Home » Current Affairs – 18 February 2026

Current Affairs – 18 February 2026

Current Affairs – 18 February 2026

🌍 International Affairs

🔹 Global Climate Adaptation Fund Expansion

  • The Green Climate Fund approved USD 2.4 billion for climate adaptation projects.

  • Beneficiary regions include South Asia, Sub-Saharan Africa, and Pacific Island nations.

  • Focus areas: coastal protection, drought-resistant agriculture, and climate-resilient infrastructure.

  • India welcomed the decision as it strengthens climate financing support for developing countries.

🔹 India–France Defence Cooperation Dialogue

  • India and France held strategic defence consultations in Paris.

  • Discussions focused on:

    • Joint production of next-generation fighter jet engines.

    • Expansion of cooperation in maritime security in the Indo-Pacific.

    • Enhancing submarine technology collaboration.

  • France reaffirmed support for India’s defence indigenisation initiatives.

🔹 UN Security Council Debate on AI Governance

  • The UN Security Council conducted a high-level debate on risks posed by artificial intelligence in warfare.

  • Member states discussed creating global norms to regulate autonomous weapons.

  • India emphasized ethical AI deployment and sovereign data governance.


🇮🇳 National Affairs

🔹 Cabinet Approval for National Logistics Efficiency Program

  • Union Cabinet approved ₹18,500 crore logistics modernization plan.

  • Objective: reduce logistics cost from 13–14% of GDP to below 9%.

  • Includes:

    • AI-enabled freight tracking.

    • Multimodal cargo hubs.

    • Integration with PM Gati Shakti digital platform.

🔹 Digital Agriculture Mission Expansion

  • Ministry of Agriculture expanded digital farm registry coverage to 12 additional states.

  • Farmers receive:

    • satellite-based crop monitoring,

    • AI advisory services,

    • direct integration with crop insurance schemes.

  • Over 8.7 crore farmers now enrolled nationwide.

🔹 Supreme Court Guidelines on Digital Privacy

  • The Supreme Court issued guidelines strengthening data protection in mobile apps.

  • Mandatory:

    • explicit consent for data usage,

    • transparency in data storage,

    • grievance redressal mechanisms.

  • Non-compliance may attract penalties under IT regulations.


💰 Economy & Banking

🔹 RBI Digital Rupee Pilot Expansion

  • RBI expanded CBDC retail pilot to 5 additional cities, taking the total to 20 cities.

  • Participating banks increased to 18 banks.

  • Use cases include:

    • offline transactions,

    • programmable payments,

    • government subsidy transfers.

🔹 India’s Wholesale Inflation Update

  • Wholesale Price Index (WPI) inflation stood at 2.9% (January 2026).

  • Decline driven by:

    • falling fuel prices,

    • easing food inflation,

    • improved supply chains.

🔹 Public Sector Banks Credit Growth Data

  • PSB credit growth recorded 11.3% year-on-year.

  • MSME lending rose 14.8%, reflecting credit demand revival.

  • Retail loan portfolio remains the fastest growing segment.


🛡 Defence & Security

🔹 DRDO Successfully Tests Advanced Loitering Munition

  • DRDO tested an indigenous loitering munition system with a range exceeding 50 km.

  • Features:

    • real-time surveillance,

    • precision strike capability,

    • autonomous navigation.

🔹 Indian Navy Conducts Anti-Submarine Warfare Exercise

  • Conducted in the Arabian Sea.

  • Participating assets:

    • P-8I maritime patrol aircraft,

    • stealth frigates,

    • submarine hunting helicopters.

  • Objective: enhance underwater threat detection capability.


🏗 Infrastructure & Development

🔹 Inauguration of Eastern Freight Corridor Section

  • A 128 km rail freight section was inaugurated connecting industrial clusters.

  • Expected to:

    • reduce freight transit time by 40%,

    • improve coal and cement supply efficiency.

🔹 Smart City Mobility Project Launch

  • Electric bus rapid transit system launched in Indore.

  • Fleet includes 150 electric buses.

  • Expected reduction: 22,000 tonnes CO₂ annually.


👩‍⚖️ Appointments & Resignations

🔹 New Chief Election Commissioner Appointed

  • Rajiv Kumar Verma appointed as the Chief Election Commissioner of India.

  • Previously served as Election Commissioner.

  • Known for introducing digital voter verification initiatives.

🔹 CEO Appointment in Banking Sector

  • Anita Mehra appointed Managing Director & CEO of Punjab & Sind Bank.

  • Over 30 years of banking experience in retail credit and risk management.


🏆 Awards & Honours

🔹 Global Energy Leadership Award

  • Indian renewable energy pioneer Dr. Ajay Mathur received the award for contributions to global clean energy transition.

  • Recognized for scaling solar energy adoption in developing nations.

🔹 Sahitya Akademi Translation Prize

  • Awarded to Dr. Meenakshi Iyer for translating classical Tamil literature into Hindi.


⚽ Sports News

🔹 ICC Champions Trophy 2026 Preparations

  • ICC confirmed final venue upgrades in Lahore and Dubai.

  • Tournament scheduled to begin March 2026.

🔹 Pro Kabaddi League Season 12 Auction Highlights

  • Pawan Sehrawat became the most expensive player at ₹2.9 crore.

  • Over 500 players participated in the auction.

🔹 ISSF Shooting World Cup – India Wins Gold

  • Rudrankksh Patil won gold in 10m Air Rifle event.

  • India’s medal tally: 2 Gold, 1 Silver.


📚 Important Days Observed

🔹 18 February – Global Tourism Resilience Day

  • Promotes sustainable and resilient tourism practices.

  • First observed in 2023 following UN resolution.


📊 Key Facts for Exams

  • Logistics cost target: below 9% of GDP

  • Digital agriculture coverage: 8.7 crore farmers

  • RBI CBDC pilot cities: 20

  • WPI inflation (Jan 2026): 2.9%

  • Loitering munition range: 50+ km

  • Electric bus fleet launched: 150 buses