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Important Current Affairs for CLAT-18th February 2023

Nearly 500 employees sacked by Google parent Alphabet in India

Employees sacked by Google parent Alphabet in India: Almost 500 employees in India from the legal, sales, marketing, and other areas have been let go by Google parent company Alphabet.

Employees sacked by Google parent Alphabet in India

Almost 500 employees in India from the legal, sales, marketing, and other areas have been let go by Google parent company Alphabet. According to sources speaking to Business Insider India, the fired workers were locked out of their work systems at about 9:20 p.m. on 16th Feb and informed by personal email.

Job Cut by Google India: Key Points

The job cuts at Google India were anticipated following the search engine giant’s January layoffs of 12,000 employees, or 6% of its total.

Although Google did not specifically state how many employees in India would be affected, approximately 500 of the positions Google said in January would be eliminated are in India.

According to an internal memo accessed by Business Insider India, Google India stated that severance payouts will be “personal and based on parameters like duration of service” as part of its assistance plans for the impacted staff.

The remaining bonuses for 2022 as well as accrued but unused vacation time will also be given to the affected employees in addition to this.

The business added that, among other things, it will help with healthcare insurance and job placement services.

Google joins Major Tech Companies in Job Cut

Google is the latest major tech company to announce job cuts. The other companies are Twitter, Amazon, Microsoft, Meta, and Meta, all of which have recently cut thousands of positions. A layoff tracker also reports that 379 IT businesses worldwide have declared 1,07,930 job layoffs just in 2023.

Rolls-Royce Announced Order of Trent XWB-97 Engines from Air India

Google no more the Company for Job Security

Employees at Google India are feeling uncertain since, according to sources speaking to Business Insider India, the business has warned them that non-performance will be dealt with. But more than that, staff members who talked with Business Insider India claimed that Google could have hired better to prevent this disaster in the first place.

Forex Reserves decline by $8.31 bn to $566.94 bn

India's foreign exchange reserves declined by $8.31 billion to $566.94 billion in the week ending on February 10, according to the Reserve Bank of India's latest data released.

As the US dollar rises due to the speculation that the Federal Reserve will continue to tighten repo rates, it has bogged down the Indian Rupee. The need to tackle a free fall in the value of the Rupee, was bound to trigger a sell off of foreign currency by the Reserve Bank of India. This may have triggered a $8.31 billion in India’s foreign exchange reserves for the week that ended on February 10. This has taken the reserves down to $566.94 billion.

More About The Decline in Forex Reserves:

India’s foreign exchange reserves experienced its biggest decline in over 11 months, dropping by 8.3 percent in the week ending February 10, according to the Reserve Bank of India’s (RBI) statistical supplement released

After rising for three weeks, forex reserves had started dropping from the week that ended on February 3. This has taken the reserves down to $566.94 billion, of which $500.59 billion are foreign currencies, down $7.11 billion from the previous week.

About The Components of Forex Reserves:

At the same time gold reserves lost $919 million, to hit $42.86 billion. Special drawing rights of $18.35 billion are also included in the forex reserves. These SDRs are monetary reserve currencies created by the International monetary funds, as alternatives to gold and dollars as assets for settling cross border accounts.

Relative Performance of The Rupee:

The rise of forex reserves between October 2022 and January 2023, allowed the RBI to spend foreign assets for tackling the Rupee’s fall, which was lesser than other Asian currencies. Despite the depriciation, RBI governor Shaktikanta Das has called the Rupee’s performance impressive in the face of volatility.

BEL to Manufacture Israel’s LORA Ballistic Missile for Indian Tri-Services

BEL has signed an MoU with Israel Aerospace Industries for the domestic manufacture and supply of its Long-Range Artillery Weapon System for the Indian Tri-services.

Navratna Defence PSU Bharat Electronics Ltd (BEL) has signed an MoU with Israel Aerospace Industries (IAI) for the domestic manufacture and supply of its Long-Range Artillery Weapon System (LORA) for the Indian Tri-services. This state-of-the-art strategic weapon system will be manufactured by BEL, as the prime contractor, based on the workshare arrangement with IAI.

