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CURRENT AFFAIRS: BANKING & FINANCE

Reserve Bank of India Monetary Policy Committee 2025: Repo Rate Reduced to 6.25% After Two Years Amid Slowing Growth and Easing Inflation

• The 6 Member Monetary Policy Committee (MPC) revised the repo rate for the first time in two years, unanimously voting for a 25 basis points (bps) cut from 6.50% to 6.25%.
• This decision was driven by easing retail inflation and slowing economic growth, despite continued pressure on the Rupee from global trade tensions.
• The MPC held its 53rd meeting from February 5 to 7, 2025 under the chairmanship of Shri Sanjay Malhotra.
• The MPC members Dr. Nagesh Kumar, Shri Saugata Bhattacharya, Prof. Ram Singh, Dr. Rajiv Ranjan, and Shri M. Rajeshwar Rao attended the meeting.
• The MPC’s meeting marked the final policy review for FY25 and was the first under new RBI Governor Sanjay Malhotra (26^th Governor of RBI), who assumed charge on December 11, 2024.
• The committee also decided to maintain a neutral stance, ensuring inflation remains aligned with targets while supporting economic growth.
• The minutes of the MPC’s meeting will be published on February 21, 2025.
• The next meeting of the MPC is scheduled for April 7 to 9, 2025.

Key Highlights of RBI’s MPC Meeting (February 2025):

• Repo rate cut: Reduced by 25 bps to 6.25% to stimulate economic growth.
• GDP growth projection (2025-26): 6.7%, driven by consumption and investment.
• Inflation forecast (2025-26): 4.2%, barring major shocks.
• Global risks remain significant, including geopolitical tensions, trade policy shifts, and financial market volatility.
• Neutral policy stance retained, allowing flexibility to adjust as conditions evolve.
• Standing Deposit Facility (SDF) rate: 6.00%
• Marginal Standing Facility (MSF) rate & Bank Rate: 6.50%

India’s Economic Growth Estimates (2024-25):

• GDP growth: 6.4% YoY, driven by a recovery in private consumption.
  • Quarterly breakdown: Q1 - 6.7%, Q2 - 7.0%, Q3 & Q4 - 6.5%
• Inflation trend: Declined from 6.2% in October 2024, due to falling food prices.
• CPI projections:
  • 2024-25: 4.8% (Q4: 4.4%)
  • 2025-26: 4.2%

What is CPI?

• The Consumer Price Index (CPI) is a measure of inflation that tracks how prices change over time for a representative group of consumer goods and services.
• The CPI is calculated as the average change in price over time for that market basket
• The CPI is reported as an annual growth rate and as an index

RBI Policy Rates from 2024 to 2025:

What Market Implications of a Repo Rate Cut in 2025?

1. Impact on Borrowers

• If the repo rate is cut to 6.25% from 6.50%, external benchmark lending rates (EBLRs) linked to the repo rate will decrease by 25 bps.
• Loan EMIs for home, car, and personal loans will become cheaper.
• Interest rates on loans linked to the marginal cost of fund-based lending rate (MCLR)may also decline, though full transmission may take time.

2. Impact on the Banking Sector

• A reduction in repo rates leads to lower interest income for banks.
• However, improved liquidity and reduced borrowing costs could increase credit demand, benefiting the overall economy.

3. Impact on Investments and Stock Markets

• A rate cut could boost equity markets, especially sectors like real estate, infrastructure, and banking.
• Investors may shift towards equities and bonds, anticipating higher growth and lower financing costs.

Recent News:

• In February 2025, The Reserve Bank of India (RBI) chose Exto India Technologies to test offline payment solutions in its Regulatory Sandbox.

