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.
Founded: July 1944;
HQs: Washington, U.S.
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.
India is to have Current Account Surplus of 2% of GDP in FY 2021
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.
Insurance penetration = % of total insurance premium to GDP.
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.
Ladakh became an Union Territory on 31st of October 2019.
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.
Approval was made under Section 31(1) of Competition Act, 2002.
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.
Nagaland Capital: Kohima;
Chief minister: Neiphiu Rio.
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.
BCCI president: Sourav Ganguly;
Formed: December 1928.
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.
NaBFID Bill 2021 will be introduced in the Budget session.
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.
March 23 Shaheed Diwas: Death of Bhagat Singh,Rajguru & Sukhdev
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.
Theme: Beat Leprosy, End Stigma & Advocate for Mental Well-Being
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.
V-shaped recovery is characterized by quick & sustained recovery
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.
The report is authored in collaboration with PwC.