Daily Current Affairs – 14 February 2020

Daily Current Affairs – 14 February 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

Piyush Goyal inaugurates Kolkata’s East-West Metro line

  • Union Railway Minister Piyush Goyal inaugurated the first phase of “East-West Metro line” which is Kolkata’s second metro line.
  • The phase 1 of the East-West Metro corridor is a 5.3 kms long stretch with 6 elevated stations and executed by Kolkata Metro Rail Corporation Limited (KMRCL).

Pravasi Bhartiya Kendra in New Delhi renamed as Sushma Swaraj Bhawan

  • Government has decided to rename Pravasi Bhartiya Kendra in New Delhi as Sushma Swaraj Bhawan and Foreign Service Institute in the national capital as Sushma Swaraj Institute of Foreign Service.
  • The announcement was made by the Ministry of External Affairs on the eve of the birth anniversary of Mrs Swaraj and in the honour of the legacy and decades of public service of the former External Affairs Minister.

Tamil Nadu CM inaugurates SCF cricket ground in Salem

  • Tamil Nadu Chief Minister Edappadi Palaniswami inaugurated the Salem Cricket Foundation (SCF) cricket ground in Valapadi, Salem in Tamil Nadu.
  • The ground was built on behalf of Salem Cricket Foundation. Cricketer Rahul Dravid, TN Cricket Association head Rupa Gurunath and BCCI former head Srinivasan attended the inauguration.

E-Cigarettes Banned Across All Indian Airports and Aircrafts – Aviation Security Regulator

  • Aviation security regulator BCAS has banned e-cigarettes and similar products on all airports and aircraft in India, according to an official document.
  • “Upon the prohibition of electronic-cigarettes by the Ministry of Health and Family Welfare, it has been decided that e-cigarettes include all forms of electronic nicotine delivery system (ENDS), heat not burn products, e-hookah and the like devices,” stated the Bureau of Civil Aviation Security circular dated January 10.
  • Distribution, sale, storage and advertisement of such products is prohibited on any airport premises or any aircraft departing or arriving in India, the regulator added.
  • In September last year, the Central government banned production, sale and import of e-cigarettes and similar products citing health risk to people, especially the youth.
  • The government imposed the ban under the Prohibition of Electronic Cigarettes (Production, Manufacture, Import, Export, Transport, Sale, Distribution, Storage and Advertisement) Act, which was passed in December 2019.

PM Modi to hold talks with Portuguese President in New Delhi

  • Prime Minister Narendra Modi will hold delegation-level talks with President of Portugal Marcelo Rebelo de Sousa in New Delhi.
  • The visiting dignitary will meet President Ram Nath Kovind at Rashtrapati Bhavan who will host a banquet in his honour. Vice President M Venkaiah Naidu will also call on the Portuguese President.
  • The visiting dignitary will be accorded a ceremonial welcome at Rashtrapati Bhavan.
  • He will also visit Mahatma Gandhi’s samadhi Rajghat.
  • Mr de Sousa arrived in New Delhi on a four-day visit to India. This is President Marcelo’s first visit to India. The last visit by a President of Portugal to India was in 2007.
  • During his visit, Portuguese President will also travel to Maharashtra and Goa. India’s relations with Portugal are marked by warmth and friendship and have assumed dynamism in recent years.

International News

Thai Princess Maha Chakri Sirindhorn visits Indian Military Academy

  • Princess Maha Chakri Sirindhorn of Thailand visited the Indian Military Academy to strengthen engagement and defence cooperation between the two countries.
  • She was accompanied by a 20-member delegation of Thai diplomats and senior dignitaries.
  • The 64-year-old princess interacted with IMA Commandant Lt Gen J S Negi and held a range of discussions on training and administrative aspects of the prestigious institution.
  • Princess Sirindhorn has also been an instructor and teaches history at Chulachomklao Royal Military Academy (CRMA).
  • CRMA is the military academy of Thailand Army that has graduated many of the southeast Asian nation’s rulers, including its current Prime Minister Prayuth Chan-o-cha.

BANKING & FINANCE

IndusInd Bank tops list of ‘Highest increase in brand value’

  • According to ‘The Banker’s Top 500 Banking Brands 2020’ report, IndusInd Bank has topped the list of ‘Highest increase in brand value’ among global banks.
  • The brand value of Induslnd Bank has increased by 122% over the past 12 months, making it the highest placed for growth in brand value, across the globe.
  • As a part of the report, the list “Top 50 By Total Brand Value by Country” has been topped by China, followed by United States (US) at 2nd position while Canada and the United Kingdom (UK) ranked at 3rd and 4th spots. Japan has moved up to the fifth spot.
  • India ranked 8th in this list in comparison to 10th place in 2019.

15th Finance Commission forms panel on defence, internal security funding

  • The Fifteenth Finance Commission has constituted a five member group on Defence and Internal Security.
  • The chairman of the commission K. Singh will head the group. Home Secretary and Defence Secretary will be the members of the group among others.
  • The panel will examine whether a separate mechanism for funding of defence and internal security ought to be set up, and if so, how such a mechanism could be operationalised.

15th Finance Commission forms panel on defence, internal security funding

  • The Fifteenth Finance Commission has constituted a five member group on Defence and Internal Security.
  • The chairman of the commission K. Singh will head the group. Home Secretary and Defence Secretary will be the members of the group among others.
  • The panel will examine whether a separate mechanism for funding of defence and internal security ought to be set up, and if so, how such a mechanism could be sensationalized.

