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Daily PIB 21st November

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    Daily PIB 21st November

    • Technology Development Board: It is a statutory body constituted under the Technology Development Board Act, 1995. It aims to promote the development and commercialization of indigenous technology and the adaptation of imported technology for wider application. The board consists of 11 Board members. It provides equity capital or loans to industrial concerns and financial assistance to research and development institutions.  The Fund has been receiving grants from the Government of India out of the cess collections from the industrial concerns under the provisions of the Research and Development Cess Act, 1986, as amended in 1995.. 

     

    • Small Industries Development Bank of India (SIDBI): It was established under an Act of Parliament in 1990.It is the Principal Financial Institution engaged in the promotion, financing & development of the Micro, Small and Medium Enterprises (MSMEs) sector and the coordination of the functions of the various institutions engaged in similar activities.

    Objective: To offer loans (both direct and indirect) to MSMEs to help in addressing the development and financial gaps in the ecosystem of MSMEs. It helps MSMEs in acquiring the funds they require to grow the market, develop and commercialize their technologies and innovative products.  It was made responsible for administering the Small Industries Development Fund and National Equity Fund. 

     

    • Project Collaboration Agreement: It aims to bridge Traditional and Complementary Medical Systems with the mainstream of the National Health System, a key initiative outlined in the Traditional Medicine Global Strategy 2025-34 to be prepared by the WHO with the support of the Ministry of Ayush. The objective is to standardize Traditional and Complementary Medical Systems, incorporating their quality and safety aspects into the National Health System, and disseminating these practices on an international scale. This strategy will play a crucial role in achieving the objective of elevating Traditional and Complementary Medical Systems within the national health framework. The major goal of this agreement is the strengthening of training and practice in the field of the Complementary Medicine System, specifically ‘Siddha.’ Additionally, the formulation of guidelines for the listing of Traditional and Complementary Medicines, safety protocols, and related efforts are outlined. The Ministry, in collaboration with the WHO, will also develop an International Herbal Pharmacopoeia focusing on herbs found in South-East Asia. This marks the third collaboration between the Ministry of Ayush and the WHO, with previous agreements signed in 2016 and 2017 focusing on taking Traditional Medical systems like Yoga, Ayurveda, Unani, and Panchakarma to the global level and strengthening the Ayurveda, Unani, and Siddha medical systems. 

     

     

    • International Film Festival of India (IFFI): It was founded in 1952 under the patronage of the first Indian Prime Minister, Jawaharlal Nehru, and was organized by the Films Division, Government of India. The first edition of the event was held in Mumbai, which in the subsequent years moved to Calcutta, Delhi, Madras, and Trivandrum. Since its third edition, the event has become competitive. IFFI was moved to Goa permanently in 2004,and since then it has become a competitive and annual event. Since then, the Government of Goa and the Ministry of Information and Broadcasting jointly conduct this festival. It is the only film festival in South Asia that is accredited by the International Federation of Film Producers and Associations (FIAPF).The IFFI aims to provide a common platform for the cinemas of the world to project the excellence of film art, contributing to the understanding and appreciation of the film cultures of different nations in the context of their social and cultural ethos, and promoting friendship and cooperation among people around the world. It also inspires and encourages Indian cinema to stand on par with international ones and showcase its potential. 

     

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