Current Affairs Quiz - February 2022

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:
The US Justice Department has announced the unravelling of the country’s biggest-ever cryptocurrency theft case.
The officials have recovered USD 3.6 billion, which was linked to the hack of Bitfinex. It is a virtual currency exchange whose systems were breached by hackers nearly six years ago. A pair is accused of conspiring to launder 119,754 bitcoin stolen after the exchange was hacked.

Notes:
The researchers from the United Kingdom found an ancient Roman settlement site while investigating the route of the construction of upcoming high-speed railway called HS2.
In a recent excavation, Scientists could find 40 decapitated skeletons, which were likely to have been executed criminals. Many of these were buried in graves with their severed heads placed between their legs or at their feet. The team earlier found 1,200 coins, pottery, cutlery, gaming dice, bells and lead weights.

Notes:
Karnataka’s Department of Primary and Secondary Education has developed an application named ‘Namma Shaale Nanna Koduge’ app.
This aims to address infrastructure needs of government schools, shortage of teachers, better use of learning aids and utilisation of Corporate Social Responsibility (CSR) funds.

Notes:
U.S announced USD 5 billion to be made available under the new National Electric Vehicle Infrastructure (NEVI) Formula Program.
It aims to build a national electric vehicle charging network. The money will be used over five years to build thousands of electric vehicle charging stations.

Notes:
The National Bank for Agriculture and Rural Development (NABARD) recently launched an agro ecology-based programme JIVA.
It aims to promote natural farming under NABARD’s watershed and wadi programmes in 11 states covering five agro-ecological zones. It aims to nudge the farming community towards natural farming.

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.

Notes:
Indian National Women’s Day is observed every year on 13 February to commemorate the birth anniversary of Sarojini Naidu.
She was also called ‘Nightingale of India’ or ‘Bharat Kokila’. Sarojini Naidu was the first woman Governor of Uttar Pradesh and the first woman ever to be elected as the President of the Indian National Congress.

Notes:
Australian government announced a series of new initiatives to boost its education and cultural ties with India under the Maitri programme.
Under the Maitri Scholars Programme, Australian government will provide over 11 million dollars over four years to support Indian students to study at Australia’s top universities. The Maitri Fellowship Programme will provide 3.5 million dollars to support mid-career Australian and Indian professionals to collaborate on strategic research initiatives.

Notes:
India has cut its tax on crude palm oil (CPO) imports to 5 percent from 7.5 percent. The reduction in the tax, known as ‘Agriculture Infrastructure and Development Cess (AIDC)’, will widen the gap between the CPO and refined palm oil import duties.
This will make it cheaper for Indian refiners to import CPO. India is the world’s biggest edible oil importer.