BRICS officially unveils a new demo of its payment system, BRICS Pay.
At the BRICS Business Forum taking place in Moscow.
https://brics-pay.com/
At the BRICS Business Forum taking place in Moscow.
https://brics-pay.com/
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About Mechazilla:
β’ It is the nickname for the large 400-ft rocketcatching structure at SpaceX's Starbase.
Feature β’ It features two enormous mechanical arms, often referred to as "chopsticks." These arms are designed to catch the Super Heavy booster in midair as it returns to Earth.
Working of Mechazilla β’
Launch and Ascent: The SpaceX Starship rocket, along with its Super Heavy booster, launches from the ground.
Booster Separation : After reaching a certain altitude, the booster separates from the upper stage of the rocket.
Controlled Descent : The booster begins descending back to Earth, using precision thrusters to control its path.
β’ Catching the Booster : As the booster nears the landing site, Mechazilla's giant arms move into position. The booster hovers briefly before the arms catch it, ensuring a safe and controlled landing.
Significance:
Re-useable: β’ This new method of rocket recovery is far more efficient and reusable compared to traditional landing techniques.
β’ It is the nickname for the large 400-ft rocketcatching structure at SpaceX's Starbase.
Feature β’ It features two enormous mechanical arms, often referred to as "chopsticks." These arms are designed to catch the Super Heavy booster in midair as it returns to Earth.
Working of Mechazilla β’
Launch and Ascent: The SpaceX Starship rocket, along with its Super Heavy booster, launches from the ground.
Booster Separation : After reaching a certain altitude, the booster separates from the upper stage of the rocket.
Controlled Descent : The booster begins descending back to Earth, using precision thrusters to control its path.
β’ Catching the Booster : As the booster nears the landing site, Mechazilla's giant arms move into position. The booster hovers briefly before the arms catch it, ensuring a safe and controlled landing.
Significance:
Re-useable: β’ This new method of rocket recovery is far more efficient and reusable compared to traditional landing techniques.
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Perigee and Apogee:
Perigee is the point in the moon's elliptical orbit that is closest to the Earth. At perigee, the moon is at its smallest apparent size and its gravitational pull on the Earth is strongest.
Apogee is the point in the moon's elliptical orbit that is farthest from the Earth. At apogee, the moon is at its largest apparent size and its gravitational pull on the Earth is weakest.
Perigee is the point in the moon's elliptical orbit that is closest to the Earth. At perigee, the moon is at its smallest apparent size and its gravitational pull on the Earth is strongest.
Apogee is the point in the moon's elliptical orbit that is farthest from the Earth. At apogee, the moon is at its largest apparent size and its gravitational pull on the Earth is weakest.
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Source: Indian Express
Quite informative fact.
FY 2023-24 (Centre)
Tax to GDP Ratio: 11.7%
Direct Tax to GDP ratio: 6.6%
Indirect Tax to GDP ratio: 5.1%
Proportion of Direct : Indirect tax = 56.7: 43.3
[States tax to GDP ratio is approx. 5.5% of GDP]
FY 2024-25: (Provisional) Centre
Personal: Rs. 11.87 lakh crore
Corporate: Rs. 10.2 lakh crore
GST: Rs. 10.6 lakh crore
Other Indirect taxes (Customs, Excise...): Rs. 5.5 lakh crore
Our Personal income tax is progressive while Corporate income tax is proportional. But Indirect taxes (GST & others) are regressive. So, it is always a better policy that tax collection should be more from direct taxes (as compared to indirect taxes) which is exactly happening in the economy.
Tax Buoyance (% change in tax revenue/ % change in nominal GDP) has crossed 2 which is very good sign for the economy.
~ Vivek Sir
Quite informative fact.
