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Today’s important articles/news in various newspapers (12th April)

Dear aspirants, following are the links of various articles taken from various newspapers. Click the link to read further. To get notification, follow the blog. Thank you

1. Govt nod for natural gas exploration in areas allotted to Coal India

The cabinet committee on economic affairs (CCEA) approved exploration and production from areas allotted to state-run Coal India Ltd

Exploring natural gas

  1. The cabinet committee on economic affairs (CCEA) has approved exploration and production of natural gas from areas allotted to state-run Coal India Ltd
  2. This will help expand India’s coal bed methane (CBM) sector

Push for a gas-based economy

  1. India has been pushing for a gas-based economy
  2. As the world’s fourth-largest liquefied natural gas (LNG) importer, it has been trying to leverage the glut in global LNG supplies to renegotiate its contracts
  3. The decision will help India’s natural gas production and reduce the demand-supply gap in the country

2. Allocation of cases is CJI’s prerogative, rules Supreme Court

A Supreme Court Bench led by Chief Justice Dipak Misra on Wednesday declared the Chief Justice of India an “institution in himself” with “exclusive prerogative” to constitute Benches and allocate cases.

3. IRNSS-1I up in space, completes navigation fleet

Navigation satellite IRNSS-1I

  1. It was successfully launched early morning today
  2. It is eighth in series and completes the first phase of the Indian regional navigation constellation
  3. Although 1I is the ninth to be launched in the NavIC navigation fleet, it counts as the eighth as the previous one, 1H, was lost in a faulty launch last August
  4. They were planned as backups but became necessary after the three imported rubidium atomic clocks on 1A failed while in orbit

Importance of the satellites

  1. The navigation satellites, dubbed India’s own GPS, are meant for giving precise information of position, navigation and time of objects or people
  2. They have a civilian and a restricted military/security applications
  3. Built for a ten-year job in space, 1I is expected to be ready for work in about a month after routine orbit manoeuvres and tests

 Rubidium atomic clocks 

  1. A rubidium standard or rubidium atomic clock is a frequency standard in which a specified hyperfine transition of electrons in rubidium-87 atoms is used to control the output frequency
  2. It is the most inexpensive, compact, and widely produced atomic clock, used to control the frequency of television stations, cell phone base stations, in test equipment, and global navigation satellite systems like GPS
  3. Commercial rubidium clocks are less accurate than cesium atomic clocks, which serve as primary frequency standards, so the rubidium clock is a secondary frequency standard
  4. However, rubidium fountains are currently being developed that are even more stable than caesium fountain clocks

Indian Regional Navigation Satellite System

  1. The Indian Regional Navigation Satellite System (IRNSS) with an operational name of NAVIC (which stands for NAVigation with Indian Constellation) is an autonomous regional satellite navigation system, that provides accurate real-time positioning and timing services
  2. It covers India and a region extending 1,500 km (930 mi) around it, with plans for further extension
  3. The system at-present consist of a constellation of 7 satellites, with two additional satellites on ground as stand-by
  4. The constellation is already in orbit and system was expected to be operational from early 2018 after a system check
  5. NAVIC will provide two levels of service, the ‘standard positioning service’ will be open for civilian use, and a ‘restricted service’ (an encrypted one) for authorized users (including military). Due to the failures of one of the satellites and its replacement no new dates for operational status has been set.

4. A global outlook on virtual currencies

From various public announcements, some broad themes emerge on how other central banks have dealt with virtual currencies.

Stopping virtual currency trading

  1. The Reserve Bank of India (RBI) has asked banks to stop providing service to any entity dealing with virtual currencies, with immediate effect
  2. Regulated entities that are already providing such services should exit the relationship within three months

Introducing its own digital currency

  1. RBI said that it would explore introducing digital currency
  2. RBI has formed an interdepartmental group to study and provide guidance on the desirability and feasibility to introduce a central bank digital currency
  3. The report will be submitted by end-June 2018

5. ‘Digital transformation to add $154 billion to India’s GDP’

Impact of digital transformation

  1. Within the next four years, it is estimated that nearly 60% of India’s GDP will have a strong connection to the digital transformation trends
  2. Digital transformation will add an estimated $154 billion to India’s GDP by 2021
  3. It would also increase the growth rate by 1% every year

Current scenario

  1. In 2017, about 4% of India’s GDP was derived from digital products and services created through digital technologies
  2. This was from digital products and services created directly through the use of digital technologies, such as mobility, cloud, Internet of Things (IoT), and artificial intelligence (AI)

Internet of Things (IoT)

  1. IoT is the network of physical devices, vehicles, home appliances and other items embedded with electronics, software, sensors, actuators, and connectivity which enables these objects to connect and exchange data
  2. Each thing is uniquely identifiable through its embedded computing system but is able to inter-operate within the existing Internet infrastructure
  3. The IoT allows objects to be sensed or controlled remotely across existing network infrastructure
  4. When IoT is augmented with sensors and actuators, the technology becomes an instance of the more general class of cyber-physical systems, which also encompasses technologies such as smart grids, virtual power plants, smart homes, intelligent transportation and smart cities

6. Narendra Modi govt planning to support ‘yogik’, ‘gou mata’ farming

The agriculture ministry plans to offer cash incentives to farmers who take up ‘yogik’ farming, ‘gou mata kheti’ and ‘rishi krishi’—obscure methods of cultivation that have little scientific evidence to prove they are beneficial.

Reference: Andhra farmers taste success with Zero Budget Natural Farming

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