Current Affairs Quiz - February, 2023

Notes:
Reliance Retail has become the first Indian retailer to introduce Central Bank Digital Currency (CBDC), also known as digital rupee.
The company has piloted the use of Digital Rupee in one store in Mumbai, and is planning to make this facility available in all its stores in Mumbai within the next three to four months, in accordance with Reserve Bank of India (RBI) norms.

Notes:
Kiruna is a town in northern Sweden that houses over 18,000 individuals and a tonne wooden church.
This town is currently under threat of being consumed by the world’s largest iron ore mine that is under the control of the Swedish state-owned company LKAB. This entire town is currently being relocated and it is considered as one of the significant relocations happened in the world.

Notes:
A new report ‘Teleconnections Among Tipping Elements in the Earth System’ Report, has found a direct link between deforestation of the Amazon rainforest and the temperature changes in Tibet.
Tibet is situated more than 15,000 km from the rainforest. It revealed the strong link between climate tipping elements. A tipping point is a threshold beyond which major, irreversible changes occur in a specific region.

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:
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 signed a MoU with Indonesia-Malaysia-Thailand Growth Triangle Joint Business Council (IMT-GT JBC), to promote adoption of energy efficiency.
The MoU was signed during the Working group meeting of G20 on energy transition at Bengaluru. The MoU aims to further promote the adoption of energy efficiency and sustainable practices. Energy Efficiency Services Limited (EESL) signed MoU with IMT-GT JBC coinciding with the India Energy Week celebrations.

Notes:
India’s national accreditation system ranked fifth in the world in the Global Quality Infrastructure Index (GQII) 2021.
The GQII ranks the 184 economies in the world on the basis of the quality infrastructure (QI). India’s overall QI system ranking continues to be in the 10th position, with the standardization system (under BIS) at 9th and the metrology system (under NPL-CSIR) at 21st position in the world.

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:
As per YouGov’s latest report, over a third of urban Indians have claimed that their disposable income has decreased in the last 12 months.
Putting money in their savings (33 per cent), paying for health insurance (26 per cent) and investments in stocks and shares (21 per cent) were the top three financial activities done in the past 12 months, as per the report.

Notes:
Prime Minister Narendra Modi flagged off two Vande Bharat trains in Maharashtra high-speed rail connection.
The Mumbai-Solapur and Mumbai-Sainagar Vande Bharat Express were flagged off from Mumbai. With this, the number of Vande Bharat Express trains running from Mumbai will increase to three and the count will go up to 10 for the country.