FY 2023-24 (Centre)
Tax to GDP Ratio: 11.7%
Direct Tax to GDP ratio: 6.6%
Indirect Tax to GDP ratio: 5.1%
Proportion of Direct : Indirect tax = 56.7: 43.3
[States tax to GDP ratio is approx. 5.5% of GDP]
FY 2024-25: (Provisional) Centre
Personal: Rs. 11.87 lakh crore
Corporate: Rs. 10.2 lakh crore
GST: Rs. 10.6 lakh crore
Other Indirect taxes (Customs, Excise...): Rs. 5.5 lakh crore
Our Personal income tax is progressive while Corporate income tax is proportional. But Indirect taxes (GST & others) are regressive. So, it is always a better policy that tax collection should be more from direct taxes (as compared to indirect taxes) which is exactly happening in the economy.
Tax Buoyance (% change in tax revenue/ % change in nominal GDP) has crossed 2 which is very good sign for the economy.
~ Vivek Sir
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Greenwashing is the process of conveying a false impression or misleading information about how a companyβs products are environmentally sound. β Greenwashing involves making an unsubstantiated claim to deceive consumers into believing that a companyβs products are environmentally friendly or have a greater positive environmental impact than is true.
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Article 6A:-. [ Special provisions as to citizenship of persons covered by the Assam Accord.]
Article 6A of the Citizenship Act was inserted by the Citizenship (Amendment) Act, 1985.
Purpose:-
Section 6A was introduced to address the citizenship status of people who migrated from Bangladesh to Assam.
Provisions:-
Section 6A granted citizenship to people of Indian origin who came to Assam before January 1, 1966. It also granted citizenship to people who came to Assam between January 1, 1966, and March 25, 1971, after 10 years of residence. People who came to Assam after March 25, 1971, were to be deported.
Justice Pardiwala, the sole dissenter, held that the provision was unconstitutional and clarified that it had a prospective effect.
Article 6A of the Citizenship Act was inserted by the Citizenship (Amendment) Act, 1985.
Purpose:-
Section 6A was introduced to address the citizenship status of people who migrated from Bangladesh to Assam.
Provisions:-
Section 6A granted citizenship to people of Indian origin who came to Assam before January 1, 1966. It also granted citizenship to people who came to Assam between January 1, 1966, and March 25, 1971, after 10 years of residence. People who came to Assam after March 25, 1971, were to be deported.
Justice Pardiwala, the sole dissenter, held that the provision was unconstitutional and clarified that it had a prospective effect.
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Agents of UPSC CSE π©
140+ hours of Hunger strike One of the junior doctors, who has been on a hunger strike seeking justice for the colleague allegedly raped and murdered at Kolkataβs RG Kar Medical College and Hospital, was hospitalised after his condition deteriorated. Shameβ¦
Today is 13th day of Hunger strike by our Doctors
What the hell Mamta govt doing π
What the hell Mamta govt doing π
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Agents of UPSC CSE π©
Photo
We are proud of you Ex Raw official Vikas yadavβ‘οΈ
An Unknown man π₯
An Unknown man π₯
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India's clean energy transition is marked by ambitious targets and innovative technologies.
Renewable Energy Capacity:
India aims for 500 GW of renewable energy by 2030, with a potential increase to 1 TW by 2035. As of May 2024, installed capacity reached 191 GW, including 85 GW from solar power.
Green Hydrogen Initiative:
The National Green Hydrogen Mission targets 5 million metric tonnes of green hydrogen production by 2030, significantly reducing emissions in heavy industries, which contribute over 30% of India's carbon emissions.
Carbon Capture Technology:
Implementing CCUS can mitigate emissions from industrial processes, addressing India's status as the third-largest CO2 emitter with approximately 2.6 GT per annum.
Bioenergy Production:
Utilizing agricultural waste and municipal solid waste for energy generation addresses both energy needs and waste management. India generates about 62 million tons of municipal solid waste annually.
Smart Grid AI:
AI enhances energy network stability and predicts demand with high accuracy, optimizing supply
Intermittency Solutions:
By 2030, India will require approximately 38 GW of battery storage to manage renewable energy intermittency effectively.
Key Initiatives for Clean Energy Transition
1. National Solar Mission:
Launched in 2010, part of the National Action Plan on Climate Change.
Aims to achieve 100 GW of solar power capacity by 2022 (now extended to 300 GW by 2030).
