Current Affairs Quiz - July, 2023

Notes:
Infosys has announced a long-term collaboration with Danske Bank. The projected agreement worth USD 454 million for a 5-year term has the possibility to renew for an extra year up to three times.
As part of this agreement, Infosys will also buy Danske Bank’s IT centre in India, which employs over 1,400 people. Danske Bank, headquartered in Denmark, provides banking services to individuals and businesses, as well as large corporations and institutions.

Notes:
In consultation with the Central Electricity Authority (CEA), the Union of Ministry has released Guidelines for the Resource Adequacy Planning Framework for India. These Guidelines have been formulated in accordance with Rule 16 of the Electricity (Amendment) Rules, 2022.
The guidelines will ensure that sufficient electricity is made available to power the country’s growth, by putting in place a framework for advance procurement of resources by DISCOMs to meet the electricity demand in a cost-effective manner.

Notes:
A team of scientists in Japan’s University of Tokyo have developed the ‘Jizai Arms’, named after a Japanese term that denotes autonomy and personal freedom. The arm can be attached to human’s body to create a man machine relationship.
It is said that the technology takes inspiration from a quasi-horror traditional Japanese story named “The Arm”.

Notes:
The Gross Non-Performing Assets (GNPA) of the scheduled commercial banks, which declined to a 10-year low of 3.9 per cent in March 2023.
It is expected to fall further to 3.6 per cent by March 2024, as per the Reserve Bank of India. However, the report stated that nearly 10 per cent of retail borrowers are missing monthly payments.

Notes:
As per a recent notification by the Directorate general of foreign trade (DGFT), the import of cigarette lighters if the price per unit is less than Rs.20, stands prohibited, with a view to discourage inbound shipments of the product.
The prohibition has been imposed on pocket lighters, gas fuelled, non-refillable or refillable. However, the import is not prohibited, if the CIF value is Rs.20 or more per unit.

Notes:
India’s first domestically developed 700 MW nuclear power reactor, located at the Kakrapar Atomic Power Project (KAPP) in Gujarat, has commenced commercial operations.
The Nuclear Power Corporation of India Limited (NPCIL) is building two 700 MW pressurised heavy water reactors (PHWRs) at Kakrapar, which is also home to two 220 MW power plants.

Notes:
The governing board of the 64th Global Environment Facility (GEF) has given the green light for the creation of the Global Biodiversity Framework Fund.
The fund will help with the implementation of the Kunming-Montreal Global Biodiversity Framework, which was reached in December 2022 during the Convention on Biological Diversity COP15 summit in Montreal.

Notes:
The Government of India has recently urged e-commerce companies to abstain from employing “dark patterns” on their platforms, which have the potential to deceive customers or manipulate their decision-making process.
Dark patterns, alternatively referred to as deceptive patterns are the methods employed by websites or applications to manipulate users into performing actions they did not intend to do.

Notes:
The Odisha government has introduced the Mo Jungle Jami Yojana, a scheme designed to enhance forest rights for tribal communities and forest dwellers in various districts of the state.
This initiative will work in conjunction with the Scheduled Tribes and Other Traditional Forest Dwellers (Recognition of Forest Rights) Act, 2006, commonly known as FRA.

Notes:
The Ulez, located in London, is a designated zone that mandates vehicles emitting significant amounts of pollutants to pay a charge upon entry.
Recently, the expansion of the Ulez in London has led to a legal battle in the high court for the London Mayor.