Daily Current Affairs 28 February 2018

Daily Current Affairs 28 February 2018: Your guide for daily General Knowledge Preparation

Dear Readers,

This post contains important current affairs of 28 February 2018. It includes all Major National, International, Business and Sports related current affairs of 28 February 2018. 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 28February 2018 Current affairs test.

National News

1.‘India 2018’ book released by Smriti Irani.

Smriti Irani, Information and Broadcasting Minister, released ‘India 2018’ and ‘Bharat 2018’(Hindi version). The books are available in both the prints and online versions.
The book has entered into its 62nd year of publication.

2.Mantras coded laws of motion before Newton: MoS HRD.

Satyapal Singh, Minister of State for Human Resource Development, in a recent education policymaking meeting said that there were mantras which codified ‘laws of motion’ much before it was discovered by Newton.
He also suggested that Vaastu compliance of educational buildings was important for learning.

3.Age not a criteria for granting bail.

The Bombay High Court rejected bail plea of a 76-year-old woman accused of killing her one-month-old grand-daughter saying that age cannot be a criterion for granting bail to the accused.
The court added, the manner and brutality of committing the crime is considered while granting the bail.

4.Indian startup ecosystem outpacing developed nations: IT Minister.

Ravi Shankar Prasad, IT Minister, has said, “India’s startup ecosystem may not be as old as that of some developed economies of the world, but we are steadily outpacing all of them”.
He highlighted, the Indian government is providing a favorable investment climate to ensure the startup movement’s success.

International News

1.Afghanistan offers to recognize Taliban as political group.

Ashraf Ghani, Afghanistan President, offered to recognize Taliban as a legitimate political group in order to end the 16-year-long war.
Ghani said, “We are making this offer without preconditions to lead to a peace agreement”.

2.US Supreme Courts rules immigrants can be held indefinitely.

The US Supreme Court ruled immigrants who face possible deportation can be detained indefinitely without receiving bond hearings, even if they entered the country legally or are seeking asylum.
It reversed a ruling by San Francisco-based 9th US Circuit Court of Appeals which has set six-month limit for detention without bond hearings for immigrants not risking national security.

3.Public transport free on high pollution days in Brussels.

Free public transport on days of excessive air pollution is provided under new emergency rules in Belgium’s capital Brussels.
Speed limits of cars would be reduced by a third and wood fires will be banned unless they are the only source of heating for households.

4.Major cities allowed to ban diesel cars in Germany.

Germany’s Federal Administrative Court ruled in favour of allowing major cities to ban diesel cars, in a move aimed at combating air pollution.
The campaign to impose strict measures against polluting vehicles gained strength after the Volkswagen emission scandal.

Business News
1.India’s 2018 GDP growth estimate unchanged at 7.6%:Moody’s.

Credit rating agency Moody’s has kept India’s GDP growth estimate unchanged at 7.6% for the calendar year 2018.
Moody’s said that Indian economy has started to recover from the “negative impact” of demonetization and disruption related to the rollout of the GST.

2.Online claims compulsory for PF withdrawals of over Rs.10 lakh.

It has made compulsory to file online claims for provident fund withdrawals of over Rs.10 lakh by the Employees’ Provident Fund Organisation(EPFO).
Notably, the EPFO recently lowered the interest rate from 8.65% to 8.55% for 2017-2018.

3.PNB shares tank 12% after fraud amount rises to $2 billion.

After the PNB Bank said that the Nirav Modi fraud amount could rise to $2 billion, shares of PNB plunged by over 12%.
PNB has lost around 40% of its market capitalization since the fraud was disclosed to the public.

4.Chinese man gets richer by $13 billion after moving firm from US to China.

Zhou Hongyi, founder of online security firm Qihoo, hasbecome $13 billion richer by relocating his company to China.
Qihoo 360 delisted from New York Stock Exchange in 2016 and merged with a Shanghai-listed shell company, which surged 550% since the plan was announced in Nov 2017.

Sports News
1.Roger Federer, Serena Williams win top Laureus awards.

20-times Grand Slam champion Roger Federer and 23-times Grand Slam champion Serena Williams won the Laureus Sportsman and Sportswoman of the Year awards respectively.
Federer was also awarded Comeback of the Year, making him the most decorated winner in Laureus’ history with six awards.

2.Team India, Proteas donate Rs.5.5 lakh for Cape Town water crisis.

Team India captain Virat Kohli and his Proteas counterpart Faf du Plessis have donated Rs.5.5 lakh to the Cape Town water Crisis on behalf of both the teams for drought relief efforts in Cape Town.
This comes days after Cape Town pushed back ‘Day Zero’ to July 9, the day the city is expected to run out of water.

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