Current Affairs Quiz - December, 2021

Notes:
Indian weightlifter Jhilli Dalabehera has won the gold medal in the women’s 49kg category at the Commonwealth Weightlifting Championships in Tashkent, Uzbekistan.
Earlier, Sanket Mahadev Sargar clinched the gold medal in the men’s 55kg snatch category and also created a new snatch national record. India is competing in both Commonwealth Weightlifting Championships and World Weightlifting Championships.

Notes:
UN General Assembly declared December 12 as the International Day of Neutrality. Neutrality is defined as a legal status which arises when the state decides not to take part in any armed conflict.
International Day of Neutrality aims to raise awareness in public about the value of neutrality in international relations. Article 2 of the UN charter permits the member states to settle their disputes by peaceful means.

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:
The Odisha government and the United Nations Capital Development Fund (UNCDF) signed an agreement to announce the launch of Mission Shakti Living Lab.
It aims to empower women economically and promote gender equality. The Mission Shakti Living Lab will promote the use of digital technologies and e-commerce. The Mission Shakti was originally launched in 2001 for holistic development of women.

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:
World Trade Organization (WTO) panel has asked India to withdraw its subsidies under the ‘Production Assistance, the Buffer Stock, and Marketing and Transportation Schemes.’
Australia, Brazil and Guatemala raised complaints against India over its policy measures in the sugar sector, at WTO in the year 2019.  WTO also asked India to conform to its obligations under the Agreement on Agriculture and the SCM Agreement.

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:
Seven-time Formula One champion Lewis Hamilton received his knighthood from Prince Charles at Windsor Castle for his services to motorsport.
A knighthood is a title conferred on a person by a British king or queen for their high achievement and services to their country within their industry. Hamilton is also the only black driver in the 70-year history of Formula One. Hamilton was earlier awarded the MBE, a Member of the Order of the British Empire.

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.