16 February 2024 Current Affairs in English

16 February 2024 Current Affairs

16 February 2024 Current Affairs refers to the latest news and events happening worldwide and are relevant to our daily lives. Staying updated with the 16 February 2024 Current Affairs is essential for students who are preparing for exams, especially competitive exams, as it forms an important part of the syllabus. The importance of the 16 February 2024 Current Affairs lies in its ability to help students enhance their general knowledge, improve their reading and comprehension skills, and develop their critical thinking abilities.

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16 Feb 2024 Daily Current Affairs

16 February 2024 Current Affairs also provides students with insights into issues such as politics, economics, and social issues that are important for their overall development as informed citizens. Regularly reading and analyzing the 16 February 2024 Current Affairs not only helps students ace their exams but also prepares them for their future roles as responsible and well-informed citizens of society.

The first-ever Digital India Future SKILLS Summit inaugurated in Guwahati alongside leaders from Industry & academia

The Ministry of Electronics and Information Technology (MeitY), in collaboration with the National Institute of Electronics and IT (NIELIT), is set to host the Future Skills Summit in Guwahati.

The Summit aims to bring together young Indians, thought leaders, industry experts, policymakers, educators, and technology enthusiasts to discuss strategies.

City Union Bank wins IBA’s Banking Technology Award

City Union Bank (CUB) has won seven awards in various categories in the recently concluded ‘19th Banking Technology Conference, Expo & Citations 2023’ by the Indian Banks Association (IBA) in Mumbai.

The awards aim to recognize the best technology providers in the banking industry and instill competition to demonstrate their state-of-the-art innovative products.

India, Nepal sign pact to link UPI, NPI for faster remittances

Reserve Bank of India (RBI) and Nepal Rastra Bank (NRB) signed and exchanged Terms of Reference (ToR) to integrate fast payment systems of India and Nepal through the Unified Payments Interface (UPI) of India and the National Payments Interface (NPI) of Nepal, respectively.

The integration is aimed at facilitating cross-border remittances between India and Nepal by enabling users of the two systems to make instant, low-cost fund transfers.

Multipurpose Octocopter: Army Havildar honored for designing an innovative drone

An Indian Army Havildar has been awarded the Vishisht Seva Medal by President Droupadi Murmu for designing an innovative drone called ‘Multipurpose Octocopter’, which can not only undertake surveillance operations but can also be used for other tasks like dropping munitions, aerial engagement of targets and logistics operations.

The ‘Multipurpose Octocopter’, designed by Havildar Singh, can undertake surveillance operations by providing live-camera feed to the operator. It can be used to drop essential supplies to forward posts, including in high-altitude areas.

The octocopter has been equipped with a platform for firing assault rifles and dropping grenades onto enemy targets.

MoD’s procurement on Government e-Marketplace (GeM) crosses Rs 1 Lakh Crore milestone

The Ministry of Defence (MoD) achieved a significant milestone by becoming the only ministry to cross the figure of Rs 1 lakh crore Gross Merchandise Value (GMV) of procurement through the Government e-Marketplace (GeM) since its inception in 2016.

GeM is an online platform for public procurement in India envisaged by Prime Minister Shri Narendra Modi.

This initiative was launched on August 9, 2016, by the Ministry of Commerce and Industry to create an inclusive, efficient, and transparent platform for buyers and sellers to carry out procurement activities fairly and competitively.

SBI Capital Market names Virendra Bansal as MD & CEO

SBI Capital Markets (SBICAPS), the wholly-owned subsidiary and investment banking arm of the State Bank of India (SBI), named Virendra Bansal as its new Managing Director and Chief Executive Officer.

Before he was appointed CEO of SBICAPS, Bansal was the Country Head for SBI’s US Operations, which included offices in New York, Chicago, Los Angeles, and Sao Paul.

The 16th conference of World Social Forum 2024 commences in Kathmandu

The 16th conference of the World Social Forum (WSF) 2024 commenced in Kathmandu.

