February 2019 Current Affairs - The Hindu review

February 2019 Current Affairs - The Hindu review

Latest Current Affairs 2019 for competitive exams UPSC, AFCAT, TNPSC, IAS, RRB and Latest Affairs 2019 for banking exams IBPS PO Clerk, SBI, RBI and more. Read daily affairs, this beneficial Affairs 2018 resource yields the facts about the events of International affairs, National, Sports, Business, Banking Current Affairs of 2019 and more which are betterment for the Government & Private Job aspirants.
February 2019 Current Affairs - The Hindu review
February 2019 Current Affairs - The Hindu review

February 2019 Current Affairs :

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National Current Affairs:

* The Department of Industrial Policy and Promotion (DIPP) has been renamed as the Department for Promotion of Industry and Internal Trade with a mandate to deal with matters related to start-ups, facilitating ease of doing business among others. The newly-named department under the Ministry of Commerce and Industry will look into matters related to promotion of internal trade, including retail trade, welfare of traders and their employees, facilitating ease of doing business and start-ups. 


* The Punjab government approved a rural development scheme worth Rs 384.40 crore to supplement the ongoing works to build village infrastructure and provide essential amenities. Named 'Smart Village Campaign', the scheme would be financed with funds from the 14th Financial Commission and MGNREGA works. The SVC is aimed at improving the condition of rural areas by supplementing the ongoing government schemes for building infrastructure and providing essential amenities.


* The Defence Acquisitions Council, DAC chaired by Defence Minister Nirmala Sitharaman approved indigenous construction of six submarines worth 40 thousand crore rupees. It is the second project under the Ministry’s ambitious strategic partnership model aiming to boost the government’s Make in India’ program. DAC has also approved the acquisition of about five thousand MILAN Anti Tank Guided Missiles for the Army.

*Finance minister Piyush Goyal presented the Interim Budget for 2019-20 amid heightened expectations that he will announce an income support scheme for distressed farmers who have seen their incomes stagnate because of plunging prices, barely enough to pay for loans and input costs. 


* ‘Kisan Suvidha loan’ for small and marginal farmers has been launched by Ujjivan Small Finance Bank. The scheme will attempt to reach the bottom of the pyramid with products and services. Kisan Suvidha loan can be used by farmers for both agriculture and allied activities. It provides loans to individuals with an amount ranging from Rs. 60000 to Rs. 2 Lakh to fulfill the customized needs of the mass market segment.

* Paytm has launched hotel bookings on its platform and acquired Night Stay, which offers deals on last-minute bookings at luxury hotels, as the Alibaba-backed payments and e-commerce company expands its travel business. Paytm plans to invest Rs 500 crore in scaling up its travel operations and has partnered with more than 5,000 hotels across the budget, luxury and business segments.


* Bank of India, Bank of Maharashtra and Oriental Bank of Commerce have been allowed to exit the PCA framework fully. The three lenders were part of 11 government-owned banks put under the framework in 2017 and 2018. In December, the government had announced a capital infusion of Rs 10,000 crore for Bank of India, Rs 5,500 crore for Oriental Bank of Commerce and Rs 4,500 crore for Bank of Maharashtra, which helped the banks coming out of the framework.

* Ministry of External Affairs announced that Sanjiv Ranjan has been appointed as new Ambassador to the Republic of Colombia. Ranjan, who is the current Ambassador to Argentina, is expected to take up the assignment shortly. Ranjan who is a 1993 batch Indian Foreign Service officer holds a bachelors in Economics from Delhi University and an M.A. in International Relations from Jawaharlal Nehru University.

* Yes bank Senior group President and head of retail and business banking, Pralay Mondal resigned from his post. He will serve his notice until 31st March 2019. Pralay Mondal joined Yes Bank in 2012. The bank recently named Ravneet Gill as its new MD and CEO. Former CEO Rana Kapoor has demitted office and Ajai Kumar will be the interim chief till Gill takes over.

* The INS Dronacharya team won the Regatta trophy in the Kochi Area Pulling Regatta 2019 of the Southern Naval Command (SNC) held in the Ernakulam Channel. Anti-Submarine Warfare (ASW) School & Diving School secured the runners up position. The Boat Pulling Regatta is one of the most prestigious and traditional naval sporting activities conducted by the Navy. 

International Current Affairs:

* The United Nations announced 2019 as the International Year of the Periodic Table of the Chemical Elements to highlight its first publication in 1869. The periodic table was first designed by the Russian scientist Dmitri Ivanovich Mendeleev. The announcement by the United Nations will help to raise the profile of how chemistry can provide solutions to global challenges in agriculture, education, energy and health. This year marks the 150th anniversary of the first publication of the periodic table by Mendeleev.

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