Current Affairs Quiz - February, 2023

Notes:
WAPCOS is an engineering consultancy and construction services firm under the Jal Shakti Ministry. In September 2022, it filed draft papers with market regulator SEBI for launching an IPO by selling 3.25 crore shares held by the Government.
Department of Investment and Public Asset Management (DIPAM) announced recently that the Government is targeting to launch the initial public offering (IPO) of IREDA, and WAPCOS, in the next fiscal.

Notes:
Union Finance Minister Nirmala Sitharaman announced a new initiative for empowering the Vishwakarma community.
The PM VIKAS (Pradhan Mantri Vishwakarma Kaushal Samman) yojana will provide support by providing skills training to artisans and craftsmen people engaged in traditional and skilled professions. The special package will help integrate them with MSME value chain.

Notes:
In the Union Budget 2023, the Government enhanced the outlay for Pradhan Mantri Awas Yojana by 66 per cent to 79000 crore.
Pradhan Mantri Awas Yojana is an initiative by the Ministry of Housing and Urban Affairs. The Finance Minister also proposed to use Permanent Account Number (PAN) card as a common identifier for all digital systems of government agencies.

Notes:
Deoghar Mart is an online marketplace for local artisans, shops, micro-enterprises and businessmen, which is made operational in Jharkhand.
The online e-commerce website selling local arts and crafts is an initiative of the district administration and was launched by District Magistrate of Deoghar Manjunath Bhanjantri.

Notes:
Maharashtra tops the list in sales of electric vehicles across all segments which have availed of the FAME II subsidy.
It is followed by Karnataka, Tamil Nadu, Gujarat and Rajasthan. The top five states collectively account for over 56 per cent of the 0.85 million electric vehicles bought through the scheme, according to government data. Under the FAME II scheme, the government earmarked Rs 10,000 crore as a subsidy to electric vehicles. The scheme has been extended till March-end 2024.

Notes:
A new report ‘Teleconnections Among Tipping Elements in the Earth System’ Report, has found a direct link between deforestation of the Amazon rainforest and the temperature changes in Tibet.
Tibet is situated more than 15,000 km from the rainforest. It revealed the strong link between climate tipping elements. A tipping point is a threshold beyond which major, irreversible changes occur in a specific region.

Notes:
The United Nations General Assembly proclaimed 4 February as the International Day of Human Fraternity in 2020.
It celebrates the values of compassion, religious understanding, and mutual respect. On the occasion, the UN chief called for renewed commitment to form an ‘alliance of peace’ amid a surge in hate speech, sectarianism and strife.

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:
Bard is an AI chatbot that is being developed by Google as a competitor for the popular Microsoft-backed ChatGPT.
Bard will use AI to generate answers in text when queries are typed by the users. This chatbot will function based on the AI model called LaMDA, which was introduced by Google in 2021 as a generative language model for dialogue applications.

Notes:
The Trade Receivable Discounting System (TReDS) is an electronic platform that facilitates the financing or discounting, trading and settling invoices of the MSMEs.
The Reserve Bank of India (RBI) has decided to expand the scope of the TReDS to allow the use of insurance facilities. This will facilitate secondary market operations on the TReDS.