Government to launch the Digital India Innovation Fund for Catalyzing deep tech start-ups

The Minister of State for Electronics & Information Technology and Skill development & , Shri Rajeev Chandrasekhar today said that the Government of India is going to launch a

Digital India Innovation Fund that will support Deeptech Startups.

The Minister made these remarks during his address to over 1000 college students as part of the New India for Young India: Techade of Opportunities program at the Catholic Bishop House Campus, Thamarassery, Kerala.

Food Processing Industry Invests Nearly Rs 4,900 Crore Under PLI Scheme

The government said that the Food Processing has invested Rs 4,900 crore so far underthe production-linked incentive (PLI) scheme. The PLI scheme for the food processing industry was approved in March 2021, with a budget outlay of Rs 10,900 crore. It will be implementedfor seven years, until 2026-27.

A total of 182 applications have been approved

under the PLI scheme for the food processingindustry. This includes 30 applications for Millets-based products under the PLI scheme (8 largeentities and 22 SMEs). Incentives amounting to Rs 800 crore are likely to be disbursed in thecurrent financial year. Sales-based incentive of Rs 107.3 crore has been disbursed so far.

Twitter CEO Elon Musk Becomes First Person Ever to Lose $200 Billion

Tesla and Twitter CEOElon Muskbecame the first person to lose$200 billionfrom his net worth. Elon Musk has seen a drop of up to $137 billion in his wealth after a recent drop in Tesla . The shares of his electric car company are down nearly 65 percent.Elon Muskbecame therichest personin the world for the first time in January 2021 with a net worth of more than $185 billion.

However, he was replaced byBernard

Arnault,the chief executive of luxury brand Louis Vuittons parent company LVMH as the worlds richest man.

PM To Launch Delhi Dehradun Corridor

The Prime Minister Narendra Modi is to inaugurate Delhi Dehradun corridor.

Highlights

The PM will also launch several other projects along with the corridor, which will reduce the distance between the two cities from 248 km to 180 km.

The primary purpose of the corridor is to decongest North East Delhi.

The corridor will improve the Mandola Vihar Yojana of the Government of Uttar Pradesh and also the Growth potential of Tronica city.

PM Modi will set the foundation stone for the Delhi Dehradun corridor, which will be built at Rs 8,300 crores.

The project is to be executed in Engineering, Procurement and Construction mode, where the government pays the private developer for constructing roads. And the toll revenue accrues to the government.

The highway is divided into four sections, and Section 1 is to be developed as 6 lanes.

Also, it is divided into two packages where package 1 falls in the Delhi portion, and Package 2 falls in the Uttar Pradesh portion.

The Exercise Ekuverin is a joint military exercise held between India and Maldives. It is held between the armies of India and Maldives.

Ekuverin means Friends in Dhivehi language. It is an Indo Aryan language. It is spoken in India, Lakshadweep and Maldives.

The Exercise is being conducted between India and Maldives since 2008.

In 2019, the exercise was held in Pune, Maharashtra and in 2018, it was held in Maldives.

The exercise focused on enhancing inter operability

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between the armed forces of India and Maldives.

It also included counter insurgency and counter terrorism operations.

The joint exercise in 2021, also conducted Sports and cultural activities to enhance the bilateral and DEFENCE relations.

The Climatic Zones of India AGRO

Agro Climatic Zone is suitable land for growing a particular crop type.

Highlights:

It is essential to delineate the land in the country into agro-climatic zones for sustainable agricultural production.

The Agro Climatic Zone has two significant modifications – Climate and growing periods.

The Agro-Ecological Zone has four vital variables – climate, types, Landforms and length of the growing period.

An Agro-Ecological Zone is created from the Agro Climatic Zone. The land unit acts as a conditioner to climate and length of the growing period. There are 20 agro-ecological zones in India.

The Indian Council of Agricultural Research began the National Agricultural Research Project to set up zonal research

centres in each agro-climatic zone.

These centres will analyse agro-ecological requirements and Cropping patterns in the regions.

There are 15 agro-climatic zones in India. They are,

Western Himalayas

Eastern Himalayas

Lower Gangetic plains

Middle Gangetic plains

Upper Gangetic plains

Trans Gangetic plains

Eastern plateau and hills

Central plateau and hills

Western plateau and hills

Southern plateau and hills

East coast plains and hills

West coast plains and hills

Gujarat Plains and Hills

Western dry region and islands.

