Current Affairs Quiz - August, 2023

Notes:
The Sports Ministry has decided to recognise the Handball Association of India (HAI) as the official body to run the game in the country.
Recently the IOA also gave HAI recognition after it agreed to merge with the Handball Federation of India (HFI). India has been preparing for the upcoming Hangzhou Asian Games.

Notes:
The Lok Sabha has recently passed the Forest (Conservation) Amendment Bill 2023. It aims to expand the scope of the Forest (Conservation) Act, 1980.
The Bill acknowledges India’s international commitments and the national target set by the country for achieving Net Zero Emission by 2070.

Notes:
Maharashtra-based Aditya Samant became India’s 83rd Grandmaster after earning his third GM norm at the Master Tournament (MTO) in the Biel International Chess Festival.
He had earned his first norm to become a grandmaster at the Abu Dhabi Masters last year in August. His second norm was achieved in December last year at the 3rd El Llobregat Open.

Notes:
OpenAI, Microsoft, Google, and Anthropic have teamed up to create the Frontier Model Forum, aiming to regulate the development of large machine learning models, particularly “frontier AI models” that surpass current advanced capabilities.
These foundation models pose potential risks to public safety, and the forum will focus on ensuring their safe and responsible development, collaborating with policymakers, academics, and companies to advance AI safety research and establish best practices for deploying such models.

Notes:
India and Papua New Guinea have signed a Memorandum of Understanding (MoU) to collaborate on the sharing of INDIA STACK.
It was signed between the Ministry of Information and Communication Technology (MICT) of the Papua New Guinea and the Ministry of Electronics and Information Technology (MeitY) of India.

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:
The Western Tragopan (Tragopan-melanocephalus) is the Himachal Pradesh’s state bird. It has been reported that the species is experiencing habitat loss in certain regions of the country.
However, due to the dedicated efforts of the state authorities, there has been a steady rise in the population of this endangered species at the State’s Sarahan pheasantry, the conservation breeding center, providing hope for its survival and future expansion.

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:
The Income-tax Department announced that there is a surge in filing of Income-tax Returns (ITRs), resulting in a new record of ITRs filed.
The total number of ITRs for AY 2023-24 filed till 31st July, 2023 are more than 6.77 crore, which is 16.1% more than the total ITRs for AY 2022-23 (5.83 crore) filed till 31st July 2022. Over 64.33 lakh ITRs were filed on a single day-on 31st July, 2023.

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.