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CURRENT AFFAIRS: BANKING & FINANCE

Tata Capital to issue green bonds, Non Convertible Debentures to raise Rs 15,000 crore

• Tata Capital plans to raise ₹15,000 crore ($1.72 billion) through debt, including green bonds and non-convertible debentures (NCDs).
• The board approved the plan on February 6^th, 2025.

Key Highlights:

Purpose of Funds:

• The proceeds will be used for on-lending purposes and business operations.
• Funds from green bonds will specifically support projects related to renewable energy, energy efficiency, and clean transportation.

Issuance Breakdown:

• ₹10,000 crore will be raised through green bonds and market-linked NCDs via private placement.
• ₹5,000 crore will be raised through secured redeemable NCDs with a liquidity window facility.

RBI's Deadline:

• Tata Capital is facing the Reserve Bank of India’s (RBI) deadline to have its shares listed by September this year.

About Green bonds and NCDs:

• Green bonds are a type of fixed-income debt instrument that funds environmental projects, while non-convertible debentures (NCDs) are a type of fixed-income investment that cannot be converted to shares.

Recent News:

• In February 2025, Tata Capital, an Associate Sponsor of the Women’s Premier League (WPL), unveiled its latest campaign, “Game Bolega,” for the third season of the league.

About Tata Capital:

• Tata Capital is an ‘Upper Layer’ NBFC (Non-Banking Financial Company) as per the RBI, subject to higher regulatory requirements.
• Tata Sons holds 93% of Tata Capital's shares, and it is unlikely to dilute its stake below 75% in the planned IPO.
• Tata Capital has merged with Tata Motors Finance Limited (TMFL).
• TMF Holdings, a core investment company owned by Tata Motors, will hold a 4.7% stake in the merged entity after the merger.

Milestone in Digital Payments: PhonePe Rolls Out Device Tokenization for Merchants

• PhonePe becomes the first to offer this device tokenization solution to all merchants, making it a significant milestone in the payment industry.
• Consumers can tokenize their cards in the PhonePe app and use card tokens for a variety of services, such as Bill Payments, Recharges, Travel Bookings, Insurance Purchases, and Online Merchants.

Key Highlights:

Benefits for Consumers:

• No need to save card details on merchant platforms.
• No CVV entry required for every transaction, leading to higher success rates.
• Reduced fraud risks, as tokenized cards are securely linked to devices.
• Initial Tokenization Support: Initially, Visa Credit and Debit Cards will be supported for tokenization.

Benefits for Merchants:

• Increased security and faster transactions.
• Higher success rates, improved customer retention, and seamless checkout experiences.
• Access to an expanding network of tokenized cards.

PhonePe Group Overview:

• India's leading fintech company. Launched its flagship product, the PhonePe digital payments app, in August 2016.
• It has become India's leading consumer payments app. As of January 25, PhonePe has over 59 Crore lifetime registered users.
• Over 4 Crore merchants are part of the PhonePe digital payments acceptance network.
• PhonePe processes over 31 Crore transactions daily.
• The Total Payment Value (TPV) for PhonePe exceeds INR 145 lakh crore annually.

Recent News:

• In January 2025, PhonePe partnered with ICICI Lombard to offer affordable insurance plans for travelers attending the Maha Kumbh Mela, covering medical expenses, personal accidents, and more

About PhonePe:

• Headquarters: Bengaluru, Karnataka, India
• Founded: 2015
• CEO: Sameer Nigam
• Subsidiaries: PhonePe Payments, PhonePe for Business, PhonePe Insurance, PhonePe Wealth, PhonePe Bharat BillPay
• Key Products: PhonePe App, PhonePe Wallet, UPI Payments, PhonePe for Business, PhonePe Insurance, PhonePe Gold, PhonePe Bharat BillPay

South Indian Bank Launches ‘SIB Quick FD’ for Seamless Digital Investment

• South Indian Bank has rolled out a new service, ‘SIB Quick FD’, which allows individuals to start a fixed deposit without needing to open a savings account with the bank.
• This new feature provides a hassle-free digital banking experience for both existing customers and non-customers alike.
• The process is entirely paperless, and users can make their fixed deposits via UPI transactions.
• All that is required for documentation is the individual’s PAN and Aadhaar details.
• With no need for traditional paperwork or in-person visits, the service promises to be a convenient and accessible way for anyone to invest in fixed deposits.

Features and process

• The minimum amount for starting a fixed deposit through ‘SIB Quick FD’ is Rs. 1000, and the service is available 24/7.
• Additionally, the bank assures that all fixed deposits made through this service will be covered by DICGC insurance, up to 5 lakh, depending on the amount invested.
• Interest rates on deposits are also stated to be competitive, though specific rates can be checked on the bank’s platform.
• This initiative is in line with South Indian Bank’s commitment to offering simple and efficient digital banking solutions to the public.

