Current Affairs Quiz - December, 2022

Notes:
New Delhi Television Ltd (NDTV) founders Prannoy Roy and his wife Radhika Roy said that they have decided to transfer most of their shares in the company to billionaire Gautam Adani.
With this the control of about 65% of the news broadcaster will be transferred to Adani, while Radhika and Prannoy Roy will retain a combined 5% stake in NDTV.

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:
Union Minister for Youth Affairs and Sports, Anurag Singh Thakur inaugurated the Sports Science Centre in Udupi.
This Sports Science Centre will bring together sports scientists and athletes. The Government has spent 2700 crore rupees to enhance sporting infrastructure as well as 3,136 crore rupees for Khelo India Games, for a period of five years.

Notes:
The Reserve Bank of India (RBI) has mandated banks in the country to renew their locker agreements with existing locker customers by January 1, 2023.
All the existing locker depositors are required to furnish proof of eligibility for a renewed locker arrangement. RBI also advised the banks to install CCTV camera at entry and exit points of strong room and preserve its recording for a period of not less than 180 days.

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:
Centre for Economics and Business Research (CEBR) announced that India will become the third economic superpower by 2037 and a USD 10-trillion economy by 2035.
This growth trajectory will see India rise from fifth place on the World Economic League Table in 2022 to third in the global rankings by 2037.  The annual rate of India’s GDP growth is expected to average 6.4% in the next five years, average 6.5% in the subsequent nine years.

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:
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:
Prime Minister Narendra Modi virtually laid foundation stone and projects worth more than ₹7,800 crore in West Bengal.
He also virtually inaugurated Dr. Syama Prasad Mookerjee – National Institute of Water and Sanitation (DSPM – NIWAS). It will serve as an apex body in the country on water, sanitation and hygiene (WASH) in the country, serving as a hub of information and knowledge for Central, State and local governments.