Current Affairs Quiz - July 2022

Notes:
The government allowed firms like ONGC and Vedanta to sell locally produced crude oil to any Indian refinery for turning it into fuel, such as petrol and diesel.
The deregulation of locally produced oil is one of the last few areas that were still under its control. The government was fixing buyers for crude produced from older fields. From October 1, the companies will have the freedom to sell crude oil in the domestic market.

Notes:
Novak Djokovic recently became the first player in history to win 80 matches in all four Grand Slams.
He achieved this feat when he defeated Korean player Kwon Soon-woo for his 80th win in Wimbledon. Djokovic was playing for the first time after losing to Rafael Nadal last month in the French Open quarterfinals.

Notes:
The United Nations Human Settlements Programme (UN Habitat) is the United Nations programme for human settlements and sustainable urban development. It was established in 1978 with its headquarters at Nairobi, Kenya.
It has recently released a report World Cities Report 2022, to coincide with the Eleventh Session of the World Urban Forum held at Poland. The report says urban areas are responsible for 70 per cent of greenhouse gas emissions.

 

Notes:
The World Bank approved two complementary loans of USD 500 million each to support India’s health sector.
Through this financing of USD 1 billion, the Bank will support India’s flagship Pradhan Mantri-Ayushman Bharat Health Infrastructure Mission (PM-ABHIM). One of the loans will prioritize seven states including Andhra Pradesh, Kerala, Meghalaya, Odisha, Punjab, Tamil Nadu, and Uttar Pradesh.

Notes:
Reserve Bank of India (RBI) recently released its financial stability report for June 2022. It is a half-yearly publication.
As per the recent report, Gross non-performing asset (NPA) ratio of banks fell to six-year low of 5.9% in March 2022 while the net non-performing assets (NNPA) ratio fell to 1.7% in March 2022. Capital to Risk Weighted Assets Ratio (CRAR) and Common Equity Tier 1 (CET-1) Ratio of SCBs were 16.7% and 13.6%, respectively, in March 2022.

Notes:
Ministry of Skill Development and Entrepreneurship (MSDE) announced that the National Apprenticeship Promotion Scheme (NAPS) will be included in the Direct Beneficiary Transfer (DBT) scheme.
The new facility will provide direct government benefits to all apprentices. Earlier, companies would pay apprentices the full amount and then seek reimbursement from the government. In 2016, the National Apprenticeship Promotion Scheme (NAPS) was launched to promote apprenticeship training in the country and to provide financial support to establishments pursuing apprenticeships.

Notes:
India shipped 13, 69,264 MT of seafood worth Rs 57,586.48 crore (USD 7.76 billion) during 2021-22, despite heavy odds.
During the FY 2021-22, the export improved in rupee term by 31.71%. Frozen shrimp remained the major export item in terms of quantity and value. USA is the largest market of frozen shrimp, followed by China and European Union.

Notes:
Railway Protection Force launched a month long pan India drive against smuggling of narcotics through rail, under code name Operation “NARCOS”.
In the month of June 2022, RPF has recovered various narcotics products worth Rs 7.40 Crores, and arrested 165 persons who were carrying Narcotic Drugs and Psychotropic Substances (NDPS). RPF has been empowered to conduct search, seizure and arrest under NDPS Act since April 2019.

Notes:
The Central government has made seven amendments to existing rules of the Foreign Contribution (Regulation) Act (FCRA) rules 2011.
According to the notification by Ministry of Home Affairs, the Ministry can suspend the FCRA registration initially for 180 days, on inspection of accounts and on receiving any adverse input against the functioning of an association.

Notes:
The Central Government has levied windfall tax on domestic crude oil producers. Domestic producers sell crude oil to domestic refineries at international parity prices, thus making windfall gains.
The Government also hiked the import duty on gold and imposed export duties on petrol, diesel and aviation turbine fuel (ATF). These are the initiatives to reduce pressure on the rupee, reduce the current account deficit (CAD), and increase the domestic supply of petroleum products. Special additional excise duties of Rs 6 and Rs 13 per litre on export of petrol and diesel were announced.