Daily News

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OliveBoard's New Year offer is back

OliveBoard's New Year Offer is back for only 1 day. Get 50% off on all new pattern 2020 tests for Bank, SSC & Railway. Use code B50 to redeem it. Get an additional 20% off on Edge courses which has over 1000+ Videos, Live Classes & Live Practice Sessions.

Did you Know

Oliveboard users improved the scores by +16 marks after 9 tests.

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Sam Mendes' war drama ‘1917’ dominates Baftas 2020

Sam Mendes' ‘1917’ ruled the 73rd edition of Baftas with 7 wins, including best film, best British film & best director. Joaquin Phoenix & Renee Zellweger won the best actor & actress awards respectively. Micheal Ward was named the Bafta rising star.

Did you Know

BAFTA-British Academy of Film & Television Arts.

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Mohammed Allawi appointed the PM of Iraq

One of the former communications ministers of Iraq, Mohammed Allawi is appointed the PM of Iraq by the President Barham Salih. Despite ex-PM Adel Abdul Mahdi formally resigned, he had agreed to continue in a caretaker capacity until a successor was chosen.

Did you Know

Iraq is among the 5 most corrupt countries in the Middle East.

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India, Maldives sign five MoUs for establishing Addu Tourism zone

India & Maldives signed 5 MoUs for establishing the Addu Tourism zone in 5 islands of Addu atoll at a cost of USD 2.49 mn. MOUs were signed between the High Commissioner of India Sunjay Sudhir, Foreign Affairs Minister Abdulla Shahid & Addu City Council.

Did you Know

6th MoU is signed to set up a bottled water plant in Hoarafushi.

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PM Sheikh Hasina inaugurates month long Ekushey Book Fair

Prime Minister Sheikh Hasina of Bangladesh inaugurated the month long Ekushey Book fair in Dhaka. Ekushey fair is the biggest and longest book fair of Bangladesh. It is organised every year in February commemorating the martyrs of the language movement.

Did you Know

Fair is arranged each & every year by Bangla Academy.

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Budget 2020 announces the largest ever science mission

The government in its budget 2020 has announced a National Mission on Quantum Technologies & Applications (NM-QTA) with a total budget outlay of Rs 8000 Crore for a period of five years to be implemented by the Department of Science and Technology (DST).

Did you Know

Quantum Technology is based on the principles of quantum theory.

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Budget 2020: Indian Railways' operating ratio for FY20 at 98.41%

Operating ratio is a measure of the portion of revenue that goes into meeting the expenses. Hence, the lower the number, the better the performance. In FY 2019-20, Railways spent about Rs 98.41 to earn every Rs 100, according to the Union Budget 2020.

Did you Know

Projected operating ratio in FY20-21 is around 97.30%.

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IRCTC's 3rd private train to run on Indore-Varanasi route

The third private train of the IRCTC would run between Indore and Varanasi route. The overnight train would have the same rakes as those of the Humsafar Express. IRCTC has started operating private trains on two routes, Delhi-Lucknow and Ahmedabad-Mumbai.

Did you Know

Railway Board Chairman- Vinod Kumar Yadav.

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Budget 2020: Plan to hike FPI limit in corporate bonds to 15% from 9%

The government plans to increase investment limit of foreign portfolio investors in corporate bonds from 9% to 15%. In her second Budget presentation, the finance minister Sitharaman said certain government securities will be open for foreign investors.

Did you Know

22,000 Cr had given to infrastructure project pipeline.

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India raises import tax on crude palm oil to 44%

India has raised import tax on crude palm oil to 44% from existing 37.5%. The hike in import duty on palm oil could prompt buyers to increase purchases of rival edible oils such as soyoil and sunflower oil. India is the world’s biggest palm oil importer.

Did you Know

Under ASEAN agreement, the concessional rate is 37.5%.

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Budget 2020: Centre to allow NBFCs to extend invoice financing To MSMEs

The govt will allow NBFCs to extend invoice financing To MSMEs, FM announced. Centre has asked the RBI to mull extending MSME recast window by one more year. MSMEs account for about 45% of manufacturing output, more than 40% of exports & over 28% of GDP.

Did you Know

Indian MSMEs have physical capital valued at less than 10 Cr.

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Madhya Pradesh bags first position for implementation of PMMVY

Madhya Pradesh has bagged the 1st position for the implementation of Pradhan Mantri Matru Vandana Yojana. Women & Child Development Minister Smriti Irani will present the award. Indore district has bagged the 1st place for better performance of the scheme.

Did you Know

Incentive of 5000 Rs is given to pregnant women under the PMMVY.

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Budget 2020: Task force to be set up for recommending marriageable age for women

FM announced that a task force will be set up to recommend marriageable age for women. Rs 9,500 crore has been provided for senior citizens and Divyangs, while Rs 35,600 crore has been allocated for nutrition related programme in FY21 in the budget 2020.

Did you Know

Rs 85,000 Cr has been allocated for SCs & OBCs in the Budget.

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Navy conducts coastal security exercise 'Matla Abhiyaan' in Kolkata

The Indian Navy carried out a 5-day coastal security exercise, 'Matla Abhiyaan', with personnel of two naval boats, holding interactions with all stakeholders along the riverine border with Bangladesh. It was aimed to spread awareness on coastal security.

Did you Know

Exercise was named after Matla River.

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Rajasthan looks to revive rural employment through Khadi

In a bid to encourage artisans & workers the Rajasthan government is looking to tie up online platforms for branding & marketing of Khadi and generate more employment. 2-day International Conference on Globalisation of Khadi held at Jaipur, Rajasthan.

Did you Know

Rajasthan & CII jointly organized the conference.

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Australian Open: Novak Djokovic wins his record 8th Men's singles title

In tennis, Serbia's Novak Djokovic won his record 8th Men's singles title in Australian Open in Melbourne. He beat first-time Australian Open finalist Dominic Thiem of Austria. Joe Salisbury of UK and American Rajeev Ram clinched the men’s doubles title.

Did you Know

Timea Babos & Kristina Mladenovic won the women's doubles title.

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RBI’s Shaktikanta Das named best central banker in Asia Pacific

Shaktikanta Das has been named the ‘Central Banker of the Year 2020’ for the Asia-Pacific region by financial intelligence magazine The Banker. He won the accolade for bringing in measures to tighten the rules around NBFCs. He became RBI Governor in 2018.

Did you Know

Shaktikanta Das is 25th governor of the RBI.

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India's biggest rural technical festival Antahpragnya 2020 concluded

M Prashanthi, District Collector of Nirmal, inaugurated National Level India's Biggest Rural Technical Festival 'Antahpragnya 2020' in Telangana. The 3-day technical fest with the theme 'Spot and encourage rural tech innovators' will have over 200 events.

Did you Know

It showcased 300 plus prototype working models.

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RBI hikes insurance cover on bank deposits to Rs 5 lakh

Reserve Bank of India (RBI) increased insurance cover on bank deposits from Rs 1 lakh to Rs 5 lakh effective.The cover is provided by the Deposit Insurance and Credit Guarantee Corporation (DICGC), a wholly-owned subsidiary of the RBI.

Did you Know

Deposit insurance was static at Rs 1 lakh since 1993.