Current Affairs Quiz - December, 2022

Notes:
The Central Board of Indirect Taxes and Customs (CBIC) has constituted Customs, Central Excise and Service Tax Settlement Commission.
It aims to resolve and settle the show-cause notices issued under the Customs Act, Central Excise Act and Service Tax regime. This move would ensure speedy disposal of cases under the old indirect tax regime.

Notes:
Prime Minister Narendra Modi paid respects to Zorawar Singh and Fateh Singh, the sons of Tenth Sikh Guru Guru Gobind Singh’s sons who laid down their lives while defending their faith.
December 26 is observed as Veer Bal Diwas in Idia. Shiromani Gurdwara Parbandhak Committee as well as Akal Takht, the highest temporal body of the Sikhs, opposed the government’s initiative.

Notes:
Under Atal Innovation Mission, grant-in-aid of up to Rs. 10 crores for a maximum period of 5 years is provided to establish the Atal Incubation Centre (AIC)
Atal Incubation Centre (AIC) at the Bhabha Atomic Research Centre (BARC) recently signed agreements with MSMEs for incubation of newer technologies into commercial products.

Notes:
HCL Corporation and World Economic Forum (WEF) launched the ‘Aquapreneur’ Global Fresh Water Innovation Challenge.
HCL Corporation partnered with UpLink, the open innovation platform of the World Economic Forum, to announce the five-year-long Aquapreneur Innovation Initiative. The USD 15 million ‘Aquaprenuer-Global Fresh Water Innovation Challenge’ is attracting interest from startups from regions like India and the rest of the world.

Notes:
As per the Article IV Consultation report is based on International Monetary Fund bilateral discussions with the Indian authorities.
As per the report, for India’s economic growth is expected to moderate to 6.1% in FY24 from 6.8% estimated for the current fiscal because of high oil prices, weaker external demand, and tighter financial conditions. IMF cautioned that the emergence of a more contagious coronavirus variant could impact trade and growth further.

Notes:
Ladakh is celebrating Losar Festival on December 24, to mark the Ladakhi New Year. The Losar festivities continue for nine more days from the new year.
This is the major socio-religious festival of Ladakh celebrated in winter. The New Year is welcomed with dough Models of Ibex Sun and Moon and flour-painted lucky signs on the walls of the kitchen.

Notes:
Tamil Nadu government has issued orders to conserve the Nilgiri tahr, the state animal, at a cost of Rs 25.14 crore.
This is regarded as the first Nilgiri Tahr conservation project in the country. The project would be implemented during a 5-year period from 2022-2027, and follow a strategy including synchronised surveys to estimate numbers of the tahrs. The tahr is an endangered species and is protected under Schedule-I of the Wildlife (Protection) Act of India, 1972.

Notes:
Leaders and people of Meghalaya paid rich tribute to the Freedom Fighter U Kiang Nangbah on his 160th death anniversary.
U Kiang Nangbah had revolted against the British when Khasi-Jaiñtia Hills region were not part of India. He was hanged publicly at in Jowai town on December 30, 1862.

Notes:
Reserve Bank of India (RBI) releases the financial stability report (FSR) twice a year in every June and December.
As per the recent report, the gross non-performing asset (GNPA) ratio of scheduled commercial banks (SCBs) fell to a seven-year low of 5.0 per cent. The net non-performing assets (NNPA) have dropped to ten-year low of 1.3 per cent in September 2022.

Notes:
The Indian Institute of Astrophysics (IIA) is an autonomous Research Institute wholly financed by the department of Science and Technology. It has its headquarters in Bengaluru.
Astronomers and scientists at the Indian Institute of Astrophysics (IIA), along with their international collaborators, have recently found that hot stars and white dwarfs emitted less ultraviolet radiation than expected.