Current Affairs Current Affairs February 2019

 In Tennis, France’s Corentin Moutet has clinched the Chennai Open ATP Challenger tournament title after beating Andrew Harris of Australia in the singles final. It was the second Challenger title for Moutet, who received 80 ATP points, while Andrew got 48 ATP points.
Source- DD News

  The 5-day multinational maritime exercise ‘AMAN-19’ in which 46 nations participated from all over the world was formally commenced at Pakistan Navy Dockyard, with a colorful flag hoisting ceremony. Principal aim to conduct this exercise is to facilitate a forum of understanding of each other’s maritime concepts and operation cultures and to produce ways and means to confront common threat at sea.
Source: Business Standard

  Abu Dhabi has decided to include Hindi as the third official language used in its courts, alongside Arabic and English, as part of a move designed to improve access to justice. The Abu Dhabi Judicial Department (ADJD) announced that it has extended the adoption of interactive forms of statement of claims filed before courts by including Hindi. The move will help the Hindi speakers to learn about litigation procedures, their rights and duties without a language barrier.
Source- AIR World Service

 INS Trikand, the frontline warship of the Indian Navy, participated in a multi-national training exercise ‘CUTCLASS EXPRESS 2019’. The annual Exercise Cutlass Express is sponsored by U.S. Africa Command (USAFRICOM) and conducted by Naval Forces Africa (NAVAF). It is the eighth iteration of the annual multinational maritime exercise and was held in the vicinity of Djibouti, Mozambique and Seychelles. The aim of the exercise was to improve law enforcement capacity, promote regional security and progress inter-operability between the armed forces of the participating nations for the purpose of prohibiting illegal maritime activity in the Western Indian Ocean.
Source: Press Information Bureau

 The Asian Development Bank (ADB) has raised 5.2204 billion Philippine pesos ($100 million) from a new issue of local currency bonds in the international market. Currency-linked bonds are denominated in the local currency but settled in US dollars. The bonds pay a fixed interest rate of 5.25% and have a final maturity of 4 years. ADB issued bonds in the Philippine domestic capital market in 2005 and 2007 but this issue is the first time it has mobilized Philippine peso funding from international investors through a currency-linked structure.
Source- ADB

  Reserve Bank of India decided to treat deposits to over Rs.2 crore as ‘bulk’ as they doubled the limit for the same from the earlier Rs.1crore. This move will enhance the operational freedom of Banks. According to current RBI rules, last reviewed in January 2013, banks have the option of not permitting premature withdrawals of ‘large rupee term deposits’ of INR 1 crore and above. RBI also proposed banks would maintain their bulk deposits interest rate cards in the core banking system for supervisory review. National Federation of Urban Cooperative Banks and Credit Societies Limited (NAFCUB) has suggested this proposal.
Source: The Times Of India

 Egypt’s President Abdel-Fattah el-Sissi has been elected as the chairman of the African Union at the continental body’s summit in Ethiopia. El-Sisi’s election brings an end the one-year chairmanship of Rwanda’s President Paul Kagame.
Source- AIR World Service

  Ruchira Kamboj was appointed as the Ambassador of India to Bhutan. She is serving as the High Commissioner of India to South Africa since 2017. A 1987-cadre Indian Foreign Service (officer), she is expected to take up the assignment shortly. Kamboj has previously served as the Ambassador/PR to Permanent Delegation of India to UNESCO, Paris.
Source- ANI News

 The Ministry of Environment launched a three-year Asiatic Lion Conservation Project in collaboration with the state of Gujarat. The Ministry of Environment, Forests and Climate Change (MoEFCC) allocated Rs 59 crores, which will focus on better management of the lion habitat, disease control and veterinary care for them. Gujarat government also implemented Rs 80 crore that will be spent on specialised veterinary hospitals and full-fledged ambulances for lions.
Source: Economic Times

  Aegis Graham Bell Award 2018 announced Yes Bank as the winner in ‘Innovation in Data Science’ category for their industry-first project ‘Yes EEE (Engage Enrich Excel)’at Panaji, Goa. It was hosted by the Government of Goa. Aegis Graham Bell Awards (AGBA) Promotes innovations and entrepreneurship in the Information and Communication Technology (ICT) domain.
Source: Yes Bank


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