The Times of India

Telugu News

Wednesday, March 17, 2010

IMF pegs India's growth at 8%

The International Monetary Fund expects the Indian economy to grow by 8 per cent during 2010-11, though high inflation and rising fiscal deficit would continue to remain areas of concern.

"With India's long-term prospects remaining strong and private sector balance sheets sound, we expect growth to be back at potential in 2010-11 even if advance economies grow below trend," IMF said in its latest paper issued after consultation with Indian authorities.

The IMF, however, forecasts a moderately lower growth rate for the 2011-12 fiscal at 7.7 per cent.

For the current fiscal, the IMF said the economy would grow by 6.7 per cent, much lower than the 7.2 per cent projected by the Central Statistical Organisation.

The major areas of concern, according to IMF, are the rising inflation and high fiscal deficit.

"On the downside, the main risks are elevated inflation and financing constraints. . . arising from the fiscal deficit, which could stall the recovery," the paper said.

Wholesale price inflation was at 9.89 per cent in February, much higher than the Reserve Bank's March-end projection of 8.5 per cent.

Besides, IMF added, the other risks include asset price bubble and the possibility of a sudden stoppage of foreign capital inflows caused by turmoil in global financial markets.

In the Economic Survey, finance minister Pranab Mukherjee projected gross domestic product growth of up to 8.75 per cent next fiscal, driven mainly by robust domestic demand and recovery in the global economy.
 

UK jobless rate drops to 7.8%

The unemployment rate in the UK dropped to 7.8 per cent in the three months to January 2010, the first quarterly fall in nearly two years.

Indicating that the country's labour market is slowly stabilising, the jobless rate slipped 0.1 per cent to 7.8 per cent while the for the three months ended January, data from the UK Office for National Statistics showed.

"This was the first quarterly fall in the unemployment rate since the three months to May 2008.

"The number of unemployed people fell by 33,000 over the quarter to reach 2.45 million," the agency said.

Meanwhile, the count of people seeking jobless benefits between January and February, dropped the maximum since November 1997, it said.

The number of individuals claiming unemployment benefits declined by 32,300 to 1.59 million.

"This is the largest monthly fall in the claimant count since November 1997," the statement noted.

Battered by the financial turmoil, the UK had witnessed millions of job losses, as many companies resorted to layoffs to cut down costs.

"The number of people unemployed for more than 12 months increased by 61,000 over the quarter (November to January) to reach 687,000," it added. For the quarter under review, the count of employed people stood at 28.86 million.

Recession: Employees stick to stable jobs

With recession altering the way people view their careers, more employees are now preferring to stick to a single job, which offers security, amid a perceived dearth of job opportunities, says a global survey.

According to the biennial survey by professional services firm Towers Watson, recession has fundamentally altered the way US employees view their work and leaders today.

"As many as eight out of 10 respondents want to settle into a job, with roughly half saying they want to work for a single company their entire career and the rest wanting to work for no more than two to three companies," the survey said.

Employees also appear willing to sacrifice career advancement to maintain what job stability they have been able to hang on to through the recession. "This move toward workplace 'nesting' is no doubt influenced by a perceived dearth of job opportunities, coupled with US employees' lower appetite for the risks inherent in changing jobs," it added.

In a sign of employees' intense focus on job security, when respondents were asked about the factors most important in a preferred work situation, more chose a "secure and stable position" (86 per cent) than "substantially higher levels of compensation" (74 per cent). The survey included responses from more than 20,000 employees in 22 markets around the world to gauge their views on the changing nature of the employment deal.

Despite obstacles in career advancement and erosion of many of the benefits fundamental to the traditional and highly paternalistic deal, 81 per cent of respondents said they were not actively looking for other jobs, the survey added.

"The recession has clearly prompted many employees to rethink their priorities and focus on long-term commitment to their employer in return for some semblance of job security. Despite elimination of many programs, from bonuses to training, traditionally used as retention tools," Towers Watson Talent & Rewards business leader Laura Sejen said.

