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Important Current Affairs 11th February 2019

NATIONAL


Rajnath Singh inaugurates first of its kind spoken Sanskrit center.
•    Union Home Minister Rajnath Singh has launched the Centre for learning Sanskrit language in Gujarat University, Ahmedabad. 
•    The center will offer a six-month course for people on how to speak the language. The coordinator of the course, Atul Unagar stated it was possibly the first such course launched in India.

Nitin Gadkari Releases India’s 1st Ever Highway Capacity Manual.
•    The Minister of Road Transport & Highways Mr Nitin Gadkari released India’s first ever Highway Capacity Manual (HCM) in New Delhi.
•    The manual is also known as Indo-HCM and it has been developed by CSIR – CRRI on the basis of an extensive, country-wide study of the traffic characteristics on different categories of roads like a single lane, two-lane, multi-lane urban roads, and the associated intersections on these roads.
 

INTERNATIONAL


Mumbai 12th Richest City Globally, New York Tops: New World Wealth Report.
•    Mumbai, India's financial capital is the 12th richest city in the world with a total wealth of $950 billion, according to a report by New World Wealth. The list was topped by New York as the richest city in the world.
•    Total wealth refers to the private wealth held by all the individuals living in each city. It includes all their assets (property, cash, equities and business interests) less any liabilities. The top 2 richest cities in the list are- 
1. New York ($3 trillion).
2. London ($2.7 trillion).


PM Modi 3 Nation Visit- India and Palestine sign 6 MoUs.
•    India and Palestine have signed six Memorandums of Understanding (MoU) s worth USD 40 million.  This was welcomed by Palestinian President Mahmoud Abbas. 
•    During the term of this Government, the President of India made the first ever visit to Palestine in 2015.


PM Modi 3 Nation Visit- India, Oman Sign 8 MoUs.
•     India and Oman have signed eight MoUs in different areas during PM Narendra Modi’s maiden visit to the Gulf nation. The fields in which the agreements were inked include defense, health and tourism.

•    A MoU on legal and judicial co-operation in civil and commercial matters was also signed. The agreements were inked after Mr Modi held delegation-level talks with the Sultan of Oman, Qaboos bin Said al Said in Muscat.

PM Modi 3 Nation Visit- India-UAE Ink 5 Agreements.
•    Prime Minister Narendra Modi and Crown Prince Sheikh Mohammad bin Zayed al Nahyan held bilateral talks at the Presidential Palace in Abu Dhabi, the UAE.
•    PM Modi also laid the foundation stone of the first Hindu temple in Abu Dhabi. The two sides inked 5 agreements related to energy & railway sectors, manpower and financial services.

•    The 5 MoUs signed between the two nation are as follows-
•    1. MoU between a consortium led by ONGC and Abu Dhabi national oil company for acquisition of 10% stake in offshore concession was inked.

•    2. MoU aiming to institutionalize employment of Indian workers in UAE to safeguard their interests was also signed.
•    3. MoU aiming at technical cooperation in rail sector between Ministry of railways and Federal transport authority and maritime of UAE signed.

•    4. In the area of financial services, MoU between BSE and Abu Dhabi Securities exchange was also inked.
•    5. MoU between Government of Jammu and Kashmir and DP World was also signed to establish multi-modal logistics park and hub in Jammu comprising warehouses and specialized storage solutions.
 

BUSINESS AND ECONOMY


PM Modi 3 Nation Visit- ONGC Videsh, Partners Acquire 10% Stake in Abu Dhabi Oilfield
•    ONGC (Oil and Natural Gas Corporation) Videsh Ltd and its partners have acquired a 10% in a large offshore oilfield Abu Dhabi National Oil Co.’s (ADNOC) in Abu Dhabi for $600 million. It is the first time any Indian company has set foot in oil-rich Emirate.
•    The current production of this field is about 400,000 barrels of oil per day (20 million tonnes per annum) and Indian consortium’s annual share shall be about 2 million tonnes. The contract for the concession was signed in Abu Dhabi in presence of Abu Dhabi Crown Prince Sheikh Mohamed bin Zayed al-Nahyan and Prime Minister Narendra Modi.


