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Daily Current Affairs PDF

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AFFAIRSCLOUD TODAY
Current Affairs 26 March 2022 : Headlines
1. IGSTC signs MoU with Tata Steel & LoI with BASF for Scientific Cooperation &
Partnerships
2. Dr. Jitendra Singh Launches Data-Driven Research to Eradicate TB- “Dare2eraD
TB”
3. Central Govt extends Timeline for Converting Debt into Equity Shares for Startups
to 10 years
4. Tripartite Agreement Signed between ICIMOD, NDPL & SDCL to Promote Yak Dairy
Enterprise in Nepal
5. India’s first-ever SAI NCOE for MTB and BMX to be set up in Shimla, HP
6. Central Govt sets Rs 1-trillion Infrastructure Lending Target for NaBFID
7. RBIH launched in Bengaluru, Karnataka; Kris Gopalakrishnan is 1st Chairman of
RBIH
8. SBI Signs Co-Lending Pact with 5 HFCs for Affordable Housing
9. Federal Bank, Bank of Baroda & Axis Bank partnered with RBIH to Advance Digital
Financial Inclusion for Women
10. American Mathematician Dennis P. Sullivan got the Abel Prize for 2022
11. Pralay Mondal Appointed as Interim MD and CEO of CSB Bank
12. NASA’s Jet Propulsion Laboratory confirms 5,000 exoplanets beyond our solar
system
13. North Korea confirms test-firing of biggest ICBM :Hwasong-17: North Korea’s
‘monster missile’.
14. GIF Inventor Steve Wilhite Passed Away due to Covid-19
15. IMD Launches Climate Hazards E-book & Vulnerability E-atlas on World
Meteorological Day
16. International Day of Remembrance of the Victims of Slavery and the Transatlantic
Slave Trade 2022 – March 25
17. International Day for Achievers 2022 – March 24
18. HP Government signs MoU with NIPER as Knowledge Partner for Medical Devices
Park

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NATIONAL AFFAIRS
IGSTC signs MoU with Tata Steel & LoI with BASF for Scientific Cooperation & Partnerships
On March 21, 2022, Indo-German Science and Technology Centre (IGSTC) signed a Memorandum of
Understanding (MoU), and Letter of Intent (LoI) with Tata Steel Ltd and Mumbai (Maharashtra)-
based BASF Chemicals India Pvt Ltd (BASF), respectively.

• IGSTC has been established by the Department of Science and Technology (DST), Govt of India,
and the German Federal Ministry of Education and Research (BMBF).
IGSTC’s MoU with Tata Steel Ltd:
Under this MoU, there will be a joint collaborative Research & Innovation (R&I) framework to facilitate
new technologies development, conduct thought leadership workshops, and support human capital
development. Their collaboration will also focus on innovation in the areas of Climate change, Greening of
the Industrial sector, Emerging technologies in new materials.
IGSTC’s LoI with BASF:
This partnership will foster Science and Technology led innovations through Indo-German R&D
networking, and research in PPP (Public Private Partnership) mode.
• BASF will jointly support the IGSTC’s Industrial Fellowships under the categories of Ph.D.
Industrial Fellowships and Post-Doctoral Fellowships by providing exposure to young Indian
researchers at BASF facilities in Germany.

Dr. Jitendra Singh Launches Data-Driven Research to Eradicate TB- “Dare2eraD TB”
On the occasion of World Tuberculosis(TB) Day(24th March 2022), Dr Jitendra Singh, Union Minister of
State (Independent Charge) Science & Technology, launched the Data-Driven Research to Eradicate TB-
“Dare2eraD TB” by the Department of Biotechnology(DBT), Ministry of Science & Technology(MoS&T)

• The program was launched during the “STEP Up to End TB 2022” Summit organised on the
occasion of World TB Day 2022.

