current affairs february 1, 2019 BANKERADDA

CURRENT AFFAIRS  1ST February 2019

P.M’s Visit To Surat

On 30th January 2019, Prime Minister Shri Narendra Modi visited Surat and Dandi in Gujarat. He inaugurated various development projects and laid foundation stone for some of the projects. The Complete overview of his visit is covered in this article.

PM Modi dedicates National Salt Satyagraha Memorial in Dandi to the nation

On 30th January 2019, Prime Minister Shri Narendra Modi unveiled the National Salt Satyagraha Memorial at Dandi Village which is situated on Arabian Sea coast in South Gujarat.

Key Points

• The Statue of Mahatma Gandhi and 80 Satyagrahis who marched with Mahatma Gandhi in the historic Dandi Salt March in 1930 were also unveiled by Narendra Modi.
• National Salt Satyagraha Memorial has 24-narrative murals depicting various stories and events of the Dandi Salt March.
• To Meet energy requirements of the memorial complex, Solar trees had been installed at the venue.

About Dandi Salt March

During the Civil Disobedience Movement in 1930, Mahatma Gandhi along with 80 Satyagrahis marched 241 miles in 24 days from Sabarmati Ashram in Ahmedabad to the Dandi Village from 12th March 1930 to 6th April 1930 and made salt from the seawater breaking the Salt Law imposed by the British

PM lays foundation stone for extension of terminal building at Surat Airport

On 30th January 2019, a foundation stone for the extension of Terminal building of Surat Airport was laid by Prime Minister, Narendra Modi during his one day visit to Surat, Gujarat.

Key Points

• The Terminal building spread is being constructed in an area over 25500 square metres at a cost of Rs 354 Crore with passenger capacity of 1800.
• As per a Global economic Research report prepared by Oxford Economics, Surat will be world’s fastest growing city in the 2019-2035 period. The report also stated that all top 10 fastest growing cities will be from India.
• Prime Minister, Narendra Modi also announced that 50 new airports are coming on the aviation map of India and number of passport issuing officers have been increase from 40 to 200 in the last four years.

PM addressed New India Youth Conclave in Surat

• On 30th January 2019, Prime Minister Narendra Modi interacted with young professionals in a town-hall programme at the “New India Youth Conclave” during his day long visit to Surat, Gujarat.
  • Prime Minister said that in last five years the sanitation coverage has been increase from 38% to 98%.
  • He mentioned about the development works done in last five years and the major achievement of the government including Jan Dhan Yojana, Demonetization, Surgical strikes etc.
  About Gujarat
  ♦ Capital: Gandhinagar
  ♦ Chief Minister: Vijay Rupani
  ♦ Governor: Om Prakash Kohli
  ♦ National Parks (NP): Gir Forest NP, Blackbuck NP, Marine NP

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IMPORTANT 
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  NATIONAL NEWS

1.Government Renames DIP as Department for Promation of Industry and Internal Trade

i. The Department of Industrial Policy and Promotion (DIPP) has been renamed as the Department for Promotion of Industry and Internal Trade with a mandate to deal with matters related to start-ups, facilitating ease of doing business among others.

ii. The newly-named department under the Ministry of Commerce and Industry will look into matters related to promotion of internal trade, including retail trade, welfare of traders and their employees, facilitating ease of doing business and start-ups

2. Punjab Government Aprroves 'Smart Village Campaign' Worth of Rs 385 Crores
i. The Punjab government approved a rural development scheme worth Rs 384.40 croreto supplement the ongoing works to build village infrastructure and provide essential amenities. 

ii. Named 'Smart Village Campaign', the scheme would be financed with funds from the 14th Financial Commission and MGNREGA works. The SVC is aimed at improving the condition of rural areas by supplementing the ongoing government schemes for building infrastructure and providing essential amenities.

3.DAC Aprroves Indigenous Construction of Submarines Worth Rs 40000 cr.

i. The Defence Acquisitions Council, DAC chaired by Defence Minister Nirmala Sitharaman approved indigenous construction of six submarines worth 40 thousand crore rupees. It is the second project under the Ministry’s ambitious strategic partnership model aiming to boost the government’s Make in India’ program.

ii. DAC has also approved the acquisition of about five thousand MILAN Anti Tank Guided Missiles for the Army.

INTERNATIONAL NEWS
2019 Announced As The International Year O The Periodic Table

i. The United Nations announced 2019 as the International Year of the Periodic Tableof the Chemical Elements to highlight itsfirst publication in 1869. The periodic table was first designed by the Russian scientist Dmitri Ivanovich Mendeleev.

ii. The announcement by the United Nations will help to raise the profile of how chemistry can provide solutions to global challenges in agriculture, education, energy and health. This year marks the 150th anniversary of the first publication of the periodic table by Mendeleev.

Interim Budget 2019 :Banking/Business/Economy News

i. Finance minister Piyush Goyal presented the Interim Budget for 2019-20 amid heightened expectations that he will announce an income support scheme for distressed farmers who have seen their incomes stagnate because of plunging prices, barely enough to pay for loans and input costs. 

Ujjivan Small Finance Bank Launches Kisan Suvidha Loan

i. ‘Kisan Suvidha loan’ for small and marginal farmers has been launched by Ujjivan Small Finance Bank. The scheme will attempt to reach the bottom of the pyramid with products and services.

ii. Kisan Suvidha loan can be used by farmers for both agriculture and allied activities. It provides loans to individuals with an amount ranging from Rs. 60000 to Rs. 2 Lakh to fulfill the customized needs of the mass market segment.

Static/Current Takeaways Important for NIACL AO Mains Exam-

• Ujjivan Small Finance Bank Headquarters:Bengaluru, MD and CEO: Samith Ghosh.
• Paytm Acquied Hotel Booking Platform, Night Stay
• i. Paytm has launched hotel bookings on its platform and acquired Night Stay, which offers deals on last-minute bookings at luxury hotels, as the Alibaba-backed payments and e-commerce company expands its travel business.
  ii. Paytm plans to invest Rs 500 crore in scaling up its travel operations and has partnered with more than 5,000 hotels across the budget, luxury and business segments.

Public Sector Banks Freed From PCA Framework

i. Bank of India, Bank of Maharashtra and Oriental Bank of Commerce have been allowed to exit the PCA framework fully. The three lenders were part of 11 government-owned banks put under the framework in2017 and 2018. 

ii. In December, the government had announced a capital infusion of Rs 10,000 crore for Bank of India, Rs 5,500 crore for Oriental Bank of Commerce and Rs 4,500 crore for Bank of Maharashtra, which helped the banks coming out of the framework.

India's Unemployment Rate Hit 4 Decade High Of 6.1% in 2017-18: NSSO

i. As per the National Sample Survey Office’s (NSSO’s) periodic labor force survey (PLFS) India’s unemployment rate hit a 45 year highof 6.1% in 2017-18. It is the first comprehensive survey on employment conducted by a government agency after demonetization.
ii. Unemployment is higher in urban areas which is 7.8% as compared to 5.3% in rural areas of the country. The unemployment rate is at its highest level as in 1972-73. The rate of jobless rural males rose to 17.4%from 5% and among rural jobless females, the rate became 13.6% from 4.8%.

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