SBI Wrote off Bad Loans worth over Rs 20,000 crore Last Fiscal.
•    The country’s largest lender SBI wrote off bad loans worth Rs 20,339 crore in 2016-17, the highest among all the public sector banks, which had a collective, write off of Rs 81,683 crore for the fiscal. The data pertains to the period when the associate banks of SBI were not merged with it.
•    Besides SBI, Punjab National Bank had a write-off of Rs 9,205 crore in 2016-17, followed by Bank of India (Rs 7,346 crore), Canara Bank (Rs 5,545 crore) and Bank of Baroda (Rs 4,348 crore).


Direct tax collections rise 19.3% in April- January.
•    Direct tax collections grew by nearly 20% between April and January this year with strong growth in both corporate and personal income tax receipts. According to official data released, net direct tax collections grew by 19.3% up to January 2018 to Rs 6.95-lakh crore.
•    While net corporate income tax grew by 19.2%, personal income tax receipts rose by 18.6% in January this year. Gross tax collections also grew at a robust 13.3% to Rs 8.21-lakh crore between April 2017 and January 2018.
 

SPORTS


Sharmila Nicollet, 1st Indian Golfer to Qualify for China LPGA Tour.
•    Sharmila Nicollet has become the first Indian golfer to qualify for the China Ladies PGA Tour. The 26-year-old Bengaluru golfer fought her way back into the tournament in the last two rounds to earn a card for the Tour.
•    Sharmila had played on the Ladies European Tour before losing her full card, played her three rounds in the CLPGA Tour Qualifying School.


Rohan More Becomes 1st Asian to Swim Across Ocean Seven.
•    Pune-based swimmer, Rohan More became the first Asian as well as the first Indian to swim across the Ocean Seven. He is the youngest to complete it. He swam across the Cook Strait between North and South Islands of New Zealand in 8 hours and 37 minutes.
•    With this, more becomes only the ninth person in the world to complete it. He has received the Tenzing Norgay Award from the Indian Ministry of Youth Affairs and Sports. The award was presented by President Ram Nath Kovind.
 

OBITUARIES


Pakistani Activist Asma Jahangir Passes Away.
•    Asma Jahangir, Pakistan’s renowned human rights lawyer, social activist and an outspoken critic of the country’s powerful military establishment, passed away of cardiac arrest. She was 66.
•    She was the first woman to serve as the president of Supreme Court Bar Association of Pakistan.


Golden Globe Award Winner Musician Johann Johannsson Passes Away.
•    Acclaimed Icelandic musician and Oscar-nominated composer Johann Johannsson has passed away aged 48
•    In 2014, he was nominated for BAFTA, Grammy and Oscar awards for his score for ‘Theory of Everything,’ and won the Golden Globe award, making him one of the most well-known composers Iceland has produced
 

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Important Current Affairs 10th February 2019

NATIONAL


Great Indian Bustard (GIB) announced as the new mascot for the 13th UN Convention on the CMS COP-13.
•    Union Environment Minister, Dr. Harsh Vardhan, on Friday announced the Great Indian Bustard (GIB) as the mascot for the 13th Conference of Parties (COP) of the UN Convention on the Conservation of Migratory Species (CMS) to be held in Gujarat in 2020.The Government also launched a website for the COP-13.
•    CMS-COP 13 is a global platform for the conservation and sustainable use of migratory species and their habitats. It has over 120 participating countries. So far, 12 COPs (Conference of Parties) have been convened.
•     COP-13 will be held in Gandhinagar, Gujarat from 15 – 22 February, 2020

Union Minister Suresh Prabhu launches two schemes in Mumbai.
•    On February 9, 2019, Union Minister for Commerce and Industry Suresh Prabhu launched two schemes, the Hirkani Maharashtra chi and District Business Plan Competition in Mumbai.
•    OVER VIEW OF SCHEMES:
    Under Hirkani Maharashtra chi, women’s SHGs will display their business plan at taluka level. Ten groups will be selected from each taluka and Rs. 50,000 will be given to each SHG to implement their idea. Five SHGs at district level will be selected and Rs. 2 lakh will be given to each SHG to take the idea forward.
    Under District Business Plan Competition, competitors at district level will display ideas, out of which five ideas will be selected from agriculture, social service, education and Work order worth Rs. 5 lakh will be given to the 5 selected ideas to implement the same.

