Daily Current Affairs February 05

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February 05 | Daily Current Affairs 2025

Important Days – Daily Current Affairs February 05

1. When is World Interfaith Harmony Week observed every year as per the UN resolution?
A) January 1 to 7
B) February 10 to 16
C) February 1 to 7
D) March 15 to 21
E) April 2 to 8
Answer: C) February 1 to 7

Event and Location:

• Event: World Interfaith Harmony Week 2026 observed to promote interfaith understanding
• Location: Globally (led by the United Nations)
• Date: February 1–7, 2026

Mandates and Objectives:

• Mandates: The United Nations observes World Interfaith Harmony Week annually to encourage interfaith dialogue and peaceful coexistence among different religious groups.
• Objectives: Promote peace, non-violence, religious tolerance, and mutual respect as foundations for sustainable peace and social harmony.

Important Terms Explained:

• World Interfaith Harmony Week (WIHW): A UN-designated observance (Feb 1–7) that fosters dialogue and understanding between people of different religions and beliefs.
• A Common Word Initiative: A 2007 interfaith effort led by Muslim and Christian leaders emphasizing shared values like love for God and neighbour.
• UN Resolution A/RES/65/5: The official resolution passed on October 20, 2010, by the United Nations General Assembly (UNGA), proclaiming WIHW as an annual global observance.
• Interfaith Dialogue: Constructive and respectful conversation between individuals or groups of different religious beliefs to promote mutual understanding and cooperation.

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2. When did the National Small Industries Corporation (NSIC) celebrate its 71st Foundation Day?
A) February 5 2026
B) January 31 2026
C) March 1 2026
D) February 4 2026
E) April 2 2026
Answer: D) February 4 2026

Event and Location:

• Event: 71st Foundation Day celebration of National Small Industries Corporation
• Location: New Delhi, India
• Date: February 4, 2026

Mandates and Objectives:

• Mandates: NSIC hosted its 71st Foundation Day to highlight its achievements and commitment to MSME sector development.
• Objectives: The event aimed to showcase NSIC’s support in capacity building, innovation, credit access, digital transformation, and to promote Atmanirbhar Bharat through MSME empowerment.

Important Terms Explained:

• National Small Industries Corporation (NSIC): A Government of India enterprise under the Ministry of MSME that provides integrated support services including marketing, finance, and technology to promote MSMEs.
• MSME (Micro, Small and Medium Enterprises): These are small-scale industrial, service, or trading businesses that form the backbone of the Indian economy in terms of employment and industrial output.
• Atmanirbhar Bharat: A national vision launched by the Indian government to make India self-reliant by promoting local manufacturing, innovation, and reduced dependence on imports.

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Obituary – Daily Current Affairs February 05

3. Renowned travel writer and Padma Shri awardee Hugh Gantzer passed away in February 2026 at what age?
A) 85
B) 90
C) 95
D) 88
E) 92
Answer: C) 95

Event and Location:

• Event: Death of Padma Shri awardee and travel writer Hugh Gantzer
• Location: Mussoorie, Uttarakhand, India
• Date: February 2, 2026

Mandates and Objectives:

• Mandates: Hugh Gantzer, a pioneer in Indian travel writing and a Padma Shri recipient, passed away at the age of 95.
• Objectives: Recognise his lifetime contribution to literature, travel journalism, and cultural storytelling that shaped the genre of travel writing in India.

Important Terms Explained:

• Padma Shri: The fourth-highest civilian award in India, conferred for distinguished contributions in various fields including literature and education.
• Doordarshan: India’s public service broadcaster, for which Hugh Gantzer produced 52 travel documentaries that showcased India’s heritage and culture.
• Sexes and the City: A long-running weekly column by Hugh Gantzer, published in The Times of India, noted for its engaging commentary on social and travel-related themes.

