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News in Short

News in Short - 19-June-2021

Indian IT industry to hit $300-350 billion revenues by 2025

Date: 19 June 2021 Tags: Miscellaneous
  • The Indian IT industry was on track to meet its vision of $300-350 billion revenues by 2025, according to Nasscom.
  • The Industry would continue to be a net creator of jobs and was committed to people-centric innovation, relentless talent focus, and delivering a superior transformative customer experience.
  • The industry continued to be a net hirer of skilled talent, adding 1,38,000 people in FY2021, and robust hiring plans by top players, TCS, Infosys, Wipro, HCL and Tech Mahindra, alone planning to add over 96,000 employees.
  • The BPM sector in India currently employs over 1.4 million people while IT and BPM together have over 4.5 million workers as of March 2021.

Global Peace Index 2021

Date: 19 June 2021 Tags: Reports & Indices
  • Bangladesh improved its position by 7 notches in the Global Peace Index 2021 compiled by the Institute of Economics and Peace (IEP) based in Sydney, Australia.
  • The Index placed Bangladesh at 91st position compared to 98th last year. Bangladesh has scored an overall score of 2.68 making it the third most peaceful country in South Asia placed behind Bhutan and Nepal.
  • However, the index has placed Bangladesh in the category of countries with a positive peace deficit which means that the countries are likely to face increasing levels of violence over the next decade.
  • Globally, Iceland was on the top of the peace index followed by New Zealand, Denmark and Portugal. Out of the 10 most peaceful countries in the world, 8 are from Europe.
  • The report points out that the average level of global peacefulness declined by 0.07 percent marking the 9th deterioration in the last thirteen years.

African independence patriarch Kenneth Kaunda dies

Date: 19 June 2021 Tags: Obituaries
  • Kenneth Kaunda, Zambia's founding president who led his country for 27 years and championed Africa's struggles against apartheid and HIV/AIDS, has died at the age of 97.
  • In the 1950s, Kaunda was a key figure in what was then Northern Rhodesia's independence movement from Britain.He became president following independence in 1964.
  • As head of the left-leaning United National Independence Party (UNIP), Kaunda then led the country through decades of one-party rule.He stepped down after losing multi-party elections in 1991.

Human DNA inspired storage system

Date: 19 June 2021 Tags: Miscellaneous
  • A team of researchers at MIT are working on a storage system that can hold massive amount of data, without taking much space.
  • The system under development is inspired by the human DNA, a building block of the genome. There are about 10 trillion gigabytes of digital data on Earth right now.
  • A property of the human DNA that makes it a desirable storage format is that it doesn’t consume any energy. One can write the DNA and then store it forever. Extreme stability, ease of synthesis and sequencing are other factors that favours DNA-based storage.
  • However, researchers reckon that the cost of DNA synthesis and pulling out the required file from the massive data repository are the major challenges in using DNA to store data.

Canadian PM names first person of colour as judge of supreme court

Date: 19 June 2021 Tags: Honours & Awards
  • Canadian Prime Minister Justin Trudeau made history by nominating the first judge of color to sit on the country's Supreme Court, which has only ever had white justices in its 146-year existence.
  • Mahmud Jamal, who has been a judge on Ontario's court of appeal since 2019, trained as a lawyer and appeared before the Supreme Court in 35 appeals addressing a range of civil, constitutional, criminal and regulatory issues.
  • Canada is a multicultural country, with more than 22% of the population comprised of minorities and another 5% aboriginal.