World Bank announces $530 million in new funding for Ukraine

The has announced $530 million in supplemental funding for Ukraine to enable it to “meet urgent needs created by Russia’s invasion.”

The support, in the form of a new loan from the International Bank for Reconstruction and Development, is being guaranteed by Britain to the tune of $500 million,

with Denmark backing the remaining $30 million.

The bank said it had already mobilized almost $13 billion in emergency funding for Ukraine, $11 billion of which had already been disbursed.

Punjab, Haryana in list of 7 top states that make life easier for business

Seven states, includingAndhra Pradesh, Gujarat,Haryana,Karnataka, Punjab, Naduand Telangana, have emerged as top achievers among states and union territories in

theBusiness Reforms Action Plan(BRAP) assessment, covering 15 areas and 301 reform action points.
Based on their performance, states and UTs have also been categorised as achievers, aspirers and emerging business Ecosystems, unlike the past, when they were ranked.

They are now being pushed to decriminalise provisions in their laws so that minor offences do not result in harsh penalties. The move comes as a similar exercise is under way at the Centre with several laws, such as the Companies Act, already seeing changes. We have requested states to look very closely at decriminalisation…Make it a civil penalty or compoundable for minor violations, saidAnurag Jain, secretary in the department for promotion of Industry and internal trade, which undertakes the exercise.

Ramagundam: Indias largest floating Solar Power Project

Indias largest floating solar power plant was made fully operational by NTPC at Ramagundam, .

The capacity of solar plant is 100 MW.

It is powered with advanced technology and Environment friendly features.

The project spreads over 500 acres of its reservoir.

The project is divided into 49 blocks. Each block has capacity of 2.5MW and each block comprise of one floating platform and a matrix of 11,200 solar modules.

The solar modules are kept

on floaters which are manufactured with HDPE (High Density Polyethylene) material.

DRDO: Autonomous Flying Wing Technology Demonstrator

It was maiden flight of the Autonomous Flying Wing Technology Demonstrator.

The aircraft operated in a fully autonomous mode and also performed a perfect flight, including its take-off, way point as well as a smooth touchdown.

It has been termed a significant step towards our self-reliance in strategic DEFENCE technologies and critical military system.

The Autonomous Flying Wing Technology Demonstrator has been designed and developed by Aeronautical Development Establishment (ADE) of DRDO.

UCAV is an unmanned aerial vehicle (UAV), which is used for intelligence, target acquisition, surveillance, and reconnaissance.

PM Narendra Modi participates Udyami Bharat, launches schemes for MSME sector

Prime MinisterNarendra Modiparticipated in the Udyami Bharat programme and launched key initiatives like Raising and Accelerating MSME Performance(RAMP) scheme,Capacity Building of First-Time MSME Exporters(CBFTE) scheme and new features of the Prime Ministers EMPLOYMENT Generation Programme (PMEGP) to ramp up the MSME sector.

Modi also digitally transferred assistance to beneficiaries of PMEGP for 2022-23; announced results of the MSME Idea Hackathon, 2022; distributed National MSME Awards, 2022; and issued Digital Certificates to 75

MSMEs in the Self Reliant India (SRI) Fund.

RAMP scheme with an outlay of around Rs 6000 crore, aims to scale up the implementation capacity and coverage of MSMEs in the states, with impact enhancement of existing MSME schemes.

The report also noted that after theCovid-19 pandemic, the worlds urban population is once again on track to increase by another 2.2 billion people by the year 2050.

According to the report, Indias urban Population is expected to reach 675,456,000 in 2035, up from 483,099,000 in 2020, 542,743,000 in 2025, and 607,342,000 in 2030. 43.2 percent of Indias population will be

living in urban areas by the middle of the year in 2035.

The World UFO Day (WUD)is held onJuly 2every year globally. It is a day dedicated to the undoubted existence ofUnidentified Flying Objects (UFO)by World UFO Day Organization (WUFODO).

WUD aims to raise awareness about the existence of UFOs and encouraging people to think about the possibility of us not being alone in the Universe. The World UFO

Day provides an opportunity to these explorers and enthusiasts to discuss, decode, and deduce multiple theories related to UFOs.

Space System Design Lab

The space system design lab was inaugurated recently in Ahmedabad by the Indian National Space Promotion and Authorization Centre (IN-SPACe). The Space Systems Design Labs purpose is to help space start-ups turn their innovative ideas into implementable models more quickly, and reduce research and development costs.

The main focus of the IN-SPACe design lab is to enable start-ups in the space sector to build prototypes with the least iterations, thus significantly reducing the turnaround time and research and development costs for start-ups. In turn, this will help non-government entities (NGEs) to play an important part in the development of cutting-edge space technologies.

To achieve its objectives, the IN-SPACe design lab comprises high-end analysis and simulation

Software for mission simulation, modeling, visualizing, optimizing payload and spacecraft, ground station, and launch vehicle avionics. The software Resources include Pathwave system design, System Tool Kit, Advance Design Systems, 3D CAD Mach 3, high frequency structure simulation, Simcenter 3D space System (Thermal and cooling), Finite Element analysis structure (FEAST) and OpticStudio (Zemax). They will play a part in mission planning to RF, structural and thermal design and analysis of space systems.

Defence Ministrys Rs 5,400 crore Defence Contract

The Ministry of DEFENCE of India has recently signed three defence contracts with Bharat Electronics Limited (Bel) and NewSpace India Limited (NSIL) on March 29, 2023. The total cost of these three contracts is nearly Rs 5,400 crore. This decision was taken to support the modernization of Indias armed forces and make them more self-sufficient.

Indias First Quantum Computing-based Telecom Network Link Now Operational

Indias first quantum computing-based telecom Network link has been made operational between Sanchar Bhawan and National Informatics Centre office in New Delhi. Telecom Minister Ashwini Vaishnaw announced prize of Rs 10 lakh for ethical hackers who can break the encryption of the system and also launched a hackathon challenge for anyone who can break the system developed by C-DoT, with a reward of Rs 10 lakh per break.

A quantum computing-based telecom network uses the principles of quantum physics to transmit information, providing a more secure method than traditional networks. Quantum Communication relies on quantum mechanics properties, making it hard to intercept or hack the communication. This technology has the potential to revolutionize the telecom Industry by enabling faster, more efficient, and secure communication.

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