India to become a hub of drone technology.

Union Information and Broadcasting Minister Anurag Thakur this week said that India will become a hub of drone technology and the country will require at least 1 lakh drone pilots by next year. He was speaking at the gathering after flagging of the ‘Drone Yatra 2.0’, in Chennai.

Stating that India will require at least 1 lakh pilots in 2023, he said that each pilot will earn at least Rs 50-80 thousand a month. “If you take the Conservative Average even Rs 50,000 × 1 lakh youth × 12 months = Rs. 6000 crores a year worth employment could be created in the Drone sector,” he said

Apart from this, Industries and Government agencies which use Drones will also be impacted. He appreciated the that Garuda Aerospace’s plan to make one lakh ‘Made in India’ drones in the next two years.

Garuda’s Drone Skilling & Training Conference which is to be conducted in 775 districts across the country hopes to reach 10 lakh Youth. With an aim to train 1 lakh Youth to significantly impact not just the Drone ecosystem or generate employment for Youth, but hopes to create a massive impact in agriculture, mining, government departments and Other industries.

While noting that currently there are over 200 drone start-ups operating in the country, the minister said that this number will increase to generate lakhs of new job opportunities for the youth.

India to become a hub of drone technology.

Union Information and Broadcasting Minister Anurag Thakur this week said that India will become a hub of drone technology and the country will require at least 1 lakh drone pilots by next year. He was speaking at the gathering after flagging of the ‘Drone Yatra 2.0’, in Chennai.

Stating that India will require at least 1 lakh pilots in 2023, he said that each pilot will earn at least Rs 50-80 thousand a month. “If you take the Conservative Average even Rs 50,000 × 1 lakh youth × 12 months = Rs. 6000 crores a year worth employment could be created in the Drone sector,” he said

Apart from this, Industries and Government agencies which use Drones will also be impacted. He appreciated the that Garuda Aerospace’s plan to make one lakh ‘Made in India’ drones in the next two years.

Garuda’s Drone Skilling & Training Conference which is to be conducted in 775 districts across the country hopes to reach 10 lakh Youth. With an aim to train 1 lakh Youth to significantly impact not just the Drone ecosystem or generate employment for Youth, but hopes to create a massive impact in agriculture, mining, government departments and Other industries.

While noting that currently there are over 200 drone start-ups operating in the country, the minister said that this number will increase to generate lakhs of new job opportunities for the youth.

US’s list for religious freedom, Pakistan questioned why India not blacklisted.

Last week, Pakistan expresses strong exception to the United States recent decision to add the country to its religious freedom blacklist and exclude India from it, saying the decision is “detached from ground realities of Pakistan”.

Last week, the US added Pakistan, China and Latin American adversaries Cuba and Nicaragua, among others, to a blacklist — Countries of Particular Concern from 2021 — on international religious freedom, opening the path to potential sanctions.

Secretary of State Antony Blinken took no action against India, ignoring a recommendation by the autonomous US Commission on International Religious Freedom (USCRIF), which said that treatment of minorities was “significantly” worsening under Prime Minister Narendra Modi´s Hindu nationalist government. India is seen by the US as a key emerging ally.

US's list for religious freedom, Pakistan questioned why India not blacklisted.

Last week, Pakistan expresses strong exception to the United States recent decision to add the country to its religious freedom blacklist and exclude India from it, saying the decision is “detached from ground realities of Pakistan”.

Last week, the US added Pakistan, China and Latin American adversaries Cuba and Nicaragua, among others, to a blacklist — Countries of Particular Concern from 2021 — on international religious freedom, opening the path to potential sanctions.

Secretary of State Antony Blinken took no action against India, ignoring a recommendation by the autonomous US Commission on International Religious Freedom (USCRIF), which said that treatment of minorities was “significantly” worsening under Prime Minister Narendra Modi´s Hindu nationalist government. India is seen by the US as a key emerging ally.

India won’t be a US ally rather a great power : WH official.

Washington: India, which has a unique strategic character, will not be an ally of the US, but another great power, a top White House official has said, asserting there is no other bilateral relationship that is being “deepened and strengthened” more rapidly than between the two countries over the last 20 years.

Responding to a question on India during his appearance at the Aspen Security Forum meeting here on Thursday, Kurt Campbell, the White House Asia Coordinator, said that in his view India is the most important bilateral relationship for the United States in the 21st century.

“The fact is, I don’t know of any bilateral relationship that is being deepened and strengthened more rapidly than the United States and India over the last 20 years,” he told a Washington audience.

The United States needs to invest even more of its capacity, and build in people-to-people ties, working together on technology and other issues, he said.

“India has a unique strategic character. It will not be an ally of the United States. It has the desire to be an independent, powerful state and it will be another great power. But I think there are reasons to believe that our strategic alignment is growing across the board in almost every arena,” Campbell said.

