Sunday, February 09, 2020
Saturday, February 08, 2020
GS Score February 2020 1st Week Current Affairs PDF
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GS Score February 2020 1st Week Current Affairs PDF
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The HINDU Notes – 08th February 2020
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18:49
📰 Rates to fall despite RBI’s status quo
Repo rate kept unchanged at 5.15%
•The six-member Monetary Policy Committee of Reserve Bank of India (RBI) at a meeting on Thursday decided to keep the interest rates unchanged in the wake of a rise in inflation but emphasised that there would be space for rate reduction.
•This is the second straight policy review meeting when the rates had been kept unchanged. RBI reduced the rates by 135 bps between February and October 2019 before pressing the pause button in the December policy review.
Unanimous decision
•Thursday’s decision was unanimous among all the six members of the MPC.
•RBI Governor Shaktikanta Das acknowledged that the market had factored in status quo.
•“While this decision may be on expected lines, and perhaps widely discounted, it’s important not to discount RBI”, he said.
•“It has to be kept in mind that the central bank has several instruments at its command that can be deployed to address the challenges that the economy currently faces in terms of the sluggishness in the growth momentum,” he said.
•Two specific measures were taken by the central bank that could ease lending rates further. One, it opened a window to extend Rs 1 lakh crore to the commercial banks at the repo rate, which is 5.15%. Second, banks have been exempted from maintaining the cash reserve ratio - which is 4% of the net demand and time liabilities now - for home, auto and MSME loans that are extended from January 31 to July 31.
•“... it is an effort to ensure better monetary policy transmission,” Mr. Das said, explaining the objective behind the move.
•The GDP growth for the next financial year is projected at 6%, in the range of 5.5-6% in the first half of the FY21 and and 6.2% in Q3. The growth projection for the current financial year was 5%.
📰 India, African countries resolve to fight terror
Daily Current Affairs, 08th February 2020
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18:38
1) Disha Police Station inaugurated in Andhra Pradesh’s Rajamahendravaram
•The new Disha police station will have a mobile kit, counselor to collect medical and scientific evidence, and caretakers to help the victims who come to the station. These police stations will be set up in the remaining 17 police districts and Commissionerates across Andhra Pradesh.
•Andhra Pradesh state government enacted the Disha Act, in the aftermath of the gruesome rape and murder of a veterinarian in Hyderabad in November 2019. Disha act to ensure speedy investigation and trial of sexual assault cases. The Act prescribes the death penalty where rape or gangrape is established. Under the new law, the Andhra Pradesh government is opening 13 special courts in each district for expeditious trial of such cases.
2) “Drones” to be used for mapping of villages in Madhya Pradesh
•Drones will be used for the mapping of 55 thousand villages of the state on a scale of 1:500. The mapping on such a scale will provide a clearer picture of the population area. This work of land survey in the state was earlier used to be done with the help of satellite images.
3) Astronaut Christina Koch returns to Earth after record stay in space
•Christina Koch landed in Kazakhstan after staying for 328 days on the International Space Station. With her 328 days stay, she has set the record for the longest stay in space by a woman. She came back to earth in Soyuz MS-13 capsule along the European astronaut Luca Parmitano of Italy and Russian cosmonaut Alexander Skvortsov.
•Christina Koch’s 328 days long mission is expected to give new insights into deep-space travel as well as valuable data regarding how weightlessness and space radiation affects the female body on long spaceflights.
4) NPCI approves WhatsApp to expand its UPI project 10 million users
•Since 2018, WhatsApp is running its pilot project “WhatsApp Pay” for one million users and has finally got the approval from NPCI to expand its customer base.
5) SC appoints C N R Nair to make inventory of ornaments at Sabarimala temple
•The Sabarimala temple is located at Sabarimala inside the Periyar Tiger Reserve in Pathanamthitta district of Kerala, India. Sabarimala Sree Dharma Sastha Temple is dedicated to Lord Ayyappa. This temple is the most famous and prominent among all the Sastha temples in Kerala.
6) PFRDA increases minimum net worth for pension fund managers to Rs 50 cr
•The fresh guidelines states that the licenses issued to the pension fund managers will remain valid until cancelled by the regulator as compared to the five years validity of the previously granted licenses. So, new guidelines will made provision for licenses to have indefinite validity and hence, will help the pension sector to grow to new levels.
7) World’s first bulletproof helmet developed by Indian Army
•Major Anoop Mishra has also developed a full-body protection bulletproof jacket which can withstand even sniper rifles. He is a part of the Indian Army’s College of Military Engineering. He started developing the bulletproof jackets when he received gunshots on his vintage bulletproof jacket.
•Along with bulletproof helmet, India’s first and world’s cheapest gunshot locator has been developed by Indian Army’s College of Military Engineering in partnership with a private firm. The gunshot locator can locate the bullet’s exact location from the distance of 400 meters. This locator will help the Indian Army personnel to easily locate and neutralise the terrorists.
•The College of Military Engineering (CME) is based in Pune. It is a premier tactical & Technical training institution and responsible for the training of personnel of the Corps of Engineers. It also imparts instructions in Works Services, Combat Engineering, CBRN Protection and GIS matters to the personnel of All Arms & Services.
THE HINDU NEWSPAPER IMPORTANT ARTICLES 08.02.2020
GS SCORE Union Budget 2020-2021: Highlights & Analysis
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GS SCORE Union Budget 2020-2021: Highlights & Analysis
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Insights IAS Revision Through MCQs January 2020 PDF
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Insights IAS Revision Through MCQs January 2020 PDF
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Insights IAS STATIC MCQ January 2020 PDF
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Insights IAS STATIC MCQ January 2020 PDF
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Insights IAS Current Affairs Quiz January 2020 PDF
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Insights IAS Current Affairs Quiz January 2020 PDF
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Employment News 08 February to 14 February 2020 Download pdf
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Download Employment News pdf of this week 08 February to 14 February . Check latest job recruitment
Employment News pdf This Week - 08 February to 14 February.
Hey Aspirants, its the latest for free of Employment Weekly Magazine. You can check latest job recruitment at various office/board. You can check upcoming vacancies and for this week/month. To download this employment magazine click on the link given below.
Click Here to download Employment News 08 February to 14 February – Download pdf
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