1 February 2020: PIB Summary & Analysis

Read the daily PIB update and stay up-to-date on current affairs for the UPSC exam.

February 1st, 2020 PIB:- Download PDF Here

TABLE OF CONTENTS

1. Summary of Union Budget 2020-21
2. DefExpo 2020
3. 34th Surajkund International Crafts Mela

1. Summary of Union Budget 2020-21

Context

Presenting the Union Budget, Finance Minister, unveiled a series of far-reaching reforms, aimed at energizing the Indian economy through a combination of short-term, medium-term, and long term measures.

Highlights of the budget

Click here to read about the Union Budget 2020-21


2. DefExpo 2020

Context

A wide range of strategic and tactical weapon systems, defence equipment and technologies developed by Defence Research and Development Organisation (DRDO) will be on display at the DefExpo 2020.

DefExpo 2020:

  • The 11th biennial edition of DefExpo India-2020 is scheduled to be held in Uttar Pradesh’s capital Lucknow.
  • The main theme of the DefExpo India-2020 will be ‘India: The Emerging Defence Manufacturing Hub’.
  • Focus will be on “Digital transformation of defence”.
  • The previous two editions of the biennial DefExpo were held in Chennai and Goa.

Significance of DefExpo 2020:

The DefExpo will provide an opportunity to the major foreign Original Equipment Manufacturers (OEMs) to collaborate with the Indian defence industry and help promote ‘Make in India‘ initiative.


3. 34th Surajkund International Crafts Mela

Context

The President of India, inaugurated the 34th Surajkund International Crafts Mela in Surajkund, Haryana.

About Mela

  • Every year from 1–15 February, a colorful traditional craft festival of India is held in the precincts of Surajkund.
  • This fair was first started in 1987
  • Traditional craftsmen (artists, painters, weavers and sculptors) from all parts of the country participate in this annual celebration named as the “Surajkund Crafts Mela” or “Surajkund designer’s Village”
  • Surajkund Mela provides ordinary craftsmen and artisans real recognition and value for their skills. It also provides them an excellent opportunity to display and sell their products directly to customers.
  • The Surajkund Mela has saved India’s various remarkable craft traditions from extinction. For many craftsmen, artisans and weavers, this fair is major source of their annual income.

February 1st, 2020 PIB:- Download PDF Here

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