About RBI:

• Established : 1 April 1935
• Headquarters : Mumbai, Maharashtra, India
• Governor : Sanjay Malhotra

Insolvency and Bankruptcy Board of India proposes ‘mini group insolvency’ to streamline resolution of interconnected entities

• The Insolvency and Bankruptcy Board of India (IBBI) has proposed a mechanism to improve the Corporate Insolvency Resolution Process (CIRP) for interconnected entities.
• Currently, the lack of a structured approach for handling multiple related entities undergoing CIRP simultaneously leads to inefficiencies, increased costs, and conflicts.
• The IBBI's discussion paper proposes several amendments, including:
• Joint hearings: For related entities undergoing CIRP.
• Appointment of a common resolution professional: To oversee the CIRP of interconnected entities.
• Information-sharing protocols: To facilitate better coordination and transparency.
• Coordinated timelines: To streamline the process and improve efficiency.
• This initiative is seen as a "mini group insolvency" mechanism, paving the way for a more comprehensive group insolvency framework under the Insolvency and Bankruptcy Code (IBC).
• Recent judicial precedents, like Videocon Industries and SREI Infrastructure Finance cases, highlight the need for this improved approach.
• The IBBI is seeking public comments on these proposals until February 25.
• In addition to the coordinated insolvency resolution mechanism, the IBBI has also decided to allow resolution plans for the part-wise resolution of corporate debtors.

About IBBI:

• Founded: October 1, 2016
• Headquarters: New Delhi, India
• Chairperson: Ravi Mital

Ujjivan Small Finance Bank Seeks Reserve Bank of India  Approval for Universal Banking License

• Ujjivan Small Finance Bank (SFB) has applied to the Reserve Bank of India (RBI) for a universal bank license.
• This move aims to broaden the financial services Ujjivan can offer its customers.
• The RBI has recently established a committee, headed by former Deputy Governor MK Jain, to evaluate such applications.
• The RBI's "Guidelines for ‘on-tap’ Licensing of SFBs in Private Sector" outlines the criteria for SFBs transitioning to universal banks.

Key requirements:

• A minimum net worth of ₹1,000 crore.
• Scheduled status and a satisfactory performance record for at least five years.
• Listing on a recognized stock exchange (all SFBs except North East Small Finance Bank are currently listed).
• Net profits in the previous two financial years.
• Gross Non-Performing Assets (GNPA) of less than or equal to 3% and Net Non-Performing Assets (NNPA) of less than or equal to 1% in the last two financial years.
• While there's no mandatory promoter requirement, existing promoters, if any, must continue after the transition.
• No new lock-in period for promoter shareholding is mandated.
• Upon conversion, the bank will adhere to all applicable norms, including those related to the Non-Operative Financial Holding Company (NOFHC)
• These regulations are based on the powers granted to the RBI under Section 22 (1) of the Banking Regulation Act, 1949.

Recent News:

• In a landmark move aimed at improving financial inclusion, the Reserve Bank of India (RBI), after its Monetary Policy Committee (MPC) meeting on December 6, 2024, announced that Small Finance Banks (SFBs) will now be permitted to offer pre-sanctioned credit lines through the UPI.

About Ujjivan SFB:

• Headquarters: Bengaluru, Karnataka, India
• Founded: 2017
• CEO: Sanjeev Nautiyal
• Tagline : Build a Better Life
• Ujjivan Financial Services holds an 80% stake in the bank.
• It is licensed under Section 22 (1) of the Banking Regulation Act, 1949 to carry out small finance bank business and received Scheduled Bank status from the Reserve Bank of India in August 2017.

Indian Overseas Bank To Celebrate 89th Foundation Day With Commitment To Sustainability

