Current affairs 14 July 2023

India gets its 36th and Tamil Nadu its first flying training school.

• The Directorate General of Civil Aviation (DGCA) has approved the EKVI Air Training Organization Pvt Ltd which will be based at Salem Airport, Tamil Nadu.
• This will be the first flying training organization (FTO) in Tamil Nadu.
• India now has 36 DGCA-approved flying schools.
• This will provide aspiring pilots of Tamil Nadu training opportunities as per DGCA standards and contribute to the growth of the aviation industry in the country.

India's Vizhinjam railway tunnel adopts Austrian tunneling method.

• The third longest railway tunnel in India, the Vizhinjam railway tunnel will adopt the New Austrian Tunnelling Method (NATM) for undertaking the tunneling works.
• This tunnel connects the under-construction Vizhinjam International Seaport.
• It is being developed by the Adani Port with the railway mainline at Balaramapuram near Thiruvananthapuram.
• India's largest 12.75 km long railway tunnel (T-49) is built as part of the Udhampur-Srinagar-Baramula Rail Link (USBRL).

Union Minister Sarbananda Sonowal inaugurates DGNSS '"SAGAR SAMPARK".

• Union Minister of Ports Sarbananda Sonowal inaugurated the indigenous Differential Global Navigation Satellite System (DGNSS) SAGAR SAMPARK.
• It would provide more accurate information to the ships for safe navigation.
• About DGNSS:
• It is a terrestrial-based enhancement system.
• It corrects the errors and inaccuracies in the Global Navigation Satellite System (GNSS).
• It will help mariners in safe navigation and will reduce the risk of collisions, and accidents

India's index of industrial production jumps to 5.2% in May 2023.

• According to the data released by the Ministry of Statistics and Programme Implementation (MoSPI), the index of industrial production (IIP) in India has increased by 5.2% in May 2023 from 4.2% in April 2023.
• In May 2022, the factory output was at all time high-growth of 19.6%.
• India's industrial production growth (IIP) declined to its lowest level in five months at 1.1% in March 2023.
• The lowest growth rate was observed in October 2022 when it contracted by 4.1%.

India's Nishad Kumar wins silver at Para Athletics World Championships 2023.

• Bangladesh and India launched a much-anticipated trade transaction in rupees to reduce the dependence on the US dollar and strengthen regional currency and trade.
• This is the first time Bangladesh has done bilateral trade with a foreign country in addition to the US dollar.
• The transaction costs during trade with India would reduce with the introduction of the Taka-Rupee dual currency card which would be launched in September 2023.