Daily Current Affairs February 28

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 28. 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 28 | Daily Current Affairs 2025

Important Days – Daily Current Affairs February 28

1. Who proposed the concept of World NGO Day?
A) Ban Ki-moon
B) Marcis Liors Skadmanis
C) Nelson Mandela
D) Kofi Annan
E) Malala Yousafzai
Answer: B) Marcis Liors Skadmanis

Event and Location:

• Event: World NGO Day 2025
• Date: February 27, 2025
• Location: Global Observance

Mandates and Objectives:

• Recognizing NGO Contributions: Honoring NGOs’ efforts in humanitarian aid, education, healthcare, and environmental conservation
• Raising Awareness: Highlighting challenges such as funding limitations, policy restrictions, and operational difficulties
• Encouraging Support: Promoting volunteering, donations, and policy advocacy for NGOs
• Fostering Collaboration: Strengthening partnerships between NGOs, governments, businesses, and local communities

Important Terms Explained:

• NGO (Non-Governmental Organization): A nonprofit organization that operates independently of the government to address social, environmental, and humanitarian issues
• United Nations Sustainable Development Goals (SDGs): A set of 17 global goals aimed at eradicating poverty, protecting the environment, and ensuring prosperity for all
• Grassroots Movements: Local community-driven initiatives that address social and environmental challenges
• Charity Drive: A fundraising initiative to support social causes through donations and essential supplies

Tabular Summary:

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Ranking – Daily Current Affairs February 28

2. Which Indian bank has been recognized as the highest-rated bank in sustainability in the S&P Global Sustainability Rankings 2025?
A) HDFC Bank
B) ICICI Bank
C) Yes Bank
D) State Bank of India
E) Axis Bank
Answer: C) Yes Bank

Event and Location:

• Event: Yes Bank Leads S&P Global Sustainability Rankings 2025
• Date: February 28, 2025
• Location: India

Mandates and Objectives:

• Sustainability Leadership: Yes Bank has been India’s highest-rated bank in sustainability for the third consecutive year
• Global ESG Recognition: The only Indian bank included in the S&P Global Sustainability Yearbook 2025
• Environmental Performance: Ranked in the Leadership Band (A-) by the Carbon Disclosure Project (CDP)
• Net-Zero Commitment: Targeting net-zero emissions (Scope 1 & Scope 2) by 2030
  Corporate Governance Standards: Oversight by a Board-level CSR and ESG Committee

Important Terms Explained:

• S&P Global Corporate Sustainability Assessment (CSA): A ranking system evaluating companies based on Environmental, Social, and Governance (ESG) factors
• Carbon Disclosure Project (CDP): A global initiative assessing companies on climate risk management and emissions disclosure
• Net-Zero Emissions: A commitment to balancing emitted greenhouse gases by removing an equivalent amount from the atmosphere
• Scope 1 & Scope 2 Emissions: Scope 1 refers to direct emissions from owned sources, while Scope 2 covers indirect emissions from purchased electricity

Tabular Summary:

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3. Which country has the highest GDP per capita (PPP) in 2025, according to the IMF report?
A) Singapore
B) United States
C) Luxembourg
D) Qatar
E) Ireland
Answer: C) Luxembourg

Event and Location:

• Event: Top 10 Wealthiest Countries by GDP per Capita in 2025
• Date: February 28, 2025
• Location: Global

Mandates and Objectives:

• Measuring Economic Prosperity: Ranking countries based on GDP per capita (PPP) to assess wealth and living standards
• Comparative Analysis: Adjusting GDP for Purchasing Power Parity (PPP) to ensure accurate international comparisons
• Identifying Economic Strengths: Analyzing key industries and factors driving economic success in top-ranking nations
• Highlighting Global Economic Trends: Understanding shifting power dynamics in the world economy

Important Terms Explained:

• GDP per Capita (PPP): The total economic output of a country divided by its population, adjusted for purchasing power differences
• Purchasing Power Parity (PPP): A metric used to compare the cost of living and economic productivity across countries
• LNG (Liquefied Natural Gas): A key export commodity that boosts the economies of countries like Qatar and Brunei
• Financial Hub: A country or city known for banking, trade, and investment sectors, such as Luxembourg, Singapore, and Switzerland

