Daily Current Affairs 23rd Feb 2025

Daily Current Affairs 23rd Feb 2025: Your guide for daily General Knowledge Preparation

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This post contains daily current affairs 23rd Feb 2025. It includes all National, International, Business & Sports related current affairs 23rd Feb 2025. A brief explanation of every current affair is provided to further enhance your general knowledge. Once you have gone through these current affairs we would recommend to you to try 23rd Feb, 2025 Current affairs test.

National News

Prime Minister Narendra Modi Launches the Inaugural SOUL Leadership Conclave

Prime Minister Narendra Modi officially launched the first-ever edition of the School of Ultimate Leadership Leadership Conclave 2025 at Bharat Mandapam in New Delhi.
Addressing a distinguished gathering that included prominent leaders and young aspiring individuals, he stressed the pivotal role of leadership in the progress of a nation.
He further emphasized the need for grooming exceptional leaders across diverse fields, ensuring a strong foundation for India’s future development.

India’s GDP Growth Forecasted to Decline to 6.4% in 2025: Moody’s Analytics

A report released by Moody’s Analytics predicts that India’s economic growth rate will slow to 6.4% in 2025, compared to 6.6% in 2024.
Several external factors, such as new trade tariffs imposed by the United States and a decline in global demand, are expected to negatively impact India’s export sector.
The Asia-Pacific region is also experiencing an economic downturn, with China’s GDP projected to fall from 5% in 2024 to 4.2% in 2025.

India’s First Zoo-Based Biobank Established n at PNHZP, Darjeeling

India has taken a major step in wildlife conservation with the establishment of its first-ever zoo-based biobank at Padmaja Naidu Himalayan Zoological Park (PNHZP) in Darjeeling, West Bengal.
This facility, which has been operational since July 2024, aims to store and preserve genetic material from endangered species to support future conservation efforts.
Additionally, the zoological park has inaugurated an animal museum, which serves as an educational and research hub to enhance conservation activities.

Banking News

RBI Announces $10 Billion Swap to Boost Liquidity in the Banking System

The Reserve Bank of India has scheduled a three-year dollar-rupee buy-sell swap auction worth $10 billion.
This strategic move is aimed at increasing liquidity in the banking sector and ensuring financial stability.
According to RBI, this measure is designed to meet the long-term liquidity requirements of the financial system.

RBI Proposes Abolishing Foreclosure Charges on Floating-Rate Loans for Retail and MSME Borrowers

The Reserve Bank of India has introduced draft guidelines proposing the removal of foreclosure charges on floating-rate loans for individual and MSME borrowers.
This proposal also applies to loans availed by individual borrowers for business purposes.
If implemented, the move will allow borrowers to switch lenders more freely and prepay their loans without incurring penalties, which currently range from 4-5% of the outstanding loan amount.

Appointment News

Shaktikanta Das Appointed as Principal Secretary-II to PM Modi

Former Reserve Bank of India Governor Shaktikanta Das has been officially appointed as Principal Secretary-II to Prime Minister Narendra Modi.
The announcement was made via an official notification issued by the Secretariat of the Appointments Committee of the Cabinet.
His extensive expertise in financial matters is expected to be instrumental in tackling economic challenges, including trade disputes, currency fluctuations, and slowing GDP growth.

Kash Patel to Lead the US Bureau of Alcohol, Tobacco, Firearms, and Explosives

Kash Patel, who was recently appointed as the Director of the Federal Bureau of Investigation (FBI), is set to take on an additional role as the Acting Director of the Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF).
This leadership change follows the removal of ATF General Counsel Pamela Hicks by Attorney General Pam Bondi.
The decision is in line with President Donald Trump’s directive to dismiss all remaining Biden-era U.S. Attorneys.

Business News

Bajaj Allianz Life Introduces India’s First Bima-ASBA Facility

Bajaj Allianz Life Insurance Company (BALIC) has introduced Bima-Application Supported by Blocked Amount (Bima-ASBA), becoming the first insurer in India to adopt this payment mechanism.
The initiative, which has been introduced under the guidelines of the Insurance Regulatory and Development Authority of India (IRDAI), aims to enhance transparency and simplify premium payments for policyholders.

Tata Power and AWS Partner to Modernize India’s Energy Sector

Tata Power has entered into a strategic collaboration with Amazon Web Services to upgrade its digital infrastructure and support India’s clean energy transition.
The partnership will leverage advanced cloud computing, artificial intelligence, and the Internet of Things to improve operational efficiency and power grid resilience.

Awards News

Purnima Devi Barman Recognized in TIME’s Women of the Year 2025 List

Purnima Devi Barman, a renowned Indian biologist and wildlife conservationist, has been featured in TIME Magazine’s Women of the Year 2025 list.
She is among 13 global figures honored in this list, which also includes celebrated personalities such as Nicole Kidman and Gisele Pelicot.
Her impactful work in conserving the greater adjutant stork (Hargila) has garnered international recognition, particularly in India, Cambodia, and other countries.

Sports News

Vishvaa Rajakumar Becomes the Memory League World Champion 2025

Indian memory athlete Vishvaa Rajakumar, aged 20, has emerged as the winner of the Memory League World Championship 2025.
This prestigious competition, covered by The New York Times, tests participants on their ability to memorize and accurately recall sequences of numbers, images, and words within the shortest possible time.
His exceptional performance in this elite competition has cemented his reputation as one of the world’s most skilled memory champions.