Current Affairs News 2018Current Affairs 2018

Commerce Ministry’s Department of Industrial Policy and Promotion (DIPP) has launched a Start-up-India ranking framework which is going to rank states/Union Territories based upon measures regions used to aid entrepreneurship. Unveiled by Union Minister of Commerce and Industry at a function held in New Delhi.

 

Important Points

  1. The framework will aim to foster competitiveness and encourage states/UT’s to act proactively in startup related matters.
  2. This ranking will also help the states to bring progress made in their startup ecosystem
  3. It will also make different states to learn good practices and abide by them.
  4. Its objective is to encourage different States/UTs to move towards strengthening Startup ecosystems at the local level. It will also measure impact of each step initiated at local level for building strong Startup ecosystem.
  5. Based on feedback model which is being collected from Startup ecosystem stakeholders, which include startups, mentors, investors, accelerators, incubators and government bodies. The parameters induced by this feedback will focus on all actions and initiatives undertaken by states on or before March 2018.
  6. The plan is to have a startup cell or helpline and mobile or web portal which will answer queries, size of startup mentor network created by state government and number of key incubators to provide support to startups.  It will also give greater thrust like seed funding support, women entrepreneurship etc.
  7. India acts as a home to around 20,000 startups, with about nearly as 1,400 beginning operations every year. They are propelling the economic growth of the country and also leading to technological innovations and employment generation in every state.
  8. Talking about Entrepreneurs in these startups who are known to introduce new solutions everyday and also are improving existing processes. Thus, this framework will not only encourage to help startups but with help of government will create policies for ease of doing business for startups.

Agni-1 missile, an indigenously developed short-range nuclear capable ballistic missile, was successfully test-fired  at Odisha’s Dr Abdul Kalam Island, formerly known as Wheeler Island.

The missile was tested as it is a part of a periodic training activity held by the Strategic Forces Command (SFC) of the Indian Army to synthesize operational preparedness. It is claimed to be part of India’s minimum credible deterrence under The No first to use policy.

Key Points

  1. Agni-1 is an indigenous development which is also termed as the range surface-to-surface, single-stage missile. 
  2. Developed by Advanced Systems Laboratory (ASL) in collaboration with Defence Research Development Laboratory (DRDL) and Research Centre Imarat (RCI). ASL is  also the premier missile development laboratory of DRDO.
  3. The missile which weighs around 12 tonnes is propelled by a solid rocket propellant system. Being 15-metre-long it can carry both conventional as well as nuclear payloads (warheads) of up to 1,000 kg. It also has a strike range of over 700 km.
  4. It is also equipped with specialised navigation system which will ensure that it reaches the target with a high degree of precision.
  5. The missile already has been in use for armed forces (service) in 2004. Since, It has proved its performance in terms of range, accuracy and lethality. The last trial was conducted in November 2016 from the same base.