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    Important Current Affairs 9th February 2019

    SCIENCE AND TECHNOLOGY


    NASA: 2018 4th warmest year on record.
    •    The global surface temperatures on the Earth in 2018 were the 4th warmest since 1880.
    •    This was found in an independent analysis by NASA and the National Oceanic and Atmospheric Administration (NOAA).
    •    The global temperatures in 2018 were 0.83 degree Celsius
    2018’s temperatures rank behind those of 2016, 2017 and 2015.
     

    BUSINESS AND ECONOMY


    IRDAI imposes fine on United India Insurance.
    •    Imposed a fine of Rs 9 lakh on state-owned United India Insurance Co Ltd for violating certain procedures.
    •    3 violations were found during the inspection, of which 2 attracted the fine.
    •    UIIC is headquartered in Chennai, while IRDAI is in Hyderabad.

    SBI fined by RBI.
    •    RBI slapped Rs 1 crore penalty on SBI, country's largest lender on 7th Feb 2019 for violating norms.
    •    RBI levied the penalty in the exercise of powers conferred under Section 47 A of the Banking Regulation Act, 1949.
    •    SBI was charged for not monitoring the end use of funds in respect of one of its borrowers.


    RBI Monetary Policy of February.
    •    RBI cuts key lending rate (repo) by 0.25 pc to 6.25 pc
    •    Reverse repo rate cut to 6pcs, bank rate to 6.5pc, CRR unchanged at 4pc
    •    Headline inflation estimates revised down to 2.8 pc in Q1, 3.2-3.4 pc in first half of next fiscal
    •    Projects GDP growth to accelerate to 7.4 pc next fiscal, from 7.2 pc in 2018-19
     

    Suresh Prabhu addresses interactive session.
    •    An interactive session on the Indo-Africa Strategic Economic Co-operation was held in New Delhi on 6th Feb 2019.
    •    It was organised by the Ministry of Commerce and Industry.
    •    The bilateral trade between Africa and India has increased from $7 billion in 2001 to $78 billion in 2014 and then $60 billion in 2017.
    •    Suresh Prabhu is the Union Minister of Commerce & Industry and Civil Aviation.
     

    AWARDS AND HONORS


    Yes Bank wins Data Science Innovation Award.
    •    Yes, Bank was announced as the winner of the 9th edition of Aegis Graham Bell Award 2018 for its ‘Yes Engage Enrich Excel (EEE)’ project in data science.
    •    Its EEE program is an industry-first analytics tool that aids the Bank’s relationship managers with top 3 talking points to engage with their customers.
    •    Aegis Graham Bell Award promotes innovations and entrepreneurship in the ICT domain.

    Sanjiv Chadha awarded in UK.
    •    The State Bank of India’s UK Chief Mr Sanjiv Chadha has been honoured with the ‘Freedom of the City Of London’.
    •    The award was given by the city of London Corporation in recognition of his contribution to promoting bilateral relations
    •    The previous Indian recipient of the honour is Jawaharlal Nehru, the first PM of India. Other recipients include author J K Rowling and actor Dame Judi Dench.
     

    APPOINTMENTS


    Pradeep Singh became Civil Aviation Secretary.
    •    The government appointed Air India Chief Managing Director and Chairperson Pradeep Singh Kharola as the secretary of the Ministry of Civil Aviation.
    •    Kharola will take over from Rajiv Nayan Choubey.
    •    He is an IAS officer of Karnataka cadre from the 1985 batch, who was named chairperson of Air India in November 2017.

    NATIONAL


    Nitin Gadkari laid foundation of NH project.
    •    Union Minister of Road Transport and Highways, Nitin Gadkari, laid the foundation for 5 National Highway projects of length 632 km in Ayodhya on 8 Feb 2019
    •    The estimated cost is Rs. 7195 crore and the project will establish direct connectivity from Ayodhya to Ambedkar Nagar and Chitrakoot.
    •    He will also visit Prayagraj to inaugurate Phase 2 of River Information System on National Waterway-1.

    Ujjwala Utsav observed by Oil industry.
    •    Ujjwala Utsav was observed by the Oil industry in New Delhi on 7th Feb 2019
    •    It was observed to celebrate the stellar role played by all stakeholders in making PMUY scheme a success.
    •    PMUY anthem - 'Ujjwala Bharat Ujjwala' composed by Kailash Kher was also launched on the occasion.
     

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