) left the
policy repo rate on hold at 6.25 per cent for
a second meeting in a row this month and
signaled an end
CREDIBILITY
The strong data have also reignited the
debate about the credibility as well as the
quality of the official GDP data.
8
Ever since India changed its methodology
to measure economic activity two years
back, which transformed a sluggish
economy into the world's fastest-growing
major economy overnight, private
economists have been struggling to square it
with the not so rosy reality on the ground.
For example, the official figures show
economic growth was primarily driven by
consumer spending, offsetting a fall in
government expenditure. However, this is
not backed up by the earnings of consumer
goods firms in the last quarter.
As cash-strapped households turned wary,
sales of various goods from beverages to
domestic appliances to cars all plunged. The
lacklustre consumer spending prompted
several companies to trim their revenue
outlook.
For example, the official figures show
economic growth was primarily driven by
consumer spending, offsetting a fall in
government expenditure. However, this is
not backed up by the earnings of consumer
goods firms in the last quarter.
-Sindhuja.m MBA International Business
9
Philippines President Threatens to Throw Officials from Helicopter
In the Philippines, President Rodrigo Duterte
said this week he was prepared to throw
corrupt officials out of a helicopter—a
practice he said he’s personally done before.
President Rodrigo Duterte: "If you are
corrupt, I will fetch you to Manila using a
helicopter, and I will throw you out. I have
done this before; why would I not do it
again?"
It’s the latest claim by the Philippines
president to have personally committed
murder. Earlier this month, Duterte said that,
while mayor of Davao City, he patrolled city
streets on a motorcycle looking for
opportunities to kill. As president, Duterte has
launched a brutal so-called war on drugs that
has seen thousands of people killed by police
and vigilantes since the summer
SOLID-LIQUID SEPARATION: CLASSIFICATION, DESIGN AND
TESTING
contaminants from a liquid or separate a
solid product from a solvent, solid-liquid
Whether to remove solid (S-L) separation is
a common unit operation across the
chemical process industries (CPI). This one-
page reference provides an overview of S-L
separation methods, design and testing.
Sedimentation versus filtration Solid-liquid
separation technologies can be classified
according to thermal methods (dryers) or
mechanical methods, where the flow
direction of the solid and the liquid phases
becomes a differentiating factor. In filtration
10
technologies, both phases flow in the same
direction, while sedimentation methods refer
to those where the two phases flow in
sedimentation opposing directions (Figure
1). A special case, in which the flow
directions of the solid and liquid phases are
at right angles to each other, is referred to as
cross-flow filtration. Figure 1. In
sedimentation-based processes, the driving
force is the earth’s gravity, while either
positive or negative pressure drives filtration
processes[/caption] In most sedimentation
processes, the difference in density between
the solid and liquid phases is utilized, but it
is also possible to use electric or magnetic
fields for separating purposes. In some
cases, the natural
Automakers’ December Deals Push 2016 to a Record Seventh Gain
Automakers bought themselves a holiday
present in 2016 to achieve a record seventh
straight annual sales gain -- at a steep cost.
Aggressive deal making in December
ultimately pushed the year’s total sales to a
record 17.55 million cars and light trucks --
a feat considered unlikely just six months
earlier. For the month, General Motors Co.’s
10 percent gain led the six largest
automakers, all of which beat estimates. The
monthly annualized sales rate accelerated to
18.4 million in December, the best pace
since July 2005.
“We saw tremendous sales incentives in
November and December,” said Michelle
Krebs, senior analyst with price-researcher
Autotrader.com Inc., citing programs such
as Chevrolet’s Red Tag Sales Event and
Nissan’s holiday event. “Automakers were
even adjusting incentives throughout the
month to boost sales. Year-end deals were as
aggressive as we’ve seen.”
Still unknown is whether the year-end push
was a last gasp. Automakers are entering
2017 with analysts projecting the first sales
decline in years, to about 17.3 million. A
strengthened U.S. economy and
Wednesday’s results -- which included
surprise gains by Ford Motor Co., Toyota
11
Motor Corp. and Nissan Motor Co. -- gave
some automakers added confidence that this
year could also surpass expectations.
“The industry is very healthy, the overall
supporting economy is good,” said Bill Fay,
the head of Toyota-brand sales in the U.S. “I
expect the industry will get off to a good
start and we’ll have another good, strong
year.”
