Current Affairs Quiz - July 2022

Notes:
DBS Bank was named as the ‘World’s Best SME Bank’ by Euromoney for second time. The bank also clinched three more awards.
They include World’s Best ‘Financial Innovation of the year’, ‘Asia’s Best Bank for Wealth Management’ and ‘Best Bank in Hong Kong’.

Notes:
The Central Government has constituted a high-powered panel under the chairmanship of former agriculture secretary Sanjay Agarwal.
The panel seeks to the minimum support price (MSP) mechanism more effective and transparent. It was set up eight months after the government repealed the three controversial farm Acts. The panel includes NITI Aayog member Ramesh Chand, and representatives from IFFCO, ICAR, along with representatives from Karnataka, Andhra Pradesh, Sikkim, and Odisha.

Notes:
Bhupender Yadav attends BRICS Labour and Employment Ministers’ Meeting 2022, which was held under the presidency of China.
Discussions were held on Promoting Green Jobs for Sustainable Development; Developing Skills for Resilient Recovery; and Protecting Workers’ Right in New Forms of Employment. The countries also adopted ‘BRICS Labour & Employment Ministerial Declaration’.

Notes:
The state government in Chhattisgarh is set to start the purchase of cow urine at a minimum rate of Rs 4 per litre from local festival ‘Hareli’.
The state had launched the ‘Godhan Nyay Yojana’ on Hareli festival in 2020, under which cow dung is being procured at Rs 2 per kilogram to prepare vermi-compost.

Notes:
Union Personnel Minister Jitendra Singh launched the “National Standards for Civil Service Training Institutions” (NSCSTI).
The standards are developed by the Capacity Building Commission (CBC), to create standards for civil service training institutions at national level.

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 Supreme Court has accepted the report of the Banthia Commission and directed the Maharashtra State Election Commission to hold elections as per the report.
It paves way for political reservation for candidates belonging to Other Backward Classes in the Local Bodies’ Elections in the state. The candidates will get 27 percent political reservation in local self-government elections in the state.

Notes:
Draupadi Murmu, the NDA’s presidential candidate, emerged victorious in the presidential election with 64.03 percent votes.
She bagged a total of 6,76,803 votes over her rival Yashwant Sinha who got 3,80,177 votes. Draupadi Murmu also scripted history to become the first tribal leader to be elected as the President of India.

Notes:
As per a recent government data, Tamil Nadu tops the list of states so far as utilisation of funds under Smart City Mission.
Tamil Nadu has spent over Rs 3932 crore out of the Rs 4333 crore released by the Centre, Uttar Pradesh is at second position with utilisation of Rs 2699 cr out of the release of Rs 3142 crore. Ther Smart Cities Mission (SCM) was launched on 25 June, 2015.

Notes:
Government of India is to provide a financing facility worth about Rs. 1600 Crore through the World Bank for the “Himachal Pradesh Power Sector Development Program”.
The total program cost will be approximately Rs. 2000 Crore, along with the state equity. The Program duration is five years from year 2023 to 2028. It aims to undertake holistic power sector reforms to allow for improvements in the renewable energy capacity in the state.