Current Affairs Quiz - February, 2024

Notes:
The International Monetary Fund (IMF) has upgraded India’s GDP growth forecast to 6.7% for the current fiscal year, a 40 basis points rise from the previous estimate of 6.3%. This positive revision is credited to strong public investment and positive labor market trends, as outlined in the latest World Economic Outlook report.

Notes:
The Reserve Bank of India (RBI) has imposed restrictions on Paytm Payments Bank (PPBL). The restrictions will come into effect on February 29, 2024. The RBI has ordered PPBL to stop accepting fresh deposits in its accounts or wallets after February 29, 2024. The RBI has also ordered PPBL to halt deposits and credit transactions after February 29, 2024. Customers will face restrictions on deposits, credit transactions, and top-ups. Certain services, including fund transfers and UPI facilities, will be discontinued. The RBI’s action against PPBL follows a comprehensive system audit report and subsequent compliance validation report of external auditors.

Notes:
The Interim Budget prioritizes the advancement of ‘Blue Economy 2.0,’ concentrating on sustainable development concerning oceans, seas, and coasts. Key initiatives include schemes for coastal restoration, aquaculture, and mariculture, with an integrated approach. Plans encompass setting up five integrated aquaparks and enhancing the Pradhan Mantri Matsya Sampada Yojana for increased productivity, exports, and job creation. The Blue Economy is defined by the World Bank as the sustainable use of ocean resources for economic growth and improved livelihoods, preserving ocean ecosystem health.

Notes:
Vice Admiral Lochan Singh Pathania is the Chief Hydrographer of the Indian government. Pathania is a Hydrography Specialist who has a naval career spanning over four decades. He joined the Indian Navy in 1990 in the Executive branch. He has commanded the ships Darshak and Sandhayak, and has carried out hydrographic surveys across India and the Indian Ocean Region.

Notes:
New maps reveal a hidden hydrothermal system under Lake Rotorua, at a dormant volcano’s heart in New Zealand. Hydrothermal systems, common near convergent plate boundaries and mid-ocean ridges, need fluids, heat, and permeability. Seawater percolates through oceanic crust, heating to 350-400°C, producing chemically modified hydrothermal fluid. Ejected to the seafloor, it forms chimney-like deposits, supporting deep-sea chemosynthetic communities. This discovery highlights the dynamic geological processes beneath the lake, providing insights into hydrothermal systems’ intricate workings.

Notes:
Exercise Vayu Shakti-24 will be held on February 17, 2024 at the Pokhran Air to Ground Range, near Jaisalmer, Rajasthan. The exercise will demonstrate the Indian Air Force’s offensive and defensive capabilities. The exercise will involve over 100 aircraft, including fighter jets, transport aircraft, helicopters, mid-air refuellers, airborne warning and control system (AWACS) aircraft, and unmanned systems. The fighter planes will target and destroy simulated enemy sites with missiles, precision-guided munitions, bombs, and rockets.

Notes:
The theme for the 2024 International Day of Zero Tolerance for Female Genital Mutilation (FGM) is “Her Voice, Her Future”. The theme highlights the important role of community-led initiatives in achieving lasting change. The International Day of Zero Tolerance for FGM is an annual awareness day sponsored by the United Nations that takes place on February 6 as part of the UN’s efforts to eradicate FGM. It was first introduced in 2003.

Notes:
Namibia’s President, Hage Geingob, has died at 82 following cancer treatment. The first prime minister post-independence, he became Namibia’s third president in 2014, securing re-election in 2019. Geingob, a key figure since independence from South Africa, held the record for Namibia’s longest-serving prime minister before assuming the presidency. His passing marks the end of a significant era in Namibian political history.

Notes:
Nikhil Mukund Wagh, a public relations officer at Goa Shipyard Limited, was awarded the 2024 Maha Gaurav Award in February 2024. The award was presented by Maharashtra Deputy CM Ajit Pawar on behalf of the Digital Media Editor Journalist Association Maharashtra.

Notes:
The Indian Institute of Corporate Affairs (IICA) hosted ‘The Great Indian Board Reboot: Roadshow 2024’ at NSE Headquarters, Mumbai in collaboration with NSE India and BSE. The event united 200+ delegates, including business leaders and governance experts, addressing corporate governance challenges. Keynote speakers highlighted the importance of diversity, adaptability, and technology integration in board compositions. Panel discussions explored topics like technological advancements, innovation, environmental sustainability, and the broadening spectrum of diversity in corporate boards. The event aims to set new benchmarks in Indian corporate governance discussions.