Daily Current Affairs for UPSC IAS Preparation: 7 November 2017

China launches 2 navigation satellites

China has launched two BeiDou-3 satellites into space though a single carrier rocket. The satellites were launched aboard a Long March-3B carrier rocket from Xichang Satellite Launch Center in the southwestern province of Sichuan.

The two newly-launched satellites represent the third phase of the BeiDou Navigation Satellite System. This system will provide services for countries involved in the Belt and Road Initiative, and form a complete global satellite navigation system by 2020 by which time China plans to have more than 30 satellites.

It will make China the third country in the world after the US and Russia to operate its own navigation system. The BeiDou project was formally initiated in 1994. It began to serve China in 2000 and the Asia-Pacific region at the end of 2012.

Compared to earlier generation satellites, the BeiDou-3 is able to send signals that are better compatible with other satellite navigation systems and provide satellite-based augmentation, as well as search and rescue services in accordance with international standards.

The BeiDou-3 satellites and the carrier rocket were developed by China Academy of Space Technology and China Academy of Launch Vehicle Technology, respectively.

 

Belgium’s King & Queen arrive on 7-day visit to India

Belgium’s King Philippe and Queen Mathilde arrived in New Delhi on a seven-day visit to India. The royal couple were received at the airport by Union Urban Development Minister Hardeep Singh Puri. This is King Philippe’s first state visit to India after his ascension to the throne in 2013.

The aim of their visit is to boost overall cooperation between the two countries with a focus on further ramping up trade and investment ties. India is Belgium’s second largest export destination and the third largest trading partner outside the European Union.

 

Three-day mega food fair attracts investment worth 19 billion dollars

Investment of around 19 billion dollars were committed during the three day mega food event- World Food India which concluded yesterday. The event achieved a resounding success and saw participation from 60 countries and over 50 global CEOs.

The conference witnessed participation of 10 thousand participants and over 8 thousand business to business and business to government meetings were held. 50 MoUs were signed worth 11.25 billion dollar to boost food processing levels.

Of which, about 2.5 billion dollar worth of MoUs have been signed between state governments and stakeholders. The US, UAE, Germany, Netherlands and France have announced big amount of investments in the country’s food processing sector.

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