Health Ministry conducts 8th round of National Deworming Day campaign.
•    On February 8,2019,The Ministry of Health and Family Welfare (MoHFW) conducted its eighth round of National Deworming Day (NDD) with an objective to reduce the prevalence of Soil Transmitted Helminths (STH) or parasitic intestinal worms so that there will be no longer be public health problem.
•    The Ministry of Health and Family Welfare (MoHFW) envisioned an open-defecation-free India which holds the capacity to reduce the overall worm burden in a community.


 Voter verification and Information Programme was launched by Election Commission.
•    On 8th February 2019, Election Commission of India (ECI) launched a Voter Verification and Information Programme (VVIP) for citizens to verify their details, change the details, new registration and corrections. The programme focus on 2019 General Election.
•    The ECI has set up helpline centres in all districts in India. The voter helpline number is 1950 and they are well equipped with to help callers with latest information.
•     VVIP technology was launched during 2day training cum workshop on the use of Information and Communication Technology which was held in New Delhi.
•    ECI also launched a ‘PwD app’ to enable Persons with Disabilities (PWD) to request to change in address, change in particulars and new registration by using mobile application.
•     Voter Helpline app was also launched which will help voters to check their names in electoral roll, submit online forms, application status checking and complaints filing.

Two day Bengal Global Summit held in Kolkata.
•    On February 7, 2019, the fifth edition of West Bengal Global Business Summit was inaugurated by state Chief Minister Mamata Banerjee. It is a two day summit held in Rajarhat, Kolkata.
•    West Bengal bagged over Rs. 40,000 crore worth of investment proposals from Reliance, Group, ITC and others multinational companies on the first day of the business summit.
•     The summit came to an end with West Bengal government signing 86 agreements entailing business proposals worth 2.84 lakh crore.
•    West Bengal with a Gross State Domestic Product of USD 155.32 billion is the 4th largest contributor to India’s GDP and 6th contributor to India’s manufacturing GDP.

Assam’s Finance Minister presented 1,193 crore Deficit Budget.
•    Assam’s Finance Minister, Himanta Biswas has presented the fourth Deficit Budget of the state for the fiscal year 2019-20 in the legislative assembly which amounts to 1,193 crore.
•    This budget is the 2nd digital budget of the state
•    The total revenue of the budget in comparison with previous has increased by 20% and the total expenditure has crossed 70,000 crore.
•    The budget mainly focuses on dimensions of social security and capital expenditure.
•    Brides will be given one tola gold belonging to families having income of less than Rs. 5 lakh per annum.
•    Students who passes in 12th class examination with first division will be given e-bike
•    Widows below 45 years will be given immediate support of Rs. 25,000.
•    Rice would be sold at Rs.1 per kg to benefit poor families.
 

INTERNATIONAL


Multinational Maritime Exercise ‘Aman 19’ commenced in Karachi.
•    The 5-day multinational maritime exercise ‘AMAN-19’ in which 46 nations participated from all over the world was formally commenced at Pakistan Navy Dockyard, with a colourful flag hosting ceremony.
•    Pakistan’s Naval Chief, Admiral Zafar Mahmood Abbasi welcomed the participations of Exercise AMAN-19, the 6th episode of the AMAN initiative.
•    Principal aim to conduct this exercise is to facilitate a forum of understanding of each other’s maritime concepts and operation cultures and to produce ways and means to confront common threat at sea.
•    Commander Pakistan fleet, Vice Admiral Muhammad Amjad Khan Niazi genially welcomed the eminent participating nations for a mutual resolve with motto “Together for Peace”.
•    The exercise will have 2 phases- Harbour phase and sea phase.
 

