Well Known Physicist Prof. Yash Pal Passes Away

Prof Yash Pal (90), the internationally acclaimed physicist and higher education reformer, has passed away in Noida in Uttar Pradesh on July 25, 2017. He was born in 1926 in Jhang district of British India that is now in Pakistan.
He gained recognition due to his contribution in the study of cosmic rays. Professor Yash Pal was lappointed as the Chief Consultant of the Planning Commission. He acted as the Secretary of Department of Science and Technology from 1984 to 1986. He was appointed as the Chairman of University Grants Commission where he served a full single-term of five years and also served as the Chancellor of Jawaharlal Nehru University. He served as a member of UN Advisory Committee on Science and Technology for Development.
He is also known for his appearances on the science programme, Turning Point on Doordarshan and explaining scientific concepts in layman’s language. Pal was honoured with Padma Bhushan in 1976 and Padma Vibhushan in 2013 for his contribution to Science.

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    India’s foreign exchange reserves continued their rally for the fourth straight week, increased by $1.35 billion to 298.64 billion dollar on a surge in currency assets even though the reserve position with the IMF slid heavily.

    As per the data released by Reserve Bank of India( RBI)

    Gold reserves remained unchanged at $ 20.978 billion.
    Foreign currency assets (FCAs), a major part of the overall reserves, rose $1.58 billion to $ 271.40 billion.
    FCAs expressed in dollar terms, include the effect of appreciation/depreciation of the non-US currencies viz. the euro, pound and yen held in its reserves.
    The special drawing rights were down by $ 16.9 million to % 4.462 billion, while the country’s reserve position with the IMF was down by a whopping $ 214.7 million to $1.801 billion.

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