Current Affairs Quiz - August, 2023

Notes:
The International Exhibition-cum-Convention Centre (IECC) – ‘Bharat Mandapam’ was inaugurated recently by Prime Minister Modi.  The IECC project is a national initiative aimed at modernizing and upgrading the obsolete facilities at Pragati Maidan, New Delhi.
Anubhava Mantapa was an academy of saints and philosophers of the ‘Lingayath’s’ faith in the 12th century. It was founded by Basava, also called Basaveshwara. This is the inspiration behind the name ‘Bharat Mandapam’

Notes:
SpaceX is preparing to launch the world’s largest privately-owned satellite, called JUPITER-3. This impressive satellite will be sent into space aboard SpaceX’s Falcon Heavy rocket from Launch Complex 39A in Florida.
This launch will be the seventh for the robust triple-booster rocket.

Notes:
OpenAI, Microsoft, Google, and Anthropic have teamed up to create the Frontier Model Forum, aiming to regulate the development of large machine learning models, particularly “frontier AI models” that surpass current advanced capabilities.
These foundation models pose potential risks to public safety, and the forum will focus on ensuring their safe and responsible development, collaborating with policymakers, academics, and companies to advance AI safety research and establish best practices for deploying such models.

Notes:
The Jan Vishwas (Amendment of Provisions) Bill, 2023 was passed recently by the Lok Sabha. It aims to boost ease of doing business and living in India.
It aims to redefine regulations in the country by decriminalizing minor offenses under 42 Acts, thereby reducing compliance. The Union Ministry of Commerce and Industry presented the proposed legislation in Parliament in December of the previous year.

Notes:
Finance Minister Nirmala Sitharaman said the government has decided to enable listed and unlisted domestic companies to directly list their equity shares on the International Financial Services Centre (IFSC) at Ahmedabad.
The decision will facilitate access to global capital and result in a better valuation of the Indian companies. The Finance Minister also launched Corporate Debt Market Development Fund (CDMDF) and AMC Repo Clearing Ltd (ARCL).

Notes:
Amid escalating tensions in the South China Sea, China views the US presence as a violation of its territorial claims and has employed the “cabbage strategy,”.
It involves the construction of artificial islands and encircling disputed areas with numerous ships to assert control gradually. The situation has led to measures, including detaining trespassers and the possibility of implementing an air identification zone over the South China Sea by various nations involved.

Notes:
The capital markets regulator – SEBI (Securities and Exchange Board of India) has released the guidelines for the Corporate Debt Market Development Fund (CDMDF).
The fund’s purpose is to serve as a backstop facility, facilitating the purchase of investment-grade corporate debt securities during times of market stress, thereby boosting confidence among participants in the corporate debt market.

Notes:
In Rome, Italy, archaeologists have recently discovered the remains of Nero’s Theatre which is an ancient imperial theatre mentioned in historical texts.
The theatre was previously undiscovered and not has been located beneath the garden of a forthcoming Four Seasons hotel, positioned just a short distance from the Vatican.

Notes:
As many as 120 people died in Kerala due to heatwave till June-end, the highest in the country, said a Health Ministry statement in the Lok Sabha.
Gujarat saw 35 deaths due to heatwaves. It is followed by Telangana with 20.

Notes:
Digital payments across the country registered a growth of 13.24 per cent in a year through March 2023, as per RBI’s index that measures the adoption of online transactions.
RBI’s Digital Payments Index (RBI-DPI) stood at 395.57 at end-March 2023 compared to 377.46 in September 2022 and 349.30 in March 2022. The index is a base to capture the extent of digitisation of payments across the country.