Fourth Industrial Revolution Current Affairs - 2019
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Prime Minister Narendra Modi conferred Shanti Swarup Bhatnagar Prizes for the years 2016, 2017 and 2018 in New Delhi. Addressing the gathering the Prime Minister asked the scientific community to take advantage of the Fourth Industrial Revolution and develop technologies that will make India a global hub for manufacturing, knowledge and technology-based industries.
Eleven scientists including Dr Rishikesh Narayan of Indian Institute of Science, Bengaluru and Dr Amalendu Krishna of Tata Institute of Fundamental Research, Mumbai were awarded the Shanti Swarup Bhatnagar Prize for 2016.
Ten scientists including Dr Deepak Gaur of Jawaharlal Nehru University, Delhi and Dr S Suresh Babu of Vikram Sarabhai Space Centre were given the Shanti Swarup Bhatnagar Prize for 2017.
thirteen scientists including Dr Amit Kumar of IIT, Delhi and Dr Nitin Saxena, IIT, Kanpur were awarded Shanti Swarup Bhatnagar Prize for 2018.
Shanti Swarup Bhatnagar Prize
Shanti Swarup Bhatnagar Prize for Science and Technology was instituted in the year 1957, in the memory of late Dr (Sir) Shanti Swarup Bhatnagar, the founder director of the Council of Scientific and Industrial Research(CSIR). It is the most coveted national recognition bestowed upon young scientists and engineers to honour their research and developmental work in India.
The prize is awarded each year on the National Science Day by the by the Council of Scientific and Industrial Research (CSIR) for conspicuously important and outstanding contributions to human knowledge and progress, made through work done primarily in India during the five years.
Prize comprising of a citation, a cash award of Five Lakh rupees and a plaque is given to the research in the following disciplines viz. Biological Sciences, Chemical Sciences, Medical Sciences, Physical Sciences, Mathematical Sciences, Engineering Sciences and Earth, Atmosphere, Ocean and Planetary Science.
Any citizen of India engaged in research in any field of science and technology up to the age of 45 years is eligible to be nominated.
Tags: Council of Scientific and Industrial Research • CSIR • Fourth Industrial Revolution • IISc Bangalore • IIT Delhi • IIT Kanpur • National Science Day • Shanti Swarup Bhatnagar Prizes 2016 • Shanti Swarup Bhatnagar Prizes 2017 • Shanti Swarup Bhatnagar Prizes 2018 • Tata Institute of Fundamental Research • Vikram Sarabhai Space Centre
The central banks of the UAE and Saudi Arabia will launch a common digital currency called Aber. Aber will be used for financial settlements between the two countries through Blockchains and Distributed Ledgers technologies.
Benefits of the Digital Currency
The digital currency would be launched to explore the following benefits:
- The digital currency would aid in studying the impact on the improvement and reduction of remittance costs and the assessments of risks.
- Aber will establish an additional means for the central financial transfer systems of the two countries and enable banks to directly deal with each other in conducting financial remittances.
Initially, the use of the digital currency will be restricted to a limited number of banks. By studying the various technical, economic and legal requirements, the use of the digital currency would be expanded.
Digital Currency Aber relies on the use of a distributed database between the central banks and the participating banks from both sides. Digital Currency is part of the efforts to adopt new technologies like Blockchain, Artificial Intelligence, Internet of Things, etc., in line with the Fourth Industrial Revolution that is reshaping governments and corporates around the world.