04 April 2019 - Daily Current Affairs

04 April 2019 - Daily Current Affairs

04 April 2019 - Daily Current Affairs

1. RBI cuts repo rate by 25 basis points

  • Today, Reserve Bank of India (RBI) has announced its first Bi-monthly Monetary Policy Rates for 2019-20 in Mumbai.
  • The Bi-monthly policy has been released based on the assessment of the Monetary Policy Committee of the Reserve Bank of India (RBI).
  • The six-member Monetary Policy Committee (MPC) led by RBI Governor also decided to maintain the neutral monetary policy stance.
  • The RBI reduced the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points to 6.0 per cent from 6.25 per cent with immediate effect.
  • Consequently, the reverse repo rate under the LAF stands adjusted to 5.75 per cent.
  • The marginal standing facility (MSF) rate and the Bank Rate to 6.25 per cent.
Source: AIR News

2. RBI sets WMA Limit for Government at Rs 75000 crore for H1 of 2019-20

  • The Reserve Bank of India (consultation with the Government of India) has decided that the limits for Ways and Means Advances (WMA) for the first half (April- Sep 2019) of the financial year 2019-20 will be Rs 75000 crore.
  • The Reserve Bank may trigger fresh floatation of market loans when the Government of India utilises 75% of the WMA limit.
  • The Reserve Bank retains the flexibility to revise the limit at any time, in consultation with the Government of India.
  • The interest rate on WMA will be Repo Rate and overdraft will be 2% above the Repo Rate.
Source: Business Standard

Important Dates

3. 4th April: International Mine Awareness Day

  • International Mine Awareness Day (IMAD) is being organized across the world on 4th April to foster the establishment and development of national mine-action capacities in countries.
  • The Theme for IMAD 2019 is “United Nations Promotes SDGs – Safe Ground – Safe Home”.
  • On 8 December 2005, the General Assembly declared that 4 April of each year shall be observed as the International Day for Mine Awareness and Assistance in Mine Action.
Source: UN.org

National Affairs

4. Telangana tops in eLearning training for field staff

  • Telangana state has ranked number one by reaching 20,000 field staff during 2018-19 in eLearning training.
  • This is the second year in succession that the State got the distinction under the Department of Personnel and Training (DoPT).
  • Dr MCR HRD Institute enrolled over 20, 000 field staff in different districts of the State to impart training on 12 soft skills modules and three domain-specific modules.
Source: The Hindu Business Line

5. India signs an agreement to set agriculture institute in Malawi

  • India signed an agreement with a development bank (National Bank for Agriculture and Rural Development Consultancy Service) for setting up the India-Africa Institute of Agriculture and Rural Development (IAIARD) in Malawi.
  • IAIARD will be a Pan-African Institute wherein trainees not only from Malawi but also from other African countries.
  • The travel, logistics and training course expenses for students from other African countries will be borne by the Government of India for an initial period of three years.
  • This institute will be the first of its kind developed in an African country by India.
Source: Business Standard

6. Maitri Bridge over Indus in Leh opened to the public

  • The longest suspension bridge (260-foot) over the Indus River at Choglamsar village in Leh was opened to the public.
  • The bridge has been named 'Maitri Bridge', symbolising the excellent civil-military relations existing in the Leh-Ladakh region.
  • It was constructed by the combat engineers (Sahas aur Yogyata Regiment) of the Fire and Fury Corps of the Indian Army in a record time of 40 days, ferrying almost 500 tons of equipment and construction material.
Source: The Statesman

 International Affairs

7. WhatsApp launches 'tipline' to tackle rumours ahead of elections

  • WhatsApp launched a new service in India named as 'tipline' to tackle rumours ahead of the 2019 Lok Sabha elections.
  • It allows users to submit for review messages they think are misleading or carry unsubstantiated information, in the latest of a series of steps to curb misinformation on the messaging platform.
  • Users can send suspicious messages to the 'tipline phone number' (+91-9643-000-888) to validate the authenticity of claims in those messages, which may be in the form of text, images or videos.
  • The service will respond by classifying the said information as “true, false, misleading, disputed or out of scope and (may) include any other related information that is available.
  • Users can check the authenticity of the information or rumours received on the platform by reporting the forward to the WhatsApp number +91-9643-000-888.
Source: The Hindu

8. Mayuri Kango is now Google India industry head

  • Mayuri Kango has now joined Google India as its industry head.
  • Earlier, Mayuri Kango Kango was the managing director of Performics Resultrix, part of the Publicis Group.
  • She has also worked with Digitas as associate director, media and Zenith as chief digital officer.
  • At the age of 15-years, Kango chose films over getting enrolled in IIT Kanpur and went on to make her acting debut with National Award-winning film ‘Naseem’.
  • She later appeared in films like ‘Papa Kehte Hain’, ‘Betaabi’, ‘Hogi Pyaar Ki Jeet’, ‘Badal’ and ‘Papa the Great’.
Source: Indian Express

 Honours & Awards

9. UAE awards PM Modi with highest civilian honour for boosting ties

  • United Arab Emirates (UAE) has conferred its highest civilian honour ‘Zayed Medal’ to PM Narendra Modi for his role in consolidating ties between the UAE and India.
  • UAE President Sheikh Khalifa bin Zayed Al Nahya has conferred Mr. Modi the highest decoration awarded to kings, presidents and heads of states.
  • The award came in appreciation of Narendra Modi's role in consolidating the long-standing friendship and joint strategic cooperation between the two countries.
  • The Indian Prime Minister had played a pivotal role in enhancing bilateral ties to the level of comprehensive strategic relations.
  • The Zayed Medal is the United Arab Emirates' highest civil decoration.
Recipients of Zayed Medals
Names Dates
Narendra Modi (Prime Minister of India) 4 April 2019
Isaias Afwerki (President of Eritrea) 24 July 2018
Abiy Ahmed (Prime Minister of Ethiopia) 24 July 2018
Xi Jinping (Chinese President) 20 July 2018
 Source: The Times of India

10. Pawan Munjal felicitated by Asian Tour for contribution to Golf in Asia

  • Dr. Pawan Munjal, Chairman, Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, was felicitated by the Asian Tour with a Special Achievement Award for his contributions to Asian Golf.
  • Dr. Munjal was presented with a special salver by leading Indian golfer Shiv Kapur, representing the players on the Asian Tour.
  • Pawan Munjal Felicitated By Asian Tour For Contribution To Golf In Asia
Source: Business Standard


11. Saurav Ghosal becomes first Indian male squash player to enter top 10 of PSA rankings

  • India’s Saurav Ghosal has become the first Indian male squash player to enter the top 10 in the latest PSA world rankings.
  • Before Saurav Ghosal, only two Indian women players (Joshna Chinappa and Dipika Pallikal) had made it to the top 10 in the world rankings.
  • Egypt's world champion Ali Farag maintains his position at the top of the ladder.
Source: The Times of India

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