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Daily Current Affairs Answer & Explanation : 5 Feb 2020
The “Find the Incredible You“ campaign of the Tourism Ministry, has won the Pacific Asia Travel Association (PATA) Gold Award, 2019.
About the Campaign:
The Campaign focuses on the promotion of niche tourism products of the Country on digital and social media.
It was part of the Incredible India Campaign of Ministry of Tourism.
It focuses on transformative experiences brought alive through unique storytelling in the format of autobiographies of travellers, with the tagline ‘Find the Incredible you’
The Deposit Insurance and Credit Guarantee Corporation (DICGC), a subsidiary of the RBI, gives insurance cover up to Rs one lakh deposits in banks. Banks will now insure deposits up to Rs 5 lakh per customer with the DICGC as per the Budget proposal.
The labour ministry has chalked out a plan to launch a new portal ‘Santusht’ for speedy redressal of worker as well as employer grievances and ensuring effective implementation of labour laws at the grassroot level.
‘Santusht’ – Implementation Monitoring Cell (IMC) has been constituted in the Office of Minister of State (Independent Charge) for Labour and Employment in January 2020.
The objective of ‘Santusht’ is to promote transparency, accountability, effective delivery of public services and implementation of policies, schemes of Ministry of Labour and Employment at grassroot level through constant monitoring.
Online portal under ‘Santusht’ for public grievances has not been started so far.
Answer : c
The Kala Ghoda Arts Festival (KGAF) is the India’s largest multi-cultural street festival.
It is held annually since 1999 in February in Mumbai.
It is organized by Kala Ghoda Association, which was formed in 1998 with the objective of maintaining and preserving the heritage and art district of South Mumbai.
Answer : a
Recently, there has been a demand to measure Indian economy on ‘Misery Index’.
The first misery index was created by Arthur Okun in 1960’s.
It was equal to the sum of inflation and unemployment rate figures, to provide a snapshot of the US economy.
The higher the index, the more is the misery felt by average citizens.
It has broadened in recent times to include other economic indicators, such as bank lending rates.
In recent times, variations of the original misery index have become popular as a means to gauge the overall health of the global economy.
A variation of the original misery index is the Bloomberg Misery Index, developed by the online publication.