CURRENT AFFAIRS

Detailed explanation-1: -Japan International Cooperation Agency (JICA) started the “The Project for Future Researchers at IITH to Enhance Network Development with Scholarship of Japan” (FRIENDSHIP Project) on 2nd January 2011 for a period of 8 years till 31st March 2020 .

Detailed explanation-2: -What is JICA… Japan International Cooperation Agency (JICA) is an implementing agency of Japanese official development aid (ODA) for the purpose of supporting the socioeconomic development, recovery or economic stability of developing regions.

Detailed explanation-3: -IIT Hyderabad is one among the 2nd generation of IITs started by the Govt. of India. In the recent years the contribution of IIT Hyderabad to academic and industrial research is immensely recognized and respected. Major operational costs of the institution are funded by Govt.

Detailed explanation-4: -Japan’s ODA to India started in 1958, when a concessionary ODA loan of 18 billion Japanese Yen was extended to supplement the implementation of the 2nd Five-Year Plan, at the request of the then Prime Minister, Jawaharlal Nehru. India was then the first recipient in the world of Japanese ODA loan.

Detailed explanation-5: -IITH has been consistently ranked in the top 10 institutes in India for Engineering according to NIRF making it one of the most coveted schools for science and technology in the country.