Current Affairs Quiz - December, 2021

Notes:
The USA recently announced a new bill named ‘Platform Accountability and Transparency Act (PATA)’.
The bill establishes new rules which could compel social media platforms to share data with “Qualified researchers”. They are defined as university-affiliated researchers pursuing projects that have been approved by the National Science Foundation (NSF).

Notes:
Mathematician Neena Gupta from Kolkata’s Indian Statistical Institute has been awarded the ‘2021 DST-ICTP-IMU Ramanujan Prize for Young Mathematicians from developing countries.
She became the third woman to receive the award ever it was introduced in 2005. She was honoured for her contribution in affine algebraic geometry and commutative algebra. The Ramanujan Prize is given to an eminent Mathematician less than the age of 45.

Notes:
The Reserve Bank of India (RBI) has made Legal Entity Identifier (LEI) mandatory for cross-border transactions for capital or current account transactions of Rs 50 crore and above, from October 1 next year.
LEI is a 20-digit number used to identify parties to financial transactions worldwide to improve the accuracy of financial data systems. Banks should obtain LEI numbers from local companies undertaking capital or current account transactions of Rs 50 crore and above, for each transaction.

Notes:
Human Rights Day is observed on December 10, every year. This year, the theme is ‘Equality, Reducing inequalities, advancing human rights’.
United Nations General Assembly in 1948 adopted the Universal Declaration of Human Rights. This day is celebrated to raise awareness about people’s social, cultural and physical rights and to ensure the welfare of everyone.

Notes:
Global Methane Initiative (GMI) is a voluntary Government and an informal international partnership having members from 45 countries including the US and Canada. It was created in 2004 and India is one of the members since its inception
A Steering Leadership meeting of Global Methane Initiative (GMI) has been held virtually in which India’s representative from the Ministry of Coal was the Vice Chairman. The Chairperson of the Steering Leadership is from Canada.

Notes:
Nauru, Kiribati and the Federated States of Micronesia are island countries located in the western Pacific Ocean.
The United States, Australia and Japan have announced that they will jointly fund the construction of an undersea cable to boost internet access in three small Pacific countries. This is regarded as the counter to the rising Chinese influence in the region.

Notes:
The Nupi Lal Day is observed to pay rich homage to the brave women of Manipur who fought for justice against the British Government.
It is observed every year on December 12. This year, an observation ceremony was held at Nupi Lal Memorial Complex located at Imphal. The day is also observed by NGOs and women-based organizations across the state.

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:
Meta-owned WhatsApp announced its pilot programme of adopting 500 villages across Karnataka and Maharashtra.
The programme aims to empower people with access to digital payments through ‘payments on WhatsApp’. The announcement regarding the programme was made at “Fuel For India 2021 — Meta’s annual event in India”.