Logo
Current Affairs
Select Date
Tags:
Hindi

Important Current Affairs 20th April 2019

NATIONAL NEWS

INS Shakti, INS Kolkata to take part in Chinese Navys 70th anniversary celebrations.

•   The two Indian Navy Ships (INS) are scheduled to visit Chinese port of Qingdao from 21 to 26 April to participate in an International Fleet Review to celebrate the 70th anniversary of People’s Liberation Army (PLA) Navy.

•  INS Kolkata is the lead ship of the Kolkata-class stealth guided-missile destroyers of the Indian Navy.

•  INS Shakti is tanker and supply ship.

•  Over 60 countries would join the commemorative event for the PLA Navy’s 70th founding anniversary on April 23.

INTERNATIONAL NEW

A Book of poem Khooni Vaisakhi on Jallianwala Bagh massacre, released in UAE.

• A book containing English translation of the 100-year-old classic Punjabi poem about Jallianwala Bagh massacre, ‘Khooni Vaisakhi’ released in Abu Dhabi.

• India’s Ambassador to the UAE Navdeep Singh Suri commended the launch of the book.

• The poem was translated by Mr. Suri whose grandfather, revolutionary poet and novelist Nanak Singh, a Jallianwala Bagh survivor, wrote it after witnessing first-hand the events of April 13, 1919.

Christina Koch To Set Record For Longest Spaceflight By A Woman.

• NASA astronaut Christina Koch going to have her mission on the International Space Station (ISS) extended to 328 days, which would set a record for the longest single spaceflight by a woman.

• Koch, who arrived at the space station on March 14 is scheduled to remain in orbit until February 2020 will eclipse the record of 288 days set by former NASA astronaut Peggy Whitson in 2016-17.

AGREEMENTS AND MOUS:

India and France to hold their largest Naval Exercise VARUNA.

• India and France are all set to hold their largest-ever naval exercise with aircraft carriers, destroyers, submarines and fighters early May as part of their expanding strategic partnership.

• The exercise has been christened 'Varuna' and will take place off Goa and Karwar from 1 May 2019.

The conduct of Varuna exercise was reiterated in the Joint Statement made by the Prime Minister of India and the President of France, on the 10th of March 2018.

• The two countries will be deploying their aircraft carriers INS Vikramaditya and FNS Charles de gaulle with their Mig-29K and Rafale-M naval fighter jets.

• The Indian participation will also include the destroyer INS Mumbai, frigate INS Trikand with their integral helicopters, IN submarine Kalvari, P8-I aircrafts and Dornier Maritime Patrol aircraft.

• This comes after the successful operationalisation of the logistics support agreement between India and France under which Indian warships can access the French bases like Reunion Islands and in Djibouti.

Under the same pact, French anti-aircraft destroyer FNS Cassard had docked at the Mumbai naval port in January 2019. This was second such logistics support agreement signed by India after the one signed by it with United States (US) in 2016.

BANKS AND ECONOMICS:

Cholamandalam MS General Insurance got ISO 31000:2018 certification.

• An insurance giant Cholamandalam MS General Insurance Company Limited has received ISO 31000:2018 certification by TUV India. Chola MS has received certification for applying risk management system which conforms to the prescribed standards.

The Certificate is valid for a period of 3 years from April 07, 2019, to April 06, 2022.

• ISO 31000:2018 certification:

ISO 31000:2018 is an international risk management standard. The standard provides guidelines, principles, framework, and a process for managing risk.

It can be used by any organization regardless of its size, activity or sector. The application of these guidelines can be customized to any organization and its context.

Bank of Maharashtra Joins M1X change TReDS Platform for MSME Bill Discounting.

• Bank of Maharashtra (BoM) partnered with M1Xchange Trade Receivables Discounting System (TReDS) platform for MSME bill discounting.

• TReDS is a digital platform to support micro, small and medium enterprises (MSMEs) to get their bills financed at a competitive rate through an auction where multiple registered financiers can participate.

Mynd Solutions is a technology management firm which runs the TReDS platform of M1Xchange.

APPOINTMENTS AND RESIGNATIONS:

Shri N. Kashinath designated as Member (Signal & Telecom) of Railway Board.

• Shri N. Kashinath took over as Member (Signal & Telecom) of Railway Board.

