Which day in India has been declared 'National Start-up Day' by Prime Minister Narendra Modi?

Daily Current Affairs

January 16th

January 15th

January 14th

January 13th

Correct Answer : January 16th

The country will celebrate January 16th as National Startup Day, Prime Minister Narendra Modi told a virtual gathering of over 150 entrepreneurs on Saturday(15th Jan 2022) as he termed startups as the "backbone" of new India and the engine that will power the nation’s economic growth in the run up to the 100 th year of Independence.

The current decade, Modi said, is being referred to as the “techade” of India and his government will usher in massive changes to strengthen innovation,entrepreneurship and the startup ecosystem.

“The first is to liberate entrepreneurship and innovation from the web of government processes, bureaucratic silos. Second, is creating an institutional mechanism to promote innovation. And third, is handholding young innovators and young enterprises,” the Prime Minister said at the event, a part of the Azadi ka Amrit Mahotsav..

Source : The Economic Times

Published On : January 16, 2022

Understanding the Phenomenon “Midnight Sun”

The midnight sun, a phenomenon where the sun remains visible even at midnight, is a rare spectacle witnessed in select regions near the Arctic Circle. During specific periods of the year, these locales experience daylight stretching into the late hours of the night, creating a surreal landscape bathed in perpetual sunlight. Among these regions, one country stands out as the quintessential embodiment of this phenomenon.

Which Country is Known as “Land of Midnight Sun”?

Nestled amidst the rugged landscapes and pristine fjords of Scandinavia, Norway emerges as the quintessential “Land of Midnight Sun.” Situated on the northernmost edge of Europe, a portion of Norway lies within the Arctic Circle, where the midnight sun graces the skies during the summer months. From late May to July, certain areas of Norway bask in the radiant glow of the sun, witnessing sunset and dawn merge seamlessly without a moment of darkness in between.

Published On : April 26, 2024

Q .

India's Pharmaceutical Exports Surge to ____ Billion in FY24

$18

$23

$28

$35

Correct Answer : Option (C) - $28

India’s pharmaceutical exports witnessed robust growth in the fiscal year 2023-24, reaching $28 billion, marking a 10% increase compared to the previous fiscal year. Despite a 3% dip in total exports, the pharmaceutical sector demonstrated resilience and significant expansion.

Key Highlights

March Performance : Pharmaceutical exports in March soared by 12.73% to USD 2.8 billion, indicating a strong upward trajectory in the sector’s performance.

Year-on-Year Growth : Year-on-year, India’s drugs and pharmaceuticals exports escalated by 9.67%, totaling USD 27.9 billion in 2023-24, showcasing steady progress.

Top Export Markets : The United States, the United Kingdom, the Netherlands, South Africa, and Brazil emerged as the top five export destinations. Notably, the US accounted for over 31% of India’s total pharmaceutical exports.

Expansion into New Geographies : India’s pharmaceutical exports penetrated new markets including Montenegro, South Sudan, Chad, Comoros, Brunei, Latvia, Ireland, Chad, Sweden, Haiti, and Ethiopia, underscoring the sector’s growing global footprint.

Future Projections : Experts predict that India’s pharmaceutical industry could surpass USD 130 billion by 2030, driven by expanding market opportunities and rising demand overseas, as compared to the over USD 50 billion valuation in 2022-23.

Industry Standing : India’s pharmaceutical industry ranks third globally by volume and 13th by value, boasting a portfolio of more than 60,000 generic drugs across 60 therapeutic categories.

Government Initiatives : To bolster domestic manufacturing, the government has introduced two production-linked incentive (PLI) schemes targeting key pharmaceutical ingredients and generic medicines, aiming to enhance self-reliance and competitiveness in the sector.

Published On : April 26, 2024

Q .

Which District of Uttar Pradesh is Known as 'Land of Tigers'?

Bahraich

Baghpat

Budaun

Hapur

Correct Answer : Option (B) - Baghpat

India, with its 28 states and 8 union territories, boasts diverse regions, each with its unique cultural and geographical characteristics. Among these, certain districts stand out for their distinctive identities, contributing to the country’s rich tapestry of diversity. One such district in India is Baghpat, known as the “Land of Tigers.” Let’s delve into the features and significance of this district, nestled in the heart of the nation.

Which District of Uttar Pradesh is known as “Land of Tigers”?

Baghpat district derives its nickname, the “Land of Tigers,” from its historical roots and geographical attributes. Formerly known as “Vyagprastha,” meaning the land of tigers, the district has a rich history dating back to ancient times. The name reflects the region’s once abundant tiger population, symbolizing its untamed wilderness and natural beauty.

Geographical Significance of Baghpat, the Land of Tigers :

Nestled along the banks of the Yamuna River, Baghpat district boasts picturesque landscapes and fertile plains. The district’s proximity to the river not only enriches its agricultural prowess but also adds to its scenic charm. The Yamuna River serves as a lifeline for the region, shaping its ecosystem and sustaining its agrarian economy.

Published On : April 26, 2024