07-07-22 Daily-Tamilnadu-TNPSC Current Affairs

International Aerospace Manufacturing (IAMPL), a joint venture between Rolls-Royce and Hindustan Aeronautics Ltd, has signed a Memorandum of Understanding (MoU) with the government of Naduto set up new manufacturing facilities in Hosur.
The MoU was signed in the presence of TN chief ministerMK Stalinand will facilitate expansion of IAMPLs manufacturing operations through single window clearances and incentives. IAMPL intends to expand its operations in Tamil Nadu with an eye on the global supply chain. The MoU was announced on the sidelines of the Tamil Nadu Investment Conclave 2022.

Established in 2010, IAMPL is a 50/50 joint venture between Rolls-Royce and Hal for the manufacturing of high precision aero engine compressor, gas turbine parts. IAMPL has now evolved to become a fully-accredited benchmark facility within the high performing aero-engine global supply chain.

TiHAN stands for Technology Innovation Hub on Autonomous . It is a multidisciplinary initiative, that has been launched to make India a global player in smart mobility technology for futuristic and next generation. This platform will provide for high quality research facility between Industry, academia and R&D labs at local and global levels.

TiHAN testbed seeks to make India a global leader in terms of autonomous navigation technologies. TiHAN-IITH testbed on Autonomous Navigations (Aerial & Terrestrial) will help in accurate testing of next generation autonomous navigation technologies. The testbed comprises of simulation platforms, which is turn permit for non-destructive testing of algorithms and prototypes.

TiHAN was inaugurated at the campus of IIT Hyderabad.

Union Ministry of Science and Technology has developed the navigation facility with an outlay of Rs. 130 crores.

The Animal Health Summit was held to understand the significance of health of animals in broader objective of Indias rural incomes & prosperity, food & Nutrition security, and overall .

The summit was organised by Indian Chamber of Food and <a href="https://exam.pscnotes.com/Agriculture-notes-for-state-psc-exams”>Agriculture (ICFA) in collaboration with the Agriculture Today Group.

Union Minister ofFisheries, Animal Husbandry & Dairying, Parshottam Rupala,attended the event as chief guest and inaugurated the summit.

It is a two-day event and hosted many panel discussions on topics including:

Animal Health policy initiatives

Business Environment in Animal Health sector

Investment opportunities in Animal Health sector.

While inaugurating the summit, Union Minister noted that, we need to strengthen the cooperative movement in Livestock sector. He asked to use Ayurveda to ensure better animal health. He further asked for suggestions from citizens regarding initiatives, that can be implemented to recognise the work of veterinarians in India.

The recent conference of economy experts discussed the different views about Indian economy. They said that, in terms of GDP by Purchase Power Parity (PPP), India holds 3rd rank with $8.9 trillion. To reduce absolute POVERTY, the Government of India launched various schemes at the mass level and during the period 2011-15, and as a result,90 million people were lifted out of extreme poverty.

India’s domestic economy has acted as Oxygen for the rapidly weakening global economy due to the covid-19 pandemic and the Russia-Ukraine war. Due to India’s specific , trade and financial integration Bonds between the world, India has been strengthened, Now India is developing into a world leader, and the last decade has been very positive in terms of statistical and economic planning.But the biggest challenge for the Indian economy is to sustain this Growth for a long time, and the Covid-19 pandemic has also affected the economy badly.

The government of India has taken vital initiatives to revive the economy rapidly, and these steps are showing results; India has become a hub of generic drugs, vaccinations and medical devices and has also become a helping hand to those countries who are helpless in the midst of the pandemic period.

In past, India has been a member of ICH Committee for two times viz., during 2006-2010 and 2014-2018.

Amid the ongoing celebrations of Azadi Ka Amrit Mahotsav, India has been elected for two prominent Committees of UNESCO namely,

Intangible Cultural Heritage (for 2022-2026) and

World Heritage (for 2021-2025).

Membership to ICH Committee will provide India an opportunity to restore the values of Vasudeva Kutumbakam.