#FactCheck - Viral Image of Bridge claims to be of Mumbai, but in reality it's located in Qingdao, China
Executive Summary:
The photograph of a bridge allegedly in Mumbai, India circulated through social media was found to be false. Through investigations such as reverse image searches, examination of similar videos, and comparison with reputable news sources and google images, it has been found that the bridge in the viral photo is the Qingdao Jiaozhou Bay Bridge located in Qingdao, China. Multiple pieces of evidence, including matching architectural features and corroborating videos tell us that the bridge is not from Mumbai. No credible reports or sources have been found to prove the existence of a similar bridge in Mumbai.
Claims:
Social media users claim a viral image of the bridge is from Mumbai.
Fact Check:
Once the image was received, it was investigated under the reverse image search to find any lead or any information related to it. We found an image published by Mirror News media outlet, though we are still unsure but we can see the same upper pillars and the foundation pillars with the same color i.e white in the viral image.
The name of the Bridge is Jiaozhou Bay Bridge located in China, which connects the eastern port city of the country to an offshore island named Huangdao.
Taking a cue from this we then searched for the Bridge to find any other relatable images or videos. We found a YouTube Video uploaded by a channel named xuxiaopang, which has some similar structures like pillars and road design.
In reverse image search, we found another news article that tells about the same bridge in China, which is more likely similar looking.
Upon lack of evidence and credible sources for opening a similar bridge in Mumbai, and after a thorough investigation we concluded that the claim made in the viral image is misleading and false. It’s a bridge located in China not in Mumbai.
Conclusion:
In conclusion, after fact-checking it was found that the viral image of the bridge allegedly in Mumbai, India was claimed to be false. The bridge in the picture climbed to be Qingdao Jiaozhou Bay Bridge actually happened to be located in Qingdao, China. Several sources such as reverse image searches, videos, and reliable news outlets prove the same. No evidence exists to suggest that there is such a bridge like that in Mumbai. Therefore, this claim is false because the actual bridge is in China, not in Mumbai.
- Claim: The bridge seen in the popular social media posts is in Mumbai.
- Claimed on: X (formerly known as Twitter), Facebook,
- Fact Check: Fake & Misleading
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Introduction
The Indian Cabinet has approved a comprehensive national-level IndiaAI Mission with a budget outlay ofRs.10,371.92 crore. The mission aims to strengthen the Indian AI innovation ecosystem by democratizing computing access, improving data quality, developing indigenous AI capabilities, attracting top AI talent, enabling industry collaboration, providing startup risk capital, ensuring socially-impactful A projects, and bolstering ethical AI. The mission will be implemented by the'IndiaAI' Independent Business Division (IBD) under the Digital India Corporation (DIC) and consists of several components such as IndiaAI Compute Capacity, IndiaAI Innovation Centre (IAIC), IndiaAI Datasets Platform, India AI Application Development Initiative, IndiaAI Future Skills, IndiaAI Startup Financing, and Safe & Trusted AI over the next 5 years.
This financial outlay is intended to befulfilled through a public-private partnership model, to ensure a structured implementation of the IndiaAI Mission. The main objective is to create and nurture an ecosystem for India’s AI innovation. This mission is intended to act as a catalyst for shaping the future of AI for India and the world. AI has the potential to become an active enabler of the digital economy and the Indian government aims to harness its full potential to benefit its citizens and drive the growth of its economy.
Key Objectives of India's AI Mission
● With the advancements in data collection, processing and computational power, intelligent systems can be deployed in varied tasks and decision-making to enable better connectivity and enhance productivity.
● India’s AI Mission will concentrate on benefiting India and addressing societal needs in primary areas of healthcare, education, agriculture, smart cities and infrastructure, including smart mobility and transportation.
● This mission will work with extensive academia-industry interactions to ensure the development of core research capability at the national level. This initiative will involve international collaborations and efforts to advance technological frontiers by generating new knowledge and developing and implementing innovative applications.
The strategies developed for implementing the IndiaAI Mission are via Public-Private Partnerships, Skilling initiatives and AI Policy and Regulation. An example of the work towards the public-private partnership is the pre-bid meeting that the IT Ministry hosted on 29th August2024, which saw industrial participation from Nvidia, Intel, AMD, Qualcomm, Microsoft Azure, AWS, Google Cloud and Palo Alto Networks.
Components of IndiaAI Mission
The IndiaAI Compute Capacity: The IndiaAI Compute pillar will build a high-end scalable AI computing ecosystem to cater to India's rapidly expanding AI start-ups and research ecosystem. The ecosystem will comprise AI compute infrastructure of 10,000 or more GPUs, built through public-private partnerships. An AI marketplace will offer AI as a service and pre-trained models to AI innovators.
The IndiaAI Innovation Centre will undertake the development and deployment of indigenous Large Multimodal Models (LMMs) and domain-specific foundational models in critical sectors. The IndiaAI Datasets Platform will streamline access to quality on-personal datasets for AI innovation.
