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Posted 23 Feb 2024

9 min read

Venture Debt

  • According to report, India’s venture debt (VD) market raised $ 1.2 billion in 2023, a 50 % surge from 2022. 
    • Consumer and fintech emerged as the top sectors for raising funds through venture debt. 

 

  • About Venture Debt: 
    • It is a type of financing often used by early stage startups that do not yet have a proven track record of generating revenue.
    • Unlike traditional debt financing, venture debt is usually provided by specialized lenders willing to take on more risk for potentially higher returns. 
  • Tags :
  • Startups
  • Venture Debt

Rashtriya Udyamita Vikas Pariyojana (RUVP)

  • Ministry of Skill Development and Entrepreneurship launched RUVP under Skill India Mission.

 

  • About RUVP
    • Tailored specifically for beneficiaries of PM SVANidhi (Street Vendors AtmaNirbhar Nidhi) scheme.
    • Offers individuals with comprehensive entrepreneurship training (over a period of 22 weeks) combining theoretical knowledge with practical exposure through experiential learning.
    • Focuses on reskilling and upskilling employees to enhance their competitiveness and adaptability.
    • It will be piloted initially in selected districts, with focus on ensuring 40% women participation.
    • Training will be conducted through offline, online and hybrid modes, with certificates awarded upon completion.
  • Tags :
  • Rashtriya Udyamita Vikas Pariyojana

Pigeon Pea (Red gram, Tur, Arhar)

  • Hyderabad-based International Crops Research Institute for Semi-Arid Tropics announces World’s first Pigeon Pea speed breeding protocol.
    • The protocol will shorten breeding cycle to 2- 4 years (traditionally -13 years) and will strengthen food security in Asia and Africa.

 

  • About Pigeon Pea
    • High nutritional value (iron, calcium, phosphorous etc.).
    • India is largest producer in 2021.
    • Climate requirement
      • Crop of tropical areas mainly cultivated in semi-arid regions of India.
      • Temperature: 26°C to 30°C in rainy season (June to October) and 17°C to 22°C in post rainy season (November to March).
  • Tags :
  • Pigeon Pea

Miyawaki Method

  • Coal/Lignite Public Sector Undertakings have adopted Miyawaki plantation method in its suitable areas.

 

  • About Miyawaki method 
    • Based on work of Japanese botanist Akira Miyawaki, it enhances green cover within a limited area and establishes dense forest in 10 years.
    • It involves cultivating multi-layered forests that exhibit rapid growth and replicate natural biodiversity found in native forests.
    • Such forests lack some qualities of natural forests, like medicinal properties and ability to bring rain.
    • Benefits: Mitigate ecological impact of mining activities; Creating carbon sinks, Providing livelihood opportunities for local communities etc.
  • Tags :
  • Miyawaki method
  • Forestry

Baleen Whales (Mysticetes)

  • Scientists discover anatomy behind songs of Baleen Whales. They use a larynx, or voice box, anatomically modified to enable underwater vocalization.

 

  • About Baleen Whales
    • There are 14 species of baleen whale including blue, bowhead, right, humpback, minke, sei, Bryde, rorquals and gray whale
    • All species of baleen whales are listed under CITES Appendix I, prohibiting commercial international trade.
    • Three of the species occur in India i.e. blue, Bryde and humpback whale.
    • Characteristics: No teeth, Grow to lengths of 30 meters; Expert divers etc.