Current Affairs Quiz - December, 2021

Notes:
Section 124A of the Indian Penal Code (IPC) deals with the Sedition Law. This section defines sedition as an offence committed when “any person attempts to excite disaffection towards government established by law, by means of spoken or written words, or by signs, or by visible representation.
Union Law Minister Kiren Rijiju informed the Lok Sabha by a written reply that there is no proposal to scrap sedition law.  The Indian Penal Code was enacted in 1860, under the British Government.

Notes:
Four-time Olympic medalist Simone Biles was named Time’s 2021 Athlete of the Year, the Time magazine announced.
She had withdrawn from four event finals at the Tokyo Olympics, stating reasons of her mental health. However, the 24-year-old managed to earn all-around silver and a bronze in balance beam at the Tokyo Olympics.

Notes:
The Asian Development Bank trimmed its 2021 growth forecast for India to 9.7% from the earlier estimate of 10.0% made in September. However it left the 2022 growth forecast unchanged at 7.5%.
The growth forecasts for developing Asia for this year and next were also slashed to 7.0% and 5.3%, in order to reflect risks and uncertainty brought by the new Omicron coronavirus variant.

Notes:
The National Unity Government in Myanmar, the unofficial government, led by those faithful to Aung San Suu Kyi, has adopted stable-coin Tether as a legal currency.
As per the NU Government, Tether (USDT) will be domestic use to make it easy and accelerate the current trade, services and payment systems. The military forces currently control the country after declaring a one-year state emergency in February 2021.

Notes:
National Conclave on Natural Farming is being hosted in Anand, Gujarat. Prime Minister Narendra Modi will address the farmers during the valedictory session of the National Conclave.
Farmers will be provided with all requisite information detailing the benefits of adopting natural farming methods. The three day Summit is being attended by over 5000 farmers, and other farmers connecting Live through Central Institutes of ICAR, Krishi Vigyan Kendras and ATMA (Agricultural Technology Management Agency) network in the States.

Notes:
Manohari Gold Tea, a rare variety of tea in Assam has recently created history as it was sold for Rs 1 lakh per kilogram at Guwahati Tea Auction Centre.
The Tea variety broke its own record of 2020, when the tea was auctioned at Rs 75,000 per kg. The North Eastern Tea Association has planned to increase the production of such tea and started making different types of tea like white tea, green tea, yellow tea.

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 World Bank has announced a $93 billion package of the International Development Association (IDA) to help the poor countries tackle Covid crisis and boost economic growth.
The latest pledge includes $23.5 billion of contributions from 48 high- and middle-income countries, raised in the capital markets, repayments, and the World Bank’s own contributions.

Notes:
The Competition Commission of India (CCI) suspended its over two-year-old approval for Amazon’s deal to acquire stake in retailer Future Coupons Private Limited.
The CCI also imposed a ₹ 202 crore penalty on the US-based e-commerce major for hiding facts and making false statements while seeking regulatory approvals in 2019. Amazon objected to Future’s deal with Reliance, citing the 2019 deal.

Notes:
Prime Minister Narendra Modi has been conferred with the highest civilian award of Bhutan, Ngadag Pel gi Khorlo.
Bhutan Prime Minister Lotay Tshering also wished his countrymen as they celebrate the 114th National Day of Bhutan which commemorates the Coronation of the First King of Bhutan, Druk Gyalpo Ugyen Wangchuck in 1907.