Stay updated Current Affairs Today Feb 5, 2025 on Acting Chairman of GSMA , CCI Approves POSCO India’s , Israeli Airstrikes in Lebanon, and important updates!
1. Gopal Vittal Appointed as Acting Chairman of GSMA
Airtel’s Vice Chairman & MD, Gopal Vittal, has been named Acting Chairman of GSMA after the resignation of José Maria Álvares-Pallete.
Key Points:
- Vittal was recently re-elected as GSMA’s Deputy Chairman.
- He served as a key board member from 2019-2020.
- GSMA is a London-based global telecom industry association.
Short Description: Vittal’s appointment strengthens India’s presence in global telecom leadership, ensuring continuity in GSMA’s policies.
2. CCI Approves POSCO India’s Acquisition of POSCO Pune Shares
The Competition Commission of India (CCI) has approved POSCO India’s acquisition of POSCO Pune shares, a move within POSCO Holdings Inc.
Key Points:
- POSCO India specializes in processing and distributing steel products.
- LX International Corporation is selling its entire shareholding.
- A detailed order from the CCI will be released soon.
Short Description: The acquisition aims to streamline operations within POSCO Holdings, benefiting the Indian steel industry.
3. Cardamom: Latest Updates & Key Facts
Researchers have identified six species closely related to Elettaria cardamomum, the Queen of Spices.
Key Points:
- Cardamom belongs to the Zingiberaceae family and thrives in India’s Western Ghats.
- Grows in acidic soil (pH 5.0-6.5) at altitudes of 600-1500m.
- Requires 10-35°C temperature and 1500-4000 mm rainfall.
Short Description: New findings may enhance cardamom cultivation and sustainability in India.
4. Circulation of ₹2000 Notes Drops to ₹6,577 Crore: RBI
The Reserve Bank of India (RBI) reports that ₹2,000 banknotes in circulation have declined significantly.
Key Points:
- 98.15% of ₹3.56 lakh crore worth of notes returned since May 2023.
- Exchange deadline was October 7, 2023, but notes remain legal tender.
- Exchanges still allowed at 19 RBI Issue Offices via India Post.
Short Description: The decline in ₹2,000 notes marks a successful transition in India’s currency system.
5. Nearly 864 km of India-Bangladesh Border Yet to Be Fenced
India faces challenges in completing border fencing with Bangladesh, with 864.482 km still unfenced.
Key Points:
- 3,232.218 km of the 4,096.7 km border has been fenced.
- Issues include land acquisition, terrain challenges, and objections from BGB.
- India assures Bangladesh that fencing aligns with agreements.
Short Description: The delay in fencing raises security concerns, prompting diplomatic discussions.
6. FDI Inflows Rise 26% in First Half of Fiscal Year, Reaching $42.1 Bn
India saw a 26% rise in FDI inflows, reaching $42.1 billion by September 2024.
Key Points:
- FDI had declined in 2022-23 but rebounded this fiscal year.
- $29.79 billion was recorded during the same period last year.
- Minister Jitin Prasada shared the data in Lok Sabha.
Short Description: The rise in FDI reflects renewed investor confidence in India’s economy.
7. Chaman Arora Awarded Sahitya Akademi Award 2024 in Dogri
Chaman Arora won the Sahitya Akademi Award 2024 for his Dogri short story collection Ik Hor Ashwthama.
Key Points:
- The book was selected unanimously by a jury.
- The award includes a ₹1,00,000 cash prize and a copper plaque.
- The ceremony will be held in New Delhi on March 8, 2025.
Short Description: The award highlights Dogri literature’s growing recognition in India’s literary scene.
8. India Becomes World’s 2nd Largest Mobile Manufacturer
India has become the world’s second-largest mobile manufacturer, with 99.2% of phones sold in India now locally made.
Key Points:
- Over 300 mobile manufacturing units operational, up from 2 in 2014.
- Manufacturing value surged from ₹18,900 Cr in FY14 to ₹4,22,000 Cr in FY24.
- Mobile phone exports crossed ₹1,29,000 Cr.
Short Description: India’s mobile manufacturing boom boosts local production and global exports.
9. Govt Introduces Ayush Visa for Foreigners with Up to 5-Year Extension
India has launched the Ayush Visa, allowing foreign nationals to seek traditional medical treatments in the country.
Key Points:
- Initial one-year visa with up to three entries.
- Can be extended annually for up to five years with medical proof.
- Applicants must show proof of self-funded treatment expenses.
Short Description: The Ayush Visa promotes India as a global hub for holistic and traditional medicine.
10. Govt Allocates ₹10,900 Cr for PM e-DRIVE :Current Affairs Today Feb 5
The government has allocated ₹10,900 crore for PM e-DRIVE, boosting EV adoption across India.
Key Points:
- 16.14 lakh electric vehicles supported under the FAME-II scheme.
- Incentives cover e-bikes, e-trucks, e-buses, and charging stations.
- Scheme aims to promote EVs in both urban and rural areas till March 2026.
Short Description: The initiative strengthens India’s push for sustainable and eco-friendly transportation.
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