Besides, more than half (56 per cent) of the US workforce expects little change in the job market over the next year, and over a quarter (28 per cent) anticipate continued deterioration in the employment picture, it added.

Sugar made from solar energy !

In what could be claimed a major breakthrough, scientists have produced sugar from solar energy, using plant, bacterial, frog and fungal enzymes.

A team at Cincinnati University has focused its work on making an artificial photosynthetic material, which uses plant, frog, fungal enzymes and bacterial, trapped within a foam housing, to make sugar from sunlight and carbon dioxide.

According to the scientists, foam was chosen because it can effectively concentrate the reactants but allow very good light and air penetration.

The design was based on the foam nests of a semi-tropical frog called the Tungara frog, which creates very long-lived foams for its developing tadpoles.

"The advantage for our system compared to plants and algae is that all of the captured solar energy is converted to sugars, whereas these organisms must divert a great deal of energy to other functions to maintain life and reproduce.

"Our foam also uses no soil, so food production would not be interrupted, and it can be used in highly enriched carbon dioxide environments, like exhaust from coal-burning power plants, unlike many natural photosynthetic systems.

"In natural plant systems, too much carbon dioxide shuts down photosynthesis, but ours does not have this limitation due to the bacterial-based photo-capture strategy," Professor David Wendell, who led the team, said.

There are many benefits to being able to create a plant-like foam. "You can convert the sugars into many different things, including ethanol and other biofuels. And it removes carbon dioxide from the air, but maintains current arable land for food production," Wendell said.

Added team member Dean Montemagno: "This technology establishes an economical way of harnessing the physiology of living systems by creating a new generation of functional materials that intrinsically incorporates life processes into its structure.

"Specifically in this work it presents a new pathway of harvesting solar energy to produce either oil or food with efficiencies that exceed other biosolar production methods. More broadly it establishes a mechanism for incorporating the functionality found in living systems into systems that we engineer and build."

Thursday, March 11, 2010

Highly Absorbing, Flexible Solar Cells With Silicon Wire Arrays Created

 
Using arrays of long, thin silicon wires embedded in a polymer substrate, a team of scientists from the California Institute of Technology (Caltech) has created a new type of flexible solar cell that enhances the absorption of sunlight and efficiently converts its photons into electrons. The solar cell does all this using only a fraction of the expensive semiconductor materials required by conventional solar cells.
 

"These solar cells have, for the first time, surpassed the conventional light-trapping limit for absorbing materials," says Harry Atwater, Howard Hughes Professor, professor of applied physics and materials science, and director of Caltech's Resnick Institute, which focuses on sustainability research.

The light-trapping limit of a material refers to how much sunlight it is able to absorb. The silicon-wire arrays absorb up to 96 percent of incident sunlight at a single wavelength and 85 percent of total collectible sunlight. "We've surpassed previous optical microstructures developed to trap light," he says.

Atwater and his colleagues -- including Nathan Lewis, the George L. Argyros Professor and professor of chemistry at Caltech, and graduate student Michael Kelzenberg -- assessed the performance of these arrays in a paper appearing in the February 14 advance online edition of the journal Nature Materials.

Atwater notes that the solar cells' enhanced absorption is "useful absorption."

"Many materials can absorb light quite well but not generate electricity -- like, for instance, black paint," he explains. "What's most important in a solar cell is whether that absorption leads to the creation of charge carriers."

The silicon wire arrays created by Atwater and his colleagues are able to convert between 90 and 100 percent of the photons they absorb into electrons -- in technical terms, the wires have a near-perfect internal quantum efficiency. "High absorption plus good conversion makes for a high-quality solar cell," says Atwater. "It's an important advance."

The key to the success of these solar cells is their silicon wires, each of which, says Atwater, "is independently a high-efficiency, high-quality solar cell." When brought together in an array, however, they're even more effective, because they interact to increase the cell's ability to absorb light.

