CURRENT AFFAIRS

Detailed explanation-1: -The exchange program facilitates visits between 50 start-ups from Bangladesh and 50 start-ups from India, aiming to foster partnerships, expand business relations, share experiences and knowledge, and promote collaboration among young entrepreneurs.

Detailed explanation-2: -A startup defined as an entity that is headquartered in India, which was opened less than 10 years ago, and has an annual turnover less than ₹100 crore (US$13 million).

Detailed explanation-3: -The Indian startup ecosystem originated with software services startups serving Indian software needs, and later expanding to exporting software services.

Detailed explanation-4: -Startup India is a flagship initiative of the Government of India, intended to catalyse startup culture and build a strong and inclusive ecosystem for innovation and entrepreneurship in India.