Current Affairs Quiz - July 2022

Notes:
The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi approved computerisation of Primary Agricultural Credit Societies (PACS) with a budgetary outlay of ₹2,516 crore.
The objective is to increase efficiency of PACS, bring transparency and accountability in their operations This project proposes computerization of about 63,000 functional PACS over a period of 5 years with Government of India share of ₹1,528 crore. State Cooperative Banks and District Central Cooperative Banks were already automated by NABARD and brought on Common Banking Software.

Notes:
The DRDO and the Indian Army successfully tested indigenously-developed anti-tank guided missile at KK range in Ahmednagar, Maharashtra.
The anti-tank guided missile (ATGM) was successfully test fired from Arjun battle tank. With the trial, the capability of ATGM to engage targets from minimum to maximum range has been established.

Notes:
The Group of 7 (G7) leaders from Canada, France, Germany, Italy, Japan, the UK, and the US have concluded a two-day summit.
They also announced goals of an open and cooperative international Climate Club towards establishing it by the end of 2022. The G7 leaders also condemned “Russia’s illegal and unjustifiable war of aggression against Ukraine”.

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:
The Mercer’s 2022 cost of living city ranking was recently released with the list of the most expensive cities for international employees.
Mumbai is the most expensive city in India for foreign employees, at rank 127 globally. It is followed by New Delhi at rank 155. Pune and Kolkata are the least expensive Indian cities in the ranking at 201 and 203 respectively.

Notes:
The NITI Aayog released its report titled ‘Harnessing Green Hydrogen — Opportunities for Deep Decarbonisation in India’.
It has recommended tax breaks like reduction or exemption of GST and custom duties on green hydrogen production. It has also proposed setting up green hydrogen corridors and offering grants to start-ups working on green hydrogen solutions.

Notes:
IRDAI and National Health Authority (NHA) are set to develop a National Health Claims Exchange as a digital platform to settle health claims.
Based on a presentation from NHA, Chairman of IRDAI Debasish Panda, has proposed to create a working group with representation from the industry. It will decide how to make the largest segment of general insurance in India attract more people to buy health insurance.

Notes:
The Central Consumer Protection Authority (CCPA) has barred hotels and restaurants from adding service charge ‘automatically or by default’ in the food bill.
The consumer may lodge a complaint on the National Consumer Helpline (NCH) 1915 or through the NCH mobile application, as per the Union Ministry of Consumer Affairs, Food and Public Distribution

Notes:
Uttar Pradesh Chief Minister Yogi Adityanath said the Centre has approved a mega cluster of mangoes in Lucknow and ₹100 crore will be spent on it in the next five years.
He also said that the Mangoes in this cluster will be known as ‘Kakori brand’. The Chief Minister announced this during the inauguration of ‘Uttar Pradesh Mango Mahotsav-2022’.released the Lucknow Mango Festival Souvenir-2022 and honoured progressive farmers of the state.

Notes:
Union Science and Technology Minister Dr. Jitendra Singh announced setting up of Dr. Rajendra Prasad Memorial Award in public administration in the field of academic excellence.
He announced the award in memory of the first President of India, while he chaired the meeting of Executive Council of Indian Institute of Public Administration (IIPA) in New Delhi.