Daily Current Affairs February 14 & 15
Table of Contents
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February 14 & 15 | Daily Current Affairs 2025
Important Days – Daily Current Affairs February 14 & 15
1. The 18th Foundation Day of the National Statistical Systems Training Academy (NSSTA) was celebrated under which theme?
A) Data for Digital India
B) Strengthening SDGs through Statistics
C) Reimagining Capacity Building for Official Statistics to Achieve Vision of Viksit Bharat@2047
D) AI for Governance Reform
E) Statistics for Atmanirbhar Bharat
Answer: C) Reimagining Capacity Building for Official Statistics to Achieve Vision of Viksit Bharat@2047
Event and Location:
- Event: 18th Foundation Day Celebration of National Statistical Systems Training Academy
- Location: Mahalanobis Auditorium, Knowledge Park-II, Greater Noida, Uttar Pradesh
- Date: February 2026
Mandates and Objectives:
- Mandates: Celebration of the 18th Foundation Day of the National Statistical Systems Training Academy (NSSTA) under the Ministry of Statistics and Programme Implementation (MoSPI), along with inauguration of the Digital Data Lab
- Objectives: To strengthen official statistics through AI-driven capacity building, promote digital skilling, enhance data governance, support Mission Karmayogi, and align statistical systems with the vision of Viksit Bharat@2047
Important Terms Explained:
- National Statistical Systems Training Academy (NSSTA): A premier Central Training Institute responsible for capacity building and professional training in official statistics
- Ministry of Statistics and Programme Implementation (MoSPI): The ministry responsible for collection, compilation, and dissemination of official statistical data in India
- Digital Data Lab: A newly inaugurated facility aimed at promoting digital skilling and hands-on training in AI, Big Data, and Machine Learning for statistical systems
- Indian Statistical Service (ISS): A Group ‘A’ Central Civil Service responsible for statistical functions across ministries
- Mission Karmayogi: A Government of India initiative for capacity building of civil servants through competency-driven training
Tabular Summary:
| Parameter | Details |
| Event name | 18th Foundation Day of NSSTA |
| Announcement date | February 2026 |
| Location | Greater Noida, Uttar Pradesh |
| Issuing authority | Ministry of Statistics and Programme Implementation |
| Policy/series name | NSSTA Foundation Day Celebration |
| Key figures | Rao Inderjit Singh, Dr. Saurabh Garg |
| Purpose/reason | To strengthen capacity building in official statistics |
| Feature details | Launch of Digital Data Lab and focus on AI-driven training |
| Validity or status | Annual Foundation Day event |
| Strategic/significant value | Supports data-driven governance and Viksit Bharat@2047 vision |
Sports – Daily Current Affairs February 14 & 15
2. How many total medals did India win at the Asian Rifle/Pistol Championship 2026?
A) 84
B) 89
C) 94
D) 99
E) 104
Answer: C) 94
Event and Location:
- Event: Asian Rifle/Pistol Championship 2026 where India topped the medal tally
- Location: Dr Karni Singh Shooting Range, New Delhi, India
- Date: February 2026
Mandates and Objectives:
- Mandates: Participation of Indian shooters in the Asian Rifle/Pistol Championship 2026 across senior and junior categories in rifle and pistol events
- Objectives: To achieve excellence in continental shooting competitions, strengthen India’s dominance in pistol and rifle disciplines, and build competitive depth in both individual and team events
Important Terms Explained:
- Asian Rifle/Pistol Championship: A continental shooting competition featuring rifle and pistol events across senior and junior categories in Asia
- 25m Centre Fire Pistol: A precision shooting event conducted at a 25-metre distance requiring accuracy and rapid-fire skills
- 50m Rifle Prone: A rifle shooting event where athletes fire from the prone position at a 50-metre target
- Team Gold: Medal awarded to a team based on the combined scores of individual members
- Podium Sweep: Situation where athletes from the same country win gold, silver, and bronze in a single event
Tabular Summary:
| Parameter | Details |
| Event name | Asian Rifle/Pistol Championship 2026 |
| Announcement date | February 2026 |
| Location | New Delhi, India |
| Issuing authority | Asian Shooting Confederation |
| Policy/series name | Continental Shooting Championship |
| Key figures | Amanpreet Singh, Suraj Sharma, Sift Kaur Samra |
| Purpose/reason | Continental-level competition in rifle and pistol events |
| Feature details | 51 Gold, 23 Silver, 20 Bronze medals for India |
| Validity or status | Championship concluded |
| Strategic/significant value | Reinforces India’s dominance in Asian shooting sports |
