Category: Business & Economy

KARNATAKA: HEALTH & MEDICAL SERVICES : Clinical Psychology Society of India (CPSI) Launched to Boost Mental Healthcare

More investment should come into the crucial clinical psychology segment, said Capt. P Manivannan, secretary to the government, Social Welfare Department.

At the launch of the Clinical Psychology Society of India (CPSI), he said 75 per cent of employees face mental health issues because of an unstable work environment and initiatives like CPSI will help in educating professionals to provide the right care.

NIMHANS Director Dr Pratima Murty said the number of clinical psychologists at 2,900 is meagre in the country. Efforts are required to bring a drastic change in resolving mental health issues. CSPI will help in providing quality healthcare to people and training and education to medical graduates, she said.

CPSI president Dr Jamuna Rajeshwaran said the organisation will establish evidence-based care for psychological disorders. CPSI was formed as a regulating and monitoring body was lacking, she added.

source/content: newindianexpress.com (headline edited)

INDIA OVERSEAS: Hindustan Aeronautics Ltd (HAL) Opens Office in Kuala Lumpur to Explore Business Operations both in Malaysian and all of Southeast Asia

HAL’s new office in Kuala Lumpur would take up the market promotion of the company’s range of products and services not only in Malaysia but also all of Southeast Asia.

Hindustan Aeronautics Limited will set up an office in Kuala Lumpur to tap business opportunities in Malaysia and the entire Southeast Asian region, the PSU said in a statement on Thursday.

The new office is expected to help the public sector firm to explore business around Fighter Lead-in Trainer (FLIT) LCA and other requirements of Royal Malaysian Air Force (RMAF) like Su-30 MKM and Hawk upgrades, as per HAL.

“It will reinforce the commitment of India in supporting the Malaysian Defence Forces and industry for sustainable aerospace and defence landscape in Malaysia,’‘ said a company communique.

According to HAL, the company had submitted a proposal to the Ministry of Defence (MINDEF), Malaysia in October 2021 for the supply of 18 FLIT LCAs against a global tender issued by RMAF.

The final winner of the tender is expected to be declared soon by Malaysian authorities and LCA Tejas stands a fair chance of selection in the bid as it meets all the parameters sought by RMAF, as per the release.

source/content: thehindu.com (headline edited)

NATIONAL: KARNATAKA: India’s largest lender the State Bank of India (SBI) opens its first National operation dedicated to startups – the First ‘SBI Start-UP Branch’ in Koramangala, Bengaluru

State Bank of India, while integrating the ‘SBI Start-Up Branch’ at Koramangala, said the facility comes under a pact between the Karnataka government and SBI to further boost the state’s startup ecosystem.

India’s largest lender SBI on Tuesday opened its first-ever startup branch in Bengaluru, which will be dedicated to fund and support early-stage entrepreneurs in setting up new companies till their listing on stock exchanges.

Karnataka has been ranked the best state in the country in terms of startup ecosystem and creating new avenues for them to access credit and funding, SBI said in a release.

“It is the first in the country to provide financing to support startup growth, facilitating entrepreneurs all the way to realise their dreams,” Ashwath Narayan C. N., Minister for Higher Education; IT & BT, Science & Technology; Skill Development, Entrepreneurship & Livelihood, government of Karnataka, said on Twitter, the release said.

Exclusively for startups

The exclusive branch for startups will provide services such as loans, deposits, transaction banking, outward and inward remittances, payments, cash management, forex, insurance, custodial services, capital market and legal advisory, structuring, demat and trading.

source/content: thehindu.com (headline edited)

GLOBAL: BUSINESS & ECONOMY / ACQUISITION: William Penn, India’s leading Brand for Premium Writing Instruments Acquires ‘Sheaffer’, the 110-year-old Iconic American Manufacturing Company of Writing Instruments,

William Penn, India’s leading brand for premium writing instruments and lifestyle accessories recently acquired Sheaffer, the 110-year-old iconic American manufacturing company of writing instruments, mainly known for their luxury fountain pens.

