Current Affairs Quiz - August, 2023

Notes:
Recently, the University Grants Commission (UGC) approved the Guidelines for Institutional Development Plan (IDP) for Higher Education Institutions (HEIs).
These guidelines are intended to assist HEIs in attaining academic and research excellence while enhancing the quality of teaching and learning. Additionally, the IDP will offer direction to HEIs in exercising academic, administrative, financial, and business autonomy, while maintaining accountability.

Notes:
Recently, INDIAai and Meta India entered into a memorandum of understanding (MoU) to create a structure for collaboration and mutual cooperation in the realm of artificial intelligence (AI) and emerging technologies.
The objective of this partnership is to make Meta’s open-source AI models accessible and usable through joint efforts.

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:
Researchers from the Wadia Institute of Himalayan Geology have conducted a recent study, indicating the potential formation of three glacial lakes near Parkachik Glacier in Ladakh due to rapid ice melting.
The increasing glacial melt is concerning as it raises the risk of glacial lake outbursts and may also cause water scarcity, given that glaciers serve as the main water source for the region.

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 Danish World No.1 Viktor Axelsen clinched victory in the Japan Open final after defeating Jonatan Christie of Indonesia.
In women’s singles, world number two An Se-Young of South Korea beat He Bing Jiao of China to clinch the title. She also replaced replacing Japan’s reigning world champion Akane Yamaguchi to bag the World No. 1 spot.

Notes:
NASA is using rocks from Scotland’s Isle of Rum to practice testing methods for examining Martian rocks, as they share similarities in geological, mineral, and chemical content.
The igneous rocks from the Isle of Rum exhibit comparable geological, mineral, and chemical characteristics to those discovered on Mars.

Notes:
The country’s per capita income is likely to grow by close to 70 per cent to USD 4,000 by fiscal 2030 from USD 2,450 in fiscal 2023.
This will help the country to become a middle-income economy with USD 6-trillion GDP. Per capita income/GDP has risen from USD 460 in fiscal 2001 to USD 1,413 in fiscal 2011 and to USD 2,150 in fiscal 2021. The biggest growth driver will be external trade, followed by household consumption.

Notes:
The President of India, Droupadi Murmu, is scheduled to visit Bhopal, Madhya Pradesh, to inaugurate two events: the ‘Unmesha’ International Literature Festival and the ‘Utkarsh’ Festival of Folk and Tribal Performing Arts.
These events are organized by the Ministry of Culture in collaboration with Sahitya Akademi and Sangeet Natak Akademi, respectively.

Notes:
The G20 Environment and Climate Sustainability Ministerial Meeting concluded recently in Chennai.
The event concluded without reaching consensus on significant climate-related matters. Crucial topics like transitioning away from fossil fuels remained unresolved during the meeting.