19 February 2024 Current Affairs in English

19 February 2024 Current Affairs

19 February 2024 Current Affairs refers to the latest news and events happening worldwide and are relevant to our daily lives. Staying updated with the 19 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 19 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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19 Feb 2024 Daily Current Affairs

19 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 19 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.

Chhatrapati Shivaji Maharaj Jayanti 2024

Chhatrapati Shivaji Maharaj Jayanti is celebrated every year on February 19th to mark the birth anniversary of Chhatrapati Shivaji Maharaj, the great Maratha warrior king who founded the Maratha Empire in India.

Chhatrapati Shivaji Maharaj was a 17th-century Indian warrior king who founded the Maratha Empire in western India. He is considered one of the greatest warriors and leaders in Indian history. He is revered for his bravery, his military prowess, and his vision for a united and independent India. Read the complete article here.

Government of India Bolsters Agricultural Sector with Increase in Authorized Capital of FCI from Rs 10,000

The Government of India has announced an increase in the authorized capital of the Food Corporation of India (FCI) from Rs 10,000 Crore to Rs 21,000 Crore. This strategic move shows the government’s steadfast commitment to supporting farmers and fortifying India’s agrarian economy.

FCI, as the pillar of India’s food security architecture, plays a pivotal role in various crucial functions, including the procurement of food grains at Minimum Support Price (MSP), maintenance of strategic food grain stocks, distribution to state governments and Union Territories (UTs), and stabilization of food grain prices in the market.

The Food Corporation of India (FCI) is a statutory body under the Ministry of Consumer Affairs, Food and Public Distribution. It was set up in 1965 following the enactment of the Food Corporation Act, 1964. It was set up in 1965 with its initial headquarters in Chennai. Later this was moved to New Delhi.

APEDA facilitates the export of bananas from India to Russia via sea

Agricultural and Processed Food Products Export Development Authority, has facilitated the export of bananas from India to Russia via sea. A consignment of 1,540 boxes of bananas was flagged off from Maharashtra by APEDA Chairman Abhishek Dev in a collaborative effort with the Central Institute of Sub-tropical Horticulture, CISH.

Gulzar, Sanskrit scholar Rambhadracharya selected for 58th Jnanpith Award

Renowned Urdu poet Gulzar and Sanskrit scholar Jagadguru Rambhadracharya will receive the 58th Jnanpith Award. Gulzar is known for his works in Hindi cinema and is considered one of the finest Urdu poets of this era. Jagadguru Rambhadracharya is the founder and chief of Tulsi Peeth in Chitrakoot and is a renowned Hindu spiritual leader, educator, and writer of books & texts

Gulzar received the Sahitya Akademi Award for Urdu in 2002, the Dadasaheb Phalke Award in 2013, Padma Bhushan in 2004, and five National film awards. Rambhadracharya is one of the four Jagadguru Ramanandacharyas of the Ramananda sect and has been holding this position since 1982. In 2015, he received the Padma Vibhushan award.

Established in 1944, the prestigious Jnanpith Award is given annually for outstanding contributions to Indian literature. The recipients for the award were decided by a selection committee chaired by Jnanpith awardee Pratibha Rai. This is the second time the award has been given for the Sanskrit language and the fifth time for the Urdu language.

The award carries a prize money of Rs 21 lakh, a statue of Vagdevi, and a citation.

Indian Air Force conducts exercise Vayu-Shakti in Pokhran

Indian Air Force demonstration exercise Vayu-Shakti 2024 was held at the Pokhran Range near Jaisalmer in Rajasthan. The exercise showcased the IAF’s offensive and defensive capabilities across the day and night. This year’s Vayu-Shakti exercise featured joint operations with the Indian Army, highlighting the seamless coordination between the two branches of armed forces.

ISRO successfully launches next-generation weather satellite INSAT-3DS from Sriharikota

The Indian Space Research Organisation launched GSLV F14 from the second launch pad at Sathish Dhawan Space Centre Sriharikota. The INSAT-3DS satellite, weighing 2274 kg is a follow-on mission of the third-generation meteorological satellite to be placed in a geostationary orbit funded by the Ministry of Earth Sciences. INSAT stands for Indian National Satellite System.

The objective of the mission is to provide continuity of services to existing operational INSAT-3D (launched in 2013) and INSAT-3DR (September 2016) for enhanced meteorological observations, monitoring of land and ocean surfaces, weather forecast and disaster warning, as well as to provide satellite aided Search and Rescue Services (SAR) among others.

GSLV is one of the three main rockets used by ISRO for carrying its satellites, the other two being PSLV and LVM3 (earlier called GSLV-MkIII). GSLV has had a rather patchy track record thus far, because of which it has been described as the ‘naughty boy’.

APEDA catapults agricultural exports from modest USD 0.6 billion exports in FY1987-88 to USD 26.7 billion in FY 2022-23

Agricultural and Processed Food Products Export Development Authority (APEDA) has propelled India’s agricultural exports from 0.6 billion US dollars in fiscal year 1987-88 to 26.7 billion US dollars in the fiscal year 2022-23. With APEDA’s interventions, India’s agricultural export growth has surged, showcasing the Compound Annual Growth Rate (CAGR) of 12 percent.

