Current Affairs - Technology

Paisabazaar launched an advanced fraud detection and prevention system leveraging machine learning and real-time monitoring. The system employs an internal risk-scoring mechanism to categorize users into low, medium, or high-risk groups. High-risk consumers are restricted from accessing offers, while medium-risk users are monitored for fraudulent behaviour. This initiative demonstrates Paisabazaar's commitment to enhancing security and trust in financial transactions, ensuring safer user experiences.

IIT Kanpur developed the "Anālakṣhya" Meta-Material Surface Cloaking System (MSCS), a cutting-edge stealth technology that renders combat systems like tanks and aircraft nearly invisible to radar detection. Tested extensively from 2019 to 2024 under various conditions, the system demonstrated high efficacy and is 90% indigenously sourced. The technology has been licensed to Meta Tattva Systems for industrial production, marking a significant step towards self-reliance and innovation in defence technologies.

TM2Space, a Hyderabad-based space technology company, is set to launch MOI-TD (My Orbital Infrastructure – Technology Demonstrator), India’s first AI laboratory in space, aboard ISRO’s PSLV C60 rocket in December 2024. This initiative enables real-time in-orbit data processing, significantly reducing data transmission costs and latency. TM2Space, recognized for its advancements in nano-satellites, is collaborating with IN-SPACe Technical Centre to facilitate development and testing, marking a milestone in India’s growing leadership in space innovation.

ISRO's Shukrayaan mission, set for launch in 2028, will focus on Venus, aiming to explore the planet's atmosphere and surface. This mission is part of India's expanding space exploration efforts, which also include lunar and Mars missions. Shukrayaan will significantly contribute to our understanding of Venus, marking a key milestone in India's interplanetary research initiatives. The mission highlights ISRO's ambition to explore planets beyond Earth, with the approval from the Indian government further underlining its importance in India's space strategy.

The Proba-3 mission, set to launch on December 4, 2024, aboard a PSLV-XL rocket, is led by the European Space Agency (ESA) in collaboration with ISRO. This mission involves two precisely aligned small satellites to create an artificial eclipse, enabling a detailed study of the Sun's corona and solar phenomena. It highlights ESA's role in advancing solar observation and international partnerships in space exploration.