Current Affairs is the most important area in all competitive exams. But the difficulty level is very high. That’s why; many aspirants get confused, how to select Current Affairs for Preparation of Competitive Examination? In this Post, Daily Current Affairs 25 February 2022, we have tried to cover each and every point and also included all important facts from National/ International news that are useful for upcoming competitive examinations such as UPSC, SSC, Railway, State Govt. etc.
Daily Current Affairs 25 February 2022
IBM launches new Cybersecurity Hub in Bengaluru to address cyberattack in Asia Pacific
International Business Machines Corp. (IBM) said on Wednesday it is launching a cybersecurity hub in Bengaluru to address the concerns of its clients across the Asia Pacific (APAC) region. The security hub will be one of the only two centres globally. The other one is in the US. IBM said it is a “multi-million dollar investment in its resources to help businesses prepare for and manage the growing threat of cyberattacks to organizations across the APAC region.”
The multi-million dollar IBM Security Command Center will be located at IBM office in Bengaluru in Karnataka. It is first of its kind facility in the region. The new cyber security hub is one of the only two such centres of IBM globally. The other one is located in the US.
According to the latest IBM global analysis, Asia is the most targeted region for cyberattacks, representing 26% of attacks analyzed in 2021.
RBI directs NBFCs to implement ‘Core Financial Services Solution’ by September 30, 2025
The RBI has mandated that non-banking financial companies (NBFCs) – middle and upper layer — having 10 and more ‘Fixed point service delivery units’ as on October 1, 2022, will have to implement Core Financial Services Solution (CFSS), akin to the Core Banking Solution (CBS) adopted by banks, by September 30, 2025.
Core Financial Services Solution (CFSS) for NBFC is similar to what Core Banking Solution (CBS) is for banks. NBFC-Upper Layers (UL) have to also ensure that the CFSS is implemented at least in 70 per cent of ‘Fixed point service delivery units’ on or before September 30, 2024.
For base layer NBFC and middle and upper layer NBFCs having fewer than 10 fixed point service delivery units implementation of CFSS has been made voluntary.
Moody’s projects India’s growth estimates to 9.5% in CY2022
Rating agency Moody’s has revised the economic growth estimates of India for Calendar Year (CY) 2022 and CY2023, in its Global Macro Outlook 2022-23, as follows:
- CY2022- 9.5 percent (Earlier it was 7 percent)
- CY2023 – 5.5 percent
WEF and National Institute of Urban Affairs signs MoU to jointly designed ‘Sustainable Cities India program’
The World Economic Forum and the National Institute of Urban Affairs have signed a Memorandum of Understanding to collaborate on a jointly designed Sustainable Cities India program. The program is aimed to create an enabling environment for cities to generate de-carbonization solutions. The program also intends to enable cities to decarbonize in a systematic and sustainable way that will reduce emissions and deliver resilient and equitable urban ecosystems.
Objective of this MoU on ‘Sustainable Cities India program’: to create an enabling environment for cities to generate decarbonization solutions across the energy, transport, and the built environment sectors. The ‘Sustainable Cities India program’ aims to enable cities to decarbonize in a systematic and sustainable way that will reduce emissions and deliver resilient and equitable urban ecosystems.
City Sprint process and Toolbox of Solutions of WEF will be used for decarbonization of 5 to 7 Indian cities across 2 years.
Sanjeev Sanyal inducted as full-time member in Economic Advisory Council to PM
The Finance ministry’s principal economic advisor Sanjeev Sanyal has been inducted as a full-time member in the Economic Advisory Council to the Prime Minister (EAC-PM), according to an official order by the cabinet secretariat. He has been appointed for a tenure of two years. Sanyal is currently serving as the principal economic adviser in the Ministry of Finance.
Author Anirudh Suri pens book titled ‘The Great Tech Game’
Indian author Anirudh Suri has come out with his new book titled “The Great Tech Game: Shaping Geopolitics and the Destinies of Nations.’
