Important Current Affairs 24th February 2018

Important Current Affairs 24th February 2018

Current Affairs 24th February 2018: NATIONAL NEWS

Modi plans to launch scooters for women in half price
 
●        Prime Minister Narendra Modi launched a special scheme on Saturday.
●        Under this, subsidy will be given to working women for buying scooters.
●        This scheme has been started on the occasion of 70th birth anniversary of Tamil Nadu's popular leader Jayalalithaa.
●        Modi did this in the presence of Tamil Nadu Chief Minister Palaniswamy and O Panneerselvam.

Shramodya School will be built on the lines of public school
 
●        The government will construct Sharmodaya Vidyalaya on the lines of public school in four big cities, Bhopal, Jabalpur, Gwalior and Sehore.
●        The special feature of this school will be that it will be for the children of the workers.
●        Not only this, the government will also provide free coaching arrangements for talented children for competitive examinations.
●        This announcement was made by CM Shivraj Singh Chauhan while addressing the Workers' Conference in Jabalpur.
 
International Mahashivratri Festival

●        The international Shivratri Festival -2018 in the small Kashi is done on Thursday.
●        This seven-day festival, which started with Jaleb of Aradh Dev Dev Raj Madhora, was inaugurated by CM Jayaram Thakur.
●        Hundreds of Gods joined the Jaleb in Madurai and made the small Kashi devamai.
●        The Chief Minister inaugurated the fair after leaving the balloons at Paddal Maidan.

 Nandan Nilekani will build IT infrastructure for health insurance project

●        IT veteran and tech investor TV Mohandas Pai on Friday said that only Nandan Nilekani can help the central government in preparing the IT infrastructure for the National Health Protection Scheme in less time .
●        He said that he can not think of anyone else's names in the world except Nilekani for this work.
●        This month, Finance Minister Arun Jaitley announced the budget allocation for NHPC to be allocated in the budget.
●        Under this, health insurance of 5 million members of 100 million families will be given 5 lakhs .

Current Affairs 24th February 2018: SCIENCE AND TECHNOLOGY

Land Rover Launches Smartphone

●        The Royal Car maker Land Rover has launched a smartphone.
●        This is the world's strongest smartphone ever.
●        This phone is waterproof.
●        The phone is offered at $ 649 or about 42,000 rupees.

Inauguration of the country's first 4G LTE telecom system
 
●        Telecom Minister Manoj Sinha introduced India's first locally developed 4G / LTE Telecom system.
●        This system is designed by VNL Ltd, the country's largest telecom equipment manufacturer.
●        It has been specially designed keeping in view the high speed connectivity in rural areas.

 Conducting workshop on a similar open area license policy of hydrocarbon excavation

●        A successful workshop was organized by the government in Ahmedabad to provide information about the uniform open area licensing policy of hydrocarbon excavation to the potential investors and information about the tender process.
●        In this workshop organized by the Directorate of Hydrocarbons, more than 150 excavations and production companies, investors, entrepreneurs and academicians participated, including the Director General of Hydrocarbons (DGH) and senior government officials.

Current Affairs 24th February 2018: ECONOMY

389 crore fraud in Oriental Bank of Commerce
 
●        After the Nirav Modi and Mehul alert, the alleged fraud of another diamond trader has come out.
●        Central Bureau of Investigation (CBI) has filed a lawsuit against a Diamond Jewelry Exporter of Delhi in the bank loan fraud of 389.85 crore in the Oriental Bank of Commerce (OBC).
●        The CBI has taken this action on Dwarka Das Seth International Pvt Ltd in this case.
●        This includes the names of the company, its directors, Sribha Seth, Rita Seth, Krishna Kumar Singh, Ravi Singh and another company Dwarka Das Seth SEZ Incorporation.
 
 
Business Parks for Small Businesses
 
●        The Central Government is contemplating to build such business parks, where small businessmen can run their business by leasing or leasing.
●        The Ministry of Micro, Small and Medium Enterprises (MSME) has prepared a proposal for this effect, which will be placed in the meeting of the National Board for Micro, Small and Medium Enterprises.
●        According to the agenda prepared by the Ministry of MSME for the meeting, the State Governments will be encouraged to mark Mid-size Land Parcel in the Urban and Mid-Urban Areas in their State, so that there is a need to develop SMEs And Medium Enterprises).
 
With the cyber crime in 2017, the world has lost Rs 39 lakh crore

●        The world has crossed Rs 39 lakh crore last year Loss of
●        This claim is made by Global Cyber Security firm McAfee and Center for Strategic and International Studies in the report called the Economic Impact of Cybercrime-No Slowing Down.
●        Russia is at the forefront of cyber crime.
●        North Korea is the number after Russia.

India's Chandrayaan-2 mission only in 800 crores
 
●        India's next Chandrayaan-2 mission will be cheaper than Hollywood's interstellar-made movie on 2014 in space.
●        800 crores spent on the Chandrayaan-2 mission, while the Hollywood movie Interstellar budget was about Rs 1,062 crore.
●        Earlier, the Mars mission of ISRO launched in 2013 was Rs 470 crores, while the budget of the Hollywood film Gravity this year was 644 crores.
  
 
E-way bill for interstate transport
 
●        Under the Goods and Services (GST) arrangements, the use of the necessary electronic vouchers for transport of goods from one state to another for transporters should be implemented from April 1.
●        A group of finance ministers of states formed under GST Council have recommended this on Saturday.
●        Chief Minister of the Group and Bihar Deputy Chief Minister Sushil Kumar Modi said that this system, essential for the inter-state transport of goods worth more than Rs. 50,000, will be implemented in a phased manner while estimating the response.
●        GST was implemented in the country on July 1, 2017.
 
 
Economic Times Global Business Conference
 
●        Prime Minister Shri Narendra Modi addressed the Economic Times Global Business Conference in New Delhi today.
●        The subject of his speech was - New Economy - New Rule.
●        The Prime Minister presented facts and figures to show India's important role in overall global growth.
●        India's share in World GDP increased from 3.1 percent in 2017, which was 2.4 percent in 2013. 

 
12.9% increase in budget allocation of Ministry of Social Justice and Empowerment

●        In the Union Budget for the year 2018-19, the budget provision of the Social Justice and Empowerment Ministry has been increased by 12.10 percent.
●        The Ministry had allocated Rs 6908.00 crores in the year 2017-18, whereas for the year 2018-19 this amount has been increased to Rs. 7750.00 crores.
●        In addition, in the ratio of 2017-18 in the year 2018-19, the budget allocation for schemes has been increased by 11.57%.

 
The bullion depository has about 4600 tonnes of gold
 
●        A large part of the US Official Gold Reserve is kept in the Boolean depository in Fort Knox, Kentucky.
●        Its volume is around 4600 tons.
●        Fork Knox is an Army Post, which extends over 109,000 acres.
●        The gold vault contained in it is surrounded by thick granite walls.
●        It is one of the safest buildings in the world.

Current Affairs 24th February 2018: GLOBAL NEWS

Trump is the worst president of American history
 
●        200 political experts and the people of the United States have chosen Donald Trump to be America's 229-year-oldest democratically elected president.
●        In the Great President Survey, Trump remained at the 44th position.
●        In this survey, US presidents were given marks in 100 of their achievements, failures, disputes, image and their tenure based on the conditions of the country. 1
●        Former President Obama secured 8th rank with 71 points in the survey.