Daily Current Affairs – 7 February 2019

Daily Current Affairs 7 February 2019: We have collected the latest current affairs for 7 February 2019 that are important for all competitive exams like bank, ssc, ibps, sbi exams. The GK current affairs will help you score more in these competitive exams. Improve your general knowledge with our daily online current affairs. You can also read the current affairs on our mobile app.

Current Affairs 7 February 2019

List of Cabinet Approvals on February 6, 2019

  1. Proposal for Official Amendments to the Banning of Unregulated Deposit Schemes Bill, 2018 
  2. Proposal to introduce the Cinematograph Amendment Bill, 2019 to amend to the Cinematograph Act, 1952
  3. Introduction of National Institutes of Food Technology, Enterpreneurship and Management Bill, 2019
  4. Abolition of Institution of Income-Tax Ombudsman and Indirect Tax Ombudsman 
  5. Proposal for setting up 12,000 MW grid-connected Solar Photovoltaic (PV) Power Projects 
  6. Proposal for creation of a corpus of Rs. 2000 crore for Agri-Market Infrastructure Fund (AMIF) to be created with NABARD

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National Campaign ‘Darwaza Band -Part 2’ Launched in Mumbai

  • The Swachh Bharat Mission Grameen launched the nation wide ‘Darwaza Band -Part 2’ campaign on February 6, 2019 in Mumbai.
  • The World Bank supported campaign focuses on sustaining the open defecation free status of villages across the country.
  • The campaign has been produced by the Ministry of Drinking Water and Sanitation and will consist of three ad films featuring Bollywood actor Amitabh Bachchan.
  • It is the continuation of the first phase of the Darwaza Band campaign launched in 2017.

Textiles Minister Smriti Irani Launches Project “India Size”

  • The Union Minister for Textiles, Smriti Zubin Irani launched project “India Size” in Mumbai on February 6 during an event “Transforming India Through Retail” organised by The Clothing Manufacturers Association of India (CMAI).
  • The first-of-its-kind project in the history of India, India Size, will focus on developing a standard Indian Size for the ready-to-wear clothing industry in the same way as the standardized sizes are available in countries such as the USA and the UK.
  • The project will be undertaken by the Ministry of Textiles in collaboration with The Clothing Manufacturers Association of India (CMAI).
  • The Textiles Minister also launched a Study of Apparel Consumption in India. The report of this study would be ready for release by July 2019.

Facebook launches digital skilling initiative – GOAL for girls

  • Facebook has launched an initiative named GOAL (Going Online As Leaders) that is a digital skilling and mentorship initiative in 5 states of India. The 5 states are West Bengal, Maharashtra, Jharkhand, Odisha and Madhya Pradesh.
  • The GOAL initiative will train young girls from these 5 states in digital literacy, life skills, leadership and entrepreneurship for an year.
  • Under this programme on-ground trainers will impart digital literacy to the identified girls through a dedicated digital skilling curriculum. Apart from this, a set of 25 women leaders would mentor them via Facebook or WhatsApp on a fortnightly basis.
  • The programme will specifically focus on girls who have dropped out of school due to financial constraints but reside near the skilling centre to ensure regular participation

Mobile app ‘MoooFarm’ launched for small dairy farmers

  • Gajendra Singh Shekhawat, Minister of State for Agriculture and Farmers’ has launched a mobile application named ‘MoooFarm’ to provide advisory services to dairy farmers. The app has been developed by an Australia-based innovative agri-tech company named MooFarm.
  • the app will help in building a self-sustained dairy farming community by leveraging ICT applications, creating employment opportunities for the youth, financially empowering women, and doubling farmer income

Delhi Government launches Bike Ambulance Services named First Responder Vehicles

  • Delhi Government on February 07, 2019 launched Bike Ambulance Service in order to ensure timely health assistance in traffic-congested areas and small lanes.
  • The bikes will be known as First Responder Vehicles and will have a portable oxygen cylinder, first aid kit and dressing materials, air-splints, GPS and communication device, among others.
  • Delhi Chief Minister Arvind Kejriwal launched the fleet of 16 bikes. The cost of the project is Rs 40 lakh.

India ranked 36th in International Intellectual Property (IP) Index 2019; Top- US

  • India has been ranked 36th in the International Intellectual Property (IP) Index 2019 released by the US Chamber of Commerce’s Global Innovation Policy Center (GIPC).
  • United States has topped the index followed by UK on second.
  • The index ranks 50 nations based on the IP climate in the nation. India has jumped 8 spots from 44th rank in 2018 to 36th spot in 2019 and this is the highest increase among 50 nations ranked in the index.

RBI cuts Repo Rate by 25 bps to 6.25%

  • The Reserve Bank of India in its Sixth Bi-monthly Monetary Policy Statement, 2018-19 Resolution of the Monetary Policy Committee (MPC) has reduced the repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 6.5 per cent to 6.25 per cent.
  • Hence the new rates are as under:
    • Repo Rate: 6.25%
    • Reverse Repo Rate: 6.00%
    • Marginal standing facility (MSF) rate and the Bank Rate: 6.50%
    • CRR: 4%
    • SLR: 19.25%
  • The MPC also decided to change the monetary policy stance from calibrated tightening to neutral. 
  • India’s real gross domestic product (GDP) growth for 2018-19 as per CSO is 7.2 per cent.

RBI enhances Collateral free Agriculture Loan limit to Rs 1.6 lakhs

  • The Reserve Bank of India has announced to increase the collateral­–free agriculture loans from Rs 1 lakh to Rs 1.6 lakh. This will enhance coverage of small and marginal farmers in the formal credit system.
  • Presently the banks are mandated to give collateral free agriculture loans up to Rs 1 lakh. This limit of Rs 1 lakh was fixed in the year 2010. But the limit has been increased keeping in view the overall inflation and rise in agriculture input costs since then.

RBI revises the definition of Bulk Deposit from Rs 1 crore to Rs 2 Crore

  • The Reserve Bank of India has announced to revise the definition of Bulk Deposit from single rupee deposits of ₹1 crore to single rupee deposits of ₹2 crore and above.
  • Bulk Deposit: Single – Rupee term deposits (Single Deposit in Rupee denomination for fixed term) of Rupees two crore and above for Scheduled Commercial Banks other than Regional Rural banks.
  • RBI allows banks to offer differentiated interest rate above this Bulk Deposit limit. So now single term deposit above Rs 2 Crore will be considered as Bulk Deposit. 

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