"Light comes into each wire, and a portion is absorbed and another portion scatters. The collective scattering interactions between the wires makes the array very absorbing," he says.

This effect occurs despite the sparseness of the wires in the array -- they cover only between 2 and 10 percent of the cell's surface area.

"When we first considered silicon wire-array solar cells, we assumed that sunlight would be wasted on the space between wires," explains Kelzenberg. "So our initial plan was to grow the wires as close together as possible. But when we started quantifying their absorption, we realized that more light could be absorbed than predicted by the wire-packing fraction alone. By developing light-trapping techniques for relatively sparse wire arrays, not only did we achieve suitable absorption, we also demonstrated effective optical concentration -- an exciting prospect for further enhancing the efficiency of silicon-wire-array solar cells."

Each wire measures between 30 and 100 microns in length and only 1 micron in diameter. "The entire thickness of the array is the length of the wire," notes Atwater. "But in terms of area or volume, just 2 percent of it is silicon, and 98 percent is polymer."

In other words, while these arrays have the thickness of a conventional crystalline solar cell, their volume is equivalent to that of a two-micron-thick film.

Since the silicon material is an expensive component of a conventional solar cell, a cell that requires just one-fiftieth of the amount of this semiconductor will be much cheaper to produce.

The composite nature of these solar cells, Atwater adds, means that they are also flexible. "Having these be complete flexible sheets of material ends up being important," he says, "because flexible thin films can be manufactured in a roll-to-roll process, an inherently lower-cost process than one that involves brittle wafers, like those used to make conventional solar cells."

Atwater, Lewis, and their colleagues had earlier demonstrated that it was possible to create these innovative solar cells. "They were visually striking," says Atwater. "But it wasn't until now that we could show that they are both highly efficient at carrier collection and highly absorbing."

The next steps, Atwater says, are to increase the operating voltage and the overall size of the solar cell. "The structures we've made are square centimeters in size," he explains. "We're now scaling up to make cells that will be hundreds of square centimeters -- the size of a normal cell."

Atwater says that the team is already "on its way" to showing that large-area cells work just as well as these smaller versions.

Their research was supported by BP and the Energy Frontier Research Center program of the Department of Energy, and made use of facilities supported by the Center for Science and Engineering of Materials, a National Science Foundation Materials Research Science and Engineering Center at Caltech. In addition, Boettcher received fellowship support from the Kavli Neuroscience Institute at Caltech.

Indian workforce is most mobile in world

Indian workfore is the 'most mobile' in the world followed by Mexio, China and Turkey, a survey by a leading human resource service provider said on Thursday.

India's mobility index is 140, the highet in the world, showing that Indians are most open about shifting their jobs in the next six months, the Ma Foi Ranstad Work Monitor, a quarterly review of "mental mobility status" of employees of their rediness to change jobs, by Ma Foi Randstad said.

The lowest mobility rates were accounted by Luxembourg, Italy and Hungary, the company said announcing the results in a release.

As part of the survey, the state of mind of about 3,000 workers was studied in 23 countries across five continents during January-February 2010, compared amongst countries and finally presented in the form of an index.

Some of the key insights of the survey were mobility index, factual job changes, trust in market conditions, fear of job loss, readiness of new job, satisfaction level and personal motivation.

Employees in Bangalore were the most mobile in India.

 

SBI gets Chinese Govt nod to lend in Yuan

India's largest lender, State Bank of India has received the permission from the Chinese Government to lend in the local currency -Yuan, a top official said on Thursday.

SBI is the first Indian bank to receive this permission from the Chinese authorities, who are traditionally conservative in allowing foreign banks to do business in the local currency.

SBI expects to start lending operations in Yuan from March 15, SBI Deputy General Manager, Overseas Expansion and Planning, Naresh Malhotra said.

