Range Volatility Spillover across Sectoral Stock Indices during COVID-19 Pandemic: Evidence from Indian Stock Market

The study examines volatility spillover across sectoral stock indices from one Emerging Market Economies, viz. India during COVID-19 pandemic. Our contributions are threefold: (a) incorporation of range volatility during the pandemic, (b) comparative assessment of volatility spillover at the sectoral level, and (c) identify evidence of volatility spillover across different sectoral indices. Using daily historical price data for 11 sectoral stock indices during the first wave of the pandemic; we find that Range GARCH (1,1) performs better not only during the crisis but also during pandemic periods. The multivariate Range DCC model confirms evidence of volatility spillover across sectoral stock indices

An efficient image retrieval scheme for colour enhancement of embedded and distributed surveillance images

From the past few years, the size of the data grows exponentially with respect to volume, velocity, and dimensionality due to wide spread use of embedded and distributed surveillance cameras for security reasons. In this paper, we have proposed an integrated approach for biometric-based image retrieval and processing which addresses the two issues. The first issue is related to the poor visibility of the images produced by the embedded and distributed surveillance cameras, and the second issue is concerned with the effective image retrieval based on the user query. This paper addresses the first issue by proposing an integrated image enhancement approach based on contrast enhancement and colour balancing methods. The contrast enhancement method is used to improve the contrast, while the colour balancing method helps to achieve a balanced colour. Importantly, in the colour balancing method, a new process for colour cast adjustment is introduced which relies on statistical calculation. It adjusts the colour cast and maintains the luminance of the image. The integrated image enhancement approach is applied to the enhancement of low quality images produced by surveillance cameras. The paper addresses the second issue relating to image retrieval by proposing a content-based image retrieval approach. The approach is based on the three features extraction methods namely colour, texture and shape. Colour histogram is used to extract the colour features of an image. Gabor filter is used to extract the texture features and the moment invariant is used to extract the shape features of an image. The use of these three algorithms ensures that the proposed image retrieval approach produces results which are highly relevant to the content of an image query, by taking into account the three distinct features of the image and the similarity metrics based on Euclidean measure. In order to retrieve the most relevant images, the proposed approach also employs a set of fuzzy heuristics to improve the quality of the results further. The result

Multitask Prompted Training Enables Zero-Shot Task Generalization

International audienceLarge language models have recently been shown to attain reasonable zero-shot generalization on a diverse set of tasks (Brown et al., 2020). It has been hypothesized that this is a consequence of implicit multitask learning in language models’ pretraining (Radford et al., 2019). Can zero-shot generalization instead be directly induced by explicit multitask learning? To test this question at scale, we develop a system for easily mapping any natural language tasks into a human-readable prompted form. We convert a large set of supervised datasets, each with multiple prompts with diverse wording. These prompted datasets allow for benchmarking the ability of a model to perform completely held-out tasks. We fine-tune a pre-trained encoder-decoder model (Raffel et al., 2020; Lester et al., 2021) on this multitask mixture covering a wide variety of tasks. The model attains strong zero-shot performance on several standard datasets, often outperforming models up to 16x its size. Further, our approach attains strong performance on a subset of tasks from the BIG-bench benchmark, outperforming models up to 6x its size. All trained models are available at https://github.com/bigscience-workshop/t-zero, and all prompts are available at https://github.com/bigscience-workshop/promptsource

BLOOM: A 176B-Parameter Open-Access Multilingual Language Model

Large language models (LLMs) have been shown to be able to perform new tasks based on a few demonstrations or natural language instructions. While these capabilities have led to widespread adoption, most LLMs are developed by resource-rich organizations and are frequently kept from the public. As a step towards democratizing this powerful technology, we present BLOOM, a 176B-parameter open-access language model designed and built thanks to a collaboration of hundreds of researchers. BLOOM is a decoder-only Transformer language model that was trained on the ROOTS corpus, a dataset comprising hundreds of sources in 46 natural and 13 programming languages (59 in total). We find that BLOOM achieves competitive performance on a wide variety of benchmarks, with stronger results after undergoing multitask prompted finetuning. To facilitate future research and applications using LLMs, we publicly release our models and code under the Responsible AI License

SARS-CoV-2 B.1.617.2 Delta variant replication and immune evasion

Abstract: The B.1.617.2 (Delta) variant of severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) was first identified in the state of Maharashtra in late 2020 and spread throughout India, outcompeting pre-existing lineages including B.1.617.1 (Kappa) and B.1.1.7 (Alpha)1. In vitro, B.1.617.2 is sixfold less sensitive to serum neutralizing antibodies from recovered individuals, and eightfold less sensitive to vaccine-elicited antibodies, compared with wild-type Wuhan-1 bearing D614G. Serum neutralizing titres against B.1.617.2 were lower in ChAdOx1 vaccinees than in BNT162b2 vaccinees. B.1.617.2 spike pseudotyped viruses exhibited compromised sensitivity to monoclonal antibodies to the receptor-binding domain and the amino-terminal domain. B.1.617.2 demonstrated higher replication efficiency than B.1.1.7 in both airway organoid and human airway epithelial systems, associated with B.1.617.2 spike being in a predominantly cleaved state compared with B.1.1.7 spike. The B.1.617.2 spike protein was able to mediate highly efficient syncytium formation that was less sensitive to inhibition by neutralizing antibody, compared with that of wild-type spike. We also observed that B.1.617.2 had higher replication and spike-mediated entry than B.1.617.1, potentially explaining the B.1.617.2 dominance. In an analysis of more than 130 SARS-CoV-2-infected health care workers across three centres in India during a period of mixed lineage circulation, we observed reduced ChAdOx1 vaccine effectiveness against B.1.617.2 relative to non-B.1.617.2, with the caveat of possible residual confounding. Compromised vaccine efficacy against the highly fit and immune-evasive B.1.617.2 Delta variant warrants continued infection control measures in the post-vaccination era

Activation and stabilization of nitrate reductase by NADH in wheat and maize

Preincubation of nitrate reductase (NR) extracted from wheat shoot tips with NADH in vitro, activated and stabilized activity at both O° and 25°. However, preincubation with potassium ferricyanide inactivated the NR in vitro. NADH also stabilized the NR activity in extracts from maize shoot tips. It was observed that NR from both wheat and maize was active at low temperatures