Daily Current Affairs – 8 February 2020

Daily Current Affairs – 8 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

Andhra Pradesh government has inaugurated Disha Police Station in Rajamahendravaram

  • The state government of Andhra Pradesh has launched the first Disha Police Station in Rajamahendravaram city to provide speedy justice for female victims of Sexual assault (rape), Sexual harassment and Protection of Children from Sexual Offences (POCSO) Act, 2012.

India-Central Asia business council launched

  • Initiative to boost business amid an economic slowdown, the Modi government and Federation of Indian Chambers of Commerce and Industry (FICCI) together launched India-Central Asia Business Council.
  • The nominated chambers from India, Kazakhstan, the Kyrgyz Republic, Tajikistan, Turkmenistan and Uzbekistan came together to formally declare their association to collaborate and provide an industry view to the governments of the six countries.
  • The Council will also share its recommendations on how to promote business in the region and with each other.

Madhya Pradesh to employ “Drones” for mapping of the villages

  • Madhya Pradesh government has entered into an agreement with the Survey of India to employ drones for mapping of villages.
  • The Survey of India is the India’s national mapping agency. Drones will be used for the mapping of 55 thousand villages of the state on a scale of 1:500.

Indian Army develops world’s first bulletproof helmet

  • World’s first bulletproof helmet has been developed by the Indian Army.
  • The bulletproof helmet can stop an AK-47 bullet round fired from a distance of 10 meters.
  • The Ballistic helmet is developed by An Indian Army Major Anoop Mishra.

Jammu and Kashmir government to announce horticulture policy

  • Jammu and Kashmir government will announce a horticulture policy to tackle upcoming marketing challenges and increase the production manifold.
  • The Policy will focus to increase production and tackle climate change, given the unique temperature of this place.
  • Mr Lone informed that this Horticulture Policy will help increase horticulture revenue in Jammu and Kashmir from current 8,000 crore rupees to 50,000 crore rupees per annum.
  • Horticulture is one of the important sectors which contributes immensely to strengthen the financial condition of Jammu and Kashmir, as well as in employment generation.
  • Horticulture is a source of livelihood for 33 lakh population in the Union Territory of Jammu and Kashmir. About seven lakh families are directly or indirectly involved and depend on the Horticulture sector.

International News

US India’s preferred trade partner in journey to be $5 trn economy: Envoy

  • America is India’s preferred trade and business partner in its journey to become a USD 5 trillion economy by 2024, the country’s new envoy to the US Taranjit Singh Sandhu has stated.
  • Addressing a gathering of American business community at a reception hosted in his honour by US-India Strategic and Partnership Forum, Sandhu stated that the potential for cooperation between the United States and India is limitless.
  • He futher added that Prime Minister Narendra Modi has set the goal for India to grow from a USD 3 trillion economy to a USD 5 trillion economy by 2024 and a USD 10 trillion economy by 2030.

BANKING & FINANCE

RBI to conduct first repo operation on February 17 for Rs 25,000 crore

  • The Reserve Bank of India (RBI) will begin the first tranche of its long-term repo operations on February 17 with three-year repo of Rs 25,000 crore, followed by another on February 24 for an equal amount.
  • The operations date is announced a day after the RBI’s monetary policy wherein it said long-term repos aggregating up to Rs 1 lakh crore will be conducted in tranches from mid-February to ease liquidity in the system.
  • The RBI move is aimed at providing cheaper money to banks at the repo rate and, thus, improve liquidity in the banking system.

Minimum net worth for pension fund managers has been raised to Rs 50 cr by PFRDA

  • The minimum net worth criterion for pension fund managers has been raised from Rs 25 crore to Rs 50 crore by the Pension Fund Regulatory and Development Authority (PFRDA).
  • This will bring pension funds on par with mutual funds which have to meet a minimum net worth requirement of Rs 50 crores as per Securities and Exchange Board of India (SEBI) rules.

LIC new biz premium crosses Rs 1.5L-cr-mark

  • Life Insurance Corporation (LIC) stated its new business premium has crossed the 5-lakh-crore-mark for the first time, helping the national insurer improve market share to 77.61 per cent.
  • Its’s total income grew by 17.79 per cent to Rs2,97,017.28 crore as of September 2019 from Rs2,52,149.60 crore a year ago, chairman MR Kumar said.
  • Total assets of the corporation increased by 7.92 per cent to Rs32,25,905.42 crore as of September 2019 from Rs29,89,276.53 crore, he added.
  • The milestone was led by first year individual new premium, which as of January has expanded by 17.48 per cent, while the number of new policies sold jumped 29.42 per cent to Rs45,199 crore, taking the total policies sold to 1,95,85,635.

WhatsApp receives NPCI’s approval to expand its UPI project to 10 million users

  • The instatnt messaging platform “WhatsApp” has received the National Payments Corporation of India’s approval to expand its Unified Payment Interface (UPI) services to 10 million users through “WhatsApp Pay”.

Appointment

C N R Nair has been appointed by Supreme Court to make inventory of ornaments at Sabarimala temple

  • The Supreme Court appointed retired Kerala High Court judge C N Ramachandaran Nair to prepare an inventory and valuation report of ornaments of Lord Ayyappa of Sabarimala temple. Different sects of the Pandalam Royal family have claimed those ornaments.
  • A bench of Justices N V Ramana, Ajay Rastogi and V Ramasubramanian also requested Attorney General K K Venugopal, appearing for the Kerala government, to use his good office in finding an amicable resolution to ongoing dispute between warring faction of the royal family.

Britain appoints Karen Pierce as next ambassador to U.S.

  • Britain appointed its current UN envoy Karen Pierce as the next ambassador to the United States.
  • Britain’s previous top diplomat in Washington Kim Darroch had resigned last year over his controversial comments on US President Donald Trump in leaked diplomatic cables.

Philip Barton appointed Britain’s new High Commissioner to India

  • Britain appointed career diplomat Philip Barton as its High Commissioner to India to succeed Dominic Asquith.
  • Barton will take up his appointment during Spring 2020, a statement from the Foreign and Commonwealth Office (FCO) stated.
  • Barton was the Director General, Consular and Security at the Foreign and Commonwealth Office from April 2017 until January 2020.

Award

Sridhar Vembu, Kiran Majumdar Shaw, Keshav Murugesh among 17 shortlisted for EY award

  • EY has announced 17 finalists for the Entrepreneur of the Year – India (EOY) 2019 Awards.
  • Sridhar Vembu, Kiran Majumdar Shaw, Keshav Murugesh were among the 17 people in the shortlist for the EY Entrepreneur of the Year Award.
  • The finalists were selected from among 225 nominations, and will be felicitated on 19 February in New Delhi.

Science & Technology

NASA’s Astronaut Christina Koch comes back to Earth after record stay in space

  • Christina Koch, National Aeronautics and Space Administration (NASA)’s astronaut has returned to earth.
  • She stayed on the International Space Station for 328 days and has surpassed Peggy Whitson’s record for an American woman on a single spaceflight at 289 days.

IIT Madras to join hands with AIIMS Mangalagiri for quality healthcare delivery

  • The Indian Institute of Technology (IIT) Madras will join hands with AIIMS Mangalagiri on affordable future technological solutions in multiple areas such as patient safety and quality healthcare.
  • The Institute stated that the partnership between these institutions would also feature academic and research collaborations in areas of mutual interest, exchange of scholarly information, students and faculty besides sponsorship of joint seminars, workshops, health and wellness projects of high impact.

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