Buxar tops in Bihar Vikas Mission ranking
The rankings are derived from comprehensive monitoring of multiple schemes under both phases of the initiative. Buxar's top ranking reflects its successful execution of several schemes, including the Bihar Student Credit Card, Mukhyamantri Nishchay Swayam Sahayata Bhatta Yojana, irrigation water to every farmland, and solar street lights in all villages under the panchayati raj department.
Buxar DM, Vidyanand Singh, directed all departments concerned to formulate detailed action plan for each scheme component and strive for 100% target achievement.
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India.com
4 hours ago
- India.com
China, Pakistan suffer big blow as US to make Tejas MK2 and AMCA engines in India, technology transfer..., sixth-generation fighters...
New Delhi: India's ambitious project Light Combat Aircraft Mark-2 (LCAMK2) is now going to write a new chapter. Hindustan Aeronautics Limited (HAL) announced on Wednesday that it has signed an agreement with American engine manufacturer GE Aerospace. Under this, the GEF414 engine that is fitted in fighter planes will be made in India itself. Along with these engines, the American company will also provide adequate Transfer of Technology (ToT) to India. This announcement has been made when the need for advanced fighter jets is being felt in the Indian Air Force after the retirement of MiG-21. At the same time, India's Defense Research and Development Organization (DRDO) has also taken a step forward for the test of jet engines. What kind of engines will be available for LCAMK1A? According to a report by Business Standard, this agreement has been reached between HAL and America's GE Aerospace. Under an earlier agreement with the American company, India got the second GE-404 engine from America in July this year. HAL will install this engine in Tejas LCAMK1A fighter jets. HAL is to get 12 such GE-404 engines by March 2026. The Indian Air Force (IAF) has already placed orders for 83 LCA Mark 1A. Apart from this, there is also a proposal to purchase 97 more such fighter jets. What caused the delay in engine delivery? India was in need of powerful engines for a long time, but neither America nor capable European countries gave this technology to India. Russia gave engines, but did not give technology. In such a situation, it became very important for India to make its indigenous engine. Now with Kaveri 2.0, India will become self-reliant in terms of engines. What is DRDO's plan for making 'super engine'? Gas Turbine Research Establishment (GTRE), an associate organization of DRDO, has built a facility for the final test of jet engines. The work of building a powerful engine facility at this facility in Bengaluru started in 2023 itself. GTRE will make a powerful engine of 130 kilonewtons in this facility. It is believed that this engine will be ready in this facility, which will be ready by October 2025. What kind of engines will be made here? At present, GTRE has two important projects. One is the dry Kaveri engine. These engines will be prepared for unmanned combat drones. Secondly, another super engine will be made, which will be prepared for the future fifth-generation indigenous fighter aircraft, i.e. Advanced Medium Combat Aircraft (AMCA). India is working on dual-engine technology, which will make fighter aircraft more powerful. It is believed that the first trial of the engine will be done by mid-2026. In this, the Kaveri derivative engine, also known as dry Kaveri, will be developed. This engine will be the non-afterburning variant of the original GTX-35VS Kaveri. It has been designed for India's stealth unmanned combat aerial vehicle drone, Ghaatak. Its test was successful in Russia. Will fifth-generation fighter jets be able to fly using Kaveri 2.0? Kaveri 2.0 is a next-generation turbofan engine. It is being developed for use in future fighter aircraft, such as fifth and sixth-generation fighter aircraft. The Kaveri 2.0 engine core is designed to generate thrust between 55 and 58 kN. With afterburner (wet thrust), it is expected to achieve more than 90 kN. Kaveri 2.0 will prove to be better than the US-made F-404 (84 kN) and F-414 (98 kN) engines.
Time of India
4 hours ago
- Time of India
Learn this money trick from the rich: Understand the power of compounding and discounting to grow your money
Why these concepts matter? Academy Empower your mind, elevate your skills Impact of inflation ET Bureau Fun shortcuts This rule provides an estimate of how long it will take to quadruple your investment. At a 10% interest rate, it will take 14.4 years for an investment to grow 4 times. You may look at Table 1 to verify these rules. The multiple is 2.01 at 5 years, indicating Rs.1 will turn into Rs.2 at the end of 5 years (approximately) at a 15% interest rate. Similarly, the multiple is 4.18 at 10% for 15 years, indicating the investment will grow 4 times in around 15 years. This is a useful rule for predicting your future buying power. The rule of 70 helps you estimate how much your money will be worth in the future. Simply divide 70 by the current inflation rate. This will tell you how long it will take for the value of the rupee to be cut in half. At 4% inflation rate, the rupee will lose half of its purchasing power in 17.5 years. This is specially important for retirement plans, as it may affect the way one chooses to set up monthly withdrawals. Ever wonder how financial experts work out numbers to address the personal finance queries of their clients? The two concepts—compounding and discounting—play a critical role in calculations for personal finance management . While the former helps to calculate how much the investment will grow in the future, the latter determines how much future cash flow is worth these concepts are based on the 'time value of money,' which holds that money available today is more valuable than the same amount received in the future, due to its potential earning capacity. For example, Rs.100 received today can be invested at a 7% rate and will become Rs.107 after a such as income stability, spending habits, debt levels, inflation and interest rate fluctuations , and broader macroeconomic changes influence money management. Compounding and discounting aid this process by supporting budgeting, risk assessment, asset valuation, and overall financial addition, compounding helps investors to understand the benefits of long-term investing , early savings, consistency, and reinvestment gains. On the other hand, discounting assists in assessing the viability of different investment options, evaluating the impact of inflation, and estimating the fair value of of delving into the mathematics of compounding and discounting, we tried to demonstrate its applications by creating various numbers presented in Table 1 and Table 2 are calculated assuming Rs.1 is invested, whereas Table 3 