Four flight trials of High-speed Expendable Aerial Target (HEAT) - ABHYAS were successfully carried out by Defence Research & Development Organisation (DRDO) from the Integrated Test Range, Chandipur in Odisha during January 30 to February 02, 2024.
REC Limited, a Maharatna Central Public Sector Enterprise under the Ministry of Power and a leading NBFC, has been bestowed with the prestigious Best Green Bond - Corporate Award at The Asset Triple A Awards for Sustainable Finance 2024. The award underscores REC Limited's unwavering commitment to sophisticated capital market instruments and customized financing solutions.
In 2012, the United Nations General Assembly adopted the resolution for elimination of female genital mutilation. Every year, February 6 is observed as International Day of Zero Tolerance for Female Genital Mutilation to create awareness about the problems faced by women due to this procedure and steps, we can take in eliminating this brutal practice.
2024 Theme: Her Voice. Her Future
The Food Safety and Standards Authority of India (FSSAI) in its 43rd meeting has approved various amendments to streamline food safety and standards regulations. Various amendments across different Food Safety and Standards Regulations were approved in the meeting to do away with Bureau of Indian Standards (BIS) or AGMARK certification for food products.
The Organization for Economic Co-operation and Development (OECD), in its latest interim economic outlook, raised India’s growth outlook for 2024-25 (FY25) to 6.2 per cent from the 6.1 per cent estimated earlier in its November outlook. For 2025-26, OECD has kept its growth forecast for India unchanged at 6.5 per cent.
Private life insurer Ageas Federal Life Insurance announced the launch of the Multicap Fund, as part of its Unit Linked Insurance Plan (ULIP) portfolio. This fund is designed to deliver returns by strategically investing in a diversified portfolio of listed companies spanning various market caps.
The liquidity deficit in the banking system shrank to about ₹1.40-lakh crore on February 4 from the recent peak of ₹3.46-lakh crore (on January 24th) in view of the government stepping up spending, per RBI data.However, the liquidity deficit could increase to ₹2-lakh crore-₹2.5-lakh crore as there will be outflows from the banking system due to GST payments in mid-February.
The fiscal deficit target of 4.5% of gross domestic product in FY26 would be a challenge for the government amidst a focus on capex to support growth, according to global ratings agency Fitch. Fitch projects the Indian economy to grow 6.5% in FY25, helped by 11% growth in government capex.
Namibia's President Hage Geingob, 82, died weeks after he was diagnosed with cancer. Born in 1941, Geingob has been a prominent politician since before Namibia achieved independence from white minority-ruled South Africa in 1990. He chaired the body that drafted Namibia’s constitution.
Ahmed Awad bin Mubarak, Yemen's foreign minister, has been appointed as the country's new Prime Minister. Yemen, a nation in the Arabian Peninsula, is experiencing increased tensions as a result of a wave of Red Sea attacks on ships by Houthi rebels, which have triggered retaliatory strikes by the United States and the United Kingdom recently.
Bin Mubarak has notably replaced Maeen Abdulmalik Saeed.
The government approved the signing and ratification of a Bilateral Investment Treaty between India and the United Arab Emirates . The pact would help promote investments between the two countries. The treaty is expected to improve the confidence of investors, especially large investors, resulting in an increase in foreign investments and overseas direct investment.
Russian cosmonaut Oleg Kononenko set a world record for total time spent in space, surpassing his compatriot Gennady Padalka who logged more than 878 days in orbit, Russia's space corporation said. At 0830 GMT Kononenko broke the record, Roscosmos said. Mr Kononenko, who is the commander of the Russian space agency Roscosmos cosmonaut corps, is on his fifth space mission.