Google has admitted to having sent planes over cities, while Apple has acquired a firm using spy-in-the-sky technology that has been tested on at least 20 locations
London: You think technology has made life easier, safe and secure. Think again. For US tech giants are using military-grade cameras so powerful that they can see into homes to produce aerial maps which can show up objects just four inches wide, reports PTI.
Google and Apple will use new hi-tech mapping planes that can film through skylights and windows, putting privacy at risk, the Daily mail reported.
The technology is similar to that used by intelligence agencies in identifying terrorist targets in Afghanistan, the report said.
Google has admitted to having sent planes over cities, while Apple has acquired a firm using spy-in-the-sky technology that has been tested on at least 20 locations, including London.
The search engine giant will use its spy planes to help create 3D maps with much more detail than its satellite-derived Google Earth images.
Google expects by the end of the year to have 3D coverage of towns and cities with a combined population of 300 million. It has not revealed any locations so far.
Apple is expected to unveil its new mapping applications for its iPhone and other devices today along with privacy safeguards. Its 3D maps will reportedly show for the first time the sides of tall buildings, such as the Big Ben clock tower, the report said.
Current 3D mapping technology relies on aerial images taken at a much lower resolution than the technology Apple is thought to be using. This means that when users 'zoom in', details tend to be lost because of the poor image quality.
Spy planes are able to photograph around 40 square miles every hour, suggesting they would be flying too quickly and at too great a height to access domestic wifi networks.
But experts say the technology is a sinister development that brings the surveillance society a step closer.
Nick Pickles, director of Big Brother Watch, warned that privacy risked being sacrificed in a commercial 'race to the bottom'.
"The next generation of maps is taking us over the garden fence," he said.
"You won't be able to sunbathe in your garden without worrying about an Apple or Google plane buzzing overhead taking pictures," he warned.
Apple has previously used Google for its mapping services but last year it emerged it had bought C3 Technologies, a 3D mapping company that uses technology developed by Saab AB, the aerospace and defence company.
At the time C3 had already mapped 20 cities and it is believed to have added more with Apple's backing. Its photographs have been shot from 1,600ft and one C3 executive described it as 'Google on steroids'.
SBI chairman said he expect the central bank to cut CRR by 1% to ease liquidity and lower interest rates
New Delhi: Amid economic slowdown and contracting growth in the manufacturing sector, the country's largest lender State Bank of India (SBI) said it expects 1% cut in cash reserve ratio (CRR) -- the portion of deposits that banks are required to keep with the central bank -- for boosting growth, reports PTI.
"We expect the RBI to cut CRR by 1%...It will ease liquidity significantly and lower interest rate," SBI Chairman Pratip Chaudhuri told reporters on the sidelines of an event in the capital.
The Reserve Bank of India (RBI) in its mid-quarter review of monetary policy on 18th June is widely expected to announce steps to boost sagging economic growth, which dipped to nine-year low of 6.5% in 2011-12.
As per the latest data released by the Central Statistical Organisation (CSO), the industrial production during April slowed to 0.1% from over 5.3% in the corresponding month a year ago.
According to the data, the capital goods output declined by 16.3% as against a growth of 6.6% in the same month last year. Mining output contracted by 3.1% in April, as against growth of 1.6% in the same month last year.
In order to ease liquidity position in the market, RBI had on March 9 cut CRR by 0.75% down to 4.75%.
In January, it had reduced CRR by 0.50% to unlock primary liquidity.
On the possibility of cut in short-term lending (repo) rate by RBI in its mid-quarter review, Chaudhuri said, "Repo rate cut is meaningless because is more symbolic and (its impact is) not very substantial".
The slowdown in industrial production is likely to put pressure on the Reserve Bank to cut lending rates at its mid-quarterly review on 18th June
New Delhi: India's industrial production growth rate slowed down sharply to 0.1% in April due to contraction in capital goods and dip in manufacturing output, reflecting the sluggish state of the economy that may prompt the Reserve Bank of India (RBI) to cut lending rates, reports PTI.
Growth in factory output, as measured by the Index of Industrial Production (IIP), was 5.3% in April last year.
The manufacturing sector, which constitutes over 75% of the index, grew barely 0.1%, as against 5.7% in April 2011, according to the official data released on Tuesday.
The capital goods output declined by 16.3% as against a growth of 6.6% in the same month last year. Mining output contracted by 3.1%in April, as against growth of 1.6% in the same month a year ago.
The slowdown in industrial production is likely to put pressure on the Reserve Bank to cut lending rates at its mid-quarterly review on 18th June.
However, consumer goods production showed a faster growth rate of 5.2% in April, compared to 3.2% in the same month last year.
The consumer durables segment also expanded by 5% in April, as against 1.6% in the same month last year.
Power generation witnessed a slower growth of 4.6% during April, compared to 6.5% in the same month a year ago.
In all, 12 of the 22 industry groups in the manufacturing sector have shown positive growth during April as compared to the same month a year ago.