28-09-21 Daily-Tamilnadu-TNPSC Current Affairs

Nearly three-fourths of the textile and apparel firms are confident about doubling their businesses in the next five years considering the positive trend prevailing in the export market in the post-Covid business Environment, revealed a survey conducted by the Indian Texpreneurs Federation (ITF).

As many as 257 companies across the state participated in the survey, which was conducted to understand the Growth aspirations of the textile and apparel sector. About 76% of the firms were confident of doubling the current business in three to five years with the new cycle. This shows a positive change in the business environment of Tamil Nadus textile and apparel sector.

Roughly 40 or 16% of the companies surveyed, showed keen interest to explore the IPO option. While the market capitalization of Indian Equity markets crossed Rs 240 lakh crore, the combined market cap of listed companies in the textile and apparel sector is only 2.2 lakh crore. The Capital Market is growing at a rapid pace and the textile sector is also getting a lot of interest and attention from investors with valuations rallying upwards.

Nagaland’s sweet cucumber was granted a geographical identification (GI) tag as an agricultural product.

Highlights:

Under the terms of The of products (Registration and Protection) Act, 1999, Nagaland’s sweet cucumber was granted a geographical identification (GI) tag.

The cucumber is one of the significant vital crops within the Northeast region. Nagaland has the 5th-highest farming of this fruit area-wise and ranks 3rd in production.

Naga cucumber is distinguished for its sweetness and unique green colour. It’s rich in potassium and has low calories.

The GI tag is a crucial sign used on products with a selected geographical origin and reputation. It denotes the authenticity of not only the merchandise but the tactic during which it had been produced.

The GI tag is supposed to guard the truly unique traditions of communities against appropriating large industries and thus allow these regions economic prosperity by manufacturing, producing, and Marketing their lore.

The <a href="https://exam.pscnotes.com/national-disaster-management-authority”>National Disaster Management Authority (NDMA), 17th Formation Day, will be inaugurated in New Delhi on 28 September by Home Minister Amit Shah.

Highlights:

The theme of this Formation Day is Cascading effects of disaster events within the Himalayan region.

The Prime Minister’s Principal Secretary, Dr P. K. Mishra, will deliver the valediction. Ajay Kumar Mishra and Nisith Pramanik, The Ministers of State for Home Affairs Nityanand Rai, and the Union Home Secretary also will be present.

The technical session will see leading experts holding talks on Cascading Effects of Disaster Events within the Himalayan region within the country.

NDMA is remitted to get down policies, plans and guidelines for Disaster Management. India envisions the event of an ethos of Prevention, Mitigation, Preparedness and Response.