It has been published by HarperCollins India. In this book, the author lays out a roadmap for how any country must develop its own strategic plan to succeed in this technology-dominant era. Anirudh Suri is the founding partner and managing director of India Internet Fund.
GoI launches the “Janbhagidari Empowerment” portal in J&K
The Central Government launched the “Janbhagidari Empowerment” portal in the Union Territory of Jammu and Kashmir, in line with the government’s digital mission. The portal was hosted on a different server with higher bandwidth, in order to provide easy and ready accessibility to the general public.
It is a one-stop interactive and user-friendly digital platform. It provides detailed insights to people into nature, status as well as the number of developmental works that are being executed in their areas.
Works could be searched with respect to their location in each block or municipality, village and district. The portal has also been linked with schemes like MGNREGA, Swachh Bharat Mission (Rural), Swachh Bharat Mission (Urban), PM Awas Yojana, and PM Gram Sadak Yojana, under execution in Government. Users will have to click on these links to gain instant access to works that are being carried out under these schemes.
RBI announces dollar/rupee two-year sell buy swap auction
The Reserve Bank of India (RBI) announced a US Dollar/Rupee two-year sell buy swap auction with a view to elongating the maturity profile of its forward book and smoothen the receivables relating to forward assets.
The Central bank will undertake a sell/buy swap auction of $5 billion, which will enable access to a wider set of market participants. RBI will conduct a spot sale to sell USD 5 billion to banks in exchange of rupees, through this auction on March 10, 2022.
On March 11, 2024, it will make a forward purchase from banks in two years. The forward purchase will help in reducing RBI’s current foreign exchange reserves and increase its two-year forward USD purchases.
India receives three more Rafale Fighter Jets from France
Three more Rafale fighter aircraft of the Indian Air Force (IAF) reached India on February 22, 2022, Tuesday evening from France. The aircraft took off from a French airbase and were provided mid-air refuelling by the Air Force of the United Arab Emirates (UAE). With the arrival of the latest three aircraft, India has now received a total of 35 of the 36 Rafale jets for which it signed a contract with France in September 2016.
With this new arrival of the three jets, the total Rafale fleet with Indian Air Force (IAF) has reached 35. The 36th and final aircraft will arrive in India from France by March- April 2022, and will be a trainer aircraft. In September 2016, India exchanged Rs 59,000 crore deal with France for 36 Rafale fighter jets.
Boeing delivers 12th P-8I maritime patrol aircraft to the Indian Navy
Boeing delivered the 12th P-8I maritime patrol aircraft to India on Wednesday, February 23, making it the fourth of four additional aircraft delivered under the options contract signed by the Ministry of Defence in 2016.
The Ministry of Defence had signed a contract for eight P-8I aircraft in 2009. However, later in 2016, it signed a contract for four additional P-8I aircraft.
Rakesh Sharma re-appointed as MD & CEO of IDBI Bank for 3 years
IDBI Bank informed the stock exchanges that its board has approved the re-appointment of Rakesh Sharma as Managing Director and Chief Executive Officer of the company for a period of three years with effect from 19 March. Rakesh Sharma then moved from the position of Chief General Manager in SBI to Lakshmi Vilas Bank Ltd. as MD & CEO and served there from March 2014 till September 2015.
Sharma has been appointed for a period of three years with effect from March 19, 2022. He was previously appointed as the MD & CEO of the bank in October 2018.
HUL appoints Nitin Paranjpe as non-executive Chairman and Sanjiv Mehta as CEO & MD
Consumer goods company Hindustan Unilever Ltd (HUL) announced the splitting up of positions of the company’s chairman of the board and the chief executive officer & managing director, in line with Securities and Exchange Board of India’s mandate seeking listed companies to now voluntarily split the two roles.
Nitin Paranjpe has been appointed as the Non-Executive Chairman of the company with effect from March 31, 2022. He is currently serving as Chief Operating Officer of Unilever, the parent company of HUL. Sanjiv Mehta will continue to be the Chief Executive Officer & Managing Director (CEO & MD) of the company.
