Daily Current Affairs 26th February, 2022

Daily Current Affairs 26 February 2022 for Banking/Insurance/SSC and other related exams.

NATIONAL NEWS

Govt approves continuation of IVFRT scheme for five years with financial outlay of Rs 1,364 crore
The government has approved continuation of the Immigration Visa Foreigners Registration Tracking, IVFRT scheme for a period of five years with a financial outlay of over one thousand 364 crore rupees. The scheme will be in effect from April 2021 to March 2026.

  • After the commencement of IVFRT, the number of Visa and Overseas Citizen of India’s cards registered a growth at a Compounded Annual Growth Rate, CAGR of 7.7 percent.

Education Ministry launches Bhasha Certificate Selfie campaign
Ministry of Education has launched a Bhasha Certificate Selfie Campaign to encourage cultural diversity and promote multilingualism and to foster the spirit of Ek Bharat Shreshtha Bharat. Bhasha Certificate Selfie initiative aims to promote Bhasha Sangam mobile app, developed by Ministry of Education and MyGov India. Using the app, people can learn 100 sentences of daily use in 22 scheduled Indian languages.

  • The initiative is encouraging people to upload their selfie with the certificate from their social media accounts using the hashtag Bhasha Certificate Selfie.
  • To receive a certificate authorized by Ministry of Education, a user needs to download the mobile app, select any language from 22 scheduled Indian languages, finish all the levels, give a test and earn a certificate.

G. Kishan Reddy inaugurates the conference on Indian Temple Architecture titled “DEVAYATANAM – An Odyssey of Indian Temple Architecture”
In a celebration under Azadi Ka Amrit Mahotsav, Archaeological Survey of India (ASI) of Ministry of Culture, a two-day international conference ‘Devayatanam – An odyssey of Indian temple architecture’ for 25th & 26th February, 2022 began at Hampi, Karnataka.

  • The Minister further said that this was in line with the overall vision of the Prime Minister Shri Narendra Modi who inspires us with 5 V’s, i. e. Vikas (development), Virasat (heritage), Vishwas (trust), Vignan (knowledge) will lead us to becoming a vishwaguru so that India shows the world the way.

Union Minister Narayan Rane inaugurates Konkan Bamboo and Cane Development Center in Maharashtra
Union Minister for Small, Micro, and Medium Enterprises Narayan Rane inaugurated the Konkan Bamboo and Cane Development Center (KONBAC) at Kudal in Sindhudurg district of Maharashtra.

  • He said that Konkan region is famous for mango and cashew nut growers, many people have accepted these products as business products, similarly, the need is to concentrate on the growth of Bamboo production as a business product that would have tremendous potential.

Latest edition of Indian Navy’s multilateral exercise MILAN 2022 commences in Visakhapatnam
The latest edition of Indian Navy’s multilateral exercise MILAN 2022 has commenced in Visakhapatnam. Milan,2022 is being conducted over a duration of 09 days in two phases with the harbour phase scheduled from 25th to 28 February and Sea Phase from 01 to 04 March.

  • India is celebrating the 75th year of its independence in 2022, and MILAN 22 provides an opportunity to commemorate this milestone with our friends and partners.
  • The theme of the MILAN, 2022 exercise in ‘ Camaraderie – Cohesion- Collaboration’ which aims to project India as a responsible maritime power to the World at large.
  • The RK Beach in Visakhapatnam is all designed for the mega event.

India, Japan to hold joint military exercise in Karnataka from Feb 27-Mar 10
A joint military exercise, EX DHARMA GUARDIAN-2022, between India and Japan will be conducted at Foreign Training Node, Belagavi in Karnataka from 27th February to 10th of March. Exercise DHARMA GUARDIAN is an annual training event which is being conducted in India since 2018.

  • Notably, in the series of military training exercises undertaken by India with various countries, Exercise DHARMA GUARDIAN with Japan is crucial and significant in terms of security challenges faced by both nations in the backdrop of current global situation.
  • The 12 days long joint exercise schedule includes house interventions drills, raid on terrorist hideouts in semi urban terrain, combat first aid, unarmed combat and close quarter combat firing.


INTERNATIONAL NEWS

Cyclone Emnati hits Madagascar; island’s 4th major storm in a month
Winds of up to 135 kilometres per hour (84 mph) battered Madagascar as Cyclone Emnati made landfall, becoming the fourth major storm to hit the Indian Ocean island in a month.

  • Emnati struck on the southeastern side of the island, where another cyclone, Batsirai, killed scores of people just under three weeks ago.
  • The island is still recovering from the effects of Cyclone Batsirai, which hit on Feb. 5, killing at least 124 people, damaging or destroying the homes of 124,000 and displacing around 30,000.
  • Sometime back, Storm Dumako killed at least 14 and displaced more than 4,300.
  • Tropical Storm Ana passed over the island on Jan 22 while Tropical Storm Cliff did not make landfall.


BANKING & FINANCE

Union Minister Narayan Rane launches MSME RuPay Credit Card
Union Minister for MSME, Narayan Rane announced establishment of MSME-Technology Centre at Sindhudurg and launched the MSME RuPay Credit Card.

  • The MSME-Technology Center to be set up at Sindhudurg at a cost of about Rs 200 crore will enhance the competitiveness of MSME industries.
  • MSME RuPay Credit card will enable the user to avail the facility of digital payment at any time.

