Current Affairs 25th Feb 2020: Read Daily GK Update

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daily current affairs update for 25th feb

Current Affairs 25th Feb 2020: Daily GK Update

Dear students,

Every day we have given important current affairs news for all competitive exams. Daily current affairs news is given in short notes. The details of the notes are given in monthly magazines. So, students daily visit the portal and get some current affairs knowledge to improving the skills. CloudPazz provides you complete list of daily, weekly and monthly current affairs and also given static gk.

1. Health Minister launches vaccination drive:

“No child should have to suffer or die due to vaccine preventable diseases,’’ said Union Health Minister Harsh Vardhan on Monday, inaugurating a special campaign on Intensified Mission Indradhanush (IMI 2.0). The campaign aims to immunise children under two years of age and pregnant women against vaccine-preventable diseases.

Important Static GK Takeaway for all Competitive exams

Union Health Minister Harsh Vardhan
Constituency Krishna Nagar
Political party Bharatiya Janata Party

2. Income scheme to cover fewer farmers:

  • One year after the launch of the Pradhan Mantri Kisan Samman Nidhi, the Centre has revised the farmer income support scheme’s beneficiary target down to just under 12 crore from 14 crore.
  • In fact, empirical evidence suggests that saturation level will reach around 10 crore families. So far, almost 8.5 crore farmers have benefited.
  • the West Bengal government has refused to join the scheme at all, the Bihar government’s approach of waiting for applicants means more than 60% of potential beneficiaries are yet to register.

Important Static GK Takeaway for all Competitive exams

Union  Agriculture Minister Narendra Singh Tomar
Constituency Morena.
Political party Bharatiya Janata Party

3. Trump and Melania marvel at monument of love

  • S. President Donald Trump and First Lady Melania Trump on Monday visited the iconic Taj Mahal as they marvelled at the famed 17th century Mughal-era mausoleum built as a monument of love.
  • Trump, accompanied by his wife, daughter Ivanka and son-in-law Jared Kushner, arrived here from Ahmedabad.
  • The Taj Mahal, built by Mughal Emperor Shah Jahan in memory of his wife Mumtaz Mahal who died in 1631, has been refurbished for the visit.

Important Static GK Takeaway for all Competitive exams

U.S. President Donald Trump is 45th president of USA

4. Sunni Waqf Board accepts five-acre land for mosque

  • The Uttar Pradesh Sunni Central Waqf Board on Monday decided to accept the five acres of land allotted to it for building a mosque following the Supreme Court verdict in the Babri Masjid-Ram Janmabhoomi title suit.
  • The State government had earlier in February allotted the land in Dhannipur village in Sohawal tehsil of Ayodhya, around 25 km from the site where the Babri Masjid once stood.
  • Waqf Board chairperson Zufar Faruqi, after a meeting, said the board would constitute a Trust to construct a mosque at the site.

Important Static GK Takeaway for all Competitive exams

State Capital Governor Chief Minister
Uttar Pradesh Lucknow Yogi Adityanath Anandiben Patel

5. Energy to dominate India-U.S. relations, say experts

Energy deals are expected to be a key part of discussions between Prime Minister Narendra Modi and U.S. President Donald Trump on Tuesday, with talks over India’s increasing imports of American oil and gas, a clean energy deal including an MoU on building pipeline infrastructure for Liquefied Natural Gas (LNG) between American oil company ExxonMobil, gas transportation technology company Chart Industries and PSU Indian Oil Corporation Limited (IOCL).

Important Static GK Takeaway for all Competitive exams

Petroleum Minister Dharmendra Pradhan
Constituency Deogarh, Odisha
Political party Bharatiya Janata Party

6. China bans wildlife trade, consumption

  • China on Monday declared an immediate and “comprehensive” ban on the trade and consumption of wild animals, a practice believed responsible for the deadly coronavirus outbreak.
  • The Standing Committee of the National People’s Congress (NPC), the country’s top legislative panel, approved a proposal “prohibiting the illegal wildlife trade, abolishing the bad habit of overconsumption of wildlife, and effectively protecting the lives and health of the people,” state television reported.
  • That prohibition after SARS virus killed hundreds in 2002-03 was short-lived.

Important Static GK Takeaway for all Competitive exams

Country Capital Currency PM
Li Keqiang Beijing Yuan or Renmimbi Li Keqiang

7. Banks’ profitability remains fragile, says Shaktikanta Das

  • The Indian banking sector is slowly turning around on the back of improvements in asset quality with enhanced resolutions through the Insolvency and Bankruptcy Code (IBC). Despite the recent decline in impaired assets and a significant improvement in provisioning, profitability of the banking sector remains fragile,” Mr. Das said at an event.
  • He said the capital position of banks had improved on account of recapitalisation of public sector banks by the government and capital raising efforts by private sector banks.

