Current Affairs Quiz - December, 2022

Notes:
Fitch Ratings affirmed India’s sovereign credit rating at ‘BBB-‘ with stable outlook. It also said that the country’s rating reflected strengths from a robust growth outlook and resilient external finances.
Fitch expects the government to push ahead with fiscal consolidation and forecast FY24 deficit target to be set at 6.0% of GDP in the FY 24 budget.

Notes:
Indian men’s doubles pair of Satwiksairaj Rankireddy and Chirag Shetty reached their career-best world No. 5 rank in the BWF world rankings.
They clinched two world tour titles at Indian Open Super 500 and French Open Super 750 and claimed maiden gold at the Commonwealth Games and a bronze at the World Championships. HS Prannoy was ranked at world number 9. Double Olympic medallist P V Sindhu continued to hold on to the number six position.

Notes:
The Jharkhand Assembly recently passed a Rs 8,533.79-crore supplementary budget for the current fiscal by voice vote.
On August 1, the house passed a Rs 3,436.56-crore supplementary budget for the 2022-23 fiscal. As per the house, the government has spent 49 per cent of the main estimates till date, and a supplementary budget was required for ensuring a proper supply of power and scholarships.

Notes:
Russia will begin supplying India with the third squadron of the S-400 air defence missile system in January or February of next year.
India has already deployed its first two missile system squadrons to patrol the Ladakh sector, West Bengal’s Chicken’s Neck Corridor and the entire north-eastern region. India and Russia have agreed to a three-year ₹35,000 crore deal to buy five squadrons of S-400 air defence missiles.

Notes:
Flipkart and PhonePe announced the full ownership separation of PhonePe, India’s largest digital payments platform.
The PhonePe Group was acquired by the Flipkart Group in 2016 and is one among India’s largest digital payments platform. PhonePe has over 400 million registered users, as it builds products and offerings tailored to the Indian market.

Notes:
India and Bangladesh agreed to start negotiations for a free trade agreement (FTA) at an early date. The decision was taken in a meeting between Commerce and Industry Minister Piyush Goyal and his Bangladeshi counterpart Tipu Munshi.
A joint feasibility study on the Comprehensive Economic Partnership Agreement (CEPA), has been carried out after the two countries agreed to explore the possibility of negotiating a trade pact. The bilateral trade between India and Bangladesh increased to USD 18.2 billion in 2021-22.

Notes:
Bangladeshi Prime Minister Sheikh Hasina inaugurated the country’s first ever metro rail line in its capital city Dhaka.
Dhaka is regarded as one of the world’s most densely populated cities. The Metro project has been mostly funded by Japan and the train network has been in development for nearly 10 years.

Notes:
Asian Games silver medallist Brijesh Damani won his maiden National Billiards Championship as he defeated his fellow player Dhruv Sitwala in Indore.
Indian Oil’s Brijesh had defeated B. Bhaskar of Karnataka and reigning World 6Red Champion S. Shrikrishna in quarterfinal and semifinal. At present, Brijesh has six international medals, including a silver at the 2010 Guangzhou Asian Games.

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:
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.