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Daily Current Affairs Answer & Explanation : 29 September 2020
The PM SVANidhi scheme was launched by the Ministry of Housing and Urban Affairs.
It aims to provide affordable working capital loans to street vendors to resume their livelihoods that have been affected due to the coronavirus lockdown.
The 15th Finance Commission has recently constituted a High Level Expert Group on Agriculture Exports.
The expert group will be chaired by Sanjiv Puri, Chairman and Managing Director, ITC.
It is mandated to recommend measurable performance incentives for States to encourage agriculture exports as well as to promote crops to enable high import substitution.
The government has unveiled a programme to research on ‘indigenous’ cows. To be funded by multiple scientific ministries, the initiative, SUTRA PIC, is led by the Department of Science and Technology (DST).
The IIP is an index used to track the performance of the industrial sector in the Indian economy.
It does this by mapping the volume of production. But since it is an “index”, it targets a basket of industrial products — ranging from the manufacturing sector to mining to energy — and allocates different weights to them. Then, depending on the production of this basket, it throws up an index
Pakistan has test-launched the new Ra’ad II Nuclear-capable, Air-Launched Cruise Missile (ALCM) variant.
Ra’ad II missile, which is an enhanced version of Ra’ad I missile, was unveiled in 2017.
The weapon system is equipped with state of the art guidance and navigation systems ensuring the engagement of targets with high precision.
The Ra’ad-II weapon system comprises of world-class navigation systems for better precision.
Indian experts believe that Ra’ad II is Pakistan’s answer to Nirbhay cruise missile.