Rising Bharat Swadeshi: August 9th 2020

  • Manufacturing in Bharat by Bhartiya companies

Rural areas to get 600 million LED bulbs at ₹10 apiece without govt subsidy

Key points:

  1. India’s Energy Efficiency Services Ltd (EESL) plans to offer 600 million LED (light-emitting diode) bulbs in rural areas at ₹10 per piece, without any government support or subsidy, according to a top executive at the state-run firm.
  2. Under the new Gram UJALA scheme, carbon credit revenue to contribute ₹60 per LED bulb piece
  3. The Gram UJALA scheme will also help improve energy access in rural areas

(Live Mint, 9 August 2020) News Link

  • Hubballi-Dharwad get Rs 2,242 crore investment

Key points:

  1. The state government has cleared proposals for setting up five projects in the region, involving an investment of Rs 2,242 crore. These projects are expected to create 939 direct jobs and about 10,000 indirect jobs. Land for these projects have already been sanctioned.
  2. HM Revannagowda, managing director, Karnataka Uyog Mitra (KUM), said that three of the five companies, Abellon Goodsteps, Microfinish Trading and Ionidea Enterprises Solutions, had signed MoUs during the Investors Meet in Hubballi. “These MoUs have now been cleared. Tata Motors and Microfinish Pumps approached KUM directly,” he said.

(TOI, 9 August 2020) News Link

  • Vaccine development
  1. 225 रुपए में भारत में मिलेगी सबसे सस्ती वैक्सीन  ऑक्सफोर्डएस्ट्राजेनेका की वैक्सीन, अमेरिका में कीमत 1500 से 4500 रुपए के बीच होगी

Key points:

  1. अभी किसी भी वैक्सीन को ड्रग कंट्रोलर से अप्रूवल नहीं मिला, लेकिन इसे पाने के लिए मारामारी जैसे हालात बन रहे
  2. अधिक आय वाले देशों ने वैक्सीन तैयार कर रही कम्पनियों के साथ प्री-परचेज डील की ताकि ये सबसे पहले उन्हें उपलब्ध हो
  3. इस वैक्सीन का ट्रायल देश में 18 जगहों पर होगा। इसमें 1600 वॉलंटियर्स शामिल होंगे। सीरम इंस्टीट्यूट ऑफ इंडिया के सीईओ अदार पूनावाला का कहना है कि अगर ट्रायल कामयाब होता है तो 2021 की पहली तिमाही तक इसके 30 से 40 करोड़ डोज तैयार किए जा सकेंगे। वैक्सीन इस साल नवम्बर तक आ सकती है।
  4. सीरम इंस्टीट्यूट का कहना है, इस वैक्सीन के एक डोज की कीमत एक हजार रुपए से भी कम होगी। लेकिन, हाल ही में सीरम इंस्टीट्यूट ऑफ इंडिया ने बिल एंड मेलिंडा गेट्स फाउंडेशन और वैक्सीन अलायंस संस्था गावी के साथ एक करार किया है। इस करार के तहत भारत और निम्न आय वाले 92 देशों को मात्र 3 डॉलर यानी 225 रुपए में यह वैक्सीन मिल सकेगी।

(Dainik Bhaskar, 9 August 2020) News Link

  • Startup in Bharat by Bhartiya
    • This fitness startup offers interactive social workouts from the comfort of home

Key points:

  • Based in Bengaluru, Oga Fit is an interactive platform that offers the true experience of an in-studio workout from the comfort of a user’s home.
  • Through the platform, users can customise workout routines from a wide range of yoga, dance, and fitness content, sourced directly from trainers across the world.
  • Till now, the startup has raised $670,000 in funding from leaders such as David Giampaolo, CEO of Pi Capital, Sarva Yoga, and Inflection Point Ventures.
  • The team is planning to launch its product in multiple countries simultaneously and is in the process of onboarding some of the best trainers from around the world. 
    (Your Story, 9 August 2020) News Link
  • Why these friends decided to digitalise doctor consultations with their healthtech startup

Key points:

  1. Last month, DocsApp merged with MediBuddy, a digital consumer health business for enterprises.
  2. The plan was to continue focusing on enabling healthcare services like online specialist doctor consultations, lab tests, preventive health checks, delivery of medicines, and more to customers across India. 
  3. The joint entity also raised a $20 million (Rs 150 crore) in a Series B round of funding led by Bessemer Venture Partners, Fusian Capital, Mitsui Sumitomo, and Beyond Next Ventures.
  4. Today, MediBuddy-DocsApp claims to be servicing the healthcare needs of over three crore Indians. It claims to serve the needs of over 25,000 Indians daily with a partner network of over 90,000 doctors, 7,000 hospitals, 3,000 diagnostic centres, and 2,500 pharmacies covering over 95 percent of all pin codes in India.
  5. It is also the healthcare partner for top corporates across sectors like IT, real estate, MNCs, and banks. 
    (Your Story, 9 August 2020) News Link
  1. This AR-based fashiontech startup has revolutionised jewellery shopping with virtual trials in real time
The image is an example of Augmented Reality product

Key points:

  • In November 2017, the startup launched its cutting-edge AR product mirrAR 2017. The realtime product allows clients to provide access to a large inventory to its customers. This allows shoppers to try on jewellery on a digital platform, without having to actually wear these pieces.
  • Its first client was PC Jewellers and it currently serves more than 150 clients, in more than 28 Indian cities, New York, Singapore, and Dubai.
  • The AR-based startup recently raised Rs 3.5 crore in investments in its pre-Series A round.
    (Your Story, 9 August 2020) News Link
  • Alternative Indian apps set to take over their Chinese counterparts

Key points:

  1. Developers all around India are tweaking their apps to give users a more “Made in India” idea and are seizing the opportunity the ban has presented.\
  2. App developer Kundan Singh has made necessary adjustments to his flagship app Paper Scanner to ensure it is ready for the Indian market. Singh has been able to boost his app’s popularity to 4000 downloads daily.
  3. Also, local developers at the Innovana Tech Labs, a tech firm in Jaipur launched Indian App finder on Google Play Store after. So far, more than 500 Indian apps can be found in their database.
  4. With the ban, more Indians can now turn to Roposo, which has over 57 million downloads, with over 25 million active users, monthly. Roposo is slowly gaining more popularity with the number of downloads skyrocketing since June.

(EastMojo, 9 August 2020) News Link

  • Central government planning to manufacture in Bharat
    • In Big Push For “Make In India”, Import of 101 Defence Items Banned

Key points:

  1. The defence ministry will stop the import of 101 items “beyond given timeline” to boost indigenous production according to Prime Minister Narendra Modi’s mission of Atma Nirbhar Bharat (Self-Reliant India), Union minister Rajnath Singh said today.  
  2. This would mean that the domestic industry will receive contracts worth almost ₹ 4 lakh crore within the next six to seven years.
  3. The embargo will be implemented in phases between 2020 and 2024, the minister said.
  4. The list includes high technology weapon systems like “artillery guns, assault rifles, corvettes, sonar systems, transport aircrafts, light combat helicopters, radars and many other items”, the Centre said in a statement.

(NDTV, 9 August 2020) News Link

  • PM Modi launches Rs 1 lakh crore agri-infra fund, says move to enhance India’s ability to compete globally

Key points:

  1. In a move which may help farmers get better price of their produce at farm gates, Prime Minister Narendra Modi on Sunday launched Rs 1 lakh crore agriculture infrastructure fund to support building community farming assets across the country and said the efforts would enhance India’s ability to compete globally in the agri sector.
  2. These farm infrastructures will enable farmers to get higher value of their produce as they would be able to store and sell at It at better prices as per market conditions, reduce wastage, and increase processing and value addition.
  3. On this occasion, the PM also released Rs 17,000 crore to nearly 8.5 crore farmers under sixth instalment of the ongoing PM-Kisan scheme.
  4. Under this 10-year scheme, Rs one lakh crore will be provided by banks and financial institutions as loans with interest subvention of 3% per annum and credit guarantee coverage for loans up to Rs 2 crore for a maximum period of seven years. There will be a moratorium for repayment from 6 months to 2 years.

(TOI, 9 August 2020) News Link

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