"We have got the approval from the Chinese Government to lend in Yuan. With this, our Chinese operations are getting into a different level as we were dealing in mainly US Dollar so far," Malhotra said.

State Bank has one full fledged branch in Shanghai and a representative office in Tianjin. The bank is planning to open a branch in Guangzhou and upgrade the Tianjin repo office to a branch in due course, Malhotra said.

With a view to support its business growth in the region, SBI has so far invested around $45-million in China, he said.

The bank would mainly target the Indian firms, which have operations in China and were relying on Chinese banks to secure Yuan loans, Malhotra said.

"This is a big business opportunity for us as these Indian firms (who have operations in China) will now approach us to secure the necessary funds. This will certainly give a push to our business growth there," Malhotra said.

Presently, SBI has 142 oulets abroad, which include over 64 branches under five subsidiaries. These subsidiaries are Indonesia (6 branches), Mauritius (12 branches), Nepal (32 branches), California (7 branches) and Canada (7 branches).

SBI currently derives around 13-14 per cent of its total revenues from overseas operations and has targeted to take it to 20 per cent over the next few years, Malhotra said.

SBI Chairman O P Bhatt had said on Wednesday that the bank plans to launch a string of retail products in its Canada, UK branches, which, the lender has already experimented successfully in Singapore.

Earlier, Bhatt had said that the bank also have plans to change its UK centre as a major hub for its European business.

Tuesday, March 9, 2010

Lava Likely Made River-Like Channel on Mars

 
Flowing lava can carve or build paths very much like the riverbeds and canyons etched by water, and this probably explains at least one of the meandering channels on the surface of Mars. These results were presented on March 4, 2010 at the 41st Lunar and Planetary Science Conference by Jacob Bleacher at NASA's Goddard Space Flight Center, Greenbelt, Md. Whether channels on Mars were formed by water or by lava has been debated for years, and the outcome is thought to influence the likelihood of finding life there.
 

"To understand if life, as we know it, ever existed on Mars, we need to understand where water is or was," says Bleacher. Geologists think that the water currently on the surface of Mars is either held in the soil or takes the form of ice at the planet's north and south poles. But some researchers contend that water flowed or pooled on the surface sometime in the past; water in this form is thought to increase the chance of some form of past or present life.

One of the lines of support for the idea that water once flowed on Mars comes from images that reveal details resembling the erosion of soil by water: terracing of channel walls, formation of small islands in a channel, hanging channels that dead-end and braided channels that branch off and then reconnect to the main branch. "These are thought to be clear evidence of fluvial [water-based] erosion on Mars," Bleacher says.

Lava is generally not thought to be able to create such finely crafted features. Instead, "the common image is of the big, open channels in Hawaii," he explains.

Bleacher and his colleagues carried out a careful study of a single channel on the southwest flank of Mars' Ascraeus Mons volcano, one of the three clustered volcanoes collectively called the Tharsis Montes. To piece together images covering more than 270 kilometers (~168 miles) of this channel, the team relied on high-resolution pictures from three cameras -- the Thermal Emission Imaging System (THEMIS), the Context Imager (CTX) and the High/Super Resolution Stereo Color (HRSC) imager -- as well as earlier data from the Mars Orbiter Laser Altimeter (MOLA). These data gave a much more detailed view of the surface than previously available.

Because the fluid that formed this and other Ascraeus Mons channels is long-gone, its identity has been hard to deduce, but the visual clues at the source of the channel seem to point to water. These clues include small islands, secondary channels that branch off and rejoin the main one and eroded bars on the insides of the curves of the channels.

But at the channel's other end, an area not clearly seen before, Bleacher and colleagues found a ridge that appears to have lava flows coming out of it. In some areas, "the channel is actually roofed over, as if it were a lava tube, and lined up along this, we see several rootless vents," or openings where lava is forced out of the tube and creates small structures, he explains. These types of features don't form in water-carved channels, he notes. Bleacher argues that having one end of the channel formed by water and the other end by lava is an "exotic" combination. More likely, he thinks, the entire channel was formed by lava.