and 4 are also based on annual expenditures and purchasing power of Rs.1. Therefore, these numbers can be used as multipliers for determining the maturity or purchasing value of any amount. Table 5 includes absolute values that cannot be used as works by adding interest back to the principal. The subsequent interest amount is then calculated on the new principal amount. By continuously reinvesting the earnings, compounding allows the value of an investment to grow at an increasing rate. The level of interest rate, time horizon, and frequency of compounding play a key role in magnifying the effect of investments can be made in a lump sum (fixed deposits, National Saving Certificates) or one-time in stocks or mutual funds, or can be spread over time (recurring deposits or mutual fund SIPs). So, Rs.1 lakh invested for 5 years at 8% interest rate has a maturity value of Rs.1.47 lakh (Rs.1 lakh x 1.47), whereas the same amount if invested for 20 years will grow to Rs.4.66 lakh. The benefit of compounding becomes evident as time the interest rate also helps in accelerating the growth; however, the impact is more pronounced in the later years. For a strong compounding effect, a longer tenure and a higher interest rate are 2 helps in finding out the maturity value of periodic (monthly) investments for different tenures and interest rates. One can multiply the monthly investments to find the maturity value. For example, an investment of Rs.20,000 per month at a 10% interest rate for 24 months will create a maturity value of Rs.5.29 lakh (20,000 x 26.45).The table highlights the importance of starting early investments. Even with modest returns, investors who have started investments early can create substantial wealth over investor with a 10-year time horizon (120 months) and investing Rs.30,000 per month at a modest rate of 8% per annum can create Rs.54.9 lakh wealth compared to an investor that has a 5-year (60 months) time horizon. Even at a higher rate of 15%, the investor with a 5-year horizon will accumulate only Rs.26.57 or the general increase in the price level, can jeopardize the calculations, especially for long-term (retirement) goals. This is because higher inflation reduces the purchasing power of money and creates an income-expenditure mismatch. While the income is affected as it loses value (can purchase a lesser quantity of goods), the expenses swell due to an increase in the prices of essentials like food, fuel, healthcare, and education.A household with an annual expenditure of Rs.3 lakh a year will grow to Rs.4.44 lakh per year (Rs.3 lakh x 1.48) after 10 years if inflation averages 4% every year. At a higher inflation rate of 5%, the annual expenses will swell to Rs.4.89 lakh after 10 years.: It is the inverse of compounding that translates the money receivable in the future to its present value. The rate used to convert the future money into its present value is termed the discounting concept is based on the premise that time reduces the value of money because of inflation, uncertainty, and opportunity cost (availability of investment options). Generally, the larger the time and discount rate, the lower the present purchasing power of Rs.100 at a 4% average inflation rate will be reduced to Rs.68 after 10 years. As one can observe, the higher inflation rate and longer time create a larger contraction in the purchasing power (or present value). Therefore, investments must grow at a rate higher than the inflation present value proves useful in retirement planning by estimating how much one needs to save to meet future numbers highlight the importance of financial discipline. A person with more years left for retirement (implying more years for investment) requires lower 30 years to retirement, an investment of Rs.2,861 is needed every month at a 12% annualised interest rate to accumulate Rs.1 crore. Comparatively, if starting 5 years later, to accumulate Rs.1 crore at a 12% rate, an investor needs to invest Rs.5,322 every month, which is 86% higher. The amount needed every month continues to swell as the investment is finance has some mental math shortcuts that help with quick calculations. Though the calculations are not exact, they provide close approximates. Some of these shortcuts:This helps to calculate the number of years it will take to double the money. Simply take 72 and divide it by the interest rate. For example, at a 15% interest rate, it will take 4.8 years (or close to 5 years) to double the to know how long it will take to triple your money? Use the rule of 114. It works in the same way as the rule of 72. Simply divide 114 by your interest rate to determine how long it will take for your money to triple. At a 10% interest rate, it will take 11.4 years to triple your money.
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Business Standard
10 hours ago
- Business Standard
Goa to roll out new salt-tolerant paddy variety for 2026 kharif season
Goa's latest paddy seed variety, which offers improved resilience against salinity, waterlogging, and crop lodging, is likely to be released for large-scale cultivation in the Kharif season 2026, state Agriculture Minister Ravi Naik has said. In a written reply in the legislative assembly on Friday, Naik said that the new variety is currently in its second year of on-farm trials and has already shown promising results in demonstration plots under the Minikit Programme. He was responding to a question by independent MLA Aleixo Reginaldo Lourenco. According to the data furnished by the Indian Council of Agricultural Research, Goa Dhan-5 was developed to build on the performance of earlier salt-tolerant varieties Goa Dhan-1 and Dhan-2 released in 2017, and Dhan-3 and Dhan-4 released in 2019, the minister said. Naik said that while the first four Dhan varieties are tolerant to saline conditions, Goa Dhan-5 stands out for its added resistance to waterlogging and complete or partial submergence for 10 to 15 days, making it suitable for the state's flood-prone and coastal agricultural zones. "It also has a strong culm, which improves resistance to lodging a common issue that affects plant stability and yield during heavy rains and wind," he stated. The minister further said that the trial results indicate Goa Dhan-5 yields around six tonnes per hectare under normal conditions and four to four and half tonnes under saline conditions. "More than 40 farmers in Amona, Chorao, Neura, Shiroda, and Cumbarzua villages in both North and South Goa are cultivating the variety as part of the ongoing demonstration phase," he said. The seed variety is expected to be formally proposed for release to the State Variety Release Committee (SVRC) after reviewing its performance during the current Kharif season. If cleared, seeds will be made available to farmers in time for the next planting cycle, he added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