• He was associated with Train Describer Project, Survey for the Mobile Train Radio Communication in Northeast Frontier Railway,

• Shri N. Kashinath belongs to the 1980 Batch of the Indian Railway Service of Signal Engineers (IRSSE).

Dubai based RAKEZ appointed Cricket Champion Ravi Shastri as a Corporate Ambassador.

• Former Cricketer Ravi Shastri appointed as Ras Al Khaimah Economic Zone (RAKEZ) exclusive Corporate Ambassador to the Indian Business Community. Brand Ambassador may attract more Indian business leaders to set up or expand their operations in UAE through RAKEZ. This first-of-its-kind approach is one of the many other initiatives that RAKEZ will be launching in the future to attract more investors from all over the world and boost the economic growth of Ras Al Khaimah.

ECI appointed Bihar Ex CEO AjayV Nayak as Special Observer for West Bengal.

• Election Commission of India (ECI) appointed Bihar's former Chief Electoral Officer (CEO).

• Ajay V. Nayak as a special observer for West Bengal

He is a retired IAS officer of the 1984-batch has been appointed as a special observer for West Bengal by ECI.

• The Commission has earlier appointed Vivek Dube as the special police observer for the state.

Deutsche Bank appoints Kaushik Shaparia as CEO For India.

• Deutsche Bank appointed Kaushik Shaparia as the chief executive officer for India He succeeds Ravneet Gill. Gill left the bank to head private lender YES Bank. Shaparia’s appointment will be effective from May 2019.

SPORTS:

Bajrang regained top spot in world wrestling rankings.

• India's Bajrang Punia has regained the world number one spot in the men's 65-kilogram Wrestling freestyle category rankings.

The rankings were released by United World Wrestling.

• Punia, who won Gold in the Asian Games and Commonwealth Games as well as a silver in the World Championships last year, secured 58 points ahead of Akhmed Chakaev of Russia.

• Bajrang, who is currently preparing for the Asian Wrestling Championship to be held in China from the 23rd of this month, had first reached the world number one spot in November last year.

• He won gold at the Dan Kolov-Nikola Petrov tournament in Bulgaria last month.

• Punia secured 58 points ahead of Akhmed Chakaev of Russia.

Read More
Read Less
View All Comments

Important Current Affairs 25th February 2019

NATIONAL:

GST Council reduces GST Rate on Real Estate projects

• The Goods and Services Tax (GST) Council met on February 24, 2019 for its 33rd meeting and slashed GST rate on under-construction residential properties and the affordable housing projects.

• In case of non-affordable houses, the GST rate for under-construction flats and houses has been brought to 5 percent without Input Tax Credit (ITC), down from the present 12 percent. In case of affordable houses, the GST rate has been reduced to 1 percent without ITC from 8 percent.

Aero India 2019 culminates; Drone Olympics held

• The 12th biennial edition of International Aerospace and Defence Exhibition, Aero India 2019 culminated on February 24, 2019 at Air Force Station Yelahanka in Bengaluru.

• For the first time, the 2019 edition of Aero India combined the defence and civil aviation segments into a holistic event with the co-involvement of the defence and civil aviation ministries. The 12th edition of Aero India intended to be a “Runway to a billion opportunities” and put India on the Global map.

PM-KISAN: PM Modi launches ‘Pradhan Mantri Kisan Samman Nidhi Yojana’ from Gorakhpur, UP

• The Prime Minister Narendra Modi on February 24, 2019 launched the Pradhan Mantri Kisan Samman Nidhi Yojana (PM-KISAN) from Gorakhpur, Uttar Pradesh.

• On the launch day itself, the first instalment of Rs 2,000 was directly credited to the bank accounts of selected beneficiary farmers. Around 12 crore farmers are expected to benefit from PM-KISAN. The Pradhan Mantri Kisan Samman Nidhi Yojana was announced in the Union Interim Budget 2019 by Finance Minister Piyush Goyal.

PM Modi dedicates National War Memorial to the nation

• Prime Minister Narendra Modi on February 25, 2019 dedicated the National War Memorial to the nation in a solemn ceremonial function in New Delhi.

• The National War Memorial, located near the India Gate in New Delhi, is a fitting tribute to the soldiers who laid down their lives defending the nation, post-independence. The Memorial commemorates the soldiers who participated and made the supreme sacrifice in Peace Keeping Missions, and Counter Insurgency Operations.

