Current Affairs Quiz - February, 2023

Notes:
The first G20 Energy Transition Working Group meeting under India’s Presidency will be held in Bengaluru from February 5th to 7th.
Technology gaps in energy transition, low-cost financing for energy transition, energy security and diversified supply chain, industrial low carbon transition and fuel for future are the priority areas of the Working group discussion.

Notes:
As per a recommendation made by the Department of Commerce, IIT Madras will be provided a grant of Rs 242 Crore over a period of five years to undertake research on Lab Grown Diamonds (LGD).
In the Union Budget 2023, Union Finance Minister said that Lab grown Diamonds (LGD) is a technology and innovation-driven emerging sector with high employment potential.

Notes:
The Reserve Bank of India issued Master Direction – Reserve Bank of India (Acquisition and Holding of Shares or Voting Rights in Banking Companies) Directions.
As per the directions, permission to acquire shares or voting rights in a banking company for non-promoter will be limited to 10 % in case of individuals, non-financial institutions, and financial institutions connected with large industrial houses. The limit is 15 % in case of financial institutions, PSUs and government. RBI recently allowed DSP Investment Managers to hike its stake in DCB Bank to 9.99 per cent.

Notes:
Union Sports Ministry formed an Oversight Committee to probe allegations against the Wrestling Federation of India (WFI).
Former wrestler Babita Phogat has joined the Oversight Committee panel. The Oversight Committee is also conducting an enquiry into the allegations of sexual misconduct, harassment, intimidation, financial irregularities and administrative lapses of WFI.

Notes:
First G20 Sustainable Financial Working Group meeting was recently inaugurated in Guwahati, Assam.
Guest delegates visited several places of importance like Kaziranga National Park, Pobitora Wildlife Sanctuary, Gorbhanga Reserve Forest, Brahmaputra’s River Island and Brahmaputra Heritage Centre.

Notes:
Indian Prime Minister Narendra Modi named as the world’s most popular leader with an approval rating of 78 per cent.
The Global Leader Approval survey, carried out by the USbased Morning Consult, featured 22 global leaders. PM Modi stood on top of the list with 78% approval rating. The second most popular leader as per the survey is Andres Manual Lopez Obrador ( Mexico ), while Alain Berset (Switzerland ) stood third. US President Joe Biden came seventh while UK Prime Minister Rishi Sunak was placed 12th.

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:
The United Nations food agency, the Food and Agriculture Organization’s (FAO) price index tracks the most globally traded food commodities.
As per the recent FAO Food Price Index (FFPI), World food prices decline for 10th month as recorded in January- FAO Food Price Index (FFPI). The index averaged 131.2 points in January against 132.4 for December.

Notes:
The United States and the Philippines announced plans to expand America’s military presence in the Southeast Asian nation.
The countries decided to accelerate full implementation of their ‘Enhanced Defense Cooperation Agreement (EDCA)’. As part of the agreement, the U.S. has allocated $82 million toward infrastructure improvements at five current EDCA sites. This will provide access to four more bases to the US.

Notes:
International Day of Zero Tolerance for Female Genital Mutilation is observed on February 6 each year to raise global awareness about the issue concerning the female genital mutilation (FGM).
This day was established in 2003 after the Campaign against Female Genital Mutilation officially declared “Zero Tolerance to FGM” in Africa on February 6.