Tabular Summary:

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Banking and Finance – Daily Current Affairs February 28

4. What change has the RBI made regarding risk weights on bank loans to NBFCs and microloans, effective April 1, 2025?
A) Increased risk weights on NBFC loans by 25 percentage points
B) Reduced microloan risk weights to a uniform 50%
C) Restored NBFC loan risk weights to external rating-based levels
D) Increased risk weights on microloans for regulatory retail loans
E) Made no changes to the existing risk weight structure
Answer: C) Restored NBFC loan risk weights to external rating-based levels

Event and Location:

• Event: RBI Reverses Higher Risk Weights on Bank Loans to NBFCs and Microloans
• Date: April 1, 2025 (Effective Date)
• Location: India

Mandates and Objectives:

• Reduction of Risk Weights: Restoring risk weights on bank loans to NBFCs to external rating-based levels
• Enhancing Bank Credit Flow: Encouraging higher lending to NBFCs and microfinance institutions
• Addressing Slow Credit Growth: Counteracting the decline in bank loan growth seen after the 2023 decision
• Clarification on Microloan Risk Weights: Differentiating risk weights for business and consumer microloans
• Improving NBFC Funding: Reducing NBFC dependence on costly funding sources like capital markets and ECBs

Important Terms Explained:

• Risk Weight: The percentage of capital banks must hold against loans, based on borrower risk
• Non-Banking Financial Companies (NBFCs): Financial institutions providing credit and financial services outside traditional banking
• Microloans: Small loans provided to low-income individuals or businesses, often used for self-employment or entrepreneurship
• External Commercial Borrowings (ECBs): Loans raised by Indian companies from foreign sources, usually in foreign currency
• Regulatory Retail Loans: Small-value business loans classified under RBI regulations for preferential risk treatment
• Consumer Credit: Loans taken by individuals for personal consumption rather than business purposes

Tabular Summary:

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Business and Economy – Daily Current Affairs February 28

5. Which financial institution has signed an MoU with Tata Capital Limited (TCL) to strengthen MSME financing?
A) NABARD
B) SIDBI
C) RBI
D) SEBI
E) EXIM Bank
Answer: B) SIDBI

Event and Location:

• Event: SIDBI Signs MoU with Tata Capital Limited to Strengthen MSME Financing
• Date: February 28, 2025
• Location: India

Mandates and Objectives:

• Strengthening MSME Financing: Expanding credit access for Micro, Small, and Medium Enterprises (MSMEs)
• Funding Support: Providing financial assistance for machinery/equipment, working capital, and loans against property
• Co-Lending and Risk Sharing: Exploring joint financing models to mitigate credit risks
• Facilitating MSME Growth: Enabling financial inclusion and business expansion opportunities
• Collaboration Between SIDBI & TCL: Enhancing financial partnerships to bridge credit gaps in the MSME sector

Important Terms Explained:

• Micro, Small, and Medium Enterprises (MSMEs): Businesses classified based on investment in plant, machinery, or equipment and annual turnover
• Co-Lending Model: A financing model where banks or financial institutions partner with NBFCs to provide loans jointly
• Working Capital Loan: A short-term loan to finance a company’s day-to-day operational expenses
• Loans Against Property (LAP): A secured loan where borrowers pledge their commercial or residential property as collateral
• Fund of Funds: A scheme managed by SIDBI to support startup funding and entrepreneurial development

Tabular Summary:

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6. What is S&P Global Ratings’ GDP growth projection for India over the next two years (2025-26)?
A) 5.5 – 5.8%
B) 6.0 – 6.2%
C) 6.7 – 6.8%
D) 7.5 – 7.8%
E) 8.0 – 8.2%
Answer: C) 6.7 – 6.8%

Event and Location:

• Event: S&P Global Ratings on US Reciprocal Tariffs & India’s Economic Outlook
• Date: February 19, 2025
• Location: New Delhi, India

Mandates and Objectives:

• Limited Impact of US Tariffs: India’s economy is domestically driven, with less dependence on exports
• GDP Growth Projection: S&P forecasts India’s GDP to grow at 6.7-6.8% over the next two years
• Fiscal Deficit Targets: Government expected to meet 4.8% (FY25) and 4.4% (FY26) targets
• Strong Revenue Collection: Tax-to-GDP ratio has risen to 12%, supporting fiscal stability
• Sovereign Rating: India holds a ‘BBB-‘ (investment grade) rating from S&P, with a positive outlook
• High-Risk Sectors for Tariffs: Textiles and chemicals are more vulnerable, while pharmaceuticals are expected to remain unaffected

Important Terms Explained:

• S&P Global Ratings: A leading credit rating agency that evaluates the creditworthiness of governments and corporations
• Fiscal Deficit: The shortfall between government revenue and expenditure, measured as a percentage of GDP
• Tax-to-GDP Ratio: A measure of how much tax revenue a country generates relative to its GDP
• US Reciprocal Tariffs: Trade measures imposing duties on imports from specific countries in response to unfair trade practices
• Generic Drugs: Pharmaceutical products that contain the same active ingredients as branded drugs but are cheaper and widely used

Tabular Summary:

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7. What is the RBI’s projected inflation rate for India in FY 2025-26 (Q1 & Q4)?
A) 3.5% in Q1 and 3.2% in Q4
B) 4.5% in Q1 and 4.2% in Q4
C) 5.1% in Q1 and 4.8% in Q4
D) 4.8% in Q1 and 4.6% in Q4
E) 5.3% in Q1 and 5.0% in Q4
Answer: B) 4.5% in Q1 and 4.2% in Q4

Event and Location:

• Event: Financial Markets on Edge Over Tariff Impact – RBI’s Economic Outlook
• Date: February 20, 2025
• Location: India

Mandates and Objectives:

• Monitoring Global Financial Instability: Assessing the impact of disinflation, energy price volatility, and trade uncertainties
• RBI’s Inflation Forecast: 4.8% for FY 2024-25, declining to 4.5% (Q1) and 4.2% (Q4) in FY 2025-26
• India’s Growth Prospects: Economic activity expected to gain momentum in the latter half of FY 2024-25
• Monetary Policy Approach: RBI’s Monetary Policy Committee (MPC) maintaining a neutral policy stance to ensure flexibility
• Impact of US Tariffs: Limited impact on India as it is domestically driven, with minimal export dependency

Important Terms Explained:

• Disinflation: A slowdown in the rate of inflation, which can lead to weaker consumer demand and economic uncertainty
• Monetary Policy Committee (MPC): A body within RBI that decides interest rates and monetary policy
• Capital Expenditure (Capex): Government spending on infrastructure, industries, and long-term assets to boost economic growth
• Sovereign Bond Yields: The return on government bonds, which can fluctuate due to market volatility and investor confidence
• US Tariffs Impact: India’s economy is less dependent on exports, making it less vulnerable to trade restrictions

Tabular Summary:

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Acquisitions and Mergers – Daily Current Affairs February 28

8. Which company has acquired BharatX in an all-cash deal to expand its checkout financing solutions?
A) Paytm
B) Razorpay
C) PhonePe
D) super.money
E) MobiKwik
Answer: D) super.money

Event and Location:

• Event: Flipkart-Backed super.money Acquires BharatX for Growth
• Date: February 28, 2025
• Location: India

Mandates and Objectives:

• Expanding Digital Credit Solutions: Strengthening checkout financing and credit-on-UPI offerings
• Leveraging BharatX’s Technology: Integrating Buy Now, Pay Later (BNPL) and EMI solutions into super.money’s platform
• Scaling Financial Inclusion: Providing credit access to underserved consumers in India
• Strategic Market Entry: Entering checkout financing at a time of reduced competition and tightening credit cycles
• Boosting UPI-Based Credit: Positioning UPI as a driver for seamless and accessible digital credit

Important Terms Explained:

• Checkout Financing: A short-term credit option allowing users to pay in installments or BNPL at the time of online purchases
• UPI (Unified Payments Interface): India’s real-time payment system enabling instant digital transactions
• Buy Now, Pay Later (BNPL): A credit model where consumers can defer payments or split purchases into installments
• Financial Inclusion Index (RBI 2024): A report indicating that 70% of India’s population lacks access to formal financial services
• Credit-on-UPI: A model that enables consumers to access credit through UPI-linked payment systems

Tabular Summary:

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Books and Authors – Daily Current Affairs February 28

9. Who released the first edition of the ‘Sashakt Bharat’ Hindi magazine?
A) Amit Shah
B) Narendra Modi
C) Rajnath Singh
D) Sanjay Seth
E) Anil Chauhan
Answer: C) Rajnath Singh

Event and Location:

• Event: Raksha Mantri Shri Rajnath Singh Unveils First Edition of ‘Sashakt Bharat’ Hindi Magazine
• Date: February 27, 2025
• Location: South Block, New Delhi

Mandates and Objectives:

• Promoting Hindi in Governance: Encouraging the use of Hindi in official communication within the Ministry of Defence
• Honoring Armed Forces: Highlighting the valour, patriotism, and sacrifices of military personnel
• Enhancing Administrative Efficiency: Strengthening national integration through linguistic inclusivity
• Encouraging Employee Contributions: Providing a platform for MoD employees to share literary and analytical pieces
• Digital Accessibility: Making the magazine available online for wider reach under the Digital India initiative

Important Terms Explained:

• Sashakt Bharat: A bi-annual Hindi magazine by the Ministry of Defence that promotes Hindi in administration and showcases defence-related insights
• Ministry of Defence (MoD): The government body responsible for national security and the Indian Armed Forces
• Digital India Initiative: A government program aimed at transforming India into a digitally empowered society

Tabular Summary:

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Appointments – Daily Current Affairs February 28

10. Who has been appointed as the 11th Chairperson of SEBI for a three-year term?
A) Madhabi Puri Buch
B) TV Somanathan
C) Tuhin Kanta Pandey
D) Subhash Chandra Garg
E) Ajay Tyagi
Answer: C) Tuhin Kanta Pandey

Event and Location:

• Event: Tuhin Kanta Pandey Appointed as 11th SEBI Chairperson
• Date: February 27, 2025
• Location: India

Mandates and Objectives:

• Regulation of Capital Markets: Ensuring fair trading practices and market transparency
• Investor Protection: Implementing policies to safeguard retail and institutional investors
• Corporate Governance: Strengthening compliance and governance standards for publicly traded companies
• Market Oversight: Monitoring stock exchanges, mutual funds, and financial intermediaries
• Foreign and Domestic Investments: Implementing reforms to attract global and local investors
• Financial Stability: Addressing stock market volatility and strengthening regulatory frameworks

Important Terms Explained:

• Securities and Exchange Board of India (SEBI): SEBI is India’s stock market regulatory authority, established in 1988 and granted statutory powers in 1992
• Foreign Portfolio Investors (FPIs) & Foreign Institutional Investors (FIIs): FPIs and FIIs invest in Indian markets, and in 2025, FPIs withdrew ₹1.13 lakh crore, causing a bearish market trend
• Disinvestment & Strategic Sales: As the Head of DIPAM, Tuhin Kanta Pandey led the privatization of Air India and the LIC IPO, India’s largest public offering

Tabular Summary:

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11. Who has been appointed as the Deputy CEO of SBI Life Insurance effective February 24, 2025?
A) Dinesh Kumar Khara
B) Dorababu Daparti
C) Prashant Kumar
D) Rajnish Kumar
E) Tapan Singhel
Answer: B) Dorababu Daparti

Event and Location:

• Event: SBI Life Appoints Dorababu Daparti as Deputy CEO
• Date: February 24, 2025
• Location: India

Mandates and Objectives:

• Leadership Strengthening: Enhancing SBI Life’s leadership with an experienced financial professional
• Board Approval: Appointment approved based on the Nomination and Remuneration Committee’s recommendation
• Financial Sector Expertise: Leveraging 29+ years of experience in banking and financial services
• Strategic Role: Supporting SBI Life’s growth in life insurance, group insurance, annuities, and ULIPs

