Top GKToday’s News Headlines-7 February 2020

Here are Top GKToday’s News Headlines for February 7, 2020

INDIA

  • President presents International Gandhi Awards for Leprosy to Dr N S Dharmashaktu (Indian nomination-individual category) and the Leprosy Mission Trust (institutional category)
  • Philip Barton appointed Britain’s new High Commissioner to India
  • Defence Minister Rajnath Singh holds talks with his Madagascan counterpart Lt Gen Rokotonirina Richard in Lucknow
  • Indian firm JSR Dynamics launches indigenous 180 km strike range air to ground missile Khagantak
  • First India-Africa Defence Ministers’ Conclave held in Lucknow
  • India-Russia Military Industrial Conference (IRMIC) held in Lucknow
  • J&K administration renames Public Health Engineering & Irrigation and Flood Control Department (PHE&IFC) as ‘Jal Shakti Department’
  • Glass floor bridge to replace Lakshman Jhula over Ganga in Rishikesh that was closed in 2019
  • Odia & English writer Manoj Das wins Mystic Kalinga Literary Award (Indian and Global Languages) in Bhubaneswar

MONETARY POLICY REVIEW

  • RBI opted for a status quo on benchmark interest rate in its sixth bi-monthly monetary policy statement, 2019-20.
  • Policy repo rate under the liquidity adjustment facility (LAF) unchanged at 5.15%.
  • Consequently, the reverse repo rate under the LAF remains unchanged at 4.90%
  • Marginal standing facility (MSF) rate and the Bank Rate unchanged at 5.40%
  • All six members of Monetary Policy Committee vote in favour of maintaining status quo on interest rate
  • Accommodative stance to revive growth maintained; inflation to remain elevated in short-run
  • GDP growth for 2020-21 fiscal pegged at 6%
  • Retail inflation projection revised upwards to 6.5% for January-March quarter
  • Pricing of loans by banks for the medium enterprises to be linked to an external benchmark effective April 1
  • Time for restructuring of GST-registered MSME loans extended till December 2020, from March 2020 at present
  • RBI to periodically publish a composite ‘Digital Payments Index’ (DPI) from July 2020
  • DPI will capture the extent of digitisation of payments

ECONOMY & CORPORATE

  • India International Seafood Show (IISS) being organised by MPEDA and SEAI in Kochi from February 7 to 9; theme: “Blue Revolution – Beyond Production to Value Addition”
  • MPEDA: Marine Products Export Development Authority, SEAI: Seafood Exporters Association of India
  • Emami Group sells cement business to Nirma Group for Rs 5,500 crore
  • Mercedes-Benz launches luxury multipurpose vehicle V Class Marco Polo at Rs 1.38 crore

WORLD

  • US President Donald Trump acquitted of all impeachment charges by Republican-majority Senate
  • US launches 27-nation International Religious Freedom Alliance aimed at protecting and preserving religious freedom across the world
  • NASA’s Christina Koch returns to Earth after 328 days aboard the International Space Station; had broken record for longest spaceflight of 9 days by a female held by another NASA astronaut Peggy Whitson
  • Kirk Douglas, American actor, producer and director, dies at 103
  • International Day of Zero Tolerance to Female Genital Mutilation observed on February 6; theme: “Unleashing Youth Power: One decade of accelerating actions for zero female genital mutilation”

SPORTS

  • Rohit Rajpal to continue as India’s Davis Cup captain
  • Sports Authority of India, Hockey India launch High Performance Centres in 7 places across the country

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