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:
West Bengal, which is home to about 40% of mangrove forests in India, announced the setting up of a ‘Mangrove Cell’ in the State, on the occasion of the International Day for the Conservation of the Mangrove Ecosystem.
This platform will bring continuity to the efforts of State government in mangrove management. The Cell has an annual action plan for the plantation of mangroves and it will look at maintenance and coordinate with NGOs.

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:
Amid escalating tensions in the South China Sea, China views the US presence as a violation of its territorial claims and has employed the “cabbage strategy,”.
It involves the construction of artificial islands and encircling disputed areas with numerous ships to assert control gradually. The situation has led to measures, including detaining trespassers and the possibility of implementing an air identification zone over the South China Sea by various nations involved.

Notes:
The NASA’s James Webb Space Telescope has recently captured a captivating near-infrared image of the dynamic young stars, Herbig-Haro 46/47.
These are in the Vela constellation, which are about 1,470 light-years away from Planet Earth. These stars are actively forming and orbiting each other in a mesmerizing display. These stats are an  important object to study because it is relatively young — only a few thousand years old.

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:
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 Archaeological Survey of India (ASI) have stated excavations in Benisagar – which is a village in Jharkhand’s West Singhbhum district. The excavation has yielded hundreds of artifacts indicating continuous human habitation from the fifth century A.D. until the 16-17 century A.D.
Benisagar has been recognized by the ASI and listed among the top 100 significant archaeological monuments in the country.

Notes:
Pension regulator PFRDA has barred Annuity Service Providers (ASPs) from deploying any agency of intermediaries for sourcing annuities business from NPS subscribers upon their retirement or exit from the NPS.
Annuities under National Pension System (NPS) can be issued by ASPs only under direct channels, as per the official sources.

Notes:
Formula One racing driver Max Verstappen secured his eighth win in a row, one short of the all-time record, at the Belgian Grand Prix.
Verstappen won the race with Red Bull’s Sergio Perez clinching second position and Ferrari’s Charles Leclerc at third place.