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Note: India aims to reach the goal of a TB Mukt Bharat (TB-free India) by 2025, 5 years ahead of the target
for TB set by Sustainable Development Goals 2030.
About Dare2eraD TB:
i.The Dare2eraD TB programme will be based on Indian data, and the formation of a Genome Sequencing
Consortium for Whole-Genome Sequencing (WGS) TB surveillance.
ii.Dare2eraD TB will be the umbrella TB program of DBT comprising the key initiatives like,
• InTGS – Indian Tuberculosis Genomic Surveillance Consortium;
• InTBK Hub- Indian TB Knowledge Hub- Webinar Series;
• Host Directed therapies against TB and developing an evidence-based regimen for treating extra-
pulmonary Tuberculosis.
STEP Up to End TB 2022 Summit:
On the occasion of World TB Day 2022, Anandiben Patel, Governor of Uttar Pradesh(UP), virtually
inaugurated the “Step Up to End TB- World TB Day Summit” at Vigyan Bhawan, New Delhi, Delhi.
Other highlights of the summit:
i.Several reports and new interventions were released during the summit which includes,
India TB report 2022 and National TB Prevalence Survey Report showed the TB status in India.
ii.Report on C-TB (new skin test for TB infection diagnosis), Standard Treatment Workflows for
Management for Extra-pulmonary TB & Paediatric TB (book & Mobile Application) were also released.
iii.Indian TB Genomic Surveillance Consortium (InTGS) was announced during the summit.
iv.The 21-day campaign through Ayushman Bharat- Health & Wellness Centres to kindle a Jan Andolan,
and culminating on 14th April 2022 was also launched.

Central Govt extends Timeline for Converting Debt into Equity Shares for Startups to 10
years
The Central Government has extended the timeline for startups to 10 years from 5 years to convert debt
investment in a company into equity shares, from the day when initial convertible note was issued.

• This amendment was made during the review of the extent of FDI policy in India by the
Department for Promotion of Industry and Internal Trade (DPIIT) where the entity announced
various amendments.
• DPIIT works under the aegis of the Ministry of Commerce and Industry.
What conversion of debt investment into equity shares in startups?
An investor can invest in a startup using convertible notes viz. debt or loan instruments. These are
repayable by the startup at the option of the investor or can be converted into equity shares after the
company has achieved some milestone. Now, the period for this conversion is set for 10 years.
• This extension will secure the startups till further fundings, and from the impact of COVID-19 and
liquidity issues.

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Tripartite Agreement Signed between ICIMOD, NDPL & SDCL to Promote Yak Dairy
Enterprise in Nepal
On March 23, 2022, a tripartite agreement was signed between the International Centre for Integrated
Mountain Development (ICIMOD), Surketham Dairy Cooperative Limited (SDCL), and Nepal Dairy
Pvt. Ltd (NDPL). It will promote yak dairy enterprise to sustain the age-old yak herding culture in the
highlands of Eastern Nepal.

• They will collaborate in processing, product diversification, and market linkages for yak products.
Signatories:
i.Pema Gyamtsho, Director General, ICIMOD,
ii.Heramba B. Rajbhandary, Executive Chairman, NDPL,
iii.Maita Bahadur Libang, Chairperson, SDCL
Aim:
To develop a viable yak-based business model to generate employment opportunities for rural youth in the
Kangchenjunga Landscape of Nepal.
Reason behind this partnership:
Due to climate change and socioeconomic issues the interest in yak herding is reduced. In 2009, SDCL, an
institution formed by the yak and cattle farmers in Panchthar district, Nepal, ventured into yak dairy
processing. However, it has not been able to succeed. Now, to save yaks and yak farming culture from
extinction, the Kangchenjunga Landscape Conservation and Development Initiative (KLCDI) under ICIMOD
approached NDPL for this partnership.