BANKING AND FINANCE


Asian Development Bank raised $100 million in international market.
•    On 8th February 2019, The Asian Development Bank raised $100 million from peso-linked bonds in the international market. It was their maiden issue of Philippine peso.
•    The move will help to reduce foreign exchange risk for ADB’s borrowers and support its growing local currency lending operations in Philippines.
•    J P Morgan was the sole lead manager and bonds were fully placed with institutional investors in Asia, Europe and the Americas.
•    Earlier in 2005 and 2007 ADB issued bond in the Philippine domestic capital market but it was the first time to mobilize Philippine peso funding from international investors through a currency linked structure.
•    ADB is an international development finance institution and a regional development bank with a motto to fighting poverty in Asia and the Pacific.


RBI Doubles the limit of bulk deposits from Rs. 1 crore to Rs 2 Crore.
•    On 7th February 2019, Reserve Bank of India decided to treat deposits to over Rs.2 crore as ‘bulk’ as they doubled the limit for the same from the earlier Rs.1crore. This move will enhance operational freedom of Banks.
•     RBI also proposed banks would maintain their bulk deposits interest rate cards in the core banking system for supervisory review.
•    The right to offer differential rate of interest in bulk deposits as per their requirements and Asset Liability Management (ALM) projections is vested with banks.
•     For a similar maturity period interest rate on bulk deposits are marginally higher than smaller amount fixed deposits.
•    National Federation of Urban Cooperative Banks and Credit Societies Limited (NAFCUB) has suggested this proposal.
•    The decision in proposal for setting up an Umbrella Organization (UO) for urban cooperative banks in pending with RBI.


RBI fines Allahabad Bank Rs 1.5 crore for not monitoring fund use, fraud reporting delay.
•    On Feb. 8 2019, Allahabad Bank said the Reserve Bank of India (RBI) has imposed a penalty of Rs 1.5 crore on them for not monitoring end use of funds, delay in classification and reporting of fraud and non-adherence with RBI guidelines during restructuring of accounts in respect of one of its borrowers.
 

BUSINESS AND ECONOMY


Himachal’s growth rate projected at 7.3% in current financial year.
•    Economic Survey Report for 2018-19 has projected the growth rate in Himachal Pradesh to be around 7.3% for the current financial year, 2018-19, while the per capita income is estimated at Rs 1, 76,968. Economic growth was 6.5% in the last fiscal, highest in last 3 years.
•    Gross State Domestic Product (GSDP) in current fiscal has increased to Rs 1, 36,542 crore and estimated to be about Rs 1, 51,835 crore in 2018-19.
 

AWARDS AND RECOGNIZATION


Yes Bank wins the Aegis Graham Bell Award 2018 for ‘Innovation in Data Science’.
•    On Feb. 1 2019, Aegis Graham Bell Award 2018 announced Yes Bank as winner in ‘Innovation in Data Science’ category for their industry-first project ‘Yes EEE (Engage Enrich Excel)’ at Panaji, Goa. It was hosted by the Government of Goa.

Sena Medals awarded to 92 army men, including Lance Naik Wani.
•    Lieutenant General Ranbir Singh, GOC-in-C (General Officer Commanding), Northern Command, presented Gallantry and Distinguished Service Awards to army officers, other ranks and next of kin (for posthumous awards).
•    The army commander presented 1 Bar to Sena Medal (Gallantry), 76 Sena Medals (Gallantry), 7 Sena Medals (Distinguished) and 8 Vishist Seva Medals.
•    Lance Naik Wani was conferred with the Bar to Sena Medal (Gallantry), received by his wife on his behalf. The brave soldier had sacrificed his life while combating terrorists at Batagund Village in Jammu & Kashmir in November 2018.
•    20 units were also awarded for their overall outstanding performance in the Command Theatre in the year 2018.
 

