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Daily Archives: July 14, 2023

Chandrayaan-3: India's Mission to Soft-Land on the Moon's South Pole

Chandrayaan-3: India’s Mission to Soft-Land on the Moon’s South Pole

Chandrayaan-3: India’s Mission to Soft-Land on the Moon’s South Pole Chandrayaan-3 is India’s third lunar mission, following the Chandrayaan-2 mission, with the goal of achieving a soft landing on the lunar surface and deploying a rover. Chandrayaan-3 aims to showcase India’s capabilities in landing and exploring the Moon’s South Pole, a region known for the …

July 14, 2023 -_4.1

Inauguration of ‘Sagar Sampark’ DGNSS by Sarbananda Sonowal

About the News With the aim of fostering digitalization in the maritime domain, Sarbananda Sonowal, the Union Minister of Ports, Shipping, and Waterways, launched Sagar Sampark, an indigenous Differential Global Navigation Satellite System (DGNSS). Sagar Sampark’s primary objective is to improve the precision of positioning data by rectifying errors and inaccuracies found in the Global …

July 14, 2023 -_6.1

NASA-ISRO Earth Observing Satellite NISAR coming together in India

  Why in News? Two major components of the NISAR satellite have been combined to create a single spacecraft in Bengaluru, India. Set to launch in early 2024, NISAR – short for NASA-ISRO Synthetic Aperture Radar, is being jointly developed by NASA and the Indian Space Research Organisation, or ISRO, to track movements of Earth’s land …

July 14, 2023 -_8.1

CarTrade Tech to acquire OLX India’s auto business for ₹537 cr

Context: Mumbai- based used car platform Car Trade Tech will acquire online marketplace OLX India’s auto sales business for Rs.537 cr.  What’s in News? On 10th July in a stock exchange filing, CarTrade Tech announced it will acquire 100% stake in Sobek Auto Pvt Ltd. the entity which bought OLX India’s Auto-motive business for cash …

Cabinet Approves Changes to Jan Vishwas Bill to Decriminalize Offences in 42 Laws

Cabinet Approves Changes to Jan Vishwas Bill to Decriminalize Offences in 42 Laws

The Union Cabinet has reportedly approved amendments to the Jan Vishwas (Amendment of Provisions) Bill, 2023. The proposed changes aim to decriminalize minor offences by amending 183 provisions across 42 Acts administered by 19 ministries. The objective is to promote ease of doing business and reduce the backlog of court cases. Background: The Jan Vishwas …

RBI Cancels Registration of Four NBFCs, 11 Surrender Certificates

RBI Cancels Registration of Four NBFCs, 11 Surrender Certificates

The Reserve Bank of India (RBI) recently announced the cancellation of registration for four non-banking finance companies (NBFCs) and the surrender of licenses by 11 other entities. This move signifies the RBI’s efforts to maintain regulatory compliance and ensure the stability of the financial sector. Cancellation of NBFC Licenses: The RBI cancelled the certification of …