Daily Current Affairs 12 February 2020 for Banking/Insurance/SSC and other related exams.
Global meet on climate change, ocean health held in Kerala
The Cusat School of Industrial Fisheries, in association with the department of fisheries, Kerala, will organise ClimFishCon 2020, a three-day international conference on the impact of climate change on ‘hydrological cycle, ecosystem, fisheries and food security’ held at the Le Meridian Convention Centrein Kochi, Kerala.
Cauvery Delta Region to be declared as Protected Agricultural Zone by TN Govt
Tamil Nadu Chief Minister Edappadi K. Palaniswami announced that the Cauvery delta region would be declared a Protected Special Agriculture Zone as a step towards ensuring food security of the State.
- He laid the foundation stone for what is touted as Asia’s largest livestock farm at Thalaivasal village near his hometown Salem.
National Water Conference held in Madhya Pradesh
Madhya Pradesh CM Chief Minister Kamal Nath, inaugurated National Water Conference in Madhya Pradesh capital Bhopal. Well-known water experts of the country have expressed concern over the growing water crisis.
- Madhya Pradesh Government has announced to implement the Water Rights Act in the state and will be the first state in the country where this law will be implemented.
NSG organises 20th International Seminar against terrorsim at Manesar, Haryana
The Minister of State for Home Affairs, Shri G. Kishan Reddy inaugurated the 20th International Seminar on “Comprehends the Evolving Contours of Terrorism & IED Threat-Wayahead for the Security Community”, organised by the NSG, at Manesar, Haryana.
India has displayed the resolve and commitment to the policy of “ Zero tolerance towards Terrorism” and this assertive policy has indeed led to results with drop in left wing extremism and dismantling of several terror modules across the country.
33rd African Union (AU) summit held in Ethiopia
The annual meeting of the African Union (AU) leaders held in Ethiopia’s capital Addis Ababa.
- The 33rd summit of the Assembly of Heads of State and Government is being held under the theme of Silencing the Guns: Creating Conducive Conditions for Africa’s Development.
- South African President Cyril Ramaphosa, who is taking over from Egyptian President Abdel Fattah el-Sisi as AU chair
WHO officially names Coronavirus disease as “Covid-19”
The World Health Organization says the official name for the disease caused by the new coronavirus is Covid-19.
- It comes after the death toll from the virus passed 1,000. Tens of thousands of people have been infected.
India out of US’ developing nations list for trade benefits
Ahead of President Donald Trump’s visit on February 24-25, the US removed India from its list of developing countries that are exempt from investigations into whether they harm American industry with unfairly subsidised exports.
- The United States Trade Representative (USTR) eliminated a host of countries including Brazil, Indonesia, Hong Kong, South Africa and Argentina from getting special preferences under the methodology for countervailing duty (CVD) investigations, stating that the previous guidance that dated back to 1998 “is now obsolete”.
BANKING & FINANCE
RBI grants 5-year CRR relief to banks for lending to auto, housing, MSMEs
The Reserve Bank of India (RBI) announced several measures to boost loan growth to sectors like residential real estate, automobiles, and micro, medium and small enterprises (MSMEs).
- Reserve Bank of India (RBI) has eased Cash Reserve Ratio (CRR) requirement of commercial banks for 5- years.So now the banks would not be needed to maintain the cash reserve ratio (CRR) for 5- years on their deposits for the amount equivalent to loans lent to automobiles, residential housing, and micro, small and medium enterprises (MSMEs) between 31 Jan-31 July, 2020 from their net demand and time liabilities (NDTL) for maintenance of the CRR.
BUSINESS & ECONOMY
Iran overtakes Russia as biggest buyer of Indian tea in 2019
Iran overtook Russia to emerge as the top buyer of Indian tea last year, after sanctions against the Islamic Republic halted imports other than specially negotiated deals.
- India and Iran have been trading through a rupee-based bank account to bypass restrictions imposed by the US. While this bilateral trade has boosted imports of Indian tea at higher-than-normal prices, the outlook for orthodox teas is uncertain, with even Lipton owner Unilever Plc weighing a sale of one of its best-known brands.
Medical devices to come under CDSCO’s purview from 1st April
The government issued a final notification to consider all medical devices as drugs, bringing them under the purview of the drugs regulator and tightening regulations for them to improve safety and quality.
- According to the notification by the ministry of health and family welfare, all medical devices, including implants and contraceptives, will be brought under the lens of the Central Drugs and Standard Control Organization (CDSCO) in a phased manner starting 1 April, 2020.
Sophie Devine becomes 1st cricketer to hit 5 successive 50-plus scores in T20 International
Sophie Devine score of 105 against South Africa women in 4th T20I in Wellington during the 4th T20I, Sophie became the first cricketer (both in male and female category) to score 5 consecutive 50-plus scored in T20 international.
- Sophie surpassed Mithali Raj, Brendon McCullum and Chris Gayle with her record.
Aditya Mehta & Vidya Pillai wins National Snooker Championship
Ace cuiest Aditya Mehta defeated multiple-time world champion Pankaj Advani 6-2 to win the National Snooker Championship
- In the women’s snooker finals, Karnataka’s Vidya Pillai edged out Amee Kamani of Madhya Pradesh 3-2 to defend her senior ladies snooker title.
SCIENCE & TECHNOLOGY
DRDO developing a new ballistic missile Pranash with striking range of 200km
Seeking to enhance the firepower of Army and Air Force, India has started developing a 200-km strike range tactical ballistic missile ‘Pranash’.
- The Pranash is an advanced version of the 150-km strike range Prahaar missile which was designed for tactical missions
Elephant and Indian Bustard to be included in India’s global conservation list
India will be moving to include the Asian Elephant and the Great Indian Bustard in the list of species that merit heightened conservation measures.
- The list will be debated at the 13th Conference of Parties (COP) of the Convention on the Conservation of Migratory Species of Wild Animals (CMS), an environment treaty under the United Nations Environment Programme (UNEP) in in Gandhinagar, Gujarat.
World Unani Day
World Unani Day has observed every year on 11th February. This day is celebrated every year to mark the birth anniversary of great Unani scholar and social reformer Hakim Ajmal Khan.
- The main objective of World Unani Day is to spread awareness about health care delivery through Unani system of medicine through its preventive and curative philosophy.