1) Central Excise Day celebrated on 24th February across India
About Central Board of Indirect Taxes and Customs
•The Central Board of Indirect Taxes and Customs is formerly known as the Central Board of Excise and Customs. The Customs and Central Excise/ Central GST department was established to administer customs laws. Now the department is under the Department of Revenue, Ministry of Finance which deals with the policy formulation concerning levy and collection of Customs, Central Excise duties, Central Goods & Services Tax and IGST, prevention of smuggling and administration of matters relating to Customs, Central Excise, Central Goods & Services Tax, IGST and Narcotics to the extent under CBIC’s purview.
•The Board is the administrative authority for its subordinate organizations, including Custom Houses, Central Excise and Central GST Commissionerates and the Central Revenues Control Laboratory.
2) Elections for 55 Rajya Sabha seats to be conducted on March 26
•Prominent leaders who are retiring in April, are NCP leader Sharad Pawar, Union Minister Ramdas Athawale, Congress veteran Motilal Vora, Digvijay Singh of Congress and former Union Minister Vijay Goel. Maximum seven seats are falling vacant in Maharashtra followed by six seats in Tamil Nadu.
3) South Sudan rebel leader Riek Machar sworn in as vice president
4) Malaysian Prime Minister Mahathir Mohamad resigns
•Bersatu had been part of the governing Pakatan Harapan alliance, which he joined in 2018 together with Mr Anwar, and which won the 2018 vote, ending more than six decades of rule by the Barisan Nasional (BN) coalition. Mahathir was Malaysia’s prime minister from 1981 to 2003. He became premier again after winning the 2018 general elections against the coalition he once led, Barisan Nasional.
5) Adline Castelino wins Miss Diva Universe 2020
•Aavriti Choudhary of Jabalpur, Madhya Pradesh crowned as LIVA Miss Diva Supranational 2020 and was crowned by his predecessor Shefali Sood. She will be India’s contender for Miss Supranational pageant 2020.
6) NABARD sanctions Rs 400.64 Cr to boost infrastructure in J&K
•An amount of 143.66 crore rupees has been sanctioned for implementation of 38 water supply schemes. The sanction includes augmentation of 27 existing water supply schemes and construction of 11 new water supply schemes. These water supply schemes are aimed at providing safe and potable drinking water to rural households.
•The schemes will benefit over 3.5 lakh people across 86 villages in 17 districts. An amount of 47.11 crore rupees has been sanctioned towards improving the Animal and Sheep Husbandry sectors. It includes the construction of Cattle Breeding Farm at Chatha Jammu.
•NABARD has also sanctioned 209.87 crore rupees for construction of 82 rural roads and 3 bridges earlier this year. The construction of roads and bridges would provide all-weather improved connectivity to 461 remote villages. The funding is a part of the NABARD’s Rural Infrastructure Development Fund (RIDF) which is aimed at augmenting rural infrastructure.
7) US becomes India’s top trading partner, surpassing China
•The countries will finalise a free trade agreement (FTA), then the bilateral trade would reach different levels. FTA with the US will be very beneficial for India as the US is the biggest market for domestic goods and services.
•India’s exports, as well as imports, are increasing with the US, while with China both are declining. America is one of the few countries with which India has a trade surplus. On the other hand, India has a huge trade deficit with China. The data showed that China was India’s top trading partner since 2013-14 till 2017-18.
8) ‘Death: An Inside Story’ book released by Venkaiah Naidu
9) India will host Commonwealth Shooting and Archery Championships 2022
•The decision is being considered a big win for India after IOA threatened to boycott the 2022 Birmingham Games for dropping shooting from the roster in July last year.