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Daily Current Affairs 22nd February 2024: Your guide for daily General Knowledge Preparation

Dear Readers,

This post contains important current affairs of 22nd February2024. It includes all Major National, International, Business and Sports related current affairs of 22nd February2024. A brief explanation of every current affair is provided to further enhance your general knowledge. Once you have gone through these current affairs we would recommend to you to try 22nd February2024 Current affairs test.



National News

1. India Opens Up Space Industry to 100% Foreign Investment

  • In a landmark policy shift, India has opened its doors to allow foreign investors to fully own businesses in the space sector. This move aims to boost economic growth by attracting global investments and facilitating advancements in spacerelated industries, potentially leading to more job creation, higher foreign capital inflow, and increased earnings through liberalization in various spacerelated domains.

2. New Initiatives for the Disabled Worth Over Rs 100 Crore Launched

  • Dr. Virendra Kumar, the Minister for Social Justice and Empowerment, has digitally launched initiatives exceeding Rs 100 crore in value, targeting support for the disabled. Among these initiatives is a significant Vocational Training Centre in Cuttack, which covers an area of 4563 square meters. The center aims to provide vocational training in several areas, including LED and mobile hardware repairing, enhancing skill development and employability for the disabled community.

3. Prime Minister Inaugurates Advanced Facilities at IIT Hyderabad

  • Prime Minister Narendra Modi has inaugurated the Campus Development Project at IIT Hyderabad. This project introduces new facilities, including an International Guest House, a Convention Centre, and a Technology Incubation Park, funded with Rs 1089 Crore. These developments are intended to enrich both the academic and nonacademic aspects of life at the institute.


State News

4. Chhattisgarh Welcomes 211 PM SHRI Schools

  • In Raipur, the Union Minister of Education, Dharmendra Pradhan, along with the Chief Minister of Chhattisgarh, has inaugurated 211 PM SHRI schools. This initiative also features the introduction of a Digital Library for Kendriya Vidyalayas and Virtual Reality labs for Navodaya Vidyalayas, showcasing a step forward in integrating technology within the state’s educational sector.


Economy News

5. Morgan Stanley Adjusts India’s Economic Growth Forecast

  • Morgan Stanley Research has revised India’s GDP growth forecast, predicting a decrease to 6.5% in FY25 from a previously estimated 6.9% for FY24. Despite this adjustment, the outlook for India’s economy remains positive, with expectations of a rise in domestic demand and a stable macroeconomic environment.


Banking News

6. PayPal Aligns with India’s Financial Directives

  • Aligning with India’s financial regulations, PayPal has registered with the Financial Intelligence Unit of the country in compliance with the antimoney laundering law. This commitment involves the reporting of significant or suspicious financial transactions and the implementation of stringent customer verification processes, following a penalty for noncompliance issued in 2020.


Ranks & Reports News

7. India’s Cybersecurity Status

  • A report by Kaspersky in 2023 ranks India 80th globally in terms of cybercrime threats, with approximately 34% of users encountering local cybersecurity incidents. This highlights the prevalent cyber threats faced by Indian users.


Schemes News

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8. Expansion of the National Livelihood Mission

  • The National Livelihood Mission has expanded its offerings to include additional subsidies for individual and collective livestock projects. This expansion aims at preserving breeds and promoting economic activities related to horses, donkeys, mules, and camels.


Agreements News

9. Upgrading the Tejas Aircraft

  • An agreement has been reached through a Memorandum of Understanding (MoU) between the Aeronautical Development Agency and the Indian Air Force to upgrade the Light Combat Aircraft Tejas with advanced weapons and sensors, thereby enhancing India’s defense capabilities.


Sports News

10. Babar Azam Sets T20 Cricket Record

  • Babar Azam, the former captain of the Pakistan cricket team, has established a new record as the fastest batsman to reach 10,000 runs in T20 cricket. He achieved this milestone during a game in the Pakistan Super League, cementing his place among the elite batsmen in T20 cricket history.
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