Current Affairs Quiz - February, 2024

Notes:
Union Minister Sarbananda Sonowal highlighted the significant potential of India’s inland waterways as a growth engine, emphasizing PM Narendra Modi’s focus on harnessing this vital resource. Speaking at Kalugaht, Bihar, he inaugurated the Kalughat Inland Waterways Transport terminal on National Waterways-1, emphasizing the cost-effectiveness of water transport. Sonowal credited Prime Minister for amending the Inland Vessel Act, simplifying permit systems and transforming India into a major player in riverways and maritime cargo handling with the increase of National Waterways from 5 to 111.

Notes:
The Armed Forces Medical Services (AFMS) and the Indian Institute of Technology (IIT) Roorkee signed a Memorandum of Understanding (MoU) to promote collaborative biomedical research. The goal of the MoU is to improve the combat medical support and patient care for serving personnel. The Director General (Org & Pers) Lt Gen SK Singh and the Director IIT Roorkee Prof Kamal Kishore Pant signed the MoU on behalf of their respective organizations.

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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:
As of February 2024, Germany is the world’s third largest economy, surpassing Japan. Japan’s economy was contracted by 0.4% in the fourth quarter of 2023, pushing the country into recession. This is due to weak domestic consumption, a weak yen, and a shrinking population. The IMF’s latest projections estimate Germany’s nominal GDP at $4.4 trillion this year, compared with $4.2 trillion for Japan.

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Researchers have uncovered a unique electric polarization mechanism in the mineral MnBi2S4, aka graţianite, a ternary manganese chalcogenide. It exhibits distinctive magnetic structures, such as spin density wave, cycloidal, and helical spin structures. Notably, the latter two induce ferroelectricity. MnBi2S4 is centrosymmetric and undergoes magnetic ordering at low temperatures (27, 23, and 21.5 Kelvins). This discovery could contribute to energy-efficient data storage.

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The ‘PM Vishwakarma Yojana’ by the Ministry of Micro, Small, and Medium Enterprises offers artisans and craftsmen affordable loans, skill training, modern equipment, and promotes digital transactions. With a budget of Rs 13,000 crore, the scheme covers 18 businesses and is set to run for five years until the financial year 2027-28, aiming to boost the growth and development of the micro, small, and medium enterprises sector.

Notes:
Astronomers announced the discovery of J0529-4351, the brightest and fastest-growing quasar to date. This quasar harbors a supermassive black hole 17 billion times the Sun’s mass. Quasars are active galactic nuclei (AGNs), fueled by supermassive black holes at a galaxy’s center. Not all AGNs are quasars, which form in regions of high matter density. Quasars are exceptionally luminous and powerful cosmic phenomena, arising from active galaxies with intense matter consumption, leading to the formation of spiraling accretion disks.

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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.

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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:
Punjab Chief Electoral Officer Sibin C has named Indian cricketer Shubman Gill as the state icon for the upcoming Lok Sabha polls. Gill will participate in various election campaigns to raise voter awareness and increase turnout in the state. Punjabi singer Tarsem Jassar has also been selected as a “state icon” and will conduct similar campaigns.