Why did RBI direct HDFC bank to stop its Digital Launches?

Published: December 3, 2020

The Reserve Bank of India recently asked the HDFC bank to temporarily stop all its launches under its Digital 2.0 programme. Why did RBI take action against HDFC bank? The RBI issued the order with regard to outrages against the bank. The order were issued with regard to incidents of outrages in mobile banking, internet ..

Month: Current Affairs - December, 2020

Category: Economy & Banking Current Affairs

Topics: Artificial Intelligence (AI) • Banking • Banking Regulation Act • HDFC • Reserve Bank of India (RBI)

India joins Global Partnership on Artificial Intelligence

Published: June 16, 2020

On June 15, 2020, India joined the Global Partnership of Artificial Intelligence as a founding member. Highlights The other leading member countries that joined along with India are UK, USA, European Union, Australia, France, Canada, Germany, Mexico, Italy, Republic of Korea, Singapore, New Zealand, etc. The Gee-Pay or GPAI-Global Partnership on Artificial Intelligence is a ..

Month: Current Affairs - June, 2020

Category: India Nation & States Current Affairs

Topics: Agriculture • Artificial Intelligence (AI) • E-commerce • Education • Global Partnership on Artificial Intelligence (GPAI) • Health care • National AI portal • National AI Strategy

IIT Kharagpur: AI Based Social-Distancing Monitor

Published: June 13, 2020

The Researchers of IIT Kharagpur have developed an Artificial Intelligence based cyber-physical system to monitor social distancing in public places. Highlights The device developed by the researchers will play a proximity alert whenever there is a violation of social distancing norms. The device captures field view and computes distances according to the criteria set by ..

Month: Current Affairs - June, 2020

Category: Science & Technology Current Affairs

Topics: Artificial Intelligence (AI) • Australia • IIT • Ministry of Health and Family Welfare • Social Distancing • United Kingdom (UK) • WHO

NHAI: First Construction Sector to become digital completely

Published: June 12, 2020

The National Highway Authority of India became the first construction sector to become digital completely. Highlights The project management workflow of NHAI has been transformed from manual to online portal. The platform Artificial Intelligence and cloud-based big data analytics have been used to bring in the transform. With social distancing being one of the key ..

Month: Current Affairs - June, 2020

Category: Economy & Banking Current Affairs

Topics: Artificial Intelligence (AI) • data science • National Highway Authority of India • NHAI • Portal • road infrastructure • Road Sector

Police Use of Facial Recognition banned by Amazon

Published: June 12, 2020

On June 11, 2020, the E-Commerce giant Amazon banned the use of its software “Rekognition” by the police. The software used to quickly compare a picture with the police data bases that holds hundreds of 1000s of photos. Why the ban? The facial recognition technology has been criticized over some time. This is mainly because, ..

Month: Current Affairs - June, 2020

Category: Economy & Banking Current Affairs

Topics: Amazon • Amazon Global. • Artificial Intelligence (AI) • E-commerce • e-commerce platform • Face Recognition • Police

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