Current Affairs February 17 2019
We are here for you to provide the important Current Affairs February 17 2019, which have unique updates of all daily events from all newspapers such as The Hindu, The Economic Times, PIB, Times of India, PTI, Indian Express, Business Standard and all Government official websites.
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Overview Of Prime Minister’s Visit To Jhansi
- On 15th February 2019, Prime Minister, Narendra Modi visited Jhansi in Uttar Pradesh where he inaugurated and laid foundation stone for various development projects worth over Rs.20000 crore.
- PM Modi on his visit to Jhansi laid foundation stone of Defence Corridor which will create a lot of direct and indirect employment to the youth in the region.
- PM Modi with a view to ensure water supply to the drought prone Bundelkhand region laid foundation stone of Piped Water Scheme for the rural areas of the region.
- PM Modi on his Jhansi visit inaugurated Pahari Dam Modernization Project.
- The 297km long Jhansi – Khairar section electrification project inaugurated by PM Modi on his visit to Jhansi………………………………Click here to Read more
Overview of Prime Minister Narendra Modi’s visit to Maharashtra
- Prime Minister, Shri Narendra Modi laid foundation stone of Road Project worth Rs 500 crore funded by Central Road Fund in Yavatmal, Maharashtra.
- Prime Minister, Narendra Modi inaugurated Lower Panazara Medium Project which has a total water storage capacity of 109.31 Mcum and irrigation potential of 7585 hectares, under Pradhan Mantri Krishi Sinchayee Yojana (PMKSY).
- A foundation stone of Sulwade Jamphal Kanoli Lift Irrigation Scheme which will lift 9.24 TMC of flood water during the 124 days of monsoon season from river Tapi in Dhule, was laid by Prime Minister, Narendra Modi……………….Click here to Read more
Second National Conference on “Sustainable and Environment-friendly Industrial Production” held in New Delhi
Second National Conference was organised on 15th February in New Delhi on “Sustainable and Environment-friendly Industrial Production (SEIP) Project”. It was organised by Ministry of Environment, Forest and Climate Change(MoEFCC) under Indo-German Development Cooperation.
There were 70 participants including representatives from 18 State Pollution Control Boards and 8 State Industrial Departments-including representation from J&K, Tripura, Jharkhand, Goa, Gujarat, Rajasthan, etc.
About the conference
i. The conference was inaugurated by Shri A. K. Jain, Additional Secretary, MoEFCC. He suggested the concept of Regional Replication Workshops which shall be carried out at various locations in involvement with state local bodies, in the next phase of SEIP.
ii. It was organised for discussion of results, existing successful models and experiences so that they can be further replicated and planned with state agencies, on an all -India basis.
iii. SEIP is joint programme by MoEFCCand GIZ– a German development agency.
iv. The project involved working directly with companies and advising them on environment friendly production and wastewater management in 5 industrial areas in three states(Delhi, Uttarakhand and Gujarat).
♦ Chief Minister- Arvind Kejriwal
♦ Governor- Anil Baijal
India’s first district cooling system to be built in Amravati
United Arab Emirates (UAE) based international cooling provider,National Central Cooling Company PJSC (Tabreed) entered into a 30-year concession with Andhra Pradesh Capital Region Development Authority (APCRDA) to build India’s first district cooling system in Amaravati,Andhra Pradesh.
i. The agreement is for a contracted cooling capacity of 20,000 Refrigeration Tons (RTs) and will cater to the State’s Assembly, High Court, Secretariat and other Government buildings currently being constructed, for which cooling services will start in early 2021.
ii. The district cooling system will save 40% of the energy currently being used and reduce CO2 emissions, as it uses only 50% of the primary energy consumption for cooling urban buildings, thus, improving the air quality and reducing general noise levels when compared to other traditional air conditioning systems.
♦ UAE-based district cooling utility company that provides energy-efficient, cost-effective and environmentally friendlier year-round district cooling solutions in the Gulf Cooperation Council (GCC).
♦ The Amravati plant is Tabreed’s first plant outside GCC market.
The first district cooling was set up in India at Gujarat International Finance Tec-City (GIFT), the first phase of which has been operational since April 2015, with a capacity of 10,000 RTs.