The five-day WSF 2024 under the “Another World is Possible” banner aims to open horizontal exchange among civil society organizations, social movements, trade unions, and individuals opposing neoliberal globalization.

India’s 1st helicopter emergency medical service to start from Uttarakhand

India’s first Helicopter Emergency Medical Service (HEMS) will be started from Uttarakhand.

All Indian Institute of Medical Science in Rishikesh from where it can be sent anywhere within a radius area of 150 km to airlift the people to the hospital.

PayU partners with NPCI to enable digital payments via Credit Line on UPI

PayU, a payments service provider, has partnered with the National Payments Corporation of India (NPCI) to enable PayU merchants to accept digital payments via credit lines.

In a statement, the business stated that it expects a big increase in digital payments from credit, with over 380 million UPI users receiving access to credit lines.

IIT Jammu Professor Develops Sound-Based Anti-Drone System at Rs. 4 Lakh

In Jammu and Kashmir, a professor in the Electrical Engineering Department of IIT Jammu, Dr. Karan Nathwani has developed an anti-drone.

The drone system is not only cost-effective but also user-friendly, making it accessible to the general public.
The system is easy to operate, and there are no issues with cameras or radar.
It was designed considering various challenges.

Nikhil Joshi appointed new managing director of Boeing Defence India

Boeing, the US-based aerospace company, has appointed Nikhil Joshi as the managing director of Boeing Defence India (BDI) as part of its strategy to strengthen operations and accelerate growth in India.

Joshi, with over 25 years of aerospace and defense industry experience, including service with the Indian armed forces, will lead current and future programs for BDI.

Germany overtakes Japan as Third Largest Economy

Once forecast to become the world’s biggest economy, Japan slipped below Germany last year to fourth place, official data showed, although India is projected to leapfrog both later this decade.

Despite growing 1.9 percent, Japan’s nominal 2023 gross domestic product in dollar terms was $4.2 trillion, government data showed, compared with $4.5 trillion for Germany.

Tata Steel signs MoU with IIT Bhubaneswar to foster innovation

Tata Steel signed a Memorandum of Understanding (MOU) with IIT Bhubaneswar Research and Entrepreneurship Park (IIT Bhubaneswar REP) to foster innovation, research, and entrepreneurship in projects of mutual interest.

Under the MOU, Tata Steel and IIT Bhubaneswar REP, a company promoted by IIT Bhubaneswar, have joined hands to explore collaboration in different areas including materials processing and modeling, energy and environment, and low carbon steel production and circular economy.

Haryana CM Khattar launches ‘Van Mitra’ scheme to encourage participation in tree planting

Haryana Chief Minister Manohar Lal Khattar launched the ‘Van Mitra’ scheme and its portal to encourage community participation in tree planting activities in non-forest areas.

The members of families with an annual income of less than Rs 1.80 lakh can register to become ‘Van Mitras’.

PM Modi lays foundation stone for NLC India’s solar power plant in Rajasthan

Prime Minister Narendra Modi on Friday laid the foundation stone for NLC India Ltd’s 300-MW solar power project in Barsingsar, Rajasthan.

The prime minister also laid the foundation stone of other solar projects in the state.

The total cost of NLC India’s solar project is estimated at Rs 1,756 crore and it is scheduled to be commissioned in September.

NLC India is a Navratna company under the Coal Ministry.

Anurag Thakur hands over Chess Olympiad Torch to Budapest

Sports minister Anurag Thakur handed over the Chess Olympiad Torch to Budapest, the Hungarian capital, which will host the 45th edition of the prestigious tournament this year.

The tradition of organizing the torch relay was first initiated by India in June 2022 ahead of the 44th edition of the Chess Olympiad in Chennai in July-August.

Shubham Mittal

Shubham Mittal is a renowned current affairs writer and expert in government exam preparation, inspiring readers with insightful articles and guiding aspirants with his expertise.

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