26 February 2024 Current Affairs in English

26 February 2024 Current Affairs

26 February 2024 Current Affairs refers to the latest news and events happening worldwide and are relevant to our daily lives. Staying updated with the 26 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 26 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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26 Feb Daily Current Affairs 2024

26 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 26 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.

Indian Squash player Abhay Singh wins Goodfellow Classic squash in Toronto

Indian Squash player Abhay Singh clinched the Goodfellow Classic PSA Challenger Tour Title in Toronto, Canada. He defeated Elliott Morris Devred of Wales in the finals by 3-0. With this win, the Asian Games Gold medalist has won his eighth PSA World Tour title.

Govt facilitates mutually agreed price of PDM at 4,263 per tonne for sale by sugar mills to fertilizer companies

The Central Government has facilitated a mutually agreed price of Potassium Derived from Molasses (PDM) at 4,263 per tonne for sale by sugar mills to fertilizer companies for the current year. In addition, PDM Manufacturers can also claim subsidies at 345 rupees per ton at present rates under the Nutrients Based Subsidy Scheme (NBS).

Currently, potash as a fertilizer is imported. Production of Potassium Derived from Molasses will reduce import dependency and will make India Atmanirbhar in its production. Presently about 5 Lakh tonnes of Potash Ash generated from ethanol distilleries is being sold domestically whereas the potential to produce this Ash could reach up to 10 to 12 Lakh tonnes.

India to be the third largest economy by 2027, predicts Global investment advisory firm Jefferies

Global investment advisory firm Jefferies has projected an optimistic outlook for the Indian economy and its equity markets. In its latest note, the New York-headquartered firm said that in the last ten years, India has seen fundamental structural reforms that have created the framework for the country to realize its full potential. It said, that over the next four years.

India’s GDP will likely touch five trillion US dollars making it the third largest economy by 2027, overtaking Japan and Germany, maintaining the status of fastest-growing large economy. The Global Firm in its report has observed that India’s market capitalization at 4.3 trillion US dollars ranks 5th in the world behind USA, China, Japan, and Hong Kong.

The country’s longest cable-stayed bridge, ‘Sudarshan Setu’ inaugurated by PM Modi in Gujarat

Prime Minister Narendra Modi inaugurated ‘Sudarshan Setu’, the country’s longest cable-stayed bridge of 2.32 km, on the Arabian Sea, connecting Beyt Dwarka island to mainland Okha in Gujarat’s Devbhumi Dwarka district. Beyt Dwarka is an island near Okha Port, which is nearly 30 km from Dwarka town.

The 2.32 km bridge, including 900 meters of central double-span cable-stayed portion and a 2.45 km long approach road, has been constructed for Rs 979 crore, as per an official release. The bridge, which was known as ‘Signature Bridge’, has been renamed as ‘Sudarshan Setu’ or Sudarshan Bridge.

PM Modi inaugurates 5 new AIIMS

Prime Minister Narendra Modi inaugurated an All India Institute of Medical Sciences in Gujarat’s Rajkot during his two-day visit to the state. The prime minister will also virtually inaugurate four more AIIMS in Punjab’s Bathinda, Uttar Pradesh’s Raebareli, West Bengal’s Kalyani, and Andhra Pradesh’s Mangalgiri.

SECI unveils India’s largest solar-battery project, pioneering renewable energy innovation in Chhattisgarh

The Solar Energy Corporation of India Limited, under the aegis of the Ministry of New and Renewable Energy, has successfully commissioned India’s largest Battery Energy Storage System, which stores energy using solar energy. The 40 megawatts (MW) / 120MWh BESS with a solar photovoltaic (PV) plant located in Rajnandgaon, Chhattisgarh.

The project has been constructed with funding from the World Bank and Clean Technology Fund under Innovation in Solar Power & Hybrid Technologies Projects well as leveraged financing from domestic lending agencies.

Latest NSSO consumer survey indicates poverty down to 5%: NITI Aayog CEO

National Sample Survey Office, under the Ministry of Statistics and Programme Implementation, released data on household consumption expenditure for the year 2022-23 which shows per capita monthly household expenditure more than doubled in 2022-23 as compared to 2011-12.

The latest consumer expenditure survey indicates that poverty has come down to 5% in the country and people are becoming prosperous both in rural and urban areas. People were kept in 20 different categories and the data showed that the average per capita monthly expenditure for all categories stood at Rs 3,773 in rural areas and Rs 6,459 in urban areas.

The average per capita monthly expenditure of 0-5% fractile class is pegged at Rs 1,373 in rural areas and Rs 2,001 in urban areas. According to the survey data, the gap was 84% in 2011-12 and has come down to 71% in 2022-23.

India-Japan Joint Exercise ‘Dharma Guardian’ commences in Rajasthan

The 5th edition of Joint Military Exercise ‘DHARMA GUARDIAN’ between the Indian Army and the Japan Ground Self Defence Force commenced at Mahajan Field Firing Ranges in Rajasthan. The Exercise is scheduled to be conducted from 25th February to 9th March 2024. Exercise ‘DHARMA GUARDIAN’ is an annual exercise conducted alternatively in India and Japan.

Exercise ‘DHARMA GUARDIAN’ will enable the two sides to share their best practices in Tactics, Techniques, and Procedures for conducting tactical operations. The Exercise will also facilitate developing inter-operability, bonhomie, and camaraderie between troops of both sides.

UAE removed from money laundering ‘grey list’

UAE was removed from the Paris-based Financial Action Task Force (FATF Grey List), a list also known as jurisdiction under increased monitoring list, which includes countries that are actively working with the FATF to address strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing.

Kenya and Namibia are now added to the FATF grey list. Countries Removed from FATF’s Grey List: UAE, Gibraltar, Barbados, and Uganda. FATF is an intergovernmental organization founded in 1989 on the initiative of the G7 to develop policies to combat money laundering and to maintain certain interests. In 2001, its mandate was expanded to include terrorism financing.

India-born Economist Geeta Batra Named As First Woman Director of World Bank’s GEF

Geeta Batra, a distinguished India-born economist, has been appointed as the Director of the Independent Evaluation Office of the World Bank’s Global Environment Facility (GEF). This historic appointment makes her the first woman from a developing country to hold this prestigious position.

Since the Rio Earth Summit (1992), the GEF has been one of the largest players in the environmental sector, providing around $24 billion in grants, plus marshaling an additional $138 billion in co-financing over 5,700 projects in 170 countries till 2020.

Philippines becomes first Asian country to ratify ILO convention

The Philippines has been the first Asian country to ratify a convention to end workplace violence and harassment, the International Labour Organization said and has deposited the instrument of ratification of the Violence and Harassment Convention 2019 (No. 190). The Philippines becomes the 38th country in the world and the first Asian country to ratify Convention No. 190.

Convention No. 190 is the first international labor standard to address violence & harassment in the world of work comprehensively, according to the ILO. Under this, members are mandated to adopt, in consultation with representative employers’ and workers’ organizations, inclusive, gender-responsive strategies for preventing & eradicating workplace violence and harassment.

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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