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Current Affairs 3 February 2022

Current Affairs 3 February 2022

Dear aspirants, to crack any type of competitive examination current affairs plays a significant role and for that we are providing daily important news that are most important for your examination. So we are here for you to provide the important Recent and Latest Current Affairs 3 February 2022.

Current Affairs 3 February 2022 includes all newspapers such as The Hindu, The Economic Times, Business Standard, Times of India, PTI, Indian Express, and all Government official websites.

 News Headlines 

  1. Highlights of union budget
  2. Sony buys ‘Destiny’ game developer Bungie for $3.6 billion
  3. India & Oman review progress in military-to-military engagements
  4. Prime Minister’s Development Initiative for North-East, PM-DevINE scheme announced in Budget 2022-23
  5. RBI to Issue Digital Rupee Starting from 2022-23
  6. GAIL starts India’s maiden project of blending hydrogen into CGD network
  7. Lt Gen GAV Reddy Succeeds Lt Gen KJS Dhillon As Defence Intelligence Agency Head
  8. PR Sreejesh becomes first Indian man to win World Games Athlet-e of the Year Award
  9. Economic Survey GDP forecast of 8-8.5% optimistic
  10. PM Modi congratulates PM of Portugal Antonio Costa on re-election
  11. Former RBI governor Urjit Patel resigns as independent director of Britannia Industries Limited

 News Details 

1. Highlights of union budget

  • India’s economic growth is estimated at 9.2% to be the highest among all large economies.
  • PLI Schemes have the potential to create an additional production of Rs 30 lakh crore.
  • In 2022-23, States will be allowed a fiscal deficit of 4% of GSDP, of which 5% will be tied to power sector reforms.

Sony buys 'Destiny' game developer Bungie for $3.6 billion

2. Sony buys ‘Destiny’ game developer Bungie for $3.6 billion

  • Sony Group Corp. is purchasing Bungie Inc., the U.S. video game developer behind the popular Destiny and Halo franchises, for $3.6 billion to bolster its stable of game-making studios.
  • Buying Bungie will give Sony one of the most popular first-person shooter games to compete with the massive Call of Duty series, which Sony’s main rival now owns through Activision.

India & Oman review progress in military-to-military engagements

3. India & Oman review progress in military-to-military engagements

  • India & Oman review progress in military-to-military engagements during 11th Joint Military Cooperation Committee Meeting (JMCC) in New Delhi.
  • During the meeting, the two sides reviewed the progress made in military-to-military engagements, including joint exercises, industry cooperation and various ongoing infrastructure projects.

Prime Minister’s Development Initiative for North-East, PM-DevINE scheme announced in Budget 2022-23

4. Prime Minister’s Development Initiative for North-East, PM-DevINE scheme announced in Budget 2022-23

  • A new scheme, Prime Minister’s Development Initiative for North-East, PM-DevINE was announced by the Union Minister for Finance in the Union Budget 2022-23.
  • The scheme will be implemented through the North-Eastern Council.
  • An initial allocation of Rs. 1,500 crore will be made.
  • It will fund infrastructure, in the spirit of PM GatiShakti, and social development projects.

RBI to Issue Digital Rupee Starting from 2022-23

5. RBI to Issue Digital Rupee Starting from 2022-23

  • While presenting the budget 2022-23, the Union Minister for Finance (Nirmala Sitharaman) proposed to introduce Digital Rupee, using blockchain and other technologies.
  • The Digital Rupee to be issued by the Reserve Bank of India starting 2022-23.
  • She elaborated that introduction of Central Bank Digital Currency (CBDC) would give a big boost to the digital economy.

GAIL starts India’s maiden project of blending hydrogen into CGD network

6. GAIL starts India’s maiden project of blending hydrogen into CGD network

  • The Gas Authority of India Limited (GAIL) has commenced India’s first-of-its-kind project of mixing hydrogen into a natural gas system at Indore, Madhya Pradesh.
  • The hydrogen blended natural gas will be supplied to Avantika Gas Limited, one of GAIL’s Joint Venture (JV) Company with HPCL, operating in Indore.
  • GAIL Chairman & MD : Manoj Jain.

Lt Gen GAV Reddy Succeeds Lt Gen KJS Dhillon As Defence Intelligence Agency Head

7. Lt Gen GAV Reddy Succeeds Lt Gen KJS Dhillon As Defence Intelligence Agency Head

  • Lieutenant General GAV Reddy, SC, has been appointed as the new head of the Defence Intelligence Agency.
  • General Reddy would be succeeding Lt Gen KJS Dhillon.
  • The Director-General of the Defence Intelligence Agency is the head of the organisation.
  • It is among the principal advisors on intelligence to the Minister of Defence and the Chief of Defence Staff.
  • The first Director-General of the Defence Intelligence Agency (DIA) was Lt Gen Kamal Davar.

PR Sreejesh becomes first Indian man to win World Games Athlet-e of the Year Award

8. PR Sreejesh becomes first Indian man to win World Games Athlet-e of the Year Award

  • Veteran Indian hockey goalkeeper PR Sreejesh won the prestigious World Games Athlete of the Year for his 2021 performances.
  • He became only the second Indian to receive the
  • Sreejesh became the first man and second hockey player to win the award, following in the footsteps of compatriot and India women’s captain Rani, who took the 2019 prize.

Economic Survey GDP forecast of 8-8.5% optimistic

9. Economic Survey GDP forecast of 8-8.5% optimistic

  • The Economic Survey’s GDP forecast of 8-8.5% for the next fiscal is optimistic and the Union Budget is expected to focus on fiscal management and reforms to give a booster dose to the economy.
  • The Survey’s GDP growth forecast of 2% for this year and 8-8.5% for the next year will catapult India as the fastest growing major economy of the world for two consecutive years.

PM Modi congratulates PM of Portugal Antonio Costa on re-election

10. PM Modi congratulates PM of Portugal Antonio Costa on re-election

  • Prime Minister António Costa won re-election to his third consecutive term during the general election in Portugal as the new far-right party Chega took ground in the country’s Parliament.
  • The Socialist Party won about 7% of the vote, giving them an absolute majority in Parliament for the first time since taking power six years ago.
  • The party now controls at least 117 seats in the 230-seat Parliament.

Former RBI governor Urjit Patel resigns as independent director of Britannia Industries Limited

11. Former RBI governor Urjit Patel resigns as independent director of Britannia Industries Limited

  • Former Reserve Bank of India (RBI) governor Urjit Patel has resigned from the post of non-executive and independent director of Britannia Industries Limited, citing a full-time work assignment starting next month.
  • He was a part of the Board of the Company.
  • Patel also confirmed that there was no other reason other than his new project for the resignation.

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