21 February 2024 Current Affairs in English

21 February 2024 Current Affairs

21 February 2024 Current Affairs refers to the latest news and events happening worldwide and are relevant to our daily lives. Staying updated with the 21 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 21 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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21 Feb Daily Current Affairs 2024

21 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 21 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.

International Mother Language Day 2024

Every February 21, we come together to celebrate International Mother Language Day. This special day, organized by UNESCO, reminds us of the incredible variety of languages and cultures worldwide.

The theme for International Mother Language Day 2024 is “Multilingual Education- a Necessity to Transform Education”. This means promoting the use of multiple languages in education to improve learning. Read the complete article here.

MCA notifies leniency plus regime under the Competition Act 2023

The Ministry of Corporate Affairs notified the leniency plus regime under the Competition (Amendment) Act 2023 in a move that will incentivize companies already under investigation for one cartel to report other cartels. The CCI will have the discretion to decide the reduction in penalty based on the quality of the information and the overall circumstance of the case.

Under Leniency Plus, a cartel cooperating with the Competition Commission of India (CCI) for leniency can disclose the existence of another cartel in an unrelated market during the original leniency proceedings, in exchange for an additional reduction in penalty. The current Act already contains a leniency provision.

The applicants for this process, as per the draft regulations, refers to a company or an individual who is or was a member of a cartel including enterprise as well as associations of enterprise or persons who participate or intend to participate in the furtherance of a cartel.

The CCI may grant an additional reduction in a monetary penalty of up to 30% of the penalty imposed on the first cartel besides a reduction in a penalty of up to one hundred percent to a cartel for a newly disclosed cartel. The Leniency Plus model is recognized in countries such as the UK, the US, Singapore, and Brazil.

PayPal registers with FIU of India under anti-money laundering law

American payments gateway service provider PayPal has registered its operations with the Financial Intelligence Unit of India, about six years after a protracted legal battle ensued between the two entities. It has completed the formal procedure of being designated as a reporting entity under the Prevention of Money Laundering Act recently and submitted documents to FIU.

The FIU is a national agency responsible for receiving, processing, analyzing, and disseminating information relating to suspect financial transactions in Indian economic channels to various enforcement agencies and foreign FIUs. The federal anti-money laundering agency slapped a Rs 96 lakh penalty against the global online payments giant in December 2020.

The Prevention of Money Laundering Act, of 2002 forms the core of the legal framework put in place by India to combat money laundering. PMLA and the Rules notified there under came into force with effect from July 1, 2005. Director, FIU-IND & Director (Enforcement) has been conferred with exclusive and concurrent powers under relevant sections of the Act to implement the act.

Whirlpool sells 24% stake in India unit for $468 million

Whirlpool said it has executed a sale of 24% of its stake in its India unit for about $468 million.

Whirlpool conducted the sale through its subsidiary in Mauritius, reducing its stake in the entity from 75% to 51%. SBI Mutual Fund, Societe Generale, and Nippon India Mutual Fund were among the six buyers who picked up a stake in Whirlpool of India at 1,277 rupees apiece.

Defence Minister Rajnath Singh to officially inaugurate 12th edition of MILAN 2024

Defence Minister Rajnath Singh will officially inaugurate the 12th edition of MILAN 2024, the flagship naval exercise hosted by the Indian Navy in Visakhapatnam. He will also inaugurate the MILAN Village at the Eastern Naval Command base to mark the occasion. It is a nine-day mega naval exercise in Visakhapatnam with the participation of around 50 navies.

Navies from the US, Japan, Australia, France, Bangladesh, South Korea, Vietnam, Indonesia & Malaysia, among others, are participating in the exercise that aims to bolster maritime cooperation among like-minded nations. It is a biennial multinational naval exercise started in 1995 with the participation of Indonesia, Singapore, Sri Lanka, and Thailand as part of Look East policy.

PM Modi to inaugurate 9th Edition of Raisina Dialogue in New Delhi

Prime Minister Narendra Modi will inaugurate the 9th edition of the Raisina Dialogue in New Delhi. Prime Minister of Greece, Kyriakos Mitsotakis, will join the inaugural session as the Chief Guest, and deliver the keynote address. The Raisina Dialogue is India’s flagship conference on geopolitics and geo-economics.

