Daily Current Affairs – August 4, 2020: It is known that civil, finance & competitive exams including UPSC, SSC, IAS, Banking, Defence, Railway & other government (central & state level recruitment exams) emphasize on ascertaining aspirants’ knowledge of recent current affairs. To develop a sound awareness of recent/latest current affairs events, reading about monthly current affairs in news or pdf format could help. Below, we have provided a daily current affairs quiz that is updated based on recent news.
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Part of: GS Mains II and III – Govt policies and schemes; Defence
About:
- In order to provide impetus to self-reliance in defence manufacturing, multiple announcements were made under ‘Atmanirbhar Bharat Package’.
- In implementing such framework and to position India amongst the leading countries of the world in defence and aerospace sectors, Ministry of Defence (MoD) has formulated a draft Defence Production and Export Promotion Policy 2020 (DPEPP 2020).
The policy has laid out following goals and objectives:
- To achieve a turnover of Rs 1, 75,000 Crores (US$ 25Bn) including export of Rs 35,000 Crore (US$ 5 Billion) in Aerospace and Defence goods and services by 2025.
- To develop a dynamic, robust and competitive Defence industry, including Aerospace and Naval Shipbuilding industry to cater to the needs of Armed forces with quality products.
- To reduce dependence on imports and take forward “Make in India” initiatives through domestic design and development.
- To promote export of defence products and become part of the global defence value chains.
- To create an environment that encourages R&D, rewards innovation, creates Indian IP ownership and promotes a robust and self-reliant defence industry.
- The Policy brings out multiple strategies under the following focus areas:
Procurement Reforms
- Indigenization & Support to MSMEs/Startups
- Optimize Resource Allocation
- Investment Promotion, FDI & Ease of Doing Business
- Innovation and R&D
- DPSUs and OFB
- Quality Assurance & Testing Infrastructure
- Export Promotion
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