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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.

International News

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

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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.

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

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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.

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States News

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

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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

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

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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.

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

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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.

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Appointments News

6. Shailesh Pathak named FICCI Secretary General

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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:

  • FICCI Founded: 1927;
  • FICCI Headquarters: New Delhi;
  • FICCI Founder: Ghanshyam Das Birla;
  • FICCI President: Sanjiv Mehta.

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7. Pepsi roped in Ranveer Singh as brand ambassador

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PepsiCo India has roped in actor Ranveer Singh to endorse its leading soft drink brand Pepsi. Singh joins Pepsi’s growing league of celebrity endorsers. In 2019, the brand roped in actor Salman Khan. In January, Pepsi had announced that it has roped in Kannada actor Yash as its brand ambassador. A leading female actor could soon join the brand’s summer campaign that Pepsi is running under the “Rise up Baby” theme.

Important takeaways for all competitive exams:

  • PepsiCo CEO: Ramon Laguarta;
  • PepsiCo Headquarters: Purchase, Harrison, New York, United States;
  • PepsiCo Founded: 1965;
  • PepsiCo President: Ramon Laguarta.

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Business News

8. Air India’s order for 470 jets at list price of $70 bn

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Tata group-owned Air India’s order for a record 470 aircraft from Airbus and Boeing Co will be at a list price of $70 billion, Chief Executive Campbell Wilson said, as the airline seeks opportunities to expand in long-haul international. Air India had, earlier this month, announced provisional deals for 220 planes from Boeing and 250 from Airbus in an order that would eclipse previous records for an order by a single carrier. The airline plans to fund the order with a combination of resources, including internal cash flow, shareholder equity and sale-and-leaseback of aircraft, Wilson told reporters at a press conference.

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Economy News

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

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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.

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

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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.

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Banking News

11. RBL Bank signs an agreement with Exim Bank for trade finance

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RBL Bank, the private lender said that it has reached an agreement with Export-Import Bank of India (India Exim Bank) under the Trade Assistance Programme (TAP) in order to facilitate cross-border commercial operations.Export-Import Bank of India (India Exim Banktrade’s) assistance programme for cross-border transactions intends to facilitate India’s exports globally by providing credit enhancement to trade instruments.

Important Takeaways For All Competitive Exams:

  • RBL Bank CEO: R Subramaniakumar
  • Exim Bank CEO: Ms. Harsha Bangari.

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Schemes News

12. India joins Agriculture Innovation Mission for Climate

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India has joined a global initiative started by the US and the UAE to boost funding and assistance for the development of climate-smart agriculture and food systems. The two countries together launched the Agricultural Innovation Mission for Climate (AIM4C) in November 2021.

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13. Pilgrim announces first ESOP scheme

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D2C(Direct to Consumer) personal care brand Pilgrim has announced its first-ever ESOP scheme. It has earmarked 10% of its shares to the ESOP pool for 100% of its employees, it said in a statement. About 30 employees who have spent a year in the company will be able to benefit from this scheme. With this announcement, Pilgrim aims to acknowledge and reward the efforts of the employees who’ve led the brand’s growth over the last 3.5 years, along with driving wealth creation.

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Awards News

14. J&K won best adventure tourism destination award

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The India Today Tourism Survey has chosen Jammu & Kashmir Tourism for best adventure tourism award. The awards were given away at New Delhi by Union Minister of State for Culture & Parliamentary Affairs, Arjun Ram Meghwal. The award has been given to the J&K Tourism Department in recognition of its efforts in promoting ‘Gulmarg’ as an adventure destination of international order. The award was received by Deputy Director, Tourism, Alyas Ahmad on behalf of the Department.

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Sports News

15. FIFA awards 2022: Lionel Messi wins ‘Best FIFA player of 2022’

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Argentina’s Lionel Messi has bagged the Best FIFA men’s player prize for 2022. Messi outclassed his Paris Saint Germain (PSG) teammate Kylian Mbappe and Real Madrid captain Karim Benzema to lift the famous trophy at Salle Pleyel in Paris. In the FIFA Awards vote, Messi had 52 points, Mbappé 44, and Benzema 34. It is the second time that Messi has won the honour inaugurated by FIFA in 2016.

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16. Lionel Messi scores 700th career club goal

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The all-time great Lionel Messi has scored his 700th career club goal in Paris St. Germain’s 3-0 win over Marseille. With the goal, Messi became just the second player in history to score 700 career club goals, according to IFFHS (International Federation of Football History and Statistics). The other player to do so is Messi’s longtime rival Cristiano Ronaldo. Meanwhile Messi’s rival Ronaldo has scored 709 goals in club level across competitions, including his hat-trick for Al-Nassr in the Saudi Pro League match against Damac.

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Important Days

17. National Science Day 2023 celebrated on 28th February

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On February 28 each year, National Science Day honours Chandrasekhara Venkata Raman as C.V. Raman, an Indian scientist and physician, for discovering the “Raman Effect.” Every year, it is celebrated to honour the value of science and to serve as a reminder of the influence it has had on humankind’s way of life. In honour of India’s G20 leadership, the event this year has the theme “Global Science for Global Wellness.”

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Miscellaneous News

18. Supreme Court on Menstrual leave and its global standing

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The Supreme Court declined to consider a PIL requesting menstruation leave for workers and students nationwide, citing the issue as one of policy. It was emphasised that menstrual pain leave had various “dimensions” and that, despite the fact that menstruation was a biological event, such leave could discourage businesses from hiring female staff. Only a few nations, mostly in Asia, allow women who experience painful periods to take time off work to heal.

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19. 284th Sant Sevalal Maharaj’s birth anniversary

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Sant Sevalal Maharaj, a spiritual and religious figurehead of the Banjara community, was born 284 years ago on February 26, marking the beginning of a yearlong remembrance. Amit Shah, the Union Home Minister, and Meenakshi Lekhi, the Union Minister of State for Foreign Affairs and Culture, led the festivities on Monday in New Delhi.

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