Current Affairs Quiz - February, 2023

Notes:
The government of Rajasthan has allocated Rs 13,000 crore to implement ‘Eastern Rajasthan Canal Project’ during the recent state budget.
The objective of the Project is to harvest the surplus water collected during the rainy season in the Southern Rajasthan Rivers like Chambal and its tributaries like Kunnu, Parvati, and Kalisindh and transfer it to south- eastern districts.

Notes:
The state government of Gujarat has recently announced a 100 percent increase in Annual Statement of Rates.
The Annual Statement of Rate (ASR), also known as the Jantri rate, is the minimum rate set by state governments for registering real estate property when it changes ownership. These rates differ between cities and places based on the type, location, and size of the property.

Notes:
India has planned to launch a global initiative called the Millet International Initiative for Research and Awareness (MIIRA) to promote the consumption and production of millets.
MIIRA will coordinate international millet research programs and support research on millet crops. This global initiative will also raise awareness and promote millet consumption. India will provide the initial funding, while other G20 countries will contribute to the budget.

Notes:
Hericium erinaceus, also known as lion’s mane mushroom, is an edible mushroom found in North America, Europe, and Asia.
Researchers have recently identified a new active compound in the lion’s mane mushroom. This compound is found to be capable of boosting nerve growth and enhancing the memory capacity. This may have a potential to counter Alzheimer’s disease.

Notes:
Indian Space Research Organisation (ISRO), along with the Navy, started training for crew module recovery when it splashes down in the sea after re-entering the atmosphere.
This training was done as a part of preparation for its first human spaceflight (Gaganyaan). The training aims to finalise the standard operating procedure for the recovery of the crew members as soon as possible. The trials commenced at the water survival test facility of the Navy in Kochi.

Notes:
Union Minister Ashwini Vaishnaw inaugurated the National Philatelic Exhibition- AMRITPEX in New Delhi. Philately is the collection and study of postage stamps.
The event displays more than 20,000 exhibits under 13 competitive categories and a special section on Azadi Ka Amrit Mahotsav. The Department of Posts also released a Commemorative Postage Stamp on Azadi Ka Amrit Mahotsav.

Notes:
IMF has again called for comprehensive reforms of China’s growth model saying that China’s potential growth has started falling.
This is IMF’s second warning in a week when it called for reforms to sustain growth highlighting the diminishing returns of China’s investment-led growth.

Notes:
Rajasthan Chief Minister Ashok Gehlot announced an inflation relief package of Rs 19,000 crore in the state’s Budget for 2023-24.
The package aims to provide relief to the masses from rising prices. The package includes free food packets every month to poor families, LPG cylinders for Rs 500 under the Ujjwala Scheme and free electricity up to 100 units per month to domestic consumers. The coverage amount was raised from Rs 10 lakh to Rs 25 lakh Chiranjeevi Swasthya Bima Yojana.

Notes:
Prime Minister Narendra Modi inaugurated the 14th edition of Asia’s largest aero show ‘Aero India 2023’ in Bengaluru, Karnataka.
It was organised for five days on the theme ‘The runway to a billion opportunities’, by displaying India’s growth in aerospace and defence capabilities. The Defence Minister also hosted Defence Ministers’ Conclave, where Defence Ministers of friendly foreign countries participated.

Notes:
Based on analysis of feedback received from the discussion paper on Climate Risk and Sustainable Finance, the Reserve Bank of India (RBI) issued guidelines to regulated entities.
The guidelines consist of a broad framework for acceptance of green deposits, disclosure frameworks on climate-related financial risks and guidance on climate scenario analysis and stress testing.