Daily Current Affairs 1 February 2018: Your guide for daily General Knowledge Preparation

Dear Readers,

This post contains important current affairs of 1 February 2018. It includes all Major National, International, Business and Sports related current affairs of 1 February 2018. A brief explanation of every current affair is provided to further enhance your general knowledge. Once you have gone through these current affairs we would recommend to you to try 1 February 2018 Current affairs test.

National News

1. India to have world’s largest govt-funded health programme

  • FM Arun Jaitley has announced the world’s largest programme with Rs.5 lakh annual cover per family for 10 crore poor families.
  • The govt also allocated Rs.1200 cr for construction of 1.5 lakh new healthcare centres.

2. Indian Railways gets highest-ever capex fund

  • The govt has allotted Rs.1,48,528 crore for Indian Railways capital expenditure in the Budget 2018.
  • FM Arun Jaitley said that the govt plans to renew 36,000 km of rail tracks.

3. Govt projects fiscal deficit at 3.3% of GDP for 2018-19

  • The Finance Minister also revised the fiscal deficit estimate for the current financial year to 3.5% of GDP as against 3.2% earlier.
  • He added that govt has consistently worked to reduce the fiscal deficit since 2014.

International News

1. EU pledges Rs.330 cr to Palestine

  • This comes after the US withheld aid to a UN agency supporting Palestinian refugees.
  • It said the aid would help Palestinians establish their own state as part of the two-state solution.

2. Hong Kong approves ban on local ivory trading by 2021

  • The vote comes a month after China, the world’s largest importer and end user of elephant tusks, banned their sale.
  • Notably, ivory has been traded for more than 150 years in Hong Kong.

3. N Korea seriously boosted missile programme in 2017 : Russia

  • Russia’s ambassador to N Korea Aleksandr Matsegora said that Russia is closely monitoring the situation in N Korea and is aware of its capabilities.
  • He further said that the latest models of missiles were likely designed by N Korea itself.

Business News

1. Mobiles get expensive with Budget 2018

  • In electronics, mobile phones, television sets, smart watches and other wearable devices have become more expensive.
  • In precious metals, both gold and silver have become costlier.

2. NITI Aayog to set up national AI programme

  • He said that the funds allocated to the Digital India programme were doubled to Rs.3073 cr.
  • The Department of Science will launch a national programme for research in cyberspace.

3. Tax rate for firms with up to Rs.250 cr turnover reduced to 25%

  • The tax will be reduced to 25% from the present 30%.
  • Finance Minister further proposed 10% Long Term Capital Gain tax on equity gains of above Rs.1 lakh.

Sports News
1. PM Modi launches first ‘Khelo India’ school games

  • Talented players identified by a govt committee at the games will be provided with an annual assistance of Rs.5 lakh for 8 years.
  • 199 gold, 199 silver and 275 bronze medals will be awarded at the week-long games.

2. Pak awarded 3rd place in U-19 WC

  • Pak was awarded 3rd place after their playoff against Afghanistan.
  • The U-19 WC’s final will be played between India and Australia.

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