Current Affairs Quiz - July 2022

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:
India’s largest floating Solar Power Project is made fully operational at Ramagundam, Telangana. NTPC declared Commercial Operation of the final part capacity out of 100 MW Ramagundam Floating Solar PV Project at Ramagundam, Telangana
With the operationalisation the project, the total commercial operation of Floating Solar Capacity in Southern Region rose to 217 MW. Earlier, NTPC declared operation of Floating Solar at Kayamkulam (Kerala) and at Simhadri (Andhra Pradesh).

Notes:
The Indian Olympic Association (IOA) announced that the National Games will be held in multiple cities in Gujarat in September-October this year.
The last National Games were held in Kerala in 2015 and Goa was to host the 36th edition in November 2016. After two delays in 2018 and 2019 as Goa was not able to create adequate infrastructure, the Games were further postponed to 2020. It was further postponed due to National Games.

Notes:
The government has decided to set up the Financial Services Institution Bureau (FSIB) to replace the Banks Board Bureau (BBB).
The BBB was entrusted with the task of selecting candidates for appointments to the senior management-level posts. Delhi High Court last year ruled that BBB couldn’t select the General Managers and directors of state-run general insurers. Former BBB chairman Sharma is set to head the new body.

Notes:
The Goods and Services Tax (GST) revenue in June rose to ₹144,616 crore, the second-highest since the inception of GST five years ago.
The new high collection is on the back of rapid economic recovery and stricter compliance, as per the Union Finance Ministry said. In April, the collection was the highest ever at ₹1,67,540 crore. This is the fifth time the monthly GST collection crossed the ₹1.40 lakh crore mark and fourth month at a stretch since March 2022.

Notes:
In the QS Best Student Cities Ranking 2023, London has been ranked as the best city for students looking to study abroad.
Seoul and Munich are at the second place. The report ranks 140 cities in terms of affordability, student facilities, and university standard among other factors. India’s highest-ranked student city is Mumbai at 103 spot. It is followed by Bengaluru at 114th rank.

Notes:
Prime Minister Narendra Modi launched the Pradhan Mantri Formalisation of Micro food Processing Enterprises (PMFME) Scheme in 2020.
The scheme was launched under the ‘Aatmanirbhar Bharat Abhiyan’ and ‘Vocal for Local’ campaigns, to provide technical, financial and business support to micro food processing units in the country. The government intends to provide direct financial and technical assistance to about 200,000 micro food processing units under this scheme.

Notes:
Domestic rating agency Crisil lowered its real GDP growth forecast for India to 7.3 per cent in FY23 from 7.8 per cent estimated earlier.
It cited the reasons for downward revision to be higher oil prices, slowing of export demand and high inflation. This forecast is in line with the RBI’s estimate of 7.2 real GDP growth for this fiscal year.

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:
The world’s most powerful particle collider, the Large Hadron Collider (LHC), is set to function from July this year. It was built by the European Organization for Nuclear Research located in Geneva.
The Large Hadron Collider is a giant, complex machine built to study particles, the smallest known building blocks of all things.  Three years after it was shut down for maintenance and upgrades, the collider was switched back recently.