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CURRENT AFFAIRS : BANKING & FINANCE
IRDAI Clears Axis Bank’s ₹1,612 Crore Investment in Max Life Insurance, Awaits CCI Approval
- Max Financial Services has received approval from the Insurance Regulatory and Development Authority of India (IRDAI) for a capital infusion of Rs 1,612 crore by Axis Bank into the company’s material subsidiary, Max Life Insurance.
Key Highlights :
- Equity Shares Issuance: Max Life will issue approximately 14,25,79,161 equity shares to Axis Bank as part of the deal, representing the aggregate investment amount mentioned.
- Regulatory Approvals: While approval has been obtained from the Pension Fund Regulatory and Development Authority (PFRDA), Max Financial Services is also awaiting approval from the Competition Commission of India (CCI) for the transaction.
- Board Approval: .On August 9, 2023, the Board of Axis Bank had approved the proposal for the bank to infuse Rs 1,612 crore in Max Life, resulting in Axis Bank’s direct stake in Max Life increasing to 16.22% and the collective stake of Axis Entities increasing to 19.02%.
Recent News :
- In Aug 2023, Max Life Insurance Company Ltd. (Max Life) was appointed as the “Lead Insurer” for the State of Uttar Pradesh (UP) by the Insurance Regulatory and Development Authority of India (IRDAI).
About Max Life Insurance Company Limited :
- Founded : 2001
- Headquarters : New Delhi, Delhi, India
- MD & CEO : Mr Prashant Tripathy
- It is a 80:20 joint venture between Max Financial Services and Axis Bank.
- The company is a subsidiary of the publicly-listed Max Financial Services.
SBI Mutual Fund Introduces SBI Energy Opportunities Fund
- SBI Mutual Fund announced the launch of the SBI Energy Opportunities Fund.
- The scheme opened for public subscription on February 06, 2024, and will close on February 20, 2024.
- The scheme re-opens for continuous sale and repurchase within five business days from the date of allotment.
- This is an open-ended index equity scheme following the energy theme.
Key Highlights :
- This product is suitable for investors seeking
- Long-term capital appreciation.
- Investment in equity and equity-related instruments of companies engaged in and/or expected to benefit from the growth in traditional, new energy sectors and allied business activities.
- Investment objective of the scheme : To provide investors with opportunities for long-term capital appreciation by investing in equity and equity-related instruments of companies engaging in activities such as exploration, production, distribution, transportation, and processing of traditional and new energy including but not limited to sectors such as oil & gas, utilities, and power.
- However, there can be no assurance that the investment objective of the scheme will be realized.
- Minimum Investment: Investors can participate in the scheme with a minimum investment of ₹5000 per plan/option and in multiples of Re 1.
- There is no upper limit for investment.
- Fund Managers: Raj Gandhi and Pradeep Kesavan, who serves as the dedicated fund manager for overseas securities, are integral members of the fund management team for the SBI Energy Opportunities Fund.
Recent News :
- In Dec 2023, SBI Mutual Fund acquired shares of scheduled commercial bank Karur Vysya Bank for Rs 190 crore through open market transactions.
About SBI Mutual Fund :
- Founded : 29 June 1987
- Headquarters : Mumbai, Maharashtra
- MD & CEO : Mr. Shamsher Singh
Federal Bank Introduces RuPay-Backed NCMC Wallet Debit Cards
- Federal Bank launched National Common Mobility Card (NCMC) integrated debit cards.
- NCMC is a feature introduced on RuPay Contactless Debit Card which allows cardholders to make payments across NCMC-enabled terminals at metro stations, buses, etc in an offline mode, just by tapping the card on the card reader.
Key Highlights :
- Digitization of Payments: The initiative aims to streamline travel experiences by digitizing payments, offering convenience to cardholders
- Activation Process: Cardholders need to activate the NCMC functionality by enabling the “contactless feature” through mobile banking, internet banking, or IVR.
- Top-Up Process: Users can visit customer care desks at metro stations to activate and load money onto the card, either through cash or their existing savings account, with a maximum top-up limit of ₹2,000.