Government launches Rail Drishti Dashboard to keep people informed about ongoing Railway works

• Railway Minister Piyush Goyal launched Rail Drishti Dashboard in New Delhi to keep people informed about the work going on in the Railways across the country. The Ministry of Railways will get suggestions and comments through the platform and will plan on future actions.

• The information gathered by technology and other means can benefit if there is proper data analysis.  People will get useful information from Rail Drishti through Railway WiFi facilities that are continuously expanding in the country.

INTERNATIONAL:

Oscars 2019: ‘Bohemian Rhapsody’ wins most Oscars

• The 91st Academy Awards, popularly known as Oscar Awards, were conferred on February 24, 2019 (February 25 as per Indian time). 'Bohemian Rhapsody', nominated for five Oscars, won the most Oscars at the award show.

• The ‘Period. End of Sentence’, a film on menstruation set in rural India, won the Oscar in the Documentary - Short Subject category at the 91st Academy Awards. The film has been directed by Rayka Zehtabchi and produced by Indian producer Guneet Monga’s Sikhya Entertainment.

Afghanistan begins export to India via Chabahar port

• Afghanistan has begun exports to India through Iran’s Chabahar port. At the inauguration of the new export route in Zaranj city in western Nimroz province, President Ashraf Ghani said Chabahar port is the result of healthy cooperation between India, Iran and Afghanistan.

• Afghanistan’s exports will increase to two billion dollar from the current one billion dollar in the next year.

• Indian ambassador Vinay Kumar said Afghanistan’s exports to India have increased by 40 percent after the launch of air corridor between Kabul and New Delhi.

 23 trucks carrying 57 tonnes of dried fruits, textiles, carpets and mineral products were dispatched from Zaranj to Chabahar port to be shipped to Mumbai.

Cobra Gold, one of world’s largest multinational military exercises, held in Thailand

• Thailand and the United States hosted the annual Cobra Gold military exercise, the biggest activity of its type in the Asia-Pacific region with 29 nations taking part as participants or observers.

• Apart from the 2 countries, 7 countries who participated in the exercise were India, Singapore, Japan, China, Indonesia, Malaysia and South Korea.

• The Indian Army participated in the military training exercise with a 14-member contingent.

• Thai Chief of Defense Forces,Gen. Pornpipat Benyasri and the commander of the U.S. Army.

BANKING & FINANCE

RBI formalised USD 75-billion swap pacts with Bank of Japan

• This arrangement would bring in greater stability to the foreign exchange and capital markets in India since it will enable the availability of $75-billion in foreign capital for use as and when the need arises. 

• In February, the rupee had shown signs of a rebound and it remained one of the best performing among the emerging market currencies. 

• The rupee closed at 71.14 on Friday. The local unit fell about 2% so far this year, after an 8.5% drop in 2018 amid sharp swings in global crude oil prices.

SPORTS

India suspended by IOC from Hosting International Sporting Events after Pakistan Shooters were Denied Visa

• The International Olympic Committee (IOC) suspended all Indian applications to host future events and urged international sports federations not to stage competitions in the country after two Pakistanis were denied visas to compete in New Delhi.

• It was after India denied of entry visas for two shooters from Pakistan who were due to take part in the International Shooting Sport Federation (ISSF) World Cup event held in New Delhi following the attack by a Pakistan-based militant group in Pulwama, which killed at least 40 CRPF paramilitary police.

• The IOC Executive Board decided to suspend all discussions with the Indian National Olympic Committee (NOC) and Government regarding the potential applications for hosting future sports and Olympic–related events in India, until clear written guarantees are obtained from the Indian government to ensure the entry of all participants in such events in full compliance with the rules of the Olympic Charter.

AWARDS & RECOGNITION

ONGC Rajahmundry wins environmental excellence award

• Oil and Natural Gas Corporation (ONGC)’s Rajahmundry unit won the Energy and Environment Foundation Global Clean Awards-2019 for sustained efforts in pursuit of Swachh Bharat Mission as envisioned by Prime Minister Narendra Modi, at a function in New Delhi.

•  It has also received Platinum Award under Apex India Environment Excellence Award 2018from Apex India Foundation for excellence in environmental management in Petroleum Sector.

