Current Affairs Quiz - July 2022

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 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:
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 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:
The International Day of Parliamentarism is observed every year on 30 June, to recognise the importance of parliamentary systems of government in shaping modern societies.
This year, the Inter-Parliamentary Union (IPU) and its members will observe the day under the theme of ‘Public engagement’ as the ‘Global Parliamentary Report on Public engagement in the work of parliament’ was recently released.

Notes:
The Reserve Bank of India (RBI) released the report titled ‘Benchmarking India’s Payment Systems’. It provides a position of the payments ecosystem in India relative to other major countries.
As per the report, India has made significant progress and moved to a leadership position in large-value digital payment systems. But India is still weak in certain parameters relating to ATMs and card payments.

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:
Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry has released ‘Start-ups Ranking 2021’.
The ranking focuses on seven reform areas. Gujarat, Karnataka and Meghalaya were categorised as best performers while Bihar, Andhra Pradesh, Mizoram and Ladakh have an emerging start-up ecosystem. Kerala, Maharashtra, Odisha, Telangana and Jammu and Kashmir were ranked as the top performers section.

Notes:
Ashadhi Bij is the second day of Aashaadha month, of the Hindu calendar, which is associated with the beginning of rains in the Kutch region.
The Kutchi people of Gujarat celebrate their new year on this day.

Notes:
World Zoonosis Day is observed annually on July 6 across the world to raise awareness about the infectious diseases called zoonotic diseases.
The day is celebrated in memory of Louis Pasteur, a French biologist who successfully administered the first-ever Rabies vaccine to a patient on July 6, 1885. Zoonotic diseases originate in animals and can spread to humans.