The IndiaAI Future Skills pillar will mitigate barriers to entry into AI programs and increase AI courses in undergraduate, master-level, and Ph.D. programs. Data and AI Labs will be set up in Tier 2 and Tier 3 cities across India to impart foundational-level courses.
The IndiaAI Startup Financing pillar will support and accelerate deep-tech AI startups, providing streamlined access to funding for futuristic AI projects.
The Safe & Trusted AI pillar will enable the implementation of responsible AI projects and the development of indigenous tools and frameworks, self-assessment check lists for innovators, and other guidelines and governance frameworks by recognising the need for adequate guardrails to advance the responsible development, deployment, and adoption of AI.
CyberPeace Considerations for the IndiaAI Mission
● Data privacy and security are paramount as emerging privacy instruments aim to ensure ethical AI use. Addressing bias and fairness in AI remains a significant challenge, especially with poor-quality or tampered datasets that can lead to flawed decision-making, posing risks to fairness, privacy, and security.
● Geopolitical tensions and export control regulations restrict access to cutting-edge AI technologies and critical hardware, delaying progress and impacting data security. In India, where multilingualism and regional diversity are key characteristics, the unavailability of large, clean, and labeled datasets in Indic languages hampers the development of fair and robust AI models suited to the local context.
● Infrastructure and accessibility pose additional hurdles in India’s AI development. The country faces challenges in building computing capacity, with delays in procuring essential hardware, such as GPUs like Nvidia’s A100 chip, hindering businesses, particularly smaller firms. AI development relies heavily on robust cloud computing infrastructure, which remains in its infancy in India. While initiatives like AIRAWAT signal progress, significant gaps persist in scaling AI infrastructure. Furthermore, the scarcity of skilled AI professionals is a pressing concern, alongside the high costs of implementing AI in industries like manufacturing. Finally, the growing computational demands of AI lead to increased energy consumption and environmental impact, raising concerns about balancing AI growth with sustainable practices.
Conclusion
We advocate for ethical and responsible AI development adoption to ensure ethical usage, safeguard privacy, and promote transparency. By setting clear guidelines and standards, the nation would be able to harness AI's potential while mitigating risks and fostering trust. The IndiaAI Mission will propel innovation, build domestic capacities, create highly-skilled employment opportunities, and demonstrate how transformative technology can be used for social good and enhance global competitiveness.
References
● https://pib.gov.in/PressReleasePage.aspx?PRID=2012375
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Executive Summary:
A post on X (formerly Twitter) has gained widespread attention, featuring an image inaccurately asserting that Houthi rebels attacked a power plant in Ashkelon, Israel. This misleading content has circulated widely amid escalating geopolitical tensions. However, investigation shows that the footage actually originates from a prior incident in Saudi Arabia. This situation underscores the significant dangers posed by misinformation during conflicts and highlights the importance of verifying sources before sharing information.
Claims:
The viral video claims to show Houthi rebels attacking Israel's Ashkelon power plant as part of recent escalations in the Middle East conflict.
Fact Check:
Upon receiving the viral posts, we conducted a Google Lens search on the keyframes of the video. The search reveals that the video circulating online does not refer to an attack on the Ashkelon power plant in Israel. Instead, it depicts a 2022 drone strike on a Saudi Aramco facility in Abqaiq. There are no credible reports of Houthi rebels targeting Ashkelon, as their activities are largely confined to Yemen and Saudi Arabia.
This incident highlights the risks associated with misinformation during sensitive geopolitical events. Before sharing viral posts, take a brief moment to verify the facts. Misinformation spreads quickly and it’s far better to rely on trusted fact-checking sources.
Conclusion:
The assertion that Houthi rebels targeted the Ashkelon power plant in Israel is incorrect. The viral video in question has been misrepresented and actually shows a 2022 incident in Saudi Arabia. This underscores the importance of being cautious when sharing unverified media. Before sharing viral posts, take a moment to verify the facts. Misinformation spreads quickly, and it is far better to rely on trusted fact-checking sources.
- Claim: The video shows massive fire at Israel's Ashkelon power plant
- Claimed On:Instagram and X (Formerly Known As Twitter)
- Fact Check: False and Misleading
Introduction
In a groundbreaking move, India's Reserve Bank has embarked on a transformative journey with its Central Bank Digital Currency (CBDC) project. As the world grapples with the evolving landscape of digital finance, the implications of India's CBDC initiative extend beyond its borders, potentially reshaping global payment systems. The Union Minister of State for Finance, Shri Pankaj Chaudhary, revealed that on October 7, 2022, the Reserve Bank of India released a proposal note on Central Bank Digital Currency (CBDC). Two pilot projects using blockchain-based technology are described in the concept note: Digital Rupee-Wholesale (e₹-W) and Digital Rupee-Retail (e₹-R). Launched on November 1, 2022, the bulk trading pilot aims to increase intermediary competitiveness, particularly in the resolution of trades in the secondary market involving sovereign debt. In parallel, on December 1, 2022, the retail banking pilot, known as e₹-R, got underway in a limited user group with eight banks taking part in stages.