Important Terms Explained:

• Deputy CEO: A senior executive responsible for assisting the CEO in strategic and operational leadership
• Nomination and Remuneration Committee: A board committee responsible for appointing and evaluating senior executives
• Chartered Associate of the Indian Institute of Bankers (CAIIB): A professional certification for banking professionals in India
• ULIP (Unit-Linked Insurance Plan): A life insurance product offering investment benefits along with coverage

Tabular Summary:

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Awards – Daily Current Affairs February 28

12. Which organization organized the Prani Mitra and Jeev Daya Award Ceremony 2025?
A) National Biodiversity Authority
B) Central Zoo Authority
C) Animal Welfare Board of India (AWBI)
D) Ministry of Environment, Forest, and Climate Change
E) Indian Veterinary Research Institute
Answer: C) Animal Welfare Board of India (AWBI)

Event and Location:

• Event: Prani Mitra and Jeev Daya Award Ceremony 2025
• Date: February 27, 2025
• Location: Vigyan Bhawan, New Delhi

Mandates and Objectives:

• Recognition of Animal Welfare Efforts: Honoring individuals and organizations for contributions to animal protection
• Promoting Legal Awareness: Launching books to strengthen animal welfare laws and regulations
• Encouraging Ethical Treatment: Advocating compassionate treatment and responsible ownership of animals
• Supporting Government Policies: Aligning with Prevention of Cruelty to Animals (PCA) Act, 1960

Important Terms Explained:

• Animal Welfare Board of India (AWBI): A statutory body under the Department of Animal Husbandry and Dairying, responsible for animal welfare regulation
• Prevention of Cruelty to Animals (PCA) Act, 1960: A law that prohibits unnecessary suffering and cruelty towards animals in India
• Animal Birth Control (ABC) Program: A government initiative aimed at managing the street dog population and preventing rabies
• Prani Mitra Award: Introduced in 1966 to honor individuals and organizations for excellence in animal welfare
• Jeev Daya Award: Established in 2001 to recognize compassionate individuals and institutions working in animal protection

Tabular Summary:

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Science and Technology – Daily Current Affairs February 28

13. Which satellite was launched by NASA to map lunar water?
A) Chandrayaan-3
B) Lunar Trailblazer
C) Artemis-1
D) Lunar Reconnaissance Orbiter
E) Voyager 2
Answer: B) Lunar Trailblazer

Event and Location:

• Event: NASA’s Lunar Trailblazer Launched to Map the Moon’s Water
• Date: February 26, 2025
• Location: Moon’s South Pole (Target Orbit)

Mandates and Objectives:

• Lunar Water Mapping: Investigating the presence, distribution, and form of water on the Moon
• Understanding Water Cycles: Studying how lunar water varies with time and temperature
• Supporting Future Missions: Providing crucial data for astronaut missions and resource utilization
• Identifying Ice Deposits: Exploring permanently shadowed regions for potential frozen water
• Low-Cost, High-Risk Research: Conducting planetary science under NASA’s SIMPLEx (Small Innovative Missions for Planetary Exploration) program

Important Terms Explained:

• Lunar Trailblazer: A small satellite developed by NASA to map lunar water for future space exploration
• HVM3 (High-resolution Volatiles and Minerals Moon Mapper): NASA JPL’s instrument for detecting spectral fingerprints of water and minerals
• LTM (Lunar Thermal Mapper): A thermal mapping instrument developed by the University of Oxford, funded by the UK Space Agency
• SIMPLEx Program: A NASA initiative for low-cost, high-risk planetary exploration missions
• Permanently Shadowed Regions (PSRs): Areas on the Moon’s poles that never receive direct sunlight, making them potential sites for water ice deposits

Tabular Summary:

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National Affairs – Daily Current Affairs February 28

14. Where was the second UDAN Yatri Cafe inaugurated by Union Minister Shri Ram Mohan Naidu?
A) Kempegowda International Airport, Bengaluru
B) Indira Gandhi International Airport, Delhi
C) Chennai International Airport
D) Chhatrapati Shivaji Maharaj International Airport, Mumbai
E) Rajiv Gandhi International Airport, Hyderabad
Answer: C) Chennai International Airport