BEL to Manufacture Israel’s LORA Ballistic Missile for Indian Tri-Services- Key Points

The MoU was signed at the ongoing Aero India 2023 and it is an outcome of the growing partnership between India and Israel in the field of high-technology strategic defense systems.

It is in line with the Government of India’s ‘Make in India’ initiative for major weapon systems.

Defence Minister Rajnath Singh informed that India is set to spend 75% of defense capital outlay on procurement from domestic firms.

LORA is a sea-to-ground and ground-to-ground system developed by IAI’s ‘MALAM’ division that comprises a long-range ballistic missile, a unique launcher, a command-and-control system, and a ground/marine support system.

The LORA system provides ballistic assault capabilities for multiple ranges with a precision level of 10 meters CEP (circular error probable).

Bharat Electronics Ltd About

Bharat Electronics Limited (BEL) is an Indian Government-owned aerospace and defense electronics company. It primarily manufactures advanced electronic products for ground and aerospace applications. BEL is one of nine PSUs under the Ministry of Defence of India. It has been granted Navratna status by the Government of India.

Spanish Government Passed Law Providing ‘Menstrual Leave’ First Time in Europe

The Spanish government approved a historic law granting paid medical leave to women suffering from severe menstrual pain which is the first for any European country.

The Spanish government approved a historic law granting paid medical leave to women suffering from severe menstrual pain is the first for any European country. These leave facilities are available in a handful of countries including Japan, Indonesia, and Zambia. Equality Minister Irene Montero informed that it is a historic day of progress in feminist rights.

Spanish Government Passed Law Providing ‘Menstrual Leave’ First Time in Europe – Key Points

Equality Minister Irene Montero noted that the move would be a step towards addressing a health problem that has been largely swept under the carpet.

Equality Minister Irene Montero informed that periods will no longer be taboo. No more going to work in pain, no more taking pills before arriving at work, and having to hide the fact that they are in pain that makes us unable to work.

Montero noted that after the law was initially approved by the cabinet in May 2022. The menstrual leave law was part of a broader mandate that also bolsters access to abortion services in public hospitals.

The new legislation also allows minors aged 16 and 17 to have an abortion without parental permission, reversing a requirement introduced by a previous conservative government in 2015.

While the legislation passed smoothly under Spain’s left-wing government, it has created divisions among both politicians and unions.

The CCOO, one of Spain’s main trade unions, welcomed the move as a major “legislative advance” to recognize a problem that has been “ignored” until now.

Meanwhile, the country’s other main union warned that it could stigmatize women in the workplace and indirectly hinder their “access to the labor market”. UGT’s stance has also been echoed by the opposition right-wing Popular Party (PP).

World’s First Cloud-Built Demonstration Satellite Launched JANUS-1 Successfully

Antaris announced that the world's first satellite fully conceived, designed, and manufactured using the company's end-to-end cloud platform, JANUS-1 has successfully reached orbit.

Antaris announced that the world’s first satellite fully conceived, designed, and manufactured using the company’s end-to-end cloud platform, JANUS-1 has successfully reached orbit. JANUS-1 rode on the Indian Space Research Organization’s (ISRO) SSLV-D2 rocket.

JANUS-1 was launched from the Satish Dhawan Space Centre of India under a commercial arrangement with New Space India Limited (NSIL). The JANUS-1 satellite features five payloads from a range of global providers, which will be commissioned and begin nominal operations.

World’s First Cloud-Built Demonstration Satellite Launched JANUS-1 Successfully- Key Points

Additional tech demonstration satellites from Antaris and manufacturing partners Ananth Technologies and XDLINX Labs are planned for 2023, including 6U, 12U, and 27U satellite reference architectures.

JANUS-1 is a 6U satellite featuring payload and subsystem technologies from AICRAFT, Morpheus Space, Netra, SayariLabs Kenya, SpeQtral, Transceles, trial, and Zero-Error Systems (ZES).