Obituary – Daily Current Affairs February 14 & 15
3. Veteran Kannada filmmaker Joe Simon passed away while attending a meeting at which organization?
A) Film Federation of India
B) Karnataka Film Chamber of Commerce
C) South Indian Film Association
D) Central Board of Film Certification
E) Kannada Film Producers Council
Answer: B) Karnataka Film Chamber of Commerce
Event and Location:
- Event: Passing away of veteran Kannada filmmaker Joe Simon
- Location: Karnataka Film Chamber of Commerce (KFCC), Bengaluru, Karnataka
- Date: February 14, 2026
Mandates and Objectives:
- Mandates: Reporting of the demise of veteran filmmaker Joe Simon following a cardiac arrest during a meeting at the Karnataka Film Chamber of Commerce (KFCC)
- Objectives: To acknowledge his contribution to Kannada cinema, recognize his decades-long service to the Sandalwood film industry, and highlight his legacy as a director, actor, lyricist, and writer
Important Terms Explained:
- Karnataka Film Chamber of Commerce (KFCC): An apex body representing stakeholders of the Kannada film industry
- Sandalwood: The popular term used to refer to the Kannada film industry
- Cardiac Arrest: A sudden loss of heart function leading to collapse and requiring immediate medical intervention
- Sahasa Simha: A notable Kannada film directed by Joe Simon starring actor Vishnuvardhan
Tabular Summary:
| Parameter | Details |
| Event name | Demise of Joe Simon |
| Announcement date | February 14, 2026 |
| Location | Bengaluru, Karnataka |
| Issuing authority | Karnataka Film Chamber of Commerce (context of incident) |
| Policy/series name | Not applicable |
| Key figures | Joe Simon, D.K. Shivakumar |
| Purpose/reason | Cardiac arrest during KFCC meeting |
| Feature details | Contributed to over 100 films in multiple roles |
| Validity or status | Passed away at age 80 |
| Strategic/significant value | Marks major loss to Kannada film industry |
Banking and Finance – Daily Current Affairs February 14 & 15
4. Under the revised RBI draft guidelines, banks can now fund mergers and acquisitions up to what percentage of their Tier-1 capital?
A) 10%
B) 15%
C) 20%
D) 30%
E) 40%
Answer: C) 20%
Event and Location:
- Event: RBI revises draft acquisition finance norms increasing M&A financing limit
- Location: India
- Date: February 2026
Mandates and Objectives:
- Mandates: Revision of draft guidelines by the Reserve Bank of India (RBI) allowing banks to fund mergers and acquisitions up to 20% of Tier-1 capital, within an overall 40% capital market exposure ceiling
- Objectives: To provide greater flexibility in acquisition financing, strengthen corporate deal-making, enable leveraged buyouts under structured norms, and maintain prudential risk management in capital market exposure
Important Terms Explained:
- Tier-1 Capital: Core capital of a bank comprising equity capital and disclosed reserves used to measure financial strength
- Capital Market Exposure (CME): Total exposure of a bank to capital markets including investments and loans linked to market instruments
- Acquisition Finance: Loans provided for the purpose of acquiring control in another company, including leveraged buyouts
- Debt-Equity Ratio (3:1): A financial leverage ratio mandating that debt should not exceed three times the equity of the acquiring entity on a consolidated basis
- Loan-to-Value (LTV) Ratio: The percentage of loan amount compared to the value of pledged collateral
- Leveraged Buyout (LBO): Acquisition of a company using a significant amount of borrowed funds
Tabular Summary:
| Parameter | Details |
| Event name | RBI Revises M&A Financing Norms |
| Announcement date | February 2026 |
| Location | India |
| Issuing authority | Reserve Bank of India |
| Policy/series name | Draft Acquisition Finance Guidelines |
| Key figures | RBI Governor Shaktikanta Das |
| Purpose/reason | To increase flexibility in bank financing of M&A deals |
| Feature details | 20% Tier-1 capital cap; 75% acquisition value funding; 40% CME limit |
| Validity or status | Draft guidelines issued |
| Strategic/significant value | Boosts corporate M&A activity while maintaining risk controls |
5. Under RBI’s draft guidelines, banks’ aggregate credit exposure to a REIT and its underlying SPVs must not exceed what percentage of the REIT’s asset value?
