CONTENTS
- DURGA-2
- Insurance Regulatory and Development Authority of India
DURGA-2
Context:
The Defence Research and Development Organisation (DRDO) is reported to be testing a prototype of its DURGA-2 (Directionally Unrestricted Ray Gun Array) system.
Relevance:
Facts for Prelims
About DURGA-2
Functionality:
- DURGA-2 is a weapon system designed to damage or destroy its target using focused energy, which can be in the form of lasers, microwaves, or particle beams.
Advantages:
- Speed: The weapon transmits lethal force at the speed of light, approximately 300,000 kilometers per second.
- Environmental Independence: The beams of DURGA-2 are not influenced by gravity or atmospheric drag.
- Precision: It offers high precision, allowing for accurate targeting.
- Customizability: The effects of the weapon can be tailored by adjusting the type and intensity of the energy directed at the target.
Significance:
- The development of DURGA-2 signifies a transformative shift in the aerospace industry, potentially revolutionizing the way wars are conducted.
- This advancement facilitates the creation of state-of-the-art platforms, weapons, sensors, and networks crucial for ensuring success in future warfare scenarios.
Countries with Similar Systems:
- The technology of focused energy weapons is also possessed by countries like Russia, France, Germany, the United Kingdom, Israel, and China.
Insurance Regulatory and Development Authority of India
Context:
In the last 24 years, IRDAI steered the industry on the growth path in the post-reforms era by safeguarding consumer interests and propelling industry advancement.
Relevance:
GS III: Indian Economy
Dimensions of the Article:
- About Insurance Regulatory and Development Authority of India
About Insurance Regulatory and Development Authority of India:
- Establishment: IRDAI was founded in 1999 as a regulatory body to safeguard the interests of insurance customers.
- Statutory Body: It operates as a statutory body under the IRDA Act 1999 and falls under the jurisdiction of the Ministry of Finance.
- Regulatory and Development Authority: IRDAI is responsible for regulating and fostering the development of the insurance industry in India.
- Monitoring Activities: The authority closely monitors insurance-related activities to ensure compliance with regulations and standards.
- Legal Framework: The powers and functions of IRDAI are defined by the IRDAI Act, 1999 and the Insurance Act, 1938.