In 1907, Walter A. Sheaffer invented an ink-loading system for fountain pens and W.A. Sheaffer Pen Company was incorporated in the US on May 16, 1913 and grew to spread its footprint in over 75 countries. With the Sheaffer ac quisition, William Penn has become a global brand.

Founder and Managing Director of William Penn Nikhil Ranjan, who is a Mysurean, always believed in the power of the written word. After getting a mechanical engineering degree in Mysuru, Nikhil thought out-of-the-box and founded William Penn in Bengaluru in 2002, to introduce the beauty of fine stationery. He launched a line of luxury stationery and soon, his business flourished. Today,  William Penn is also credited with bringingthe fountain pen and ink back from the brink and reclaiming its rightful place in fine writing. B.C. Thimmaiah of Star of Mysore spoke to him about the acquisition and what it means to William Penn. —Excerpts:

Star of Mysore (SOM): What do you have to say about this acquisition?

Nikhil Ranjan: Well, we have been in the business for the last 20 years and until now, we have been the retailer and distributor of global brands. This is an opportunity for us to own a global brand and that’s a big step for us. This allows us to design and market products across the world because Sheaffer is an iconic brand, it is a 110-year-old brand present in 75 countries. We will have a footprint in those countries and it is a huge leap.

We also believe that as a company which is home-grown, out of India and being a global brand, having the opportunity to design and market products to have an impact around the world is what excites us.

source/content: starofmysore.com (headline edited)

INTERNATIONAL: ARTS & CULTURE, MOVIES : The 12th Bengaluru International Short Film Festival 2022 (BISFF): Short films, big impact

With 250 short films selected from over 90 countries, the ongoing Bengaluru International Short Film Festival 2022 offers two new categories on women-centric movies, and disabilities.

Brevity, experimentation and different varieties of storytelling in the visual medium often grips the audience quicker. Bengalureans are watching some of the best films in the 12th edition of the Bengaluru International Short Film Festival (BISFF) which will continue till August 14.

The festival is dedicated to master filmmaker Satyajit Ray to celebrate the Oscar-winning director’s birth centenary, as the poster of Pather Panchali pays homage to his legacy. More than 3,000 submissions poured in for the prestigious festival from across 90 countries, of which around 250 films have been shortlisted. Among the directors, 23 per cent are women.

The platform has been coveted by young and amateur filmmakers to make a mark in the hearts and minds of discerning audiences, and more importantly, mingle with the achievers of the field, to absorb constructive criticism and feedback. BISFF has come a long way in identifying and nurturing young and talented filmmakers. “It’s been a good reception.

source/content: newindianexpress.com (headline edited)

NATIONAL: DEFENCE, SCIENCE & TECHNOLOGY, AVIATION: Hindustan Aeronautics Ltd (HAL) Developing AI-Driven Long-Endurance Drone for Strategic Visions and Vigil over Long Borders

State-run aerospace behemoth Hindustan Aeronautics Ltd (HAL) is working on an AI-driven multi-role, advanced and long-endurance drone for strategic missions in high-altitude areas including along the frontiers with China, people familiar with the development said on Sunday.

The rotary-wing drone will have the capability to carry a load of 40 kgs, including missiles and sensors, and it is being developed considering the requirement of the armed forces to keep a strong vigil over the mountainous areas along the Line of Actual Control (LAC), they said.

The HAL has set a target of conducting the maiden test-flying of the unmanned aerial vehicle (UAV) by the middle of next year and plans to produce 60 such platforms in the first phase of the project, the people in the know told PTI.

They said the operating system of the long-endurance drone will feature applications of Artificial Intelligence and the armed forces will be able to use it for multiple purposes including transporting essential supplies.

source/content: newindianexpress.com (headline edited)

NATIONAL: KARNATAKA: HEALTH & MEDICAL SCIENCES, VACCINE: RT-PCR Detection Kit for Human Monkeypox Virus Developed by NeoDv Biotech Labs Released

Company obtained manufacturing licence from CDSCO and is awaiting clinical validation of kit, which uses gold-standard RT-PCR method.

A human monkeypox virus (MPXV) multiplex RT-PCR detection kit was released by Minister for IT and BT and Science and Technology C.N. Ashwath Narayan on Friday.

