Current Affairs Update | 26 January 2019

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Happy Republic Day to everyone! Here is the current affairs update for 26th January 2019.

Current Affairs Update 26th January 2019

“World Economic Situation and Prospects 2019” discusses challenges in attaining SDGs

The United Nations report “World Economic Situation and Prospects 2019” discusses various challenges in attaining the Sustainable Development Goals. According to the report, economic growth is uneven and is failing to reach where it is most needed. Per capita incomes would stagnate or grow only marginally in 2019 in several parts of Africa, Western Asia, Latin America and the Caribbean. Even where the per capita growth is strong, economic activity is driven by core industrial and urban regions, leaving peripheral and rural areas behind. The report notes that eradicating poverty by 2030 will require both double-digit growth in Africa and steep reductions in income inequality which seems a distant possibility in the current scenario.

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SBI Ecowrap Report recommends Unconditional Cash Transfer to farmers

The SBI Ecowrap Report recommends the government to opt for the Unconditional Cash Transfer to farmers to alleviate agrarian distress rather than the Universal Basic Income (UBI) scheme. Currently, it is not feasible to implement Rythu Bandhu Scheme (which is an investment support scheme by the government of Telangana to support the livelihood of farmers) at the national level because the land data is yet to be digitized in several states including Jharkhand, Bihar, Gujarat, and Tamil Nadu. Hence, the Unconditional Cash Transfer Scheme is the best available option as it will be more equitable (on a per farmer basis) with a meaningful impact and once the problems are ironed out in terms of proper tenancy laws, then it can be made conditional.

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Nitin Gadkari inaugurates a bridge over river Ravi in Kathua

Union Minister for Road Transport & Highways, Shipping- Nitin Gadkari, inaugurated a 1210-meter span-bridge over the river Ravi in the Kathua district of Jammu and Kashmir. The bridge over river Ravi at Keerian- Gandial is a lifesaver for the people in the region. The bridge constructed at a cost of Rs 158.84 crore is a step forward in improving inter-state connectivity. The bridge will be of great help to 2,20,000 people living on the two sides- Kathua in Jammu and Pathankot in Punjab. This will save both time and cost by reducing the distance between the two places, Keerian – Gandial from 45 kms to 8.6 kms.

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This was the current affairs update for 26 January 2019. We hope that you found this article for your preparation. Now, let us take a look at the exam roundup

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