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Business and Economy – Daily Current Affairs February 05

4. How much compounding fee did the RBI impose on One 97 Communications in February 2026 for FEMA violations?
A) ₹12.50 lakh
B) ₹20 lakh
C) ₹18.76 lakh
D) ₹4.28 lakh
E) ₹33 lakh
Answer: C) ₹18.76 lakh

Event and Location:

• Event: RBI imposed compounding fee on One 97 Communications for FEMA violations
• Location: India (Transaction involved Singapore-based investor)
• Date: February 2026

Mandates and Objectives:

• Mandates: The Reserve Bank of India (RBI) imposed a compounding fee of ₹18.76 lakh on One 97 Communications Limited (OCL) for violations under FEMA, 1999 related to foreign investment transactions.
• Objectives: Ensure compliance with FEMA rules, regulate foreign investments, and enforce proper disclosure by listed companies through SEBI norms.

Important Terms Explained:

• FEMA (Foreign Exchange Management Act), 1999: Indian legislation that governs foreign exchange and cross-border investment transactions, ensuring orderly management of foreign exchange in India.
• Compounding of Offences: A voluntary mechanism under FEMA allowing entities to admit to violations and resolve them by paying a fee, thus avoiding further legal proceedings.
• SEBI LODR Regulations, 2015: Regulatory framework that mandates listed companies to disclose material information to stock exchanges for transparency and investor protection.
• One 97 Communications Limited (OCL): Parent company of Paytm Payments Services, involved in digital payments and fintech operations across India and abroad.

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5. Which retail company became the first in the world to reach a market capitalisation of USD 1 trillion in January 2026?
A) Amazon
B) Target
C) Costco
D) Walmart
E) Alibaba
Answer: D) Walmart

Event and Location:

• Event: Walmart becomes the world’s first retail company to achieve USD 1 trillion market value
• Location: Global (Headquartered in Bentonville, Arkansas, USA)
• Date: January 2026

Mandates and Objectives:

• Mandates: Walmart Inc. achieved a market capitalisation of USD 1 trillion following a sharp rise in stock value, driven by technological transformation and AI integration.
• Objectives: To enhance operational efficiency, scale digital retail offerings, and drive long-term value creation through AI-led logistics and inventory systems.

Important Terms Explained:

• Market Capitalisation: The total value of a publicly traded company’s outstanding shares, calculated as share price multiplied by total shares.
• Nasdaq-100: A stock market index consisting of the 100 largest non-financial companies listed on the Nasdaq exchange. Walmart was added in December 2025.
• Artificial Intelligence (AI): Technology enabling machines to simulate human intelligence; Walmart uses AI to optimize supply chains and customer service.
• Same-Store Sales: A retail metric measuring revenue generated by existing stores compared to previous periods; Walmart exceeded estimates for 15 straight quarters.
• Omnichannel Retail: A strategy combining online and offline retail to offer customers a seamless shopping experience across all platforms.

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6. What is Goldman Sachs’ revised GDP growth forecast for India for Calendar Year 2026 (CY26)?
A) 6.5%
B) 6.7%
C) 6.8%
D) 6.9%
E) 7.1%
Answer: D) 6.9%

Event and Location:

• Event: Goldman Sachs raises India’s GDP growth forecast for CY26 to 6.9%
• Location: India (global outlook issued by Goldman Sachs)
• Date: February 2026

Mandates and Objectives:

• Mandates: Global investment bank Goldman Sachs increased India’s CY26 GDP growth forecast by 20 basis points, from 6.7% to 6.9%, following improved external trade dynamics.
• Objectives: Reflect positive sentiment stemming from reduced US tariffs, improved trade conditions, and anticipated growth in exports, private investment, and capital expenditure.

Important Terms Explained:

• GDP (Gross Domestic Product): The total market value of all goods and services produced in a country during a specific time period; a key measure of economic performance.
• Current Account Deficit (CAD): The difference between the value of goods and services a country imports and exports; a lower CAD indicates stronger external stability.
• Capex (Capital Expenditure): Investments made by companies in long-term physical assets like factories or machinery to expand production capacity.
• Export Demand Elasticity: A measure of how sensitive export volumes are to changes in demand or trade conditions; an elasticity of 0.7 means moderate responsiveness.
• Trade-Policy Uncertainty: The risk or unpredictability associated with future trade regulations, which can impact investment and export decisions.

