UPSC Daily Current Affairs

Quantum Computing and Artificial Intelligence (AI):The Link

Sep 20, 2023

Q: What is the potential relationship between quantum computing and artificial intelligence (AI)? A: Quantum computing has the potential to significantly accelerate AI algorithms, enhance machine learning, and improve data analysis and predictive modeling capabilities. Q: In what fields can the synergy between quantum computing and AI lead to breakthroughs? A: The combination of quantum computing and AI can lead to breakthroughs in various fields, including drug discovery, weather forecasting, and optimization problems. Q: How does ... Read More...

Artificial Intelligence (AI) and Machine Learning (ML) in Healthcare

Sep 20, 2023

Q: What is the role of Artificial Intelligence (AI) in healthcare? A: AI in healthcare involves the use of computer systems to perform tasks that typically require human intelligence, such as data analysis, diagnosis, and treatment recommendation. Q: How does Advanced Data Analytics benefit healthcare? A: Advanced Data Analytics in healthcare helps extract valuable insights from large volumes of data, improving decision-making, patient care, and resource allocation. Q: What is Machine Learning (ML) in the context of healthcare?... Read More...

Digital rupee (Central Bank Digital Currency - CBDC):Status

Sep 20, 2023

Q: What is the current circulation of the digital rupee (CBDC) as of March 2023? A: The digital rupee (CBDC) had a total circulation worth Rs.16.39 crore as of March 2023. This amount included ₹10.69 crore of wholesale CBDC and Rs.5.70 crore of retail CBDC. Q: How does the digital rupee (e-rupee) compare to physical currency? A: The digital rupee (e-rupee) is a digital representation of India's legal tender, similar to physical currency. It is issued in various denominations to banks. Q: Which denominations of the digital rupe... Read More...

Nabard's Social Bonds:

Sep 20, 2023

#BondWithSRIRAM'sForSocialPrestige# Q: What are Nabard's social bonds? A: Nabard's social bonds are a type of financial instrument issued by the National Bank for Agriculture and Rural Development (Nabard) to fund specific social projects. Q: How large is the first issuance of Nabard's social bonds? A: The first issuance of Nabard's social bonds has a size of Rs.3,000 crore. Q: What makes Nabard's social bonds unique? A: Nabard's social bonds are considered unique because the... Read More...

Project Cheetah 2.0

Sep 20, 2023

Q: What is the objective of Project Cheetah 2.0? A: The goal of Project Cheetah 2.0 is to reintroduce cheetahs to India. Q: From which country are the cheetahs being imported for Project Cheetah 2.0? A: The cheetahs are being sourced from a different country, specifically South Africa. Q: In which Indian wildlife sanctuaries will the cheetahs be introduced as part of Project Cheetah 2.0? A: The cheetahs will be introduced to Gandhi Sagar Wildlife Sanctuary and Nauradehi Wildlife Sanctuary in Madhya Prade... Read More...

Microfinance in India

Sep 20, 2023

Trust SRIRAM's for micro and macro financial analysis What is Microfinance (MFI) and why is it growing in India? Microfinance, often abbreviated as MFI, is a financial service that provides small loans, savings accounts, and insurance products to individuals and small businesses with limited access to traditional banking services. It is growing in India due to the increasing demand for financial inclusion, especially among economically disadvantaged and underserved populations. MFIs play a crucial role in offering financial support to these individuals and promoting econo... Read More...

MOSIP - Simplified

Sep 20, 2023

MOSIP (Modular Open Source Identity Platform) is an open-source digital identity system developed by the International Institute of Information Technology-Bangalore (IIIT-B). It provides countries with a foundational digital identity infrastructure similar to India's Aadhaar. Benefits of MOSIP: Inclusivity: MOSIP allows governments to design inclusive services tailored to their citizens' needs, considering technological and information challenges. Customization: It offers flexibility for governments to choose the features they need. F... Read More...

