Current Affairs Quiz - July 2022

Notes:
GST Day is celebrated on July 1 to mark completion of five years of Goods & Services Tax. It was introduced in 2017, with the idea of “One Nation- One Market- One Tax”.
GST is a multi-stage, indirect consumption-based tax system that subsumed a set of domestic indirect taxes such as service tax, value-added tax, purchase tax, excise duty among others.

Notes:
Tokyo Olympian Deepak Punia won a bronze medal in the 86kg freestyle weight category at the U23 Asian wrestling championships 2022 in Bishkek, Kyrgyzstan.
The 23-year-old wrestler after losing to Azizbek Fayzullaev of Uzbekistan and Nurtilek Karypbaev of Kyrgyzstan, settled for the bronze. India won 25 medals in all in the U23 meet in the event, including 10 gold medals.

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:
Defence Research and Development Organisation (DRDO) carried out the maiden flight test of the ‘autonomous flying wing technology demonstrator’ in Karnataka.
The test, carried out from the Aeronautical Test Range in Chitradurga, Karnataka is being seen as an important milestone towards developing unmanned aircraft technology in India.

Notes:
Tamil Nadu and the Singapore-based IGSS Ventures signed a MoU, for establishing a 300-acre semiconductor high-tech park and a semiconductor fab unit in the State.
The company will invest Rs 25,600 crore in the project in the next five years, generating direct employment for 1,500 people. The MoU was signed with ‘Guidance’, the State’s nodal agency for investment promotion and single-window facilitation.

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.

Notes:
According to the Hurun India Future Unicorn Index 2022, Bengaluru continues to be the start-up capital of India, with 46 probable Unicorns.
It is followed by Delhi NCR (25) and Mumbai (16). As per the index, India will have 122 new unicorns in the next two to four years.

Notes:
The Delhi Assembly passed bills to hike salaries and allowances by over 66% of its members.
Five different bills were tabled for the hike in salaries of ministers, MLAs, chief whip, Speaker and Deputy Speaker, and Leader of Opposition in the Assembly, which were passed by the members.

Notes:
The European Intelligence Unit (EIU) recently released the Global Liveability Index 2022, which ranked 173 cities on the basis of their living conditions.
Five Indian cities- Delhi, Mumbai, Chennai, Ahmadabad and Bangalore were included in the list. Delhi was ranked the best at 140, followed by Mumbai at 141, Chennai and Ahmadabad at 142 and 143 respectively. Bengaluru was the last of Indian cities at 146^th rank.