Daily Current Affairs – 1 March 2020

Daily Current Affairs – 1 March 2020

Daily Current Affairs :- Current Affairs section is the most important part of almost every competitive exam whether be it SSC, Banking , Insurance or State PCS examination. In this post candidates will find the important national and international news from the exam point of view. These news are incorporated from different sources like The Hindu newspaper , The Indian express and Press information Bureau (PIB).Here, is the current affairs for 17 January 2020.


National News

World Defence Day is celebrated on 1 March

  • The day is observed to raise awareness of public protection from natural and technogenic disasters and rescue service work.
  • History: World Civil Defense Day was instituted by the International Civil Defense Organization (ICDO) General Assembly in 1990.
  • It commemorates the day when the ICDO Constitution came into force as an intergovernmental organization in 1972.

Zero Discrimination Day is observed on 1 March

  • The day promotes diversity and recognizes that everyone counts.
  • The symbol for Zero Discrimination Day is the butterfly.
  • It is used by people to share their stories and photos as a way to end discrimination and work towards positive transformation.

Punjab to reduce government employees retirement age to 58 years

  • Punjab State government announced major changes in the 2020-21 budget.
  • The budget announcement was made by Punjab Finance Minister Manpreet Singh Badal.
  • He presented a Rs.1,54,805 crore budget in the state Assembly.
  • It has reduced the government employees’ retirement age from 60 to 58.
  • It also introduced a scheme for free education for all students up to Class 12.
  • The state announced a debt waiver for landless farmers. The budget allocated Rs.100 crore for giving 10 lakh free smartphones to the youth.

BANKING & FINANCE

RBI introduced 12 indicators for calculating India’s growth by paper titled “Nowcasting Indian GDP growth using a Dynamic Factor Model”

  • Reserve Bank of India (RBI) has came up with a new method of calculating India’s growth through a Working Paper titled “Nowcasting Indian GDP growth using a Dynamic Factor Model” under the RBI Working Paper Series, introduced in March 2011.

Fiscal deficit reached 128.5% of budget estimate at end-January 2020

  • According to the the Controller General of Accounts (CGA) India’s fiscal deficit touched 128.5 per cent of the whole year budget target at January-end.

The deficit during the same period during 2018-19 was 121.5 per cent of that year’s Revised Budget Estimate.

  • The government had targeted to restrict the fiscal deficit at Rs 7,66,846 crore during the year ending March 31, 2020.
  • In actual terms, the fiscal deficit or gap between the expenditure and revenue stood at Rs 9,85,472 crore.

Bengaluru recorded 2019’s highest number of digital transactions while MH topped among states

  • Bengaluru accounted for the highest number of digital transactions in India in 2019, followed by Chennai, Mumbai and Pune, while United Payments Interface (UPI) was the most preferred mode of payment, said a new report by online payment processor Worldline India.
  • Maharashtra leads the pack among the top 10 states with the highest number of digital transactions
  • UPI was followed by debit cards, immediate payment service (IMPS), and credit cards, in terms of volume share of digital transactions

Appointment

RBI approved appointment of Sumant Kathpalia as MD &CEO of IndusInd Bank

  • The Reserve Bank of India has approved the appointment of Sumant Kathpalia as the Managing Director and Chief Executive Officer of IndusInd Bank.

Award

CM of Assam awarded 2020 Dr. Syama Prasad Mukherjee award

  • Chief Minister of Assam Shri Sarbananda Sonowal was conferred the Dr. Syama Prasad Mukherjee award 2020 for Politics on 28 February.
  • The award was conferred by the External Affairs Minister S Jaishankar and Speaker of People’s Majlis of Maldives Mohamed Nasheed at the 6th India Ideas Conclave in Gujarat.
  • He was awarded for his work in integrating the nation and to take Mukherjee’s vision and philosophy forward.

Sreekar Prasad enters Limca Book of Records for editing films in 17 languages

  • Veteran editor Sreekar Prasad has entered the Limca Book of Records for ‘films edited in most number of languages’.
  • He has edited films in 17 languages, namely Tamil, English, Hindi, Telugu, Malayalam, Kannada, Odia, Bengali, Assamese, Punjabi, Nepali, Marathi, Sinhalese, Karbi, Mishing, Bodo, and Pangchenpa

Science & Technology

Astronomers discovered 17 new planets

  • Columbia researchers have discovered 17 new planets by combing through data gathered by NASA’s Kepler space telescope.
  • The planets include a potentially habitable Earth-sized world.
  • The researchers looked for planets, especially those lying in the potentially habitable “Goldilocks Zone” of their stars, where liquid water could exist on a rocky planet’s surface.
  • Over 16 new planets were discovered.
  • The smallest is only two- thirds the size of the Earth one of the smallest planets to be found with Kepler data so far.
  • The remaining planets range in size up to eight times the size of the Earth.

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