2. National Wind-Solar Hybrid Policy:
Introduced in 2018 to promote hybrid projects that combine wind and solar energy.
Aims to optimize resource use and improve grid stability.
3. National Green Hydrogen Mission:
Announced in 2022, targeting 5 million metric tonnes of green hydrogen production by 2030.
Focuses on reducing emissions in heavy industries and promoting hydrogen as a clean fuel.
4. Perform, Achieve and Trade (PAT) Scheme:
Launched under the National Mission for Enhanced Energy Efficiency.
Encourages energy-intensive industries to improve energy efficiency through a market-based mechanism.
5. FAME India Scheme
Faster Adoption and Manufacturing of Electric Vehicles (FAME):
aims to promote electric vehicles (EVs) through subsidies and infrastructure development.
Phase II, launched in 2019, has allocated βΉ10,000 crore for EV adoption.
6. Atmanirbhar Bharat Abhiyan:
The self-reliant India initiative includes provisions for boosting domestic manufacturing of solar panels and batteries.
Aims to reduce dependency on imports and enhance local capabilities.
7. National Biofuel Policy:
Aims to achieve 20% blending of ethanol in petrol by 2025.
Promotes the use of biofuels, including biodiesel and bioethanol, derived from agricultural waste.
8. State Action Plans on Climate Change (SAPCC):
Each state is required to prepare its own action plan focusing on renewable energy and climate resilience.
Encourages local initiatives tailored to regional needs.
Renewable Energy Capacity:
India aims for 500 GW of renewable energy by 2030, with a potential increase to 1 TW by 2035. As of May 2024, installed capacity reached 191 GW, including 85 GW from solar power.
Green Hydrogen Initiative:
The National Green Hydrogen Mission targets 5 million metric tonnes of green hydrogen production by 2030, significantly reducing emissions in heavy industries, which contribute over 30% of India's carbon emissions.
Carbon Capture Technology:
Implementing CCUS can mitigate emissions from industrial processes, addressing India's status as the third-largest CO2 emitter with approximately 2.6 GT per annum.
Bioenergy Production:
Utilizing agricultural waste and municipal solid waste for energy generation addresses both energy needs and waste management. India generates about 62 million tons of municipal solid waste annually.
Smart Grid AI:
AI enhances energy network stability and predicts demand with high accuracy, optimizing supply
Intermittency Solutions:
By 2030, India will require approximately 38 GW of battery storage to manage renewable energy intermittency effectively.
Key Initiatives for Clean Energy Transition
1. National Solar Mission:
Launched in 2010, part of the National Action Plan on Climate Change.
Aims to achieve 100 GW of solar power capacity by 2022 (now extended to 300 GW by 2030).
2. National Wind-Solar Hybrid Policy:
Introduced in 2018 to promote hybrid projects that combine wind and solar energy.
Aims to optimize resource use and improve grid stability.
3. National Green Hydrogen Mission:
Announced in 2022, targeting 5 million metric tonnes of green hydrogen production by 2030.
Focuses on reducing emissions in heavy industries and promoting hydrogen as a clean fuel.
4. Perform, Achieve and Trade (PAT) Scheme:
Launched under the National Mission for Enhanced Energy Efficiency.
Encourages energy-intensive industries to improve energy efficiency through a market-based mechanism.
5. FAME India Scheme
Faster Adoption and Manufacturing of Electric Vehicles (FAME):
aims to promote electric vehicles (EVs) through subsidies and infrastructure development.
Phase II, launched in 2019, has allocated βΉ10,000 crore for EV adoption.
6. Atmanirbhar Bharat Abhiyan:
The self-reliant India initiative includes provisions for boosting domestic manufacturing of solar panels and batteries.
Aims to reduce dependency on imports and enhance local capabilities.
7. National Biofuel Policy:
Aims to achieve 20% blending of ethanol in petrol by 2025.
Promotes the use of biofuels, including biodiesel and bioethanol, derived from agricultural waste.
8. State Action Plans on Climate Change (SAPCC):
Each state is required to prepare its own action plan focusing on renewable energy and climate resilience.
Encourages local initiatives tailored to regional needs.
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