RBI has released the 20th issue of the FSR. It says that the global economy confronted a number of uncertainties that leads to significant deceleration in growth. It also discusses issues relating to the development and regulation of the financial sector.
RBI had forecasted India’s GDP as 5% on December.
Indian Central government's citizen engagement platform - MyGov has reached one crore registered users. Five years ago, on July 26, 2014, @mygovindia began its journey with a vision to offer a platform for the voice and views of the people of India.
MyGov has emerged as a vibrant centre for ideas and insights.
RBI has directed large cooperative banks to report all exposures of 5 Cr and more to the Central Repository of Information on Large Credits (CRILC). UCBs will be required to submit CRILC report on quarterly basis with effect from December 31, 2019.
The move is aimed at early detection of financial distress.
No MDR will be applicable on transactions through RuPay & UPI platforms beginning 1 January 2020. All companies with a turnover of 50 Cr or more will be mandated to provide the facility of payment through RuPay Debit card & UPI QR code to their customers.
MDR is expressed in percentage of the transaction amount.
Raksha Mantri Shri Rajnath Singh launched the mobile app of the forthcoming DefExpo 2020. Department of Defence Production under the Ministry of Defence (MoD) has developed the app, with the aim to engage with the visitors as well as the exhibitors.
DefExpo 2020 will be held at Lucknow, UP on February 5-8.
India is working on developing a smart backyard dairying model near Delhi to showcase it to the world at the World Dairy Summit, which the country will host in 2022 in New Delhi. The next is planned in September-October 2020 at Cape Town, South Africa.
In 2019, the event was held in Istanbul, Turkey.
BEML Ltd, a defence public sector, signed a memorandum of understanding (MoU) with IRCON International Ltd to explore opportunities in the overseas market by synergising each other’s strengths for large infrastructure projects in the transportation sector.
MoU is aimed at promoting BEML equipment for railway projects.
In Madhya Pradesh, the 5-day long Mandu festival has been started in Mandu, a world-famous picturesque tourist destination located in Dhar district of the state. The rich classical & traditional folk arts of dance, singing & playing will be part of Mandu.
It is the blend of cultural activities & adventure sports.
Renowned musician & composer Ilaiyaraja has been selected for Harivarasanam award for 2020. Award-comprises a cash prize of ₹1 lakh, is given to those persons who have contributed to propagate the spirit of secularism & universal brotherhood through music.
Award comprises a cash prize of ₹1 lakh, citation & a plaque.
The United Nations General Assembly adopted a USD 3.07-billion operating budget which for the first time includes funding for the investigation of war crimes in Syria & Myanmar. The budget represents a slight increase from 2019's figure of USD 2.9 billion.
United Nations faced severe Financial crisis in October 2019.
Christina Koch creates a record for the longest single spaceflight by a woman, surpassing the earlier record of Peggy Whitson-288 days in space. When Christina arrives back on Earth in February 2020, she will have spent more than 300 days in space.
She is onboarding the Space Station since 14th March 2019.
The Abu Dhabi Fund for Development (ADFD) extended 300 million US dollars as development aid to the Hashemite Kingdom of Jordan. Thousands of refugees have been pouring into Jordan to escape Syria’s civil war. Syria shares the northern border with Jordan.
According to UN, Jordan hosts about 630,000 Syrian refugees.