Current Affairs Quiz - July 2022

Notes:
The Indo-Tibetan Border Police (ITBP) has created its first mountain-warfare training centre in northeast India in Dombang, Sikkim.
It is ITBP’s second training centre in the country, to skill its troops in high-altitude combat and survival tactics as part of their mandate to guard the Line of Actual Control with China. The first such school-Mountaineering and skiing institute (M&SI) is at Joshimath, in the Himalayan ranges of Uttarakhand.

Notes:
NITI Aayog has released a report titled ‘A proposal for Digital Banks in India: Licensing and Regulatory Regime’.
The report recommends a calibrated approach, comprising ‘Issue of a restricted digital bank licence’, ‘Enlistment in a regulatory sandbox framework enacted by the Reserve Bank of India’ and ‘Issue of a full-scale digital bank licence’.

Notes:
Sri Lankan MPs have elected the Prime Minister Ranil Wickremesinghe as the country’s new President.
He defeated his main rival for the job, Dullus Alahapperuma in a parliamentary vote. Sri Lanka’s ex-president Gotabaya Rajapaksa fled the country last week, after thousands of protesters stormed his presidential residences calling for his resignation. They had also called for the resignation of Wickremesinghe.

Notes:
According to NITI Aayog’s India Innovation Index 2021, India’s gross expenditure on research and development (R&D) is one of the lowest in the world, with just USD 43 per capita.
It said that India needs to boost this expenditure and at least be on a par with its BRICS or ASEAN counterparts like Russia (USD 285) and Brazil (USD 173). In India, the government spends more than 55% on R&D and private sector is to be encouraged to take up research.

Notes:
The Income Tax department observes July 24 every year as Income Tax Day or ‘Aaykar Diwas’, to commemorate the introduction of income tax in the country.
On the same day in 1860, Sir James Wilson introduced income tax for the first time in India, to compensate for the losses suffered by the British regime during the 1857 war of independence.  ‘Aaykar Diwas’ was celebrated for the first time in 2010, to mark 150 years of income tax in India.

Notes:
China successfully launched its second module, called Wentian, to the Tiangong space station recently.
Wentian was launched aboard a Long March 5B rocket from Hainan, China docking at the Tiangong space station about 13 hours later. The module contains equipment that allows the Chinese astronauts, also known as taikonauts, to perform various scientific experiments.

Notes:
The Government has appointed a joint secretary to the Department of Public Enterprises (DPE) Sanjay Kumar Jain, as the interim chief executive officer (CEO) of NLMC.
National Land Management Corporation (NLMC) was incorporated on June 3 as a wholly-owned Government of India company with an initial authorised share capital of Rs 5,000 crore and paid-up share capital of Rs 150 crore.

Notes:
The Chief Minister of Jharkhand Hemant Soren launched ‘Jharkhand Tourism Policy 2021’. The policy aims to revive and revamp the tourism sector of the state.
‘Jharkhand Tourism Policy 2021’ was organized by FICCI, jointly with the Jharkhand government. Jubilant Jharkhand’ aims to develop the state as one of the most sought-after tourist destinations by 2025.

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.

Notes:
India celebrates the ‘Kargil Vijay Diwas’ on July 26 every year, to celebrate the 23-year anniversary of its victory over Pakistan in the Kargil War.
The Kargil War was fought against intruders from Pakistan, who had crossed the Line of Control (LoC) into Indian Territory in 1998. On July 26, 1999, the Pakistan forces were forced to withdraw from the Indian Territory.