Thursday, 19th May, 2022
Garmin D2 Mach 1 has been unveiled as the company’s latest smartwatch specifically designed for pilots and aviation enthusiasts. The Garmin watch comes with a battery life of up to 11 days and carries features including weather alerts and horizontal situation indicator (HSI) to help aviators both in and out of the cockpit. Other highlights of the Garmin D2 Mach 1 include an AMOLED display with touch support, built-in heart rate monitor, and support for multi-band frequency and multi-GNSS for more accurate GPS positioning.
Garmin D2 Mach 1 price
Garmin D2 Mach 1 price has been set at $1,199.99 (roughly Rs. 90,900) for an Oxford Brown leather band option or $1,299.99 (roughly Rs. 98,400) for a Vented Titanium bracelet variant. Both models come with a trial subscription of the Garmin Pilot app and are now available for purchase in the US. Details about the pricing and availability of the smartwatch in other markets are yet to be revealed.
Garmin D2 Mach 1 specifications
The Garmin D2 Mach 1 features a 1.3-inch (416×416 pixels) always-on AMOLED display that is available with a build made of sapphire and titanium materials. The smartwatch also comes with 32GB of onboard storage that can be used to store music files for offline playback. It is equipped with GPS along with multi-band frequency and multi-GNSS support as well as direct-to navigation. The latter allows pilots to navigate straight to an airport or waypoint in the preloaded worldwide aeronautical database. Aviators can also use the preloaded Nearest function to activate a direct course to a nearby airport.
To make the flight experience easy, the Garmin D2 Mach 1 includes aviation alerts like time, distance, altitude and a fuel timer. The smartwatch also offers aviation weather reports, including METARs and TAFs to let pilots see winds, visibility, and barometric pressure before taking off from the airport.
The Garmin D2 Mach 1 is also claimed to be capable enough to track flights on takeoff and then transfer the date, duration, and total flight time and route to the flyGarmin.com logbook.
In case of an emergency, the Garmin D2 Mach 1 is claimed to provide details including the best glide speed, estimated glide distance, and glide time. Pilots can also set customisable notifications for new METAR and TAF reports to stay alerted if destination airport conditions change or crosswind components exceed a threshold.
Garmin has equipped the smartwatch with an array of sensors including an accelerometer and gyroscope that help provide fitness and health tracking features. These include heart rate and sleep monitoring, Pulse Ox (SpO2) tracking, and Body Battery energy monitoring. The watch is, though, not a certified medical device and is not meant for diagnosis or monitoring any medical conditions. There are also activity tracking features to track various gym activities, cardio workouts, cycling, swimming, and yoga.
When using the Fly activity that includes GPS and Pulse Ox features, the Garmin D2 Mach 1 is rated to deliver up to 24 hours of battery life. The smartwatch in its regular use can, however, last for up to 11 days on a single charge. It measures 47x47x14.5mm and weighs 70 grams (with the wristband).
Abu Dhabi, the capital of the United Arab Emirates, appears set to roll out trading in virtual assets soon as it has released a “consultation paper” that suggests guidelines for such a trade. The proposals are a step towards bringing the digital assets, including the non-fungible tokens (NFTs), under the regulatory framework, financial experts say. The emirate’s financial hub and free zone, Abu Dhabi Global Market, released the paper on March 21. The document has more than a page dedicated to virtual assets and NFTs.
The paper proposes that companies with a licence from the free zone’s financial regulator be allowed to facilitate NFT trading. In it, the free zone’s chief regulator, the Financial Services Regulatory Authority (FSRA), describes NFTs as intellectual property. It also suggests that NFT marketplaces be run by multilateral trading facilities (MTFs) and “virtual asset custodians”. The paper says that transactions in NFTs would require the parties involved to comply with the anti-money laundering and sanctions rules.
However, the consultation paper makes it clear that FSRA is not proposing a formal regulatory framework for NFTs at this point.
