9 February 2017 Current Affairs : Monetary Policy Review, Jeff Sessions, VVPAT machines, Desert Festival, Chinese media on India’s Cold Start Doctrine

///9 February 2017 Current Affairs : Monetary Policy Review, Jeff Sessions, VVPAT machines, Desert Festival, Chinese media on India’s Cold Start Doctrine

Here are today’s current affairs updates from The Hindu, PIB, Indian Express, with PDF download. It covers useful national, international, economic, sports news for exams like UPSC, CDS, IAS, IFoS, SSC CGL, etc.

 

National Important Current Affairs Update – 9 February 2017

☀ The Cabinet has approved Pradhan Mantri Gramin Digital Saksharta Abhiyan to make 6 crore rural households digitally literate by March 2019. The outlay for this project is over Rs 2,351 crore, the Abhiyan is expected to be one of the largest digital literacy programmes in the world.

☀ The Lok Sabha has passed a Motion of Thanks on President Pranab Mukherjee’s address to the joint sitting of Parliamentcby a voice vote.

What is “Motion of Thanks”? The President makes an address to a joint sitting of Parliament at the start of the Budget session, which is prepared by the government and lists its achievements and gives a broad indication of the agenda for the year ahead. The address is followed by a motion of thanks moved in each House by ruling party MPs. During the session, political parties discuss the motion of thanks also suggesting amendments.

Constitutional Provisions : President’s Address and Motion of Thanks are governed by Articles 86 (1) and 87 (1) of the Constitution and Rules 16 to 24 of the Rules of Procedure and Conduct of Business in Lok Sabha.

 

☀ Centre will install 150 new Earthquake sensors in Garhwal-Kumaon region, Uttarakhand to better understand the geology and evolution of Himalayan earthquakes. Currently there are only 20 stations maintained by different research agencies to track earthquake activity.

  • This region of Himalayas is seismically active because of its location – at junction of two tectonic plates – the Himalayan and the Eurasian plate, which are pushing against each other.
  • Previously major earthquakes have occurred in – 1991 Uttarkashi and Chamoli. On Monday, a 5.8 magnitude earthquake hit Rudraprayag.
  • Experts have long warned that a major earthquake is imminent in the Himalayan region because of the strain building up over the centuries.

 

☀ In Uttarakhand assembly elections, Voter Verifiable Paper Audit Trail (VVPAT) machines will be installed at 553 polling booths.

  • A voter can confirm the vote cast by him through the VVPAT machine similar to an ATM receipt.
  • The VVPAT machines are to be used in three constituencies of Dharmpur in Dehradun, Ranipur in Haridwar and Rudrapur in UdhamSinghNagar.

 

☀ The central varsities have been asked by the University Grants Commission (UGC) to review and revise their curricula, at least once in every 3 years, in order to make the college and university students more employable.

  • This review and revision of academic curricula should focus on the existing and potential demand and supply of skill sets to make the university and college students employable.

☀ The 3-day Desert Festival of Jaisalmer began at Sam Sand Dunes. It is organised by the Rajasthan government to promote tourism. The festival features camel races and turban tying competitions.

☀ The Supreme Court has dismissed a review petition filed by the Tamil Nadu government against a 2015 Constitution Bench judgment that a State government has no suo motu power to remit sentences of persons convicted under a Central law and cases investigated by a Central agency like the CBI.

  • Note that: This verdict was based on a challenge by the Centre to Tamil Nadu’s move to remit the life sentence of seven convicts in the Rajiv Gandhi assassination case.
  • In 2015, the judgment had held that the Centre (and not the State government), would have “primacy” in deciding whether persons convicted in matters of the CBI or a Central agency should be released or not on remission.

☀ The Centre has formed a committee to expedite the implementation of its Namami Gange programme under which it plans to free the Ganga river of waste by next year. Water Resources Minister Uma Bharti announced to form the committee.