Recent News:

• In January 2025, South Indian Bank rolled out a campaign titled ‘96 Debit Card Offers’ as part of its 96th-anniversary celebrations.
• In February 2025, South Indian Bank (SIB) launched two specialized startup current accounts—SIB Business Startup Current Account and SIB Corporate Startup Current Account—to support India’s startup ecosystem.

About South Indian Bank:

• Founded Year: 1929
• Headquarters: Thrissur, Kerala, India
• CEO: P.R. Seshadri
• Slogan: "Experience Next-Gen Banking"

New Pension Scheme by Life Insurance Corporation: ‘Smart Pension’ Plan Goes Live from Feb 18, 2025

• Life Insurance Corporation (LIC) has launched the ‘Smart Pension’ plan, effective from February 18, 2025.
• It is a Non-Participating (Non-Par), Non-Linked, Individual/Group, Savings, Immediate Annuity Plan.

Key Highlights:

• The plan is tailored specifically for the domestic market and aims to meet the growing demand for pension and retirement savings in India.
• Strategic Importance: LIC expects this product to strengthen its leadership position in India’s growing pension and retirement savings market.
• In the 1^st nine months of FY25, the share of non-par in the individual Annualised Premium Equivaent of LIC was 27.68%.

LIC’s Financial Performance:

• LIC's net premium income dropped 9% to Rs 1.07 lakh crore in the latest third quarter.
• The decline was driven by a 24% fall in single-premium collections and a 14% decline in first-year premium collections.
• This new pension plan aims to tap into the increasing need for retirement solutions as the Indian population seeks secure financial futures.

Recent News:

• In February 2025, Life Insurance Corporation of India (LIC) launched the "One Man Office" (OMO) service to provide its sales force with a comprehensive digital ecosystem, enabling them to serve policyholders seamlessly.

About Life Insurance Corporation of India (LIC):

• Headquarters (HQ): Mumbai, Maharashtra, India
• Chairman: M.R. Kumar
• Founded: 1956

CURRENT AFFAIRS: STATE

Arunachal Pradesh cabinet approves schemes for Women, Youth, and State Development

• Chief Minister Pema Khandu along with his Council of Ministers and chief secretary released the Deputy Commissioners’ Conference (DCC) Outcome Report after a Cabinet meeting.
• The DCC was held on January 16 and 17 last on 6 themes- Swasth Arunachal, Shikshit Arunachal, Smriddh Arunachal, Surakshit Arunachal, Swachh Arunachal and Sundar Arunachal and 4 special sessions on forest clearance, land acquisition, saturation of the schemes and the role of guardian ministers and mentor secretaries.
• This 4th Cabinet Aapke Dwar meeting was an initiative of Team Arunachal Govt. when the CM authorized 38 agenda items, highest is state’s history, for discussion and decision-making to facilitate state’s overall development.

Key Highlights:

• Arun Parivar Patra: The Cabinet approved The Arunachal Pradesh Arun Parivar Patra Authority Bill, 2025 to set up a family centric citizen data base for the state and would streamline delivery of public welfare schemes and services after enactment.
• ITA: In a significant step towards evidence-based governance and strategic planning, setting up of Institute for Transforming Arunachal (ITA) was approved to serve as premier policy think tank, providing research-backed advisory support, policy recommendations and strategic direction to accelerate socio-economic development.
• It would be housed within Finance, Planning & Investment department in line with Niti Ayog to focus on transformational governance, economic growth, sustainable development and innovation.
• It would play a crucial role in shaping State Vision@2047, aligning it with India Vision@2047 to ensure this state remains at the forefront of progress.
• Youth development: As financial year 2024-25 has been declared as Year of Youth, Arunachal Pradesh Youth Policy was approved with vision, mission, objectives, youth development goals, implementation strategy, monitoring and evaluation for youth development.
• Thus, nine youth development goals, including ensuring holistic and quality education for youth, promoting healthy lifestyles and holistic well-being of youths and generating sustainable employment avenues, have been identified.
• GST: The Arunachal Pradesh Goods and Services Tax (Amendment) Bill, 2025 was approved to implement different provisions of the Arunachal Pradesh Goods and Services Tax Act, 2017 and to be tabled in ensuing state Legislative Assembly session for enactment.
• Land management: To curb and regulate the rampant encroachment of Govt lands and matters connected therewith in the state, the GoAP has enacted The Arunachal Pradesh Public Premises (Eviction of Unauthorized Occupants) Act, 2003.
• Textile & Handicraft: The launching of ‘Arunachal Pradesh Handloom and Handicrafts Policy-2024’ was approved to revitalize and modernize state’s handloom and handicraft sector.
• One of its key initiatives is comprehensive digital database for weavers and artisans designed to streamline resource allocation and provide customized support.
• Under the policy, recognition of exceptional craftsmanship award has been raised from ₹75,000 to ₹1,00,000 and from ₹65,000 to ₹75,000 for 2^nd prize.

