Daily Current Affairs in Telugu | 22 February 2025 | Hareesh Academy | APPSC | TGPSC | Group-2 | SI

February 23, 2025 Daily News Summary - Harish Academy (Comprehensive)

Economy & Appointments

Key Appointments Extended

• NITI Aayog CEO: BVR Subrahmanyam's term extended for another year. He was initially appointed in Feb 2023 for 2 years and is from the 1987 IAS batch.
• Chief Economic Advisor: V. Anantha Nageswaran's tenure extended until March 31, 2027. He is responsible for preparing the annual Economic Survey.

Economic Growth & Forecasts

• Moody's GDP Forecast: Moody's Analytics projects India's GDP growth at 6.4% for the year 2025.

Defense & Manufacturing

• BEL Defense Contract: Defense Ministry awards ₹1220 crore contract to Bharat Electronics Limited (BEL) to supply 149 advanced radios to the defense sector.

MSME & Energy Efficiency

• ASIST Scheme: New ASIST scheme (Assist for Development of Energy Efficiency Technologies in Industrial Establishments) launched by the Bureau of Energy Efficiency to aid energy efficiency in MSMEs through technology-based financial assistance. MSMEs provide approximately 80% of industrial employment in India.

Health & Global Concerns

Global Health Threat Recognition

• Brain Swelling (Encephalitis): WHO has declared brain swelling, identified as an autoimmune condition, as an international public health threat. WHO and Encephalitis International are collaborating on information and prevention efforts.

Economy & Future Outlook

India's Economic Potential by 2047

• Bain & NASSCOM Report: Projects India to become a high-income nation by 2047. Key projections include:
  • GDP reaching $23 to $35 trillion (₹1978 to 3010 lakh crore).
  • Service sector to be the primary growth driver, contributing 60% to GDP.
  • Manufacturing sector expected to contribute 32% to GDP.

Law & Judiciary

Judicial Independence and Lokpal

• Lokpal Jurisdiction Stayed: Supreme Court stays Lokpal orders that claimed authority to investigate Supreme Court and High Court judges. The Supreme Court cited concerns about the orders potentially affecting judicial independence and the doctrine of separation of powers.

Trade & Agriculture

Agricultural Export Expansion

• Pomegranate Export to Australia: India achieves first-ever shipment of pomegranates to Australia.
• APEDA's Role: The Agricultural and Processed Food Products Export Development Authority (APEDA) is facilitating these agricultural exports under the Ministry of Commerce, headed by Piyush Goyal.

Corporate Leadership

Indian Origin Leaders in Global Companies

• Hurun Global India Rich List: Hurun Report's list highlights top global companies led by individuals of Indian origin. Top leaders mentioned include:
  • Satya Nadella (Microsoft)
  • Sundar Pichai (Alphabet/Google)
  • Neel Mohan (YouTube)
  • And 7 others (Thomas Kurian, Shantanu Narayen, Sanjiv Lamba, Vasant Narasimhan, Arvind Krishna, Vimal Kapur, Kevin Lobo).
• Criteria: The list includes 200 companies, each with a market value of at least $1 billion.

Awards & Recognition

Persons in News

• Time's Woman of the Year: Purnima Devi Barman, an environmentalist and biologist from Assam, recognized by Time Magazine for her environmental work.
• FBI Director Appointment: Kash Patel, of Indian origin, appointed as Director General of the FBI in the US.

Sports Achievement

Sports Title

• Asian Snooker Championship: Pankaj Advani secures his 14th Asian Snooker title, adding to his 36th National title win.

Thank you.