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PUNE, JULY 12, 2014 | www.goldensparrow.com
SPOTLIGHT
NAMO-NOMICS
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Now, the city bats for football P 13
Experts demystify budget 2014 P4&5
Dabholkar murder: Crime & punishment P 12
University of Pune’s vice chancellor Wasudeo Gade’s goal is to secure a place among top 200 universities of the world See full report on p7
MISSION
Indian Navy LCA to begin test flights soon LCA has already done more than 25 test flights NEW DELHI: The naval variant of India’s indegenous light combat aircraft (LCA) is due to begin ramp trials soon. Avinash Chander, scientific adviser to the defence minister and director general Defence Research and Development Organisation (DRDO), told India Strategic magazine (www.indi-
craft carriers are also located. The station has a 14-degree ramp along with necessary testing sensors and paraphernalia to monitor the fl ights and was specifically built as part of the indigenous LCA-Navy development programme. But as it is a national naval asset, it is shared by the
astrategic.in) that the LCA-Navy had already done more than 25 test fl ights from a runway. As these were successful and met the designated parameters, the aircraft will now be deployed at a naval base in Goa to commence ramp fl ights, probably after the monsoon. Goa, on the Arabian seafront, has a major naval air station, INS Hansa, where the MiG-29Ks for Indian air-
MiG-29Ks for training pilots and fl ight tests. Both the aircraft need the same degree in the ramp, matching the one on INS Vikramaditya, acquired from Russia, and INS Vikrant, now being built at the Kochi shipyard. Chander said that the fl ight tests are being conducted with LCA MarkI to prove certain technologies and to Contd on p 10
PARAKRAM
Common man satisfied with budget 2014
Signpost Infosys net profit up in first quarter
NEW DELHI: Income tax exemptions and the focus on women’s safety and senior citizens has put a smile on the common man’s face. The maiden budget of finance minister Arun Jaitley saw the IT exemption limit for those below 60 raised from Rs 2 lakh to Rs 2.5 lakh and from Rs 2.5 lakh to Rs 3 lakh for senior citizens. It also proposed to use the huge amount of money lying “unclaimed” in saving schemes for the welfare of senior citizens. “For a change the government has given us importance. I welcome the announcements and hope that the government will take proper care of us,” said Kailash Nihalani, a 72-year-old retired teacher living in west Delhi. However, some complained that Jaitley failed to give them any relief from the inconvenience they face at government hospitals and dispensaries. “At times, it’s difficult for the elderly to get proper access to medicines or treatment at the government-run hospitals and dispensaries. There is
Indian IT bellwether Infosys posted a net profit of Rs 2,866 crore for the first quarter (April-June) of this fiscal (2014-15), registering 21.6 percent yearon-year (YoY) and 3.5 per cent sequential growth. In a regulatory filing to the Bombay Stock Exchange (BSE) Friday, the global software major said its consolidated income for the quarter under review (Q1) increased 13.3 per cent YoY and 0.8 per cent sequentially to Rs 12,770 crore. Under the International Financial Reporting Standard (IFRS), net income rose 15.3 per cent YoY and one percent sequentially to $482 million and gross revenue 7.1 per cent YoY and two percent sequentially to $2.13 billion. The company’s huge cash reserves, however, declined to Rs 29,748 crore sequentially from Rs 30,251 crore. Though the company and its subsidiaries added 11,506 people during the quarter under review.
no provision for getting proper access to medical facilities for us,” rued Dev Singh Bajaj, a 65-year-old writer based in Mumbai. The allocation of Rs 150 crore to improve safety for women in larger cities was applauded by all especially the women in the wake of the horrific December 16, 2012 gang rape in the national capital. Jaitley announced Rs 50 crore for the surface transport ministry to make road transport safer for women in addition to setting up of a crisis management centre for women in Delhi, the money for which will be provided from the Nirbhaya fund. “I hope this money is spent properly on protecting our mothers, daughters and sisters and making our cities safer for them,” said Rajan Singh, a 32-yearold businessman from Chandigarh. While the allocation of Rs 1,000 crore for implementing one rank, one pension scheme was welcomed by those in the armed forces. Contd on p 10
Indian mathematician wins Polya Prize for solving knotty riddle Nikhil Srivastava of Microsoft Research India and his two colleagues have cracked the puzzle that was perplexing mathematicians for more than half a century WASHINGTON: A young Indian mathematician, Nikhil Srivastava, has been named a joint winner of the prestigious George Polya Prize for finding proof of a riddle that had eluded mathematicians for more than half a century. Srivastava of Microsoft Research India and Adam W Marcus and Daniel A Spielman from Yale University will be presented the 2014 George Pólya Prize at the July 7-11 annual meeting of the Society for Industrial and Applied Mathematics (SIAM), in Chicago. The trio had announced the proof of what is known as the Kadison-Singer conjecture, first proposed by Richard Kadison and Isadore Singer in 1959,
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Nikhil Srivastava (left) with his colleagues Adam W Marcus and Daniel A Spielman
pertaining to the mathematical foundations of quantum mechanics about a year ago. The Pólya Prize named after a Hungarian mathematician credited with fundamental advances in combinatorics, numerical analysis, number
theory, and probability theory, is presented by SIAM every two years. Citing an email received by Srivastava, Inside Microsoft Research blog said the selection committee wanted to recognize him and his colleagues “for the solution to the Kadison-Singer problem.” “Not only have Marcus, Spielman, and Srivastava proved an important conjecture, which has consequences in various areas of mathematics, but their elegant methods promise to be applicable to a broad range of other problems, as well,” the citation continued. He wrote a post on the Windows on Theory blog shortly after the conjecture was proved. Contd on p 10