To find out what kinds of features lava can produce, Bleacher, along with W. Brent Garry and Jim Zimbelman at the Smithsonian Institution in Washington, examined the 51-kilometer (~32 mile) lava flow from the 1859 eruption of Mauna Loa on the Big Island of Hawaii. Their main focus was an island nearly a kilometer long in the middle of the channel; Bleacher says this is much larger than islands typically identified within lava flows. To survey the island, the team used differential GPS, which provides location information to within about 3 to 5 centimeters (1.1 to 1.9 inches), rather than the roughly 3 to 5 meters (9.8 to 16.4 feet) that a car's GPS can offer.

"We found terraced walls on the insides of these channels, channels that go out and just disappear, channels that cut back into the main one, and vertical walls 9 meters (~29 feet) high," Bleacher says. "So, right here, in something that we know was formed only by flowing lava, we found most of the features that were considered to be diagnostic of water-carved channels on Mars."

The new results make "a strong case that fluid lava can produce channels that look very much like water-generated features," says Zimbelman. "So, we should not jump to a water-related conclusion when we see such channels on other planets, particularly in volcanic terrain such as that around the Tharsis Montes volcanoes."

Further evidence that such features could be created by lava flows came from the examination of a detailed image of channels from the Mare Imbrium, a dark patch on the moon that is actually a large crater filled with ancient lava rock. In this image, too, the researchers found channels with terraced walls and branching secondary channels.

The conclusion that lava probably made the channel on Mars "not only has implications for the geological evolution of the Ascraeus Mons but also the whole Tharsis Bulge [volcanic region]," says Andy de Wet, a co-author at Franklin & Marshall College, Lancaster, Penn. "It may also have some implications for the supposed widespread involvement of water in the geological evolution of Mars."

Bleacher notes that the team's conclusions do not rule out the possibility of flowing water on Mars, nor of the existence of other channels carved by water. "But one thing I've learned is not to underestimate the way that liquid rock will flow," he says. "It really can produce a lot of things that we might not think it would."

NASA's Fermi Probes 'Dragons' of the Gamma-Ray Sky

 
One of the pleasures of perusing ancient maps is locating regions so poorly explored that mapmakers warned of dragons and sea monsters. Now, astronomers using NASA's Fermi Gamma-ray Space Telescope find themselves in the same situation as cartographers of old. A new study of the ever-present fog of gamma rays from sources outside our galaxy shows that less than a third of the emission arises from what astronomers once considered the most likely suspects -- black-hole-powered jets from active galaxies.
 

"Active galaxies can explain less than 30 percent of the extragalactic gamma-ray background Fermi sees," said Marco Ajello, an astrophysicist at the Kavli Institute for Particle Astrophysics and Cosmology (KIPAC), jointly located at SLAC National Accelerator Laboratory and Stanford University, Calif. "That leaves a lot of room for scientific discovery as we puzzle out what else may be responsible."

Ajello presented his findings at a meeting of the American Astronomical Society's High-Energy Astrophysics Division in Waikoloa, Hawaii.

The sky glows in gamma rays even far away from bright sources, such as pulsars and gas clouds within our own Milky Way galaxy or the most luminous active galaxies. According to the conventional explanation, this background glow represents the accumulated emission of a vast number of active galaxies that are simply too faint and too distant to be resolved as discrete gamma-ray sources.

"Thanks to Fermi, we now know for certain that this is not the case," Ajello said. A paper on the findings has been submitted to The Astrophysical Journal.

Active galaxies possess central black holes containing millions to billions of times the sun's mass. As matter falls toward the black hole, some of it becomes redirected into jets of particles traveling near the speed of light.

These particles can produce gamma rays in two different ways. When one strikes a photon of visible or infrared light, the photon can gain energy and become a gamma ray. If one of the jet's particles strikes the nucleus of a gas atom, the collision can briefly create a particle called a pion, which then rapidly decays into a pair of gamma rays.

