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Current Affairs in Short: 24 February 2022

CA in short 24 Feb 2022

The government has given Rs. 18,000 crore returned to banks in Nirav Modi, Vijay Mallya and Mehul Choksi cases

• The Government of India informed the Supreme Court that Rs. Rs 18,000 crore has been returned to banks in Nirav Modi, Vijay Mallya and Mehul Choksi cases.

• Solicitor General Tushar Mehta, representing the government, submitted before the apex court that the total income of offenses in PMLA cases pending before the court was Rs. 67,000 crores.

• He said that till now 4700 cases are being investigated by the Enforcement Directorate.

• The apex court was hearing several petitions challenging the wide scope of powers available to the Enforcement Directorate for confiscation, search, attachment and investigation of proceeds of crime.

PM Modi will meet today on Ukraine crisis

• Prime Minister Modi will meet Union Finance Minister Nirmala Sitharaman along with other officials on the evening of February 24, 2022, to discuss the economic impact of the Russia-Ukraine crisis.

• The officials will also discuss ways to mitigate the impact of rising crude oil prices. Russian military has fired missiles at Ukraine after President Putin authorized a military operation in Ukraine.

• The Finance Minister also said that she will meet Prime Minister Modi to discuss the situation arising out of the current Russia-Ukraine crisis.

• Markets have crept up recently due to Russia’s attack on Ukraine. The 30-share benchmark Sensex has broken over 2,700 points amid Ukraine’s aggression.

• Earlier, the Indian Embassy in Ukraine had informed that special flights to pick up Indian nationals were canceled as Ukrainian airspace was closed.

India wants peace to prevail: Defense Minister Rajnath Singh

• Union Defense Minister Rajnath Singh, while talking about the Russia-Ukraine crisis, said that India wants peace and no situation leading to war should arise.

• He further said that the Government of India is taking all measures to bring back its citizens to India.

• Amidst the closure of Ukrainian airspace, the Indian Embassy in Ukraine had said that alternative arrangements were being made to evacuate Indian nationals.

Indian Army got new aircraft systems for surveillance

• The Indian Army said on February 23, 2022 that it has acquired remote-operated mini aircraft systems. It will further enhance its surveillance capabilities in high altitude areas.

• The Indian Army is focusing on strengthening its surveillance mechanism along the LAC with China as part of a comprehensive strategy.

• The Indian Army, via a tweet, informed that new aircraft systems for surveillance have been acquired as part of the ongoing modernization and incorporation of niche and emerging technologies at the strategic level.

• The Indian Army has initiated several measures to strengthen its surveillance mechanism along the Line of Actual Control following the eastern Ladakh standoff.

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