APPOINTMENTS AND RESIGNATION


Radheyshyam Julaniya to replace Rahul Bhatnagar as Union Sports Secretary.
•    IAS officer (Madhya Pradesh cadre), Radheyshyam Julaniya will replace Rahul Bhatnagar as the Union Sports Secretary.
•    Bhatnagar has been released by the Sports Ministry and is set to join the Ministry on Panchayati Raj.
•    Notable achievements of the Sports Ministry during the tenure of Mr. Rahul Bhatnagar include opening of the National Sports University, Khelo India Youth Games, hosting international tournaments like Hockey World Cup in Bhubaneshwar and World Women’s Boxing Championship in New Delhi.
 

SCIENCE AND TECHNOLOGY


Helicopter-launched anti-tank missile ‘Helina’ test-fired in Balasore, Odisha.
•    India test-fired Helina, a helicopter-launched version of the Nag anti-tank guided missile, with a hit range of 7-8 km, from the Odisha Coast on Friday.
•    Helina was launched from an Army chopper and the weapon system was tested for its full range at 12:55 PM near the Integrated Test Range in Chandipur in the Balasore District of Odisha.
•    Developed by the Defence Research and Development Organisation (DRDO), Helina is said to be one of the most advanced anti-tank weapons in the world. It is guided by an Infrared Imaging Seeker (IIR) operating in the lock-on-before-launch mode.
 

SPORTS


Rohit Sharma becomes 1st Indian to smash 100 sixes in T20 Cricket.
•    Indian opener Rohit Sharma became the first man from his country to smash a century of sixes in T20I cricket in the second T20 between India and New Zealand held in Eden Park in New Zealand.
•    He made his T20I debut against England but played his first innings against South Africa in 2007 T20I.
•    Rohit Sharma surpassed Martin Guptill to become the highest scorer in T20 Internationals with 102 sixes.


Ricky Ponting has been appointed the assistant coach of Australia for 2019 World Cup.
•    On 8th February 2019, Cricket Australia appointed Ricky Ponting as assistant coach for Australia’s cricket team for 2019 World Cup. He had won world cup for three times.
•    The main coach for Australian Cricket team is Justin Langer. Ponting was appointed after David Saker’s resignation from the post.
•    Ricky Ponting worked as assistant for Australia’s T20 in 2017 and 2018. The current batting coach for the team is Graeme Hicks.
•    ICC Cricket World Cup 2019 Scheduled to be hosted by England and Wales from 30th May to 14th July 2019.
•    Ponting play 375 ODI’s and 168 tests for Australia. He won the World Cup for the 1st time in 1999 before captaining and in 2003 and in 2003 and 2007.
 

OBITUARY


British actor Albert Finney, five time Oscar nominee died at age of 82.
•    On February 9, 2019, five time Oscar nominated actor Albert Finney died at the age of 82 due to chest infection in London.
•    The veteran actor was best known for his roles in Tom Jones, Erin Brockovich and Annie.
 

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Important Current Affairs 9th February 2019

SCIENCE AND TECHNOLOGY


NASA: 2018 4th warmest year on record.
•    The global surface temperatures on the Earth in 2018 were the 4th warmest since 1880.
•    This was found in an independent analysis by NASA and the National Oceanic and Atmospheric Administration (NOAA).
•    The global temperatures in 2018 were 0.83 degree Celsius
2018’s temperatures rank behind those of 2016, 2017 and 2015.
 

BUSINESS AND ECONOMY


IRDAI imposes fine on United India Insurance.
•    Imposed a fine of Rs 9 lakh on state-owned United India Insurance Co Ltd for violating certain procedures.
•    3 violations were found during the inspection, of which 2 attracted the fine.
•    UIIC is headquartered in Chennai, while IRDAI is in Hyderabad.

SBI fined by RBI.
•    RBI slapped Rs 1 crore penalty on SBI, country's largest lender on 7th Feb 2019 for violating norms.
•    RBI levied the penalty in the exercise of powers conferred under Section 47 A of the Banking Regulation Act, 1949.
•    SBI was charged for not monitoring the end use of funds in respect of one of its borrowers.


