Navratna Status

Why in News: ?
The Ministry of Finance upgraded four public-sector enterprises, SJVN, Solar Energy Corporation, NHPC and RailTel Corporation of India, to the 'Navratna' status.

Categorization of PSUs: The government classifies Public Sector Undertakings (PSUs) into three categories:

📍 Maharatna
📍Navratna
📍Miniratna


Criteria for Navratna Status: To qualify for Navratna status, a PSU must meet the following criteria:

✔️ Be a Miniratna-I, Schedule 'A' company

✔️Have an 'excellent' or 'very good' MoU rating in three of the last five years

✔️Achieve a composite score of 60 in six performance indicators

✔️Report a net profit of more than ₹5,000 crore for three consecutive years

✔️Maintain an average annual turnover of ₹25,000 crore for three years

✔️Have an average annual net worth of over ₹15,000 crore for three years


#economy

India's Deepthi Jeevanji wins bronze in women's 400m T20 category in Paris Paralympics, clocking 55.82 seconds 🏅🇮🇳

Read here - https://www.hindustantimes.com/sports/others/deepthi-jeevanji-wins-bronze-in-womens-400m-t20-category-in-paris-paralympics-101725385585755.html

Namibia

📍Why in News:
Namibia plans to cull hundreds of its most majestic wild animals, including dozens of elephants and hippopotamuses, to provide meat for its 1.4 million people

📍Location: Namibia, country located on the southwestern coast of Africa.

📍Borders: It is bordered by Angola to the north, Zambia to the northeast, Botswana to the east, South Africa to the southeast and south, and the Atlantic Ocean to the west.

📍Capital: The capital of the country is Windhoek

#geography

For the first time in the history of Himachal Pradesh, 2 lakh employees and 1.5 lakh pensioners of the state did not get salaries and pensions on September 1 due to the ongoing financial crisis. Just days ago, Chief Minister Sukhvinder Singh Sukhu had announced that his Cabinet ministers would not take their salaries for the next two months.


Himachal currently has a huge debt of about Rs 94,000 crore. This financial burden along with freebies has weakened the financial condition of the state to a great extent, due to which the state government has to take new loans to repay the debt. The state government has liabilities of about Rs 10,000 crore and employees are unlikely to get salary and pension even today

🚀 Chandrayaan-4 🚀

We all are hearing about it, lets have some facts regarding ISROs Chandryaan4 mission:

1. Mission Objective: To bring rock and soil samples of Moon back to the Earth.
2. Nos. of Module: Five separate module
3. Major Challenge: Docking ( 2 times; when the modules fly back from the Moon to unite with the main spacecraft, and when the samples are transferred to the re-entry vehicle)

Small Video showing, soil collection along with docking of Chandryaan4!!

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Colombo Security Conclave (CSC)

📍News: India, Maldives, Mauritius and Sri Lanka have signed the Charter and an MoU for the establishment of the Colombo Security Conclave (CSC) Secretariat in Colombo to address security and stability challenges in the Indian Ocean Region.

📍About: The Colombo Security Conclave (CSC) is a regional security grouping that
includes India, Bangladesh, Sri Lanka, Maldives, and Mauritius.

📍Aim: The CSC’s primary objective is to enhance regional security by addressing
transnational threats and challenges that are of common concern to its Member States.

📍Membership: Current Members: India, Bangladesh, Maldives, Mauritius, and Sri Lanka.

📍 Observer Nation: Seychelles

#IR

India Semiconductor Mission (ISM)

News: The Union Cabinet chaired by Prime Minister Shri Narendra Modi approved the proposal of Kaynes Semicon Pvt Ltd to setup the 5th semiconductor unit in Sanand, Gujarat.

Establishment:
📍ISM is a specialized and independent Business Division within the Digital India Corporation.

📍It was created to foster a vibrant semiconductor and display ecosystem, positioning India as a global hub for electronics manufacturing and design.
Powers and Responsibilities:

📍 ISM holds full administrative and financial powers to drive the semiconductor ecosystem in India,
focusing on manufacturing, packaging, and design.

📍It serves as the nodal agency for schemes approved under the Semicon India Programme.

#scienceandtech