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    August 17, 2026
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    Banking-sector reform will guide lender capacity, financial stability, inclusion, consumer protection, deposit growth and responsible credit-card expansion.
    Banking-sector reform is proposed through a high-level committee on Banking for Viksit Bharat to review the sector and align it with growth needs while safeguarding financial stability, financial inclusion and consumer protection. Key themes include deposit mobilisation, youth banking, investment support, global capability centres, value-chain infrastructure, credit cards and priority-sector lending. Public-sector banks are expected to improve competitiveness through technology, sectoral expertise, product adaptation and customer-focused deposit growth. Credit-card development must maintain responsible underwriting, customer protection and appropriate risk controls.
    August 17, 2026
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    FCNR(B) concessional swap facility availability narrows to timely mobilised deposits amid rupee depreciation and foreign currency inflow concerns.
    Foreign-exchange conditions reflected rupee depreciation amid weak domestic equity markets and higher crude oil prices. FCNR(B) concessional swap facility availability is confined to foreign currency deposits mobilised by banks within the revised cut-off period, replacing the previously longer mobilisation window. The facility is intended to encourage foreign currency inflows, while banks use the FCNR(B) scheme to mobilise foreign currency deposits through attractive interest rates.
    August 17, 2026
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    Banking sector review panel will align future growth with financial stability, inclusion and consumer protection through government recommendations.
    High Level Committee on Banking for Viksit Bharat is proposed to comprehensively review the banking sector and align it with India's next phase of growth. It is intended to safeguard financial stability, financial inclusion and consumer protection, while providing views and recommendations to the Government on banking-sector development and reform.
    August 17, 2026
    Show AI Summary
    Prime Minister Internship Scheme enhances youth employability through paid industry exposure, cross-field learning, workplace readiness and potential full-time employment.
    The Prime Minister Internship Scheme provides paid internships with leading companies across India to improve youth employability through practical workplace exposure, industry experience and skills development. It addresses the gap between classroom learning and employers' expectations of workplace readiness. Participation is not confined to academic qualifications, allowing youth to pursue fields of interest and gain hands-on professional learning. Strong internship performance may lead to full-time roles, while the scheme stresses responsible work where errors may affect quality, consumer safety and organisational reputation.
    August 17, 2026
    Show AI Summary
    SAFTA origin fraud in areca imports allegedly enabled improper duty exemption through false Bangladeshi-origin declarations.
    SAFTA preferential duty treatment for areca-nut imports was allegedly misused by falsely declaring goods originating in South-East Asian countries as Bangladeshi origin. Since areca nuts normally attract 100% basic customs duty, the scheme sought to obtain the full SAFTA exemption reserved for qualifying Bangladeshi goods meeting Rules of Origin requirements. The alleged mechanism included routing goods through Bangladesh, changing containers and bags, using improperly obtained Certificates of Origin, and facilitating clearance through importers, Customs Brokers and IEC holders. Investigative findings also indicated cash proceeds, hawala channels and dummy entities.
    August 17, 2026
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    FCNR(B) concessional swap facility closure may reduce temporary foreign-currency inflow support and heighten rupee weakness concerns.
    The Reserve Bank of India restricted its concessional swap facility for FCNR(B) deposits to deposits mobilised by August 31, advancing the earlier cut-off date. The facility was intended to encourage foreign-currency inflows, while banks mobilise such deposits through attractive interest rates. Market commentary indicated that existing inflows may support the rupee in the near term, but the curtailed availability of the facility could reduce this temporary cushion and increase depreciation risk.
    August 16, 2026
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    Temporary tariff suspension for earthquake recovery is sought to ease pressure on affected Colombian businesses.
