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CURRENT AFFAIRS FOR ALL JOBS FEB 2019
Guard, in order to secure and extend American
INTERNATIONAL
dominance of the space domain.
Muhammadu Buhari Re-Elected
Cobra Gold Military Exercises held in
Nigerian President
Thailand
Muhammadu Buhari was re-elected Nigeria’s
Thailand and the United States hosted the
President, results showed, after a delayed poll
annual Cobra Gold military exercise, the biggest
that angered voters and led to claims of rigging
activity of its type in the Asia-Pacific region with
and collusion. Buhari, 76, took an unassailable
29 nations taking part as participants or
lead of more than four million votes as the last
observers. Apart from the 2 countries, 7
states were yet to be declared, making it
countries who participated in the exercise were
impossible for his nearest rival, Atiku Abubakar,
India, Singapore, Japan, China, Indonesia,
to win.
Malaysia and South Korea.
President Bashir Declares Year-Long
Cuba votes on new constitution
Voters in Cuba took part in a referendum on a
State of Emergency in Sudan
new constitution that expands recognition of Sudanese President Omar al-Bashir has
private property. The referendum contained only declared a year-long state of emergency,
two options: yes or no to the new constitution. dissolving his cabinet and local governments
More than eight million were registered to voters. throughout the country. Omar al-Bashir in a
The new constitution, replacing the 1976 version, televised address called on Sudan’s parliament
recognises a limited role for the free market and to postpone constitutional amendments that
private investment, but only under the control of would allow him to run for another term in a
the Communist Party. presidential election in 2020.
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country celebrated the event with a flag-raising
Chris Gayle announces retirement ceremony marking its prospective – and
from One-day Internationals long-awaited – accession to NATO.
West Indian batsman Chris Gayle has Women with four children to get life tax
announced that he will retire from One-day
exemption in Hungary
Internationals after the forthcoming World Cup.
Hungarian Prime Minister Viktor Orban has said
The 39-year old left-hander has scored 9,727
that women in the country with four children or
ODI runs, second only to the legendary Brian
more will be exempted for life from paying
Lara among West Indians in 284 matches. He
income tax. The move aims at boosting the
needs 677 more runs to surpass Lara, he will be
country’s population. The PM said that this is a
hoping to achieve at his fifth World Cup.
way of defending Hungary's future without
depending on immigration.
Argentina becomes 72nd country to
sign solar agreement Egypt's President el-Sissi Elected as
Argentina became the 72nd country to sign the
the new chairman of African Union
Framework Agreement of the International Solar
Egypt's President Abdel Fattah el-Sisi took over
Alliance (ISA). The agreement was inked on the
as chair of the African Union (AU). The post
sidelines of the official three-day visit of
rotates annually between the five regions of the
Argentinian President Mauricio Macri to India by
continent. He is expected to focus on the fight
Argentina’s Foreign Minister Jorge Faurie in the
against armed groups on the continent and
presence of ISA’s Director-General Upendra
rebuilding efforts of countries recovering from
Tripathy.
conflict. Sisi takes the helm from Rwandan
India hiked the custom duty of President Paul Kagame, who focused on
Pakistan goods to 200 percent creating an Africa wide free-trade zone during his
After the Pulwama terror strike, the Union tenure.
government has hiked the basic customs duty on
all goods imported from the neighbouring country Macedonia signs accord to join NATO
to 200% with immediate effect. This comes after Macedonia signed an accord to join NATO to
India revoked the 'Most Favoured Nation' (MFN) become the 30th member of the US-led alliance.
status to Pakistan on February 15 following the At a formal signing of the NATO accession
Pulwama terror strike, that killed 40 CRPF protocol, Macedonia’s Foreign Minister Nikola
personnel. The two main items imported from Dimitrov hailed the moment as showing that the
Pakistan are fruits and cement, on which the country will never walk alone once in the
current customs duty is 30-50% and 7.5%, alliance.
respectively.
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Cory Booker to run for the 2020 India to stop its share of water flowing
presidential election into Pakistan
U.S. Senator Cory Booker, who gained national The Minister of Water Resources, River
prominence in the fight over Supreme Court Development & Ganga Rejuvenation, Nitin
Justice Brett Kavanaugh, announced that he Gadkari has said that India would fully utilise its
would seek the Democratic Party’s nomination share of unused water from rivers Ravi, Beas
for the 2020 presidential election, injecting more and Sutlej that has been flowing into Pakistan.
youthful energy to the expanding Democratic The comment was made by the Minister in the
field. backdrop of the Pulwama Terror attack which
took the life of 40 CRPF soldiers.
Interim Budget 2019
Finance minister Piyush Goyal will present the India withdraws Most Favoured Nation
Interim Budget for 2019-20 amid heightened status granted to Pakistan
expectations that he will announce an income
India has withdrawn the Most Favoured Nation
support scheme for distressed farmers who have
status granted to Pakistan following the Pulwama
seen their incomes stagnate because of plunging terror attack in Jammu and Kashmir. A decision
prices, barely enough to pay for loans and input in this regard was taken during the meeting of
costs.
the Cabinet Committee on Security, CCS in New
Delhi. Union Minister Arun Jaitley said that
INDIA & WORLD Ministry of External Affairs will initiate all possible
India destroys Jaish-e-Mohammeds diplomatic steps which are to be taken to ensure
the complete isolation Pakistan from the
biggest camp in Pakistan
international community.
Indian government confirmed that Indian Air
Force (IAF) jets destroyed the biggest training
camp of Jaish-e-Mohammed (JeM) in Pakistan's India & Bangladesh sign MOU for
Balakot in the strike carried out by 12 Mirage training 1800 Bangladesh civil
2000 fighter jets. IAF dropped around 1,000 kg servants
bombs on JeM terror camps across the Line of India and Bangladesh have signed an MOU for
Control (LoC) in Muzafarabad sector. training 1800 Bangladesh Civil Servants under
Department of Administrative Reforms and
India to Attend OIC Meet for 1st Time in
Public Grievances (DAR&PG). The Mou was
Abu Dhabi signed between the NCGG and the Ministry of
External Affairs Minister Sushma Swaraj has Public Administration, and Government of the
been invited to deliver an address at the
People’s Republic of Bangladesh for the tenure
Organisation of Islamic Cooperation (OIC) in Abu
of 6 years.
