National Affairs
PM Modi announces setting up of ‘Shri Ram Janmabhoomi Teerth Kshetra’
Prime Minister Narendra Modi announced in the Parliament that Cabinet has approved the Ram Mandir Trust as ‘Shri Ram Janmbhoomi Teerth Kshetra’.
There will be 15 trustees in Shri Ram Janmabhoomi Teerth Kshetra Trust while one trustee will always be from Dalit Society. K.Parasaran has been appointed the chairman of the trust, take decision-related to the construction of the temple.
The trust has been set up on the lines of Supreme Court direction to the central government in November 2019 to formulate a scheme with necessary provisions for the setting up of a trust within three months for the construction of the temple.
Atal Innovation Mission collaborates with Ministries to stimulate Innovation in various sectors
Atal Innovation Mission, NITI Aayog has begin a series of innovation demo days. The series aims to unite the stakeholders of the food processing and agriculture sector in India. The innovation demo days will act as a platform where start-ups, Micro, Small and Medium Enterprises (MSMEs), entrepreneurs, corporate partners and sector academics are brought together to be spectator of government-funded innovations.
East Asia Summit On Maritime Cooperation To Be Held In Chennai
The Ministry of External Affairs is to organize East Asia Summit in Chennai. This is the fifth time the conference is being held in India. The conference is to be held in cooperation with the governments of Australia and Indonesia.
About Tamil Nadu:
- Capital: Chennai
- Chief Minister: Edappadi K. Palaniswami
- Governor: Banwarilal Purohit
International Affairs
G7 to work with WHO, EU, China to tackle nCoV; Hong Kong reported 1st Coronavirus death
The G7(Group of 7) countries has announced to work with the World Health Organisation(WHO), the European Union (EU) and People’s Republic of China, inorder to tackle the recent outbreak of Novel Coronavirus(nCoV). Meanwhile Hong Kong has reported the 1st nCoV death. Hong Kong was the 2nd place outside mainland China to report the death of a coronavirus patient.
About G7:
- Founded- 1975.
- Members countries- 7 (Canada, France, Germany, Italy, Japan, the United Kingdom(UK) and the United States)
Romania’s pro-European government collapses after no-confidence vote
Romania’s pro-European government collapsed in a parliamentary no-confidence vote yesterday after only three months in office.
A total of 261 of 465 MPs voted in favour of a motion against the minority government led by Ludovic Orban, which took over in November. President Klaus Iohannis must now appoint a new Prime Minister who in turn must try to assemble a majority.
About Romania:
- President- Klaus Iohannis.
- Capital – Bucharest
- Currency – Romanian leu
Financial Affairs
Reliance General Insurance Launches A Comprehensive Health Insurance Plan “Infinity”
Reliance General Insurance, a part of Reliance Capital, launched a comprehensive health insurance plan “Reliance Health Infinity”. This product is specially designed to focus and support the healthcare needs of retail customers with unique benefits. The policy offers 90 days pre and 180 days post hospitalization cover, along with sum insured ranging from Rs 3 lakh to Rs 1 crore, and free restore benefits.
About Reliance General Insurance:
- Headquarters – Mumbai, Maharashtra.
- ED and CEO – Rakesh Jain
Agreements
IOCL signs first Term contract for importing Russian crude oil to India
The Minister of Petroleum & Natural Gas and Steel, Shri Dharmendra Pradhan and Mr Igor Sechin, CEOand Chairman of Rosneft signed the 1st ever term contract. The term contract is between State-Owned Indian Oil Corporation Limited (IOCL) and Rosneft for Importing 2 Million Metric Tonnes of Urals grade crude oil to India for the year 2020.
India is the 3rd largest Energy Consumer in the world, India imports globally 83% of oil to meet its oil need. India has to enlarge its sources for oil imports away from the Middle East oil producing Countries.
About Russia:
- Capital- Moscow
- Currency- Russian Ruble
- President- Vladimir Putin.
About IOCL:
- Headquarters- New Delhi,
- Chairman- Sanjiv Singh
- Founded- 1959
Banking Affairs
6th Bi-monthly monetary policy 2020 released by RBI
The Reserve Bank of India (RBI) announced its 6th Bi-Monthly Monetary Policy Rates for 2020-21 in Mumbai, Maharashtra. The three-day (February 4-6,2020) policy review meeting by the 6 members of Monetary Policy Committee (MPC) was headed by RBI Governor Shaktikanta Das with the members Dr. Chetan Ghate, Dr. Pami Dua, Dr. Ravindra H. Dholakia, Dr. Janak Raj, Dr. Michael Debabrata Patra. RBI estimates GDP growth rate estimated to be 6% in FY21.