♦ Capital – Abu Dhabi
♦ Currency – UAE Dirham
♦ President – Khalifa bin Zayed Al Nahyan
WHO says Measles cases nearly doubled in 2018
On 16th February 2019, World Health Organization says the number of Measles cases reported in 2018 is nearly double the number of infections contracted, in comparison to previous year.
i. The number of Measles cases reported in 2018 was 2,29,068. It was 1,10,000 for 2017 who died from this highly infections diseases. In Europe itself there were 82,596 infections in 2018 as per WHO.
ii. WHO recommended to the Member States to close gaps in vaccination coverage. WHO won’t commit to a compulsory vaccination recommendation although it is working in affected areas.
iii. Measles is a viral infection caused by rubeola virus. It is a highly infectious disease but easily preventable by vaccination.
iv. Vaccination for measles was introduced in 1963.
About World Health Organization
♦ Headquarters – Geneva, Switzerland
♦ Director General- Tedros Adhanom
BANKING & FINANCE
J P Morgan became First US Bank with Cryptocurrency
On 14th February 2019, JP Morgan rolled out as the first US bank with cryptocurrency. The change in opinion of JP Morgan is the first step in the program of making it more competitive. The currency is designed to be decentralized so that no one has control over transactions being sent over the network.
i. JP Morgan will be using the cryptocurrency to see its potential in using digital coins to reduce risk and enable instant transfers.
ii. Cryptocurrencies are used successfully to move money between bank and a client which usually runs on a blockchain technology.
iii. JPM Coin is not for retail customers . It will be used internally by the bank to enable instant transfers of payments between institutional accounts.
iv. The bank stressed,all information required by the regulators will be tracked. Only with the approval of regulators and clearing money laundering, clients can use the blockchain network.
FPI investment cap on corporate bonds lifted by RBI
On 15th February 2019, Reserve Bank of India lifted the limit on Corporate bonds. RBI withdrew 20% limit on investment by Foreign Portfolio Investors (FPIs) in corporate bonds of an entity.
i. The move will encourage more foreign investors to invest in corporate bonds in the country. It aims at incentivizing FPIs to maintain a portfolio of assets.
ii. In April 2018, it was stipulated that no FPI should have an exposure of more than 20% of its corporate bond portfolio to a single corporate as per the review of the FPI investment in corporate debt.
iii. The directions in this connection have been issued in the Foreign Exchange Management Act (FEMA). It is an Act in India to consolidate and change the laws related to foreign exchange with an objective to facilitate external trade and payments.
iv. FEMA will also promote the orderly development and maintenance of foreign exchange market in India.
About Reserve Bank of India
♦ Headquarter: Mumbai, Maharashtra
♦ Governor: Shaktikanta Das
BUSINESS & ECONOMY
Edelweiss Group signed MoU with Bank of Singapore for strategic partnership
On 14th February 2019, a memorandum of understanding (MoU) has been signed between Edelweiss and Bank of Singapore in order to form a strategic partnership.
i. The MoU will provide an opportunity to clients of both entities to access each other product platforms.
ii. Edelweiss became the first Indian Wealth management company to sign an MoU with offshore private bank (Bank of Singapore).
iii. Bank of Singapore has signed similar MoU with financial companies from Switzerland and Japan.
Government raised Rs.10000 crore from Bharat-22 ETF offering
On 14th February 2019, Government of India gets Rs.10000 crore from Bharat-22 Exchange Traded Fund (ETF) by additional offering. The government has absorbed approximately Rs.46000 crore by way of disinvestment with the successful offering of Bharat-22 ETF.
i. The sale of ETF would help the government in achieving the disinvestment target of Rs.80000 crores for the current fiscal. In the current fiscal, it was the second ETF offering made by the government.
ii. The fund house will retain subscriptions worth Rs.13000 crore as it will buy stocks worth Rs.3000 cr from the market. The initial amount in the offer was Rs.3500 cr and additional amount was Rs.9500 cr.
iii. Bharat-22 is an Exchange Traded Fund ( ETF) will closely track the performance of Bharat-22 index. It was launched by Government of India on 14thNovember 2017. ICICI Prudential Mutual Fund AMC will manage the fund.
