Current Affairs Quiz - July 2022

Notes:
The Government has recently clarified that fresh milk and pasteurised milk are fully exempted from Goods and Service Tax (GST).
Other milk products including curd and butter milk are also exempted from GST if sold in forms other than those pre-packaged and labelled. GST of 5 per cent applies to the milk products when sold in pre-packaged and labelled form and Ultra High-Temperature Milk.

Notes:
According to data presented by Union Minister of State for Environment in the Lok Sabha, India lost 329 tigers in the last three years due to poaching, natural and unnatural causes.
It also added that 125 people have been killed in tiger attacks in this period. Around 307 elephants have died in this period due to poaching, electrocution, poisoning and train accidents. Out of them, 222 elephants died due to electrocution in the last three years.

Notes:
Non Performing Assets (NPA) of Scheduled Commercial Banks in the country have declined in the last four years.
The gross NPA has reached Rs. 7.53 lakh crores in 2022, as compare to over 10.36 lakh crores in 2018. This was stated by the Minister of State for Finance Bhagwat Karad in a written reply in the Rajya Sabha.  Decline in NPA is primarily due to Asset Quality Review undertaken by the Reserve Bank of India.

Notes:
International Organisation for Migration (IOM), the UN Children’s Fund (UNICEF), Georgetown University and the UN University issued first-ever global policy framework to protect children displaced due to climate change.
‘The Guiding Principles for Children on the Move in the Context of Climate Change’ comprises a set of nine principles to address the vulnerabilities of children who were forced for internal as well cross-border migrations.

Notes:
Export Credit Guarantee Corporation of India (ECGC) has introduced a new scheme to provide enhanced export credit risk insurance cover up to 90% to support small exporters.
This cover is provided under the Export Credit Insurance for Banks Whole Turnover Packaging Credit and Post Shipment (ECIB- WTPC & PS).  The scheme would benefit small-scale exporters availing of export credit with banks and to diversify their existing portfolio.

Notes:
The Ministry of Corporate Affairs has issued a circular to permit companies to spend their CSR funds for activities related to the ‘Har Ghar Tiranga’ campaign.
The campaign is organised to encourage people to bring home the national flag and hoist it to celebrate 75 years of India’s independence. Spending of CSR funds for the activities related to the campaign such as mass scale production and supply of the national flag, outreach efforts and other related activities are eligible CSR activities

Notes:
According to National Aeronautics and Space Administration (NASA), scientists released the first pieces of the multispectral maps made by the Compact Reconnaissance Imaging Spectrometer for Mars (CRISM),.
NASA’s Mars Reconnaissance Orbiter (MRO) has been mapping minerals on the red planet Mars for the last 16 years with the help of CRISM.

Notes:
The Indian Navy recently received two MH-60 R multirole helicopters from the United States. The third helicopter is scheduled to be delivered in August this year
In 2019, the United States had approved the sale of 24 MH-60R multi-mission helicopters to India under its Foreign Military Sales (FMS) program.  The MH-60R is the most advanced marine multi-mission helicopter which is in use currently.

Notes:
Zimbabwe has launched gold coins called ‘Mosi-oa-Tunya’ to be sold to the public, with an aim to curb an inflation rise that has eroded the country’s unstable currency.
The move was announced by the country’s central bank, the Reserve Bank of Zimbabwe, which disbursed 2,000 coins to commercial banks. ‘Mosi-oa-Tunya’ refers to Victoria Falls in the local Tonga language. The coins will be capable of being easily converted to cash and will be tradable locally and internationally.

Notes:
India’s ReNew Power has signed an agreement with the Egyptian government to invest USD 8 billion to produce green hydrogen in the African country.
The Indian company has planned to build the project in the Suez Canal Economic Zone. Earlier, Reliance Industries announced it would commit USD 75 billion to green energy while Adani Group announced it would invest USD 70 billion by 2030 into renewable energy infrastructure, including in green hydrogen.