Daily Current Affairs February 14 & 15

Dear Champions, as you all know that a lot of competitive exams have been notified consequently. Candidates have to prepare themselves according to the level of competition and expectation of the Recruitment board. Regarding that one of the most important topic is Daily Current Affairs February 14 & 15. Current Affairs in the form of contemporary events of national & international play a crucial role in almost every competitive exams like Banking, Insurance, SSC, UPSC, TNPSC, Railway etc.

Current affairs are the most dynamic yet scoring among all sections and need to be prepared from the right source. Here, we cafunsta team, providing Daily GK Updates, Current Affairs Questions, and Monthly current affairs pdf.

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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


Over All Review

Important Days

  • NSSTA celebrated its 18th Foundation Day in Greater Noida under the Ministry of Statistics and Programme Implementation.

Sports 

  • India topped the Asian Rifle/Pistol Championship 2026 with a total of 94 medals.

Obituary

  • Veteran Kannada filmmaker Joe Simon passed away at the age of 80 in February 2026.

Banking and Finance 

  • The RBI increased the M&A financing limit for banks to 20 percent of Tier-1 capital.
  • RBI issued draft guidelines tightening bank lending norms for REITs and InvITs.

Business And Economy

  • Reliance Industries secured a U.S. general license to import Venezuelan crude oil.

Appointments

  • The Gujarat government appointed Uday Kotak as Chairman of GIFT City in February 2026.
  • The RBI approved a three-year extension for Sanjay Agarwal as MD and CEO of AU Small Finance Bank.
  • Mia Mottley won a historic third consecutive term as Prime Minister of Barbados in 2026.

Awards 

  • Oil India Limited won the FIPI Award 2025 for Oil & Gas Production Company of the Year.

Science and Technology

  • The World Health Organization prequalified an additional novel oral polio vaccine type 2 in February 2026.
  • Vast Space signed an agreement with NASA for a private astronaut mission to the ISS in 2027.

Defence

  • The Indian Army will host the first International Military Adventure Challenge Cup from February 18 to 23, 2026.

National Affairs

  • NITI Aayog released the sixth edition of Trade Watch Quarterly for Q2 FY26 in February 2026.
  • Uttar Pradesh presented its first-ever Economic Survey 2025-26 in the state legislature.
  • Rajasthan presented a ₹6.11 lakh crore Budget for the financial year 2026–27.
  • V.O. Chidambaranar Port Authority became India’s first Major Port to receive the IGBC Platinum Rating.

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