Kautilya

ONGC Videsh Begins its Exploratory Drilling Campaign in Bangladesh

ONGC Videsh Limited, a wholly-owned subsidiary of Oil and Natural Gas Corporation Limited (ONGC), the National Oil Company of India, has spudded its first well Kanchan#1 in Block SS04, Bangladesh, on 29th September 2021 at Maheshkhali Island. This exploratory well is planned to be drilled to a depth of 4200 m and will be targeting two prospective formations. This well marks the beginning of exploratory drilling in Bangladesh by ONGC Videsh and will be followed by drilling at two more exploratory locations.

“At 87%, India has the Highest FinTech Adoption Rate in the World Against the Global Average of 64%”: Shri Piyush Goyal

The Union Minister of Commerce & Industry, Consumer Affairs & Food & Public Distribution and Textiles, Shri Piyush Goyal has said India is poised to become one of the largest digital markets in the world. Addressing the 2nd Global Fintech Fest-2021 through video conferencing today, he said, “At 87%, India has the highest FinTech adoption rate in the world against the global average of 64%.”

New Auto Debit Rules of RBI

On December 4, the RBI issued a directive to all banks, including RRBs, NBFCs, and payment gateways, stating that the processing of recurring transactions (domestic or cross-border) using cards, Prepaid Payment Instruments (PPIs), or the Unified Payments Interface (UPI) under non-AFA arrangements/practices would be discontinued after March 31, 2021.

PM Modi, Biden Cement Plan to Jointly Monitor Space Objects

Though Isro and Nasa have been cooperating on separate missions like synthetic aperture radar satellite NISAR project and Chandrayaan-1, this is the first time both the countries have decided to jointly work on a framework for SSA, which involves tracking space objects both natural like meteors and man-made such as satellites. SSA involves collating data on orbiting satellites, rocket parts and space debris and monitoring threats to a country’s space assets from any hostile satellite and analysing such data to convert them into actionable information to deal with such threats.

ISRO is Considering Developing A Next-Generation Astronomical Satellite to Follow Up on its AstroSat Mission

ISRO’s first mission dedicated for astronomy, AstroSat, launched on 28 September 2015 with its design life of five years, on Tuesday completed six years of its operation. “It (AstroSat) is expected to last some more years”, A S Kiran Kumar who as the then Chairman of ISRO led the mission team, and is presently serving as the chair of the apex science committee at the space agency, told PTI. “We can expect some more results to come which will be path-breaking”, he said.

BrahMos Gets 200th Set of Airframes for Supersonic Cruise Missile

Each airframe of the BrahMos missile consists of 138 complicated sub-assemblies that are manufactured from more than 1,500 parts. The BrahMos missile is a stealth universal supersonic cruise missile that can be launched from ships, submarines, aircraft, and land-based platforms. It can be used for a precision strike to destroy targets on land and sea.

Carbon Clean Captures CO2 from Tata Steel Blast Furnace

Carbon Clean’s technology, consisting of a modular carbon capture skid, has been installed at Tata Steel’s Jamshedpur steel plant in India. The facility is capturing 5 t/d of CO2 from the blast furnace. The captured CO2 is reused onsite for a variety of applications such as for water treatment. Tata Steel plans that scaled-up facilities in the future will be able to use captured CO2 to produce methanol and other value-added products.