• New posts: Creation of 270 contractual posts approved for immediate operationalisation of child helpline services at state and district levels as per guidelines of Mission Vatsalya Scheme and standard operating procedures (SoPs) of child.
• Fire stations:Five new ones approved at Raga (Kamle district, Yupia (Papumpare district), Boleng (Siang district), Lemmi (Pakke Kessang district) and Tato (Shi Yomi district) along with creation of 90 various posts to ensure safety life and property.
• Directorate of Prosecutionfor speedy prosecution of cases besides rendering multifarious legal services in the state has been approved to be headed by a director and function under administrative control of home department and creation of 84 various posts.
• MFV: Creation of 25 various posts of scientific assistant and laboratory assistant against five mobile forensic vans (MFV) approved.
• Administrative Reforms: The Cabinet directed to wind up isolated engineering wings to ensure financial proprietary, quality of execution and monitoring and non-delay in execution of projects and assign engineering departments for result oriented and quality infrastructure.
• Sports: It was decided to introduce Mission Olympics under which, the athletes would have access to top-tier training facilities, expert coaching, nutritional support, and performance monitoring systems.
• These resources are crucial for their holistic development and success in highly competitive environments, like Olympics.
• The focus would be on Olympics recognized sports, namely badminton, skateboarding, taekwondo, judo, weightlifting & wushu.
• State calendar events: Conduct of Late Kalikho Pul Memorial State Table Tennis Championship and Late Jambey Tashi Memorial State Level Tug of War Championship approved.
• Dulari Kanya Scheme revamping got the nod.
• The scheme, now offering ₹20,000 as fixed deposit on the institutional birth of girl child which could be withdrawn on maturity (18 years of age), increased to: ₹30,000 fixed deposit for institutional birth to mature at 18 years age and on class XI admission ₹20,000 DBT to  beneficiaries, totalling ₹50,000.
• The cabinet was informed that of total 26 treasury offices of the state,  22 have been onboarded in centralized Treasury NET system, which would ensure transparency and fast track treasury and finance department actitvities.
• The IT department targets 100% computerization by May next.
• Key development initiatives for Kurung Kumey district: Creation of circle HQs at Panyu, re-notification of Parsi Parlo circle as ADC (independent) HQs by merging Patuk ADC and upgradation of Sarli CO to EAC; PWD:Creation of PWD sub-division at Nyapin with sanctioned one post each of AE (civil), UDC and LDC; Power: Creation of an electrical sub-division each at Nyapin and Monigaon; construction of circuit house at Koloriang, model anganwadi center-cum-geriatric care (old age), creation of Nyobia CD block and RWD division in Koloriang; infrastructural development of Sangram CHC- Ring Road from general ground to Chera Talo district hospital via VKV gate, Sebiangriang, district museum, CJM’s bungalow, Malapu, Taipa and multipurpose sports hall at Laying.

Recent News:

• In January 2025, Arunachal Pradesh Chief Minister Pema Khandu announced the establishment of a university-level institute focused on promoting and preserving indigenous culture, faith, and languages in collaboration with the US-based International Centre for Cultural Studies (ICCS).

About Arunachal Pradesh:

• Chief Minister: Pema Khandu
• Governor: D. Mishra
• Capital: Itanagar
• National Parks: Namdapha National Park, Mouling National Park, Mehao Wildlife Sanctuary, Eaglenest Wildlife Sanctuary,
• Wildlife Sanctuaries: Pakke Tiger Reserve, Kamlang Wildlife Sanctuary, Dampa Tiger Reserve, Daying Ering Wildlife Sanctuary

CURRENT AFFAIRS: NATIONAL NEWS

Pradhan Mantri Fasal Bima Yojana (PMFBY) Marks 9 Years: Strengthening Agricultural Resilience

• On February 18, 2025, the Pradhan Mantri Fasal Bima Yojana (PMFBY) celebrates its 9th anniversary, marking nearly a decade of providing financial security to Indian farmers.
• Launched in 2016 by Prime Minister Narendra Modi, PMFBY serves as a comprehensive crop insurance scheme, protecting farmers from natural calamities, pests, and diseases while encouraging the adoption of modern farming practices.

