Current Affairs Quiz - December, 2021

Notes:
The present world chess champion Magnus Carlsen of Norway defended his title and won the FIDE World Championship in Dubai.
Carlsen beat Ian Nepomniachtchi of Russia, crossing the seven point threshold to win the global tournament held at Dubai’s Expo 2020 in the United Arab Emirates.Carlsen clinched his fifth world championship title.

Notes:
Indian Government passed an amendment to the Deposit Insurance and Credit Guarantee Corporation Act to ensure that account holders can access their insured deposit amount within 90 days.
Prime Minister Narendra Modi attended a bank deposit insurance programme and said that Rs 1,300 crore had been paid to over 1 lakh depositors whose banks faced financial crises. 3 lakh such depositors were set to receive funds stuck in such accounts.

Notes:
“Q-Commerce” stands for “Quick commerce”, which essentially involves delivering customer orders faster than it does currently, by setting up micro-warehouses located closer to the point of delivery.
Online grocer Grofers has rebranded itself “Blinkit”, with a focus on “quick commerce”. Grofers decided to change its business model from the conventional grocer model to the quick-commerce model.

Notes:
Malini Parthasarathy, the chairperson of The Hindu Group Publishing, is among four veteran journalists who are named by US-based Columbia Journalism School as the 2022 alumni award winners.
The other winners include Eric Marcus, founder and host of “Making Gay History” podcast, Stuart Schear, American Jewish World Service, and Thomas Maier, investigative journalist. Wendy Lu (HuffPost) and Mukhtar Ibrahim (Sahan Journal), jointly bagged the First Decade Award.

Notes:
Majhi Vasundhara Abhiyan is implemented by Maharashtra Government. The state’s Department of Environment and Climate Change and UNICEF have developed the Majhi Vasundhara curriculum on environment for school students.
The curriculum for Class I-VIII includes Biodiversity Conservation, Solid Waste Management, Water Resources Management, Pollution & Climate Change.

Notes:
India, Iran and Uzbekistan held a virtual second trilateral working group meeting on the joint use of Chabahar port.
Dr. Sanjeev Ranjan, secretary, Ministry of ports, shipping and waterways co-chaired the meet along with his counterparts. India is participating in the development of the first phase of the Shahid Behesti Terminal, Chabahar port in cooperation with Iran.

Notes:
The Reserve Bank of India (RBI) introduced a prompt corrective action (PCA) framework for large non-banking financial companies (NBFCs).
The PCA framework for NBFCs comes into effect on October 1 next year on the basis of their financial position on or after March 31. NBFCs not taking deposits and with an asset size of less than Rs 1,000 crore, primary dealers, government-owned NBFCs, and housing finance companies are exempt from this framework.

Notes:
National Thermal Power Corporation Limited (NTPC) has awarded a fuel-cell based Green Hydrogen Micro-grid Project at Simhadri in Andhra Pradesh.
According to the Power Ministry, this will be India’s first green hydrogen-based energy storage project and one of the world’s largest Green Hydrogen Micro-grid Projects. The hydrogen would be produced using the advanced Solid Oxide Electrolyser by taking power from Floating Solar project.

Notes:
The Union Cabinet led by Prime Minister Narendra Modi approved an incentive scheme worth Rs 1,300 crore for a period of one year, for the promotion of RuPay Debit Cards and low-value (up to Rs 2,000) BHIM-UPI transactions (person-to-merchants).
The scheme will enable the acquiring banks in building a robust digital payment ecosystem and promoting RuPay Debit card and BHIM-UPI digital transactions. The main aim is to further deepen digital payments in the country.

Notes:
The Telangana State Government has issued the Telangana Child Labour (prohibition and regulation) (amendment) Rules 2021.
It seeks to initiate stringent action against those employing child labour in different works and issued steps to ensure continuity of their education. As per the rules, children would not perform any tasks during school hours and between 7 p.m and 8 a.m the next day.