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 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.

Notes:
The Black Galaxy or ‘Invisible galaxy’ was recently discovered by researchers in Italy. It was found and characterised using the Atacama Large Millimeter/Submillimeter Array.
The Black Galaxy is compact and has a large amount of interstellar dust. It is forming stars at a rate 1,000 times faster than the Milky Way.

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:
The Gulf Cooperation Council (GCC) is a union of six Arab states namely Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.
The Indian Government revealed that around half of India’s migrant population works in the Gulf Cooperation Council (GCC) countries. Most of the migrants are semi-skilled or unskilled workers, while 20-23% are white-collar professionals such as doctors, engineers, architects, chartered accountants, and bankers.

Notes:
The Asian Development Bank (ADB) has approved a loan of 130 million USD for the implementation of the Himachal Pradesh Subtropical Horticulture, Irrigation, and Value Addition Project.
The purpose of this project is to assist at least 15,000 farm households to make them more resilient to climate change through improved irrigation and water management.

Notes:
In the fifth Khelo India Youth Games recently concluded in Madhya Pradesh, Maharashtra ranks first in the medal table with 161 medals including 56 gold medals. Maharashtra had already won the titles in 2019 and 2020.
Haryana claimed the first runners-up trophy with 128 medals, followed by the hosts Madhya Pradesh in the third place.

Notes:
The third edition of Khelo India Winter Games recently kicked off at Gulmarg, in the UT of Jammu and Kashmir.
Over 1500 sportspersons from across the country will participate in nine different winter sports disciplines. Jammu and Kashmir holds the distinction to have topped in both the previous editions of the Khelo India Winter Games held so far.

Notes:
Dayanand Saraswati was an Indian philosopher and social reformer who founded the Arya Samaj, a movement aimed at promoting Hindu reformation and the pursuit of Vedic knowledge.
He believed in the unity of God and rejected the caste system and idol worship. Dayanand Saraswati is known for highlighting the importance of education, particularly for girls and the downtrodden sector. His birth anniversary was recently observed in India.

Notes:
The Tanimbar corella, which is also referred to as Goffin’s cockatoo, is a type of cockatoo that is found exclusively in the forests of Yamdena, Larat, and Selaru islands in the Tanimbar Islands archipelago in Indonesia.
It was later introduced to the Kai Islands, Singapore, and Puerto Rico. A new study found that Goffin’s cockatoos are capable of combining multiple tools to achieve a complex task that is only been recorded in humans and chimpanzees.