Current Affairs Quiz - February, 2024

Notes:
The Ministry of Finance released a report titled The Indian Economy: A Review in January 2024. The report was released a few days before the Union Budget for 2024-25 was presented in Parliament on February 1. The Ministry of Finance is made up of five divisions: Economic Affairs, Revenue, Expenditures, Investment and Public Asset Management, and Financial Services.

Notes:
Neuralink is the first company to implant a computer chip in a human brain. Neuralink is a neurotechnology company founded in 2016 by Musk and seven other scientists and engineers. The company’s implant, known as the “Link,” is a small device that’s surgically placed inside the human brain. Neuralink says its device can interpret neural activity so a person can operate a computer or smartphone by simply thinking. The company ultimately hopes to use the brain-machine interface to restore sensory and motor functions in people with disabilities, treat neurological conditions like dementia and depression, and even enable telepathic communication.

Notes:
The Economics of the Food System Transformation report is a global policy report from the Food System Economics Commission (FSEC). The report estimates that transforming the global food system could create economic benefits of 5–10 trillion USD per year. The report also states that the policies and implementation to achieve these transformations would cost only 0.2–0.4% of global GDP. The report discusses the unsustainable trajectory of the global food system and the potential economic benefits of a transformation. It also states that transforming food systems worldwide could help address global climate, nature, and health emergencies.

Notes:
The 37th Surajkund International Crafts Mela 2024 will feature Gujarat as the theme state. The fair will take place from February 2–18, 2024 in Surajkund, Faridabad. The fair complex, including decorations and stalls, will reflect the rich heritage of Gujarati culture. The event will also feature artists and cultural groups from 20 Indian states and multiple countries. The Surajkund Mela is organized annually by the Haryana Tourism Department. The town of Surajkund is known for its picturesque surroundings and is easily accessible from Delhi and other major cities in the region.

Notes:
Researchers have discovered a new frog species, Sphaerotheca varshaabhu, thriving in Bengaluru’s urban landscape. Named for its rain-loving behavior, the amphibian emerges from burrows during early showers. With unique characteristics, it adapts to urban challenges, displaying behaviors and physical attributes that set it apart. The team employed genetic analysis, morphological studies, and bioacoustics to confirm its distinctiveness from known frog species.

Notes:
Tamil Nadu leads India in environmental conservation with 16 Ramsar sites, the highest nationwide. The recent additions, Longwood Shola Reserve Forest and Karaivetti Bird Sanctuary, underscore the state’s commitment to ecological preservation. Ramsar sites, designated under an international treaty, highlight the ecological importance, biodiversity richness, and their crucial role in supporting human life and environmental health. Tamil Nadu’s achievement reflects a robust strategy for sustainable wetland use and underscores the government’s dedication to biodiversity protection.

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:
Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman, highlighted farmer’s welfare and rural demand in the interim budget 2024-25. The budget emphasizes achieving ‘atmanirbharta’ in oil seeds, outlining strategies like research for high-yielding varieties, modern farming techniques adoption, market linkages, procurement, value addition, and crop insurance for mustard, groundnut, sesame, soybean, and sunflower.

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:
Researchers modeling future wheat blast spread predict a 13% global wheat production reduction by 2050 due to the fast-acting fungal disease caused by Magnaporthe oryzae. Wheat blast affects various grasses, especially wheat, barley, lolium, and rice. It spreads through infected seeds and spores, thriving in warm, humid conditions. Resistant to fungicides, it induces bleaching, lower yields, and poor seed quality, leading to crop burning as a preventive measure. The severity necessitates constant vigilance in regions with susceptible climates.