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GK Update

Tue 18 Feb, 2025

National News

Second All India State Water Ministers' Conference

  • The second All India State Water Ministers' Conference is being held in Udaipur, Rajasthan, from February 18 to 19, 2025.
  • The first All India Water Ministers' Conference was held in Bhopal in January 2023.

Related Facts:

  • This conference is focused on the theme "Water Vision @2047 – The Way Forward" and aims to shape India's water security future.
  • Various state water ministers, policymakers, and experts will participate in this conference.
  • The main objective of this conference is to discuss water management and conservation.

'Malaysia Food and Cultural Festival-2025' Organized

  • The 'Malaysia Food and Cultural Festival-2025' is being organized in India from February 17 to 23.
  • The festival was inaugurated by H.E. Dato' Muzafar Shah Mustafa, High Commissioner of Malaysia to India, and Ahmad Johanif Mohammad Ali, Director of Tourism Malaysia Delhi.

Malaysia:

  • Location: A Southeast Asian island nation
  • Official Name: Malaysia
  • Capital: Kuala Lumpur
  • Current Administrative Capital: Putrajaya (home to government and administrative offices)
  • Official Language: Malay (Bahasa Malaysia)
  • Currency: Malaysian Ringgit (MYR)
  • National Day: August 31 (Independence Day)
  • Maritime Borders: South China Sea, Strait of Malacca, Sulu Sea
  • Geography:
  • Peninsular Malaysia (West Malaysia)
  • East Malaysia (Sabah & Sarawak on Borneo Island)

Leadership:

  • Sultan: Ibrahim Iskandar of Johor
  • Title: 17th Yang di-Pertuan Agong (commonly referred to as "King of Malaysia")

National Geospatial Knowledge-Based Land Survey of Urban Settlements

  • The Ministry of Rural Development has launched the National Geospatial Knowledge-Based Land Survey (NAKSHA) in 152 urban local bodies across 26 states and 3 union territories.

Relevant Facts:

 

 

  • The Department of Land Resources under the Ministry of Rural Development, Government of India, has initiated this pilot program.
  • The NAKSHA program aims to create and update land records in urban areas to ensure accurate and reliable documentation of land ownership.
  • The Survey of India is the technical partner for the NAKSHA program.
  • The estimated cost of the NAKSHA pilot program is around ₹194 crore.

Meeting on ‘Recognizing Progressive Disabilities – Adopting a Holistic Approach to Disability Rights’

  • The National Human Rights Commission (NHRC), India, organized a core group meeting in hybrid mode in New Delhi on the topic ‘Recognizing Progressive Disabilities – Adopting a Holistic Approach to Disability Rights.’

National Human Rights Commission (NHRC):

Established: October 12, 1993 (Under the Protection of Human Rights Act, 1993) Headquarters: New Delhi

 

 

Objective: Protection and promotion of human rights in India

9th Anniversary of Pradhan Mantri Fasal Bima Yojana (PMFBY):

  • Pradhan Mantri Fasal Bima Yojana (PMFBY) celebrated its 9th anniversary on February 18, 2025.
  • The scheme was launched by Prime Minister Narendra Modi on February 18, 2016.

Related Facts:

  • In January 2025, the Union Cabinet approved the continuation of the Pradhan Mantri Fasal Bima Yojana (PMFBY) and the Weather-Based Crop Insurance Scheme with a budget of ₹69,515.71 crore for the period 2025-26.

Premium Rates:

  • Kharif food and oilseed crops: 2% premium
  • Rabi food and oilseed crops: 1.5% premium
  • Commercial or horticultural crops: 5% premium

This scheme covers crop losses due to natural calamities, pests, diseases, hailstorms, and landslides.

Panchayat Devolution Index Report

  • The Indian Institute of Public Administration (IIPA) has conducted a study on the status of Panchayats across the country and submitted the "Panchayat Devolution Index Report" to the Ministry of Panchayati Raj.
  • The report ranks the states based on the empowerment and efficiency of their Panchayats.

Related Facts:

 

  • The evaluation was based on six key dimensions: Panchayat structure, functions, finance, officials, capacity building, and accountability.
  • The overall devolution of rural local bodies increased from 39.9% in the year 2013-14 to 43.9% in 2021-22.
  • Karnataka: The report ranked Karnataka at the top, highlighting it as a leading state in the empowerment of Panchayats.
  • Uttar Pradesh: Uttar Pradesh made a significant leap, moving from 15th to 5th place over the past 10 years, due to its efforts in empowering rural local bodies and effectively implementing central government schemes.
  • Southern States: States like Karnataka, Kerala, Tamil Nadu, and Maharashtra have performed excellently, showing a significant contribution to the empowerment of Panchayats.

8th Edition of Pariksha Pe Charcha:

  • In the 8th edition of Pariksha Pe Charcha, renowned sports personalities like Mary Kom, Suhas Yatiraj, and Avani Lekhara interacted with students and shared valuable tips with them.