India won't be a US ally rather a great power : WH official.

Washington: India, which has a unique strategic character, will not be an ally of the US, but another great power, a top White House official has said, asserting there is no other bilateral relationship that is being “deepened and strengthened” more rapidly than between the two countries over the last 20 years.

Responding to a question on India during his appearance at the Aspen Security Forum meeting here on Thursday, Kurt Campbell, the White House Asia Coordinator, said that in his view India is the most important bilateral relationship for the United States in the 21st century.

“The fact is, I don’t know of any bilateral relationship that is being deepened and strengthened more rapidly than the United States and India over the last 20 years,” he told a Washington audience.

The United States needs to invest even more of its capacity, and build in people-to-people ties, working together on technology and other issues, he said.

“India has a unique strategic character. It will not be an ally of the United States. It has the desire to be an independent, powerful state and it will be another great power. But I think there are reasons to believe that our strategic alignment is growing across the board in almost every arena,” Campbell said.

Indian telecom sector to hire staffs laid off by big tech MNCs.

According a report by Economics Times : The Indian telecom eco-system could absorb up to 30% of the workforce laid off at the big tech firms and who chose to return to India. These include employees across technical and service profiles, say staffing experts.

Companies like Meta, Amazon, Twitter, Microsoft and Stripe among many others have laid off employees and rationalised their employee base. According to estimates by TeamLease, over 62,000 employees have received the pink slip in 2022.

While employees at tech firms are facing headwinds in light of the pink slips being dealt out, the Indian telecom eco-system has increased its hiring over the past few quarters in light of the 5G rollout.

Given the hiring impetus that the telecom sector is seeing, one would expect it to absorb a majority of the employees laid off. However, there is only so much of a skill overlap between the workforce being laid off, and the requirement at the telecom companies say experts.

Indian telecom sector to hire staffs laid off by big tech MNCs.

According a report by Economics Times : The Indian telecom eco-system could absorb up to 30% of the workforce laid off at the big tech firms and who chose to return to India. These include employees across technical and service profiles, say staffing experts.

Companies like Meta, Amazon, Twitter, Microsoft and Stripe among many others have laid off employees and rationalised their employee base. According to estimates by TeamLease, over 62,000 employees have received the pink slip in 2022.

While employees at tech firms are facing headwinds in light of the pink slips being dealt out, the Indian telecom eco-system has increased its hiring over the past few quarters in light of the 5G rollout.

Given the hiring impetus that the telecom sector is seeing, one would expect it to absorb a majority of the employees laid off. However, there is only so much of a skill overlap between the workforce being laid off, and the requirement at the telecom companies say experts.

How roll out of 5g services will help Indian economy?

The transition to 5G will unlock new use cases and revenue streams through innovative business models. It will bolster the startup ecosystem and enable India to be an R&D hub for 5G technology and use cases. Developing 5G applications is likely to have a huge impact across industries.

In India, the engineering/advanced manufacturing segment offers the largest 5G/IoT opportunity. Multiple use cases exist in this segment with benefits of increased efficiency, productivity, better safety standards, and highly efficient production. In healthcare, 5G’s benefits can immediately be realized in home-based care and connected hospital devices as 5G facilitates real-time data transfer.

The Indian M&E sector is transitioning from passive consumption to participative consumption fueled by the popularity of immersive technologies such as AR and VR, networked gaming, and interactive game shows. 5G may help accelerate this trend and completely transform the consumer experience.

Further, the advent of 5G may significantly enhance connected car features and usher in the age of autonomous vehicles (AV) in India.

India likely to face extreme heat waves.

India, very soon, could experience heat waves that could exceed the survivability limit of humans.  This startling revelation was made in a report by the World Bank. 

According to the report, India will soon be one of the first countries in the world that will experience severe heatwaves that will break the human survivability limit.  India, over the past couple of decades, recorded several deaths due to intense heat waves. 

Frequency of extreme weather events such as heatweaves and floods is expected to increase in India as a result of the climate change.

According to one study, if the global mean temperature increases by more than 1.5 degrees Celsius from the pre-industrial level, the proportion of the total population and urban area that will be exposed to successive extremes will rise rapidly.

According to the researchers, under the lowest emission scenario, the length of a heatwave will grow from an average of 3 days in the current climate (1981-2010) to 11 days by the end of the twenty-first century (2071-2100).

Under the scenario with the highest emissions, however, they predicted that the length of heat waves would increase to 33 days by the end of the century.

India likely to face extreme heat waves.

India, very soon, could experience heat waves that could exceed the survivability limit of humans.  This startling revelation was made in a report by the World Bank. 

