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:
A statue of U Tirot Sing, a Khasi Hills freedom fighter who resisted British colonialism 200 years ago, was recently unveiled at the Indira Gandhi Cultural Centre in Dhaka. Known as the ‘Hero of the Khasi Hills,’ Tirot Sing’s heroic struggle against British forces in 1829, during the Anglo-Khasi War, has inspired many. Captured and dying in Dhaka on July 17, 1835, Tirot Sing’s legacy is celebrated, with Deputy Chief Minister Sniawbhalang Dhar and High Commissioner Pranay Verma attending the unveiling.

Notes:
The 12th edition of the MILAN naval exercise took place in Visakhapatnam from February 19–27, 2024. The exercise, which has the theme “Forging Naval Alliances for a Secure Maritime Future,” aims to strengthen collaboration between participating navies.

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OpenAI has introduced Sora, a cutting-edge generative artificial intelligence (GenAI) model capable of transforming text prompts into high-quality videos up to a minute in length. GenAI utilizes machine learning to produce content by learning patterns from training data. Sora maintains visual excellence and follows user prompts, showcasing the potential of AI in creative content generation.

Notes:
The Kula Mama Volleyball Tournament-2024 at Melghat Tiger Reserve’s Semadoh promotes tiger and forest conservation with local youth engagement. Melghat Tiger Reserve, Maharashtra, established in 1967, declared a tiger reserve in 1974, and the first in the state, is located in the Amaravati district. Characterized by tropical dry deciduous forests and major rivers, it plays a crucial role in protecting wildlife. The tournament underscores the significance of preserving this pristine landscape and its inhabitants.

Notes:
The Neem Summit & Global Neem Trade Fair, hosted in New Delhi on 19-20 February 2024, is a collaborative initiative led by ICAR-Central Agroforestry Research Institute, Jhansi. With diverse stakeholders, the event highlights neem’s versatile applications in agriculture, healthcare, and environmental sustainability. Embracing the theme “Neem for Sustainable Agriculture, Health, and Environment,” the summit aims to spotlight neem’s multifaceted benefits and promote its role in fostering sustainability across various sectors.

Notes:
Prime Minister Narendra Modi laid the foundation stone of Shri Kalki Dham Temple in Sambhal district, Uttar Pradesh. Constructed by Shri Kalki Dham Nirman Trust, chaired by Acharya Pramod Krishnam, the temple’s unique feature is its ten garbh grihas, representing all ten avatars of the Lord, including the human form. The Prime Minister highlighted the intricate architecture, emphasizing the embodiment of various divine forms in the scriptures.

Notes:
The Odisha government recently launched the “Swayam” scheme to provide interest-free loans to the state’s youth. The scheme aims to support young entrepreneurs by providing loans of up to Rs 1 lakh to help them start small businesses and contribute to the state’s business environment.

Notes:
The World Health Organization (WHO) launched the Global Initiative on Digital Health (GIDH) as part of India’s G20 presidency. The initiative aims to democratize digital health technologies, featuring components such as a country needs tracker and a transformation toolbox. Union Health Minister Mandaviya highlighted its role in creating an institutional framework for digital health, while Bagchi emphasized India’s digital response during the pandemic. WHO Director-General Dr Tedros emphasized GIDH’s support in addressing health system fragmentation and overlap, promoting global digital health standards.

Notes:
Japan has pledged JPY 232 billion for nine projects in India, as confirmed by the exchange of notes on February 20, 2024, between Vikas Sheel of the Indian Ministry of Finance and Suzuki Hiroshi, the Japanese Ambassador. The committed ODA loan assistance covers various initiatives, including the Dhubri-Phulbari Bridge, NH 127B (Phulbari-Goeragre section), start-up promotion in Telangana, Chennai Peripheral Ring Road (Phase 2), sustainable horticulture in Haryana, climate change response in Rajasthan, medical facilities in Nagaland, urban water supply in Uttarakhand, and the Dedicated Freight Corridor Project.