A) 25%
B) 40%
C) 49%
D) 60%
E) 75%
Answer: C) 49%
Event and Location:
- Event: RBI proposes tighter lending norms for REITs and InvITs
- Location: India
- Date: February 2026
Mandates and Objectives:
- Mandates: Issuance of draft Commercial Banks – Credit Facilities (Second Amendment) Directions, 2026 by the Reserve Bank of India (RBI) restricting bank lending to eligible SEBI-registered REITs and aligning norms for InvITs
- Objectives: To ensure prudent risk management, limit excessive bank exposure, strengthen end-use monitoring, promote financial stability, and regulate structured financing in real estate and infrastructure sectors
Important Terms Explained:
- REIT (Real Estate Investment Trust): A SEBI-regulated trust that owns, operates, or finances income-generating real estate assets
- InvIT (Infrastructure Investment Trust): A trust structure that pools funds to invest in infrastructure projects and generate returns for investors
- Special Purpose Vehicle (SPV): A subsidiary entity created to isolate financial risk and manage specific assets or projects
- Term Loan: A loan with a fixed repayment schedule without lump-sum bullet or balloon repayments
- Bullet/Balloon Repayment: A loan structure where the principal is repaid in a single large installment at maturity
- Completion Certificate (CC) / Occupancy Certificate (OC): Regulatory approvals confirming project completion and readiness for occupancy
Tabular Summary:
| Parameter | Details |
| Event name | RBI Draft Norms for REIT and InvIT Lending |
| Announcement date | February 2026 |
| Location | India |
| Issuing authority | Reserve Bank of India |
| Policy/series name | Commercial Banks – Credit Facilities (Second Amendment) Directions, 2026 |
| Key figures | RBI Governor Shaktikanta Das |
| Purpose/reason | To tighten bank exposure and ensure prudent lending |
| Feature details | 49% exposure cap; 3-year operational history; no bullet repayment |
| Validity or status | Draft guidelines issued |
| Strategic/significant value | Strengthens financial stability in real estate and infrastructure financing |
Business and Economy – Daily Current Affairs February 14 & 15
6. Reliance Industries Limited secured a U.S. license to import crude oil from which country?
A) Iran
B) Russia
C) Saudi Arabia
D) Venezuela
E) Nigeria
Answer: D) Venezuela
Event and Location:
- Event: Reliance Industries secures U.S. license to import Venezuelan crude oil
- Location: Jamnagar, Gujarat, India
- Date: February 2026
Mandates and Objectives:
- Mandates: Grant of a general license by United States authorities permitting Reliance Industries Limited (RIL) to import crude oil from Venezuela in compliance with U.S. sanctions regulations
- Objectives: To enhance crude supply diversification, improve refining flexibility at the Jamnagar refinery, support refining margins, and strengthen India’s energy security amid global oil market volatility
Important Terms Explained:
- General License: An authorization issued by regulatory authorities allowing specified transactions without requiring separate case-by-case approval
- Venezuelan Crude Oil: Heavy crude oil produced in Venezuela, suitable for complex refineries capable of processing high-sulphur and heavy grades
- U.S. Sanctions on Venezuela (2019–20): Restrictions imposed by the United States on Venezuela’s oil sector, limiting global trade with the Maduro government
- Jamnagar Refinery: The world’s largest single-site refining complex operated by Reliance Industries in Gujarat
- Energy Security: The uninterrupted availability of energy sources at affordable prices
Tabular Summary:
| Parameter | Details |
| Event name | U.S. License for Venezuelan Oil Import |
| Announcement date | February 2026 |
| Location | Jamnagar, Gujarat |
| Issuing authority | United States authorities |
| Policy/series name | General License for Oil Imports |
| Key figures | Mukesh Ambani, Nicolás Maduro |
| Purpose/reason | To diversify crude supply and enhance refining operations |
| Feature details | Heavy crude suited for complex refinery processing |
| Validity or status | License granted under U.S. regulatory framework |
| Strategic/significant value | Strengthens India’s energy security and supply resilience |