RBI Monetary Policy of February.
•    RBI cuts key lending rate (repo) by 0.25 pc to 6.25 pc
•    Reverse repo rate cut to 6pcs, bank rate to 6.5pc, CRR unchanged at 4pc
•    Headline inflation estimates revised down to 2.8 pc in Q1, 3.2-3.4 pc in first half of next fiscal
•    Projects GDP growth to accelerate to 7.4 pc next fiscal, from 7.2 pc in 2018-19
 

Suresh Prabhu addresses interactive session.
•    An interactive session on the Indo-Africa Strategic Economic Co-operation was held in New Delhi on 6th Feb 2019.
•    It was organised by the Ministry of Commerce and Industry.
•    The bilateral trade between Africa and India has increased from $7 billion in 2001 to $78 billion in 2014 and then $60 billion in 2017.
•    Suresh Prabhu is the Union Minister of Commerce & Industry and Civil Aviation.
 

AWARDS AND HONORS


Yes Bank wins Data Science Innovation Award.
•    Yes, Bank was announced as the winner of the 9th edition of Aegis Graham Bell Award 2018 for its ‘Yes Engage Enrich Excel (EEE)’ project in data science.
•    Its EEE program is an industry-first analytics tool that aids the Bank’s relationship managers with top 3 talking points to engage with their customers.
•    Aegis Graham Bell Award promotes innovations and entrepreneurship in the ICT domain.

Sanjiv Chadha awarded in UK.
•    The State Bank of India’s UK Chief Mr Sanjiv Chadha has been honoured with the ‘Freedom of the City Of London’.
•    The award was given by the city of London Corporation in recognition of his contribution to promoting bilateral relations
•    The previous Indian recipient of the honour is Jawaharlal Nehru, the first PM of India. Other recipients include author J K Rowling and actor Dame Judi Dench.
 

APPOINTMENTS


Pradeep Singh became Civil Aviation Secretary.
•    The government appointed Air India Chief Managing Director and Chairperson Pradeep Singh Kharola as the secretary of the Ministry of Civil Aviation.
•    Kharola will take over from Rajiv Nayan Choubey.
•    He is an IAS officer of Karnataka cadre from the 1985 batch, who was named chairperson of Air India in November 2017.

NATIONAL


Nitin Gadkari laid foundation of NH project.
•    Union Minister of Road Transport and Highways, Nitin Gadkari, laid the foundation for 5 National Highway projects of length 632 km in Ayodhya on 8 Feb 2019
•    The estimated cost is Rs. 7195 crore and the project will establish direct connectivity from Ayodhya to Ambedkar Nagar and Chitrakoot.
•    He will also visit Prayagraj to inaugurate Phase 2 of River Information System on National Waterway-1.

Ujjwala Utsav observed by Oil industry.
•    Ujjwala Utsav was observed by the Oil industry in New Delhi on 7th Feb 2019
•    It was observed to celebrate the stellar role played by all stakeholders in making PMUY scheme a success.
•    PMUY anthem - 'Ujjwala Bharat Ujjwala' composed by Kailash Kher was also launched on the occasion.
 

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Important Current Affairs 8th February 2019

AGREEMENTS AND MOUS


MoU approved between India and Namibia
•    The Union Cabinet approved the MoU between India and Electoral Tribunal of Panama and Electoral Commission of Namibia on 6th Feb 2019.
•    It would promote bilateral cooperation, aimed at building technical assistance/ capacity support for the Electoral Commission of Namibia (ECN) and with Electoral Tribunal of Panama (ETP).
•    The Cabinet was chaired by PM Narendra Modi.