Key Highlights:

1. Scheme Continuation & Budget Allocation

• The Union Cabinet (January 2025) approved the extension of PMFBY & RWBCIS till 2025-26.
• Total budget allocated: ₹69,515.71 crore.

2. Difference Between PMFBY & RWBCIS

• PMFBY: Indemnity-based insurance (claims based on actual crop losses).
• Restructured Weather-Based Crop Insurance Scheme (RWBCIS): Weather index-based insurance (claims based on weather parameters like rainfall and temperature).

3. Technological Advancements in PMFBY

• Use of Satellite Imagery, Drones, UAVs, and Remote Sensing for:
  • Crop area estimation and yield assessment.
  • Loss assessment for insurance claims.
  • Crop Cutting Experiments (CCEs) via CCE-Agri App, directly linked to the National Crop Insurance Portal (NCIP).
• YES-TECH (Yield Estimation System Based on Technology) introduced in Kharif 2023, blending manual & technology-based yield estimation for faster & accurate claim settlements.

4. Key Benefits for Farmers

• Affordable Premiums:
  • Kharif crops: 2%
  • Rabi crops: 1.5%
  • Annual Commercial/Horticultural crops: 5%
  • Government subsidizes the remaining premium.

Government approves Pradhan Mantri Annadata Aay Sanrakshan Abhiyan (PM-AASHA) Scheme till 2025-26 during the 15th Finance Commission cycle

• The Government of India has extended the Pradhan Mantri Annadata Aay Sanrakshan Abhiyan (PM-AASHA) till 2025-26 to ensure that farmers receive fair prices for their produce during the 15th Finance Commission Cycle.
• This initiative plays a vital role in stabilizing food prices, benefiting farmers and consumers.

Key Highlights:

1. Key Components of PM-AASHA

• Price Support Scheme (PSS):
  • Government procures pulses, oilseeds, and copra at Minimum Support Price (MSP).
  • Procurement is done through NAFED and NCCF from pre-registered farmers.
• Price Stabilization Fund (PSF):
  • Helps manage price volatility by maintaining buffer stocks of pulses and onions.
• Price Deficit Payment Scheme (PDPS):
  • Farmers receive compensation for price differences between MSP and market price.
  • Encourages oilseed production and ensures income stability.

2. Increased Financial Commitment to Farmers

• The procurement ceiling was raised to 25% of national production under PSS.
• 100% procurement commitment for Tur, Urad, and Masur during the 2024-25 season.
• Financial guarantee increased to ₹45,000 crore to enhance procurement efficiency.

3. Latest Developments in PM-AASHA (2024-25)

• Procurement of Tur (Arhar) approved in nine states under PSS for Kharif 2024-25.
• Target set at 13.22 lakh metric tonnes (LMT) to benefit thousands of farmers.
• As of February 15, 2025, 0.15 LMT of Tur procured in Andhra Pradesh, Karnataka, Maharashtra, and Telangana, benefiting 12,006 farmers.

CURRENT AFFAIRS: AWARDS AND HONOURS

N. Chandrasekaran Awarded Honorary Knighthood by the United Kingdom: A Milestone in UK-India Business Relations

• N. Chandrasekaran, Chairman of Tata Group, was conferred with an honorary knighthood by the United Kingdom.
• This prestigious honor recognizes his outstanding contributions to strengthening the economic and business ties between India and the UK.

Key Highlights for Exam Perspective:

1. Reasons for Award

• Pivotal role in expanding UK-India trade relations.
• Under Chandrasekaran’s leadership, Tata Group has significantly invested in the UK.
  • Key sectors: Steel, Automobiles, and Technology.
  • Jaguar Land Rover (JLR) and a new electric vehicle battery plant in the UK.
• The award recognizes his strategic efforts in fostering strong business connections and creating jobs and technological collaboration in the UK.

2. Previous International Recognitions

• Chevalier de la Légion d’Honneur (May 2023) from France for his role in strengthening Indo-French business ties.
• Honorary Doctorate (September 2013) from Nyenrode Business Universiteit, Netherlands for his contributions to business and society.

3. Impact on Tata Group’s Global Presence

• The honorary knighthood enhances Tata Group’s global stature, reinforcing its presence in over 100 countries.
• The award signals continued cooperation between India and the UK, particularly in sectors like automotive, technology, and infrastructure.
• It bolsters Tata Group’s credibility in international markets, aligning with the UK’s economic priorities in innovation and sustainability.