December Shines
Industry wide sales rose 3.1 percent to 1.69
million in December, researcher Auto data
Corp. reported, while for the full year the
gain was 0.4 percent from 2015’s 17.48
million. Coming into Wednesday’s reports,
analysts had predicted that only GM would
post higher deliveries in December. They
also projected a seasonally adjusted
annualized rate of 17.6 million cars and light
trucks.The results buoyed automaker shares.
GM rose 5.5 percent, the most since
November, to $37.09, while Ford’s 4.6
percent surge was its biggest since March.
Even Fiat Chrysler Automobiles NV -- the
only major automaker to post lower
December sales -- rose 1.4 percent.
Appetite for Deals
Burgeoning U.S. consumer confidence
should keep sales at or near record levels,
said Mustafa Mohatarem, GM’s chief
economist. Gross domestic product rose
3.5 percent in the third quarter and is
projected to gain 2.2 percent for the
fourth quarter
Even so, stretching to an eighth straight year
of sales gains in 2017 will likely only
happen if automakers discount even further,
said Alan Baum, an independent auto
analyst in Bloomfield Township, Michigan.
With passenger car sales falling, it’ll be
tough for carmakers to continue sustaining
growth on the strength of just trucks and
sport utility vehicles next year.“Setting
another record will require incentive
spending that GM would say they won’t
do,” Baum said.
12
Dollar Extends Gain, Euro
Climbs Before ECB Meet: Markets Wrap
The dollar rose with Treasury yields and the
euro strengthened as central banks
dominated markets on Thursday. Metals
deepened their losses, while oil edged higher
after Wednesday’s selloff.
Investor conviction that the Federal Reserve
will raise U.S. borrowing costs when it
meets next week helped propel the yield on
10-year U.S. Treasuries higher for a ninth
day, while the Bloomberg Dollar Spot Index
headed for its best back-to-back weeks since
December. The euro rose before Thursday’s
European Central Bank meeting, where no
change in monetary policy is expected.
Crude’s advance paled compared to
yesterday’s slump, and commodity
producers dragged European stocks
lower.As a string of indicators from
improving U.S. jobs data to rising euro-area
inflation points to strengthening global
growth, investors are positioning for higher
U.S. interest rates and looking for signs of
an end to European stimulus. While
economists surveyed by Bloomberg predict
the ECB will reiterate that its monthly bond-
buying program will run until at least
December, traders will be on alert for a
more hawkish tone from President Mario
Draghi.
“Despite the positive outlook, risks
remained skewed to the downside for now,”
Anna Stupnytska, global economist at
Fidelity International, said in a note. “A
Brexit related slowdown could spill over via
trade links, with Germany being particularly
vulnerable. The heavy political timetable,
with Dutch elections later this month and
French presidential elections” starting in
April are also reasons for ECB caution, she
said.
Read our Markets Live blog here.
What’s ahead for the markets:
Mario Draghi is expected to keep QE going
until the end of the year with underlying
price pressures muted. The ECB’s policy
decision will be announced at 1:45 p.m.
13
Frankfurt time and Draghi will hold a press
conference 45 minutes later.
Official U.S. jobs data for February are due
Friday. Employers probably added around
200,000 workers to payrolls, in line with the
average over the past six months and a sign
of steady job growth, economists forecast.
Here are the main moves in markets:
Asia
Declines in Asia were led by the Hang Seng
China Enterprises Index in Hong Kong,
which fell the most since Dec. 15. Japanese
equities gained, supported by a weaker yen.
The yuan reversed losses after hitting its
weakest against the dollar in two months.
Stocks
The Stoxx Europe 600 Index fell 0.2 percent
as of 9:58 a.m. in London, with energy
companies and miners posting declines.
Futures on the S&P 500 were little changed
after the benchmark index lost 0.2 percent
on Wednesday. Currencies
The Bloomberg Dollar Spot Index rose 0.1
percent after gaining 0.4 percent
Wednesday.
The British pound fell 0.1 percent as the
euro added 0.2 percent.
Bonds
Yields on 10-year U.S. Treasuries climbed
one basis point to 2.57 percent after adding
25 basis points over the past eight days.
