"Good policy is the first line of defence including our focus on controlling fiscal deficits, reforms like the Bankruptcy Code and Aadhaar, and our steady fight against inflation," he added. The Indian government has been working hard to fasten the GDP growth and aspiring to take it to the double-digit mark from the current 7.
He called central banks around the world to "start thinking more internationally" and stressed on the need to "start discussing new rules of the monetary policy game in the international setting. The country has also taken other additional measures like control inflows, intervening in the foreign exchange market as a macro prudential measure to reduce volatility, and maintaining sufficient foreign exchange reserves to be able to withstand a sudden stop in capital inflows, Rajan said.
"Given great uncertainty about outlook and policies of others in these times, a country like India should try to take sensible measures without getting too ambitious, as we have done so far," Rajan said, delivering the Mahtab Memorial Lecture in Bhubaneswar late last evening. "Easy and unconventional monetary policy in industrial countries could increasingly be a part of the problem," the academic-turned-central banker said and reiterated this creates problems around capital flows for emerging markets.5 per cent in the medium term."
As such a goal will take years, an emerging country like India should focus on macro-stabilisation, building buffers and reducing vulnerabilities, Rajan said. Rajan said the world is growing "extremely slowly", with the factors differing from one country to other and termed notions of a de-coupling of growth between industrial countries and emerging markets as "illusory". It has, however, adhered to key targets like the fiscal deficit number and also made inflation-targeting a key objective for the central bank. "This will serve as a sound basis for strong and sustainable Indian growth as China Rubber Insoluble sulphur suppliers the world economy picks up," Rajan, whose remarks comparing the Indian economy with an one-eyed king in a blind world led to a controversy, added. Mumbai: RBI Governor Raghuram Rajan has said India should restrain itself from being "too ambitious" at a time when the world is full of uncertainties and instead focus on sensible policies to ensure a sustainable economic growth.The Indian government has been working hard to fasten the GDP growth
Since radio signals travel at the speed of light, that means we need to measure their time-of-flight to a precision of a few nanoseconds," said Ely.For 20 years, NASA anti fatigue agent factory Jet Propulsion Laboratory (JPL) in the US has been perfecting the Deep Space Atomic Clock (DSAC), an instrument being built for deep space exploration.
The innovation will allow ground stations to track multiple satellites at once near areas like Mars, crowded with NASA science missions. Doing this in space is what DSAC is all about," he said. Ground antennas send narrowly focused signals to spacecraft which return the signal.Once DSAC has proven the technology, future missions can use its # technology enhancements. For example, a ground station must wait for the spacecraft to return a signal, so a station can only track one spacecraft at a time.
This method, though reliable, could be made much more efficient. The clock promises increased tracking data quantity and improved tracking data quality. An Atomic Clock, GPS Receiver and Ultra Stable Oscillator make up the Deep Space Atomic Clock Payload and is integrated into the middle bay of Surrey Satellite US Orbital Test Bed Spacecraft. Spacecraft using this new technology could use a signal sent from Earth to calculate a position without returning the signal and waiting for commands from the ground, a process that can take hours. This paradigm shift enables spacecraft to focus on mission objectives rather than adjusting their position to point antennas earthward to close a link for two-way tracking. Most missions rely on ground-based antennas paired with atomic clocks for navigation. While in orbit, the DSAC mission will use the navigation signals from US GPS coupled with precise knowledge of GPS satellite orbits and clocks to confirm DSAC's performance.
The DSAC project aims to provide accurate onboard timekeeping for future NASA missions.The DSAC test flight will take this technology from the laboratory to the space environment."Atomic clocks have done this routinely on the ground for decades.Timely location data and onboard control allow for more efficient operations, more precise manoeuvring and adjustments to unexpected situations. Coupling DSAC with onboard radio navigation could ensure that future exploration missions have the navigation data needed to send humans back to the moon and traverse the solar system. NASA uses the difference in time between sending a signal and receiving a response to calculate the spacecraft'slocation, velocity and path.NASA is planning to send its new deep space atomic clock on a flight aboard a spacecraft, to test the system's ability to provide accurate onboard timekeeping for future missions.
The demonstration should confirm that DSAC can maintain time accuracy to better than two nanoseconds over a day, witha goal of achieving 0."Navigating in deep space requires measuring vast distances using our knowledge of how radio signals propagate in space," said Todd Ely of JPL, DSAC's principal investigator.3 nanosecond accuracy. "Navigating routinely requires distance measurements accurate to a meter or better