'Pariksha Pe Charcha (PPC)':

  • Initiated by: Prime Minister Narendra Modi
  • Objective: To reduce stress during exams and encourage students, parents, and teachers to adopt a positive approach.
  • First Event: February 2018 (New Delhi, Talkatora Stadium)
  • Registrations for 8th Edition: 3.56 crore
  • Participation: 1.42 crore students, 12.81 lakh teachers, and 2.94 lakh schools.

Economy and Banking

India's Economic Growth and Political Stability: Report

  • A recent report highlights the significant role of political stability in India's economic growth. Specifically, the strong government of the National Democratic Alliance (NDA) has played a crucial role in effectively implementing economic policies and reforms, which has boosted market confidence.

India's Economic Growth Projections by Various Agencies:

 

 

  • Bank of Baroda: Projects a 6.8% growth in the fiscal year 2025-26.
  • National Statistical Office (NSO): Forecasts a 6.4% GDP growth in 2024-25.
  • United Nations (UN DESA): Estimates a 6.6% growth for 2025.
  • IMF: Projects a 6.5% growth for 2025-26.

India's Trade Deficit:

  • According to the data released by the Ministry of Commerce on February 17, 2025, imports increased by 10.28% year-on-year, reaching $59.42 billion, resulting in a trade deficit of $22.99 billion.
  • Due to volatility in petroleum prices and global uncertainties, India's exports declined by 2.38% to $37.32 billion in January, marking the third consecutive month of decrease.

Related Facts:

 

  • Exports and Imports: From April to January 2024, exports grew by 1.39% to $358.91 billion, while imports increased by 7.43% to $601.9 billion.
  • Trade Deficit: The trade deficit stood at $242.99 billion, up from $21.94 billion in December and $16.55 billion in January 2024.
  • Goods and Services Exports: Exports are expected to exceed $800 billion in 2025-26, compared to $778 billion in 2023-24.
  • Gold Imports: Gold imports in January 2024 rose to $2.68 billion, compared to $4.7 billion in December 2024.
  • Crude Oil Imports: Crude oil imports decreased to $13.43 billion in January 2024, from $15.27 billion in December 2024.

SEBI Introduces New Industry Standards for Listed Entities

  • The Securities and Exchange Board of India (SEBI) has introduced new industry standards related to Related Party Transactions (RPT) for listed entities.
  • The primary aim of this new regulation is to enhance transparency and accountability in related party transactions among listed entities.

Securities and Exchange Board of India (SEBI):

  • The supreme body regulating the securities market (stock market) in India.
  • Establishment: April 12, 1988 (as a non-statutory body), January 30, 1992 (as a statutory body).
  • Headquarters: Mumbai, Maharashtra.
  • Act: Securities and Exchange Board of India Act, 1992.
  • Chairperson: Madhabi Puri Buch.

Mutual Credit Guarantee Scheme:

  • The Ministry of Finance has launched the 'Mutual Credit Guarantee Scheme for MSMEs,' which was announced in the Union Budget 2024-25 to promote micro, small, and medium enterprises (MSMEs).
  • Under this scheme, entrepreneurs in the MSME sector can avail loans of up to ₹100 crore for plant and machinery with 60% guarantee coverage.

Key Features of the Mutual Credit Guarantee Scheme:

  • Loan Limit: Up to ₹100 crore
  • Objective: To provide financial assistance to MSMEs for plant, machinery, and equipment
  • Repayment Period: 8 years for loans up to ₹50 crore, with a 2-year moratorium
  • Advance Contribution: 5% of the loan amount
  • Annual Guarantee Fee: 1.5% for the first 3 years, followed by 1% per year
  • Term: 4 years or up to ₹7 lakh crore in guarantee
  • Guarantee Coverage: 60%

APEDA Sends First Commercial Test Shipment to Australia

  • The Agricultural and Processed Food Products Export Development Authority (APEDA), in collaboration with Agrostar and KB Exports, has sent the first commercial test shipment of premium Sangola and Bhagwa pomegranates from India to Australia.

Related facts:

First shipment: 6 December 2024 – 13 January 2025, 5.7 MT (1,900 boxes) of premium pomegranates shipped from Solapur, Maharashtra to Sydney. Second shipment: January 6, 2025, 6.56 metric tonnes (1,872 boxes) of saffron pomegranates arrived in Brisbane. Agreement: India signed the Action Plan and SOP for Pomegranate export to Australia in February 2024.

India's Smartphone Exports in January

  • India's smartphone exports surged by 140% in January compared to the same period last year. According to industry estimates, exports earned a record ₹25,000 crores (3 billion USD), with major contributions from top technology companies like Apple and Samsung, which increased their shipments from India to international markets.

Related Facts:

  • Smartphone Export Estimates: Smartphone exports are expected to reach ₹1,35,439 crores in FY 2024, and ₹2,25,000 crores ($25.92 billion) by 2025.
  • Apple's Contribution in January: Apple contributed 70% of the total shipments.

Key Suppliers:

  • Foxconn: ₹8,334 crores ($960 million)
  • Tata Electronics: ₹6,945 crores ($800 million)
  • Pegatron: ₹4,341 crores ($500 million)
  • PLI Scheme: The PLI (Production Linked Incentive) scheme has boosted export growth.
  • Position of Smartphone Exports: From being ranked 167th in 2015, smartphone exports have become the second-largest export category in India by 2024.

