Paper

Headlines of the Day

Source

GS Paper 2
(Polity, Governance, International Relations)

Who is Mark Carney, the next Prime Minister of Canada?

• Mark Carney, a renowned economist and banker, has been named the next Prime Minister of Canada.
• Carney previously served as the Governor of the Bank of Canada and the Governor of the Bank of England.
• Known for his expertise in financial and economic matters, Carney has been influential in global economic policy.
• His appointment marks a significant shift in Canadian leadership, emphasizing economic stability and growth.
• Carney's background includes roles at Goldman Sachs and key positions in international financial organizations.

The Hindu

China-U.S. trade war heats up with Beijing's tariffs to take effect

• The China-U.S. trade war has escalated as Beijing announces new tariffs set to take effect soon.
• China's retaliatory measures come in response to recent U.S. tariffs on Chinese goods, intensifying the ongoing trade conflict.
• The new tariffs will impact a range of American products, potentially affecting industries such as agriculture, technology, and manufacturing.
• Both countries are experiencing increased economic uncertainty as the trade war continues to cause disruptions in global markets.
• The trade tensions highlight the need for diplomatic negotiations to resolve the escalating economic dispute.

The Hindu

Government launches data platform for Indian AI models, beefs up shared GPU capacity

• The Indian government has launched a new data platform designed to support the development and deployment of Indian AI models.
• The platform will provide access to data sets, tools, and resources to facilitate AI research and innovation.
• Additionally, the government is increasing shared GPU (Graphics Processing Unit) capacity to enhance computational power for AI projects.
• These initiatives aim to strengthen India's position in the global AI landscape and support technological advancements.

The Indian Express

GS Paper 3

Behind Govt rollback of advisory on seeking nod for AI services: Industry pushback

• The government has rolled back an advisory that required seeking approval for AI services, following significant industry pushback.
• The advisory had initially mandated companies to obtain government approval before deploying AI-based services and applications.
• Industry stakeholders argued that the requirement would stifle innovation, create bureaucratic hurdles, and hinder the growth of the AI sector.
• The rollback reflects the government's responsiveness to industry concerns and its commitment to fostering a conducive environment for AI development.
• The decision aims to balance regulatory oversight with the need to promote technological advancement and competitiveness.

The Indian Express

New Income Tax Bill defines virtual digital space for searches, seizures

• The new Income Tax Bill includes provisions that define virtual digital space for the purposes of searches and seizures.
• The bill aims to address tax evasion and other illegal activities conducted through virtual digital assets and platforms.
• Virtual digital space encompasses cryptocurrencies, digital wallets, and other virtual financial instruments.
• The legislation provides tax authorities with clearer guidelines and legal authority to investigate and take action against offenses in the virtual digital space.
• The bill is part of broader efforts to modernize tax enforcement and ensure compliance in the rapidly evolving digital economy.

The Indian Express

₹1 lakh crore fund for private sector research close to approval.

• The Indian government is close to approving a ₹1 lakh crore fund dedicated to fostering private sector research and development.
• The fund aims to support innovation, technological advancements, and industry-academia collaboration.
• It is expected to provide significant financial backing for cutting-edge research initiatives across various sectors.
• The initiative underscores the government’s commitment to boosting scientific research and driving economic growth through innovation.

The Hindu

Pashu Aushadhi Kendras: how Govt plans to improvise its Jan Aushadhi initiative to protect livestock health

• The government plans to introduce Pashu Aushadhi Kendras, an extension of the Jan Aushadhi initiative, focusing on livestock health.
• These Kendras will provide affordable and quality veterinary medicines and products to farmers and livestock owners.
• The initiative aims to address animal health issues, improve livestock productivity, and support rural economies.
• Pashu Aushadhi Kendras are expected to play a crucial role in enhancing veterinary care and ensuring the well-being of livestock.

The Hindu

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