• Indian Overseas Bank (IOB)is celebrating its 89th Foundation Day on February 10, 2025, and has announced its commitment to environmental sustainability by joining the Partnership for Carbon Accounting Financials (PCAF).
• IOB is one of the early adoptersin the Indian banking sector to join this global initiative, reinforcing its dedication to combating climate change and promoting responsible banking.
• The PCAFis a globally recognized collaboration of financial institutions working to harmonize the measurement and disclosure of greenhouse gas (GHG) emissions associated with loans and investments.
• By joining PCAF, IOB aims to:
  • Enhance transparencyin its operations.
  • Adopt best practicesin GHG accounting.
  • Contribute meaningfully to India’s climate goals.
• As a PCAF signatory, IOB will:
  • Measure and discloseGHG emissions associated with its financed activities.
  • Adopt globally harmonized methodologiesfor GHG accounting, aligning with international best practices.
  • Strengthen its role in India’s net-zero journey, supporting the nation’s commitment to achieving carbon neutrality by 2070, as pledged at the COP26 summit.
• This initiative highlights IOB’s proactive steps to align with global climate actionefforts while supporting customers and communities in transitioning to a greener future.
• It further strengthens IOB’s commitment to ESG (Environmental, Social, and Governance) principlesand responsible banking practices.

About Indian Overseas Bank:

• Founded: 1937
• Headquarters: Chennai, Tamil Nadu, India
• MD & CEO: Ajay Kumar Srivastava

Poonawalla Fincorp Makes a Bold Tech Leap into AI-Driven Audit and Governance with ServiceNow

• Poonawalla Fincorp collaborates with ServiceNow to implement AI-powered solutions for audit and governance.
• Aims to enhance efficiency, automation, and compliance in operations.
• With the global AI in Audit market projected to reach USD 11.7 billion by 2033 at a CAGR of 27.9%, as mentioned in the market.us ‘Global AI in Audit’ report , many attribute this growth to GenAI’s ability to pinpoint high-risk areas and detect anomalies, enabling a sharper focus on critical issues that might otherwise go unnoticed.
• Integrating ServiceNow’s AI capabilities to streamline internal audits and strengthen the risk management framework.
• Generative AI improves accuracy and reliability in audits, analyses large datasets, and generates content aligned with existing patterns.
• Automated audit report generation and risk assessments with higher speed and precision.
• Enhanced anomaly detection for quicker identification of irregularities.
• AI-powered analytics provide data-driven insights for predictive risk assessment.
• Supports proactive governance measures through advanced analytics.

Recent News:

• In February 2025, IBM released its 2025 Outlook for Banking and Financial Markets, forecasting a significant surge in Generative AI adoption, with only 8% of banks developing it systematically in 2024, while 78% approached it tactically, signaling a shift towards more strategic implementation in the global financial services industry.

About Poonawalla Fincorp Limited:

• Poonawalla Fincorp Limited (“the Company”) is a Cyrus Poonawalla group promoted non-deposit taking systemically important non-banking finance company (ND-SI-NBFC), registered with the Reserve Bank of India (RBI).
• The Company started operations nearly three decades back and is listed on the BSE Limited (BSE) and the National Stock Exchange of India Limited (NSE).
• MD & CEO: Arvind Kapil

Bank of Baroda and Tata Power Collaborate for Financing of Rooftop Solar under Pradhan Mantri Surya Ghar Muft Bijli Yojana

• Tata Power Renewable Energy Limited (TPREL) has signed a Memorandum of Understanding (MoU) with Bank of Baroda for financing residential rooftop solar systems under the Pradhan Mantri Surya Ghar Yojana (PMSGY).
• Loans up to Rs 600,000 at interest rates starting from 7% per annum with fixed and floating options.
• Loans of up to Rs 200,000 for rooftop solar systems of up to 3 kW with minimal documentation and 10% margin.
• Loans of up to Rs 600,000 for systems between 3 kW and 10 kW with 20% margin.
• Loans are collateral-free with a flexible repayment tenure of up to 10 years.
• Bank of Baroda home loan customers will have interest rates ranging from 9.15% to 11% per annum.
• Non-home loan customers will have access to interest rates between 10.15% and 12% per annum.

Recent News:

• In December 2024, BOBCARD introduced the TIARA Credit Card, a premium offering designed for women, featuring exclusive perks in travel, health, dining, and lifestyle.