Union Bank launches ‘Union MSMERuPay Credit Card’
Union Bank of India (UBI), in association with National Payments Corporation of India (NPCI), has launched ‘Union MSME RuPay Credit Card’ for meeting business related operational expenses of Micro, Small & Medium Enterprises(MSMEs). This Card comes with interest free credit up to 50 days.

  • MSMEs will also get specially curated business services on this Card which will help them in taking their business on most of the digital platforms, per the statement.
  • Additionally, MSME customers will get accidental insurance coverage of up to ₹10 lakh, domestic airport lounge access of 2 per quarter and other rewards, the Bank said.


BUSINESS & ECONOMY

Finance ministry releases Rs 1348 crore to six states for providing grants to Urban Local Bodies
The Finance Ministry has released 1348 crore rupees to six states Jharkhand, Karnataka, Kerala, Odisha, Tripura, and Tamil Nadu for providing grants to Urban Local Bodies.

  • The 15th Finance Commission in its report for the period from 2021-22 to 2025-26 has divided the Urban Local Bodies into two categories, million-plus urban cities excluding Delhi and Srinagar and all other cities and towns with less than one million population.
  • In the current financial year, the Union Government has released a total amount of 10,699 crore rupees so far to the states as grants to the non-million plus cities.

India’s overall ranking on IP protection improves, says USCC report
India has improved its overall IP score from 38.4 per cent to 38.6 per cent, and the country is ranked 43 out of 55 countries on the International Intellectual Property Index, according to an annual report compiled by the influential US Chambers of Commerce.

  • India’s overall score has increased from 38.40 percent (19.20 out of 50) in the ninth edition to 38.64 percent (19.32 out of 50) in the 10th edition. This reflects a score increase on indicator 32, said the report Global Innovation Policy Center of the US Chambers of Commerce.
  • The Index is topped by the US with 95.48 percent followed by the United Kingdom (UK) with 94.14 percent and third position is occupied by Germany with 92.46 percent.45 economies improved their overall score in this 10the edition.

Brickworks Ratings lowers India’s GDP to 8.3% in FY22
Brickworks Ratings has revised downwards India’s GDP growth forecast to 8.3 per cent in the current fiscal 2021-22 (FY22). Earlier in January 2022, the rating agency had estimated this between 8.5-9 per cent.

  • Brickwork Ratings is one of the seven Sebi-registered credit rating agencies (CRA).

Hero Electric Signs Partnership With Grip to Offer Lease Finance Solutions
Hero Electric has joined hands with Grip, an alternative investment platform, for its lease financing solutions to retail investors. With the partnership, the company aims to encourage the adoption of electric vehicles (EVs) by leasing them to last-mile delivery, logistics as well as other e-commerce players keen to electrify their fleets.

  • Under the partnership, 20,000 Hero Electric NYX scooters will be sourced by Grip with a targeted 10,000 scooter deployment in the current calendar year. “


SPORTS

Dabang Delhi Beat Patna Pirates to Become PKL Season 8 Champions
Dabang Delhi K C clinched the VIVO Pro Kabaddi League Season 8 trophy by eking out a close 37-36 win over Patna Pirates in the summit clash.

Delhi’s star raider Naveen Kumar (13 points) and all-rounder Vijay (14 points) secured Super 10s as they overcame a tough challenge from three-time champions Patna Pirates.

Mirabai Chanu secures Gold Medal in Singapore Weightlifting International
Mirabai Chanu is set to represent India at the Commonwealth Games 2022 after securing a gold medal in the 55 kilogram category by lifting a total of 191 kilograms in the Singapore Weightlifting International.

  • Chanu who was competing in the 55 kilogram category for the very first time, lifted 191 kilograms to stand on top of the podium in an uncompetitive field.

India women’s team batter VR Vanitha, 31, announces retirement
Batter VR Vanitha, who represented the country in six women’s ODIs and 16 T20Is from 2014 to 2016, has announced retirement from all forms of the game at the age of 31.

  • She called her retirement from the game “not the end but the beginning of a new challenge”.


APPOINTMENTS

Digital India CEO Abhishek Singh named National e-Governance Division chief
Abhishek Singh IAS (Nagaland 1995), has been appointed Chief Executive Officer, National e-Governance Division (NeGD), Ministry of Electronics & Information Technology, in the rank and pay of Additional Secretary, vice Shri M Srinivas Rao IAS(AM:1987) by temporarily upgrading the post to Additional Secretary level. The officer will continue to hold the additional charge of the post of Managing Director & Chief Executive Officer, Digital India Corporation.

D2H ropes in Rishabh Pant as its brand ambassador
Dish TV India Limited’s DTH brand D2H, has brought Rishabh Pant on board as its new brand ambassador. The cricketer will feature in 360-degree brand communication for the next two years.

  • Dish TV India Limited is a direct-to-home (DTH) company with brands such as Dish TV, Zing and D2H under its ownership.


OBITUARIES

Former Odisha CM Hemanand Biswal passes away
Former Chief Minister of Odisha Hemanand Biswal passed away. He was undergoing treatment in a private hospital in capital Bhubaneswar. He was 82. He was the Chief Minister of the state for two brief terms from 1989 and from 1999. He was elected to the state assembly for six times while in 2009 he was elected to the Parliament from the Sundargarh constituency.

Former Indian Football Team Coach Rustam Akramov, Who Gave Debut to Bhaichung Bhutia Passes Away
Former Indian football team coach Rustam Akramov, who introduced the legendary Bhaichung Bhutia to the international game in 1995 and took the Blue Tigers to their highest-ever FIFA ranking, has died at his native place in Uzbekistan. He was 73.



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