DAILY PIB NOTES-NOVEMBER 17 2020

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General Studies-02

India-Luxembourg Virtual Summit

News

• A Virtual Summit will be held between Prime Minister Shri Narendra Modi and Prime Minister of Luxembourg  Mr Xavier Bettel.
• This will be the first stand-alone Summit meeting between India and Luxembourg in the past two decades.

Strengthening bilateral relationship

• The leaders will discuss the entire spectrum of bilateral relationship, including strengthening of India-Luxembourg cooperation in the post-COVID world.
• They will also exchange views on international and global issues of mutual interest.
• India and Luxembourg have continued to maintain high level exchanges in the recent past. The two Prime Ministers have met previously on three occasions.

General Studies-03

Second Successful Flight Test of QRSAM System

News

• In yet another flight test, the Quick Reaction Surface to Air Missile (QRSAM) System tracked the target accurately and successfully neutralised the airborne target.

Second flight test

• The flight test, second in the series was conducted at around 1542 hrs from the Integrated Test Range, Chandipur, off the coast of Odisha.
• The test was carried out once again, against the high performance Jet Unmanned Aerial Target called Banshee, which simulates an aircraft.
• The Radars acquired the target from a long range and tracked it till the mission computer automatically launched the missile.
• Continuous guidance was provided through Radar data link. Missile entered the terminal active homing guidance and reached the target close enough for proximity operation of warhead activation.
• The flight test was conducted in the deployment configuration of the weapon system comprising of Launcher, fully Automated Command and Control System, Surveillance System and Multi Function Radars.
• The QRSAM weapon system, which can operate on the move, consists of all indigenously developed subsystems. All objectives of the test were fully met. The launch was carried out in the presence of the users from Indian Army.
• A number of range instruments like Radar, Telemetry and Electro Optical Sensors were deployed which captured the complete flight data and verified the performance of the missile.

The first in the series test of QRSAM took place achieving the milestone of a direct hit. Second test proved the performance parameters of warhead.

Telangana decides to go for Option-1 to meet the GST implementation shortfall

News: 

The Government of Telangana has communicated its acceptance for Option-1 out of the two options suggested by the Ministry of Finance to meet the shortfall in revenue arising out of GST implementation.

Beyond News:

The State has now joined 22 other States and 3 Union Territories (Delhi, Jammu & Kashmir and Puducherry) who have opted for Option-1. 

What is option 1?

• Under the terms of Option-1, besides getting the facility of a special window for borrowings to meet the shortfall arising out of GST implementation, States are also entitled toget unconditional permission to borrow the final instalment of 0.50% of Gross State Domestic Product (GSDP) out of the 2% additional borrowings permitted by the Government of India, under AtmnirbharAbhiyaan on 17^th May, 2020.
• This is over and above the Special Window of Rs.1.1 lakh crores.On receipt of the choice of Option-1from the Government of Telangana, the Government of India has today granted the State Government of Telangana additional borrowing permission of Rs.5,017 crore (0.5% of Telangana’s GSDP).