Prelim Bits 19-05-2018

‘AYUSH’ word finds a place in English Language

The Commission for Scientific and Technical Terminology has decided to adopt the word ‘AYUSH’ in Hindi and English languages for scientific and technical purposes.
The “AYUSH” became popular as the acronym for five traditional and complementary systems of medicine, namely Ayurveda, Yoga & Naturopathy, Unani, Siddha and Homoeopathy.
The decision followed a proposal from the Ministry of AYUSH in this regard.
The word ‘ayush’ will have the meaning “Traditional and Non-Conventional Systems of Health Care and Healing which include Ayurveda, Yoga, Naturopathy, Unani, Siddha, Sowa Rigpa, Homoeopathy etc.
It will also give a boost to India’s efforts to find a place for the Indian Systems of Healthcare in the International Classification of Diseases (ICD) of the World Health Organization.

Commission for Scientific and Technical Terminology

The Commission for Scientific & Technical Terminology (CSTT) was set up in 1960.
It was by a resolution of Government of India under the proviso to Clause (4) of Article 344 of the Constitution.
The objective is to evolve and define scientific and technical terms in Hindi and all Indian languages.
It will also publish glossaries, definitional dictionaries and encyclopedia.
It will ensure that the evolved terms and their definitions reach the students, teachers, scholars, scientists, officers etc.,
The commission also coordinates with all States to ensure uniformity of terminology in Hindi and other Indian languages.
The Commission carries out the following functions :-

Preparation and Publication of National terminology.
Identification and Publication of School Level Terminology and Departmental Glossaries.
Identification of Pan Indian Terms.
Preparation of University level textbooks, monographs and journals.

Parcel Cargo Express Train (PCET)

Northeast Frontier Railway has started operating one lease Parcel Cargo Express Train (PCET) on fortnightly basis.
It will connect Northeastern part of the country to the West Coast.
The service would enable farmers to market their products like tea, betal nuts, pineapple, jute, horticulture products, cane furniture etc. at the retail markets in Mumbai, Bengaluru, Nagpur, Pune etc
The PCET has been started in line with the Government's priority to provide connectivity to the Northeast region and empowering the local industries.
It has emerged as a business tool without any additional strain on the resources of the railways

S&P PLATTS Global Metals Award 2018

National Mineral Development Company Limited has bagged the prestigious S&P Global PLATTS Global Metals Award 2018 in corporate social responsibility (CSR) category.
The company has been supporting initiatives on education, health, skill development, infrastructure creation and drinking water among others with a view to enhance the quality of life and empower the local population.
This is the first time since inception of this award that an Indian Company bagged an award in this category.
S&P Global Platts is the leading independent provider of information, benchmark prices and analytics for the energy and commodities markets.
The Corporate Social Responsibility (CSR) Award recognizes the organization that best demonstrates leadership, commitment to action and real-world social impact on social responsibility of corporate business entity.
The S&P Global Platts Global Metals Award recognizes top performers – industry leaders and innovators.

National Mineral Development Corporation (NDMC)

NMDC is the largest iron ore mining company in India.
The corporation was founded in 1958.
With iron ore production of around 35 million tons per annum, it has a domestic market share of about 25%.
It also extracts diamonds through its mine in Panna, Madhya Pradesh, which is the only mechanized diamond mine in Asia.
It s vision is to emerge as a global Environment friendly Mining Organization and also as a quality Steel producer with a positive thrust on Social Development.
It is headquartered at Hyderabad, Telegana.

Venture Capital Symposium 2018

NITI Aayog, in association with Vision India Foundation, is organizing the Venture Capital Symposium 2018 to deepen the economic relationships between France and India.
It is an event where the French investors will be interacting with 100 early to mid-stage Indian start-ups.
It aims to support the Start-up India program.
The event facilitates interactions between French investors, Indian investors, Indian start-ups and critical government functionaries.
The French investors will explore the investment landscape as well as the socio-cultural richness of India.

Source: PIB, The Hindu, Business standard