current affairs, daily news, february news

1. 1 | P a g e
A freelance service from Koushik Sur For more details please log on to koushik-sur.blogspot.in
Daily GK Update - 27th February 2015
1. Economic Survey 2015: Highlights
i. The Economic Survey, prepared by the finance ministry's chief economic adviser Arvind Subramanian, was tabled in
the Lok Sabha.
ii. India’s economic survey pegged growth at more than 8 per cent for the next fiscal and said inflation was now
declining, while also setting the agenda for reforms needed to further drive the expansion, prune wasteful expenditure
and promote productive investment.
Following are the highlights of the survey:
 Double digit economic growth trajectory now a possibility
 Government will adhere to fiscal deficit target of 4.1% of GDP in 2014-15
 Economic Survey says estimates current account deficit to fall to 1 pct of GDP in coming fiscal year
 Average WPI inflation declines to 3.4% in 2014-15 (April-December) against 6% previous year
 Need to improve productivity in the agricultural sector to ensure food security
 Post Office can be linked with AADHAR based benefits transfer architecture to allow linkage to AADHAR
accounts
2. Kshatrapati Shivaji to be new CMD of SIDBI
i. Kshatrapati Shivaji, a 1986 batch IAS officer, has taken over as the Chairman and Managing Director of Small
Industries Development Bank of India (SIDBI).
ii. Shivaji has been appointed on deputation basis for a period of three years from the date of his taking over the
charge, a Finance Ministry release said.
iii. Shivaji is currently Principal Secretary (Expenditure), Finance Department in Maharashtra government.
3. Clemson University honoured Ratan Tata with Doctorate of Automotive Engineering

2. 2 | P a g e
A freelance service from Koushik Sur For more details please log on to koushik-sur.blogspot.in
i. Ratan Tata was honoured an honorary Doctorate of Automotive Engineering by the Clemson University at the South
Carolina Automotive Summit.
ii. He was awarded for his contributions to the global automotive industry.
iii. Ratan Tata is the ex-chairman of the Tata Group. He was named Chairman of Tata Industries In 1981, where he
was responsible for transforming it into a group strategy think tank and a promoter of new ventures in high technology
businesses.
iv. Ratan Tata serves on the board of directors of Alcoa and Mondelez.
4. Zoological Society of London enters in Asiatic lion Conservation
i. Zoological Society of London (ZSL) and Gujarat Forest Department have inked a memorandum of understanding
(MoU) for conversation of Asiatic lion and its habitat.
ii. The forest officials said that the ZSL which has expertise in managing the zoo will provide its technical assistance to
the state not only to manage its rescue and treatment centres but also to manage the Sakarbaugh Zoo.
iii. Apart from the zoo expertise, the ZSL will provide expertise in managing the landscape and the habitat of the area
and also training the staff in handling rescue.
5. Gopinath Pillai appointed as Special Envoy to Andhra Pradesh by Singapore government
i. Singapore government appointed Gopinath Pillai as its special envoy to Andhra Pradesh. Pillai, a senior policy
strategist, was appointed to speed up construction of new capital in the state.
ii. Pillai’s appointment as special envoy to Andhra Pradesh was announced by Singapore’s Minister for Foreign Affairs
and Law K. Shanmugam and Andhra Pradesh Chief Minister N Chandrababu Naidu at the secretariat in capital
Hyderabad.
iii. At the time of appointment, Pillai was working as a Chairman of a Singapore based think-tank, Institute of South
Asian Studies (ISAS), and an ambassador for city-state's government.
6. AB De Villiers hits fastest ODI 150 in South Africa World Cup win
i. AB de Villiers hit the fastest ever 150 in one-day internationals as South Africa condemned West Indies to a
crushing 257-run defeat in Sydney.
ii. De Villiers took 64 deliveries to reach 150, beating the previous best, set by Australia's Shane Watson, by 19 balls.
iii. He finished 162 not out from 66 balls as South Africa made 408-5, the second-highest total in World Cups.