Current Affairs Quiz - February, 2024

Notes:
Reliance Industries Limited (RIL) recently achieved a historic milestone, becoming the first Indian company to surpass Rs 20 lakh crore in market capitalization. Market capitalization, or Market Cap, signifies a company’s market value based on its share price and outstanding shares. RIL’s achievement highlights its significant market presence, making it a large-cap company. Market capitalization is crucial for investors to assess a company’s value and predict future stock performance based on market perceptions and willingness to invest.

Notes:
India and the United Arab Emirates (UAE) announced that they would link their instant payment platforms, UPI (India) and AANI (UAE). The agreement will allow for seamless cross-border transactions between the two countries.  AANI is an instant payment platform that allows users to transfer and settle funds in less than 10 seconds. It initially supports transactions of up to $13,600.  The agreement is part of a number of pacts signed between the two countries in February 2024, including BIT and IGA on IMEC.

Notes:
Himachal Pradesh’s 2024-25 annual budget prioritizes environmental concerns, unveiling the Mukhya Mantri Harit Vikas Chhattravriti Yojana for postgraduate researchers. Chief Minister Sukhwinder Singh Sukhu, in the February 17 presentation, emphasized climate change threats and outlined action plans at district and Panchayat levels. The state aims to collaborate with the Union Ministry of Environment, Forest, and Climate Change and the German development agency GIZ to address climate change’s impact on agriculture and horticulture, conducting a need assessment study for effective mitigation.

Notes:
Lough Neagh, the largest freshwater lake in the British Isles, faces an alarming ecosystem collapse in 2024, marked by the absence of its native fly. Situated in East-central Northern Ireland, covering 392 sq km with a 5,700 sq km catchment area, it serves as a crucial water source, supplying over 40% of Northern Ireland’s drinking water. Known for Europe’s largest wild eel fishery and hosting 100 bird species, it holds cultural and archaeological significance as a jewel in the region.

Notes:
In February 2024, scientists uncovered the world’s largest anaconda in the Amazon rainforest—a colossal Northern Green Anaconda. Discovered by TV wildlife presenter Professor Freek Vonk during a National Geographic expedition, this previously unknown snake measures 26 feet, weighs 200 kg, and boasts a head the size of a human’s. Featured in National Geographic’s Disney+ series ‘Pole to Pole’ with Will Smith, the snake has been named ‘Eunectes akayima’ by researchers, solidifying its status as the planet’s largest and heaviest snake.

Notes:
Babar Azam, former Pakistan captain, set a historic record as the fastest batter to score 10,000 runs in T20 cricket during a Karachi Kings vs. Peshawar Zalmi match in PSL 2024. This remarkable feat makes him the 13th player to achieve this milestone, adding another accolade to his illustrious career.

Notes:
AIIMS Vijaypur in Jammu is founded under the Pradhan Mantri Swasthya Suraksha Yojana, addressing regional healthcare imbalances. The scheme aims to enhance affordable tertiary healthcare services and improve medical education facilities across India. This initiative reflects a commitment to ensuring accessible and quality healthcare infrastructure throughout the country.

Notes:
India has won three gold medals and one silver medal at the 2024 Asian Indoor Athletics Championships in Tehran, Iran. On the opening day of the championships, the following athletes won gold medals: Tajinderpal Singh Toor: Ace shot putter Jyothi Yarraji: 100m hurdler Harmilan Bains: 1500m

Notes:
Union Finance Minister chaired the 28th meeting of Financial Stability and Development Council (FSDC) in New Delhi. FSDC, established in 2010, is a non-statutory apex body under the Ministry of Finance. Proposed by the Raghuram Rajan Committee in 2008, it includes key financial institutions like RBI, IRDA, SEBI, and PFRDA, with members including the Finance Secretary, Chief Economic Advisor, and Secretary of the Department of Financial Services.

Notes:
Indian and Sri Lankan coast guard ships recently joined the Maldives for Exercise Dosti 16, a trilateral coast guard exercise held every two years since 1991. Sri Lanka joined in 2012, and the 16th edition involves the Coast Guards of India, Sri Lanka, and the Maldives, with observers from Bangladesh. The exercise focuses on mutual operational capability, interoperability, and cooperation in scenarios like sea accidents and pollution. India’s participation includes ICGS Samarth, ICGS Abhinav, and ICG Dornier.