According to the report, India will soon be one of the first countries in the world that will experience severe heatwaves that will break the human survivability limit.  India, over the past couple of decades, recorded several deaths due to intense heat waves. 

Frequency of extreme weather events such as heatweaves and floods is expected to increase in India as a result of the climate change.

According to one study, if the global mean temperature increases by more than 1.5 degrees Celsius from the pre-industrial level, the proportion of the total population and urban area that will be exposed to successive extremes will rise rapidly.

According to the researchers, under the lowest emission scenario, the length of a heatwave will grow from an average of 3 days in the current climate (1981-2010) to 11 days by the end of the twenty-first century (2071-2100).

Under the scenario with the highest emissions, however, they predicted that the length of heat waves would increase to 33 days by the end of the century.

Passenger cars to witness a price hike in the new year.

Kia, Maruti Suzuki, Tata, Mercedes-Benz and Audi have announced a price hike across their model range from January 2023. All carmakers have cited an increase in commodity prices as the major reason behind the hike.

Maruti Suzuki has confirmed that it will be increasing the prices of its entire model line-up, although the hike will vary depending on the model. 

Kia will hike the price of its entire model line-up by up to Rs 50,000 from January 2023. The South Korean manufacturer has also stated increasing commodity and transportation costs as the reason for the hike.

Along with the rise in commodity prices, Tata also states that updating its vehicles to meet the upcoming RDE norms will also lead to a hike in prices. 

Passenger cars to witness a price hike in the new year.

Kia, Maruti Suzuki, Tata, Mercedes-Benz and Audi have announced a price hike across their model range from January 2023. All carmakers have cited an increase in commodity prices as the major reason behind the hike.

Maruti Suzuki has confirmed that it will be increasing the prices of its entire model line-up, although the hike will vary depending on the model. 

Kia will hike the price of its entire model line-up by up to Rs 50,000 from January 2023. The South Korean manufacturer has also stated increasing commodity and transportation costs as the reason for the hike.

Along with the rise in commodity prices, Tata also states that updating its vehicles to meet the upcoming RDE norms will also lead to a hike in prices. 

The present situation of Bitcoin in the UK and US

 There is no doubt that Bitcoin has turned out to be one of the most efficient, trustworthy, and popular cryptocurrencies on the planet right now. It does not have any physical existence as it is a digital currency. Nevertheless, one will be guaranteed online safety, accountability, and transparency while making use of Bitcoin as a mode of payment. It is because bitcoin used some latest technologies to make its network more secure and the most vital is Blockchain technology that offers bitcoin cryptocurrency a decentralized network where no data could be altered or deleted. Bitcoin has already attracted many entrepreneurs, global investors, beginners, as well as financial experts.

Photo by Alesia Kozik on Pexels.com

Bitcoin is a significant digital currency:

It is a fact that Bitcoin investment will allow you to manage the highest target since the prices are changing constantly on the market these days. The inventor of this cryptocurrency introduced blockchain systems into Bitcoin to gain the trust of the audience, attaining some safety factors, as well as maintaining transparency, efficiency, and consistency. 

Though, the question might arise in our minds regarding who will be responsible in the event of something unusual happening because of governmental factors.

It is also important to get rid of the bugs and viruses that might affect online platforms right now. This is because many of these platforms consist of bugs, viruses, and intermediaries these days. Fixing these glitches will result in the seamless functioning of the online platforms without any problem whatsoever.

Investing in Bitcoin in the UK:

. In case you are residing in the UK, then the simplest way to invest in this cryptocurrency will be to buy it from a crypto exchange like Coinbase, eToro, or Uphold online.

It is possible to purchase and sell Bitcoin from your computer, smartphone, or tablet directly with the help of crypto exchanges. After purchasing this cryptocurrency, you may do any of these two things mentioned below:

  • Your Bitcoin can be moved to a secure wallet that is owned by a crypto exchange used by you or it can be separate as well. 
  • Otherwise, it will be a sensible idea to leave the currency in the crypto exchange where Bitcoin can be exchanged for other digital currencies or fiat currencies.

Purchasing Bitcoin in the US:

It will not be difficult to purchase Bitcoin or any other cryptocurrency in the US. It is as simple as selecting a wallet and picking an exchange to purchase from. However, you need to verify your identity through a somewhat complicated KYC process. After providing your details, you need to verify your identity by providing a passport copy or a government-issued ID copy. It will be simple to purchase and sell Bitcoin once your identity has been verified by the exchange.

However, if you like to trade in Bitcoin globally, then make sure to use a powerful tool known as BitTrader. You will get more information regarding this tool from bit-trader.io

Is Bitcoin legal in the US?

There is no doubt that the US is one of those countries on the planet that have embraced the usage of Bitcoin. This particular cryptocurrency has been described by the U.S. –  Treasury as a convertible currency that can be used by individuals instead of the US dollar. 