Manpreet Singh named as Player of the Year and Lalremsiami as Rising Player of The Year by the Asian Hockey Federation

• Harmanpreet Singh was awarded the 2018 Player of the Year award while women’s team striker Lalremsiami as the Rising Player of The Year, by the Asian Hockey Federation.

• Harmanpreet Singh led the Indian team to an unbeaten streak at the Asian Champions Trophy in Muscat where the team was declared joint winners with Pakistan and also contributed to the team’s silver medal win at the FIH Champions Trophy in Breda. 18-year-old Lalremsiami, has shown remarkable progress in the women’s team with her impressive performance as a striker at the 2018 World Cup and the Asian Games where the team won Silver medal and was also a part of the Youth Olympics in Buenos Aires where theunder-18 team won a silver.

• The Indian men’s team was awarded the Best Performance of The Year for being the only Asian side to have reached the top eight at the World Cup in Bhubaneswar.

Read More
Read Less
View All Comments

Important Current Affairs 12th February 2019

NATIONAL NEWS

PM Modi Inaugurates Visakhapatnam Strategic Petroleum Reserve Facility.


•     Prime Minister Narendra Modi dedicated to the nation the 13.3 million metric ton capacity Visakhapatnam Strategic Petroleum Reserve facility at Guntur in Andhra Pradesh
•    He also inaugurated Oil and Natural Gas Corporation Limited’s Vashishta and S1 development project located in the Krishna-Godavari Offshore Basin.
•    Mr. Modi also laid the foundation stone for setting up of a new terminal of Bharat Petroleum Corporation Limited (BPCL) at Krishnapatnam.


Centre allocates Rs 59 crore for Asiatic Lion conservation in Gujarat's Gir.


•    The Ministry of Environment launched a three-year Asiatic Lion Conservation Project in collaboration with the state of Gujarat. The Ministry of Environment, Forests and Climate Change (MoEFCC) allocated Rs 59 crores, which will focus on better management of the lion habitat, disease control and veterinary care for them.
•    Gujarat government also implemented Rs 80 crore that will be spent on specialised veterinary hospitals and full-fledged ambulances for lions.


Himalayan Cloud Observatory Set Up In Tehri.
•    A Himalayan Cloud Observatory is set up in Tehri district of Uttarakhand with a motive to forecast and monitor cloudburst incidents in the Himalayan region and help to minimize the damage.
•    The Observatory is established in the SRT campus, in Tehri and is in the testing period. This is the second observatory in the country to monitor cloud activities by the Indian Science and Technology Department and Indian Institute of Technology (IIT) Kanpur that can function in high-altitudes.

 Great Indian Bustard Announced As The New Mascot For COP-13.
•    Union Environment Minister, Dr. Harsh Vardhan, announced the Great Indian Bustard (GIB) as the mascot for the 13th Conference of Parties (COP) of the UN Convention on the Conservation of Migratory Species (CMS) to be held in Gujarat in 2020. He also revealed that the bird has been fondly named by the ministry as 'Gibi'.
•    CMS-COP 13 is a global platform for the conservation and sustainable use of migratory species and their habitats. It has over 120 participating countries.

 Dharmendra Pradhan Inaugurated 13th PETROTECH 2019 In Greater Noida.
•    The 13th International Oil and Gas Conference – PETROTECH – 2019 got underway at India Expo Mart, Greater Noida. Over 95 Energy Ministers from partner countries are expected to participate in the three day Conference.
•    The theme of the conference is 'Collaborating For Sustainable and Secure Energy Access for all'. 

 Union Minister Harsimrat Kaur Lays Foundation Stone of Mega Food Park in Mathura.
•    Union Minister for Food Processing Industries Harsimrat Kaur Badal laid the foundation stone of a Mega Food Park at Chhata-Barsana road in Mathura. The Park will provide direct and indirect employment to five thousand persons and benefit about 25,000 farmers.
•    The Mega Food Park is being set up in over 57 acre of land at a cost of around 121 crore rupees. The Centre has also approved financial assistance of 50 crore rupees to the project. 

MOU Signed Between EIL and Mongolia for Project Management Consultancy for Oil refinery.
•    A MoU was signed between Engineers India Limited (EIL) and Mongolia for Project Management Consultancy for oil refinery. EIL is a PSU under the Ministry of Petroleum and Natural Gas. 
•    The agreement was signed on the sidelines of PETROTECH-2019 event at Greater Noida, UP. The MoU is for Project Management Consultancy services for construction of an oil refinery plant in Mongolia by EIL. 

