Daily Current Affairs February 07 & 08

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 07 & 08. 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 07 & 08 | Daily Current Affairs 2025

Sports – Daily Current Affairs February 02

1. Who scored a record-breaking 175 runs in the ICC U-19 World Cup 2026 final for India?
A) Ayush Mhatre
B) R Ambrish
C) Caleb Falconer
D) Vaibhav Sooryavanshi
E) Kanishk Chouhan
Answer: D) Vaibhav Sooryavanshi

Event and Location:

• Event: India wins ICC U-19 Men’s Cricket World Cup 2026
• Location: South Africa (host of the ICC U-19 World Cup 2026)
• Date: 7 February 2026

Mandates and Objectives:

• Mandates: The ICC Under-19 World Cup 2026 final was held between India and England, where India secured a record-breaking victory.
• Objectives: To determine the youth world champion in men’s cricket, promote emerging global talent, and build pathways for international cricket development.

Important Terms Explained:

• ICC U-19 World Cup: A biennial international cricket tournament for national teams with players under the age of 19, organized by the International Cricket Council (ICC).
• Vaibhav Sooryavanshi: Indian U19 cricketer who scored 175 off 80 balls in the 2026 final, setting a record for the highest individual score in an U-19 World Cup final.
• Caleb Falconer: England U19 player who scored a century in the final, emerging as a lone performer in a losing cause.

Tabular Summary:

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2. Which state’s women’s team won gold in the Para Throwball National Federation Cup 2026?
A) Andhra Pradesh
B) Telangana
C) Rajasthan
D) Jharkhand
E) Haryana
Answer: D) Jharkhand

Event and Location:

• Event: Para Throwball National Federation Cup 2026
• Location: Jhunjhunu, Rajasthan
• Date: February 2026

Mandates and Objectives:

• Mandates: The Para Throwball National Federation Cup 2026 was held to promote inclusive sports, with state teams competing in men’s and women’s categories.
• Objectives: To provide a national platform for para-athletes, encourage talent development, improve competitive standards, and enhance visibility for para throwball in India.

Important Terms Explained:

• Para Throwball: A modified version of throwball played by athletes with physical disabilities, promoting inclusivity and accessibility in competitive team sports.
• National Federation Cup: A major domestic-level sports tournament in India, organized by the respective national federations to identify and nurture talent through state-wise competition.
• Inclusive Sports: Athletic activities designed to include individuals with disabilities, aiming for equality, empowerment, and sports-based rehabilitation.

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Ranking – Daily Current Affairs February 07 & 08

3. Which state ranked first in wool production in India in 2026?
A) Jammu & Kashmir
B) Rajasthan
C) Karnataka
D) Telangana
E) Gujarat
Answer: B) Rajasthan

Event and Location:

• Event: Release of India’s top wool-producing states ranking for 2026
• Location: Nationwide (India)
• Date: February 7, 2026

Mandates and Objectives:

• Mandates: The Ministry released updated wool production data for 2026, identifying the top 10 wool-producing states and highlighting regional trends in quality and volume.
• Objectives: To assess wool production trends, recognize high-performing states, guide future livestock policies, and promote wool-based rural livelihoods and exports.

Top 10 Wool Producing States in India – 2026

Important Terms Explained:

• Carpet Grade Wool: Coarse wool constituting about 85% of India’s total output, mainly used in rugs, blankets, and carpets.
• Apparel Grade Wool: Finer wool type used in garments and shawls, making up around 5% of national output.
• Ewes: Female sheep, which contribute over 71% of India’s wool production, making them critical to the wool economy.

Tabular Summary:

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Banking and Finance – Daily Current Affairs February 07 & 08

4. From April 2026, which institution will implement a risk-based deposit insurance premium framework for Indian banks?
A) NABARD
B) RBI
C) DICGC
D) SEBI
E) IBA
Answer: C) DICGC

Event and Location:

• Event: Introduction of risk-based deposit insurance premium system
• Location: India (All Scheduled Commercial, Cooperative, and RRB Banks)
• Date: Effective from 1 April 2026

Mandates and Objectives:

• Mandates: The Deposit Insurance and Credit Guarantee Corporation (DICGC) will implement a new risk-based premium model for banks, replacing the existing flat-rate deposit insurance system.
• Objectives: To align insurance costs with a bank’s risk level, promote sound banking practices, incentivize risk reduction, and protect the stability of India’s deposit insurance fund.