The Need for Farm Mechanization

Sep 20, 2023

Agriculture mechanization serves as a crucial tool for enhancing farm operations and outcomes. While mitigating drudgery is an important outcome, it primarily aims to improve precision, efficiency, cost-effectiveness, productivity, and profitability in farming. Moreover, factors like the scarcity of farm labor and rising wage rates further drive the adoption of machines. India's Farm Mechanization Challenge Despite its importance, farm mechanization in India remains below par, officially standing at 47%. This level falls significantly behind China's 60% and Brazil's 75%. Read More...

Capital Formation In India:Need for Private Sector Investment

Sep 20, 2023

Private investment plays a critical role in driving economic growth and sustaining development in any country. In the case of India, private-sector investment was a significant contributor to the nation's growth during the 2000s. To understand the need for and facts about private investment in India, let's break down the key points: Private Investment and Growth: India's robust economic growth during the 2000s was largely fueled by private-sector investment. Globally, countries with high gross fixed capital formation (GFCF) rates have historically experienced substantial ... Read More...

China Decoupling and De-risking:What,Why and How

Sep 20, 2023

Decoupling involves the reduced connection between China's financial markets and the rest of the world, as well as shifts in global supply chains and investments. On the otherhand, de-risking refers to the strategic efforts made by businesses and industries to decrease their dependence on China for essential materials and as a market for their finished products. The primary goal of de-risking in this context is to minimize potential risks associated with trade disruptions and interruptions in global supply chains. By diversifying sourcing and market strategies, companies aim to enhance their resilience to economic or geopolitical challeng... Read More...

World Employment Outlook 2023:ILO-Gig and AI

Sep 20, 2023

Global employment trends:The World Employment Outlook report projects a 1% increase in global employment for the current year. However, this growth is accompanied by growing social and economic inequalities. Impact of crises: Interconnected crises have led to a simultaneous rise in extreme poverty and extreme wealth for the first time in 25 years. Addressing global inequality: A revitalized multilateral approach and policies that support a future of work centered on greater equality and social justice are needed. This includes supporting ongoing transitions in ... Read More...

North Korea-Russia

Sep 20, 2023

What is the purpose of Kim Jong Un's visit to Russia? Kim Jong Un's visit to Russia primarily aims to discuss Russia's desire to purchase ammunition and war supplies from North Korea to replenish reserves depleted by its conflict in Ukraine. Why is this meeting significant? The meeting highlights deepening cooperation between North Korea and Russia, as both countries are engaged in separate confrontations with the United States. It marks Kim's first foreign visit since North Korea closed its borders in January 2020. ... Read More...

India,Brazil and WTO:Sugar Subsidies

Sep 19, 2023

World Trade Organization (WTO). As part of the resolution, Brazil may share its ethanol production technology with India, a positive development in the ongoing talks. Here are the key points: Background: Brazil is the world's largest producer of sugarcane and ethanol, and it excels in ethanol production technology. Trade Dispute: In 2019, Brazil, along with Australia and Guatemala, filed a complaint against India at the WTO, alleging that India's sugar subsidies to farmers violated global trade rules. WTO Ruling: In Dec... Read More...

Good Manufacturing Practice (GMP) and Schedule M of the Drugs and Cosmetics Rules, 1945

Sep 19, 2023

The Union Health Ministry is considering amendments to make Good Manufacturing Practice (GMP) mandatory for all pharmaceutical firms in India. This move comes after a series of scandals involving Indian-made drugs linked to children's deaths abroad. Here's a breakdown of the situation: Current Status: GMP was recently made mandatory for micro, small, and medium enterprises (MSMEs) manufacturing drugs in India. Global Importance: India is the largest supplier of medicines to low-middle-income countries (LMIC), and the World Health Organization's (WHO... Read More...

PM Vishwakarma

Sep 19, 2023

The Prime Minister launched a Rs.13,000 crore scheme aimed at assisting artisans and craftsmen. Under this scheme: Artisans can avail collateral-free credit of up to Rs.3 lakh at a concessional interest rate of 5%. They will receive recognition through PM Vishwakarma certificates and ID cards. Skill enhancement will be provided through basic and advanced training. Artisans will receive a toolkit incentive of Rs.15,000. Collateral-free credit support will be offered, with Rs.1 lakh in the first tranche and Rs.2 lakh in the second, at a concessional interest rate ... Read More...