Daily Current Affairs February 29

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 29. 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 29| Daily Current Affairs 2024

Banking and Finance – Daily Current Affairs February 29

1. How much capital has Punjab & Sind Bank’s Board approved raising?
A) Rs 500 crore
B) Rs 1,000 crore
C) Rs 1,500 crore
D) Rs 2,000 crore
E) Rs 2,500 crore
Answer: D) Rs 2,000 crore

• The Board of Punjab & Sind Bank, a public sector bank, has approved capital raising of up to Rs 2,000 crore to fund business growth.
• The capital mop-up will be done in one or more tranches within a period of 12 months.
• capital mop-up could happen through Bonds in the form of Basel III-compliant Additional Tier I Bonds / Basel III-compliant Tier II Bonds

2. What is the starting fixed monthly interest rate offered by Kotak Mahindra Bank for the Smart Choice Gold Loan?
A) 0.88%
B) 1.00%
C) 1.25%
D) 1.50%
E) 2.00%
Answer: A) 0.88%

• Kotak Mahindra Bank has launched the ‘Smart Choice’ gold loan, under which it is offering same-day loan disbursements at a fixed monthly interest rate starting from 0.88 per cent with no processing fees, foreclosure options and minimal documentation for disbursements of up to Rs 25 lakh.

Science and Technology – Daily Current Affairs February 29

3. What is the approximate value of the order secured by Garuda Aerospace?
A) Rs 5 crore
B) Rs 10 crore
C) Rs 15 crore
D) Rs 20 crore
E) Rs 25 crore
Answer: D) Rs 20 crore

• Chennai-based drone company Garuda Aerospace has secured an order of a total of 500 Garuda Kisan Drones valued at around Rs 20 crore from ten leading fertiliser companies under the NaMo Drone Didi scheme.
• The order secured was from National Fertilizers Limited, Rashtriya Chemicals and Fertilizers, The Fertilisers and Chemicals Travancore, Hindustan Urvarak & Rasayan Limited, KRIBHCO Fertilizers, Gujarat State Fertilizers & Chemicals, Brahmaputra Valley Fertilizer Corporation, Matix Fertilizers & Chemicals, Paradeep Phosphates and Mangalore Chemicals and Fertilizers.
• The drones are given to self-help groups under NaMo Drone Didi Initiative for spraying of fertilisers and pesticides.

Garuda Kisan Drones:

• The drones also reduce the use of water and are equipped to cover large farming areas in a relatively shorter time.
• Garuda Kisan Drones can help increase crop yield by 60 per cent and reduce loss of crop by 20 per cent.
• Announced in December 2023, the NAMO Drone Didi scheme helps women become integral stakeholders of their local farming supply chains and rural prosperity.
• Garuda Aerospace has successfully trained over 185 rural women under this scheme since its launch.

National Affairs – Daily Current Affairs February 29

4. Who will preside over the first Pey Jal Survekshan Awards event?
A) Prime Minister Narendra Modi
B) Smt. Droupadi Murmu, President of India
C) Shri Hardeep Singh Puri, Minister of Housing & Urban Affairs
D) Shri Narendra Singh Tomar, Minister of Rural Development
E) Shri Rajnath Singh, Minister of Defence
Answer: B) Smt. Droupadi Murmu, President of India

• The Ministry of Housing & Urban Affairs announces the first Pey Jal Survekshan Awards scheduled for the 5th of March 2024 at Vigyan Bhawan.
• Smt. Droupadi Murmu, the President of India, will preside over the event, where cities and states will be honored for their excellence in the water sector.
• These accolades span various categories, from the prestigious Pey Jal Gold, Silver, and Bronze City Awards, where Gold signifies top performers (1st) in their respective population categories (1 to 10 Lakh, 10 to 40 Lakh, and More than 40 Lakh), Silver denotes the 2nd position, and Bronze the 3rd.
• The awards extend to commendations for Best Water Body, Sustainability Champion, Reuse Champion, Water Quality, City Saturation, and the coveted AMRUT 2.0 Rotating Trophy of the Year.
• The meticulous evaluation, carried out under AMRUT 2.0 in 485 cities, encompassed diverse parameters, including access, coverage, water quality at treatment plants and households, and sustainability regarding the health of water bodies, availability of SCADA/ flowmeters, and reuse of treated used water.

