18-02-23 Daily-Odisha-OPSC Current Affairs

Eminent financial analyst Rajib Sekhar Sahoo has advised the to go for a futuristic revenue generation approach.

While the State Government has been able to receive wide appreciation for its Prudent Financial Management, it needs to revisit its revenue generation policy, Sahoo has opined.

Sahoo said Odisha is among the handful of States that have posted revenue surplus for several years. The State continuously strives to enhance its fiscal sustainability and improve budget performance by strengthening a medium-term fiscal framework and improving budgetary transparency.

The major source of Own Non Tax Revenue is from the mining sector, which is volatile. With market fluctuation and imposition of stringent export duty, there was contraction in mining revenue for last few months. Now, it has increased of late thanks to the decision of Government of India to withdraw iron Ore export duty and the ease in market.

Most importantly, the mining sector is not a renewable one; so, more dependence on this sector for revenue generation is not advisable. Going for new sectors for generation of revenue and futuristic planning is needed for the State Government, which is pumping more and more Resources for development programmes

India recently launched its first AI-based chatbot named Lexi powered by ChatGPT which is a complex computer machine. The chatbot has been invented by the financial technology firm Velocity. Also, it is integrated into their in-house analytics tool.

This chatbot is designed to provide assistance to E-Commerce founders with business insights in a simplified manner. Moreover, it has been integrated with Velocitys own analytics tool i.e. Velocity Insights. The Velocity firm made the official chatbot announced in an online blog post.

The Generative Pre-Traind Transformer (ChatGPT) has been integrated into the same WhatsApp interface. This will give customers an opportunity to use the AI-based Lexi and they will be able to ask questions or enquire with the help of this Software.

Peeved over the suicide of an IIT-Bombay student and many more in the past at the prestigious chain of institutes, several Indian Institutes of Technology (IITs) are taking preventive measures such as counselling and mentorship for students with low grades and backlogs, reducing the curriculum load and setting up mental-wellness centres.

Also, the parliamentary standing committee for the welfare of Scheduled Castes and Scheduled Tribes (SC/ST) has called a meeting on Tuesday to discuss the recent suicide by 18-year-old Darshan Solanki at IIT-Bombay.

Suicide by an IIT Bombay student recently amid allegations of caste discrimination has brought the limelight back on the rigorous curriculum and competition at the prestigious institutes. IIT Bombay Director Subhasis Chaudhuri has announced that institute is working towards changes in their UG curriculum to make it “more relevant and motivating to students, and to reduce some Stress.

<a href="https://exam.pscnotes.com/Insurance-regulatory-and-development-authority”>Insurance Regulatory and Development Authority of India (Irdai), recently announced the launch of Bima Sugaman online marketplace that will house all companies selling life and non-life insurance on a single platform.

The online platform will provide you with a one-stop destination for all insurance needs, providing Services like buying insurance policies, portability facilities, change of insurance agents and settling of claims. It allows buyers to purchase life, motor or Health insurance policies directly. Besides, web aggregators (such as PolicyX, PolicyBazaar, etc.), brokers (such as Bajaj Capital, Probus Insurance Broker, etc.), banks and insurance agents will act as facilitators in selling insurance policies. The Bima Sugam platform will provide all these facilities to policyholders with an e-insurance account (E-IA).

The Ministry of Skill development and (MSDE) is organizing a seminar tomorrow at Hyatt Regency on building capacities among Shanghai Cooperation Organisation (SCO) partner nations through skill training and nurturing a new generation of entrepreneurs. At the seminar, India will present its best practices on the digital transformation across different sectors in areas of Health, Education, skilling, IT and more, with special focus on sectors that helped cater to the welfare challenges faced by the masses during the pandemic.

In addition, there will be a session highlighting Digital Transformation and linkages between Industry and Skill based education, to create advocacy about the achievements and learnings in the category, across different sectors such as health, education, skilling, IT etc., which has helped to cater to the welfare challenges faced by the masses during the COVID pandemic. The session will also start a dialogue on how the institutions need to be aligned and stakeholders to be engaged for achieving digital integration across SCO partner nations.