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Current Affairs Capsule – January 11, 2020

January 11, 2020
Posted by: Team CP
Category: Current Affairs Capsule

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MILAN 2020 (Multilateral Naval Exercise) will be hosted by the Indian Navy in March 2020 in Visakhapatnam, the city of destiny. The exercise, being conducted under the theme ‘Synergy Across the Sea’, will witness the participation of several countries. Milan 2020 is a week-long multilateral exercise aimed at enhancing professional interaction and learn from one another’s strengths and best practices in the maritime domain.
The Indian Railways announced that it will source 1000MW of solar power and 200 MW of wind power by 2021-22 across zonal railways and production units. Of this, 500 MW solar plants are to be installed on the roof top of Railway buildings which will be used to meet non-traction loads at Railway Stations while 500 MW land based solar plants will be used to meet both traction and non-traction requirements. Also, the project that aims at linking Kashmir with rest of India through railway links will be completed by December 2021.
India Pulses and Grains Association announced that the fifth edition of the ‘Pulses Conclave’, their biennial global pulses conference will be held from 12th February to 14th February, 2020 in Lonavala, Maharashtra. Around 1500 stakeholders from India and other countries are expected to participate in the conference. The conference aims at increasing exports, processing efficiencies, protein extraction, value addition and post-harvest management. India is the largest producer of pulses in the world.
The World Bank released its Global Economic Prospects report and as per the report, India’s growth rate for the financial year 2020 is predicted to be 5%, the lowest in eleven years. The multilateral lender expects the country’s growth to recover only slightly to 5.8% in the next fiscal year. It cited a lingering weakness in credit from non-banking financial companies (NBFCs) as the main cause for the downgrade. As per the report, the world is expected to grow economically at the rate of 2.5%.
The Indian Army began working on the Government Owned Contractor Operated (GOCO) model, which is being extended to base workshops and ordnance depots. These workshops ensure that the Indian Army is operationally prepared at all points and are assigned with the role of overhauling (testing and repairing) of weapons and also manufacture spares. However, a few major issues have cropped up with the usage of the GOCO model as the assets owned by the government will be operated by private industries and the military manpower will be a meagre 25% only.
A viable scientific method to cultivate Indian Pompano fish in ponds has been developed by the Central Marine Fisheries Research Institute (CMFRI). These fish are considered to be a good alternative to fish. The National Fisheries Development Board provided the necessary financial assistance for this scientific invention. This Pompano fish is set to be officially cultivated in the ponds of Visakhapatnam. The Pompanos are commonly found in the Indo-Pacific region and have been cultivated in India through the Open sea Cage Farming and earthen pond fresh water farming methods.
The security has been enhanced in major railway hubs by the Indian Railways after IP based video surveillance system was installed. These systems have been installed at the entrance and exit of platforms, waiting halls, parking areas and over bridges at the railway stations. The installation of the surveillance system is to take place at 983 stations and a budget of 250 crores from Nirbhaya funds has been allocated.