DAILY CURRENT AFFAIRS: 24TH FEB 2017
(Daily News India)
Shared By: WWW.DailyGk.IN
1. SIKKIM BECOMES 22ND STATE TO JOIN UDAY
i. India’s 1st fully organic state Sikkim has joined the union government’s Ujwal DISCOM Assurance Yojana as 22nd state.
ii. Upon this decision Sikkim has inked MoU with the union government under the Scheme Ujwal Discom Assurance Yojana for operational improvement of the state’s Power Distribution Department.UDAY.
iii. The MoU will help in improving operational efficiency of the power distribution and reduction in AT&C and transmission losses to 15% and 3.50% respectively, is possibly to bring in added revenue of around Rs 328 cr.
2. INTERNATIONAL AYURVEDIC RESEARCH INSTITUTE PLANNED AT KANNUR
i. Kerala CM Pinarayi Vijayan has decided to set up Ayurvedic research institute and Kerala Blood Bank society of International standards in Kerala during the 13th five year plan.
ii. Ayurvedic research institute will be set up at the cost of Rs 300 cr at Kannur.
iii. It will be set up jointly by Health Department with technical assistance of WHO and Thiruvananthapuram Citizens India Charitable Trust.
3. BRICS SUMMIT’S 1ST SHERPAS MEETING HELD IN CHINA
i. China is hosting the 1st official BRICS Sherpas Meeting in Nanjing -Jiangsu Province under its chairmanship.
ii. The meeting is focusing on the theme of “Stronger Partnership for a Brighter Future” upon considering the current international situation.
iii. This event will see a participation of 100 people including Sherpas, the New Development Bank representatives and diplomatic envoys in China.
4. INDIA’S GDP PROJECTED TO SLOW TO 6.6% POST-DEMONETIZATION: IMF
i .International Monetary Fund come up with India’s growth projection which predicted slow 6.6% in 2016-17 fiscal due to “temporary disruptions” caused by demonetization.
ii. The IMF has noted that demonetization would have only short term impact on the economy and it would bounce back to its expected growth of more than 8% in the next few IMF announces implementation of long due quota reform years.
iii. The IMF said in its annual country report on India mentioned that growth is projected to slow to 6.6% in FY2016/17, and then rebound to 7.2% in FY2017/18, due to temporary disruptions, primarily to private consumption as a result of cash shortage.