Vladimir Putin Current Affairs

First-ever India Russia Strategic Economic Dialogue held at St. Petersburg

The first-ever India Russia Strategic Economic Dialogue was held at St. Petersburg in Russia. Indian side was led by NITI Aayog Vice Chairman Rajiv Kumar and Russian delegation headed by Economic Development Minister Maxim Oreshkin.

Key Facts

The two-day forum provided participants platform to discuss development of bilateral ties in trade, investment, technology and industry. It was aimed to bring together key business figures from both countries. Transport, agriculture and agro-processing, Small and Medium Enterprises (SMEs), digital transformation and frontier technologies and industrial cooperation were some of the key areas of focus of the forum.

 Indo-Russian Strategic Economic Dialogue

It was created by PM Narendra Modi and President Vladimir Putin in their informal summit (held at Sochi in May 2018) to give big push to economic partnership between both countries that has started to gain momentum since 2017. It aims to focus on macro picture of economic partnership and also explore partnership and joint ventures in services and IT sectors. It seeks to put in place mechanism for partnership between resource-rich Russian regions and Indian states. In effort to boost bilateral trade to $30 billion by 2025, both countries have agreed to give high priority to removal of obstacles to trade in order to improve upon 21.5% growth in two-way trade recorded last year. India has already launched Strategic Economic Dialogue with China.

Month: Categories: India Current Affairs 2018

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Marathon: Roscosmos to venture into Internet of things (IoT) with the launch of new satellite system

Russia’s state space corporation (Roscosmos) has planned to venture into Internet of things (IoT) with launch of new satellite system named ‘Marathon’. The new satellite system will be part of Russia’s Sphere satellite constellation, which will be fully established by 2026. The number of satellites in Marathon system are not revealed yet. The federation’s GLONASS navigation, a satellite communication system and data relay satellite set-up will be other equipment in the constellation.

Background

Russian President Vladimir Putin has approved Sphere constellation project, which involves the construction and deployment of 640 satellites. There are several segments of the satellite communication. USA’s Iridium has been long operating successfully on voice satellite communications market. OneWeb and Starlink dominate broadband Internet segment. IoT is the third segment of the satellite communication. Work in this segment will be successful if services are provided at lowest prices as the other systems also provide such services as well.

Internet of Things (IoT)

IoT is a network of devices such as smartphones, wearable devices, home appliances and vehicles, connected to internet, which enables these objects to connect and exchange data. Blockchain technology has potential to address security risks to IoT as it provides a shield against data tampering by labelling each block of data.

Month: Categories: India Current Affairs 2018

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