cyber security, IT & computer

* RBI direction to store all payment data in India only within 6 months by all providers in case processed abroad should be brought back in 24 hours.

Data includes - end to end transaction n info abt payment transaction. Customer data like name,number,adhar etc. Payment sensitive data like customer n beneficiary account details.payments credentials like otp n pin.transaction data such as origination n destination info.

There is no bar on processing of data abroad if desired by operator n can b shared with overseas regulator if required with prior approval of RBI

* Oxford economics report - 10% job loss in manufacturing sector in next decade.each new industry robot will replace 1.6 manufacturing job. Loss of job due to automation is also confirmed in future of job report by IMF.

* Data n privacy - uidai established in 2016 under Adhar act 2016 under meity - voluntarily disclosure of adhar n uidaifund will be created to any charge n fees which used to get deposited in consolidated fund of India. Disclosure of adhar require secretary level approval instead of earlier joint secretary.

* Agent Smith - Smartphone malware affecting 25 million android phone, including 15 million in india by replacing installed apps without user's knowledge and such as banking credential theft and eavesdropping.

* Internet Saathi Program = Google india and Tata trust jointly launched “Internet Saathi program” in 2015 to train digital literacy to Rural women in the country. They then are known as “Internet saathi” who then train other women in the village.

Progress: It has, so far, trained 70,000 ‘Internet Saathis’, who have in turn impacted 2.6 crore million women in the country.

Impact: contributed towards bridging the digital gender divide in rural India - female to male ratio was 1 in 10 in 2015 and in 2018, it increased to 4 in 10

* JATAN – ASI have been digitized through JATAN software is virtual museum. Designed and developed by Human Centres Design and Computing Group, Centre for Development of Smart Computing (C-DAC under MeitY) Pune.

(C-DAC) Pune has also developed “Darshak”, a mobile-based application aimed at improving the museum visit experience among the differently-abled.

* IRDA (statutory body created in 2000 on recommendation of Malhotra committee 1999) allowed insurance company to use “Regulatory Sandbox” for Fintech companies. Regulatory sandbox is used to live test the product before mass launch. RBI also thinking of doing the same in Banking Sector.

It will be useful as Data analytics (a part of Fintech) is an area which insurance industry can take benefit to serve their customers as India accounts for around only 6% of insurance premium in Asia and around 2% of the global premium volume.

1818 – Advent of Life insurance inindia.

* Semi-Dirac metals behave like Dirac metals in one direction and like normal metals in the perpendicular directions

These are highly conductive to electromagnetic waves.

These have thermoelectric properties (clean Energy technology) that uses waste heat to produce electricity typically in low Power application.