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 11th World Urban Forum was held in Poland. The National Institute of Urban Affairs’ (NIUA) Climate Centre for Cities (NIUA C-Cube), World Resources Institute India (WRI India) and their partners launched India’s first national coalition platform for urban nature-based solutions (NbS).
‘India Forum for Nature-Based Solutions’ aims to create a collective of NbS entrepreneurs, government entities and like-minded organisations, to aid in scaling urban nature-based solutions.

 

Notes:
Leaders of the powerful G7 grouping and its five partner countries, including India issued a joint statement titled ‘2022 Resilient Democracies Statement’.
The leaders affirmed that they are committed to open public debate and the free flow of information online and offline while guarding the freedom, independence and diversity of civil society actors.

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:
Four Indian cities namely Bengaluru, Delhi, Hyderabad and Mumbai appeared in the list of top 20 sustainable cities, as per the Asia Pacific Sustainability Index 2021.
Knight Frank’s APAC Sustainably Led Cities Index rated 36 cities based on urbanisation pressure, climate risk, carbon emissions and government initiatives. Singapore, Sydney, Wellington, Perth, and Melbourne were the top five green-rated cities. Bengaluru at 14th rank in the region, was the only Indian city to achieve the ‘Gold’ standard category.

Notes:
The PSLV Orbital Experimental Module is a platform which is used to perform in-orbit experiments using the final stage of ISRO’s Polar Satellite Launch Vehicle (PSLV).
In the PSLV rocket, first three stages fall back into the ocean and the final stage (PS4) ends up as space junk, after launching the satellite into orbit.  POEM has a Navigation Guidance and Control (NGC) system for attitude stabilisation.

Notes:
Prime Minister Narendra Modi virtually inaugurated Bosch India’s first smart campus in the city of Bengaluru built at a cost of Rs 800 crore.
This campus will be used in developing futuristic products and solutions for India and for the world. The inauguration of the Spark.NXT Campus of Bosch India coincided with the 75^th anniversary of Indian independence.

Notes:
Prime Minister Narendra Modi inaugurated the Digital India Week 2022 in Gandhinagar in Gujarat. The theme for Digital India Week is Catalyzing New India’s Techade.
The Prime Minister also launched ‘Digital India Bhashini’ to enable easy access to the internet and digital services in Indian languages. ‘Digital India GENESIS’ – a National Deep-tech Startup Platform, to support successful start-ups in Tier-II and Tier-III cities with a total outlay of 750 crore rupees was also launched. A global repository of key projects implemented under India Stack ‘Indiastack.global’ was launched.

Notes:
Weaver ants, whose scientific name is Oecophylla smaragdina, are present in Mayurbhanj district, Odisha.
The people of the district especially the tribals, make a food item with the ants called the Kai Chutney. Scientists from Odisha are in the process of presentation for the geographical indications (GI) registry of Kai Chutney.

Notes:
Ashadhi Bij is the second day of Aashaadha month, of the Hindu calendar, which is associated with the beginning of rains in the Kutch region.
The Kutchi people of Gujarat celebrate their new year on this day.