    Temporary suspension of high tariffs on Colombian products has been sought to support business recovery following a severe earthquake declared a natural disaster. The request links tariff relief to economic disruption affecting businesses amid extensive destruction, injuries and missing persons. United States emergency assistance has been provided through food, shelter and health supplies, while no response to the tariff-suspension request had been reported.
    August 16, 2026
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    Port-led industrial development and direct export operations aim to expand logistics infrastructure, market access and trade connectivity.
    Mission Samudra is proposed as a port-led industrial and logistics development programme linked to the commencement of export-import operations at Vizhinjam seaport. It covers industrial clusters, new cities, port connectivity, logistics, development initiatives, programme management and capacity building. Direct export shipments are intended to improve overseas-market access and reduce transit time and logistics costs, particularly for small and medium enterprises. The framework also anticipates growth in warehousing, cold storage, container freight stations and logistics parks, supported by private participation and road and rail connectivity.
    August 16, 2026
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    Electric vehicle export diversification strengthens India's presence across European, Asia-Pacific and Latin American markets through expanding overseas demand.
    India's electric motor car exports expanded sharply in the first quarter of 2026-27, reflecting increased international acceptance and competitiveness of India-manufactured electric vehicles. Europe became the principal export destination, led by Spain and the United Kingdom, with further demand across several European markets. Exports also reached Asia-Pacific markets, Nepal and emerging Latin American destinations. This wider market presence reflects improving quality and safety standards, stronger integration into global electric-vehicle supply chains, and diversification of India's electric-vehicle export profile.
    August 16, 2026
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    LPG production preparedness requires refiners and upstream producers to maintain capacity and increase output during supply constraints.
    Government has established a standing LPG production preparedness framework under which refining companies, oil marketing companies and upstream producers may be directed to increase production during supply constraints. Companies must maintain adequate LPG storage, evacuation and transportation infrastructure and pursue technically and economically feasible production-enhancing measures. Written directions may prescribe production quantities and periods, including restrictions on alternative uses of input streams required for LPG. The production schedule is updated twice yearly to reflect new facilities and added capacity from infrastructure, technology and distribution improvements.
    August 16, 2026
    Show AI Summary
    Free trade agreement market access requires MSMEs, farmers and exporters to meet global quality standards.
    Free trade agreements expand market-access opportunities for Indian MSMEs, exporters and producers through reduced or eliminated import duties on traded goods. Textiles, machinery, medicines, seafood and agricultural products can access international markets where they meet global standards and remain competitively priced. Farmers and producers are encouraged to develop export-oriented products, including chemical-free agricultural produce, while MSMEs may use preferential trade access to support manufacturing, exports, employment and growth.
    August 15, 2026
    Show AI Summary
    Chemical-free farming can strengthen agricultural exports by meeting global standards and responding to rising international demand.
    Chemical-free farming is urged to meet growing global demand and expand agricultural exports. Agricultural products must meet global parameters to facilitate access to international markets, including markets opened through free trade agreements. Food processing, export-oriented farm production, and global branding of traditional cuisine, millets, spices, fruits and flowers are identified as important elements of agriculture and food production policy.
    August 15, 2026
    Show AI Summary
    Voluntary foreign asset disclosure allows eligible taxpayers to regularise overseas holdings with immunity from further tax, penalties and prosecution.
    FAST-DS permits eligible taxpayers to disclose specified undisclosed foreign assets, foreign income, and foreign assets omitted from return schedules. Undisclosed assets or income not previously offered to tax may be declared up to Rs 1 crore on payment of an effective 60 per cent levy, based on fair market value as of 31 March 2026. Assets already offered to tax, or acquired during non-resident status but omitted from the return schedule, may be declared up to Rs 5 crore on payment of a fee. Valid declarations provide immunity from further tax, penalty and prosecution, while declared amounts are excluded from total income.
