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Important Current Affairs 5th February 2020

National

India’s biggest rural technical festival ‘Antahpragnya 2020’ held in Telangana

• Collector of Nirmal inaugurated National Level India’s Biggest Rural Technical Festival titled Antahpragnya 2020 in the state of Telangana at Rajiv Gandhi University of Knowledge Technologies-Basar (RGUKT-Basar).

• Rural areas cannot afford to miss the development bus. Most of the developments in the two lakh years have taken place in the last century.

• The fest showcases 300 prototypes, working models, exhibits and technologies such as automatic switch for water, homemade electricity, smoke absorber, automatic street lighting system, smart dustbins, zero budget farming, automatic irrigation and others.

India hosts Defence dialogue between India and South Korea

• Ministerial-level Defence dialogue between India and South Korea was held in New Delhi today. Defence Minister Rajnath Singh and Minister of National Defence of South Korea Jeong Kyeong-doo held the meeting.

• The theme of DefExpo-2020 in Lucknow is ‘Digital Transformation of Defence’ and India and South Korea recognize the influence of Artificial Intelligence and digital technology in defence sector.

Indian Government unveils new vaccine to control classical swine fever

• The government of India unveiled a new indigenously developed vaccine for controlling classical swine fever (CSF). CSF is a highly contagious fatal pig disease.

• The new vaccine, developed by Uttar Pradesh-based Indian Council of Agricultural Research (ICAR)-Indian Veterinary Research Institute (IVRI), will be much cheaper than the existing one.

 Banking and Economy

Union Cabinet Approves Amendments to Banking Regulation Act to regulate co-operative banks

• The Union Cabinet has given its approval to bring cooperative banks under the regulatory mechanism of Reserve Bank of India.

• The cabinet approved amendments to the Banking Regulation Act on February 5, 2020, thus allowing multi-state cooperative banks to come under the regulation of the RBI.

• The announcement was made by Information and Broadcasting Minister Prakash Javadkar after a cabinet meeting.

• The 1,540 cooperative banks with 8.6 crore depositors’ money, with around Rs. 5 lakh crore deposits in the country and the proposed amendment will protect the depositors.

• a. The Banking Regulation Act, 1949 is legislation in India that regulates all banking firms.

b. Shaktikanta Das is the 25th governor of the Reserve Bank of India.

Union Govt plans to raise funds through LIC IPO

• Finance Minister Nirmala Sitharaman that union government plans to sell a partial stake in LIC through IPO or an initial public offer.

• The union budget she proposed that the government will sell its stake in IDBI Bank to private investors and also amend the Banking Regulation Act to strengthen co-op banks.

• The finance minister that the deposit insurance coverage against bank failure will be increased to Rs 5 lakh from Rs 1 lakh.

• She proposed to expand exchange-traded funds by floating a Debt ETF, consisting primarily of government securities.

LIC: Life Insurance Corporation of India is an Indian state-owned insurance group and investment corporation owned by the Government of India. The Life Insurance Corporation of India was founded in 1956 when the Parliament of India passed the Life Insurance of India Act that nationalised the insurance industry in India.

Headquarters: Mumbai

Owner: Government of India (100%)

Founder: Government of India

Founded: 1 September 1956

Awards

Vinod Shukla bags first Mathrubhumi Book of the Year award

• Noted Hindi poet-novelist and Sahitya Akademi honouree Vinod Kumar Shukla has bagged the inaugural Mathrubhumi Book of the Year award for his translated book “Blue Is Like Blue“.

• The stories in “Blue Is Like Blue”, translated into English by Arvind Krishna Mehrotra and Sara Rai, deal with common people and their daily struggles.

Obituary

Veteran Odia poet Rabi Singh passes away

• Renowned Odia poet Rabi Singh passed away. He was 89.

• The revolutionary poet had received many awards for his contribution to Odia literature.

• He received Atibadi Jagannath Das Samman in the year 2017.

Sports

Sourav Ganguly will be the 'Goodwill Ambassador' of India in the Tokyo Olympic Games 2020

• The recently appointed BCCI President, Sourav Ganguly has been invited by the Indian Olympic Association to be the 'Goodwill Ambassador' of India in the Tokyo Olympic Games 2020.

•  Sourav Ganguly, known in his hometown as the Prince of Calcutta is one of the most respected sports icons in the entire country

Appointment

Amitabh Bhatt the New CEO (Bangalore Complex) at HAL

• Amitabh Bhatt has taken over as Chief Executive Officer of Bengaluru-headquartered safeguard PSU, Hindustan Aeronautics Limited’s Bangalore Complex.

• Prior, he was serving as Executive Director of Light Utility Helicopter (LUH) venture in HAL.

• Bhatt is a Post Graduate in Management and earlier served in SKF India Limited for a long time before joining Hindustan Aeronautics Limited.