India’s first-ever SAI NCOE for MTB and BMX to be set up in Shimla, HP
The Ministry of Youth Affairs and Sports in collaboration with Department of Youth Services and Sports of
Government of Himachal Pradesh, sets up India’s first-ever Sports Authority of India (SAI) National
Centre of Excellence (NCOE) to train athletes in Mountain Terrain Biking (MTB) and Bicycle Motocross
(BMX) in Shimla, Himachal Pradesh.
i.The National Centre of Excellence (NCOE) is set up with an aim to provide world-class training facilities to
Indian cyclists to compete for the 18 Olympic medals in the disciplines of MTB and BMX.
ii.The SAI-NCOE is a high altitude (2000 feet above sea level) world-class infrastructure to train 200
cyclists with a state-of-art sports science high performance centre, 1 Cross-country Olympics (XCO)-level
track, 1 BMX track, 1 state-of-the-art indoor gymnasium, an indoor setup with virtual trainers and coaches
of international repute.
About Sports Authority of India
SAI is an autonomous body under the Ministry of Youth Affairs and Sports
Headquarters – New Delhi, Delhi
Director General- Sandip Pradhan, Indian Revenue Service (IRS).

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About Himachal Pradesh

Governor – Rajendra Vishwanath Arlekar.
Chief minister – Jai Ram Thakur.

BANKING & FINANCE

Central Govt sets Rs 1-trillion Infrastructure Lending Target for NaBFID
The Central Government has set a target of Rs 1-trillion for the new Development Finance Institution (DFI)
namely ‘National Bank for Financial Infrastructure and Development (NaBFID)’ for sanctioning loans
to the infrastructure sector in FY23. It will start its operations in Q1FY23.
• The information for the same was provided by the officials from Department of Financial Services
(DFS), Ministry of Finance to the Parliamentary Standing Committee on Finance.
Key Points:
i.NaBFID will get a 10-year tax concession so that it can provide long-term funds at an affordable cost to
the infrastructure sector.
ii.It will also get government guarantees at a concessional rate of up to 0.1% for borrowing from
multilateral institutions, sovereign wealth funds, and other such foreign institutions.
About NaBFID:
The setting up of NaBFID was announced in the FY22 Union Budget and it came into force on April 19,
2021. The Central government has infused Rs 20,000 crore in NaBFID, and an additional Rs 5,000
crore has been given as grants. Government had sought an additional outgo of Rs 13,050 crore for
transferring Rs 20,000 crore in the supplementary demand for grants.
• In October 2021, the government had appointed Kundapur Vaman Kamath as the chairman of
NaBFID.
• Along with investing in infrastructure projects, it will issue debt securities and
promote securitization of loan portfolios of companies engaged in development and financing of
infrastructure.
• Click Here to Read More about NaBFID
About Ministry of Finance:
Union Minister– Nirmala Sitharaman (Constituency – RajyaSabha, Karnataka)
Ministers of State– Pankaj Chaudhary (Constituency – Maharajganj, Uttar Pradesh); Dr. Bhagwat
Kishanrao Karad (Constituency – Rajya sabha Maharashtra)

RBIH launched in Bengaluru, Karnataka; Kris Gopalakrishnan is 1st Chairman of RBIH

On March 24, 2022, the Governor of Reserve Bank of India (RBI), Shaktikanta Das, inaugurated the Reserve
Bank Innovation Hub (RBIH) in Bengaluru, Karnataka. It has been set up as a Section 8 company under
Companies Act, 2013, with an initial capital contribution of Rs 100 crore; and wholly owned subsidiary of
the RBI.
• Senapathy (Kris) Gopalakrishnan, co-founder and former co-Chairman, Infosys, was earlier
appointed as RBIH 1st Chairman.
• It will encourage financial innovation through an institutional set-up.The hub aims to promote
innovation across the financial sector by leveraging technology
Key Points:
i.The RBIH will be guided and managed by a Governing Council (GC) led by a Chairman. There will be 9
other eminent persons from industry and academia as its members. Click Here to Read
ii.It promotes access to financial services and products for the low-income population in the country.

