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:
The United Nations Human Settlements Programme (UN Habitat) is the United Nations programme for human settlements and sustainable urban development. It was established in 1978 with its headquarters at Nairobi, Kenya.
It has recently released a report World Cities Report 2022, to coincide with the Eleventh Session of the World Urban Forum held at Poland. The report says urban areas are responsible for 70 per cent of greenhouse gas emissions.

 

Notes:
The Mercer’s 2022 cost of living city ranking was recently released with the list of the most expensive cities for international employees.
Mumbai is the most expensive city in India for foreign employees, at rank 127 globally. It is followed by New Delhi at rank 155. Pune and Kolkata are the least expensive Indian cities in the ranking at 201 and 203 respectively.

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 Central Government has levied windfall tax on domestic crude oil producers. Domestic producers sell crude oil to domestic refineries at international parity prices, thus making windfall gains.
The Government also hiked the import duty on gold and imposed export duties on petrol, diesel and aviation turbine fuel (ATF). These are the initiatives to reduce pressure on the rupee, reduce the current account deficit (CAD), and increase the domestic supply of petroleum products. Special additional excise duties of Rs 6 and Rs 13 per litre on export of petrol and diesel were announced.

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 Central Consumer Protection Authority (CCPA) has barred hotels and restaurants from adding service charge ‘automatically or by default’ in the food bill.
The consumer may lodge a complaint on the National Consumer Helpline (NCH) 1915 or through the NCH mobile application, as per the Union Ministry of Consumer Affairs, Food and Public Distribution

Notes:
The Union Home Ministry has amended certain rules related to the Foreign Contribution (Regulation) Act (FCRA).
As per the new rules, Indians can receive up to ₹10 lakh in a year from relatives staying abroad without informing the authorities. The limit was ₹1 lakh earlier. If the amount exceeds, the individuals will have 90 days to inform the government, instead of 30 days earlier.

Notes:
Iran clinched Asia Title in the Under-15 Asian Wrestling Championship while Kazakhstan was runner-up. India secured 3rd place with 172 Points.
The Indian Under-15 Greco Roman Wrestling Team clinched two gold, two silver and four bronze medals in the Championship being held at Bahrain. Sachin in the 68 kg and Abhay in the 72 kg bagged gold medals in their respective categories.

Notes:
India’s services industry expanded at the fastest rate in over eleven years in June 2022 amid strong demand.
The S&P Global India Services Purchasing Managers’ Index rose to 59.2 in June, its highest since April 2011. As per the survey, stubborn inflation remains a concern as prices charged rose at the sharpest rate in almost five years.