Event and Location:

• Event: UDAN Yatri Cafe Inaugurated at Chennai Airport
• Date: February 28, 2025
• Location: Chennai International Airport, Tamil Nadu

Mandates and Objectives:

• Enhancing Passenger Convenience: Providing affordable, high-quality food services at major airports
• Expansion of UDAN Initiative: Extending the success of the first UDAN Yatri Cafe from Kolkata to Chennai
• Boosting Air Travel Accessibility: Aligning with the UDAN scheme’s vision of making air travel affordable
• Upgrading Airport Infrastructure: Announcing key developments, including terminal expansions and traffic management
• Sustainability Efforts: Reinforcing Chennai Airport’s commitment to green energy and environmental conservation

Important Terms Explained:

• UDAN (Ude Desh Ka Aam Nagrik) Scheme: A government initiative launched in 2016 to improve regional air connectivity and make air travel affordable for all
• UDAN Yatri Cafe: A passenger convenience initiative under the UDAN scheme, offering budget-friendly food services at airports
• Airports Authority of India (AAI): The statutory body responsible for managing airports and civil aviation infrastructure in India
• Green Energy Commitment: Chennai Airport’s initiative to operate entirely on renewable energy, including a 1.5 MW solar power plant

Tabular Summary:

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15. What was the theme of the Bharat Calling Conference 2025 inaugurated by Union Minister Piyush Goyal?
A) Digital India: A Path to Growth
B) Roadmap to Economic Expansion
C) Path to Viksit Bharat 2047: Pioneering Prosperity for All
D) Strengthening India’s Global Trade Network
E) Transforming India’s MSME Sector
Answer: C) Path to Viksit Bharat 2047: Pioneering Prosperity for All

Event and Location:

• Event: Bharat Calling Conference 2025 Inaugurated in Mumbai
• Date: February 28, 2025
• Location: Mumbai, Maharashtra

Mandates and Objectives:

• Economic Growth Strategy: Positioning India as a leading investment destination by 2047
• Quality Enhancement: Strengthening manufacturing standards through over 700 quality control orders
• Sustainable Development: Encouraging energy efficiency and eco-friendly business practices
• Inclusive Growth: Bridging socio-economic gaps through CSR initiatives and infrastructure development
• Skill Development: Establishing specialized training centers to enhance workforce capabilities
• Global Competitiveness: Encouraging industries to focus on innovation, efficiency, and self-reliance

Important Terms Explained:

• Viksit Bharat 2047: A long-term vision to transform India into a fully developed nation by 2047
• IMC Chamber of Commerce and Industry: A leading trade association that promotes business growth in India
• Quality Control Orders (QCOs): Government-mandated regulations to standardize product quality and enhance global trade competitiveness
• Corporate Social Responsibility (CSR): Business initiatives aimed at community development and social welfare
• Skill Development Centers: Training institutes designed to equip workers with industry-relevant expertise

Tabular Summary:

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16. Which ministry launched the Aadhaar Good Governance Portal to enhance ease of living and service accessibility?
A) Ministry of Finance
B) Ministry of Electronics and Information Technology (MeitY)
C) Ministry of Home Affairs
D) Ministry of Communications
E) Ministry of Social Justice and Empowerment
Answer: B) Ministry of Electronics and Information Technology (MeitY)

Event and Location:

• Event: Aadhaar Good Governance Portal Launched
• Date: February 28, 2025
• Location: India

Mandates and Objectives:

• Enhancing Service Accessibility: Streamlining the Aadhaar authentication approval process for seamless service delivery
• Legal Framework: Implemented under the Aadhaar Authentication for Good Governance (Social Welfare, Innovation, Knowledge) Amendment Rules, 2025
• Digital Transformation: Strengthening Aadhaar’s role in public and private sector governance
• User Convenience: Providing a user-friendly portal to ensure a simplified authentication process
• Transparency and Efficiency: Ensuring real-time tracking, compliance assistance, and public consultation before implementation

