Daily Current Affairs 27th February 2024

Daily Current Affairs 27th February 2024: Your guide for daily General Knowledge Preparation

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This post contains important current affairs of 27th February2024. It includes all Major National, International, Business and Sports related current affairs of 27th 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 27th February2024 Current affairs test.

National News

Prime Minister Narendra Modi has officially launched and laid the foundation stones for significant railway and road infrastructure projects. 

• These initiatives encompass railway modernization, road overpasses, and underpasses, with the primary goal of improving connectivity, safety, and efficiency. 
• The focus is on enhancing station facilities through the implementation of modern infrastructure, ultimately enhancing the overall passenger experience. 
• The extensive project involves the redevelopment of 553 railway stations across 27 states and union territories, with an estimated investment exceeding Rs 19,000 crore.

India has unveiled its largest solar-battery project in Rajnandgaon, Chhattisgarh, commissioned by the Solar Energy Corporation of India (SECI). 

• This pioneering project integrates solar and battery energy storage on a large scale, addressing peak energy demand by storing solar energy during the day and releasing it in the evening. 
• The initiative aims to ensure grid stability and reliability, marking a significant leap in renewable energy generation and utilization in the country.

International News

Algeria celebrated the grand opening of Djamaa El-Djazair, acclaimed as Africa’s largest mosque and the world’s third-largest mosque. 

• This architectural marvel features the tallest minaret globally, standing at 265 meters, and has the capacity to accommodate 120,000 worshippers. 
• The inauguration of this monumental structure signifies a significant moment for Algeria.

State News

Prime Minister Narendra Modi laid the foundation stone for Sikkim’s first railway station in Rangpo, marking a historic moment for the state. 

• The design of the Rangpo railway station reflects local culture, heritage, and architecture. 
• As part of a larger initiative to revolutionize rail infrastructure nationwide, over 2,000 projects valued at approximately Rs 41,000 crore aim to foster connectivity and economic development.

The Adani Group has inaugurated South Asia’s largest Ammunition and Missiles Complex in Kanpur, Uttar Pradesh. 

• The complex, owned by Adani Defence, is the first phase of the state’s defense corridor and is dedicated to the brave warriors of the Balakot strike. 
• It is anticipated to generate around 4,000 jobs, with a significant multiplier effect benefiting MSMEs and the local ecosystem.

Defence Minister Rajnath Singh has approved a Financial Incentive Scheme for Armed Forces personnel excelling in the 19th Asian Games and 4th Asian Para Games held in Hangzhou, China, during September-October 2023. 

• The scheme offers cash rewards to medal winners, with Gold, Silver, and Bronze medalists receiving Rs 25 lakh, Rs 15 lakh, and Rs 10 lakh each, respectively, aiming to recognize and motivate athletes for the Paris Olympics Games 2024.

Economy News

NITI Aayog CEO B V R Subrahmanyam highlighted findings from the latest NSSO consumer expenditure survey, indicating a significant reduction in poverty levels to below 5% in India. 

• The survey reflects growing prosperity in both rural and urban areas, with per capita monthly household expenditure more than doubling in 2022-23 compared to 2011-12. 
• The gap between urban and rural consumption has also decreased from 84% in 2011-12 to 71% in 2022-23.

Banking News

Vijay Shekhar Sharma, Founder and CEO of Paytm, has stepped down from his role as part-time non-executive chairman and board member of Paytm Payments Bank. 

• This move is part of a restructuring in response to regulatory concerns and a directive from the Reserve Bank of India (RBI) to wind down operations by March 15. 
• Vijay Shekhar Sharma holds a 51% stake in Paytm Payments Bank, with One97 Communications owning the remaining stake.

Awards News

2023 GD Birla Award for Scientific Excellence

• Dr. Aditi Sen De, a distinguished physicist from the Harish Chandra Research Institute in Prayagraj, has received the 2023 GD Birla Award for Scientific Excellence. 
• Her groundbreaking contributions to quantum technologies mark a significant milestone in scientific research, making her the first woman recipient of the prestigious award.

Appointments News

The first woman Chief Minister of Punjab province

• Maryam Nawaz, daughter of Pakistan’s former Prime Minister Nawaz Sharif, and a senior leader of the Pakistan Muslim League-Nawaz (PML-N) party, has become the first woman Chief Minister of Punjab province. 
• Despite facing challenges, she secured victory in the chief ministerial elections, marking a significant political triumph in Punjab.

Science & Technology News

NVIDIA and the Indian Government 

• NVIDIA and the Indian Government have joined forces for Sovereign AI, a partnership announced by Minister Rajeev Chandrasekhar. 
• This initiative, as envisioned by NVIDIA’s CEO Jensen Huang, signifies a shift in power dynamics, granting nations autonomy in generative AI beyond mere algorithmic capabilities.

Obituaries News

Shafiqur Rahman Barq, India’s oldest MP and Samajwadi Party leader, died at the age of 94. 

• A significant presence in Indian politics, he served multiple terms as an MP in the Lok Sabha, representing constituencies like Moradabad and Sambhal.