17 February 2024 Current Affairs in English

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17 February 2024 Current Affairs

17 February 2024 Current Affairs refers to the latest news and events happening worldwide and are relevant to our daily lives. Staying updated with the 17 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 17 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.

Download August 2024 BOLT PDF (Current Affairs)

17 Feb 2024 Daily Current Affairs

17 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 17 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.

Global Tourism Resilience Day 2024

On 6 February 2023, to underline the importance of tourism resilience, the United Nations designated 17 February as the annual Global Tourism Resilience Day. GTRD aims to create greater consciousness about tourism resilience. The first GTRD was observed on 17 February 2023. It is also a call for action for Member States to develop national strategies to improve tourism

Ravichandran Ashwin joins elite 500 test wicket club, becomes 2nd Indian to do so

Indian off-spinner Ravichandran Ashwin claimed his 500th Test wicket in the first innings of the third Test match against England at the Niranjan Shah Stadium in Rajkot. The 37-year-old achieved this monumental feat in his 98th Test Match. Ashwin dismissed Zak Crawley on the second day to join Anil Kumble as the second Indian to take 500 wickets in Test history.

Ashwin is the ninth bowler in Test history to reach 500 wickets and Muttiah Muralitharan, Shane Warne, Anil Kumble, and Nathan Lyon are the only spinners who have taken more wickets than him in Test history. Ashwin joins fellow spinners Muttiah Muralitharan (Sri Lanka – 800), the late Shane Warne (Australia – 708), Kumble, and Nathan Lyon (Australia – 517) in the club.

IRDAI announces reconstitution of Expert Committee on implementation of Indian Accounting Standards

IRDAI announced the reconstitution of the Expert Committee on the implementation of the Indian Accounting Standards. According to an agency press release, the 13-member committee, which will be headed by the Member F&I of IRDAI, will also include the Chairman of the Accounting Standards Board of ICAI, and the President of the Institute of Actuaries of India amongst others.

It said that the committee will work on steps that may be taken towards the effective implementation of the Indian Accounting Standards, along with giving phase-wise timelines. It added that the panel members will also give recommendations on proforma financial statements and suggestions on financial disclosures in compliance with the Indian Accounting Standards.

According to RBI no further deposits, credit transactions, or top-ups shall be allowed in any customer accounts, after March 15

The Reserve Bank of India (RBI) extended the deadline for Paytm Payments Bank services to March 15, from the previous February 29. In a press release issued, the apex bank said that the decision was taken keeping given larger public interest including the merchants.

It clarified that the customers can make deposits, credit transactions, prepaid services, wallets, FASTags, and National Common Mobility Cards till March 15, 2024. The central bank added that it had put certain business restrictions on Paytm Payments Bank Ltd, operated by One97 Communications, in the exercise of its powers under Section 35A of the Banking Regulation Act, 1949.

India, Colombia sign MoU on Cooperation in the field of Sharing Successful Digital Solutions

India and Colombia have signed a Memorandum of Understanding on Cooperation in the field of Sharing Successful Digital Solutions Implemented at Population Scale for Digital Transformation. It was signed between the Ministry of Electronics and Information Technology and the Information Technologies and Communications of Colombia.

Paytm shifts nodal account to Axis Bank for seamless transactions

RBI Slaps ₹5.4 Crore Fine on Paytm Payments Bank

One97 Communications, which operates the brand Paytm, announced it has shifted its nodal account to Axis Bank from Paytm Payments Bank to ensure continuity & seamless merchant settlements after the RBI ordered its termination by Feb 29. A nodal account is a bank account opened by intermediaries and is utilized to hold funds on behalf of customers & vendors.

LIC launches a non-participating product ‘Amritbaal’ for children

The Life Insurance Corporation of India (LIC) announced the launch of a non-participating product – ‘Amritbaal’. The product, designed for children, will be available from February 17, 2024. It is a Non-Linked, Non-Participating, Individual, Savings, Life Insurance Plan. The plan is designed to meet the higher education and other needs of the child.

The minimum entry age is 30 days, with the maximum being 13 years. The age of maturity has to be between 18 years to 25 years at the last age of birthday. The Minimum Policy Term for a Limited Premium Payment is 10 years, and for a Single Premium Payment, it is 5 years, whereas the Maximum Policy Term for a Limited/Single Premium Payment is 25 years.

The Minimum Sum Assured is Rs. 2,00,000, with no limit for the Maximum Basic Sum Assured.

India 3rd largest digitalised country among G20 nations: Report

India is the third largest digitalized country in the world, only behind the United States of America and China, according to a recent study released by the State of India’s Digital Economy Report, 2024, by the Indian Council for Research on International Economic Relations. However, at the level of individual users, India is ranked 12th in terms of digitalization among the G20.

The state of digitalization in India is better than in some developed countries including the United Kingdom, Germany, and Japan, compared to their aggregate level of digitalisation. The study is based on the ‘CHIPS’ framework wherein it has scored countries on five pillars – connect, harness, innovate, protect, and sustain.

