Some improvements of Young inequality and its reverse for positive numbers with Kantorovich constant $K(t, 2)=frac{(1+t)^2}{4t}$ are given. Using these inequalities some operator inequalities and Hilbert-Schmidt norm versions for matrices are proved. In particular, it is shown that if $a, b$ are positive numbers and $0 leqslant nu leqslant 1,$ then for all integers $ kgeqsl...