Current Affairs Quiz - February, 2023

Notes:
Of the Rs 1,100 crore estimated for the Ministry of Information and Broadcasting, Rs 600 crore has been set aside for the recently announced Broadcasting Infrastructure and Network Development (BIND) Scheme.
The scheme has a total outlay of over Rs 2,500 crore. The scheme aims to boost public sector broadcasting in the country and focuses on infrastructure development of Prasar Bharati, including All India Radio (AIR) and Doordarshan (DD).

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:
US President Joe Biden recently delivered the State of the Union (SOTU) Address at the Joint Session of the Parliament in the US Capitol in Washington DC.
This is Biden’s second SOTU address. According to the country’s Constitution, the US President is required to deliver the state of the Union to Congress and recommend measures that he judges to be necessary and beneficial.

Notes:
Experts at the 5th International Marine Protected Areas Congress in Canada have recommended the setting up of Marine Protected Areas.
Marine protected areas are regions in the ocean where human activities are regulated by the government. These protected areas are set up to address issues such as pollution, litter, overfishing, and climate change.

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:
Capital market regulator SEBI has launched operational guidelines on green bonds asking issuers to make additional disclosures along with its annual report and financial results.
The disclosures are pertaining to environmental sustainability objectives of such debt securities in the offer document. In addition, issuers of green bonds will have to disclose brief details of decision-making process followed for determining the eligibility of projects.

Notes:
The Yuva Sangam is an initiative which was launched to build close ties between the youth of the North East Region and rest of India under the spirit of Ek Bharat Shreshtha Bharat.
The Yuva Sangam registration portal was launched in New Delhi recently. Under the initiative over 20 thousand youth will travel across the country and gain opportunity of cross-cultural learning.

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:
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.