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9th BRICS Summit to be held in China’s Xiamen city
![Current Affairs: Daily GK Update 24th February, 2017 |_3.1](https://st.adda247.com/https://4.bp.blogspot.com/-gJypkXbA0uw/WLAiHc8CrRI/AAAAAAAAEVI/s-Xz6lJ1QNg2QLjuJ9SkSyqFVTlt1RADwCLcB/s200/BRICS_leaders_meet_on_the_sidelines_of_2016_G20_Summit_in_China.jpg)
ii. The Xiamen BRICS summit will promote members strengthening solidarity and collaboration, and improving global governance, deepening pragmatic cooperation to achieve mutual benefit.
India and Japan ink pact on rail safety
![Current Affairs: Daily GK Update 24th February, 2017 |_4.1](https://st.adda247.com/https://2.bp.blogspot.com/-_PXC-4QXQo4/WLAhaPb-iZI/AAAAAAAAEUk/cEW6t0k82mQ80PAhHJlVt1WVwaxFOtnIgCLcB/s200/19.jpg)
ii. The areas of cooperation include rail inspection, rail wielding and providing automatic railway track safety inspection, maintenance of rolling stock and “any other relevant railway safety matters jointly determined by both sides” with the aim to prevent major rail accidents.
74th Central Excise Day celebrated by CBEC
![Current Affairs: Daily GK Update 24th February, 2017 |_5.1](https://st.adda247.com/https://3.bp.blogspot.com/-ya3dWm1f5eY/WLAhg42ygGI/AAAAAAAAEUo/UIjuo0LIphgG_5dnMaakq6N8U3irBOrGACLcB/s200/CBEC-Tax-Scan.jpg)
ii. CBEC is the single largest contributor to the national exchequer with the collection of Rs 8,50,000 crore a year.
iii. Justice Satish Chandra, President, Customs, Central Excise and Service Tax Appellate Tribunal (CESTAT) was the chief guest. Olympic silver medalist, P.V. Sindhu was the guest of honour.
Sikkim becomes 22nd State to join UDAY
![Current Affairs: Daily GK Update 24th February, 2017 |_6.1](https://st.adda247.com/https://1.bp.blogspot.com/-ILoZvN_2X20/WLAhk0aIqFI/AAAAAAAAEUs/hbPBh4SiqYYTa8DSEAlo4_y1kavsJVIgACLcB/s200/UDAY-Ujwal-DISCOM-Assurance-Yojana.jpg)
ii. With the signing of the MoU, the total number of states covered under UDAY has reached 22. Andhra Pradesh is the first state to join UDAY Scheme.
Maneka Gandhi announces compensation fund for child abuse victims
![Current Affairs: Daily GK Update 24th February, 2017 |_7.1](https://st.adda247.com/https://4.bp.blogspot.com/-2bVguC4DZ1k/WLAhpGPx9tI/AAAAAAAAEUw/ml37r9wFhQoUn9LF9j7omdHJBOKIRn87wCLcB/s200/maneka-gandhi759.jpg)
Visa signed MoU with AP to make Vizag, India’s first ‘less cash’ city
![Current Affairs: Daily GK Update 24th February, 2017 |_8.1](https://st.adda247.com/https://2.bp.blogspot.com/-Z4lGrCkNUEQ/WLAhus26OYI/AAAAAAAAEU0/V6fFfrgmRW8tDrciZNddI5aKDZWjrKVHACLcB/s200/chandrababu-story_647_060815080330_102716124657%2B%25281%2529.jpg)
ii. This initiative is designed to provide the foundation for the city to emerge as India’s ‘Fintech Valley’.
Kerala to launch sex offenders registry, first in the country
![Current Affairs: Daily GK Update 24th February, 2017 |_9.1](https://st.adda247.com/https://1.bp.blogspot.com/-T4bOeXL0Ev0/WLAhy3hSt0I/AAAAAAAAEU4/D4d2LL5YILsQKmVKxbi9u_zv5X9P2QQpACLcB/s200/KeralaJune020_26-07-2016_14_54_33.jpg)
ii. A comprehensive victim relief fund will be set-up by the state government to provide interim relief for victims of sex crimes, both children and adults.
Oriental Bank Ties Up With Chola Mitsui Sumitomo To Sell Insurance Products
![Current Affairs: Daily GK Update 24th February, 2017 |_10.1](https://st.adda247.com/https://4.bp.blogspot.com/-FlnNKUFyQtA/WLAh3K-tX2I/AAAAAAAAEU8/xEf7cSJQ4zkVhKV47rwWt8gXLY1SRgw7ACLcB/s200/oriental-bank2_660_051512071357_022317043142.jpg)
ii. The insurance products includes motor, health, home and travel.
Tata Power Renewable commissions 15 MW solar plant in Telangana
![Current Affairs: Daily GK Update 24th February, 2017 |_11.1](https://st.adda247.com/https://3.bp.blogspot.com/-r_Gl75RaQOw/WLAh8gpy0PI/AAAAAAAAEVA/js_aKV0CQcwkrOp78tWtHPumww-3aiX9gCLcB/s200/Tata-Power-Logo1.jpg)
ii. The solar plant has been built over 80 acres of land and includes an 18 km transmission line.
China overtakes US, France as Germany’s biggest trading partner, for first time
![Current Affairs: Daily GK Update 24th February, 2017 |_12.1](https://st.adda247.com/https://1.bp.blogspot.com/-SURmTVcK37Q/WLAhWJquceI/AAAAAAAAEVE/7TrDCq9dKxgwuZL7LjtGgjAC5iTlb1k9gCEw/s200/ch-lgflag.gif)
ii. German imports from and exports to China rose to 170 billion euros ($180 billion) in 2016, Federal Statistics Office figures reviewed by Reuters showed. France remained the second-most important business partner with a combined trade volume of 167 billion euros. The United States came in third with 165 billion euros.
Nobel-Winning Economist Kenneth J. Arrow Dies At 95
![Current Affairs: Daily GK Update 24th February, 2017 |_13.1](https://st.adda247.com/https://4.bp.blogspot.com/-z3mgch9uPAg/WLAiMlk3cAI/AAAAAAAAEVM/Yf3h0mcZbngmSHUzZVd6H1rsk55t6_-bgCLcB/s200/Kenneth-J-Arrow.jpg)
ii. Kenneth received the Nobel memorial prize in economic science for their pioneering mathematical work on general equilibrium theory in 1972
Ravichandran Ashwin breaks Kapil Dev’s record of most wickets in home season
![Current Affairs: Daily GK Update 24th February, 2017 |_14.1](https://st.adda247.com/https://2.bp.blogspot.com/-HqS-De0_FQU/WLAinLJHCaI/AAAAAAAAEVU/91qvlE6LUzYQ_iLAxu8-Vpnh6sfuoD1zgCLcB/s200/maxresdefault.jpg)
ii. Ashwin, the fastest in the world to reach 250 Test wicket mark recently and took his tally of wickets in the current home season to 64 in 10 Test matches broke Kapil Dev’s record who took 63 wickets in 13 Tests.