Current Affairs Quiz - August, 2023

Notes:
The National Conference on ‘Moving Mental Health Beyond Institutions’ was inaugurated recently in New Delhi.
The main purpose of the conference is to address the difficulties faced during the execution of the Mental Healthcare Act, 2017, and to engage in thoughtful discussions about the future steps to resolve mental health concerns.

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:
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 capital markets regulator – SEBI (Securities and Exchange Board of India) has released the guidelines for the Corporate Debt Market Development Fund (CDMDF).
The fund’s purpose is to serve as a backstop facility, facilitating the purchase of investment-grade corporate debt securities during times of market stress, thereby boosting confidence among participants in the corporate debt market.

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 DGCA fined IndiGo Rs 30 lakhs and issued a show cause notice due to deficiencies in their documentation and procedures related to frequent tail strike incidents on their A321 aircraft.
Tail strikes occur when the tail of an aircraft hits the ground or any stationary object, with a majority happening during landings.

Notes:
The second Russia–Africa Summit was held at St. Petersburg, Russia on 27 and 28 July 2023. It was originally scheduled to be held at African Union headquarters in Addis Ababa.
At the commencement of the Summit, President Putin promised to provide free grain shipments to six African countries. Under this commitment, Burkina Faso, Zimbabwe, Mali, Somalia, the Central African Republic, and Eritrea will receive 25,000-50,000 tons of grain in the upcoming months.

Notes:
The Central African Republic, a land locked country in African continent, has conducted a voting in a referendum for a new constitution. This comes after the country witnessing multiple coups.
In 2020, Mr. Touadera secured a second term as President of the country until 2025. If the referendum is passed, it would allow the existing President for a third term.

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:
Pakistan and China ink six agreements to help undertake the second phase of the USD 60 billion China-Pakistan Economic Corridor (CPEC) projects under a new model.
Prime Minister Shehbaz Sharif and Chinese Vice Premier He Lifeng witnessed the signing ceremony to mark 10 years of the CPEC. The CPEC, which connects Gwadar Port in Pakistan’s Balochistan with China’s Xinjiang province, is opposed by India as it is being laid through Pakistan-occupied Kashmir.