Current Affairs Quiz - February, 2023

Notes:
The India-EU Trade and Technology Council was jointly established by the European Union and India.
Under this new council, three working groups have been set up with the focus on strategic technologies, digital governance, and digital connectivity; green and clean energy technologies; and trade, investment, and resilient value chains. The working groups will be responsible for preparing for the TTC meeting, which is set to take place before the next bilateral India-EU summit.

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:
Superbugs are types of germs, like bacteria, viruses, fungi, or parasites that are not easily killed by antibiotics.
According to a recent report by the UN Environment Programme (UNEP), superbugs could be a major cause of death in the future. Overuse of antibiotics in animal farming and pollution from pharmaceutical companies can cause these germs to become resistant to antibiotics.

Notes:
The US and Brazil, two of the world’s largest biofuels markets, are joining an India-led initiative of International Biofuels Alliance.
The Alliance will aim to boost demand for the lower-emissions energy source. India has also earmarked 350 billion rupees (USD 4.3 billion) in its union budget to promote energy security.

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:
Ashwini Vaishnaw, Minister of Electronics and Information Technology, launched a comprehensive campaign plan, ‘Digital Payments Utsav, in New Delhi.
Digital Payments Utsav, has been planned this year to promote Digital Payments across the country and to celebrate the ‘Azadi ka Amrit Mahotsav’ and G20 Presidency. Digital Payment Sandesh Yatra was also flagged off to make citizens aware of digital payment solutions. DigiDhan awards were presented to banks that perform well in digital payments.

Notes:
The One District One Product (ODOP) initiative is aimed at promoting balanced regional development across all districts of the country.
ODOP has been merged with ‘Districts as Export Hubs Initiative’ being run by the Department of Commerce (DoC) with Department for Promotion of Industry and Internal Trade (DPIIT) as a major stakeholder. Under the ODOP- Districts as Export Hubs initiative, products with export potential have been recently identified from all 765 districts of the country.

Notes:
The Punjab Cabinet has approved a new policy for industries and the electric vehicles effective from October 17, 2022, for a period of five years.
The industrial policy of the state focuses particularly on the three key sectors – Micro, small and medium enterprises (MSMEs), infrastructure and power. Under the new policy, the state will develop 15 industrial parks covering general and sector specific requirements of various industrial sectors and 20 rural clusters across the state.

Notes:
The Indian government announced that retail inflation increased to 6.52% in January from 5.72% in December 2022, mainly due to the rise in food prices.
Retail inflation is measured by the Consumer Price Index (CPI). The Reserve Bank of India’s household survey on inflation expectations forecasts that retail inflation will remain elevated in the next year due to a general increase in prices across different sectors.

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.