Current Affairs – April 10, 2019

Here’s your daily summary of Current Affairs – April 10, 2019

National - Current Affairs - April 10, 2019

Govt meets the fiscal deficit target of 3.4% for FY’19

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The government has managed to meet the revised fiscal deficit target of 3.4% of the GDP after it cut last minute expenditure and rolled over fuel subsidies to make up for the shortfall in tax collection. The interim Budget presented in February revised upward the fiscal deficit target to 3.4% from 3.3% of GDP estimated earlier for 2018-19.


India to grow at 7.3% in 2019 and 7.5% in 2020: IMF

2c 6 - Current Affairs - April 10, 2019
India is projected to grow at 7.3% in 2019 and 7.5% in 2020, supported by the continued recovery of investment and robust consumption, thus remaining the fastest growing major economy of the world, according to the IMF. In 2018, India’s growth rate was 7.1%, as against China’s 6.6%. In 2019, the International Monetary Fund (IMF) projected a growth rate of 6.3% for China and 6.1% in 2020, according to the latest World Economic Outlook projections released ahead of the annual spring meetings of the International Monetary Fund and the World Bank.


DBS Bank India launches the first edition of Hack2hire in Bengaluru

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Through the initiative, it aims to hire over 100 of the brightest minds in emerging technologies such as Cloud Computing, AI, Machine Learning and Big Data. The programme will focus on the theme of ‘intelligent banking’. The initiative has received over 2500 applications to date. Hack2Hire Bengaluru will look to expand its scope and target to hire platform stability Engineers, Mobile App Developers, Full Stack Developers, PaaS DevOps, DevOps Engineers, QA Engineers, UI/UX Developers, Data analysts, and Scrum Masters.


Appointments 330 x 70 - Current Affairs - April 10, 2019

New MD & CEOs appointed for IOB and Canara Banks

9 - Current Affairs - April 10, 2019
According to the Department of Personnel and Training (DoPT), the Appointments Committee of the Cabinet (ACC) approved the appointments following proposals from the Department of Financial Services, under the Union Ministry of Finance. The list is as follows:
Karnam Sekar, MD, and CEO of the erstwhile Dena Bank will take over as MD and CEO of Indian Overseas Bank from July 1.
R.A. Sankara Narayanan, MD, and CEO, Vijaya Bank, as MD and CEO in Canara Bank with effect from “taking over charge of the post on or after April 1, 2019, till his superannuation.

Vikramjit Sing Sahney, SUN Group Chairman, elected as the President of ICC India

4c 6 - Current Affairs - April 10, 2019
SUN Group Chairman Vikramjit Singh Sahney on 8th April elected as the new president of the International Chamber of Commerce (ICC) – India. He said the chamber would work with the government to promote India’s external trade.


Sports - Current Affairs - April 10, 2019
Spain’s Garbine Muguruza claimed Monterrey Open title

5c 7 - Current Affairs - April 10, 2019
Spain’s Garbine Muguruza successfully defended her Monterrey Open title on Sunday when Victoria Azarenka retired injured from her first WTA singles final in three years. Second seed Muguruza was leading the match between the two former World No 1s 6-1, 3-1 when Azarenka decided she was unable to continue because of an injury to her right leg.


International - Current Affairs - April 10, 2019
World Homoeopathy Day: April 10

6c 7 - Current Affairs - April 10, 2019
World Homeopathy Day is being observed today to commemorate the birth anniversary of the founder of Homeopathy, Dr. Christian Fredrich Samuel Hahnemann. On the occasion, the Central Council for Research in Homeopathy, CCRH, is organizing a two-day convention in New Delhi. The council will take stock of the challenges faced and formulate future strategies for the development of Homeopathy in the country. The theme of the convention is linking research with education and clinical practice.


IMF cuts global growth estimate to 3.3%

7c 6 - Current Affairs - April 10, 2019
The International Monetary Fund (IMF) on 9th April cut its global growth forecast to the lowest level since the financial crisis, warning of significant downside risks to the world economy including trade tensions, pockets of political instability, mounting debt levels and increasing inequality. The IMF lowered its growth forecast for 2019 to 3.3 percent from the previous level of 3.5 percent in its latest World Economic Outlook (WEO).


Algeria’s parliament appoints close associate of Bouteflika as interim president, Protests Erupt

8c 7 - Current Affairs - April 10, 2019
Algeria’s parliament on 9th April appointed its upper house chairman Abdelkader Bensalah as interim president following the resignation of Abdelaziz Bouteflika after weeks of mass protests against his rule. Protesters, who are demanding sweeping democratic reforms, are opposed to figures like Bensalah, a close associate of Bouteflika and his inner circle who dominated Algeria for decades.
Capital: Algiers
Currency: Algerian dinar


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