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About Reserve Bank of India (RBI):

Establishment– April 1, 1935
Headquarters– Mumbai, Maharashtra
Deputy Governors– Mahesh Kumar Jain, Michael Debabrata Patra, M. Rajeshwar Rao, T. Rabi Sankar

SBI Signs Co-Lending Pact with 5 HFCs for Affordable Housing

State Bank of India (SBI), India’s largest lender, has entered into a co-lending partnership
with five Housing Finance Companies (HFCs) to provide affordable housing loans to the underserved and
unserved sections of society as per Reserve Bank of India (RBI) guidelines.
• The five HFCs are: PNB Housing Finance, IIFL Home Finance, Shriram Housing Finance, Edelweiss
Housing Finance, and Capri Global Housing Finance.
This tie-up will help to accelerate effective and affordable credit to economically weaker
sections (EWS) and the informal sector & contribute to the Government of India’s vision of ‘Housing for
All by 2024’.
Key Points:
i.This partnership will assist SBI in expanding its distribution network in order to reach more working-
class, unserved, and underserved consumers for house loans and make funds available to borrowers at an
affordable cost.
ii.The bank’s overall home loan portfolio is estimated to be around Rs. 5.5 trillion, with a goal of reaching
Rs. 7 trillion by 2024.
iii. Shriram Housing Finance and SBI will jointly service housing loan customers as per the 20:80 co-
lending model (CLM) of the RBI.
Co-Lending Model (CLM)
CLM is built on mutual understanding between banks and NBFCs. It is expected to benefit borrowers by
utilizing the reduced funding costs of banks and the wider reach of the NBFCs. It also lowers the cost of
financing for last-mile borrowers and is the future of priority sector lending (PSL).
• CLM requires HFCs and Non-Banking Financial Companies (NBFCs) to keep a minimum of 20% of
individual loans on their books, with the remainder held by banks.
• PSL accounts for around 40% of the loan portfolio.
About State Bank of India (SBI):
It is an Indian Multinational, Public Sector Banking and Financial services statutory body.
Chairman – Dinesh Kumar Khara
Establishment – 1955
Headquarters – Mumbai, Maharashtra.

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Federal Bank, Bank of Baroda, Avanti Finance & Axis Bank partnered with RBIH to Advance
Digital Financial Inclusion for Women
The Federal Bank, Bank of Baroda & Axis Bank, Avanti Finance teamed up with Reserve Bank
Innovation Hub (RBIH), a subsidiary of the Reserve Bank of India (RBI) to promote financial inclusion of
women through technology. They will work as scale up partners for the 2nd phase of Swanari TechSprint
programme.
• Swanari is ‘Swanirbhar Nari’ meaning ‘Self Reliant Lady’.
Objective:
The programme aimed at advancing digital financial inclusion for women and to create digital solutions for
bridging the gender gap in India.
About Swanari TechSprint programme:
i.RBIH will host the ‘Swanari TechSprint’ programme for women.
from 18 -22 April 2022 along with core program partners AIR – the Alliance for Innovative Regulation,
CIIE.CO, and MSC (MicroSave Consulting) .
ii.It will provide smart, creative, and sustainable solutions supporting women’s advancement in financial
growth and independence for women-owned enterprises.
iii.The programme will specifically connect fintechs, financial service providers, innovators, and subject
matter experts to collaborate at one place.
• The programme will impact the lives of more than 331 million adult women, including 13 million
women-led enterprises and 7.45 million self-help groups (SFGs) in India.

AWARDS & RECOGNITIONS

American Mathematician Dennis P. Sullivan got the Abel Prize for 2022
The Norwegian Academy of Science and Letters awarded the Abel prize for 2022 to American
Mathematician Dennis Parnell Sullivan. The award was given “For his groundbreaking contributions to
topology in its broadest sense, and in particular its algebraic, geometric and dynamical aspects.”
Note-
i.The Abel Prize is also known as the International Prize of Mathematics.
ii.In 2007, Indian American Srinivasa S. R. Varadhan was awarded with the Abel Prize.
• He was awarded for this contribution in probability theory and in particular for creating a unified
theory of large deviations.
What is Topology?
Topology is a field of mathematics, which was born in the nineteenth century and it deals with properties
of surfaces that do not change when they are deformed.
About Abel Prize:
i.The prize is named after Norway’s greatest mathematician, Niels Henrik Abel.
• It is the highest honor given in the field of Mathematics. Abel Prize is a top honour in
mathematics, being similar to the Nobel prize for the sciences in being awarded for major
contribution to a field of math.
ii.It was established by the Norwegian Parliament in 2002, on the occasion of the 200th anniversary of
Niels Henrik Abel birth.
iii.The Prize is awarded by The Norwegian Academy of Science and Letters, on behalf of the Ministry of
Education.
iv.The award prize money was increased from 6 million NOK (Norwegian Kroner) to 7.5 million NOK in
2019.