Cabinet Approvals: February 2019
•    MoU between India and Malaysia for Mutual Cooperation in the field of Company Secretary Ship.
•    MoU between India and Norway on India-Norway Ocean Dialogue
•    MoU between India and Brazil on cooperation in the field of Traditional Systems of Medicine and Homoeopathy.
•    MoU between India and Maldives for Establishing Mutual Cooperation to Improve the Ecosystems for Agribusiness.
•    MoU between India and the UAE on Development cooperation in Africa
•    Signing of Agreement between India and Ukraine for cooperation in Agriculture and Food Industry
•    The revised Office Memorandum pertaining to the Cabinet Note on “Amendment of Constitution to provide for reservation for Economically Weaker Sections”
•    MoU between India and Finland in the field of Biotechnology
•    MoU between India and Uzbekistan for promoting bilateral cooperation in the area of e-Governance.
•    Proposal for higher allocation of power to Home State from Under Construction Projects of NTPC Ltd.
•    Introduction of National Institutes of Food Technology, Entrepreneurship and Management Bill, 2019 in the Parliament.
•    Establishment of a unified authority for regulating all financial services in International Financial Services Centres (IFSCs) in India through International Financial Services Centres Authority Bill, 2019.
•    Establishment of Circuit Bench of Calcutta High Court at Jalpaiguri.
•    Establishment of Rashtriya Kamdhenu Aayog for Conservation protection and development of cows and their progeny.

Indian Coast Guard signed MoU with AAI.
•    Indian Coast Guard and the Airport Authority of India signed a Memorandum of Understanding at Coast Guard Regional Headquarters in Port Blair.
•    It is signed for coordination in the aeronautical, maritime search and rescue operations
•    The MoU with AAI is aimed at strengthening mutual interactions, interoperability, and validating procedures during the conduct of search and rescue operations.
 

NATIONAL


Amitabh Bachchan stars in national campaign
•    The Swachh Bharat Mission launched the 'Darwaza BandPart 2' campaign on 6th Feb 2019 in Mumbai.
•    The campaign was produced by the Ministry of Drinking Water and Sanitation was launched in the presence of iconic actor Amitabh Bachchan.
•    The campaign focuses on sustaining the open defecation free status of village across the country.

Textile Minister launched project India Size
•    Smt. Smriti Irani, the Union Minister of Textiles launched the India Size project in Mumbai on 6th February 2019.
•    It aims to arrive at a standard Indian size for the ready-to-wear clothing industry.
•    A size chart will be developed which will be specific to Indian consumer’s measurements.
•    The project is undertaken by the Ministry of Textiles.


Swine flu claimed 226 lives across the country
•    Swine flu has claimed 226 lives across the country, with the worst hit in Rajasthan claiming 85 deaths.
•    2,263 patients have been found positive with influenza as per the NCDC report.
•    A meeting was held on 6th February 2019 by the Ministry of Health headed by Preeti Sudan to take action to deal with it.
•    Swine flu is caused by H1N1 virus and has symptoms similar to the regular flu.

PM to flag off Vande Bharat Express.
•    Prime Minister Narendra Modi will flag-off Vande Bharata Express on 15th February, 2019 from the New Delhi Railway Station.
•    It is India's first engineless train.
•    The train has been manufactured by the Integral Coach Factory, Chennai and has become India's fastest train.
•    It hit the speed of over 180 kmph during a trial run at the Delhi-Mumbai Rajdhani route.
•    Earlier, it was named Train 18.

CCEA approves 12,000 MW power projects.
•    The CCEA chaired by PM Narendra Modi approved the proposal for setting up 12,000 MW Solar PV Power Projects
•    The proposal was by the Ministry of New and Renewable Energy for the implementation of the CPSU scheme Phase-II for setting up these projects.
•    The power projects will be set up in 4 years at a cost of Rs. 48,000 crores.

BUSINESS AND ECONOMY


Sixth Bi-Monthly Monetary Policy Statement, 2017-18 by Dr.Urjit Patel.
•    Reduce the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 6.5% to 6.25% with immediate effect.
•    The reverse repo rate under the LAF stands adjusted to 6.0%, and the marginal standing facility (MSF) rate and the Bank Rate to 6.5%.
•    The first advance estimates (FAE) has placed the growth of real gross value added (GVA) at 7.0% in 2018-19 as compared with 6.9% in 2017-18.

The Cabinet Committee of Economic Affairs (CCEA )approves creation of Agri-Market Fund
•    The Cabinet Committee of Economic Affairs chaired by PM Narendra Modi approved the creation of Agri-Market Infrastructure Fund (AMIF) on 6th Feb 2019.
•    It is being created for the up-gradation and development of agricultural marketing infrastructure in Regulated Wholesale Markets and Gramin Agricultural Markets.
•    A corpus of Rs. 2000 crore has been approved for the creation of the fund.
 

