Astronomers have found distinct spiral arms in the disk of gas and dust surrounding the young star Elias 2-27. While similar features have been observed on the surfaces of such disks before, this is the first time they have been identified within the disk, where planet formation takes place. Structures such as these could either indicate the presence of a newly formed planet, or else create the necessary conditions for a planet to form. As such, the results are a crucial step towards a better understanding how planetary systems like our Solar system came into being. The results have been published in the journal Science.

The finance ministry is set to get greater control over at least three schemes to promote exports under another measure to improve the ease of doing business and hassle-free trade. The three measures are advanced authorisation scheme, export promotion capital goods scheme and deemed exports schemes, accounting for almost Rs 35,000 crore in government incentives. While the commerce ministry will keep the policy-making powers for the schemes, it has proposed that their implementation be shifted to revenue department of the finance ministry.

The government has notified the Monetary Policy Committee, clearing the last formality in the switchover to a new regime for setting interest rates. The sixmember committee will meet on October 3, a day before the next monetary policy is announced, a member of the panel told ET. “A committee-based approach for determining the monetary policy will add lot of value and transparency to monetary policy decisions,” the finance ministry said in a statement on Thursday, making the formal announcement. ..