CURRENT AFFAIRS: APPOINTMENTS & RESIGNATIONS

SBI Cards Announces Salila Pande as Its Next Managing Director & Chief Executive Officer

• SBI Cards and Payment Services has announced the appointment of Salila Pande as its new Managing Director and CEO, effective April 1, 2025, for a two-year term.
• This decision follows the upcoming retirement of the current MD & CEO, Abhijit Chakravorty, on March 31, 2025.
• Concurrently, SBI Cards has declared an interim dividend of ₹2.50 per share for the financial year 2024-25.
• The record date for this dividend is set for February 25, 2025, with payments expected to be processed by March 18, 2025.

About Salila Pande:

• Salila Pande is a seasoned banker with a career at the State Bank of India (SBI) since 1995, where she began as a probationary officer.
• She currently holds the position of Chief General Manager at SBI.
• Throughout her tenure, Pande has amassed extensive experience in international banking, retail banking, and risk management.
• Her notable roles include Vice President—Mid Office at SBI Singapore, Deputy General Manager (Business and Operations) in Delhi, and President & CEO of SBI California.
• In addition to her professional experience, Pande holds a postgraduate degree in physics.
• She is a Certified Financial Risk Manager (FRM) accredited by the Global Association of Risk Professionals (GARP), USA, and a Certified Associate of the Indian Institute of Bankers.

About SBI Cards and Payment Services:

• Headquarters: Gurugram, Haryana, India
• Founded: 1998
• CEO: Salila Pande (Effective April 1, 2025)
• Key Products: Credit Cards, Contactless Payments, EMI & Loan Services, Reward Programs, Co-Branded Cards, SBI Card Pay

Government Appoints Gyanesh Kumar as India’s Next Chief Election Commissioner

• Gyanesh Kumar, a retired Indian Administrative Service (IAS) officer from the 1988 Kerala cadre, has been appointed as India's 26th Chief Election Commissioner (CEC), effective February 19, 2025.
• He succeeds Rajiv Kumar, who retires upon reaching the age of 65.
• The selection was made by a three-member committee comprising Prime Minister Narendra Modi, Home Minister Amit Shah, and Leader of the Opposition Rahul Gandhi.
• During the selection meeting, Rahul Gandhi expressed objections, suggesting a delay until the Supreme Court's hearing on the new selection law scheduled for February 19, 2025.
• Despite this, the appointment proceeded as planned.
• Kumar's term as CEC is set to continue until January 26, 2029.
• During this period, he will oversee significant electoral events, including the 2029 Lok Sabha elections, 20 state assembly elections, and the Presidential and Vice-Presidential elections in 2027.
• This appointment marks the first under the new law governing the Election Commission's selection process, highlighting a significant development in India's electoral administration.

About Gyanesh Kumar:

• In March 2024, Kumar served as an Election Commissioner, contributing to the Election Commission's operations.
• He has held significant positions in the central government, including Secretary of Cooperation and Secretary of Parliamentary Affairs.
• Notably, as Additional Secretary in the Ministry of Home Affairs, he played a pivotal role during the abrogation of Article 370 in Jammu and Kashmir.

Janet E. Petro made history as the first woman to serve as NASA's Acting Administrator.

• Janet E. Petro made history as the first woman to serve as NASA's Acting Administrator.
• She is also the 11th director of the John F. Kennedy Space Center (KSC).

Key Highlights:

• Acting Administrator: In 2025, she was appointed by President Donald Trump as NASA’s Acting Administrator.
• Director of KSC: She has held the position of KSC Director since 2021, continuing to shape NASA's future.

• Born in Michigan, Raised Near KSC: Janet was born in Michigan, but her family moved to Florida when her father worked on NASA's Mercury and Gemini Programs.
• Educational Background: Graduated from the United States Military Academy at West Point in 1981 with a degree in engineering and was part of the second class to include women. Later earned an MBA from Boston University.

• Deputy Director at KSC: Janet joined NASA and became the first woman to serve as Deputy Director at the Kennedy Space Center.
• Key Role in Spaceport Transformation: She played a pivotal role in transforming KSC into a “multi-user spaceport,” enabling both NASA and private companies to use the facility.
• Leadership in NASA Headquarters: She also worked at NASA’s Washington, D.C., headquarters managing critical projects and overseeing thousands of employees.

Awards and Honors:

• Florida Women’s Hall of Fame (2018): Inducted for her significant contributions.
• Samuel J. Heyman Service to America Medal (2019): Awarded for Management Excellence.
• Additional Honors: Janet has also received the President’s Distinguished Executive Award and the Silver Snoopy Award, given by astronauts for exceptional performance.