    August 15, 2026
    Show AI Summary
    Global pharmaceutical leadership is urged through Indian firms achieving top-five status, supported by generic manufacturing and export capacity.
    Indian pharmaceutical companies are urged to attain representation among the world's five leading pharmaceutical firms, despite India's established position as a major producer of generic medicines. India has a broad manufacturing base, supplies generic medicines across numerous therapeutic categories, and exports to worldwide markets including highly regulated jurisdictions. Although pharmaceutical exports and the domestic market have expanded, Indian firms have not yet secured positions among the largest global companies. Greater international scale may be supported through acquisitions and expanded established-brand and branded-generic operations.
    August 15, 2026
    Show AI Summary
    Foreign asset voluntary disclosure permits eligible small taxpayers to regularise qualifying assets through tax, additional levy, and statutory immunity.
    FAST-DS permits eligible small taxpayers to voluntarily disclose specified foreign assets or foreign income. It covers undisclosed foreign assets or income not offered to tax, subject to an aggregate value threshold of Rs 1 crore, and certain foreign assets omitted from the relevant return schedule, subject to a Rs 5 crore threshold and prescribed fee. Payment comprises 30 per cent tax and an additional equal amount. Disclosed income or investment is excluded from total income, with immunity from further tax, penalty and prosecution under the Black Money Act for the disclosed asset or income.
    August 15, 2026
    Show AI Summary
    Free trade agreement opportunities require MSMEs to meet global standards and expand exports across textiles, machinery, medicines and seafood.
    Free trade agreements are presented as export-market opportunities for Indian MSMEs because they reduce or eliminate import duties on a substantial range of traded goods. MSMEs are urged to expand exports of textiles, machinery, medicines and seafood, including shrimp, by meeting global quality standards and offering products competitively. Their export role is linked to self-reliance and their significant contribution to manufacturing, exports, GDP and employment.
    August 15, 2026
    Show AI Summary
    Windfall gains tax on petroleum exports was reduced to support domestic fuel availability and limit export price advantages.
    Special additional excise duty (windfall gains tax) on exports of petrol, diesel and aviation turbine fuel was reduced from 15 August 2026. Petrol export duty was reduced to nil, and export-duty rates on diesel and ATF were lowered. Duty rates for petrol and diesel cleared for domestic consumption remained unchanged. The export-duty framework seeks to maintain domestic petroleum-product availability and limit export advantages arising from higher global crude oil prices amid West Asia tensions.
    August 15, 2026
    Show AI Summary
    Energy self-reliance drives diversified fuel sourcing, expanded offshore exploration, and domestic capacity to reduce geopolitical supply vulnerability.
    Energy security policy seeks to reduce exposure to geopolitical pressure and supply disruption caused by dependence on overseas fuel and strategic maritime routes. India is diversifying crude oil and LNG sourcing while strengthening domestic hydrocarbon production through offshore exploration, seismic surveys, exploratory drilling and shared infrastructure. Expanded access to sedimentary basins is intended to unlock domestic oil and gas resources. Wider piped natural gas coverage, solar generation, critical-mineral exploration, and nuclear and other non-fossil energy sources support the broader objective of energy self-reliance.
    August 14, 2026
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    Current account deficit widened as merchandise trade imbalance expanded, despite stronger services surplus, transfers, and positive capital inflows.
    India's current account deficit widened in June 2026, principally because merchandise imports increased faster than exports and expanded the merchandise trade deficit. A higher services surplus, increased net transfers and a narrower net income deficit provided partial offsets. Net capital inflows, including foreign direct investment and foreign portfolio investment, supported a positive overall monthly balance. During the April-June quarter, despite increased services surplus and net transfers, the overall balance shifted to a deficit as the merchandise trade deficit widened.

