Current Affairs Quiz - July 2022

Notes:
The Indian Space Research Organisation (ISRO) has launched three satellites from Singapore in its Polar Satellite Launch Vehicle (PSLV-C53) mission.
It is being launched from the Satish Dhawan Space Centre, Sriharikota. PSLV-C53 is also the second dedicated mission of NewSpace India Limited (NSIL), a corporate arm of the Department of Space. ISRO has successfully launched the PSLV-C52 mission in February 2022 by injecting Earth Observation Satellite (EOS-04).

Notes:
The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi approved computerisation of Primary Agricultural Credit Societies (PACS) with a budgetary outlay of ₹2,516 crore.
The objective is to increase efficiency of PACS, bring transparency and accountability in their operations This project proposes computerization of about 63,000 functional PACS over a period of 5 years with Government of India share of ₹1,528 crore. State Cooperative Banks and District Central Cooperative Banks were already automated by NABARD and brought on Common Banking Software.

Notes:
The Union Cabinet approved the categorization of Coalition for Disaster Resilient Infrastructure (CDRI) as an ‘International Organization’.
The cabinet also approved signing of the Headquarters Agreement (HQA) with CDRI, for grant of exemptions and privileges under Section-3 of the United Nations (Privileges & Immunities) Act, 1947.

 

Notes:
Jasprit Bumrah created a world record for scoring the most runs in an over in Test cricket. He smashed two sixes and four fours to score 35 runs in an over.
He achieved the feat during the 5th Test between India and England in the over bowled by England speedster Stuart Broad. He had conceded 6 sixes in an over to Yuvraj Singh in the T20 format in 2007.

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:
Indian Government’s think tank NITI Aayog released compendium of Ayush practices to manage COVID-19.
The compendium provides information focused on practices adopted by various states and UTs of India for strengthening the country’s fight against COVID-19.

Notes:
The world’s most powerful particle collider, the Large Hadron Collider (LHC), is set to function from July this year. It was built by the European Organization for Nuclear Research located in Geneva.
The Large Hadron Collider is a giant, complex machine built to study particles, the smallest known building blocks of all things.  Three years after it was shut down for maintenance and upgrades, the collider was switched back recently.

Notes:
Union Food Minister Piyush Goyal released the first State Ranking Index for implementation of the National Food Security Act, 2013. The states and UTs were ranked based on three parameters for the year 2022.
Among the 20 big states and Union Territories (UTs), Odisha topped the index followed by Uttar Pradesh and Andhra Pradesh, while Goa was at the last. Tripura ranked first and Ladakh was at the last among the 14 smaller states and UTs.

Notes:
The Assam Cabinet approved the identification of five Assamese Muslim sub-groups namely Goriyas, Moriyas, Julhas, Deshis, and Syeds as indigenous Assamese Muslim communities.
Seven committees constituted by the state government suggested that these groups should be accorded ‘indigenous community’ status. It suggested that the Assam government could undertake a census to identify the Assamese Muslims.

Notes:
Reserve Bank of India (RBI) liberalised norms to boost inflows of foreign exchange. The measures include easing norms for FPI investment in debt market, and increasing the External Commercial Borrowing (ECB) limit under the automatic route from USD750 million or its equivalent per financial year to USD 1.5 billion.
Exemption from Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) on Incremental FCNR (B) and NRE Term Deposits was also announced.