About Bank of Baroda (BoB):

• Founded: 1908
• Headquarters: Vadodara, Gujarat, India
• Managing Director & CEO: Debadatta Chand
• Tagline: "India’s International Bank"

CURRENT AFFAIRS: NATIONAL NEWS

India’s Logistics Sector Set for Major Transformation by 2030

• India rapidly advances its logistics infrastructure through key initiatives like PM Gati Shakti and the National Logistics Policy (NLP).
• It aims to secure a spot in the top 25 of the World Bank’s Logistics Performance Index (LPI) by 2030.
• Currently ranked 38th out of 139 nations, India is witnessing multi-modal logistics transformation and policy-driven advancements to become a global logistics hub.

Key Highlights of India’s Logistics Strategy

• PM Gati Shakti & National Logistics Policy: Key programs improving efficiency and connectivity.
• Infrastructure Investments:
  • 434 projects worth ₹11.17 lakh crore under PM Gati Shakti.
  • Focus on energy, mineral, cement, port connectivity, and high-traffic corridors.

Market Growth Projections

• Logistics Market Size: Expected to reach $484.43 billion by 2029.
• Growth Rate: 8.8% annually, driven by advanced technologies and public-private partnerships.

Key Transformation Goals by 2030

• Cost Reduction: Reduce logistics costs from 13-14% of GDP to single digits.
• Multi-Modal Transport:
  • Development of high-speed roads, hyperloops, and new airports.
  • Expected to reduce transport time by 66%.

Future Expectations & Economic Impact

• India’s Economic Growth:
  • Projected to surpass Japan by 2026 and become the 4th largest economy.
• Public-Private Partnerships (PPP):
  • Emphasis on advanced technology and innovative solutions to overcome infrastructure challenges.
• Event Spotlight:
  • LogiMAT India 2025 (Feb 13-15, Mumbai) to showcase the latest logistics innovations.

Government Expands e-NAM Scope with 10 New Agricultural Commodities

• The Department of Agriculture and Farmers’ Welfare, Government of India, has expanded the scope of trade under e-NAM (National Agricultural Market) by adding 10 more agricultural commodities.
• This move, driven by continuous demand from farmers, traders, and stakeholders, aims to provide better market access, fair pricing, and increased transparency in agricultural trade.

Key Highlights

Expansion of e-NAM Tradable Commodities

• Total commodities on e-NAM: Increased from 221 to 231
• Objective: Improve farmer earnings through digital trading, quality assurance, and market formalization.
• Approval: Given by Union Minister of Agriculture and Farmers’ Welfare, Shri Shivraj Singh Chouhan.
• Formulated by: Directorate of Marketing and Inspection (DMI) after extensive stakeholder consultations.

Newly Added Commodities on e-NAM

CURRENT AFFAIRS: INTERNATIONAL NEWS

United States President Donald Trump Signs Order to Leave United Nations Human Rights Council, Citing ‘Unethical Practices’

• United States President Donald Trump signed an executive order to withdraw the United States from the United Nations Human Rights Council (UNHRC), citing unethical practices by certain "outlier" countries within the UN.
• He criticized the disproportionate financial burden on the U.S., stating that other nations exploit the UN system for their self-interest.
• The executive order also halts U.S. funding for the United Nations Relief and Works Agency (UNRWA), the primary UN body providing aid to Palestinian refugees.
• The decision follows the Biden administration’s suspension of UNRWA funding after reports emerged alleging staff involvement in the October 7 Hamas attack on Israel.
• A day after US President Donald Trump announced America’s withdrawal from the United Nations Human Rights Council (UNHRC), Israel’s Minister of Foreign Affairs, Gideon Sa’ar, has stated that Israel would also join the US in its decision not to participate in the UNHRC.

About UNHRC :

• The UNHRC, a 47-member body, meets annually in Geneva, Switzerland, to address global human rights issues.
• Established in 2006, it serves as a platform for discussions among UN officials, member states, and experts.
• The UN Human Rights Office is headquartered in Geneva, Switzerland.
• Filippo Grandi currently serves as the 11th United Nations High Commissioner for Refugees (UNHCR).