Important Static GK Takeaway for all Competitive exams

Governor of Reserve Bank of India:      Shaktikanta Das

Four Deputy Governor of Reserve Bank of India:

  • B. P. Kanungo,
  • N. S. Vishwanathan,
  • Mahesh Kumar Jain,
  • Michael Patra.

8. COVID-19 scare drags equities

  • Indian benchmark equity indices lost around 2% on Monday amid an overall weak trend in most markets, as investors remained jittery over concerns related to the global impact of coronavirus outbreak after South Korea reported a rise in the number of cases.
  • The 30-share Sensex, which opened lower compared to Friday’s close, traded in the red for the complete trading session on Monday before closing at 40,363.23, shedding 806.89 points or 1.96%. This was just a tad above the day’s low of 40,306.36.

9. India set to be among top 3 economies: Mukesh Ambani

  • The country is set to become one of the top three economies in the world and technology will play a big role in that journey, RIL chairman Mukesh Ambani said in a fireside chat with Microsoft’s Satya Nadella at the Future Decoded CEO Summit here on Monday.
  • He said growth in the economy would be marked by India’s emergence as the world’s ‘most premium digital society’. Talking about entrepreneurs in India, Mr. Ambani said, “Every small businessman or entrepreneur in India has the potential to become a Dhirubhai Ambani or Bill Gates. That is what differentiates India from the rest of the world.”

10. Ashok Leyland plans to resize operations

  • Commercial vehicle manufacturer Ashok Leyland Ltd. (ALL) has decided to scale down its operations to the level that prevailed three years ago to make it a much more resilient company.
  • “The idea is to see that we don’t get into shrinking more because next year, the first quarter and second quarter is not going to be really great,” Gopal Mahadevan, whole-time director and CFO, Ashok Leyland, said in an earnings call.
  • “We’re going to use this opportunity to scale down the operations of the company even further. What we are trying to do is instead of doing something like cutting ourselves to the bone…why don’t we resize the organisation to the level it was possibly three years ago,” he said.
  • “Let’s go back to when we were ₹18,000 crore (in revenue) three years back. Let us look at what were the resources we are deploying and let us take a 20% cut on that,” he said.

11. Nobody wants to kill telecom sector: Rajnish

  • State Bank of India (SBI) chairman Rajnish Kumar said nobody wants to kill the telecom sector which is facing a crisis over the adjusted gross revenue (AGR) dues.
  • “Nobody wants to kill the sector, let me be clear,” Mr. Kumar said on the sidelines of an event to announce a collaboration between Microsoft and SBI Foundation.
  • When asked about the outcome of the meeting between the government and the banks, Mr. Kumar said, “So far there has been no communication from the government, let us wait.” The government may invoke bank guarantees of the telecom companies if they fail to pay the dues before the next hearing scheduled on March 17.
  • State Bank of India alone has ₹29,000 crore exposure to telecom players apart from non-fund based exposure of ₹14,000 crore.
  • Meanwhile, Microsoft India has announced a collaboration with SBI Foundation to create opportunities for youth living with disabilities, in the banking, financial and insurance sectors.
  • As a part of the joint effort, Microsoft and SBI Foundation will develop an artificial intelligence-powered market place that will enable the banking, financial services and insurance (BFSI) industry to more easily connect with people living with disabilities for skill development and employment opportunities.

12. SEBI tweaks margining system

  • The Securities and Exchange Board of India (SEBI) has tweaked the margining framework for stocks in the cash and derivatives segment.
  • As part of the review, the capital markets regulator has divided stocks in the cash segment into three categories based on liquidity to ascertain the so-called value at risk (VaR) margin.
  • Further, the extreme loss margin has been fixed at 3.5% for any stock, and 2% for exchange traded funds (ETFs) that track broad-based market indices. In the derivatives segment, the regulator has tweaked the methodology for parameters like volatility calculation, calendar spread charge, extreme loss margin and price scan range, among other things.

Important Static GK Takeaway for all Competitive exams

Chairman Head Office Established
Ajay Tyagi Mumbai 2 April 1992

13. New Zealand’s 100th Test win:

  • New Zealand’s 100th Test win, driven typically by team spirit, fittingly arrived at the the Basin Reserve, the soul of the country’s cricket really.
  • And the feat, an emphatic 10-wicket win against fancied India, arrived in the 100th Test of one of New Zealand’s favourite cricketing sons, Ross Taylor. The icing on the cake really.
  • As for the Indians, they were blown away at windy Wellington.

14. Shafali and Poonam shine bright as Women in Blue register second successive win

  • Leg-spinner Poonam Yadav delivered yet again with timely dismissals to lead India to a comfortable 18-run win over Bangladesh in their ICC Women’s T20 World Cup match at the WACA ground here on Monday.
  • Invited to bat, a substantial partnership eluded it after a fiery start, but India still managed to post a competitive 142 for six.
  • India was off to a flying start with opener Shafali Verma (39 of 17 balls) coming out all guns blazing in the Group A game.

!!! All the Best !!!

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