Table of Contents
International News
DPIIT & KOTI Ink MoU for Logistics & Infrastructure Growth
India and South Korea have taken a significant step towards strengthening their logistics and infrastructure collaboration. On February 10, 2025, the Department for Promotion of Industry and Internal Trade (DPIIT), Government of India, and the Korea Transport Institute (KOTI), Republic of Korea, signed a Memorandum of Understanding (MoU) at the Sejong National Research Complex in South Korea.
The agreement was formalized by Mr. Youngchan Kim, President of KOTI, and H.E. Amit Kumar, Ambassador of India to South Korea. This partnership aims to improve logistics efficiency, enhance infrastructure planning, and promote sustainable economic development through knowledge exchange and technical collaboration.
Bangladesh Launches ‘Operation Devil Hunt’
Bangladesh has launched a large-scale security operation, “Operation Devil Hunt,” targeting loyalists of former Prime Minister Sheikh Hasina. The move comes after protesters were attacked by gangs allegedly linked to Hasina’s regime. The interim government, led by Muhammad Yunus, has vowed to restore order and uphold democratic values. The unrest was sparked by reports of Hasina’s possible address from exile in India, leading to violent protests, including the destruction of buildings linked to her family. Meanwhile, tensions between India and Bangladesh have risen over India’s condemnation of the demolition of the Bangabandhu Memorial Museum.
Defence News
Indian Army and IAF Execute ‘Winged Raider’ in Eastern Theater
The Indian Army and the Indian Air Force (IAF) have successfully conducted the joint military exercise ‘Winged Raider’ in the Eastern Theater. This strategic drill focused on special airborne operations to enhance coordination between the two forces. The exercise, held in a key operational zone, is part of efforts to improve rapid deployment capabilities and inter-service synergy.
HAL’s Upgraded Hindustan Jet Trainer 36 Renamed ‘Yashas’
Hindustan Aeronautics Limited (HAL) has officially renamed its flagship jet training aircraft, the Hindustan Jet Trainer (HJT-36), as ‘Yashas’ following extensive modifications aimed at improving its flight characteristics. The renaming event, held at Aero India 2025, marks a significant milestone for HAL, showcasing the evolution of the aircraft and its readiness for the next phase of pilot training and operational use.
Economy News
Over 54.5 Crore Jan Dhan Accounts Opened till Jan 15
As of January 15, 2025, the Pradhan Mantri Jan Dhan Yojana (PMJDY) has surpassed a significant milestone, with over 54.58 crore bank accounts opened. What makes this achievement even more remarkable is that 55.7% of these accounts belong to women, highlighting the scheme’s role in promoting financial inclusion, especially among marginalized communities. Since its launch in August 2014, PMJDY has transformed from a basic financial access initiative into a foundation for various government welfare programs, social security schemes, and digital transactions.
Govt Adds 10 New Commodities to e-NAM for Better Market Access
The Indian government has expanded the scope of the National Agriculture Market (e-NAM) by adding 10 new agricultural commodities for trading. With this inclusion, the total number of commodities on the e-NAM platform has reached 231. The move is aimed at improving price realization for farmers and ensuring a more transparent and efficient trade system.
India-EFTA Strengthen Economic Ties with the Inauguration of the India-EFTA Desk
India and the European Free Trade Association (EFTA) – which comprises Switzerland, Norway, Iceland, and Liechtenstein – have taken a major step towards deeper economic collaboration with the inauguration of the India-EFTA Desk. This initiative follows the successful conclusion of the India-EFTA Trade and Economic Partnership Agreement (TEPA), which positions EFTA as the first European bloc to formalize a trade pact with India. The desk will act as a critical link to ensure transparency, trust, and ease of doing business between the two regions, further enhancing their growing economic ties.
India-Israel Business & CEO Forums to Strengthen Bilateral Economic Ties
India and Israel are set to deepen their economic and trade relations with the upcoming India-Israel Business Forum and India-Israel CEO Forum, both scheduled for February 11, 2025, in New Delhi. These forums are aimed at strengthening bilateral economic ties and creating new avenues for technological collaboration, investment opportunities, and cross-sector partnerships. High-level delegations, business leaders, policymakers, and industry stakeholders from both nations will come together to explore opportunities for further economic integration and innovation.
Schemes News
Government Initiatives to Support Women Employees and Entrepreneurs in India
The Government of India has launched several initiatives aimed at promoting gender equality in the workplace and supporting women entrepreneurs. These initiatives focus on creating a safe, secure, and non-discriminatory environment for women employees while also fostering women-owned enterprises. Through legislative measures and various programs, the government seeks to ensure that women have equal opportunities for career growth, business development, and social security.
Business News
India Sets New HS Codes for GI-Tagged Rice Exports
In a significant move to bolster the export of Geographical Indication (GI)-recognized rice varieties, India is developing new Harmonized System of Nomenclature (HSN) codes. This initiative aims to streamline the export process for unique rice types such as Red Rice, Black Rice, and Kalanamak Rice, which hold GI tags.
Banking News
RBI Defers Liquidity Coverage Ratio and Project Financing Norms to 2026
In a significant decision aimed at ensuring financial stability and supporting banks, the Reserve Bank of India (RBI) has postponed the implementation of Liquidity Coverage Ratio (LCR) and project financing guidelines by a year. The earliest implementation date is now set for March 31, 2026. This decision follows concerns raised by both public and private sector banks regarding potential liquidity challenges that these norms could introduce.
