Current affairs 05 February 2025

India rises to become the World's 2nd largest mobile manufacturer.

• Over 300 mobile manufacturing units operational in India, up from 2 in 2014.
• 99.2% of mobile phones sold in India are now locally made.
• Manufacturing value surged from ₹18,900 Cr in FY14 to ₹4,22,000 Cr in FY24.
• Mobile phone exports crossed ₹1,29,000 Cr, marking a major industry shift.
• Focus now on semiconductor production & deepening electronics value chain.

CCI Approves POSCO India's Acquisition of POSCO Pune Shares.

• CCI approves POSCO India Processing Center's acquisition of POSCO Pune shares.
• The acquirer and target companies are subsidiaries of POSCO Holdings Inc.
• POSCO India specializes in processing and distributing value-added steel products.
• LX International Corporation is selling its entire shareholding in POSCO Pune.
• The detailed order from the Competition Commission will be released soon.

Nearly 864 km of India-Bangladesh border yet to be fenced.

• 864.482 km of the India-Bangladesh border remains unfenced, including 174.514 km of non-feasible gaps.
• Of the total 4,096.7 km border, 3,232.218 km has been fenced.
• Challenges include land acquisition, objections from Border Guard Bangladesh (BGB), and difficult terrain.
• Bangladesh raised concerns over new fencing; India emphasized adherence to agreements.

Govt Introduces Ayush Visa for Foreigners with Up to 5-Year Extension.

• Ayush visas granted for one year with up to three entries.
• Can be extended annually for up to five years with medical proof.
• Issued to foreign nationals seeking traditional Indian treatments.
• Extension requires a certificate from a recognized hospital in India.
• Applicants must show proof of self-funded treatment expenses.

Govt Allocates ₹10,900 Cr for PM e-DRIVE.

• 16.14 lakh electric vehicles supported under the FAME-II scheme.
• Scheme promotes EV adoption in both urban and rural areas.
• ₹10,900 crore allocated for PM e-DRIVE till March 2026.
• Support extended to e-bikes, e-trucks, e-buses, e-ambulances & charging stations.
• Minister Bhupathiraju Srinivasa Varma shared details in Lok Sabha.