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Current Affairs 28th February 2020

1. ISRO to launch geo imaging satellite GISAT-1 on March 5
  • GSLV-F10 will launch geo imaging satellite, GISAT-1,
  • From Satish Dhawan Space Centre in Sriharikota.
  • Weighing about 2,275 kg,
  • GISAT-1 is a state-of-the-art agile Earth observation satellite.
  • GSLV : Geosynchronous Satellite Launch Vehicle.
2. Realme ropes in Salman Khan as brand ambassador
  • According to Counterpoint Research,
  • Realme was the world’s fastest-growing smartphone brand in 2019.
  • It ranked at the 4th spot in the Indian smartphone market.
  • Realme Headquarters : Shenzhen, China.
3. DPIIT notifies policy to allow 100% FDI in insurance intermediaries
  • The Department for Promotion of Industry and Internal Trade (DPIIT)
  • Amended the Consolidated Foreign Direct Investment Policy 2017 (FDI Policy)
  • To allow 100 per cent FDI in insurance intermediaries through the automatic route.
  • Till now, FDI up to 49% was allowed in insurance intermediaries.
4. Union FPI Minister launches Market Intelligence and Early Warning System (MIEWS) Portal for Monitoring prices of TOP Crops
  • Portal can be accessed at http://miews.nafed-india.com.
  • It is a ‘first-of-its-kind’ platform for ‘real time monitoring’ of prices of tomato, onion and potato.
  • Union Minister of Food Processing Industries (FPI) : Harsimrat Kaur Badal.
5. CCEA approves Creation of National Technical Textiles Mission
  • CCEA : Cabinet Committee on Economic Affairs.
  • Approved setting up a national technical textiles mission.
  • With a total outlay of Rs 1,480 crore.
  • The mission will have a four-year implementation period from FY 2020-21 to 2023-24.
  • Indian technical textiles segment is estimated at 16 bn. dollars
6. Government of India announces Maiden Summit on Artificial Intelligence
  • GoI announced the mega event,RAISE 2020
  • RAISE 2020 = Responsible AI for Social Empowerment 2020.
  • India’s first Artificial Intelligence summit.
  • Organized by the Govt. in partnership with Industry & Academia.
  • Ajay Prakash Sawhney, Secretary MeitY.
7. CBSE releases an app to locate the Exam Centre
  • CBSE has also launched an Online Exam Center Management System-OECMS for the Principals of the school.
  • Anita Karwal,chairperson of CBSE.
8. RBI directs banks to link all the new floating rate loans to medium enterprises with external benchmark
  • Move is aimed at further strengthening monetary policy transmission
  • So that benefits of reduction in key lending rate can be passed on to MEs.
  • Reserve Bank of India (RBI) Founded: 1 April 1935.
9. Sweden MP delegation visits the Election Commission of India
  • A ten-member delegation of MPs.
  • Members of the Committee on the Constitution in Riksdag, the Parliament of Sweden.
  • Visited the Election Commission in New Delhi.
  • The delegation was led by Ms Karin Enstrom, MP and Chair of the Committee.
  • Chief Election Commissioner : Sunil Arora
10. Cabinet approves exemption of Indian Ports Global from DPE norms
  • For speedier development of Iran’s Chabahar Port project.
  • Which India sees as a gateway to landlocked Afghanistan.
  • In 2016,India & Iran signed a pact for developing Chabahar port.
11. Maria Sharapova announces retirement from tennis
  • Russian Maria Sharapova is a Five-time Grand Slam winner.
  • the world’s most recognisable sportswomen,
  • Announced her retirement at the age of 32.
  • She is the third-youngest player to claim Wimbledon trophy.
12. Sahitya Akademi Award for translation goes to K.V. Jeyasri
  • K.V. Jeyasri, a Tamil teacher from Tiruvannamalai, has won the Sahitya Akademi Award 2019
  • For her translation of the Malayalam novel Nilam Poothu Malarnna Naal (The day the land bloomed and blossomed) into Tamil as Nilam Poothu Malarntha Naal.
  • The award includes a cash prize of ₹50,000 and a copper plaque.
13. Kazuhisa Hashimoto, Creator Of Famous ‘Konami Code’ Gaming Cheat, Dies
  • He created the code when he was in charge of taking the arcade version of the spacecraft shooting game Gradius.
  • The code famously gave players 30 lives in the game Contra.
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