Current Affairs Quiz - February, 2023

Notes:
The Indian military forces concluded a joint training exercise named ‘Trishakti Prahar, which began in North Bengal.
As per defence sources, the aim of the exercise was to practice battle preparedness of the security forces, using latest weapons and equipment in a networked, integrated environment, involving the Army, the Indian Air Force and CAPFs.

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:
Parli Vaijnath-Vikarabad Railway Electrification Project was completed recently, after which the entire route of 268 kilometers is now electrified.
Parli Vaijnath is a city of Maharashtra. The project will benefit the people of Telangana, Karnataka and Maharashtra.

Notes:
Indian Railways introduced Garvi Gujarat tour under Ek Bharat Shrestha Bharat Scheme to showcase heritage of Gujarat.
This Bharat Gaurav Deluxe AC Tourist Train with 1st AC and 2nd AC Class will be operated for eight days inclusive tour. It can accommodate one hundred and 56 tourists onboard. It includes visit to prominent pilgrimage and heritage sites of Gujarat including the Statue of Unity, Champaner, Somnath, Dwarka, Nageshwar, Beyt Dwarka, Ahmedabad, Modhera and Patan.

Notes:
The India Energy Week is being organized from February 6 to 8 in India. The objective of this week-long event is to showcase India’s influence as a leader in the energy transition.
While inaugurating the 2023 India Energy Week, Prime Minister Modi launched Indian Oil’s ‘Unbottled’ initiative, which involves using recycled polyester and cotton for creating retail customer attendants and LPG delivery personnel uniforms. Indian Oil’s Indoor Solar Cooking System was also rolled out for commercial purposes.

Notes:
The Union Budget 2023-24 has allocated Rs. 2,516 crore for the computerization of 63,000 PACS over the next 5 years.
Primary Agricultural Credit Societies (PACS) are village-level cooperative credit societies that act as the last link to the 3-tier cooperative credit structure, which is headed by the State Cooperative Bank or SCB. Credit from the SCB is transferred to the district central cooperative banks (DCCBs), which will then transfer the credit to the PACS.

Notes:
The Reserve bank of India (RBI) has recently announced regulatory measures on climate risks and sustainable finance.
The new guidelines focused on creating a broad framework for promoting the acceptance of green deposits, a disclosure framework on financial risks associated with the climate crisis and guidelines for climate scenario analysis and stress testing.

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 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:
India launched ‘Operation Dost’ to extend assistance to Turkey and Syria after the devastating earthquake.
The seventh ‘Operation Dost’ flight reached earthquake-hit Syria with over 23 tons of relief material. According to the Ministry of External Affairs, the flight is carrying more than 35 tons of relief material, of which over 23 tons is headed for relief efforts in Syria, and around 12 tons to Turkey.