Commerce and Industry Ministry said that during April-December 2023, APEDA’s strategic initiatives bore fruit, with 18 out of 23 Principal Commodities experiencing positive growth. It said that fresh fruit exports registered an exceptional 29 percent growth, while processed vegetables, Basmati Rice, and fresh vegetables also witnessed significant upticks.

Basmati rice witnessed a significant increase in export value up to 19% and an 11% growth in quantity, solidifying its position as a major export commodity for India. Top markets for Basmati rice include Iran, Iraq, Saudi Arabia, the USA, and the UAE, reaffirming its enduring global demand.

Govt launches ‘Sagar Aankalan’ guidelines to boost efficiency, competitiveness

Union Minister Sonowal launched the ‘Sagar Aankalan’ guidelines for the Indian port performance index. The move aims to enhance the efficiency and competitiveness of Indian ports. The ‘Sagar Aankalan’ guidelines for the National Benchmarking of Indian Ports Performance will be enforced across all seaports in India, to boost their efficiency and competitiveness.

India has 13 major ports – Deendayal (Kandla), Mumbai, Mormugao, New Mangalore, Cochin, Chennai, Ennore (Kamarajar), Tuticorin (V O Chidambaranar), Visakhapatnam, Paradip and Kolkata (including Haldia) and Jawaharlal Nehru Port.

Pradeep Kumar Sinha to take over as Non-Executive Part-time Chairman of ICICI Bank

Former Cabinet Secretary Pradeep Kumar Sinha will take over as Non-Executive Part-time Chairman of ICICI Bank after G. C. Chaturvedi’s term ends on June 30, 2024. The Bank’s Board has approved the appointment of Sinha as an Additional (Independent) Director for five years, with immediate effect subject to the approval of shareholders.

SBI allows customers to enroll under PMJJBY and PMSBY schemes digitally

State Bank of India has launched a self-subscribing journey for enrolment under Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY) schemes for its customers. PMJJBY is a life insurance scheme with a life cover of Rs.2 lakh at Rs.330/year. PMJJBY, PMSBY, and APY were launched by the Prime Minister in 2015 in West Bengal.

PMSBY is a one-year accidental insurance scheme renewable from year to year offering coverage for death or disability due to an accident. Accidental death cum disability cover of Rs.2 lakh (Rs.1 lakh in case of partial disability) for death or disability due to an accident against a premium of Rs.20/- per annum.

India clinches three gold medals on the opening day of the Asian Indoor Athletics Championship 2024

In the Asian Indoor Athletics Championship 2024, India clinched three gold medals on the opening day as Tajinderpal Singh Toor, Harmilan Bains, and Jyothi Yarraji won gold in Tehran, Iran. The Asian Indoor Athletics Championships, running since 2004, is a biennial competition organized by the Asian Athletics Association. Asian Indoor Athletics Champion is the 11th edition.

Bandhan Bank is authorized to collect revenues from the West Bengal Govt

Private lender Bandhan Bank has been authorized by the West Bengal government to collect tax and non-tax receipts on its behalf. The mandate will enable the bank to collect revenues through the Government Receipt Portal System (GRIPS). By this mandate, people will be able to pay taxes like property tax, motor vehicle tax, and professional tax using a bank portal.

Ujjivan Small Finance Bank names Mangesh Ramesh Mahale as the CTO

Ujjivan Small Finance Bank Limited has named Mangesh Ramesh Mahale as its Chief Technology Officer, effective February 2024. Mangesh, an accomplished technology and business visionary, boasts a remarkable professional history marked by his expertise in establishing technology infrastructures, recognizing technological trends, formulating processes, and managing risk.

NASA, Japan to launch world’s 1st wooden satellite soon

Japan and the US are planning to launch the world’s first wooden satellite, the LingnoSat, into space in 2024. This unusual spacecraft is made up of Magnolia wood which, during the experiments, was found to be particularly stable and resistant to cracking. The wooden satellite was created by Japanese scientists and the US has become part of this mission.

INYAS organised the 9th Annual General Body Meeting

Indian National Young Academy of Science (INYAS) has organized its 9th Annual General Body Meeting on Feb 17th. INYAS is the only recognised academy of young scientists in India which was established in 2014 with a vision to promote Science education and networking among Young Scientists. Ranjana Aggarwal, Director of CSIR-NIScPR joined this program as the Guest of Honour.

IREDA and Punjab National Bank join hands to Co-Finance Renewable Energy Projects

Indian Renewable Energy Development Agency Ltd. and Punjab National Bank have signed a Memorandum of Understanding aimed at advancing renewable energy initiatives across the nation. The agreement, signed at IREDA’s registered office in New Delhi on February 19, 2024, paves the way for joint efforts in co-lending and loan syndication for a diverse spectrum of renewable energy.

The MoU comprises various provisions aimed at enhancing support for renewable energy projects. These include joint lending, loan syndication, underwriting, management of Trust and Retention Account (TRA) for IREDA borrowers, and working towards competitive terms of sanction, including pricing on IREDA borrowings.

This collaboration strengthens IREDA’s successful partnerships with other prominent financial institutions, including Bank of Baroda, Union Bank of India, Bank of India, India Infrastructure Finance Company Limited, Bank of Maharashtra, and Indian Overseas Bank. These MoUs similarly focus on co-lending and loan syndication for a wide range of Renewable Energy projects.

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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