Daily current affairs 1st March

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Sidimania

Date

March 1, 2022

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# Ukraine invasion

  • A resolution has been moved in United Nations General Assembly to condemn Russia’s attack on Ukraine.
  • Meanwhile, Belarus has decided to reverse its non-nuclear status, which means that now Russia can station its nuclear arsenal in Belarus also.
  • India is widely expected to also abstain from the resolution at UNGA.
  • The first round of Ukraine-Russia talks held at Belarus – Ukraine border concluded with no immediate agreements.
  • Prime minister Narendra Modi, after a third high level meeting on the Ukraine crisis, decided to despatch four ministers to countries bordering Ukraine to help better co-ordinate the evacuation of Indian Nationals from the war torn country.

# GDP growth

  • India’s gross domestic product is estimated to grow at 8.9℅ in 2021-22 instead of the 9.2% estimated earlier.
  • The year on year growth during October to December slipped to 5.4% from 8.5% in the previous quarter.
  • India’s output from all eight core infrastructure sectors surpassed pre pandemic levels this January.

# European Union

  • Ukraine on Monday applied to join the European Union.
  • Meanwhile, Russian forces have seized two South eastern Ukrainian cities.
  • Capital kiev is still in the control of Ukraine, which is being surrounded by Russian forces.

# Fiscal deficit

  • The centre’s fiscal deficit at end January worked out at 58.9% of the annual budget target for FY 22.
  • A year earlier, the fiscal deficit was 66.8% of the revised estimates of FY 21.

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