President Ram NathKovind has said that the benefits of
scientific research will make the best impact only when it reach the
less-privileged institutions, the youth, women and socio-economically weaker
Addressing the National Science Day celebrations in New Delhi
today, Mr Kovind called on people to resolve to enhance quality and relevance of
the scientific enterprise in the country. He said, science must work for the
people by contributing to their development and well-being.
From ancient times to the medieval era and then the modern
period, India has been home to exceptional minds who have pushed the frontiers
of human knowledge.
Speaking about the theme of this year's National Science Day
which is 'Women in Science', Mr Kovind said, in order to encourage women to take
to higher studies in science, he has substantially enhanced the representation
of women in central universities as visitor’s nominee.
He said, the step is taken to create a favourable environment of
higher studies and employment in faculty positions for women. The President
said, during his recent visit to Sriharikota Range of Indian Space Research
Organisation he came across a woman scientist so dedicated to the Chandrayaan
project that she left her six month old son with her parents and joined the
Global markets went into a tailspin on Friday as investors
stampeded out of stocks and commodities and flocked to the relative safety
of government bonds, prompted by fears of a global recession due to the
spread of the coronavirus.
Reflecting the turmoil in the stock markets, the rupee hit a
six-month low against the dollar, at ₹72.27, before recovering marginally to
close at ₹72.21.
U.S. markets appeared set to experience their worst week since
the 2008 global financial crisis. The broad-based S&P 500 index was down 4% in
early trade on Friday and is now down almost 15% since its all-time high set
just six trading sessions back.
Yields on U.S. Treasury bills fell sharply as investors embraced
its relative safety over stocks. The bond markets displayed an inverted yield
curve where short-term bills yield more than long-term ones, signifying
nervousness over economic prospects.
Oil prices experienced their worst week since 2016, with the
prices of the benchmark Brent crude falling to as low as $50.51 a barrel.
Elsewhere in the commodity markets, metal prices fell by up to 6%.
Global borrowings benchmark Libor experienced its worst
single-day drop in a decade, falling to 1.46275%, as the markets raised their
bets on accelerated rate cuts in the U.S. as a response to the economic turmoil.