Current Affairs Quiz - August, 2023

Notes:
The Italian parliament has given its approval to a contentious bill that makes it a criminal offense for citizens to travel abroad to pursue surrogacy arrangements.
This law, which has faced significant opposition, is specifically aimed at discouraging Italians from participating in surrogacy arrangements, and it carries the possibility of substantial fines exceeding USD 1 million and potential prison sentences of up to two years for those found guilty.

Notes:
Micron reaffirmed its commitment to establish India’s first semiconductor plant in Gujarat, creating 5,000 direct jobs and addressing demand from domestic and international markets.
The project entails a total investment of USD 2.75 billion. The first Made in India’ chip should be ready by December 2024.

Notes:
The single-seater motorsport championship for electric cars is called as ‘Formula E’. Jake Dennis became the first British driver to win the all-electric Formula E world championship when he finished second for Avalanche Andretti in the London E-prix.
Formula E’s first season was in 2014-15 and Dennis is the eighth driver to take the title with France’s Jean-Eric Vergne the only double champion.

Notes:
Ireland, a rising force in international cricket, has secured its spot in the prestigious ICC Men’s T20 World Cup 2024.
Ireland remained unbeaten throughout the tournament, having registered victories against Italy, Denmark, Austria, and Jersey before their clash against Germany resulted in a washout.

Notes:
Recently, the Indian government and the Asian Development Bank (ADB) have entered into an agreement, securing a USD 200 million loan as extra funding for the existing Rajasthan Secondary Towns Development Sector Project.
The loan aims to extend water supply and sanitation systems, boost urban resilience, and preserve the heritage in chosen towns.

Notes:
The AMC Repo Clearing Limited (ARCL) and Corporate Debt Market Development Fund (CDMDF) were inaugurated by Union Finance Minister Nirmala Sitharaman.
The CDMDF was announced in the 2021-22 Union Budget to enhance liquidity in the Corporate Bond market during stressed and normal times.

Notes:
Union Ministry of Education inaugurated the logo, slogan – “Jan Jan Sakshar,” and the mobile application for ULLAS: Nav Bharat Saksharta Karyakram.
The ULLAS initiative aims to transform education and literacy nationwide by creating a learning ecosystem that provides basic education, digital and financial literacy, and critical life skills to individuals aged 15 and above who missed the chance to attend school.

Notes:
Over 13.13 lakh girls and women went missing in the country between 2019 and 2021, with Madhya Pradesh reporting the highest cases at nearly two lakhs, followed by West Bengal.
The data, which was presented by the Union Ministry of Home Ministry (MHA), revealed that 10,61,648 women above 18 years and 2,51,430 girls below that age went missing between 2019 and 2021 across the country. The data was compiled by the National Crime Records Bureau.

Notes:
Pension regulator PFRDA has barred Annuity Service Providers (ASPs) from deploying any agency of intermediaries for sourcing annuities business from NPS subscribers upon their retirement or exit from the NPS.
Annuities under National Pension System (NPS) can be issued by ASPs only under direct channels, as per the official sources.

Notes:
Taiwanese firm Foxconn Technology Group, a key supplier to Apple Inc., signed a letter of Intent with the Tamil Nadu government to invest ₹1,600 crore to establish a manufacturing facility in Kancheepuram district.
The letter of intent was signed in the presence of Chief Minister M.K. Stalin and Foxconn Chairman Young Liu. The facility will potentially employ 6,000 people.