Current Affairs Quiz - January 2022

Notes:
Delhi Government launched the ‘Streetscaping and Beautification of Roads’ project, on the lines of European Cities.
Nine selected stretches across the city are to be redesigned and redeveloped to make them useful for cyclists, pedestrians and motor cyclists. Recently, redesigning has commenced in a 600-metre stretch on Lodhi Road, to make it in line with various historical monuments in the area.

Notes:
‘VRR Auction’ stands for Variable rate repo auction. Repo is the rate at which RBI lends short term loans to Banks. A part of it is done at a fixed rate and some of it is a variable rate.
The Reserve Bank of India said it will conduct an overnight variable rate repo auction under liquidity adjustment facility (LAF) for an amount of Rs 75,000 crore. On January 20, the RBI conducted an overnight variable rate repo (VRR) auction of Rs 50,000 crore.

Notes:
The International Monetary Fund (IMF) released its World Economic Outlook January 2022 assessment.
As per the update, India is estimated to grow at 9% in 2021-2022, down from 9.5% projected in October 2021. It also projects 9% growth for the Indian economy in 2022-23 Global economic growth will dip from 5.9% in 2021 to 4.4% in 2022.

Notes:
The Government approved the plan for the amalgamation of the Punjab and Maharashtra Co-operative Bank (PMC Bank) with Unity Small Finance Bank (USFBL).
USFBL is a joint venture between Centrum Financial services and digital payments platform BharatPe. All the branches of the PMC Bank will function as branches of USFBL with immediate effect.

Notes:
The Home Ministry announced the list of recipients of the Padma awards.128 people have been named this year for the Awards which are conferred in three categories – Padma Vibhushan, Padma Bhushan, and Padma Shri.
The third highest award, Padma Bhushan will be conferred on Global  heads of tech giants Microsoft and Google Satya Nadella and Sundar Pichai; Vaccine makers – Cyrus Poonawalla of the Serum Institue and Krishna Ella and Suchitra Ella of Bharat Biotech. India’s first Chief of Defence Staff Bipin Rawat was conferred the Padma Vibhushan posthumously.

Notes:
The Ministry of Civil Aviation (MoCA) notified a ‘Drone certification scheme (DCS)’ to ensure minimum safety and quality requirements and to boost indigenous manufacturing.
The objective of this DCS, released under liberalized Drone Rules, 2021, is to provide the minimum requirements for security requirements for drones and enable their evaluation for certification. The liberalised Drone Rules, 2021,was released by the MoCA in August 2021.

Notes:
India hosted first India-Central Asia Summit in a virtual format. Prime Minister Narendra Modi stressed on the need for India and Central Asian countries to define an ambitious vision, as the relations completed 30 years.
The event that saw a participation of the Presidents of five countries, including Kazakhstan, the Kyrgyz Republic, Tajikistan, Turkmenistan, and Uzbekistan.

Notes:
A total of 246 rebels from the Tiwa Liberation Army (TLA) and United Gorkha Peoples Organisation (UGPO), formally surrendered and laid down arms in Assam.
TLA was formed in 2014 and UGPO was formed in 2007. They deposited 277 types of arms, grenades and 720 rounds of ammunition. As many as 462 former militants of five different terrorist outfits had surrendered last year in the state.

Notes:
Former Finance Secretary Subhash Chandra Garg has authored a book titled , “The $10 Trillion Dream”.
It explores the policy issues that India faces today and suggests reforms for it to become a USD 10 trillion economy by the mid-2030s. S C Garg is an Indian Administrative Service (IAS) and was appointed as Finance Secretary in 2019.

Notes:
The Government of Tamil Nadu has framed a draft policy for senior citizens, acknowledging the State’s demographic transition.
The policy also proposes to create a Directorate for the Welfare of Senior Citizens. The draft document is based on Article 41 of the Constitution, which requires the State ‘to secure the right to work, education and to public assistance in cases of unemployment, old age, sickness and disablement’.