German bonds were choppy ahead of the
ECB meeting.
French bonds dropped at the open, leading
to some speculation Asian investors were
selling the debt, given the timing. Losses
quickly erased as focus turned to the latest
Harris poll, showing Emmanuel Macron
overtaking Marine Le Pen in the first round
of the French presidential election.
Peripheral bonds are steady. Long-dated
Italian bonds slid after yesterday’s auction
announcement for next week, which include
15- and 30-year bonds.
Commodities
West Texas Intermediate crude advanced 0.2
percent to $50.38 a barrel. It tumbled more
than 5 percent the previous session to the
lowest close since Dec. 7.
Gold fell 0.3 percent to $1,204.76 an ounce,
declining for a fourth day.
14
MEDICAL ELECTRONICS
Bluetooth Low Energy Technology
Makes New Medical Applications
Possible.
One of the toughest problems facing
portable medical devices today is power
consumption. Bluetooth low energy
technology could help solve it.
Wireless technology has been replacing
cables and allowing increased patient
mobility for decades through ambulatory
patient monitors. Portable patient monitors,
infusion pumps, surgical foot switches, and
dozens of other medical devices currently
use wireless connectivity to maintain a
connection to monitoring and information
systems.One of the toughest issues facing
portable medical devices today is power
consumption. Power requirements for
wireless connections constrain architecture
and limit application
That could all change, thanks to the
introduction of Bluetooth low
energy technology specified in Bluetooth
v4.0, which is making its way to designers
and consumers today. Recent
announcements by Microsoft and Apple
supporting this new technology show its
wide-ranging deployment in standard
computing and communications platforms.
The stage is set to deploy truly low-power
wireless medical applications that have
relied on custom components and platforms
until now.
Bluetooth low energy technology is different
from other wireless technologies because it
combines a standardized technology
designed from the very beginning for ultra-
low-power batteries and a new sensor-based
data collection framework. Bluetooth low
energy technology will also be integrated in
most handheld devices.
Bluetooth Special Interest Group (SIG)
working groups have already released
several profiles for health, fitness, and
medical device use, and others are in
progress. While these devices are not
directly compatible with IEEE 11073, a
whitepaper detailing the data conversion and
compatibility mapping is also being
developed to make data available to systems
using the IEEE 11073 standard.
The Bluetooth SIG forecasts that Bluetooth
low energy technology will be implemented
in billions of products within just a few
years:
15
Phone Accessories > 10 billions
Smart Energy (counters and
displays) ~ 1 billions
Home Automation > 5 billions
Health, Wellness, Sports & Fitness >
10 billions
Assisted Living > 5 billions
Animal Tagging ~ billions
P2P Intelligent Transport Systems >
1 billion
Industrial Automation/M2M > 10
billion
Features
Bluetooth low energy technology is the key
feature of the Bluetooth Core Specification
4.0 (Bluetooth v4.0) and has inherited
several technical features from Classic
Bluetooth technology that provide for
robust, reliable connections. New features
allow for event-driven data acquisition,
proximity sensing, and time
synchronization. But in many ways,
Bluetooth low energy technology is a very
new wireless technology. Bluetooth v4.0 is
fundamentally different in that it is designed
for transmission of small amounts of data
instead of periodic data streaming
connections featured in Classic Bluetooth
technology. For example, Classic Bluetooth
technology provides support for headset and
streaming audio data, a feature
fundamentally absent from the Bluetooth
low energy technology model. The
technology features efficient discovery and
connection set-up, short packages, and
asymmetric design for small devices.
The Lowest Possible Power
Consumption.
Everything from physical design to use
models is designed to keep the power
consumption at a minimum. In order to
reduce the power consumption, a Bluetooth
low energy device is kept in sleep mode for
most of the time. When an event occurs, the
device wakes up and a short message is
transferred to a gateway, PC or a smart
phone. Maximum/peak power consumption
is less than 15mA and the average power
consumption is about 1μA. The active
power consumption is reduced to a tenth of
the energy consumption of Classic
Bluetooth technology. In low duty cycle
Figure 2. Bluetooth low energy technology
uses 40 instead of the Classic Bluetooth
technology’s 79 channels.
16
applications, a button cell battery CR2032
could last for 5–10 years of operation.
Cost Efficient and Compatible.