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7. From which date will India begin sharing cross-border crypto transaction data under the OECD-led CARF system?
A) April 1 2026
B) March 31 2026
C) April 1 2027
D) January 1 2027
E) April 1 2028
Answer: C) April 1 2027

Event and Location:

• Event: India to begin sharing cross-border crypto transaction data under CARF
• Location: Nationwide (India; in cooperation with OECD member countries)
• Date: April 1, 2027

Mandates and Objectives:

• Mandates: India will join the Crypto-Asset Reporting Framework (CARF) developed by the OECD, enabling automatic exchange of cross-border crypto transaction data starting from April 2027.
• Objectives: Improve transparency, curb tax evasion, reduce illicit financial flows, and align India’s crypto regulations with global reporting standards.

Important Terms Explained:

• Crypto-Asset Reporting Framework (CARF): A global standard developed by the OECD to facilitate automatic information exchange between countries regarding crypto asset transactions.
• OECD (Organisation for Economic Co-operation and Development): An intergovernmental economic body promoting global standards on tax, trade, and economic policy.
• FATF (Financial Action Task Force): A global watchdog for money laundering and terrorist financing, recommending tighter controls on crypto asset transfers.
• Income-tax Act, 2025: The revised framework under which India enforces compliance rules, including those related to crypto reporting.
• TDS (Tax Deducted at Source): A mechanism introduced in 2022 to deduct 1% on crypto transactions to improve reporting and traceability.

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8. How much did India contribute to the UN Regular Budget for the year 2026?
A) USD 42.50 million
B) USD 30.75 million
C) USD 35.18 million
D) USD 28.90 million
E) USD 36.60 million
Answer: C) USD 35.18 million

Event and Location:

• Event: India pays full UN Regular Budget contribution for 2026 and joins the UN Honour Roll
• Location: United Nations Headquarters, New York, USA
• Date: February 3, 2026

Mandates and Objectives:

• Mandates: India paid USD 35.18 million to the UN Regular Budget on time, earning a place on the UN Honour Roll for 2026.
• Objectives: Demonstrate India’s commitment to multilateralism, ensure smooth UN operations, and reinforce India’s reputation as a responsible member state.

Important Terms Explained:

• UN Regular Budget: The core financial budget of the United Nations, funding global initiatives in peacekeeping, development, human rights, and administration.
• UN Honour Roll: A list of UN Member States that pay their assessed contributions in full and on time as per UN financial regulations.
• Committee on Contributions: A UN body that determines each Member State’s share of contributions based on its economic capacity.
• Statue of Unity: The world’s tallest statue (182 meters), located in Gujarat, India, dedicated to Sardar Vallabhbhai Patel, mentioned during the UN press briefing.

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Appointments – Daily Current Affairs February 05

9. Who became the first female member from Iran to be elected to the International Olympic Committee (IOC) in 2026?
A) Shahrbanoo Mansourian
B) Leila Hosseini
C) Soraya Aghaei Hajiagha
D) Zahra Nemati
E) Maryam Jamshidi
Answer: C) Soraya Aghaei Hajiagha

Event and Location:

• Event: Election of Soraya Aghaei Hajiagha as the first female IOC member from Iran
• Location: Milan, Italy (during the 145th IOC Session)
• Date: February 4, 2026

Mandates and Objectives:

• Mandates: The International Olympic Committee (IOC) elected Soraya Aghaei Hajiagha as a full member, marking the first time a woman from Iran has joined the governing body.
• Objectives: Promote gender equality, expand youth leadership, and increase regional representation within the global Olympic governance structure.

Important Terms Explained:

• International Olympic Committee (IOC): The highest authority of the Olympic Movement, responsible for organising the Olympic Games and ensuring adherence to Olympic values across global sports bodies.
• Soraya Aghaei Hajiagha: Iranian badminton player elected as the first female IOC member from Iran and currently the youngest serving IOC member.
• IOC Session: A formal decision-making meeting of the IOC where key elections, reforms, and Olympic-related decisions are made. The 145th session took place in Milan, ahead of the 2026 Winter Olympics.