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Important Current Affairs 25th January 2020

National

India’s First War Memorial for Service Animals to come up in Meerut, Uttar Pradesh

•The Government of India has planned to set up a first-of-its-kind war memorial for service animals in Meerut city of Uttar Pradesh.

•The memorial will be set up at the army’s specialized breeding, rearing and training centre for animals: the Remount and Veterinary Corps (RVC) Centre and College in Meerut.

•It will be similar to the National War Memorial in Delhi, but on smaller scale.

•India’s first war memorial for animals including dogs, horses and mules will be dedicated to the contributions and heroics of animals who lost their lives in counter-insurgency operations in Kashmir and in the battlefield during the Kargil War, while helping the Army.

India & Brazil Signs 15 Pacts to Boost Strategic Ties

• President of Brazil Jair Messias Bolsonaro arrived in New Delhi on 24 January 2020 on four-day state visit to India.

• He is also the chief guest at the 2020 Republic Day of India celebrations.

• Brazilian President Jair Messias Bolsonaro and Prime Minister Narendra Modi inked 15 agreements on 25 January to boost cooperation in a wide range of areas between the two countries.

• List of MoUs Signed Include:

1) MoU on Bioenergy Cooperation

2) MoU for Cooperation in the field of Oil and Natural Gas

3) Investment Cooperation and Facilitation Treaty 

4) Agreement on Mutual Legal Assistance in Criminal Matters

5) MoU in the field of Early Childhood

6) MoU on Cooperation in the field of Health and Medicine

7) MoU in the field of Traditional Systems of Medicine and Homeopathy.

8) Cultural Exchange Programme for the period 2020-2024

9) Agreement on Social Security

10) MoU on Cooperation between the Indian Computer Emergency Response Team (CERT-In), Ministry of Electronics and Information Technology (MEITY) of India and the General Coordination of Network Incident Treatment Centre, Department of Information Security, Institutional Security, Cabinet of the Presidency of Brazil (CGCTIR/DSI/GSI) on cooperation in the area of Cyber Security

11) Programme of Scientific and Technological Cooperation for implementing the agreement on scientific and technological cooperation for the period 2020-2023

12) MoU on Cooperation in the field of Geology and Mineral Resources

13) MoU between Invest India and the Brazilian Trade and Investment Promotion Agency

14) Joint Declaration of Intent (DoI) for Cooperation in the fields of Animal Husbandry and Dairying

15) MoU for establishing a nodal institution in India to carry out research on Bioenergy

CJI S.A. Bobde Inaugurates All India Members’ Conference of the Income Tax Appellate Tribunal in New Delhi

• The Chief Justice of India, Justice S.A. Bobde, inaugurated the All India Members’ Conference of the Income Tax Appellate Tribunal (ITAT) in New Delhi on 24 January 2020.

• The two day event was held as a part of the 79th Foundation Day Celebrations of ITAT.

• India’s Income Tax Appellate Tribunal (ITAT) was set up on 25 January 1941.

• ITAT functions under the Department of Legal Affairs in the Ministry of Law and Justice.

Banking and Economy

World Bank Approves USD 210 Million Loan for Maharashtra Agribusiness and Rural Transformation Project

• The Government of India and the Government of Maharashtra has signed a USD 210 million loan agreement with the World Bank. The loan agreement has been signed for Maharashtra Agribusiness and Rural Transformation Project.

• The USD 210 million loan will be funded by the International Bank for Reconstruction and Development (IBRD), having a 6-year grace period with a maturity period of 13.5 years.

Switzerland Mints World’s Smallest Gold Coin; Features Albert Einstein

• In Switzerland, State-owned Swissmint has minted world’s smallest gold coin measuring 2.96-millimeter (0.12-inches).

• The coin features the image of Albert Einstein sticking out his tongue.

• Swissmint has minted just 999 such coins.

• The size of the coin is 2.96-millimeter (0.12-inches).It weighs 0.063 grams (1/500th of an ounce).

• The coin has a nominal value of 1/4 Swiss francs (USD 0.26).

• It will be sold for 199 francs, along with a special magnifying glass so that owners can see the famous physicist on its face.

SUMMITS AND MOU’S

Election Commission of India to sign MoU with EC of Tunisia and Papua New Guinea

• The Election Commission of India has received the approval from the Union Cabinet to sign Memorandum of Understanding (MoU) with Papua New Guinea Electoral Commission and Independent High Authority for Elections of Tunisia. The MoU aims to enhance the cooperation in the field of electoral management and administration.

• The Union Cabinet chaired by Prime Minister Narendra Modi has also approved the agreements in the field of mutual Legal Assistance in Criminal Matters, cooperation in the field of early childhood care, oil and natural gas, and Geology and Mineral Resources between India and Brazil.

Ranking

India celebrates National Voters’ Day on 25th January

• In India, the National Voters’ Day is celebrated on 25 January every year in a bid to encourage more young voters to take part in the political process.