In order to offer compatibility with Classic
Bluetooth technology and cost efficiency for
small battery-operated devices, there are two
chipset types:
Dual-mode technology including
both Bluetooth low energy and
Classic Bluetooth functionality.
Stand-alone Bluetooth low energy
technology optimized for small
battery-operated devices with low
cost and low power consumption in
focus.
Robustness, Security and
Reliability
Bluetooth low energy technology
uses the same adaptive frequency
hopping (AFH) technology as
Classic Bluetooth technology to
achieve a robust transmission in
noisy RF environments found in the
home, industrial, and medical
applications. To minimize the cost
and energy consumption, Bluetooth
low energy technology has reduced
the number of channels to 40 2 MHz
wide channels instead of the 79 1
MHz wide channels in Classic
Bluetooth technology.
Wireless Co-existence
Bluetooth technology, Wireless LAN, IEEE
802.15.4/ZigBee, and several proprietary
radios use the license-free 2.4 GHz
industrial, scientific, and medical (ISM)
bands. With so many technologies in the
same radio space, interference can decrease
the wireless performance (latency and
throughput) due to the need for error
correction and retransmission. In demanding
applications, interference can be reduced
through frequency planning and special
antenna solutions. Both Classic Bluetooth
technology and Bluetooth low energy
technology utilize AFH, making the
A hospital medical Bluetooth low energy
use model
Bluetooth transmission robust and reliable.
AFH also minimizes interference from
Bluetooth technology to other wireless ISM
band radio technologies
17
Figure 3. This illustration demonstrates
AFH operation in the presence of three
channels of 802.11b/g (Wireless LAN).
Bluetooth low energy technology has a
slightly different modulation than Classic
Bluetooth technology. This modulation
differentiation offers a range of up to 300
meters with a 10dBm radio chipset
(Bluetooth low energy maximum).
In the Generic Attribute Profile (GATT)
service groups, features, and declarations are
brought together to specify the standard set
of features available in all devices. In the
Generic Access Profile (GAP) connections,
discoverability, connectability, and bonding
are described. Through these attributes,
numerous basic services and profiles can be
built. Some examples of basic services and
profiles include the following
Find Me
Time
Battery
Automation I/O
Building Automation (Temperatures,
Thermostat, Humidity)
Lighting (On/Off Switch, Dimmer)
Remote Controllers
Fitness (Step Counter/Activity
monitor, Heart rate monitor)
Medical Devices (Glucose Meter,
Weight Scale, etc.
Fig 4: An advertiser periodically sends
messages and will always be a slave once
the connection is established. A scanner is
ready to receive an advertisement
message and a connection request and
will always be a master once the
connection is established.
18
Example Use Models.
The reduced power and cost of Bluetooth
low energy technology enable many medical
use models from the home to the hospital.
The example model in the home could be
used to log data and establish trends for a
congestive heart failure (CHF) patient using
several types of sensors and the patient’s
mobile phone.
A similar architecture is shown for use as
an in-hospital vital signs monitor, using
Bluetooth low energy and Classic Bluetooth
technology where appropriate based on the
technologies’ strengths.
LOW ENERGY
Bluetooth low energy technology is a
powerful application enabler that will
change the way we experience wireless
applications. Its low power and cost, as well
as its robust communication technology,
make it ideal for low-power medical
applications in the home and hospital.
As the technology is being implemented in
almost all mobile devices, there is
Opportunity to utilize off-the-shelf handheld
devices and enable new use models that
leverage the rich user interface and
communication features of those platforms
19
INDIA'S CRUDE OIL REFINERY OUTPUT RISES 5.3% IN DECEMBER
2016
Crude oil refinery output up 6.7% in April-
December 2016
India's crude oil refinery output increased
5.3% to 20.73 million tonnes (mt) in
December 2016 over December 2015. The
output of public sector refineries improved
11.2% to 11.39 mt, while the output of
private refineries dipped 3.0% to 7.89 mt.
Further, the refinery output of public-private
JV refiners moved up 11.0% to 1.45 mt in
December 2016.