About ICICI Prudential Mutual Fund
♦ Headquarters -Mumbai,
♦ MD and CEO- Mr. N. S. Kannan
AWARDS & RECOGNITIONS
AMRUT cities and Municipal Corporations of Raigarh, Ambikapurand Kumbakonam won the top Swachhata Excellence Awards 2019
Atal Mission for Rejuvenation and Urban Transformation (AMRUT) cities and municipal corporations of Raigarh (1st prize), Ambikapur (2nd prize) and Kumbakonam (3rd prize) won the top Swachhata Excellence Awards 2019. The prizes were awarded by Shri Durga Shanker Mishra, Secretary, Ministry of Housing and Urban Affairs (MoHUA) at the Shehri Samridhi Utsav, an initiative organized by MoHUA in New Delhi.
i. In the category of ‘Statutory Towns’, Nagar Palika Parishad Jashpur Nagar, Malappuram Municipality and Nagar Palika Parishad Surajpur were declared winners.
ii. Greater Hyderabad Municipal Corporation was awarded 1st prize for ‘Million Plus Cities’, and for ‘Aspirational Districts’, Chas Municipal Corporation has been awarded a consolation prize.
De Goede, Van Doren win 2018 FIH player of the year awards
Eva de Goede from Netherlands and Arthur van Doren of Belgium were titled the International Hockey Federation’s Players of the Year for 2018 on 14th February 2019.
Eva de Goede, 29, was named the Female Player of the Year and Arthur van Doren, 24, won the Male Player of the Year award for the second year in a row.
About Van Doren
♦ He was one of four Belgian winners in the FIH Hockey Stars Awards for 2018.
♦ Last year, van Doren won both the Player and Rising Star of the Year Awards.
Other awards given were:
- Vincent Vanasch- Men’s Goalkeeper of the Year for second year in a row.
- Arthur de Sloover- Male Rising Star of the Year.
- Shane McLeod- Male Coach of the Year.
- Alyson Annan- Female Coach of the Year for the second year in a row.
- Maddie Hinch- Female Goalkeeper of the Year for a third year in a row.
- Female Rising Star Award – Lucina von der Heyde
About FIH Player of the year awards
♦ Awarded annually by the International Hockey Federation to the best male and female field hockey in the world.
♦ The awards were established in 1998.
Abdul Aziz Muhamat, a Manus Island refugee, wins international human rights prize
Sudanese refugee, Abdul Aziz Muhamat, who spent 5 years in Australian detention centre on Manus Island in Papua New Guinea, was given the Martin Ennals Award 2019 in Geneva, Switzerland, for exposing “the very cruel asylum seeker policy of the Australian Government”.
i. He said that his name was stripped off and he was referred to as number- QNK002 and prisoners were fed through a chain-link fence and treated worse than animals.
ii. It was the first time that the prize focused on the plight of refugees and awarded to someone who has suffered violations due to the policies of a Western nation.
Abdul Aziz Muhamat’s podcast “The Messenger”, created from more than 4,000 WhatsApp messages Muhamat sent from the detention centre, had won best radio/audio feature at Australia’s Walkley Awards in 2017.
About Martin Ennals Award
The Martin Ennals Award Laureate is selected annually by a jury of 10 of the world’s leading human rights organisations, for demonstrating a deep commitment to human rights, often working under threat of imprisonment, torture, or worse. It is sometimes referred to as the “Nobel Prize for human rights”.
APPOINTMENTS & RESIGNS
Dr. B. P. Sharma re-appointed as the CMD of Pawan Hans
The Ministry of Civil Aviation with the approval of Appointments Committee of the Cabinet (ACC)re-appointed Dr. B. P. Sharma as the new Chairman & Managing Director (CMD) of the state-run helicopter manufacturer Power Hans.
i. He had taken charge as the CMD of Raj Hans in March 2015 and superannuated in January 2019.
ii. He is now re-appointed for a period of 5 months.
Hina Jaiswal became the first Indian Woman Flight Engineer
Flight Lieutenant Hina Jaiswal from Chandigarh, became the First Indian Woman Flight Engineer of the Indian Air Force(IAF).
i. She was commissioned in the IAF’s engineering branch in 2015 and completed the 6-month Flight Engineer course from the 112 Helicopter Unit attached to the Air Force Station in Yelahanka, Bengaluru.
ii. The Flight Engineer branch was opened to women officers in 2018.
