Daily Current Affairs : 17-November-2023

India and the United States have recently embarked on a collaborative journey with the official launch of the “Innovation Handshake” agenda. This initiative, born out of the US-India Commercial Dialogue, reflects a shared commitment to deepen bilateral ties in the realm of technology.

Strengthening the Start-up Ecosystem

At its core, the “Innovation Handshake” is a bold step toward fortifying the start-up ecosystem in both nations. Recognizing the pivotal role of start-ups in driving innovation and economic growth, the agenda seeks to create a robust framework that nurtures these dynamic enterprises. This includes addressing regulatory hurdles that often impede the progress of budding ventures.

Promoting Cooperation in Critical and Emerging Technologies

One of the primary objectives of the initiative is to foster cooperation in Critical and Emerging Technologies (CET). By aligning with the US-India Initiative for Critical and Emerging Technology (iCET), the “Innovation Handshake” aims to catalyze a tech partnership between the two countries. This strategic alignment ensures that the collaboration targets priority sectors crucial for technological advancements.

Addressing Challenges through Collaboration

The “Innovation Handshake” is not merely a symbolic gesture but a pragmatic effort to address challenges prevalent in the identified priority sectors. By facilitating collaboration, the initiative seeks to pool resources, expertise, and insights to overcome obstacles hindering progress in technology-driven domains.

Creating Opportunities for Innovation and Job Growth

A key outcome envisaged by the agenda is the promotion of innovation and job growth, particularly in emerging technologies. By fostering a conducive environment for collaboration, both India and the United States aim to unlock new possibilities, create employment opportunities, and contribute to the global technological landscape.

Important Points:
  • Strengthening the Start-up Ecosystem:
    • Focus on fortifying the start-up ecosystem in both nations.
    • Recognition of the crucial role of start-ups in driving innovation and economic growth.
    • Aim to create a robust framework, addressing regulatory hurdles for dynamic enterprises.
  • Promoting Cooperation in Critical and Emerging Technologies:
    • Objective to foster cooperation in Critical and Emerging Technologies (CET).
    • Alignment with the US-India Initiative for Critical and Emerging Technology (iCET).
    • Catalyzing a tech partnership to target priority sectors crucial for technological advancements.
  • Addressing Challenges through Collaboration:
    • Pragmatic effort to overcome challenges in identified priority sectors.
    • Facilitation of collaboration to pool resources, expertise, and insights.
    • Aims to address obstacles hindering progress in technology-driven domains.
  • Creating Opportunities for Innovation and Job Growth:
    • Key outcome envisaged is the promotion of innovation and job growth.
    • Particularly focused on emerging technologies.
    • Fostering a conducive environment for collaboration to unlock new possibilities and employment opportunities.
Why In News

India and the United States have officially launched the “Innovation Handshake” agenda, a collaborative effort aimed at deepening bilateral ties in technology. This initiative reflects the commitment of both nations to foster mutual innovation and address global challenges through the power of technological advancements.

MCQs about US-India “Innovation Handshake”

  1. What is the primary focus of the “Innovation Handshake” agenda between India and the United States?
    A. Strengthening diplomatic ties
    B. Enhancing cultural exchange
    C. Deepening bilateral ties in technology
    D. Promoting agricultural collaboration
    Correct Answer: C. Deepening bilateral ties in technology
    Explanation: The “Innovation Handshake” aims to deepen bilateral ties specifically in the field of technology.
  2. Why is there an emphasis on fortifying the start-up ecosystem in both nations?
    A. To boost traditional industries
    B. Recognition of the role of start-ups in driving innovation and economic growth
    C. To address climate change issues
    D. To promote tourism
    Correct Answer: B. Recognition of the role of start-ups in driving innovation and economic growth
    Explanation: Fortifying the start-up ecosystem is essential due to the crucial role of start-ups in driving innovation and economic growth.
  3. What is the key objective of the “Innovation Handshake” in relation to Critical and Emerging Technologies (CET)?
    A. Isolation from global technology advancements
    B. Fostering a tech partnership and collaboration
    C. Restricting access to emerging technologies
    D. Ignoring priority sectors in technology
    Correct Answer: B. Fostering a tech partnership and collaboration
    Explanation: The agenda aims to foster a tech partnership and collaboration in priority sectors identified under the US-India Initiative for Critical and Emerging Technology (iCET).
  4. What is the anticipated outcome of the “Innovation Handshake” in terms of job growth?
    A. Stagnation in employment opportunities
    B. Promotion of job growth in all sectors
    C. Job growth exclusively in traditional industries
    D. Promotion of job growth, particularly in emerging technologies
    Correct Answer: D. Promotion of job growth, particularly in emerging technologies
    Explanation: The one of the key outcomes envisaged is the promotion of innovation and job growth, specifically in emerging technologies.

Boost up your confidence by appearing our Weekly Current Affairs Multiple Choice Questions

Loading