Startups: Current Affairs, GK & News - 2020-2021

Defence Minister Raj Nath Singh approves new DRDO Procurement Manual 2020

Published: October 20, 2020

On October 20, 2020, the Defence Minister Rajnath Singh approved a new Defence Research Development Organization Procurement Manual, 2020. The main objective of release of the manual is to encourage MSME (Micro Small and Medium Enterprises) in Research and Development. Highlights The manual will simplify processes of procurement and will therefore, facilitate indigenous defence industry. ..

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PARAM Sidhi-AI: India’s fastest AI Super Computer

Published: October 6, 2020

On October 5, 2020, the Centre for Development of Advanced Computing (C-DAC) commissioned the largest HPC-AI supercomputer. HPC-AI is High Performance Computing and Artificial Intelligence. Highlights PARAM-Sidhi has put India among top countries in global AI supercomputing research and innovation. The supercomputer will accelerate cyber security, education, health care, education, space, agriculture and automotive. It ..

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Start-ups come under Priority sector as per new lending norms

Published: August 8, 2020

The Reserve Bank of India has brought the startups in the country under the purview of priority sector guidelines (PSL), a move that will make it easier for startups to raise funding from the banking sector. As of now, the sectors are that are under PSL are agriculture, MSMEs, Education, Housing, Social Infrastructure among others. ..

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BSE and IIT Alumni sign pact: To encourage startups listing

Published: July 13, 2020

On July 13, 2020, the Bombay Stock Exchange (BSE) and IIT Alumni Council signed a pact to encourage listing of startups. The pact will help to develop high investor depth platform for startup companies. The platform is to be developed using Artificial Intelligence and other technologies. Highlights The newly formed pact will provide end-to-end ecosystem ..

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Union Cabinet approved Agricultural Infrastructure Fund of Rs 1 lakh crores

Published: July 8, 2020

On July 8, 2020, the union cabinet chaired by PM Modi approved a new Central Sector Scheme-Agricultural Infrastructure Fund of Rs 1 lakh crore. Highlights The scheme is to provide long tern and medium term debt financing facility to invest in viable agricultural projects. It will support community farming, post-harvest management infrastructure. The allocated fund ..

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