Important Terms Explained:

• Risk-Based Deposit Insurance Framework: A system where banks pay deposit insurance premiums based on their individual risk profiles, instead of a uniform rate.
• CAMELS Parameters: A supervisory framework used by regulators to assess a bank’s Capital adequacy, Asset quality, Management, Earnings, Liquidity, and Sensitivity to market risk.
• DICGC (Deposit Insurance and Credit Guarantee Corporation): A wholly owned RBI subsidiary that provides deposit insurance up to ₹5 lakh per depositor per bank.

Tabular Summary:

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5. Which bank issued India’s first fully digital Foreign Portfolio Investor (FPI) licence in 2026?
A) HDFC Bank
B) ICICI Bank
C) State Bank of India
D) Axis Bank
E) Kotak Mahindra Bank
Answer: E) Kotak Mahindra Bank

Event and Location:

• Event: Issuance of India’s first fully digital Foreign Portfolio Investor (FPI) licence
• Location: Nationwide (India – Capital Markets)
• Date: 7 February 2026

Mandates and Objectives:

• Mandates: Kotak Mahindra Bank became the first custodian to issue a fully digital FPI licence, completing the process end-to-end using electronic signatures under SEBI’s new digital workflow.
• Objectives: To simplify FPI onboarding, reduce paperwork, cut processing time, and align India’s capital market infrastructure with global digital standards to attract more foreign investment.

Important Terms Explained:

• Foreign Portfolio Investor (FPI) Licence: A regulatory approval that allows foreign investors to invest in Indian securities such as equities and bonds; critical for liquidity and market depth.
• SEBI Unified Digital Workflow: An end-to-end online system introduced in January 2026 by SEBI to digitize FPI registration and eliminate physical documentation.
• e-Signature: Legally valid electronic signature used to digitally authorize and submit documents, enabling seamless remote onboarding and approvals.

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6. Which Indian state was praised by the World Bank for including PSU and SPV borrowings in its official liabilities since 2014?
A) Tamil Nadu
B) West Bengal
C) Maharashtra
D) Karnataka
E) Gujarat
Answer: D) Karnataka

Event and Location:

• Event: World Bank highlights Karnataka’s fiscal reform as a model for other states
• Location: India (State-level fiscal governance)
• Date: 7 February 2026

Mandates and Objectives:

• Mandates: In 2014, Karnataka amended its Fiscal Responsibility Legislation to include the borrowings of Public Sector Undertakings (PSUs) and Special Purpose Vehicles (SPVs) within the state’s official debt.
• Objectives: To improve fiscal transparency, reduce off-budget borrowings (OBB), strengthen budgetary discipline, and present a more realistic picture of state-level liabilities.

Important Terms Explained:

• Off-Budget Borrowing (OBB): Loans or obligations incurred by PSUs or SPVs on behalf of the government that do not appear in the official budget, leading to hidden liabilities.
• PSUs and SPVs: Government-owned corporations and project-specific entities that often raise funds for infrastructure and welfare schemes outside of the formal budget.
• Fiscal Responsibility Legislation (FRL): A law aimed at ensuring fiscal discipline by setting targets for debt, deficits, and reporting for governments.

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Science and Technology – Daily Current Affairs February 07 & 08

7. Which missile was recently test-fired by India under the Strategic Forces Command for operational validation?
A) Agni-IV
B) Prithvi-II
C) Agni-III
D) Shaurya
E) K-4
Answer: C) Agni-III

Event and Location:

• Event: Successful operational test-firing of Agni-III ballistic missile
• Location: Integrated Test Range, Chandipur, Odisha
• Date: 6 February 2026

Mandates and Objectives:

• Mandates: India conducted a routine training launch of the Agni-III intermediate-range ballistic missile under the supervision of the Strategic Forces Command.
• Objectives: The objective was to validate the missile’s operational readiness, assess subsystem performance, and reinforce India’s credible minimum deterrence strategy.

Important Terms Explained:

• Agni-III: A two-stage, solid-fuelled intermediate-range ballistic missile developed by DRDO, capable of delivering nuclear and conventional warheads over 3,000 km.
• Strategic Forces Command: A tri-service command responsible for the management and deployment of India’s strategic nuclear arsenal under the Nuclear Command Authority.
• Credible Minimum Deterrence: India’s nuclear policy doctrine aimed at maintaining a minimum but effective deterrent to ensure national security while adhering to a No First Use stance.

