Read the important current affairs of 22 February 2024. Today Current Affairs covers the headlines IIT Hyderabad Campus, Cybercrime Report 2023, and National Livelihood Mission(NLM).
Daily Current Affairs – 22 February 2024
Students who study current affairs gain understanding of topics like politics, economics, and social issues, all of which are critical to their total growth as knowledgeable citizens. Students that consistently read and study the 22 February 2024 Current Affairs can improve their exam scores and get ready for their future as responsible, knowledgeable members of society.
Current affairs of 22 February 2024, pertains to the most recent global news and events that have bearing on our day-to-day activities. As a crucial component of the general studies section, staying up to date with the 22 February 2024 Current Affairs is crucial for students getting ready for exams. The 22 February Current Affairs is significant because it can assist students become more knowledgeable about general topics, strengthen their reading and comprehension skills, and grow as critical thinkers.
National Affairs
India Liberates Space Sector for Foreign Investment
India has unlocked its space sector for 100% foreign direct investment (FDI) by revising its FDI policy. The updated policy sets relaxed FDI thresholds for different sub-sectors and activities within the space domain. This move is anticipated to streamline business operations in India, attracting more FDI and fostering economic growth, investments, and job opportunities.
Government Initiatives for People with Disabilities
Dr. Virendra Kumar, the Union Minister of Social Justice and Empowerment, inaugurated projects worth over Rs 100 crore aimed at empowering people with disabilities. Notable among these projects is the Vocational Training Centre at SVNIRTAR, Cuttack, spanning 4563 square meters. The center offers diverse vocational training programs, including LED repair, beauty therapy, mobile hardware repair, and soft skills training.
Prime Minister Unveils IIT Hyderabad Campus
The Indian Institute of Technology Hyderabad (IITH) witnessed the inauguration of its transformative Campus Development Project by Prime Minister Shri Narendra Modi. The dedication ceremony included various facilities such as the International Guest House, Convention Centre, Technology Incubation Park, Knowledge Centre, and more, collectively valued at Rs 1089 Cr.
State News
Education Minister Launches PM SHRI Schools in Chhattisgarh
Union Minister Dharmendra Pradhan, along with Chief Minister Vishnu Deo Sai, inaugurated 221 PM SHRI schools in Raipur. Additionally, initiatives like Digital Library for Kendriya Vidyalaya and Virtual Reality labs for Navodaya Vidyalaya were introduced. These efforts signify a progressive integration of technology into the educational framework, enriching students’ learning experiences.
Economy News
Morgan Stanley Forecasts India’s GDP Growth for FY25
Morgan Stanley Research projects India’s GDP growth for FY25 at 6.5%, slightly lower than the previous fiscal year’s projection. Despite this moderation, the report maintains optimism about the Indian economy, citing improvements in domestic demand and macro stability. The analysis highlights robust services exports and declining global commodity prices as supporting factors.
Banking News
PayPal Registers with FIU-IND Under Anti-Money Laundering Law
Following a penalty imposed in December 2020, PayPal has registered with the Financial Intelligence Unit-India (FIU-IND) under anti-money laundering regulations. The registration mandates PayPal to report large or suspicious transactions and implement stringent customer verification procedures, enhancing regulatory compliance in the fintech sector.
Ranks & Reports
India Ranks 80th in Cybercrime Report In 2023
India ranked 80th globally for cybercrime incidents. Local threats affected approximately 34% of users, resulting in the blocking of over 74 million incidents by Kaspersky products. Threats ranged from malicious programs on users’ devices to those hidden within complex installers or encrypted files.
Schemes Update
Expansion of National Livelihood Mission (NLM)
The Union Cabinet has approved modifications to the National Livelihood Mission (NLM), introducing new subsidy provisions. Under the revised scheme, individuals and various organizations can receive a 50% capital subsidy, up to ₹50 lakhs, for establishing enterprises related to horses, donkeys, mules, and camels. Additionally, state governments will support breed conservation efforts, allocating funds for establishing semen stations and nucleus breeding farms.
Agreements
ADA and IAF Collaborate to Enhance Tejas Aircraft Capabilities
The Aeronautical Development Agency (ADA) has signed a Memorandum of Understanding (MoU) with the Indian Air Force (IAF) to enhance the operational capabilities of the Light Combat Aircraft Tejas. This partnership aims to integrate advanced weapons and sensors onto the Tejas platform, ensuring its readiness and effectiveness in modern warfare scenarios.
Sports
Babar Azam Sets T20 Milestone Former Pakistan Captain
Babar Azam achieved a significant milestone by becoming the fastest player to score 10,000 runs in T20 cricket. This feat was accomplished during a match between Karachi Kings and Peshawar Zalmi in the Pakistan Super League (PSL) 2024, adding another remarkable achievement to Azam’s career.