- Reload Options: Card balance can be reloaded through various channels, including cash transactions at authorized transit points or by linking the card to savings/current accounts.
- Balance Enquiry: Balance on the offline wallet can be checked at designated transport operators’ POS terminals, and customers can update their balance through the bank’s e-channels.
- Offline Transactions: For offline transactions, customers must activate the offline wallet, maintain a necessary balance, and tap the card at entry and exit gates of metro stations, with the fare deducted by the Automatic Fare Calculator (AFC) system.
- Transaction Limit: The upper limit for offline payment transactions is ₹200, subject to potential changes based on guidelines.
- Differentiation from Regular Cards: NCMC RuPay Debit Cards are dual-interface cards supporting both online (contact and contactless) and offline (contactless) transactions.
- Cards issued after April 2022 exclusively support the NCMC feature.
- Identification of Contactless Feature: Customers can identify the RuPay Contactless feature by checking for the contactless indicator printed on the card.
Recent News :
- In Nov 2023, Federal Bank announced a collaboration with NCDEX E-Markets Limited (NeML) to fortify the integration of e-procurement and e-auction systems.
About Federal Bank :
- Established : 23 April 1931
- Headquarters : Aluva, Kochi, Kerala, India
- MD & CEO : Shyam Srinivasan
- Tagline : Your Perfect Banking Partner
Bank of Maharashtra (BoM) Leads PSU Banks in Q3 with Highest Deposit Mobilization Growth
- Bank of Maharashtra (BoM) has recorded the highest growth rate in terms of deposit mobilisation among public sector lenders at a time when most lenders are facing difficulty in achieving double-digit growth.
- Out of 12 public sector banks, only BoM and State Bank of India (SBI) could log a double-digit growth in deposits in the third quarter ended December 2023.
Key Highlights :
- The Pune-based lender BoM reported a 17.89 per cent growth in deposits followed by SBI at 12.84 per cent during the quarter, according to published quarterly numbers of the public sector banks (PSBs).
- However, SBI’s total deposits were about 18.5 times higher at ₹45,67,927 crore, as compared to ₹2,45,734 crore of BoM in absolute terms.
- Central Bank of India was the third by clocking a 9.53 per cent growth in deposits while Punjab National Bank recorded a 9.10 per cent increase.
- In terms of low-cost CASA deposits, BoM continued to top the chart with 50.19 per cent followed by the Central Bank of India with 48.98 per cent.
- Higher level of Current Account and Savings Accounts (CASA) help banks to keep their cost of funds low.
- On the asset quality side, BoM and SBI reported the lowest gross Non-Performing Assets (NPAs) with 2.04 percent and 2.42 percent, respectively, as of December 31, 2023.
- In terms of Net NPAs, BoM and Indian Bank reported the lowest net NPA with 0.22 per cent and 0.53 per cent, respectively.
- Capital Adequacy Ratio (CRAR), BoM with 16.85 per cent is the highest amongst PSBs followed by IOB at 16.80 per cent and Punjab & Sind Bank at 16.13 per cent at the end of the third quarter of the current fiscal.
- During nine months of FY ’24, all 12 PSBs cumulatively reported a net profit of ₹98,355 crore as against a total profit of ₹104,649 crore for the full year of FY’23.
- PNB had the highest quarterly net profit growth with 253 per cent (₹2,223 crore) followed by Bank of India with 62 per cent growth (₹1,870 crore) and Union Bank of India with 60 per cent (₹3,590 crore).
- However, three lenders-SBI, UCO Bank and Punjab & Sind Bank, reported a fall in net profit by 35.49 per cent, 22.97 per cent and 69.44 per cent, respectively.
Juspay, Zoho, and Decentro Receive RBI Approval for Payment Aggregator Business
- Fintech startups Juspay and Decentro have secured the final license to operate as payment aggregators, joining the ranks of established players like Razorpay, Cashfree, and
Key Highlights :
- Diverse Offerings: Juspay previously functioned as a payment gateway specializing in ecommerce transactions, while Decentro focuses on enabling ecommerce and consumer-facing businesses to provide financial services like lending and KYC verification.
