Current Affairs Quiz - April, 2023

Notes:
SEBI decided to set up a corporate debt market development fund in the form of an Alternative Investment Fund.
Corporate Debt Market Development Fund will be set up with an initial corpus of Rs 3,000 crore. It will function as a backstop facility for buying investment grade corporate debt securities during stressful times.

Notes:
The World Bank approved 100 million USD loan for the implementation of the Odisha State Capability and Resilient Growth Program.
This program will help the state strengthen early forecasting system for disaster management and provide social protection coverage for vulnerable households.

Notes:
Higher Education Financing Agency (HEFA) is a joint venture of Education Ministry, Government of India and Canara Bank for financing creation of capital assets in premier institutions.
A Parliamentary panel has recently directed the Education Ministry to fast track the process of disbursing sanctioned loans by the HEFA.

Notes:
As of 2023, there is no fees levied on regular bank-to-bank UPI transactions, as per the National Payments Corporation of India (NPCI).
NPCI, which owns and runs the Unified Payments Interface (UPI), said that it has implemented fees on UPI transactions on only Prepaid Payment Instrument (PPI) merchant transactions.

Notes:
Utkala Dibasa (Odisha Day) is observed on April 1. It commemorates the formation of the Indian State of Odisha after its separation from Bihar and the Orissa Province.
The addition of the Koraput District and Ganjam District from the Madras Presidency on 1 April 1936.

Notes:
An ODF Plus Village is the one that sustains is ODF status and ensures management of solid and liquid wastes while remaining visually clean.
Currently, more than 40 percent of inhabited villages in India have declared themselves ODF plus.

Notes:
The Indian government unveiled its Foreign Trade Policy 2023 which seeks to boost merchandise and services exports by USD 2 trillion by 2030 from the current level of USD 765 billion.
The Policy also seeks to make the Indian Rupee the global currency in settling international trade payments.

Notes:
The government has raised the interest rates across all small savings schemes except the post office savings deposit and the Public Provident Fund (PPF) for the April-June 2023 quarter.
The Sukanya Samriddhi Account Scheme too will enjoy a higher rate of interest – up from the existing 7.6 percent to 8 percent. The interest rate on the National Savings Certificate (NSC) has been hiked from 7 percent to 7.7 percent for the April – June 2023 quarter.

Notes:
India’s Goods and Services Tax (GST) revenue collection for the month of March 2023 is stood at 1.6 lakh crore rupees.
This is 13 percent higher than the GST revenues in the same month of last year. It is for the fourth time, in the current financial year that the gross GST collection has crossed 1.5 lakh crore rupees, since the implementation of GST.

Notes:
The Himachal Pradesh recently repealed the Loktantra Prahari Samman Act.
The Act provides a monthly pension of Rs 20,000 and Rs 12,000 to the people who lodged in jails during the Emergency from 1975 to 1977. The repeal of the Act shall not affect the previous operations of the said Act.