INTERNATIONAL

ADB Debuts in Offshore Philippine Peso Bond Market.
•     The Asian Development Bank (ADB) has raised 5.2204 billion Philippine pesos ($100 million) from a new issue of local currency bonds in the international market. Currency-linked bonds are denominated in the local currency but settled in US dollars. 
•    The bonds pay a fixed interest rate of 5.25% and have a final maturity of 4 years. ADB issued bonds in the Philippine domestic capital market in 2005 and 2007 but this issue is the first time it has mobilized Philippine peso funding from international investors through a currency-linked structure.

INS Trikand Participates In Exercise ‘Cut class Express 2019’.
•    INS Trikand, the frontline warship of the Indian Navy, participated in a multi-national training exercise ‘CUTCLASS EXPRESS 2019’. The annual Exercise Cutlass Express is sponsored by U.S. Africa Command (USAFRICOM) and conducted by Naval Forces Africa (NAVAF).
•    It is the eighth iteration of the annual multinational maritime exercise and was held in the vicinity of Djibouti, Mozambique and Seychelles.

Hindi Included As 3rd Official Court Language in Abu Dhabi.
•    Abu Dhabi has decided to include Hindi as the third official languageused in its courts, alongside Arabic and English, as part of a move designed to improve access to justice.
•    The Abu Dhabi Judicial Department (ADJD) announced that it has extended the adoption of interactive forms of statement of claims filed before courts by including Hindi.


Multinational Maritime Exercise ‘Aman 19’ Commenced In Karachi.
•    The 5-day multinational maritime exercise ‘AMAN-19’ in which 46nations participated from all over the world was formally commenced at Pakistan Navy Dockyard, with a colorful flag hoisting ceremony.
•    Principal aim to conduct this exercise is to facilitate a forum of understanding of each other’s maritime concepts and operation cultures and to produce ways and means to confront common threat at sea.


AWARDS

Yes Bank Wins The Aegis Graham Bell Award 2018.
•    Aegis Graham Bell Award 2018 announced Yes Bank as the winner in ‘Innovation in Data Science’ category for their industry-first project ‘Yes EEE (Engage Enrich Excel)’ at Panaji, Goa.
•    It was hosted by the Government of Goa. Aegis Graham Bell Awards (AGBA) Promotes innovations and entrepreneurship in the Information and Communication Technology (ICT) domain.

BAFTA Awards 2019 Announced: Complete List Of Winners.
•    Netflix drama 'Roma' won the top prize at the 72nd edition of the British Academy of Film and Television Arts or BAFTA awards. 
•    However, with seven BAFTAs in its kitty, director Yorgos Lanthimos's The Favourite emerged the top winner in 2019.

Deepa Mehta to Be Feted With Lifetime Achievement Award.
•     Acclaimed Indo-Canadian filmmaker Deepa Mehta will be given the Lifetime Achievement Award by the Academy of Canadian Cinema and Television. Mehta is best known for her Elements Trilogy - 'Fire', 'Earth' and 'Water'.
•    The Canadian Screen Awards are awards given annually by the Academy of Canadian Cinema and Television recognizing excellence in Canadian film, English-language television, and digital media productions.

Grammy Awards 2019 Announced: Complete List of Winners.
•    The 61st Annual Grammy Awards ceremony was held at Staples Center in Los Angeles. 
•     The show was hosted by Singer-songwriter Alicia Keys.

Appointments:


Ruchira Kamboj Appointed India's Ambassador to Bhutan.
•    Ruchira Kamboj was appointed as the Ambassador of India to Bhutan. She is serving as the High Commissioner of India to South Africa since 2017.
•    Kamboj has previously served as the Ambassador/PR to Permanent Delegation of India to UNESCO, Paris.


Egypt’s President El-Sissi Elected as Chairman of African Union.
•    Egypt’s President Abdel-Fattah el-Sissi has been elected as the chairman of the African Union at the continental body’s summit in Ethiopia.
•    El-Sisi’s election brings an end the one-year chairmanship of Rwanda’s President Paul Kagame.


