CURRENT AFFAIRS FEBRUARY 2020 02-02 TO 08-02 2020 - WITH SYNOPSIS Important Current Affairs for IAS, SSC, Bank, RRB and Other Government Exams ...
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CURRENT AFFAIRS
FEBRUARY 2020
02-02 TO 08-02 2020
Important Current Affairs for IAS, SSC, Bank, RRB and Other
Government Exams
WITH SYNOPSIS
www.exambazaar.com/current-affairs
Current Affairs Digest Feb 2020
https://www.exambazaar.com/current-affairs
APPOINTMENTS AND RESIGNATIONS
04 Feb Realty ace Sandeep Mathrani is WeWork CEO
04 Feb Anil Ambani's sons quit Reliance Infra board in less than six months
06 Feb CEO of Microsoft's LinkedIn business is being replaced Ryan Roslansky.
06 Feb World Bank chief economist Pinelopi Koujianou resigns
07 Feb In political triumph, Trump acquitted of all impeachment charges
07 Feb Cognizant's D'Souza signs off, Bali to join as independent director
08 Feb Philip Barton appointed Britain's new High Commissioner to India
08 Feb Credit Suisse CEO Thiam resigns following uproar over a spying scandal
AWARDS AND RECOGNITIONS
02 Feb Sports Kenin beats Muguruza to win Australian Open women's title
03 Feb Sports Australian Open | Rajeev Ram, Joe Salisbury clinch men's doubles title
03 Feb Sports National table tennis championship | Harmeet Desai tames Manav Thakkar for maiden title
04 Feb People RBI Chief Das is Central Banker of the Year
05 Feb Sports Mirabai betters her own national record, lifts 203kg to win gold in Nationals
06 Feb Sports National Weightlifting Championships: Rakhi Halder wins 64kg gold
07 Feb Sports Pardeep betters own record to clinch 102 kg gold at nationals
08 Feb Sports Divyansh, Saurabh win gold in the InterShoot international competition
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1. National
GOVERNMENT POLICIES & SCHEMES
02 Feb For every rupee in government kitty, 64 paise come from taxes
According to the Union Budget 2020-21, goods and services tax collections will contribute 18 paise in
every rupee revenue.
POINTS TO NOTE
Corporation tax will contribute 18 paise to each rupee earned.
The collection from borrowings and other liabilities will be 20 paise, while income tax will yield 17 paise to every rupee
collection.
The government intends to earn 10 paise from non-tax revenue like disinvestment, 7 paise from Union excise duty, 4
paise from customs duty and 6 paise from non-debt capital receipts out of every rupee collection.
On the expenditure side, the biggest outlay component is the states' share of taxes and duties at 20 paise, followed by
interest payment at 18 paise.
Expenditure on central sector schemes will be 13 paise, while the allocation for centrally-sponsored schemes will be 9
paise.
02 Feb Budget 2020 | Finance Minister proposes ‘taxpayer’s charter’ to boost trust
The charter, which would enumerate taxpayer’s rights, would be incorporated in the Income Tax Act
through suitable amendments.
POINTS TO NOTE
The charter, which would enumerate taxpayer’s rights, would be incorporated in the Income Tax Act through suitable
amendments.
A provision for e-appeal has also been included as part of the drive to impart greater efficiency, transparency and
accountability to the assessment process.
With the aim of doing away with human interface from the system, the e-appeal scheme, on the lines of e-assessment
scheme, would help in “eliminating the interface between the Commissioner (Appeals) and the appellant in the course
of appellate proceedings to the extent technologically feasible.
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05 Feb 'Vivad se Vishwas' scheme offers fair deal to settle past direct tax disputes: CBDT chief
In case it is just the interest and the penalty which is in dispute, the taxpayer will have to pay 25 per
cent of the disputed amount till March 31, and subsequently, it will be 30 per cent.
POINTS TO NOTE
Central Board of Direct Taxes (CBDT) Chairman P C Mody on Tuesday said the direct tax dispute resolution scheme
offers a fair deal to settle pending tax disputes as he urged people to come forward and avail the plan.
In the "Vivad se Vishwas' scheme taxpayers whose tax demands are locked in dispute in multiple forums can pay due
to taxes by March 31, 2020, and get a complete waiver of interest and penalty.
If a taxpayer is not able to pay within the March 31 deadline, he gets a further time till June 30, but in that cas,e he
would have to pay 10 per cent more on the tax.
COMMITTEES & MEETS
06 Feb DCGI approves restricted use of anti-HIV drugs for novel coronavirus
Apex health research body Indian Council of Medical Research (ICMR) had sought an emergency
approval from the DCGI for the usage of two medicines.
