Daily Current Affairs Quiz : September 14, 2023

Notes:
On the sidelines of the G20 Summit in New Delhi, several countries, including India, the US, Saudi Arabia, the European Union, the UAE, France, Germany, and Italy, signed a Memorandum of Understanding (MoU) to establish the India – Middle East – Europe Economic Corridor (IMEC).
IMEC is envisioned as a network of transport corridors comprising railway lines and sea lanes to promote economic integration between Asia, the Arabian Gulf, and Europe. This initiative is part of the Partnership for Global Infrastructure Investment (PGII).

Notes:
The African Union (AU) has been granted permanent membership in the G20 during the 18th G20 Heads of State and Government Summit in New Delhi.
The AU, comprising 55 African member states, was established in 2002 to promote an integrated, prosperous, and peaceful Africa driven by its citizens. It serves as a platform for addressing various social, economic, and political challenges in Africa while emphasizing unity and solidarity among African nations.

Notes:
The State Bank of India, country’s largest lender, has launched the ‘Nation First Transit Card’ facilitate the seamless customer commuting experience and ensure easy digital ticketing fare payments in metro, buses, water ferries, parking, etc., through a single card.
In addition, individuals can also use this card for making retail and e-commerce payments.

Notes:
The International Monetary Fund and Financial Stability Board has recommended cross border co-operation and information sharing for consistent regulation of crypto assets, the two said in a joint report to the Group of 20 nations.
As per the Synthesis Paper, the FSB will, by 2025-end, conduct a review of the status of the implementation of the two sets of high-level recommendations at the jurisdictional level.

Notes:
The United Kingdom (UK) is all set to return to the flagship Horizon Europe science research programme, Prime Minister Rishi Sunak confirmed.
The country’s researchers are now eligible for €95 billion grants and can bid to take part in projects under the programme.