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Awards – Daily Current Affairs February 05

10. Who was honoured with the 22nd Upendra Nath Brahma ‘Soldier of Humanity’ Award 2025?
A) Lakshman Prasad Acharya
B) Tshering Tobgay
C) Gyalyum Ashi Dorji Wangmo Wangchuck
D) Aum Pema Choden
E) Queen Jetsun Pema
Answer: C) Gyalyum Ashi Dorji Wangmo Wangchuck

Event and Location:

• Event: 22nd Upendra Nath Brahma ‘Soldier of Humanity’ Award 2025 presented to Bhutan’s Queen Mother
• Location: Bodoland University, Kokrajhar, Assam, India
• Date: February 2026

Mandates and Objectives:

• Mandates: The Upendra Nath Brahma Trust awarded the 22nd ‘Soldier of Humanity’ Award to Gyalyum Ashi Dorji Wangmo Wangchuck for her contributions to social welfare and cultural preservation.
• Objectives: To honour individuals exemplifying humanitarian values, inclusive development, and cultural leadership, as inspired by the ideals of Upendra Nath Brahma.

Important Terms Explained:

• Upendra Nath Brahma ‘Soldier of Humanity’ Award: An annual humanitarian award instituted in 2004 by the Upendra Nath Brahma Trust to honour outstanding service to humanity, peace, and social justice.
• Gyalyum Ashi Dorji Wangmo Wangchuck: Queen Mother of Bhutan and founder of the Tarayana Foundation, known for her leadership in rural development, healthcare, women’s empowerment, and preservation of Bhutanese culture.
• Tarayana Foundation: A Bhutanese non-profit working to uplift rural and underserved communities through welfare, education, health, and heritage programs.

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Defence – Daily Current Affairs February 05

11. Where did the 13th edition of the India–Kyrgyzstan Joint Special Forces Exercise KHANJAR begin in February 2026?
A) Bishkek Kyrgyzstan
B) Pune Maharashtra
C) Missamari Assam
D) Leh Ladakh
E) Tashkent Uzbekistan
Answer: C) Missamari Assam

Event and Location:

• Event: Commencement of 13th edition of India–Kyrgyzstan Joint Special Forces Exercise KHANJAR
• Location: Missamari, Sonitpur district, Assam, India
• Date: February 4, 2026

Mandates and Objectives:

• Mandates: A 14-day bilateral military exercise involving special forces from India and Kyrgyzstan, focused on training in counter-terrorism and special operations.
• Objectives: To enhance interoperability, operational readiness, and mutual cooperation between both nations’ special forces in addressing modern security challenges, particularly terrorism and extremism.

Important Terms Explained:

• Exercise KHANJAR: An annual joint special forces military exercise between India and Kyrgyzstan held since 2011, alternating between both nations.
• Parachute Regiment (Special Forces): An elite unit of the Indian Army trained for high-risk operations including counter-terrorism and special missions.
• Scorpion or ILBRIS Brigade: A special forces unit of the Kyrgyzstan military known for its advanced tactical training and elite operations in diverse terrains.

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International Affairs – Daily Current Affairs February 05

12. What is the name of the Russian nuclear submarine launched to carry the Poseidon underwater drone?
A) Belgorod
B) Akula
C) Borei
D) Khabarovsk
E) Severodvinsk
Answer: D) Khabarovsk

Event and Location:

• Event: Launch of Russia’s nuclear-powered submarine Khabarovsk capable of carrying Poseidon underwater drone
• Location: Sevmash Shipyard, Severodvinsk, Russia
• Date: November 1, 2025

Mandates and Objectives:

• Mandates: Russia launched the nuclear submarine Khabarovsk equipped to carry the Poseidon nuclear-powered underwater drone to strengthen maritime deterrence capabilities.
• Objectives: Enhance Russia’s second-strike capacity, modernise its naval forces, and maintain strategic parity through the deployment of next-generation underwater nuclear platforms.

Important Terms Explained:

• Khabarovsk (Submarine): A newly launched Russian nuclear-powered submarine designed to deploy Poseidon nuclear underwater drones for strategic maritime defence.
• Poseidon Underwater Drone: A nuclear-powered, nuclear-armed autonomous underwater vehicle capable of deep-sea, long-range missions to bypass traditional missile defence systems.
• Nuclear Triad: A military strategy involving three modes of nuclear delivery systems—land-based missiles, strategic bombers, and submarine-launched missiles—for assured deterrence.