Launched on June 11, 2008, the Fermi Gamma-ray Space Telescope is continually mapping the gamma-ray sky. The mission is a partnership between astrophysics and particle physics, developed in collaboration with NASA and the U.S. Department of Energy and including important contributions from academic institutions and partners in France, Germany, Italy, Japan, Sweden, and the U.S.

The team analyzed data acquired by Fermi's Large Area Telescope (LAT) during the observatory's initial year in space. The first challenge was eliminating emissions from our own galaxy.

"The extragalactic background is very faint, and it's easily confused with the bright emission from the Milky Way," said Markus Ackermann, another member of the Fermi LAT team at KIPAC who led the measurement study. "We have done a very careful job in separating the two components to determine the background's absolute level."

Ajello and his colleagues then compared emissions from active galaxies that Fermi detected directly against the number needed to produce the observed extragalactic background. Between energies of 0.1 and 100 billion electron volts (GeV) -- or from about 100 million to 30 billion times the energy of visible light -- active galaxies turn out to be only minor players.

So, what else may contribute to the extragalactic gamma-ray background? "Particle acceleration occurring in normal star-forming galaxies is a strong contender," Ackermann explained. "So is particle acceleration during the final assembly of the large-scale structure we observe today, for example, where clusters of galaxies are merging together."

And there's always dark matter, the mysterious substance that neither produces nor obscures light but whose gravity corrals normal matter. "Dark matter may be a type of as-yet-unknown subatomic particle. If that's true, dark matter particles may interact with each other in a way that produces gamma rays," Ajello added.

Improved analysis and extra sky exposure will enable the Fermi team to address these potential contributions. For now, though, the best that can be said about the extragalactic gamma-ray background is: Here, there be dragons.

Carbon Emissions 'Outsourced' to Developing Countries

 
A new study by scientists at the Carnegie Institution finds that over a third of carbon dioxide emissions associated with consumption of goods and services in many developed countries are actually emitted outside their borders. Some countries, such as Switzerland, "outsource" over half of their carbon dioxide emissions, primarily to developing countries. The study finds that, per person, about 2.5 tons of carbon dioxide are consumed in the U.S. but produced somewhere else. For Europeans, the figure can exceed four tons per person. Most of these emissions are outsourced to developing countries, especially China.
 

"Instead of looking at carbon dioxide emissions only in terms of what is released inside our borders, we also looked at the amount of carbon dioxide released during the production of the things that we consume," says co-author Ken Caldeira, a researcher in the Carnegie Institution's Department of Global Ecology.

Caldeira and lead author Steven Davis, also at Carnegie, used published trade data from 2004 to create a global model of the flow of products across 57 industry sectors and 113 countries or regions. By allocating carbon emissions to particular products and sources, the researchers were able to calculate the net emissions "imported" or "exported" by specific countries.

"Just like the electricity that you use in your home probably causes CO2 emissions at a coal-burning power plant somewhere else, we found that the products imported by the developed countries of western Europe, Japan, and the United States cause substantial emissions in other countries, especially China," says Davis. "On the flip side, nearly a quarter of the emissions produced in China are ultimately exported."

Over a third of the carbon dioxide emissions linked to good and services consumed in many European countries actually occurred elsewhere, the researchers found. In Switzerland and several other small countries, outsourced emissions exceeded the amount of carbon dioxide emitted within national borders.

The United States is both a major importer and a major exporter of emissions embodied in trade. The net result is that the U.S. outsources about 11% of total consumption-based emissions, primarily to the developing world.

The researchers point out that regional climate policy needs to take into account emissions embodied in trade, not just domestic emissions.

"Our analysis of the carbon dioxide emissions associated with consumption in each country just states the facts," says Caldeira. "This could be taken into consideration when developing emissions targets for these countries, but that's a decision for policy-makers. One implication of emissions outsourcing is that a lot of the consumer products that we think of as being relatively carbon-free may in fact be associated with significant carbon dioxide emissions."

