Current Affairs

10 March, 2022

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Tripartite MoU signed between Ministry of Ayush, CSIR, and ICAR for Collaboration in Research & Development

Ministry of Ayush has signed a tripartite Memorandum of Understanding (MoU) with the Council of Scientific & Industrial Research (CSIR) and Indian Council of Agricultural Research (ICAR) for Inter-Ministerial co-operation for the promotion, and facilitation of research and development and to draw synergies to the medicinal plants and traditional agricultural practices of India. It will also focus on the ‘Ayurved Aahar’ initiative of the Ministry of Ayush and the International Year of Millets in 2023.

Signatories:
The agreement was signed by Vaidya Rajesh Kotecha, Secretary of Ministry of Ayush, Dr. Trilochan Mohapatra, Director General of ICAR and Secretary, Department of Agricultural Research and Education (DARE), and Dr. Shekhar C. Mande, Director General, CSIR and Secretary, DSIR.
Highlights:
i.It aims to provide impetus to the national goals on food & agriculture and to focus on specific joint activities by the three Parties.
ii.The organizations will work in the different areas of agriculture including horti-floriculture, utilizing traditional food knowledge etc. and focus will be on ensuring food security and enhancing the livelihoods of the farmers.
iii.A Joint Working Group (JWG) will be formed involving officers from the Ministry of Ayush, ICAR, and CSIR for effective implementation of the MoU. The JWG will meet at least twice a year to follow up on the execution of MoU and suggest necessary measures for its development.

About The Ministry of Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homoeopathy (AYUSH):
Union Minister- Sarbananda Sonowal
Minister of State- Dr. Munjpara Mahendrabhai Kalubhai

India – Singapore MoU on cooperation in Science, Technology and Innovation

A Memorandum of Understanding (MoU) on cooperation in the fields of Science, Technology and Innovation was signed between the Department of Science & Technology, Government of India and Ministry of Trade & Industry, Government of Singapore. The MoU was signed during the inaugural event of India – Singapore Technology Summit 2022. The MoU was signed by Dr. S Chandrasekhar, Secretary, DST, and by Dr. Lee Chuan Teck, Permanent Secretary, MTI

This MoU will also encourage, develop and facilitate cooperation between India and Singapore in other fields like Agriculture, Food Science & Technology, Advanced Manufacturing & Engineering, Green Economy, Energy, Water, Climate & Natural Resources, Data Science, Emerging Technologies, Advanced Materials, And Health & Biotechnology.
Features of the MoU:
i.To share experiences on the national research, development, and innovation policies and programmes of each country.
ii.To exchange and share scientific and technological information by organising Partnership Development Activities (PDA), workshops, scientific seminars, and conferences.
iii. To conduct conferences that deals with various fields such as issues of common interest, joint research and development (R&D) projects, including industrial R&D to advance technology development for commercial outcomes.
iv.This Memorandum will remain in effect for a period of 5 years and will be automatically extended for a successive period of 5 years.
v.As a follow up to the MoU, an implementation agreement was also signed between the Sanjeev K Varshney, Adviser & Head of International Cooperation, Department of Science and Technology (DST), Ministry of Science and Technology, Government of India & Edwin Chow, Assistant Chief Executive Officer, Enterprise Singapore (ESG).
About Ministry of Science & Technology (MoS&T):
Minister of State (Independent Charge) – Dr. Jitendra Singh, (Udhampur constituency, J&K)
Departments under MoS&T – Department of Science & Technology; Department of Biotechnology

AIM: NITI Aayog Partners with Snap Inc to Drive AR Skilling amongst Indian Youth

During International Women’s Day National Institution for Transforming India (NITI) Aayog’s, Atal Innovation Mission (AIM), partnered with Snap Inc. to drive Augmented Reality (AR) skilling among the Indian youth along with the launch of a nationwide Lensathon (AR making hackathon), throughout the month of March. The hackathon will be focused on increasing participation of girls and young women over 13 interested in AR. Snap Inc also announced its partnership with the Atal Incubation Centers (AICs) to support the Indian start-up ecosystem with AR advertising bootcamps, Ad credits and other opportunities.

What is Augmented Reality (AR)?

AR is an enhanced version of the real physical world that is achieved through the use of digital visual elements, sound, or other senses delivered via digital technology.
About Atal Innovation Mission (AIM):
AIM was launched to promote innovation and entrepreneurship through digital platforms under the aegis of NITI Aayog.
Mission Director – Dr Chintan Vaishnav
Headquarters – New Delhi, Delhi

Economy

SEBI raises Public Debt Investment limit via UPI to Rs 5 lakh from Rs 2 Lakh

The Securities and Exchange Board of India (SEBI) increased the limit for investment through Unified Payments Interface (UPI) mechanism to Rs 5 lakh from Rs 2 Lakh for the investors applying in public issues of debt securities, which will open on or after May 1, 2022. The move comes following NPCI’s (National Payments Corporation of India) decision in December 2021, to enhance the per transaction limit in UPI from Rs 2 lakh to Rs 5 lakh for UPI-based Application Supported by Blocked Amount (ASBA) Initial Public Offer (IPO).
About Securities and Exchange Board of India (SEBI):
Chairperson– Madhabi Puri Buch
Headquarters– Mumbai, Maharashtra

The Securities and Exchange Board of India (SEBI) increased the limit for investment through Unified Payments Interface (UPI) mechanism to Rs 5 lakh from Rs 2 Lakh for the investors applying in public issues of debt securities, which will open on or after May 1, 2022. The move comes following NPCI’s (National Payments Corporation of India) decision in December 2021, to enhance the per transaction limit in UPI from Rs 2 lakh to Rs 5 lakh for UPI-based Application Supported by Blocked Amount (ASBA) Initial Public Offer (IPO). About Securities and Exchange Board of India (SEBI): Chairperson– Madhabi Puri Buch Headquarters– Mumbai, Maharashtra

The Reserve Bank of India (RBI) issued modified norms on ‘Interest Equalisation Scheme (IES) on Pre and Post Shipment Rupee Export Credit-Extension’ after the extension of the scheme till March 31, 2024 by the Central Government w.e.f. October 1, 2021. The extended scheme will not be applicable to the ones availing benefit under any Production Linked Incentive (PLI) scheme of the Central Government.

