technology

Five Year Plans and Planning Commission (India)

The Five Year Plan was the method adopted for the planned development of India. During the initial stages of formation of the country, it was decided to follow the principle of planned economy to have a successful economic journey.  What were the objectives of the five year plans? The objective of five year plans was

Internet of Things (IoT) and the Challenges Ahead

What is the Internet of Things (IoT)? The Internet of Things (IoT) is the technology that allows controlling and interconnecting of multiple physical devices through a network by employing powers of internet.  The term was first coined  by Kevin Ashton of Procter & Gamble in 1999. Things in IOT refer to a wide variety of

Digital Banking: What does it mean? 

The word Digital Banking is creating waves across the globe. In India, digital banking is one of the most widely discussed terms since demonetization of Rs. 500 and Rs. 1000 currency notes. Digital banking has been in existence for over three decades, but still there exists confusion on the exact meaning of digital banking.  What

3D Printing: Basics you wanted to know

3D printing has become a magical reality across the world in a short span of time. The acceptance of 3D printing has prompted many observers to describe it the next Industrial revolution. The technology was invented in the 1980s. But the exorbitant costs prevented its popularity.  After the expiry of patent, many companies ventured into

Nanotechnology: Technology of the future

Nanotechnology is the method of rearranging atoms and molecules and the application of tiny matter for various purposes. Nanotechnology is of recent origin and is termed as the technology of future.  In metric system nano means 0.000000001. In nanotechnology a ‘nanometre’ is a billionth of a metre and objects of these dimensions can be viewed