About NASA:

• Founded: July 29, 1958 (by the National Aeronautics and Space Act)
• Operational Since: October 1, 1958
• Headquarters: Washington, D.C., United States
• Administrator: Janet Petro

CURRENT AFFAIRS: ACQUISITION & MERGER

360 ONE Asset to acquire 15% stake in Bharti AXA Life Insurance

• 360 ONE Asset, formerly known as IIFL Asset Management, is set to acquire a 15% stake in Bharti AXA Life Insurance.
• This strategic investment aims to unlock new avenues for innovation and expand Bharti AXA's footprint in India's competitive life insurance sector.
• The deal is currently pending regulatory approvals.
• Bharti AXA Life Insurance, now a wholly-owned subsidiary of the Bharti Group, plans to utilize this investment to accelerate its efforts in enhancing product offerings and catering to evolving consumer needs.
• This move comes after Bharti Life Ventures Private Limited acquired AXA's 49% stake in March 2024, gaining full ownership of the company.
• In the fiscal year 2023-24, Bharti AXA reported a net loss of ₹145 crore, an improvement from the ₹203 crore loss in the previous year, attributed to higher investment income.
• The company's solvency ratio stood at 1.64x as of June 30, 2024, slightly above the regulatory requirement of 1.5x.
• This investment by 360 ONE Asset is expected to bolster Bharti AXA's financial position, enabling it to innovate and expand its market presence in the Indian life insurance industry.

About Bharti AXA Life Insurance:

• Founded: 2006
• Headquarters: Mumbai, Maharashtra, India
• CEO: Parag Raja
• Products: life insurance plans, savings plans, term insurance, and Unit-Linked Insurance Plans (ULIPs).

About 360 ONE Asset:

• Founded: 2008
• Headquarters: Mumbai, Maharashtra, India
• CEO: Karan Bhagat
• Products: Wealth management, asset management, alternative investments, portfolio management services (PMS), mutual funds, and private equity.

CURRENT AFFAIRS: ENVIRONMENT NEWS

Researchers Discovered Two New Goby Fish  Species in Andra Pradesh

• The Zoological Survey of India (ZSI) discovered two species of goby fish, Hemigobius hoevenii and Mugilogobius tigrinus, at the Coringa Wildlife Sanctuary near Kakinada, Andhra Pradesh.
• These species had not been previously recorded in the state of Andhra Pradesh.

Key Highlights:

• First Record of M. tigrinus: Mugilogobius tigrinus is recorded along the eastern coastline of India for the first time.
• Ecological Importance: Gobies, especially in estuarine areas and mangroves, play an important role in the ecosystem. They are integral parts of the food chain and can serve as indicators of environmental health.
• India has 135 species of gobies along its coasts, with 95 species found in estuarine and mangrove habitats.

CURRENT AFFAIRS: SPORTS NEWS

Olympic Esports Games: Saudi Arabia to Host Historic Event in 2027

• In July 2023, the International Olympic Committee (IOC) made a pioneering decision to introduce the Olympic Esports Games, bridging the worlds of esports and traditional sports.
• Saudi Arabia has been selected as the host country for the first-ever Olympic Esports Games in 2027, marking a historic milestone in the global gaming industry.
• The event will be organized in collaboration with the Saudi Olympic and Paralympic Committee (SOPC) and supported by the Esports World Cup Foundation (EWCF), the Founding Partner of the games.

Key Points of the Development:

Launch of the Olympic Esports Games

• IOC Announcement: The Olympic Esports Games were officially created in July 2023 by the IOC.
• Goal: The event aims to innovate esports, expand global opportunities for players, and integrate esports with traditional sports.

Host Country and Partners

• Host Country: Saudi Arabia has been chosen to host the inaugural Olympic Esports Games in 2027.
• Founding Partner: The Esports World Cup Foundation (EWCF) will be the Founding Partner, playing a key role in organizing the event.

Committee Formation

• A joint committee has been formed between the IOC and SOPC to oversee the event's development, co-chaired by IOC Member Ser Miang Ng and HRH Prince Abdulaziz.

Saudi Arabia’s Growth in Sports

• Since 2015, Saudi Arabia has hosted over 100 international events, including esports and traditional sports like football, motorsports, and tennis. This growth highlights Saudi Arabia's commitment to expanding its sports infrastructure and global presence.

About Saudi Arabia:

• Capital: Riyadh
• Currency: Saudi Riyal
• King: Salman bin Abdulaziz Al Saud

Indonesia Wins First-ever Asia Mixed Team Badminton Championship

• In a historic victory, Indonesia claimed its first-ever Asia Mixed Team Badminton Championship title by defeating defending champions China with a 3-1 win at the Conson Sports Centre in Qingdao, China.
• This victory marks a significant milestone in Indonesia's badminton legacy, breaking China's dominance in the tournament.

