Current Affairs Quiz - July 2022

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:
Punjab has become the first state in the country to pass a resolution against the Agnipath recruitment scheme.
The resolution also said that more than one lakh soldiers from Punjab served in the armed forces of the nation. The house also recommended the state government to take up the matter with the Union government in order to roll back the Agnipath scheme immediately.

Notes:
The Advertising Standards Council of India (ASCI) is the voluntary self-regulatory body in advertising sector in India.
As per the annual complaints report, Education, healthcare and personal care are the most violative categories of advertisements. It processed 7,631 complaints at an increase of 25 per cent from last year.

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:
IRDAI and National Health Authority (NHA) are set to develop a National Health Claims Exchange as a digital platform to settle health claims.
Based on a presentation from NHA, Chairman of IRDAI Debasish Panda, has proposed to create a working group with representation from the industry. It will decide how to make the largest segment of general insurance in India attract more people to buy health insurance.

Notes:
Prime Minister Narendra Modi unveiled a 30-ft bronze statue of legendary freedom fighter Alluri Sitarama Raju on his 125th birth anniversary.
The 15-tonne statue was carved out at a cost of Rs 3 crore and installed by the Kshatriya Seva Samiti in Bhimavaram, Andhra Pradesh. The leader was known for the ‘Rampa Rebellion’ or ‘Manyam Uprising’, in the Rampachodavaram forest area, which was undertaken against the mighty British forces.

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:
Railway Protection Force launched a month long pan India drive against smuggling of narcotics through rail, under code name Operation “NARCOS”.
In the month of June 2022, RPF has recovered various narcotics products worth Rs 7.40 Crores, and arrested 165 persons who were carrying Narcotic Drugs and Psychotropic Substances (NDPS). RPF has been empowered to conduct search, seizure and arrest under NDPS Act since April 2019.