BANKING

RBI Doubles The Limit Of Bulk Deposits From Rs. 1 Crore To Rs 2 Crore.
•     Reserve Bank of India decided to treat deposits to over Rs.2 crore as ‘bulk’ as they doubled the limit for the same from the earlier Rs.1crore.This move will enhance the operational freedom of Banks.
•    According to current RBI rules, last reviewed in January 2013, banks have the option of not permitting premature withdrawals of ‘large rupee term deposits’ of INR 1 crore and above. National Federation of Urban Cooperative Banks and Credit Societies Limited (NAFCUB)has suggested this proposal.

SPORTS

Corentin Moutet Clinched Chennai Open ATP Challenger Title.
•     In Tennis, France’s Corentin Moutet has clinched the Chennai Open ATP Challenger tournament title after beating Andrew Harris of Australia in the singles final.
•    It was the second Challenger title for Moutet, who received 80 ATP points, while Andrew got 48 ATP points.

Read More
Read Less

Important Current Affairs 10th February 2019

NATIONAL


Great Indian Bustard (GIB) announced as the new mascot for the 13th UN Convention on the CMS COP-13.
•    Union Environment Minister, Dr. Harsh Vardhan, on Friday announced the Great Indian Bustard (GIB) as the mascot for the 13th Conference of Parties (COP) of the UN Convention on the Conservation of Migratory Species (CMS) to be held in Gujarat in 2020.The Government also launched a website for the COP-13.
•    CMS-COP 13 is a global platform for the conservation and sustainable use of migratory species and their habitats. It has over 120 participating countries. So far, 12 COPs (Conference of Parties) have been convened.
•     COP-13 will be held in Gandhinagar, Gujarat from 15 – 22 February, 2020

Union Minister Suresh Prabhu launches two schemes in Mumbai.
•    On February 9, 2019, Union Minister for Commerce and Industry Suresh Prabhu launched two schemes, the Hirkani Maharashtra chi and District Business Plan Competition in Mumbai.
•    OVER VIEW OF SCHEMES:
    Under Hirkani Maharashtra chi, women’s SHGs will display their business plan at taluka level. Ten groups will be selected from each taluka and Rs. 50,000 will be given to each SHG to implement their idea. Five SHGs at district level will be selected and Rs. 2 lakh will be given to each SHG to take the idea forward.
    Under District Business Plan Competition, competitors at district level will display ideas, out of which five ideas will be selected from agriculture, social service, education and Work order worth Rs. 5 lakh will be given to the 5 selected ideas to implement the same.

Health Ministry conducts 8th round of National Deworming Day campaign.
•    On February 8,2019,The Ministry of Health and Family Welfare (MoHFW) conducted its eighth round of National Deworming Day (NDD) with an objective to reduce the prevalence of Soil Transmitted Helminths (STH) or parasitic intestinal worms so that there will be no longer be public health problem.
•    The Ministry of Health and Family Welfare (MoHFW) envisioned an open-defecation-free India which holds the capacity to reduce the overall worm burden in a community.


 Voter verification and Information Programme was launched by Election Commission.
•    On 8th February 2019, Election Commission of India (ECI) launched a Voter Verification and Information Programme (VVIP) for citizens to verify their details, change the details, new registration and corrections. The programme focus on 2019 General Election.
•    The ECI has set up helpline centres in all districts in India. The voter helpline number is 1950 and they are well equipped with to help callers with latest information.
•     VVIP technology was launched during 2day training cum workshop on the use of Information and Communication Technology which was held in New Delhi.
•    ECI also launched a ‘PwD app’ to enable Persons with Disabilities (PWD) to request to change in address, change in particulars and new registration by using mobile application.
•     Voter Helpline app was also launched which will help voters to check their names in electoral roll, submit online forms, application status checking and complaints filing.

Two day Bengal Global Summit held in Kolkata.
•    On February 7, 2019, the fifth edition of West Bengal Global Business Summit was inaugurated by state Chief Minister Mamata Banerjee. It is a two day summit held in Rajarhat, Kolkata.
•    West Bengal bagged over Rs. 40,000 crore worth of investment proposals from Reliance, Group, ITC and others multinational companies on the first day of the business summit.
•     The summit came to an end with West Bengal government signing 86 agreements entailing business proposals worth 2.84 lakh crore.
•    West Bengal with a Gross State Domestic Product of USD 155.32 billion is the 4th largest contributor to India’s GDP and 6th contributor to India’s manufacturing GDP.

