29.06.22 Daily [Telangana] TSPSC Current Affairs

India’s startup stateTelanganahas featured among the top 100 emerging startup Ecosystems globally, retaining its position in the 61-70 rank category but falling behind Chennai and Pune in the 10th edition of the Global Startup Ecosystem Report (GSER) 2022 that was released recently.

Last year, Hyderabad had featured on the rankings, scoring in the 61-70 ranks along with Mumbai, Pune and Chennai, but this year the city was replaced by , albeit in the same rank range as last year.

However, Telangana’s startup ecosystem stood among the top 10 in the Global Ecosystem in Affordable Talent and Asian Ecosystem in Funding, while it featured in the top 15 in terms of the Global Ecosystem in Bang for Buck, as per the report.

As per the report, Telangana saw a total early stage funding to the tune of $273 million in the H22019-2021 period as compared to the global Average of $687 million, and its ecosystem value during the period stood at around $4.8 billion as against the global average of $28.6 billion.

First National Excellence Awards was hosted by Government of India in New Delhi. Union minister Piyush Goyal and minister of state for commerce and Industry Som Parkash rma presented awards in 12 categories.

National Logistics Excellence Awards are presented with the aim of acknowledging many logistics service providers in India, that have been able to display innovation, efficiency and diversity.

The first edition comprises of 169 entries and 12 categories for awards.

Commerce and Industries Ministry undertook a year-long process to identify, categorise, and select qualified applications.

An expert screening committee, comprising of 18 diverse experts as well as a national jury of 9 senior dignitaries was created to make final deliberations.

Prime Minister Modi launched the NIRYAT Portal, that stands for National Import-Export Record for Yearly Analysis of Trade portal. The portal has been developed as one-stop platform for stakeholders, where they would get all necessary information related to of India. It will provide real time data to all stakeholders. NIRYAT portal was launched with the aim of facilitating further strengthening of financial sector of India in line with 3Ts namely Trade, Tourism and Technology.

In fiscal year 2020-21, Indias exports were at a total (goods and Services) of USD 670 billion.

In 2021-22, Indias merchandise exports crossed USD 418 billion as opposed to the target of USD 400 billion.

Considering the success, government has now increased its export targets and has doubled efforts to achieve them.

Indian Oil Corporation (IOC) unveiled its patented indigenous solar cook top called Surya Nutan.

Surya Nutan has been developed by Faridabad R&D centre of the oil refiner (IOC).

The solar cook top will aid in reducing CO₂emissions of India drastically and keep its citizens insulated from high international fossil fuel prices.

It is a rechargeable, stationary, and kitchen-connected indoor solar cooking system.

The system offers an online cooking mode while charging.

Currently, the pilot projects are being held across 60 places like Leh (Ladakh), in order to ascertain several operational and commercial aspects associated with its application.

Initial cost of the solar cooktop was Rs 12,000 for base model while Rs 23,000 for the top model. However, this cost is likely to reduce substantially with economies of scale.

SATAT Scheme stands for Sustainable Alternative Towards Affordable Transportation (SATAT) scheme. It has four objectives:

To utilise over 62 million metric tonnes of waste generated per year in India

To cut down import dependence

To supplement job creation India.

To reduce vehicular emissions and pollution from burning of organic waste or agricultural waste.

Vivatech 2020, “Europe’s biggest startup conference, recognized India as the country of the year.It is a huge honor for India to be named “country of the year” in Vivatech 2020. It is because of the contribution of Indian startups to the world. This is the Indian startups’ recognition.

Around 65 startups from India are taking part in Vivatech 2022 with government support.

The International Labour Organisation (ILO) recently released its report on Domestic Workers. According to the report, only 6 % of domestic workers across the world have access to comprehensive social protection.

Report notes that, 94 per cent of the domestic workers are lacking access to full range of protections, covering medical care, old age, sickness, Unemployment, family, maternity, EMPLOYMENT injury, invalidity and survivors benefits.

Extension of effective coverage is lagging significantly behind the legal coverage.

In reality, only one-in-five domestic workers are covered in practice because majority are employed informally.

Despite their vital contribution to Society, they are supporting households with their most personal and care needs.

6 million domestic workers of the world face multiple barriers in enjoying legal coverage and effective access to social security.

They are usually excluded from national social security legislation.