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About Dennis Parnell Sullivan:

i.Dennis P. Sullivan is an American mathematician and famous for his work in algebraic topology,
geometric topology, and dynamical systems.
ii.He holds the Albert Einstein Chair at the City University of New York Graduate Center and is a
distinguished professor at Stony Brook University, US (United States).
iii.Books: Geometric Topology: Localization, Periodicity and Galois Symmetry: The 1970 MIT Notes,
Shaping Tomorrow’s Church: Guidelines for Parish Growth
iv.Awards: Sullivan’s notable awards include the Institut de France’s inaugural Élie Cartan Prize in 1981,
the 1993 King Faisal International Prize in Science, the USA’s National Medal of Science in 2005, the 2006
Steele Prize for Lifetime Achievement from the American Mathematical Society (AMS), the 2014 Balzan
Prize for Mathematics and the 2010 Wolf Prize.

APPOINTMENTS & RESIGNATIONS

Pralay Mondal Appointed as Interim MD and CEO of CSB Bank
The Reserve Bank of India (RBI) has approved the appointment of Pralay Mondal as interim Managing
Director (MD) and CEO of CSB Bank Limited for a period of 3 months.

• The appointment is for three month period which effective from April 1, 2022 or till the
appointment of a regular MD & CEO is made.
• He is currently serving as the Deputy Managing Director of CSB Bank since his appointment in
June 2021.
This action is in response to Rajendran Chinna Veerappan, the bank’s current MD and CEO, announcing his
decision to retire early due to health concerns. He will be holding the office till the close of office hours on
March 31, 2022.
About Pralay Mondal:
He is an expert banker with 30 years of experience with Axis Bank, HDFC Bank and Yes Bank.
i.Mondal had been with CSB since September 23, 2020 as President (Retail, Small and Medium Enterprise
(SME), Operations, and IT).
ii.Prior to joining CSB Bank, he worked for Axis Bank, where he held the posts of Executive Director and
Head of Retail Banking between 2019 and 2020.
iii.Prior to it, he served as the CEO of HDFC Bank for 12 years.
About CSB Bank Limited:
It was formerly known as The Catholic Syrian Bank and is one of the oldest private sector banks in India.
MD & CEO – Rajendran Chinna Veerappan
Establishment – 1920 (celebrated its centenary year in 2020)
Headquarters – Thrissur, Kerala

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SCIENCE & TECHNOLOGY

NASA’s Jet Propulsion Laboratory confirms 5,000 exoplanets beyond our solar system
The National Aeronautics and Space Administration’s (NASA) Jet Propulsion Laboratory (JPL) on March 21,
2022 have confirmed the existence of 5,000 plus exoplanets beyond our solar system.

i.The 5,000-plus exoplanets found includes 30% Gas giant (many times larger than Jupiter or Saturn, and
even hotter than some stars), 31% Super earth (Large rocky sized earth), 35% Neptune like (similar in size
of Neptune or Uranus), 4% terrestrial (small rocky planet similar to earth).
ii.The NASA exoplanet archive has begun to count the exoplanets that are immediate to our solar family, as
of 21 March, 65 exoplanets were added.
About Jet Propulsion Laboratory (JPL):
i.Jet Propulsion Laboratory is a federally-funded Research and Development (R&D) centre managed by
California Institute of Technology for National Aeronautics and Space Administration (NASA).
Interim Director and Chief Operating officer – Larry D. James.
About National Aeronautics and Space Administration (NASA):
NASA Administrator – Sen. Bill Nelson.
Deputy Administrator – Pam Melroy