POINTS TO NOTE
Indian Council of Medical Research (ICMR) had sought an emergency approval from the DCGI for the “restricted use” of
the combination of two medications — lopinavir and Ritonavir
India has reported three confirmed cases of nCoV so far from Kerala.
A Group of Ministers (GoM) has been formed to review, monitor and evaluate the preparedness to contain the deadly
nCoV infection in the country.
DCGI stands for Drug Controller General Of India
OTHERS
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04 Feb India evacuates Maldivians, Bangladesh citizens from Wuhan as part of neighbourhood first policy
China not only took four days to allow permission for evacuation but also reportedly expressed
displeasure over the advisory India issued this asking its citizens to refrain from travelling to China in
view of the novel coronavirus outbreak.
POINTS TO NOTE
Foreign Minister of Maldives, Abdulla Shahid expressed gratitude to Prime Minister Modi and External Affairs Minister
Dr S Jaishankar for rescuing Maldivians from Coronavirus hit Wuhan province of China.
A total of 647 Indian citizens including 282 students have been evacuated by special Air India flight from Wuhan.
Total of 7 Maldives Citizens have been evacuated from China by the Indian forces.
Corona Virus outbursted in Wuhan province of China and till then 350 have died due to it.
04 Feb Kolam contest enters Asia Book of Records
A 'kolam' drawing contest in Coimbatore, Tamil Nadu has made it into the Asia Book of Records.
Hundreds of students created 510 unique 'kolams', the traditional art of designs done with powder.
POINTS TO NOTE
The record was set by the Avinashilingam Institute for Home Science and Higher Education for Women.
The event was organised by The Hindu Group and Tata Tea Chakra Gold
The designs for the kolams were chosen by the university from 1,302 submissions.
10 designs selected in The Hindu's kolam contest were also recreated by the students.
05 Feb Ministry of Culture developed three Virtual Experiential Museums
These museums are Man Mahal at Varanasi, Ajanta Caves at National Musuem, Delhi and Humayun
Tomb in Delhi.
POINTS TO NOTE
As of 2016 Ministry of Culture was given the task to develop at least 50 Virtual Museum.
Ministry of Culture also proposes to set up a National Virtual Experiential Site Museum at Vadnagar, Gujarat.
Ministry of Tourism under its schemes of ‘Swadesh Darshan’ and ‘Development of Iconic sites’, has developed tourism
infrastructure at various heritage destinations.
The primary objective is to develop the identified destinations as benchmark tourist destinations in terms of
comprehensive development of infrastructure & services.
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2. International
OTHERS
02 Feb Budget 2020: Non-taxpaying NRIs to be taxed in India, says FM
The Union Budget 2020 has now proposed to introduce a deeming provision that every Indian citizen
who is not liable to tax in any other country, by virtue of his domicile or residence, shall be deemed as
a resident of India. Consequently, his global income would be taxable in India.
POINTS TO NOTE
At present, if an Indian or a person of Indian origin managed his stay in India such that he remained a non-resident in
perpetuity, he was not liable to pay tax on his global income in India.
Tightening the residency provisions, the Budget also proposed to reduce the period of stay in India to 120 days from
182 days earlier for persons of Indian origin (PIOs) to be categorised as non-resident Indians (NRIs).
The Budget also proposes to rework the definition of "not ordinarily resident" in India, if the individual has been a
non-resident in India in 7 out of 10 previous years preceding that year. Earlier for an individual to be considered "not
ordinarily resident", he/she had to be a non-resident in India in 9 out of 10 years.
The new provision will adversely impact High Networth Individuals using the domicile mechanism to evade tax
globally.
03 Feb Somalia declares massive locust infestation a national emergency
The locust swarms are the result of extreme weather swings, and Somalia's declaration the first
country in the region to do so is aimed at boosting national efforts in tackling the hungry insects.
POINTS TO NOTE
The Food and Agriculture Organization (FAO) has termed the locust emergency of Somalia as “worst situation in 25
years” in the Horn of Africa.
The emergency declaration was made to focus efforts and raise funds because it was critical to contain the locust
swarms before harvests are due in April.
According to the Regional Food Security and Nutrition Working Group, East Africa is already experiencing a high
degree of food insecurity, with over 19 million people facing acute hunger.
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06 Feb India slips to 40th position on International Intellectual Property Index
India slipped to 40th position on the International Intellectual Property (IP) Index, which analyses the
IP climate in 53 global economies, this year, according to a report of US Chamber of Commerce's
Global Innovation Policy Center.
