Current Affairs Quiz - February 2022

Notes:
Southern Railway has introduced Quick Response (QR) code-based payment of ticket fare in Automatic Ticket Vending Machines (ATVMs).
This aims to encourage cashless transactions and digital payments. As per the Railway administration, journey and platform tickets can be purchased using QR code facility. Renewal of season tickets can also be completed digitally.

Notes:
Frank-Walter Steinmeier has been elected to a second term as Germany’s President. A special assembly voted the veteran politician, to the President Post.
Steinmeier was elected by secret ballot by a majority of the assembly for another five years. German presidents are elected by special assemblies comprising lawmakers and hundreds of other prominent citizens.

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.

Notes:
Prorogation means discontinuing a session of the Parliament or a legislative assembly without dissolving it.
West Bengal Governor Jagdeep Dhankhar prorogued the state Legislative Assembly with effect from February 12 after exercising power vested with him under Article 174 of the Constitution. The state government will have to take permission from the Governor to commence the next session of the Assembly.

Notes:
Vedanta and Hon Hai Technology Group (also known as Foxconn) have formed a joint venture (JV) to manufacture semiconductors in India.
This is the first joint venture in the electronics manufacturing space after the Production Linked Incentive Scheme (PLI). In December 2021, the Centre cleared a PLI scheme for semiconductor and display board production targeting an investment of Rs 76,000 crore over the next five to six years.

Notes:
After Kerala and Tamil Nadu, Karnataka High Court has struck down the state’s ban on online gambling, declaring it to be ultra vires under the Constitution.
The Court struck down key amendments to the Karnataka Police Act, 1963, which were brought in last year to ban all forms of gambling in the state. The Court said that the state may bring in legislation to regulate betting and gambling, in accordance with the provisions of the Constitution.

Notes:
Finance Minister Nirmala Sitharaman allocated ₹48,000 crore towards completion of 80 lakh houses under Prime Minister Awas Yojana (PMAY) in rural and urban areas during 2022-23.
Recently, the Ministry of Housing and Urban Affairs approved project proposals for over 60,000 houses across five states — Andhra Pradesh, Chhattisgarh, Himachal Pradesh, Karnataka and Rajasthan.

Notes:
Union Minister for Social Justice and Empowerment, Dr. Virendra Kumar launched the Scheme for Economic Empowerment of DNTs (SEED).
It aims to promote the welfare of De-notified, Nomadic and Semi Nomadic Communities. The Department of Social Justice & Empowerment has developed an online portal to ensure seamless registration and data storage of these communities

Notes:
NITI Aayog inaugurated the first-of-its-kind initiative of ‘Fintech Open month’, to bring together regulators, Fin-tech professionals, industry leaders, start-up community on a common platform.
The overarching theme is ‘OPEN’, to achieve three objectives namely 1) encourage Open ecosystem across the Fin-Tech industry; (2) promote co-innovation and growth; (3) ensure financial inclusion and leverage new models like Account Aggregator.

Notes:
India reported an outbreak of highly contagious H5N1 bird flu virus on a poultry research farm in Bihar.
The Paris-based World Organisation for Animal Health (OIE) announced that the virus killed 787 out of 3,859 birds on the farm in Patna and all of the remaining birds were slaughtered.