Archives: Current Affair

February 27, 2024

Unveiling the Concept of Stratospheric Aerosol Intervention (SAI)

In recent investigations, the focus has shifted towards assessing the efficacy of Stratospheric Aerosol Intervention (SAI) in mitigating the impacts of global warming specifically in the regions of West Asia (commonly referred to as the Middle East) and North Africa (MENA). Let’s delve into a comprehensive understanding of SAI and its implications. Decoding Stratospheric Aerosol […]



February 27, 2024

SEBI Warns Against Fraudulent FPI Trading Schemes

The Securities and Exchange Board of India (SEBI) has raised a red flag against a surge in fraudulent activities targeting investors through deceptive trading platforms. These platforms falsely purport affiliation with SEBI-registered Foreign Portfolio Investors (FPIs), enticing individuals with promises of lucrative trading opportunities. Modus Operandi of Fraudsters SEBI has received numerous complaints outlining the […]



February 27, 2024

Electric Vehicle Market Dynamics: Insights into Tesla, BYD, and VinFast Proposals and Indian Policy Responses

Introduction: The electric vehicle (EV) market is witnessing significant interest from global players like Tesla, BYD, and VinFast in India. Each company’s proposal is met with distinct policy responses from the Indian government, reflecting the nation’s evolving strategy towards EV adoption. Tesla’s Entry Strategy: Tesla, led by Elon Musk, is engaging in discussions with the […]



February 25, 2024

RBI’s Directive to NPCI Regarding Paytm’s TPAP Request: Implications and User Benefits          

Introduction: The Reserve Bank of India (RBI) has recently instructed Paytm Payments Bank Limited to cease operations by March 15, 2024, which raises concerns about the continuity of Paytm’s Unified Payments Interface (UPI) services. In response, the RBI has urged the National Payment Council of India (NPCI) to evaluate One97 Communications’ (OCL) request to function […]



February 25, 2024

Unveiling ‘Hanooman’: A Comprehensive Look at the Indic AI Model         

In a significant development, the BharatGPT group has introduced ‘Hanooman,’ a groundbreaking series of large language models (LLMs) proficient in responding across 11 Indian languages, including Hindi, Tamil, and Marathi, with plans for further expansion. Led by IIT Bombay in collaboration with seven other prestigious Indian engineering institutes, the initiative, announced on Tuesday, is backed […]



February 25, 2024

Assam Government Repeals Muslim Marriage Act: Understanding the Decision and Political Context           

Introduction: In a recent development, the Assam government has taken the decision to repeal the Assam Muslim Marriage and Divorce Registration Act of 1935, following a meeting on Friday, February 23. This decision has stirred discussions regarding its implications, the rationale behind it, and the political climate surrounding the move. Understanding the Act: Enacted in […]



February 25, 2024

Analyzing the Household Consumption Expenditure Survey 2022-23        

Introduction The Household Consumption Expenditure Survey 2022-23 provides valuable insights into the changing consumption patterns and standards of living across India. This article explores five key questions answered by the survey, shedding light on trends in spending habits, nutritional consumption, inflation measurement, imputed expenditure data, and disparities in living standards among states and union territories. […]



February 25, 2024

Advancements in Newly Amended Electricity Rules to Boost Rooftop Solar Power, Consumer Empowerment, and Electric Vehicle Adoption

Introduction: The recent amendments to the Electricity (Rights of Consumers) Rules, 2020, spearheaded by the Ministry of Power, aim to catalyze the adoption of rooftop solar power, enhance consumer empowerment, and facilitate the integration of electric vehicles (EVs) into the electricity grid. These amendments, introduced on February 22, usher in pivotal changes that streamline processes, […]



February 24, 2024

Exploring a New Trade Route to Israel via Mundra Port to Bypass Red Sea: Mechanics and Implications          

Introduction: Amidst ongoing tensions in the Red Sea, Israel is pioneering a new trade route via Mundra port in Gujarat to circumvent disruptions caused by attacks on Israel-linked ships. Transport Minister Miri Regev unveiled this alternative path, which aims to streamline trade operations while bypassing the perilous Red Sea route. This article delves into the […]



February 24, 2024

The Emergence of Gemma: Google’s Open Source AI Models       

Introduction: Google has unveiled Gemma, its latest open artificial intelligence (AI) offering, aiming to provide accessible AI models while adhering to strict principles of responsibility. This move comes hot on the heels of OpenAI’s Sora making headlines recently, showcasing the rapid evolution within the AI landscape. What is Gemma? Gemma represents a family of lightweight, […]



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Current Affair | Vaid ICS Institute - Part 37