"Where CO2 emissions occur doesn't matter to the climate system," adds Davis. "Effective policy must have global scope. To the extent that constraints on developing countries' emissions are the major impediment to effective international climate policy, allocating responsibility for some portion of these emissions to final consumers elsewhere may represent an opportunity for compromise."

Women Who Drink Moderately Appear to Gain Less Weight Than Nondrinkers

 
Normal-weight women who drink a light to moderate amount of alcohol appear to gain less weight and have a lower risk of becoming overweight and obese than non-drinkers
 

More than half of American adults drink alcoholic beverages, according to background information in the article. Alcohol contains about 7 calories per gram (with approximately 28 grams per ounce) and alcohol drinking may possibly lead to weight gain through an imbalance of energy consumed and energy burned. However, research has not consistently provided evidence that consuming alcohol is a risk factor for obesity.

Lu Wang, M.D., Ph.D., of Brigham and Women's Hospital, Boston, and colleagues studied 19,220 U.S. women age 39 or older who had a body mass index (BMI) in the range classified as normal (18.5 to 25). On an initial questionnaire, participants reported how many alcoholic beverages they typically drank per day. A total of 7,346 (38.2 percent) reported drinking no alcohol; 6,312 (32.8 percent) drank less than 5 grams; 3,865 (20.1 percent) drank 5 to less than 15 grams; 1,129 (5.9 percent) drank 15 to less than 30 grams; and 568 (3 percent) drank 30 grams per day or more.

Over an average of 13 years of follow-up, women on average gained weight progressively. Women who did not drink alcohol at all gained the most weight, with weight gain decreasing as alcohol intake increased. A total of 7,942 (41.3 percent) women who initially had normal weight become overweight or obese (BMI of 25 or higher), including 732 (3.8 percent) who become obese (BMI of 30 or higher). Compared with women who did not drink at all, those who consumed some but less than 40 grams per day of alcohol were less likely to become overweight or obese. Women who drank 15 to less than 30 grams per day had the lowest risk, which was almost 30 percent lower than that of non-drinkers.

"An inverse association between alcohol intake and risk of becoming overweight or obese was noted for all four types of alcoholic beverages [red wine, white wine, beer and liquor], with the strongest association found for red wine and a weak yet significant association for white wine after multivariate adjustment," the authors write.

The authors caution that, given potential medical and psychosocial problems related to drinking alcohol, its beneficial and adverse effects for each individual must be considered before making any recommendation about its use. "Further investigations are warranted to elucidate the role of alcohol intake and alcohol metabolism in energy balance and to identify behavioral, physiological and genetic factors that may modify the alcohol effects," they conclude.

This study was supported by grants from the National Institutes of Health, Bethesda, Md. These grants provided funding for study conduct and data collection.

 

Budget: Just who saves how much tax!

Which segment of Indian citizens has emerged the winner post-Budget 2010?

Reality television shows have become a big part and parcel of Indian television as well as Indian society. Shows where you get to answer questions and become an overnight crorepati (millionaire), there's even one where you just need to say 'deal' or no deal' and could walk away with Rs 50 lakh (Rs 5 million).

To be honest, at times these shows lose the 'real' effect and start looking 'surreal'. One such 'reality show' is the annual financial exercise of the government of India .The one chance for the finance minister to take centrestage: the Union Budget. Like all shows, the Budget too has winners and losers.

Of course, over the last 76 episodes of this show (76 Budgets have been presented since the first one was presented by Shamukham Chetty in 1947), the Budget has become a boring affair for many.

So, here we take a look at the numbers post-Budget 2010 and compare them with the tax laws prevailing in 2009-2010 to see which part of the Indian junta will laugh its way to the bank in 2010-11.