Tabular Summary:

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8. From which date will the Indian Railways discontinue the UTS ticket booking app in favour of the RailOne super app?
A) 1 February 2026
B) 14 July 2026
C) 27 December 2025
D) 1 March 2026
E) 14 January 2026
Answer: D) 1 March 2026

Event and Location:

• Event: Discontinuation of UTS app and rollout of RailOne super app
• Location: Nationwide (India – Indian Railways network)
• Date: Effective from 1 March 2026

Mandates and Objectives:

• Mandates: Indian Railways will discontinue the UTS app (Unreserved Ticketing System) from March 1, 2026, and replace it with RailOne, a consolidated super app integrating all ticketing and support services.
• Objectives: To simplify digital railway services, promote cashless travel, improve passenger experience, and unify ticketing platforms under one app for efficiency and convenience.

Important Terms Explained:

• UTS App: Launched in 2014, UTS allowed booking of unreserved and platform tickets; it will be phased out from March 2026 as its features shift to RailOne.
• RailOne Super App: A unified mobile platform offering reserved/unreserved ticket booking, live train tracking, PNR management, food ordering, Rail Madad, and more.
• Digital Incentive Scheme: A 3% discount on digital payments for unreserved tickets booked via RailOne (valid from 14 Jan 2026 to 14 July 2026), aimed at encouraging cashless travel.

Tabular Summary:

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Defence – Daily Current Affairs February 07 & 08

9. Which Indian port became the first to deploy an advanced anti-drone system in 2026?
A) Cochin Port
B) Chennai Port
C) Visakhapatnam Port
D) V.O. Chidambaranar Port
E) Mormugao Port
Answer: D) V.O. Chidambaranar Port

Event and Location:

• Event: Deployment of India’s first anti-drone system at a major port
• Location: V.O. Chidambaranar Port, Thoothukudi, Tamil Nadu
• Date: 7 February 2026

Mandates and Objectives:

• Mandates: VOC Port became the first port in India to deploy an advanced anti-drone system with integrated RF and radar technologies.
• Objectives: To enhance coastal security, prevent unauthorised drone intrusions, protect critical infrastructure, and align with national maritime safety strategies.

Important Terms Explained:

• Anti-Drone System: A layered electronic security solution using radio frequency (RF) and radar technology for real-time drone detection, tracking, classification, and neutralisation.
• Maritime India Vision 2030: A strategic roadmap by the Ministry of Ports, Shipping and Waterways to modernise ports, improve maritime logistics, and enhance safety and digital governance.
• Amrit Kaal Vision 2047: India’s long-term development strategy aiming at becoming a developed nation by 2047, emphasizing resilience, innovation, and national security.

Tabular Summary:

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International Affairs – Daily Current Affairs February 07 & 08

10. Why did the United States lift the additional 25% tariff on Indian goods in February 2026?
A) India agreed to import more Russian oil
B) India reduced tariffs on US automobiles
C) India committed to stop importing Russian oil
D) India signed a defense pact with Russia
E) India exited the Indo-Pacific Economic Framework
Answer: C) India committed to stop importing Russian oil

Event and Location:

• Event: US removed additional 25% tariff on Indian goods
• Location: Bilateral trade agreement between India and the United States
• Date: 7 February 2026

Mandates and Objectives:

• Mandates: The US lifted an additional 25% duty on Indian goods following India’s agreement to cease importing Russian oil and commit to expanded defense and trade cooperation.
• Objectives: The aim was to normalize trade relations, reduce tariff burdens, and enhance bilateral cooperation across energy, defense, and aviation sectors while curbing indirect support to the Russia-Ukraine conflict.

Important Terms Explained:

• 25% Tariff: An additional import duty imposed by the US under Donald Trump on Indian goods due to India’s oil trade with Russia during the Ukraine conflict, now lifted.
• Reciprocal Tariffs: Mutually agreed tariffs on goods traded between two countries; India and the US agreed to reduce these from 25% to 18%.
• $500 Billion Purchase Commitment: India’s five-year agreement to purchase US goods including energy, aviation parts, metals, and coal, supporting trade balance and bilateral economic ties.

