Current Affairs - February 16, 2024 Current Affairs

Nepal Rastra Bank collaborated with the Reserve Bank of India (RBI) to integrate UPI and NPI, facilitating cross-border remittances between India and Nepal. This agreement aims to streamline fund transfers, enhancing financial connectivity between the two countries.

Significant iron ore deposits were discovered in Rajasthan's Karauli district, near the Hindon River. This find spans approximately 1,888 hectares and is poised to impact the state's industrial landscape, offering potential for industrial development and employment generation.

World Anthropology Day is observed on February 15, 2024, commemorating the study of human behaviour and societies globally. Instituted by the American Anthropological Association, this annual event falls on the third Thursday of February each year, highlighting the importance of anthropology in understanding human evolution and societal dynamics.

Serum Institute Of India (SII) led by Adar Poonawalla, has been named India's most valuable unlisted firm with a valuation of Rs 1.92 lakh crore according to the Burgundy Private Hurun India 500 list. This reflects SII's significant role in healthcare and its economic impact.

The Prime Minister will unveil the 125-foot statue of Bir Lachit Borphukan in Jorhat, Assam. This event honours Bir Lachit, the Commander in Chief of the Ahom Kingdom Army, and signifies the government's commitment to cultural and infrastructural development in the region.

Nikhil Joshi has been appointed as the managing director of Boeing Defence India (BDI). This strategic move aims to strengthen Boeing's operations in India, emphasizing its commitment to advancing India's defence capabilities and modernization efforts.

South Indian Bank was honoured with the Best Technology Bank of the Year Award at the 19th IBA Annual Banking Technology Conference. CEO PR Seshadri received several awards, highlighting the bank's technological advancements and achievements.

The 'Van Mitra' scheme was introduced by the Chief Minister of Haryana, underscoring the state's proactive stance towards engaging local communities in tree-planting endeavours. This underscores Haryana's commitment to environmental conservation and sustainable practices, particularly in bolstering afforestation efforts.

PayU, a fintech giant, has collaborated with NPCI to introduce the innovative 'Credit Lines on UPI' feature for merchants. This integration within the PayU application enhances digital payment acceptance by providing pre-sanctioned credit lines, offering financial flexibility to merchants and consumers alike.

India, represented by Ruchira Kamboj, chaired the 62nd Session of the Commission for Social Development at the United Nations. This highlights India's leadership in addressing global social challenges and its commitment to the objectives of the 2030 Agenda for Sustainable Development.

IIT Jammu, under the leadership of Professor Karan Nathwani, developed the sound-based anti-drone system. This innovative approach offers affordability and user-friendliness, making it a significant advancement in anti-drone technology.

Uber Technologies is in talks with Tata Group to form a strategic alliance, focusing on enhancing traffic volumes and user engagement on Tata's digital platform, Tata Neu. This potential collaboration aims to leverage Uber's expertise in mobility solutions to improve daily user engagement.

Germany has surpassed Japan as the world's third-largest economy due to factors such as the depreciation of the yen and Japan's recession. The yen's significant depreciation against the dollar, coupled with Japan's economic contraction in the fourth quarter, contributed to this shift. Germany's stability and economic growth further solidify its position in global rankings.

Ravichandran Ashwin reached a monumental milestone in cricket by becoming the second Indian bowler to secure 500 wickets in Test matches. This accomplishment highlights his exceptional skill and consistency throughout his career. Achieving this feat during the India vs. England Test match in Rajkot solidifies his place in cricket history.

Tata Steel partnered with IIT Bhubaneswar REP to foster innovation and entrepreneurship. This strategic alliance aims to leverage the strengths of both industry and academia, facilitating mutual growth and development through collaborative research and initiatives.