North Korea confirms test-firing of biggest ICBM :Hwasong-17: North Korea’s ‘monster
missile’.
Hwasong-17: Intercontinental ballistic missile was test fired by North Korea has test fired its biggest-
yet Intercontinental Ballistic Missile (ICBM), Hwasong- 17 as per the orders of their Supreme leader Kim
Jong Un.

i.The Hwasong-17 was launched directly from a Transporter Erector Launcher (TEL) vehicle, with 11
axles.
ii.The missile flew 1,090 km (681 miles) at a maximum altitude of 6,248.5 km (3,905 miles) and hit a target
in the Sea of Japan after travelling 67.5 minutes in air.

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iii.Its predecessor, the Hwasong-15, which was tested in November 2017 reached an altitude of about
4,475 km and covered 950 km over 53 minutes.
About Hwasong-17:
Diameter – 2.5 metres.
Mass – when fully fuelled, is between 80,000 to 110,000 kg.
Fuel type – Two-stage, liquid fuelled.
About North Korea:
Capital: Pyongyang
Supreme leader: Kim Jong-un
Currency: North Korean won

OBITUARY
GIF Inventor Steve Wilhite Passed Away due to Covid-19
American computer scientist Steve Wilhite, who invented the Graphics Interchange Format (GIF) in 1987
has passed away due to COVID-19 complications in Milford, Ohio, United States of America(USA). He was
born on 3rd March 1948 in Milford, Ohio, USA.
About Steve Wilhite:
i.Steve Wilhite was the Engineering Lead of the team at CompuServe, an American online service provider,
which developed GIF.
ii.He was one of the chief architects of AOL, formerly called America Online, one of the largest Internet-
access.
iii.He was awarded a Lifetime Achievement award at The Webby Awards in 2013.
Note: The Oxford American Dictionary named GIF as the word of the year in 2012.

BOOKS & AUTHORS

IMD Launches Climate Hazards E-book & Vulnerability E-atlas on World Meteorological
Day
On 23 March 2022, An e-book titled “Climate Hazards and Vulnerability Atlas of India- State: Tamil
Nadu” launched by India Meteorological Department (IMD) as part of the World Meteorological
Day celebrations.
• The readers can access the book from the website of mausam.imd.gov.in
About the book:
i.The vulnerability e-atlas is provided on the official website of IMD. The e-atlas would help disaster
management agencies take preventive steps
ii.The ebook highlights the challenges faced in the hydrological modeling in urbanized river basins for the
forecasting of floods.
About India Meteorological Department (IMD):
It works under the Ministry of Earth Sciences (MoES). It is the principal agency responsible for
meteorological observations, weather forecasting and seismology.
Headquarters-New Delhi, Delhi
Founded- 1875
Director General of Meteorology (DGM)-Dr. Mrutyunjay Mohapatra
Points to remember-
• World Meteorological Day is celebrated on 23rd March every year.

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IMPORTANT DAYS
International Day of Remembrance of the Victims of Slavery and the Transatlantic Slave
Trade 2022 – March 25
The United Nations(UN)’s International Day of Remembrance of the Victims of Slavery and the
Transatlantic Slave Trade is annually observed across the globe on 25th March to commemorate the
memory of the victims of Transatlantic Slave Trade.