INSACOG For Booster Shots

The COVID 19 Vaccine Booster Shots are recommended by the INSACOG (Indian SARS CoV 2 Genomics Consortium) for people above 40.

Highlights:

The advice arises to counterbalance the Omicron risks in the country. The Omicron is a COVID-19 variant that was later identified in South Africa.

The World Health Organisation

declared it a “Variant of Concern”. According to INSACOG, it isn’t easy to identify the presence of the variant in the more initial stages of its entry into the country.

Booster shots

The booster shots are the supplementary use of the vaccine, given after the protection afforded by the original shots begin to decline.

The booster shots help keep the immunity levels in people, and all Vaccines have booster shots.

The booster shots are given after a person has completed his vaccine series to increase the protection against the virus.

This is because the protection against the virus decreases over some time.

Davis Cup 2021

The Davis Cup 2021 was won by the Russian Tennis Federation.

Highlights:

The Davis Cup finals happened between Daniil Medvedev and Andrey Rublev of Russia.

And Daniit Medvedev won the match, taking victory to the Russian Tennis Federation.

The Davis Cup is also named the World Cup of Tennis as it is an international team competition in men’s tennis.

The Billie Jean King Cup is the

Women‘s equivalent of the Davis Cup. The International Tennis Federation conducts it on hard courts.

It first happened in 1900 as a trial between the US and Britain, and by 2016, 135 countries were participating in the tournament.

The most victorious countries of the Davis cup are the

USA, Australia, New Zealand, where the USA has won the Davis Title 32 times, Australia has won 28 times.

It is a single-elimination tournament, as each match’s loser is immediately eliminated from the tournament.

Indias 1st privately built rocket set for suborbital launch with 3 payloads

Indias first privately developed rocket Vikram-S is undergoing final launch preparations atIsros launch pad in Sriharikota and is expected

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to be launched in a suborbital mission.

The mission is named Prarambh meaning the beginning. The rocket is developed by startupSkyrootAerospace, which has the technical launch clearance from Space regulator IN-SPACe and is looking at a launch window between November 12 and 16.

Skyroots launch vehicles are named Vikram as a tribute to the founder of the Indian Space programmeVikram Sarabhai.

Vikram-S is a single-stage sub-orbital launch vehicle which would carry three customer payloads and help test and validate the majority of the technologies in theVikramseries of space launch vehicles.

States revenue via stamp duty, registration up 35%

State governments revenue through stamp duty (SD) and registration charges (RC) touched Rs 94,847 crore in H1FY23, showing a rise of 35% against the same period of the last financial year.

According to a study byMotilal Oswal Financial Services, Average monthly revenue collection in H1 of 2022-23 was Rs 15,807 crore as compared to Rs 11,687 crore

in the same period of 202122.

Maharashtra,Uttar Pradeshand Naduled the revenue collection, accounting for more than 40% of the total income generated. The surge in revenue is attributedlargely to revival of residential real estate sector sinceCovid. Property consultants indicated sales of housing units have shot up across metros and housing finance companies said demand for Home loans in tier-2 and -3 cities and towns surged in past two quarters of this fiscal.

Only Bihar witnessed anegative Growth of -73% to Rs 620 crore in the first half of 2022-23 compared to the same period of last fiscal.

7 new airports in 8 years: Aviation brings the Northeast close to rest of India, puts it on the world map

Aerial connectivity in theNortheasthas got a major boost with Prime MinisterNarendra Modi inaugurating the firstGreenfieldairport inArunachal PradeshDonyi PoloAirport at Hollangi, Itanagar.

He had laid the foundation stone for this airport in February 2019 and state-run Authority of India (AAI) completed the work in time despiteCovid. While the region had nine operational airports till 2014, seven more have been built since then taking the number up to 16 with pans for many more in coming years.
Northeast India is one of the biggest beneficiaries of the governments ambitious UDAN-regional connectivity scheme with several routes awarded for the region.
Airports in five northeastern states, namely, Mizoram, Meghalaya, Sikkim, Arunachal Pradesh and Nagaland have seen flights take off for the first time in 75 years. Aircraft movement in the North-East has

also witnessed an increase of 113% since 2014, from 852 per week in 2014 to 1817 per week in 2022.

Airports in five northeastern states Mizoram, Meghalaya, Sikkim, Arunachal Pradesh and Nagaland have seen flights take off for the first time in 75 years.