Key Highlights of the Championship:

1. Final Match

• Teams: Indonesia vs China
• Result: Indonesia wins 3-1
• Venue: Conson Sports Centre, Qingdao, China
• Indonesia’s Key Wins:
  • Men’s Doubles (Decisive Match):
    • Muhammad Shohibul Fikri & Daniel Marthin (Indonesia) defeated Chen Xujun & Huang Di (China) with a dominant score of 21-15, 21-9, sealing Indonesia's historic win.
  • Mixed Doubles:
    • Rinov Rivaldy & Siti Fadia Silva Ramadhanti (Indonesia) secured an early lead by defeating Gao Jiaxuan & Wu Mengying (China).

2. Other Key Tournament Outcomes

• Bronze Medal Winners: Japan & Thailand

3. Defending Champions' Past Performances

• 2023: China defeated South Korea 3-1 in Dubai.
• 2019: China won against Japan 3-2 in Hong Kong.

4. Past Champions

• 2017: Japan won the inaugural edition by defeating South Korea 3-0 in Ho Chi Minh City.
• 2021: Tournament was canceled due to the COVID-19 pandemic.

Recent News:

• The 9th Asian Winter Games were held in Harbin, Heilongjiang Province, China, from February 7 to February 14, 2025.
• Panama has officially announced its withdrawal from China’s Belt and Road Initiative (BRI), marking a significant geopolitical realignment.
• In a significant move to bolster bilateral ties, India and Indonesia have signed five Memorandums of Understanding (MoUs) during Indonesian President Prabowo Subianto’s official visit to New Delhi from January 23 to 26, 2025.
• Indonesia has officially become a full member (10th) of the BRICS group of emerging economies

About China:

• Capital: Beijing
• President: Xi Jinping
• Currency: Yuan

About Indonesia:

• Capital: Jakarta
• President: Prabowo Subianto
• Currency: Rupiah

Manu Bhaker Wins BBC Indian Sportswoman of the Year 2024

• Manu Bhaker, an Olympic medal-winning shooter, has been named the BBC Indian Sportswoman of the Year (ISWOTY) 2024.
• The award, organized by the British Broadcasting Corporation (BBC), recognizes outstanding Indian female athletes for their achievements in the past year.

About the BBC ISWOTY Award:

• Annual award celebrating female athletes in India.
• Fifth edition of the award.
• Nominees selected by a panel of sports journalists and experts, followed by public voting.
• Other nominees for 2024: Aditi Ashok (golf), Avani Lekhara (para-shooting), Smriti Mandhana (cricket), and Vinesh Phogat (wrestling).

Manu Bhaker’s Historic Feat at Paris 2024 Olympics:

• First Indian woman to win an Olympic medal in shooting – bronze in women's 10m air pistol.
• Won a second bronze with Sarabjot Singh in the mixed 10m air pistol event.
• Became first Indian to win two Olympic medals at a single Games post-independence.
• Joins Norman Pritchard (Paris 1900) as one of the only Indians with multiple medals at a single Summer Games.

Past BBC ISWOTY Winners

• 2019 – PV Sindhu (badminton)
• 2020 – Koneru Humpy (chess)
• 2021 & 2022 – Mirabai Chanu (weightlifting)
• 2023 – No awards held

Other BBC Awards 2024 Winners

• Indian Para-Sportswoman of the Year – Avani Lekhara (shooting)
• Emerging Player of the Year – Sheetal Devi (archery)
• Lifetime Achievement Award – Mithali Raj (cricket)

CURRENT AFFAIRS: OBITUARIES

Pratul Mukhopadhyay: A Musical Legend Passes Away at 83

• Pratul Mukhopadhyay, the renowned Bengali vocalist, composer, and lyricist, passed away at the age of 83, leaving an indelible mark on Bengal’s music scene.
• Known for his soulful and revolutionary songs, Mukhopadhyay’s works like "Ami Banglar Gaan Gai" and "Dinga Bhasao Re" became iconic, representing the cultural identity of West Bengal.

About Pratul Mukhopadhyay:

• Mukhopadhyay’s death coincided with the death anniversaries of two other Bengali legends—Sandhya Mukhopadhyay and Bappi Lahiri. This tragic coincidence added to the sorrow of Bengal’s music lovers, marking a profound loss for the music industry.
• Mukhopadhyay’s love for music began at a young age. By the age of 12, he composed his first song, "Ami Dhan Katar Gaan Gai," based on a poem by Mangalcharan Chattopadhyay.
• His compositions displayed a deep understanding of human emotions, nature, and the socio-political landscape. Mukhopadhyay was a self-taught artist, making his work unique in the Bengali music industry.

