Telangana Affairs
State inflation dips below 7%, but still highest in country
Telangana’s Consumer Price Index dipped below 8% in April for first time in two years, but its inflation rate remains highest in the country at 6.4%. Though the drop was significant, experts believe lowering prices will help reduce inflation asper Reserve Bank of Indiaguidelines.
As per new economic parameters, inflation below 10% is referred to as a walking or moderate inflation, with the rate of increase in prices is in the intermediate range of 3 to less than 10%. Different types of inflation have different guidelines and parameters. Till recently, Telangana had an inflation rate in the range of 8-10%.
Along with Telangana, the only two states with an April inflation rate of more than 6% are Uttarakhand and Mizoram. Inflation in neighbouring Andhra Pradesh was around 5% akin toUttar Pradesh, Rajasthan, Haryana,Tamil Nadu, and Kerala. In April, the country’s inflation rate was encouraging at 4.7%, well within RBI’s acceptable limits.
National and International Affairs
Indias Deep Ocean Mission: Advancing the Blue Economy
Dr. Jitendra Singh, Union Minister of State (Independent Charge) for Science & Technology, Minister of State (Independent Charge) for Earth Sciences, and MoS for PMO, Personnel, Public Grievances, Pensions, Atomic Energy, and Space, stated that theBlue Economywould be a significant contributor to Indias overall economy in the future, and theDeep Ocean Mission, announced by Prime Minister Narendra Modi, would be its core component. The Minister chaired thefirst-ever high-level Steering CommitteeMeeting of the Deep Ocean Mission at Prithvi Bhawan in New Delhi. The Committee includes Union Ministers of State for Environment, External Affairs, Defence, and Finance, as well as the Vice Chairman of NITI Aayog.
It is a groundbreaking initiative that aims to sendmanned submersibles into the deep seafor ocean exploration and rare mineral mining.
The project focuses on exploring resources likepolymetallic manganese nodules,gas hydrates,hydrothermal sulfides, and cobalt crusts, typically found at depths ranging from 1000 to 5500 meters.
MoPSW ranked 2nd in the Survey Report on Data Governance Quality Index
TheMinistry of Ports, Shipping and Waterways (MoPSW)has achieved an outstanding accomplishment in securing the second position among 66 ministries in the highly influentialData Governance Quality Index (DGQI)assessment for 2022-2023 Q3. The Ministry has been awarded an impressive score of 4.7 out of 5, which highlights the ministrys unwavering commitment to achieving excellence in data governance.
TheDGQIsurveyis conducted by theDevelopment Monitoring and Evaluation Office (DMEO), Niti Aayog, with the intention of measuring the maturity level of administrative data systems used in decision-making processes by various Ministries and Departments for the implementation ofCentral Sector Schemes (CS)andCentrally Sponsored Schemes (CSS).
With 48 GI-tagged goods to itscredit, UP is now 2nd in country
Uttar Pradeshhas achieved the second position nationally in terms of having the maximum number of Geographical Indication-tagged goods after receiving GI tags for three more ODOP crafts Mainpuri tarkashi,Mahoba Gaurastone craft, and Sambhal horn craft with the technical facilitation provided by the Varanasi-based NGO Human Welfare Association (HWA).
Tamil Naduhas maximum 55 GI-tagged goods while UP and Karnataka have 48 and 46 GI products, respectively. However, UP is first in terms of GI-tagged handicrafts with 36 crafts to its credit.
Currently Tamil Nadu has maximum 55 GI-tagged goods while UP and Karnataka have 48 and 46 Gi products, respectively. Among the 48 GI goods of UP, 36 products belong to the handicraft category. In Varanasi region alone, 18 GI-tagged goods out of 23 belong to the handicraft category.
NASA Forms Association with IBMs AI to Instigate Geospatial Model, Will Discover Climate Data
In order to tackle Earths climate crisis, a new study will be formed with the help of a Geospatial Model. The NASA Space Agency has joined hands with Technology Giant IBM to conduct environmental research and analysis and transform satellite data into detailed maps. Know here more about this exciting exploration of Earths history and future.
NASA together with IBM Company has come up with a new project that will be carried forward with the help of Artificial Intelligence (AI) and Machine Learning for building a sustainable foundation model. In May this year, these two big corporations formed an alliance with each other to collect geospatial data.
Geospatial Modeling or GIS is a special technique to detect patterns in any data that is related to maps or geospatial content. Spatial or Geospatial data is acquired by location and demographic attributes.