Tabular Summary:

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Schemes – Daily Current Affairs February 07 & 08

11. What is the primary function of the newly launched MCP Server by NSO?
A) Hosting cloud-based survey forms
B) Downloading PDFs from government sites
C) Enabling AI tools to directly access official datasets
D) Conducting online recruitment for NSO
E) Managing RTI applications digitally
Answer: C) Enabling AI tools to directly access official datasets

Event and Location:

• Event: Launch of MCP Server for eSankhyiki Portal
• Location: Nationwide (India – online government data system)
• Date: 6 February 2026

Mandates and Objectives:

• Mandates: The National Statistics Office (NSO) launched the Model Context Protocol (MCP) Server to make official statistics AI-compatible through the eSankhyiki portal.
• Objectives: To modernize public data access, enable AI-based real-time analysis, reduce manual data handling, and support digital governance and evidence-based policymaking.

Important Terms Explained:

• MCP Server (Model Context Protocol Server): A digital interface that allows AI systems and applications to query official government datasets without manual downloads, enabling real-time and automated analysis.
• eSankhyiki Portal: India’s national statistics platform, managed by NSO, which now includes AI integration capabilities through the MCP Server.
• Viksit Bharat: A national vision aimed at transforming India into a developed nation, under which digital data systems like MCP Server contribute to inclusive and data-driven governance.

Tabular Summary:

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National Affairs – Daily Current Affairs February 07 & 08

12. What is the main objective of the Amaravati Quantum Valley project launched in Andhra Pradesh?
A) To establish India’s largest AI center
B) To promote rural digital banking services
C) To create a global hub for quantum research and innovation
D) To manufacture quantum chips for export
E) To privatize all quantum research institutions
Answer: C) To create a global hub for quantum research and innovation

Event and Location:

• Event: Launch of Amaravati Quantum Valley (AQV) project
• Location: Amaravati, Andhra Pradesh
• Date: 7 February 2026

Mandates and Objectives:

• Mandates: Andhra Pradesh launched the Amaravati Quantum Valley project with the aim of establishing a quantum research and innovation ecosystem in the state.
• Objectives: The goal is to promote quantum computing, communication, and quantum-safe technologies through collaboration with industry leaders, academic institutions, and startups, while positioning the state as a global leader in next-gen technologies.

Important Terms Explained:

• Amaravati Quantum Valley (AQV): A state-led initiative to build a regional hub for quantum innovation involving research centres, talent development, and industry–academia partnerships.
• Quantum Innovation Centre (QIC): A collaborative facility by IBM and TCS to focus on research and development in quantum computing and applications.
• Quantum-Safe Application: A cybersecurity solution designed to withstand threats from quantum computers, launched by QClairvoyance Quantum Labs as part of AQV.

Tabular Summary:

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13. Which Indian state became the second to release a comprehensive Bird Atlas after Kerala?
A) Maharashtra
B) Tamil Nadu
C) Karnataka
D) Goa
E) Andhra Pradesh
Answer: D) Goa

Event and Location:

• Event: Launch of the Bird Atlas of Goa
• Location: Valpoi, Goa (at the 9th Bird Festival of Goa)
• Date: 7 February 2026

Mandates and Objectives:

• Mandates: Goa released a comprehensive Bird Atlas, becoming the second Indian state after Kerala to document bird distribution and abundance using scientific methods.
• Objectives: To track bird population trends, support biodiversity conservation, engage local communities through citizen science, and provide spatial data for ecological planning and policy-making.

Important Terms Explained:

• Bird Atlas: A scientific tool that maps bird species distribution using grid-based surveys over time to monitor biodiversity, habitat changes, and conservation needs.
• Citizen Science: A collaborative approach where volunteers, nature groups, and the public contribute data and observations for scientific research and environmental monitoring.
• Majestic Mhadei: The theme of the 9th Bird Festival of Goa, focusing on the biodiversity of the Mhadei River Basin, a key ecological region in Goa.

Tabular Summary:

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14. Which district became the first in India to achieve 100% insurance coverage under the ‘Insurance for All by 2047’ initiative?
A) Jaipur
B) Bhopal
C) Alwar
D) Varanasi
E) Nashik
Answer: C) Alwar

Event and Location:

• Event: Alwar becomes India’s first fully insured district
• Location: Alwar, Rajasthan
• Date: 7 February 2026

Mandates and Objectives:

• Mandates: The Government of India and IRDAI, under the Insurance for All by 2047 roadmap, achieved 100% insurance coverage in Alwar district, marking the first such success at the district level.
• Objectives: To promote universal access to life, health, and general insurance by ensuring last-mile coverage, eliminating financial risk, and strengthening social protection infrastructure in rural and underserved regions.

