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Current Affairs viable of 28 February 2023

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Daily GK Current Affairs News is viable on 28 February 2023. – Here are the Regular current affairs viable of 28 February 2023 covering the following news headlines: Sant Sevalal Maharaj, Britain, EU agreement, IMF Bailout, Japan to invest ₹7,200 crores, Compressed biogas plant.

Daily Current Affairs updates are incorporated with the critical news that made the current affairs headlines for competitive exams. Daily Current Affairs Update is the complete box of important information held all day. One should have complete knowledge of banking terms, current affairs news, etc.

So, here is the GK update of 28 February 2023 to help you prepare the Current affairs part. After reading this section, you can successfully attempt the current affairs quiz.

Here current affairs have been categorized which is as follows

  • International News
  • National News
  • State News
  • Business News
  • Banking News
  • Sports News
  • Awards News
  • Important Days
  • Miscellaneous News

International News

  1. Pakistan Govt raises policy interest rate by 200 bps for IMF Bailout
  • Amid a severe economic crisis, the government of Pakistan has decided to raise the policy rate to 19 percent or 200 basis points, which would be an increase of 2 percent. At present, it is 17 percent.
  • The increase is based on the rates set by the government in auctions to increase household credit. This would raise the interest rate to 19%, just below the previous record of 19.5% set in October 1996.
  • With the new decision, the Pakistani government has accepted another precondition of the IMF to release USD 1.1 billion in critical funding, which is a part of the USD 6.5 billion bailout package.
  1. Britain, EU reach agreement on Northern Ireland post-Brexit trade
  • Britain and the European Union(EU) agreed on a new trading arrangement for Northern Ireland, a move aimed at ending years of friction caused by Brexit and allowing greater cooperation between both sides at a time of mounting geopolitical risk to Europe from Russia’s war in Ukraine.
  • The U.K. Prime Minister Rishi Sunak and European Commission President Ursula von der Leyen meet in Windsor, near the royal castle here, to shake hands on a new agreement that allows British goods destined for Northern Ireland to enter without customs checks, while creating a separate process for goods going to Ireland through the province.
  • The deal also gives the Northern Ireland Assembly the power to ask the U.K. government to veto new EU regulations or laws that would apply to the province.

National News

  1. 284th Sant Sevalal Maharaj’s birth anniversary
  • Sant Sewalal Maharaj, a spiritual and religious figure of the Banjara community, was born 284 years ago on February 26, marking the beginning of a year-long remembrance.
  • Union Home Minister Amit Shah and Union Minister of State for External Affairs Meenakshi Lekhi led the celebration in New Delhi.
  • Sant Sewalal Maharaj was born on February 15, 1739, at Surgodankoppa in the Shivamogga region of Karnataka.
  • He is regarded as a social reformer and spiritual guide by the Banjara community.
  • Every Banjara family holds Sant Sewalal Maharaj in high esteem, and in all these states, his birthday is celebrated with great fanfare in February.
State News

  1. Assam CM unveiled North East’s 1st compressed biogas plant
  • The foundation stone laying ceremony of the Compressed Biogas Plant project for the first time in Northeast India was held at Domora Pathar, Sonapur under Kamrup (Metropolitan) district, and the chief guest was Chief Minister Himanta Biswa Sarma.
  • The plant, being built by businessmen Pankaj Gogoi and Rakesh Dole under the name of Redlemon Technologies, will start functioning in November 2023 and will have a production capacity of 5 tonnes per day for compressed biogas from raw materials such as municipal solid waste. and cattle manure.
  • The Sonapur Compressed Biogas Plant will contribute significantly to the goal of the Government of Assam to make a gradual transition towards clean and green energy.
  1. Kerala temple becomes India’s first to induct a robotic elephant for ritual duties
  • Irinjadappilly Sree Krishna Temple in Kerala’s Thrissur district has become the first temple in the country to use a mechanical, live elephant for temple rituals.
  • The temple priests made a ‘nadairuthal’ or ceremonial offering to the deity of Irinjadappilly Raman, a magnificent, lifelike mechanical or “robotic” elephant. Irinjadappilly Raman has been gifted to the temple by the animal rights organization People for the Ethical Treatment of Animals (PETA) India, in collaboration with award-winning Indian film actor Parvathy Thiruvothu.
  • ‘Irinjadappilly Raman’ will help conduct temple ceremonies in a safe and cruelty-free manner and thus support the rehabilitation of genuine elephants and life in the wild, ending the horrors of captivity for them.
  1. Japan to invest ₹7,200 crores in Uttar Pradesh, HMI Group is developing 30 hotels in the state
  • Japan’s eminent hospitality group Hotel Management International Company Limited (HMI) will be opening 30 new properties across Uttar Pradesh.
  • The company has signed an MoU with the UP government to invest Rs 7200 crore at the UP Global Investors Summit.
  • Addressing a session on Japan as a partner to UP’s growth, Takamoto Yokoyama, Director, Public Relations, HMI Group, which operates more than 60 hotels in major cities of Japan, said that  “After the development of Shrikashi Vishwanath Dham Corridor in Varanasi, a large number of tourists are coming here. This is a favorable opportunity for us to invest in this state as the hospitality industry is growing big.

