 Former Assam Legislative Assembly Speaker and sitting Congress MLA (Member of the Legislative Assembly) Pranab Kumar Gogoi passed away. He was first elected as Legislator from the Assam Legislative Assembly from Sivasagar, Assam for 4 consecutive terms. He also served as minister in Tarun Gogoi-led cabinet from 2006-2011 and speaker of the Assam legislative assembly in 2011. In 2015, Pranab Kumar took the definition of the term ‘Assamese’. |
 Prime Minister of India Shri Narendra Modi has stated that NDA government set a defense export target of 5 billion dollars in the upcoming five years. The export of defense equipment from India was about 2,000 crore rupees. In the past 2 years, it has gone up to 17,000 crore rupees. In the upcoming five years, the target is defense export of 5 billion US dollars (approx 35,000 crore rupees). The 11th edition of the mega defense event is being held in Lucknow, Uttar Pradesh. The theme of this event is “India: The Emerging Defence Manufacturing Hub”. The five-day DefExpo is being attended by 38 defense ministers and top executives of 172 foreign defense majors and 856 Indian companies in Lucknow. |
 Weightlifter Sambo Lapung has won the gold medal in the men’s 89kg event of the National Weightlifting Championships held in Kolkata. He has made a new national record of 188kg in clean and jerk event in men’s 89kg. The previous national record of clean and jerk was of 187kg. Sambo Lapung is from Arunachal Pradesh. In the women’s event, Rakhi Halder has won the gold medal in the 64kg event. She won the gold medal with a total of 210kg defeating her nearest competitor Harjinder Kaur who registered 200kg in the event. |
 Atal Innovation Mission, NITI Aayog has begin a series of innovation demo days. The series aims to unite the stakeholders of the food processing and agriculture sector in India. The innovation demo days will act as a platform where start-ups, Micro, Small and Medium Enterprises (MSMEs), entrepreneurs, corporate partners and sector academics are brought together to be spectator of government-funded innovations. |
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 The Union Cabinet chaired by Prime Minister Narendra Modi has approved to bestow the status of Institution of National Importance to the five Indian Institutes of Information Technology (IIITs). The status will be provided with the inception of the Indian Institutes of Information Technology Laws (Amendment) Bill, 2020. The bill will provide the status of Institutions of National Importance to the remaining five IIITs along with the existing 15 IIITs in PPP mode. The 5 IIITs in PPP mode includes IIITs in Bhopal, Raichur, Bhagalpur, Agartala and Surat. |
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 The Union Cabinet chaired by Prime Minister Narendra Modi has given its in-principle approval for setting up a new Major Port at Vadhavan near Dahanu in Maharashtra. The new Major Port will be established on the basis of land lord model. The projected cost of the Vadhavan Port is over Rs 65,000 crore. After the development of this new Major Port at Vadhavan in Maharashtra, India is expected to enter the list of countries with top 10 container ports in the world. For the implementation of the project, a Special Purpose Vehicle (SPV) will be formed along the Jawaharlal Nehru Port Trust (JNPT) which will act as the lead partner with equity participation of 50% or more. This SPV will be responsible for the development of the port infrastructure, including construction of breakwater, reclamation with the establishment of connectivity to the hinterland. All the business activities will take place under the public private partnership (PPP) by private developers. |
 Romania’s pro-European government collapsed in a parliamentary no-confidence vote after only 3 months in office. A total of 261 of 465 MPs voted in favour of a motion against the minority government led by Ludovic Orban. The move was triggered by Orban’s attempt to change the law for local elections. Orban had wanted to reintroduce a two-round voting system but the change will no longer be implemented. |
 The United States President Donald Trump has been acquitted of all impeachment charges. The US Senate has acquitted President Trump on two articles of impeachment that are the abuse of power and obstruction to Congress. The Republican-majority Senate voted 52-48 to acquit him of abuse of power and 53-47 to acquit him of obstruction of Congress. Donald Trump is only the third US leader ever placed on trial, he readily defeated the effort to expel him from office for having illicitly sought help from Ukraine to bolster his 2020 re-election effort. |
 Deposit Insurance and Credit Guarantee Corporation (DICGC) increases the insurance coverage for depositors in all insured banks from Rs 1 lakh to 5 lakh with effect from February 4, 2020, with the approval of Government of India. The rate of premium payable by the insured banks will be raised from 10 paise per Rs 100 of assessable deposits to 12 paise per Rs100 of assessable deposits per annum. This step is taken with a view to providing a greater measure of protection to depositors in banks the Deposit Insurance and Credit Guarantee Corporation, a wholly-owned subsidiary of the Reserve Bank of India. Thus in terms of Section 16 (1) of Deposit Insurance and Credit Guarantee Corporation Act 1961, the limit of the total amount payable by the Corporation to any one depositor in respect of his/her deposits with an insured bank in the same right and capacity shall be 75 lakh. |
 Indian Oil has picked up a minority equity stake in Israel’s battery developer Phinergy to jointly set up a facility in India to manufacture metal-air batteries for electric vehicles. This collaboration helps in the field of Al-Air battery system including research & development, customization, manufacturing, assembly, sale and service of aluminium-air energy systems technology. Phinergy specialises in aluminium-air (Al-Air) and zinc-air battery systems that have potential applications in electric mobility and stationary applications. The preference for this technology is also because aluminium is abundantly available in India and its extraction and recycling technologies are also well established. |
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