Authorities have asked stakeholders to give their thoughts on what sorts of NFTs should be allowed to trade on MTFs, as well as the best approaches to incorporate third-party NFT registries, until May 20.
Abu Dhabi Global Market is one of the three major economic zones operating in the UAE that host virtual asset service providers. It was the first to release a regulatory framework for virtual assets in 2018. Last week, another economic zone of the emirate, the Dubai Multi Commodities Centre, granted a crypto licence to FTX and Binance exchanges.
Earlier this month, the UAE adopted its first law to regulate cryptocurrencies and digital assets, including the NFTs. Under the new law, the country will establish a Dubai Virtual Assets Regulatory Authority (VARA), which would regulate these assets.
Binance has been working to offer its services in West Asia for some time. Recently, it also got a crypto service provider licence in another Gulf market, Bahrain.
The Centre has planned to tax Employees Provident Fund (EPF) contributions exceeding Rs 2.50 lakh yearly. For government employees, the limit has been set at a higher end of Rs 5 lakh. Under the set of new Income Tax (I-T) Rules, PF accounts are likely to be divided into two parts — taxable and non-taxable contribution accounts from April 1, 2022.
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This comes at a time when retirement body EPFO has reduced interest rates to the lowest in more than 40 years for the ongoing financial year 2021-22 (FY 22).
The reduction marks the lowest interest rate since 1977-78 when the figure stood at 8 per cent. EPFO is the top decision-making body Central Board of Trustees (CBT).
Threshold Limits Under I-T Rules: For instance, a non-government employee puts Rs 5 lakh in PF account, Rs 2.50 Lakh will be subject to tax; and if a government worker, puts Rs 6 lakh in PF, Rs 1 lakh will be subject to tax. Government employees contribute to the General PF or GPF, where just employees make PF contributions.
With the new rules, the Centre aims to prevent high earning people from taking advantage of government welfare schemes.
Previously, the government had mentioned that the move would impact less than 1 per cent of taxpayers.
For the implementation of new rules on PF income from employees’ contributions exceeding Rs 2.50 lakh per annum, a new Section 9D has been included under the Income Tax Rules, 1962, according to a notification issued by the Central Board of Direct Taxes. The CBDT frames policy for the I-T department.
It also mentioned that all contributions until March 31, 2021, will be treated as non-taxable contributions.
This implies that contributions for the current financial year (April 1, 2021, to March 31, 2022) will be handled as taxable contributions.
Usually, non-government employers deduct 12 per cent of basic salary as EPF contribution every month while adding a similar figure to it and then depositing it with the EPFO.
EPF accounts are mandatory for employees earning up to Rs 15,000 per month in any firm with over 20 workers.
Amazon Fab Phones Fest 2022 and Flipkart Big Saving Days 2022 sales kicked off this week. Both e-commerce platforms are offering enticing deals on smartphones during their respective sales. We have handpicked a list of smartphones that are offered with the best deals on Amazon Fab Phones Fest 2022 and Flipkart Big Saving Days 2022, if you’re looking to upgrade your old smartphone. It is also advised to check the bundled payment and exchange offers to get these smartphones at the lowest price possible.
Amazon Fab Phones Fest 2022: Top offers on smartphones
OnePlus 9 Pro 5G
OnePlus 9 Pro 5G is offered at Rs. 59,999 during Amazon’s Fab Phones Fest 2022. Customers can exchange their old smartphones and get a discount of up to Rs. 16,500. With SBI Bank Credit cards, customers can avail a flat discount of Rs. 8,000. Alongside, OnePlus 9 Pro 5G is being offered with no-cost EMIs starting Rs. 2,824.
Buy now at: Rs. 59,999 (MRP Rs. 64,999)
iPhone SE (2022)
Granted that iPhone SE (2022) is not yet available to purchase, it is available to pre-order via Apple’s official website and Amazon. The e-commerce platform is offering the smartphone with a pre-order offer of Rs. 2,000 discount with Bank’s credit cards. This makes the smartphone cheaper to pre-order than on Apple’s own website. Amazon is also offering up to Rs. 13,500 as an exchange bonus.
