- It is a heritage weaving hub about 20 km from Thiruvananthapuram.
- GI-tagged, gossamer-thin handlooms edged with gold, comes from Balaramapuram
- In dark, dusty sheds, on the trademark pit looms of Balaramapuram, the weavers, both men, and women weave fine unbleached cotton cloth with gold borders, transforming them into beautiful dhotis, traditional Kerala set mundu, and Kerala sarees.
- GI tags are known as Geographic Indication tags.
- It is an indication or a sign which specifies that it originates from a definite geographical territory.
- GI tags are used to identify agricultural, natural, handicrafts or manufactured goods.
- In December 1999, the Parliament had passed the Geographical Indications of Goods (Registration and Protection) Act,1999 in order to comply with the obligations to WTO i.e. World Trade Organization.(UPSC Prelims Question 2018)
- The Act would be administered by the Controller General of Patents, Designs and Trade Marks- who is the Registrar of Geographical Indications
- Geographical Indications are covered as an element of Intellectual Property Rights(IPR) under the TRIPS Agreement (WTO Agreement).
- GI tags registration is valid for 10 years.
- Darjeeling Tea is the first product to receive GI tag in India
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- The Navy has handed over a Passenger Variant Dornier (PVD) aircraft on lease to the Maritime Air Squadron of the National Coast Guard, Mauritius.
- The aircraft was presented to the Mauritius Police Force (MPF) at an official ceremony.
- MSN 4059 had been leased to the MPF by the Indian Navy on the gratis basis to support the current increased load of air operations.
- It is an AI-based translation software ecosystem: IIT Bombay Professor and his team launch project on Hindi Divas
- On September 14, which is celebrated as Hindi Divas every year, Institute Chair Professor, Department of Computer Science and Engineering, IIT Bombay, Prof. Ganesh Ramakrishnan, and his team launched ‘Project Udaan’,
- It enables translation from English to Hindi and all Indian languages of textbooks and learning materials in Engineering and all main streams of Higher learning https://www.udaanproject.org/.
- ‘Project Udaan,’ a donation-based project, is an end-to-end ecosystem, which translates scientific and technical content from English to Hindi and all other Indian languages.
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- The state will become the millet hub of the country in the coming times.
- Millet Mission initiative is aimed at giving the farmers the right price for small cereal crops, provide input assistance, procurement arrangements, processing and ensure that the farmers get the benefit of the expertise of experts.
- An event was organized for the signing of MoU between the Indian Institute of Millet Research, Hyderabad, and the collectors of 14 Chhattisgarh districts under the “Millet Mission” of the state.
T+1 settlement system
- Securities and Exchange Board of India (SEBI) has offered a T+1 settlement system for stock market exchanges.
- If the stock exchange agrees to the proposal, investors will get money for shares they sold or bought in their accounts faster, and in a safer and risk-free environment.
- T+1 (T+2, T+3) are abbreviations that refer to the settlement date of security transactions.
- The “T” stands for transaction date, which is the day the transaction takes place.
- The numbers 1, 2, or 3 denote how many days after the transaction date the settlement—or the transfer of money and security ownership—takes place.
- Stocks and mutual funds are usually T+1 and bonds and money market funds vary among T+1, T+2, and T+3.
COVID Strains in India
- The INSACOG is a consortium of labs tasked with analyzing emerging coronavirus variants.
- Neither of the two recent coronavirus variants identified by the World Health Organisation (WHO) that may pose an international threat has been found in India.
- WHO has added B.1.621 (including B.1.621.1) to the list of Variants of Interest (VoI) and called it “Mu”.
- VoI is a step lower than VoC or Variant of Concern.
- Mu has mutations that potentially allow it to evade the immunization conferred by vaccines.
- The global prevalence of the Mu variant has declined and is currently below 0.1%. However, the prevalence in Colombia (39%) and Ecuador (13%) has consistently increased, according to the WHO.
- The agency has also added C.1.2 as a new VoI. C.1.2 is a sub-lineage of the C.1 variant described in South Africa but did not spread globally.
- The C.1.2 variant contains mutations of all the three types known to increase the virus’ transmissibility and aids immune escape.
- Neither Mu, nor C.1.2 are seen in India so far.