- Zoho’s Achievement: Zoho, a software-as-a-service (SaaS) startup, also obtained the payment aggregator license on February 2, marking its entry into the payment services sector and becoming the first enterprise SaaS player to receive such approval from the RBI.
- Regulatory Background: The RBI issued guidelines for payment aggregator licenses in March 2020, with Razorpay, Cashfree, and Open being among the initial recipients of regulatory approval in December of the same year.
- Other Major Players: Noteworthy entities such as Zomato, DigiO, Google, and Tata Digital have also acquired payment licenses, further diversifying the landscape of players in the payments industry.
What is meant by payment aggregator?
- A payment aggregator is a third-party service provider that enables customers to make and businesses to accept payments online.
- Payment aggregators enable their clients to accept various payment methods such as debit cards, credit cards, cardless EMIs, UPI, bank transfers, e-wallets, and e-mandates.
Tata Group Achieves Milestone as the First Indian Conglomerate to Surpass Rs 30 Lakh Crore Market Capitalization
- Tata Group has achieved a significant milestone by surpassing a combined market capitalization of Rs 30 lakh crore, becoming the first Indian conglomerate to achieve this valuation.
- With an overall valuation of Rs 30.6 lakh crore, Tata Group now holds the title of the most valued conglomerate in India, surpassing competitors like Reliance Group and Adani Group in market capitalization rankings.
Key Highlights :
- TCS Surge: Tata Consultancy Services (TCS), the flagship company of Tata Group, experienced a remarkable surge of over 9% in market capitalization in 2024, reaching Rs 15 lakh crore market cap as of February 5, 2024.
- Factors Driving Growth: The surge in Tata Group’s market value can be attributed to increased investor interest in shares of key entities like TCS, Tata Motors, Tata Power, and Indian Hotels since the beginning of the year.
- Mixed Performance: While several Tata Group companies have witnessed positive growth, some entities like Tejas Network, Tata Elxsi, and Tata Chemicals have experienced declines of over 10% in market capitalization so far in the year.
CURRENT AFFAIRS: NATIONAL NEWS
India, Turkey, and Qatar were named Guests of Honor at the 2024 World Governments Summit in Dubai.
- India, Türkiye, and Qatar have been declared the guests of honour at the 2024 World Governments Summit which is set to take place in Dubai from February 12-14.
- The summit, themed ‘Shaping Future Governments,’ will see the participation of over 25 government and state heads worldwide.
- The delegations from Türkiye, India, and Qatar will be led by their respective leaders: President Recep Tayyip Erdogan, Prime Minister Narendra Modi, and Prime Minister and Foreign Minister Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani.
- The guest countries will showcase their successful government experiences and best developmental practices during the summit, bringing together thought leaders, experts, and representatives of over 85 international and regional organisations with 120 governmental delegations, and 4,000 attendees.
- The event is expected to draw over 4,000 attendees, including representatives from 85 international and regional organizations.
About Turkey
- Capital: Ankara
- Currency: Turkish lira
About Qatar
- Capital: Doha
- Currency: Qatari Riyal
“Doubling of Motumari – Vishnupuram” and “Rail Over Rail at Motumari: Approval is given by the Cabinet Committee on Economic Affairs.
- The Cabinet Committee of Economic Affairs approved “Doubling of Motumari – Vishnupuram” and “Rail Over Rail at Motumari ”.
- Both projects have been approved at an estimated cost of nearly 1,740 crore rupees.
- The Projects falling in the States of Telangana and Andhra Pradesh are likely to boost the socioeconomic development of the region.
- Motumari – Vishnupuram section, stretching for a distance of 88.81 Km, connects the Kazipet – Vijayawada High-Density Network with the Secunderabad – Guntur Highly Utilised Network.
- It is a vital rail link connecting Andhra Pradesh, Orissa, and beyond with the States of Telangana, Karnataka, and Maharashtra.
- This critical rail line is also the shortest route connecting Secunderabad with Vijayawada.
- The doubling will facilitate faster transportation of agricultural products, cement, coal, and other local products, and seamless movement of people.
- The Rail Over Rail at Motumari Station will avoid cross movement of trains, avoid detention of trains, and facilitate seamless movement of trains in the section.