POINTS TO NOTE
India was ranked at 36th position out of 50 countries in 2019
The US topped this Intellectual Property Index
The result is calculated out of 53 leading Economies of the World.
The US Chamber of Commerce's Global Innovation Policy Center.is headquartered at Washington DC
07 Feb In political triumph, Trump acquitted of all impeachment charges
He was impeached by the House for conditioning $391 million in military assistance to Ukraine and a
crucial White House meeting with its president Volodymyr Zelensky.
POINTS TO NOTE
President Donald Trump was impeached on two articles of impeachment abuse of power and obstruction to Congress
Opposition Democratic party accused the Republican-dominated Senate of ignoring the facts, the will of the American
people and their duty to the Constitution.
08 Feb Chinese whistleblowing doctor dies of coronavirus
Li Wenliang, an ophthalmologist at a hospital in Wuhan, the city at the epicentre of the outbreak, was
one of eight people reprimanded by Wuhan police last month for spreading “illegal and false”
information about the coronavirus.
POINTS TO NOTE
He was the whistleblower of the virus way back in December last year when it first emerged in Wuhan, the provincial
capital of China's central Hubei province.
Overall 564 people have died in China due to the virus and 28,018 confirmed cases have been reported from 31
provincial-level regions, the National Health Commission
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3. Regional and State
GOVERNMENT POLICIES & SCHEMES
07 Feb Jagan launches website, Rythu Bharosa logo
The website acts as a platform to buy seeds through the Rythu Bharosa centres.
POINTS TO NOTE
Mr Jagan Mohan Reddy asked the officials to display the list of minimum support price (MSP) for each crop at
procurement centres and also at village secretariats.
He asked the Agriculture Department to own the Rythu Bharosa centres.
He also suggested that the Marketing Department has to focus its attention on godowns and cold storages,
08 Feb Haryana launches Rs 1500 crore Mukhyamantri Parivartan Yojna
Annual financial assistance of Rs 6000 will be provided to those families in the State whose annual
income is upto Rs 1.80 lakh and land holding is less than 5 acres so that premium of various welfare
schemes of the Central Government, pension scheme and crop insurance could be paid
automatically from the bank accounts of the needy families.
POINTS TO NOTE
The financial assistance of 6000 will be provided under 3 equal instalments of 2000 each.
This will benefit the BPL families of the Haryana state.
The transfer of the assistance will be done through DBT system
The premium of various welfare schemes of the government which are being given to the beneficiaries family out of
the financial assistance of Rs 6000 included Pradhanmantri Jeevan Jyoti Bima Yojna, Pradhanmantri Jeevan Suraksha
Bima Yojna, Pradhan Mantri Kisan Mandhan Yojna, Pradhanmantri Shram Yogi Mandhan Yojna and Pradhanmantri
Laghu Vyapari Mandhan Yojna and Pradhanmantri Fasal Bima Yojna.
OTHERS
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04 Feb Kerala declares coronavirus outbreak as state disaster
Currently, two other patients- both medical students at a university in Wuhan- are being treated in
isolation wards at the Thrissur and Alappuzha Medical Colleges respectively. Both the students had
travelled together to Kochi from Wuhan.
POINTS TO NOTE
There were 2239 people in Kerala who are under medical surveillance, both at home and in hospitals.
The World Health Organisation (WHO) had declared a global emergency on January 31 on concerns that it might
spread to other countries.
Novel coronavirus (nCoV) is a large family of viruses that causes illnesses ranging from the common cold to acute
respiratory syndromes.
The novel coronavirus started in Hubei province of China and has since spread to several countries.
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4. Business and Economy
GOVERNMENT POLICIES & SCHEMES
02 Feb Budget 2020: Sitharaman proposes National Technical Textile Mission at Rs 1,480-crore outlay
The government plans to set up project preparation facilities for infrastructure sector and a national
logistic policy will come up soon.
POINTS TO NOTE
Digital refund of duties and taxes of centre, states and local bodies to exporters will be allowed from this year.
Sitharaman noted that a Rs 103 lakh crore infra project pipeline has been launched in December.
Delhi-Mumbai Expressway will be completed by 2023 and Chennai-Bengaluru Expressway will be launched, the
minister added.
02 Feb Budget 2020 | ₹8,000 crore outlay for national mission on quantum technology
It is expected that a lot of commercial applications would emerge from theoretical constructs which
are developing in this area.
POINTS TO NOTE
Quantum technology is opening up new frontiers in computing, communications, cyber security with with spread
applications. It is expected that a lot of commercial applications would emerge from theoretical constructs which are
developing in this area.
