Current Affairs Quiz: February 08, 2020

Notes:
The first ever India-Africa Defence Ministers’ Conclave was recently held in the city of Lucknow, during the 11th edition of the biennial defence exhibition DefExpo 2020.
The Defence Ministers and Heads of Delegation from African countries and the Defence Minister of India jointly held the first India Africa Defence Ministers’ Conclave. The Conclave adopted the Lucknow Declaration. Chief of Defence Staff General Bipin Rawat, Chiefs of all the three services were also present in the event. Prior to this, during the third India-Africa Forum Summit (26-30 October 2015), the Delhi Declaration was adopted.

Notes:
The prestigious Mystic Kalinga Literary Award (Indian and Global Languages) is to be presented to the noted Odia and English writer Manoj Das. The award would be presented during the Mystic Kalinga Festival (MKF) which commences in Bhubaneswar on February 8.
The Mystic Kalinga Literary Award is conferred to a person who has made significant contribution to the literature and culture of Odia. The bilingual writer recently received the country’s third-highest civilian award- Padma Bhushan, for his contribution in the field of literature and education. He had also been conferred with the Saraswati Samman award.

Notes:
The Reserve Bank of India (RBI) recently projected the economic growth of the country to grow by 6 per cent during the next financial year. This is the lower end of the growth projection as announced by the government in the economic survey, which estimated a rate of 6-6.5 per cent. RBI also stated that the Indian economy continues to be weak.
The first half of the year would grow in the range of 5.5-6.0 per cent and the third quarter at 6.2 per cent, as per the RBI. But this projection is higher than the GDP growth projection of 5%, made in the monetary policy statement of December 2019.

Notes:
The fifth edition of the India-Russia Military Industrial Conference was recently organised in the northern Indian city, Lucknow. The Conference was organised on the sidelines of the biennial Defence exhibition DefExpo 2020.
As many as 14 MoUs related to production of different defence equipment, radar systems, ASW Rocket launchers and 3D modeling were signed between the companies from India and Russia. Among several Indian companies, the prominent ones which signed the agreements were BHEL, Bharat Dynamics Limited and Vista control.

Notes:
The Reserve Bank of India (RBI) recently released its statement on developmental and regulatory policies, along with the February 2020 Monetary policy statement.
In the statement, the central bank announced about the launch of Digital Payments Index (DPI), which will assess the digitalisation of payments in the country. The DPI will accurately measure the penetration of digital payment modes among the general public of the country. The index is proposed to be launched from July 2020.