Current Affairs Quiz - February, 2023

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:
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:
India will be invited as the theme country at the Madrid International Book Fair in 2025, the Ambassador of Spain to the country Jose Maria Ridao.
Spain is the theme country at the 46th International Kolkata Book Fair, which began recently. As part of the cultural exchange between the two countries, Spain has donated books to five universities in Bengal.

Notes:
National Award-winning legendary playback singer Vani Jairam passed away recently at the age of 78.
In a career spanning more than 50 years, Vani Jairam sang over 10,000 songs in several languages. The legendary singer was named for the Padma Bhushan the third-highest civilian award of the country by the Government of India, this year. Vani Jairam has won three National Film Awards for Best Female Playback Singer.

Notes:
Commerce and Industry Minister Piyush Goyal said that the US has emerged as India’s top destination for merchandise exports during April-December this fiscal at USD 59.7 billion.
The US was followed by UAE (USD 23.31 billion); Netherlands (USD 14.1 billion); China (USD 11 billion); Singapore and Bangladesh (about USD 9 billion each).

Notes:
A new species of frog known as the Ukaguru spiny-throated reed frog has been discovered in African country Tanzania.
The frog has an uncommon characteristic of being completely silent, unlike other frogs that croak, sing, or ribbit. This frog belongs to the ‘spiny-throated’ group. They are only found in small populations, making them vulnerable to extinction.

Notes:
The Wetland Ex-Situ Conservation Establishment (WESCE) is a zoo that is being proposed by the state government of Rajasthan.
It is set to be established within the Keoladeo National Park, a World Heritage Site also known as the Bharatpur bird sanctuary. The WESCE will display a range of wetland species like water buffaloes, dolphins, crocodiles, and others.

Notes:
National Industrial Corridor Development and Implementation Trust (NICDIT) is an apex government body that comes under the aegis of the Department of Industrial Policy and Promotion (DIPP).
It is responsible for development of industrial corridors like Chennai-Bengaluru Industrial Corridor, Bengaluru – Mumbai Industrial Corridor and others. The Indian Government has sanctioned and approved 8 projects under NICDIT.

Notes:
A report titled ‘LiFE lessons from India’ was recently released by the International Energy Agency (IEA).
As per the report, the ‘Lifestyle for Environment’ or LiFE initiative of India for the adoption of energy-efficient behaviour can save the world USD 440 billion in 2030. As per the report, the saving would be equivalent to around 5% of all fuel spending across the global economy in that year.

Notes:
US Federal Reserve, the country’s central bank recently introduced Wall Street bank stress-test scenarios.
The central bank will examine the ability of the 23 biggest US lenders to withstand crisis conditions without degrading their capital. For the first time, the so-called stress test will feature an ‘exploratory market shock’ to the trading books of the largest and most complex banks.