♦ Chief – Air Chief Marshal Birender Singh Dhanoa
UN Secretary-General Appointed Chandramouli Ramanathan of India as Controller, Assistant Secretary-General for Programme Planning, Finance and Budget
Chandramouli Ramanathan of India was appointed as the Controller, Assistant Secretary-General for Programme Planning, Finance and Budget in the Department of Management Strategy, Policy and Compliance by United Nations Secretary-General António Guterres, on 14th February 2019.He succeeds Bettina Tucci Bartsiotas of Uruguay.
i. Mr. Ramanathan has led high level management initiatives, including implementation of IPSAS(International Public Sector Accounting Standards) and Umoja(the United Nations Enterprise Resource Planning solution).
ii. He has also served as Acting Controller since September 2018, along with his position as Assistant Secretary-General for Enterprise Resource Planning since 2016. He previously served as Deputy Controller, Director of Accounts Division, and Chief of Service, IT Services Division.
iii. He holds a master’s degree in economics and is a cost accountant.
About United Nations
♦ Headquarters- New York, United States
♦ Secretary General- Antonio Guterres
Tapsee Pannu becomes brand ambassador of PepsiCo’s Kurkure
Bollywood actress Tapsee Pannu is signed as the brand ambassador the snack brand ‘Kurkure’ owned by PepsiCo.
i. A television campaign was also launched by Kurkure to introduce the new brand positioning ‘Khayal toh chatpata hai’ celebrating the progressive thinking the young Indian homemakers in traditional Indian families and the breaking conventional barriers.
ii. This is the first time that the brand has attempted to include a social message with its product’s marketing.
♦ Tapsee Pannu is a brand ambassador of 10 brands and has signed five big contracts in 2018, including Uber, Garnier Color Naturals, Melange by Lifestyle, Coverfox and Nivea.
Steyn overtakes Kapil, becomes joint 7th highest Test wicket-taker
South African pacer Dale Steyn overtook former Indian captain Kapil Dev to become joint 7th highest wicket-taker along with England’s Stuart Broad in the all-time list of Test cricket after registering figures of 4/48 against Sri Lanka.
i. He is now behind Muttiah Muralitharan (800), Shane Warne (708), Anil Kumble (619), James Anderson (575), Glenn McGrath (563) and Courtney Walsh (519) in the coveted list.
Former Goa Deputy Speaker and writer, Vishnu Wagh, dies aged 53
Eminent writer and former Deputy Speaker of Goa Legislative Assembly, Vishnu Wagh, suffered a heart attack while touring in Cape Town, South Africa. He was 53 years old.
i. He has written over 20 plays in Marathi, 3 sangeet nataks, 18 Konkani plays and 16 one-act plays and directed over 50 plays in Konkani and Marathi.
ii. “Tuka Abhang Abhang”, “Suvari”, “Teen Poishancho Tiatro”, “Dharmashree”, and “Pedru Poddlo Baient” are some of his critically-acclaimed plays.
iii. He was a part of Goa Legislative Assembly from St Andre constituency between 2012 and 2017 and the Chairman of the state-run Goa Kala Academy.
BOOKS & AUTHORS
Governor of West Bengal, Keshari Nath Tripathi launches book ‘Simplicity & Wisdom’ authored by Mr. Dinesh Shahra
‘Simplicity & Wisdom’ written by Dinesh Shahra was launched at Parmarth Ashram in Kumbh Mela. Launched by the Governor of West Bengal– Keshari Nath Tripathi and Swami Chidanand Saraswati, Head of Parmarth Ashram, this book is dedicated to Late Vedanti Swami Pragananandji.
The book aims at guiding towards saintly wisdom and leading a content and happy life.
Book containing Venkaiah Naidu’s selected speeches released by Pranab Mukherjee
Former President Shri Pranab Mukherjee released the book Selected Speeches: Volume-1, which is a compilation of 92 selected speeches of Vice President Shri Venkaiah Naidu, in New Delhi.
i. It contains the wide experience of the Vice President in Public Affairs.
ii. Mr. Mukherjee and Mr. Naidu also paid homage to the martyrs of Pulwama terror attack and said that the country must stand together to fight against terrorism.