The Ministry of Electronics and IT has signed an agreement with Israel for joint research in 27 possible areas which
includes quantum computing as one of the potential segments.
02 Feb Budget 2020 | 100 more airports to be developed by 2025
Finance Minister Nirmala Sitharaman on Saturday said 100 more airports will be developed by 2025
to support the UDAN scheme.
POINTS TO NOTE
150 trains will run under the public private partnership (PPP) mode, also four stations will be redeveloped with the
help of the private sector. Besides, the Minister promised more Tejas type trains to connect tourist destinations.
A proposal for setting up large solar power capacity alongside rail track is under consideration.
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02 Feb Increase in investment limit of FPIs in corporate bonds from 9 per cent to 15 per cent
She also proposed debt-exchange traded funds comprising mainly government securities, while
stating that Rs 22,000 crore has already provided as support to infrastructure project pipeline.
POINTS TO NOTE
To address liquidity constraints of NBFCs and housing finance corporations, partial credit guarantee scheme will be
launched by the government. A scheme will be introduced to provide subordinate debt for entrepreneurs of MSMEs.
The government has asked the RBI to extend debt restructuring window for MSME by a year to March 31, 2021.
A National Recruitment Agency will be set up for conducting common online eligibility tests for recruitment to non-
gazetted posts.
02 Feb International bullion exchange to be set up at IFSC in GIFT City: Finance Minister
This will enable India to enhance its position worldwide, create jobs, and will lead to better price
discovery of gold.
POINTS TO NOTE
The country's only International Financial Services Centre (IFSC) is in GIFT City near Ahmedabad in Gujarat.
IFSC has the potential to become a centre of international finance and high end data processing, the minister added. It
has 19 insurance entities and 40 banking entities. IFSC has also provided for setting up of precious metals testing
laboratories and refining facilities.
This announcement is in line with Prime Minister Narendra Modi's vision that GIFT City would become a price setter in
some of the world's largest traded instruments in the next 10 years.
V Balasubramaniam, MD and CEO of India International Exchange said they are keen to set up the international
bullion exchange at GIFT IFSC.
02 Feb Budget 2020: LIC to go public
Government plans to sell a part of its stake in the entity through an initial public offering (IPO) and
raise funds.
POINTS TO NOTE
Listing of companies on stock exchanges discipline a company and provides access to financial markets and unlocks
its value. It also gives (an) opportunity for retail investors to participate in the wealth so created.
The government owns 100% stake in LIC, which was set up in 1956 and remains the country’s largest state-run insurer.
LIC increased its share of the first-year premium income in the first nine months of this fiscal, rising to 70.52% from
66.24% recorded in 2018-19.
The latest development comes close on the heels of the Union government’s announcement Monday to invite bids for
100% stake sale of national carrier Air India.
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02 Feb No more double taxation on dividends
Centre removes 15% tax plus applicable surcharge and cess on dividends, currently paid by
companies.
POINTS TO NOTE
This would come as a relief for companies and capital market participants who have been lobbying hard for the
removal of DDT at the company level, which, they felt led to double taxation as such payouts are also taxed at the
investor level.
Currently, companies are required to pay 15% tax plus applicable surcharge and cess on the dividends.
02 Feb Budget 2020: Centre kicks off immunity scheme to settle income tax disputes
Under the proposed scheme, one is required to pay only the amount of the disputed tax on doing so,
you get complete waiver of interest and penalty, provided the payment is by March 31.
POINTS TO NOTE
For a disputed penalty, where interest and fee are not connected with the disputed tax, one is required to pay only 25
per cent of this total for settling the dispute.
If paying after March 31, one shall be required to pay 110 per cent of the disputed tax (the excess 10 per cent shall be
limited to the amount of related penalty and interest, if any) and 30 per cent of penalty, interest and fee.
This scheme is a replica of the Sabka Vishwas (Legacy Dispute Regulation) Scheme, 2019 (SVLDRS) for indirect tax
litigation. The hope is that this would unlock revenue blocked in long-drawn litigation at various forums.
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05 Feb Govt ready with e-bidding platform for disinvestment
With strategic sale of several public sector companies, including Air India and oil marketing company
BPCL entering critical phase, the platform will also help address concerns of government
officials, who have been wary of action in the future, in case some issues come up in the future.
POINTS TO NOTE
The platform is designed by MSTC which will enable the state-run companies to file their bid and secure it with
encryption.
The platform is been recommended by the chief of an external monitoring group, R C Lahoti
The LIC and IDBI will also see some kind of disinvestment following an announcement in the Budget 2020 by Finance
Minister Sitharaman.
