Current Affairs

Weekly Current Affairs February 2018: Week II

The Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley launched CriSidEx, India's first sentiment index for micro and small enterprises (MSEs).

Weekly Current Affairs February 2018: Week II

Banking and Financial Awareness:

  • 6th Bi-monthly Monetary Policy Statement released by RBI
  • The repo rate was kept unchanged at 6 percent.
  • The reverse repo rate under the LAF (liquidity adjustment facility) remains at 5.75 percent, and the marginal standing facility (MSF) rate and the bank rate at 6.25 percent.
  • RBI to Set up Ombudsman for NBFCs.
  • RBI: Base Rate to be Linked with MCLR.
  • IndusInd Bank Launches New Sonic Identity, A Musical Logo.


  • Mahmud Hossain appointed new Chief Justice of Bangladesh.
  • Jerome H Powell Sworn in as 16th Chairman of Federal Reserve.
  • NPCI Appoints Biswamohan Mahapatra as Non-Executive Chairman.
  • Indra Nooyi Becomes ICC's 1st Independent Female Director.
  • Hardayal Prasad Appointed SBI Card MD & CEO.

Honour and Awards

  • The Centre for Science and Environment (CSE) has been ranked the top environment policy think tanks in India.

MOU’s and Agreement

  • Inland Waterways Authority of India (IWAI) has signed a project agreement with the World Bank for Jal Marg Vikas Project on river Ganga.
  • Assam Government, Ola Sign MoU for River Taxi Service.
  • India and Palestine Sign 6 MoUs.
  • Ministry of Railways sign MoU with Ministry of AYUSH.

Important News- World

  • Sri Lanka celebrated its 70th anniversary of Independence Day on 4th February 2018.
  • Dubai Retains Rank as World’s Busiest International Airport in 2017.
  • Bermuda Becomes 1st Country in World to Abolish Same-Sex Marriage.
  • Sweden Commits Record $370m of Aid to UN World Food Programme.
  • Maldives Crisis- Government Declares State of Emergency.

Important Dates

  • World Cancer Day- 4 February 2018
  • 6 February: International Day of Zero Tolerance for Female Genital Mutilation


  • Noted Litterateur Chandrasekhar Rath Passes Away.
  • Actor John Mahoney Passes Away.
  • Kathakali Maestro Madavoor Vasudevan Nair Passes Away.

Important News- India

  • Exam Warriors’ Authored by PM Narendra Modi Released.
  • 7th India Energy Congress held in New Delhi.
  • First International Kala Mela inaugurated in New Delhi
  • The “Green Good Deeds” campaign is launched by the Ministry of Environment, Forest and Climate Change.
  • DIPP Launches States’ Rankings on Start-ups Initiatives.
  • Sourav Ganguly’s autobiography “A century is not Enough “: first look unveiled.
  • The Prime Minister of India, Mr. Narendra Modi is on a 3 Nation visit to Palestine, UAE and Oman.
  • India ranked 44th in Global Intellectual Property Index.
  • The Fifth edition of South Asia Region Public Procurement Conference was held in New Delhi from 5-7 February 2018.
  • Union Home Minister has launched the Centre for learning Sanskrit language in Gujarat University, Ahmedabad.
  • India Retains Top Spot as Source Market for Dubai in 2017.
  • NHAI to Start 'Pay as You Use' Pilot Project On Delhi-Mumbai National Highways.
  • 5th South Asia Region Public Procurement Conference Held in New Delhi.
  • South Central Railway Becomes 1st Rail Zone with 100% LED Lighting at Stations.
  • Mumbai Airport Becomes World’s Busiest Single-Runway Airport.

Business, Science and Technology

  • Google and National Council of Educational Research and Training (NCERT) signed a pact to integrate a course on 'Digital Citizenship and Safety' in information and communication technology curriculum.
  • CCI Slaps Rs 136 Crore Fine On Google for Unfair Business Practices.
  • Direct Tax Collections Rise 19.3% In April- January.


  • Agni I Missile Test Fired Successfully.
  • The Hindustan Aeronautics Limited has developed the first flight of Hawk-i with indigenous Real Time Operating System (RTOS).
  • Prithvi II Missile Successfully Launched.
  • SpaceX has successfully launched the world's most powerful operational rocket Falcon Heavy towards Mars.

Important News- States 

  • Advantage Assam Global Investors Summit 2018 Inaugurated.
  • Uttar Pradesh State Government, in association with United Nations Children’s Fund (UNICEF) has launched ‘DASTAK’ on 5th February 2018.
  • Maharashtra to become the first state to have Transgender Welfare Board.
  • The President of India inaugurated the Mahamastakabhisheka Mahotsav 2018 of Gommateshwara Bhagwan Sri Bahubali Swami at Shravanabelagola, Karnataka.
  • Arunachal Pradesh CM Lays Foundation Stone for Rhododendron Park.

Sports News

  • India Clinched under-19 Cricket World Cup 2018.
  • Jhulan Goswami Becomes the 1st woman in the World to take 200 wickets in ODI.
  • Winter Olympic Games Starts in Pyeongchang, South Korea.
  • first Khelo India School Games concluded in New Delhi with sports powerhouse Haryana topped the overall medal tally.
  • Shubhankar Sharma Becomes Best Indian Golfer in The World.
Weekly Current Affairs February 2018: Week II Weekly Current Affairs February 2018: Week II Reviewed by Admin on February 12, 2018 Rating: 5

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