{"id":13821,"date":"2021-02-12T00:00:00","date_gmt":"2021-02-12T00:00:00","guid":{"rendered":"https:\/\/www.nextias.com\/current_affairs\/uncategorized\/12-02-2021\/india-australia-circular-economy-i-ace-hackathon-2021\/"},"modified":"2021-02-12T00:00:00","modified_gmt":"2021-02-12T00:00:00","slug":"india-australia-circular-economy-i-ace-hackathon-2021","status":"publish","type":"post","link":"https:\/\/www.nextias.com\/ca\/current-affairs\/12-02-2021\/india-australia-circular-economy-i-ace-hackathon-2021","title":{"rendered":"India-Australia Circular Economy (I-ACE) Hackathon, 2021"},"content":{"rendered":"<p><strong>In News<\/strong><\/p>\n<p>Recently, <strong>India Australia Circular Economy <\/strong>(I-ACE) <strong>Hackathon<\/strong> <strong>2021 <\/strong>has been jointly organised by the <strong>Atal Innovation Mission<\/strong> (AIM) and the <strong>Commonwealth Scientific and Industrial Research Organisation<\/strong> (CSIRO).<\/p>\n<p><strong>About<\/strong><\/p>\n<ul>\n<li>The concept of<strong> I-ACE joint Hackathon<\/strong> originated in the virtual bilateral summit between the <strong>Prime Minister of India <\/strong>and the <strong>Prime Minister of Australia in <\/strong>June 2020.<\/li>\n<li>The Hackathon\u00a0 is an effort to strengthen <strong>bi-lateral innovations<\/strong> in <strong>Circular Economy<\/strong><\/li>\n<li>It provides participants with the <strong>chance to learn<\/strong> from <strong>industry experts, engage<\/strong> with l<strong>ike-minded individuals <\/strong>and <strong>create new ideas<\/strong>.<\/li>\n<li>It will enable the <strong>students and startups\/MSMEs<\/strong> of both the nations in <strong>fostering innovative solutions<\/strong> for the <strong>development of a circular economy<\/strong> across the food <strong>system value chain<\/strong> with the aim of increasing the <strong>long-term health<\/strong> and <strong>resilience <\/strong>of the planet.<\/li>\n<li><strong>Themes<\/strong>\n<ul>\n<li><strong>Innovation in packaging reducing packaging waste<\/strong><\/li>\n<li><strong>Innovation in food supply chains avoiding waste<\/strong><\/li>\n<li><strong>Creating opportunities for plastics waste reduction<\/strong><\/li>\n<li><strong>Recycling critical energy metals and e-waste<\/strong><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<table border=\"1\" cellspacing=\"0\" style=\"width:624px\">\n<tbody>\n<tr>\n<td style=\"vertical-align:top; width:468.0pt\">\n<p><strong>Circular Economy<\/strong><\/p>\n<ul>\n<li>The circular economy is a model of<strong> production and consumption<\/strong>, which involves <strong>sharing, leasing, reusing, repairing, refurbishing<\/strong> and <strong>recycling <\/strong>existing materials and products as long as possible.<\/li>\n<li>In the circular economy, waste is eliminated, products and materials are kept in use throughout their product lifecycle and natural systems are regenerated.<\/li>\n<\/ul>\n<p>\u00a0<\/p>\n<p><strong><img decoding=\"async\" src=\"https:\/\/cfstatic.nextias.com\/cdn-cgi\/image\/format=auto\/file_library\/mix_content\/647410022840846000_image.png\" style=\"height:206px; width:264px\" \/><\/strong><\/p>\n<p><strong>About Atal Innovation Mission (AIM)<\/strong><\/p>\n<ul>\n<li>It has been launched by the <strong>NITI Aayog <\/strong>as a <strong>flagship programme<\/strong> to<strong> promote a culture of innovation and entrepreneurship in India. <\/strong><\/li>\n<li>It has<strong> two core functions<\/strong>\n<ul>\n<li><strong>Innovation Promotion:<\/strong> To provide a platform where innovative ideas are generated.<\/li>\n<li><strong>Entrepreneurship Promotion: <\/strong>Through Self-Employment and Talent Utilization, innovators would be supported and mentored to become successful entrepreneurs.\n<ul>\n<li>Wherein innovators would be supported and mentored to become successful entrepreneurs at Incubation Centres.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><strong>About Commonwealth Scientific and Industrial Research Organisation (CSIRO)<\/strong><\/p>\n<ul>\n<li>It is Australia\u2019s national science agency and innovation catalyst, solving the greatest challenges through innovative science and technology.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>India and Australia Relations<\/strong><\/p>\n<ul>\n<li><strong>Diplomatic<\/strong>\n<ul>\n<li>India and Australia established diplomatic relations in the pre-Independence period, with the establishment of<strong> India Trade Office in Sydney in 1941<\/strong>.<\/li>\n<li>The end of the<strong> Cold War<\/strong> and simultaneously India\u2019s decision to launch major <strong>economic reforms in 1991<\/strong> provided the first positive move towards the development of closer ties between the two nations.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li><strong>Strategic<\/strong>\n<ul>\n<li>Australia looks at India as an <strong>important partner in promoting regional security<\/strong> and <strong>stability<\/strong>. This led to upgradation of the bilateral relationship to a <strong>\u2018Strategic Partnership\u2019, <\/strong>including a <strong>Joint Declaration on Security Cooperation<\/strong> in <strong>2009<\/strong>.