Current Affairs Today 5th July 2019 | Current Affairs News

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Daily Current Affairs PDF of  5th July  2019

CURRENT AFFAIRS: ECONOMIC SURVEY

Economic Survey projects 7% GDP growth in current fiscal

• Finance and Corporate Affairs Minister NirmalaSitharaman tabled the Economic Survey 2018-19 in both Houses of Parliament.
• The survey projects GDP to grow at 7 per cent in 2019-20. The Indian economy is expected to grow at 6.8 per in 2018-19 while maintaining macro-economic stability.
• The fiscal deficit has been pegged at 3.4 per cent of GDP for 2018-19. The survey has provisionally estimated 2.9 per cent growth rate for the agriculture, forestry and fishing sector.
• 4 million tonnefoodgrain production has been projected. Imports are slated to grow at 15.4 per cent while exports are projected to grow at 12.5 per cent for the year 2018-19.
• It has put forex reserves at 412.9 billion dollars for fiscal 2018-19.
• The survey also lays down the strategic blueprint for fructifying Prime Minister NarendraModi’s vision of India becoming a 5 trillion dollar economy by 2025.
• To achieve the vision, India needs to shift its gears to accelerate and sustain a real GDP growth rate of 8 per cent.
• India is working seriously to meet its commitments towards Sustainable Development Goals 2030.
• The expenditure on Social Services by the Centre and States increased from 7.68 lakh crores in 2014-15 to 13.94 lakh crore in 2018-19.
• The expenditure on education increased from 2.8 per cent to 3 per cent and expenditure on health increased from 1.2 per cent to 1.5 per cent from 2014-15 to 2018-19.
• Under the PM KISAN 2019, around 3 crore 10 lakh small farmers have received the first tranche of two thousand rupees and two crore 10 lakh farmers have got the second instalment, as on 23rd April this year.

• The survey highlights need for a robust and resilient Infrastructure to Create a $10 trillion economy by 2032.

• The Economic Survey highlights the immense potential of data of societal interest and says data should be of the people, by the people and for the people. Demographic trends suggest the need to prepare for the ageing population, which necessitates more healthcare investment and increasing retirement age in a phased manner.
• From‘BetiBacoBetiPadhao’ to ‘BADLAV’ (BetiAapkiDhan Lakshmi Aur Vijay Lakshmi).
• From‘Swachh Bharat’ to ‘Sundar Bharat’.
• From‘Give it up” for the LPG subsidy to ‘Think about the Subsidy’.
• From ‘Tax evasion’ to ‘Tax compliance’.

CURRENT AFFAIRS: INTERNATIONAL

Duty Free shops at Dubai airports to accept Indian currency

• Dubai Duty Free has announced that Indian Rupee will now be an accepted currency at all the retail outlets of the Dubai airport.
• Stores at the Dubai Airport will accept notes of various denominations, including 100s, 200s, 500s and 2000s. The move makes the Indian rupee the 16th international currency to be accepted at Dubai’s airports.

CURRENT AFFAIRS: NATIONAL

First UIDAI-run AadhaarSeva Kendra operational in Delhi, Vijayawada

• The UIDAI has operationalised the first ‘AadhaarSeva Kendra’ in Delhi and Vijayawada, setting in motion an ambitious plan to set up 114 such centres by the year-end.
• The Unique Identification Authority of India (UIDAI) is in the midst of setting up ‘AadhaarSevaKendras’ (ASKs) – similar to the concept of Passport SevaKendras – covering 53 cities across India at an estimated project cost of Rs 300-400 crore.
• The new centres are functioning on a pilot basis, the source said adding that Delhi centre – located at Akshardham metro station premises – has a capacity to handle 1,000 enrolment/updation requests a day. It comes equipped with 16 workstations and will be operational six days a week including weekends.

India’s first Design Development Centre ‘Fashionova’ launched in Surat, Gujarat

• India’s first Design Development Center ‘Fashionova’ was launched in the Textile city Surat recently to promote the city in the field of the fashion design sector.
• The main objective of this studio is to provide a strong platform to all those who have a flair of the apparel business.
• It fulfills, on a large scale, all business needs from co-working space, technicians, expert advises to cognitive workshops and exposure to the industry. Surat is renowned for its textile and the city had to be dependent on Mumbai or Delhi for unique and latest design trends. This design development center will bridge this gap.

