Current Affairs - February 23, 2024 Current Affairs

The Tamil Nadu government banned cotton candy due to the presence of Rhodamine-B, a chemical harmful to health. Rhodamine-B poses significant health risks, including cancer and tumours, especially when mixed with food products like cotton candy.

India's mineral production experienced a notable increase of 5.1% in December 2023 compared to the same period in 2022, according to data from the Ministry of Mines. This indicates positive growth trends in the mining sector during that period.

CleanMax, a renewable power solutions provider, has forged a long-term partnership with Bangalore International Airport Limited (BIAL) to promote sustainable energy practices. This agreement signifies a commitment to renewable energy adoption and underscores efforts to foster environmental sustainability.

In 2023, India's remarkable performance propelled it past China to become HSBC's third-largest profit hub. With profits soaring by 25% to $1.5 billion, India's burgeoning market showcased its significance in HSBC's global operations, reflecting the country's economic growth and banking sector resilience.

The 16th edition of the trilateral Exercise 'Dosti-16' was held in the Maldives. This exercise, involving India, Maldives, and Sri Lanka, underscores the significance of maritime cooperation in the region. Bangladesh participated as an observer, reflecting the expanding scope of regional collaboration in addressing common security challenges.

IIT Guwahati, in collaboration with EduRade, inaugurated India's largest Remote Pilot Training Organization (RPTO) aimed at flying 9 medium-class drones simultaneously. This initiative supports the advancement of drone technology in line with PM Modi's vision to establish India as a global drone hub by 2030.

The 8th Asia Economic Dialogue will be held in Pune from February 29 to March 2. Organized jointly by the Ministry of External Affairs and Pune International Centre, this annual conference focuses on addressing geo-economic challenges under the theme 'Geo-economic Challenges in an Era of Flux'.

The Supreme Court invoked Article 142 to overturn the Chandigarh mayoral election results, aiming to ensure justice and maintain the integrity of the electoral process. Article 142 empowers the Supreme Court to pass necessary decrees or orders for complete justice in pending cases.

The Cabinet Committee on Security approved deals worth Rs 13,000 crore for high-power radars and close-in weapon systems, to be acquired from L&T, an Indian manufacturer. This decision aligns with the government's emphasis on indigenous defence production and self-reliance in defence procurement.

The 6th Regional Dialogue of Secretaries of Security Councils/National Security Advisers (NSA) on Afghanistan took place in Bishkek, Kyrgyzstan. This dialogue, involving various countries including India, aims to address security challenges and promote stability in Afghanistan and the wider region.

The Asian Development Bank (ADB) has allocated a $23 million loan to foster fintech education, research, and innovation within Gujarat's GIFT. This funding is designated to bolster the development of a comprehensive International Fintech Institute, enhancing the region's capacity in financial technology education and fostering innovation aligned with global standards.

India Ratings predicts a GDP growth rate of 6.5% for the financial year 2024-25, slightly lower than the Reserve Bank of India's estimate of 7%. This forecast suggests a moderation in economic growth compared to previous periods, indicating potential shifts in economic dynamics.

Salil Parekh, the Chief Executive Officer and Managing Director of Infosys, has been appointed to the Board of Directors of the US India Strategic and Partnership Forum (USISPF). This highlights the strengthening relationship between India and the United States, particularly in the technology sector.

IRCTC has partnered with Swiggy, a prominent food delivery platform in India, to provide pre-ordered meal delivery services through its e-catering portal. This collaboration aims to offer passengers more dining options and enhance convenience during train journeys.

The ban on the trade of donkey skin was unanimously agreed upon during the 37th African Union Summit in Ethiopia. This historic decision aims to protect donkeys across the continent and was influenced by the Dar es Salaam declaration, emphasizing the need for conservation efforts and policies.