5. Which ministries are involved in signing the Memorandum of Understanding (MoU) on the establishment of an Academic Collaboration in Ayurveda and Thai Traditional Medicine?
A) Ministry of Ayush (India) and Ministry of Public Health (Thailand)
B) Ministry of Health and Family Welfare (India) and Ministry of Health (Thailand)
C) Ministry of External Affairs (India) and Ministry of Foreign Affairs (Thailand)
D) Ministry of Education (India) and Ministry of Education (Thailand)
E) Ministry of Science and Technology (India) and Ministry of Science and Technology (Thailand)
Answer: A) Ministry of Ayush (India) and Ministry of Public Health (Thailand)

• The National Institute of Ayurveda, Jaipur under the Ministry of Ayush of the Government of India and Department of Thai Traditional and Alternative Medicine of the Ministry of Public Health of the Government of the Kingdom of Thailand signed a Memorandum of Understanding(MoU) on the establishment of an Academic Collaboration in Ayurveda and Thai Traditional Medicine in New Delhi, India at 10th India-Thailand Joint Commission Meeting.
• This MoU will facilitate the exchange of experts for research and training programs, academic and technical activities, and conducting research, exchange of information, technologies, and best practices of Traditional Medicine.

6. How many technical education institutions signed the agreement with the Jal Shakthi Ministry for academic and research collaboration towards basin management of 6 rivers?
A) 6
B) 8
C) 10
D) 12
E) 15
Answer: D) 12

• Jal Shakthi Ministry signed the agreement between 12 technical education institutions for academic and research collaboration towards basin management of 6 rivers.
• This agreement has been made between Ministry of Jal Shakti and academic institutions under the National River Conservation Plan.
• Through this project, the responsibility of research, monitoring and gathering technical knowledge required for the condition assessment and management plan in basin management of Mahanadi, Godavari, Krishna, Cauveri, Narmada and Periyar has been given to 12 institutions (different IIT, NIT and NEERI).

The following institutions got the responsibility:

• Narmada Basin Management — IIT Indore and IIT Gandhinagar
• Godavari Basin Management — IIT Hyderabad and NEERI Nagpur
• Mahanadi Basin Management — IIT Raipur and IIT Rourkela
• Krishna Basin Management — NIT Warangal and NIT Surathkal
• Cauvery Basin Management — IISc Bangalore and NIT Trichy
• Periyar Basin Management — IIT Palakkad and NIT Calicut

Keyperson:

• Ms. Debashree Mukherjee, secretary of Ministry of Jal Shakti
• Sri G. Ashok Kumar, Director General of National Mission for Clean Ganga.
• Dr. Vinod Tare, founder director of CGanga

7. Who co-chaired the India-Germany High Defence Committee (HDC) meeting in Berlin?
A) Defence Minister Rajnath Singh
B) Foreign Minister S. Jaishankar
C) Defence Secretary Shri Giridhar Aramane
D) Prime Minister Narendra Modi
E) State Secretary, German Ministry of Defence Mr Benedikt Zimmer
Answer: C) Defence Secretary Shri Giridhar Aramane

• Defence Secretary Shri Giridhar Aramane co-chaired the India-Germany High Defence Committee (HDC) meeting in Berlin with the State Secretary, German Ministry of Defence Mr Benedikt Zimmer.
• Both sides discussed a range of bilateral security and defence issues, with a focus on developing the defence cooperation as a key pillar of the Strategic Partnership between India and Germany.

8. What is the full form of ‘LSAM’ in ‘LSAM 18’?
A) Logistics Support and Maintenance
B) Landing Ship Assault Mechanism
C) Landing Ship Advanced Model
D) Logistics and Supply Ammunition Model
E) Light Speed Assault Module
Answer: B) Landing Ship Assault Mechanism

• The launch of ‘Ammunition Cum Torpedo Cum Missile Barge, LSAM 18’, 4th Barge of 11 x ACTCM Barge Project, built by MSME Shipyard, M/s Suryadipta Projects Pvt Ltd, Thane for Indian Navy, was undertaken on 28 Feb 24.
• The launching Ceremony was presided over by Cmde Shirish Dube, Directorate of Ship Production.
• The contract for building 11 X ACTCM Barge was signed between MoD and M/s Suryadipta Projects Pvt Ltd, Thane on 05 Mar 21.
• These Barges are indigenously designed and built under relevant Naval Rules and Regulation of Indian Register of Shipping.
• The model testing of the Barge during design stage was undertaken at Naval Science and Technological Laboratory, Visakhapatnam.

