Current Affairs Quiz - August, 2023

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:
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:
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:
As the G20 chair, India is working with Japan and other G7 countries on the one side, and Russia-China on the other side to formulate the G20 leaders’ declaration in Delhi.
Japan holds the current chairmanship of the G7 grouping, which has been the most vocal over Russia’s invasion of Ukraine.

Notes:
The 2023 World Police and Fire Games is a community-wide sports event that is held from July 28 – August 6, 2023 at Winnipeg, Canada.
India is represented by the Central Reserve Police Force (CRPF), and the athletes of CRPF bagged five gold and one silver medal for India on the first day of the event.

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.

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.

Notes:
The first nuclear reactor in seven years has recently entered service in Georgia in the United States. At its full output of 1,100 megawatts of electricity, Unit 3 can power 500,000 homes and businesses.
The unit which is now in commercial operation, entered seven years late and USD 17 billion over budget. A number of other utilities in Georgia, Florida and Alabama are receiving the electricity, in addition to the 2.7 million customers.

Notes:
To improve the collection of sowing data, the government has initiated a pilot project called Digital Crop Survey (DCS) in 12 states starting from the Kharif season of 2023.
The DCS reference application uses technologies like GIS and GPS, and aims to ensure accurate crop area estimation and support farmers with solutions. It has been created as a publicly available open-source and interoperable tool, adhering to open standards.

Notes:
The Swiss settlement of Mörigen, which flourished during the Bronze Age approximately between 800 to 900 BCE, provided a favorable site for such findings.
It is situated near the Twannberg field, renowned for containing meteoritic iron fragments from a prehistoric impact predating the last ice age. Here, an ancient Bronze Age arrowhead was found in the 19th century made from a meteorite.