There have been countless discussions on how the Budget is pro-middle-middle class (the repetition of middle is intentional to define a new creed: the people in the Rs 4 lakh to Rs 8 lakh taxable income).

Let's look at actual numbers to see how much you and me stand to save post Budget 2010-11 vis-a-vis 2009-10.

A very simple way to do this is to compare the income tax payable by us for 2009-10 and for 2010-11.

 

Men

Income (Rs)

Tax Payable (Rs)

Saving

Old Slab

New Slab

%

161,000

100

100

0.00%

250,000

 9,000

9,000

0.00%

300,000

14,000

14,000

0.00%

400,000

34,000

24,000

29.41%

450,000

44,000

29,000

34.09%

500,000

54,000

34,000

37.04%

550,000

69,000

44,000

36.23%

600,000

84,000

54,000

35.71%

750,000

129,000

84,000

34.88%

800,000

144,000

94,000

34.72%

850,000

159,000

109,000

31.45%

900,000

174,000

124,000

28.74%

950,000

189,000

139,000

26.46%

1,000,000

204,000

154,000

24.51%

1,050,000

219,000

169,000

22.83%

1,100,000

234,000

184,000

21.37%

1,150,000

249,000

199,000

20.08%

1,200,000

264,000

214,000

18.94%

1,250,000

279,000

229,000

17.92%

1,300,000

294,000

244,000

17.01%

1,350,000

309,000

259,000

16.18%

1,400,000

324,000

274,000

15.43%

1,450,000

339,000

289,000

14.75%

1,500,000

354,000

304,000

14.12%

Women

Senior Citizens

 

Income (Rs)

Tax Payable (Rs)

Saving %

Income (Rs)

Tax Payable (Rs)

Saving

 

Old Slab

New Slab

Old Slab

New Slab

%

191,000

100

100

0.00%

251,000

100

100

0.00%

250,000

6,000

6,000

0.00%

275,000

2,500

2,500

0.00%

300,000

11,000

11,000

0.00%

300,000

5,000

5,000

0.00%

400,000

31,000

21,000

32.26%

400,000

25,000

15,000

40.00%

450,000

41,000

26,000

36.59%

450,000

35,000

20,000

42.86%

500,000

51,000

31,000

39.22%

500,000

45,000

25,000

44.44%

550,000

66,000

41,000

37.88%

550,000

60,000

35,000

41.67%

600,000

81,000

51,000

37.04%

600,000

75,000

45,000

40.00%

750,000

126,000

81,000

35.71%

750,000

120,000

75,000

37.50%

800,000

141,000

91,000

35.46%

800,000

135,000

85,000

37.04%

850,000

156,000

106,000

32.05%

850,000

150,000

100,000

33.33%

900,000

171,000

121,000

29.24%

900,000

165,000

115,000

30.30%

950,000

186,000

136,000

26.88%

950,000

180,000

130,000

27.78%

1,000,000

201,000

151,000

24.88%

1,000,000

195,000

145,000

25.64%

1,050,000

216,000

166,000

23.15%

1,050,000

210,000

160,000

23.81%

1,100,000

231,000

181,000

21.65%

1,100,000

225,000

175,000

22.22%

1,150,000

246,000

196,000

20.33%

1,150,000

240,000

190,000

20.83%

1,200,000

261,000

211,000

19.16%

1,200,000

255,000

 205,000

19.61%

1,250,000

276,000

226,000

18.12%

1,250,000

270,000

220,000

18.52%

1,300,000

291,000

241,000

17.18%

1,300,000

285,000

235,000

17.54%

1,350,000

306,000

256,000

16.34%

1,350,000

300,000

250,000

16.67%

1,400,000

321,000

271,000

15.58%

1,400,000

315,000

265,000

15.87%

1,450,000

336,000

286,000

14.88%

1,450,000

330,000

280,000

15.15%

1,500,000

351,000

301,000

14.25%

1,500,000

345,000

295,000

14.49%