Current Affairs Quiz - August, 2023

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 Jharkhand government released draft rules for the effective implementation of The Provisions of the Panchayats (Extension to Scheduled Areas) Act, commonly known as PESA, which was enacted in 1996.
The purpose of PESA is to establish self-governance through gram sabhas for the residents living in Scheduled Areas.

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:
Taiwan staged its first-ever military drill at Taoyuan International Airport, halting commercial traffic as soldiers practised defending the facility against a simulated attack by Beijing.
The exercise is part of Taiwan’s week-long massive wargames, the annual “Han Kuang” (Han Glory) drills. This is the first such drill held at Taiwan’s biggest airport near the capital since it opened in 1979.

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:
The Free Movement Regime (FMR) along the India-Myanmar border has complicated the volatile situation in Manipur due to migration of tribal Kuki-Chin people from Myanmar.
The border between India and Myanmar runs for 1,643 km in the four states of Mizoram, Manipur, Nagaland, and Arunachal Pradesh. The FMR allows tribes living along the border to travel up to 16 km inside the other country without a visa.

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:
The compound mixed archery team of Aman Saini and Pragati clinched a gold medal, India’s fourth in the event, at the World University Games in Chengdu, China.
The Indian archers have also won two more medals in archery in men’s and women’s compound team events.

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.