{"id":130488,"date":"2023-02-28T13:35:10","date_gmt":"2023-02-28T08:05:10","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=130488"},"modified":"2023-02-28T13:35:13","modified_gmt":"2023-02-28T08:05:13","slug":"28-february-2023-current-affairs-the-days-top-news","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/28-february-2023-current-affairs-the-days-top-news\/","title":{"rendered":"28 February 2023 Current Affairs \u2013 The Day\u2019s Top News | GKSERIES"},"content":{"rendered":"\n

Current Affairs<\/strong>\u00a0is the most important area in all competitive exams. But the difficulty level is very high. That\u2019s why; many aspirants get confused, how to select Current Affairs for Preparation of Competitive Examination? In this Post,\u00a0Daily Current Affairs 28 February 2023<\/strong>, we have tried to cover each and every point and also included all important facts from National\/ International news that are useful for upcoming competitive examinations such as\u00a0UPSC, SSC, Railway, State Govt. etc.<\/strong><\/p>\n\n\n\n

So, here is the Top News of the Day for 28<\/strong> February 2023 to help you prepare the Latest Current Affairs part. After reading this section, you can successfully attempt Current Affairs Quiz<\/a>.<\/p>\n\n\n\n

Current Affairs for Competitive Exam \u2013 28<\/strong> February 2023<\/h2>\n\n\n\n

National Science Day 2023 celebrated on 28th February<\/a><\/h3>\n\n\n\n
\"National<\/figure>\n\n\n\n

National Science Day 2023:<\/strong> Every year on February 28th, National Science Day honours Chandrasekhara Venkata Raman, also known as C.V. Raman, an Indian scientist and physician who discovered the \u201cRaman Effect.\u201d Every year, it is celebrated to honour the value of science and to serve as a reminder of the influence it has had on humankind\u2019s way of life. In honour of India\u2019s G20 leadership, the event this year has the theme \u201cGlobal Science for Global Wellness.\u201d<\/p>\n\n\n\n

February 2023 Current Affairs Quiz<\/a><\/strong><\/p>\n\n\n\n

Notably: To commemorate the announcement of the discovery of the \u201cRaman Effect,\u201d the Government of India designated February 28 as National Science Day in 1986, under then Prime Minister Rajiv Gandhi.<\/p>\n\n\n\n

Raman was born to a family of Sanskrit scholars in Trichy (present-day Tiruchirapalli) in the Madras Presidency in 1888. At the age of only 16, He received a BA degree from Presidency College in Madras, and was placed first in his class. While studying for his MA degree, at the age of 18, he got published in the Philosophical Magazine: this was the first research paper ever published by Presidency College.<\/p>\n\n\n\n

What is the \u201cRaman Effect\u201d?<\/strong><\/p>\n\n\n\n

The Raman Effect is the phenomenon that occurs when a light stream passes through a liquid and a fraction of the light scattered by the liquid is of a different colour. This happens due to the change in the wavelength of light that occurs when a light beam is deflected by molecules.<\/p>\n\n\n\n

In general, when light interacts with an object, it can either be reflected, refracted or transmitted. One of the things that scientists look at when light is scattered is if the particle it interacts with is able to change its energy. The Raman Effect occurs when the change in energy of light is influenced by the vibrations of the molecule or material under study, resulting in a change in wavelength.<\/p>\n\n\n\n

In their first report to Nature, titled \u201cA New Type of Secondary Radiation,\u201d CV Raman and co-author KS Krishnan wrote that 60 different liquids had been studied, and all showed the same result \u2013 a tiny fraction of scattered light had a different colour than the incident light. \u201cIt is thus,\u201d Raman said, \u201ca phenomenon whose universal nature has to be recognised.\u201d<\/p>\n\n\n\n

The importance of the discovery<\/strong><\/p>\n\n\n\n

CV Raman\u2019s discovery took the world by storm as it had deep implications far beyond Raman\u2019s original intentions. \u201cThe character of the scattered radiations enables us to obtain an insight into the ultimate structure of the scattering substance,\u201d Raman said in his Nobel Prize speech in 1930. For quantum theory, in vogue in the scientific world at the time, Raman\u2019s discovery was crucial.<\/p>\n\n\n\n