Recent News:

• In January 2025, The US suspended all USAID funding to Bangladesh as part of a 90-day global review of foreign aid initiated by President Trump.

About USA:
• Capital: Washington, D.C.
• Currency: United States Dollar (USD)
• President: Donald Trump
• Vice President: JD Vance

CURRENT AFFAIRS: STATE NEWS

Central Zoo Authority approves white tiger breeding centre in Madhya Pradesh’s Rewa District

• The Central Zoo Authority (CZA) has granted approval for the establishment of a white tiger breeding centre in Rewa district, Madhya Pradesh.
• The centre will be set up in Govindgarh, aligning with Prime Minister Narendra Modi’s vision for environmental conservation and sustainable development.
• Rewa holds historical significance in white tiger conservation, as India’s first white tiger, Mohan, was discovered there in 1951.
• The project aims to preserve this legacy while strengthening biodiversity and conservation efforts.
• The breeding centre is a key component of the revised master plan for the Maharaja Martand Singh Judeo White Tiger Safari and Zoo in Mukundpur.

About Madhya Pradesh:

• Chief Minister: Mohan Yadav
• Governor: Mangubhai Chhaganbhai Patel
• Capital: Bhopal
• National Parks: Kanha National Park, Bandhavgarh National Park, Pench National Park, Panna National Park.
• Wildlife Sanctuaries: Bori Wildlife Sanctuary, Gandhi Sagar Wildlife Sanctuary, Ken Gharial Sanctuary, Kuno Wildlife Sanctuary.

Odisha Demands 50% Central Tax Share and Full Funding for State Disaster Response Fund from Finance Commission

• The Odisha government submitted a demand before the 16th Finance Commission to increase the states’ share in central taxes to 50%.
• Additionally, it sought 100% funding of the State Disaster Response Fund (SDRF) by the Centre.
• Currently, an 8-member team of the 16th Finance Commission, headed by Arvind Panagariya, is on a four-day visit to Odisha, holding discussions with state government officials and political parties regarding the state’s demands and requirements.
• The demand includes:
  • ₹9.88 trillion for pre-devolution revenue deficit.
  • ₹1.10 trillion for state-specific bodies.
  • ₹1.00 trillion for local body grants.
  • ₹31,004 crore for the State Disaster Response Fund (SDRF).
  • ₹29,252 crore for the State Disaster Mitigation Fund.
• Odisha seeks an increase in its share of the central divisible pool from 41% to 50%.
• Odisha demands a fixed 2% share of the Centre's revenue for urban local bodies and Panchayati Raj institutions.

Recent News:

• Prime Minister Narendra Modi inaugurated the ‘Utkarsh Odisha – Make in Odisha Conclave 2025’ on January 28, 2025, at Janata Maidan in

About Odisha:

• Chief Minister: Mohan Charan Majhi
• Governor: Hari Babu Kambhampati
• Capital: Bhubaneswar
• National Parks: Simlipal National Park, Bhitarkanika National Park
• Wildlife Sanctuaries: Chandaka Wildlife Sanctuary, Nandankanan Zoological Park, Kuldiha Wildlife Sanctuary, Debrigarh Wildlife Sanctuary, Kotagarh Wildlife Sanctuary, Lakhari Valley Wildlife Sanctuary, Baisipalli Wildlife Sanctuary

CURRENT AFFAIRS: BUSINESS NEWS

Zomato Rebrands as Eternal: A Strategic Corporate Transformation

• Food and delivery giant Zomato has officially rebranded itself as “Eternal”, effective February 6, 2025.
• This move signifies a major corporate shift, consolidating its diverse business verticals under one umbrella while continuing to operate its core food delivery service under the Zomato

Key Highlights of the Rebranding

• Renaming Decision: Zomato has been internally using the name “Eternal” for over two years before officially announcing the change.
• Expansion Beyond Food Delivery: The company now operates across multiple sectors, including quick commerce, B2B restaurant supplies, and live events.
• Reason for Rebranding: The company’s growth and diversification made a unified brand identity necessary for future expansion.
• Strategic Importance: The rebranding aligns with long-term growth strategies and enhances investor confidence.

