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February 27, 2018

25th February 2018 Events - Important Daily Current Affairs

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Dear Great Ambitionists, here are today's (25th February 2018) Important Current Affairs updates. Happy Reading :)

Daily Current Affairs of 25th February 2018

International Current Affairs
  • India was ranked 81st among 180 countries in Transparency International's Corruption Perception Index (CPI) 2017.
    • India has dropped by two ranks from 79th slot in CPI 2016.
    • Top 5 in the List :
    • New Zealand
    • Denmark
    • Finland
    • Norway
    • Switzerland
  • China's ruling Communist Party today proposed a constitutional reform to allow President Xi Jinping to stay in office indefinitely
    • The party came up with a proposal to remove a clause limiting presidential service to two terms in office.
National Current Affairs
  • During his monthly address on Mann Ki Baat, Prime Minister Narendra Modi today announced that the newly-launched GOBAR-Dhan scheme would make the farmers more self-reliant apart from converting ‘waste to energy.’
    • About GOBAR-Dhan Scheme
      • GOBAR-DHAN : Galvanizing Organic Bio-Agro Resources Dhan
      • 1st announced in : Union Budget 2018
      • Aim of GOBAR-DHAN : To collect cattle and solid waste from farmers for sale to entrepreneurs who will convert it into manure, biogas and bio-CNG. 
      • Will be be rolled out in : April 2018
  • Union Human Resource Development Minister Prakash Javadekar today announced that the NCERT syllabus will be reduced to half from the 2019 academic session
    • The move is aimed at ensuring that students get time to pursue other activities for their all-round development. 
Deaths
  • Veteran Bollywood actress Sridevi (54) passed away in Dubai.
    • Sridevi was last seen in the movie MOM produced by her husband Boney Kapoor.
Science & Technology
  • The Defence Research and Development Organisation (DRDO) successfully ran a test flight of India-made Rustom 2, which is developed along the lines of US' Predator drones. 
    • With a 24-hour flying capacity, Rustom 2 can conduct sustained surveillance and carry weapons along with surveillance equipment.
  • Indian multinational information technology (IT) provider, Tech Mahindra has set up a lab in Bengaluru in association with US chipmaker Intel to prepare for 5G services.
    • The company expects to roll out 5G services by 2019.
Banking, Business & Economic Affairs
  • Following the PNB fraud, the Reserve Bank of India (RBI) has asked banks to integrate SWIFT interbank messaging system with Core Banking Solution (CBS) by April 30. 
    • SWIFT network is used by financial institutions worldwide to securely transmit information and instructions using a system of codes. 
    • CBS is a software that supports the daily transactions and accounts within a bank internally.
  • Finance Minister Arun Jaitley has ruled out privatisation of public sector banks as a response to the $1.77-billion PNB fraud.
    • Note : Industry bodies Assocham and FICCI and businessmen including Adi Godrej and Rahul Bajaj had called for privatisation.
  • To protect domestic producers, the Indian government  has imposed an anti-dumping duty on import of ceramic tableware and kitchenware from China for five years starting June 2017. 
    • They will attract an anti-dumping duty of $1.04 (₹67.3) per kg, making the imports expensive. 
    • Note : An anti-dumping duty is a tariff imposed on imports that are priced below fair market value.
Sports Current Affairs
  • The 2018 Winter Olympics concluded in Pyeongchang, South Korea.
    • Norway ended the event as the top medal-winning nation with 14 gold, 14 silver, and 11 bronze medals. 
    • Germany ended the event at the second position with 14 gold, 10 silver, and seven bronze medals. 
    • India was represented by two male athletes, who competed in the luge and cross-country skiing events. 
    • India's first woman International Olympic Committee member Nita Ambani presented medals to the top two finishers of Alpine Skiing team event.
    • Important Details of Winter Olympics 2018 
    • Motto : Passion, Connected.
    • Officially Opened by : Moon Jae-in (President of South Korea)
    • Participated Nations : 92
    • Total Events : 102 
    • Total Sports : 15
    • Starting Date : 9th February
    • End Date : 25th February
    • Top Medal Winning Nation : Norway
  • Reigning Commonwealth Games champion Parupalli Kashyap won the Men's singles title in the Austrian Open International Challenge 2018 by defeating Malaysia's June Wei Cheam.
    • This is Kashyap's first international title in over three years. 
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