Current Affairs Quiz - August, 2023

Notes:
The 3rd edition of the Summit on “Global Chemicals and Petrochemicals Manufacturing Hubs in India” was held recently.
Themed “Sustainability and Circularity,” the summit was organized jointly by the Federation of Indian Chambers of Commerce and Industry (FICCI) and the Ministry of Chemicals and Fertilizers.

Notes:
A no-confidence motion is a step typically taken by an Opposition party to compel the current government to demonstrate its majority in the House.
Recently, Lok Sabha Speaker Om Birla accepted a motion of no-confidence against the government, which was initiated by Congress Deputy Leader in Lok Sabha, Gaurav Gogoi, after fulfilling the requisite headcount of 50 MPs as mandated by the rules.

Notes:
The Asia Pacific Telecommunity was founded on the joint initiatives of the United Nations Economic and Social Commission for Asia and the Pacific, and the International Telecommunication Union.
An important gathering of the Asia Pacific Telecommunity (APT) is set to take place in Brisbane, with the primary objective of determining the future allocation of the 6 GHz spectrum band for 5G services in India.

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 National Aeronautics and Space Administration (NASA) of the USA and the U.S. Military have collaborated for a project named Demonstration Rocket for Agile Cislunar Operations (DRACO). The project aims to launch a nuclear-powered satellite to Earth’s orbit in late 2025 or early 2026.
The spacecraft for the project is developed by Lockheed Martin. The project involves an in-space test of Nuclear Thermal Propulsion (NPT) technology, marking a significant technical advancement.

Notes:
The LEI (Legal Entity Identifier) is a unique 20-character code that serves as a global identifier for legal entities involved in financial transactions. It aims to create a reference data system for uniquely identifying entities across jurisdictions.
The capital market regulator – Securities and Exchange Board of India (SEBI) has mandated that all non-individual Foreign Portfolio Investors (FPIs) must provide their Legal Entity Identifier (LEI) details in the common application form used for registration, KYC, and account opening.

Notes:
The Ministry of Commerce and Industry has set up a working group to decriminalise laws to further promote ease of doing business.
The group comprised representatives from industry associations, business chambers, legal professionals, and officials of seven ministries. It would also have representatives of the National Housing Bank, NABARD and CPCB.

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 Home Minister Amit Shah unveiled a book titled ‘Memories Never Die,’ tribute to former President Dr. APJ Abdul Kalam.
The Minister  unveiled the book during his two-day visit to the Ramanathapuram district of Tamil Nadu. The book was co-authored by Dr. APJM Nasima Maraikayar and scientist Dr. Y. S. Rajan.

Notes:
The Company Law Committee (CLC) has been established in 2019 by the Union Ministry of Corporate Affairs.
It is expected to explore the implementation of regulatory measures specific to startups. This initiative comes in response to growing concerns about corporate governance matters within startup entities.