Current Affairs for SSC CGL Exams - 25 February 2022

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SSC CGL Current Affairs

Current Affairs for SSC CGL Exams - 25 February 2022

::NATIONAL::

Safety, evacuation of all citizens is govt’s top priority, says India

The safety and evacuation of some 16,000 nationals became India’s immediate priority following the launch of a Russian military operation against Ukraine on Thursday, with authorities turning to alternative routes following the closure of Ukrainian airspace.
The Indian embassy in Kyiv issued three advisories during the day, urging Indians to remain safe in view of the “highly uncertain” situation and to avoid travel. It said alternative arrangements were being made for evacuation, and asked those in areas facing air raids or shelling to seek out bomb shelters.
Poland, Hungary, Romania and Slovakia were among the alternative evacuation routes identified by Indian authorities and two of the embassy’s advisories referred to the option of Indian nationals moving to the western border regions of Ukraine to leave the country.
The Indian embassy in Hungary sent a team to the border post at Zohanyi to assist the exit of Indians from Ukraine, and foreign secretary Harsh Shringla told a media briefing that three more teams would go to border regions of Poland, Slovakia and Romania. Some Indian officials from these four countries will also go across the border and set up camp offices at places such as Lviv and Chernivtsi in Ukraine to help Indians.
The Indian side was also working on complex issues related to evacuation through other countries, such as transport to the border, visas and vaccination certificates, people familiar with the matter said. The control room at the external affairs ministry in New Delhi was expanded and made operational round the clock. It handled 980 calls and 850 emails on Thursday alone.

::INTERNATIONAL::

G-10 currencies plummet as Dollar posts largest rally since 2020

A gauge of the dollar’s strength had its largest intraday gain in nearly two years as markets grappled with the biggest security threat in Europe in decades.
The Bloomberg Dollar Index rose as much as 1.4%, approaching its highest levels of the past year, before paring gains as U.S. technology shares rebounded. Traders flocked to the safety of the greenback after Russia’s invasion of Ukraine, sending the U.S. currency higher against all of its Group-of-10 peers.
On the continent, the euro dropped to a nearly seven-year low against the Swiss franc as investors flocked to haven assets. The pair dropped as much as 1%, the largest slide in more than three years, before rebounding slightly. The common currency posted an even bigger decline against the greenback, falling as much as 1.8% to 1.1106, its lowest level since June 2020.
Demand for the dollar crushed other European currencies, with those of Sweden, Norway and Denmark declining at least 1%. Even the Swiss franc, a traditional haven, lost ground against the dollar as Russian tanks moved into Ukraine.
The euro, for its part, erased what remained of gains accrued after the European Central Bank struck a more hawkish tone earlier this month. The invasion sent oil prices soaring, complicating the outlook for officials planning to tighten policy to deal with inflation that’s already at the highest in decades. Still, money-markets pared bets on interest-rate hikes.

::ECONOMY::

RBI cancels PC Financial Service's certificate of registration

The Reserve Bank of India (RBI) cancelled the certificate of registration of PC Financial Services, a non-banking finance company, which was engaged in mobile app-based lending business through its app called ‘Cashbean’, citing a number of violations including charging exorbitant rate of interest and other charges to its borrowers in an opaque manner.
The company violated the central bank’s directions on outsourcing and “Know Your Customer” norms and was also found to be charging very high interest rates and other charges from its borrowers in an opaque manner, the RBI said in a statement. It was also involved in unauthorised use of logos of RBI and Central Bureau of Investigation for recovery from its borrowers, which is a violation of the Fair Practices Code, the RBI said.
RBI has tightened its noose around digital lending applications, after it received hundreds of complaints during the pandemic that many apps were allegedly resorting to unfair practices, such as charging exorbitant rates, using illegal recovery practices, etc.

::SCIENCE AND TECH::

IIT Roorkee launches 'Kisan' mobile app in Uttarakhand

IIT Roorkeeorganised a regional farmers’ awareness program under GraminKrishiMausamSewa (GKMS) project and in continuation of the series of ‘AzadikaAmritMahotsav’. Farmers from Haridwar, Dehradun, and PauriGarhwal districts participated in the program.
Farmers and other stakeholders were sensitized about the Agromet Advisory Services jointly provided by the AMFU Roorkee and India Meteorological Department (IMD). A mobile App 'KISAN' has been launched for easy access to these services for farmers on their mobile phones.
Dr K K Singh, Additional Director General Meteorology, IMD, New Delhi apprised that the block-level weather forecast and weather based Agromet Advisory Bulletins are being provided to the farmers for all six blocks of Haridwar district by the AMFU Roorkee every Tuesday and Friday regularly. Farmers can now easily access these bulletins on their mobile phones through the 'Kisan' App.
He said that the special feature of the 'KISAN' App is that the weather forecast and advisory bulletin will be displayed only for the block selected by the farmer.
Dr. Singh added that the farmers can share their feedback about these bulletins, which would be helpful to improve the quality of bulletin as per farmers’ requirements.

::SPORTS::

SAAF and National Cross Country Athletics Championships to be held in Nagaland

The 2nd South Asian Athletic Federation (SAAF) Cross-Country championship and the 56th National Cross Country Athletics Championship will be held in Kohima on March 26, a top official of the Nagaland Athletic Association (NAA) said.
NAA president Abu Metha said on Tuesday the tournament was initially scheduled to be held on January 15 but the Athletics Federation of India (AFI) postponed it due to rapid spread of Omicron variant of coronavirus.