Daily Current Affairs 24th Feb 2025: Your guide for daily General Knowledge Preparation
Dear Readers,
This post contains daily current affairs 24th Feb 2025. It includes all National, International, Business & Sports related current affairs 24th 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 24th Feb, 2025 Current affairs test.
National News
PM Narendra Modi Inaugurates Global Investors Summit 2025 in Bhopal
- Prime Minister Narendra Modi inaugurated the Global Investors Summit 2025 in Bhopal, Madhya Pradesh, a significant event aimed at bolstering investment in the state.
- During the summit, 18 newly formulated industrial policies were unveiled, designed to position Madhya Pradesh as a key investment destination.
- The event attracted leading industrialists and global investors, with discussions revolving around India’s growing role in global supply chains, particularly in the aerospace sector.
Hyderabad Hosts the International Art Exhibition Topographies of Tents, Terracotta, and Time.
- The city of Hyderabad has become the venue for an intriguing international art exhibition, providing an immersive visual and intellectual experience for art enthusiasts.
- The exhibition, titled “Topographies of Tents, Terracotta, and Time,” is a joint initiative by Srishti Art Gallery and Goethe-Zentrum Hyderabad.
Uttarakhand Government Introduces ₹1.01 Lakh Crore Budget for FY 2025-26
- Chief Minister Pushkar Singh Dhami’s government has introduced a ₹1,01,175.33 crore budget for the financial year 2025-26.
- The budget places a strong emphasis on infrastructure enhancement, welfare schemes, and overall economic development.
Science & Technology News
HAL and DIAT Forge Partnership for Aerospace Innovations
- Hindustan Aeronautics Limited (HAL) has entered into a Memorandum of Understanding (MoU) with the Defence Institute of Advanced Technology (DIAT), Pune, to promote aerospace sector research and technological advancements.
- The collaboration is aimed at bridging the gap between academia and industry, ensuring progress in cutting-edge aerospace technologies.
Ranks & Reports News
Global University Reputation Rankings 2025: US Dominates, Indian Institutions See Decline
- The Times Higher Education (THE) World Reputation Rankings 2025 have been released, with Harvard University securing the top spot for the 14th year in a row.
- The University of Oxford and the Massachusetts Institute of Technology (MIT) jointly hold the second position in the rankings.
- A total of 300 universities from 38 different countries were featured in the rankings, with US universities continuing to dominate the top positions.
Awards News
Mopa Airport Earns the ‘Sarvashrestha Suraksha Puraskar’
- Manohar International Airport, operated by GMR Goa International Airport Ltd, has created history by becoming India’s first airport to receive the prestigious “Sarvashrestha Suraksha Puraskar.
- The award was conferred during the NSCI Safety Awards 2024 held in Mumbai under the ‘Service Sector’ category.
- The recognition highlights the airport’s exceptional performance in Occupational Safety and Health.
Banking News
SEBI Imposes ₹10 Lakh Penalty on Axis Securities for Regulatory Violations
- The Securities and Exchange Board of India (SEBI) has fined Axis Securities ₹10 lakh for breaching stockbroker regulations.
- The penalty was based on an inspection covering the period from April 2021 to November 2022.
RBI Penalizes Citibank, Asirvad Micro Finance, and JM Financial for Non-Compliance
- The Reserve Bank of India (RBI) has imposed monetary penalties on:
- Citibank N.A., Asirvad Micro Finance, JM Financial Home Loans
- These penalties were levied due to violations related to large exposures, credit information reporting, and non-compliance with disclosure norms.
Bank Credit to NBFCs Drops to 4-Year Low of 6.7% in 2024
- RBI data indicates that bank lending to Non-Banking Financial Companies (NBFCs) has dropped to a four-year low of 6.7% in 2024.
- This reduction is attributed to:
- Tighter regulatory norms, Increased risk-weighting on loans to NBFCs
- Previously, bank credit to NBFCs exhibited strong growth, but financial constraints have led to a downturn in lending trends.
Economy News
India’s Road to High-Income Status by 2047
- According to a report by Bain & Company in partnership with Nasscom, India is on track to achieve high-income nation status by 2047.
- The country’s GDP is projected to range between $23 trillion and $35 trillion by that time.
- The services sector is expected to be the biggest contributor, accounting for 60% of the GDP, while manufacturing will contribute 32%.
Defence News
Indian Army Strengthens Air Defence Capabilities
- The Indian Army is modernizing its air defense systems to meet evolving security threats.
- Advanced defense systems such as the AK-203 rifle and Quick Reaction Surface-to-Air Missile (QRSAM) are being integrated.
- This modernization drive focuses on replacing outdated weapon systems and enhancing preparedness against drone warfare and emerging threats.
Business News
Bisleri and ASI Collaborate to Revive Heritage Water Bodies
- Bisleri International has signed an MoU with the Archaeological Survey of India (ASI) under the ‘Adopt a Heritage 2.0 Programme’.
- The initiative integrates heritage conservation and water sustainability, starting with four historic water bodies.
ONGC NTPC Green Acquires Ayana Renewable Power for $2.3 Billion
- ONGC NTPC Green Private Limited (ONGPL) has finalized a $2.3 billion acquisition of Ayana Renewable Power, strengthening its renewable energy portfolio.
Important Days
Central Excise Day 2025 – February 24
- Celebrated annually on February 24, this day honors the Central Board of Excise and Customs (CBEC) for its service to the nation.