Dhabi. This is the first time that a leader of the
non-Muslim country has been invited to the OIC
conference. Ms Swaraj will be the Guest of
Honour and address the inaugural plenary of the
46th Session of the Council of Foreign Ministers
of OIC.
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Maharashtra Sets Up Panel To Review CONFERENCES
Welfare Schemes For Tribals Global Business Summit held in New
The Maharashtra government has set up a
Delhi
committee to review various schemes being
The Global Business Summit can be the Davos
implemented for the welfare of tribals in the
of the East, said Vineet Jain, Managing Director
state. The 17-member committee, headed by
of the Times group in the welcome address for
former MLA and Shramjeevi Sanghatna
the Economic Times Global Business Summit
president Vivek Pandit, will undertake study of
2019 in New Delhi. Prime Minister Narendra
various works done for providing employment
Modi addressed the Global Business summit in
opportunities, minimum wages and proper
New Delhi.
livelihood to tribals, as per a recent government
order.
International Conference ENCO-2019
held in New Delhi
Centre is not willing to recommend The International Conference and Exhibition on
President's rule in Bengal Energy and Environment – Challenges and
After the City Police Commissioner Rajeev Opportunities (ENCO-2019) held in New Delhi.
Kumar in the Saradha chit fund scam, the BJP The conference was inaugurated by the
leaders demanded President's rule in the State. President of India, Shri Ram Nath Kovind.
Saradha scam is about Rs.2500 crore. Centre
declared that the incident bordered on the failure
55th MSC held at Munich, Germany
of constitutional machinery, but the situation was
55th Munich Security Conference (MSC), an
not grave enough to invoke Article 356 of the
annual meeting that brings together leaders and
Constitution enabling the President’s rule.
security experts from across the world. Deputy
National Security Adviser Pankaj Saran attended
Kerala becomes 1st State to Set Up Price the conference and participated in various events
Monitoring And Research Unit besides holding bilateral meetings with several
Kerala has become the first State to set up a countries.
Price Monitoring and Research Unit (PMRU) to
track violation of prices of essential drugs and 4th Agri Leadership Summit 2019 held
medical devices under the Drugs Price Control
at Sonipat, Haryana
Order (DPCO).
Union Minister of Agriculture and Farmer’s
Punjab Government approves ‘Smart
Welfare, Radha Mohan Singh, inaugurated the
Village Campaign’ Worth of Rs 385 4th Agri Leadership Summit 2019 at the India
Crores International Horticulture Market (IIHM) in
The Punjab government approved a rural Ganaur, Sonipat district, Haryana. It was a 3-day
development scheme worth Rs 384.40 crore to summit. The theme of the summit was
supplement the ongoing works to build village 'Entrepreneurship & Agri-Business; Agri Allied –
infrastructure and provide essential amenities. A Promising Sector and Agri Service- Direct
Named ‘Smart Village Campaign’, the scheme Marketing'.
would be financed with funds from the 14th
Financial Commission and MGNREGA works.
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16th Lok Sabha Session Concludes Lifetime Achievement award for G.R.
The last session of 16th Lok Sabha came to an Karthikeyan
end on 13th of February 2019. Giving the details G.R. Karthikeyan, father of India’s first Formula
for the tenure of 16th Lok Sabha, Parliamentary One driver Narain Karthikeyan, was honored with
Affairs Minister Narendra Singh Tomar informed the Lifetime Achievement award at the FMSCI
that there were a total number of 331 sittings for annual awards function. FIA president Jean Todt
Lok Sabha. 205 bills were passed and the was the chief guest and handed over the awards.
productivity was 85%. For Rajya Sabha, 154
bills were passed and the productivity was 68%.
Digital India Awards conferred for
2nd ASEAN-India Youth Summit held in Excellence in Web Space
The Digital India Awards have been instituted
Guwahati
under the ambit of the National Portal of India by
Union Minister of State for Tourism KJ Alphons
National Informatics Centre, MeitY, to promote
and Assam Chief Minister Sarbananda Sonowal
exemplary initiatives in e-governance using the
inaugurated the 2nd ASEAN-India Youth Summit
medium of World Wide Web. Hon’ble Minister of
at Hotel Taj Vivanta in Guwahati.
Electronics & IT, Law & Justice Shri Ravi
Shankar Prasad conferred 'Digital India Awards
ISC 2019 held in Hyderabad 2018' in an exclusive ceremony.
The fourth edition of international spice
conference (ISC 2019) held in Hyderabad. The
conference is hosted by the All India Spices Divya Karnad becomes First Indian
Exporters Forum (AISEF) which represents Woman to receive Future For Nature
around 80% of spices export from India. ISC will Award
bring under one roof more than 800 delegates 33-year-old Ashoka University teacher and Wipro
from over 50 nationalities, 45 speakers and 72 Sustainable Fellow, Divya Karnad became the
exhibitors The theme for the conference is First Indian Woman to be honoured with the
challenges of change-redefining the value chain. ‘Future for Nature Award’ for her work on marine
conservation. She is the second Indian to receive
AWARDS & HONOURS this award after Dr. Charudutt Mishra.
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Narendra Modi Conferred with Seoul Bradley Cooper wins Best Director
Peace Prize From PETA for ‘A Star is Born’
Prime Minister Narendra Modi has been Bradley Cooper has been awarded the ‘Oscat’ by
conferred with the Seoul Peace Prize for 2018 People for the Ethical Treatment of Animals
for his contribution to international cooperation (PETA). The animal rights organisation awarded
and fostering global economic growth. Cooper 'for his enlightened decision to cast his
own canine companion in ‘A Star Is Born’ rather
than using one supplied by a notorious animal
exhibitor'.
Abdul Aziz Muhamat wins International
Human Rights Prize Indian Historian Sanjay
Sudanese refugee, Abdul Aziz Muhamat, who Subrahmanyam wins the Dan David
spent 5 years in the Australian detention centre Prize
on Manus Island in Papua New Guinea, was Indian historian Sanjay Subrahmanyam has won
given the Martin Ennals Award 2019 in Geneva, prestigious Dan David Prize of Israel for the year
Switzerland, for exposing 'the very cruel asylum 2019 for his work on inter-cultural encounters
seeker policy of the Australian Government'. between Asians, Europeans and people of North
and South America during the early modern era.
Sunil Chhetri Given First Ever Football Sanjay Subrahmanyam shares the award in the
Ratna Award category of ‘past time dimension’ with Prof
Football Delhi conferred Sunil Chhetri with first Kenneth Pomeranz of the University of Chicago.
ever "Football Ratna" Award. Delhi Dynamos
player Shubham Sarangi was also honoured.
