Argutes

Daily Current Affairs for UPSC Civil Services Exam – 20 April 2021

In Today’s News:

  1. DRDO develops Supplemental Oxygen Delivery System.
  2. Startup India Seed Fund Scheme.

1. DRDO develops Supplemental Oxygen Delivery System

News Summary

Defense Research and Development Organisation (DRDO) has developed a SpO2 (Blood Oxygen Saturation) supplemental Oxygen Delivery System for soldiers.

Prelims GS – Science & Technology

SpO2 Supplemental Oxygen Delivery System:
  • SpO2 (Blood Oxygen Saturation) supplemental Oxygen Delivery System has been developed for soldiers posted at extreme high-altitude areas.
  • Developed by Defence Bio-Engineering & Electro Medical Laboratory (DEBEL), Bengaluru of DRDO, the system delivers supplemental oxygen based on the SpO2 levels and prevents the person from sinking into a state of Hypoxia, which is fatal in most cases, if sets in.
  • This automatic system can also prove to be a boon during the current Covid-19 situation.
  • SpO2 refers to the percentage of blood oxygen saturation.
  • The system reads the SpO2 levels of the subject from a wrist-worn pulse oximeter module through the wireless interface and controls a proportional solenoid valve to regulate the oxygen supply to the subject.
  • The oxygen is delivered from a lightweight portable oxygen cylinder through nasal nares.
Usage of the device for COVID patients to prevent Hypoxia:
  • Hypoxia is a state in which the amount of oxygen reaching the tissues is inadequate to fulfill all the energy requirements of the body.
  • This is exactly the situation that gets replicated in a Covid patient due to the virus infection and has been a leading factor in the current crisis.
  • The automatic usage of this system has a huge advantage in the household, as the oximeter would give an alarm for lower SpO2 value.
  • It will automatically increase/decrease the O2 flow based on the SpO2 setting which can be auto-adjusted at 2, 5, 7, 10 lpm flow rate.
  • The optimal O2 flow rate conserves the O2 resources/O2 management and greatly increases endurance.

Click here to view the Courtesy: Official PIB release.

2. Startup India Seed Fund Scheme

News Summary

Minister of Railways, Commerce & Industry, Consumer Affairs, and Food & Public Distribution Shri PiyushGoyal launched the Startup India Seed Fund Scheme (SISFS) on 19.4.2021.

Prelims GS – Governance/Economic Development

SISFS:
  • SISFS refers to the Startup India Seed Fund Scheme.
  • It is essential to provide seed funding to startups with an innovative idea to conduct proof of concept trials.
  • The Startup India Seed Fund Scheme aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry, and commercialization.
  • This would enable these startups to graduate to a level where they will be able to raise investments from angel investors or venture capitalists or seek loans from commercial banks or financial institutions.
  • Rs. 945 Crore corpus will be divided over the next 4 years for providing seed funding to eligible startups through eligible incubators across India.

Mini Insights

Mains GS3 – Economic Development

Significance of SISFS:
  • SISFS will Secure seed funding, Inspire innovation, Support transformative ideas, Facilitate implementation, and Start a startup revolution.
  • This Scheme will create a robust startup ecosystem, particularly in Tier 2 and Tier 3 towns of India, which are often deprived of adequate funding.
  • This fund will help the startups which act as a backbone of New India as these innovators have changed their mindset from Job seekers to Job providers.
  • Startup India Seed Fund Scheme will act as a bridge between ideas and their implementation.
  • Independent & ambitious thinking in the Startup ecosystem will encourage entrepreneurship and create a culture that will recognize innovation.
  • The Seed Fund Scheme also envisions promoting virtual incubation for startups by enabling 300 incubators to support startups from all corners of the country.
  • The impact of this fund will be visible by the spur of innovations in tier 2 and tier 3 regions of India.

Click here to view the official PIB release and click here to view the Guidelines for Startup India Seed Fund Scheme.

 

 

 

Click here for Daily current affairs for the UPSC exams on other dates.