17-02-22 Daily-Odisha-OPSC Current Affairs

The is readying a proposal for the establishment of a textile park inOdishawith the Centre having approved seven PM Mega Integrated Textile Region and Apparel (PM MITRA) parks for the development of the textile sector in the country.
The Centre has planned to invest around Rs 4,445 crore by 2027-28 to develop these parks with world-class Infrastructure, including plug-and-play facility for investors in the sector. The Centre has asked the state governments to send their proposals for the establishment of textile parks under PM MITRA by March 15.

The state-owned Odisha Industrial Infrastructure Development Corporation (Idco) has roped in consultancy firm,Grant Thornton, to prepare the preliminary project report (PPR) seeking setting up of the park. It has engaged the industries department as the nodal agency for the purpose.
The state government has identified around 1,000 acres at Neulopoi near Dhenkanal for a greenfield textile park under the PM MITRA Scheme.

The state government source said it is ready to hand over the 1,000 acres of land at a nominal rate to the special purpose vehicle (SPV), to be formed for the development of the textile park.
Under the PM-MITRA, the Centre assures capital support of Rs 500 crore or 30% of the project cost (whichever is highest) for developing common infrastructure in the proposed textile park.
Considering Odishas huge potential for Growth of the textile Industry, the state government has listed the textile and apparel sector as one of the six focus sectors to draw investments.
Odisha also has skilled manpower in the textile and apparel sectors. The state produces several varieties of saris while some of them are popular globally. It has also proposed to set up Cotton processing, spinning and weaving, textile and garment Plants to draw Investment in the sector.

The leading digital payments platformPhonePeannounced that, will host the first ever Fintech Open Hackathon by collaborating with it.

The first-ever open-to-all hackathon will be organised with the aim of showcasing path-breaking solutions for fintech

The Hackathon will provide an opportunity for digital creators, developers and innovators, from across India to think, ideate and code.

At the hackathon, Participants are required to use any open-data APIs such as PhonePePulse along with frameworks like Account Aggregator as a foundation to power use cases, such as:

Alternate risk models for lending,

Insurance or investments with a focus on Financial Inclusion

Innovative products that use power data signals for demographics and goes for broader adoption of financial Services;

Improved visualisation and derived intelligence based on digital payments data.

The DefExpo 2022 is planned to be held from 10 March to 13 March 2022.

Highlights

DefExpo exhibition is India’s biennial marquee event for the defense manufacturing .

It has received confirmation from quite 900 exhibitors.

The final number is predicted to cross quite 1000. The event is held in Gandhinagar, Gujarat, for the primary time.

During the event, drone shows are organized for the general public on the theme of the Expo.

INDIAN NAVY also will showcase a number of its assets and capabilities at the Sabarmati riverfront for a larger audience.

The central government has proposed a law to empower it to repair Fertilizers‘ maximum asking price and control their quality and distribution.

Highlights:

All stakeholders have been asked to comment on the Department of Fertilizers’ proposed Integrated Plant Nutrition Management Bill, 2022.

It is the convenient public interest that the central government should take under its control on distribution, price, and quality of standards of fertilizers.

The bill seeks to determine India’s Integrated Plant Nutrition Management Authority.

It aims to promote the development and sustainable use of balanced fertilizers, including , nano-fertilizers, bio-stimulates, and organic fertilizers.

Recently, India announced to increase its “SARS-CoV-2 Genomics Consortium (INSACOG) Network” to neighbor countries to fight against Covid-19.

Highlights

INSACOG may be a network of laboratories for genomic sequencing and surveillance.

India will also implement the “TRIPS waiver,” which is co-sponsored with South Africa to diversify its local manufacturing in regional markets.

As a part of India’s development assistance package amid pandemic, it’s conducted 17 training modules for around 60 countries focused on the entire spectrum of COVID management.

India will take its experience in testing, treating, and vaccinating an outsized Population across different geographies and terrains to make customized and tailor-made capacity building and technical training programs for healthcare and frontline workers in Asia, Africa, and Latin America.

Since 1963, the Munich Security Conference has been held in Munich, Germany, as an annual conference on international security policy. Mnchner Konferenz fr Sicherheitspolitik and Wehrkundetagung were the previous names for the conference. It is the largest meeting of its kind in the world.

The Munich Security Conference has developed into the most important independent venue for international security policy decision-makers to exchange ideas during the last four decades.

Every year, it brings together over 350 top officials from over 70 countries to engage in a discussion on various security concerns. Heads of state, international organizations, and governments as well as members of parliament, ministers, high-ranking military representatives, civil Society, science, the media, and business are among those expected to attend this conference.

The conference takes place every year in February in the Bayerischer Hof Hotel in Munich, Germany.