Manufacturing Current Affairs - 2020

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International Conference on Nano-Science and Nano Technology held in Kolkata

On March 5, 2020, the Department of Science of Technology operating under Ministry of Science and Technology organized an International Conference on Nano-Science and Nano Technology (ICONSAT) at Kolkata. The Conference is to be held between March 5, 2020 and March 7, 2020.

Highlights

The Conference highlighted the current need of India in the field of Nano-Science. It includes 5Ms namely Material, Mechanical, Manufacturing, Manpower and Machines. The Conference was attended by more than 450 scientists from all over the world.

Current Scenario

India started its journey of nanotechnology with the launch of “Nano Science and Technology Initiative” (NSTI) in 2001 for a span of 5 years. In 2007, it was renamed as “Nano Mission”. Nano Mission had wider objectives and larger funding of 250 million USD. This effort paid off well with Indian researchers publishing more than 23,000 papers in the field in next 5 years. In 2013, India ranked third in research paper publication in the field after China and USA.

Also, the contribution of private firms on Nano Technology has also been minimal. India currently works towards producing 10,000 researchers in the field in the next 10 years as of 2017.

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Corona Virus: World Bank announces 12 billion USD aid

On March 3, 2020, the World Bank announced 12 billion USD to assist countries that are grappling with economic impacts of corona virus. The virus has reached 60 countries so far.

Highlights

The World bank is to provide the financial aid for the countries to act upon the needs and develop a fast response towards the spread of the virus. The financing is only to member countries whose economy is at stake due to the virus. Also, priority is to be given to those countries that are the poorest and are at highest risks.

Current Global Risk

The World Health organization in its recent report of Corona Virus Disease situation report says that so far the virus has killed 37 people outside China. Overall, 166 have died so far all over the world. Today, the number of COVID-19 cases is 10,566.

Scenario in India

India has so far relatively stayed safe in spite of China being a neighbor. So far 5 cases have been reported in India. The virus had badly affected the manufacturing sector of the country namely electronics, medicines, chemicals and textiles.

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