The day also offers the opportunity to honour and remember the people who have suffered and died
because of the slavery system.
The theme of 2022 International Day of Remembrance of the Victims of Slavery and the Transatlantic
Slave Trade is “Stories of Courage: Resistance to Slavery and Unity against Racism”.
Background:
i.The United Nations General Assembly(UNGA) adopted the resolution 62/122 on
17th December 2007 and declared 25th March of every year as International Day of Remembrance of the
Victims of Slavery and the Transatlantic Slave Trade.
ii.The first-ever International Day of Remembrance of the Victims of Slavery and the Transatlantic Slave
Trade was observed on 25th March 2008.
• The resolution also called for the establishment of an outreach programme to mobilize
educational institutions, civil society and other organizations to inculcate in future generations
the “causes, consequences and lessons of the transatlantic slave trade, and to communicate the
dangers of racism and prejudice”.
Outreach Programme on the Transatlantic Slave Trade and Slavery:
The Outreach Programme on the Transatlantic Slave Trade and Slavery was established in 2006 with the
adoption of UNGA resolution 61/19 on 28th November 2006.
Transatlantic Slave Trade:
The Atlantic slave trade, transatlantic slave trade, or Euro-American slave trade involved the
transportation by slave traders of various enslaved African people, mainly to the Americas.
Events:
Rhythms of Resistance:
Along with UNESCO and UNFPA – United Nations Population Fund, The Department of Global
Communications, which manages the UN Outreach Programme on the Transatlantic Slave Trade and
Slavery organised an online cultural event “Rhythms of Resistance,”, highlight the history of the
transatlantic slave trade and the ongoing legacy of racism.
Exhibit on Racism:
i.An exhibit entitled “Us and Them: From Prejudice to Racism” is on display in the Visitors Lobby at UN
Headquarters from 16 February until 5 April 2022.

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The exhibit is organized in partnership with the United Nations Educational, Scientific and Cultural
Organization (UNESCO) and the Musée de l’Homme in Paris, France.
ii.The exhibit examines the science behind “race”; how racism flourished during the transatlantic slave
trade; and how slavery’s legacy of racism can be fought at multiple levels.
Ark of Return – the permanent Memorial:
The UN has unveiled the Ark of Return – a permanent memorial to honour victims of slavery in New York
on March 25, 2015. It was designed by Haitian-American architect Rodney Leon.

International Day for Achievers 2022 – March 24

International Day for Achievers is annually observed across the globe on 24th March to celebrate
achievers and their strong sense of purpose and confidence. The day also supports making great efforts to
become an achiever.
• The day acknowledges the efforts and contribution of the genius minds who thought out of the
box and did great work for the development of society.
• The day is observed by celebrating past achievements and encouraging others to set goals that
they want to achieve along with a timeline.

STATE NEWS
HP Government signs MoU with NIPER as Knowledge Partner for Medical Devices Park in
Nalagarh, Solan
Government of Himachal Pradesh (HP) signed a Memorandum of Understanding (MoU) with National
Institute of Pharmaceutical Education and Research (NIPER), Mohali, Punjab as Knowledge Partner for
upcoming Medical Devices Park, Nalagarh in Solan, HP.
• The approval for MoU was given by the Board of Members from the Department of
Pharmaceuticals (DoP) under the Ministry of Chemicals and Fertilizers.
Signatories:
The MoU was signed between Rakesh Kumar Prajapati, Director Industries cum Managing Director,
HPSIDC, on behalf of the HP Government and Professor Dulal Panda, Director of NIPER, Mohali.
Key points:
i.Himachal Pradesh State Industrial Development Corporation Limited (HPSIDC) is the State Implementing
Agency for conception, development and execution of Medical Devices Park.
ii.A Centre for Excellence (CoE) in the Medical Devices Park will be set up by NIPER Mohali, which will
provide Industry-Academia linkage.
iii.Funding- The HP State Planning Department sanctioned Rs. 74.95 crore to the HPSIDC for development
of the Medical Park.
• The Department of Pharmaceuticals (DoP) will also provide the first installment worth Rs. 30
crore of grant-in aid in the coming days.
iv.An Investment Outreach Program will be organized with investors across India and countries such as
Israel, Japan, South Korea, Taiwan and Germany to facilitate cutting-edge technology in the Medical
Devices sector.
About Himachal Pradesh:
Chief Minister-Jai Ram Thakur
Wildlife Sanctuary -Kibber Wildlife Sanctuary, Lipa Asrang Wildlife Sanctuary
Festivals – Manali Winter Carnival, Lohri – Makar Sankranti, Halda

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**************

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