Business News

  1. Air India’s order for 470 jets at a list price of $70 bn
  • Tata Group-owned Air India will order a record 470 planes from Airbus and Boeing Co at a list price of $70 billion, Chief Executive Campbell Wilson said, as the airline looks for opportunities for long-haul international expansion.
  • Air India, earlier this month, announced tentative deals for 220 aircraft from Boeing and 250 from Airbus, which would eclipse the previous record by a single carrier.
  • The airline plans to fund the order with a combination of resources including internal cash flow, shareholder equity, and aircraft sales and leasebacks, Wilson told reporters at a news conference.

Banking News

  1. RBL Bank signs an agreement with Exim Bank for trade finance
  • RBL Bank, the private lender said that it has reached an agreement with the Export-Import Bank of India (India Exim Bank) under the Trade Assistance Programme (TAP) in order to facilitate cross-border commercial operations.
  • Export-Import Bank of India (India Exim Banktrade’s) assistance program for cross-border transactions intends to facilitate India’s exports globally by providing credit enhancement to trade instruments.
  • India Exim Bank will open new trade channels with the participating foreign banks and institutions in emerging countries through the program.
  • The TAP’s credit upgrades for trade instruments will encourage the mobilization of trade financing and strengthen aid to Indian exporters.

Sports News

  1. Lionel Messi scores 700th career club goal
  • All-time great Lionel Messi scored his 700th career club goal in Paris Saint-Germain’s 3-0 win over Marseille.
  • With the goal, Messi became just the second player in history to score 700 career club goals, according to IFFHS (International Federation of Football History and Statistics).
  • The other player to do so is Messi’s long-time rival Cristiano Ronaldo. Meanwhile, Messi’s rival Ronaldo has scored 709 goals at the club level in all competitions, including his hat-trick for Al-Nassr in a Saudi Pro League match against Damac.
  1. FIFA awards 2022: Lionel Messi wins ‘Best FIFA player of 2022’
  • Argentina’s Lionel Messi has bagged the Best FIFA men’s player prize for 2022.
  • Messi outclassed his Paris Saint Germain (PSG) teammate Kylian Mbappe and Real Madrid captain Karim Benzema to lift the famous trophy at Salle Pleyel in Paris.
  • In the FIFA Awards vote, Messi had 52 points, Mbappé 44, and Benzema 34. It is the second time that Messi has won the honor inaugurated by FIFA in 2016.
  • Messi was named the winner of the Best FIFA Men’s Player award for his outstanding performances in men’s football from the period of 8 August 2021 to 18 December 2022. Equalling Cristiano Ronaldo and Robert Lewandowski’s massive feat at the FIFA awards.

Awards News

  1. J&K won the best adventure tourism destination award
  • India Today Tourism Survey has selected Jammu and Kashmir tourism for the Best Adventure Tourism Award. Union Minister of State for Culture and Parliamentary Affairs Arjun Ram Meghwal presented the awards in New Delhi.
  • The Jammu and Kashmir Tourism Department has been conferred with the award for its efforts in promoting ‘Gulmarg’ as an adventure destination of international repute.
  • The award was received by Deputy Director, of Tourism, Ilyas Ahmed on behalf of the department.

Important Days

  1. National Science Day 2023 celebrated on 28th February
  • Every year on 28th February, National Science Day Chandrasekhara Venkata Raman is honored by C.V. Raman, an Indian scientist, and physician, for his discovery of the “Raman Effect”.
  • Every year, it is celebrated to honor the value of science and remind us of its impact on the lives of mankind. In honor of India’s G20 leadership, the theme for this year’s event is “Global Science for Global Well-Being”.
  • Notably: In 1986, the Government of India under then Prime Minister Rajiv Gandhi designated 28 February as National Science Day to commemorate the announcement of the discovery of the “Raman Effect”.

Miscellaneous News

  1. Supreme Court on Menstrual leave and its global standing
  • The Supreme Court of India declined to entertain a PIL requesting menstrual leave for workers and students across the country, citing the issue as a policy one.
  • It was emphasized that there were various “dimensions” of menstrual pain leave and that despite the fact that menstruation was a biological phenomenon, such leave could discourage businesses from hiring female employees.
  • Only a few countries, mostly in Asia, allow women experiencing painful periods to take time off from work to recover.

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