Skip to content
Free updates Login

Daily Current Affairs: 8 February 2025

Current affairs of 8 February 2025: US Sanctions on ICC Officials: What Happened and ICC Basics; Global Trading System: Case for a Two-Tier Tariff Regime; AI Safety and Governance: Why India Needs a Seat, and 9 more topics. Key facts for every exam, with a quiz.

Take the quiz (10 questions)February 2025
12 TOPICSDaily CurrentAffairs8 February 2025In focus: US Sanctions on ICC Officials: What…safalsetu.com

In this issue: 12 topics

Government Schemes

  1. PM-KISAN Scheme: Targets vs Actual Reach

Banking & Finance

  1. RBI Repo Rate Cut to 6.25%: First Cut in Nearly Five Years
  2. LCR Norms Deferred: RBI Delays Liquidity Coverage Ratio
  3. Expected Credit Loss (ECL): Meaning, Steps and Users
  4. NDS-OM Access for Stock Brokers: RBI Opens G-Sec Trading

Economy

  1. New Income Tax Bill 2025: Curbing Tax Disputes

International Affairs

  1. US Sanctions on ICC Officials: What Happened and ICC Basics
  2. Global Trading System: Case for a Two-Tier Tariff Regime

Science & Technology

  1. AI Safety and Governance: Why India Needs a Seat
  2. BioE3 Policy: Biomanufacturing Push with States

Environment & Ecology

  1. Olive Ridley Turtle Deaths Off Tamil Nadu Coast

Defence & Security

  1. TROPEX 2025: Indian Navy’s Theatre Level Operational Exercise

Government Schemes

Banking & Finance

Economy

3. LCR Norms Deferred: RBI Delays Liquidity Coverage Ratio

  • RBI postponed the revised LCR guidelines from 1 April 2025 to 31 March 2026 at the earliest.
  • LCR equals High Quality Liquid Assets divided by total net cash outflows over 30 days, times 100; it must be at least 100%.
  • No fixed timeline yet for Expected Credit Loss norms; a draft is still awaited.
  • Project finance norms will be aligned with ECL guidelines.
Full notes and 3 MCQs ›

Economy

International Affairs

Economy

8. Global Trading System: Case for a Two-Tier Tariff Regime

  • The argument: the global trading system failed deficit countries because true free trade never existed.
  • China's trade surplus was put at $1 trillion in 2024, tied to subsidies, currency manipulation and market barriers.
  • China was said to lead in 57 of 64 critical technologies, per the Australian Strategic Policy Institute.
  • Proposal: higher tariffs on chronic-surplus, non-democratic nations and lower tariffs for democratic partners, reviewed over a rolling three years.
Full notes and 3 MCQs ›

Science & Technology

Environment & Ecology

Environment & Ecology

11. Olive Ridley Turtle Deaths Off Tamil Nadu Coast

  • Conservationists counted about 1,200 dead Olive Ridley turtles off Tamil Nadu, over three times the annual average.
  • Olive Ridley is the second-smallest and most abundant in the Cheloniidae family; IUCN status is Endangered.
  • Trawling and gill nets are the main cause; the Tamil Nadu Marine Fishing Regulation Act of 1983 bars trawlers within 5 nautical miles.
  • Turtle Excluder Devices (TEDs) are largely ignored by fishers.
Full notes and 3 MCQs ›

Defence & Security

Test yourself

10 questions from the news of 8 February 2025, with answers and explanations.

Start the quiz