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One Liners 13-09-2025
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Economy
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Insurance Surety Bonds
Insurance Surety Bonds (ISB) issued by the insurance companies for NHAI contracts has crossed Rs. 10,000 crore landmark.
- ISB – These are instruments where insurance companies act as ‘Surety’ and provide the financial guarantee that the contractor will fulfil its obligation as per the agreed terms.
- Surety Bonds act as a viable alternative to Bank Guarantees.
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Electronic Bank Guarantee (e-BG)
- e-BG – It is a digitally issued, signed, and managed bank guarantee to a lender.
- It eliminates the physical documentation usually associated with issuance of BG.
- BG issuance process – NeSL portal through an API-based digital workflow with e-stamping and e-signatures.
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Agriculture
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World Food India (WFI) 2025
- Organized by – Ministry of Food Processing Industries (MoFPI).
- Aim – To position India as the “Food Hub of the World” by fostering collaboration, innovation, and investments across the food processing value chain.
- 2 events
- 3rd Global Food Regulators Summit.
- 24th India International Seafood Show (IISS).
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3rd Global Food Regulators Summit
- It provides a unique platform for global regulators to discuss harmonization of food safety standards and strengthen regulatory cooperation.
- Conducted by – Food Safety and Standards Authority of India (FSSAI).
- Objectives
- Advance Regulatory Science & Innovation
- Foster Sustainable & Resilient Food Systems
- Ensure Nutritional Security
- Strengthen Global Regulatory Collaboration
- Fortify Surveillance, Labs & Testing Ecosystems
- Anticipate & Mitigate Emerging Risks
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Food Safety and Standards Authority of India (FSSAI)
- Established in – 2008, under Food Safety and Standards, 2006.
- Nodal ministry – Ministry of Health & Family Welfare.
- Objectives – To lay down science-based standards for food articles.
- To regulate their manufacture, storage, distribution, sale and import to ensure availability of safe and wholesome food for human consumption.
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24th India International Seafood Show (IISS)
- It is an Asia's pre-eminent seafood trade fair.
- Conducted by – Seafood Exporters Association of India (SEAI).
- Aim – To focus on India’s growing seafood export potential and global market linkages.
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Seafood Exporters Association of India (SEAI)
- SEAI – It is a non-government, not-for-profit organisation and is the voice of India’s seafood export sector.
- Established in – 1973.
- Headquarter at – Kochi.
- Represented in – Governing council of Marine Products Export Development Authority (MPEDA).
- Aim – To position Indian seafood as the preferred choice for global buyers, renowned for its exceptional quality, sustainability, and traceability.
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Security
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4th Coast Guard Global Summit (CGGS)
A 2 member Indian Coast Guard (ICG) delegation, is participating in the 4th Coast Guard Global Summit (CGGS).
- Held in – Rome, Italy under the co-chairmanship of Italy and Japan.
- Delegates from – 115 countries and international organisations.
- Aim – To strengthen multilateral cooperation, promote capacity building, and develop collective approaches to safeguarding the global ocean environment.
- 1st CGGS convened in – 2017, by Japan Coast Guard & Nippon Foundation.
- 5th CGGS to be hosted in – India in 2027.
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Miscellaneous
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THINQ 2025
- It is a unique national-level quiz competition.
- Conducted by – Indian Navy.
- Participates – All Indian students in classes IX to XII, irrespective of the affiliation mode or region.
- Aim – To provide a unique opportunity to experience the ‘way of life’ of the Indian Navy, instilling a sense of national pride and patriotism while testing their knowledge and intellect.
- Prize – Rs.35 lakhs
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10th Ayurveda Day 2025
- Celebrated annually on – 23rd September.
- Host in – Goa by All India Institute of Ayurveda (AIIA).
- Theme – ‘Ayurveda for People & Planet’.
- Aim – To promote Ayurveda as a sustainable and integrative global healthcare solution, addressing both human health and environmental well-being.
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