Eternal Ltd: Four Core Business Divisions

About Zomato

• Founders: Deepinder Goyal, Akriti Chopra, Pankaj Chaddah, Gunjan Patidar
• Founded: July 2008
• Formerly: FoodieBay (2008–2010)
• Headquarters: Gurugram, Haryana, India.

CURRENT AFFAIRS: DEFENCE

Indian Army's Firepower Gets a Boost with ₹10,147 Crore Munitions Deal for Pinaka Multiple Launch Rocket System (MLRS)

• The Defence Ministry has signed two contracts worth ₹10,147 crore for procuring ammunition to enhance the army’s firepower.
• The deals, aimed at boosting self-reliance in defence manufacturing, were signed with:
  • Economic Explosives Limited, Nagpur
  • Munitions India Limited, Pune

Key Highlights of the Procurement:

• The procurement includes area denial munition and enhanced range rockets for the Pinaka multi-launcher rocket system.
• The Pinaka rocket system was among the weapons showcased at the 76th Republic Day parade.
• The area denial munition features a specialised warhead designed to target mechanised forces, vehicles, and personnel, denying specific areas to the enemy.
• The enhanced range rockets can strike deep into enemy territory with precision and lethality.
• The contracts mark a significant step in the modernisation of artillery rocket regiments.
• Munitions India Limited was formed from the corporatisation of the Ordnance Factory Board in 2021 to improve efficiency and competitiveness in defence manufacturing.

Government's Defence Manufacturing Goals:

• India targets a turnover of ₹1.75 lakh crore in defence manufacturing in 2024-25.
• Several measures have been implemented to enhance self-reliance, including:
  • Phased import bans on weapons
  • Separate budget for local military hardware
  • Increased FDI from 49% to 74%
  • Improved ease of doing business

Budget Allocation:

• The Union Budget for 2024-25 allocated ₹6.81 lakh crore for defence, including ₹1.8 lakh crore for military modernisation.
• 75% of the modernisation outlay is earmarked for domestic procurement, reflecting a strong push for self-reliance in defence manufacturing.

Recent News:

• India's Defence Ministry, in collaboration with the Manohar Parrikar Institute of Defence Studies and Analyses, conducted a pilot study on Lethal Autonomous Weapons Systems (LAWS) in February 2025.

About Ministry of Defence:

• Cabinet Minister: Rajnath Singh
• Minister of State (MoS): Ajay Bhatt

CURRENT AFFAIRS: SCIENCE & TECHNOLOGY

According to Science and Technology Minister Jitendra Singh, India will launch the Chandrayaan-4 mission in 2027 to bring back moon rock samples to Earth.

• India will launch the Chandrayaan-4 mission in 2027 to bring back moon rock samples to Earth, according to Science and Technology Minister Jitendra Singh.
• The mission will involve two launches of the LVM-3 rocket to carry and assemble five components in orbit.

Other Upcoming Space Missions and Growth:

• Gaganyaan Mission: India’s first crewed space mission will send astronauts to low-Earth orbit next year.
• Samudrayaan Mission (2026): India plans to launch Samudrayaan to explore the seabed at depths up to 6,000 meters, with three scientists in a submersible.
• Uncrewed Gaganyaan Mission: India will conduct an uncrewed Gaganyaan mission this year with a robot named Vyommitra.
• India is building a 3rd launch pad for heavier rockets and expanding with a new launch site in Tamil Nadu’s Tuticorin district for small satellites.
• India’s space economy is valued at $8 billion and is projected to reach $44 billion in the next decade.

About Ministry of Science and Technology:

• Cabinet Minister: Dr. Jitendra Singh

CURRENT AFFAIRS: MOUS AND AGREEMENT

Amazon & CleanMax Partner for 100 MW Renewable Energy Project

• CleanMax, a leading renewable energy provider, has signed a Power Purchase Agreement (PPA) with Amazon to develop a 100 MW renewable energy project in India.
• The Brookfield-backed company will develop and operate a wind farm, contributing to Amazon’s sustainability goals and supporting India's transition to clean energy.

