TRIUMPH IAS ACADEMY MUMBAI

Latvia joins eurozone on 1st Jan 2014. Eurozone marks it 15th anniversary.

The Prime Minister said “The MSME sector is of vital importance to our national economy. It accounts for 8 per cent of the country’s GDP, 45 per cent of its manufactured output and 43 per cent of our exports. It provides employment to over 10 crore people. Our Government has always believed that strong performance of this sector is necessary for us to achieve the objective of rapid and inclusive growth. It is a matter of considerable satisfaction for all of us that the MSME sector has grown at a healthy rate of 10 per cent in recent years.” To promote the growth of the MSME sector the Prime Minister said that additional measures were announced in the Budget for the Financial Year 2013-14. These included continuation of non-tax benefits available for MSMEs for three years even after an enterprise graduated to a higher category. Fifteen additional tool rooms are being set up in the country with World Bank assistance to facilitate skill development and promotion

Salvage Operation Brings to Light a Thousand Year Old Pratihara Period Mint in Haryana The ancient mounds at village BoharMajra in Rohtak are gradually disappearing in the wake of coming up of new colonies under HUDA. The mounds located near Sri Baba Mastnath University have never been protected by either ASI or the State government. It was during the middle of January 2014 that Prof. Manmohan Kumar, a retired professor of MD University, Rohtak informed Dr. B R Mani, Additional Director General, ASI to do something to understand the site as it has yielded some terracotta moulds for making coins. The site was informed to be under constant levelling. ASI decided to immediately do some salvage operation through exploration followed by excavation, if required. Dr. Mani ADG visited the site on 2nd February, 2014 and in a brief exploratory survey could collect 31 pieces of terracotta coin moulds for casting coins of King MihiraBhoja, the mightly ruler of the Pratihara dynas

The Indian Navy’s major annual exercise ‘TROPEX’ (Theatre Level Operational Readiness Exercise) concluded yesterday. The exercise involved large scale naval manoeuvres in all three dimensions viz. surface, air and underwater, across the Bay of Bengal, Arabian Sea and the Indian Ocean. The month long exercise was aimed to assess the operational readiness of naval units, validate the Navy’s war fighting doctrine and integrate newly included capabilities in its 'Concept of Operations'. Around 60 ships and submarines, and 75 aircraft took part in this exercise,along withparticipation of units from Indian Air Force and Indian Coast Guard. Theexercise also saw the 'maiden' participation by the newly acquired P 8I Long Range Maritime Patrol aircraft and the nuclear submarine, Chakra. The exercise also provided the Indian Navy with an opportunity to validate its network centric warfare capabilities, with effective utilisation of the recently launched Indian