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Daily Current Affairs - 31 Jan 2021 : GKToday Updates

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Daily Current Affairs – 30 Jan 2021 : GKToday Updates

1. Union Finance Minister Nirmala Sitharaman tabled Economic Survey 2020-21 in the Parliament

  • Union Finance Minister Nirmala Sitharaman tabled Economic Survey 2020-21 in the Parliament on Jan 29.
  • After an estimated 7.7 per cent contraction in 2020-21, the Finance Ministry’s Economic Survey projects that India’s real GDP would record a growth of 11 per cent in 2021-22.
  • The nominal GDP growth has been estimated at 15.4 per cent, implying an assumption of 4.4 per cent inflation during the year.
  • Following the presentation of the Economic Survey in both the houses of the Parliament by Finance Minister, Chief Economic Adviser KV Subramanian addressed a press conference in which he introduced the highlights of the annual survey document.


2. Nation pays homage to Mahatma Gandhi on his 73rd death anniversary

  • The nation pays homage to Father of the Nation Mahatma Gandhi on his 73rd death anniversary today. The day is also observed as Martyrs’ Day. He was assassinated on this day in 1948.
  • An inter-religious prayer is organised on the occasion at Rajghat every year where the President, Vice President and Prime Minister lay wreaths at Bapu’s samadhi.
  • President Kovind said people should adhere to his ideals of peace, non-violence, simplicity, purity of means and humility.
  • The nation will also observe a two-minute silence at 11 AM in remembrance of those who sacrificed in the country’s independence.

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Gandhi’s birthday (on 2nd October) is commemorated as Gandhi Jayanti and worldwide as the International Day of Nonviolence.


3. Beating the Retreat ceremony held at Vijay Chowk

  • Beating the Retreat ceremony, marking the culmination of four-day long Republic Day celebrations was held at the historic Vijay Chowk in New Delhi.
  • President Ram Nath Kovind, Vice President M. Venkaiah Naidu, Prime Minister Narendra Modi, Defence Minister Rajnath Singh, Chief of Defence Staff and Chiefs of the three services were present at the ceremony among others.
  • This year, 15 Military Bands and 15 Pipes and Drums Bands from Regimental Centres and Battalions participated in Beating the Retreat ceremony.
  • Beating Retreat is a centuries-old military tradition dating from the days when troops disengaged from battle at Sunset. As soon as the buglers sounded the retreat, the troops ceased fighting, sheathed their arms and withdrew from the battlefield.


4. India, World Bank sign USD 500 million programme to improve quality of school education in India

  • The Indian Government and the World Bank signed a USD 500 million Strengthening Teaching-Learning and Results for States Programme (STARS) to improve the quality of school education in India.
  • The programme will be implemented in six Indian states including Kerala, Madhya Pradesh, Himachal Pradesh, Maharashtra, Odisha and Rajasthan.
  • The programme is expected to benefit around 250 million students (between the age of six and 17) in 1.5 million schools and over 10 million teachers.
  • The STARS programme will build on the long partnership between India and the World Bank for strengthening public school education in India.

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The World Bank is an international financial institution that provides loans and grants to the governments of low and middle-income countries for the purpose of pursuing capital projects.

Headquarters: Washington, D.C., President: David Malpass


5. IMF revises growth projection for India to 11.5 percent in 2021

  • International Monetary Fund (IMF) projected an 11.5 percent growth rate for India in 2021 making it the only major economy of the world to register double-digit growth this year amidst the coronavirus pandemic.
  • China is next with 8.1 percent growth in 2021 followed by Spain (5.9 percent) and France (5.5 percent).
  • With the latest projections in World Economic Outlook Update, India regains the tag of the fastest developing economies of the world.
  • Revising its figures, the IMF said that in 2020, the Indian economy is estimated to have contracted by eight percent.

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The International Monetary Fund (IMF) is an international financial institution headquartered in Washington D.C., consisting of 190 countries working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment, sustainable economic growth and reduce poverty.

Managing Director: Kristalina Georgieva; Chief Economist: Gita Gopinath


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