Tabular Summary:

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13. Which country has become the first in Europe to ban social media access for children under 16 years of age?
A) Germany
B) Spain
C) France
D) Australia
E) Italy
Answer: B) Spain

Event and Location:

• Event: Spain announces nationwide ban on social media access for children under 16
• Location: Nationwide (Spain); announced at World Government Summit, Dubai
• Date: February 5, 2026

Mandates and Objectives:

• Mandates: Spain has enacted a legal ban on social media usage for children under 16 years of age, to be implemented across the country.
• Objectives: To safeguard children’s mental health, digital safety, and data privacy, and to hold social media platforms accountable through age-verification and regulatory compliance.

Important Terms Explained:

• Social Media Ban (Under-16): A legal restriction that prohibits individuals below the age of 16 from accessing or using social media platforms in the country.
• World Government Summit: An annual global platform held in Dubai that brings together leaders to discuss governance, technology, and social policy issues.
• Age Verification Systems: Tools used by online platforms to verify the actual age of users and prevent underage access to digital content or services.

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14. How much security aid has the US Congress approved for the Baltic States under the FY2026 Defence Appropriations Act?
A) USD 100 million
B) USD 500 million
C) USD 200 million
D) USD 50 million
E) USD 750 million
Answer: C) USD 200 million

Event and Location:

• Event: US Congress approves USD 200 million security aid for Baltic States under FY2026
• Location: Washington D.C., USA; aid to Estonia, Latvia, and Lithuania
• Date: February 3, 2026

Mandates and Objectives:

• Mandates: The US Congress approved a USD 200 million defence package for the Baltic States under the Baltic Security Initiative (BSI) as part of the FY2026 Defence Appropriations Act.
• Objectives: Reinforce NATO’s eastern flank, support military readiness, enhance interoperability, and strengthen deterrence against Russian threats in the Baltic region.

Important Terms Explained:

• Baltic Security Initiative (BSI): A US-led programme providing targeted military assistance to Estonia, Latvia, and Lithuania to bolster defence and regional cooperation with NATO.
• Foreign Military Financing (FMF): A US government program that provides financial aid to allies for the procurement of US-made defence equipment.
• FY2026 Defence Appropriations Act: The US federal defence funding law for Fiscal Year 2026, which includes provisions for international military support and operational expenses.
• NATO Article 4: A NATO treaty clause allowing members to request consultations when their territorial integrity or security is threatened.
• HIMARS & Javelin Systems: US-made high-mobility artillery rocket systems and anti-tank missiles, often supplied under FMF and widely used in modern warfare.

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Schemes – Daily Current Affairs February 5

15. Who launched Bharat Taxi, India’s first cooperative-based ride-hailing platform, in February 2026?
A) Narendra Modi
B) Nitin Gadkari
C) Piyush Goyal
D) Amit Shah
E) Rajnath Singh
Answer: D) Amit Shah

Event and Location:

• Event: Launch of Bharat Taxi, India’s first cooperative-based ride-hailing platform
• Location: Vigyan Bhavan, New Delhi
• Date: February 5, 2026

Mandates and Objectives:

• Mandates: The Ministry of Cooperation launched Bharat Taxi as a cooperative-based digital ride-hailing platform to empower drivers through ownership, fair income, and social security.
• Objectives: To promote driver ownership, enhance social welfare, ensure inclusive mobility, and align with the Government’s Sahkar se Samriddhi vision for prosperity through cooperation.

Important Terms Explained:

• Bharat Taxi: India’s first ride-hailing platform based on the cooperative model, offering zero-commission, surge-free services, where drivers (Sarathis) are co-owners.
• Sarathi Hi Malik: A foundational principle of Bharat Taxi meaning “the driver is the owner,” representing driver-led governance and profit sharing.
• Sahkar se Samriddhi: A Government of India initiative aimed at promoting cooperative models for inclusive economic growth and prosperity.
• Multi-State Cooperative Societies Act, 2002: Legislation under which Bharat Taxi is registered, allowing it to operate across state boundaries as a cooperative society.

