News Summary · 3 minutes read
ISRO Chairman V. Narayanan, during the signing of an agreement between NewSpace India Limited, ISRO, IN-SPACe and Hindustan Aeronautics Limited for the transfer of the Small Satellite Launch Vehicle technology. Photo: X/@isro
Stay ahead in your UPSC CSE preparation with our daily News Summary. Designed to save time, it highlights key national and international events from leading newspapers and government websites.
India’s maritime sector
- India’s maritime sector accounts for 4% of India’s GDP and 1% of global tonnage → Aim: 12% of GDP by 2047.
- India has less than 1% share in global shipbuilding → ranks 16th globally → Aim: to rank among the top 10 maritime nations by 2030 and within the top 5 by 2047.
- Indian seafarers represent 12% of the global workforce → 25% by 2047.
- Key govt initiatives:
- Shipbuilding Finance Assistance Scheme
- A $3 billion Maritime Development Fund → 45% earmarked for shipbuilding and ship repair, and 20% for building Indian tonnage.
- Shipbuilding and repair clusters
- National Shipbuilding Mission
- Shipbreaking Credit Note scheme
- Upfront subsidies of up to 30% for non-conventional builds
India’s major world records in space exploration
- 2014: Mars Orbiter Mission made India the first nation to reach Mars on its maiden attempt.
- 2017: PSLV-C37 created history by launching 104 satellites in a single mission.
- 2019: Chandrayaan-2 placed the world’s best orbiter camera around the Moon.
- 2023: Chandrayaan-3 made India the first country to land a spacecraft near the lunar South Pole.
- Between 2014 and 2017, India achieved three global records in cryogenic stage development:
- LVM3’s cryogenic stage went from development to its maiden flight in just 28 months.
- C25 cryogenic stage hot-test series was completed in just 34 days.
- Achieved development, qualification and first flight using only 3 engines.
Miscellaneous
- Zomato and Uber have partnered with the Ministry of Road Transport and Highways (MoRTH) to distribute promotional materials on road safety as part of the Sadak Suraksha Abhiyan.
- PhonePe has partnered with the MSME Ministry and SIDBI to register more small merchants on the Udyam Portal → Udyam Portal was launched in 2020 by the MSME Ministry to provide paperless registration of MSMEs for ease of doing business and access to government benefits.
- Adi Sanskriti: a digital platform for tribal artforms and heritage recently launched by the Ministry of Tribal Affairs → consists of three components: Adi Vishwavidyalaya (Digital Tribal Art Academy), Adi Sampada (Socio-Cultural Repository), and Adi Haat (digital marketplace).
- ISRO signed a technology transfer agreement with HAL for the production of Small Satellite Launch Vehicles (SSLV).
- Iran has agreed to cooperate with the IAEA for nuclear inspections in Iran in a way that respects Iranian sovereignty.
- Allied Democratic Forces (ADF): operates in DR Congo and Uganda → affiliated to Islamic State group.
- M23 rebels: a Rwanda-backed rebel paramilitary group active primarily in DR Congo.
- Houthi rebels: Iran-backed rebel group in Yemen.
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