Important Terms Explained:

• Insurance for All by 2047: A national roadmap by the Government of India and IRDAI aimed at achieving universal insurance coverage by India’s 100th year of independence, focusing on inclusion, affordability, and accessibility.
• IRDAI (Insurance Regulatory and Development Authority of India): The apex regulator overseeing the insurance sector in India, responsible for promoting orderly growth and policyholder protection.
• United India Insurance Company Ltd: A public sector general insurance company that issued the policies for residents of Alwar district as part of the 100% coverage initiative.

Tabular Summary:

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15. What is the primary objective of Delhi Police’s Operation Shastra launched in February 2026?
A) Crackdown on cyber frauds
B) Monitor financial scams
C) Control drug trafficking
D) Curb digital intimidation and fear-mongering
E) Prevent traffic rule violations
Answer: D) Curb digital intimidation and fear-mongering

Event and Location:

• Event: Launch of Operation Shastra to curb online intimidation and fear
• Location: Delhi, India
• Date: 7 February 2026

Mandates and Objectives:

• Mandates: The Delhi Police launched Operation Shastra, a targeted operation against individuals misusing social media to create fear and signal criminal dominance.
• Objectives: To identify, prevent, and take legal action against users posting weapons, abusive content, or criminal symbolism online, and to restore public confidence through proactive cyber-conventional policing.

Important Terms Explained:

• Operation Shastra: A preventive policing campaign by Delhi Police targeting social media profiles that post intimidating content involving weapons or threats.
• Digital Fear-Mongering: The use of online platforms to instil psychological fear, establish dominance, or provoke violence, often through threatening visuals or language.
• Preventive Policing: A strategic law enforcement method aimed at anticipating and stopping crimes before they occur by monitoring suspicious patterns—both physical and digital.

Tabular Summary:

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16. Under the revised Startup India framework, what is the maximum recognition period granted to deep tech startups?
A) 10 years
B) 15 years
C) 18 years
D) 20 years
E) 25 years
Answer: D) 20 years

Event and Location:

• Event: Expansion of Startup India definition and recognition framework
• Location: Nationwide (India – via DPIIT)
• Date: February 2026

Mandates and Objectives:

• Mandates: The Government of India expanded the Startup India framework to include deep tech startups, extending their recognition period and increasing turnover limits.
• Objectives: To support research-intensive, IP-driven startups with longer gestation cycles and high innovation costs, and to make India a global hub for advanced technology and entrepreneurship.

Important Terms Explained:

• Deep Tech Startups: Companies built on advanced scientific or engineering innovation (e.g. AI, robotics, biotech), with high R&D intensity, long development cycles, and a focus on novel intellectual property (IP) creation.
• DPIIT: Department for Promotion of Industry and Internal Trade, the nodal body under the Ministry of Commerce responsible for startup recognition and policy implementation.
• Section 80-IAC (Income Tax Act): A section offering tax exemption for eligible startups for three consecutive years out of ten (or extended timeline for deep tech), subject to Inter-Ministerial Board approval.

Tabular Summary:

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17. Where was the Black Swan Summit India 2026 inaugurated, focusing on digital finance and job creation?
A) Bengaluru
B) Mumbai
C) Bhubaneswar
D) Hyderabad
E) Gandhinagar
Answer: C) Bhubaneswar

Event and Location:

• Event: Inauguration of Black Swan Summit India 2026
• Location: Bhubaneswar, Odisha
• Date: 6 February 2026

Mandates and Objectives:

• Mandates: The Black Swan Summit India 2026 was co-organised by the Odisha Government and Global Finance and Technology Network under the BharatNetra Initiative to promote digital finance and job-centric economic growth.
• Objectives: To position Odisha as a digital finance hub, promote regulated innovation, enhance financial inclusion, and discuss policy solutions for employment, resilience, and responsible technology adoption.

Important Terms Explained:

• Black Swan Summit: A global policy platform addressing unpredictable, high-impact economic and technological changes (“black swan” events) through collaborative governance and innovation.
• BharatNetra Initiative: A multi-stakeholder effort focused on digital finance, AI, and inclusive growth in India, co-leading events like the Black Swan Summit.
• Digital Public Infrastructure (DPI): Technology systems like UPI, Aadhaar, and DigiLocker that provide universal digital access to essential services in finance, governance, and identity.

Tabular Summary:

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Over All Review

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