05 Feb ‘10% TDS only on MF dividends’
Under the proposed section, a mutual fund shall be required to deduct TDS @ 10% only on dividend
payment and no tax shall be required to be deducted by the mutual fund on income which is in the
nature of capital gains.
POINTS TO NOTE
It is clear that the 10% TDS would only be levied when dividend income exceeded ₹5,000 in a financial year.
The Central Board of Direct Taxes (CBDT) issued a clarification, after the concerns whether the 10% TDS would be
applicable only on the dividend or whether any capital gains arising at the time of redemption would be taxed.
The government has clarified that mutual fund houses must deduct 10% tax at source (TDS) on dividends.
MOU'S / AGREEMENTS
07 Feb Kalyani Group, Bulgaria's Arsenal sign MoU to manufacture small arms
KSSL is the defence arm of Pune-based Kalyani group and Arsenal is a joint stock company from
Bulgaria.
POINTS TO NOTE
Kalyani Group and Bulgarian company Arsenal signed an MoU on Thursday to manufacture small arms and
ammunition in India.
Kalyanii Strategic Systems Limited (KSSL) and Arsenal will be aggressively developing a manufacturing capability in
India for the 'AR' 7.62 x 39mm assault rifle and the 'MG' 7.62 x 51mm machine gun series
The "strategic" alliance is also actively participating in the projects for meeting the Army's requirement of certain types
of ammunition over a "10-year program
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OTHERS
07 Feb Emami inks pact with Nirma group arm to sell cement biz for Rs 5,500 crore
The deal will reduce Emani rsquo;s debt significantly and will bring down pledged shareholding to 32
per cent compared with 72 per cent before the transaction.
POINTS TO NOTE
Kolkata-based diversified conglomerate Emami Group has agreed to sell its cement unit to Nuvoco Vistas Corporation
Ltd a subsidiary of Nirma Group.
The total value of the transaction is Rs. 5,500 crore
The transaction is subject to approval from the Competition Commission and is expected to be completed in the next
3-4 months,
The acquisition will bring Nuvoco's total cement capacity in Eastern, Northern and Western India to 23.5 million
tonnes and over 60 ready-mix plants
07 Feb Wipro wins multi-year strategic deal from automotive tech supplier Marelli
This partnership will help Marelli to standardize, simplify and further enhance their IT services at a
global level and consolidate several current vendors across applications management services and
workplace end user services.
POINTS TO NOTE
The Bengaluru-headquartered software services exporter will help Marelli to “standardize, simplify and further enhance their
IT services at the global level.
07 Feb Cognizant's D'Souza signs off, Bali to join as independent director
The other founder, Kumar Mahadeva, who served as the CEO for the first five years, retired from the
board in 2003.
POINTS TO NOTE
D’Souza was the last of the three Indian and Indian origin co-founders of Cognizant.
The Teaneck, New Jersey-based IT services firm also announced the appointment of Vinita Bali to its board as a new
independent director.
Cognizant said it posted a net profit of $395 million for the fourth quarter ended 31 December, down 39% from $648
million in the year-ago quarter.
In 2020, Cognizant will double its investment in Cognizant Academy and plans to hire or re-skill around 25,000
resources.
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5. Banking Awareness
OTHERS
07 Feb YES Bank picks IDFC Securities, Cantor Fitzgerald, Ambit to raise $2 bn
It’s trying to shore up a core equity capital ratio that’s barely above a regulatory minimum of 8 per
cent.
POINTS TO NOTE
The bank, staggering under the weight of soured loans, has been plagued by worries about its asset quality and uncertainty
about efforts to raise new capital.
Yes Bank, led by Chief Executive Officer Ravneet Gill, has lost more than 80 per cent of its market value in the past year on
concerns about its ability to raise funds.
08 Feb RBI to conduct long-term repo operations for Rs 50,000 crore
The operations date is announced a day after the RBI’s monetary policy wherein it said long-term
repos aggregating up to Rs 1 lakh crore will be conducted in tranches from mid-February to ease
liquidity in the system.
POINTS TO NOTE
The RBI move is aimed at providing cheaper money to banks at the repo rate and, thus, improve liquidity in the
banking system.
The Reserve Bank of India (RBI) will begin the first tranche of its long-term repo operations on February 17 with three-
year repo of Rs 25,000 crore, followed by another on February 24 for an equal amount.
The repo operations are of short-term, usually of overnight, wherein banks can borrow money from the RBI at the
prevailing repo rate.
The minimum bid amount would be Rs 1 crore and multiples thereof. There will be no restriction on the maximum
amount of bidding by individual bidders.
