24th February 2026 Daily Current Affairs

🌍 1. International Affairs

🇺🇦 Russia–Ukraine War: 4th Anniversary

Ukraine marked 4 years since the Russia full-scale invasion began. President Volodymyr Zelenskyy reaffirmed resilience and highlighted Russia’s minimal territorial gains. Western allies reiterated support, calling for continued aid and sanctions.

🌐 Global Economic Developments

New 10% global tariffs by the U.S. came into effect after a Supreme Court decision, affecting trade partners including the EU and UK.

Meta signed a $60 billion deal with Advanced Micro Devices (AMD) for AI chips, boosting technology sector markets.

🇮🇳 2. India & Regional News

📉 India Removes MFN Status in Tax Treaty with France

India removed the Most Favoured Nation clause from its Double Taxation Avoidance deal with France. This means tax benefits must be specifically negotiated, tightening treaty clarity.

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🇮🇱 Historic India–Israel Diplomacy

Prime Minister Narendra Modi is set to become the first Indian PM to address the Knesset (Israel’s Parliament) starting 25 Feb 2026, underlining strengthening bilateral ties.

🇷🇺 Energy Imports

India remained the second-largest buyer of Russian fossil fuels in January 2026 despite declining volumes, with crude oil dominating imports.

🌐 3. Strategic & Global Cooperation

🇺🇸 Pax Silica Coalition

India joined the USA-led Pax Silica Coalition, a strategic partnership to secure semiconductor and AI supply chains and reduce dependency on China’s technology ecosystem.

⚖️ 4. Observances & Important Days

📅 Central Excise Day (India)

India observes Central Excise Day on 24 February, marking the enactment of the 1944 Central Excise and Salt Act that unified earlier excise laws.

📊 5. Miscellaneous Highlights

Thailand’s economic performance showed strong export growth for the 19th consecutive month.

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Helicopter accidents reported in Iran and Peru, with casualties.

🏆 Exam-Oriented Current Affairs Focus

Useful for competitive exams like UPSC/Banking/SSC:

Trade policy changes (MFN removal).

India’s role in global tech coalitions (Pax Silica).

Strategic diplomatic milestone (Modi in Knesset).

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