Pre-order at: Rs. 41,900 (MRP Rs. 43,900)
Samsung Galaxy M52 5G
The base 6GB + 128GB storage variant of Samsung Galaxy M52 5G is available for Rs. 24,999. Customers can avail an exchange bonus of Rs. 11,950 along Rs. 1,000 flat discount with HDFC Bank cards. Amazon is also offering the smartphone with no-cost EMIs starting at Rs. 1,117.
Buy now at: Rs. 24,999 (MRP Rs. 29,999)
Flipkart Big Saving Days 2022: Top offers on smartphones
iPhone SE (2020)
The outgoing iPhone SE (2020) is being offered with big discounts during the Flipkart Big Saving Days 2022 sale. The iPhone SE is offered with Rs. 9,901 flat discount, bringing down the price to Rs. 29,999. Alongside, customers also get five percent unlimited cashback while using Flipkart Axis Bank credit cards. The Indian e-commerce platform is offering up to Rs. 13,000 as exchange bonus on old smartphones.
Buy now at: Rs. 29,999 (Rs. 39,900)
Motorola Edge 20 Fusion
Motorola Edge 20 Fusion’s base 6GB + 128GB storage variant is being offered at Rs. 20,499. Flipkart is offering up to Rs 13,000 as exchange bonus to its customers. Furthermore, customers can also avail a five percent unlimited cashback while using Flipkart Axis Bank credit card.
Buy now at: Rs. 20,499 (MRP Rs. 21,999)
Agricultural and processed food products exports rose 23 per cent to $19.7 million during April-January 2021-22 against the corresponding period of last year, according to commerce ministry’s data.
The exports had stood at $15.97 million during April-January period of 2020-21.
Rice export was the top forex earner at $7.7 million during the period under review, it said. Shipments of wheat increased to $1.74 million during the period.
Meat, dairy and poultry products exports grew over 13 per cent to $3.40 million during the ten-month period of the current fiscal year, the commerce ministry data said, adding fruits and vegetables outbound shipments were up 16 per cent to $1.20 million.
“We continue to focus on creating infrastructure for boosting exports by focusing on clusters in collaboration with state governments while taking into consideration the objective of Agriculture Export Policy, 2018,” chairman of agricultural and processed food products export development authority (APEDA), M Angamuthu, said.
Indian Student Dies In Ukraine’s Vinnytsia Due To Illness
An Indian student has died in Ukraine while being treated in hospital for an illness.
Chandan Jindal, 21, had been studying in Ukraine’s Vinnytsia for four years. He was from Punjab’s Burnala.
He fell ill on February 2 and had a surgery. On February 7, his father Shishan Kumar and uncle Krishna Kumar travelled to Ukraine to be with him.
Chandan died yesterday, according to officials.
Yesterday, a student had been killed in Russian shelling in Kharkiv, Ukraine’s second largest city.
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The computer servers of the Polish government and the national system for payment clearing have experienced more cyberattacks in recent days, a government official in charge of cybersecurity said on Friday.
Janusz Cieszynski, speaking on Polish public radio, said authorities had not yet identified the source of the attacks, which come as Russia presses a full-scale invasion of Ukraine, Poland’s eastern neighbour.
Ukraine has also suffered a series of cyberattacks in recent weeks that Kyiv has blamed on Russia. Moscow has repeatedly denied any involvement in the attacks.
“The website of the (Polish) national clearing system and servers dedicated to the government email network have been attacked,” Cieszynski said. “The attacks are being monitored. It’s too early to assign authorship of these attacks.” Separately, the chief executive of Poland’s top power utility PGE SA, Wojciech Dabrowski, told the broadcaster that his company’s IT networks had also been attacked, but added that they remained safe and that supply of heat and power had not been interrupted.
Poland on Monday increased its cybersecurity alert level obliging operators of critical infrastructure to closely monitor their systems.