<\/li>\n<li>Bilateral mechanisms include high-level visits, Annual Meetings of Prime Ministers, Foreign Ministers\u2019 Framework Dialogue, Joint Trade &#038; Commerce <strong>Ministerial Commission, India-Australia &#8216;2+2&#8217; Foreign Secretaries and Defence Secretaries Dialogue, Defence Policy Talks, Australia-India Education Council, Defence Services Staff Talks.<\/strong><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li><strong>Bilateral Trade<\/strong>\n<ul>\n<li>India is the <strong>5th largest trade partner of Australia<\/strong> with trade in <strong>goods and services <\/strong>at A$ 29 billion representing 3.6% share of the total Australian trade in 2017-18, with export at A$ 8 billion and import at A$ 21 billion.<\/li>\n<li>India\u2019s main <strong>exports <\/strong>to Australia are, <strong>Refined Petroleum, medicaments, Railway<\/strong> vehicles including <strong>hover-trains, Pearls &#038; Gems<\/strong>, <strong>Jewellery<\/strong>, made up <strong>textile articles,<\/strong> while our major <strong>imports <\/strong>are <strong>Coal, copper ores &#038; concentrate, <\/strong>Gold, vegetables, wool &#038; other animal hair, fruits and nuts, lentils and education-related services.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Civil Nuclear Cooperation Agreement<\/strong>\n<ul>\n<li>It was signed between the two countries in September 2014 during the visit of the <strong>Australian Prime Minister to India<\/strong>.<\/li>\n<li>\u00a0\u00a0The Australian Parliament passed the \u201cCivil Nuclear Transfer to India Bill 2016\u201d which ensures that <strong>Uranium mining companies<\/strong> in <strong>Australia<\/strong> may fulfil contracts to supply <strong>Australian uranium to India<\/strong> for <strong>civil use<\/strong>.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li><strong>Defence<\/strong>\n<ul>\n<li>During the visit of India&#8217;s Prime Minister to Australia in November 2014, both sides decided to <strong>extend defence cooperation<\/strong> to cover research, development and industry engagement and agreed to hold regular meetings at the level of the Defence Minister conduct regular maritime exercises and convene regular service-to-service talks<\/li>\n<li>The first-ever<strong> Bilateral Maritime Exercise, AUSINDEX 15, <\/strong>was conducted in <strong>Visakhapatnam (the Bay of Bengal)<\/strong> in September 2015<\/li>\n<li>In 2018,<strong> the Indian Air Force<\/strong> participated for the first time in the <strong>Exercise Pitch Black<\/strong> in Australia.<\/li>\n<li><strong>INS Sahyadri<\/strong> participated in <strong>Kakadu<\/strong>, <strong>the biennial Exercise of the Australian Navy<\/strong> held in 2018, in which 27 nations participated.<\/li>\n<li>The 4th edition of <strong>AUSTRAHIND<\/strong> (Special Forces of Army Exercise) was held in September 2019.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li><strong>Indian Community<\/strong>\n<ul>\n<li>The Indian community in Australia continues to <strong>grow in size and importance<\/strong>, with a<strong> population of nearly half seven lakhs.<\/strong><\/li>\n<li>India is now the third-largest source of immigrants to Australia, after the UK and New Zealand and the largest source of skilled professionals for Australia.<\/li>\n<li>\u00a0India is one of the top sources of<strong> skilled immigrants <\/strong>to Australia.<\/li>\n<li>There is a\u00a0 <strong>constant flow of students<\/strong> and <strong>tourists from India<\/strong>.<\/li>\n<li>\u00a0The growing significance of the community is reflected in the large-scale <strong>celebration of Indian festivals in Australia, especially Deepawali. <\/strong><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><a href=\"https:\/\/pib.gov.in\/PressReleseDetailm.aspx?PRID=1697115#:~:text=The%20concept%20of%20I%2DACE,initiatives%20between%20the%20two%20countries.\" target=\"_blank\" rel=\"noopener\">Source :PIB<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In News Recently, India Australia Circular Economy (I-ACE) Hackathon 2021 has been jointly organised by the Atal Innovation Mission (AIM) and the Commonwealth Scientific and Industrial Research Organisation (CSIRO). About The concept of I-ACE joint Hackathon originated in the virtual bilateral summit between the Prime Minister of India and the Prime Minister of Australia in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":13822,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-13821","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs"],"acf":[],"jetpack_featured_media_url":"https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2023\/07\/7550679current-affairs-3-2.jpg","_links":{"self":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/13821","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/comments?post=13821"}],"version-history":[{"count":0,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/13821\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/media\/13822"}],"wp:attachment":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/media?parent=13821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/categories?post=13821"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/tags?post=13821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}