Top GKToday’s News Headlines-1 February 2020

Here are Top GKToday’s News Headlines for February 1, 2020

INDIA

  • Budget Session of Parliament starts with an address by President Ram Nath Kovind to the joint sitting of two Houses of Parliament

ECONOMIC SURVEY 2019-20 HIGHLIGHTS

  • The Economic Survey 2019-20 was tabled in Parliament on January 31, 2020.
  • Theme: Enable Markets, Promote ‘Pro-Business’ Policies and Strengthen ‘Trust’ in the Economy
  • GDP growth pegged at 6-6.5% in fiscal year starting April 1, up from 5% in current fiscal
  • Share of formal employment increased from 17.9% in 2011 -12 to 22.8% in 2017-18
  • India ranks 3rd in number of new firms created; 1,24,000 new firms created in 2018
  • To achieve GDP of USD 5 trillion by 2024-25, India needs to spend about USD 1.4 trillion over these years on infrastructure

ECONOMY & CORPORATE

  • Govt. revises downwards the economic growth rate for 2018-19 to 6.1% from 6.8% estimated earlier
  • Alliance Air, a wholly-owned subsidiary of Air India, launches Bhubaneswar-Varanasi flight; 250th route operationalised under RCS – UDAN (Regional Connectivity Scheme – Ude Desh Ka Aam Nagrik)
  • India bans export of all kind of respiratory masks used to protect people from air borne particles
  • Auto component maker Omega Seiki launches electric three wheeled cargo vehicles under brands Singha and Singha Max
  • Abidali Z Neemuchwala quits as CEO and MD of Wipro

WORLD

  • Ajay Bisaria appointed India’s High Commissioner to Canada
  • WHO announces ‘public health emergency of international concern’ over the coronavirus crisis in China and other nations
  • Indian-origin Arvind Krishna named new CEO of IBM
  • Dr Pratap Chauhan of Jiva Ayurveda wins Ayurveda Ratan Award at the European Parliament in Brussels, Belgium
  • NASA decommissions Spitzer Space Telescope after 16 years of operation
  • Daniel K. Inouye Solar Telescope (DKIST), the world’s largest solar telescope in Hawaii (US), captures its first image of the sun
  • China: Year of the Rat starts with the Spring Festival on January 25

SPORTS

  • Australian Open tennis in Melbourne: France’s Kristina Mladenovic and Timea Babos of Hungary win women’s doubles title
  • Russia’s David Paravyan wins Gibraltar International Chess Masters Festival
  • Indian women’s team captain Rani Rampal becomes first ever hockey player to win World Games Athlete of the Year’ award
  • India beat New Zealand via Super Over in the fourth T20 International at Westpac Stadium, Wellington

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