May 30: When you reach the end of your rope, tie a knot in it and hang on.

On this day, 30 May...

1821 - A fire hose of cotton web lined with rubber was patented by James Boyd of Boston. He invented it to replace the riveted leather hose, which had many drawbacks, including drying out, cracking and bursting from excessive pressure. 

1848 - An early U.S. patent for an ice cream freezer was issued to William G. Young of Baltimore.  (The first freezer patent was issued to Nancy M Johnson on 9 Sep 1834, which had a revolving shaft inside with two curved wings to move the cream in the freezer. Young's idea made the freezer itself turn rapidly within the ice-tub as well as the cream inside. A piston-rod had a perforated disk at its end to move the cream. It was designed to be used while both agitating the cream and turning the freezer using the weighted top-mounted handle. The beating both moved the cream into better contact with the cold sides, and the air trapped with its motion serves to make the cream lighter).

1856 - The first milk quality law in the U.S. was signed by the Governor of Massachusetts prohibiting adulteration of milk.

1883 – In New York City, a rumor that the Brooklyn Bridge is going to collapse causes a stampede that crushes twelve people.

1959 - The first experimental hovercraft made its first trip. It was designed by Sir Christopher Cockerell and built by Saunders-Roe. The invention was considered initially only for military use but was released for civilian use in 1959.

1971 - Mars probe:  The U.S. Mars space probe Mariner 9 blasted off from Cape Kennedy, Florida. It carried cameras, infrared spectrometer and radiometer, ultraviolet spectrometer, radio occultation and celestial mechanics instruments. On 13 Nov 1971, it entered orbit as the first artificial satellite of Mars. After waiting for a month-long planet-wide dust storm to clear, it began compiling a global mosaic of high-quality images for 100% of the Martian surface. The photos showed gigantic volcanoes, a grand canyon stretching 4,800 kilometers and relics of ancient riverbeds that were carved in the landscape of this seemingly dry and dusty planet. It also sent the first close-up pictures of the two Martian moons, Phobos and Deimos.

1987 - Goa becomes the 25th state of India.

1998 – Nuclear Testing: Pakistan conducts an underground test in the Kharan Desert. It is reported to be a plutonium device with a yield of 20kt.

1999 - India rejects U.N. offer to send a special envoy to defuse Indo-Pak tensions.

2015 - Concerns over security in the Asia-Pacific region are raised after a U.S. surveillance flight identifies artillery on one of the man-made islands under development by China in the South China Sea.

Born

1950 – Paresh Rawal, film actor, producer, and politician.

1961 - Vinod Kumar Saxena, Advocate and Social worker.

1970 – Ness Wadia, businessperson.

RIP

1912 - Wilbur Wright, American inventor, and aviator, who with his brother Orville, invented the first powered airplane, Flyer, capable of sustained, controlled flight

2013 - Rituparno Ghosh, film director. (“Rituparno's comparison is only Rituparno. Bengal has lost a golden man of the golden era” – Mamata Banerjee’s obituary).

You may have known...

Each year 2,500 Crores worth of hair is bought & sold in India.

Business News

• GST Portal Enables Facility of Tracking ARN for Exports.

• No Late Fee for Delayed filing of GSTR-5A: GSTN.

• With an estimated Rs 20,000 Crore Exporters' Refund Still Stuck, Govt. will launch the 2nd phase of Refund Fortnight beginning May 31 to Fast-Track Clearances.

• CBIC Notifies National Academy of Customs, Indirect Taxes & Narcotics (NACIN) as the authority for conducting the examination for GST Practitioners under rule 83(3) of the CGST Rules, 2017.

• Roto-mac Bank Fraud Case: Enforcement Directorate (ED) Attaches Rs 177 Crore Assets of Roto-mac Global and its Directors.

• Kanishk Gold MD Bhoopesh Kumar Jain, arrested by Enforcement Directorate for defrauding 14 banks of Rs 824 crore.

• RCom offers an Upfront Payment of Rs 500 Crore to its Operational Creditor Ericsson.

• NSE will not levy Any Transaction Fee on the trades done in Cross Currency Derivatives for 3 more months till August 31 in order to Encourage Active Participation in such contracts.

• SEBI Bans 2 Brokers -F6 Finserve & F6 Commodities and their Eight Former And Present Directors from the Securities Market in a matter related to Misutilisation of Funds and Securities of Clients.

• AirAsia CEO Tony Fernandes, & others Booked by CBI, over Alleged Violation of Norms for getting International Flying Licenses.