Among public refineries, the output of
Chennai Petroleum Corporation increased
48.1% to 0.70 mt, while the output of Bharat
Petroleum Corporation moved up 12.7% to
2.19 mt and Indian Oil Corporation 12.3%
to 5.36 mt in December 2016 over
December 2015. The output of Numaligarh
Refineries also inched up 11.2% to 0.26 mt
and Hindustan Petroleum Corporation 7.7%
to 1.54 mt, but the output of Mangalore
Refineries declined 3.5% to 1.33 mt in
December 2016.
Among private refiners, the output of
Reliance Petroleum fell 3.0% to 6.20 mt,
while that of Essar Oil declined 3.3% to 1.70
mt in December 2016 over December 2015.
Among JV refineries, the output of Bharat
Oman jumped 28.0% to 0.58 mt, while the
output of HPCL Mittal rose 2.0% to 0.87 mt
in December 2015.
The cumulative refinery output increased
6.7% to 178.59 mt in April-December 2016.
The output of public refineries increased
10.9% to 96.45 mt, while that of private
refineries moved up 2.9% to 70.32 mt. The
refinery output of JV refineries declined
1.7% to 11.82 mt in April-December 2016.
Among public refineries, the output of
Chennai Petroleum Corporation improved
21.2%, Indian Oil Corporation 12.9%,
Bharat Petroleum Corporation 8.4%,
Mangalore Refineries 7.7%, Numaligarh
Refineries 6.5% and Hindustan Petroleum
Corporation 5.4%.
The overall capacity utilization was lower at
109.7% in December 2016 compared with
110.6% in December 2015, while it was
higher at 106.1% in April-December 2016
compared with 105.5% in April-December
2015.
20
DIRECT TAX COLLECTIONS IN MUMBAI, DELHI IN SINGLE DIGIT
MUMBAI: Direct tax collections by both
Mumbai and Delhi zones of the Income Tax
department were in single digit until
December 24, a department official said.
It is inspite of the fact that the net revenue
collections were in double digit during the
period not only at the national level, but also
at zonal level.
The Mumbai zone, which is responsible for
collection of more than one-third of total tax
being collected from across the country,
garnered revenue amounting to Rs 1.74
trillion during the reporting period from Rs
1.59 trillion a year ago, thus showing a
growth of 9 per cent, an official told PTI
here today.
However, the growth was in double digit in
all the other parts of the country during the
period. Even small places like Pune and
Thane have also shown a double-digit
growth in direct tax collections during the
period.
The department collected Rs 5.54 trillion
during the reported period from across the
country from Rs 4.88 trillion a year ago,
thus registering an average growth of 13.5
per cent.
New Delhi alone has collected a total tax
amounting to Rs 74,147 crore during the
reporting period, from Rs 72,210 crore a
year ago, registering growth of 2.7 per cent.
62,418 crore from Rs 51,128 crore a year
ago.
On a similar front, Chennai and Kolkata
zones have also registered double digit
growth in revenue collections during the
reporting period.While net revenue
collection at Rs 25,171 crore was up by 14.5
per cent from Kolkata zone from Rs 21,976
crore a year ago, Chennai zone's revenue
collection went up by 20 per cent at Rs
42,316 crore from Rs 35,254 crore a year
ago.
Smaller places like Thane and Pune have
also fared well on the front.While Pune
region registered a growth of 19 per cent at
Rs 28,574 crore during the reporting period
from Rs 23,973 crore a year ago, Thane
region's revenue collection at Rs 3,982 crore
was also up by 27.5 per cent from Rs 3,123
crore a year ago.
-Devipriya.s MBA International Business
BY
21
GENERAL KNOWLEDGE QUESTION
1. When did Reserve Bank of India (RBI) formed?
Answer: 1935 April 1
2. When did Reserve Bank of India (RBI) Nationalized?
Answer: 1949
3. Where was the first Headquarters of Reserve Bank of India (RBI) ?
Answer: Kolkata
4. When did the Headquarters of Reserve Bank of India (RBI) moved to Mumbai?
Answer: 1937
5. Who was the First Reserve Bank of India (RBI) Governor?
Answer: Sir Osborne Smith
6. Who was the first Indian RBI Governor?
Answer: C.D.Deshmukh
7. Which Commission recommended the formation of Reserve Bank of India (RBI)?
Answer: Hilton Young Commission (Royal commission)
8. Which is the central bank in India?
Answer: RBI
9. Which bank is known as Banker's Bank?