India's Current Account deficit falls to 1.2% of GDP

The current account deficit of India narrowed sharply to 1.2% of GDP in the second quarter. Last year during the same period it was 4.9% of the GDP and 5% five years ago.

Current account fall is a breather for the ailing economy and its prime threat was the scaling current account deficit. Government had identified the cause of this increase in deficit. It was the increase of Gold imports to the country and the spend on oil purchase that contributed to the deficit ballooning.

For curbing the import of Gold Government imposed a 20% import duty on gold along with some other restrictions. The moves have obviously paid off as the import of gold in the second quarter dropped to $3.9 billion as compared to the $16.4 billion last year. When the  merchandise export increased by 12% to $81.2 billion, imports dropped 4% to $114.5 billion.

The Government is hoping to keep the current account deficit for the financial year at $60 billion. The capital inflows to fund the deficit however remained low.

Source : Live Mint

Meadow Walker's touching facebook post after her dad Paul's tragic death

This post on the Facebook page of Meadow walker about her dad Paul walker is heart breaking. Meadow is obviously shattered by the untimely demise of her beloved father Paul. She reportedly had witnessed the scene of the accident as she too was there at the Reachout world wide event for raising money for Indonesian Typhoon victims.

Here is her Facebook post where she shares her memories with her dad along with a childhood photograph.

After Van Damme Epic split it is Jenko's split that goes viral

The is a comic version of the Van Damme's epic split, where he is seen stretching full between two reversing Volvo truck. Now is the turn of Jenko trying to repeat the feat. Here in this video we see Jenko attempting a split. See how well he does it in this video after the break. We have added both the videos for you to compare.

Video: Amazon Testing Unmanned Aerial Delivery System, Amazon Prime Air

Amazon today released a video that shows them deliver a packet through an unmanned drone vehicle. This is a part of Amazon's continuing effort to increase efficiency and speed in delivery of the ordered items. Amazon Prime Air is still a concept, once realized can deliver goods within 30 mins of ordering. Prime air uses a robotic craft that flies carrying along with it the merchandise.



In the video it shows a man ordering something through Amazon Air Prime. Then it shows the Amazon ware house where the merchandise is seen air lifted and then delivered to the destination. The concept is novice but there are more than few hurdles to cross. Besides that several approvals are needed and may take few years before we really see goods delivered to us through this tiny flying robots.

PowerUp 3.0 is a paper plane that really flies controlled by a smartphone

This little gadget from power up helps a paper plane fly according to your wishes. You can control the flight using an app installed in your smartphone. This gadget basically has three essential parts;  a tail portion where you can find the propeller and flap to change direction, a front part where you can find the hardware that receives signal and process them, and last not the least an app in your smartphone. Maneuvering is done by tilting the phone left or right. The plane flies to a 180 feet or 55 meters range.

The power to this device comes from a re-chargeable 1,000 mAH Lithium-ion battery. The battery on full charge offers 10 minutes of flight. It can be charged from USB. PowerUp 3.0 uses blue tooth low energy technology to communicate between the plane and smart phone.

Initial pledge for the device at Kickstarter was for $50,000, which it already have covered. Now while this post is published the tally stands at $318,067 from 5790 backers and it's counting with 54 more day left.Since they have received more than $150,000 Power Up have created apps for Android 4.3 and iOS devices. Backers who pledge $30 or more are eligible to receive a PowerUp 3.0 smart module. This, however, does not include Paper and charger. Pledge $75 or more for a complete package.

The hardware is made of crash proof materials. The stem is made of carbon fiber frame and there is a crash proof bumper in the front for additional protection. Other feature of this toys includes automatic thrust to assist when banking and  precision control for easy flying.

Power Up at Kickstarter

The boy in the billboard follows the flying air plane

The boy in this British Airways billboard Ad actually follow the plane flying over head as if he is watching it fly past. Watch it

More Than 100 People Feared To Be Dead In Sabarimala Stampede

Pathanamthitta: In a most unfortunate incident of recent times more than 100 pilgrims are believed to have lost their lives. Almost equal number of people are expected to be severely injury. Though the exact cause that led to the stampede is yet to be confirmed, rumors indicate that the events started when a jeep carrying pilgrims rushed into pilgrims returning from the Sabarimala creating a panic wave. Sabarimala is one of the popular shrines in Southern India visited by millions every year. Today being the most auspicious day of the year at shrine, thousands of people had gathered the place to witness the Makarajyothi.

The incident happened at 8:15 PM and the rescue operations are still in the low pace since the officials are finding it difficult to reach the accident spot for more than one reason. The roads leading to the accident spot is entirely blocked by the vehicles and pilgrims returning from the spot. The place being a remote forest area makes the rescue operation a great deal of challenge. The complication is more as it is dark and the weather is unfavorable at the place. All arrangements are done at nearby hospital to treat the injured.

Top Police officials including the Director General of Police and Inspector General of Police are on their way to the place. Though many people are willing to volunteer the rescue operation, reach is very limited.