The digital asset known as e₳-R is issued across financial institutions for Person-to-Person (P2P) and Person-to-Merchant (P2M) transactions. It is intended to serve as a virtual currency that represents legal money and exhibits characteristics similar to actual cash. Based on input gathered during the continuing trial phases, the RBI intends to progressively broaden the pilot project's scope.
Central Bank Digital Currency Pilot Projects
Central Bank Digital Currency (CBDC), which the Central Bank of India is promoting, may easily perform an essential part in payments made across borders, according to Reserve Bank Governor Shaktikanta Das. The CBDC is going to be expanded to the international financial markets after being implemented as a trial in both the retail and wholesale industries.
CBDC in International Payments
He emphasized that although physical currency will still exist, the CBDC will eventually replace all forms of money worldwide.
"CBDC is going to be the future currency of the world and it is necessary that every central bank, every country works on CBDC," he stated. He also stated that as worldwide commerce moves more and more around science and technology, CBDCs will play a significant role since they can effectively and affordably speed up payment processing across different countries. Regarding India's foreign exchange reserves, the governor stated that the selection to increase the resources as a safety net and protection versus contagion possibilities was made consciously.
CBDCs' Place in the Transnational Economic Revolution
In certain economies worldwide, having a CBDC internationally accessible could lead to more replacements for foreign currencies rather than the home currencies, which could cause financial aggregates to become volatile and change the mix of instruments of exchange.
CBDC may have benefits related to first-mover savings of scale, and other consequences even in everyday circumstances. If nations with global currencies have established CBDCs, they could strengthen current advantages and disadvantages, including consequences, particularly in terms of revenue. In a similar vein, CBDC might alter the structure of international liquidity while safeguarding asset supply. Additionally, and particularly if imposed abruptly, CBDC may, in certain circumstances, result in significant capital movements and associated repercussions on the foreign exchange rate as well as additional asset prices. Furthermore, nations may encounter difficulties in getting ready for virtual currencies issued by central banks.
The worldwide and international scope of CBDCs accessible to immigrants may become particularly apparent in situations where there is a widespread flight safety concern. In these circumstances, converting a CBDC into a foreign currency would make it possible for capital markets to deleverage more quickly. The elimination of debt challenges could show up as tight finance constraints and abrupt swings in foreign exchange markets if CBDCS expedited its flight from uncertainty.
Deposits of Foreign Exchange and Self-Dependency
Reserve Bank Governor Shaktikanta Das stated "We must rely on ourselves. We must maintain our robust reserves. In order to achieve that goal, we have been amassing quite substantial reserves, and the outside world has come to feel quite confident that India would be able to fulfil its contractual responsibilities to the international community no matter what the obstacles,"
Involvement of RBI in the Currency Market
Given that the trading community was confident that the Reserve Bank of India would be capable of and able to fulfil its contractual responsibilities, the value of the Indian rupee did not decline as dramatically. The RBI governor stated that the RBI does participate in the economy, but that "our engagement operates in two ways," he would not hesitate to acknowledge this.
The Value of Macroeconomic and Budgetary Cooperation
According to RBI Governor Das, the RBI makes purchases and sales of dollars based on the direction in which the financial sector is trending. However, the RBI does not intend to set a certain level for the rupee because it does not consider any specific threshold for the Indian rupee's conversion rate against the US dollar. He also emphasized how crucial it is for both the financial and monetary authorities to work together.
Conclusion
India's CBDC project signals a transformative shift in the global digital finance landscape. Governor Shaktikanta Das envisions CBDCs as the future global currency, emphasizing their role in international payments. The potential impact on financial systems, cross-border transactions, and the need for self-reliance underscore the significance of India's CBDC initiative in shaping the evolving dynamics of the digital economy. As the project progresses, close cooperation between financial and monetary authorities becomes imperative for navigating the challenges and opportunities associated with this groundbreaking venture.
References
- https://economictimes.indiatimes.com/news/economy/policy/central-bank-digital-currency-can-play-important-role-in-cross-border-payment-rbi-guv/articleshow/104706717.cms
- https://www.bis.org/cpmi/publ/d174.pdf
- https://bfsi.economictimes.indiatimes.com/news/fintech/explained-how-rbi-is-leveraging-upi-to-push-the-use-of-retail-cbdc/103591989
- https://www.imf.org/en/News/Articles/2022/02/09/sp020922-the-future-of-money-gearing-up-for-central-bank-digital-currency
- https://www.business-standard.com/economy/news/cbdc-pilot-projects-show-promising-results-rbi-governor-shaktikanta-das-123102601171_1.html
