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CURRENT AFFAIRS OF FEBRUARY 18



We bring you the complete and important daily current affairs  to achieve more marks in Banking, Insurance, UPSC, SSC, CLAT, Railways and all other competitive Exams. We prepare it based on our daily current affairs.Hope you like it.

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INTERNATIONAL AFFAIRS

UAE becomes 1st Arab Nation to issue license to operate a reactor at its Nuclear power plant

The United Arab Emirates representative to the International Atomic Energy Agency Mr. Hamad al-kaabi announced that the National Nuclear Regulator has issued an Operating license for a reactor at its Barakah nuclear power plant and becomes the 1st arab country in the world to operate a nuclear power plant.

About United Arab Emirates (UAE):
Capital- Abu Dhabi
Currency- United Arab Emirates Dirham
President- Khalifa bin Zayed Sulatn Al Nahyan
Prime Minister & Vice President- Mohammed bin Rashid Al Maktoum



BANKING & FINANCE

RBI conducts 3- year Long term Repo Rate Operations(LTRO) for ₹25,000 crore


What is LTRO?
On February 6, 2020, the RBI released “Statement on Developmental and Regulatory Policies” which stated about Long Term Repo Operations (LTROs) for improving monetary transmission. It is aimed at providing cheaper money to banks at the repo rate so that it can be used to boost credit growth. RBI decided to conduct Long Term Repo Operations (LTROs) for one-year and three-year tenors for up to a total amount of ₹ 1,00,000 crores at the policy repo rate.



Atal Bhujal Yojana (ABHY): World Bank inks $ 450 mn loan with India for groundwater management in select states

in the states of Gujarat, Maharashtra, Haryana, Karnataka, Rajasthan, Madhya Pradesh, and Uttar Pradesh (UP) and cover 78 districts.


ECONOMY & BUSINESS

World Population Review Report: India becomes 2019’s 5th largest economy; US tops

India has become the  fifth-largest in the world with a GDP (Gross Domestic Product) of $2.94 trillion

In terms of purchasing power parity (PPP), India’s GDP is $10.51 trillion, exceeding that of Japan and Germany. Due to India’s high population, India’s GDP per capita is $2,170.
ii.India’s service sector is the fast-growing sector in the world accounting for 60% of the economy and 28% of employment.


NATIONAL AFFAIRS

India to get Peninsular & Air Defence Command by next 2021, theatre commands by 2022

India’s first Chief of Defence Staff (CDS) General Bipin Rawat has proposed Peninsular Command by merging Western and the Eastern Command of the Indian Navy


Sanjay Agarwal inaugurated 4th National Conference on PMFBY in Udaipur, Rajasthan

Pradhan Mantri Fasal Bima Yojana (PMFBY) held in Udaipur, Rajasthan. It was inaugurated by Sanjay Agarwal, Secretary, Ministry of Agriculture & Farmers Welfare. Organized by the Ministry of Agriculture and Farmers Welfare

Bihar to get north India’s first bird ringing station and MoU inked in Gujarat

The bird ringing station will be at Bhagalpur, Bihar

Delhi-based IGIA (Indira Gandhi International Airport) becomes 1st single-use plastic-free airport of India

UP becomes 1st in India to enforce Performance regulation act 2019 for electricity department

About Uttar pradesh(UP):Capital– Lucknow
Chief minister– Yogi Adityanath
Governor– Anandiben Patel
National Park– Dudhwa National Park
Folk dances– Nautanki, Raslila, Kajri, Jhora, Chappeli, Jaita.

80% Indian bird species population on decline in past 5 yrs: State of India’s Bird 2020 report


AWARDS & RECOGNITIONS    

Laureus world sports awards 2020 in Berlin, Germany:Sachin tendulkar collects sporting moment of the year 2000-2020

Argentine star footballer Leonel Messi and Formula One driver Luis Hamilton were jointly voted Sportsman of the Year 2020.

South African rugby legend Bryan Habana has been inducted into the Laureus World Sports Academy.

APPOINTMENTS & RESIGNATIONS  

15th Finance commission constitutes 8-member panel headed by ITC chairman Sanjiv Puri to boost agri exports


Australia appointed Barry O’Farrell as new high commissioner to India

About Australia:
Capital- Canberra.
Currency- Australian Dollar (AUD).
Prime Minister (PM)- Scott John Morrison.


ACQUISITIONS & MERGERS

CCI Competition Commission of India approves acquisition of WABCO Holdings by ZF Friedrichshafen AG

the Competition Commission of India (CCI) has approved for the acquisition of WABCO (Westinghouse Air Brake Company) Holdings Inc. by ZF (“Zahnradfabrik” which means Gear Factory) Friedrichshafen AG (Automotive industry in Germany)

total equity value of USD 7 billion


SCIENCE & TECHNOLOGY

Delhi Police integrated with Uber launched “Himmat Plus app” 

About Delhi:
Chief Minister (CM)- Arvind Kejriwal.
Deputy CM- Manish Sisodia.
Governor- Anil Baijal.


SPORTS

India to host 16-team FIH( International Hockey Federation )Junior Men’s World Cup 2021, South Africa to host women’s edition

About International Hockey Federation (FIH):
Founded- 7 January 1924.
Motto- FairPlay Friendship Forever.
Headquarters- Lausanne, Switzerland.

NADA bans Javelin thrower Amit Dahiya for four years

About National Anti-Doping Agency (NADA):
Headquarters- New Delhi
Founded- 2005
Chairman- Minister of Sports (India)
Chief Executive Officer (CEO)- Navin Agarwal


OBITUARY

Tapas Pal, former Trinamool Congress MP & Bengali actor, passed away at 61


Former Manchester United goalkeeper and Munich hero, Harry Greg, passed away at 87


Hall of Fame golfer Mickey Wright passed away at 85