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Important Current Affairs 24th February 2019

NATIONAL NEWS:

Global Business Summit held in New Delhi

• The Global Business Summit can be the Davos of the East, said Vineet Jain, Managing Director of the Times group in the welcome address for the Economic Times Global Business Summit 2019 in New Delhi. Prime Minister Narendra Modi addressed the Global Business summit in New Delhi.

• Top Indian policy makers including, Prime Minister Narendra Modi, Finance Minister Arun Jaitley, railways minister Piyush Goyal, commerce minister Suresh Prabhu and law minister Ravi Shankar Prasad.

PM Modi unveils Pradhan Mantri Kisan Samman Nidhi scheme in Gorakhpur

•  Prime Minister Narendra Modi launched the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme in Gorakhpur. PM-KISAN scheme, announced in the interim Budget, released earlier this month will provide Rs 6,000 per year to small and marginal farmer families having combined land holding/ownership of upto 2 hectares. The amount will be given in 3 installments of Rs 2,000 each.

• The amount will be transferred directly to the bank account of the beneficiaries through Direct Benefit Transfer. After launching the scheme, the Prime Minister also handed over certificates to select beneficiaries of the scheme.

GST on affordable housing properties reduced to 1 pc

The Goods and Services Tax (GST) on affordable housing properties without input tax credit (ITC) has been reduced to one per cent, while effective GST of 5 per cent shall be applicable without ITC on residential properties outside affordable segment, as was decided by the GST Council at its 33rd meeting. The new rate will be effective from April 1, 2019.

• In metros, a flat of 60 square meter carpet area and costing Rs 45 lakh in the apartment will fall in the affordable housing category. In non-metros, the size will be 90 square meter carpet area and costing Rs 45 lakh.

Odisha launches boat ambulance

• The Odisha government launched the boat ambulance service to help patients reach hospitals in remote areas cut off by rivers, at a cost of Rs 5.40 crore. The first boat ambulance was launched at Batighar in the Kendrapara district.

• Six boat ambulances will add to the road fleet and will be part of the 108 ambulance service. Patients from the areas cut off by rivers need to wait long for transportation to the nearest hospital. They would use boats to cross water bodies to the be picked up by 108 or 102 ambulance.

TN becomes first state in mainland to get 2 Coast Guard dists

• Necessitated by frequent issues pertaining to fishermen, Tamil Nadu became the first state in the country to get a second Coast Guard district headquarters – Thoothukudi.

• The first district headquarters is Chennai. Inaugurated by state Governor Banwarilal Purohit, the Thoothukudi district headquarters has been set up with an aim to augment security mechanism on the eastern coast and the state in particular.

Chennai to host ‘Science at Sabha’

• The fourth edition of ‘Science at the Sabha’ organized by The Institute of Mathematical Sciences, will be held in Chennai. The programme is part of the institute’s outreach programme to the common man. ‘Science at Sabha’ will be held at The Music Academy in Chennai.

• The event-like feature talks on topics like “Traffic rules in neurons” by Sandhya Koushika, Tata Institute of Fundamental Research, Mumbai; “Untwisting the twisted matter” by Vijay Shenoy and “The whole is more than the sum of its parts” by Sitabhra Sinha, The Indian Institute of Mathematical Science, Chennai.

INTERNATIONAL NEWS:

•  Zimbabwe’s central bank began trading a sharply discounted replacement currency, attempting to ease a cash crunch that has hobbled the economy and plunged millions deep into poverty. Zimbabwe adopted the dollar in 2009 but, as a chronic hard currency shortage worsened, introduced a parallel system of bond notes that it pegged at 1:1 to the U.S. currency.

• Effectively reintroducing a national currency, the Reserve Bank of Zimbabwe (RBZ) said it would carry out a “managed float” of the surrogate, which fetches far less than a dollar on the black market. The bond notes and electronic dollars, locked in individuals’ accounts for months due to a lack of cash, will be merged into a separate currency called RTGS or real-time gross settlement dollars.

SPORTS:

Saurabh wins gold at shooting World Cup

• Indian shooter Saurabh Chaudhary won gold in the men’s 10 meter air pistol category at the ISSF World Cup in New Delhi. In the final, the shooter created a new world record with a score of 245. This is the second gold for India in this tournament.

• Apurvi Chandela had taken the first gold for India when she won the title in the women’s 10m air rifle category.

APPOINTMENTS:

Brij Bhushan Sharan elected as WFI President for third time

• Member of Parliament Brij Bhushan Sharan Singh has been elected third time unopposed as the President of Wrestling Federation of India (WFI). Election of the Office Bearers and Executive Committee Members of WFI for the next year’s term (2019-2023) was held in New Delhi at the Constitution Club of India.

• Along with Brij Bhushan, I.D. Nanavati has been elected as the Senior Vice President, V.N. Prasood as the Secretary General and Satyapal Singh Deshwal as the Treasurer.

AWARDS:

Manpreet Singh honored with AHF’s Player of the Year Award

• The Asian Hockey Federation has honored Indian skipper Manpreet Singh with the 2018 Player of the Year award. Women team’s striker Lalremsiami has bagged the Rising Player of The Year prize.

• Manpreet led the Indian team to an unbeaten streak at the Asian Champions Trophy in Muscat where the team was declared joint winners with Pakistan while Lalremsiami put up an impressive performance as a striker at the 2018 World Cup.

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