In News ∙ The Financial Intelligence Unit India (FIU IND) issued compliance show cause notices to nine offshore Virtual Digital Asset Service Providers (VDA SPs). About compliance action ∙ As part of compliance action against the offshore entities,FIU IND issued show-cause notices to offshore virtual digital asset service providers (VDA SPs) for “operating illegally” without […]
Context ∙ India’s palm oil imports rose in December to their highest in four months. Palm Oil ∙ It’s an edible vegetable oil that comes from the fruit of oil palm trees, having the scientific name Elaeis guineensis. ∙ The oil palm tree is native to West and Central Africa. It also grows extensively in
Context: ∙ NewSpace India Limited (NSIL), ISRO’s commercial arm, will launch GSAT-20 satellite on-board SpaceX’s Falcon-9 during the second quarter of 2024. About the GSAT-20 ∙ It is, weighing 4700 kg, a High Throughput Satellite (HTS) with Ka-Ka-band which is fully owned, operated and funded by NewSpace India Limited (NSIL). ∙ It was recently renamed
Context ∙ Recently, ISRO performed a crucial maneuver to bind Aditya-L1 into L1 orbit. What is the Aditya-L1 mission? ∙ Aditya-L1 is the first space-based Indian observatory to study the Sun. ∙ The solar mission will not see the spacecraft actually go to the sun, it will instead create a space observatory at a point
Context ∙ The Principal Scientific Advisor to the Government of India informed that the ‘Deep Tech’ Policy was sent to the Union Cabinet for approval. Background ∙ The Union government unveiled a ‘Draft National Deep Tech Startup Policy (NDTSP)’ in July 2023 for public comment. ∙ It proposes a comprehensive policy framework to address the
Context ∙ Voice cloning through Artificial Intelligence (AI) has created fears around the AI software as AI voice cloning-related scams burgeoned. About ∙ A report by Market US has revealed that the global market for these voice cloning applications stands at $1.2 billion in 2022 and is estimated to touch almost $5 billion in 2032
Context ∙ India’s OTT market, sized at $2.5 billion, went through a major disruption in 2023. About ∙ This disruption was due to Jio Cinema offering the most premium content-IPL, free to users. ∙ This negatively impacted subscription revenue growth for peers and the industry at large and led to Disney Plus offering cricket World
Context ∙ A group of scientists have reported finding a sign of superconductivity in a material called LK-99 at room-temperature. What is a superconductor? ∙ A superconductor is a material that can conduct electricity or transport electrons from one atom to another with no resistance. ∙ This happens at temperatures between 240 K and 275
Context ∙ An Indian delegation visited Mauna Kea, Hawaii, USA and discussed challenges in the progress of the Thirty Meter Telescope (TMT) project and ways to overcome them. About ∙ The project has faced considerable challenges. The upcoming projects have invited local opposition on the grounds that building telescopes violates religious and cultural customs. ∙
Context: ∙ Quantum computing has gained a significant interest in the past decade for its applications in various fields. About Computing: ∙ A bit (binary digit) is the smallest piece of information storage in computing. Often, a large number of bits is required to convey meaningful information. ∙ In a computer, a bit is a
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