Current Affairs for February 28, 2025
Stay updated with the latest national and international news, business updates, and sports highlights from February 28, 2025.
National News
1. India and Australia Sign Landmark Trade Agreement
India and Australia have signed a landmark trade agreement to boost bilateral trade and investment. Signed by Indian Commerce Minister Piyush Goyal and Australian Trade Minister Don Farrell, the deal is expected to increase trade by over 50% in the next five years, strengthening economic ties between the two nations.
2. Government Launches Financial Assistance Scheme for Farmers
The Indian government has introduced a new scheme to provide financial aid to farmers affected by natural disasters. Agriculture Minister Narendra Singh Tomar announced that farmers who have lost crops due to natural calamities will receive financial assistance of up to ₹10,000.
3. Supreme Court Stays Implementation of CAA
The Supreme Court of India has put a temporary stay on the implementation of the Citizenship Amendment Act (CAA) following multiple petitions challenging its constitutional validity. The court has also issued a notice to the central government seeking a response.
International News
1. US and China Sign Phase 2 Trade Deal
The United States and China have signed the Phase 2 trade deal to ease trade tensions and boost economic cooperation. Signed by US Trade Representative Katherine Tai and Chinese Vice Premier Liu He, the agreement includes a commitment from China to increase purchases of US goods and services by over $200 billion within two years.
2. European Union Imposes Sanctions on Russia
The European Union has imposed new sanctions on Russia in response to ongoing conflicts in Ukraine. The sanctions, announced by EU foreign policy chief Josep Borrell, target key Russian officials and companies involved in the crisis.
3. WHO Declares Global Health Emergency Over Coronavirus
The World Health Organization (WHO) has declared a global health emergency due to the coronavirus outbreak. WHO Director-General Tedros Adhanom Ghebreyesus stated that the declaration will help mobilize international resources to combat the virus.
Business News
1. Sensex Falls Over 200 Points Amid Market Volatility
The Indian stock market experienced a decline, with the Sensex dropping over 200 points due to global economic uncertainty caused by the coronavirus outbreak. Banking and financial stocks saw the most significant losses, bringing the index down to 41,452.49.
2. Rupee Weakens to 74.50 Against US Dollar
The Indian rupee depreciated to 74.50 against the US dollar amid fears of an economic slowdown triggered by the coronavirus outbreak. Investors are adopting a cautious approach due to global market instability.
3. Government Announces Economic Boost Measures
To stimulate economic growth, the Indian government has announced key measures, including a reduction in corporate tax rates and increased public spending on infrastructure projects. These steps aim to drive investment and create employment opportunities.
Sports News
1. India Defeats Australia in Thrilling Cricket Match
In an exciting cricket match at the Melbourne Cricket Ground, India secured a five-wicket victory over Australia, leveling the series at 1-1. The thrilling encounter saw exceptional performances from both teams.
2. Virat Kohli Becomes Fastest Batsman to Reach 12,000 Runs
Indian cricket captain Virat Kohli has set a new record by becoming the fastest batsman to reach 12,000 runs in international cricket. He achieved this milestone in just 242 innings, surpassing previous records.
3. India Wins Gold in Women's Hockey at Asian Games
The Indian women's hockey team clinched a historic gold medal at the Asian Games, defeating China 2-1 in the final. The victory marks a significant achievement for Indian hockey on the international stage.
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