Deepa Mehta to be Feted with Lifetime
About Sunil Chhetri: Sunil Chhetri is popularly Achievement Award
known as Captain Fantastic. He has scored 2nd Acclaimed Indo-Canadian filmmaker, Deepa
highest number of goals in international football Mehta will be conferred with Lifetime
matches among active players after Cristiano Achievement Award by the Academy of
Ronaldo. Chhetri has also been named AIFF (All Canadian Cinema and Television. This award will
India Football Federation) Player of the Year five be presented in privilege of Deepa’s enormous
times in 2007, 2011, 2013, 2014 and 2017. impact and impression she has had on the
essence of Canada’s entertainment industry.
Deepa Mehta is best known for her trilogy- “Fire”,
De Goede, Van Doren win 2018 FIH “Earth” and “Water”.
Player of the year Awards YES Bank wins Data Science
Eva de Goede from Netherlands and Arthur van Innovation Award
Doren of Belgium were titled the International YES BANK has been announced as the winner
Hockey Federation’s Players of the Year for of the 9th edition of Aegis Graham Bell Award
2018. Eva de Goede, 29, was named the Female 2018 for its ‘Yes Engage Enrich Excel (EEE)’
Player of the Year and Arthur van Doren, 24, won project in data science. YES EEE program is an
the Male Player of the Year award for the second industry-first analytics tool that aids the Bank’s
year in a row. relationship managers with top three talking
points to engage with their customers. Aegis
Graham Bell Award has been promoting
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innovations and entrepreneurship in the ICT P.S.Krishnan is to receive K.Veeramani
domain. Award
K.Veeramani Award for Social Justice 2018 will
Francois Laborde Conferred France’s be conferred on P.S. Krishnan, former Secretary,
Highest Civilian Honour Government of India. Dravidar Kazhagam leader
Father Francois Laborde, a 92-year-old priest, Veeramani will felicitate the awardee at a
was conferred the Légion d’Honneur (Legion of function in New Delhi. About the award: Periyar
Honour), the highest civilian award of France, in International Inc., (USA) gives an annual award
recognition of his work for specially-abled for outstanding contributions to Social Justice,
children. He is the third person from the state to which is named his honor.
have been awarded the Legion of Honor after
film maestro Satyajit Ray and actor Soumitra
Chatterjee. Manus Island refugee Behrouz
Boochani won Australian literary prize
Manus Island ’s refugee Behrouz Boochani ’s
SBI UK Chief Honoured ‘Freedom of
debut book 'No Friends But the Mountains' won
the City of London both the 25,000 dollars non-fiction prize at the
The State Bank of India’s Uk chief Mr. Sanjiv Victorian premier’s literary awards and the
Chadha has been honored with the ‘Freedom of 100,000 dollars Victorian prize for literature , in
the City Of London’ by the city of London Australia.
Corporation in recognition of his contribution to
promoting the bilateral relations. Sanjiv Chadha
Health Minister confers ‘Award of
was nominated for the honor by Lord Mayor of
London Peter Estlin and Sheriff Vincent Keaveny. Appreciation’
Rajiv Nath was conferred with the prestigious
‘Award of Appreciation’ by Ashwini Kumar
P.S.Krishnan received K.Veeramani Choubey, Minister of State for Health & Family
Award for Social Justice in 2018 Welfare for his contribution to the Global Public
K.Veeramani Award for Social Justice 2018 will Healthcare sector at The Award of Appreciation
be conferred on P.S. Krishnan, former Secretary, Ceremony held at Ministry of Health and Family
Government of India. Dravidar Kazhagam leader Welfare, Nirman Bhawan, New Delhi, organized
Veeramani will felicitate the awardee at a by Diaspora Foundation.
function in New Delhi.
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Saurabh Chaudhary clinches gold in Championships to be held in Doha in September
10m air rifle at Shooting World Cup this year.
Saurabh Chaudhary has clinched the country's
second gold medal at the ongoing ISSF World Elise Mertens beats Simona Halep to
Cup at the Dr. Karni Singh Shooting Range in win Qatar Open
New Delhi. Saurabh, who had already won gold Elise Merten, world number 21 from Belgium
medals at Youth Olympics and Asian Games beat world number 3, Simona Halep to win the
gold, attained the top spot in the 10m air pistol Qatar Open held in Doha, Qatar. This is her first
event of the World Cup. Saurabh shot a total of WTA Premier-level crown and fifth title of her
245 (World Record) to claim the top spot. He has overall career. Mertens’ triumph over the
also booked a spot in the 2020 Tokyo Olympics. Romanian was her third win over a top 10 player
in Doha.
Manpreet Singh honoured with AHF's
Player of the Year Saina Nehwal won her women's title at
The Asian Hockey Federation has honoured the Yonex-Sunrise Senior Nationals
Indian skipper Manpreet Singh with the 2018 Saina Nehwal won her fourth title at the
Player of the Year award. Women team's striker Yonex-Sunrise 83rd Senior Nationals. She
Lalremsiami has bagged the Rising Player of defeated P.V.Sindhu. Sourabh Verma completed
The Year prize. Manpreet led the Indian team to a hat-trick of titles, claiming the men's singles
an unbeaten streak at the Asian Champions crown after defeating young Lakshya Sen. The
Trophy in Muscat where the team was declared pair of Pranaav Jerry Chopra and Chirag Shetty
joint winners with Pakistan. outclassed top seed duo Arjun M.R and Shlok
Apurvi wins gold at shooting World Ramachandran to clinch the Men's Doubles title.
Cup
Apurvi Chandela won the first gold for India at
Derrick Pereira becomes the India U-23
the ISSF World Cup by finishing on top of the
women’s 10 metre Air Rifle category in New
Football team coach
Delhi. She also set a new world record with Derrick Pereira was named head coach of the
252.9 points on the way to the title. Apurvi, who India U-23 team for the Asian Football
had booked a quota place for the 2020 Olympics Confederation (AFC) Qualifiers slated to be held
last year, thus bagged her third individual medal in Tashkent, Uzbekistan from March 22, ON
at a World Cup. Wednesday. Besides India, the other teams in
the group are Tajikistan and Pakistan.
