KARNATAKA

10 Engineering colleges to get World Bank funding

In a bid to improve the quality and equity of technical education offered in the state, Visvesvaraya Technological University (VTU) and nine private engineering institutions in the state have signed a Memorandum of Understanding (MoU) with the World Bank.

It is part of the third phase of Technical Education Quality Improvement Project (TEQIP- III), which provides a funding of Rs 7 crore and will be implemented till 2020 to enable select institutions to mentor others.

The scheme, which is being implemented in three different phases, is hosted by the Union Ministry of Human Resource Development with the assistance of the World Bank.

Each phase is implemented with duration of four years with the first introduced in 2010-11 with the funding shared by the Centre and State in an 80:20 ratio.

The second phase, at the same time, saw the Centre bearing 60% of the expenditure while the state and the management concerned for the private institutions shared the rest contributing 20% each.

According to an official from the National Project Implementation Unit, the third phase will be completed by March 20 and is fully integrated with the Twelfth Five-year Plan objectives for Technical Education as a key component for improving the quality of Engineering Education in existing institutions with a special consideration for Low Income States and Special Category States (SCS) and support to strengthen few affiliated technical universities to improve their policy, academic and management practices.

INTERNATIONAL

· European Union announced Euro 190,000 to flood hit Kerala

The European Unionannounced an offer of €190,000(Rs.1.53 crore) in aid funding to the Indian Red Cross Society (IRCS). It is to provide immediate relief to flood-affected people in Kerala. The announcement was made by the office of the grouping that comprised 28 European countries. The funding is part of the EU’s overall contribution to the Disaster Relief Emergency Fund (DREF) of the International Federation of Red Cross and Red Crescent Societies (IFRC).
It is said the aid will directly benefit 25,000 people from some of the worst hit areas of the state, adding a humanitarian expert from the European Civil Protection and Humanitarian Operations (ECHO) has also been deployed to assess the situation in the state. As outbreaks of vector-borne diseases such as dengue, chikungunya and malaria are common following the flood, disease prevention and hygiene promotion activities are also being conducted. The mosquito nets are being provided.

· European wind survey satellite Aeolus launched from French Guiana

This satellite will be put into orbit at an altitude of 320 kilometers (200 miles) above the Earth which will track global winds, allowing for improved weather forecasting.
Aeolus is equipped with a single instrument: a Doppler wind lidar — an advanced laser system designed to accurately measure global wind patterns from space.
Aeolus is the fifth of the ESA’s planned Earth Explorer missions.

NATIONAL

President inaugurates “International Buddhist Conclave 2018”

The President of India Shri Ram Nath Kovind inaugurated the “International Buddhist Conclave (IBC), 2018”.

The 4 days long Conclave has been organized by the Ministry of Tourism in collaboration with the State Governments of Maharashtra, Bihar and Uttar Pradesh from 23rd – 26th August, 2018 at New Delhi and Ajanta (Maharashtra), followed by site visits to Rajgir, Nalanda and Bodhgaya (Bihar) and Sarnath (Uttar Pradesh).

The Ministerial level delegation from Bangladesh, Indonesia, Myanmar and Sri Lanka are participating in the conclave.

NITI Aayog launches 5 Thematic Reports on Sustainable Development in Indian Himalayan Region

Recognizing the uniqueness of the Himalayas and the challenges for sustainable development, NITI Aayog had set up 5 Working Groups (WGs) in June 2017 to prepare a roadmap for actions in 5 thematic areas.

The themes include: Inventory and Revival of Springs in Himalayas for Water Security, Sustainable Tourism in Indian Himalayan Region, Transformative Approach to Shifting Cultivation, Strengthening Skill & Entrepreneurship Landscape in Himalayas and Data/Information for Informed Decision Making.

The reports lists challenges in all 5 thematic areas. Nearly 30% of springs crucial to water security of people are drying and 50% have reported reduced discharge.

Himalayan Tourism growing annually at 6.8% has crated huge challenge related to solid waste, water, traffic, loss of bio-cultural diversity etc.

· Government allowed Oxytocin sale through all private chemists

TheHealth Ministry has lifted the ban and allowed all private retail stores to sell Oxytocin, life-saving hormone, from 1st September. It has already banned the import of oxytocin and its formulation.
Earlier, the Ministry said that the sale of Oxytocin through private retail chemists will be banned from 1st July and the State-owned Karnataka Antibiotics Pvt. Ltd.(KAPL) will be the only company to manufacture and distribute oxytocin. It would be sold only in government hospitals and clinics.
Oxytocinhas been misused in the dairy industry where livestock is injected with oxytocin to make them release milk at a time convenient to farmers. The hormone is also used to increase the size of vegetables such as pumpkins, watermelons, brinjals, gourds and cucumbers.

Oxytocin is a naturally occurring hormonethat causes uterine contractions during labour and helps new mothers lactat

· Reliance becomes 1st Indian company to hit 8 trillion market cap

Mukesh Ambani-led Reliance Industries(RIL) became the first Indian company to hit ₹8 trillion or ₹8 lakh crore in market capitalisation.
This comes after Telecom Regulatory Authority of India (TRAI) data showed that Reliance Jio continued to add more subscribers. RJio added 9.71 million users in June, taking its subscriber base above 215 million.
The Market capitalisation (m-cap) of Tata Consultancy Services (TCS) stood at ₹7.79-lakh crore.

· INS Vikramaditya to have marine hydraulic systems for the first time

For the first time, India’s only aircraft carrier INS Vikramadityawill be fitted with a marine hydraulic system to boost the air operations of the ship.
Technodinamika, a subsidiary of Russia’s Rostec State Corporation, will install the system in the Indian Navy ship by May 2019.
The INS Vikramaditya worth $2.3 billion, came to India from Russia in January 2014.
INS Vikramaditya is 284 metres long and 60 metres high — that’s about as high as a 20-storeyed building. The ship weighs 40,000 tonnesand is the biggest and heaviest ship in the Indian Navy.

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