Odisha Affairs
Odisha govt releases Rs 50 crore for Konark heritage area development project
The has approved the release of Rs 50 crore for theKonarkHeritage AreaDevelopment Project, which was proposed for the overall development of Konark into a world-class tourism destination.
In January, the state government had unveiled the draft master plan of the KonarkHeritageArea Development Project, which aims to transform the Infrastructure around the historic Konark Sun Temple. Theredevelopmentplan is based on four major aspects – celebrating the grandeur of the Sun Temple, enhancing visitors’ experience, boosting local businesses and strengthening tourism-based economy. Around Rs 150 crore will be spent in phases for the purpose.
The core area development plan, including the upgrade of the entrance of the 13th century Sun Temple, landscaping, development of pedestrian areas and parking and revamping of the open-air theatre will be taken up by the Archaeological Survey of India.
National and International Affairs
Long-Range Bomb Fight Tested DRDO And Indian Air Force
Development Organisation (DRDO) and the Indian Air Force (IAF) have flight-tested the Long-Range (LR) Bomb on 29 October.
Highlights:
An aerial platform near Balasore, Odisha, was used to test a long-range bomb.
It was launched from an IAF fighter aircraft and guided to a land-based target within prescribed limitations and with pinpoint accuracy.
The Integrated Test Range used a number of range sensors, telemetry, radar, and an Electro-Optical Tracking System to track the bomb’s flight and performance.
In collaboration with other DRDO facilities, Hyderabad’s Research Centre Imarat (RCI) conceived and produced the bomb.
An aerial platform near Balasore, Odisha, was used to test a long-range bomb.
It was launched from an IAF fighter aircraft and guided to a land-based target within prescribed limitations and with pinpoint accuracy.
India Ranked 9th In Global Climate Tech Investment Trend Report
Affairs:In the Global Climate Tech Trend Report, India ranked in the 9th position in the Top 10.
Highlights
According to London & Partners and Co’s research ‘Five years on: Global climate tech investment trends after the Paris Agreement,’ India ranked ninth among the top ten countries for climate technology investment from 2016 to 2021.
During this time, Indian climate-tech companies garnered $1 billion in Venture Capital (VC) funding.
The paper looked at Climate Change developments since the United Nations Conference of Parties (COP) in Paris, France, in 2016.
The United States (US) led the list with USD 48 billion, followed by China with USD 18.6 billion.
Climate-tech venture capital investment surged nearly fivefold, from $6.6 billion in 2016 to $32.3 billion in 2021.
Facebooks Name Changed To Meta
Facebook has rebranded as Meta, with the goal of creating the “metaverse,” a shared virtual Environment that it believes will succeed the mobile Internet.
Highlights
The name change, first reported by the Verge, is an important rebranding for Facebook.
It unveiled a new logo in 2019 to distinguish the company from its Social Media app.
Metaverse
The term “metaverse” was coined three decades ago in the dystopian novel “Snow Crash,” and it is now a buzzword in Silicon Valley.
According to Zuckerberg, the new moniker, which comes from the Greek word for “beyond,” symbolises that there is always more to build.
It refers to the concept of a shared virtual reality that may be accessed via a variety of devices.
Shijian-21 Launched By China
China successfully launched a new satellite on 24 October to test and verify space debris mitigation technologies.
Highlights:
It was launched from the Xichang Satellite Launch Centre in southwest Chinas Sichuan Province.
The satellite, named Shijian-21, was launched by a Long March-3B carrier rocket, and it entered the planned orbit successfully.
The satellite will be mainly used to test and verify space debris mitigation technologies.
Shijian-21 was launched from the Xichang Satellite Launch Centre in southwest Chinas Sichuan Province on a Long March-3B carrier rocket.
The satellite will be mainly used to test and verify space debris mitigation technologies.
The Shanghai Academy of Spaceflight Technology developed the satellite.
This launch marked the 393rd mission for the Long March series carrier rockets.
The mission also marked the 39th space launch mission for China in 2021.