Current Affairs Quiz - February 2022

Notes:
Sovereign gold bonds (SGB) are government securities denominated in grams of gold, issued by the RBI on behalf of the Government of India.
The maturity period of the sovereign gold bond is eight years. The premature redemption is permitted after the fifth year from the date of issue of such gold bonds on the interest payout date.

Notes:
The European Commission, the executive arm of the EU, announced ‘European Chips Act’ that will enable 15 billion euros (USD 17.11 billion) in additional public and private investments until 2030.
The European Commission has already allocated 30 billion euros of public investments for chip production. This aims to avoid supply chain disruptions down the line and become less dependent on foreign firms.

Notes:
Scientists in the United Kingdom have achieved a new milestone in producing nuclear fusion energy, or imitating the way energy is produced in the Sun.
A team at the Joint European Torus (JET) facility in central England generated 59 mega joules of sustained energy during an experiment. A kg of fusion fuel contains about 10 million times energy of that of a kg of coal, oil or gas.

Notes:
According to figures released by the US Census Bureau, India-US bilateral goods trade was worth USD 113.391 billion from January to December 2021.
This is the largest volume of goods trade in a calendar year in India-US economic history. India exported goods worth over USD 73 billion, and imported goods worth over USD 40 billion dollars. In 2020 trade fell to USD 78.2 billion due to pandemic, from the high of USD 92.1 billion in 2019.

Notes:
Acromegaly is caused by excessive secretion of growth hormone, most often from a tumor in the pituitary gland. The disorder causes increased height when it manifests in childhood and adolescent age group.
The Fairbank’s disease (Multiple epiphyseal dysplasia) patient usually requires management of pain and orthopaedic procedures.  As per Health Ministry, patients of both these diseases are getting treatment at various tertiary health facilities in India.

Notes:
India is the fifth largest exporter of millets in the world, according to 2020 data, with exports increasing at around 3 per cent CAGR in the last five years ending with 2020.
In 2020-21, India exported millets worth USD 26.97 million against USD 28.5 million in 2019-20. World export of millet has increased from USD 380 million in 2019 to USD 402.7 million in 2020.

Notes:
India’s Directorate General of Foreign Trade announced that the import of drones is banned. The order exempted those used for research and development, defense, and security purposes.
This move also blocks the market for China’s SZ DJI Technology Co., the world’s top dronemaker, and encourages India’s local industry to increase production. Import of some drone components will be allowed.

Notes:
One Ocean Summit is being organised by France in cooperation with the United Nations and the World Bank.
India supported the French initiative of a ‘High Ambition Coalition on Biodiversity Beyond National Jurisdiction’. Prime Minister Narendra Modi attended the conference and said that India is committed to eliminating single-use plastic.

Notes:
Ministry of New and Renewable Energy (MNRE) launched the Pradhan Mantri Kisan Urja Suraksha evem Utthan Mahabhiyan (PM KUSUM) Scheme for farmers for installation of solar pumps and grid connected solar and other renewable power plants.
Recently, the Central government has set the target for replacing diesel with renewable energy in the agricultural sector by 2024.

Notes:
Brazil recorded the most deforestation ever in the Amazon rainforest for the month of January, according to new government data.
Deforestation in Brazil’s Amazon totalled 430 sq kilometres last month, five times higher than January 2021. This is according to preliminary satellite data from government space research agency.