Daily Current Affairs

Prelims Prominence - November 15, 2018

Science & Technology

ISRO Launches Communication Satellite, Has 'Geo-Eye' To Monitor India Heaviest satellite to be carried on indigenous rocket

What

  • GSAT-29 communication satellite, which is being carried by Indian Space Research Organisation (ISRO)'s Geosynchronous Satellite Launch Vehicle (GSLV-Mk III) was successfully launched into space
  • With The Launch, The Satellite Aims At Solving The Communication Barriers Faced By Village Resource Centres (Vrcs), Which Are Responsible For Providing Space-Based Services To Isro From Rural Areas.

HIGHLIGHTS

  • The rocket was launched at its scheduled time of 5.08pm today
  • The GSAT-29 is the 33rd communications satellite made by India
  • The satellite will help provide internet connectivity to remote area

Connect to the heaviest rocket

  • India's heaviest rocket, referred to as "Baahubali", successfully placed the sophisticated communications satellite GSAT-29 in the orbit today.
  • India space agency ISRO's Geosynchronous Satellite Launch Vehicle Mark III (GSLV Mk-III-D2) - on its second developmental flight - lifted off from Sriharikota, India's rocket port in Andhra Pradesh on the coast of the Bay of Bengal.
  • Cyclone Gaja did not pay spoilsport and the launch was not affected by it. The launch could have been affected by the cyclone, which was one of the apprehensions since the countdown.
  • This is the 67th launch from Sriharikota and the GSAT-29 is the 33rd communications satellite made by India.

Connect to GSAT – 29

  • The advanced communications satellite weighs 3,423 kg and will help provide internet connectivity, especially in the remote areas of Jammu and Kashmir and north-eastern India
  • The satellite also carries a unique laser based optical communication that ISRO is testing for the first time.
  • The GSLV Mk- III weighs 641 tons, which is equal to the weight of five fully loaded passenger planes. At 43 meters tall, it is higher than a 13-storey building. Although it is the heaviest among India's operational launch vehicles, it is also the shortest.
  • The rocket took 15 years to make and each launch is expected to cost an upwards of Rs. 300 crores.
  • As the launch has been successful, the GSLV Mk-III will be declared operational.
  • The GSLV Mk-III will be used to launch India's Chandrayaan-2 early next year and Gaganyaan before 2022.
  • The rocket is capable of launching 4-ton class of communication satellites, pushing India into the big boys space club.
  • The GSLV Mk- III weighs 641 tons, which is equal to the weight of five fully loaded passenger planes. At 43 meters tall, it is higher than a 13-storey building. Although it is the heaviest among India's operational launch vehicles, it is also the shortest.
  • The rocket took 15 years to make and each launch is expected to cost an upwards of Rs. 300 crores.
  • The first operational mission of this vehicle (GSLV-MkIII) is going to be none other than the Chandrayaan-II mission in January next year.
  • This vehicle is going to carry a human to space three years from now.
  • The communication satellite, weighing 3,423 kg, “is a multiband, multi-beam communication satellite, intended to serve as test bed for new and critical technologies

Minority Affairs

Inauguration of “Hunar Haat” Hunar Haat will provide market and opportunity to Master Artisans and Craftsmen

What

  • Union Minister for Minority Affairs Shri Mukhtar Abbas Naqvi inaugurated the “Hunar Haat” on 15thNovember, 2018 at India International Trade Fair (IITF) at Pragati Maidan in New Delhi.

Connect to Hunar Haat

  • Hunar Haat being organised across the country by the Ministry of Minority Affairs has proved to be “Empowerment & Employment Exchange” for master artisans and craftsmen.
  • It is a mission to provide market and opportunity to master artisans and craftsmen.
  • The master artisans, including a large number of women artisans, from across the country are participating in the “Hunar Haat”.
  • The artisans will brought with them very exquisite pieces of Handicraft & Handloom work products
  • The employment oriented programmes of the Central Government like “Hunar Haat” has significantly encouraged and promoted the rich traditional heritage of master artisans who had been marginalised for a long time.
  • The target is to provide employment and marketing opportunities to about 5 lakh people through “Hunar Haat”.

Commerce & Industry

2nd Startup India Investment Seminar in Beijing

What

  • Embassy of India in China in partnership with Startup India Association (SIA) and Venture Gurukool organized 2nd Startup India Investment Seminar on 12 November 2018 in Beijing for fostering innovation and entrepreneurship among Indian youth.
  • The 1st Startup Indian Investment event was organised in November 2017.

Connect to the event

  • The event was planned to expose Chinese VCs and investors to the promising Indian startups and also help Indian startups to reach out to the large Chinese investors for receiving investment for their companies.
  • Forty-two Indian entrepreneurs representing 20 Indian startups participated in the event and pitched before Chinese investors to make investments in their ventures.
  • More than 350 Chinese Venture Capital (VC) funds, angel investors participated in a day long pitching session and seminar.

Financial Inclusion

APIX (Application Programming Interface Exchange)

What

  • In a bid to reach two billion people worldwide who are still without bank accounts, Prime Minister Modi launched the APIX (Application Programming Interface Exchange), a banking technology platform in Singapore .

Connect to APIX

  • APIX is a banking technology platform which is designed to reach two billion people all across the world who are still living without bank accounts.(Reuters)
  • The technology platform was launched by Modi along with Deputy Prime Minister of Singapore T Shanmugaratnam after he became the first leader to address the esteemed Fintech Festival in the country.
  • APIX is a banking technology platform which is designed to reach two billion people all across the world who are still living without bank accounts.
  • The technology platform has been designed by software experts based out of Hyderabad, Colombo and London.
  • It is a sophisticated technology developed by Boston-headquartered Virtusa, especially for smaller banks, Tier 3 and 4, to reach out to people living in the remote regions.
  • The technology platform is designed to assist banking institutions to reach out the people without bank accounts in 23 nations such as 10 ASEAN members as well as major markets such as India, and small nations including Fiji

Sources – PIB, The Hindu , Indian express