Current Affairs – November, 2018

Latest Current Affairs November, 2018 with Current Affairs, news summary on current events of National and International importance of November, 2018 for Banking, SSC, CLAT, UPSC, State PCS, IBPS, Railways and other Competitive Examinations.

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Mission Raksha Gyan Shakti launched to boost IPR culture in indigenous defence industry

Union Defence Minister Nirmala Sitharaman launched ‘Mission Raksha Gyan Shakti’ in New Delhi to boost Intellectual Property Right (IPR) culture in indigenous defence industry.

Mission Raksha Gyan Shakti

It was instituted by Department of Defence Production as part of the ongoing initiatives to enhance self-reliance in defence. It aimed to provide a boost to IPR culture in indigenous defence industry. The main objective of this programme was to inculcate IP culture in Indian defence manufacturing ecosystem. Directorate General of Quality Assurance (DGQA) was entrusted with responsibility of coordinating and implementing the programme. During the event, salient inventions and innovations achieved by DRDO, Defence Public Sector Undertakings (DPSUs) and Ordnance Factories (OFs) that have resulted in successful filing of IPR applications were showcased.

Background

IPR has emerged as key ingredient of an ecosystem which stimulates innovation and ingenuity. India has always been knowledge hub since ancient times, but due to lack of awareness on modern legal framework for protection of IP rights, nation’s knowledge and creativity have often not been utilised to its full potential. Spreading awareness about IPR will help in promoting culture of innovation and creation of Intellectual Property. Defence Ministry has established IP Facilitation Cell in April 2018 to achieve ambitious targets of training 10,000 personnel of OFB and DPSUs on IPR and facilitate filing of at least 1,000 new IPR applications.

Month: Categories: India Current Affairs 2018

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Government launches Logo and Brochure of Logix India

Union Minister of Commerce & Industry and Civil Aviation Suresh Prabhu launched logo and brochure of Logix India 2019 in New Delhi. Logix India 2019 is scheduled to take place in New Delhi from 31stJanuary to 2nd February 2019. It is being organized by Federation of Indian Export Organisations (FIEO).

Logix India 2019

It aims to serve as major initiative to improve logistics cost effectiveness and operational efficiencies for India’s global trade. It will enable effective international trade logistics and help provide efficient and cost-effective flow of goods on which other commercial sectors depend

Over 20 countries are going to participate in this event. Through Logix India 2019, FIEO will also focus on investment opportunities in infrastructure development, technology integration, warehouse consolidation and IT enablement andskilling of manpower at the three-day meet.

Need for integrated Logistics sector development

The logistics cost in India is very high compared to developed countries. High cost reduces competitiveness of Indian goods both in domestic as well as export market. Logistics sector is expected to grow to US $360 billion by 2032 from current US $115 billion. Increasing globalization of Indian economy, along with renewed manufacturing vigour attributed to Make in India Campaign and growth of e-commerce business all forecast rapid growth in Indian logistics sector. India was ranked 44 in World Bank Logistics Performance Index 2018. As per Economic Survey 2017-18, India’s logistics industry which is worth around US $160 billion is likely to touch US $215 billion in the next two years. This sector provides employment to more than 22 million people and is expected to grow at rate of 10.5% over the next 5 years. Logistics is also backbone of India’s international trade and will help in diversification of not only India’s export basket but also of products and countries.

Month: Categories: India Current Affairs 2018

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