Jitendra Singh wins National Race
Walking Championship
PV Sindhu, Vaishnavi Bhale, Ashmita
Jitendra Singh Rathore claimed the top honours
in the men’s 50km race walk competition at the Chaliha enter semi finals of women's
6th National Open Race Walking Championships singles in NBC
that concluded in Chennai The Rajasthan athlete PV Sindhu sailed into the semi-finals, while
clocked a time of 4:23.23. and beat out Gujarat’s Nagpur's Vaishnavi Bhale and Ashmita Chaliha
Joshi Sagar who registered 4:24.21 to take the of Assam booked their maiden last-4 spots.
silver medal. The National Open Race Walking Sindhu had an easy outing as she defeated Riya
Championships were meant to serve as an Mookerjee 21-16, 21-7 to progress to the semis
opportunity to qualify for the Athletics World on Thursday.
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'Clouded Leopard’ to be Mascot for
National Games 2022 Mirabai Chanu Notched up Gold at
The Sports and Youth Ministry in the meeting of
EGAT Cup in Thailand
Executive Committee of the National Games
World champion Indian weightlifter Saikhom
2022 has chosen the Smiling Clouded Leopard
Mirabai Chanu notched up a gold medal at the
to be the Mascot for the National Games 2022.
EGAT Cup in Thailand. Chanu won the 48kg
Meghalaya will host the 2022 National Games,
category gold with an effort of 192 kg in the silver
which is coinciding with its 50 years of statehood.
level Olympic qualifying event.
Clouded Leopard is among the wild cats that live
throughout the forests of Garo, Khasi, and Jaintia
Hills. Ramit Tandon wins Seattle Open
Indian squash player Ramit Tandon defeated
Egyptian Mohamed El Sherbini in the finals to
Corentin Moutet Clinched Chennai
win the Seattle Open, a PSA challenger squash
Open ATP Challenger Title Tour event. The top-seeded Indian, who rose to
In Tennis, France’s Corentin Moutet has clinched his career high ranking of 58 in the latest
the Chennai Open ATP Challenger tournament February list, won his first PSA title in the new
title after beating Andrew Harris of Australia in year and fourth title overall in his career.
the singles final. It was the second Challenger
title for Moutet, who received 80 ATP points,
while Andrew got 48 ATP points.
Smriti Mandhana becomes World No.1
Women’s ODI Batter
Indian women’s cricket team opener Smriti
India's young paddlers clinch four Mandhana has become the top-ranked batter in
medals women’s ODI cricket, as per the latest rankings
In Table Tennis, India's young paddlers clinching released by the ICC. The 22-year-old moved up
four medals include a gold, at the Bahrain Junior three spots in the batters’ rankings to reach the
and Cadet Open tournament in Manama. top spot. In the 15 ODIs Smriti has played since
Besides the gold, India won two silver and a the beginning of 2018, she has scored two
bronze. In the final, the India-A team of Suhana centuries and eight half-centuries.
Saini and Anargya Manjunath proved too strong
for India-B and clinched the Gold. In the Junior Australia Cricketer Greg Chappell
girls' competition, the Indian team of Manushree
decided to retire as after Ashes 2019
Patil and Swastika Ghosh beat three teams
Former Cricketer,Greg Chappell confirmed to
before losing to eventual champions Russia to
retire after the Ashes 2019. Greg Chappell have
settle for a Silver.
played 87 Tests for Australia. After his retirement
Vidharbha lift Ranji Trophy for second in 1984,he worked as Team selector in three
time in a row separate regimes, from 1984 to 1988, 2010 to
Vidarbha lifted their second successive Ranji 2011, and 2016 to the present. He was also
Trophy title with a comfortable 78-run win over appointed as national talent manager in 2010.
Saurashtra. Left arm spinner, Sarwate was
adjudged man of the match. Vidarbha is only the
sixth team in the tournament’s long history to
have defended the title.
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Sana Mir becomes 1st Asian Woman to Indian Captain Mithali Raj becomes 1st
Play 100 T20Is female cricketer to play 200 ODIs
Former captain of the Pakistan women team Indian captain Mithali Raj became the first
Sana Mir has become the first Asian woman to female cricketer to play 200 ODI. The
play hundred T20Is. Mir, 33, is one of Pakistan’s 36-year-old is also the highest run-getter in ODIs
most senior women cricketers and has been with 6622 runs at an average of 51.33. Mithali
representing the country since 2005. made her ODI debut way back in 1999 and has
Qatar won their First-ever Asian Cup featured in 200 games out of the 263 ODIs India
Title In Football by defeating Japan have played.
Qatar won its first major soccer title by beating ECONOMY
four-time champion Japan 3-1 in the 17th edition EPFO Hikes Interest Rates on EPF by
of the AFC Asian Cup held in United Arab
0.1%
Emirates(UAE). Sudan born Almoez Ali, became
Employees’ Provident Fund Organisation has
the first player to score nine goals at a single
hiked interest rate on employees’ provident fund
Asian Cup.
to 8.65% from 8.55% for the 2018-19 fiscal year.
The announcement was made by Labour
INS Dronacharya wins Kochi Area Boat Minister Santosh Gangwar. The proposal would
Pulling Regatta 2019 now go to the Finance Ministry for approval,
Gangwar said after the CBT meeting.
The INS Dronacharya team won the Regatta
trophy in the Kochi Area Pulling Regatta 2019 of
the Southern Naval Command (SNC) held in the WPI Inflation Hits 10-Month Low
Ernakulam Channel. Anti-Submarine Warfare The Union Ministry of Commerce and Industries
(ASW) School & Diving School secured the has released the data on WPI Inflation. The data
runners up position. makes the observations of The WPI Inflation fell
to a 10-month low of 2.76 per cent in January
Vani Kapoor becomes First Indian to owing to softening prices of fuel and some food
Grab Australian LPGA Card items. The WPI inflation has stood at 3.8 per
Golfer Vani Kapoor has become the first Indian cent in December 2018, and 3.02 per cent in
to grab Australian Ladies PGA Tour (LPGA) after January 2018.
securing 12th Rank tied with three others in the
first-ever qualifying tournament at the Ballarat
Government to borrow additional Rs
Golf Club in Australia. Total 81 players
participated in the Qualifying tournament out of
36,000 cr in FY19
which top-20 earned the card for LPGA. In order to meet additional expenses, the
government has decided to raise additional Rs
36,000 crore through dated securities taking the
total borrowing through the instrument to Rs
96,000 crore in the remaining period of the
current fiscal.