Appointments – Daily Current Affairs February 14 & 15
7. Uday Kotak has been appointed as the Chairman of which of the following institutions?
A) SEBI
B) GIFT City
C) RBI
D) IFSCA
E) NITI Aayog
Answer: B) GIFT City
Event and Location:
- Event: Appointment of Uday Kotak as Chairman of GIFT City
- Location: Gandhinagar, Gujarat
- Date: February 2026
Mandates and Objectives:
- Mandates: Appointment of Uday Kotak, founder of Kotak Mahindra Bank, as Chairman of GIFT City (Gujarat International Finance-Tec City) by the Gujarat government, replacing Hasmukh Adhia
- Objectives: To strengthen India’s International Financial Services Centre (IFSC) ecosystem, enhance global competitiveness, attract international financial institutions, and promote industry-led governance in India’s premier financial hub
Important Terms Explained:
- GIFT City (Gujarat International Finance-Tec City): India’s first operational smart city and maiden International Financial Services Centre located in Gandhinagar
- International Financial Services Centre (IFSC): A designated financial jurisdiction that provides services to non-residents and global markets in foreign currencies
- IFSC Banking Units (IBUs): Special banking branches operating within GIFT City to conduct offshore banking activities
- Kotak Mahindra Bank: A leading private sector bank in India founded by Uday Kotak
- World Economic Forum (WEF): An international organization hosting annual meetings in Davos to discuss global economic issues
Tabular Summary:
| Parameter | Details |
| Event name | Appointment of Uday Kotak as GIFT City Chairman |
| Announcement date | February 2026 |
| Location | Gandhinagar, Gujarat |
| Issuing authority | Gujarat Government |
| Policy/series name | Leadership Appointment at GIFT City |
| Key figures | Uday Kotak, Hasmukh Adhia |
| Purpose/reason | To strengthen IFSC governance and global competitiveness |
| Feature details | GIFT City hosts 35 IFSC Banking Units with $100.14 billion assets |
| Validity or status | Newly appointed Chairman |
| Strategic/significant value | Boosts India’s ambition as a global financial hub |
8. The Reserve Bank of India has approved a three-year extension for Sanjay Agarwal as MD & CEO of which bank?
A) Ujjivan Small Finance Bank
B) Equitas Small Finance Bank
C) AU Small Finance Bank
D) Jana Small Finance Bank
E) Bandhan Bank
Answer: C) AU Small Finance Bank
Event and Location:
- Event: RBI approval of three-year extension for Sanjay Agarwal as MD & CEO
- Location: India
- Date: Effective from April 19, 2026
Mandates and Objectives:
- Mandates: Approval by the Reserve Bank of India (RBI) for the reappointment of Sanjay Agarwal as Managing Director and Chief Executive Officer of AU Small Finance Bank for a period of three years
- Objectives: To ensure leadership continuity, maintain regulatory stability, support the bank’s digital expansion and financial inclusion initiatives, and strengthen governance during its transition toward universal bank status
Important Terms Explained:
- Small Finance Bank (SFB): A category of banks licensed by RBI to promote financial inclusion by providing basic banking services to underserved sections including small businesses and farmers
- Universal Bank: A bank authorized to provide a full range of banking and financial services including retail, corporate, and investment banking
- SEBI (LODR) Regulations, 2015: Securities and Exchange Board of India’s Listing Obligations and Disclosure Requirements mandating transparency and compliance for listed companies
- Reserve Bank of India (RBI): India’s central bank responsible for regulation and supervision of banks under the RBI Act, 1934
Tabular Summary:
| Parameter | Details |
| Event name | RBI Approval of MD & CEO Extension at AU SFB |
| Announcement date | February 2026 |
| Location | India |
| Issuing authority | Reserve Bank of India |
| Policy/series name | Reappointment of MD & CEO |
| Key figures | Sanjay Agarwal |
| Purpose/reason | To ensure leadership continuity and regulatory stability |
| Feature details | 3-year tenure from April 19, 2026 to April 18, 2029 |
| Validity or status | RBI-approved third consecutive term |
| Strategic/significant value | Strengthens governance and supports universal bank transition |
9. Mia Mottley secured her historic third consecutive term as Prime Minister representing which political party?
A) Democratic Labour Party
B) Barbados National Party
C) Progressive Caribbean Alliance
D) Barbados Labour Party
E) Caribbean Reform Party
Answer: D) Barbados Labour Party
Event and Location:
- Event: Mia Mottley secures historic third consecutive term as Prime Minister
- Location: Barbados
- Date: February 2026
Mandates and Objectives:
- Mandates: Electoral victory of Mia Mottley and the Barbados Labour Party (BLP) securing all 30 seats in the House of Assembly
- Objectives: To reduce poverty, improve infrastructure, strengthen healthcare systems, enhance road safety, and continue Barbados’ global climate diplomacy and debt reform advocacy
Important Terms Explained:
- Barbados Labour Party (BLP): The ruling political party in Barbados led by Mia Mottley
House of Assembly: The lower house of Barbados’ Parliament consisting of 30 elected members - Debt-to-GDP Ratio: A financial metric indicating a country’s public debt compared to its gross domestic product
- Debt-for-Climate Swaps: Financial arrangements where a portion of a country’s debt is forgiven in exchange for commitments to invest in climate resilience and environmental protection
- Climate Advocacy: Diplomatic efforts aimed at addressing climate change challenges, particularly for vulnerable island nations
Tabular Summary:
| Parameter | Details |
| Event name | Barbados General Election 2026 |
| Announcement date | February 2026 |
| Location | Barbados |
| Issuing authority | Electoral Commission of Barbados |
| Policy/series name | Parliamentary Elections |
| Key figures | Mia Mottley, Ralph Thorne |
| Purpose/reason | Formation of government through general elections |
| Feature details | BLP won all 30 seats in House of Assembly |
| Validity or status | Third consecutive term secured |
| Strategic/significant value | Strengthens Barbados’ climate diplomacy and regional leadership |
