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RBI Conducts $ 10 Billion Dollar / Rupee Swap Auction ( current affairs)

The (RBI) has announced $10 billion three-year dollar/rupee swap auction. Scheduled for February 28, this initiative aims to address the persistent liquidity deficits within the banking system. The RBI’s recent actions reflect a proactive approach to stabilising the financial landscape amidst ongoing cash shortages.

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Biodiversity Loss Driven by Global Consumption Patterns

Recent research marks the impact of developed countries on global . A study by Princeton University published in February 2025 reveals that consumption patterns in high-income nations are a major driver of species decline in other countries. This research quantifies how agricultural and forestry imports lead to environmental degradation abroad, particularly in tropical regions.

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DRDO’s New Cold Weather Clothing System HIMKAVACH

The Defence Research and Development Organisation (DRDO) has made advancements in military clothing technology. The HIMKAVACH multi-layer clothing system has successfully passed user trials, demonstrating its effectiveness in extreme cold weather conditions. This innovative clothing is specifically designed for operational use in the  where temperatures can drop drastically. The system is engineered to function within a temperature range of +20°C to -60°C.

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Court's Decision on Non-Cognizable Offenses

The Supreme Court outlined the guidelines for police inquiries into major and non-serious offenses in January 2025. The Court emphasized the need of protections for non-cognizable offenses by making a distinction between cognizable and non-cognizable offenses. A case involving accusations made against an appellant under certain provisions of the Indian Penal Code (IPC) gave rise to this decision.

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Reduction in India's Rural-Urban Migration

Recent data from a study titled ‘400 Million Dreams!’ by the Economic Advisory Council to the Prime Minister (EAC-PM) indicates decline in rural to urban migration in India. The report reveals a reduction of 5.4 million migrants, or 11.8 per cent, compared to 2011. This decline is attributed to various factors, including improved government services and better economic opportunities in rural areas.

 

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