RBI to conduct Rs. 2.25-lakh cr reverse repo auction

  • The RBI will seek to mop up a whopping ₹25-lakh crore via a 14-day variable rate reverse repo auction under its revised Liquidity Management Framework, which was unveiled on February 6.
  • This move shows the banking system is awash with liquidity and comes amid rising inflationary pressures.

EIU lowers global growth forecast for 2020

  • The Economist Intelligence Unit has revised downwards its global growth forecast for 2020 to 2.2% from 2.3%.
  • This impact because of Novel coronavirus outbreak in China and also the virus starts spreading globally.
  • The virus originated in Wuhan, a city of around 11.3 million people in central Hubei province, China, and has spread to most provinces in mainland China and overseas.

Summit & Conference

New Delhi to host “National Organic Food Festival” for women entrepreneurs

  • The National Organic Food Festival is going to be held for women entrepreneurs in New Delhi.
  • The festival will be jointly organised by the Ministry of Women and Child Development (MoWCD) and Ministry of Food Processing Industries (MoFPI).
  • The festival will be held with the theme of “Unleashing India’s Organic Market Potential”.

New Delhi hosts “Conference on Combating Drug Trafficking”

  • The Narcotics Control Bureau (NCB) has organised the two days BIMSTEC’s Conference on Combating Drug Trafficking in New Delhi.
  • The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) conference was inaugurated by the Union Minister for Home Affairs.

Appointment

Rishi Sunak appointed as UK’s new Finance Minister

  • Rishi Sunak has been appointed as the Finance Minister of the United Kingdom.
  • He will replace Pakistani Chancellor Sajid Javid.
  • Now three Indian origin Members of Parliament are a part of Britain’s most diverse cabinet led by UK Prime Minister Boris Johnson.
  • Along with Rishi Sunak, Priti Patel has been appointed as the Home Minister and Alok Sharma has been appointed as the Business Secretary in the British Cabinet.

Robin Singh appointed as UAE’s director of cricket

  • Former Indian Cricket all-rounder Robin Singh was appointed as director of cricket of the United Arab Emirates.
  • He was appointed by Emirates Cricket Board after the dismissal of head coach Douglas Robert Brown.
  • Robin Singh represented India for 1 test and 136 ODIs (One Day International) between 1989 & 2001.

Atul Kumar Gupta is the new ICAI President

  • Atul Kumar Gupta will be the new President of the Institute of Chartered Accountants (ICAI) for the year 2020-21.
  • Nihar Niranjan Jambusaria has been elected as the Vice President of the ICAI for 2020-21.
  • They were elected at a meeting of the central council in New Delhi.

Ajay Patel new AICF president, Bharat Singh Chauhan Secretary

  • Five people were declared unopposed for various posts by the returning officer for the All-India Chess Federation (AICF) elections.
  • Ajay Patel has been elected as president, Bharat Singh Chauhan as secretary, Naresh Sharma as treasurer, M Arun Singh as joint secretary and Vipnesh Bharadwaj as vice-president, Returning Officer for AICF elections.
  • The AICF is split into two camps, one headed by P R Venketrama Raja, the president and one led by Chauhan. Those elected belong to the Chauhan faction.

Indian-origin UK Minister Alok Sharma to lead UN climate summit

  • Indian-origin Alok Sharma was named the new UK Minister in charge of the crunch UN climate talks to be hosted by Britain at This November.
  • Agra-born Sharma has been promoted to the post of Secretary of State for Business, Energy and Industrial Strategy in UK Prime Minister Boris Johnson’s Cabinet reshuffle.
  • He will take charge of the crucial summit ‘COP26′ as its former president was removed amid controversy just weeks ago.

Senior IAS officer Debasish Panda appointed finance secretary

  • Senior IAS officer Debasish Panda was appointed as the new finance secretary, according to a Personnel Ministry order
  • Panda, a 1987-batch IAS officer of the Uttar Pradesh cadre, is at present special secretary, department of financial services.
  • The Appointments Committee of the Cabinet has approved his appointment as secretary, department of financial services, in place of Rajiv Kumar, who superannuates this month-end.

Award

FIH honours Manpreet Singh with FIH Men’s Player of the Year 2019 award

  • The International Hockey Federation (FIH) has awarded Indian men’s hockey team captain & midfielder Manpreet Singh with “Player of the Year for 2019” award.
  • India’s another midfielder Vivek Sagar Prasad has also won the “FIH Male Rising Star of the Year” award.

President Ram Nath Kovind presented thePresident’s Colour to INS Shivaji in Lonavala, Maharashtra.

  • INS Shivaji houses the Naval College of Engineering which trains officers of the Indian Navy and the Indian Coast Guard.
  • The Station has rendered 75 years of service to the country by providing training to the personnel from Coast Guard, Indian Navy and also for Naval personnel from other countries.
  • The Courses at INS Shivaji are conducted by AICTE (All India Council for Technical Education).

Science & Technology

OneWeb: London start-up launches first big batch of satellites

  • The UK-based OneWeb company has sent 34 satellites into orbit on a single Soyuz rocket from Baikonur in Kazakhstan.
  • The start-up is building a mega-constellation in the sky to deliver broadband internet to all corners of the globe.
  • Six spacecraft were lofted in 2019 to prove the technology, but this year will see big batches of platforms going up on a near monthly basis.
  • The aim is to have the full network in operation by the end of 2021.
  • OneWeb is in a race with a number of other companies that want to provide the same kind of service.

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