Recently, the Ministry of Defence (MoD) placed an order with Heavy Vehicles Factory (HVF), Chennai for supply of 118 Main Battle Tanks (MBTs) Arjun Mk-1A for the Indian Army. Important points: The state–of-the-art MBT Mk-1A is a new variant of Arjun Tank designed to enhance fire power, mobility and survivability. The Arjun Main Battle Tank …

Recently, in a major reform, the Supreme Court has given the go-ahead to implement a system for electronic transmission of its orders. It will ensure effective implementation of Article 21 (right to life). Earlier, the Chief Justice of India (CJI) launched an Artificial Intelligence (AI) based portal ‘SUPACE’ in the judicial system aimed …

The US is discussing launching a formal review into whether Tether and other stablecoins threaten financial stability. The first stablecoin, created in 2014, was Tether. Important points: A stablecoin is a type of cryptocurrency that is typically pegged to an existing government-backed currency. A cryptocurrency is a form of digital asset based on a network that is distributed across …

Recently, the Prime Minister visited the exhibition models of the Aligarh node of the upcoming Uttar Pradesh Defence Industrial Corridor. It was announced by the Prime Minister while inaugurating the UP Investors Summit in Lucknow in 2018. The government has established another Defence Industrial Corridor in Tamil Nadu. Important points: It is an aspirational project that intends to reduce foreign dependency of …

Recently, the union government has introduced Patents (Amendment) Rules, 2021 which has reduced the fee for patent filing and prosecution for educational institutions by 80%. It is aimed at promoting innovation and development of new technologies. Important points: A patent is a form of preservation of intellectual property. It is an exclusive right granted for an invention, which …