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Daily Current Affairs Answer & Explanation : 13 Feb 2020
Finance Minister Shrimati Nirmala Sithraman presented the Budget 2020 on 1 February 2020. The Budget focuses on three prominent themes “Aspirational India, Economic Development for All and A Caring Society”.
On 6th February it was announced it will create a platform to assess the penetration of different kinds of digital payment methods in rural, urban and semi-urban areas by launching the Digital Payment Index.
It will be made available from July this year and will also help understand the effects of policy decisions made by the RBI.
S. Department of State has approved the potential sale of a $1.867 billion Integrated Air Defence Weapon System (IADWS) to India.
The Integrated Air Defence Weapon System, also known as the National Advanced Surface to Air Missile System (NASAMS), provides integrated air missile defence.
The IADWS system includes radar, launchers, targeting, and guidance systems, advanced medium-range air-to-air missile (AMRAAM) and Stinger missiles, and related equipment and support.
Answer : c
Marginal Cost of funds based Lending rate (MCLR) The marginal cost of funds based lending rate (MCLR) refers to the minimum interest rate of a bank below which it cannot lend, except in some cases allowed by the RBI.
It is an internal benchmark or reference rate for the bank”.
Answer : b
India has bought the Ka 226 T light helicopter from Russia.
The Kamov Ka-226 is a small, twin-engine Russian utility helicopter.