Daily Current Affairs – Jan 8th, 2020

Table of Contents

India’s 2020-21 GDP seen contracting 7.7%: Govt’s first advance estimate by National Statistical Office (NSO)

Contraction from a growth rate of 4.2% in 2019-20 mainly due to Covid-19 impact.Contraction in almost all sectors except agri & electricity generation.Advance estimates of GDP are released before Union Budget & aids in budget-making process.

Did you Know

Agri & elec gen growth rate estimated at 3.4% & 2.7%.

Centre decides to form committee to protect language, culture & land of Ladakh

The Committee will be headed by the Minister of State for Home G Kishan Reddy and will include elected representatives from Ladakh, Ladakh Autonomous Hill Development Council, central government, and the Ladakh administration.

Did you Know

Ladakh Lt.Governor – Radha Krishna Mathur.

Elon Musk overtakes Amazon’s Jeff Bezos to become world’s richest person – Bloomberg Billionaires Index

Elon Musk had a net worth of more than $188.5 billion, $1.5 billion more than Bezos,who has held the top spot since October 2017. China’s Zhong Shanshan has vaulted past Warren Buffett to claim 6th slot after shares of his bottled-water company surged.

Did you Know

Musk is founder of SpaceX,Tesla,The Boring Company etc.

External Affairs Minister S Jaishankar wraps up his three-day visit to Sri Lanka

Held meetings with President Gotabaya Rajapaksa, PM Mahinda Rajapaksa, Foreign Minister Dinesh Gunawardena etc; met the Tamil leadership in Sri Lanka to discuss issues pertaining to the development & devolution and the role of provincial councils etc.

Did you Know

SL legislative capital is Sri Jayawardenepura Kotte

CPCB organizes 33rd Analytical Quality Control exercise of 145 Environmental Laboratories for 9 trace metal parameters.

AQC evaluates performance of participating 145 labs in terms of analytical activities, robustness of instruments used & expertise of manpower.9 metals:As,Cd,Cr,Cu,Fe,Mn,Ni,Pb & Zn assessed for pollution in air and water.

Did you Know

Instrumentation Laboratory,CPCB, Delhi organised this 33rd AQC.

L&T Hydrocarbon Engineering bags up to Rs 5,000-cr order from ONGC

LTHE,a wholly-owned subsidiary of Larsen and Toubro secured the engineering, procurement, construction, installation and commissioning(EPICC) contract for ONGC’s new living quarter and revamp at NQ Complex in ONGC’s Mumbai High Asset.

Did you Know

LTHE CEO & MD:Subramanian Sarma.

Justice Hima Kohli becomes first woman Chief Justice of Telangana HC

Governor Tamilisai Soundararajan has administered the oath of office to Justice Hima Kohli. She is the first woman Chief Justice of Telangana HC which was carved out of the Hyderabad HC for the States of Telangana and Andhra Pradesh on January 1, 2019.

Did you Know

Tamilisai Soundararajan is state’s first woman governor.

Education Minister Dr. Ramesh Pokhriyal inaugurates two-day Virtual International Akhand Conference ‘EDUCON-2020’

Theme:Envisioning Education for Transforming Youth to Restore Global Peace;Organized by Central University of Punjab in collaboration with Global Educational Research Association;first of its kind conference in India with nonstop marathon sessions.

Did you Know

Scholars across world will be discussing the theme for 31 hours.

Centre Approves Advisory For Management Of Human-Wildlife Conflict

Standing Committee of National Board of Wildlife(SC-NBWL) approved it.The advisory makes important prescriptions for the States/ UTs for dealing with Human-Wildlife conflict situations & seeks expedited inter-departmental coordinated & effective actions.

Did you Know

NBWL constituted under Section 5A Wildlife (Protection)Act,1972.

Caracal put on the critically endangered list

National Board for Wildlife approved a recovery program for Caracal,a medium sized wild cat,which is now critically endangered species found only in Gujarat & Rajasthan.There are now 22 species on critically endangered species recovery programme.

Did you Know

NBWL,advisory body chaired by PM;
Constituted in 2003.

Central Board of Indirect Taxes & Customs introduces flagship Liberalised Authorised Economic Operator(AEO) Package for MSMEs

It is in recognition of critical contribution of MSMEs in supporting economy; to become AEOs CBIC has relaxed compliance criteria provided MSMEs have a valid certificate from their line-Ministry; MSMEs can avail faster clearances & related benefits.

Did you Know

CBIC(1944):
Chairman: M.Ajit Kumar;
HQ: New Delhi

Shri Justice Sudhanshu Dhulia appointed as Chief Justice of the Gauhati High Court

The President of India, in exercise of the power conferred by clause (1) of Article 217 of the Constitution of India, appointed Shri Justice Sudhanshu Dhulia, Judge of the Uttarakhand High Court, as Chief Justice of the Gauhati High Court.

Did you Know

Minister of law and justice:Ravi Shankar Prasad

IDFC Mutual Fund unveils new pan India campaign #PaisonKoRokoMat,Investor Awareness initiative

IDFC Mutual aims to shift the conversation regarding wealth creation from the traditional to the contemporary.Urges savers to overcome their inertia and become investors by exploring the smart and modern mutual fund vehicle for their investments.

Did you Know

IDFC Mutual is managed by IDFC AMC;
CEO & MD: Vishal Kapoor

Telangana becomes the 3rd State to complete Urban Local Bodies reforms; Additional borrowing permission of Rs.2,508 crore issued

Additional borrowing permission of Rs.7,406 crore granted so far to 3 States(Andhra Pradesh,Madhya Pradesh &Telangana) for urban local bodies reforms.Reforms in ULB include financial strengthening & enable them to provide better public health & sanitation.

Did you Know

Telangana has done EODB reforms & ONORCS implementation as well.

Cabinet approves Rs 28,400-cr industrial development scheme for J&K upto the year 2037.

Scheme while encourage new investment by providing GST incentive & interest subvention;nurture existing industries in J&K by providing working capital support at the rate of 5% for 5 years;boost economy & generate employment in manufacturing & services.

Did you Know

J&K LG: Manoj Sinha

IRDAI asks insurers to offer 3 standard products for fire, allied peril from April 1

The Standard Fire & Special Perils (SFSP) Policy will be replaced by 3 standard products-Bharat Griha Raksha(for home buildings), Bharat Sookshma Udyam Suraksha (for enterprises risk upto Rs.5 crore)& Bharat Laghu Udyam Suraksha(above Rs.5 cr to Rs.50 cr)

Did you Know

IRDAI:
Chairman: Subhash Chandra Khuntia;
HQ: Hyderabad

J&K LG, Manoj Sinha launches Mobile Application ‘Satark Nagrik’ and Departmental Vigilance Officers Portal of ACB

App purpose to facilitate seamless flow of information about corruption and enable citizens to submit their grievances with ease and mobility;Portal has been designed to enable an online communication channel with the DVOs of various departments.

Did you Know

Anand Jain, Director Anti Corruption Bureau, J&K

PNB collaborates with IIT Kanpur & Foundation for Innovation & Research in Science & Technology to set up Innovation Cen

Fintech Innovation Centre (FIC) at IIT Kanpur campus will act as a vehicle to research and develop technological solutions to address challenges and explore opportunities in the BFSI space.PNB will get access to the pool of Fin-Techs incubated by IIT-K.

Did you Know

PNB:
MD&CEO:S S Mallikarjuna Rao;
HQ: New Delhi.

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