Current Affairs Quiz - February, 2020

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:
In the recent Monetary policy committee statement released by the Reserve Bank of India, it extended the deadline for one-time restructuring of GST-registered MSME borrower account to December 31,2020. The restructuring was to be implemented before March 31, 2020, as per the RBI’s earlier guidelines. It also announced that scheduled commercial banks can deduct the credit disbursed as retail loans for automobiles, housing and MSME loans from their net demand and time liabilities (NDTL) for CRR maintenance.

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:
The first ever India-Africa Defence Ministers’ Conclave was recently held in the city of Lucknow, during the 11th edition of the biennial defence exhibition DefExpo 2020.
The Defence Ministers and Heads of Delegation from African countries and the Defence Minister of India jointly held the first India Africa Defence Ministers’ Conclave. The Conclave adopted the Lucknow Declaration. Chief of Defence Staff General Bipin Rawat, Chiefs of all the three services were also present in the event. Prior to this, during the third India-Africa Forum Summit (26-30 October 2015), the Delhi Declaration was adopted.

Notes:
The prestigious Mystic Kalinga Literary Award (Indian and Global Languages) is to be presented to the noted Odia and English writer Manoj Das. The award would be presented during the Mystic Kalinga Festival (MKF) which commences in Bhubaneswar on February 8.
The Mystic Kalinga Literary Award is conferred to a person who has made significant contribution to the literature and culture of Odia. The bilingual writer recently received the country’s third-highest civilian award- Padma Bhushan, for his contribution in the field of literature and education. He had also been conferred with the Saraswati Samman award.

Notes:
The Reserve Bank of India (RBI) recently projected the economic growth of the country to grow by 6 per cent during the next financial year. This is the lower end of the growth projection as announced by the government in the economic survey, which estimated a rate of 6-6.5 per cent. RBI also stated that the Indian economy continues to be weak.
The first half of the year would grow in the range of 5.5-6.0 per cent and the third quarter at 6.2 per cent, as per the RBI. But this projection is higher than the GDP growth projection of 5%, made in the monetary policy statement of December 2019.

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Baltic Dry index tracking freight rates for world’s largest cargo ships recently plunged into negative territory due to coronovirus.

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The Chief Minister of Telangana recently flagged off the stretch of Hyderabad Metro between Hyderabad and its sister city Secunderabad. With this, Hyderabad Metro has become the second largest operational metro rail network in the country, only after the Delhi Metro Rail.
Hyderabad Metro is also the biggest metro project in the world in Public Private Partnership (PPP) mode, with a total project cost of ₹20,000 crore, constructed by Larsen & Toubro.

Notes:
Anoop Mishra, an Indian Army Major from the College of Military Engineering was known for having developed a bulletproof jacket which protects against sniper bullets. He was seen in news recently as he has now developed a helmet, which is also the world’s first, that can stop an AK-47 bullet round from 10 meters.
Indian Army’s College of Military Engineering in collaboration with a private firm has developed India’s first and world’s cheapest gunshot locator called ‘Parth’, which can locate the bullet from a distance of 400 meters.

Notes:
India and Nepal recently signed the financial closure of Arun-III, which is the largest hydropower project of Nepal. The 900 MW hydropower project is under construction in Nepal, with an estimated cost of $1.04 million.
The project, which is to be built with the financial assistance from India, is to be completed in 5 years. It is being built by Satluj Jal Vidyut Nigam (SJVN) Arun-III Power Development Company (SAPDC), a joint venture of the Government of India and the Government of Himachal Pradesh.