18 February 2020 - Daily Current Affairs

18 February 2020 - Daily Current Affairs

18 February 2020 - Daily Current Affairs

1. DMart’s Noronha wealthiest CEO in India

  • As per the report published by Economic Times, Ignatius Navil Noronha, the chief executive of DMart operator Avenue Supermarts, is the wealthiest non-promoter professional in India.
  • He has a net worth of Rs 3,128 crore calculated on the basis of the stocks they own in the companies.
  • MD of HDFC Bank  Aditya Puri and Ramakant Baheti, Chief Financial Officer (CFO) - Avenue Supermarts are at second and third place in the list respectively. 
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2. Asian Wrestling Championship begins in New Delhi

  • Asian Wrestling Championship has begun in New Delhi today.
  • It will be held at the KD Jadhav Hall of Indira Gandhi Stadium till 23rd Feb.
  • The event will have a total of 30 weight classes, 10 each in Freestyle Men, Women, and Greco Roman.
  • The Championship will begin with Greco-Roman events, followed by women wrestling and men's freestyle.
  • On day 1 of the tournament, 55, 63, 77, 87 and 130 kg wrestlers will take to the mat to prove their mettle.
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 National Affairs

3. ISRO plans to launch 10 surveillance satellites in 2020-21

  • The Department of Space has published its annual report.
  • As per the report, the Indian Space Research Organisation is planning to launch 10 earth observation satellites with space surveillance feature during 2020-21.
  • It includes the first Geo Imaging Satellite, GISAT-1.
  • The Earth Observation satellites to be launched includes RISAT-2BR2.
  • The RISAT-2BR2 with its fleet of predecessors RISAT-2B and RISAT-2B1 will be placed 120 degrees apart.
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 State Affairs

4. Maharashtra Govt. renamed Latur Medical College after Vilasrao Deshmukh

  • Maharashtra Chief Minister Uddhav Thackeray has approved the renaming of the Latur Medical College as Vilasrao Deshmukh Institute of Medical Sciences.
  • The late Vilasrao Deshmukh had served as the former CM of Maharashtra.
  • His son, Amit V Deshmukh is serving in the Maharashtra Cabinet as the Minister for Medical Education and Culture in the Maha Vikas Aghadi (MVA) government.
  • Amit is also the sitting MLA from the Latur City constituency.
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 National Affairs

5. Finance Commission constitutes High Level Expert Group on Agri Exports

  • The 15th Finance Commission has decided to constitute a High-Level Expert Group on Agriculture Exports.
  • The group will be headed by ITC chairman and managing director Sanjiv Puri.
  • The committee will recommend measurable performance incentives for states to encourage agri exports. 
  • The members of the committee include Radha Singh, Paban K. Borthakur, Suresh Narayanan, Jay Shroff, Sanjay Sacheti and Sachin Chaturvedi. 
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 Summits & Conferences

6. 4th National Conference on PMFBY inaugurated in Udaipur

  • The 4th National Conference on Review of Implementation of Pradhan Mantri Fasal Bima Yojana (PMFBY) inaugurated in Udaipur, Rajasthan by Sanjay Agarwal, Secretary, Ministry of Agriculture & Farmers Welfare.
  • Around 140 members representing different states, banks, insurance companies, RBI, NABARD have participated in it. 
  • The Ministry of Agriculture had previously organised first three editions Conference in Lucknow, Bangalore, and Guwahati
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 Honours & Awards

7. Election Commission gets Silver award for Excellence in Government Process

  • The Election Commission of India has been awarded ‘Silver’ for Excellence in Government Process re-engineering for digital transformation for the year 2019-20.
  • The award seeks to recognize the projects that involved analysis and re-design of the workflow. 
  • The award was presented during the 23rd National Conference on e-Governance by Department of Administrative Reforms and Public Grievances. 
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8. New World Bank Project to Improve Groundwater Management in India

  • The Government of India and the World Bank has signed a $450 million loan agreement to support the national programme to arrest the country’s depleting groundwater levels. 
  • The World Bank-supported Atal Bhujal Yojana (ABHY)National Groundwater Management Improvement Programme will be implemented in the states of Gujarat, Maharashtra, Haryana, Karnataka, Rajasthan, Madhya Pradesh, and Uttar Pradesh and cover 78 districts.

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 State Affairs

9. Punjab to honour cops under 'Appreciate and Commend' scheme

  • In a bid to keep the morale of cops high, the Punjab Police have launched 'Appreciate and Commend' scheme.
  • Nominations will be sought from police chiefs of various districts by the 25th of every month, and these will be screened by a committee comprising senior Police Officers. 
  • The names would be announced by the 5th of every month.
  • The initiative was launched during a high-level meeting of the top brass of the Police in Phillaur.
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 State Affairs

10. Ambala city bus stand renamed after late Sushma Swaraj

  • The Ambala city bus stand was renamed after late external affairs minister and BJP veteran Sushma Swaraj.
  • Swaraj was born in Ambala Cantt and was elected MLA twice from here.
  • The veteran BJP leader, who brought a rare empathy and a human approach to India's foreign diplomacy, passed away last year at the age of 67.
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 Books & Authors

11. "Chanakya Niti: Verses on Life and Living" Published by Penguin India

  • The famous aphorisms of the ancient master of statecraft Chanakya were translated in the form of a book by AND Haksar.
  • The book titled "Chanakya Niti: Verses on Life and Living" is published by Penguin India.
  • These sayings are mainly about everyday life and living called Chanakya Niti as a whole, these epigrammatic verses of observation and advice have frequently been quoted in later Sanskrit works and anthologies and many are still remembered.
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12. "United by Emotion" to be 2020 Tokyo Olympics Motto

  • The Tokyo Organising Committee of the Olympic Games revealed the official motto, "United by Emotion" for the 2020 Olympics.
  • The Motto emphasises the power of sport to bring together people from diverse backgrounds to connect and celebrate in a way that reaches beyond their differences.
  • The Games motto will be displayed - in English only. 
  • The Tokyo 2020 Olympics will take place from July 24 to August 9
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 National Affairs

13. Institute for Defence Studies and Analyses Renamed after Manohar Parrikar

  • The Government of India has decided to rename 'The Institute for Defence Studies and Analyses' (IDSA) as ‘Manohar Parrikar Institute for Defence Studies and Analyses’.
  • The decision has been taken to honour the commitment and legacy of late Manohar Parrikar.
  • It will align the vision and aspiration of the premier defence Institute with the contribution of the former Raksha Mantri and Padma Bhushan awardee.
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14. India's Koneru Humpy wins Cairns Cup chess tournament

  • World Rapid Champion, Koneru Humpy has won the 2nd edition of Cairns Cup chess tournament.
  • Humpy won the title after winning six points off nine rounds. 
  • Reigning world champion Ju Wenjun finished at the second spot while Russia's Alexandra Kosteniuk came third.
  • Last year, Koneru managed to win the 2019 women's world rapid chess championship.
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 Banking & Finance

15. Moody’s cuts India’s 2020 GDP growth forecast to 5.4%

  • Moody’s Investors Service has slashed its 2020 growth projection for India from 6.6% earlier to 5.4%.
  • The agency expects a shallower recovery in Asia’s third-largest economy, considering that global growth will likely take a hit following the virus outbreak in China.
  • Also, Mody has revised its growth forecasts to 5.8% for 2021, down from previous projections of 6.7%.
  • Moody’s also estimates that G20 economies will grow at a rate of 2.4 % in 2020. 
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