Context: The Parliamentary Standing Committee on Information and Technology questioned Facebook officials over allegations that the algorithm promotes one political party. Concerns with Facebook Algorithms: Misuse for Political Advertising: Political campaigns, political action committees, and private citizens with their own agendas now have a new way to target voters via online platforms. As concerns about fake …
Startup India: Startup India is the government of India’s flagship initiative started in 2016. It aims to create a strong ecosystem for nurturing innovation and startups in the country, resulting in long-term economic growth and large-scale job creation. Positive Outcomes of Startup India: Addressing regional entrepreneurial disparities Startup India was created with the goal of …
Facts: India is home to the world’s third–largest startup ecosystem. India has recognised more than 61,000 startups as of date. In 2014, there were only four startups in the unicorn club but in 2022 there are more than 70 unicorns. Start-ups are responsible for 2/3rd of jobs in USA. There are more than a hundred funds …
Context: Foreign money pouring into the start-up universe may finally provide the stimulus to the economy that the government was unable to provide. Background: In the first six months of calendar 2021, $10 billion was raised by start-ups and private companies in India. In July, another $10 billion was raised, led by the mammoth $3.6 billion …
Utility: Direct question can be asked on the topic. Facts: Indian retail market would value at $2 trillion dollar by 2030 . How would big e-retailers dominate the market? Bulk buyers: Big e-retail companies will buy in bulk. They will dictate price and stifling terms to manufacturers. Technological advantage: Along with investment in Artificial Intelligence and …
Rising unicorns in India: According to Credit Suisse report, “due to remarkable confluence of changes in the funding, regulatory and business environment, there has been an acceleration of 100 unicorns in India with a combined market capitalisation of $240 billion.” Today, India has the third-largest number of unicorns globally. Achievements and Prospect of rising unicorns …
Context: A joint team of scientists from Defence Research and Development Organisation (DRDO) and Indian Institute of Technology (IIT) Delhi, for the first time in the country successfully demonstrated Quantum Key Distribution link between Prayagraj and Vindhyachal in Uttar Pradesh, a distance of more than 100 kilometres. What is Quantum Key Distribution Technology? QKD, also called Quantum Cryptography, is a mechanism to develop secure …
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Potential of Animation, Visual Effects, Gaming, and Comics (AVGC) sector in India: According to Sequoia India and BCG, India’s gaming business generates $1.5 billion in sales and is anticipated to triple to more than $5 billion by 2025. By 2030, the Indian media and entertainment industry is predicted to grow at a rate of nine …
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Context : Ministry of Electronics and Information Technology (MEITY) proposed a policy named “Draft India Data Accessibility & Use Policy, 2022” India Data Accessibility & Use Policy, 2022 Aim: To radically transform India’s ability to harness public sector data. The nature of the policy objectives suggested in the draft is mainly commercial. The Policy proposes permitting …
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Context: Consumer goods distributors in Maharashtra were protesting against Colgate’s alleged unfair treatment of traditional distributors with respect to B2B technology companies such as JioMart, Udaan, and others. What is the issue? The manufacturer, Colgate, sells its product to the distributor for ₹40 and the distributors sell Colgate toothpaste to retail stores for ₹45. The …
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