Assam’s Finance Minister presented 1,193 crore Deficit Budget.
•    Assam’s Finance Minister, Himanta Biswas has presented the fourth Deficit Budget of the state for the fiscal year 2019-20 in the legislative assembly which amounts to 1,193 crore.
•    This budget is the 2nd digital budget of the state
•    The total revenue of the budget in comparison with previous has increased by 20% and the total expenditure has crossed 70,000 crore.
•    The budget mainly focuses on dimensions of social security and capital expenditure.
•    Brides will be given one tola gold belonging to families having income of less than Rs. 5 lakh per annum.
•    Students who passes in 12th class examination with first division will be given e-bike
•    Widows below 45 years will be given immediate support of Rs. 25,000.
•    Rice would be sold at Rs.1 per kg to benefit poor families.
 

INTERNATIONAL


Multinational Maritime Exercise ‘Aman 19’ commenced in Karachi.
•    The 5-day multinational maritime exercise ‘AMAN-19’ in which 46 nations participated from all over the world was formally commenced at Pakistan Navy Dockyard, with a colourful flag hosting ceremony.
•    Pakistan’s Naval Chief, Admiral Zafar Mahmood Abbasi welcomed the participations of Exercise AMAN-19, the 6th episode of the AMAN initiative.
•    Principal aim to conduct this exercise is to facilitate a forum of understanding of each other’s maritime concepts and operation cultures and to produce ways and means to confront common threat at sea.
•    Commander Pakistan fleet, Vice Admiral Muhammad Amjad Khan Niazi genially welcomed the eminent participating nations for a mutual resolve with motto “Together for Peace”.
•    The exercise will have 2 phases- Harbour phase and sea phase.
 

BANKING AND FINANCE


Asian Development Bank raised $100 million in international market.
•    On 8th February 2019, The Asian Development Bank raised $100 million from peso-linked bonds in the international market. It was their maiden issue of Philippine peso.
•    The move will help to reduce foreign exchange risk for ADB’s borrowers and support its growing local currency lending operations in Philippines.
•    J P Morgan was the sole lead manager and bonds were fully placed with institutional investors in Asia, Europe and the Americas.
•    Earlier in 2005 and 2007 ADB issued bond in the Philippine domestic capital market but it was the first time to mobilize Philippine peso funding from international investors through a currency linked structure.
•    ADB is an international development finance institution and a regional development bank with a motto to fighting poverty in Asia and the Pacific.


RBI Doubles the limit of bulk deposits from Rs. 1 crore to Rs 2 Crore.
•    On 7th February 2019, Reserve Bank of India decided to treat deposits to over Rs.2 crore as ‘bulk’ as they doubled the limit for the same from the earlier Rs.1crore. This move will enhance operational freedom of Banks.
•     RBI also proposed banks would maintain their bulk deposits interest rate cards in the core banking system for supervisory review.
•    The right to offer differential rate of interest in bulk deposits as per their requirements and Asset Liability Management (ALM) projections is vested with banks.
•     For a similar maturity period interest rate on bulk deposits are marginally higher than smaller amount fixed deposits.
•    National Federation of Urban Cooperative Banks and Credit Societies Limited (NAFCUB) has suggested this proposal.
•    The decision in proposal for setting up an Umbrella Organization (UO) for urban cooperative banks in pending with RBI.


RBI fines Allahabad Bank Rs 1.5 crore for not monitoring fund use, fraud reporting delay.
•    On Feb. 8 2019, Allahabad Bank said the Reserve Bank of India (RBI) has imposed a penalty of Rs 1.5 crore on them for not monitoring end use of funds, delay in classification and reporting of fraud and non-adherence with RBI guidelines during restructuring of accounts in respect of one of its borrowers.
 

BUSINESS AND ECONOMY


Himachal’s growth rate projected at 7.3% in current financial year.
•    Economic Survey Report for 2018-19 has projected the growth rate in Himachal Pradesh to be around 7.3% for the current financial year, 2018-19, while the per capita income is estimated at Rs 1, 76,968. Economic growth was 6.5% in the last fiscal, highest in last 3 years.
•    Gross State Domestic Product (GSDP) in current fiscal has increased to Rs 1, 36,542 crore and estimated to be about Rs 1, 51,835 crore in 2018-19.
 

