Face Recognition Technology
Adoption of Facial Authentication Technology (FAT) based Digital Life Certificate (DLC) in 2022-23 by the Employees’ Provident Fund Organisation (EPFO) has eased the life pensioners.
- A category of biometric security.
- Other forms of biometric security – Voice recognition, fingerprint recognition, and eye retina or iris recognition.
- It can identify human faces in images or videos or search for a face among a large collection of existing images.
- Applications – Used in automatic image indexing, video surveillance systems for personal security, etc.
Mumbai High Field
Oil and Natural Gas Corporation (ONGC) is seeking foreign partners for its flagship Mumbai High oil-field due to declining outputs.
- Located in – Arabian Sea.
- Discovered in – 1974, commenced production in 1976.
- Significance – Largest oil field in India
Sticky Inflation
RBI in its recent monetary policy review decided to retain the repo rate, for eighth time in a row, due to concerns of sticky inflation.
- A phenomenon where prices do not adjust quickly to changes in supply and demand, leading to persistent inflation.
- Factors behind inflation stickiness – Rising wages and prices for consumer goods and services
- Impact – It can push monetary authorities to tighten monetary policy and raise interest rates