Current Affairs Quiz - February, 2020

Notes:
Fitch Ratings recently released its forecast for India’s economic growth for the next financial year. It estimated a growth rate of 5.6 per cent, which is lower than the 6-6.5 per cent growth rate, as projected by the Indian government in its recent Economic survey 2019-20.
The agency also stated that the Union budget recently presented did not alter its view towards the growth prospects of the country. The agency has affirmed the ‘BBB- rating’ to India, last December. The government has missed its fiscal deficit targets for the previous year and the target for the next year is furthermore relaxed to 3.8%.

Notes:
Indian Maharatna Public sector enterprise NTPC Ltd has recently raised $750 million syndicated Japanese yen loan, which will help to reduce air pollution from its power projects across India.
This is the highest single-foreign currency loan raised by the enterprise and also the largest syndicated Japanese yen loan raised by an Asian firm. The yen-denominated bond issued in the Japanese capital by non-Japanese companies is called Samurai bond. The loan will fund the installation of Flue Gas Desulphurization (FGD) system, which will help reduce SOx emissions. New hydro projects and projects using advanced technologies are also set to be established with the fund.

Notes:
The Union Cabinet of India recently approved amendments to the Banking Regulation Act, which will bring multi-state cooperative banks under the regulation of the Reserve Bank of India.
This amendment in regulation is expected to prevent malpractices in the co-operative banks and ensure better regulation. The administrative role of the banks will be managed by the cooperative registrars. This decision is taken at the backdrop of the collapse of Punjab and Maharashtra Co-operative (PMC) Bank last year. The banks would also be audited according to the norms stipulated by RBI.

Notes:
‘Pradhan Mantri Kaushal Vikas Yojana’ (PMKVY) is the flagship skill development scheme of the Ministry of Skill Development and Entrepreneurship. It is implemented by the National Skill Development Corporation and aims to impart skills to one Crore persons of the country by 2020. It was launched in the year 2015, on the National skills day, July 15.
Recently, the Skill Development Ministry announced that over 73 lakh candidates undertook training under Pradhan Mantri Kaushal Vikas Yojana. The Ministry had earlier announced that PMKVY-III will be launched this year, with enhanced initiatives.

Notes:
Delhi Transport Corporation (DTC), the public transporter of Delhi, has been conferred with the Road Safety Award 2018-19 in the urban category for the lowest rate of accidents.
The Director of DTC received the award from the Union Road Transport and Highways, Nitin Gadkari. The award was presented during the 3rd Edition of International Conference and Exhibition on Public Transport Innovation (ICEPTI) 2020, which was organised at New Delhi. The award carries a trophy and a cheque of Rs. 1 Lakh.

Notes:
The Union Cabinet has granted approval to Alliance Air to fly between India and Sri Lanka, by waiving the rule that an airline needs to own minimum 20 aircrafts to operate internationally.
Alliance Air, which is a 100 per cent subsidiary of Air India, has five years of experience but does not have 20 aircrafts. A special exemption is allowed for the interim period, until the airline deploys the higher among- a minimum of 20 aircraft or 20 per cent of total capacity. There was no commercial operation scheduled from Palaly and Batticaloa airports of Sri Lanka, before this approval.

Notes:
During the on-going exhibition DefExpo-2020, an MoU was signed between Hindustan Aeronautics Limited and Israel’s Elbit Systems, for joint development of an unmanned aerial vehicle (UAV).
The agreement aims at analysing the feasibility of developing an UAV, which performs vertical take-off and landing, for maritime and land-based military operations. The proposed UAV will cut down the huge costs associated with maintenance of manned helicopters. The vehicles with greater potential, will also be more efficient in military operations. The Indian armed forces could deploy them for operating in unsafe areas or for surveillance missions.

Notes:
Rakhi Halder, the Indian weight-lifter from West Bengal was seen in news recently as she bagged gold medal in 64kg category at the 35th edition of the Senior Women’s National Weightlifting Championships, being held at Kolkata.
Rakhi Halder, who is an Indian Railways employee, had clinched gold in the Commonwealth Championship in June 2019 and the bronze medal at the Qatar International Cup. Earlier, former World champion Mirabai Chanu from Manipur set a new national record in the 49-kg category and won gold medal.

Notes:
Minister of State for Labour Santosh Gangwar recently announced that the government is conducting a new Periodic Labour Force Survey (PLFS). The survey conducted this year comprises of new parameters and bigger sample size.
As per the results of the PLFS survey being conducted by the government, the Unemployment rate in the country in 2017-18 was 6.1 per cent. The labour force participation in the country in the same time period was found to be 36.9 per cent. The Minister also announced that the new survey conducted through the Ministry of Statistics provides more authentic data.

Notes:
Esperanza Base (Hope Base) is a permanent, all-year-round Argentine research station in Hope Bay, Trinity Peninsula in Antarctica.