Awards – Daily Current Affairs February 14 & 15
10. Oil India Limited received the FIPI Award 2025 in which category?
A) Renewable Energy Company of the Year
B) Oil & Gas Production Company of the Year
C) Energy Infrastructure Company of the Year
D) Refinery of the Year
E) Gas Marketing Company of the Year
Answer: B) Oil & Gas Production Company of the Year
Event and Location:
- Event: Oil India Limited wins FIPI Award 2025
- Location: India Energy Week, Goa
- Date: 2025 (Award presented during India Energy Week 2026 event coverage)
Mandates and Objectives:
- Mandates: Conferment of the FIPI Award 2025 to Oil India Limited (OIL) under the category ‘Oil & Gas Production Company of the Year (more than 1 MTOE)’ by the Federation of Indian Petroleum Industry (FIPI)
- Objectives: To recognize strong performance in oil and gas production, enhance domestic energy output, promote technological advancement, and strengthen India’s energy security
Important Terms Explained:
- Federation of Indian Petroleum Industry (FIPI): An apex industry association representing oil and gas companies in India
- Oil India Limited (OIL): A Maharatna Central Public Sector Enterprise engaged in exploration and production of crude oil and natural gas
- MTOE (Million Tonnes of Oil Equivalent): A unit used to measure energy production or consumption
- Maharatna CPSE: A status granted to select Central Public Sector Enterprises with greater operational and financial autonomy
- India Energy Week: A major energy sector event showcasing developments in oil, gas, and renewable energy sectors
Tabular Summary:
| Parameter | Details |
| Event name | FIPI Award 2025 |
| Announcement date | During India Energy Week 2026 |
| Location | Goa |
| Issuing authority | Federation of Indian Petroleum Industry |
| Policy/series name | Oil & Gas Production Company of the Year |
| Key figures | Dr Ranjit Rath, Hardeep Singh Puri |
| Purpose/reason | Recognition of strong oil and gas production performance |
| Feature details | Category: More than 1 MTOE production |
| Validity or status | Award conferred for 2025 performance |
| Strategic/significant value | Strengthens India’s domestic energy security efforts |
Science and Technology – Daily Current Affairs February 14 & 15
11. The newly prequalified novel oral polio vaccine type 2 (nOPV2) announced by WHO is manufactured by:
A) Serum Institute of India
B) Bharat Biotech
C) Biological E Limited
D) Panacea Biotec
E) Zydus Lifesciences
Answer: C) Biological E Limited
Event and Location:
- Event: WHO prequalification of additional novel oral polio vaccine type 2 (nOPV2)
- Location: Global (Vaccine manufactured in Hyderabad, India)
- Date: February 2026
Mandates and Objectives:
- Mandates: Prequalification of an additional novel oral polio vaccine type 2 (nOPV2) by the World Health Organization (WHO) to certify its safety, quality, and effectiveness for global procurement by agencies such as UNICEF
- Objectives: To strengthen global outbreak response against circulating vaccine-derived poliovirus type 2 (cVDPV2), diversify vaccine supply, enhance rapid deployment capacity, and support the final phase of global polio eradication
Important Terms Explained:
- World Health Organization (WHO): A specialized agency of the United Nations responsible for global public health standards and disease control
- nOPV2 (Novel Oral Polio Vaccine Type 2): A genetically stabilized oral vaccine designed to combat outbreaks of vaccine-derived poliovirus type 2 with lower mutation risk
- cVDPV2 (Circulating Vaccine-Derived Poliovirus Type 2): A strain of poliovirus that emerges in under-immunised populations due to mutations in older oral polio vaccines
- Prequalification: A WHO certification process ensuring that vaccines meet international standards for safety, quality, and efficacy for global procurement
- Biological E Limited: An Indian vaccine manufacturer based in Hyderabad producing the newly prequalified nOPV2
Tabular Summary:
| Parameter | Details |
| Event name | WHO Prequalification of nOPV2 Vaccine |
| Announcement date | February 2026 |
| Location | Global; Manufactured in Hyderabad, India |
| Issuing authority | World Health Organization |
| Policy/series name | nOPV2 Vaccine Deployment |
| Key figures | Tedros Adhanom Ghebreyesus |
| Purpose/reason | To strengthen global response against cVDPV2 outbreaks |
| Feature details | Genetically stable, 24-month shelf life, standard storage conditions |
| Validity or status | Prequalified for global procurement and distribution |
| Strategic/significant value | Diversifies vaccine supply and supports global polio eradication |
12. Vast Space’s private astronaut mission to the International Space Station in 2027 will be launched using which rocket?
