PIB Summary- 2nd March, 2023 | Current Affairs & Hindu Analysis: Daily, Weekly & Monthly - UPSC PDF Download

Exercise Shinyuu Maitri

Why in News?
The Indian Air Force (IAF) is taking part in Exercise Shinyuu Maitri with the Japan Air Self Defence Force (JASDF).

Exercise Shinyuu Maitri

• The exercise is being conducted alongside the Indo-Japan Joint Army Exercise, Dharma Guardian, which is taking place from 13 February 2023 to 02 March 2023 in Komatsu, Japan.
• The IAF is participating with a contingent consisting of one C-17 Globemaster III aircraft.
• The exercise is divided into two phases.
  • The first phase involves discussions on transport operations and tactical manoeuvring.
  • The second phase consists of flying drills with the IAF’s C-17 and JASDF C-2 transport aircraft.
• The exercise provides an opportunity for subject matter experts to interact and study each other’s operational philosophies and best practices.
• It will also enhance mutual understanding and interoperability between the IAF and the JASDF.

Importance of Exercise Shinyuu Maitri 23

• Exercise Shinyuu Maitri 23 marks another step in the expanding defence cooperation between India and Japan. It also provides the IAF with the opportunity to operate in diverse environments across the globe.
• It is worth noting that the exercise is taking place at the same time as the IAF’s heavy lift transport aircraft fleet is participating in Exercise Desert Flag VIII in the UAE and Exercise Cobra Warrior in the UK.

Udyam Portal

Why in News?
According to Government data, retail and wholesale traders are topping the table of top 10 segments or sub-sectors in the Micro, Small and Medium Enterprises (MSME) sector based on the number of registrations on the Udyam portal.

About Udyam Portal

• It was introduced on July 1st, 2020.
• The Union MSME ministry introduced an online mechanism for registering MSMEs.
• Additionally, it is connected to the databases of the Goods and Services Tax Network and the Central Board of Direct Taxes (CBDT) (GSTN).
• A channel of communication and engagement between taxpayers, the central government, several state governments, and other stakeholders is established via the complex and one-of-a-kind IT enterprise known as GSTN.
• It is entirely online, doesn’t call for any paperwork, and helps MSMEs operate more easily.

Significance

• For MSMEs to take advantage of the benefits of programmes for the Ministry of MSME and for Priority Sector Lending from banks, Udyam registrations are required.
• Additionally, MSMEs support the nation’s exports, GDP, and job creation.