What is Interest Equalisation Scheme (IES)?
Implemented on April 1, 2015, IES (earlier called Interest Subvention Scheme) provides pre and post-shipment export credit to exporters in rupees. Exporters were facing increasing credit costs in their export cycles due to the stagnation of global demand and extended credit periods. Now this scheme enables exporters to correct their pricing and improve the competitiveness of their products. Under the IES, the government identifies eligible exporters and passes on the interest equalisation amount they are entitled to directly to them.It was originally implemented for five years.

Sports

FIFA Club World Cup UAE 2021: Chelsea won the Championship for the 1st Time

Chelsea Football Club (Chelsea FC) won the 2021 FIFA Club World Cup, an international club football tournament hosted by United Arab Emirates (UAE).Chelsea FC defeated Brazilian club Palmeiras in the finals.This is Chelsea FC’s first FIFA Club World Cup title.

The 18th edition of the Club World Cup took place at 2 venues in Abu Dhabi, UAE and was held from 3rd to 12th February 2022.The event was presented by Alibaba Cloud. Award Winners:Thiago Silva (Brazil) won the Adidas Golden Ball Award; Eduardo Pereira Rodrigues (Commonly Known as Dudu) (Brazil) won the Adidas Silver Ball Award; Danilo (Palmeiras) won the Adidas Bronze Ball Award; Thiago Silva won the Alibaba Cloud Award; Chelsea FC won the FIFA Fair Play Award. The Club World Cup, introduced in 2000, is an annual FIFA (International Federation of Association Football – French: Fédération Internationale de Football Association) competition to officially determine the world champions at the club level.

Miscellaneous

Iran launched ‘Noor 2’,Second Military Satellite into Orbit

The Islamic Revolutionary Guard Corps (IRGC) of Iran successfully put a second military Noor 2 satellite or “light” in Persian Into orbit at an altitude of 500 kilometres (311 miles).
The announcement came as talks held in Vienna to revive an agreement restraining Iran’s nuclear program have reached a critical stage.
Highlights:
i.Noor 2 has a three-stage Qased, or “Messenger”, carrier, launched from the Shahroud space port of Iran. The same type of rockets, which use a combination of liquid and solid fuels, carried the first military satellite.
ii.The first military satellite was launched by the Islamic Republic in April 2020. It is placed at an orbit of 425km (265 miles) above the earth’s surface.
Others satellites launched by Iran:
i.Rasad-1 is an imaging satellite, it was built and launched successfully by Iran. The satellite was sent into the 260 kilometres orbit by a Safir rocket launcher in 2011.
ii.In 2020, Iran launched Zafar 1 communication satellite through a Simorgh rocket from Imam Khomeini Space Center.
About Iran:
Capital-Tehran
President- Ebrahim Raisi
Currency-Iranian rial

Petascale Supercomputer ‘PARAM Ganga’ established at IIT Roorkee under National Supercomputing Mission

i.A Made in India Petascale Supercomputer ‘PARAM Ganga’ with a supercomputing capacity of 1.66 Petaflops (Peta Floating-Point Operations Per Second) has been installed at IIT (Indian Institute of Technology) Roorkee, Uttarakhand.
ii.This national Supercomputing Facility was inaugurated by B.V.R. Mohan Reddy, Chairman, Board of Governors, IIT Roorkee.
iii.PARAM Ganga designed and commissioned by the Centre for Development of Advanced Computing (C-DAC) under Phase 2 of the build approach of National Supercomputing Mission (NSM).
iv.NSM is a joint initiative by the Department of Electronics and Information Technology (DeitY), and the Department of Science and Technology (DST) and is implemented by C-DAC and Indian Institute of Science (IISc), Bengaluru (Karnataka).
About Centre for Development of Advanced Computing (C-DAC):
Parent Ministry– Ministry of Electronics and Information Technology (MeitY)
Director General– Col. AK Nath
Headquarter- Pune, Maharashtra

Minister of Labour & Employment Presents VRP, NSA and NSA( Mines) awards

The Union Minister of Labour & Employment and Environment, Forest & Climate Change, Bhupender Yadav, presented Vishwakarma Rashtriya Puraskar (VRP), National Safety Awards (NSA) for the performance year 2018, and National Safety Awards (Mines) for the contest years 2017, 2018, 2019 and 2020.
About the awards:
i.National Safety Awards (Mines) –
It aims to promote a competitive spirit amongst mine operators. It operated by the Directorate General of Mines Safety (DGMS), Dhanbad since 1983.
ii.Vishwakarma Rashtriya Puraskar (VRP)-
It is awarded in recognition of outstanding suggestions given by a worker or group of workers in the industrial undertakings where “Suggestion Schemes” are in operation.
About Ministry of Labour & Employment ( MoL & E ):
Union Minister- Bhupender Yadav ( Rajya Sabha Rajasthan )
Minister of State- Rameswar Teli ( Constituency Dibrugarh , Assam )

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