Current Affairs – February, 2017

Latest Current Affairs February, 2017 with Current Affairs, news summary on current events of National and International importance of February, 2017 for Banking, SSC, CLAT, UPSC, State PCS, IBPS, Railways and other Competitive Examinations.

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RBI sets up inter-disciplinary standing committee to review cyber threats

The Reserve Bank of India (RBI) has set up of an inter-disciplinary standing committee on cyber security to review the threats inherent in the existing and emerging technology.

The 11-member committee will be headed by Meena Hemchandra, RBI Executive Director. It can co-opt more experts and also operate through a framework of sub-committees to examine specific issues.

Key Facts
  • The committee will study adoption of various security standards and protocols, interface with stakeholders.
  • Based on study, it will suggest appropriate policy interventions to strengthen cyber security and resilience.

Based on the recommendations of the Expert Panel on Cyber Security and Information Technology Examination, RBI had issued guidelines to banks in June, 2016 mandating cyber security preparedness for addressing cyber risks. Since then banks have taken several steps to strengthen their defences, but the diverse and ingenious nature of cyber-attacks necessitates an ongoing review of the cyber security landscape and emerging threats. Even the statement on Developmental and Regulatory Policies also was issued along with the Sixth Bi-monthly Monetary Policy Statement, 2016-17 proposing constitution of inter-disciplinary Standing Committee on Cyber Security.

February 28: National Science Day

The National Science Day (NSD) i.e. Rashtriya Vigyan Diwas (राष्ट्रीय विज्ञान दिवस) is celebrated every year on February 28 in India. The 2017 theme is “Science and Technology for Specially Abled Persons”.

This day marks the epoch-making discovery of Raman Effect by Indian physicist Chandrasekhara Venkata Raman (CV Raman) on February 28, 1928. This discovery was awarded with the Nobel Prize in Physics in 1930.

This day is celebrated as science festival in the entire nation by organising science exhibitions, seminars, workshops, symposiums and many other activities.


The National Science Day was instituted by the Union Government in 1986 based on the demand of National Council for Science and Technology Communication (NCSTC) forwarded. The first National Science Day was celebrated on 28 February 1987.

What is Raman Effect?

Some part of light beam after passing through a transparent medium gets scattered. This phenomenon of scattering of light is termed as Raman Scattering and the cause of scattering is called the Raman Effect. The wavelength of these scattered rays is different from that of the incident rays of light.