9. Where is the planned location for the ammonium nitrate plant to be set up?
A) Lakhanpur, Jharkhand
B) Lakhanpur, Madhya Pradesh
C) Lakhanpur, Chhattisgarh
D) Lakhanpur, Odisha
E) Lakhanpur, Uttar Pradesh
Answer: D) Lakhanpur, Odisha

• Coal India Limited (CIL) and Bharat Heavy Electricals Limited (BHEL)formally signed a joint venture agreement (JVA) in Delhi for setting up an ammonium nitrate plant through surface coal gasification (SCG) technology route.
• The plant to come up in Lakhanpur area of Mahanadi Coalfields Limited, Odisha is planned to produce 2000 tons of ammonium nitrate per day initially.
• The annual production is slated at 6.60 Lakh tons which requires 1.3 million tonnes (mts) of coal.
• The coal will be supplied by CIL.
• BHEL would bring to the table indigenously developed pressurized fluidized bed gasification (PFBG) technology for this purpose.

10. How much investment is involved in the world’s largest grain storage plan launched by Prime Minister Narendra Modi?
A) Over Rs 1.25 crore
B) Over Rs 1.25 lakh crore
C) Over Rs 1.25 billion
D) Over Rs 1.25 trillion
E) Over Rs 1.25 million
Answer: B) Over Rs 1.25 lakh crore

• Prime Minister Narendra Modi launched the world’s largest grain storage plan in the cooperative sector, entailing an investment of over Rs 1.25 lakh crore, with the inauguration of 11 godowns in primary agricultural credit societies (PACS) in as many states.
• Under the programme, 700 lakh tonne of storage capacity will be created over the next five years in the cooperative sector by constructing thousands of godowns and warehouses.
• He also laid the foundation for creating godowns and other agri infrastructure in 500 more PACS.
• In the next five years, the target is to set up 2 lakh PACS and the maximum will be in the fishery and allied farm sectors.

11. What type of missile is the Very Short-Range Air Defence System (VSHORADS)?
A) Surface-to-Air Missile (SAM)
B) Air-to-Air Missile (AAM)
C) Ballistic Missile (BM)
D) Cruise Missile (CM)
E) Man Portable Air Defence System (MANPAD)
Answer: E) Man Portable Air Defence System (MANPAD)

• DRDO conducted two successful flight tests of Very Short-Range Air Defence System (VSHORADS) missile from a ground based portable launcher off the coast of Odisha from Integrated Test Range, Chandipur.
• VSHORADS is a Man Portable Air Defence System (MANPAD) designed and developed indigenously by Research Centre Imarat (RCI) in collaboration with other DRDO laboratories and Indian Industry Partners.

12. How many railway stations across the country have been certified as Eat Right Stations until now?
A) 50
B) 75
C) 100
D) 125
E) 150
Answer: E) 150

• The Food Safety and Standards Authority of India (FSSAI)’s Eat Right Station initiative is making significant strides in ensuring access to safe and healthy food within these bustling hubs.
• Till date 150 railway stations across the country have been certified as Eat Right Stations.
• Some of the prominent stations that have been certified as “Eat Right stations” are the railway stations in New Delhi, Varanasi, Kolkata, Ujjain, Ayodhya Cantt, Hyderabad, Chandigarh, Kozhikode, Guwahati, Visakhapatnam, Bhubaneswar, Vadodra, Mysuru City, Bhopal, Igatpuri, Delhi’s Anand Vihar Terminal and Chennai’s Puratchi Thalaivar Dr. M.G. Ramachandran Central Railway Station, among many others from different states.
• Six pioneering metro stations across the country have also joined the effort and have been accredited as Eat Right Stations.
• Among these are Metro Stations at Noida Sector 51, Esplanade (Kolkata), IIT Kanpur, Botanical Garden (Noida) and Noida Electronic City Metro Station.

Over All Review

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