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Current Affairs 16th February 2020

1. Govt renames two institutes in honour of Sushma Swaraj
  • Pravasi Bharatiya Kendra was renamed Sushma Swaraj Bhavan.
  • Pravasi Bharatiya Kendra, a cultural centre reflecting India’s connect with its diaspora.
  • Foreign Service Institute has been renamed the Sushma Swaraj Institute of Foreign Service.
  • Current Minister of External Affairs : Subrahmanyam Jaishankar.
2. Vinay Dube appointed as GoAir CEO
  • Till now, he was serving as an advisor to the carrier,
  • GoAir Managing Director : Jeh Wadia.
3. Banks’ loans rise over 7% in two weeks to January 31: RBI report
  • Indian banks’ loans rose 7.1% in the two weeks to January 31 from a year earlier
  • Bank deposits rose Rs 1.98 trillion rupees to Rs 133.24 trillion.
  • Governor, Reserve Bank of India : Shaktikanta Das
4. Boris Johnson appoints Alok Sharma as UK’s business minister, COP26 president
  • British Prime Minister Boris Johnson
  • Sharma, 52, was also appointed as the minister in charge of the UK’s COP26 climate change summit.
  • COP26 is scheduled to be held in Glasgow, Scotland.
5. India’s wholesale inflation rises to 8-month high of 3.1% in January
  • India’s Wholesale Price Index (WPI) inflation worsened to 3.1 per cent in January from 2.59 per cent in December,
  • This is the highest inflation figure in last eight months.
  • Retail inflation calculated on the basis of Consumer Price Index ·         India’s Wholesale Price Index (WPI) inflation worsened to 3.1 per cent in January from 2.59 per cent in December,
6. Nitin Gadkari inaugurates first inter-city electric bus service
  • between Mumbai and Pune
  • The 43-seater capacity luxury electric bus,
  • manufactured by Mitra Mobility Solution, has a range of 300 kilometre on a single charge.
  • Minister for Transport, Highways and MSMEs, Nitin Gadkari.
7. LIC Housing Finance adopts Google Cloud for newly launched App with HomY Mascot
  • to host its next-generation digital mobile platform
  • which is expected to better serve the needs of home loan applicants.
  • It will reduce the lengthy paper-based loan application process.
  • MD & CEO of LIC Housing Finance : Siddhartha Mohanty
8. Common portal for health insurance claim settlements on the cards :IRDAI
  • The insurance regulator is seeking to bring all stakeholders in the health insurance space insurers,
  • The aim is to standardise the claim settlement procedure and ensure payment in a time-bound manner.
  • T L Alamelu, member (non-life), IRDAI.
9. India, Portugal sign 14 pacts after Modi, Kovind hold talks with Portuguese president
  • key areas, including aerospace,maritime, intellectual property rights, & scientific research.
  • President  Kovind received Sousa at the Rashtrapati Bhavan on his 1st state visit to India.
  • Portugal was one of the founding members of NATO & OECD.
10. Tata Mutual Fund launches Tata Multi Asset Opportunities Fund
  • Tata Mutual Fund launches ‘Tata Multi Asset Opportunities Fund’.
  • The fund will invest in exchange traded commodity derivatives.
  • The launch comes after SEBI’s nod to mutual funds to expand into commodity derivatives.
  • This is the first of its kind scheme .
  • It will cover Equity,commodity derivatives &debt asset classes
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