Device Tokenization Solution: PhonePe

  • Fintech leader PhonePe has announced the launch of a device tokenization solution for credit and debit cards. This solution aims to enhance the security of card transactions by replacing sensitive card details with a unique token.

Related Facts:

 

 

  • The solution aims to make online transactions more secure and convenient.
  • It will allow users to tokenize their cards on the PhonePe app.
  • Tokenization is a process that replaces your card's sensitive information with a unique 'token,' enhancing transaction security.

PhonePe:

  • Establishment: December 2015
  • Headquarters: Bangalore
  • Key Feature: Started offering money transfer services via UPI (Unified Payment Interface) from August 2016.

famous face

Sheikh Tamim bin Hamad Al Thani

  • The Emir of Qatar, Sheikh Tamim bin Hamad Al Thani, is on a two-day visit to India from 17th February 2025. This is his second visit to India after March 2015.

Qatar:

  • Official name: State of Qatar
  • Capital: Doha
  • Main language: Arabic (English is also widely spoken)
  • Currency: Qatari Riyal (QAR)
  • Located on the coast of the Persian Gulf
  • Type of government: Constitutional monarchy

Pratul Mukhopadhyay

  • Famous Bengali singer and songwriter Pratul Mukhopadhyay passed away at the age of 82 due to pancreatic-related diseases and age-related health issues.

International News

'India-Philippines Cultural and Educational Exchange Summit'

  • In celebration of the 75th anniversary of the establishment of diplomatic relations between India and the Philippines, the 'India-Philippines Cultural and Educational Exchange Summit' was held in Cebu city, southern Philippines.
  • During the event, a statue of Tamil saint and poet Thiruvalluvar was unveiled.

Philippines :

  • Official name : "Republic of the Philippines
  • An archipelagic country located in Southeast Asia
  • It is made up of 7,641 islands
  • Capital : Manila
  • Bordered by the Philippine Sea to the east, the South China Sea to the west, and the Celebes Sea to the south.
  • Main islands : Luzon and Mindanao Largest islands
  • Currency : Philippine peso (PHP)

27th Annual New Year Celebration of the Asia Pacific Cultural Center

  • The 27th Annual New Year Celebration of the Asia Pacific Cultural Center was held at the Tacoma Dome in Washington, where India was the theme country for the first time.

Israeli Delegation to Visit Cairo for Gaza Ceasefire Agreement Talks

  • According to Israeli Prime Minister Benjamin Netanyahu, a delegation will visit Cairo, the capital of Egypt, on February 18, 2025, to discuss the Gaza ceasefire agreement.

Israel :

  • Located in West Asia
  • Bordered by the Mediterranean Sea, Jordan, Lebanon, Syria, and Egypt.
  • Negev Desert: Large desert region located south of Israel
  • World's only Jewish state
  • Capital: Jerusalem
  • Called the "Startup Nation".
  • Official language: Hebrew
  • Currency: Israeli Shekel (ILS)
  • Major cities
  • Jerusalem: Religious and historical center
  • Tel Aviv: Economic and technological hub
  • Haifa: Major port city
  • Full diplomatic relations established between India and Israel: 1992

Science and Technology

Deep-sea manned scientific submersible Matsya-6000 completes wet testing

  • India's fourth generation deep-sea manned scientific submersible Matsya-6000 successfully completed wet testing at Kattupalli Port.
  • Developed by the National Institute of Ocean Technology under the Deep Ocean Mission initiatives under the Ministry of Earth Sciences, this state-of-the-art submersible is designed to carry three humans within its compact 2.1 metre diameter circular hull and will be tested at a depth of 500 metres by the end of 2025.

ISRO develops 10-tonne vertical mixer

  • The Indian Space Research Organisation (ISRO) developed an indigenous 10-tonne vertical mixer for solid propellant mixing.
  • The mixer weighs around 150 tonnes, and measures 5.4 metres in length, 3.3 metres in width, and 8.7 metres in height.

Related Facts:

 

  • The mixer is located at Satish Dhawan Space Centre (SHAR), Sriharikota, and has been developed in collaboration with Central Manufacturing Technology Institute (CMTI), Bengaluru.
  • CMTI is a premier research and development organisation under the Ministry of Heavy Industries.

Awards and Honours

Sportstar Aces Awards 2025

  • The Sportstar Aces Awards 2025 were held on 14th February 2025 at the Taj Mahal Palace in Mumbai, where India's top sporting talents were honored for their exceptional performances.

Among the main awards:

  • Sportstar of the Year (Male): Hockey legend P.R. Sreejesh
  • Sportstar of the Year (Female): Shooter Manu Bhaker
  • Sportswoman of the Year (Olympic Sports): Manu Bhaker
  • National Team of the Year: Indian men's and women's chess teams
  • Club/State Team of the Year: Mumbai City Football Club
  • Sporting Moment of the Year: Arshdeep Singh's match-winning performance in the T20 World Cup

Uttarakhand Gaurav Samman

  • The Indian Mountain Association has honored Chief Minister Yogi Adityanath with the Indian Uttarakhand Gaurav Samman.

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