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16. Which Indian state recently introduced an automatic property mutation system to speed up land transactions?
A) Andhra Pradesh
B) Maharashtra
C) Tamil Nadu
D) Karnataka
E) Telangana
Answer: D) Karnataka

Event and Location:

• Event: Launch of automatic property mutation system to digitize land transaction processes
• Location: Karnataka, India
• Date: February 2026

Mandates and Objectives:

• Mandates: The Government of Karnataka rolled out an automatic mutation system to link property registration with land records, eliminating the need for separate mutation applications.
• Objectives: Enhance transparency, reduce bureaucratic delays, improve land record accuracy, and promote ease of doing business through seamless ownership updates post-registration.

Important Terms Explained:

• Property Mutation: The process of updating land revenue records to reflect new ownership after property transfer by sale, inheritance, or gift. Essential for tax payment and legal clarity.
• Automatic Mutation System: A digital reform wherein ownership records are automatically updated upon registration without needing a separate mutation request, reducing time and human intervention.
• Bhoomi Portal: Karnataka’s flagship digital land record platform offering services like Record of Rights (RTC) view, mutation status tracking, and online land-related services.
• Record of Rights, Tenancy and Crops (RTC): An official land document in Karnataka containing ownership, cultivation, and tenancy details used for property verification and disputes.

Tabular Summary:

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17. Which organisation implements the Yuva Sahakar and Swayamshakti Sahakar schemes to support youth and women-led cooperatives in India?
A) NABARD
B) SIDBI
C) NCDC
D) NHB
E) SEBI
Answer: C) NCDC

Event and Location:

• Event: NCDC implements Yuva Sahakar and Swayamshakti Sahakar schemes to promote cooperative-led growth
• Location: Nationwide (India)
• Date: February 2026 (update shared in Parliament)

Mandates and Objectives:

• Mandates: The National Cooperative Development Corporation (NCDC) is implementing Yuva Sahakar and Swayamshakti Sahakar Yojana to promote youth entrepreneurship and women empowerment through cooperatives.
• Objectives:
  • Support youth-led, startup-oriented cooperatives
  • Enable women Self Help Groups (SHGs) to access affordable finance
  • Promote sustainable livelihoods, financial inclusion, and inclusive economic development through cooperative institutions

Important Terms Explained:

• NCDC (National Cooperative Development Corporation): A statutory body under the Ministry of Cooperation, providing financial and institutional support to cooperatives across India.
• Yuva Sahakar Scheme: An NCDC initiative to support newly formed and youth-led cooperative societies, especially those with innovative, startup-based models.
• Swayamshakti Sahakar Yojana: A scheme focused on women’s empowerment, targeting women SHGs and providing them financial assistance for collective income-generating activities.
• Self Help Groups (SHGs): Informal associations of people, especially women, coming together to improve economic and social conditions through mutual support and microfinance access.

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National Affairs – Daily Current Affairs February 05

18. Where is PLASTINDIA 2026, one of the world’s largest plastics exhibitions, being held?
A) Pragati Maidan New Delhi
B) Bharat Mandapam New Delhi
C) India Expo Centre Greater Noida
D) Mahatma Mandir Gandhinagar
E) Biswa Bangla Mela Prangan Kolkata
Answer: B) Bharat Mandapam New Delhi

Event and Location:

• Event: Inauguration of PLASTINDIA 2026, a global plastics exhibition
• Location: Bharat Mandapam, New Delhi, India
• Date: February 5, 2026

Mandates and Objectives:

• Mandates: Organise a six-day global plastics exhibition focusing on innovation, sustainability, and manufacturing excellence.
• Objectives: Promote India’s capabilities in plastics, support Atmanirbhar Bharat, foster global trade, and highlight sustainable practices through a Zero Waste event model.

Important Terms Explained:

• PLASTINDIA: A globally recognised exhibition that showcases cutting-edge developments in plastics machinery, raw materials, and sustainable manufacturing technologies.
• Bharat Next: The official theme of PLASTINDIA 2026, focusing on building a self-reliant India by empowering industrial growth through innovation and sustainability.
• Zero Waste Exhibition: A sustainability initiative where all waste generated during the event is recycled or reused, ensuring nothing is sent to landfills.
• Atmanirbhar Bharat: A national initiative to make India self-reliant in manufacturing and innovation by reducing dependence on imports.
• Viksit Bharat: The vision of a developed India, targeting comprehensive progress across economic and industrial sectors.

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Over All Review

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