Current Affairs Quiz - February, 2023

Notes:
After floating over the US for days, a suspected Chinese surveillance balloon has been shot down by the US Defence officials.
The balloon is said to have a payload the size of several buses. China’s foreign ministry denied that the balloon was used for surveillance, and it said that it was a civilian airship used for meteorological and other scientific research

Notes:
As per the Union budget 2023-24, the government proposed to increase the agricultural credit target to ₹20 lakh crore with a focus on animal husbandry, dairy and fisheries.
The target has been increased from Rs 18 lakh crore, with an increase of 11.11% year on year. An Agriculture Accelerator Fund will be set up to encourage agri-startups by young entrepreneurs. The agriculture sector has been growing at an average annual growth rate of 4.6 per cent in the last six years.

Notes:
The Secretary, Ministry of Electronics and Information Technology (MeitY), inaugurated the G20 Cyber Security Exercise and Drill.
The Indian Computer Emergency Response Team (CERT-In) conducted the Cyber Security Exercise and drill in hybrid mode under India’s G20 presidency. Over 400 domestic and international participants attended the drill.

Notes:
The UNICEF recently released the ‘Prospects for Children in the Polycrisis: A 2023 Global Outlook’, report.
It explains ‘polycrisis’ as multiple, simultaneous crises that are strongly interdependent. As per the report some effects of the crises include higher food and energy prices leading to global hunger and malnourishment, limited access to healthcare, slow recovery from learning losses etc.

Notes:
Finance Minister stated that the Pradhan Mantri PVTG Development Mission will be launched, to  improve socio-economic conditions of the particularly vulnerable tribal groups (PVTGs).
Rs.15,000 crore will be made available to implement the Mission in the next three years under the Development Action Plan for the Scheduled Tribes.

Notes:
India and the USA have agreed to constitute task force to boost cooperation in semiconductor industry.
The task force will involve India’s Semiconductor Mission, India Electronics Semiconductor Association and the US Semiconductor Industry Association.  This was announced during the inaugural meeting of the initiative on Critical and Emerging Technologies (iCET).

Notes:
In the Union Budget 2023, Finance Minister Nirmala Sitharaman has proposed to increase the tax rebate to Rs 7 lakh under New Tax Regime.
This means no tax will be levied on income up to Rs 7 lakh under New Regime. Standard Deduction under New Tax Regime for individuals with income up to Rs 15 lakh will be Rs 52,400. The Finance Minister has proposed to reduce the highest surcharge rate from 37 per cent to 25 per cent in the new tax regime, for individuals in the highest tax bracket.

Notes:
Google has invested nearly USD 400 million in artificial intelligence start-up Anthropic AI. The two companies announced a partnership that will see the AI start-up use Google’s cloud computing services.
Anthropic CEO Dario Amodei announced that they would use Google Cloud to build reliable, interpretable, and steerable AI systems and to create a robust AI platform.

Notes:
A Memorandum of Understanding (MoU) was signed between Ministry of Cooperation, Ministry of Electronics and Information Technology, NABARD and CSC e-Governance Services India Limited.
It aims to enable Primary Agricultural Credit Societies (PACS) to provide services offered by Common Service Centers. Over 300 services will be made available to the rural population including 13 crore farmer members of PACS.

Notes:
Ministry of Textiles is implementing ‘Enhancing Circularity and Sustainability’ project in collaboration with United Nations Environmental Programme (UNEP).
The main objective of the project is to minimize the negative environmental impacts of Indian Textile by promoting sustainable practices and mainstreaming knowledge on circular production based practices in the Textiles and Apparel sectors. Government also approved 20 strategic research projects in the areas of Specialty fibres and geo textiles.