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27th-28th November 2018 Current Affairs Updates
Raksha Mantri Smt Nirmala Sitharaman has formally launched ‘Mission Raksha Gyan Shakti’. The event showcased salient inventions and innovations achieved by Defence Research and Development Organisation (DRDO), Defence Public Sector Undertakings (DPSUs) and Ordnance Factories (OFs) which have resulted in successful filing of Intellectual Property Right (IPR) applications. Smt Sitharaman also felicitated some of the scientists, who invented and innovated useful products for the nation. A panel discussion was held with participation of Chairman and Managing Directors of all DPSUs to formulate a strategy for the future in this regard.
The IPR has emerged as a key ingredient of an ecosystem which stimulates innovation and ingenuity. An IP Facilitation Cell was established in April this year which has worked tirelessly to achieve ambitious targets of training 10,000 personnel of OFB and DPSUs on IPR and to facilitate filing of at least 1,000 new IPR applications.
As part of the ongoing initiatives to enhance self-reliance in defence, the Department of Defence Production has instituted a new framework titled ‘Mission Raksha GyanShakti’ which aims to provide a boost to the IPR culture in indigenous defence industry. The Directorate General of Quality Assurance (DGQA) has been entrusted with the responsibility of coordinating and implementing the programme. The event brought out that the end objective of ‘Mission Raksha Gyan Shakti’ is to inculcate IP culture in Indian defence manufacturing ecosystem.
The first global Sustainable Blue Economy Conference will be held in Nairobi, Kenya from Nov. 26 to 28 and is being co-hosted with Canada and Japan. Over 13,000 participants from around the world are coming together to learn how to build a blue economy for Shipping, Road Transport & Highways, Water Resources, River Development and Ganga Rejuvenation Nitin Gadkari
.Other parties who participated in this conference are World Wildlife Fund, WWF; International Maritime Organization, IMO; International Seabed Authority, ISA; orld Bank; AFRIEXIMBANK; Ocean Foundation etc
This conference was held on momentum of UN’s 2030 Agenda for Sustainable Development, 2015 Climate Change Conference in Paris and UN Ocean Conference 2017 ‘Call to Action. Over 17,000 plus participants from some 184 countries had participated in the conference. India was represented Union Minister
- Harnesses the potential of our oceans, seas, lakes and rivers to improve the lives of all, particularly people in developing states, women, youth and Indigenous peoples
- Leverages the latest innovations, scientific advances and best practices to build prosperity while conserving our waters for future generations
The conference will capture concrete commitments and practical actions that can be taken today to help the world transition to the blue economy.
India on Tuesday signed a $75-million loan agreement with the Asian Development Bank (ADB) to provide round-the-clock water supply to Karnataka’s four coastal towns of Kundapura, Mangalore Puttur and Udupi, and to improve sanitation infrastructure in Mangalore town.
The project finances would be used to augment water treatment production capacity by about 16 millions liters per day, lay about 90 kilometers of new water transmission lines and feeder mains, construct 29 overhead tanks and four ground-level service reservoirs, the Finance Ministry said in a statement.
It added that the project would also include establishing town-level supervisory control and data acquisition system to strengthen centralised supervision and control of water flow and water pressure.
The $75-million tranche-one loan is being used to strengthen urban water supply and sanitation services in three other towns of the state — Byadagi, Davangere and Harihar.
The Asian Development Bank (ADB) is a regional development bank established on 19 December 1966, which is headquartered in the Ortigas Center located in the city of Mandaluyong, Metro Manila, Philippines. The company also maintains 31 field offices around the world to promote social and economic development in Asia. The bank admits the members of the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP, formerly the Economic Commission for Asia and the Far East or ECAFE) and non-regional developed countries, From 31 members at its establishment, ADB now has 67 members, of which 48 are from within Asia and the Pacific and 19 from outside. The ADB was modeled closely on the World Bank, and has a similar weighted voting system where votes are distributed in proportion with members’ capital subscriptions. ADB releases an annual report that summarizes its operations, budget and other materials for review by the public.
Union Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu,launched the logo and brochure of Logix India 2019 in New Delhi today. Speaking on this occasion the Commerce Minister said that India is now one of the fastest growing economies of the world, and is seeking superior logistics linkages with nations all over the world.
