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17th February 2024 (9 Topics)

Short News

Economy (GS III)

India buying Russian Sokol Oil

  • Sokol is a light sweet crude which is extracted from the Sakhalin oil fields.
  • Due to Indian government advisory to state refiners against using Chinese yuan to pay for Russian oil, there was a pause in Sokol imports.
  • HPCL has resumed by trading Sokol oil in UAE dirhams.

Science & Technology (GS III)

OpenAI launched Sora: A text prompt to video creator.

  • Sora is an AI model that crafts realistic and imaginative scenes based on textual instructions.
  • Sora is a diffusion model that starts with a video resembling static noise. Over multiple steps, the output gradually transforms by removing the noise.
  • Sora can generate complex scenes with multiple characters, specific types of motion, and accurate details of the subject and background.
  • Sora focuses on transforming visual data into a unified representation conducive to large-scale training of generative models.
  • Sora leverages transformer architecture, similar to GPT models.

Infrastructure (GS III)

SagarAankalan Guidelines were recently launched to revolutionize the assessment and performance of Indian ports.

  • The SagarAankalan guidelines focus on national benchmarking of Indian port performance.
  • The Ministry of Ports, Shipping, and Waterways (MoPSW) organized a stakeholders’ meet to implement the MoUs signed during the Global Maritime India Summit 2023 (GMIS 2023).

Key Goals

  • Mapping and benchmarkinglogistics performance and efficiency.
  • Harmonizationof standards, definitions, and performance metrics with global benchmarks.
  • Enhancing competitiveness, overall efficiency, and sustainability of the port sector.
  • Prioritizing continuous improvement and customer satisfaction.

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