Daily GK Update 24 February 2021, Daily Current Affairs 2021

Daily GK & Current affairs is very important for any Government and other Competitive Exams. All the important updates based on current affairs 2021 are included in this Daily Current Affairs 24th February 2021 article.

Daily GK Update 24th February 2021, Daily Current Affairs 2021

Here we are regularly update the Daily GK Update & daily Current affairs 2021. If you are preparing for Government Job Exams then it is very important for you to read the Daily Current Affairs 2021, Daily GK Update 2021. All the important updates based on current affairs 2021 are included in this Daily Current Affairs 2021 article. All the serious candidates are advised to bookmark this page and read the GK Update on daily basis. It will help you mug up the important current affairs 2020 / Daily GK Update for LIC, IBPSSBI POSSCRailways  , SBI Clerk 2021 State and NRA CET Exam of 2021.

National (Current Affairs)

♦Motera Stadium named after Indian Prime Minister Narendra Modi

Motera Stadium named after Indian Prime Minister Narendra Modi

  • President Ram Nath Kovind on 24th Feb inaugurated the world’s largest cricket arena – the refurbished Sardar Patel Stadium in Motera – a state-of-the-art facility which can accommodate an awe-inspiring 1.32 lakh spectators.
  • The stadium has been renamed after the Prime Minister as Narendra Modi stadium.
  • About Stadium: Spread over 63 acres, the stadium has been built at an estimated cost of ₹800 crore and with a seating capacity for 1,32,000 spectators, it has surpassed the hallowed Melbourne Cricket Ground which can accommodate 90,000. “The total area is equivalent to 32 Olympic size soccer fields put together,” stated a note from the Press Information Bureau.

International (Current Affairs)

♦India signs trade deal, $100 million defence agreement with Mauritius

  • The Indian foreign minister S Jaishankar was on an official visit to two key Indian Ocean region countries- Maldives and Mauritius. The External Affairs Minister (EAM) S Jaishankar visited the Island nation Mauritius to review the comprehensive and important bilateral relationship between the two nations.
  • India signed a Free Trade Agreement (FTA) or (Comprehensive Economic Cooperation Partnership Agreement-(CECPA)) with Mauritius. The FTA or CECPA is the first such pact with any African country, and will help Mauritius to emerge as a “hub of Africa”.
  • India has also offered a USD 100 million Line of Credit (LoC) to Mauritius to facilitate the procurement of defence assets.

♦Jasmine Harrison from UK becomes youngest woman to row Atlantic Ocean

  • A British woman, Jasmine Harrison of England has become the youngest woman to row solo across the Atlantic Ocean. The 21-year-old from Thirsk, North Yorkshire in the UK, achieved the feat by finishing top in the 2020 Talisker Whisky Atlantic Challenge, organized by Atlantic Campaigns.
  • Harrison, who is a swim instructor and bartender by profession, travelled 3,000 miles (4,828km) across the Atlantic Ocean in 70 days, 3 hours and 48 minutes.

Banking & Financial

♦HSBC Raises India’s GDP Forecast for FY22 to 11.2%

HSBC Raises India’s GDP Forecast for FY22 to 11.2%

  • HSBC has raised its growth forecasts for India in the coming fiscal year 2021-22 (FY22), from 9 per cent to 11.2 per cent, following a pick up in business activity and a steady fall in COVID cases.
  • The 2020-21 GDP forecast of India by HSBC remains -6.3 per cent, as projected earlier.

Note: India GDP projected F22 (2021-2022)

  • Word Bank-5.4%
  • ICRA-10.1%
  • Brickwork Ratings-11%
  • Nomura –13.5%
  • BofA Securities-9%
  • UBS-11.5%
  • Fitch-11%
  • UN-7.3%
  • SBI-11%
  • IMF-11.5%
  • India Ratings and Research (Ind-Ra)- 10.4%
  • S&P Global Ratings-10%

♦Union Bank Of India wins World HRD Congress Awards

Union Bank Of India wins World HRD Congress Awards

  • Union Bank of India was awarded “Best Service Provider” in Human Resources and also the best institution for “Excellence in Learning & Development” at the 29th Global HRD Congress awards. Kalyan Kumar, Chief General Manager, HR was named as “Chief Human Resources Officer of the Year”.
  • Global HRD Congress Awards are given to institutions annually for the best HR practices under different categories. The eminent jury which consists of the best in the industry will select the organizations taking into account their remarkable achievements in HR.

Note: About Union Bank

  • Headquarters: Mumbai.
  • CEO: Rajkiran Rai G.
  • Founded: 11 November 1919.

♦World Bank signs 68 million dollar project to improve quality of school education in Nagaland

World Bank signs 68 million dollar project to improve quality of school education in Nagaland

  • The Centre, Nagaland government and the World Bank have signed a 68 million dollar project to enhance the governance of schools across Nagaland as well as to improve teaching practices and learning environments in select schools.
  • The “Nagaland: Enhancing Classroom Teaching and Resources Project” will improve classroom instruction; create opportunities for the professional development of teachers.

List of Loan approved by World Bank 2020 Recently

  • $450 million-The World Bank-supported Atal Bhujal Yojana (ABHY)
  • $88 Million-Help modernize Assam’s passenger ferry sector
  • $210 Million-State of Maharashtra’s Agribusiness and Rural Transformation Project
  • $400 Mn: support for rejuvenating Ganga
  • Rs. 3cr. : for Goa to develop India’s first sand dune parks
  • $120 Million -Meghalaya Integrated Transport Project
  • $105 Million-To improve the inland water transport infrastructure in Kolkata
  • $100 million- for CHIRAAG (Chhattisgarh Inclusive Rural and Accelerated Agriculture Growth)


♦ADB Appoints Woochong Um as Managing Director General

ADB Appoints Woochong Um as Managing Director General

  • The Asian Development Bank (ADB) has appointed Woochong Um as Managing Director General. Mr. Um will assume office immediately.
  • Mr. Um will report to ADB President Masatsugu Asakawa and support the President to institute bank-wide coherence on key initiatives and issues.He will support the President in providing oversight to ADB’s Department of Communications, Office of Professional Conduct, and Office of the Ombudsperson.

Note: About ADB

  • Headquarters: Mandaluyong, Manila, Philippines
  • President: Masatsugu Asakawa
  • Founded: 19 December 1966

Important Day

♦24 February – Central Excise Day

  • Central Excise Day is observed in India on 24 February every year to encourage the employees of the excise department to carry out the central excise duty in a better way to prevent corruption in the manufacturing business and to carry out the best possible exercise services in India.
  • It is also celebrated to commemorate the establishment of the Central Excise and Salt Act on 24th of February in the year 1944.

Book & Author

♦Kabir Bedi’s autobiography ‘Stories I Must Tell’ will be released in April

  • Veteran actor Kabir Bedi will tell the story of his life “with raw emotional honesty” in his memoir which will be published this April.
  • ‘Stories I Must Tell: The Emotional Journey of an Actor’ will take readers through the highs and lows of Bedi’s professional and personal life, his relationships, including marriage and divorce, why his beliefs have changed, and his exciting days in film, television and theatre, in India, Europe and Hollywood.


♦Punjabi singer Sardool Sikander has passed away

  • Punjabi singer Sardool Sikander has died at the age of 60. Son of tabla player Sagar Mastana, Sardool started his career in the early 80s.
  • The singer, known for tracks such as “Sanu Ishq Barandi Chad Gayi” and “Ek Charkha Gali De Vich”, had tested positive for coronavirus and was undergoing treatment at a hospital in Mohali.

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