It will perform internet of things (IoT) communications, advanced experimental laser communications, radio communications, and machine learning (ML) during orbit.

Antaris SatOS software manages core bus responsibilities while orchestrating multitenant payloads and onboard computing—in addition to showcasing secure TT&C protocols with Amazon Web Services (AWS) and ATLAS Space Operations, who are providing ground communications services.

The project was completed in just 10 months from concept to launch readiness with a cost savings of 75% over comparable satellite missions.

Antaris anticipates that future spacecraft missions can be ready for launch in as few as six months. While the launch marks the start of JANUS-1’s on-orbit mission, the satellite has been ‘in flight’ for months via the company’s unique TrueTwin digital twinning technology.

It creates a digital version of the satellite at the start of the project and then integrates with hardware-in-the-loop as hardware becomes available.

AICTE and BPRD Jointly Launch KAVACH-2023

Advancing India’s cyber-preparedness, KAVACH-2023, a national level hackathon was launched to identify innovative ideas and technological solutions for addressing the cyber security and cybercrime.

KAVACH-2023

Advancing India’s cyber-preparedness, KAVACH-2023, a national level hackathon was launched to identify innovative ideas and technological solutions for addressing the cyber security and cybercrime challenges of the 21st century. KAVACH-2023 is a one-of-a-kind national hackathon jointly developed by All India Council for Technical Education (AICTE), Bureau of Police Research and Development (BPRD) and Indian Cyber Crime Coordination Centre.

About the KAVACH-2023

KAVACH-2023 is a unique kind of national hackathon jointly conducted by MoE’s Innovation Cell, AICTE, Bureau of Police Research and Development (BPR&D, MHA) and Indian Cyber Crime Coordination Centre (I4C, MHA) to identify innovative ideas and technological solutions for addressing the cyber security and cybercrime challenges of the 21st century faced by our Law Enforcement Agencies and common citizens.

KAVACH-2023 will be conducted in two phases. In the first phase, the problem statements, grouped into various buckets such as Fake News/social media, Dark web, Women safety, Phishing Detection, Video analytics/CCTV, Obscene Content Detection, Spam Alert, and Malware Analysis/Digital Forensics shall be posed to the public.

Second phase which shall culminate with Grand Finale, selected participants will be expected to demonstrate their solutions for ascertaining technical feasibility and implementability of their solutions. Best ideas will be declared winners by the jury.

Willing participants are expected to develop digital solutions for the statements using robust technologies like Artificial Intelligence/Machine Learning, Deep Learning, Augmented Reality/Virtual Reality, etc. and submit their concepts on the portal of Kavach-2023.

Intel Launched ‘Sapphire Rapids’ Processors for Professional Creators

Intel has launched the new Xeon W-3400 and Xeon W-2400 desktop workstation processors (code-named Sapphire Rapids), which are built for professional creators.

Intel has launched the new Xeon W-3400 and Xeon W-2400 desktop workstation processors (code-named Sapphire Rapids), which are built for professional creators to provide massive performance for media and entertainment, engineering, and data science professionals. According to Intel, the new workstation processors are available for pre-order from industry partners, with system availability beginning in March.

Intel Launched ‘Sapphire Rapids’ Processors for Professional Creators- Key Points

The new Intel Xeon desktop workstation platform is uniquely designed to unleash the innovation and creativity of professional creators, artists, engineers, designers, data scientists, and power users.

Intel vice president and general manager Roger Chandler informed that it is built to tackle both the most demanding workloads as well as the professional workloads of the future.

Moreover, the company informed that the Xeon W-3400 and Xeon W-2400 processor series enable unprecedented scalability for increased performance with a breakthrough new compute architecture, faster cores, and new embedded multi-die interconnect bridge (EMIB) packaging.

The new processors also provide the high-end computing foundation that professionals these days require for the future of computing.

The chip-making company, Intel, mentioned that with DDR5 RDIMM memory, PCIe Gen 5.0, and Wi-Fi 6E, the new processors give professionals the cutting-edge platform technologies they require for the compute workloads of the future.

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