DAILY DOSE 9TH FEB CURRENT AFFAIRS
1) Know About: Monetary Policy Committee (MPC)
- MPC is a committee tasked with framing monetary policy of India.
- It was instituted in 2016 under RBI Act, 1934.
- MPC is entrusted with the responsibility of deciding the different policy rates including MSF, Repo Rate, Reverse Repo Rate, and Liquidity Adjustment Facility.
- Chairman: RBI Governor
- Members: 63 members are appointed by Govt. of India and 3 are from RBI.
2) RBI increases repo rate by 25 Basis points to 6.5%
- Reserve Bank of India (RBI) has increased the repo rate by 25 Basis points to 6.5%.
- Since May 2022, the RBI has increased the repo rate by 2.5%.
- The decision was taken in Monetary Policy Committee meeting.
- Standing Deposit Facility Rate has been revised to 6.25%.
- Marginal Standing Facility Rate and Bank Rate revised to 6.75%.
- RBI said, Inflation for 2022-23 is projected at 6.5%.
3) India ranks first, contributes 24% of global milk production
- India is the largest milk producer in the world.
- It contributed 24% to global milk production in the year 2021-22.
- India’s milk production has registered a growth of 51% during the last eight years – 2014-15 and 2021-22.
- Production has increased to 220 million tonnes in 2021-22.
- The data was released by Food and Agriculture Organization Corporate Statistics Database. (FAOSTAT).
4) Food and Agriculture Organization (FAO)
- FAO is a specialised agency of the United Nations that leads international efforts to defeat hunger and improve nutrition and food security.
- Founded: 16 Oct 1945
- Members: 195
- Headquarters: Rome, Italy
- World Food Day is celebrated every year on 16th October to celebrate anniversary of FAO.
- Initiatives: Globally Important Agricultural Heritage Systems
- Codex Alimentarius Commission etc.
5) World’s first ‘super’ magnets for testing in nuclear plant developed
- World’s first ‘super’ magnets for testing in nuclear fusion plant developed by UK’s Tokamak Energy in February 2023.
- Tokamak Energy announced that the Demo4 magnet has a magnetic field strength that is nearly a million times stronger than the Earth’s magnetic field, making it capable of confining and controlling the extremely hot plasma created during the nuclear fusion process.
6) A new book titled ‘The Best of Satyajit Ray’ released by Penguin India
- A two-volume book, ‘The Best of Satyajit Ray’ was published by Penguin Random House India. in February 2023.
- It offers a glimpse into the fiction and non-fiction writings of the legendary filmmaker Satyajit Ray.
- He was one of the greatest filmmakers of his time.
- In 1992, he was awarded the Bharat Ratna and the Oscar for Lifetime Achievement by the Academy of Motion Picture Arts and Sciences.
7) Visva-Bharati University to be world’s 1st Living Heritage University
- Visva-Bharati University, founded by Rabindranath Tagore in 1921, is set to become the world’s first “living heritage university”.
- The university is expected to receive the heritage tag from UNESCO in April or May 2023.
- The institute was granted the status of a Central University in the year 1951 through a Central Act.
- It is the only university whose Chancellor is the PM of India.
8) Union Minister Bhupender Yadav launches ‘Save Wetlands Campaign’
- Union Minister for Environment, Forest and Climate Change, Bhupender Yadav in February 2023, launched the ‘Save Wetlands Campaign.’
- The campaign is based on a “whole of society” approach to wetland conservation.
- It provides an opportunity to sensitise people about the value of wetlands, increase the coverage of wetlands and citizen participation for wetland conservation.
Join us on:-
- Telegram:- https://t.me/teachersvisi
- Facebook:- https://www.facebook.com/profile.php?id=100077040666085
- WhatsApp:- https://wa.me/message/XUHBVL36VMJOP1
- Instagram:- https://www.instagram.com/teachersvision15/