CURRENT AFFAIRS 1ST MARCH 2019-PIB, THE HINDU AIR &INDIAN EXPRESS GIST
OVERVIEW o 2ND ADVANCE ESTIMATE OF FOOD GRAINS PRODUCTION o2ND ADVANCE ESTIAMTE OF NATIONAL INCOME o AlIB LOAN OF USD 455 MILLION TO GO o BILATERAL SWAP AGREEMENT BETWEEN INDIA AND JAPAN o KNITTING AND KNITWEAR SECTOR NEW SCHEME o PRANAM COMMISSION AND BILL SHREYAS SCHEME ONE LINER NEWS
2ND ADVANCE ESTIMATE OF FOOD GRAINS PRODUCTION o Its is released by department of agriculture and farmers welfare and released on 28th February. o The rice production of 115.6 million tonnes, the overall food grain production in the country is likely to be 281.37 million tonnes in 2018-19 Read more at: lleconomictimes.indiatimes.com/articleshow/68200557.cms?utm source contentofinterest&utm medium text&utm campaign=cppst o the agriculture department shows wheat production is expected to touch 99.12 million tonnes, lower than the target of 102.20 million tonnes.
o According to the second advance estimate, pulses production is likely to be 24.02 million tonnes oilseeds production in the country during 2018-19 is estimated at 31.50 million tonnes with an increase of 27.61 million tonnes over 2017-18, total production of sugarcane in the country during 2018-19 is estimated at 380.83 million tonnes Further, sugarcane production during 2018-19 is 31.05 million tonnes higher than the average sugarcane production of 349.78 million tonnes
2ND ADVANCE ESTIAMTE OF NATIONAL INCOME o The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation has released the Second Advance Estimates of National Income at Constant (2011-12) and Current Prices for the financial year 2018-19. Growth Rates of GDP Constant Prices Current Prices Annual 2018-19 (Second Advance) Q12018-19 (April-June) Q2 2018-19 (July-September) Q3 2018-19 (October-December) (2011-12) 7.0 8.0 7.0 6.6 11.5 12.6 11.9 11.0
AIIB LOAN OF USD 455 MILLION TO GO o Asian Infrastructure Investment Bank (AllB) and the Government of India signed a USD 455 million loan in New Delhi to finance the Andhra Pradesh Rural Roads Project, which will connect some 3,300 habitations with a population of more than 250, and benefit around two Million people. o The objective of the Project is to improve road transport connectivity in previously unserved communities by providing all weather rural roads in all 13 Districts of the State of Andhra Pradesh. The Project plans to construct rural roads to provide first connectivity, construct cross drainage works and bridges to complete missing links and structures, provide approaches to educational institutions and health care centres, construct rural roads passing through tribal areas, and upgrade earthen/gravel roads to asphalt-based roads.
ABOUT AIlB Formation January 16, 2016 (Open for business) December 25, 2015 (Entry into force Articles of Agreement) Type Legal status Purpose Headquarters Region served Membership Regional Investment Bank Treaty Crediting Beijing, China Asia and Oceania 70 Members (and 23 prospective members) Official language English
BILATERAL SWAP AGREEMENT BETWEEN INDIA AND JAPAN o Union Cabinet has approved India's Currency Swap Agreement with Japan. The $75- billion bilateral currency swap arrangement is a milestone in mutual ecconomidc cooperation and special strategic and global partnership between two countries... A Currency swap agreement is a foreign exchange agreement between two parties to exchange a given amount of one currency for another and, after a speccified period of time, to give back the original amounts swapped.
BSA is a very good example of mutual cooperation between India and Japan for strategic objective of assisting each other in times of difficulty and for restoring international confidence. This facility will enable the agreed amount of Capital being available to India on tap for use. Also, with this arrangement in place, prospects of Indian companies would improve in tapping foreign capital as there would be greater confidence in stability of country's exchange rate. Availability of such swap line to tide over difficulties arising out of Balance of Payment (BOP) would deter speculative attacks on the domestic currency and greatly enhance the RBI's ability to manage exchange rate volatility o The arrangement is another milestone in mutual economic cooperation and special strategic and global partnership between India and Japan.
PRANAM COMMISSION AND BILL o Assam Chief Minister Sarbananda Sonowal had launched the PRANAM Commission, a panel set up to look after the issues concerning a Bill, for protection of parents of state government employees. Launching The Parents Responsibility and Norms for Accountability and Monitoring (PRANAM) Bill in Guwahati yesterday, Mr. Sonowal said ,it is an effort to protect elderly parents of government employees in their times of need.
SHREYAS SCHEME o SHREYAS is a programme conceived for students in degree courses, primarily non-technical, with a view to introduce employable skills into their learning, promote apprenticeship as integral to education and also amalgamate employment facilitating efforts of the Government into the education system so that clear pathways towards employment opportunities are available to students during and after their graduation Following are the objectives of SHREYAS o To improve employability of students by introducing employment relevance into the learning process of the higher education system o To forge a close functional link between education and industry/service sectors on a sustainable basis o To provide skills which are in demand, to the students in a dynamic manner o To establish an 'earn while you learn' system into higher education o To help business/industry in securing good quality manpower o To link student community with employment facilitating efforts of the Government
One liner o Foundation stone for NATIONAL INSITUTE OF UNANI MEDICINE (NIUM) to be laid at Ghaziabad on 1st March 2019. it is extension of NIUM, Bangalore be a 200 bedded hospital providing healthcare services. o Agreement for the exchange of Information AND Assistance in Collection with respect to Taxes (TIEA) has been signed between INDIA AND BRUNEI DARUSSALAM. It enables exchange of information including banking and for the tax purpose. o India ranked 47th in the Inclusive Internet Index 2019' which is prepared by Economist Intelligence Unit for Facebook. It was expanded to include 100 countries which will represent 94% of the worlds population and 96% of global GDP. Sweden topped the index and Singapore is 2nd and USA is 3rd
Teaching is passion and learning from learners that what i believe is the best way of learning.Pursuing my Masters .Appeared 4 UGC and ibps