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NPA on Rise …Think about it !

  
Analysis, Economy, Education
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Finance Ministry expects the gross NPA levels of PSBs to go up substantially in the current fiscal because many restructured accounts of previous years may turn into NPAs this fiscal.

Meanwhile, the gross NPA level of new private sector banks increased to Rs 13,772 crore in end March 2010 from a level of Rs 10,419 crore in end March 2008. The gross NPAs of old private sector banks stood at Rs 3,612 crore in end March 2010, higher than the level of Rs 2,557 crore in end March 2008.

The gross NPA level of PSBs stood at Rs 57,301 crore as of end March 2010, much higher than the level of Rs 39,749 crore in end March 2008.

Trading Wisdom

  
  Education
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We all need to be disciplined along with using good money and risk management skills, yet too much of anything can cause problems.

Sometimes we put so much attention on caution to ensure that we only make good trades that we reduce our actions to the point that we miss so many strong trading opportunities.

Every time we begin our trading sessions, we need to communicate to ourselves that we will be confident, prepared and most importantly… committed to executing trades when our analysis shows that a good trade is in front of us.

Never allow the market, the news, your friends, your past trading session or anything else send you a false signal that causes you to sit back and do nothing when you can easily see from your training that you should execute a trade right now.

Out of This World: NASA to Award Indian Scientist for Innovative Concept

  
Analysis, Education
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A scientist of Indian origin has been chosen for NASA’s Innovative Advanced Concepts program, a project aimed at revolutionizing future space missions.

Ratnakumar Bugga, a scientist of Indian origin from NASA’s Jet Propulsion Laboratory in California, is among 13 other researchers who will be awarded nearly $100,000 for nine months to support the initial definition and analysis of their concepts in NASA’s Innovative Advanced Concepts (NIAC) program, the US space agency said in a statement.

Bugga’s concept is titled “Venus Interior Probe Using In-situ Power and Propulsion” (VIP-INSPR). Unlike primary batteries, VIP-INSPR will be able to provide power continuously for sustained exploration of the Venus atmosphere.

The Indian-born scientist, who has PhD in electrochemistry from the Indian Institute of Science in Bengaluru, is currently involved in the development of low temperature lithium-ion rechargeable batteries and the ultra-low temperature lithium primary batteries for Mars probes. Bugga was also the task manager for the Mars Exploration Rover Thermal, Rover and Lander batteries.

Other selected concepts include a proposal for reprogramming micro-organisms that could use the Martian environment to recycle and print electronics and a two-dimensional spacecraft with ultra-thin subsystems that may wrap around space debris to enable deorbiting.

The award winners can apply for Phase-2 awards, valued up to $500,000 for two additional years of concept development, if their basic studies are successful.

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