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 State Bank of India’s economic research department has lowered its projection for the GDP growth rate of India for FY 20 to 4.6%. Earlier it has projected the GDP rate to be 5%.
The research department also estimated that the GDP of India would be below 6% for two successive years. The CSO also recently estimated the GDP growth of FY20 to be 5%, in lines with the Reserve Bank of India. But the RBI projected 5.9 – 6.3% growth rate for the next fiscal.

Notes:
According to the India Meteorological Department’s (IMD’s) Statement on Climate of India During 2019 report, the number of cyclones in the Arabian Sea was 400% higher than normal frequency because five out of eight cyclones affected Arabian Sea. These give cyclones were Vayu, Hikka, Kyarr, Maha and Pavan. This after the sea on India’s west coast normally undergoes only one cyclone annually — read a 400% rise. (India normally has five cyclones in total every year.) However, the Bay of Bengal — usually the more cyclone-prone coast of India — was relatively subdued in 2019 with three (Pabuk, Fani, Bulbul) instead of four cyclones that occur there annually on an average.

Notes:
The Union External Affairs Minister S. Jai Shankar recently launched the book titled ‘PAX SINICA: Implications for the Indian Dawn’ authored by Dr. Samir Saran. The book was co-authored by Akhil Deo. The book highlights the steps of China during the presidency of Xi Jinping and the key policy measures of China.
Dr Samir Saran is the President of the renowned Asian think tank, Observer Research Foundation. He is also a member of the World Economic Forum’s South Asia advisory board.

Notes:
As a part of the major Udhampur- Srinagar-Baramulla rail link project, which would connect the Kashmir valley with the Indian Railway network, a new railway bridge is to be constructed connecting Bakkal and Kauri. This bridge in the newly formed Union Territory of Jammu and Kashmir will be the world’s highest railway bridge. The project is expected to be completed by December 2021.
The proposed bridge will be 1.315 km long and will be built 359 m above the river bed. Presently, the highest railway bridge in the world is the Beipan river Shuibai railway bridge of China.

Notes:
The Union Minister for Home Affairs, Amit Shah recently released a book titled ‘Karmayoddha Granth’. The book is based on the life of the present Indian Prime Minister Narendra Modi. During the book releasing event, Amit Shah hailed Modi for successfully transforming the Gujarat BJP organisation and his leadership qualities as the Indian Prime Minister.
Narendra Modi is the 14th and the incumbent Prime Minister of India since 2014. Prior to that he was the Chief Minister of Gujarat since 2001.

Notes:
The International Energy Agency (IEA) recently released the first in-depth review of India’s energy policies in collaboration with the Indian think tank NITI Aayog. The report was launched at the Head Quarters of NITI Aayog, New Delhi.
India was made as the association member of the Paris-based global energy organisation, International Energy Agency (IEA) on March 2017 and this is the first review after that. The report highlighted the growth of renewable energy sector in India, which is nearly 23% of the country’s total installed capacity now.

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 ‘State Energy Efficiency Index 2019’ was developed by the Bureau of Energy Efficiency (BEE) in association with the Alliance for an Energy Efficient Economy. The index was prepared based on efforts and achievements of states towards implementation of energy efficiency.
Haryana, Karnataka and Kerala have topped this year’s index and are placed in the ‘Achievers’ category. On the basis of Total Primary Energy Supply (TPES) required to meet the state’s actual energy demand, Karnataka, Haryana, Himachal Pradesh and Puducherry topped their groups.

Notes:
The Prime Minister of India recently attended the 150th celebration of the historic Kolkata Port Trust. During the event, he announced that Kolkata Port Trust would be renamed to ‘Dr. Shyama Prasad Mukherjee Port’.
The Prime Minister also released a Commemorative Stamp to mark 150 years of the Kolkata port trust. Shyama Prasad Mukherjee was the founder of Bharathiya Jana Sangh, following which the Bharathiya Janata Party was formed.