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6. Science, Technology and Environment
OTHERS
08 Feb NASA astronaut Christina Koch returns to Earth after record mission
American astronaut Christina Koch, who led the first all-female spacewalk in 2019, landed in
Kazakhstan after a record stay on the International Space Station, ending a 328-day mission
expected to yield new insights into deep-space travel.
POINTS TO NOTE
She was also part of the first all-female spacewalk with fellow NASA astronaut Jessica Meir.
Christina Koch earned the new world record for the longest single spaceflight in zero gravity by a woman earlier on
December 28th, where she eclipsed the record held by fellow NASA astronaut Peggy Whitson who spent 288 days in
space from 2016-2017.
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7. Defence
06 Feb PM Modi to inaugurate Defence Expo 2020 in Lucknow
At the event, Hindustan Aeronautics Limited (HAL) will display models of Light Combat Aircraft (LCA)
Tejas, Light Combat Helicopter (LCH), Advanced Light Helicopter (ALH), Do-228 and Hawk at its
indoor stall.
POINTS TO NOTE
The event promises to bring in new technologies and technological solutions.
The main theme of this year's event is 'India: The Emerging Defence Manufacturing Hub' and the focus will be on
'Digital Transformation of Defence'.
Defence manufacturing companies from India and abroad will showcase their products and services in the defence
arena on a single platform.
08 Feb Lockheed Martin inks pact with BEL to explore opportunities in F-21 fighter jet programme
Lockheed Martin has exclusively offered its F-21 military aircraft to India, with an eye to bag the
Indian Air Force's USD 18 billion dollar deal to procure 114 jets.
POINTS TO NOTE
The F-21 will truly be a game-changer for the Indian Air Force, Indian industry and India-US strategic ties.
The F-21 has unique capabilities including, an advanced APG-83 Active Electronically Scanned Array (AESA)
radar, which has detection ranges nearly double that of previous mechanically scanned array radars
It has the ability to track and attack more targets with higher precision; an Advanced Electronic Warfare (EW) System,
developed uniquely for India,
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08 Feb JJV and BDL sign MoU to explore co-production of Javelin anti-tank missile system
Javelin is an anti-tank guided missile system that can be carried and launched by a single person.
POINTS TO NOTE
Javelin Joint Venture (JJV), a partnership of two US-based defence majors Raytheon and Lockheed Martin, has signed
an MoU with Indian PSU Bharat Dynamics Limited (BDL) to explore co-production of Javelin anti-tank guided missile
system.
The agreement was signed between JJV and BDL at DefExpo, India's biennial defence exhibition held at Lucknow.
The possibility of manufacturing Javelin in India emerged after this agreement.
Javelin's optimized trajectory, automated guidance and high penetration capability provides "unparalleled"
performance against heavy and light armour, as well as “soft” and "irregular" targets in all weather conditions and
geographic regions.
08 Feb Larsen and Toubro sign MoU with ideaForge to offer UAVs for defence usage
These two companies will also offer anti-drone solutions to counter the threat of "malicious or
unintended" usage of drones.
POINTS TO NOTE
Construction and defence major Larsen and Toubro (L&T) signed a memorandum of understanding with drone
company ideaForge here on Friday to offer unmanned aerial vehicles (UAVs) for defence usage.
These two companies will also offer anti-drone solutions to counter the threat of "malicious or unintended" usage of
drones.
Both the companies will combine their strengths to offer hi-tech, integrated drone solutions to enhance security and
surveillance.
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8. Sports
02 Feb Kenin beats Muguruza to win Australian Open women's title
It was the final surprise in a tournament of upsets, where Williams went out in the third round and
Kenin upset Australia’s world number one Ashleigh Barty in the semi-finals.
POINTS TO NOTE
At 21 years and 80 days, Kenin is 22 days younger than Japan’s Naomi Osaka when she won the title last year. She is
the youngest champion since Maria Sharapova won aged 20 in 2008.
She has a career-high Women's Tennis Association (WTA) ranking of No. 7 in the world.
Kenin was named the WTA Most Improved Player of the Year in 2019, making her the first American to win the award
also since Serena Williams in 1999. Kenin has won four WTA singles titles in total. She has also won two WTA doubles
titles, including the 2019 China Open at the Premier Mandatory level with Bethanie Mattek-Sands.
03 Feb Australian Open | Rajeev Ram, Joe Salisbury clinch men's doubles title
They beat the pairing of Max Purcell and Luke Saville in straight sets and won the Australian Open
men's doubles final
POINTS TO NOTE
They tamed the local wild card pairing of Max Purcell and Luke Saville in straight sets to win 6-4 6-2
03 Feb Australian Open | Djokovic beats Thiem to win record-extending eighth title
With this Australian Open win, Novak Djokovic won his 17th Grand Slam title.