A) SLS Rocket
B) Ariane 6
C) Falcon Heavy
D) Falcon 9
E) Atlas V
Answer: D) Falcon 9
Event and Location:
- Event: Vast Space signs agreement with NASA for private ISS mission
- Location: Launch from Florida, United States
- Date:Targeted for Summer 2027
Mandates and Objectives:
- Mandates: Signing of an agreement between Vast Space and NASA for the sixth Private Astronaut Mission (PAM) to the International Space Station (ISS)
- Objectives: To conduct a science-led commercial mission, gain operational insights for future commercial space stations, support the transition from ISS to private orbital platforms, and expand the commercial space economy
Important Terms Explained:
- International Space Station (ISS): A multinational space laboratory in low Earth orbit used for scientific research and international cooperation
- Private Astronaut Mission (PAM): A commercially funded human spaceflight mission conducted in partnership with space agencies
- Falcon 9: A reusable rocket developed by SpaceX used for launching satellites and crewed missions
- Dragon Spacecraft: A crew and cargo spacecraft developed by SpaceX to transport astronauts to and from the ISS
- Haven-1: A planned commercial space station module being developed by Vast Space, targeted for launch in 2027
- CASIS (Center for the Advancement of Science in Space): An organization managing scientific research aboard the ISS U.S. National Laboratory
Tabular Summary:
| Parameter | Details |
| Event name | Vast Space Private ISS Mission Agreement |
| Announcement date | February 2026 |
| Location | Florida, USA |
| Issuing authority | NASA |
| Policy/series name | Sixth Private Astronaut Mission (PAM) |
| Key figures | Max Haot |
| Purpose/reason | To conduct commercial astronaut mission and prepare for private space stations |
| Feature details | Launch via Falcon 9; up to 14-day ISS stay |
| Validity or status | Targeted launch in Summer 2027 |
| Strategic/significant value | Advances commercial space station development |
Defence – Daily Current Affairs February 14 & 15
13. The first International Military Adventure Challenge Cup (IMACC) 2026 will be hosted by which country?
A) Brazil
B) Nepal
C) India
D) Kazakhstan
E) Saudi Arabia
Answer: C) India
Event and Location:
- Event: First International Military Adventure Challenge Cup (IMACC) 2026
- Location: Foothills of the Eastern Himalayas, India
- Date: February 18–23, 2026
Mandates and Objectives:
- Mandates: Hosting of the inaugural International Military Adventure Challenge Cup (IMACC) 2026 by the Indian Army with participation from seven friendly foreign nations and Indian armed forces
- Objectives: To strengthen military cooperation, enhance defence diplomacy, test physical endurance and operational capabilities in mountain terrain, promote interoperability, and build camaraderie through adventure-based competitions
Important Terms Explained:
- International Military Adventure Challenge Cup (IMACC): A multinational military adventure competition aimed at testing endurance, leadership, teamwork, and operational readiness
- Eastern Himalayas: A strategically significant mountainous region providing high-altitude and challenging terrain for military training
- Interoperability: The ability of armed forces from different nations to operate effectively together during joint missions
- International Military Sports Council (CISM): A global military sports organization promoting cooperation among armed forces under the motto “Friendship through Sport”
- Defence Diplomacy: Use of military cooperation and exchanges to strengthen international relations and strategic partnerships
Tabular Summary:
| Parameter | Details |
| Event name | International Military Adventure Challenge Cup 2026 |
| Announcement date | February 2026 |
| Location | Eastern Himalayas, India |
| Issuing authority | Indian Army under Ministry of Defence |
| Policy/series name | IMACC 2026 |
| Key figures | Participating forces from 7 foreign nations |
| Purpose/reason | To test endurance and strengthen military cooperation |
| Feature details | Adventure and endurance competitions in mountain terrain |
| Validity or status | Scheduled from February 18–23, 2026 |
| Strategic/significant value | Enhances defence diplomacy and global military collaboration |
National Affairs – Daily Current Affairs February 14 & 15
14. According to the sixth edition of “Trade Watch Quarterly” (Q2 FY26), which sector has emerged as the second-largest item in India’s export basket?
