Current Affairs Quiz - August, 2023

Notes:
China has granted Pakistan a two-year rollover on a USD 2.4-billion loan for a period of two years.
This move is expected to provide relief to Pakistan, which is facing a severe Balance of Payments crisis. Its current reserves barely cover two months’ worth of import bills.

Notes:
Recently, the Indian government and the Asian Development Bank (ADB) have entered into an agreement, securing a USD 200 million loan as extra funding for the existing Rajasthan Secondary Towns Development Sector Project.
The loan aims to extend water supply and sanitation systems, boost urban resilience, and preserve the heritage in chosen towns.

Notes:
Resource Efficiency Circular Economy Industry Coalition (RECEIC) was launched on the sidelines of the 4th G-20 Environment and Climate Sustainability Working Group (ECSWG) and Environment and Climate Ministers meeting in Chennai.
Union Environment, Forest and Climate Change Minister Bhupender Yadav said that this mission of this coalition is to promote greater company-to-company collaboration, build advanced capabilities across sectors, bring learnings from diverse and global experiences of the coalition members among others.

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:
Over 13.13 lakh girls and women went missing in the country between 2019 and 2021, with Madhya Pradesh reporting the highest cases at nearly two lakhs, followed by West Bengal.
The data, which was presented by the Union Ministry of Home Ministry (MHA), revealed that 10,61,648 women above 18 years and 2,51,430 girls below that age went missing between 2019 and 2021 across the country. The data was compiled by the National Crime Records Bureau.

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:
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.

Notes:
As part of its ‘Cleanup to Clean energy’ plan, the US government has announced that it will transform Cold War sites into largest solar power project.
Formerly employed for atomic bomb development, these sites are now positioned to significantly contribute to promoting clean energy initiatives throughout the United States.

Notes:
Italian authorities from the Carabinieri Command for the Protection of Cultural Heritage reported the discovery of an ancient cargo ship wreckage off the port in Civitavecchia, near Rome.
The ship, dating back to the 1st or 2nd century BC, contains hundreds of well-preserved Roman jars, known as amphorae, found using a remotely operated robot.

Notes:
The ‘2023 Plastic Overshoot Day’ Report was released recently by the Swiss-based research consultancy Earth Action.
According to this report, approximately 68,642,999 tonnes of extra plastic waste will be dumped into the environment this year.