The discovery would also find its use in chemistry, giving birth to a new field known as Raman spectroscopy as a basic analytical tool to conduct nondestructive chemical analysis for both organic and inorganic compounds. With the invention of lasers and the capabilities to concentrate much stronger beams of light, the uses of Raman spectroscopy have only ballooned over time.<\/p>\n\n\n\n

Shailesh Pathak named FICCI Secretary General<\/a><\/h3>\n\n\n\n
\"Shailesh<\/figure>\n\n\n\n

Shailesh Pathak named FICCI Secretary General:<\/strong> Former bureaucrat Shailesh Pathak has been appointed as the Federation of Indian Chambers of Commerce and Industry\u2019s new Secretary General (FICCI). On March 1, he will assume command. In a career spanning 37 years, Pathak has worked with the government as an IAS officer as well as helmed large companies in the private sector. Following graduation, he earned an MBA from IIM Calcutta in 1986. He has an LLB as well as a Diploma in Ornithology. He has scaled a 6831 metre peak in the Himalayas and has trekked extensively.<\/p>\n\n\n\n

February 2023 Current Affairs Quiz<\/a><\/strong><\/p>\n\n\n\n

Ficci also announced that Arun Chawla, Director General, will superannuate on June 30, 2023, and transition to an advisory role.<\/p>\n\n\n\n

About the FICCI:<\/strong><\/p>\n\n\n\n

FICCI, which was founded in 1927, is India\u2019s largest and oldest apex business organisation. Its history is closely interwoven with India\u2019s struggle for independence, its industrialization, and its emergence as one of the most rapidly growing global economies.<\/p>\n\n\n\n

A non-government, not-for-profit organisation, FICCI is the voice of India\u2019s business and industry. From influencing policy to encouraging debate, engaging with policy makers and civil society, FICCI articulates the views and concerns of industry. It serves members from the Indian private and public corporate sectors, as well as multinational corporations, drawing strength from diverse regional chambers of commerce and industry across states and reaching out to over 2,50,000 companies.<\/p>\n\n\n\n

FICCI provides a platform for networking and consensus building within and across sectors and is the first port of call for Indian industry, policy makers and the international business community.<\/p>\n\n\n\n

Pakistan Govt raises policy interest rate by 200 bps for IMF Bailout<\/a><\/h3>\n\n\n\n
\"Pakistan<\/figure>\n\n\n\n

Pakistan Govt raises policy interest rate by 200 bps for IMF Bailout:<\/strong> In the midst of a severe economic crisis, Pakistan\u2019s government has decided to raise the policy rate to 19% or 200 basis points, a 2% increase. It is currently at 17 percent.<\/p>\n\n\n\n

A new high in Pak\u2019s level of Interest rate:<\/strong><\/p>\n\n\n\n

The increase is based on rates the government set in the auction to raise domestic debt. This will push the interest rate to 19%, just below the previous record of 19.5% set in October 1996.<\/p>\n\n\n\n

February 2023 Current Affairs Quiz<\/a><\/strong><\/p>\n\n\n\n

Part of Pak-IMF Deal:<\/strong><\/p>\n\n\n\n

With the new decision, Pakistan has agreed to another IMF condition for the release of USD 1.1 billion in critical funding as part of the USD 6.5 billion bailout package. Sources in the Ministry of Finance maintained that a technical level discussion had virtually taken place between Islamabad and the IMF review mission. They said that there was expectation that Islamabad would increase the interest rate by two per cent. It was noted said that most of the pre-conditions of the global money lender\u2019s had been fulfilled. It was further learnt that Pakistan had given a detailed briefing to the IMF officials on the sources of foreign exchange till June. Earlier this month, the relevant Pakistani officials and the IMF staff concluded the ninth review of the $6.5 billion bailout package without a staff-level agreement. However, both sides agreed to a set of measures that could still help clinch the deal.<\/p>\n\n\n\n

Policy suggestions by IMF to Pak:<\/strong><\/p>\n\n\n\n

The Pakistani authorities had hoped to persuade the IMF to implement the conditions gradually, but their hopes were dashed during the IMF mission\u2019s 10-day visit. Pakistan agreed to implement the Memorandum of Economic and Financial Policies (MEFP), which contained policy suggestions by IMF. Officials still hoped that the staff-level agreement could be reached soon. There was broad agreement on allowing market forces to determine the rupee\u2019s value, lifting import restrictions, and allowing already imported goods to be cleared.<\/p>\n\n\n\n

