Current Affairs Quiz - August, 2022

Notes:
Loktak lake is the largest freshwater lake in India, located in the state of Manipur. The lake covers 61 per cent of the total identified wetlands of the state.
Recently, the Loktak Development Authority (LDA) issued a notice to remove all floating houses and fishing structures on Loktak lake. It has created a a sharp reaction from the fishing community and home-stay operators.

Notes:
The WWF has launched the ‘Good for You, Good for the Planet’ campaign to guide people towards eating a planet friendly diet.
The campaign’s long-term aim is to encourage people to become conscious of their food choices every day. This year’s Earth Overshoot Day was observed July 28. As per a WWF study, food waste amounts to 10 per cent of GHG.

Notes:
A rare 170-carat pink rough diamond weighing 34 grams has been discovered at Lucapa’s Lulo Mine in Angola. Named the ‘Lulo Rose’, it is considered to be the largest pink diamond discovered in the last 300 years.
In 2016, a mining operation yielded a 404-carat white stone named the ‘4th February Stone’. It was the largest ever diamond recovered in Angola.

Notes:
Red Bull’s Ace Racing Driver Max Verstappen won the 2022 Hungarian Grand Prix from 10th on the starting grid.
Seven-time world champion Lewis Hamilton finished second while his Mercedes team mate George Russell finished third and on pole for the first time in his F1 career. The win was Verstappen’s 8th of the season and 28th of his career.

Notes:
The Union Cabinet has cleared the Competition (Amendment) Bill, 2022, and it will be tabled in ongoing Monsoon session of Parliament. The bill aims to bring in more flexibility and accountability to the Competition Commission of India (CCI).
CCI is a regulatory authority tasked with checking and eliminating business practices that may harm competition. The body consists of a chairperson and 6 members appointed by the central government.

Notes:
As per the recent announcement of Renewable Energy Ministry, world’s largest floating solar power plant is going to be built in Madhya Pradesh’s Khandwa.
The plant is expected to generate 600 Megawatt power by 2022-23 and is estimated to be worth over Rs 3000 crores. At present, India’s largest floating solar power project is operational at Ramagundam in Telangana, being operated by NTPC.

Notes:
A panel led by Justice Srikrishna, a retired judge of the Supreme Court, prepared a draft version of the Personal Data Protection Bill in 2018.
The draft was reviewed by the Joint Parliamentary Committee, which submitted its recommendations along with a draft Bill in November 2021. Recently, the government has withdrawn the Personal Data Protection Bill from Parliament citing that a comprehensive legal framework is being worked upon.

Notes:
The Dutch government (Netherlands) has recently declared a water shortage, following an unusually dry summer with no rain forecast in the near future.
Intense heat-waves hit large parts of Europe and the United States last month, rising calls for more efforts to tackle global warming. As two-thirds of the Dutch population living below sea level, droughts can become an acute problem in the Netherlands. This may lead to silting up of rivers and hampering of water traffic.

Notes:
The goods and services tax (GST) e-invoicing will be mandatory for firms with a turnover of over Rs 10 crore from October 1, as per the Central Board of Indirect Taxes and Customs.
The current threshold is Rs 20 crores. E-invoicing for business-to-business (B2B) transactions started with a threshold of turnover of over Rs 500 crore, from October 1, 2020. It was gradually reduced.

Notes:
The Department of Consumer Affairs recently launched the ‘Grand Onion Challenge’.
The challenge seeks ideas from young professionals, professors and scientists for designs and for improving pre-harvesting techniques, primary processing, storage, and transportation of post harvested onions in the country.