‘The United States Financial Crimes Enforcement Network’ is providing guidelines regarding Bitcoin since 2013. As per their work is going on this crypto-

  • All entities administering or exchanging this cryptocurrency as money service businesses have been classified by them. 
  • Besides this, this organization is likewise implementing regulations intended for financial and non-financial institutions for establishing crypto tracking and reporting priorities. 
  • According to these regulations, financial institutions, crypto exchanges, and other institutions need to report any distrustful activity for immediate investigation regarding transactions.

Bitcoin asset regulations in the UK:

When it comes to the UK, it is a fact that no single document outlining the comprehensive regulatory specifications of Bitcoin exists at present. The primary target of UK regulators will be to stay away from all types of online scams related to cryptocurrencies while enticing new customers. 

Final thoughts:

According to the latest news, the trading of Bitcoin has been legalized fully in the UK and the United Kingdom along with several other countries. Many individuals are investing in Bitcoin at present and they have also been able to generate lots of money from this as well. 

Bitcoin is becoming quite popular – Why?

 Bitcoin was the first digital currency that was invented in the year 2009, and it become quite popular across the globe over the years. However, its value is never stable as of now, and right from the beginning, it is continuously fluctuating. Therefore bitcoin, as a cryptocurrency is known as a highly volatile asset amongst all. For more detail about Bitcoin Application

These days, Bitcoin is used by many individuals and companies as a method of payment instead of conventional currencies. No one can deny that this particular cryptocurrency has made trading quite simple and lots of customers are accepting it in their businesses. Let us move forward and see the reasons behind the popularity of Bitcoin right now.

  1. Low fees for transactions:

Bitcoin attracts minimal costs, unlike conventional methods of payment. In fact, low transaction fees are one primary reason that attracts more people toward it. It makes sense for most individuals, particularly while making online payments for services or purchasing items online. Many people are using Bitcoin for sending money, particularly across borders.

  • Suitable asset to make a profit:

One more reason behind the popularity of Bitcoin is the fact that there is a huge potential for making a profit. In case you purchase Bitcoin when the price is low and sell it once the price becomes high, you will be able to make lots of profit in the long run. During the last several years, almost all the investors are doing short-term bitcoin trading and earning little but multiple profits by using the same strategy.

  • It is becoming simpler to use Bitcoin:

People are becoming more aware of Bitcoin which has helped it to become more popular these days. Lots of websites are accepting cryptocurrencies such as Bitcoin as payment which will become more widespread in the upcoming days. It can be rightly asserted that the usage of Bitcoin is becoming simpler every day since an increasing number of online companies are adopting it. Here, we like to mention that the usage of cryptocurrency debit cards has also started in some particular locations.

For instance, at present, the e-Yuan currency has been introduced in China and if you like to trade this particular currency, then it will be advisable to make use of the Yuan Pay App. Visit yuanpaygroup.nl for getting more information on this particular topic.

  • Less possibility of fraud:

Bitcoin is 100% digital, and therefore, many individuals are investing in this digital currency right now. Moreover, Bitcoin does not exist physically and it offers a decentralized platform where no central authority is there to regulate the transactions. Consequently, there is virtually no risk of fraud when it comes to the usage of Bitcoin.

  • Security:

The usage of Bitcoin happens to be safer compared to fiat money which can be stolen by getting hold of your physical wallet. But, bitcoin is safer as you use your private key for safeguarding your digital wallet. No person can get hold of your Bitcoin without this digital wallet key. Moreover, you will only share the address of your digital wallet while paying with Bitcoin, and there is no need to reveal any personal info. Bitcoin will allow you to safeguard your money and identity which matters a lot for most individuals out there.

  • Bitcoin is seen as the currency of the future:

According to many people, government-regulated currencies will be replaced by cryptocurrencies in the future. Bitcoin is loved by lots of individuals because of its innovativeness. Apart from this, this particular cryptocurrency also makes use of blockchain technology that has the power of transforming lots of social and economic sectors. Bitcoin is used by many people as a means of acclimatizing to technological innovation which has made it quite popular over time.

  • The simplicity of acquiring Bitcoin:

In the past, individuals were in the habit of mining Bitcoin for obtaining it. However, this process is somewhat complicated that requires one to solve math or computer problems are need high energy and highly proficient hardware. However, now it is not difficult to get Bitcoin anymore. You simply require a well-known crypto exchange for purchasing or trading this cryptocurrency.

Conclusion:

More and more traders are accepting Bitcoin these days as a convenient method of payment. Therefore, it can be rightly asserted that the popularity of this digital currency will go on increasing shortly. Moreover, Bitcoin is likely to allow individuals to preserve value, particularly when there is an economic crisis.