Power Sector Crisis In Pak:<\/strong><\/p>\n\n\n\n

Sources said that discussion on some issues of the power sector was in the final stage after which the staff-level agreement with the IMF would be reached.<\/p>\n\n\n\n

Also the power tariff was to be increased and new taxes imposed to pave the way for the deal. However, because of a severity of the economic crisis, every agreed measure would be tough on an overwhelming majority of the Pakistani people.<\/p>\n\n\n\n

Lionel Messi scores 700th career club goal<\/a><\/h3>\n\n\n\n
\"Lionel<\/figure>\n\n\n\n

Lionel Messi scores 700th career club goal:<\/strong> Lionel Messi scored his 700th career club goal in Paris St. Germain\u2019s 3-0 victory over Marseille. With the goal, Messi became just the second player in history to score 700 career club goals, according to IFFHS (International Federation of Football History and Statistics). Messi\u2019s long-time rival Cristiano Ronaldo is the other player to do so. Meanwhile, Messi\u2019s rival Ronaldo has 709 goals in club competitions, including a hat-trick for Al-Nassr against Damac in the Saudi Pro League.<\/p>\n\n\n\n

February 2023 Current Affairs Quiz<\/a><\/strong><\/p>\n\n\n\n

Messi began his senior club career with FC Barcelona in 2004, playing the first 17 years of his club career with the squad. He scored a whopping 672 goals during his time with Barcelona, averaging roughly 40 goals per season over that stretch. Following the 2020-21 season, Messi joined PSG. The 35-year-old has only scored 28 goals in 62 appearances for the French club. He has, however, spent much of his time with PSG alongside Mbapp\u00e9 and Neymar. Messi wasn\u2019t the only PSG player to reach a significant milestone in Sunday\u2019s win. Mbapp\u00e9 scored the other two goals in the match, giving him 200 goals with PSG.<\/p>\n\n\n\n

Meta launches LLaMA model, a research tool more potent than OpenAI\u2019s GPT-3<\/a><\/h3>\n\n\n\n
\"Meta<\/figure>\n\n\n\n

LLaMA (Large Language Model Meta AI): <\/strong>Mark Zuckerberg, co-founder of Facebook, announced Meta Platforms\u2019 impending release to researchers of LLaMA, a new large language model (Large Language Model Meta AI). It\u2019s raining chatbots! After OpenAI\u2019s ChatGPT sparked a revolution, Google introduced its BARD and several others followed suit. The model, created by Meta\u2019s Fundamental AI Research (FAIR) team, is meant to help scientists and engineers investigate AI applications and functions such as answering questions and summarising documents.<\/p>\n\n\n\n

February 2023 Current Affairs Quiz<\/a><\/strong><\/p>\n\n\n\n

Notably: LLaMA, a set of foundation language models that range from 7B to 65B parameters. LLaMA-13B surpasses OpenAI\u2019s GPT-3 (175B) while being over ten times smaller, and LLaMA-65B is comparable to DeepMind\u2019s Chinchilla-70B and Google\u2019s PaLM-540B.<\/p>\n\n\n\n

The release of LLaMA comes as tech companies race to promote advances in AI techniques and integrate technology into their commercial products. As CNBC notes, Meta\u2019s release differentiates from competitors\u2019 models in that it will be available in a variety of sizes ranging from 7 billion to 65 billion parameters. Meta\u2019s launch of LLaMA may mark a major development in AI language models. The social media giant\u2019s commitment to open science and allowing researchers to study under a non-commercial license will limit the model\u2019s misuse. LLaMA\u2019s versatility and problem-solving potential may provide a glimpse of AI\u2019s substantial potential benefits to billions of people at scale.<\/p>\n\n\n\n

    Facebook parent company Meta Platforms, Inc. has officially changed its stock market ticker symbol to META from FB. The name change, first announced in October 2021, is effective on 9 June 2022.<\/p>\n\n\n\n

Important takeaways for all competitive exams:<\/strong><\/p>\n\n\n\n