A) Petroleum Products
B) Pharmaceuticals
C) Electronics
D) Textiles
E) Automobiles
Answer: C) Electronics
Event and Location:
- Event: Release of sixth edition of Trade Watch Quarterly (Q2 FY26)
- Location: New Delhi, India
- Date: February 2026
Mandates and Objectives:
- Mandates: Release of the sixth edition of Trade Watch Quarterly by NITI Aayog, providing assessment of global and domestic trade trends with thematic focus on electronics trade
- Objectives: To analyse India’s export-import performance, highlight emerging trade drivers such as electronics, assess integration with the Global South, and provide policy insights for strengthening global competitiveness
Important Terms Explained:
- Trade Watch Quarterly: A flagship publication of NITI Aayog that provides periodic analysis of India’s trade performance and global trade trends
- NITI Aayog: India’s premier public policy think tank responsible for strategic and long-term policy planning
- CAGR (Compound Annual Growth Rate): The annual growth rate of an investment or metric over a specified period longer than one year
- Global Value Chains (GVCs): International production networks where different stages of manufacturing are located across multiple countries
- Electronics Components Manufacturing Scheme: A government initiative with ₹40,000 crore allocation to boost domestic electronics manufacturing and value addition
Tabular Summary:
| Parameter | Details |
| Event name | Sixth Edition of Trade Watch Quarterly |
| Announcement date | February 2026 |
| Location | New Delhi |
| Issuing authority | NITI Aayog |
| Policy/series name | Trade Watch Quarterly (Q2 FY26) |
| Key figures | Suman Bery, Arvind Virmani |
| Purpose/reason | To assess India’s trade performance and emerging sectors |
| Feature details | 8.5% export growth; electronics exports reached USD 42.1 billion |
| Validity or status | Covers July–September 2025 (Q2 FY26) |
| Strategic/significant value | Positions electronics as a key driver of India’s export transformation |
15. Uttar Pradesh aims to achieve a $1 trillion economy equivalent to approximately how much in rupee terms as mentioned in the Economic Survey 2025-26?
A) ₹50 lakh crore
B) ₹60 lakh crore
C) ₹72 lakh crore
D) ₹83 lakh crore
E) ₹95 lakh crore
Answer: D) ₹83 lakh crore
Event and Location:
- Event: Presentation of Uttar Pradesh’s First-Ever Economic Survey 2025-26
- Location: Uttar Pradesh Legislative Assembly
- Date: February 2026
Mandates and Objectives:
- Mandates: Tabling of the first Economic Survey 2025-26 by the Uttar Pradesh government outlining a structured roadmap toward achieving a $1 trillion economy
- Objectives: To promote investment-led growth, expand infrastructure, strengthen fiscal discipline, diversify industry, enhance agricultural productivity, and ensure inclusive human development under a data-driven governance framework
Important Terms Explained:
- Economic Survey: An annual document reviewing economic performance, fiscal indicators, and policy direction of a government
- Gross State Domestic Product (GSDP): The total monetary value of goods and services produced within a state during a specific period
- Compound Annual Growth Rate (CAGR): The mean annual growth rate over a specified period longer than one year
- Triple “S” Framework: A governance strategy focusing on Safety, Stability, and Speed to improve investment climate
- Nivesh Mitra: A digital single-window clearance system for facilitating industrial approvals in Uttar Pradesh
Tabular Summary:
| Parameter | Details |
| Event name | Uttar Pradesh Economic Survey 2025-26 |
| Announcement date | February 2026 |
| Location | Uttar Pradesh |
| Issuing authority | Government of Uttar Pradesh |
| Policy/series name | First State Economic Survey |
| Key figures | CM Yogi Adityanath |
| Purpose/reason | Roadmap to achieve $1 trillion economy |
| Feature details | Projected GSDP ₹36 lakh crore; target ₹83 lakh crore |
| Validity or status | Covers FY 2025-26 |
| Strategic/significant value | Strengthens fiscal discipline and long-term growth planning |
