The Daily Brief – 2nd March 2019

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The Daily Briefs are a comprehensive update of current affairs for the day. If you’d like to receive updates for current affairs every day, you’ll need to subscribe by entering your email address at the right side of this page. The previous Briefs can be accessed at the archives here.

  1. Border Security Force (BSF) and Border Guards Bangladesh (BGB) concluded a three-day Mainamati Maitree Exercise 2019 as a part of confidence-building measures between the two border guards. The objective of the exercise was to plan and conduct anti-smuggling and anti-criminal activity related operations with an aim to achieve better joint operational efficiency and border management in the area.
  2. The Central Statistics Office has released the first advance estimates of National Income for 2018-19. Indian economy is expected to grow at 7.2 per cent in 2018-19, a tad higher from 6.7 per cent in the 2017-18, as per the report. Real GVA (Gross Value Added) is expected to grow at 7 per cent in the current fiscal as against 6.5 per cent in 2017-18.
  3. The World Bank-ILO report titled Exports to Jobs: Boosting the Gains from Trade in South Asia has been released. The report studies the effect on local employment and wages of changes in exports by combining disaggregated data from household-level or worker-level surveys with trade data from India and Sri Lanka. Increasing exports together with leading to better jobs and higher wages in India will generate more formal sector employment for youth and women.
  4. Reserve Bank of India (RBI) and Bank of Japan signed a bilateral swap agreement. The Swap agreement will provide India access to 75 billion US dollars against the 50 billion dollars under earlier BSA. As part of the agreement, the Bank of Japan (Japanese central bank) will accept rupees and give dollars to the Reserve Bank of India (RBI). Similarly, RBI will take the yen and give dollars to the Bank of Japan to stabilize each other’s currency.
  5. The Union Textiles Minister Smriti Irani launched, Scheme for development of knitting and knitwear sector under PowerTex India. The scheme envisions the creation of new service centres on public-private partnership (PPP) model by industry and association in the knitting and knitwear clusters. The outlay of the scheme is Rs. 72 crore. PowerTex India aims to boost common infrastructure and modernise the power loom sector in the country.
  6. Vice President M Venkaiah Naidu presented Kalam Innovation in Governance Award 2019 at the third edition of Dr A.P.J. Abdul Kalam Summit on Innovation and Governance organised by Kalam centre, in New Delhi. The Summit is an international conclave of policymakers, civil service officers, NGOs, media and academia who are dedicated to the task of governance and its dimensions. The first edition of the summit was conducted on 15th October 2016.

    Shanti Swarup Bhatnagar
  7. Prime Minister Narendra Modi conferred Shanti Swarup Bhatnagar Prizes for the years 2016, 2017 and 2018 in New Delhi. Eleven scientists were awarded the prize for the year 2016, ten scientists for the year 2017 and 13 scientists for 2018. Shanti Swarup Bhatnagar Prize for Science and Technology was instituted in the year 1957, in the memory of late Dr (Sir) Shanti Swarup Bhatnagar, the founder director of the Council of Scientific and Industrial Research(CSIR).
  8. The Union Human Resource Minister Prakash Javadekar launched the Scheme for Translational and Advanced Research in Science (STARS) for funding science projects on National Science Day (28th February). The scheme will be implemented at the cost of Rs 250 crores. The theme of the 2019 National Science Day was Science for people and people for science.

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Today’s Quiz

1. Mainamati Maitree Exercise 2019 is conducted among which of the following pair of countries?





2. What is the expected growth of Indian Economy in 2018-19 as per the latest estimates of Central Statistics Office?





3. With which of the following banks Reserve Bank of India (RBI) signed bilateral currency swap?





4. When was the first edition of Kalam Innovation in Governance Awards conducted?





5. What is the total budget allocated to the Scheme for development of knitting and knitwear sector under PowerTex India?





6. In which year Shanti Swarup Bhatnagar Prize for Science and Technology was instituted?





7. In whose memory National Science Day is celebrated in India on 28 February?









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