Current Affairs Quiz - December, 2023

Notes:
India for the first time invited bids for 20 critical mineral blocks, including lithium and graphite. This is not only seen to boost economic development but also a part of the nation’s strategy to ensure adequate domestic resources of essential raw materials for powering the green energy transition.
The auction will be held online, using a transparent two-stage ascending forward auction process. Eligible bidders will be chosen based on the highest percentage of the quoted value of dispatched minerals they offer.

Notes:
Leading automobile manufacturer Tata Motors has launched a registered vehicle scrapping facility (RVSF) in Punjab, which will be the company’s fourth such unit.
Named ‘Re.Wi.Re – Recycle with Respect, the facility uses environmentally friendly processes and has the capacity to disassemble 12,000 end-of-life vehicles safely and sustainably, each year. It is equipped to scrap both passenger and commercial vehicles, regardless of their brand.

Notes:
The Sri Lankan cabinet has given clearance to allow China’s energy major Sinopec to establish a new $4.5 billion petroleum refinery plant at the strategic Hambantota port in the island nation.
The upcoming plant of Sinopec, which entered the Sri Lankan market in July this year, would be the largest foreign direct investment with $4.5 billion for Sri Lanka.

Notes:
Pakistan and the UAE have inked several agreements under which the Gulf nation is likely to invest between USD 20-25 billion in the cash-strapped nation, according to a media report.
The caretaker Prime Minister Anwaarul Haq Kakar’s meeting with the UAE President Sheikh Mohammed bin Zayed Al Nahyan was held in Abu Dhabi. Pakistan is battling an acute balance of payments crisis and falling foreign exchange reserves.

Notes:
Hydropower currently makes up around 11% of India’s energy mix, as per government data. However, experts estimate the country has a total hydroelectric potential of 145 gigawatts (GW), of which only 29% has been utilized so far. Unlike coal power, hydropower offers flexible generation as the units can rapidly adjust output to match demand fluctuations. This ability makes it well-suited to balance the intermittency of renewables like solar and wind.

Notes:
Indian Navy will conduct its biggest ever multilateral exercise Milan-2024 in Vizag deploying both its aircraft carriers, INS Vikramaditya and new indigenous INS Vikrant. The event involving 50 friendly foreign navies aims to demonstrate India’s expanding military prowess as security provider in the Indian Ocean region.
Flagship participation of the carriers equipped with fighter jets and helicopters will showcase naval aviation capabilities across mission spectrums from combat preparedness to humanitarian aid.

Notes:
The recently announced roadmap by the National Biofuels Coordination Committee (NBCC) lays out a phased plan for mandating blending of compressed biogas (CBG) into city gas distribution (CGD) networks across India. As per this roadmap, CGD entities will have to start blending CBG with compressed natural gas (CNG) for transportation and piped natural gas (PNG) for households from the financial year 2025-26.
The blending percentage will be 1% of total CNG and PNG consumption in FY26, progressively increasing to 3% in FY27 and 4% in FY28. From financial year 2028-29 onwards, the obligatory CBG blending percentage has been set at 5% of overall CNG and domestic PNG demand.

Notes:
A rare golden mole species called De Winton’s golden mole, presumed extinct since 1936, has been rediscovered after an extensive two-year survey in South Africa’s west coast sand dunes. The blind mole around mouse/hamster size burrows expertly underground and leaves no tunnels, making it extremely elusive. Advanced DNA sampling methods and sniffer dogs helped confirm traces matching the rare species.
Its rediscovery raises hopes for the survival of more thought-extinct species as biodiversity surveying improves. Protecting such rare endemic species is vital for conservation.

Notes:
The Central Board of Indirect Taxes and Customs (CBIC) has enabled two-factor authentication for all e-waybill and e-invoice systems to further enhance the security of the goods and services tax systems.
The feature was enabled on December 1 and was rolled out on Monday. Currently the pilot rollout has been done for a state of Haryana and after seamless operation of the same in the state, it is being rolled out for Punjab, Chandigarh, Uttarakhand, Rajasthan and Delhi taxpayers in the first phase. In the second phase, it will be rolled out across the country.

Notes:
The third edition of the IIGF is being conducted under the overarching theme “Moving Forward – Calibrating Bharat’s Digital Agenda”.
The India Internet Governance Forum is an initiative associated with the UN Internet Governance Forum (UN IGF). It is a hybrid event and the event is being held at Bharat Mandapam, Pragati Maidan, New Delhi. The event is an effort to focus on issues such as building a secure, trusted and resilient cyberspace for, Enabling Innovation for India’s Developmental Goals etc.