AWARDS AND RECOGNIZATION


Yes Bank wins the Aegis Graham Bell Award 2018 for ‘Innovation in Data Science’.
•    On Feb. 1 2019, Aegis Graham Bell Award 2018 announced Yes Bank as winner in ‘Innovation in Data Science’ category for their industry-first project ‘Yes EEE (Engage Enrich Excel)’ at Panaji, Goa. It was hosted by the Government of Goa.

Sena Medals awarded to 92 army men, including Lance Naik Wani.
•    Lieutenant General Ranbir Singh, GOC-in-C (General Officer Commanding), Northern Command, presented Gallantry and Distinguished Service Awards to army officers, other ranks and next of kin (for posthumous awards).
•    The army commander presented 1 Bar to Sena Medal (Gallantry), 76 Sena Medals (Gallantry), 7 Sena Medals (Distinguished) and 8 Vishist Seva Medals.
•    Lance Naik Wani was conferred with the Bar to Sena Medal (Gallantry), received by his wife on his behalf. The brave soldier had sacrificed his life while combating terrorists at Batagund Village in Jammu & Kashmir in November 2018.
•    20 units were also awarded for their overall outstanding performance in the Command Theatre in the year 2018.
 

APPOINTMENTS AND RESIGNATION


Radheyshyam Julaniya to replace Rahul Bhatnagar as Union Sports Secretary.
•    IAS officer (Madhya Pradesh cadre), Radheyshyam Julaniya will replace Rahul Bhatnagar as the Union Sports Secretary.
•    Bhatnagar has been released by the Sports Ministry and is set to join the Ministry on Panchayati Raj.
•    Notable achievements of the Sports Ministry during the tenure of Mr. Rahul Bhatnagar include opening of the National Sports University, Khelo India Youth Games, hosting international tournaments like Hockey World Cup in Bhubaneshwar and World Women’s Boxing Championship in New Delhi.
 

SCIENCE AND TECHNOLOGY


Helicopter-launched anti-tank missile ‘Helina’ test-fired in Balasore, Odisha.
•    India test-fired Helina, a helicopter-launched version of the Nag anti-tank guided missile, with a hit range of 7-8 km, from the Odisha Coast on Friday.
•    Helina was launched from an Army chopper and the weapon system was tested for its full range at 12:55 PM near the Integrated Test Range in Chandipur in the Balasore District of Odisha.
•    Developed by the Defence Research and Development Organisation (DRDO), Helina is said to be one of the most advanced anti-tank weapons in the world. It is guided by an Infrared Imaging Seeker (IIR) operating in the lock-on-before-launch mode.
 

SPORTS


Rohit Sharma becomes 1st Indian to smash 100 sixes in T20 Cricket.
•    Indian opener Rohit Sharma became the first man from his country to smash a century of sixes in T20I cricket in the second T20 between India and New Zealand held in Eden Park in New Zealand.
•    He made his T20I debut against England but played his first innings against South Africa in 2007 T20I.
•    Rohit Sharma surpassed Martin Guptill to become the highest scorer in T20 Internationals with 102 sixes.


Ricky Ponting has been appointed the assistant coach of Australia for 2019 World Cup.
•    On 8th February 2019, Cricket Australia appointed Ricky Ponting as assistant coach for Australia’s cricket team for 2019 World Cup. He had won world cup for three times.
•    The main coach for Australian Cricket team is Justin Langer. Ponting was appointed after David Saker’s resignation from the post.
•    Ricky Ponting worked as assistant for Australia’s T20 in 2017 and 2018. The current batting coach for the team is Graeme Hicks.
•    ICC Cricket World Cup 2019 Scheduled to be hosted by England and Wales from 30th May to 14th July 2019.
•    Ponting play 375 ODI’s and 168 tests for Australia. He won the World Cup for the 1st time in 1999 before captaining and in 2003 and in 2003 and 2007.
 

OBITUARY


British actor Albert Finney, five time Oscar nominee died at age of 82.
•    On February 9, 2019, five time Oscar nominated actor Albert Finney died at the age of 82 due to chest infection in London.
•    The veteran actor was best known for his roles in Tom Jones, Erin Brockovich and Annie.
 

Read More
Read Less