16. What is the total Budget outlay announced in the Rajasthan Budget 2026–27?
A) ₹5.25 lakh crore
B) ₹5.80 lakh crore
C) ₹6.11 lakh crore
D) ₹6.75 lakh crore
E) ₹7.10 lakh crore
Answer: C) ₹6.11 lakh crore
Event and Location:
- Event: Presentation of Rajasthan State Budget 2026–27
- Location: Rajasthan Legislative Assembly, Jaipur
- Date: February 2026
Mandates and Objectives:
- Mandates: Presentation of the Rajasthan Budget 2026–27 by Deputy Chief Minister and Finance Minister Divya Kumari outlining fiscal strategy and sectoral allocations
- Objectives: To maintain fiscal discipline under FRBM norms, enhance capital expenditure, strengthen agriculture and infrastructure, promote education and health reforms, empower women, and align development with Vision 2047 (Viksit Rajasthan 2047)
Important Terms Explained:
- FRBM (Fiscal Responsibility and Budget Management) Act: A law aimed at ensuring fiscal discipline by setting targets for fiscal deficit and debt management
- Fiscal Deficit: The difference between total expenditure and total revenue excluding borrowings
- Revenue Deficit: The excess of revenue expenditure over revenue receipts
- Viksit Rajasthan 2047: The long-term development roadmap aimed at transforming Rajasthan into a developed state by 2047
- Raj-AIMS (Digital Agriculture Mission): A proposed AI and satellite-based initiative to modernize agriculture and improve productivity
- Mukhyamantri Lakhpati Didi Yojana: A state scheme promoting women’s financial empowerment through enhanced loan support
Tabular Summary:
| Parameter | Details |
| Event name | Rajasthan Budget 2026–27 |
| Announcement date | February 2026 |
| Location | Jaipur, Rajasthan |
| Issuing authority | Government of Rajasthan |
| Policy/series name | State Budget 2026–27 |
| Key figures | Divya Kumari |
| Purpose/reason | Fiscal discipline and development roadmap |
| Feature details | ₹6.11 lakh crore outlay; fiscal deficit 3.69% of GSDP |
| Validity or status | Financial Year 2026–27 |
| Strategic/significant value | Aligns with Viksit Rajasthan 2047 vision |
17. V.O. Chidambaranar Port Authority became India’s first Major Port to receive which certification from the Indian Green Building Council?
A) IGBC Gold Rating
B) IGBC Silver Rating
C) IGBC Diamond Rating
D) IGBC Platinum Rating
E) IGBC Net Zero Rating
Answer: D) IGBC Platinum Rating
Event and Location:
- Event: V.O. Chidambaranar Port Authority receives IGBC Platinum and Shunya certifications
- Location: Thoothukudi, Tamil Nadu
- Date: February 2026
Mandates and Objectives:
- Mandates: Award of IGBC Platinum Rating by the Indian Green Building Council (IGBC) and Shunya & Shunya Plus Certifications by the Bureau of Energy Efficiency (BEE) to V.O. Chidambaranar Port Authority
- Objectives: To promote sustainable infrastructure, ensure energy efficiency, achieve net-zero and net-positive energy standards, reduce carbon footprint, and align with Maritime India Vision 2030 and Harit Sagar – Green Port Guidelines
Important Terms Explained:
- IGBC Platinum Rating: The highest green building certification awarded by the Indian Green Building Council for excellence in sustainability and energy efficiency
- Shunya Certification: A recognition granted by the Bureau of Energy Efficiency for achieving Net Zero Energy Building status
- Shunya Plus Certification: Certification for buildings that generate more renewable energy than they consume
- Net Zero Energy Building: A building whose annual energy consumption is fully met by renewable energy generation
- Solar Reflectance Index (SRI): A measure of a material’s ability to reflect solar heat, reducing urban heat island effect
- Harit Sagar – Green Port Guidelines: Government framework promoting environmentally sustainable port operations
Tabular Summary:
| Parameter | Details |
| Event name | VOC Port Receives IGBC Platinum & Shunya Certifications |
| Announcement date | February 2026 |
| Location | Thoothukudi, Tamil Nadu |
| Issuing authority | IGBC and BEE |
| Policy/series name | Sustainable Infrastructure Certification |
| Key figures | VOC Port Authority Officials |
| Purpose/reason | To recognise sustainable and renewable energy-driven infrastructure |
| Feature details | 100% renewable energy operation; 37% reduction in potable water use |
| Validity or status | Certified as Net Zero and Net Positive Energy Buildings |
| Strategic/significant value | First Major Port in India with IGBC Platinum Rating |
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