Current Affairs Quiz - December, 2022

Notes:
The International Monetary Fund (IMF) cautioned that India’s fiscal space is at risk, in its Article IV consultation report.
IMF also called for a more ambitious and well-communicated consolidation to ensure medium-term fiscal sustainability. It called for further structural reforms, including addressing the adverse impact of climate change, to secure strong and sustainable growth.

Notes:
Union Minister of Housing and Urban Affairs has recently released the draft guidelines for a new ranking system of cities based on their financial performance and beautification.
The ‘City Finance Rankings 2022’ aims to evaluate and reward urban local bodies on the basis of their strength across resource mobilisation, expenditure performance and fiscal governance systems. The ‘City Beauty Competition’ initiative aims to recognise efforts made by the cities and wards towards creating beautiful, innovative and inclusive public spaces.

Notes:
The National Highways Authority of India (NHAI) has appointed senior bureaucrat Santosh Kumar Yadav as Chairman.
Santosh Kumar Yadav, a 1995-batch IAS officer is currently additional secretary in the Department of School Education and Literacy, Ministry of Education.

Notes:
Cricket Australia has named the men’s Test Player of the Year award after Shane Warne. The legendary cricketer Warne passed away earlier this year.
In 2006, Warne won the Test player of the Year award and finished as the second-highest wicket-taker in Tests by the end of his career. Warne clinched 708 wickets from 145 matches.

Notes:
Union Minister of Power and New and Renewable Energy RK Singh said, a world-class Kayaking-Canoeing Academy is to be set up at Tehri in Uttarakhand.
He inaugurated the National Championship ‘Tehri Water Sports Cup’ at Tehri Lake. The new sports policy has been implemented in the state, and the government has also announced the re-introduction of the sports quota in jobs.

Notes:
The Election Commission of India has developed a prototype of a remote electronic voting machine (RVM) for domestic migrant voters.
It has invited political parties for a demonstration. If implemented, migrant voters do not need to travel to their home district to exercise their franchise and this will be a major move to increase voter participation.

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.

Notes:
Delhi government has recently cleared the draft Delhi Solar Policy 2022. It aims to increase the share of the city’s annual electricity demand met by solar energy from 9% at present to 25% by 2025.
The draft targets a total installed solar capacity of 6,000 megawatt by 2025. It includes benefits such as Generation Based Incentives and subsidy for consumers. The draft has been put in public domain for 30 days after which it will be tabled before Cabinet for final approval.

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.