Current Affairs Quiz - August, 2022

Notes:
The Securities and Exchange Board of India (SEBI) has constituted an expert group of Foreign Portfolio Investors (FPIs) to review investment avenues available for FPIs and advise on the feasibility of new avenues.
The FPI Advisory Committee (FAC) will be chaired by former Chief Economic Adviser KV Subramanian. It and consists of 14 other members from foreign banks, stock exchanges depositories and the Reserve Bank of India.

Notes:
Ministry of Commerce and Industry implements the ‘One District-One Product (ODOP)’ scheme. Recently, the Commerce and Industry Minister Piyush Goyal has launched the digital version of the One District-One Product (ODOP) gift catalogue.
The ODOP gift catalogue includes a wide range of products like Fragrances and Oils, Home Decor products, Indian Spirits, Fabrics among others.

Notes:
The ‘Porcupine strategy’ (asymmetrical warfare) was adopted by Taiwan in 2017. Lee Hsi-Ming, then-chief of the Taiwanese military forces, called it as the “Overall Defence Concept” (ODC). It focuses on strengthening a weak state’s defences to exploit the enemy’s weaknesses rather than taking on its strengths.
China recently launched unprecedented military exercises near Taiwan after US House Speaker Nancy Pelosi’s visit to the island that Beijing claims as part of its territory.

Notes:
The Uttarakhand tourism department has announced to develop a ‘Modi circuit’ at the Corbett Tiger Reserve.
It aims to cover the places visited by Prime Minister Narendra Modi while shooting for the ‘Man vs Wild’ television programme in 2019.

Notes:
Jharkhand Janjatiya Mahotsav is celebrated in the month of August. It includes participation of artists from tribal-dominated states, including the north-eastern states of India.
Artists across states like Jharkhand, Chhattisgarh, Odisha, Mizoram and other tribal denominated states will also participate. The festival hosted by the state includes events like Tribal Fashion Shows, Tribal Food Festivals, and Handicraft Exhibitions among others.

Notes:
Prime Minister Narendra Modi dedicated the 2nd generation (2G) Ethanol Plant, in Panipat, Haryana. The 2G bio-fuel plant has been set up to boost the production and usage of bio-fuels in the country.
The ethanol plant has been developed by Indian Oil Corporation Ltd. (IOCL), at an estimated cost of over Rs 900 crore. The plant utilises about 2 lakh tonnes of rice straw annually to generate around 3 crore litres of Ethanol annually.

Notes:
Senior Congress leader Shashi Tharoor is set to be conferred with France’s highest civilian award Chevalier de la Legion d’Honneur.
The French government is honouring the politician for his writings and speeches. The award is also called as the National Order of the Legion of Honour. It was established in 1802 by Napoleon Bonaparte.

Notes:
The UK Ministry of Defence has alarmed about the possible use of PFM-1 series ‘Butterfly Mines’ by the Russian military, in the ongoing war in Ukraine.
These anti-personnel mines have two plastic wings to help it drift to the ground. They contain about 40 grams of explosives.

Notes:
The ‘Global Employment Trends for Youth 2022’ report was recently released by the International Labour Organisation.
As per the report, India experienced severe working-hour and employment losses in 2020 and 2021, and Indian youth employment deteriorated in 2021 compared to 2020. Youngsters in 15-24 age group experienced a much higher percentage loss in employment than adults since early 2020. The total global number of unemployed youth is estimated to reach 73 million in 2022.

Notes:
The state government of Odisha joined hands with National Institute of Ocean Technology (NIOT), Chennai for protection of saline embankments and coastal protection measures.
As Odisha is vulnerable to flood and cyclone, the partnership with NIOT will help save the life and property of people in coastal areas. The state government has planned to take up climate resilient coastal protection measures by strengthening saline embankments using the latest technology.