Notable Works and Legacy

Some of Mukhopadhyay’s most famous songs include:

• "Ami Banglar Gaan Gai" – A powerful anthem of Bengali heritage.
• "Dinga Bhasao Re" – A tribute to the rural spirit of Bengal.
• "Ek Je Chhilo Burun" – A memorable track from the film Gosain Baganer Bhoot.

C Krishnaveni: Veteran Telugu Actor and Producer Passes Away at 102

• C Krishnaveni, a pioneering figure in Telugu cinema, passed away at the age of 102 in Hyderabad due to age-related issues. She is celebrated for her immense contributions to the film industry, including introducing NT Rama Rao (NTR) and Ghantasala Venkateswara Rao to the silver screen.
• Her legacy spans acting, singing, and film production.

Birth and Early Career:

• Born in West Godavari, Andhra Pradesh.
• Made her acting debut in 1938 with Kacha Devayani.
• Featured in over 40 films throughout her career.

• Introduced Nandamuri Taraka Rama Rao (NTR) through Mana Desam.
• Played a key role in launching singer Ghantasala Venkateswara Rao.

• Owned a family studio and produced around a dozen films, including Bhisma and Daksha Yagnam.

• Honored with the Raghupathi Venkaiah Award in 2004 for her contributions to the film industry.

• Known for singing in films, including Keelu Gurram.
• Also lent her voice to songs performed by Anjali Devi in Keelu Gurram.

Daily CA One- Liner: February 19

• Tata Capital plans to raise ₹15,000 crore ($1.72 billion) through debt, including green bonds and non-convertible debentures (NCDs).
• PhonePe becomes the first to offer this device tokenization solution to all merchants, making it a significant milestone in the payment industry.
• South Indian Bank has rolled out a new service, ‘SIB Quick FD’, which allows individuals to start a fixed deposit without needing to open a savings account with the bank.
• Life Insurance Corporation (LIC) has launched the ‘Smart Pension’ plan, effective from February 18, 2025.
• Chief Minister Pema Khandu along with his Council of Ministers and chief secretary released the Deputy Commissioners’ Conference (DCC) Outcome Report after a Cabinet meeting.
• SBI Cards and Payment Services has announced the appointment of Salila Pande as its new Managing Director and CEO, effective April 1, 2025, for a two-year term.
• Gyanesh Kumar, a retired Indian Administrative Service (IAS) officer from the 1988 Kerala cadre, has been appointed as India's 26th Chief Election Commissioner (CEC), effective February 19, 2025.
• 360 ONE Asset, formerly known as IIFL Asset Management, is set to acquire a 15% stake in Bharti AXA Life Insurance.
• On February 18, 2025, the Pradhan Mantri Fasal Bima Yojana (PMFBY) celebrates its 9th anniversary, marking nearly a decade of providing financial security to Indian farmers
• The Government of India has extended the Pradhan Mantri Annadata Aay Sanrakshan Abhiyan (PM-AASHA) till 2025-26 to ensure that farmers receive fair prices for their produce during the 15th Finance Commission Cycle
• Chandrasekaran, Chairman of Tata Group, was conferred with an honorary knighthood by the United Kingdom
• Janet E. Petro made history as the first woman to serve as NASA's Acting Administrator.
• The Zoological Survey of India (ZSI) discovered two species of goby fish, Hemigobius hoevenii and Mugilogobius tigrinus, at the Coringa Wildlife Sanctuary near Kakinada, Andhra Pradesh
• In July 2023, the International Olympic Committee (IOC) made a pioneering decision to introduce the Olympic Esports Games, bridging the worlds of esports and traditional sports
• In a historic victory, Indonesia claimed its first-ever Asia Mixed Team Badminton Championship title by defeating defending champions China with a 3-1 win at the Conson Sports Centre in Qingdao, China.
• Manu Bhaker, an Olympic medal-winning shooter, has been named the BBC Indian Sportswoman of the Year (ISWOTY) 2024
• Pratul Mukhopadhyay, the renowned Bengali vocalist, composer, and lyricist, passed away at the age of 83, leaving an indelible mark on Bengal’s music scene
• C Krishnaveni, a pioneering figure in Telugu cinema, passed away at the age of 102 in Hyderabad due to age-related issues. She is celebrated for her immense contributions to the film industry, including introducing NT Rama Rao (NTR) and Ghantasala Venkateswara Rao to the silver screen