Make in India: Current Affairs, GK & News - 2020-2021

First 12,000 HP Electric Loco operationalized by Indian Railways

Published: May 20, 2020

On May 19, 2020, the Indian Railways operationalized the first 12,000 HP electric locomotive. The locomotive was built by the French Alstom Company under the Make in India initiative. Highlights The locomotive was manufactured at the Madhepura Electric Locomotive in Bihar. It is capable of hauling 6000 tonnes at a top speed of 120 km/hr. ..

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Indian Air Force shelves three main projects

Published: May 19, 2020

On May 18, 2020, the Indian Air Force Chief RKS Bhadauria announced that it will shelve three main projects of worth Rs 8,000 crores. This is because the Central Government is pushing for Make in India. Currently, the Government of India is to focus on indigenization. Highlights Prime Minister Modi recently announced Atma Nirbhar Bharat ..

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Action Covid-19 Team launched in India: First of its kind in the world

Published: April 3, 2020

The Action COVID Team was launched by top fund mangers of private sector and blue-chip venture capital firm. Significance The Team gained its popularity lately as Rs 1 crore was bagged by the Mylab  from the fund set up by the team. Mylab is the first Indian firm to get permission to make and sell ..

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GoI extends Foreign Trade Policy

Published: April 1, 2020

On April 1, 2020, the Government of India notified that the export schemes such as Export Promotion Capital Goods and Duty-Free Import authorization are to be extended by one year. Also, GoI has planned to extend Foreign Trade Policy 2015-20 by another one year till 2021. Objective of the policy The policy aims at making ..

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First “Made in India” COVID-19 Test Kit gets commercial approval from CDSCO

Published: March 25, 2020

A Pune based testing services MyLab has become the first Indian company to get an commercial approval from CDSCO for the sales of COVID-19 testing kits sale. About the Kit The kit was developed by MyLab testing services. The testing time of COVID-19 in current lab testing services is 4 hours. However, MyLAb’s testing time ..

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