  • The secretaries of ministries of Water Resources, Environment and Forest, and Drinking Water and Sanitation will be members of the panel, which will meet at least once every fortnight.

 

International Daily Current Affair Capsule – 9 February 2017

☀ The UK House of Commons has passed the Brexit bill. It will let the government begin the UK’s departure from the EU after the draft legislation was approved by 494 votes to 122, and now moves to the House of Lords.

  • PM Theresa May wants to start formal Brexit talks by the end of March. She will invoke Article 50 of the Lisbon Treaty, but that requires Parliament’s permission before doing so.

 

☀ Russian President Vladimir Putin has approved an amendment that decriminalizes domestic violence across Russia. Note that : One woman dies every 40 minutes from domestic abuse in Russia.

☀ In US, the Senate has voted to confirm Republican Senator Jeff Sessions as the next Attorney General of the United States. The Alabama senator is known for his tough stance on immigration enforcement.

☀ State-run Chinese media has observed that Indian Army’s “Cold Start” doctrine to seize control of Pakistani territory might be intimidating but will not lead to a “landslide” victory against nuclear-armed Pakistan. It said Pakistan has considerable strength to safeguard its sovereignty and its nuclear weapons should not be ignored. Given the uncertainties of US’ future policy toward South Asia, the India-Pakistan peace process, which is already frozen, is now in a “critically fragile state”.

What is India’s Cold Start Doctrine?

  • Cold Start is a military doctrine developed by the Indian Armed Forces for use in case of a war with Pakistan.
  • It’s objective is to launch a retaliatory conventional strike against Pakistan inflicting significant harm on the Pakistan Army before any international community could intercede, but not in way Pakistan would be provoked to make a nuclear attack.
  • Cold Start Doctrine deviated from India’s defence strategy since 1947 – “a non-aggressive, non-provocative defense policy,” – and will involve limited, rapid armoured thrusts, with infantry and necessary air support.
  • Cold Start Doctrine was developed as the limitations of the earlier doctrine – Sundarji Doctrine – was exposed after the attack on the Indian Parliament.

 

Economics News Current Affair Capsule – 9 February 2017

☀ The Reserve Bank of India has maintained status quo on its key rates in its monetary policy review. But RBI has shifted its monetary policy stance from ‘accommodative’ to ‘neutral.’

  • Repo Rate – the rate at which the RBI lends to banks, stands unchanged at – 6.25 percent
  • Reverse Repo Rate – the rate at which the RBI absorbs excess liquidity, also remains steady at – 5.75 per cent
  • Marginal Standing Facility (MSF) – 6.75 per cent
  • Bank Rate – 6.75 per cent
  • Cash Reserve Ratio (CRR) – 4.0 per cent
  • Statutory Liquidity Ratio (SLR) – 20.75 per cent.

Reserve Bank Governor Urjit Patel said the Monetary Policy Committee decided to change its policy stance while keeping the policy rate on hold to assess how the transitory effects of demonetisation on inflation and the output gap play out.

The RBI also revised down its GDP growth forecast to 6.9 per cent for the current fiscal, from 7.4 per cent earlier. But it has added that growth will pick up sharply to 7.4 per cent in the next fiscal.

The central bank has also decided to form a separate enforcement department for stricter enforcement of its regulatory and supervisory actions.

 

☀The weekly cash withdrawal limit from savings bank accounts from ATMs or banks will be increased to Rs 50,000 from February 20 and there won’t be any withdrawal limit from March 13, the Reserve Bank of India has announced. Presently, The weekly withdrawal limit now is Rs 24,000.

 

Sports News Current Affair Capsule – 9 February 2017

☀ The 5th ODI between India Under-19 and their English counterparts ended in a tie in Mumbai. India Under-19 team, however, clinched the five-match One-Day International series 3-1.

 


This is our contribution towards making students more aware of what to study and what to ignore in daily news. We hope this compilation of current affair capsule was useful for going through today’s important events. Please share your comments with us. Have a Good Day!

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2017-02-09T12:05:51+00:00