CURRENT AFFAIRS: STATE

Maharashtra ranks first in NITI Aayog’s ease of doing farm business 

• Maharashtra achieved first rank in NITI Aayog launched “Agricultural Marketing and Farmer Friendly Reforms Index (AMFFRI), which ranks states based on the degree of reforms they have undertaken in agricultural marketing.
• Gujarat ranks second with a score of 71.5 out of 100, closely followed by Rajasthan and Madhya Pradesh.
• NITI Aayog launched in 2016 an index to rank States and UTs based on implementation of seven provisions proposed under model APMC Act like joining e-NAM initiative, special treatment to fruits and vegetables for marketing and level of taxes in mandis.

CURRENT AFFAIRS: BANKING AND FINANCE

IMF approves USD 6 billion loan for cash-strapped Pakistan

• The IMF approved a USD 6 billion loan over a period of three years for cash-strapped Pakistan, aimed at returning sustainable growth to the country’s fragile economy and improve the standards of living.
• The USD 6 billion financial aid includes an immediate disbursement of USD 1 billion while, the remaining amount will be phased over the duration of the programme.

CURRENT AFFAIRS: SUMMIT AND CONFERENCE

India to host 3rd global sunflower seed meet on July 19

• After China and Ukraine, India will host 3rd International Sunflower Seed and Oil Conference (ISSOC) 2019 on July 19 and 20 in Mumbai.
• The conference, hosted by Solvent Extractors’ Association of India (SEA), will see participation from global industry leaders, experts, researchers, and government representatives
• India is the largest importer of sunflower oil with imports of about 2.8 million tonnes. The global imports of sunflower oil is around 9.6 million tonnes. This shows significance of India in the global sunflower seed and oil market as every producer or exporting country in the world looks to India for a market.
• The first International Sunflower Oil Symposium and ISOA launching ceremony was held in October 2015, in Shanghai, China and the second conference was held in July 2017 in Odessa, Ukraine.
• The global sunflower seed production in the year 2018-19 is estimated at 51.41 million tonnes, sunflower oil at 19.45 million tonnes & sunflower meal at 20.90 million tonnes.

CURRENT AFFAIRS: APPOINTMENTS AND RESIGNATION

Harideesh Kumar is now Director of Institute of Banking Personnel Selection

• B Harideesh Kumar has been appointed as director of Institute of Banking Personnel Selection (IBPS) for a period of three years.
• He took charge recently. Earlier, he was Executive Director of Canara Bank and brings with him a lot of domain related experience in the banking sector.

RBI appoints A K Misra as additional director on J&K Bank board

• The Reserve Bank of India has appointed its former executive director A K Misra as additional director on the board of Jammu and Kashmir Bank (J&K Bank).
• A K Misra shall hold the office for a period of two years up to July 2, 2021 or till further orders.

CURRENT AFFAIRS: SPORTS

Hima Das Wins Gold, Tajinderpal Singh Toor Bags Bronze at Poznan Athletics Grand Prix

• Star Indian sprinter Hima Das won the women’s 200m gold, while national record holder shot putter Tajinder Pal Singh Toor bagged a bronze in the Poznan Athletics Grand Prix in Poland.
• Hima, the world junior champion and national record holder in 400m who has been struggling with a back problem for the past few months, on her way to the 200m gold.
• MuhammedAnas, the 400m national record holder, was third in the men’s 200m race with a timing of 20.75 seconds. K S Jeevan won the men’s 400m bronze in 47.25s.

CURRENT AFFAIRS: OBITUARY

US auto industry legend Lee Iacocca passes away

• Automobile industry legend Lee Iacocca, who is credited with creating the iconic Ford Mustang and saving Chrysler from bankruptcy, died at the age of 94
• Mr Iacocca is best known for the development of Ford Mustang and Pinto cars and saving Chrysler Corporation from bankruptcy.