Quantum city blueprint to be unveiled at Bengaluru Tech Summit: Minister Boseraju
Bengaluru (PTI): The blueprint for the proposed Quantum City to be established at Hesaraghatta near here will be officially unveiled on November 19 at the Bengaluru Tech Summit, Karnataka Minister for Science and Technology N S Boseraju said on Tuesday.
He was speaking at the Smart Bio Awards ceremony held at Science Gallery Bengaluru (SGB) as part of the Tech Summit, where he also interacted with several distinguished delegates attending the global event.
Boseraju said the State's Karnataka Quantum Mission (KQM), with an allocation of Rs 1,000 crore, aims to position Karnataka as the "Quantum Capital of Asia," according to a statement issued by the minister's office.
"Karnataka is establishing India's first Quantum City in Bengaluru. The government will present its detailed roadmap at the Bengaluru Tech Summit tomorrow (Wednesday). In addition, the State has requested the Centre to approve a Quantum Materials Innovation Network under India's National Quantum Mission," he added.
Minister Boseraju also highlighted the government's commitment to promoting scientific temper and innovations across the state saying that science centres and planetariums are being established in every district.
Under the Astronomy Access Programme, he said, telescopes have been distributed to schools, giving rural students hands-on exposure to space science.
"The Rs 300-crore 'Bengaluru Science City', being developed with support from the Government of India, is progressing rapidly and will offer immersive, experiment-based learning environments," he said.
The minister also lauded Science Gallery Bengaluru, supported by the Government of Karnataka, for its role in blending science with art and design and attracting more than six lakh visitors since its inception.
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Rupee falls 9 paise to all-time low of 90.58 against US dollar in early trade
Mumbai (PTI): Rupee depreciated 9 paise to an all-time low of 90.58 against US dollar in early trade on Monday, weighed down by uncertainty over an India-US trade deal and persistent foreign fund outflows.
Forex traders said rupee is trading with a negative bias as investors are in wait and watch mode and awaiting cues from the India-US trade deal front.
At the interbank foreign exchange market, the rupee opened at 90.53 against the US dollar, then fell further to an all-time intraday low of 90.58 against the greenback, registering a fall of 9 paise over its previous close.
On Friday, the rupee had slipped 17 paise to close at an all-time low of 90.49 against the American currency.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.05 per cent lower at 98.35.
Brent crude, the global oil benchmark, was trading higher by 0.52 per cent at USD 61.44 per barrel in futures trade.
On the domestic equity market front, the 30-share benchmark index Sensex was trading 298.86 points lower at 84,968.80, while the Nifty was down 121.40 points at 25,925.55.
Foreign Institutional Investors sold equities worth Rs 1,114.22 crore on Friday, according to exchange data.
"FPIs continue to be in selling mode in equity and debt while RBI has been selling dollars to fund their long positions," said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP.