It is committed to addressing the most challenging issues facing the international community. The theme of this edition is “Chaturanga: Conflict, Contest, Cooperate, Create”. Over three days, decision-makers and thought leaders of the world will engage each other across conversations in various formats, over six thematic pillars.

These include Tech Frontiers: Regulations and Realities, Peace with the Planet: Invest and Innovate, and War and Peace: Armouries and Asymmetries.

Japan Commits 232.2 Billion Yen for Nine Development Projects in India

Japan has committed a 232.21-billion-yen (about $1.55 billion) Official Development Assistance (ODA) loan for nine projects across various sectors in India such as road connectivity, climate change response, and horticulture, India’s finance ministry said.

The loan will fund infrastructure projects in North East India, including the Dhubri-Phulbari bridge (34.54 billion yen) and the Phulbari-Goeragre section of NH 127B (15.56 billion yen), apart from the construction of the Chennai Peripheral Ring Road (49.85 billion yen) and the Dedicated Freight Corridor Project (40 billion yen).

The loan will also fund projects to promote startups and innovation in Telangana (23.7 billion yen), sustainable horticulture in Haryana (16.21 billion yen), and climate change response and ecosystem services enhancement in Rajasthan (26.13 billion yen). Some of it will be used to establish a medical college hospital in Nagaland and improve the urban water supply in Uttarakhand.

Malta becomes the 119th member of the International Solar Alliance

Malta became the 119th country to join the International Solar Alliance, the Ministry of External Affairs said. The ISA is an alliance of more than 120 signatory countries that aims to reduce the dependence on non-renewable sources of energy like fossil fuels. ISA was conceived as a joint effort by India and France. Currently, 116 countries are signatories to the ISA Framework.

India contributes 1 million US Dollars to the Poverty and Hunger Alleviation Fund

India has contributed 1 million US Dollars to the Poverty and Hunger Alleviation Fund established by India, Brazil, and South Africa. The fund is aimed at alleviating poverty and hunger. India’s Permanent Representative to the UN, Ambassador Ruchira Kamboj handed over the cheque to the Director of the UN Office for South-South Cooperation (UNOSSC) Dima Al-Khatib.

The IBSA Facility for Poverty and Hunger Alleviation (IBSA Fund) was established jointly by grouping in March 2004 and it became operational in 2006. The purpose of the fund is to identify replicable and scalable projects that can be disseminated to developing countries on a demand-driven basis.

First ever Skill India Centre launched in Sambalpur, Odisha

Union Minister for Education and Skill Development Dharmendra Pradhan inaugurated India’s inaugural Skill India Centre (SIC) in Sambalpur, Odisha, affirming its role in enhancing the nation’s workforce. The introduction of low-cost courses in the SIC will empower large youth and make them a part of the evolving job market.

Eminent jurist and Senior Supreme Court Lawyer Fali Nariman passes away at 95

Eminent jurist and Senior Supreme Court Lawyer Fali S Nariman passes away at 95. He served as the additional solicitor general between 1972 and 1975 and resigned from the post during an emergency. Nariman was appointed a Senior Advocate by the Supreme Court of India in 1971. He was also a nominated member of the Rajya Sabha from 1999-2005.

He was awarded the Padma Bhushan in 1991 and the Padma Vibhushan in 2007.

Tech Mahindra acquires 100% stake in Orchid Cybertech for $3.27 million

IT services and consulting firm Tech Mahindra announced that it has completed the acquisition of a 100% stake in Philippines Orchid Cybertech Services (OCSI) through its wholly-owned subsidiary for a total of $3.27 million. Orchid Cybertech Services, is a provider of customer experience solutions and serves TPG Telecom.

RBI grants payment aggregator license to Mswipe Technologies

Merchant-led digital payments provider Mswipe Technologies said the Reserve Bank of India has granted it a payment aggregator (PA) license. The company received an in-principle nod from the central bank to operate as a payment aggregator in August 2022. PA is provided under Section 7 of the Payment and Settlement Systems Act, 2007.

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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