Western governments and many companies are on heightened alert for cyberattacks after the announcement of sweeping economic sanctions on Russia, whose forces on Friday were pounding Ukrainian cities including the capital Kyiv.
India’s largest oil firm Indian Oil Corporation (IOC) will set up ‘green hydrogen’ plants at its Mathura and Panipat refineries by 2024 to replace carbon-emitting units as it sees the just announced green hydrogen policy as a watershed moment in the country’s energy transition that will help cut costs.
SSV Ramakumar, director for research and development at IOC, says the new policy will help cut the cost of manufacturing green hydrogen by 40-50 per cent.
“This (policy) is the single biggest enabler by the state for production of green hydrogen,” he said.
Oil refineries, fertiliser plants and steel units use hydrogen as process fuel to produce finished products.
In refineries, hydrogen is used to remove excess sulphur from petrol and diesel. This hydrogen presently is produced from fossil fuels such as natural gas or naphtha and results in carbon emissions.
IOC plans to replace this ‘grey hydrogen’ with ‘green hydrogen’ — also referred to as ‘clean hydrogen’ — by using electricity from renewable energy sources, such as solar or wind power, to split water into two hydrogen atoms and one oxygen atom through a process called electrolysis.
“The headline cost of renewable electricity at Rs 2 per kWh (or per unit) is actually the price at the generation site (say solar farm in Rajasthan or Ladakh). This becomes Rs 4 to 7 per unit after adding different levies during its transit through transmission lines in different states,” he said.
At a factory-gate cost of Rs 4 to 7 per unit, green hydrogen production costs come to Rs 500 per kg. This cost compares with the current grey hydrogen cost of Rs 150 per kg.
Under the green hydrogen policy announced on February 17, the renewable energy used for green hydrogen production will get open access without central surcharge and zero inter-state transmission charges for 25 years for projects commissioned before June 30, 2025.
“This will essentially bring the cost of green hydrogen production down by 40 to 50 per cent,” he said.
The cost will go down further if electrolyzers, used to split water into two hydrogen atoms and one oxygen atom, are indigenously manufactured instead of the present practice of importing them, he pointed out.
IOC plans to set up a 40 MW electrolyzer at Mathura refinery and a 15 MW unit at Panipat unit in Haryana, he said, adding the firm is targeting to produce 70,000 tonnes a year of green hydrogen by 2030, accounting for 10 per cent of its overall consumption by that time.
The government on February 17 announced the first stage of policies to encourage green hydrogen and ammonia development in the country, with plans to reach 5 million tonnes per annum of output by 2030.
The Kremlin said Tuesday the pullback of some Russian forces from Ukraine’s borders was planned but stressed Russia would continue to move troops across the country as it saw fit.
“We have always said that after the exercises are over…troops would return to their permanent bases. There’s nothing new here. This is a usual process,” Kremlin spokesman Dmitry Peskov told reporters.
Earlier Tuesday, Russia said it was pulling back some of its forces near the Ukrainian border to their bases, in what would be the first major step towards de-escalation in weeks of crisis with the West.
The move came amid an intense diplomatic effort to avert a feared Russian invasion of its pro-Western neighbour, possibly this week, and after Moscow amassed more than 100,000 troops near Ukraine’s borders.
Speaking with reporters Tuesday, Peskov rejected Western claims that Russia was planning to attack Ukraine.
“This is nothing but a totally unprecedented campaign to provoke tensions,” he said.
Peskov took particular issue with moves by a number of Western countries, including the United States and Canada, to relocate their embassies away from the Ukrainian capital Kyiv.
“This is some sort of ostentatious hysteria, which of course is not based on anything,” he said.
Instead of ramping up tensions, Russia and the West should discuss each other’s security concerns in earnest, he added.
“This is what President Putin is proposing. This is what President Putin wants,” Peskov said.
On Monday, Russian Foreign Minister Sergei Lavrov told Putin he saw a “chance” to continue security talks with the West.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)