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      How Open Source Is Driving Innovation in AI and DevOps

      July 21, 2025

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      Have you ever wondered how some of the coolest AI tools and automation platforms are becoming more intelligent, more swift and extremely easy to use? Or the new ways tech companies keep finding to let new apps and updates loose on the world day after day? The answer frequently turns out to be one thing: open source. It’s a word you’ve likely heard before, but what does it mean? And how is it helping push the envelope in AI (artificial intelligence) and DevOps? This article breaks it all down in terms that are straightforward and friendly, without getting overly technical.

      If you’re a tech trend kind of person or just curious about what powers the things that you see online, you’ll know why open source is one of the most significant forces driving AI and DevOps forward.

      What Is Open Source and Why Does It Matter Let’s start with the basics. Open-source software is any software program or tool in which the code is publicly available to be used and altered for free. Consider it a group endeavour.

      Rather than one company hiding everything, developers across the globe unite to make the program better. That might be fixing a few small bugs, adding new features, or making it faster or easier to use.

      This is what makes open source so powerful, and why sharing is so important. It introduces fresh ideas from diverse citizens with diverse experiences. And the best part? It democratizes technology. Whether you’re a student, a startup, a big company or a hobbyist, open-source tools are freely available and more affordable than having a big budget.

      How Open Source Is Shaping AI Innovation Artificial intelligence, or AI, is moving at a blistering pace. Much of this growth is being fueled by open-source projects. They are tools and platforms constructed by communities and shared openly on the internet. They are available for anyone to download, for anyone to test, to improve, and to expand.

      Non-proprietary AI projects speed development and put AI into the hands of more people. Instead, they could build on what’s already there and make it better. This is why we’ve seen advances in language translation, image recognition, chatbots and voice assistants.

      There are even things like the AI detector, which is a wonderful demonstration of how open source can drive creative solutions. Software tools like these are often developed with community-funded technology, and then moulded into products that help everyday people in daily life.

      You could try one of these tools here: AI detector. It can help determine if content is most likely written by AI or a human, which is seriously useful for writers, educators, and businesses.

      Making AI Easier to Use for Everyone That’s one of the best things about open source: It’s barrier-free. You don’t need to be an employee of a giant tech firm to experiment with AI. Open-source platforms are why we can all now have amazing tools at our fingertips in just a few clicks. Whether you’re a student, indie developer, or small business, it doesn’t matter.

      The platforms offer documentation, support forums, tutorials, and, in the case of some, an active and friendly community that you can turn to for advice. They are supposed to be easy to use so those new to coding can use them. It is a healthy loop, this kind of openness. The larger the group that gets involved, the more progress that occurs. It makes better tools for everyone.

      How DevOps Is Getting Smarter Through Open Source Now, let’s talk about DevOps. If you’ve ever opened an app and it works like it should, fast and without interruptions, or if you’ve visited a website that seems to be quick, reliable and can handle the load of a lot of people on the same site, there’s a good chance DevOps had something to do with it.

      DevOps is the concept of bringing together the work of software development and IT operations teams, enabling them to build, test, and release software quickly, safely, and efficiently. It’s akin to a behind-the-scenes team of people who keep all those digital tools running perfectly, even while new features are being added.

      One of the reasons DevOps has become so popular in recent years is open-source software. Open-source tools are enabling developers to automate processes, track performance, manage infrastructure and tackle complex workflows all in one place. Not only do these tools benefit large tech teams, but they also enable smaller or one-person development businesses to make something big without spending hours hand-coding everything.

      Some great examples of open-source instruments that are shaping the future of DevOps are platforms like Jenkins, Docker, Kubernetes, GitLab, etc. Jenkins makes it simple to automate all the things that can be automated, including testing and deployment.

      Docker lets developers wrap their apps in a tidy container so they behave the same way on any machine. Kubernetes is not only great at managing all of those containers across multiple servers, but also organizing them and keeping them running properly.

      DevOps for Beginners Made Simple You don’t have to be a full-time engineer to appreciate the value of DevOps. There are so many great things about modern DevOps tools, not the least of which is how friendly they’ve become for beginners. Here you are: you’ve just finished creating a simple website for your project or small business, and now you want to go live.

      Just a few years ago, that process could be long and arduous. You’d have to manually bring all the files to your hosting provider, make sure nothing broke in the interim (these are technical updates), and then maybe wait hours to a day or more for everything to go live. And if there was an error, correcting it entailed starting over from the beginning.

      Today, due to DevOps tools, that experience is completely transformed. Once your site is ready, you can push your changes with a single click. Automated tools quickly run checks on your code, ensure everything is in working order, and then effortlessly get it published on the internet. That means faster updates, fewer mistakes, and a better experience for you and your visitors. You can roll out new features quickly or make changes without fear of downtime.

      Tasks like testing and monitoring are also done in the background by these tools. They monitor your website, telling you if something should change.

      That kind of hand-holding really is invaluable when you’re just starting, bravo! It means you don’t have to take on the whole thing at once; you can concentrate on your ideas and let the tools do the heavy lifting.

      And there’s another part that makes it better: some of the most effective DevOps tools out there are open source. In other words, they’re free and chock-full of helpful folks.

      Whether you’re a small team, a single creator, or just experimenting for fun, you’ll be casting your work with the same advanced systems that big companies use. You don’t have to spend a lot of money or have a huge technical background to get set up.

