India Nation & States Current Affairs

How is the satellite data used for Farm credit assessment by banks?

Indian multinational banking and financial services provider ICICI Bank has announced that it is going to use the satellite data-imagery from earth observation satellites to assess the creditworthiness of the farmers seeking loans. ICICI is the first bank in India to take such a step. The assessment Using the data it will measure an array ..

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How Sero-survey evaluates the trend of Covid-19?

Indian Council for Medical Research has recommended to carry out sero-surveys to detect the presence of coronavirus antibodies in the people. Such surveys conducted in big cities have proved to be beneficial to understand the activities and characteristics of the Covid-19 virus. Process Surveys have been conducted to find out the pandemic’s progress. Samples have ..

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What is the significance of AI in detecting illegal cryptocurrency mining?

US-headquartered Los Alamos National Laboratory (LANL) have developed a new artificial intelligence (AI) system to detect malicious codes used by illicit cryptocurrency miners who use research computers for mining of cryptocurrencies like Bitcoin, Monero, and Ethereum. Mining procedure The process of cryptocurrency mining requires a lot of computing knowledge and strong coding skill. The process ..

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What is the objective of RBI’s new 20000 cr-special OMO?

In a recent announcement, the Reserve Bank of India declared its intention to conduct simultaneous purchase and sale activities of government securities under the Open Market Operations for an amount of Rs 20,000 crore in two channels. Open Market Operation (OMO) An open market operation is an activity of the central bank that is associated ..

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Why is China considering to set up ‘BRICS innovation base’ on 5G?

China intended to establish a BRICS innovation base for strengthening the cooperation among the five-member country bloc including India in technical sectors like 5G, Artificial Intelligence, and digital economy, industry, and information technology. Object points Consolidation of the cooperation among the members i.e. Brazil, Russia, India, China, and South Africa (BRICS). Promotion of sustainable economic ..

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