Current Affairs Quiz - December, 2022

Notes:
Decacorn is the name given to a business with a value more than USD 10 billion. Unicorns are businesses with a value more than USD 1 billion.
Recently, the collective value of the Indian Premier League (IPL) is estimated to have gone up to USD 10.9 billion, thereby becoming a decacorn. Media rights, sponsorships, ticket sales, and in-stadia revenue are the contributors for its revenue.

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:
The Ministry of Health and Family Welfare has approved Bharat Biotech’s intranasal Covid vaccine as a booster dose for those above 18 years of age.
India’s first intranasal Covid vaccine iNCOVACC will be added to the CoWin app, which is a web platform for vaccination registration in the country. At present, only Bharat Biotech’s Covaxin, Serum Institute’s Covishield and Covovax, Russian Sputink V and Biological E Ltd’s Corbevax are listed in the CoWin portal.

Notes:
Union Cabinet decided to provide free food-grains to all 81 crore beneficiaries covered under the National Food Security Act (NFSA) till December 2023.
The beneficiary families which used to pay ₹1 for coarse cereals, ₹2 for wheat and ₹3 for rice per kg will now get 35kg of food-grains free for the next one year and others will get 5kg for free in a month till December 2023. The Centre has estimated an additional amount of ₹2 lakh crore for the scheme.

Notes:
The bar-headed goose, considered one the world’s highest flying birds, recently visited the Muttukadu backwaters in Tamil Nadu.
As many as seven bar-headed geese made a temporary stop at Muttukadu. Bar-headed geese, native to Central Asia, are capable of flying through the passes of the highest mountains with speedy winds freezing temperatures.

Notes:
The Government of India and Asian Development Bank (ADB) signed a USD 125 million loan to improve urban services in Tamil Nadu.
Tamil Nadu Urban Flagship Investment Program seeks to develop climate-resilient sewage collection and treatment, and drainage and water supply systems in three cities in the state. This is the third and the last tranche of the USD 500 million multi-tranche financing facility (MFF) for the Program approved by ADB in 2018.

Notes:
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.

Notes:
Indian Air Force (IAF) successfully test-fired the extended-range version of BrahMos Air-Launched missile.
It was test fired against a ship target from a frontline SU-30MKI aircraft. The maiden test of the extended range of the Brahmos Air Launched missile was conducted on May 12. BrahMos missiles are designed, developed and produced by BrahMos Aerospace, a joint venture company set up by India’s DRDO and Russia’s Mashinostroyenia.

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 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.