Important Terms Explained:

• Aadhaar Authentication: The process of verifying an individual’s Aadhaar details for accessing various services
• MeitY (Ministry of Electronics and Information Technology): The government body responsible for India’s digital governance policies
• UIDAI (Unique Identification Authority of India): The statutory authority managing Aadhaar services and authentication frameworks
• e-KYC (Electronic Know Your Customer): A digital verification process using Aadhaar to authenticate users for financial and governmental services

Tabular Summary:

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17. Which initiative was launched by Sarbananda Sonowal to standardize port operations across India?
A) Bharat Global Ports Consortium
B) Sagar Ankalan
C) One Nation-One Port Process (ONOP)
D) MAITRI App
E) India Maritime Week
Answer: C) One Nation-One Port Process (ONOP)

Event and Location:

• Event: India’s Maritime Sector Set for Transformation – Key Initiatives Launched by Sarbananda Sonowal
• Date: February 28, 2025
• Location: Mumbai, Maharashtra

Mandates and Objectives:

• Modernizing India’s Maritime Sector: Enhancing port infrastructure, efficiency, and global competitiveness
• Standardizing Port Operations: Implementing One Nation-One Port Process (ONOP) to streamline workflows and cut logistics costs
• Benchmarking Port Performance: Launching Sagar Ankalan with the Logistics Port Performance Index (LPPI) 2023-24
• Expanding Maritime Trade: Establishing the Bharat Global Ports Consortium for infrastructure investment and export growth
• Digitizing Trade Processes: Introducing the MAITRI App with AI & blockchain for faster cross-border trade
• Global Maritime Leadership: Announcing India Maritime Week 2025 to position India as a key player in maritime policy

Important Terms Explained:

• One Nation-One Port Process (ONOP): A national framework for standardizing and streamlining port operations to enhance efficiency
• Sagar Ankalan: A project that introduces the Logistics Port Performance Index (LPPI) to track and improve port performance
• Bharat Global Ports Consortium: A public-private partnership aimed at expanding India’s maritime trade and infrastructure
• MAITRI App (Master Application for International Trade and Regulatory Interface): A digital platform leveraging AI and blockchain for seamless trade processing
• Virtual Trade Corridor (VTC): A digital framework initially connecting India and UAE, with plans to expand to BIMSTEC and ASEAN countries

Tabular Summary:

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18. Where will the decommissioned naval warship INS Guldar be sunk to boost scuba tourism?
A) Lakshadweep Islands
B) Andaman & Nicobar Islands
C) Nivati Rocks, Sindhudurg
D) Pamban Island, Tamil Nadu
E) Gulf of Kutch, Gujarat
Answer: C) Nivati Rocks, Sindhudurg

Event and Location:

• Event: INS Guldar to Be Sunk Off Sindhudurg for Scuba Tourism Boost
• Date: February 28, 2025
• Location: Nivati Rocks, Sindhudurg, Maharashtra

Mandates and Objectives:

• Promoting Scuba Tourism: Creating India’s first artificial reef to attract adventure tourism
• Boosting Marine Biodiversity: Providing a habitat for marine species and restoring ecosystems
• Economic Growth & Employment: Generating tourism revenue and creating jobs for scuba instructors, tour operators, and ex-naval personnel
• Ensuring Environmental Safety: Removing pollutants like hydraulic oils, asbestos, and hazardous materials before sinking
• Following Global Best Practices: Inspired by artificial reef projects like USS Spiegel Grove (USA) and Thai Royal Navy Ships (Thailand)

Important Terms Explained:

• INS Guldar: A Kumbhir-class landing ship, commissioned in 1985 and decommissioned in January 2024
• Artificial Reef: A submerged structure that supports marine biodiversity and attracts divers
• Scuba Diving Tourism: Adventure tourism sector where divers explore underwater ecosystems and wreck sites
• Decontamination Process: Removing engine oils, asbestos, and hazardous substances before submersion to protect marine life
• Maharashtra Tourism Development Corporation (MTDC): The state agency responsible for developing tourism infrastructure

Tabular Summary:

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Over All Review

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