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Overview Of Prime Minister Narendra Modi’s A Day Long Visit To Jammu And Kashmir

PM Shri Narendra Modi launched the University of Ladakh which is the first-ever cluster university in the Ladakh region of Jammu and Kashmir.

Prime Minister Shri Narendra Modi laid the foundation stone of the new terminal building of Kushok Bakula Rimpochee (KBR) Airport.

In Jammu Prime Minister Shri Narendra Modi laid the foundation stone of an AIIMS at Vijaypur, Samba.


Assam tops in budgetary practices followed by states: Transparency International

According to a survey by Transparency International, Assam tops in the ranking of best practices followed by states in budget formulation. Assam is the only states which has published a citizens budget in the public domain and Assam government is only government to conduct budget awareness campaign across 17 districts.

Assam was followed by Andhra pradesh and Odisha while Meghalaya, Manipur and Punjab were figured at lower positions.

This survey is based on four parameters which includes public disclosure, budgetary process, post budget fiscal management and efforts to make budget more transparent and citizen friendly.
About Transparency International
♦ Headquarter: Berlin, Germany
♦ Founded: 1993
About Assam
♦ Capital: Dispur
♦ Chief Minister: Shri Sarbananda Sonowal
♦ Governor: Shri Jagdish Mukhi


‘Sopan 2019’ – Festival for young artists 

The 6-day long  music and dance festival to encourage young artists to take up traditional art took place in New Delhi. 

It was Organised by Sahitya Kala Parishad and the New Delhi government, in partnership with New Delhi Municipal Council (NDMC).


Kala ghoda festival 2019 to celebrate glorious two decades of art and culture

The Kala ghoda festival-KAGF, India’s largest multi-cultural street festival begins in Mumbai to celebrate it’s 20 years of art and culture through cinema, theatre, dance,literature and sculpture

The festival hosted the  exhibition at the Jehangir Art Gallery to celebrate the 150th birth anniversary of Mahatma Gandhi and some rich history of Mumbai.

Festival also screened Khalil Mohammad’s documentary on Iranian cafes, performances by Pt. Hariprasad ChaurasiaShaan, Prakriti and Sukriti Kakar performance, panel discussion on 26/11 attacks and its survivors, a session on working of drones, heritage walks, dances and shopping at Rampart Row

Odisha launched Kalia scholarship scheme  to boost education for farmers children

Odisha Chief Minister Naveen Patnaik launched scholarship scheme named ‘KALIA Chhatravritti Yojana‘,for the children of farmers under Krushak Assistance for Livelihood and Income Augmentation (KALIA) scheme  in Keonjhar district.

Under this scheme, the beneficiaries will be provided scholarships to pursue higher education in professional courses at free of cost.

Children of farmers who have taken admission at Government Professional colleges on merit basis are eligible for this scheme.

About Odisha
♦ Capital: Bhubaneswar
♦ Governor: Ganeshi Lal
♦ Chief minister: Naveen Patnaik


325 children rescued under “Operation Smile” in Hyderabad

325 children including 11 girls have been rescued in Hyderabad under “Operation Smile” which was launched on 1st January 2019.

AIM of Operation Smile: The One month long programme aims to rescue child labourers and children engaged in begging.

Apart from rescuing children from Hyderabad and other parts of Telangana, around 100 children from Andhra Pradesh, Bihar, Jharkhand, Uttar Pradesh and Nepal have been rescued under the mission.
About Telangana
♦ Capital: Hyderabad
♦ Chief Minister: K. Chandrashekar Rao
♦ Governor: E.S.L. Narasimhan



US pulls out of Intermediate-Range Nuclear Forces treaty with Russia

The United States of America pulls out of Intermediate-Range Nuclear Forces treaty with Russia.This was announced by the US on 20 October 2018 .

Russia also pulls out of treaty on 2nd February 2019.

About Intermediate Range Nuclear Forces Treaty.

Intermediate Range Nuclear Forces treaty was between the United States of America and the Union of Soviet Socialist Republics on the elimination of their Intermediate-Range and Shorter-Range Missiles.

This treaty was signed on 8 December 1987 in Washington D.C. by President Ronald Reagan and General Secretary Mikhail Gorbachev.
About Russia
♦ Capital: Moscow
♦ Currency: Ruble
♦ President: Valadimir Putin


Indian Online Companies rank 11th for overseas expansion-Report by  San Francisco-based online payment processing firm Stripe

Stripe,a San Francisco-based online payment processing firm that analyses Companies that do business online released the survey for the 2019.

Stripe placed India in the 11th position for its extensive growth and overseas expansion.

In the world doing business online, Singapore and Hong kong made its lead to the top position.


Economy and Finance

2 RRBs are to be merged to form Tamil Nadu Grama Bank

Under the sponsorship of Indian Bank, two regional rural bank – Pallavan Grama Bank and Pandyan Grama Bank will be amalgamated to form a single RRB i.e. Tamil Nadu Grama Bank in Tamil Nadu. The consolidation will be effective from April 1, 2019.

