NATIONAL UPDATES:
1. KVS Manian new joint managing director in Kotak
Mahindra bank: Kotak Mahindra Bank re-designating whole-time
director KVS Manian as the joint managing director effective 1 March. Manian,
an alumnus of the Indian Institutes of Technology (BHU) - Varanasi, with a
degree in electrical engineering and a postgraduate in financial management. Ekambaram,
who has over 30 years of service at Kotak, holds a commerce degree, is a
chartered accountant, and a Cost and Works Accountant.
2. Women participation in country's labour force rises to
37% from 23%: Labour and Employment
Secretary, Arti Ahuja has said that the participation of women in the labour
force in the country has increased from 23 percent to 37 percent. She added
that as the country’s population is growing, India needs to appreciate fifty
percent of the talented, motivated and hardworking female workforce. Female
labour force participation rate can be defined as percentage women employed
with respect to labour force of the country.
3. Statehood Day of Mizoram & Arunachal Pradesh: 20
Feb 2024: The Northern States Mizoram and
Arunachal Pradesh have celebrated their Foundation Day on February 20 since 1987. Mizoram
State took place on 20th February,
1987,as India’s 23rd state. Arunachal Pradesh, a land of natural wonders and
cultural heritage, became a full-fledged state on February 20, 1987.
Until
1972, it was known as the North-East Frontier Agency (NEFA).
4. Government approves fifty more Amrit Bharat Trains: Fifty more Amrit Bharat Trains have been
approved by the Government. Minister for Railways Ashwini Vaishnaw has
said that after the huge success of Amrit Bharat Train, another 50 trains have been approved. The
Amrit Bharat train is an LHB push-pull train with non-air-conditioned coaches. It
provides improved facilities for rail passengers like beautiful and attractive
designed seats, better luggage racks with suitable mobile holders, among
others.
5. Maharashtra Cabinet approves draft bill to extend 10%
reservation to Marath: The Maharashtra Cabinet approved a draft bill proposing a 10%reservation
for the Maratha community in both educational institutions and government employment.
This proposed reservation surpasses the 50 percent cap, an extension justified
by a report submitted to the state government by the Maharashtra Backward Class
Commission (MBCC), led by Chairman Justice (Retired) Sunil Shukre.
6. 20 February – Mizoram Foundation Day: Mizoram Foundation Day is
celebrated every year on February
20 to honour the northeastern state’s accomplishment of statehood
in 1987. It was on this day that the Lushai Hills Autonomous District Council
was raised to the status of a complete state, turning into the 23rd state of
India. February 20 denotes the Statehood
Day of both Mizoram and Arunachal Pradesh. Settled in the remote
northeast of India, Mizoram remains as the region’s southernmost landlocked
state. Thick forests, covering more than three-fourths of its territory, murmur
stories of important timber and one-of-a-kind biodiversity.
INTERNATIONAL UPDATES:
1. India contributes 1 million USD to 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, IBSA. 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.
2. PM of Greece to arrive in New Delhi on a four-day
State visit to India: Prime Minister of Greece Kyriakos
Mitsotakis will arrive in New Delhi tonight on a four-day State
visit to India. He will be accompanied by senior officials and a high-powered
business delegation. This will be the first bilateral Head of State or
Government level visit from Greece to India after 15 years. He will also visit
Mumbai before returning to Athens.
3. INDUS-X Summit to boost India-U.S. defence cooperation: The India-U.S. Defence Acceleration Ecosystem summit, INDUS-X, began
in New Delhi. The two-day aims to enhance strategic technology partnerships and
defence cooperation between the two nations. The summit will bring together
stakeholders from both countries to explore and leverage emerging opportunities
in defence innovation. The event will also recognize winners of the Joint INDUS
X challenge under the IMPACT program.
4. World Day of Social Justice 2024:20th Feb 2024: Every year on 20 February the World Day of Social Justice is
observed worldwide. As grave injustices and widespread labour insecurity
threaten social issues, the day stresses the need to build fairer and more
equitable societies. The theme of World Day of Social Justice 2024 is "Bridging Gaps, Building Alliances".
OTHER UPDATES:
DEFENCE
1. North Korea launched new surface-to-sea missiles: North Korea test-launched
the new surface-to-sea missiles,
“Padasuri-6”. The missile hit a target after launch over waters in the
East Sea for around 1400 seconds, or 23 minutes and 20 seconds. The missile
seems to be designed to counter the naval capabilities of South Korea and the
United States, such as U.S. aircraft carriers.
SPORTS
1. Anush Agarwalla secures country's maiden Paris
Olympics quota in dressage: Asian Games medallist Anush Agarwalla has secured the
first-ever Paris Olympics quota in dressage discipline for the country. He
obtained the Paris 2024 quota for the country based on his performance in four
FEI events. Agarwalla had clinched India’s first individual bronze at the
Asian Games in dressage last year. In dressage competitions, the horse and
rider perform a series of pre-determined movements in an arena of 20 metres to
60 metres.
2. MI Emirates wins ILT20 title by defeating Dubai
Capitals: MI Emirates has won the
title of the 2nd edition of UAE International League T20 (ILT20). MI Emirates
secured the title by defeating Dubai Capitals by 45 runs in the final match at
Dubai International Stadium MI team posted a total of 208 runs for the loss of
3 wickets,Dubai Capitals team could score only 163 runs at the loss of 7
wickets in 20 overs. ILT20 is a franchise-based T20 league organized by the
Emirates Cricket Board, featuring six participating franchises.
3. MS Dhoni Named Captain of IPL’s Greatest All-Time
Team: Chennai Super Kings (CSK)
skipper MS Dhoni was picked as the captain to lead the all-time greatest IPL
side. The 15-member squad was selected by a panel of experts, including
former legends Wasim Akram, Dale Steyn, Matthew Hayden, and Tom Moody, along
with 70 other journalists. The top order consisted of Australian batter David
Warner, Indian superstar Virat Kohli, and West Indian powerhouse Chris Gayle. While
Kohli is the all-time leading run-scorer in IPL history with 7,263 runs, Warner
is third and first among overseas batters with 6,397 runs.
SCIENCE AND TECHNOLOGY
1. 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 now the US has become a
part of their mission as they finalized the satellite to be launched on a US
rocket. The researchers at Kyoto University in collaboration with the logging
company Sumitomo Forestry built the timber satellite. They came up with the
idea of using an alternative to metal, which are biodegradable material.
BANKING AND FINANCE
1. Bandhan Bank authorized to collected revenues of 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 virtue of this mandate, people will be able to pay various taxes like property tax, motor vehicle tax and professional tax using this portal.
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