- Both projects will increase the capacity of the section, paving the way for the introduction and operation of more number of trains.
CURRENT AFFAIRS : STATE NEWS
Maharashtra Government to Launch ‘Chief Minister Vayoshree Yojana’
- The Maharashtra Government has decided to introduce the ‘Mukhyamantri Vayoshri Yojana’ aimed at benefiting around 15 lakh senior citizens with physical or mental disabilities.
About Mukhyamantri Vayoshri Yojana :
- Eligibility and Benefits: Citizens above 65 years of age suffering from disabilities will be screened, and eligible individuals will receive Rs 3,000 under the scheme.
- Implementation and Cost: The scheme, costing approximately Rs 480 crore, will be implemented across all districts of Maharashtra.
- Support Scheme for Cooperative Societies: The government has announced a support scheme to increase the confidence of depositors in cooperative societies.
- The government will create an independent entity that will pay deposits up to Rs 1 lakh in case of bankruptcy of a non-agricultural cooperative society.
- Funding: The government will contribute Rs 100 crore as the initial corpus for the support unit, and cooperative societies will also contribute ten paise for every Rs 100 of deposits
- Expected Beneficiaries: Approximately three crore depositors are expected to benefit from this decision.
- Property Tax Relief: The state cabinet decided not to increase property tax for citizens in Mumbai, with the Greater Mumbai Municipal Corporation bearing a burden of Rs 736 crore to provide relief.
- Other Cabinet Decisions: The cabinet approved plans to expand the Shirdi airport, seek salt pan land from the Center for the Dharavi redevelopment plan, and revise the retirement age for teachers in agricultural universities from 62 to 60 years.
About Maharashtra
- Governor: Ramesh Bais
- Chief Minister: Eknath Shinde
- Capital: Mumbai
- National Park: Tadoba National Park, Navegaon National Park
- Wildlife Sanctuaries: Bhimashankar Wildlife Sanctuary, Karnala Bird Sanctuary, Nagzira Wildlife Sanctuary
- UNESCO Heritage Sites: Chhatrapati Shivaji Maharaj Terminus, The Victorian and Art Deco Ensemble of Mumbai, Ajanta Caves, Elephanta Caves, Ellora Caves
CURRENT AFFAIRS : APPOINTMENTS & RESIGNATIONS
Vivek Kumar Gupta Assumes Role as Managing Director of National High-Speed Rail Corporation Limited
- Vivek Kumar Gupta, an officer of the Indian Railway Service of Engineers (IRSE) 1988 batch, assumed the position of Managing Director at the National High-Speed Rail Corporation Ltd (NHSRCL) .
- He succeeds Shri Rajendra Prasad who has served as MD of NHSRCL since July 2022.
About Vivek Kumar Gupta :
- Gupta, with an illustrious career, has held various senior positions in both the Central and Western Railways. His responsibilities included serving as Chief Administrative Officer (Construction), Chief Track Engineer, Chief Bridge Engineer, and Divisional Railway Manager (DRM).
- In this capacity, he played a role in overseeing the integrated functioning of seven departments: Civil (Works, Project Monitoring & Station Development), Electrical (RE), Signal & Telecommunication, Traffic, Finance, Planning, and Economic Directorates.
- During his tenure as Chief Engineer at Mumbai Rail Vikas Corporation (MRVC), Gupta played a crucial role in coordinating projects such as MUTP I/MUTP II and MUTP III, with a combined cost of approximately Rs 20,000 crore.
- He also spearheaded the preparation work for the MUTP 3A project, amounting to about Rs 34,000 crore.
- Prior to his current role, Gupta served as the Principal Executive Director/Gati-Shakti at the Railway Board under the Ministry of Railways.
About NHSRCL :
- Founded : 12 February 2016
- Headquarters : Delhi
- It was incorporated to manage the High-Speed Rail Corridor in India.
- It is a wholly-owned subsidiary of the Indian Railways, Ministry of Railways, Government of India.
- NHSRCL was formed under the Companies Act, 2013.
- The objective of this body is the development and implementation of high-speed rail projects in India.
