Current Affairs Quiz - January, 2020

Notes:
The Central Statistical Office recently released the first advance estimates of the Gross Domestic Product of India for 2019-2020. The CSO forecasted the GDP growth rate of India to be 5 % in the current fiscal year.
The CSO had earlier estimated the GDP growth of the previous fiscal to be 6.8%. The reason for the decrease in the growth rate is cited to the slowdown in manufacturing sector. The Reserve Bank of India also estimated 5% as the GDP growth rate for this fiscal.

Notes:
The Department of Agriculture of the state of Maharashtra has seamlessly integrated the state’s land records with the web portal of Pradhan Mantri Fasal Bima Yojana (PMFBY). It is the first state in the country to perform such linkage.
After the records are linked online, the farmers are required to provide only their Aadhar number, details of bank and the land records, during the process of insuring crops. The process which is implemented during the current rabi season, is expected to improve efficiency and transparency of the system.

Notes:
To commemorate the 150th birth anniversary of Mahatma Gandhi, a ten-day art exhibition was recently inaugurated in Dhaka, the capital city of Bangladesh. The exhibition was named as ‘Gandhi @ 150 Art Exhibition’
The Indian High Commission in Bangladesh organised the exhibition in association with the national cultural centre of Bangladesh, Bangladesh Shilpakala Academy. The art products of the Bangladesh artists created during the art camp and photographs of Gandhi were exhibited in the event.

Notes:
In first week of January, 2020 the government has released the first advance estimates of gross domestic product (GDP) growth for 2019-20. The economy will grow at 5% this year, a massive downgrade from the 7% projected by the Economic Survey last year and much lower than the 6.8% growth in the previous year.

Notes:
Proposed “Global Electricity Grid” was an idea mooted by Indian Prime Minister Narendra Modi. The grid plans to leverage solar power generated in one geography to feed the electricity demands of other nations. India is reportedly in talks with World Bank as its technical partner to implement the plan.

Notes:
India levies license fees of 8% of adjusted gross revenues (AGR) from every telecom license holder. The SC on October 24 defined AGR as all revenues of a license holder, and not just revenues from telecom services. Apart from dealing a body blow to telcos, the order also made non-telecom companies holding licenses for internal communications and signaling liable to pay license fees on their entire revenue, even when they do not offer any telecom services.

Notes:
The Indian Railways has installed Artificial Intelligence based Facial Recognition Technology in Manmad and Bhusawal stations of Maharashtra and Bengaluru station of Karnataka. The PSU under the Railway Ministry, RailTel carries out the project to provide Video Surveillance System with facial recognition and video analytics.
The Railway Protection Force (RPF) will subsequently link the output of this facial recognition system with their existing criminal database, so that identification of criminals at the Railway station would be made easier.

Notes:
An International Conference cum Exhibition on Civil Aviation sector named ‘WINGS INDIA 2020’ is scheduled to be organised from March 12 to March 15, 2020. The event is to be held at Begumpet Airport in Hyderabad.
Recently the Civil Aviation Minister Hardeep Puri participated in the curtain raiser event for the WINGS INDIA Conference in New Delhi. The Ministry of Civil aviation is to organise the event in association with the industry body FICCI. This is one of the largest events on Civil Aviation in Asia.

Notes:
The Reserve Bank of India (RBI) recently released a report titled ‘National Strategy for Financial Inclusion’.
The report suggested that along with formal banking outlets, payment banks, small finance banks, cooperative banks and non-banking units like fair price shops should also practice digital banking. The Regulator directed the banks to increase the outlets in all villages and hilly areas by March 2020. The report also suggested to make the Public Credit Registry (PCR) fully functional by 2022.

Notes:
The ruler of Oman and one of the longest serving rulers in the Middle East countries, Sultan Qaboos bin Said al Said recently passed away. He was not keeping well for a long time and was undergoing medical treatment in Belgium last month.
After his demise, the former culture minister of Oman, Haitham bin Tariq was named as the successor of Sultan Qaboos. It is mandatory to name the successor of the vacant throne within three days, as per the constitution of Oman.