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6th Bi-Monthly Monetary Policy Fiscal deficit pegged at 3.4% of GDP
Statement Released for 2019-20
RBI has released 6th Bi-Monthly Monetary Policy The Interim Budget 2019-20 has pegged the
Statement. On the basis of an assessment of the fiscal deficit for the year 2019-20 at 3.4% of
current and evolving macroeconomic situation at GDP. The fiscal deficit for the current fiscal has
its meeting, the Monetary Policy Committee been revised upward to 3.4 per cent from the
(MPC) decided Reduce the policy repo rate Budgeted target of 3.3 per cent in previous year.
under the liquidity adjustment facility (LAF) by 25 Fiscal deficit for FY21 has been pegged at 3
basis points from 6.5% to 6.25% with immediate percent.
effect. Consequently, the reverse repo rate under
the LAF stands adjusted to 6.0%, and the GST collections for January expected
marginal standing facility (MSF) rate and the
at Rs 103,000 cr
Bank Rate to 6.5%. On the supply side, the FAE
The Goods and Services Tax (GST) collections
has placed the growth of real gross value added
for January have crossed the Rs 1 lakh crore
(GVA) at 7.0% in 2018-19 as compared with
mark and is expected to be Rs 103,000 crore,
6.9% in 2017-18.
acting Finance Minister Piyush Goyal said. The
Rs 1 lakh crore barrier in average monthly
FDI during April-September 2018-19 collections seen over the past two years had
fell 11 per cent to $22.66 billion finally been broken this January with the
According to commerce and industry ministry collection for last month expected to be at
data Foreign direct investment (FDI) into India around Rs 103,000 crore.
has declined 11% to $22.66 billion during
SCIENCE & TECHNOLOGY
April-September period of the current fiscal.
Sectors that received maximum foreign
investment are services ($4.91 billion), computer Scientists discovered new Universe
software and hardware ($2.54 billion), map which unveiled 3,00,000 more
telecommunications ($2.17 billion), trading galaxies
($2.14 billion), chemicals ($1.6 billion) and A new map of the night sky published in charts
automobile industry ($ 1.59 billion). hundreds of thousands of previously unknown
galaxies discovered using a LOFAR telescope
GST collection increases to one lakh that can detect light sources optical instruments
crore in January cannot see. More than 200 astronomers from 18
The data from the Ministry of Finance shows that countries were involved in the study, which used
goods and services tax collections stood at Rs. radio astronomy to look at a segment of the sky
1,02,503 crore in the month of January. Of the over the northern hemisphere, and found
Rs. 1,02,503 crore GST revenue, Central GST is 3,00,000 previously unseen light sources thought
Rs 17,763 crore, State GST (SGST) is Rs to be distant galaxies.
24,826 crore, Integrated GST (IGST) is Rs
51,225 crore (including Rs 24,065 crore collected
on imports) and Cess is Rs 8,690 crore.
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NASA to Launch SPHEREx Mission to DRDO Successfully Flight Tests
Investigate Universe Indigenously Developed Missile
NASA has announced a new space telescope System SFDR
mission dedicated to understanding the origins of The second indigenously developed ‘Solid Fuel
life and the universe. It’s called the Ducted Ramjet (SFDR)’ propulsion-based missile
Spectro-Photometer for the History of the system was successfully flight tested in Odisha
Universe, Epoch of Reionization and Ices by the Defence Research and Development
Explorer or SPHEREx, for short. The space Organisation (DRDO). The success of SFDR
agency is aiming for a 2023 launch. propulsion technology is a significant milestone
and will pave the way for the development of
NASA Announces the end of long-range air-to-air missiles in the country.
Opportunity
NASA announced that its Opportunity Rover India successfully tests Solid Fuel
mission is complete after the rover failed to Ducted Ramjet Propelled Missile
respond despite repeated trials since August India has successfully undertaken the
2018. The space agency inferred that a demonstration of the indigenously developed
planet-encircling dust storm cut off propulsion technology. The successful
communications with Opportunity, disabling its demonstration of indigenous technology is a step
solar panels from storing power. Since then forward in the development of long-range
NASA has beamed over 830 unanswered rescue air-to-air missiles.
commands.
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ISRO to get its new communication Brij Bhushan Sharan elected as WFI
satellite President
The Indian Space Research Organisation (ISRO) Brijbhushan Sharan Singh has been elected
is to get its new communication satellite unopposed as President of Wrestling Federation
GSAT-31 aloft in space on February 6 from of India. This marked the third time that Singh
French Guiana on a hired European rocket. had assumed the post of WFI’s president. He is
GSAT-31 will replace the INSAT-4CR. GSAT-31 also a Member of Parliament from the Kaiserganj
weighs roughly 2,500 kg. The latter with 12 constituency of Uttar Pradesh. He was the
Ku-band transponders was put to orbit in chef-de-mission of the Indian contingent for the
September 2007 to drive what was then a new Asian Games 2018 held in Jakarta and
DTH industry. The launch of Ariane-5 V247 Palembang.
mission is fixed for 2.31 a.m. IST.
Kelly Knight Craft is the new US
ambassador to the UN
APPOINTMENTS US President Donald Trump has announced the
NBT appoints Govind Prasad Sharma nomination of Kelly Knight Craft as the new US
as Chairman ambassador to the UN. The post of the US
The National Book Trust (NBT) has appointed ambassador to the UN was vacant due to the
educationist and author Govind Prasad Sharma resignation of Nikki Haley. Kelly Knight Craft is
as its new Chairman. NBT, an autonomous currently serving as the US ambassador to
organisation under the Department of Higher Canada. The appointment would be formalised
Education, Ministry of Human Resource after the approval by the US Senate.
Development, was previously chaired by Baldeo
Sharma since 2015.
