Current Affairs Quiz - July 2022

Notes:
The Indian Space Research Organisation (ISRO) has launched three satellites from Singapore in its Polar Satellite Launch Vehicle (PSLV-C53) mission.
It is being launched from the Satish Dhawan Space Centre, Sriharikota. PSLV-C53 is also the second dedicated mission of NewSpace India Limited (NSIL), a corporate arm of the Department of Space. ISRO has successfully launched the PSLV-C52 mission in February 2022 by injecting Earth Observation Satellite (EOS-04).

Notes:
Food Safety and Standards Authority of India (FSSAI) has unveiled regulations by defining what constitutes vegan foods.
‘Food Safety and Standards (Vegan Foods) Regulations, 2022’ listed out various specifications to be followed for manufacture, sale and import of such food items. The new regulations were released after considering objections and suggestions from the public

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:
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 National Anti-profiteering Authority (NAA) is the statutory mechanism under GST law to check unfair profiteering activities by the registered suppliers.
The GST watchdog has held cosmetics and personal care company L’oreal guilty of not passing on the rate reduction benefits to consumers to the tune of ₹186 crore.  NAA has directed L’oreal to deposit the sum along with 18% interest in the consumer welfare fund.

Notes:
The Indian Institute of Technology (IIT), Bombay has planned to introduce a mandatory course on caste awareness.
As per the surveys conducted by the SC/ST Cell of the institution, it was proposed to provide more sensitisation events and a mandatory academic course on caste and racial discrimination. Earlier, a mandatory gender sensitisation course was launched last year.

Notes:
Every year on July 2, the World Unidentified flying objects (UFO) Day is celebrated. It aims to create awareness to gather together and watch the skies for UFOs.
July 2 is marked after the ‘Roswell incident in 1947’ of the United States Army Air Forces, which was a supposed UFO crash. The day also encouraged governments to declassify their files on UFO sightings.

Notes:
The privatisation of Neelachal Ispat Nigam Ltd (NINL) was completed as it has been handed over to Tata Steel Long Products (TSLP).
NINL is the second successful privatisation by the government, after Air India which was also bought by Tata Group. NINL, which is a joint venture of 4 CPSEs named MMTC, NMDC, BHEL, MECON and 2 Odisha government PSUs- OMC and IPICOL.

Notes:
Indian Bank has signed a pact with the Government of Haryana towards distribution of mobile phones to consumers through e-Unified Payment Interface (UPI) system.
Under the agreement, the bank would provide e-upi coupons to beneficiaries. The coupons can be redeemed without any credit or debit card and the customers can avail a mobile phone from a designated vendor.

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.