Indian Current Affairs: 14.10.2007

Cyber squatting or domain squatting has become a big headache for India Inc.
Cyber squatting is registering, trafficking in, or using a domain name with bad-faith intent to profit from the goodwill of a trademark belonging to someone else. The cyber squatter then offers to sell the domain to the person or company who owns a trademark contained within the name at an inflated price.
Currently there are about 140 mn registered domains on the Internet.

These include Dennis Tito, Mark Shuttleworth, Gregory Olsen, Anousheh Ansari and Charles Simonyi.
The first Indian belonging to this category is Santosh George Kulangara.

It is the convergence of geographical (location based) information with details that are available on the internet.
This is the technology that makes it possible for people to be guided during traffic jams, in finding the nearest store peddling the goods and services they are seeking etc., through mobiles, laptops et al.

Three POSCO officials have been kidnapped by the activists belonging to the Posco Pratirodh Sangram Samiti. This samiti is opposing the establishment of the POSCO steel project in Orissa.
It is headed by one Mr. Abhaya Sahoo.
POSCO is investing about Rs. 52,000 crores in constructing a steel plant in Orissa.

It is the practice that allows money managers to estimate the value of securities for which they can’t find true market prices.

In the first 9 months of the year 2007, the arrivals have touched 3.5 mn as against 3 mn in the same period last year.

Despite this peak, which is attributed to the mounting tensions between Turkey and northern Iraq and also the lingering supply concerns ahead of the Northern Hemisphere winter, it has not yet grabbed the attention of the government in India. Perhaps, with a view to have some leverage in the event of declaration of an early poll, the government seems to be dithering on the price correction of fuels. All the talk of nuclear deal, though being a disappointment, is not the end all and be all of the government and that the government is not a one issue government etc., is pointing to some stacking up of surprise decisions on early polls.
But as they say politics is the art of the impossible. Let us wait and watch. There could be a feeling in the Congress party that it will not be able to improve its position in the event of an early poll. Or it may be working on something else behind the public gaze.

Italian, Valentino Rossi, the five time World Champion has expressed his unhappiness with his current team – Yamaha. He was World Champion from 2001 to 2005. But he lost the title in 2006 to American Nicky Hayden (Honda team).

This is the organization that holds Special Olympics World Games every four years for people with intellectual disabilities to help them develop self-confidence, social skills and a sense of personal accomplishment.
This year they are going to be held in China.

What is a fifth generation aircraft? There is really no industry standard for this definition. But one which can be largely accepted is this:

Fifth-generation aircraft are designed and fabricated to incorporate stealth technologies that include advanced composite materials, radar-reflecting and radar-absorbing surfaces, and integrated advanced electronics and weapons systems.

Whenever you get a doubt on aviation (especially defence) related terminology you can refer this glossary.

Ms. Drew Gilpen Faust became the first woman President of the hallowed learning portal of the world – The Harvard University at Cambridge.

Indian Current Affairs