Saudi Arabia appoints first female
ambassador to United States
Saudi Arabia has appointed Princess Reema bint
Indra Nooyi joins Amazon Board of
Bandar, a former business executive and
Directors philanthropist, as its first female ambassador to
PepsiCo's India-born former CEO Indra Nooyi the United States. She replaced Prince Khalid
has joined Amazon's board of directors. Nooyi, bin Salman, amid fallout over journalist
who stepped down as CEO of Pepsico in Khashoggi’s murder. She has been a leading
October last year, is the second woman to be advocate of female empowerment in the
added on the Amazon's board of Directors. Early kingdom.
this month, Starbucks executive Rosalind Brewer
joined the Amazon Board. Kareena Kapoor Khan appointed
State Governor of Ayala appointed ambassador of Swasth Immunised
Sudan’s Prime Minister India campaign
Mohamed Tahir Ayala, governor of Gezira state, Actress Kareena Kapoor Khan has been
was appointed Sudan’s prime minister. appointed as an ambassador of Swasth
Sudanese President Omar al-Bashir said in Immunised India campaign. The Swasth
November 2017 that he would support Ayala in Immunised India campaign has been launched
the 2020 presidential election if he decided to by Serum Institute of India (SII) and Network 18.
run. The Swasth Immunised India campaign aims to
build a robust campaign aimed at spreading
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awareness on the importance and benefits of Ajay Singh Appointed as the Head of
immunisation among the masses. AIBA Elite Foundation
Ajay Singh, president of the Boxing Federation of
Justice Uma Nath Singh takes oath as India has been selected as the president of the
First Lokayukta of Nagaland Foundation Board for Better Boxing of AIBA
The first Lok Ayukta of Nagaland, Justice Uma (International Boxing Association). He has been
Nath Singh, took the oath of office. Nagaland elected to the post for a tenure of 4 years. AIBA
Governor PB Acharya administered the oath to formed the Foundation Board for Better Boxing in
him at a function held at Raj Bhavan. Justice the last meeting of its Executive Committee to
Uma Nath Singh was a former Chief Justice of formulate an action plan for global development
Meghalaya High Court. He will hold the office for of the sport in future.
a term of five years or till he attains the age of 70
years whichever is earlier. SC Appoints Former Judge Justice
D.K. Jain as BCCI Ombudsman
Additional charge as Secretary of The Supreme Court appointed a retired judge of
Department of Fisheries given to Tarun the court Justice D.K. Jain as the first
Shridhar ombudsman under the new BCCI (Board of
The PM administration gave the Secretary of Control for Cricket in India) Constitution
approved by the court in a judgment. Bringing a
Department of Animal Husbandry and Dairying,
quietus to the quibbling between the Committee
Tarun Shridhar the additional charge of Secretary
of Administrators (CoA) which runs the BCCI and
of Department of Fisheries, Ministry of
the State bodies that form the Board, a Bench of
Agriculture and Farmers Welfare.Department of
Fisheries is a newly created department under Justices S.A.
Ministry of Agriculture and Farmers Welfare.
Tarun Shridhar is an IAS officer from 1984 batch. Mary Kom designated as women’s
training Ambassador of PUMA
PayU India appoints Anirban German sports and lifestyle brand PUMA has
Mukherjee as CEO appointed the 6 time world champion woman M
Naspers-owned PayU, a leading online C Mary Kom as its new brand ambassador. Mary
payments service provider, has a new Chief Kom is now PUMA India’s new ambassador for
Executive for its Indian operations in Anirban their women’s training category and will be
Mukherjee. Besides leading PayU’s Indian representing the brand in marketing campaigns.
business, Anirban will join PayU’s global CBIC appoints Sandeep Mohan
leadership team to support its ambitious plans to Bhatnagar and Ashok Kumar Pandey
unlock innovative credit and financial services for as its members
under-served populations in high-growth
Central Board of Indirect Taxes and Customs
markets. Mukherjee will now report to Laurent Le
(CBIC) appointed 2 senior Indian Revenue
Moal, CEO, PayU Global. Service (IRS) officers, Sandeep Mohan
Bhatnagar and Ashok Kumar Pandey as its
members. Ashok Kumar Pandey is a 1983-batch
Indian Revenue Service (Customs and Central
Excise) officer and Sandeep Mohan Bhatnagar is
a 1984-batch IRS officer.
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Dr G C Anupama elected as President Hina Jaiswal became the first Indian
of ASI Woman Flight Engineer
Dr G C Anupama has been elected president of Flight Lieutenant Hina Jaiswal from Chandigarh,
the Astronomical Society of India (ASI). Dr G C became the First Indian Woman Flight Engineer
Anupama was elected to the post in the ASI of the Indian Air Force(IAF). She was
Executive Council elections for triennium commissioned in the IAF’s engineering branch in
2019-22. She has become the first woman to 2015 and completed the 6-month Flight Engineer
head the prime association of professional course from the 112 Helicopter Unit attached to
astronomers in the country. the Air Force Station in Yelahanka, Bengaluru.
The Flight Engineer branch was opened to
UN Appoints C Ramanathan as women officers in 2018.
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Ashwani Lohani reappointed Air India Dinkar Gupta takes over charge of
CMD DGP Punjab
Ashwani Lohani, a retired bureaucrat, has been Dinkar Gupta has taken over the charge of
appointed the Chairman and Managing Director Director General of the Punjab Police. He took
(CMD) of national carrier Air India in New Delhi. over the charge as DGP from Suresh Arora at a
Lohani held the position for around two years simple ceremony at the Punjab Police
from 2015. In August 2017, he was named the headquarters at Chandigarh. Previously, Gupta
Chairman to the Railway Board. The government was posted as Director General of Police,
appointed Air India CMD Pradeep Singh Kharola Intelligence, Punjab.
as the new Civil Aviation Secretary.
Shri Sailesh assumed Charge as
Ruchira Kamboj to be India’s Secretary, Ministry of Minority Affairs
Ambassador to Bhutan Shri Sailesh, IAS, Assam-Meghalaya Cadre,took
Ruchira Kamboj, currently serving as the High charge as the Secretary, Ministry of Minority
Commissioner of India to South Africa, was Affairs. He will also hold the post of Secretary,
appointed as the Ambassador of India to Bhutan. Department of Official Language as an additional
Kamboj is a 1987 cadre Indian Foreign Service charge.
(IFS) Officer who has previously served as the
Ambassador/PR to Permanent Delegation of Air India Chairperson Pradeep Singh
India to UNESCO, Paris.
Kharola appointed Civil Aviation
Ricky Ponting appointed as Assistant
Secretary
Coach of Australia for 2019 World Cup The government appointed Air India chief
Cricket Australia appointed Ricky Ponting as the
managing director and Chairperson Pradeep
assistant coach for Australia’s cricket team for
Singh Kharola the secretary of the Ministry of
2019 World Cup. Ponting was appointed after Civil Aviation. Kharola will take over from Rajiv
David Saker’s resignation from the post. Ricky
Nayan Choubey. Kharola, an Indian
Ponting worked as the assistant for Australia’s
Administrative Services officer of Karnataka
T20 in 2017 and 2018.
cadre from the 1985 batch, was named
chairperson of Air India.