POINTS TO NOTE
Djokovic, Nadal and Roger Federer have now won 13 Grand Slam titles in succession, dating back to Federer's 2017
win at Melbourne Park.
Thiem, seen as one of the greatest hopes to end the Big Three domination, was consigned to his third defeat in a
major final following losses in the last two French Open deciders to Nadal.
Djokovic has won 17 Grand Slam singles titles, the third-most in history for a male player, five ATP Finals titles, 34 ATP
Tour Masters 1000 titles, 13 ATP Tour 500 titles, and has held the No. 1 spot in the ATP rankings for over 275 weeks.
In majors, he has won a record eight Australian Open titles, five Wimbledon titles, three US Open titles, and one
French Open title.
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03 Feb National table tennis championship | Harmeet Desai tames Manav Thakkar for maiden title
Sutirtha, champion in 2018, regained the crown by stopping last year’s finalist Krittwika in quick time.
POINTS TO NOTE
Sutirtha Mukherjee walked away with her second women singles title by brushing Krittwika Sinha Roy
Jubin Kumar won his fifth men’s doubles title after partnering Soumyajit Ghosh.
Women's finals Sutirtha Mukherjee beat Krittwika Sinha Roy
Men double final: Jubin Kumar and Soumyajit Ghosh beat Manush Shah and Ishaan Hingorani
Women double final Sutritha Mukherjee and Riti Shankar beat Surbhi Patwari and Poymantee Baisya
Mixed doubles (final) Ronit Bhanja and Mousumi Paul beat Sutirtha Mukherjee and Sourav Saha
05 Feb Mirabai betters her own national record, lifts 203kg to win gold in Nationals
She was awarded Rajiv Gandhi Khel Ratna awards by the Government for year 2018.
POINTS TO NOTE
She was awarded the Padma Shri by the Government for her contributions to the sport.
Chanu had won the silver medal in the women's 48 kg weight class at the 2014 Commonwealth Games, Glasgow.
Her biggest achievement came in 2017, when she won the gold medal at World Weightlifting Championships held in
Anaheim, United States.
06 Feb National Weightlifting Championships: Rakhi Halder wins 64kg gold
Ranked 19th in the Olympic qualifiers list, Rakhi lifted 93 kg in snatch and 117 kg in clean and jerk to
win the gold medal with total of 210kg.
POINTS TO NOTE
Rakhi Halder clinched the 64kg category title in the 72nd Men’s and 35th Senior Women's’ National Weightlifting
Championships at the Khudiram Anushilan Kendra.
She is already qualified for the Tokyo Olympics 2020
She hails from West Bengal, India
She bagged Bronze medal at the Qatar International Cup 2019.
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07 Feb Pardeep betters own record to clinch 102 kg gold at nationals
Commonwealth Games silver medallist Pardeep broke the first record as he lifted 151 kg in his third
attempt to bag the gold with a total of 346 kg.
POINTS TO NOTE
His personal best in all the categories is 351 kg (150 kg in snatch and 201 in clean and jerk) as he won bronze in clean and jerk
at the Olympic qualifying Asian Championship in China in 2019.
Pardeep Singh bettered his snatch record in the men’s 102 kg at the 72nd Men’s and 35th Senior National Weightlifting
Championships at the Khudiram Anushilan Kendra
08 Feb Divyansh, Saurabh win gold in the InterShoot international competition
Divyansh won the final with a 1.2 point margin over Alexis Raynaud of France, while compatriot Pratik
Borse climbed to the third spot.
POINTS TO NOTE
Saurabh Chaudhary, who had won six gold medals in the World Cups last season including two individual medals, was a class
act yet again, winning the air pistol event with a total of 243.3. He outclassed Tiago Carapinha of Portugal by seven points.
Winners- 10m Air pistol- Saurabh Chaudhary, 10m Air rifle- Divyansh Singh Pawar, Junior men-Shahu Tushar mane
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9. People
APPOINTMENTS AND RESIGNATIONS
04 Feb Realty ace Sandeep Mathrani is WeWork CEO
Mathrani, an Indian-American, joins from US-based real estate management company Brookfield
Properties, where he was the CEO of its retail division.
POINTS TO NOTE
He will take up as CEO from 18th February 2020
He’ll report to Marcelo Claure, the executive chairman at WeWork and operating chief at SoftBank Group Corp.