• The day is being observed since 2011 to mark the foundation day of Election Commission of India (ECI), formed on 25 January 1950, to overlook the smooth running of elections in India

• The theme of National Voters’ Day 2020 is ‘Electoral Literacy for a Stronger Democracy.’

National Tourism Day: 25 January

• The National Tourism Day is celebrated on 25th January in India every year to raise awareness about the importance of tourism for the country’s economy.

• The Indian government established the National Tourism Day to cultivate awareness among the global community on the importance of tourism and to demonstrate how it affects social, political, financial, cultural worth and economic values worldwide.

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Important Current Affairs 22nd January 2020

National 


Supreme Court forms committee to draft mediation law

•    The Supreme Court has set up a committee to firm up draft legislation to give legal sanctity to disputes settled through mediation. The panel, to be headed by mediator Niranjan Bhat.
•    The other members of the panel, appointed by the Mediation and Project Conciliation Committee (MCPC) of the Supreme Court, included Justice K Kanan, former ASGs AS Chandok and PS Narsimha, senior advocates Sriram Panchu and JP Singh, and senior mediators Susheela S, Sadhna Ramchandran, Laila Ollapally, and Anil Xavier.
•    Chief Justice of India: Sharad Arvind Bobde; Founded: 28th January 1950.

UP Govt launches Mukhyamantri Krishak Durghatna Kalyan Yojana
•    Uttar Pradesh Government has launched Mukhyamantri Krishak Durghatna Kalyan Yojana. This scheme will provide financial assistance to the family of farmers who die or become handicapped while working in fields.
•    government has also decided to implement Mukhyamantri Paryatan Samvardhan Yojana to boost tourism in state. under Mukhyamantri Paryatan Samvardhan Yojana one tourist point will be developed with a fund of 50 lakh rupees in each and every assembly segment of the state.

Coronavirus Triggers Fear in India: All You Need to Know
•    
The deadly spread of Coronavirus in China has caused panic in surrounding countries including India and Bangladesh. 
•    The Indian government has issued an advisory to people travelling to and from China.
•    Proper checking is being undertaken for those coming from China. The deadly virus was first detected in Wuhan, China.


International


Greece elects Katerina Sakellaropoulou as first female President
•    
Katerina Sakellaropoulou has been elected as the first woman President of Greece. She received majority votes cutting across party lines. 
•    She will succeed Prokopis Pavlopoulos and will be the first President who does not belong to any party. 
•    She has also Greece’s traditional norm of men mostly taking senior government positions. 


World Economic Forum 2020: US joins One Trillion Trees initiative, Greta Thunberg says emissions have to stop
•    
US President Donald Trump affirmed during the first day of the 50th World Economic Forum that the United States harbours the cleanest air and drinking water on Earth.
•    He also announced that the US will be joining the One Billion Trees initiative and continue to work towards restoring and growing forests and trees. 


Banking and Economy

Telecom department approves FDI limit in Bharti Airtel to 100%

•    The Telecom department of India has approved the Bharti Airtel Ltd to increase Foreign Direct Investment (FDI) in the company to 100%. 
•    The approval from the Telecom department will enable Singtel or Singapore Telecommunications Ltd to increase its stake in Bharti Airtel Ltd. Singapore Telecommunications Ltd currently owns 35% stake in Bharti Airtel.
•    Bharti Telecom is the single-largest shareholder in Bharti Airtel with about a 41% stake while Singtel owns 48% in Bharti Telecom, which provides it a 35% stake in Bharti Airtel.

RBI ranked 6th among central banks in buying gold abroad;China’s central bank tops
•    On January 15, 2020 India’s central bank i.e., the Reserve Bank of India (RBI) has been ranked 6th largest buyer of sovereign gold abroad after it purchased 25.2 tonnes in the first 10 months of 2019 according to World Gold Council(WGC) report titled “Outlook 2020: Global economic trends and their impact on gold”. 
•    The central banks of China, Russia, Kazakhstan, Turkey and Poland have purchased more gold than India in 2019.

Sports

Celebrated wrestler Yogeshwar Dutt and Paralympian Deepa Malik inducted in AlCS

•    Celebrated wrestler Yogeshwar Dutt and Paralympian Deepa Malik are among the new inductees in the government's All India Council of Sports (AICS).
•    It is an advisory body to the Ministry of Youth Affairs and Sports which was formed in 2015 by the  then Sports Minister Sarbananda Sonowal.
•    Its term has also been extended by three years and it will continue to be led by veteran sports administrator V K Malhotra as President.
•    Some other renowned new entrants in the Council are former shooter Anjali Bhagwat, footballer Renedy Singh, and mountaineer Bachendri Pal. Senior India off-spinner Harbhajan Singh has also been inducted in the council. 


 

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