Key Highlights

Project Details

• Capacity: 100 MW wind energy project.
• Operational Timeline: Expected to be functional by Q2 2026.
• Electricity Generation: 355 million kWh annually.
• CO₂ Offset: Estimated 252,000 tons per year, equivalent to planting 14.8 million trees.

Significance of the Agreement

• Supports Amazon’s ‘Climate Pledge Commitment’ to achieve net-zero carbon emissions by 2040.
• Strengthens Amazon’s clean energy footprint in India.
• Aligns with global corporate sustainability trends, where tech giants are expanding green energy investments.
• Boosts India’s renewable energy sector, contributing to carbon reduction efforts.

About Amazon

• Headquarters: Seattle, Washington, United States
• Founded: 5 July 1994
• Founder: Jeff Bezos
• CEO: Andy Jassy

CURRENT AFFAIRS: SPORTS NEWS

Niraj Kumar Clinches Gold in National Games Shooting Event

• Indian Navy’s Niraj Kumar stunned Paris Olympics bronze medallist Swapnil Kumar and Aishwarya Pratap Singh Tomar to win gold in the men’s 50m rifle 3 positions event at the National Games.

Key Highlights of the Competition

• Men’s 50m Rifle 3 Positions Event
  • Gold: Niraj Kumar (Services Sports Control Board - SSCB) – 464.1 points
  • Silver: Aishwarya Pratap Singh Tomar (Madhya Pradesh) – 462.4 points
  • Bronze: Swapnil Kumar (Maharashtra) – 447.7 points
  • Training: Niraj trained at the Elite Shooting Academy, Padukone Dravid Centre for Sports Excellence, Bangalore.
• 10m Air Pistol Mixed Team Event
  • Gold: Suruchi Singh & Parmod (Haryana) – 17-7 win over Rajasthan
  • Silver: Anjali Shekhawat & Umesh Choudhary (Rajasthan)
  • Bronze: Rahi Sarnobat & Pranav Arvind Patil (Maharashtra) – 17-3 win over Uttarakhand

Varun Chakravarthy Nominated for ICC Men's Player of the Month

• Indian spinner Varun Chakravarthy has been nominated for the ICC Men's Player of the Month award for January 2025 following his outstanding performance in the T20I series against England.
• His mystery spin played a crucial role in India’s 4-1 series victory at home.

Key Highlights

Men’s Category Nominations

1. Varun Chakravarthy (India)
   • Wickets: 14 in 5 matches
   • Average: 9.85
   • Economy Rate: 7.66
   • Impact: Troubled England’s batsmen with his variations, key contributor to India’s series win.
2. Jomel Warrican (West Indies)
   • Wickets: 19 in Test series against Pakistan
   • Recognition: Player of the Series for his bowling brilliance in a drawn series.
3. Noman Ali (Pakistan)
   • Wickets: 16 against West Indies
   • Vital performance in Pakistan’s bowling attack.

Women’s Category Nomination

1. Gongadi Trisha (India)
   • Tournament: ICC Women’s U19 T20 World Cup
   • Runs: 309 (Leading run-scorer)
   • Historic Feat: First-ever century in the competition’s history
   • Role in Victory: Instrumental in India’s successful title defense.

Recent news

• In February 2025, The Indian U19 women’s cricket team scripted history by securing a dominant nine-wicket victory over South Africa in the ICC U19 Women’s T20 World Cup 2025 final at the Bayuemas Oval in Kuala Lumpur, Malaysia.
• In January 2025, Indian pace sensation Jasprit Bumrah was awarded the prestigious Sir Garfield Sobers Award for ICC Men’s Cricketer of the Year 2024.

