CrackitToday App

Centralized Pension Payment System

Centralized Pension Payment System: The Union Minister of Labour and Employment and Chairperson, Central Board of Trustees, EPF has approved the proposal for a Centralized Pension Payment System (CPPS) for the Employees’ Pension Scheme, 1995. Centralized Pension Payment System provides a national-level centralized system allowing pension payouts through any bank or branch in India. This […]

Vertical Fiscal Imbalance

Vertical Fiscal Imbalance: There is the problem of Vertical Fiscal Imbalance (VFI) in Indian fiscal federalism, where expenditure decentralization overwhelms the revenue-raising powers of the States. Vertical Fiscal Imbalance (VFI) is defined as the share of sub-national governments’ own spending not financed through their own revenues. A VFI describes a situation in which revenues do […]

Vishvasya-Blockchain Technology Stack

Vishvasya-Blockchain Technology Stack: The Government of India has launched the Vishvasya-Blockchain Technology Stack, offering Blockchain-as-a-Service (Baas) with geographically distributed infrastructure to support permissioned blockchain applications. Vishvasya offers Blockchain-as-a-Service (BaaS) using a distributed infrastructure to support permissioned blockchain applications. BaaS provides cloud-based tools for companies to build and manage blockchain apps. It is part of the […]

California’s New Law On Deceased Personalities’ Likeness

California’s New Law On Deceased Personalities’ Likeness: California’s AB 1836, passed on August 31, 2024, regulates the commercial use of deceased personalities’ likenesses, including their voice and image. The law aims to protect against unauthorized AI-generated replicas by requiring consent from the deceased’s heirs for such uses. Using a deceased personality’s likeness without consent from […]

India Graphene Engineering And Innovation Centre (IGEIC) Launched

India Graphene Engineering And Innovation Centre (IGEIC) Launched: The Ministry of Electronics and IT (MeitY) launched the India Graphene Engineering and Innovation Centre (IGEIC) under the Graphene Aurora Program (GAP), which was initiated in 2023 to foster the graphene technology ecosystem. Located in Trivandrum, Kerala, IGEIC is a non-profit that aims to bridge the gap […]