Current Affairs Quiz - February, 2023

Notes:
Union Finance Minister announced an initiative called MISHTI ‘Mangrove Initiative for Shoreline Habitats and Tangible Incomes’.
Under the scheme, mangrove plantations will be taken up along the country’s coastline apart from salt pans, wherever feasible, through the convergence of the job guarantee scheme MGNREGS, the Compensatory Afforestation Fund, and other sources.

Notes:
India jumped to the third spot in the International Boxing Association’s (IBA) latest world ranking.
Indian boxing teams consistently finished amongst the top 5 countries at global multi-nation tournaments such as World Championships, Asian Games and the Common wealth games.

Notes:
India, France, UAE agreed to establish a formal trilateral cooperation, in fields including energy, defence, economy
The three countries said that they will explore the possibility of working with the Indian Ocean Rim Association (IORA) to pursue actionable projects on clean energy, environment and biodiversity.

Notes:
Ministry of Heavy Industries implements the ‘FAME (faster adoption and manufacturing of electric vehicles) scheme’.
The government has nearly doubled its budgetary allocation for the FAME scheme to subsidise the purchase of electric vehicles. As per the budget, the subsidy under FAME scheme for fiscal 2024 is projected at Rs 5,172 crore, compared to the revised estimate of Rs 2,897 crore in the current fiscal year. This is the highest allocation under the scheme since its launch in 2020.

Notes:
Turkey’s President Recep Tayyip Erdogan said the earthquake that hit Gaziantep in southern Turkey was the country’s worst disaster since 1939 Erzincan earthquake.
The 1939 Erzincan earthquake resulted in the deaths of around 33,000 individuals. It was caused by the movement of the North Anatolian Fault Zone, which resulted in a quake measuring 7.8 on the Richter scale. This earthquake caused damage to the Erzincan Plain and the Kelkit River Valley.

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:
US President Joe Biden recently delivered the State of the Union (SOTU) Address at the Joint Session of the Parliament in the US Capitol in Washington DC.
This is Biden’s second SOTU address. According to the country’s Constitution, the US President is required to deliver the state of the Union to Congress and recommend measures that he judges to be necessary and beneficial.

Notes:
The Quad Cyber Challenge was launched by the QUAD member states (Australia, India, Japan, and the United States) to enhance the cyber security within their individual territories.
This campaigns calls on Internet users across the Indo-Pacific region and other places to join the pledge to practice safe and responsible cyber habits.

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:
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.