About ICC

• Headquarters: Dubai, United Arab Emirates
• Founded: 15 June 1909
• Chairman: Jay Shah

CURRENT AFFAIRS: BOOKS AND AUTHOR

Omar Abdullah Released the book named ‘Hearts and Heroes’ by Kulbhushan Kumar

• Chief Minister of J&K Omar Abdullah officially released the book "Hearts and Heroes: Lives that Shaped Us", authored by Kulbhushan Kumar, a JKAS officer currently serving as Director of Finance in Disaster Management, Relief & Rehabilitation Department.
• The book launch event took place at the Civil Secretariat in Jammu, attended by colleagues and well-wishers of the author.

Key Highlights of ‘Hearts and Heroes’

• Theme & Content:
  • A poetic tribute to visionaries, leaders, and unsung heroes who have significantly impacted society.
  • Focuses on love, kindness, and determination, drawing inspiration from global icons.
• Author’s Background:
  • Kulbhushan Kumar is a civil servant and writer from Birnoo, Jammu & Kashmir.
  • Successfully balances his administrative responsibilities with his literary interests.
• Publication Details:
  • The book is published by Authors Press and aims to inspire readers through poetic storytelling.

Daily CA One- Liner: February 8

• India rapidly advances its logistics infrastructure through key initiatives like PM Gati Shakti and the National Logistics Policy (NLP).
• The Department of Agriculture and Farmers’ Welfare, Government of India, has expanded the scope of trade under e-NAM (National Agricultural Market) by adding 10 more agricultural commodities
• Food and delivery giant Zomato has officially rebranded itself as “Eternal”, effective February 6, 2025.
• CleanMax, a leading renewable energy provider, has signed a Power Purchase Agreement (PPA) with Amazon to develop a 100 MW renewable energy project in India
• Indian Navy’s Niraj Kumar stunned Paris Olympics bronze medallist Swapnil Kumar and Aishwarya Pratap Singh Tomar to win gold in the men’s 50m rifle 3 positions event at the National Games.
• Indian spinner Varun Chakravarthy has been nominated for the ICC Men's Player of the Month award for January 2025 following his outstanding performance in the T20I series against England
• Chief Minister of J&K Omar Abdullah officially released the book "Hearts and Heroes: Lives that Shaped Us", authored by Kulbhushan Kumar, a JKAS officer currently serving as Director of Finance in Disaster Management, Relief & Rehabilitation Department.
• The Monetary Policy Committee (MPC) revised the repo rate for the first time in two years, unanimously voting for a 25 basis points (bps) cut from 6.50% to 6.25%.
• The Insolvency and Bankruptcy Board of India (IBBI) has proposed a mechanism to improve the Corporate Insolvency Resolution Process (CIRP) for interconnected entities.
• Ujjivan Small Finance Bank (SFB) has applied to the Reserve Bank of India (RBI) for a universal bank license.
• Indian Overseas Bank (IOB)is celebrating its 89th Foundation Day on February 10, 2025, and has announced its commitment to environmental sustainability by joining the Partnership for Carbon Accounting Financials (PCAF).
• Poonawalla Fincorp collaborates with ServiceNow to implement AI-powered solutions for audit and governance.
• Tata Power Renewable Energy Ltd (TPREL) has signed a Memorandum of Understanding (MoU) with Bank of Baroda for financing residential rooftop solar systems under the Pradhan Mantri Surya Ghar Yojana (PMSGY).
• Former S. President Donald Trump signed an executive order to withdraw the United States from the United Nations Human Rights Council (UNHRC), citing unethical practices by certain "outlier" countries within the UN.
• The Central Zoo Authority (CZA) has granted approval for the establishment of a white tiger breeding centre in Rewa district, Madhya Pradesh.
• The Defence Ministry has signed two contracts worth ₹10,147 crore for procuring ammunition to enhance the army’s firepower.
• The Odisha government submitted a demand before the 16th Finance Commission to increase the states’ share in central taxes to 50%.
• India will launch the Chandrayaan-4 mission in 2027 to bring back moon rock samples to Earth, according to Science and Technology Minister Jitendra Singh.