Exploring space city

Representative image Indian Space Research Organisation (ISRO) chairman S Somanath on October 26 said that the foreign direct investment (FDI) policy for the space sector will be released soon. Somanath, speaking at the inaugural session of the Indian Space Congress, said, "Foreign direct investment opportunities are also being described and that policy will be out soon." In order to encourage more commercial activities and integrate space into India's larger economy, Somanath suggested that the way in which space is viewed needed to change. "The whole approach of looking at space technology has to change. This is precisely what the government looked at while coming up with the space sector reforms... The whole idea of reforms is to look at how the demonstrative capabilities can be monetised and create a scale of economy where the space sector could grow," Somanath explained. Moneycontrol was the first to report that the Indian space sector was seeking 74 percent FDI . … [Read more...] about FDI policy for space sector to be released soon, says ISRO chairman S Somanath

A sunset observatory design concept for Nodeul Island provided by the Seoul Metropolitan Government. [SEOUL METROPOLITAN GOVERNMENT] Seoul city government said it will significantly lift regulatory restrictions, including the floor area ratio and the building-to-land ratio, for creatively designed buildings that become major landmarks. The city will first apply the regulatory changes to transform Nodeul Island in the middle of the Han River. Seoul Metropolitan Government on Thursday announced a plan in turn the nation’s capital into a city of innovative architectural design. Seoul said it will benchmark the innovative designs incorporated into the Dutch city of Rotterdam, which attracts 10 million tourists and generates around 800 billion won (over $630 million) a year through tourism , as well as Guggenheim Museum Bilbao, which attracts 1.3 million tourists and makes 100 billion won a year. seoul Mayor Oh Se-hoon during a press briefing in Seoul on Thursday … [Read more...] about Seoul to ease regulations to promote creative design

Share to Twitter Share to Linkedin China’s launch of the digital yuan has prompted a scramble in Northeast Asia among central banks to assess the merits of CBDCs. Japan, South Korea and Taiwan are all at different stages of CBDC testing that they likely never would have begun if it were not for Beijing’s determination to develop a digital fiat currency. That begs an important question: Does the rest of Northeast Asia need CBDCs? After all, the respective initiatives of Japan, South Korea and Taiwan are inherently reactive, in contrast to Beijing’s proactive approach. The People’s Bank of China (PBoC) created the e-CNY for specific reasons that speak to long-term strategic objectives of the central government: domestically, to strengthen resilience in a payments ecosystem dominated by Big Tech (Alipay and Tenpay) and gain greater control over the digital money supply, while in the cross-border space the aim is to gradually boost the renminbi’s global reach … [Read more...] about Why Northeast Asia-Ex China Is Ambivalent About CBDCs

Share to Twitter Share to Linkedin As questions surrounded equity control of Oracle Red Bull’s Formula 1 team, and changes to sustainability for the racing series are set to take a larger role, Porsche fell by the wayside, and Ford decided to make their return to the sport after a 22-year absence. It’s not often that one can say, “When a door closes, another door closes which leads to a door opening,” but that may best describe what has happened with consecutive F1 driver championships in 2021-22 and 2022 constructor champion Oracle Red Bull Racing. A seismic shift has occurred with those supplying powertrains in F1 as an increase in renewable technology continues to dramatically alter the consumer automotive market. In 2021, Honda left primary support for Red Bull as they moved away from combustion engines. Honda has pledged to be carbon-neutral by 2050. With not just Honda but others seeking to increase battery technology, and other renewable … [Read more...] about How Oracle Red Bull Racing Walked Away From Porsche And Ford Stepped In