Using a new approach called the CHIPS (connect-harness-innovate-protect-sustain) framework, the report benchmarked the scale and depth of India’s digital transformation for G20 countries as well as for Indian states and UTs. India has the world’s second-largest internet network with more than 700 million users.

Outward FDI rises 25.7% to $2.1 billion in January, shows RBI data

India’s outward foreign direct investment (FDI) commitments rose by 25.7% on a year-on-year (Y-o-Y) basis to $2.09 billion in January 2024, compared to over $1.66 billion in January 2023. Sequentially, they declined from $2.5 billion in December 2023, according to Reserve Bank of India (RBI) data.

Outbound FDI expressed as a financial commitment, comprises three components – equity, loans, and guarantees. The equity commitments rose to $760.9 million in January 2024 from $597.4 million in January 2023. It was lower than the $834.7 million recorded in December 2023.

Debt commitments increased to $306.2 million in January 2023 from $215.6 million a year ago.

UP emerges as top state in total vehicle sales, Maharashtra 2nd: SIAM

Uttar Pradesh recorded the highest number of vehicle sales in October-December 2023, followed by Maharashtra, Gujarat, and Tamil Nadu, according to the Society of Indian Automobile Manufacturers. As per data from SIAM, Uttar Pradesh clocked a total sales of 8,22,472 units across passenger and commercial vehicles; and two and three-wheeler categories.

In the two-wheeler category, Uttar Pradesh topped the list followed by Maharashtra, Madhya Pradesh & Tamil Nadu. In passenger vehicle sales, Maharashtra clocked the highest sales followed by Uttar Pradesh, Gujarat & Karnataka. In commercial vehicle sales, Maharashtra clocked the highest sales, followed by Uttar Pradesh, Gujarat & Karnataka.

RBI asks card network to stop unauthorized payments via business cards

The Reserve Bank of India said it has directed a card network to stop an unauthorized arrangement for payments through business cards. The central bank did not name the network. The regulator said only one card network has operationalized this arrangement in the country so far.

India currently has five card networks: Visa, Mastercard, RuPay, American Express, and Diner’s Club. Visa stated on February 14 that it had been asked by the RBI to stop any such incremental transactions until further notice.

Under this arrangement, referred to as Business Payment Solution Providers (BPSP), an intermediary accepts commercial card payments from corporates and then remits the funds via IMPS, RTGS, or NEFT to non-card-accepting recipients.

It was observed that this arrangement qualified as a payment system. Under the provisions of the Payment and Settlement Systems (PSS) Act, 2007, such a payment system requires authorization under Section 4 of the PSS Act, which has not been obtained in the instant case. The activity was, therefore, without legal sanction.

Bihar brings ‘Patna Declaration’ to strengthen bird conservation initiatives in the South Asian region

To strengthen bird conservation initiatives and to address the challenges posed by illegal hunting in the South Asian region, the Bihar government has brought out the ‘Patna Declaration’ at an international workshop. The ‘Patna Declaration’ was formulated in the workshop by the Department of Environment, Forest and Climate Change and the Bombay Natural History Society.

The Patna Declaration is aimed at promoting more collaboration between countries and organizations along the Central Asian Flyway and East Asian Australasian Flyway in bird conservation initiatives. Enforcement of the Convention on International Trade in Endangered Species at the grassroots level under the Wildlife Protection Action Act, 1972 is also the aim of the declaration.

India’s second corporate credit card on the RuPay network launched

BOBCARD Limited (formerly known as BOB Financial Solutions Limited, and a wholly-owned subsidiary of Bank of Baroda), and National Payments Corporation of India (NPCI) announced the launch of a Corporate Credit Card on the RuPay Network. IndusInd Bank claims to be the first bank in India to launch a corporate credit card on a unified payment interface (UPI) network.

National Women’s Day 2024

India celebrates National Women’s Day 2023 to commemorate the birth anniversary of Sarojini Naidu popularly known as the nightingale of India. Every year, on February 13, the country acknowledges her achievements as an extraordinary leader whose potential goes beyond the realm of the Indian political cluster.

In 1925, she became the first woman to lead the Indian National Congress as party President.

Arunachal Pradesh achieves 100% coverage under Har Ghar Jal

Arunachal Pradesh has achieved 100% saturation in the ‘Har Ghar Jal’ scheme under the Centre’s Jal Jeevan Mission (JJM), Chief Minister Pema Khandu has said. The state has become the first in the northeast and tenth in the country to achieve a cent percent saturation under the central government-sponsored scheme.

Launched in 2019 by Prime Minister Narendra Modi, the ‘Jal Jeevan Mission’ is a centrally sponsored scheme aimed to provide safe and adequate drinking water through individual household tap connections to all households in rural India by 2024.

Aditi

Hello, I’m Aditi, the creative mind behind the words at Oliveboard. As a content writer specializing in state-level exams, my mission is to unravel the complexities of exam information, ensuring aspiring candidates find clarity and confidence. Having walked the path of an aspirant myself, I bring a unique perspective to my work, crafting accessible content on Exam Notifications, Admit Cards, and Results.

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