Daily Current GK Update
23 May, 2019
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India to grow at 7.1% in FY’20: UN report
As per the report by the United Nations, India’s economy is projected to grow at 7.1% in the fiscal year 2020 on the back of strong domestic consumption and investment. Indian economy expanded by 7.2% in 2018.
According to the report, GDP growth is a downward revision from the 7.4% estimated in January 2019. The World Economic Situation and Prospects (WESP) 2019 Midyear Update noted that growth projections for 2019 have been revised downward in all major developed economies.
Source: – News on AIR
Taiwan Expo 2019 begins in New Delhi
Taiwan Expo 2019 began in Pragati Maidan, New Delhi. The representative of Taipei Economic and Cultural Centre Tien ChungKwang and Chairman of Taiwan External Trade Development Council, TAITRA James CF Huang inaugurated the three-day event in the presence of Joint Secretary Praveen Bonigala and ITPO Chairman LC Goyal. There are 10 theme pavilions at the expo focusing on green products, health care, agriculture, tourism, biotechnology and electrical equipment.
Source: – News on AIR
ISRO successfully launched Earth Observation Satellite ‘RISAT-2B’
Indian Space Research Organisation (ISRO) has successfully launched the ‘RISAT-2B’ Satellite from the Sriharikota’s, Satish Dhawan Space Centre, SHAR. The Polar Satellite Launch Vehicle (PSLV-C46) lifted off from the First Launch Pad and injected RISAT-2B into an orbit of 556 km, about 15 minutes and 25 seconds after lift-off.
The RISAT-2B is radar imaging earth observation satellite, weighing about 615 kg. The satellite is intended to provide services in the field of agriculture, forestry and disaster management. The all-weather, radar imaging satellite has the capability to observe and image the earth from about 500 kms.
2019 Lok Sabha rolls record highest ever voter turnout in history
As per Election Commission of India, the 2019 Lok Sabha elections witnessed a voter turnout of 67.10% (interim), which is the highest ever voter turnout in the history of general elections.
The previous highest voter turnout of 66.44% was recorded in 2014. The seven phase 2019 elections began on April 11 and concluded on May 19, with counting scheduled for Thursday.
Source: – The Livemint
TAPI Pipeline meeting held in Turkmenistan
The Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline meeting was held in Ashgabat, Turkmenistan. The groundbreaking of the TAPI gas pipeline will be held in Pakistan in October 2019.
The TAPI gas pipeline project is expected to be completed by 2022 in Pakistan. Once completed; Pakistan is expected to receive 1.320 billion cubic meters (bcm) of natural gas. The TAPI project, supported by the United States and the Asian Development Bank (ADB) has been touted by Turkmenistan since the 1990s.
Ola launches credit card in tie-up with SBI Card
Ride-hailing company Ola has launched Ola Money SBI Credit Card in partnership with SBI Card, one of India’s largest credit card issuers. Powered by Visa, the Bangalore based company aims to provide a flexible and convenient payment system alongside several benefits to its customers. Ola is targeting 10 million Ola Money SBI Credit Cards by 2022.
Source: – Business Standard
Oman author Jokha Alharthi wins Booker International Prize
An author from Oman, Jokha Alharthi has won the prestigious Man Booker International Prize for “Celestial Bodies”, the story of three sisters of a desert country confronting its slave-owning past and a complex modern world.
Jokha Alharthi, the first Arabic-language writer to take the prize, will split the 50,000 pounds or 64,000 US dollar purse with her UK-based translator, Marilyn Booth. The prize is a counterpart to the Man Booker Prize for English-language novels and is open to books in any language that has been translated into English.
Source: – News on AIR
Saray Khumalo becomes 1st Black SA Woman to conquer Mount Everest
South African Saray Khumalo has reached the highest point on the planet becoming the first black African woman to scale Mount Everest. This was her fourth attempt at climbing Mount Everest. In a previous attempt in May 2017, Khumalo had to be rescued from Mount Everest by helicopter.
Source: -India Today
World Bank, CommBank team up for ‘World 1st’ Blockchain Bond Transaction
The World Bank and the Commonwealth Bank of Australia (CommBank) have teamed up to enable recording of secondary market bond trading using blockchain tech.
The institutions announced that their successful recording of a secondary transaction for bond-i, a block chain operated debt instrument, on a distributed ledger shows the “vast potential” of the technology, and marks the first bond to have both issuance and trading recorded on a blockchain platform.
International Day for Biological Diversity observed 22 May
The UN General Assembly proclaimed 22 May, the date of the adoption of its text, as the International Day for Biological Diversity on 20 December 2000. The theme for International Day for Biological Diversity 2019 is ‘Our Biodiversity, Our Food, Our Health’.
Source: – The United Nations