Current Affairs Quiz - July 2022

Notes:
NTPC and Indian Oil Corporation (IOC) have signed an agreement to set up a joint venture company for meeting the power requirements of projects of IOC refineries.
NTPC Green Energy (NGEL), a wholly owned subsidiary of NTPC, will form the JV Company for supplying RE-RTC power to Indian Oil Corporation.

Notes:
The Reserve Bank of India (RBI) has decided to adopt a simple four-tiered regulatory framework for Urban Co-operative Banks (UCBs).
The framework will be based on size of deposits, with an aim to strengthen their financial soundness. An expert committee, headed by former RBI deputy governor N S Vishwanathan, made a host of recommendations for strengthening the UCBs.

Notes:
The CII-EXIM Bank Conclave on India-Africa Growth Partnership was launched in 2005 with the support of India’s Ministry of External Affairs and Ministry of Commerce & Industry. It aimed to encourage the development of private investment from India in African countries.
The 17^th edition of the Conclave is being held in New Delhi. High-level diplomats from around 17 African nations are participating in the summit.

Notes:
As per a recent survey of the Reserve Bank of India, the US surpassed the UAE as the top source country of India’s remittances, accounting for 23% of total remittances.
India is by far the world’s largest recipient of remittances, as it received $87 billion in 2021 with a growth of 4.6%. The share of remittances from the Gulf Cooperation Council region in India’s inward remittances is estimated to have declined.

Notes:
ISRO’s three-day Human Space Flight Expo is being held in Bengaluru. It includes model-plane-making workshops to interactive models of satellites, and a movie about the history of India’s space programme.
It is being held at the Jawaharlal Nehru Planetarium in Bengaluru. The expo commemorates Indian achievements in space and has been organised as part of the Azadi Ka Amrit Mahotsav celebrations marking 75 years of Independence.

Notes:
The 9th ASEAN-India Senior Officials Meeting on Transnational Crimes was recently held in a virtual mode.
Both sides discussed ways to enhance cooperation under the framework of ASEAN-India Work Plan to combat Transnational Crimes. The 10th ASEAN-India SOMTC Consultation on Transnational Crimes will be held in 2023 in Indonesia.

Notes:
The migratory ‘Monarch butterfly’ has been listed in the endangered species category by the International Union for Conservation of Nature.
IUCN listed the butterfly, a subspecies of monarch (Danaus plexippus) as endangered, which indicates that the subspecies is facing a high risk of extinction in the wild. The main threats to the butterfly are habitat loss, pesticide and herbicide use and climate change.

Notes:
Andhra Pradesh has selected Padmanabham mandal in Visakhapatnam district to implement the ‘Family Doctor’ project on a pilot basis.
Under the scheme, Medical and health personnel should visit the Aarogyasri beneficiaries a week after being discharged from hospital to enquire about their health condition and get feedback.

Notes:
National Cooperative Financial and Development Company (NCFDC) is the proposed umbrella body for Urban Cooperative Banks.
The institution is expected to be functional early next year. NCFDC will raise ₹300 crore as capital from member banks and is expected to apply for an NBFC licence. It would facilitate additional financing to MSMEs and lower middle-class borrowers of UCBs.

Notes:
The CSIR-National Institute for Interdisciplinary Science and Technology (CSIR-NIIST), Thiruvananthapuram, has hosted an International Conference on Chemistry and Applications of Soft Materials (CASM 2022).
Over 300 delegates from within the country and abroad are expected to attend the conference, as part of the Azadi Ka Amrit Mahotsav celebrations.