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Tuesday, January 14, 2020

Prelims booster(Micro notes), current affairs with static portions - 14 January,2020

Integrated Road Accident Database (IRAD)
  • Developed by the Indian Institute of Technology-Madras (IIT-M).
  • It will be implemented by the National Informatics Centre
  • The IRAD mobile application will enable police personnel to enter details about a road accident, along with photos and videos, following which a unique ID will be created for the incident.
  • The system will be first piloted in the six States with highest fatalities from road crashes — Karnataka, Madhya Pradesh, Maharashtra, Rajasthan, Tamil Nadu and Uttar Pradesh.
  • The project costs ₹258 crore and is being supported by the World Bank.
Retail inflation

  • Retail inflation ascended to a five and a half year high of 7.35% .
  • Released by the National Statistical Office .
  • the The Consumer Price Index (CPI)is one of the most frequently used statistics for identifying periods of inflation or deflation.
  • CPI is a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food and medical care. It is calculated by taking price changes for each item in the predetermined basket of goods and averaging them.

  • Hormuz peace initiative
    Hormuz peace initiative
    • The meeting of Hormuz Peace Initiative was recently held in Iran.
    • It aims to stabilise the Strait of Hormuz, the gateway for a significant amount of global oil supplies.
    • Two-thirds of the oil and half the liquefied natural gas India imports come through the strait between Iran and Oman.
    5th Raisina Dialogue
    • Held in New Delhi.
    • This is an annual geo-political event, organised by the Ministry of External Affairs and Observer Research Foundation (ORF).
    • It is designed to explore prospects and opportunities for Asian integration as well as Asia’s integration with the larger world and India’s vital role in the Indian Ocean Region and how India along with its partners can build a stable regional and world order.
    • More than 700 international participants, including 80 from African countries, are attending the meet.
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