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Daily Current Affairs 23rd February 2024: Your guide for daily General Knowledge Preparation

Dear Readers,

This post contains important current affairs of 23rd February2024. It includes all Major National, International, Business and Sports related current affairs of 23rd 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 23rd February2024 Current affairs test.

National News

Mineral Production Increase

  • India’s mineral production saw a 5.1% increase in December 2023 compared to December 2022, as reported by the Ministry of Mines. 
  • This improvement is evidenced by the index of mineral production reaching 139.4. 

Specific Outputs

  •  The production figures for key minerals were: coal (929 million tonnes), lignite (40 million tonnes), iron ore (255 million tonnes), and limestone (372 million tonnes), with notable increases in lignite, limestone, coal, bauxite, and natural gas production.

Banking News

HSBC’s Profit Hub

  • India has surpassed China as HSBC’s third-largest source of profits, with a 25% increase in profits for the fiscal year ending December 2023, reaching $1.5 billion.

Economy News

GDP Growth Forecast

  • India Ratings and Research predicts a GDP growth rate of 6.5% for the fiscal year 2024-25, slightly below the Reserve Bank of India’s (RBI) estimate of 7%.

 Economic Recovery Indicators

  • The forecast is based on positive signs such as continued government infrastructure spending, strong corporate earnings, and falling global commodity prices.

PMI Increase

  •  The Flash Purchasing Managers’ Index (PMI) for India hit a seven-month high of 61.5 in February, indicating robust activity in manufacturing and services sectors.
  •  The Composite PMI increased slightly from January, despite a halt in new job creation after 20 months of continuous hiring.

Schemes News

Swayam Scheme

  •  Launched by the Odisha government, this scheme aims to promote entrepreneurship among the youth by providing interest-free loans up to Rs. 1 lakh.

Women Safety Scheme Extension

  • The Indian government has extended its women safety scheme until 2025-26 with a budget of Rs 1,179.72 crore, aiming to address and reduce crimes against women.

Health Initiative for Tribal Students

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  • A joint initiative by the Ministry of AYUSH and the Ministry of Tribal Affairs aims to improve the health of tribal students through Ayurvedic interventions, targeting malnutrition, iron deficiency anemia, and sickle cell disease.

Agreements News

ADB Loan for Fintech in Gujarat

  • A $23 million loan from the Asian Development Bank aims to support fintech education, research, and innovation in the Gujarat International Finance Tec-City (GIFT).

IRCTC and Swiggy Partnership

  •  This collaboration aims to offer pre-ordered meal deliveries to train passengers, initially available at four major stations.

Renewable Energy Initiative at Bangalore Airport

  • A 25-year partnership between CleanMax and Bangalore International Airport aims to implement a 45.9 MW solar-wind captive power project for sustainable energy.

Science & Technology News

Commercial Moon Landing

  • The Odysseus spacecraft, managed by Intuitive Machines, achieved the first commercial soft landing on the moon, marking a significant advancement in private sector space exploration.

Obituaries News

Passing of Manohar Joshi

  •  Former Lok Sabha Speaker and Maharashtra Chief Minister, Manohar Joshi, passed away at 86, leaving behind a legacy of significant political contributions.
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