Current Affairs Quiz - July 2022

Notes:
The Goods and Services Tax (GST) Council has Union Finance Minister as chairperson, the Union Minister of State (Finance) from the Centre. Each state can nominate a minister in-charge as a member.
The two-day meeting of the 47th Goods and Services Tax (GST) Council was recently held in Chandigarh. The Council agreed to levy 18 per cent tax on cheques, lose or in book form. Hotel accommodations below Rs 1,000 will be taxed at 12 per cent among other changes.

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:
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:
The government has approved the issuance of 21st phase of sale of electoral bonds through authorised SBI branches from July 1.
State Bank of India (SBI) is the only authorised institution to issue and encash Electoral Bonds through its 29 Authorized Branches. The Electoral bonds are interest-free bearer instruments, which can be encashed by the party through a Bank account within 15 days.

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:
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:
Open Network for Digital Commerce (ONDC) is a Government of India initiative that aims to build an open network for buyers and sellers to democratise the current e-commerce ecosystem in the country.
It has launched a ‘Grand Hackathon’ in collaboration with NABARD. The event is divided into two categories: Agri Grant Challenge and Agri Innovation Hackathon, to showcase the innovations to aid the adoption of e-commerce in the agricultural sector.

Notes:
The Delhi government introduced new assessment guidelines for school students. Under the new criteria, students will now be assessed for the impact of mindset curricula in their behaviour, along with other scholastic subjects.
It includes Happiness and Deshbhakti curricula for classes 3-8, while students of Class 9 and Class 11 will be assessed for Deshbhakti and Entrepreneurship Mindset Curricula.

Notes:
International Day of Cooperatives is celebrated on the first Saturday of July every year. The day was designated by the United Nations.
International Day of Cooperatives was observed around the world on July 2 this year. This year will mark the 100th International Day of Cooperatives, also known as Coops Day. This year’s theme for International Day of Cooperatives is – “Cooperatives Build a Better World.”