Current Affairs Quiz - July 2022

Notes:
Researchers have discovered a new giant 18-million-year-old crocodile species that mysteriously disappeared.
Kinyang mabokoensis and Kinyang tchernovi are the names of the giant dwarf crocodiles, which inhabited east Africa. The species is similar to the dwarf crocodiles that may be found in central and western Africa at present.

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 Central Board of Indirect Taxes and Customs (CBIC) has clarified that large packages of food items like pulses, cereals, rice, and wheat weighing more than 25 kilograms or 25 litres of commodity will not attract the 5% goods and services tax (GST).
For levying 5% GST on items like pulses, cereals, rice and flour, they have to be pre-packaged without the presence of the buyer, and are required to bear the declarations under the provisions of the Legal Metrology Act of 2009.

Notes:
The Reserve Bank of India has hiked the minimum capital adequacy ratio (CAR) for Urban Cooperative Banks (UCBs) to 12 per cent from the earlier ratio of 9 per cent.
The requirement is applied for Tier 1 banks, with deposits above Rs 100 crore. RBI has also provided a path till March 2026 to meet revised CAR norm in phases, for UCBs that don’t meet it currently. This is based on recommendations of a panel headed by N S Vishwanathan, former Deputy Governor.

Notes:
Italian Prime Minister Mario Draghi recently resigned after a collapse in support among his coalition backers,
President Sergio Mattarella called for an election for a new parliament in September. Mario Draghi was a former president of the European Central Bank. The country has been fighting inflation surge and an economic slowdown.

Notes:
Pradhan Mantri Vaya Vandana Yojana was launched on July 21, 2017. The scheme recently completed five years since its launch.
Under the scheme, senior citizens above the age of 60 can make a lump sum investment and can monthly or a yearly pension. PMVVY has been extended up to 31st March, 2023. The amendment in 2020 allowed an assured rate of return of 7.40 % per annum for the year 2020-21 per annum and thereafter to be reset every year.

Notes:
After African swine fever was detected in pigs in Wayanad district of Kerala, two districts of north Kerala have been put on high alert.
Samples sent to the National Institute of High Security Diseases in Bhopal confirmed the disease. The district authorities are planning to cull pigs within a two kilometer area in the vicinity where the first case was reported.

Notes:
The Bihar state government signed MoUs with seven big companies, including Maruti and Flipkart, to provide placement opportunities to the students in ITIs and engineering colleges.
The MoU was signed on the occasion of World Youth Skills Day on July 15. Nine skill-awareness vans were also flagged off by the Bihar Skill Development Mission to motivate the youths of the state for skill development.

Notes:
Tech giant Microsoft has introduced ‘Viva Engage’, a new application in Teams to build community and connection and for providing tools for personal expression.
The app has been built on the foundation of Yammer. It brings people together across the organisation to connect with leaders and co-workers, find answers to questions, share their story among others.

Notes:
Union Minister of AYUSH Sarbananda Sonowal inaugurated a Vaccination Centre for children at the All India Institute of Ayurveda (AIIA).
The Minister also launched the ‘Bal Raksha’ mobile app, to create awareness among parents on paediatric preventive healthcare through Ayurveda intervention. The app will also collect feedback from parents regarding the impact of the kit on their children’s health and immunity.