- The corporation is a ‘Special Purpose Vehicle’ (SPV) in the joint sector with equity participation of the Ministry of Railways, Government of India and two State Governments – Gujarat and Maharashtra.
CURRENT AFFAIRS : SCIENCE & TECHNOLOGY
India’s first private launchpad readies for lift-off
- Satish Dhawan Space Centre in Sriharikota – a place that marked the majority of golden moments in the Indian space sector — another history is set to be made.
- Preparations are in the final stages by the Chennai headquartered space-tech startup Agnikul Cosmos for the maiden launch of India’s first-ever private launchpad and the second rocket launch by a private sector player.
- Its launch vehicle Agnibaan will take off from Sriha-rikota during the current financial year itself.
Key Highlights :
- Agnibaan is a two-stage launch vehicle with the capability to carry up to 100 kilogram payload to an extent of around 700 km to the lower earth orbit.
- Agnikul launch will be the world’s first single-piece 3-D printed engine, fully designed and manufactured in India.
- The vehicle has the capability for a plug-and-play engine configuration that is configu- rable to match the mission’s needs.
- It was in November 2022 that a private company, Skyroot Aerospace, successfully developed and operated launch vehicle Vikram-S, on a sub- orbital flight from SDSC SHAR, becoming the first player to do so.
National Aeronautics and Space Administration completes 1st phase of ambitious lunar nuclear reactor project
- The National Aeronautics and Space Administration (NASA) completes the first phase of its ambitious plan to deploy a nuclear fission reactor on the Moon.
Aim of the Project :
- To establish a small nuclear reactor capable of generating electricity for future lunar missions and settlements.
Key Highlights :
- Support for Lunar Missions: The nuclear reactor is expected to be a vital component in supporting NASA’s long-term plans for sustained human presence on the Moon, spanning at least 10 years.
- Contract Awards: In 2022, NASA awarded three $5 million contracts to private companies to develop initial designs encompassing the reactor, power conversion, heat rejection, power management, distribution systems, estimated costs, and development schedules.
- Limitations of Solar Power: Solar power faces limitations on the Moon due to the extended duration of lunar nights, lasting approximately 14 Earth days.
- This makes continuous power generation challenging.
- Advantages of Nuclear Reactor: Unlike solar power, a nuclear reactor placed in permanently shadowed areas, potentially near water ice deposits, could generate power continuously, regardless of weather conditions or time of day.
About NASA :
- Founded : July 29, 1958
- Headquarters : Washington, D.C, United States
- Administrator : Bill Nelson
CURRENT AFFAIRS: MOUS AND AGREEMENT
The Warehousing Development Regulatory Authority and Punjab & Sind Bank have signed an MOU to provide farmers with loans at low-interest rates
- To facilitate farmers and traders in providing low-interest rate loans, the Warehousing Development Regulatory Authority (WDRA) signed a Memorandum of Understanding (MoU) with the Punjab & Sind Bank (PSB).
- MoU was exchanged by Shri T.K. Manoj Kumar, Chairperson, WDRA, Sh. Swarup Kumar Saha, MD&CEO, PSB in the head office of PSB.
- This event is attended by Dr. Ram Jass Yadav, ED, PSB, Sh. Ravi Mehra, ED, PSB from PSB and Sh. Naveen Barolia, Dy. Director (M&C), Sh. Sai Pradeep Gopisetty, Asst. Director (SA&O) from WDRA.
- The MoU was signed with the intent of promoting awareness to fund against e-NWRs (electronic Negotiable Warehouse Receipt).
- The MoU is aimed to provide information to depositors of the benefits, besides doing further outreach activities to improve agricultural pledge finance in India.
- PSB is offering loans against e-NWRs with no collateral and attractive rate of interest.
- Under agriculture sector, upto Rs. 75 lakh and for other category borrowers, upto Rs. 5 crores loans are extended.
- During the event, a presentation was made by WDRA on the importance of post-harvest pledge financing using electronic Negotiable Warehouse Receipts (e-NWRs) for improving rural credit.
- The bank representatives also highlighted the challenges faced by the lending institutions in this sector.
- WDRA assured their full regulatory support in improving the fiduciary trust among stakeholders.
