ISRO Launch EOS 08
The launch of ISRO's EOS-08 mission aboard the Small Satellite Launch Vehicle (SSLV-D3) on August 16, 2024. This was the third developmental flight of the SSLV, aimed at demonstrating the vehicle's reliable performance and placing the EOS-08 satellite into a 475 km low Earth orbit. The launch was successful, marking the completion of the SSLV development project. Key features of the satellite include advanced technological integrations, miniaturized design innovations, and a state-of-the-art integrated avionics system. The mission also included three payloads: Electro Optical Infrared Payload (EOIR), Global Navigation Satellite System-Reflectometry (GNSS-R), and a SiC UV Dosimeter for the Gaganyaan mission.
Mains Question: What is an SSLV ?
India imports $2.8bn crude oil from Russia in July, almost 40% of total oil purchases
- India's Oil Imports from Russia: India imported $2.8 billion worth of crude oil from Russia, accounting for almost 40% of its oil imports. This marks a significant increase from pre-Russia-Ukraine war levels, where Russian imports were less than 1%.
- Global Context: China is the largest importer of Russian oil, followed by India, which is the world's third-largest oil-consuming and importing nation. The article also mentions China's and India's purchases of coal from Russia.
- Price Cap and Shadow Tankers: The report discusses the impact of the oil price cap policy imposed by Western nations, which led to the rise of a "shadow fleet" of tankers that evade the cap. In July, 81% of Russian seaborne crude oil was transported by these shadow tankers.
- Geopolitical Implications: The reliance on shadow tankers has reduced the leverage of G7 countries in enforcing the price cap, thus affecting Russia's oil export revenues.
Mains Question: What is price cap policy enforced by G7 Countries?
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