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Daily News Digest:16 April 2019

UPI grows faster than e-wallets

According to analysis done by The Hindu; Unified Payments Interface (UPI) are growing faster than e-wallets.

An analysis by The Hindu of data from the Reserve Bank of India (RBI), the National Payments Corporation of India (NPCI) and some industry players from April 2018 to March 2019 shows that not only is the UPI platform outperforming e-wallets in terms of the value of transactions done, but it is also eating away at e-wallets’ market share in specific areas such as person-to-merchant (P2M) transactions.

Payments made on the UPI platform saw a remarkable growth of over 400% in the April to March period, from a little more than ₹27,000 crore in April 2018 to ₹1.35 lakh crore in March 2019.

E-wallets saw total transaction value grow 210% in the November 2016 to March 2017 period, but this has since slowed to 123% in the April 2018 to February 2019 period.

World’s largest plane makes first test flight

The world’s largest aircraft completed its first flight test on 13 April, achieving a maximum speed of 189 miles per hour (302.4 km per hour).

The plane developed by aerospace venture Stratolaunch (set up by the late Microsoft co-founder Paul Allen in 2011) flew for 2.5 hours over the Mojave Desert at altitudes up to 17,000 feet.

The plane has a dual fuselage design and its wingspan is greater than the length of an American football field.

China develops world’s first armed amphibious drone boat: report

A division of state-owned China Shipbuilding Industry Corporation (CSIC) has delivered the world's first unmanned, armed amphibious combat vessel, dubbed the "Marine Lizard."

Its builder claims that it is capable of autonomous navigation.

PIO-led team’s CubeSat to be launched by NASA

A team led by an Indian American student has been chosen by NASA to have its CubeSat—a mini research satellite to detect cosmic rays—flown into space on future missions of the US space agency.

A team led by an Indian American student has been chosen by NASA to have its CubeSat—a mini research satellite to detect cosmic rays—flown into space on future missions of the US space agency.

The team’s CubeSat BLAST (Bouchet Low-Earth Alpha/Beta Space Telescope) is named for physicist Edward A Bouchet—the first African American to receive a PhD in America. 

Israel’s Beresheet Mission Crashes on the Moon

The first privately funded mission to the Moon has crashed on the lunar surface after the apparent failure of its main engine.

The Israeli spacecraft - called Beresheet - attempted a soft touchdown, but suffered technical problems on its descent to the lunar surface.

Cologne Boxing World Cup 2019

India finished its campaign at the Cologne Boxing World Cup 2019 with a haul of five medals. The Cologne Boxing World Cup 2019 was held at Cologne, Germany.

Palestinian President Mahmoud Abbas swears in new government

Palestinian President Mahmoud Abbas on 13 April 2019 swore in a new government headed by a loyalist from his dominant Fatah party, a move rejected by his rivals Hamas as a blow to unity efforts.

Mohammed Shtayyeh, an economist and long-time Abbas adviser, will serve as prime minister of the West Bank-based Palestinian Authority (PA).

UAE to host world’s leading Artificial Intelligence Summit

UAE is set to host the world’s foremost Artificial Intelligence Summit to empower global dialogue on the future of government, business and society.

The inaugural 'AI Everything', AIE will take place at the Dubai World Trade Centre, between 30th of this month and 1st of next month.

GK of the day: What is VVPAT?

Voter Verifiable Paper Audit Trail (VVPAT) machines are used during election process to verify that the vote polled by a voter goes to the correct candidate.

VVPATs are a second line of verification particularly and are particularly useful in the time when allegations around Electronic Voting Machines' tampering crop up.

Parties have been making regular demands for VVPATs to be used during elections after alleging EVMs may not be completely secure and tamper proof.

VVPAT system gives instant feedback to the voter showing that the vote polled has in fact been allotted against the candidate chosen.

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