28th February Current Affairs – Top News of the Day

Today’s Current Affairs

28th February 2023 Current Affairs are incorporated with the important news that made the current affairs headlines for banking, UPSC or other competitive exams. Daily Current Affairs is the complete bag of important news that is held all day long. One should have complete knowledge about banking terms, current affairs news, etc. So, here is the Top News of the Day for 28th February 2023 to help you prepare the Latest Current Affairs part. After reading this section, you can successfully attempt Current Affairs Quiz. 

Here is the Current Affairs 28th February 2023 covering the following news headlines: National Science Day, Lionel Messi, FIFA awards 2022, Agriculture Innovation Mission, Ranveer Singh, FICCI Secretary General.

1. Pakistan Govt raises policy interest rate by 200 bps for IMF Bailout

Amid the severe economic crisis, Pakistan’s government has decided to raise the policy rate to 19 per cent or 200 basis points, which will be an increase of 2 per cent. Currently, it stands at 17 per cent. The increase is based on rates the government set in the auction to raise domestic debt. This will push the interest rate to 19%, just below the previous record of 19.5% set in October 1996.

2. Britain, EU reach agreement on Northern Ireland post-Brexit trade

The Britain and the European Union(EU) agreed on a new trading arrangement for Northern Ireland, a move aimed at ending years of friction caused by Brexit and allowing greater cooperation between both sides at a time of mounting geopolitical risk to Europe from Russia’s war in Ukraine. The deal also gives the Northern Ireland assembly the power to ask the U.K. government to veto new EU regulations or laws that would apply to the province.

3. Assam CM unveiled North East’s 1st compressed biogas plant

The foundation stone-laying ceremony for the first-ever compressed biogas plant project in northeast India took place at Domora Pathar in Sonapur under the Kamrup (Metropolitan) district, and the chief guest was chief minister Himanta Biswa Sarma. The plant, which is being built by businessmen Pankaj Gogoi and Rakesh Doley under the name Redlemon Technologies, is expected to begin operating in November 2023 and will have a 5 tonne-per-day production capacity for compressed biogas from raw materials like municipal solid wastes and cattle manure.

Assam: Important Takeaways

• Assam Chief Minister: Himanta Biswa Sarma
• Assam Capital: Dispur
• Assam Folk Dance: Bihu
• Assam Governor: Gulab Chand Kataria

4. Kerala temple become India’s first to induct robotic elephant for ritual duties

The Irinjadappilly Sree Krishna Temple in Kerala‘s Thrissur district has become the first in the country to use a mechanical, lifelike elephant for temple rituals. The temple priests performed ‘Nadayiruthal’ or ceremonial offering to the deity, of Irinjadappilly Raman, a magnificent, lifelike mechanical or “robotic” elephant.

5. Japan to invest ₹7,200 crores in Uttar Pradesh, HMI Group is developing 30 hotels in the state

Japan’s eminent hospitality group Hotel Management International Company Limited (HMI) will be opening 30 new properties across Uttar Pradesh. The company has signed an MoU with the UP government to invest Rs 7200 crore at the UP Global Investors Summit.

6. Shailesh Pathak named FICCI Secretary General

Former bureaucrat Shailesh Pathak has been appointed as the new Secretary General of Federation of Indian Chambers of Commerce & Industry (FICCI). He will take over the charge on March 1. In a career spanning 37 years, Pathak has worked with the government as an IAS officer as well as helmed large companies in the private sector. He has an MBA degree from IIM Calcutta in 1986 after graduation. He has completed an LLB and a Diploma in Ornithology. He has scaled a 6831 metre peak in the Himalayas and has trekked extensively.

Important takeaways for all competitive exams:

9. Services exports to cross USD 300 billion this fiscal: Piyush Goyal

The country’s services exports are doing “extremely well” and going by the current trend these outbound shipments would register about 20 per cent growth in this fiscal and cross the USD 300 billion target despite global economic uncertainties, Commerce and Industry Minister Piyush Goyal has said.

10. Direct benefit transfers total Rs 5.5 trillion so far in FY23

The amount of various subsidies and sops transferred to recipients through direct benefit transfer (DBT) has reached almost Rs 5.5 trillion so far in the current fiscal year, FY23, almost on par with FY21‘s total and falling just 13% shy of FY22’s total achievement. The DBT transfers are anticipated to surpass the Rs 6.3 trillion attained in FY22 because to the large number of dues that are paid in the final month of the year.