Current Affairs for SSC CGL Exams - 04 FEBRUARY 2020
SC issues direction to states for establishing Gram Nyayalayas
- The Supreme Court has directed the states, which are yet come out with
notifications for establishing Gram Nyayalayas, to do so within four weeks.
The apex court also asked the high courts to expedite the process of
consultation with state governments on this issue.
- A bench headed by Justice N V Ramana also took into account the fact
that several states have issued notifications for establishing Gram
Nyayalayas but all of them were not functioning except in Kerala,
Maharashtra and Rajasthan.
- The apex court had in September last year agreed to hear a plea seeking
a direction to the Centre and all states for taking steps to set up Gram
Nyayalayas under the supervision and monitoring of the top court.
WCD ministry claims over 1.25crore beneficiaries benefitted from DBT
- Women and Child Development Minister SmritiZubinIrani today said that
one crore 28 lakh beneficiaries received 5,280 crore rupees in their bank
accounts through Direct Benefit Transfer. She said, efficiency in the
implementation of the PradhanMantriMatruVandanaYojana, PMMVY has now touched
the 90 per cent mark in comparison to 38 per cent in 2018.
- Speaking at the function in New Delhi after giving away the PMMVY awards
to states, union territories and districts for best performance, she
appealed to achieve hundred per cent target in this year. She said, it is to
be ensured that no women and children are left out from the benefit of the
- She urged the participants to initiate Jan Andolan in the districts to
awaken the people about the risks faced by young girls who are entering into
motherhood. She informed that POSHAN Maah will be observed in the next month
to inform the importance of nutritious food, ill effects of anemia, the
importance of sanitation and vaccination of mother and child.
IMF MD asserts Indian economy not in recession
- IMF Managing Director KristalinaGeorgieva has asserted that Indian
economy is not in a recession.
- She told a group of foreign journalists in Washington yesterday that the
Indian economy indeed experienced an abrupt slowdown last year adding that
the IMF had to revise growth projections, downwards.
- Georgieva said IMF is expecting 5.8 percent growth rate in 2020 and then
an upward trajectory to 6.5 percent in 2021. The IMF MD said that India
undertook some important reforms which would be beneficial for the country
over the longer term.
Fall in GDP growth impacts corporate credits ,says experts
- The credit profile of Indian companies has deteriorated in the nine
months of the fiscal hurt by a sharp slowdown in GDP growth. India Ratings (Ind-Ra)
an arm of rating agency Fitch has downgraded 188 issuer ratings versus 103
upgrades during the period.
- As a result the downgrade to upgrade ratio has deteriorated to 1.83 in
the first nine months of the fiscal from 0.86 in the fiscal 2019.
- The aggregate debt of all ratings downgraded to the total aggregate debt
of all upgraded ratings also increased to 3.08.
- This was compounded by a drying up in liquidity as banks, non-banking
financial companies and mutual funds turned risk-averse. As a result
defaults increased to 4.9% of all issuers reviewed during this period up
from 2.9% last year.
- Industries most impacted by the slowdown were capital goods (mainly tier
II construction & engineering), utilities (renewable energy), food,
beverages and tobacco.
China lowers interest rates to boost economy
- China’s central bank has lowered the interest rates on reverse
repurchase agreements today to boost economic activities. The cut came as
Chinese financial markets reopened after an extended Lunar New Year holiday.
The People’s Bank of China has also injected a total of 173 billion US
dollars into money markets through reverse bond repurchase agreements.
- Chinese Army stationed in central China's Hubei Province has begun
distributing daily necessities to the residents of Wuhan. Chinese
authorities have said that they will further increase the supply of daily
necessities including fresh vegetables, meat, grain and oil to central Hubei
- Meanwhile, China’s Ministry of Agriculture and Rural Affairs has said in
a statement that the highly pathogenic bird flu outbreak occurred in a farm
in the Shuangqing district in Hunan province which has killed more than half
of the chickens in the farm.
- Local authorities have culled 17,828 poultry after the outbreak. No
human cases of the Hunan H5N1 virus have been reported. Hunan province lies
on the southern border of Hubei province, the epicentre of the rapidly
spreading coronavirus. Tens of millions of people are still quarantined
throughout the Hunan Province in an effort to combat the virus.
::SCIENCE & TECHNOLOGY::
Researchers develop AI tech to help speech impaired humans
- Indian Institute of Technology (IIT) Madras researchers have developed
an Artificial Intelligence technology to convert brain signals of speech
impaired humans into language.
- The other major application for this field of research is that the
researchers can potentially interpret nature’s signals such as plant
photosynthesis process or their response to external forces, the institute
said in a press release.
- Electrical signals, brain signal or any signal, in general, are
waveforms which are decoded to meaningful information using physical law or
mathematical transforms such as Fourier Transform or Laplace transform.
- These physical laws and mathematical transforms are science-based
languages discovered by renowned scientists such as Sir Isaac Newton and
Jean-Baptiste Joseph Fourier.
- Elaborating on this research, Nandigana said, “The output result is the
ionic current, which represents the flow of ions which are charged
particles. These electrically driven ionic current signals are worked on to
be interpreted as human language meaning speech.”
- The other major application of this field of research potentially is
that can it interpret nature's signals, like plant photosynthesis process or
their response to external forces when their real data signal is collected.
- “The big breakthrough will be can we interpret what plants and nature is
trying to communicate to us. This will help in predicting monsoons,
earthquake, floods, Tsunami and other natural disasters using our Artificial
Intelligence and Deep Learning algorithms,” said Nandigana.