______ and OneWeb Secure Licenses for Satellite Internet Services.

Daily Current Affairs

Jio

Airtel

BSNL

Vodafone Idea

Correct Answer : Jio

Jio Satellite Communications Ltd and Eutelsat OneWeb have been granted the requisite licences to provide satellite internet services in India.

Both companies hold the GMPCS (Global Mobile Personal Communication by Satellite) licence, alongside a pan-India ISP (Internet Service Provider) licence.

As reported by the Financial Express, the Department of Telecommunications (DoT) allocated ISP-A and a VSAT (Very Small Aperture Terminal) licence to OneWeb on Wednesday. The report states that Jio secured the ISP licence in October.

However, a significant challenge faced by both companies revolves around the satellite spectrum, which is currently a subject of internal government debate.

There are differing opinions within the government on whether the spectrum should be allocated administratively or through an auction process.

Jio showcased JioSpaceFiber at the India Mobile Congress (IMC) 2023, while Airtel's booth featured solutions from Eutelsat OneWeb.

It is evident that Jio Satellite Communications and Eutelsat OneWeb are poised to be the first companies to launch satellite internet services in India, with a primary focus on enterprises. Their current emphasis is not on providing services to consumers.

Meanwhile, Amazon and Starlink are also in the process of obtaining the GMPCS licence in India. Starlink is anticipated to secure the licence soon.

The Elon Musk-owned Starlink is already operational in various countries, delivering seamless internet services via satellites. In India, the company faced setbacks when attempting to sell pre-bookings without the necessary licences. Authorities instructed Starlink to refund customers and cease pre-booking sales until proper licences were acquired..

Source : Business Today

Published On : November 13, 2023

Solar’s Ascendance in India :

In 2015, India ranked ninth in solar energy deployment, but by 2023, it produced 5.8% of its electricity from solar, up from 0.5% in 2015. This significant increase underscores India’s commitment to clean energy and its pivotal role in mitigating climate change.

Global Solar Growth Trends :

Ember’s report highlights that solar energy witnessed a remarkable increase globally, with 2023’s solar generation exceeding six times that of 2015. The top four solar growth countries, including India, accounted for 75% of this growth, emphasizing the widespread adoption of solar power worldwide.

Published On : May 9, 2024

Q .

India's Toy Exports Slip to _____ Million in 2023-24

$102.92

$121.19

$139.53

$152.34

Correct Answer : Option (D) - $152.34

India’s toy exports experienced a slight decline to USD 152.34 million in the fiscal year 2023-24, with limited benefits from quality control measures. Despite efforts to bolster the domestic industry and ensure product safety, exports did not see significant improvement.

Declining Export Trends :

Export figures dropped marginally from USD 153.89 million in the previous fiscal year to USD 152.34 million in 2023-24, as outlined by the Global Trade Research Initiative (GTRI). Despite a modest increase in exports from FY’2020 to FY’2022, the subsequent year witnessed a downturn.

Import Trends :

Conversely, imports rose to USD 64.92 million in 2023-24 from USD 62.37 million in the preceding year, indicating a persistent challenge in balancing trade dynamics.

GTRI’s Recommendations :

Comprehensive Industry Development Strategy : GTRI Founder Ajay Srivastava emphasized the necessity for a holistic approach to foster the growth of India’s toy industry and bolster exports.

Domestic Ecosystem Strengthening : Developing a robust domestic ecosystem is paramount, alongside measures to encourage renowned global toy brands to establish manufacturing facilities within India’s borders.

Published On : May 9, 2024

Q .

India Leads Global Remittances, Surpassing _____ Billion Mark.

$50

$100

$200

$250

Correct Answer : Option (B) - $100

India emerged as the global leader in remittances in 2022, receiving over $111 billion, surpassing the $100 billion mark for the first time. The International Organisation for Migration (IOM) highlighted India, alongside Mexico, China, the Philippines, and France, as the top five remittance recipient countries.

Consistent Growth: From $53.48 Billion to $111.22 Billion

The UN’s World Migration Report 2024 underscored India’s consistent growth in remittances, noting a rise from $53.48 billion in 2010 to $111.22 billion in 2022. This significant increase showcases India’s pivotal role in the global remittance landscape.

Southern Asia’s Significance in Global Remittances :

The IOM emphasized Southern Asia’s importance as a major recipient of global remittances, attributed to its high proportion of migrant workers and emigrants. India, Pakistan, and Bangladesh all ranked among the top ten recipients worldwide, highlighting the sub-region’s reliance on labor migration.

Prominent Migration Corridors and Destination Countries :

While India ranks 13th as a destination country for immigrants, it features prominently in various international migration corridors, including India-United Arab Emirates, India-Saudi Arabia, and Bangladesh-India, all of which are among the top 10. This indicates India’s significant role in global labor migration patterns.

Published On : May 9, 2024