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Important Current Affairs 6th February 2020

National

Prime Minister inaugurates DefExpo in Lucknow

• Prime Minister Narendra Modi inaugurated the 11th edition of the ‘DefExpo’, India’s biennial military exhibition, in Lucknow, Uttar Pradesh on February 5, 2020. It will culminate on February 8.

• The Theme of the Expo is ‘India: The Emerging Defence Manufacturing Hub’ with main focus on ‘Digital Transformation of Defence’

• Delegates from 70 countries and 172 foreign military manufacturers and as many as 856 Indian defence firms will attend the exhibition to showcase their products on new technologies and solutions on a single platform.

President Kovind inaugurates Annual Rashtrapati Bhavan Udyanotsav 2020

• President Ram Nath Kovind inaugurated the annual ‘Udyanotsav’ at the Mughal Gardens of Rashtrapati Bhavan on 4th February 2020.

• The 15-acre Mughal Gardens at Rashtrapati Bhavan will be opened for the general public from February 5 to March 8, 2020 between 10 am to 4 pm.

Reliance General launches health insurance plan "Infinity"

• Reliance General Insurance Company Limited has launched a comprehensive health insurance plan named "Reliance Health Infinity".

• The policy offers 90 days pre and 180 days post hospitalization cover, along with sum insured ranging from Rs 3 lakh to Rs 1 crore, and free restore benefits.

India’s HAL & Dynamatics Technologies To Build Israel Aerospace Drones

• Hindustan Aeronautics Limited (HAL) for the 1st time, will sign a partnership pact with Israel Aerospace Industries (IAI) at the DefExpo 2020 in Lucknow, Uttar Pradesh.

• This pact is signed for manufacture advanced Unmanned Combat Aerial Vehicles (UCAVs) in India.

Five more IIITs to receive Institute of National Importance status

• The Cabinet chaired by Prime Minister Narendra Modi has approved to confer five of the Indian Institute of Information Technology with the Institute of National Importance status.

• The IIIT’s which will be given the Institute of National Importance status include the Indian Institute of Information Technology Surat Bhopal, Bhagalpur, Agartala, and Raichur.

• These institutions will now be able to use the Bachelor of Technology (B.Tech) or the Master of Technology (M.Tech) or the Ph.D degree.

Cabinet approves setting-up country’s 13th major port at Vadhavan in Maharashtra

• The Union Cabinet chaired by Prime Minister Narendra Modi has given its in-principle approval for setting up a new Major Port at Vadhavan near Dahanu in Maharashtra.

• The projected cost of the Vadhavan Port is over Rs 65,000 crore. The new Major Port will be established on the basis of land lord model. 

• After the development of this new Major Port at Vadhavan in Maharashtra, India is expected to enter the list of countries with top 10 container ports in the world.

International

International Day of Zero Tolerance to Female Genital Mutilation

• International Day of Zero Tolerance for Female Genital Mutilation is a United Nations-sponsored annual awareness day that takes place on February 6 every year since 2003 to eradicate female genital mutilation (FGM).

• 2020 Theme: Unleashing Youth Power.

Banking and Economy

RBI keeps repo rate unchanged at 5.15%

The Reserve Bank of India’s Monetary Policy Committee has released its 6th Bi-monthly Monetary Policy 2019-20. The Reserve Bank of India’s MPC has decided to keep the policy repo rate unchanged to 5.15%.

The key decisions taken in the 6th Bi-Monthly Monetary Policy Committee meeting are:

• The repo rate under the liquidity adjustment facility (LAF) left unchanged to 5.15%.

• The reverse repo rate under the LAF stands same i.e. 4.90%.

• The marginal standing facility (MSF) rate and the Bank Rate also remains same i.e. 5.40%.

• RBI has increased the real GDP growth for fiscal year 2020-21 from 5% to 6%.

Moody’s Projects India’s growth at 4.9% in FY20, 5.5% in FY21

• Moody’s Investors Service has projected India’s GDP growth during the current fiscal ending 31 March 2020 at 4.9 percent (unchanged).

• For the fiscal 2020-21, GDP growth is estimated at 5.5 percent compared to December 2019 estimate of 6.3 percent.

• And for 2021-22 fiscal, GDP growth is estimated at 6 percent from 6.7 percent projected earlier.

Ranking

India slips to 40th position in Intellectual Property Index

• India slips to 40th position in International Intellectual Property (IP) Index. This information has been given in the report of the Global Innovation Policy Centre of the American Chamber of Commerce.

• This index measures the intellectual property environment of 53 economies of the world. Last year, India was ranked 36th.

• The United States, Britain, Sweden, France and Germany are present on the first five positions.

jatin bijalwan 1 Months ago
thanks sir
Rahul 1 Months ago
very useful for current affairs ty sir

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