Daily Current Affairs 25th February 2024: Your guide for daily General Knowledge Preparation
Dear Readers,
This post contains important current affairs of 25th February2024. It includes all Major National, International, Business and Sports related current affairs of 25th 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 25th February2024 Current affairs test.
BANKING & FINANCE
Pension Fund Regulatory and Development Authority Announces Amendments to Trustee Bank (TB) and Central Recordkeeping Agency (CRA) Regulations to Prioritise Subscriber Protection, Reduce Compliance Costs, and Improve Business Ease
- The Pension Fund Regulatory and Development Authority (PFRDA) has notified the Trustee Bank (TB) (Amendment) Regulations, 2023 and the Central Recordkeeping Agency (CRA) (Amendment) Regulations, 2023.
- The amendments to Trustee Bank (TB) Regulations simplify and strengthen the provisions related to the implementation of fraud prevention and mitigation policy, compensation to the subscriber, invitation of application for new registration and surrender of certificate of registration.
- Amendments to CRA Regulations simplify and strengthen the provisions related to the governance of CRA in line with the Companies Act, 2013, and enhanced disclosure of information by CRA.
- Implementation of fraud prevention and mitigation policy by CRA to protect the interest of subscribers.
- Inclusion of certificate by CEO in the annual report in respect of adequacy and effectiveness of internal controls, compliance and audit processes.
- Criteria of ‘fit and proper person’ has been introduced for CRA and its key personnel.
Japan Pledges ¥232.209 Billion Official Development Assistance Loan for 9 Projects Across Various Sectors in India
- The Japanese government has committed an Official Development Assistance (ODA) loan of 232.209 billion yen (about Rs 12,800 crore) for 9 projects across various sectors in India.
- The exchange of notes formalizing the loan commitment took place between Vikas Sheel, Additional Secretary, Department of Economic Affairs, Ministry of Finance, Government of India, and Mr. Suzuki Hiroshi, Ambassador of Japan to India.
PhonePe Introduces Indus Appstore to Compete with Google Play Store in India
- Walmart-backed Indian fintech PhonePe launched its app store for Android called Indus Appstore, becoming the first Indian rival to Google’s Play Store.
- PhonePe has informed us that no app listing fees will be charged for one year, until 1 April 2025, for developers.
- In first, the release mentioned, that developers can use any third-party payment gateway of their choice.
- Indus App Store allows Indian consumers to download over 2 lakh mobile apps and games, across 45 categories.
NATIONAL NEWS
Gujarat’s “Sudarshan Setu,” the nation’s longest cable-stayed bridge, was opened by Prime Minister Modi.
- Prime Minister Narendra Modi inaugurated India’s longest cable-stayed bridge, Sudarshan Setu, in Gujarat’s Devbhumi Dwarka district.
- On the second day of his Gujarat visit, PM Modi cut the ceremonial ribbon and dedicated the 4.77-km-long Sudarshan Setu, also known as Signature Bridge, to the nation.
- Constructed at Rs 978 crore, it connects Okha town in the Devbhumi Dwarka district with Bet Dwarka island in the Gulf of Kutch.
- After performing pooja at the Dwarkadhishji Mukhya Mandir, PM Modi took a stroll on the sea link and waved to fishermen and ferry-boat operators on board their boats.
INTERNATIONAL NEWS
India and Bangladesh collaborate for transboundary tiger conservation in Sunderbans
- A cross-border initiative, focused on harmonious coexistence with tigers in the Sunderbans, seeks to preserve biodiversity in both India and Bangladesh.
- The people-centric engagement took place at Joymoni, Bagerhat District, Bangladesh on February 4 to 8 , under the Integrated Tiger Habitat Conservation Program supported by IUCN (International Union for Conservation of Nature) and Germany’s KfW Development Bank.
- The WTI partnered with the Lokamata Rani Rashmoni Mission, Joynagar (West Bengal), and WildTeam, Bangladesh, on the initiative.
- The project has been on since 2018-19, and looks at mitigation – attending to tiger incidents, giving the tiger a safe passage back to the forest to prevent attacks on humans and retaliatory action on the tiger.
Philippines Makes History as First Asian Nation to Ratify International Labour Organisation Convention Addressing Workplace Violence and Harassment
- The Philippines has made history by becoming the first Asian country to ratify the Violence and Harassment Convention 2019 (No. 190) announced by the International Labour Organisation (ILO).
Malta Joins International Solar Alliance as 119th Member Country
- Malta has become the 119th country to join the International Solar Alliance (ISA).
- Christopher Cutajar, Permanent Secretary of the Maltese Ministry of Foreign Affairs, signed the ISA Framework Agreement.
- Note : In December 2023, Romania became the 118th signatory country to join ISA.
STATE NEWS
Uttarakhand Chief Minister Pushkar Singh Dhami Unveils ‘Himalayan Basket’ Initiative
- Uttarakhand Chief Minister (CM) Shri Pushkar Singh Dhami inaugurated the ‘Himalayan Basket’ initiative, introduced by local entrepreneurs Sumit and Sneha Thapliyal.
- Objective: The initiative, initiated in 2018, aims to enhance local employment opportunities by utilizing the abundant agricultural resources of the region.
BUSINESS NEWS
Indraprastha Gas to set up 19 CBG plants in multi-states
- Indraprastha Gas Ltd (IGL) plans to set up 19 plants to produce compressed biogas (CBG) that would feed into its city gas distribution network.
- IGL signed preliminary agreements with two technology partners for setting up compressed biogas plants in Delhi, Haryana, Rajasthan, and Uttar Pradesh.
- This partnership aims to produce 0.45 million metric standard cubic meters per day of biogas from waste, equivalent to approximately 5% of IGL’s daily gas requirements.
- The biogas projects will help municipal authorities get rid of municipal waste while helping farmers dispose of agricultural waste.
AWARDS AND HONOURS
Indira Gandhi, Nargis Dutt’s names dropped from National Film Awards categories
- The Ministry of Information & Broadcasting (I&B) has dropped the names of former Prime Minister Indira Gandhi and late actor Nargis Dutt from the National Film Awards.
- The ‘Indira Gandhi Award for Best Debut Film of a director’ will now be simply called ‘Best Debut Film of a Director’.
- Indira’s name became associated with the award during the 28th National Film Awards in 1980.
- Moreover, the ‘Nargis Dutt Award for Best Feature Film on National Integration’ has become the ‘Best Feature Film Promoting National, Social and Environmental Values’.
- Nargis’s name came to be associated with the National Film Awards in 1965, during the 13th edition of the awards, for best feature film category.
DEFENCE NEWS
India’s Largest Defence Equipment Exhibition, Defence Expo, Organized Near Pune at Moshi
- India’s largest defence equipment exhibition, Defence Expo, is being organized by the Industries Department of the Maharashtra government at the International Exhibition and Convention Center at Moshi near Pune.
- The exhibition will be inaugurated in the presence of Union Minister of State for Defence Ajay Bhatt and Chief Minister of Maharashtra Eknath Shinde.
SCIENCE & TECHNOLOGY
Odysseus Achieves Historic Milestone as 1st United States Spacecraft to Land on the Moon Since 1972
- After a gap of 52 years since the last successful Apollo mission, a U.S.-made spacecraft named Odysseus has successfully landed on the Moon.
- This event also signifies the arrival of private space companies on the lunar surface.
- Odysseus, a spacecraft built by Intuitive Machines, a 10-year-old company based in Houston, used a Falcon 9 rocket by SpaceX to take off from Earth on February 15.
- The spacecraft carried 6 NASA payloads to the Moon.