CURRENT AFFAIRS: SPORTS NEWS
The Mission Olympic Cell has granted approval to Judokas and Shooters for Global Competitions
- Mission Olympic Cell (MOC), Ministry of Youth Affairs and Sports, has approved Judokas Himanshi Tokas, Shraddha Chopade and Asmita Dey for participation in multiple competitions.
- Junior Asian Championship Gold medallist Himanshi Tokas and Junior Oceania Championship Gold medallist Shraddha Chopade will be heading to France Grand Slam, Azerbaijan Grand Slam, Uzbekistan Grand Slam and Austria Grand Prix.
- Junior Asian Cup Gold medallist Asmita Dey will join in Paris for the France Grand Slam.
- Under its ‘Target Olympic Podium’ (TOP) Scheme funding will cover the airfare, boarding, lodging, insurance and local transportation costs for all the competitions and training periods.
- The MOC has also approved shooter Elavenil Valarivan’s proposal to participate in the upcoming International Shooting Sport Federation World Cup in Spain.
The logo, anthem, mascot, jersey, and torch for the 2023 Khelo India University Games are all unveiled by the Assam Chief Minister
- Assam Chief Minister Dr Himanta Biswa Sarma ceremonially launched the Logo, Anthem, Mascot, Jersey and Torch of Khelo India University Games – 2023, Ashtalakshmi in Guwahati in the presence of Nisith Pramanik, Union MoS for Youth Affairs & Sports and Home Affairs.
- Assam had successfully conducted the National Games and SAARC Games and assured of providing the best facilities and service to all the participating members in this sporting event.
- Nisith Pramanik, Union MoS for Youth Affairs & Sports and Home Affairs said that our country is progressing very fast in the sports sector and it is turning itself into a sporting nation. Our sportspersons’ presence and contribution at international sporting events are also increasing tremendously and we are winning medals.
- The Union Minister said that this Khelo India University Games will provide them the platform for the University students to prepare themselves for greater international events.
- The State government in association with the Sports Authority of India is going to host the Fourth Khelo India University Games, 2023 in Guwahati from 19th to 29th February, 2024.
- The event will be organised at 18 venues in 7 cities during 11 days duration where around 4500 athletes are expected to participate in 20 sporting disciplines.
- Over 200 universities will participate in the mega-university event.
India clinched the SAFF U-19 Women’s Championship by defeating Bangladesh in the final in Dhaka.
- India has won the South Asian Football Federation’s (SAFF) U-19 Women’s Championship beating defending champion Bangladesh in the final of the four-nation tournament in Dhaka, Bangladesh.
- The winner of the match was decided by a toss after a lengthy penalty shootout.
- All eleven players from each side converted their penalties in the shootout after the contest ended 1-1 at full time.
- Sibani Devi gave India the lead in the eighth minute but Bangladesh striker Sagorika scored the equalizer in the last minutes of the game to take it to penalties.
- In the group stage, India won comfortably against Bhutan and Nepal but lost to Bangladesh.
- India entered the final as the second-place finishers in the group.
- Bangladesh reached the final as top finisher by winning all the league matches.
The Centre provided athletic scholarships to athletes under the Khelo India scholarship programme in 2023-24 for a total of over Rs 30 crore.
- The Centre has awarded over 30 crore rupees to athletes under the Khelo India scholarship scheme during the 2023-24 financial year.
- The Youth Affairs and Sports Ministry said in a release that the Sports Authority of India has granted a total annual scholarship of over six lakh 28 thousand rupees to almost three thousand athletes under the Khelo India scholarship scheme.
- The Ministry said this amount was spent on training, coaching, diet, medical insurance, kits and out-of-pocket allowance for the athletes.
- It added that close to eight crore rupees has been awarded in each quarter of the outgoing financial year with over seven crore 70 lakh rupees spent during the last quarter between January and March this year.
CURRENT AFFAIRS: IMPORTANT DAYS
National Deworming Day: 10th February
- National Deworming Day 2024 is observed on the 10th of February 2024.
- Worms can create long-term health issues in Children and interfere with their health, education, and overall well-being, even if their effects might not be visible immediately.
