DAILY CURRENT
AFFAIRS: 24TH FEB 2017
(Daily News India)
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.