Current Affairs – February, 2019

Latest Current Affairs February, 2019 with Current Affairs, news summary on current events of National and International importance of February, 2019 for Banking, SSC, CLAT, UPSC, State PCS, IBPS, Railways and other Competitive Examinations.

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India South Korea sign 7 Agreements to step-up cooperation

During the visit of Prime Minister Narendra Modi to South Korea seven agreements were signed to boost up the cooperation. The agreements signed include:

  • MoU was signed between the Korean National Police Agency and the Ministry of Home Affairs to enhance cooperation between the law enforcement agencies of the two countries and combat trans-border and international crimes.
  • A joint agreement was signed for releasing a joint stamp, commemorating Princess Suriratna (Queen Hur Hwang-ok), a legendary Princess of Ayodhya, who went to Korea in AD 48 and married King Kim-Suro.
  • An agreement was signed to continue operations of Korea Plus organisation that facilitates investments by Korean companies in India. Korea Plus operationalised in June 2016 comprises representatives from the Ministry of Industry, Trade and Energy of South Korea, Korea Trade-Investment and Promotion Agency (KOTRA) and Invest India.
  • An agreement to promote collaboration among start-ups and set up a Korea Start-up Centre (KSC) in India to commercialise ideas, technologies and designs of start-up companies.
  • An agreement between the Korean Broadcasting System (KBS) and Prasar Bharti to facilitate the broadcast of DD India Channel in South Korea and KBS World Channel in India.
  • An agreement on fisheries and aquaculture for strengthening cooperation by encouraging exchanges, organising training workshops and development and utilisation of marine science and technology in the fields of fisheries and aquaculture.
  • An agreement between the National Highways Authority of India and Korea Expressway Corporation to promote bilateral cooperation in road and transport infrastructure development projects of India, and facilitate technical and institutional knowledge exchange in the field of road and transport.

This was the second visit of Prime Minister Modi to the Republic of Korea since 2015 and it was a second summit meeting with the South Korean president.

Minister of Textiles inaugurates two Silk Projects in Assam

The Minister of Textiles, Smriti Irani inaugurated two silk projects Soil to Silk Project and Eri Spun Silk Mill in Assam.

Soil to Silk Project

  • The project envisages new Eri plantation on 100 hectares and will facilitate post cocoon activities for an on-farm sector like plantation, spinning and reeling.
  • It would generate direct employment for 15,600 people during the project period and 7,000 persons per year when the project attains full capacity.
  • Under the project, the Central Silk board will also work towards rejuvenation of 600 hectares of existing Eri farms and provide handlooms and work sheds to 2500 weavers which in turn will provide important linkages for self-sustenance of the production activities.

Eri Spun Silk Mill

  • The Eri Spun Silk Mill project will be implemented directly by the state government in co-coordination with the Central Silk Board.
  • The expected turnover from this project during the first year is around Rs 10 crore with a net profit of Rs three crore.
  • The project would generate direct employment for 107 persons throughout the year and will provide indirect employment to around another 1,500 Eri farmers through backward linkage and to around 730 weavers through the forward linkage.

On the occasion, the Minister also mentioned the Eri Silk Development Project, which has been dedicated for sustainable livelihood for women of Bodoland Territorial Council through tapioca plantation at Kokrajhar.

The Eri Silk Development Project aims to utilize tapioca plantation for dual purpose i.e. the tuber for food and the leaves for Eri silkworm. The project aids the tribal families below poverty line to utilise the available natural resources to the best advantage of the Eri silkworm rearing and weaving sector.

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