      Teamwork Made Easier One of the best things about putting open-source DevOps tools to work is how well they improve collaboration. It can be challenging to stay organized and on the same page when you’re working with others on a software project.

      But with the right gear, the process becomes so much easier and more fun. Open-source DevOps platforms are designed to help your team work together seamlessly so that getting work accomplished is the least of your concerns, regardless of its size.

      With such tools, everyone has a clear picture of what’s going on in the project at all times. They can follow along as updates are made, track tasks, review changes to code and make suggestions all in real time. You can leave comments, ask questions, maybe even test some new features without touching the main project.

      This kind of visibility fosters trust among team members and helps communication flow organically. Everything is super clear, so we all know what’s going on and what we’re responsible for, which cuts down on confusion and helps ensure that there are no obstacles to making progress.

      What’s also amazing is how these tools conform to different team styles. While small teams may wonder why they should get involved in open source, whether you’re working in a corporate environment or a more casual community project, open-source DevOps tools mean you can tailor your workflows.

      You have complete flexibility to categorize tasks however works best for your team, automate updates, and even configure personalized alerts or notifications. It makes development feel connected and more custom, which makes for a better outcome.

      Open-source also help in creating a sense of belonging. The platforms are open and flexible, so people are pushed to show autonomy and bring their ideas.

      If someone has a hunch about how to do a part of the process more efficiently or make a workflow run more effectively, they can try it out and show what they found. This type of creative freedom fuels innovation and helps to make everyone feel like they have a stake in the success of the project.

      Even if your team is distributed between various cities or time zones, you can still collaborate as if you’re all in the same space with open-source DevOps tools. But most of these tools are in the cloud and can be used remotely, so it doesn’t matter where people are.

      They can sign into work, see updates and work with a team just as they could in an office. This allows you to easily create strong and effective teams even when everyone is in different locations.

      Helping Startups and Small Teams Succeed Small teams and startups usually have big dreams but tight wallets to tend to. They’re young, and full of passion, ideas, and motivation to build something great, but they don’t always have the money for costly tools or large tech stacks. Those are the moments that open-source tools were made for. They provide an inexpensive and strong way forward and would eventually allow anyone to develop high-end digital items without requiring them to make a big investment upfront.

      Since open-source platforms do not entail licensing fees, teams can start using them immediately without concern for cost. They do not have to pay for expensive software and can concentrate their resources on developing features, building their product and acquiring customers. Open source opens the doors very wide to innovation, even if your team is small.

      Yet another advantage is the vastness of the open-source communities. There are forums and video tutorials and guides and blogs, and even virtual meetups where developers exchange ideas and provide help. This treasure trove of information allows small teams to learn fast, solve in flight and keep projects moving. It fosters an environment of inspiration and learning, which is especially useful when you’re on a new team.

      The tools themselves are incredibly capable as well. Open source DevOps tools empower teams to develop, test, and release their products quickly. They make it increasingly easy to automate, so even small teams can move fast without relying on manual work all the time. From continuous integration to performance monitoring, these tools are everything you need to build better software and get it to market fast.

      And, maybe one of the most amazing things about open-source platforms is their adaptability to scale up. A tool that’s suitable for a two-person team today can also comfortably accommodate a much larger team later on. No re-platforming or retooling as you grow and your audience expands. You just continue to build on what you already have. The tools grow with you, adapting to your needs as they change over time.

      This kind of scalability provides comfort to small teams. And they have a strong foundation that can manage whatever success comes along. As for their tools, they know their tools will not be a limiting factor; they can think big from the very first day. It has also meant they’re able to stay focused on what matters: solving problems, creating value and building something their users will love.

      Learning and Growing with Open Source One of the most rewarding and often unexpected rewards of open source is just how much it can help people learn and grow. Whether you want to know more about AI, delve into DevOps, or just get started on the basics of programming, open-source tools are a great way to learn through experimentation and practice. You don’t have to have a degree in computer science to get started, or years of experience, for that matter, only curiosity and a willingness to experiment.

      When you work with open-source software, you have the opportunity to see how real projects are constructed. What you get to do is to look into the code that powers the popular tools and find out how others provide a solution (and maybe make it better). It’s almost like you can look behind the curtain and learn from established developers by just watching their work. You’ll also learn good practices, know how features are designed and come to have an instinct for how software projects are built.