Shane Warne named as brand
ambassador of Rajasthan Royals Nilambar Acharya appointed Nepal’s
Australian spinner, Shane Warne has been envoy to India
named the brand ambassador of Rajasthan Nilambar Acharya, Nepal’s former law
Royals for the upcoming edition of IPL. He led minister,was appointed as Nepal’s ambassador
Rajasthan Royals to its first and only IPL title in to India in Kathmandu. Nilambar Acharya’s oath
2008. Also, Rajasthan Royals has decided to of office position was administered by President
change its jersey colour from blue to pink this Bidya Devi Bhandari in Kathmandu. The position
year. of Nepalese ambassador to India was vacant
after Deep Kumar Upadhyay resigned.
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LT Gen Rajeev Chopra takes over as Yes Bank senior group president
DG NCC Pralay Mondal resigns
Lt Gen Rajeev Chopra assumed the appointment Yes Bank Senior group President and head of
of Director General of NCC (DGNCC). retail and business banking, Pralay Mondal
Commissioned in the Madras Regiment in resigned from his post. Pralay Mondal joined Yes
December 1980, Lt Gen Chopra is an alumnus of Bank in 2012 and he was elevated along with
the National Defence Academy, Khadakwasla Rajat Monga who handled financial management
and Indian Military Academy, Dehradun. He has as Executive Directors of the Yes Bank.
been awarded Ati Vishisht Seva Medal for his
distinguished service.
DEATHS
Veteran Kannada writer Ko
Ajai Kumar is appointed as the interim
Channabasappa passes away
CEO of Yes Bank Veteran freedom fighter and noted Kannada
Ajai Kumar is appointed as the interim CEO of writer Ko Channabasappa passed away in M S
Yes Bank. He will hold the charge of MD & CEO Ramaiah hospital in Bengaluru. He was 96. He
till the new CEO Ravneet Gill joins the lender. was former Judge and had written more than 80
Yes Bank said that the Reserve Bank of India books. He was winner of Nadoja and Kannada
had approved the interim appointment. Rajyotsava Awards.
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Bengali singer Pratik Choudhury Best-selling British Author ‘Andrea
passes away at 55 Levy’ Passed Away
Bengali singer Pratik Choudhury passed away at The best-selling British author Andrea Levy, who
a City hospital after suffering a cardiac arrest. explored the experience of Jamaican British
The popular singer, known for his albums on people in a series of novel over 20 years, has
contemporary Bengali songs invluding died from cancer at the age of 62. She was
'Mukhosh', 'Bhusandir Mathe', and 'Ebar Pratiker known for penning books ‘The Long Song’ and
Pallay'. Choudhury, a graduate from Calcutta ‘Small Island’. She was conferred with Orange
University, began his music career in 1994 by prize for fiction, Whitbread book of the year,
singing jingles. He also sung in numerous TV Commonwealth writers prize and many more.
serials, Bengali movies.
Noted Hindi Writer Namvar Singh Swiss Actor Bruno Ganz Passed Away
Passes Away 77 years old Swiss actor, Bruno Ganz who is
Noted Hindi writer Namvar Singh passed away in famous for his role of German dictator, Adolf
New Delhi. He was 92. Prof. Namvar Singh was Hitler in the Oscar-nominated film Downfall,
ill for some time and was being treated at All passed away in Zurich, Switzerland due to Colon
India Institute of Medical Sciences. Singh was Cancer. Bruno Ganz was born in 1941 and he
the first chairman of JNU’s Centre of Indian was active in German theatre, film, and television
Languages. He has authored over dozen books for more than 50 years.
including ‘Kavita Ke Naye Pratiman’,
‘Chhayavad‘ and ‘Dusri Parampara Ki Khoj’ Ex-Goa Dy CM Francis D’Souza passes
among others. away at 64
Former deputy chief minister of Goa and BJP
‘Badge of Honor’ Military Novelist, MLA Francis D’Souza passed away. He was 64.
W.E.B. Griffin Passes Away He was elected to Goa Legislative Assembly in
American military veteran and novelist, William the year 1999 as Goa Rajiv Congress party
E. Butterworth III, better known as W.E.B. Griffin candidate and was later shifted to BJP to get
(his pen name), passed away at the age of 89. elected to the state legislative assembly in 2002,
He joined the army at the age of 17 and has 2007, 2012 and 2017 from Mapusa constituency.
served in the Korean War.
Clouded Leopard’ to be Mascot for
Climate Scientist Wallace Smith National Games 2022
Broecker Passes Away The Sports and Youth Ministry in the meeting of
Climate scientist Wallace Smith Broecker, who Executive Committee of the National Games
popularised the term “global warming” has 2022 has chosen the Smiling Clouded Leopard
passed away in New York. Eighty-seven-year-old to be the Mascot for the National Games 2022.
Columbia University professor breathed his last Meghalaya will host the 2022 National Games,
at a New York City hospital. which is coinciding with its 50 years of statehood.
Clouded Leopard is among the wild cats that live
throughout the forests of Garo, Khasi, and Jaintia
Hills.
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England football great Gordon Banks Noted freedom fighter Priyanath Dey
passes away passes away
England football great, goalkeeper Gordon Noted freedom fighter and former Odisha MLA
Banks, whose safe pair of hands helped the Priyanath Dey passed away in Bhubaneswar. He
Three Lions to their only World Cup final victory was 97. Dey had joined freedom movement in
in 1966, has passed away at the age of 1942 and was jailed several times. He was
81.Banks won 73 caps for England between elected to Odisha Legislative Assembly from
1963 and 1972 and made nearly 200 Jagatsinghpur seat in 1961.
appearances for Stoke before his playing career
was brought to an end due to a car crash that Veteran Marathi Actor Ramesh Bhatkar
cost him the sight in one eye. Passes Away
Veteran Marathi actor Ramesh Bhatkar passed
Bollywood actor Mahesh Anand away aged 70 after battling cancer for over one
passed away at age of 57 and a half years. During his career, spanning
Hindi film actor Mahesh Anand passed away at over 30 years, the actor starred in several
age of 57 in Mumbai. Mahesh Anand, was best Marathi films and television series including ‘Aai
known for negative roles in the movies of 80s Pahije’ and ‘Commander’. The actor also
and 90s. The villainous actor was last found in featured in Hindi films like ‘The Accidental Prime
the Govinda’s film ‘Rangeela Raja’. Minister’ and ‘Bhavesh Joshi Superhero’.