This amalgamation has been conferred by Ministry of Finance under Regional Rural Banks Act 1976.

Pallavan Grama Bank is sponsored by Indian Bank and Pandyan Grama Bank is sponsored by Indian Overseas Bank.This newly integrated bank will be sponsored by Indian Bank and will have its head office located at Salem, Tamil Nadu.
About Sponsored banks-
Indian Bank
♦ Head office: Chennai, Tamil Nadu
♦ CEO: Padmaja Chundru
Indian Overseas Bank –
♦ Head office – Chennai, Tamil Nadu
♦ CEO: R. Subramaniakumar


FDI during April-September 2018-19 fell 11 per cent to $22.66 billion

According to commerce and industry ministry data  Foreign direct investment (FDI) into India has declined 11% to $22.66 billion during April-September period of the current fiscal.

Sectors that received maximum foreign investment are  services ($4.91 billion), computer software and hardware ($2.54 billion), telecommunications ($2.17 billion), trading ($2.14 billion), chemicals ($1.6 billion) and automobile industry ($ 1.59 billion).

Singapore was the largest source of FDI during April-September 2018-19 with $8.62 billion inflow  followed by Mauritius ($ 3.88 billion), the Netherlands ($2.31 billion), Japan ($1.88 billion), the US ($970 million) and UK ($845 million).



Indian squash player Ramit Tandon win Seattle Open title

Indian squash player Ramit Tandon win the fourth title of Seattle open title by defeating Mohamed El Sherbini of Egypt. Seattle Open is a PSA challenger squash Tour held in USA .

Ramit Tandon who belongs to Kolkata won by 11-4, 11-7, 2-11, 11-2 for his first PSA title.

Jacques Fountaine is president of World squash federation which is headquartered at East Sussex, England.
About USA
♦ Capital: Washington DC
♦ Currency: US Dollar
♦ President: Donald Trump



Uniphore Software Systems Secured  Prestigious Aegis Graham Bell Award 2019

9th edition of Aegis Graham Bell Award was held in Panaji Goa.

Uniphore Software Systems received the Aegis Graham Bell Award under Innovation in Data Science for its flagship product auMina.


P V Bharathi assumed charge as CEO of Corporation Bank

Former executive director of Canara Bank ,P V Bharathi assumed charge as Chief Executive Officer (CEO) of the city-based Corporation Bank.

P V Bharati surpassed Jai Kumar Garg, and became the first woman CEO of the bank.

Despite the post of executive director of Canara Bank ,she also holded the post of non-executive director of Can Fin Homes Limited and   also director board member of Canbank Venture Capital Limited. 
About corporation Bank
♦ Headquarters – Mangalore
♦ Tagline – A Premier Public Sector Bank, Prosperity for all


Former mayor Nayib Bukele won El Salvador’s presidential election   

Former mayor Nayib Bukele won El Salvador’s presidential election.

He will  succeed Salvador Sánchez Cerén ,after whom the leadership chair was vacant for a period of time

He is to assume the chair of president on June 1 ,2019.
About El Salvador
♦ Capital – San Salvador
♦ Currency -United States Dollar


Asian Development Bank (ADB)bought 14% stake in Annapurna Finance

The Asian Development Bank (ADB) bought 14% stake in micro-financier Annapurna Finance.

ADB Bank bought this stake with a motive of  attracting long -term funds from global lenders and investors.

ADB’s investment increased Annapurna Finance’s net worth by 580 crores.

ADB’s investment is considered to be the second equity investment following Oman India Joint Investment Fund (OIJIF) Rs 155-crore investment
About Asian Development Bank
♦ Headquarters: Mandaluyong, Philippines
♦ President: Takehiko Nakao
♦ Members: 67 countries


IndoStar acquired CV Finance of India Infoline Finance Limited (IIFL Finance)

IndoStar Capital Finance Ltd (IndoStar) , a non-banking finance company, to acquired CV finance business , a subsidiary of IIFL Holdings .
The IndoStar acquired CV Finance at a cost of 3949 crores.


Bedin 1- New Dwarf Spheroidal Galaxy discovered by Hubble Space Telescope

Astronomers from Italy, the UK, Germany and the United States discovered newly discovered galaxy consists  of red giant particles

This ancient galaxy is one of the oldest galaxy and was named after Luigi Bedin, a researcher at Italy’s National Institute for Astrophysics

Bedin 1 is located  28.38 million light years from Earth.



World Cancer Day -February 4 

World Cancer Day is celebrated on February 4 to create awareness about cancer and encourage its prevention,and treatment.

World Cancer Day launched a new three year  campaign with the theme “I Am and I Will.”


Thought of the Day

” If you realized how powerful your thoughts are, you would never think a negative thought.

Quiz based on Daily Current Affairs 4th February 2019

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