RBI Initiates Comprehensive Review of Financial Market Timings
In a major move to enhance market efficiency, the Reserve Bank of India (RBI) has set up a nine-member Working Group to review the trading and settlement timings across various regulated financial markets. This decision comes in response to evolving market conditions, increased digitalization, and the need to align Indian market operations with global standards. The group is expected to submit its report by April 30, 2025.
Appointments News
Nokia Names Intel’s AI Chief Hotard as New CEO
Nokia has announced a leadership transition, with Justin Hotard set to take over as CEO on April 1, 2025, replacing Pekka Lundmark. Hotard, currently Intel’s Executive Vice President and General Manager of Data Center & AI Group, brings vast expertise in artificial intelligence (AI) and data centers, crucial for Nokia’s future growth. Nokia’s Chair Sari Baldauf highlighted Hotard’s track record in accelerating growth in technology firms. Lundmark, who led Nokia since 2020, will stay on as an advisor until the end of the year to ensure a smooth transition.
Important Days News
International Day of Women and Girls in Science 2025: Date, Theme,
The International Day of Women and Girls in Science (IDWGS) 2025 marks a significant milestone in the ongoing efforts to promote gender equality and women’s empowerment in science, technology, engineering, and mathematics (STEM). Celebrated annually on February 11, this day serves as a global platform to recognize the contributions of women and girls in science and to advocate for their full and equal access to opportunities in these fields.
As UNESCO states, science in the 21st century is dynamic, collaborative, and diverse, playing a crucial role in addressing global challenges beyond laboratories. The theme for 2025 is: “Unpacking STEM Careers: Her Voice in Science”
Anti-Smuggling Day 2025: Date
India’s borders with Pakistan, Bangladesh, Myanmar, and Nepal have long been susceptible to smuggling activities, posing significant risks to the country’s security and economy. The smuggling of drugs, arms and ammunition, gold, fake currency, and other illicit goods continues to be a persistent challenge. To raise awareness about the menace of cross-border smuggling and its potential impact, the Federation of Indian Chamber of Commerce and Industry (FICCI) Committee Against Smuggling and Counterfeiting Activities Destroying the Economy (CASCADE) observes Anti-Smuggling Day every year on February 11. This day focuses on engaging government agencies and the public in the battle against smuggling.
International Epilepsy Day 2025: Date, Theme
International Epilepsy Day (IED) is a global healthcare event observed on the 2nd Monday of February every year, since its inception in 2015. The event aims to bring together patients suffering from epilepsy and create a sense of community to discuss the condition, its epidemiological profile, diagnosis, and treatment. IED focuses on raising awareness and providing support to the millions of individuals affected by this neurological disorder. This year, International Epilepsy Day 2025 celebrated on 10th February, a Monday, with the theme “MyEpilepsyJourney”.
Sports News
Real Madrid Legend Marcelo Hangs Up His Boots
Brazilian footballer Marcelo, one of the most decorated left-backs in history, has announced his retirement at the age of 36. The former Real Madrid and Brazil defender enjoyed a glittering career, winning 25 major trophies in 15 years at Madrid, including five UEFA Champions League titles. Marcelo, who also played for Fluminense and Olympiacos, expressed gratitude for his journey in a heartfelt message. Real Madrid president Florentino Perez hailed him as one of the greatest left-backs in football history. Though his playing career ends, Marcelo hinted at staying involved in football in the future.
Reliance Unveils ‘Spinner’ Sports Drink with Muralitharan
Reliance Consumer Products Ltd (RCPL), the FMCG arm of Reliance Industries, has entered the sports hydration drink segment with its new brand, Spinner. Co-created with Sri Lankan cricket legend Muttiah Muralitharan, Spinner aims to provide an affordable and effective hydration solution. Priced at ₹10 for a 150 ml bottle, it is significantly cheaper than competitors like Gatorade and Powerade. The brand is set to collaborate with multiple IPL teams to enhance visibility and aims to create a $1 billion sports beverage category within three years.
Jil Teichmann Clinches Mumbai Open 2025 Title
Swiss tennis player Jil Teichmann won the 2025 Mumbai Open singles title by defeating Mananchaya Sawangkaew of Thailand in the final. The WTA 125 event, the only WTA tournament in India, was held at the Cricket Club of India, Mumbai from 3-9 February 2025. This victory marked Teichmann’s second WTA 125 title, adding to her 2024 Ljubljana triumph.
Mumbai Indians Acquire 49% Stake in The Hundred’s Oval Invincibles
Mumbai Indians (MI) owner Reliance Industries, through its subsidiary RISE Worldwide, has successfully bid for a 49% stake in Oval Invincibles, a franchise in The Hundred, England and Wales Cricket Board’s (ECB) 100-ball cricket league.** The deal strengthens MI’s global cricket presence, making it a dominant force across multiple continents. Surrey County Cricket Club (Surrey CCC) remains the primary stakeholder, sharing ownership and decision-making with Reliance.
Carlos Alcaraz Claims First Indoor Hardcourt Title at Rotterdam Open
Carlos Alcaraz secured his first indoor hardcourt title by defeating Alex de Minaur 6-4, 3-6, 6-2 in the Rotterdam Open final. The victory marked his 17th ATP Tour title and made him the first Spanish champion in the tournament’s 52-year history. Overcoming a cold and multiple three-set battles, Alcaraz showcased resilience and adaptability on indoor courts, further expanding his impressive tennis resumé.
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