Category: Business

Jeff-Bezos-Blasting-Into-Space-In-His-Rocket

Jeff Bezos Will Fulfill His Childhood Dream Of Blasting Into Space In His Rocket

The 57-year-old Amazon founder, Jeff Bezos, is planning a trip to space in his rocket. He will ride a reusable New Shephard rocket that has been tested 15 times by his Blue Origin Company.

When will the flight take off?

Jeff Bezos is the wealthiest man in the world by Forbes’ estimate and now he’s going to be the first billionaire to travel to space. The flight will take July 20 on the 52nd anniversary of the first moon landing by Apollo 11 which took Neil Armstrong and Buzz Aldrin to the moon.

Bezos will be accompanied by his younger brother, Mark who’s an investor and volunteer firefighter. Also, there’ll if a lucky winner of an online charity auction. A New Shephard rocket will take all the occupants to space from remote West Texas on the said date.

Blue Origin’s flight details

Blue Origin took inspiration from Alan Shephard who’s the first American to go to space in a sub-orbital ride aboard a Mercury capsule in 1961. Blue Origin even named its capsule on Alan Shephard. But Bezos flight will be five minutes less than … Read the rest

Bill-And-Melinda-Gates’-Great-Deal-Of-Thought-Of-Divorce

Bill And Melinda Gates’ Great Deal Of Thought Of Divorce

Bill and Melinda Gates are singles now. They are ending their 27 years of marriage after a great deal of thought. But it would be an amicable divorce as both will work together on the philanthropic projects they have started.

What was that great deal of thought?

The two met in New York in 1980 when Melinda was a manager in Microsoft. Their relationship flourished and they decided to tie the knot in a private ceremony in Hawaii. They raised three incredible children and built a foundation that works all over the world.

Melinda said during a Salesforce event in 2016 that they fell in love with everything they saw that didn’t mean that they fell in love with people. She went on disclosing her personal life by saying that they were asking questions to themselves.

The couple filled a marriage questionnaire later in the trip. Based on their answers, they decided that their resources from Microsoft should go back to society. She said that that was an easy discussion and they thought that would be later … Read the rest

RBI-Monetary-Policy

Four Important Points Of RBI Monetary Policy

Reserve Bank of India (RBI) governor Shaktikanta Das will release the first by-monthly monetary policy statement of fiscal 2022 in a press conference on Wednesday. The statement was prepared by the six-member Monetary Policy Committee (MPC), or the rate-setting panel, headed by Das after three-day marathon meeting could shed light on the following points.

Rate Action & Commentary

A change in policy rates is unlikely to happen but a hike is expected at the end of the current fiscal or the next. Most bankers and economists also want the RBI to support the recovery that has just begun by maintaining the present rates.

Economic Growth

The MPC is unlikely to revise down its FY22 forecast of 105% amid localized lockdowns due to fresh wave of pandemic. But RBI could revise its Q1FY22 forecast of 26.2%. Lead indicators also point to mid sequential moderation in RBI policies.

Inflation

Rising input costs, commodity prices, and sticky core inflation could press RBI to revise its inflation forecast for the Q2FY22. The central bank projected inflation at 5.2-5% in Q1FY22 and 4.3% in the second half in its February … Read the rest

hop-shoots

A Bihari Farmer Selling His Crop ₹1 Lakh/KG

If you are of the opinion that farming isn’t a profitable business then this news from Bihar could be an eye-opener for you. A farmer in Bihar cultivated a specific kind of vegetable that sells ₹1 lakh/kg. It is the costliest crop in the world and a humble Indian farmer from a poor state has proved that it could be a game-changer for the farming community.

What is that crop?

It is Hops and popularly known as seed cones or strobiles. Member of the Cannabaceae family of flowering plants, it is considered the costliest crop because of its uses and health benefits. Would you believe that no part of this plant goes to waste? Everything from fruit, flower to the stem has multiple uses in food and medicines.

What are the uses of Hops flower?

It is used by the beer industry for making alcoholic beverages. Hops flower works as a stability agent in beer making. Also, it is considered a potential remedy for Tuberculosis. Hops plant is rich in antioxidants hence good for your skin. It is also known to bring relief in mental … Read the rest

Interest-rates-Nirmala-Sitharaman

Why Is The Central Government Relying On Small Investments For Funding?

The central government first announced a steep cut on the interest rates on small savings on the last day of the financial year 2020-21 and then reversed the order today morning citing “orders issued by oversight” as the reason.

What were the interest rate cuts introduced?

The Finance Minister took the entire world by surprise by announcing a reversal of the order of cutting interest rates to schemes including National Savings Certificates (NSC) and Public Provident Fund (PPF) that would have hurt the middle and the lower-middle class hardest had the government allowed their implementation.

The government announced a cut of up to 1.1% in interest rates in the first quarter of 2021-22. It would mean reduction of PPF interest from 7.1% to 6.4%; of NSC from 6.8% to 5.9%; of 5-year Senior Citizens Savings Scheme paid quarterly … Read the rest

Alaskan-Helicopter-Crash

Alaskan Helicopter Crash Brings The Debate On Heli-Skiing Back To Fore

A backcountry heli-skiing trip in an Airbus AS350 B3 helicopter cost one of Europe’s richest residents his life as the chopper met an accident on Saturday. He was Petr Kellner, 56, who was the Czech Republic’s richest person. Last year, Forbes listed him among the 70 richest people in the world.

How many were killed in the helicopter crash?

Those killed include Petr Kellner (56); Benjamin Larochaix (50) a Czech Republic citizen; heli-skiing guides Greg Harms (52), and Sean McManamy (38); and the helicopter pilot Zachary Russell (33).

The bodies of those killed have been recovered in a rescue effort. A sixth person was also found with the bodies. He was taken to the Anchorage area where he was being treated for his injuries. His condition was said to be stable.

Where did it happen and what were the causes of the accident?

National Transportation Board member Tom Chapman said that it happened in the Alaskan wilderness at around 6:30 pm local time when the helicopter was due back but was reported overdue by 8:30 pm. Soon a search effort was launched only to find … Read the rest