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:
The Union government extended the tenure of Attorney General KK Venugopal by three months, as per the notification issued by the Union Law Ministry.
Venugopal, 91, was initially appointed as Attorney General on July 1, 2017, as the 15th person to serve as Attorney General for India. Mukul Rohatgi was the Attorney General from June 2014 to June 2017.

 

Notes:
The UK government announced 75 fully-funded scholarships for Indian students to study in the UK, beginning September 2022, in honour of India’s 75th anniversary of Independence.
The scholarships are being offered in association with top Indian companies. There are about 18 scholarships for women in STEM fields offered by the British Council in India. The UK government has sponsored the Chevening international honours programme since 1983, in which India is the largest participant.

Notes:
Finance Minister Nirmala Sitharaman released the ‘Business Reforms Action Plan (BRAP), 2020’. Andhra Pradesh has topped the Business Reform Action Plan 2020 Rankings in the Ease of Doing Business.
It is followed by Gujarat, Haryana, Karnataka, Punjab, Telangana and Tamil Nadu. The BRAP 2020 includes 301 reform points covering 15 business regulatory areas such as Access to Information, Single Window System, Labour, Environment, Land Administration etc.

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:
T Raja Kumar of Singapore has been appointed as the president of Financial Action Task Force (FATF), the anti-money laundering watchdog.
He has replaced Marcus Pleyer and will discharge his service for next two years. As per FATF, the President will focus on enhancing the effectiveness of global anti-money laundering  and counter-terrorist financing measures, improving asset recovery and other initiatives.

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:
Tanuja Nesari, Director of All India Institute of Ayurveda (AIIA) was awarded with the Ayurveda Ratna Award by the UK Parliament.
The UK’s All-Party Parliamentary Group on Indian Traditional Sciences (ITSappg) conferred the award recognising her contribution to prmoting the growth of Ayurveda in India and abroad.

Notes:
Tokyo champion Viktor Axelsen and Thailand’s Ratchanok Intanon won the singles title at the 2022 Malaysia Open.
Intanon beat Olympic badminton gold medallist Chen Yufei to win the women’s singles crown while Axelsen beat second seed Momota Kento of Japan to win the men’s title in Malaysia.

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.