Thursday, 21 April 2016

9 signs you'll never be rich

Contrary to popular belief, "everyone has the same opportunity to acquire wealth," says self-made millionaire Steve Siebold.
Is wealth in the cards for you?
To help you evaluate, we've rounded up nine red flags you might want to watch out for. While no one can predict the future, the following choices most likely won't accelerate your path to riches.

IIT Delhi is all set to host the 12th edition of its massively popular innovations 'Open House'. Here’s what to expect

It's that time of the year again when India's premier engineering institute, IIT Delhi hosts 'Open House' - its annual exhibition to give people an insight into the revolutionary work happening inside the campus over the past year. As the college is gearing up to host the 12th edition of 'Open House', the list of splendid innovations that will be featured at the event has already caught eyeballs across the country.

This is because once again, most of these projects are not only innovative but those with "high societal impact".

Among a total of 500 research projects and 80 demo projects to be displayed are some really interesting innovations like a hip protective device for the elderly, high productivity bio-fertilizer, Mamma Pod and diagram books for blind students.

There will also be these: A 5 min endotoxin detection kit, Tissue Engineering and 3D Bio printing, Design and Development of Mobile Unit for Biogas Enrichment & Bottlingm among others.

But what's going to be the center of attention is a system of better drainage systems for Delhi. Yes, A lot of eyes, especially from the Delhi government will be on this as the event kickstarts on April 23.

V Ramgopal Rao, who assumed office as the premier institute's Director three days ago, said "The idea of IIT Open House is to identify projects where a new product or technology is created with high societal impact. We are going to connect with agricultural and healthcare institutions and would like to work on multi-disciplinary projects offering societal benefits."

IIT Delhi is expecting over 40,000 school students to visit the exposition which will be open and free for public. While demonstrations will close by 2 pm the laboratory will stay open for visitors till 4 pm.

IIT IS STRIVING TO CREATE A BETTER WORLD FOR THE VISUALLY CHALLENGED

The institute has been working towards providing aid to the visually-impaired for quite sometime now and had come up in the past with technology-driven devices like the blind cane, that have shown positive results.

Their latest project focuses on providing blind students access to non-visual representations of diagrams and figures in subjects like maths, science, economics and geography, in tactile form at an affordable cost.

Prof M Balakrishnan, who is guiding the project, said it uses the process of thermoforming with durable PVC sheets as opposed to the more expensive swell paper or the less durable embossing, while using 3D printing technology.

"Thermoforming lies between embossing and swell technology. While embossing might be economical, it is less durable and prone to wear and tear. Swell technology is expensive with each paper costing Rs 100. With thermoforming, more durable diagrams are created at a nominal price of Rs 10-Rs 15 per sheet," Renu Kaushik and Vibha Chaudhury, who are working as research scholars for the project, said.

The team has been working with NCERT to bring out a map book for Upper Primary grades in blind schools.

They have also brought out science and maths textbooks for ninth grade and economics textbook for the eleventh grade, besides a Yoga book for the Iyengar society that can be used by visually impaired individuals to practise yoga.

Rao also emphasised on the need for tech-based initiatives and said that it will be among one of the primary areas of focus for the years to come.

"I have seen that a lot of start ups are coming up but there are hardly any tech-based start-ups. We have to focus on tech and tech-incubation is what we will focus on in the next few years," he said.

Panama Papers Leaks has become a monkey on Amitabh Bachchan’s back as new records surface. Here are the details

The Panama Papers Leaks have come back to haunt India's Bollywood megastar Amitabh Bachchan, who earlier denied his links to any off-shore accounts, saying his name was being misused.

Records of Panamanian law firm Mossack Fonseca had shown that Bachchan had served as director of four offshore shipping companies between 1993 and 1997, which he has denied.
On the contrary, The Indian Express newspaper has published records that show that Bachchan, as director of two of these firms, took part in their board meetings via "telephone conference."
These meetings of Tramp Shipping Limited (Bahamas) and Sea Bulk Shipping Company Ltd (British Virgin Islands) were held on December 12, 1994.

Indian Express reported that the venue of these meetings were "38/39, The Esplanade, St Helier, Jersey, Channel Islands, JE4 8SD."
Bachchan's name was also recorded in the list of directors and office bearers on the Certificate of Incumbency issued by both companies.
These records relate to a $1.75-million loan from a Jeddah-based investment company that also finds mention in Mossack Fonseca records investigated by The Indian Express.

The Indian Express had reported earlier that Mossack Fonseca records show Bachchan was appointed director and managing director of Sea Bulk Shipping Company Ltd (BVI), Lady Shipping Ltd, Treasure Shipping Ltd and Tramp Shipping Ltd (Bahamas) in 1993. He was also listed under "Nombre Miembro" (member name) of these companies.

When Bachchan was approached by the newspaper on the same issue, his publicist emailed a statement: "On the Panama disclosures, I wish to state that queries continue to be sent to me by the media. I would humbly request them to kindly direct these to the GOI (Government of India) where I, as a law abiding citizen have already sent, and shall continue to send, my responses. I stand by my earlier statement on the 'misuse of my name' in the matter and in any event the press reports do not disclose any illegal act committed by me."

AD BANNAR