2nd February 2020 – Current Affairs
Staff Reporter | 20-02-03

? According to the Economic Survey of India 2019-20,  1,24,000 new companies were formed in 2018. The figure was just 70,000 in 2014 that saw a growth of about 80% in 2018. Most entrepreneurship in service sector recorded in Delhi, Mizoram, Uttar Pradesh, Kerala, Andaman and Nicobar Islands and Haryana.

? The year 2019 marked the golden jubilee year of Bank Nationalisation. The Survey points out that the growth of Indian Banking Sector has not been proportionate with the overall growth of the economy.

? India jumps to 63rd position in World Bank’s Ease of Doing Business 2020 report.

? Budget Estimates Put FDI At $284 Billion During 2014-19. The Union Budget for 2020-21 stated that Foreign direct investment (FDI) into the country elevated to the level of USD 284 billion during 2014-19.

? According to the Economic Survey 2019-20, about 2.62 crore new jobs were created between 2011-12 and 2017-18. About 1.21 crore jobs were created in rural areas, while 1.39 crore jobs were created in urban areas.

? The Economic Survey 2020 depicts that the growth of Indian Banking Sector has been inproportionate with the overall economic growth. To accelerate the growth of Banking Sector, Survey suggests the Employee Stock Ownership Plan (ESOP) for bank employees.

? GVA at Basic Prices for 2019-20 from ‘Agriculture, Forestry and Fishing’ sector is estimated to grow by 2.8 per cent as compared to growth of 2.9 per cent in 2018-19.

? The Economic Survey 2020 used the term ‘Thalinomics’ to describe economics of a plate of food in India. It throws light upon the price paid by a person for a Thali in India anywhere.

? Finance Minister Nirmala Sitharaman announced an outlay of Rs 2.83 lakh crore for agriculture and allied sector for the financial year 2020-21.

? The AN-32 aircraft of Indian Air Force powered with 10% blend of bio-jet fuel took off and landed successfully in Kushok Bakula Rimpochee Airport, Leh.

? ‘Rubigula’, Flame-Throated Bulbul, has been unveiled as the official mascot for the Goa 2020 National Games in Panaji, Goa.

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