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Weekly Current Affairs February 2018: Week II

Published on February 12, 2018
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.

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