NATIONAL
UPDATES:
1. Govt
launches its own QR code BharatQR for cashless payments: The government
on Monday launched a QR (quick response) code-based payment solution called
BharatQR to allow cashless payments without a card swiping machine. BharatQR
has been jointly developed by MasterCard, Visa and Rupay. A customer will scan
the BharatQR code to pay directly to a merchant. Currently, BharatQR is
integrated into ICICI Bank’s Pockets app and HDFC Bank’s PayZapp.
2. CBI
files an FIR against its former Director AP Singh: Following a
complaint by the Enforcement Directorate, the CBI on Monday filed a case
against its ex-Director AP Singh, meat exporter Moin Qureshi and two others in
a money laundering case. The CBI also conducted raids on Singh's residence in
connection with the case. Last year, a Look Out Circular was issued against
Qureshi to ensure his presence during investigation.
3. Raj
Bhawan in Goa becomes cashless:The
Raj Bhavan in Goa has turned cashless with all their transactions including
household expenses and tour expenditures shifting from regular to plastic
money, starting Monday. Governor Mridula Sinha made the first transaction to
mark the occasion. The Goa government had announced that the coastal state will
increasingly opt for cashless transactions.
4. 1%
tax on cash purchase of jewellery for more than ₹2 lakh: Cash purchases
of jewellery will attract 1% tax collected at source (TCS) from April 1 if the
amount exceeds ₹2 lakh, as against the current threshold of ₹5 lakh. Once the
Finance Bill 2017 is passed, jewellery will be treated on par with general
goods. This comes amid the government's decision banning cash transactions
above ₹3 lakh from April 1.
5.
Malana
to impose ₹1 lakh fine for drug peddling: Malana, a
village in Himachal Pradesh's Kullu district known for its cannabis production,
has decided to impose a penalty of ₹1 lakh for people indulging in narcotic
trade. The Panchayat resolution, which also bans smoking, will come into effect
from February 25, Malana's Panchayat pradhan Baghi Ram said. The village had
earlier also banned locals from employing Nepalese labour.
6.
Barren Island: India’s only live volcano active again:
According to scientists from Goa based National Institute of Oceanography
(NIO), India’s only live volcano at Barren Island in the Andaman and Nicobar
has become active again. After lying dormant for 150 years, Barren Island
volcano had erupted in 1991 and since then it is showing sporadic activity. Now
it is erupting in small episodes of five to 10 minutes.
INTERNATIONAL UPDATES
1. Scientists claim discovery of Zealandia
a submerged continent in Pacific Ocean: Geologists have
claimed discovery of new geological continent named Zealandia submerged beneath
the south-west Pacific Ocean. Zealandia is around 4.5-million square km land
mass and is 94% under water. Only its highest points — New Zealand and New
Caledonia are visible.
2. February 20: World Day of Social Justice: The World Day of Social Justice is observed every year on February 20 to recognize the need to promote efforts to tackle issues such as poverty, exclusion and unemployment. To mark this occasion, UN and International Labour Office had organised several organisations to spread importance of social justice for people.
2017
Theme:
“Preventing conflict and sustaining peace through decent work”
SPORTS:
1. Kohli 1st Indian athlete to sign a ₹100 cr deal with
a brand: Virat
Kohli has become the first Indian athlete to sign a deal worth over ₹100 crore
with a brand, after signing up with Puma. With the reportedly eight-year-long
deal, Kohli will join Usain Bolt, Asafa Powell and Thierry Henry as Puma's
global ambassador. Puma will launch a signature line of sports lifestyle
products with a special logo and brand identity.
2. Tymal Mills most expensive bowler in IPL history at
₹12 cr: England's
Tymal Mills became the most expensive bowler in IPL history after the Royal
Challengers Bangalore bought the 24-year-old for ₹12 crore during this year's
auction on Monday. Mills, whose base price was ₹50 lakh, is also the
fourth-most expensive player in the tournament's history behind Yuvraj Singh
(₹16 crore), Ben Stokes (₹14.5 crore) and MS Dhoni (₹12.5 crore).
3.
'Rural Olympics' concludes in Ludhiana: Kila
Raipur Sports Festival, which is popularly known as the 'Rural Olympics', came
to a close in Ludhiana with participants performing daredevil stunts. The
three-day festival included events like wrestling, athletics, dog racing and
extreme stunts. Stunts, like lifting stacks of bricks and pulling cars with the
beard or teeth, were also performed at the event.
BANKING/FINANCE:
4. Savings account weekly withdrawal limit increased to
₹50,000:Beginning
from Monday, the maximum cash withdrawal limit from savings account has been
increased to ₹50,000 a week from ₹24,000. The relaxation is followed by an RBI
notification issued on January 30, announcing the changes in the weekly
withdrawal limits effective from February 20. The limits on cash withdrawals
from savings bank account will be withdrawn completely from March 13.