Current Affairs Quiz - December, 2022

Notes:
The Reserve Bank of India (RBI) on 1 December announced a four-tiered regulatory framework for categorisation of Urban Co-operative Banks (UCBs).
The norms are based on the net worth and capital adequacy of these banks. All unit UCBs and salary earners’ UCBs and all other UCBs having deposits up to ₹100 crore are placed in Tier 1. UCBs with deposits more than ₹100 crore and up to ₹1,000 crore are in Tier 2. Tier 3 will cover banks with deposits more than ₹1,000 crore and up to ₹10,000 crore. UCBs with deposits more than ₹10,000 crore have been categorised in Tier 4.

Notes:
Assam’s Silchar town is hosting the two-day Silchar-Sylhet Festival, to celebrate the linguistic and cultural ties between the Barak Valley region of Assam and the Sylhet segment of Bangladesh.
The Festival also coincides with the 75th year of India’s independence and the 50th anniversary of the liberation of Bangladesh from Pakistan.

Notes:
Ministry of Culture, Government of India in collaboration with Swar Dharohar Foundation inaugurated “Swar Dharohar Festival” under Kalanjali.
It is a Music, Art and Literature Festival which was organised to showcase the iconic art and culture of India and, the rich literary Art and Heritage of Indian States.

Notes:
World Bank approved USD 250 million financing to help Bangladesh strengthen environment management and promote private sector participation in green investment.
The Bangladesh Environmental Sustainability and Transformation (BEST) Project will help the country tackle key pollution issues. An E-waste management facility will be set up to process 3,500 metric tons of e-waste annually.

Notes:
Bharat Ratna Dr BR Ambedkar’s 67th Mahaparinirvan Diwas is observed on December 6. Lakhs of followers from all over the country gathered at Chaityabhoomi in Dadar in Mumbai to pay tribute to the great leader.
Chaitya Bhoomi is a Buddhist chaitya and the cremation place of B. R. Ambedkar, the 20th-century Indian intellectual and the chief architect of the Indian Constitution.

Notes:
Cyclone Mandous lies over southwest Bay of Bengal, about 620 km southeast of Chennai. The storm is likely to cross the coasts of north Tamil Nadu, Puducherry and Andhra Pradesh between Puducherry and Sriharikota.
Under its influence, rainfall is expected over parts of coastal Tamil Nadu, Puducherry and Andhra Pradesh for two days. Red alert has already been issued for Coastal Andhra Pradesh, Tamil Nadu and Puducherry.

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:
Vice-President of India is the ex-officio Chairman of the Rajya Sabha. The winter session of the Parliament commenced as the Vice president Jagdeep Dhankar officiated as the chair of Rajya Sabha, for the first time.
The Centre’s agenda for the winter session of Parliament includes introduction of 16 new bills.

Notes:
The World Bank recently released a report titled ‘Climate Investment Opportunities in India’s Cooling Sector’.
The report was released during the two-day ‘India Climate and Development Partners’ Meet’ being organised by World Bank in partnership with the Kerala government. As per the report, the country is experiencing higher temperatures that arrive earlier and stay far longer. India could become one of the first places in the world to experience heat waves that break the human survivability limit.

Notes:
Dina Boluarte was appointed as Peru’s first female president amid a political crisis when her predecessor and former boss Pedro Castillo was ousted in an impeachment trial.
Peru’s leftist president Pedro Castillo was ousted by lawmakers and detained by police after he tried to illegally shut down Congress.