The need for integrated Logistics sector development has been felt for quite some time in view of the fact that the logistics cost in India is very high compared to developed countries. High logistics cost reduces the competitiveness of Indian goods both in domestic as well as export market. Logistics sector is expected to grow to USD 360 billion by 2032 from the current USD 115 billion.Increasing globalization of Indian economy, along with renewed manufacturing vigour attributed to Make in India Campaign and growth of e-commerce business all forecast rapid growth in Indian logistics sector. The Minister said Logix India is a signature event and should be held annually.
Logix India 2019 is scheduled to take place in New Delhi from 31stJanuary to 2ndFebruary 2019.The mega logistics event is being organized by the Federation of Indian Export Organisations (FIEO) as a major initiative to improve logistics cost effectiveness and operational efficiencies for India’s global trade. Over 20 countries are sending delegations to explore logistics partnerships with India and FIEO is focusing on logistical solutions for difficult to reach markets.Over 100 international delegates are expected to attend Logix India 2019.FIEOwill also focus on investment opportunities in infrastructure development, warehouse consolidation, technology integration and IT enablement andskilling of manpower at the three-day meet.
India ranked 44 in the World Bank Logistics Performance Index 2018. As per the Economic Survey 2017-18, India’s logistics industry which is worth around USD 160 billion is likely to touch USD 215 billion in the next two years. This sector provides employment to more than 22 million people and is expected to grow at the rate of 10.5 per cent over the next 5 years.
A centralized electronic platform for processing interest subvention on bank loans to beneficiaries under Deendayal Antyodaya Yojana – National Urban Livelihoods Mission (DAY-NULM) named “PAiSA – Portal for Affordable Credit and Interest Subvention Access”, was launched . The web platform has been designed and developed by Allahabad Bank which is the Nodal bank. Launching the portal.
The portal was launched during the course of a day long National Workshop on Municipal Finance and Urban Planning organised by the Ministry of Housing and Urban Affairs and provided a platform to identify key areas of concern regarding municipal finance and urban planning, and exploring the options available to resolve them by inviting senior officials / experts to shed light on best practices. More than 300 delegates comprising officers from the States, Urban Local Bodies, Town Planning Offices across the country and Banks participated in the workshop.
All 35 states / UTs & all scheduled commercial banks, RRBs and Cooperative Banks are expected to be on board the PAiSA portal the year end.
International Gita Mahotsav celebrated to commemorate the birth of ‘Srimad Bhagwat Gita’, the sacred scripture containing invaluable advice of Lord Krishna that he proffered to Arjuna, the third Pandava in the battlefield of Kurukshetra on the first day of the famous 18-day battle in the Mahabharata. marks as one of the greatest days in the history of mankind. Nearly 5152 years ago on that day a dazzling flash of brilliant lightning lit up the firmament of human civilization. That spiritual effulgence, that flash, was the message of the Bhagavad Gita, given by the Lord Himself on the battlefield of Kurukshetra. Unlike ordinary dashes of lightning which die away after dashing for ‘a split-second, this brilliant dash of that memorable day continued to shine through the centuries and even now illumines the path of humanity on its onward march to perfection.
Observed on the 11th day of the Shukla Paksha (waxing phase of moon) of Margashirsh month (November – December) as per traditional Lunar calendar i.e. the Shukla Paksha Ekadashi day of the Margashirsha month.
Celebrated by throughout world by all admirers and lovers of this sacred scripture “Bhagvad Gita”.
- Kurukshetra Development Board,
- Haryana Tourism,
- District Administration,
- North Zone Cultural Centre, Patiala
- Information and Public Relations Department, Haryana.
The Indian side is being led by NITI Aayog Vice Chairman Rajiv Kumar, with the Russian delegation headed by Economic Development Minister Maxim Oreshkin.
The delegations from both of the countries discussed the development of bilateral ties in trade, investment, and industry at the platform provided by the two-day forum
The two-day forum is also expected to bring together key business figures from both countries.
The participants will discuss the development of bilateral ties in trade, investment, technology and industry.
Transport, agriculture and agro-processing, Small and Medium Enterprises, digital transformation and frontier technologies and industrial cooperation are some of the key areas of focus.
To improve bilateral trade to $ 30 billion by 2025, India and Russia have agreed to alienate of obstacles to trade. Both the countries are aiming to improve bilateral trade which was recorded with 21.5 percent growth last year.