SUMMITS AND CONFERENCES


Dr Jitendra Singh delivers keynote.
•    Dr Jitendra Singh, Minister of the DoNER (The Ministry of Development of North Eastern Region), delivered a keynote address at the 'Parmanu Tech 2019' conference on 6th February 2019 at New Delhi .
•    It was organized by the Ministry of External Affairs and Department of Atomic Energy.
•    The conference also discussed issues related to Radiation Technologies and Nuclear Energy.
 

INTERNATIONAL


India-Germany join hands for cooperation.
•    The 3rd Indo-German Working Group for water and waste management concluded on 6th February 2019 in New Delhi.
•    Delegates from both the sides met and discussed potential cooperation in the field of water and waste management.
•    The Indian delegation was headed by Shri Anil Kumar Jain.
•    Third Indo-German Environment Forum will meet in New Delhi on February 13, 2019.

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Airtel gets payment from Jio for new poIs; joint testing now

Bharti Airtel sought Jio’s cooperation for timely testing and commissioning of the network ports.
•    Airtel said interconnect agreement provides for a commissioning period of 90 days.
•    The telecom operator said it has ensured there are no capacity constraints from its end. 
•    We hope Jio will extend its full cooperation to ensure timely testing and commissioning of the PoIs it said in a statement. 
•    Airtel released ‘demand notes’ for the additional PoIs on September 14 itself.
•    The payment against the demand notes was received in parts by Airtel on September 15, 2016 and September 16, 2016.
•    As per the bilateral agreement, Airtel and Jio will now have to jointly undertake the physical connection and testing of the PoIs. 
•    Consequent to successful testing of the PoIs, these will be opened for traffic. 

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ICICI Pru Life Rs. 6057 crore IPO

ICICI Prudential Life Insurance's IPO, worth up to Rs 6,057 crore and biggest for Indian markets in about six years, will hit the capital market on Monday.
•    Ahead of the IPO, ICICI Prudential has allocated over 4.89 crore shares at Rs 334, the top-end of the price band, aggregating Rs 1,635.33 crore to a clutch of anchor investors from India and abroad. 
•    It marks one of the biggest anchor investor placements in the Indian IPO market.
•    Among the 40-odd anchor investors are Morgan Stanley, Goldman Sachs, Nomura, Government Of Singapore, UTI MF, Russell Investment, GMO Emerging, SBI MF, Tata MF, HDFC Standard Life, Reliance, Birla Sun Life, Kotak Mahindra, IDFC,National Pension Service Managed By Oaktree Capital Management L P and The Boeing Company Employee Retirement Plans Master Trust.
•    The offer would constitute 12.63% of the company's post-offer paid-up equity share capital. 
•    At the upper end of the price band, the offer would be worth Rs 6,057 crore.
•    This would be the biggest initial public offering after Coal India. 
•    The state-run firm had hit the capital markets in 2010 to raise over Rs 15,000 crore.

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RCom-Aircel Merger to Create a Dominant Force


Anil Ambani-led Reliance Communications and Maxis Communications Berhad (MCB), promoters of Aircel, on 14 September 2016 agreed to merge their wireless businesses to form the fourth-largest telecom operator in the country.
The merger is termed as the biggest consolidation deal in India's telecom sector.
•    Sistema will continue to hold 10 per cent in standalone R-Com.
•    Both R-Com and Maxis will hold 50 per cent each in the new entity.
•    The merged company will be one of India’s largest private sector companies. It will have an asset base of over 65000 crore rupees and net worth of 35000 crore rupees.
•    The company will be managed by an independent professional team under the supervision of the board.
•    After completion of the merger in 2017, RCom’s overall debt will reduce by 20000 crore rupees or over 40 per cent of its debt.
•    Aircel’s debt will reduce by 4000 crore rupees.
•    It will enjoy enhanced business continuity through extended validity of spectrum holdings till 2033-35.

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