Category Archives: News and Politics

Doug Engelbart, inventor of the mouse dies

Doug Engelbart, the inventor of the computer mouse has died at the age of 88. He was also involved in the development of email, word processing programs and the Internet.

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Engelbart was a committed, vocal proponent of the development and use of computers and computer networks to help cope with the world’s increasingly urgent and complex problems.

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The first mouse developed by Doug Engelbart


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Iranian scientist invents time machine!

Iran may possibly be the home to the world’s first time machine, if an Iranian scientist is to be believed. According to a news article posted on The Telegraph, an Iranian scientist has registered a device called “The Aryayek Time Traveling Machine” with the Center for Strategic Inventions. This machine reportedly allows users to peek up to 8 years in the future.

The 27-year-old inventor Ali Razeghi states that his time machine is very compact and can fit in a briefcase. It also doesn’t work in the conventional ways a time machine is imagined to work. Instead it makes its predictions based on the touch of the user.

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Just by touching the time machine device, it will make a reading 5 to 8 years into that person’s future, providing a print out of the data with 98-percent accuracy. Ali Razeghi has 179 other “inventions” to his credit, and says this has been a work-in-progress since he was 10-years-old.

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Razeghi has said: “Naturally a government that can see five years into the future would be able to prepare itself for challenges that might destabilise it. As such we expect to market this invention among states as well as individuals once we reach a mass production stage.” The reason for why it has not been revealed yet? The inventor says China will steal it.

Note: This looks like an April Fool’s joke that came 10 days late :)

Source: http://www.telegraph.co.uk/news/worldnews/middleeast/iran/9985757/Iranian-scientist-claims-to-have-invented-time-machine.html


NEFT fees halved for amounts less than Rs. 10,000

The Reserve Bank of India has decreased the NEFT fees for remittances up to Rs.10,000 from Rs.5 Rs.2.5. This means that from now on if you make NEFT transfers for amounts less than Rs.10,000, you will be charged only Rs.2.5.

The NEFT system was introduced in 2005 and ever since it has seen exponential growth, particularly in recent years. It is popular both with individual customers and businesses. Despite its popularity, many banks continue to charge the maximum permissible charges to their customers.

The reserve Bank of India has decided to reduce the fees to incentivize greater use of NEFT in place of paper based processes such as checks and demand drafts. Paper-based processes are not only time consuming but also have an environmental impact.

For transactions above Rs.1 lakh, banks can charge Rs.5 and Rs.25 for amounts above 25 lakhs.

The finance industry has already issued notices to banks to decrease charges for providing online banking services in addition to core banking services.