Current Affairs Quiz - December, 2022

Notes:
Capital markets regulator SEBI said that it has initiated a detailed study of fees and expenses charged by mutual funds.
The study would seek to encourage new participants, encourage adoption of technology, discourage cross subsidisation across schemes, close arbitrage opportunities, and curbing malpractices if any in the practice.

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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.

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The Indian Institute of Sciences (IISc), ARTPARK (AI and Robotics Technology Park) and Google have partnered together for ‘Project Vaani’ Initiative.
The digital project aims to map the language diversity of India by collecting speech sets of about a million people across 773 districts. The project aims to record over 150,000 hours of speech, part of which will be transcribed in local scripts. The goal is to boost development of automatic speech recognition, speech to speech translation and natural language understanding.

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Daksh is the advanced supervisory management system maintained by the Reserve Bank of India (RBI).
RBI recently announced that it is migrating the payments fraud reporting module to Daksh on January 1, 2023. The move aims to streamline reporting, enhance efficiency and automate the payments fraud management process.

Notes:
In India, the minimum wage for labourers has been fixed at Rs 178 per day. The labour ministry is considering a shift from the minimum wage to a living wage.
As per reports, India could seek help from the International Labour Organisation (ILO) to arrive at living wages. A minimum wage is the amount required for subsistence and is set by law while the living wage is necessary for workers to meet their basic living requirements. The difference between the two may range from 10 to 25 per cent.

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As part of India’s G20 presidency, the Minister for Electronics & Information Technology, Ashwini Vaishnaw has launched the ‘G20 Digital Innovation Alliance” (G20-DIA)’.
He also launched the ‘Stay Safe Online’ campaign to increase awareness about the safe practices to be used while being online. MeitY is the Nodal Ministry for the G20 Digital Economy Working Group (DEWG). During India’s G20 presidency, MeitY will focus on three priority areas, namely Digital Public Infrastructure (DPI), Cyber Security, and Digital Skill Development.

Notes:
Union Information and broadcasting Minister Anurag Thakur released the Official Government of India Calendar for the year 2023.
It has 12 themes for the 12 months to highlight the efforts made by the Government towards public welfare. The calendar will showcase the achievements of the Government so far and the commitment for future, with the theme ‘Naya Varsh, Naye Sankalp’. It will be made available in 13 languages.

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.

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The first consignment under the India-Australia Economic Cooperation and Trade Agreement (ECTA) was flagged off from Chennai.
Another flagging off ceremony of the export consignments from Tamil Nadu under ECTA was held on at Ennore Adani Container Terminal, in Tamil Nadu.  The pact will boost overall bilateral trade and benefit various labour intensive sectors of India as import duty from existing 5% becomes zero.

Notes:
The Election Commission has initiated the delimitation of assembly and parliamentary constituencies in Assam.
It will use the 2001 census figures for the readjustment of seats. The move to redraw the assembly and parliamentary seats of Assam as per Section 8A of the Representation of the People Act, 1950 has been initiated after a request from the Union Law Ministry.