Recently, the flight test of VL-SRSAM has been successfully conducted by Defence Research & Development Organisation (DRDO) & Indian Navy from the Integrated Test Range (ITR) in Chandipur, off the coast of Odisha.

• Flight test was carried out from a land-based vertical launcher.

About VL-SRSAM

• It is a vertically launched surface to air missile with all-weather capability for use by Indian Navy. 
• It is a ship borne weapon system designed to neutralise various aerial threats at close ranges, including sea-skimming targets.
• Features: Indigenous Radio Frequency (RF) seeker
• Developed by: DRDO

Union Minister for Fisheries, Animal Husbandry and Dairying has recently launched 'Rangeen Machhli' App

About Rangeen Machhli App:

• Developed by ICAR-Central Institute of Freshwater Aquaculture with support from the Pradhan Mantri Matsya Sampada Yojana.
• Objective:  Provides multilingual information on popular ornamental fish species in eight Indian languages.
• Features: Locate nearby aquarium shops, Promoting local businesses and connecting users with reliable sources for ornamental fish.

About Ornamental Fish Farming in India:

• It is practise of raising attractive, colorful fishes of various characteristics, which are reared in a confined aquatic system.
• Indigenous Ornamental Fishes: Loaches, Eels, Barbs, Catfish, and Goby, Clown Fish etc.

Indian Army Contingent departs for 5th edition of INDIA- OMAN Joint Military Exercise AL NAJAH V.

About Exercise AL NAJAH V

• Exercise AL NAJAH has been held biennially since 2015 alternatively between India and Oman.
• Exercise will take place at Rabkoot Training Area in Salalah, Oman.

Delhi Government is preparing to spray bio-decomposer, an alternative to stubble burning, over 5,000 acres of farmland. 

About Bio-decomposer 

• Developed by Indian Agricultural Research Institute (IARI).
• Bio-decomposer is a microbial liquid spray (consortium of seven fungal species). 
  • It can degrade diverse horticultural and agricultural residues like vegetable waste, citrus fruit waste, flower waste paddy straw, soybean trash, millet, maize residues rapidly and effectively.
• Significance: Valuable composting technology to convert agri-waste into nutrient-rich products 
  • Improves soil and supports plant growth.
  • Able to decompose the agri residue in-situ within 25 days.

Kerala Cabinet clears proposal to constitute seventh State Finance Commission.

About State Finance Commission (SFC)

• Article 243I of the Constitution empowers the Governor of a state to constitute a Finance Commission every five years.
  • Article 243I introduced by 73^rd Constitutional Amendment Act 1992.
• It reviews the financial position of the Panchayats and recommends principles for governing: 
  • Distribution between state and panchayats of net proceeds of state taxes
  • Determination of taxes, duties, tolls and fees which may be assigned to Panchayats
  • Grants-in-aid to Panchayats from State Consolidated Fund.  
• Article 243Y provides that SFC shall make similar recommendations for municipalities. 

SEBI approves ten times hike in NSE’s authorized share capital to ₹500 crore.

About NSE

• Headquarter: Mumbai
• Establishment Year: Incorporated in 1992, recognized as stock exchange by SEBI in 1993 and commenced operations in 1994.
  • Stock exchange is a centralised marketplace where securities such as stocks, bonds, and derivatives are bought and sold by investors.
• India’s largest stock exchange by market cap.
• Nifty 50 (owned and managed by NSE Indices Limited) is flagship stock market index of NSE.
  • Consists of diversified 50 stock indexes from various sectors of economy.
• Pioneer in Technology: First exchange in India to implement electronic/screen-based trading.

NIMI has recently launched YouTube Channels to make vocational education more accessible  for ITI Students.

About NIMI

• Genesis: Set up in 1986 by name of Central Instructional Media Institute by Government of India as a Subordinate Office.
  • Registered as a society under Tamil Nadu Societies Registration Act 1975.
  • Renamed as NIMI in 2003.
• Functioning: Autonomous institution under government of India, Ministry of Skill Development & Entrepreneurship (MSDE), Directorate General of Training (DGT), New Delhi
• Objective: 
  • Nodal Agency to develop Instructional Materials, e-content, Question Banks, Train media developers and trainers.
  • Enable translation of books into Hindi and other regional languages 

Central Government, under Companies Act, 2013, notified NaBFID as a Public Financial Institution (PFI).

• Only institutions established under any Central or State Act or whose at least 51% paid up share capital is held by central or state government can be notified as PFI. 

National Bank for Financing Infrastructure and Development (NaBFID)

• NaBFID  was established as an infrastructure focused Development Financial Institution (DFI) under the National Bank for Financing Infrastructure and Development Act, 2021.
• It was established to support the development of long-term non-recourse infrastructure financing in India including development of bonds and derivatives markets.