      Best of all, open source is not about using tools, it’s about being part of something greater. A lot of people get started by playing with open source at home or at school and end up contributing to the open-source community. The power of these communities is that they are comprised of people from around the world who all want to make technology better and more easily available.

      Getting involved with an open-source community can be a fun and motivating thing to do. You’re able to ask questions, receive feedback, and even take on small projects that slowly increase your comfort level. In time, you may begin to propose new features, fix bugs, or help others in the early days of their journeys.

      Contribute to open-source projects, which is another great way to build a solid portfolio. If you ever need to demonstrate to a potential employer, contractor, or business partner what you are capable of, you can point to the projects you’ve contributed to. The work you are doing is visible, it is real, and you are part of a larger team. It demonstrates drive and creativity, and the ability to work with others*virtues everyone looks for in a professional.

      The open-source world is particularly beginner-friendly. A significant number of projects have new contributor guidelines, good documentation and tagged tasks that are a great fit for first-timers. I think most people are happy to hear new voices, and as long as readers see that we are a work in progress, too and that we are always learning, they are willing to give us the time to hone our skills. This makes it easier to get started and build the confidence to continue on the way.

      From there, a small learning experiment can blossom into a consuming passion. You may find that you love problem solving, working with teams or building tools that make other people’s lives easier. And because open source is always changing, there’s always something new to learn and more ways to develop. Here, your effort is acknowledged, your ideas are heard, and your progress is rewarded.

      Making Technology More Inclusive A related powerful effect of open source is how it helps connect the world. Costly tech and high-speed internet are not readily available to everyone. Open-source software is available to download without charge, and it runs on commodity hardware.

      This makes modern technology accessible for students in remote villages, for developers in emerging economies, and for enthusiasts around the world. They’re not left behind purely because of where they live or how much money they have. Open source unites and creates possibilities transcending borders.

      An increasing number of translated guides, local user groups, and online communities is evidence that open source can lead to global inclusion. It ensures the discussion can reach more folks and allows more people to contribute their ideas.

      Company Contributions Keep Open Source Strong Large companies, including Google, Microsoft, Meta and Amazon, are also contributors to open source. They donate code, support projects, and contribute code, surpassing existing tools they’ve built in the past. And that isn’t just out of the kindness of his heart. It has also helped them improve their services and create more trust with developers.

      These contributions vastly improve tools for all. It’s a win-win situation. Developers receive access to top-quality content, and companies receive feedback, new ideas and tight relations with the tech community.

      When companies open up their tools, it also spurs others on to open up theirs. It fosters a culture of sharing and improvement, which accelerates the pace of technological change.

      Always Getting Better Through Community One major reason open-source products continue to improve is due to the people who create them. These aren’t just professional developers. They are students, hobbyists, designers, teachers and general tech enthusiasts.

      If someone’s got a better way to do something, they can share it. It gets a polish when others test it and offer feedback. Over time, the little things can become the big things.

      The continual cycle of sharing, testing, and iterating keeps things fresh. That is, open-source tools are always changing in response to what people need most. What you wind up with is more intelligent AI models, faster DevOps processes and tools that just feel more intuitive to use.

      Looking Ahead: The Future of Open Source in AI and DevOps Open source in AI and DevOps seems exciting in the future. The tools will only get better as more and more people join the open-source movement. Expect to see even more user-friendly platforms, new features for automation, and faster and easier ways to create smart applications.

      AI tools will get better and be simpler to use. DevOps processes will become more streamlined and expedited. And, through open source, these innovations will be something anyone, not just big tech companies, can use.

      As online communities continue to expand, so should the number of people who constantly share their knowledge and skills. That spells new ideas, new talent and better tools for all. Open source isn’t just a way to build software; it’s a way to build a smarter, more connected tech world.

      Final Thoughts Open source is accomplishing wonderful things in both AI and DevOps. It’s making people work faster, learn more, and come together to build better tools. If you’re new or simply exploring for yourself AI and DevOps, open source offers you a friendly and helpful way to begin.

      (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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