Current Affairs Feb 25, 2024

Current Affairs Feb 25, 2024

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Current Affairs Feb 25, 2024

National News

Bharat Tex 2024: Showcasing India’s Textile Prowess and Sustainability Leadership

Bharat Tex 2024
Bharat Tex 2024
  • Bharat Tex 2024 is a Global Textile Expo held in New Delhi from 26-29 February 2024.
  • The event aims to showcase India’s textile prowess and sustainability initiatives.
  • Organized by eleven Textile Export Promotion Councils and supported by the Ministry of Textiles, Govt of India.
  • The expo highlights India’s rich heritage and potential in the global textile market.
  • It serves as an opportunity to showcase India’s strength across the entire textile value chain.

Turtle Conservation Reserve Planned in Uttar Pradesh’s Gonda District

Turtle Conservation Reserve Planned in Uttar Pradesh's Gonda District
Turtle Conservation Reserve Planned in Uttar Pradesh’s Gonda District
  • The Forest Department in Uttar Pradesh’s Gonda, in coordination with the Turtle Survival Alliance Foundation India, is establishing a turtle conservation reserve in the Sarju River, a tributary of Ghaghra.
  • Gonda is known for its rich turtle diversity.
  • A detailed proposal has been sent to the state government for approval.
  • The project is based on six years of monitoring and studying turtle species, flora, fauna, and biodiversity.
  • The reserve aims to conserve and protect turtle species and their habitats, thereby promoting biodiversity and ecological balance.
  • It also aims to raise awareness among local communities about the importance of conserving these species and their habitats.

IIT Guwahati & EduRade Launch India’s Largest Remote Pilot Training Organization (RPTO)

IIT Guwahati & EduRade Launch India's Largest Remote Pilot Training Organization (RPTO)
IIT Guwahati & EduRade Launch India’s Largest Remote Pilot Training Organization (RPTO)
  • Indian Institute of Technology Guwahati and EduRade, a brand owned by RC HobbyTech Solutions Pvt. Ltd., have collaborated to launch India’s largest Remote Pilot Training Organisation (RPTO).
  • The RPTO is incubated at IIT Guwahati Research Park.
  • The primary objective is to promote the advancement of drone technology in India.
  • This initiative aims to bridge the gap between industry and academia in the field of drone technology.

Award News

Suresh Wadkar Receives the Gansamragini Lata Mangeshkar Award

suresh Wadkar Receives the Gansamragini Lata Mangeshkar Award
suresh Wadkar Receives the Gansamragini Lata Mangeshkar Award
  • Veteran playback singer Suresh Wadkar was honored with the prestigious Gansamragini Lata Mangeshkar Award.
  • The award ceremony took place in Mumbai, where Maharashtra Chief Minister Eknath Shinde and Deputy Chief Minister Devendra Fadnavis presented Wadkar with special mementos.
  • The award recognizes Wadkar’s significant contributions to the Indian music industry and his exceptional vocal talent.

Award details:

  • Name: Gansamragini Lata Mangeshkar Award
  • Significance: Honors contributions in music, especially in playback singing
  • Namesake: Legendary Indian singer Lata Mangeshkar
  • Criteria: Recognizes artists with exceptional vocal talent, artistic merit, and lasting impact
  • Symbolism: Represents recognition for outstanding achievements and contributions in music.

Agreements News

Goa Set to Become First Indian State to Access World Bank Climate Fund

Goa Set to Become First Indian State to Access World Bank Climate Fund
Goa Set to Become First Indian State to Access World Bank Climate Fund
  • Goa will be the first state in India to access the World Bank climate fund.
  • The World Bank delegation is in Goa to discuss the utilization of funds for climate action and sustainable development projects.
  • The discussions focus on projects related to climate resilience, disaster management, and sustainable water management in Goa.
  • The climate fund aims to support states in implementing projects that contribute to climate change mitigation and adaptation.

Who is the World Bank?

  • Purpose: Provides loans and grants to low and middle-income countries for development projects.
  • Institutions: Comprises the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA).
  • Headquarters: Washington, D.C., United States.
  • Governance: Run by a board of governors with a representative from each of the 189 member countries.
  • Funding: Raises funds through bonds and contributions from member countries.
  • Focus Areas: Develop projects in areas such as agriculture, education, environment, finance, health, and social protection.

Bank News

Paymart partners with 5 Indian Banks to Offer Virtual ATM Services

Paymart partners with 5 Indian Banks to Offer Virtual ATM Services
Paymart partners with 5 Indian Banks to Offer Virtual ATM Services
  • Paymart, a fintech startup, has partnered with five prominent Indian banks, including IDBI Bank, Indian Bank, Jammu & Kashmir Bank, and Karur Vyasa Bank.
  • Virtual ATM: The innovative service provides cardless and hardware-less cash withdrawals, effectively turning local shops into essential hubs for banking services.
  • The service was piloted successfully with IDBI Bank for over six months before being rolled out nationwide.
  • This initiative aims to empower local shopkeepers and enhance banking accessibility, especially in remote or underserved areas.

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