- Without knowing, children can carry worms for a long time and the only visible symptoms might be their hindered physical and mental health.
- It was therefore deemed necessary to treat all children despite not appearing sick and the observation of national deworming day came into being.
- According to a report by the World Health Organisation, around 241 million children in India, all between the ages of 1 and 14 years are at risk of parasitic intestinal worms.
- The Presence of these parasitic worms also known as Soil- Transmitted Helminths (STH)
- National Deworming Day was launched first on 10th February 2015.
World Pulses Day: 10th February
- World Pulses Day 2024 is observed on the 10th of February 2024.
- Building on the success and momentum of the I.Y.P., and recognizing the potential of pulses to further achieve the 2030 Agenda for Sustainable Development, Burkina Faso, a landlocked West African nation, proposed the global observance of World Pulses Day.
- On December 20, 2018, the General Assembly of the United Nations proclaimed February 10 as World Pulses Day through resolution (A/RES/73/251), and the day has been celebrated as a global event since 2019 and supported by many member nations.
- According to the U.N., pulses remain influential in mitigating the global challenges of poverty, food security and nutrition, human health, and soil health.
Daily CA One- Liner: February 10
- India, Türkiye, and Qatar have been declared the guests of honour at the 2024 World Governments Summit which is set to take place in Dubai from February 12-14.
- The Cabinet Committee of Economic Affairs approved “Doubling of Motumari – Vishnupuram” and “Rail Over Rail at Motumari ”.
- To facilitate farmers and traders in providing low-interest rate loans, the Warehousing Development Regulatory Authority (WDRA) signed a Memorandum of Understanding (MoU) with the Punjab & Sind Bank
- Mission Olympic Cell (MOC), Ministry of Youth Affairs and Sports, has approved Judokas Himanshi Tokas, Shraddha Chopade and Asmita Dey for participation in multiple competitions
- Assam Chief Minister Dr Himanta Biswa Sarma ceremonially launched the Logo, Anthem, Mascot, Jersey and Torch of Khelo India University Games – 2023, Ashtalakshmi in Guwahati in the presence of Nisith Pramanik, Union MoS for Youth Affairs & Sports and Home Affairs
- India has won the South Asian Football Federation’s (SAFF) U-19 Women’s Championship beating defending champion Bangladesh in the final of the four-nation tournament in Dhaka, Bangladesh.
- The Centre has awarded over 30 crore rupees to athletes under the Khelo India scholarship scheme during the 2023-24 financial year
- National Deworming Day 2024 is observed on the 10th of February 2024.
- World Pulses Day 2024 is observed on the 10th of February 2024.
- Max Financial Services has received approval from the Insurance Regulatory and Development Authority of India (IRDAI) for a capital infusion of Rs 1,612 crore by Axis Bank into the company’s material subsidiary, Max Life Insurance.
- SBI Mutual Fund announced the launch of the SBI Energy Opportunities Fund.
- Federal Bank launched National Common Mobility Card (NCMC) integrated debit cards.
- Bank of Maharashtra (BoM) has recorded the highest growth rate in terms of deposit mobilisation among public sector lenders at a time when most lenders are facing difficulty in achieving double-digit growth.
- Fintech startups Juspay and Decentro have secured the final license to operate as payment aggregators, joining the ranks of established players like Razorpay, Cashfree, and
- Tata Group has achieved a significant milestone by surpassing a combined market capitalization of Rs 30 lakh crore, becoming the first Indian conglomerate to achieve this valuation.
- The Maharashtra Government has decided to introduce the ‘Mukhyamantri Vayoshri Yojana’ aimed at benefiting around 15 lakh senior citizens with physical or mental disabilities.
- Vivek Kumar Gupta, an officer of the Indian Railway Service of Engineers (IRSE) 1988 batch, assumed the position of Managing Director at the National High-Speed Rail Corporation Ltd (NHSRCL).
- Satish Dhawan Space Centre in Sriharikota – a place that marked the majority of golden moments in the Indian space sector — another history is set to be made.
- The National Aeronautics and Space Administration (NASA) completes the first phase of its ambitious plan to deploy a nuclear fission reactor on the Moon.
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