Developed by NeoDx Biotech Labs, the MPXV kit is designed for specific detection of the Central African (Congo Basin) and West African Monkeypox virus clades. The kit uses gold-standard Taqman chemistry-based RT-PCR method.

The company has obtained the manufacturing test licence from Central Drugs Standard Control Organisation (CDSCO), under Directorate General of Health Services, Ministry of Health and Family Welfare, Government of India, and is waiting for clinical validation of the kit, according to a press release.

The kit was released on the occasion of the foundation-laying ceremony for the “Research and Training Unit for Rare Diseases” held at the Centre for Human Genetics (CHG) in Bengaluru.

The CHG, under the guidance of the founding Director, Professor H. Sharat Chandra, for the past 20 years, has been providing high quality genetic services to patients with rare diseases from all over Karnataka and other states, the release said.

Meenakshi Bhat, Associate Director at CHG said nearly 35,000 families with genetic disorders have been diagnosed and counselled in the past 15 years. “The genetic laboratories at CHG provide diagnostic testing in around 5,000 patients per year. The majority of these patients are from government hospitals in Karnataka and these services are provided free to BPL and other eligible patient families and at cost to others,” she said.

The Research and Training Unit for Rare Diseases is an extension of the present CHG building. This 40,000 sq. ft extension will have three floors in which comprehensive genetic counselling facilities for around 2,500 families with rare disorders will be evaluated annually, she said.

content/source: thehindu.com (headline edited)

KARNATAKA: AGRICULTURE, INNOVATION, LIVING MUSEUM, RECORDS: Farmer Anil Balanja Grows 700 Different Types of Exotic Fruits from 40 different Nations on His Farm

Anil Balanja, a farmer in Karnataka, has been growing exotic fruits from 40 different nations on his land for the past 20 years.

Anil Balanja, a native of Karnataka, grew up seeing his father grow several jackfruit and mango varieties. He always knew he wanted to be a farmer, and at the age of 19, he began by sowing areca, coconut, and rubber.

The youngster made the decision to emulate his father five years ago. On his farm, he grew a variety of exotic fruits that are uncommonly grown in the nation. This includes foods like avocados, Malaysian santol, Indonesian kepel, and many others.

Currently, Anil’s farm in the Dakshina-Kannada district is flourishing with over 700 exotic fruit types gathered from 40 different nations. Each fruit’s seeds are obtained from nurseries and his international pals.

Additionally, he maintains a thorough record of every fruit, including its scientific name, therapeutic properties, ideal growing temperature, and kind of soil. To continue growing the fruits he collected, he now owns and operates his own nursery.

source/content: krishijagran.com (headline edited)

KARNATAKA: BIRD CONSERVATION: Ranganathittu Bird Sanctuary is Karnataka’s First Ramsar Site

Ranganathittu sanctuary also finds a place in the Important Bird Areas (IBA) list of 42 sites in Karnataka that are identified by the Bombay Natural History Society.

After a wait of over ten years, Karnataka got its first Ramsar site on Wednesday.

The ministry of environment, forests and climate change (MoEFCC) declared Ranganathittu Bird Sanctuary in Mandya as a Ramsar site. With this, the forest department, local administration and tourism department will not just be able to ensure better conservation but also scale up its eco-tourism potential to international standards. Located in the mid-stream of the Cauvery river, Ranganathittu is an integral part of the wetland system and spreads across 517.70 hectares.

It also finds a place in the Important Bird Areas (IBA) list of 42 sites in Karnataka that are identified by the Bombay Natural History Society. Ranganthittu houses 188 species of plants, 225 species of birds, 69 species of fish, 13 species of frogs, 98 species of medicinal plants and 30 species of butterflies.

It is an important breeding site for around 20 species of water birds, 17 of which breed on trees growing on islands on the spot. It houses healthy populations of mugger crocodiles (Crocodylus palustris), smooth-coated otter (Lutrogale perspicillata) and the endangered hump-backed mahseer fish (Tor remadevii).

source/content: newindianexpress.com (headline edited)