Current Affairs Quiz - December, 2022

Notes:
The India-Australia Economic Cooperation and Trade Agreement (ECTA) will enter into force on 29th December, 2022.
The India-Australia ECTA will enhance bilateral trade in goods and services and create new employment opportunities. Under the agreement, duties on 100 percent tariff lines are to be eliminated by Australia.

Notes:
The Government e-Marketplace (GeM) is an online platform for public procurement in India. It was launched in August 2016 with the objective of creating an open and transparent procurement platform for government buyers.
The online platform has crossed one lakh crore rupees Gross Merchandise value, so far for the financial year 2022-2023.

Notes:
Mumbai is placed at 22nd rank in the ‘Prime Global Cities Index Q3 (July-September) 2022’, released by Property consultant Knight Frank.
It said that all three Indian cities namely Mumbai, Bengaluru and New Delhi registered an increase in average annual prices. The global index measures annual price appreciation of premium residential properties. Bengaluru moved up to 27th while New Delhi moved to 36th rank.

Notes:
An Indian Coast Guard Advanced Light Helicopter (ALH) Mk-III squadron- 840 Sqn (CG), was commissioned by DG VS Pathania at ICG Air Station, Chennai.
The ALH Mk-III helicopters are indigenously manufactured by Hindustan Aeronautics Limited (HAL). They feature advanced RADAR, Shakti engines, advanced communication systems, search-and-rescue homer among other equipment for reconnaissance. A total of 16 ALH Mk-III aircraft have been inducted in the Indian Coast Guard in a phased manner.

Notes:
Atal Innovation Mission (AIM), NITI Aayog announced the launch of applications for Community Innovator Fellowship (CIF).
It is an initiative of Atal Innovation Mission, NITI Aayog in collaboration with UNDP India to facilitate knowledge building and provide infrastructure support to aspiring community innovators. At present, there are 22 community innovator fellows, who are being incubated.

Notes:
The State Bank of India raised ₹10,000 crore through its maiden infrastructure bond issuance at a coupon rate of 7.51 per cent.
The tenor for the bond is set at 10 years and this is the largest single infra bond sale by any domestic lender. The proceeds of the bond will be utilised to enhance long- term resources for funding infrastructure and affordable housing segment.

Notes:
The 17th Asia and the Pacific Regional Meeting (APRM) of the International Labour Organisation (ILO) began in Singapore.
“Integrated policy agenda for a human–centred recovery that is inclusive, sustainable and resilient” is the theme of the meeting.

Notes:
Union Minister for Agriculture and Farmers Welfare, Narendra Singh Tomar inaugurated the creation of an integrated ‘Agriculture Investment Portal’.
The Co-Chairperson of Bill & Melinda Gates Foundation, Melinda Gates held a meeting with the Union Minister of Agriculture and Farmers Welfare, Narendra Singh Tomar, in New Delhi. The portal was launched during the meeting.

Notes:
According to a recent clarification, the Central Government will allow a consortium of foreign funds and investment companies to own over 51% in IDBI Bank Ltd.
As per the current Reserve Bank of India (RBI) rules, foreign ownership is restricted in new private banks. At present, the government and the Life Insurance Corporation of India hold 94.71% in IDBI Bank and are looking to sell 60.72%.

Notes:
Google’s Jigsaw subsidiary is launching a new anti-misinformation project in India. The project is aimed to prevent misleading information that has been blamed for inciting violence.
The initiative will use prebunking videos, which have been designed to counter false claims before they are circulated on the company’s YouTube platform and other social media sites. In India, the project is released in multiple local languages including Bengali, Hindi and Marathi.