NATIONAL UPDATES:
1. LAccMI bus service covers all 30 districts Of Odisha: Odisha CM Naveen
Patnaik launched the LAccMI
Bus Service in Balasore, Jagatsinghpur, Ganjam, Nuapada and Boudh
districts through video conferencing. 255 buses were launched in 1,057
panchayats of 5 districts benefitting more than 71 lakh people. A total of
1,354 buses have started running in 30 districts benefitting 3.64 crore people
of 6,031 panchayats. It is worth noting that a total of 1,745 LAccMI buses will
run in all the panchayats of the state.
2. PhonePe sets up app store for Android: Walmart's PhonePe is launching Indus Appstore to
compete with tech giants Google and Apple. Indus Appstore focuses on localization, personalization, and
freedom for developers. It will partner with OEMs for distribution and offer
advertising solutions and a la carte cataloguing and payment services. Aims to
attract developers for growth amidst tussle over Play Store policies and
commission fees.
3. Centre decides to continue Women's safety scheme till
2025-26: The Union Government has
approved the proposal of the Ministry
of Home Affairs of the continuation of the implementation of the
Umbrella Scheme on ‘Safety of Women’ at
a total cost of around one thousand 180 crore rupees during the period from
2021-22 to 2025-26 Women's help desks and 827 antihuman trafficking units have
been set up at 13,557 police stations across the country so far and women's
help desks will also be established in the remaining 3,329 police
stations
4. AYUSH & Tribal Affairs Ministries launch Joint
Initiative for Health: The Ministry of AYUSH and Ministry of Tribal Affairs announced a Joint
Initiative on Public Health of Tribal Students. The joint National Level
Project of Health Screening and Management through Ayurvedic Interventions will
benefit over 20 thousand Tribal Students. The Ministry of Ayush through its
research council CCRAS has taken this health Initiative for Tribal Students
with the joint initiative of the Ministry of Tribal Affairs and ICMR-NIRTH
Jabalpur.
5. Modi govt approves hike in sugarcane FRP by Rs 25 to
Rs 340 per quintal: The government decided to hike the minimum price that mills have to pay
to sugarcane growers by Rs 25 to Rs 340 per quintal for the 2024-25 season,
effect from October 1, 2024. In terms of quantum, this is the second time that
the Modi government has increased the FRP by Rs 25 per quintal in one go.
The
FRP has been determined on the basis of recommendations of the Commission for
Agricultural Costs and Prices (CACP).
6. India's Largest Tribal Festival Medaram Jatara Kicks
Off In Telangana: Telangana government
organised Sammakka Saralamma Jathara (also known as Medaram Jathara) in Medaram
village, Mulugu district. Around one core pilgrims are expected to visit
Medaram during the four days festival, which is conducted once in two years. The
prominent event of the festival is the procession where the idols of the
goddesses are taken out in a grand procession. The Jathara festival is
scheduled to take place from February 21 to February 24 this year.
7. PM Modi Inaugurates IIT
Hyderabad Campus: Prime Minister Narendra Modi has virtually
inaugurated and dedicated to the nation two central institutions in Telangana
and five in Andhra Pradesh. The list includes the Campus Development Project of
Indian Institute of Technology and Maulana Azad National Urdu University in
Hyderabad. The Indian Institute of Management in Visakhapatnam, the Indian
Institute of Technology and the Indian Institute of Science Education and
Research (both in Tirupati), the Indian Institute of Information Technology,
Design and Manufacturing in Kurnool and the Indian Institute of Information
Technology, Sri City, reports Amisha Rajani.
INTERNATIONAL UPDATES:
1. India and Greece Aim to Double Bilateral Trade by 2030: India and Greece have agreed to double their
bilateral trade by the year 2030. Prime Minister Narendra Modi and visiting
Greece Prime Minister Kyriakos Mitsotakis held bilateral and delegation level
talks in New Delhi. During the meeting, both the countries deliberated on range
of issues and expressed their commitment to enhance cooperation in the field of
space, pharma, shipping, communication, defence, agriculture and maritime, and
air connectivity.
2. Bangladesh observes Language Day- Amar Ekushey: Bangladesh is observing the historic Language Day named ‘Amar
Ekushey’, paying tribute to the martyrs who laid their lives during the
language movement in 1952 demanding Bangla as the official language for then
East Pakistan. Scores of students were killed on this day in 1952 when
Pakistani forces fired upon them during the protest leading to widespread civil
unrest. The day is also observed as International Mother Language Day.
3. Mansukh Mandaviya launches WHO's Global Initiative on
Digital Health: Union Minister of Health
and Family Welfare Dr Mansukh
Mandaviya virtually addressed the public launch event of the World
Health Organization’s Global Initiative on Digital Health (GIDH). The GIDH is
a WHO managed network which was
unanimously adopted by all G20 countries, invited countries and
international organizations. India's collaboration with the WHO on the GIDH is
a testament of our shared commitment towards transforming the digital health
ecosystem.
4. Finance Minister chairs 28th meeting of Financial
Stability and Development: Union Finance Minister Nirmala
Sitharaman chaired the 28th Meeting of the Financial Stability and
Development Council (FSDC) in New Delhi. Issues related to formulation of
strategy for implementing the decisions of the FSDC and the Union Budget
announcements were discussed in the meeting. These include prescribing uniform
KYC norms, inter-usability of KYC records across the financial sector, and
simplification and digitalization of the KYC process.
5. World Thinking Day 2024: February 22: Every year, World Thinking Day is celebrated on February 22. World
Thinking Day helps in raising funds for empowerment and development of around
10 million Girl Guides and Girl Scouts all over the world. The theme of this
year's World Thinking Day is - Our
World, Our Thriving Future.
OTHER UPDATES:
DEFENCE
1. Cabinet approves Rs 19,000 cr mega Indian Navy deal: The Union Cabinet Committee on Security has cleared the acquisition of
over 200 BrahMos extended-range supersonic cruise missiles for deployment on
its warships. The deal, worth around Rs 19,000 crore, was cleared. The BrahMos
is the main weapon for anti-ship and attack operations for Indian Navy
warships, which have been regularly firing the weapon system. BrahMos
Aerospace, a joint venture of India and Russia, produces supersonic cruise
missiles.
BANKING AND FINANCE
1. Govt. allows 100% FDI in space sector: The Centre has approved an amendment in the Foreign Direct Investment,
FDI policy, allowing 100% foreign investment in the space sector. The
liberalized entry routes under the amended policy are aimed to attract
potential investors to invest in Indian companies in space. FDI up to 100%
under the Automatic route will be allowed for the manufacturing of components
and systems or sub-systems for satellites, ground segments, and user segments.
2. 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 (PMLA) recently
and submitted documents to FIU.
3. RBI grants payment aggregator licence to Mswipe Technologies: Merchant-led digital payments provider Mswipe Technologies said it has been granted a payment aggregator (PA) licence by the Reserve Bank of India. The company had 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. Till February 2024, 16 entities had received payment aggregator licences from the RBI. Among them are merchant payment solutions providers Juspay and Razorpay, fintech Stripe, search behemoth Google, neo-bank Open, software major Zoho and food-delivery company Zomato.
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