Current Affairs Quiz - February, 2023

Notes:
The First meeting of Sustainable Finance Working Group under G20 was recently hosted in Guwahati, Assam.
The G20 meeting in Assam deliberated on sustainable financing solutions. The delegates also discussed raising funds through green bonds, sustainability linked bonds and other such instruments for projects.

Notes:
Ricky Kej is an Indian musician and environmental activist. The Indian music composer recently won his third Grammy Award for the album ‘Divine Tides’.
He is the youngest person to win this award and only the fourth Indian to achieve this feat. He recently made another history by becoming the only living Indian to win the Grammy Award thrice.

Notes:
The Budget presented by Kerala announced a road map for setting up green hydrogen hubs in Kochi and Thiruvananthapuram in the next two years.
A scheme of ₹200 crore has been announced for viability gap funding/grant/equity support to set up the green hydrogen hubs. An amount of ₹20 crore is earmarked additionally for the purpose in the Budget.

Notes:
As per the CITES (the Convention on International Trade in Endangered Species of Wild Fauna and Flora) trade database, 28 incidents of Red Sanders confiscation, seizure, and specimen were exported from India.
These consignments were exported to China (53.5%), Hong Kong (25.0%), Singapore (17.8%) and the United States of America (3.5%) from 2016 to 2020. Red Sanders (Pterocarpus santalinus) or red sandalwood, is an endemic tree species with distribution restricted to the Eastern Ghats of India and is found in Andhra Pradesh.

Notes:
Bangladesh recorded a 7.10 percent GDP growth rate for the Financial Year (FY) 2022 which marks an increase from 6.94 percent in FY 2021 and 3.45 percent in FY 2020.
As per the Bangladesh Bureau of Statistics (BBS), the per capita income of Bangladesh is USD 2793. The service sector in the Bangladesh economy has the highest share of 51.48 percent.

Notes:
UNESCO is set to announce Visva-Bharati University as a heritage university and it is set to become the world’s first living heritage university.
It was founded by Rabindranath Tagore in 1921, as a center for culture, promoting the arts, language, humanities, music, and culture studies. Rabindranath Tagore’s philosophy of open-air education is followed at the university.

Notes:
The Paris Club is an informal group of creditor nations that functions as a platform for official creditors that resolves payment issues faced by debtor countries. All of its 22 member states belong to the Organisation for Economic Co-operation and Development (OECD).
The Paris Club has recently decided to offer financial support to the International Monetary Fund (IMF) for Sri Lanka’s debt.

Notes:
North Korea stole more cryptocurrency assets in 2022 than in any other year, as per a recent report by United Nations.
As per the report, most of the money stolen was used to support its ballistic missile and weapons of mass destruction programmes. North Korea-linked hackers stole virtual assets worth USD 630 million while its cyber currency heist stood at USD 1 billion.

Notes:
The government has set up a special committee to examine the need for a separate competition law for digital companies.
Chaired by Corporate Affairs Secretary Manoj Govil, the committee will review whether existing antitrust laws in the country are equipped to deal with the challenges that have emerged from the digital economy, and submit to the government a draft Digital Competition Act within three months.

Notes:
Capital market regulator SEBI has launched operational guidelines on green bonds asking issuers to make additional disclosures along with its annual report and financial results.
The disclosures are pertaining to environmental sustainability objectives of such debt securities in the offer document. In addition, issuers of green bonds will have to disclose brief details of decision-making process followed for determining the eligibility of projects.