Cryptocurrency in India – Lessons from other Countries

Synopsis: No legal classification of cryptocurrency in India should not be the reason for its ban. There are some international examples, from where India can adopt some ways to deal with Cryptocurrencies. Introduction  El Salvador became the first country in the world to adopt bitcoin as legal tender. This shows the rising global trend of… Continue reading Cryptocurrency in India – Lessons from other Countries

Factors Affecting Growth of Block Chain technology in India

Synopsis:  There are many positive benefits in utilising blockchain technology. However, regulatory uncertainties in Policymaking have impeded the growth of Blockchain technology in India.  Background Satoshi Nakamoto created the most popular cryptocurrency, Bitcoin, in 2008, as a fully decentralised, peer-to-peer electronic cash system. Since then, Bitcoins have seen phenomenal growth in market value. For instance,… Continue reading Factors Affecting Growth of Block Chain technology in India

National AI Portal (INDIAai) celebrates its first anniversary

What is the News? The ‘National AI Portal’ celebrated its first anniversary on May 28, 2021. About National AI Portal: Firstly, the National AI Portal was launched in May 2020. It is a joint initiative by the Ministry of Electronics and IT (MeitY), National e-Governance Division(NeGD) and NASSCOM. Secondly, Purpose: The portal works as a… Continue reading National AI Portal (INDIAai) celebrates its first anniversary

Defence Minister launches “SeHAT OPD portal”

What is the News? The Defence Minister has launched the ‘Services e-Health Assistance & Tele-consultation (SeHAT) OPD portal. About SeHAT OPD portal: Firstly, SeHAT OPD Portal aims to provide tele-medicine services to the serving Armed Forces personnel, veterans and their families of the three Services. Secondly, the services will be provided by defence services doctors… Continue reading Defence Minister launches “SeHAT OPD portal”

Need of Indigenous Semiconductor Manufacturing Facilities in India – Explained Pointwise

Introduction  The Covid-19 pandemic and the subsequent lockdowns are impacting the production of semiconductor chips across the globe. It is creating shortages for the buyers, such as the car manufacturers and consumer electronics manufacturers in India. This in turn has forced manufacturers to reduce their production levels thereby their profit potential is decreasing.  The Chip… Continue reading Need of Indigenous Semiconductor Manufacturing Facilities in India – Explained Pointwise

Union Minister launches “NMMS app” and “Area officer monitoring App”

What is the News? The Union Minister of Rural Development has launched the NMMS (National Mobile Monitoring Software) app and Area Officer Monitoring App. About NMMS (National Mobile Monitoring Software) app : NMMS App permits taking real-time attendance of workers at Mahatma Gandhi NREGA worksites along with geotagged photographs. Impact: This will increase citizen oversight… Continue reading Union Minister launches “NMMS app” and “Area officer monitoring App”

IIT-M team develops “Blocktrack app” for healthcare information system

What is the News? Researchers at the Indian Institute of Technology-Madras have developed a mobile app named “Blocktrack app”. About Blocktrack App: Blocktrack is a blockchain-based secure medical data and information exchange system for mobile phone applications. Purpose: The App aims to digitise healthcare information systems. At the same time the app will protect sensitive personal… Continue reading IIT-M team develops “Blocktrack app” for healthcare information system

“Mayflower 400” – World’s First Artificial Intelligence Ship

What is the News? A team of researchers from the marine research organization ProMare in collaboration with IBM built the world’s first Artificial Intelligence(AI) ship named ‘Mayflower 400’.  About MayFlower-400: Mayflower 400 is an unmanned and completely autonomous ship. It is powered by Artificial Intelligence and the Sun’s energy via solar panels. Purpose: Main aim… Continue reading “Mayflower 400” – World’s First Artificial Intelligence Ship

Future of Cryptocurrencies in India

Synopsis: The Government is planning to ban all private cryptocurrencies in India while supporting an RBI-backed cryptocurrency. Background: The proposed Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 bans all private cryptocurrencies.  It lays down the regulatory framework for the launch of an “official digital currency”.  Further holders of private cryptocurrencies will have a 3-6… Continue reading Future of Cryptocurrencies in India

Introducing National Digital Currency in India – Explained, Pointwise

Introduction There is uncertainty over the legal status of digital currencies in India. An unofficial estimate mentions that Indian investors holding around $1.5 billion (Rs 10,000 crore) in digital currencies. The inter-ministerial committee (IMC) suggested a ban on private digital currencies, but it favors RBI-backed National Digital Currency or central bank digital currency (CBDC). The… Continue reading Introducing National Digital Currency in India – Explained, Pointwise