Daily News

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India, World Bank sign 500 million dollar Programme to improve quality of school education in India

India & the World Bank signed a $500mn Strengthening Teaching-Learning and Results for States Programme (STARS) to improve the quality & governance of school education in 6 Indian states. These include HP, Kerala, MP, Maharashtra, Odisha, and Rajasthan.

Did you Know

Founded: July 1944;
HQs: Washington, U.S.

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India to become Fastest Growing Economy in next 2-years as per IMF

While presenting the Economic Survey 2021, Chief Economic Adviser Krishnamurthy Subramanian stated that India will become the fastest growing economy in the world in the next two years as per the International Monetary Fund.

Did you Know

India is to have Current Account Surplus of 2% of GDP in FY 2021

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India's insurance penetration "extremely low" compared to Asian rivals: Economic Survey

India’s insurance penetration at just 3.76% of the GDP is "extremely low" against comparable Asian countries such as China, Malaysia, and Thailand as well as the global average, according to the central government’s Economic Survey of 2020-21.

Did you Know

Insurance penetration = % of total insurance premium to GDP.

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Council of Scientific and Industrial Research Signs an MoU for S&T-led Development of Union Territory of Ladakh

An agreement was signed b/w CSIR & Ladakh to establish knowledge partnership b/w the Ladakh & CSIR, aimed at development in areas like bioresource utilization endemic to Ladakh, introduction of cash crops in the region and exploration of natural resources.

Did you Know

Ladakh became an Union Territory on 31st of October 2019.

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CCI approves acquisition of Indo Gulf Fertilisers by Indorama India Private Limited.

Competition Commission of India (CCI) approves acquisition of Indo Gulf Fertilisers by Indorama India Private Limited (IIPL). IIPL is engaged in manufacture, trading and sale of fertilisers, primarily, phosphatic fertilisers and speciality plant nutrients.

Did you Know

Approval was made under Section 31(1) of Competition Act, 2002.

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Nagaland Chief Secretary Temjen Toy passes away

Nagaland Chief Secretary Temjen Toy passed away. He was 57 years old. Toy, who took charge as Nagaland chief secretary in March 2018, is a 1989-batch IAS officer.

Did you Know

Nagaland Capital: Kohima;
Chief minister: Neiphiu Rio.

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BCCI not to hold Ranji Trophy for first time in 87 years

The BCCI will not be conducting its premier first-class domestic tournament Ranji Trophy for the first time in 87 years as the parent body opted for the Vijay Hazare Trophy as per the wishes of the majority of the state units.

Did you Know

BCCI president: Sourav Ganguly;
Formed: December 1928.

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Government to introduce bills to set up DFI, Digital Currency

Govt will set up National Bank for Financing Infrastructure & Development (NaBFID) to meet infrastructure financing requirements of the country in the Budget session. Govt will also introduce the Cryptocurrency & Regulation of Official Digital currency.

Did you Know

NaBFID Bill 2021 will be introduced in the Budget session.

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Martyrs' Day / Shaheed Diwas: 30th January

Martyrs' Day is observed every year on January 30 to mark the death anniversary of the father of the nation Mohandas Karamchand Gandhi. He was assassinated on this day in 1948.

Did you Know

He was conferred the title 'Mahatma' posthumously around 1915.

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World Leprosy Day in India: 30th January

World Leprosy Day takes place on the last Sunday of January worldwide to raise awareness about leprosy (Hansen’s disease) and teach people about it. In India, World Leprosy Day is celebrated on 30 January, the anniversary of Mahatma Gandhi’s death.

Did you Know

Theme: Beat Leprosy, End Stigma & Advocate for Mental Well-Being

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India’s real GDP to record a 11 per cent growth in Financial Year 2021-22: Economic Survey

The Economic Survey tabled in the Parliament projects India’s real GDP to record a 11 per cent growth in Financial Year 2021-22 and nominal GDP to grow by 15.4 per cent, the highest since independence, as nation is witnessing a V-Shaped Economic Recovery.

Did you Know

V-shaped recovery is characterized by quick & sustained recovery

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Investment in upskilling can boost global GDP by $6.5 trn by 2030: World Economic Forum report

As per the World Economic Forum report "Upskilling for Shared Prosperity", Investment in upskilling has potential to boost the global GDP by USD 6.5 trillion by 2030, including by $570 billion in India alone 3rd highest after China and the US.

Did you Know

The report is authored in collaboration with PwC.