Current Affairs February, 2016

Former DRDO Director-General (DG) Dr Avinash Chander has been awarded prestigious Aryabhata Award of Astronautical Society of India.

Government-constituted expert committee to examine the Possibility of Replacing Multiple Prior Permissions with Pre-Existing Regulatory Mechanism has submitted its recommendations.

Which countries are participating in the naval Exercise IBSAMAR 2016?

• Rich feed off subsidies worth over Rs. 1 lakh crore: Economic Survey
• Govt’s LED drive to save over Rs 45,000 crore says Economic Survey
• Union Cabinet gives nod to India-Maldives double taxation Agreement on airlines

B.K. Garudachar, the legendary pre-independence cricketer and skipper of Mysore (as Karnataka was known then), passed away. He was 99.

Mumbai stamped its authority in the domestic cricket circuit yet again with an exceptional performance in two sessions that turned the Ranji Trophy final against Saurashtra on its head and handed it a deserving 41st title, with a victory by an innings and 21 runs on the third day itself.

Gianni Infantino pulled off a stunning victory to take over as FIFA president.

The New Development Bank (NDB) — a multilateral lender with a focus on the Global South of the of the Brazil-Russia-India-China-South Africa(BRICS) grouping — is all set to fund more than a dozen projects this year, which will focus on renewable energy.

Government̢۪s plan to change 77 crore conventional bulbs and 3.5 crore conventional streetlights with LED range would save Rs 45,500 crore by reducing 21,500 MW electricity demand.

India̢۪s rich feed off subsidies worth over Rs. 1 lakh crore a year that are meant for the poor, according to the Economic Survey titled Bounties for the Well-off.

And this figure only considers the subsidies on six commodities, two public utilities — the Railways and electricity — and one small savings scheme, the Public Provident Fund.

The Reserve Bank of India (RBI) has extended currency swap arrangement to South Asian Association for Regional Cooperation (SAARC) nations till mid-November 2017.

The Cabinet Committee on Economic Affairs has hiked Minimum Support Price (MSP) of raw jute from 2,700 to 3,200 rupees per quintal.