Current Affairs Quiz - February, 2024

Notes:
The Reserve Bank of India (RBI) has imposed restrictions on Paytm Payments Bank (PPBL). The restrictions will come into effect on February 29, 2024. The RBI has ordered PPBL to stop accepting fresh deposits in its accounts or wallets after February 29, 2024. The RBI has also ordered PPBL to halt deposits and credit transactions after February 29, 2024. Customers will face restrictions on deposits, credit transactions, and top-ups. Certain services, including fund transfers and UPI facilities, will be discontinued. The RBI’s action against PPBL follows a comprehensive system audit report and subsequent compliance validation report of external auditors.

Notes:
The German eROSITA consortium has released data from the first all-sky survey conducted by the eROSITA X-ray telescope on the Russian-German SRG observatory. eROSITA stands for extended ROentgen Survey with an Imaging Telescope Array and is the main instrument on the Russian spacecraft Spektrum-Roentgen-Gamma (SRG). Launched in July 2019, it maps the entire celestial sphere every six months, with eight surveys planned until December 2023. The survey aims to provide insights into various astrophysical phenomena, including supermassive black hole evolution and X-ray-emitting solar system bodies.

Notes:
The budget allocation for Saksham Anganwadi and Poshan 2.0 in 2023-24 is ₹25,449 crore, which is a 6%, increase from the revised estimates of ₹23,913 crore for 2022-23. In 2024, the budget estimate is ₹20,554 crore, which is 1.4% higher than the revised allocation of ₹20,263 crore for 2023. Saksham Anganwadi and Poshan 2.0 is a part of the Mission Poshan 2.0, which was launched in February 2021 by Finance Minister. The Ministry of Women and Child Development is responsible for implementing this scheme.

Notes:
The 2024-25 government budget is projected at Rs 47, 65,768 crore (47.66 lakh crore), indicating a 6% rise from the revised 2023-24 estimate. Anticipated growth includes a 3.2% increase in revenue expenditure and a significant 16.9% surge in capital expenditure, reflecting fiscal priorities and economic strategies for the upcoming year.

Notes:
PM Modi inaugurated the 2024 Commonwealth Legal Education Association (CLEA) – Commonwealth Attorneys and Solicitors General Conference (CASGC) at Vigyan Bhawan, New Delhi. The event brought together legal representatives from Commonwealth nations across Asia-Pacific, Africa, and the Caribbean. With the theme “Cross-Border Challenges in Justice Delivery,” the conference addressed crucial topics such as judicial transition, ethical aspects of legal practice, executive accountability, and the reformulation of contemporary legal education. Stakeholders engaged in meaningful discussions on these issues, fostering collaboration in the Commonwealth legal fraternity.

Notes:
The GRAPES-3 experiment, situated in Ooty, India and operated by the Tata Institute of Fundamental Research, made a significant discovery in the cosmic-ray proton spectrum, revealing a new feature at 166 TeV. Equipped with air shower detectors and a large muon detector, GRAPES-3 aims to investigate the origin, acceleration, and propagation of cosmic rays, including the existence of the “Knee” in their energy spectrum. It also explores the production of highest-energy cosmic rays, astronomy of multi-TeV γ-rays, and the impact of the Sun on Earth.

Notes:
Karnataka secured the Nagesh Trophy in the Men’s National T20 Cricket Tournament for the Blind 2023-24, triumphing over Andhra Pradesh by nine wickets in a thrilling final in Nagpur. The win ended Karnataka’s 20-year national title drought, highlighting the remarkable talent, resilience, and determination of visually impaired cricketers. The victory not only celebrated their sporting prowess but also emphasized the spirit that defines blind cricket as a testament to overcoming challenges.

Notes:
At the “Digital India FutureLABS Summit 2024,” three indigenous technologies – Thermal camera, CMOS camera, and Fleet Management System – developed by CDAC Thiruvananthapuram under the InTranSE Program of MeitY were transferred to 12 industries. The InTranSE initiative, led by the Ministry of Electronics & IT, collaborates with academic institutes and R&D centers to transform Intelligent Transportation Systems. The program aims to enhance traffic efficiency, optimize infrastructure usage, provide advance traffic information, reduce travel time, and improve the safety and comfort of commuters.

Notes:
The Defence Research and Development Organisation (DRDO) recently achieved success with four flight trials of ‘ABHYAS,’ a high-speed expendable aerial target. Developed by DRDO’s Aeronautical Development Establishment, ABHYAS serves as a realistic threat scenario for weapon systems practice and validates Armed Forces equipment for aerial engagement. It features an autonomous flying design, an indigenously made autopilot, and a laptop-based Ground Control System for integration and analysis.

Notes:
The Geological Institute of Israel discovered an unknown underwater canyon near Cyprus dating back to the Messinian Event, also known as the Messinian Salinity Crisis (MSC). Lasting from approximately 6 to 5.3 million years ago, MSC occurred when the connection between the Atlantic Ocean and the Mediterranean Sea was cut off, leading to a severe drying up of the Mediterranean. The resulting large canyon, deeper than the Grand Canyon, formed as water evaporated, leaving behind salt deposits and causing a deadly increase in salinity. The MSC concluded with the Zanclean flood, restoring the connection with the Atlantic.