Under Mathrani, WeWork will refocus on office rentals and walk away from passion projects started by Neumann
Sandeep Mathrani will replace Artie Minson and Sebastian Gunningham
WeWork was launched in 2010 by Adam Neumann, Miguel McKelvey, and Rebekah Neumann.
04 Feb Anil Ambani's sons quit Reliance Infra board in less than six months
The statement mentioned the date of cessation as 31st January, and did not share reasons for
resignation. The company did not share any details on any new role that the two brothers will
assume.
POINTS TO NOTE
The Ambani brothers joined the board in October 2019.
Anmol Ambani has been overseeing the financial services businesses since he joined the board
Anshul Ambani has been actively involved in all operations of Reliance Infrastructure, including a special focus on the
defence business.
The report of the resignation has been sent to the Bombay Stock Exchange.
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06 Feb CEO of Microsoft's LinkedIn business is being replaced Ryan Roslansky.
Former CEO Jeff Weiner will become executive chairman after 11 years as LinkedIn's CEO. Ryan
Roslansky, senior vice president of product, will become CEO as of June 1.
POINTS TO NOTE
Jeff Weiner will step down as CEO and will take up the role of Executive Chairman.
He will report directly to the Microsoft CEO Satya Nadella as per the latest announcements
Ryan Roslansky will join as CEO from June 1 2020
Linkedin is an employment-oriented service that operated via website
06 Feb World Bank chief economist Pinelopi Koujianou resigns
World Bank President David Malpass said research director Aart Kraay would take over for Goldberg
until a new permanent chief economist is hired.
POINTS TO NOTE
Aart Kraay to be the interim Chief Economist of World Bank.
Goldberg, a professor of YaleUniversity has returned to her old Profession.
She called her term with the World Bank a rewarding phase of her career.
08 Feb Philip Barton appointed Britain's new High Commissioner to India
Barton was the Director General, Consular and Security at the Foreign and Commonwealth Office
until now.
POINTS TO NOTE
Barton will assume office during the Spring 2020.
He will succeed Dominic Asquith
Barton was the acting chairman of the Joint Intelligence Committee. Before that, he was on secondment to the
International Institute for Strategic Studies as a Consulting Senior Fellow focusing on South Asian issues.
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08 Feb Credit Suisse CEO Thiam resigns following uproar over a spying scandal
The Zurich-based bank said he would be replaced by Thomas Gottstein, the head of the bank's Swiss
business.
POINTS TO NOTE
The Zurich-based bank said he would be replaced by Thomas Gottstein, the head of the bank's Swiss business.
Tidjane Thiam has quit as Credit Suisse chief executive after a spying scandal that has hit the reputation of one of
Europe's largest banks.
AWARDS AND RECOGNITIONS
04 Feb RBI Chief Das is Central Banker of the Year
Currently serving as the 25th governor of the Reserve Bank of India (RBI), Shaktikanta Das was
earlier a member of the Fifteenth Finance Commission and India's Sherpa to the G20.
POINTS TO NOTE
RBI Governor Shaktikanta Das has been chosen as the Central Banker of the Year for the Asia Pacific Region by The
Banker magazine.
Mr. Das has taken steps to bring banking in India up to standard via a restrained approach to governance
Shaktikanta Das tried to resolve banking issues within the financial system.
The threat from newer micro-finance institutions looms, Das moved to help the country’s urban co-operative banks
install a robust IT system that will allow them to offer banking services
OTHERS
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04 Feb BBC Indian Sportswoman of the Year: Sindhu, Mary Kom among nominees
The other three nominees are, Vinesh Phogat (wrestling), Dutee Chand (athletics) and Manasi Joshi
(para-badminton).
POINTS TO NOTE
Shutter P. V. Sindhu and boxer Mary Kom are among the five nominees for the inaugural BBC Indian Sportswoman of
the Year award to be presented here on March 8.
The winner will be decided following online voting.
BBC stands for British Broadcasting Corporation.
08 Feb US kills top al-Qaeda leader Qasim al-Rimi in Yemen
Rimi, a deputy to al-Qaeda leader Ayman al-Zawahiri, was placed on the United States' most-wanted
terrorist list after taking over al-Qaeda's Yemen affiliate in 2015.
POINTS TO NOTE
US President Donald Trump has confirmed that in a major counterterrorism operation in Yemen the US forces have
killed Qasim al-Rimi.
He was the founder and leader of al-Qaeda in the Arabian Peninsula, the jihadist group that claimed responsibility for
a mass shooting at a US naval base.
The AQAP has long been considered al-Qaeda's most dangerous branch for its attempts to carry out attacks on the US
mainland.
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