The Reserve Bank of India (RBI) Governor, during the FinTech Conclave-2019, addressed Invoice trading as an emerging fintech application in India. The RBI has established the Trade Receivables Discounting System (TReDS), which utilizes technology to discount bills and invoices. This system is designed to alleviate the working capital and cash flow issues faced by Micro, Small, and Medium Enterprises (MSMEs) due to payment delays.
The Trade Receivables Discounting System (TReDS)
The TReDS is an institutional mechanism aimed at aiding the financing of trade receivables of MSMEs from corporate and other buyers, inclusive of Government Departments and Public Sector Undertakings (PSUs). This system engages multiple financiers and operates under the regulatory framework established by the RBI under the Payment and Settlement Systems Act 2007.
AUSINDEX- 2019
The third edition of the biennial “AUSINDEX” exercise will witness participation from India and Australia. Scheduled to take place off the coast of Visakhapatnam, Andhra Pradesh, from April 2 to 16, the focus of AUSINDEX exercise will be “anti-submarine warfare”. This event represents Australia’s largest showcase of its defence assets since 1947.
This exercise will also feature the deployment of Australian personnel on Indian ships and vice versa. A part of Australia’s Indo-Pacific Endeavour 2019, AUSINDEX-2019 aims to boost Australia’s role as a security provider in the Indian Ocean by conducting naval exercises with 7 countries in south and southeast Asia.
GRAPES-3
The GRAPES-3 muon telescope successfully measured the electrical potential, size, and height of a thundercloud on December 1, 2014. The Gamma Ray Astronomy PeV EnergieS phase-3 or GRAPES-3 is a muon detector specially designed to study cosmic rays using an array of air shower detectors.
| Fact | Detail |
|---|---|
| Muon Particle | An elementary particle similar to an electron, possessing an electric charge of -1 e and a spin of 1/2, but with a greater mass. |
| GRAPES-3 Location | Ooty, India |
| GRAPES-3 Collaboration | Collaborative effort between the Tata Institute of Fundamental Research, Mumbai, India, and Osaka City University, Osaka, Japan. |
CH 47 F(I)- Chinook Helicopter Induction
The Indian Air Force (IAF) formally inducted the CH 47 F(I)- Chinook heavy lift helicopters into its inventory. The IAF signed a contract with M/s Boeing Ltd in September 2015 for acquiring 15 Chinook helicopters, slated for deployment in Northern and Eastern India.
The induction of the heavy-lift CH 47 F(I) helicopter plays a crucial role in the modernization of the Indian Air Force’s helicopter fleet. This customized helicopter aligns with IAF’s future requirements and capability roadmap, sporting a fully integrated digital cockpit management system, advanced cargo handling capabilities, and an electronic warfare suite that bolster the aircraft’s performance. This helicopter can airlift a wide range of military and non-military loads to remote locations.
