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Future money
Finance Minister Pranab Mukherjee released two ‘Bhabha Centenary Commemorative Coins’ at the international conference on ‘Peaceful Uses of Atomic Energy-2009’ in the capital’s Vigyan Bhawan. He handed over the first set of coins — one of Rs 10 and the other of Rs 100 — that were set in a black plaque to Prime Minister Manmohan Singh. Singh, who has been RBI Governor and understands everything there is to money, asked “Are these legal tender?”. No, Mukherjee replied, they cannot be used by the common man since they are only for commemorative purposes, “but if one keeps these coins for a hundred years and then sells it to coin collectors, one can make a fortune!”
International Business

ISRO to map tea gardens in to improve yield

In a path-breaking development for the tea industry of Assam and West Bengal, the Indian Space Research Organisation (ISRO) has offered its remote sensing (RS) and geographical information systems (GIS) facilities to tea gardens in the two states. - Madhavan Nair takes over as President of IAA - IIT-K to launch nano satellite by Dec - Isro set to use indigenously developed cryogenic engine for GSLV launch This would mean accurate availability of critical information and data required by the gardens. ISRO, in collaboration with Tea Board, launched a pilot project, “Tea Area Development and Management using Remote Sensing (RS) and Geographical Information Systems (GIS),” on December 7 at Tocklai Tea Research Centre in Jorhat in Upper Assam. Tea industry sources at the Jorhat workshop told Business Standard that an array of dignitaries from ISRO gave the industry captains first-hand knowledge of the project, which would be the first of its kind in the country. The project would map tea-growing areas using high-resolution satellite data and carry out site suitability analysis for bringing new areas under the crop.


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