| Policy Rates under Liquidity Adjustment Facility (LAF) | |
| Repo Rate | 5.15% |
| Reverse Repo Rate | 4.90% |
| Marginal standing facility (MSF) Rate | 5.40% |
| Bank Rate | 5.40% |
| Cash reserve Ratio (CRR) | 4% |
| Statutory Liquidity Ratio (SLR) | 18.25% |
Awards
Uddhav Thackeray presents award to veteran journalist Raikar
Maharashtra Chief Minister Uddhav Thackeray presented an award to senior journalist Dinkar Keshav Raikar for his contribution to journalism. Raikar was given the lifetime achievement award instituted by the Mantralaya & Vidhimandal Vartahar Sangh.
Other winners of the best journalist award for 2019 under different categories are Janhavi Patel (Tarun Bharat, Belgaum), Rahul kulkarni (ABP Ananda Bazar Patrika, Majha) and Sanjay Bapat (Loksatta).
Saima Yunus Khan Becomes First Indian To Receive IADR Fellowship
Dr Saima Yunus Khan, Chairperson, Dept of Paediatrics & Preventive Dentistry of Dr Z A Dental College, Aligarh Muslim University became the 1st Indian to be granted with the famous International Association of Dental Research John Clarkson Fellowship.
Important Points:
- Headquarters of International Association of Dental Research (IADR): Alexandria, USA.
Appointments
Sourav Ganguly to be Indian team’s Goodwill Ambassador for Tokyo Olympics
The Indian Olympic Association has invited BCCI President Sourav Ganguly to become the Goodwill Ambassador of the Indian contingent at the Tokyo Olympics this year. The Tokyo Olympic Games will be held from July 24 to August 9.
About Indian Olympic Association:
- President: Narinder Dhruv Batra.
- Headquarters: New Delhi.
Rishabh Pant appointed as brand ambassador of JSW Steel
JSW steel has appointed Indian cricketer Rishabh Rajendra Pant as its brand ambassador. His contract term will be for a period of 3 years and will promote JSW steel products such as SW Colouron+ color coated sheets & JSW Neosteel TMT bars etc.
About JSW Steel:
- Headquarters- Mumbai,Maharashtra.
- Founder- Sajjan Jindal.
Jeff Weiner becomes Executive Chairman of LinkedIn
Jeff Weiner became the Executive Chairman (EC) of Linkedin. He was the CEO (Chief Executive Officer) of Linkedin for the past 11 years. Linkedin is the professional networking company owned by Microsoft. Ryan Roslansky, senior Vice President (VP) of Linkedin will become the CEO of the company as of June 1. He is the successor of Jeff Weiner.
About LinkedIn:
- Founded – December 28, 2002.
- Headquarters- California, US (United States).
Sports Affairs
Weightlifter Sambo Lapung wins gold with national record of 188kg
Weightlifter Sambo Lapung has won the gold medal in the men’s 89kg event of the National Weightlifting Championships held in Kolkata. He has made a new national record of 188kg in clean and jerk event in men’s 89kg. Heis from Arunachal Pradesh.
In the women’s event, Rakhi Halder has won the gold medal in the 64kg event. She won the gold medal with a total of 210kg defeating her nearest competitor Harjinder Kaur who registered 200kg in the event.
Avishek Becomes Youngest Cricket Association Bengal President
Former BCCI president late Jagmohan Dalmiya’s son Avishek became the 18th and the youngest president of Cricket Association Bengal (CAB). Avishek, 38, was holding the post of joint secretary before his elevation.
BCCI president Sourav Ganguly’s elder brother Snehasish Ganguly, a former Bengal left-hander, is the new joint secretary.
Obituaries
Former Assam Assembly Speaker Pranab Kumar Gogoi passes away at 84
Former Speaker of Assam Legislative Assembly and sitting Congress MLA Pranab Kumar Gogoi passed away. Pranab Gogoi served as a minister in Tarun Gogoi-led cabinet from 2006-2011.He was elected as the Speaker of the Assam Legislative Assembly in 2011. In 2015, Pranab Kumar took the definition of the term ‘Assamese’.
Important Days
International Day of Zero Tolerance for Female Genital Mutilation
International Day of Zero Tolerance for Female Genital Mutilation is a United Nations – sponsored annual awareness day that takes place on 6th February as part of the UN’s efforts to eradicate female genital mutilation.
This year theme is ‘Unleashing Youth Power: One decade of accelerating actions for zero female genital mutilation’. The theme focuses on mobilizing youth to eradicate harmful practices against women including FGM and to end FGM by 2030.
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