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Showing posts with the label Technology

The Digital India Will Soon Get The Digital Rupee

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 ~Preet The writer and the publisher have no rights to this image. This image has been taken from,  Digital-Rupee-–-Its-Understanding.jpeg The Reserve Bank of India (RBI) will shortly launch restricted pilots of the e-rupee, also known as Central Bank Digital Currency (CBDC) or digital rupee, for specified use cases. It has hinted at two major categories for the usage of e-rupee for various transactions — retail and wholesale.  The CBDC is defined by the RBI as a digital representation of currency notes issued by a central bank. It is a sovereign or completely autonomous currency issued by the country's central bank (in this case, the RBI) in line with monetary policy. CBDC will be recognised as a means of payment and legal tender by all three parties - individuals, government agencies, and businesses - once it is formally issued. Because it is government-backed, it may be readily exchanged for money or notes from any commercial bank. The RBI is not enthusiastic about the e-rupee.
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More and More Supercomputers: National Supercomputing Mission. ~Preet The Indian Institute of Science (IISc) Bengaluru has installed the supercomputer 'Param Pravega.' It boasts 3.3 petaflops of supercomputing power. It was built as part of the government's National Supercomputing Mission. The National Supercomputing Mission aims to localise the research and production of powerful computers. A supercomputer is a computer that operates at or near the greatest operating rate currently available for computers. PETAFLOP is a measure of the processing speed of a Supercomputer and may be represented as a thousand trillion floating point operations per second. FLOPS (floating point operations per second) are commonly used to assess a computer's processor performance.  Extremely lengthy numbers can be handled reasonably simply with floating-point encoding. Supercomputers are generally intended for usage in businesses and organisations that demand a large amount of computational
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India to manufacture 500 items by 2025, by 3D printing.  ~Preet.   The National Strategy for Additive Manufacturing Policy was recently released by the Ministry of Electronics and Information Technology (MeitY).  Within three years, the strategy intends to boost India's share of global additive manufacturing to 5% and add USD 1 billion to the country's GDP. It also plans to build 50 India-specific material, machine, and software innovations, 100 new additive manufacturing firms, 500 new products, and educate at least 1 lakh new skilled people. The ideas of 'Make in India' and 'Atmanirbhar Bharat Abhiyan', which urge self-reliance via technological transformation of the production paradigm, are included into the Policy. 3D printing, also known as additive manufacturing, is a process that employs materials such as plastics and metals to turn computer-aided design goods into genuine three-dimensional things.  3D printing is the inverse of subtractive manufacturing,
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Ban on import of drones in India. ~Preet The Ministry of Commerce and Industry's Directorate General of Foreign Trade (DGFT) recently prohibited the import of foreign drones.  The decision comes after the Union Budget 2022 suggested the Drone Shakti initiative to make it easier to apply for and use 'drones as services' in the country. The import of drone components, on the other hand, is not prohibited and will not necessitate any authorization. Drone imports for defence and security reasons will also be permitted, subject to DGFT permission.The initiative attempts to market Indian-made drones. The Ministry approved liberalised drone laws in 2021 with the goal of encouraging R&D and making India a drone hub. Several licences and approvals were repealed. The number of forms that must be completed was lowered from 25 to five, and the charge categories were cut from 72 to four.  Drones are not permitted to operate in green zones, and no remote pilot licence is required for