Vertical Launch Short Range Surface-to-Air Missile (VL-SRSAM) | Current Affairs | Vision IAS
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Posted 13 Sep 2024

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Vertical Launch Short Range Surface-to-Air Missile (VL-SRSAM)

Recently, the flight test of VL-SRSAM has been successfully conducted by Defence Research & Development Organisation (DRDO) & Indian Navy from the Integrated Test Range (ITR) in Chandipur, off the coast of Odisha.

  • Flight test was carried out from a land-based vertical launcher.

About VL-SRSAM

  • It is a vertically launched surface to air missile with all-weather capability for use by Indian Navy. 
  • It is a ship borne weapon system designed to neutralise various aerial threats at close ranges, including sea-skimming targets.
  • Features: Indigenous Radio Frequency (RF) seeker
  • Developed by: DRDO

 

  • Tags :
  • Missile
  • DRDO
  • VL-SRSAM

Rangeen Machhli' App

Union Minister for Fisheries, Animal Husbandry and Dairying has recently launched 'Rangeen Machhli' App

About Rangeen Machhli App:

  • Developed by ICAR-Central Institute of Freshwater Aquaculture with support from the Pradhan Mantri Matsya Sampada Yojana.
  • Objective:  Provides multilingual information on popular ornamental fish species in eight Indian languages.
  • Features: Locate nearby aquarium shops, Promoting local businesses and connecting users with reliable sources for ornamental fish.

About Ornamental Fish Farming in India:

  • It is practise of raising attractive, colorful fishes of various characteristics, which are reared in a confined aquatic system.
  • Indigenous Ornamental Fishes: Loaches, Eels, Barbs, Catfish, and Goby, Clown Fish etc.
  • Tags :
  • Fisheries Sector
  • Ornamental Fisheries
  • Rangeen Machhli

EXERCISE AL NAJAH V

Indian Army Contingent departs for 5th edition of INDIA- OMAN Joint Military Exercise AL NAJAH V.

About Exercise AL NAJAH V

  • Exercise AL NAJAH has been held biennially since 2015 alternatively between India and Oman.
  • Exercise will take place at Rabkoot Training Area in Salalah, Oman.
  • Tags :
  • Military Exercise
  • Exercise AL NAJAH V

Bio-decomposer

Delhi Government is preparing to spray bio-decomposer, an alternative to stubble burning, over 5,000 acres of farmland. 

About Bio-decomposer 

  • Developed by Indian Agricultural Research Institute (IARI).
  • Bio-decomposer is a microbial liquid spray (consortium of seven fungal species). 
    • It can degrade diverse horticultural and agricultural residues like vegetable waste, citrus fruit waste, flower waste paddy straw, soybean trash, millet, maize residues rapidly and effectively.
  • Significance: Valuable composting technology to convert agri-waste into nutrient-rich products 
    • Improves soil and supports plant growth.
    • Able to decompose the agri residue in-situ within 25 days.
  • Tags :
  • Biodecomposer
  • composting technology

State Finance Commission

Kerala Cabinet clears proposal to constitute seventh State Finance Commission.

About State Finance Commission (SFC)

  • Article 243I of the Constitution empowers the Governor of a state to constitute a Finance Commission every five years.
    • Article 243I introduced by 73rd Constitutional Amendment Act 1992.
  • It reviews the financial position of the Panchayats and recommends principles for governing: 
    • Distribution between state and panchayats of net proceeds of state taxes
    • Determination of taxes, duties, tolls and fees which may be assigned to Panchayats
    • Grants-in-aid to Panchayats from State Consolidated Fund.  
  • Article 243Y provides that SFC shall make similar recommendations for municipalities. 
  • Tags :
  • State finance commission
  • Constitutional body

National Stock Exchange (NSE)

SEBI approves ten times hike in NSE’s authorized share capital to ₹500 crore.

About NSE

  • Headquarter: Mumbai
  • Establishment Year: Incorporated in 1992, recognized as stock exchange by SEBI in 1993 and commenced operations in 1994.
    • Stock exchange is a centralised marketplace where securities such as stocks, bonds, and derivatives are bought and sold by investors.
  • India’s largest stock exchange by market cap.
  • Nifty 50 (owned and managed by NSE Indices Limited) is flagship stock market index of NSE.
    • Consists of diversified 50 stock indexes from various sectors of economy.
  • Pioneer in Technology: First exchange in India to implement electronic/screen-based trading.

 

 

 

  • Tags :
  • NSE
  • Stock Market
  • National Stock Exchange

National Instructional Media Institute (NIMI)

NIMI has recently launched YouTube Channels to make vocational education more accessible  for ITI Students.

About NIMI

  • Genesis: Set up in 1986 by name of Central Instructional Media Institute by Government of India as a Subordinate Office.
    • Registered as a society under Tamil Nadu Societies Registration Act 1975.
    • Renamed as NIMI in 2003.
  • Functioning: Autonomous institution under government of India, Ministry of Skill Development & Entrepreneurship (MSDE), Directorate General of Training (DGT), New Delhi
  • Objective: 
    • Nodal Agency to develop Instructional Materials, e-content, Question Banks, Train media developers and trainers.
    • Enable translation of books into Hindi and other regional languages 

 

  • Tags :
  • Regional Languages
  • NIMI

National Bank for Financing Infrastructure and Development (NaBFID)

Central Government, under Companies Act, 2013, notified NaBFID as a Public Financial Institution (PFI).

  • Only institutions established under any Central or State Act or whose at least 51% paid up share capital is held by central or state government can be notified as PFI. 

National Bank for Financing Infrastructure and Development (NaBFID)

  • NaBFID  was established as an infrastructure focused Development Financial Institution (DFI) under the National Bank for Financing Infrastructure and Development Act, 2021.
  • It was established to support the development of long-term non-recourse infrastructure financing in India including development of bonds and derivatives markets.
  • Tags :
  • Infrastructure
  • NaBFID
  • Public Finance Institution
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