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VISITORS
PM Modi on a two-day visit to Seoul Overview of Prime Minister’s visit to
Prime Minister Narendra Modi went to Seoul on Tripura
a two-day visit to South Korea. Mr Modi will hold Prime Minister, Narendra Modi visited Agartala in
bilateral talks with South Korean President Moon the final leg of his a day long tour to Assam,
Jae-in and receive the Seoul Peace Prize. He Arunachal Pradesh and Tripura. PM Modi during
will receive the prize in recognition of his his visit to Agartala, Tripura inaugurated various
dedication to international cooperation, global development projects. It was the final destination
growth and human development. He addressed of a day long tour to 3 North Eastern States.
the India-Korea Business Symposium and also
launched India-Korea Startup Hub in Seoul.
Overview of Official Visit Of Monaco’s
Prince Albert II to India
Overview of Prime Minister Narendra Prince Albert II of Monaco made his first Official
Modi’s Visit to Varanasi 2 days Visit to India along with a high level
Prime Minister Narendra Modi flagged off the first delegation on 4-5 February 2019 to review the
ever diesel to electric converted locomotive twin bilateral relations between India and Monaco.
engine of 10000 Horse Power(HP) at DLW Union Minister of Commerce & Industry and Civil
Varanasi. Prime Minister,Narendra Modi Aviation, Suresh Prabhu addressed
inaugurated Virtual Experiential Museum (VEM) India-Monaco Business Forum which was hosted
under Archeological Survey of India, Man – by New Delhi.
Mahal,in the bank of the River Ganges.
MISCELLANEOUS
Overview of PM Narendra Modi’s Visit China’s Xinhua Unveils World’s First
to Bihar & Jharkhand Female AI News Anchor
Foundation stone for the Patna Metro Rail Chinese news agency Xinhua unveiled the
Project was laid down by PM Narendra Modi, world’s first female AI news anchor Xin
which is worth more than Rs 13,000 crore Xiaomeng. She has been developed in
(estimated cost Rs 13,365.77crore) and will be collaboration with Sogou Inc, a search engine
completed in the next 5 years. The project will company. She is expected to make a debut in
benefit about 27 lakh people of the state. PM March, during the upcoming meetings of China’s
Narendra Modi inaugurated the first phase of the national legislature.
River Front Development at Patna and the Patna
City Gas Distribution Project(CGD).
Mukesh Ambani tops Hurun India
Philanthropy list 2018
BJP President Amit Shah to visit Reliance Industries chairman Mukesh Ambani
Kumbh in Prayagraj and also richest person in Asia topped the Hurun
BJP President Amit Shah visited Kumbh in India Philanthropy list with a donation amount of
Prayagraj along with Uttar Pradesh Chief 437 crores. Mukesh Ambani is followed by the
Minister Yogi Adityanath. Mr Shah met various chairman of the Piramal Group, Ajay Piramal
saints and seers during his visit. Meanwhile, the who donated 200 crores. Top 10 list of Hurun
departure of Akharas from Kumbh has already India Philanthropy list.
begun.
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04 February: World Cancer Day RBI formalised USD 75-billion swap
World Cancer Day is being observed observed pact with Bank of Japan
globally on 4th February. This year, Union for The Reserve Bank of India (RBI)and the Bank of
International Cancer Control (UICC), which Japan formalised the USD 75- billion swap
organizes World Cancer Day, is launching a new agreement, which would act as a cushion against
3-year (2019-2021) campaign with the theme: 'I any sharp swings in the local currency whenever
Am and I Will'. The Day aims to save millions of the international financial markets turn volatile.
preventable deaths each year through education, The proposal for entering into an agreement for
raising awareness and by pressing governments the bilateral swap arrangement was approved by
and individuals across the world to take action the Union Cabinet.
against the deadly disease.
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3/7/2019 February Monthly Study Material - Google Docs
FREEJOBALERT.COM
venugopal Februaryyoutube
kemburu 2019 MONTHLY-
channelSTUDY MATERIAL
Download English Daily PDF from: http://www.freejobalert.com/dailypdfenglish
Yes Bank cleared of Divergence
charges imposed by RBI
Reserve Bank of India cleared Yes Bank of
Divergence charges i.e. disparity in reporting bad
loans and provisioning numbers for the year
ended March 2018. The final report has
observed nil divergence in the bank’s asset
classification and provisioning from the norms of
the RBI. In FY16, after its first assessment, Yes
Bank was found a divergence of Bad loans by RBI announces bi-monthly monetary
RBI at Rs. 4,176 crores higher than the reported
policy
gross NPA of Rs. 748.9 crore.
The Monetary Policy Committee headed by
Reserve Bank of India Governor Shaktikanta
RBI MSME package to help recast Rs Das, announced a reduction in policy repo rate.
1-trn loans for 700k accounts: Govt The repo rate will reduced from 6.5 per cent to
The Reserve Bank’s restructuring package for 6.25 per cent with immediate effect.
small businesses announced last month will help Consequently, the reverse repo rate stands
recast Rs 1 trillion of loans for 700,000 eligible adjusted to 6.0 per cent, and the marginal
micro, small and medium enterprises. The standing facility rate and the Bank Rate to 6.5
estimate from the Department of Financial per cent.
Services (DFS) secretary Rajiv Kumar is much
higher than domestic rating agency Icra’s Two RRBs to be merged to form Tamil
assessment of Rs 10,000 crore.
Nadu Grama Bank
Public sector Indian Bank said two regional rural
banks (RRBs), Pallavan Grama Bank and
RBI doubles the limit of Bulk Deposits
Pandyan Grama Bank will be merged to form
from Rs. 1 Crore to Rs 2 Crore Tamil Nadu Grama Bank as per the Finance
Reserve Bank of India decided to treat deposits Ministry. The integration. The new Tamil Nadu
to over Rs.2 crore as ‘bulk’ as they doubled the Grama Bank will be under the sponsorship of
limit for the same from the earlier Rs.1crore. This Indian Bank with head office in Salem,Tamil
move will enhance the operational freedom of Nadu. Originally the Pallavan Grama Bank was
Banks. According to current RBI rules, last sponsored by Indian Bank and Pandyan Grama
reviewed in January 2013, banks have the option Bank by Indian Overseas Bank.
of not permitting premature withdrawals of ‘large
rupee term deposits’ of INR 1 crore and above.
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