Current Affairs Quiz - June 2022

Notes:
Union Minister of Civil Aviation awarded the first Type Certificate (TC) under Drone Rules, 2021 to IoTechWorld Avigation.
The Gurugram based company received the TC within 34 days after submission of its online application on the ‘DigitalSky Platform’ of DGCA. There are 14 drone prototypes that are undergoing the certification tests. The Drone Rules, 2021 were notified in 2021 and the ‘Certification Scheme for Unmanned Aircraft Systems (CSUAS)’

Notes:
Kerala has been ranked first in Asia in Affordable Talent in Global Startup Ecosystem Report (GSER).The State has also been ranked fourth in global ranking in the GSER, from its previous rank of 20.
It is released by Startup Genome and Global Entrepreneurship Network. Kerala founded ‘Kerala Startup Mission’ in 2006 to become a start-up powerhouse. As per the report, Kerala is suitable for investments in artificial intelligence (AI) and data analytics.

Notes:
The annual World Competitiveness Index compiled by the Institute for Management Development was recently released.
India has registered the sharpest rise among the Asian economies, with a six-place jump from 43rd to 37th rank on the index due to gains in economic performance. Singapore, Hong Kong, Taiwan, and China were the top-performing Asian economies. Denmark was placed on top, while Switzerland slipped from the top to the second position.

Notes:
The Insolvency and Bankruptcy Board of India (IBBI) was set up in the year 2016. IBBI has notified the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2016.
Under the amendment, the operational creditors have to furnish extracts of Form GSTR-1, Form GSTR-3B and e-way bills. It also places a duty on the corporate debtor, its promoters or any other associated person to provide the information as sought by resolution professional.

Notes:
NPCI International, the international arm of the National Payments Corporation of India (NPCI) has signed a Memorandum of Understanding (MoU) with Lyra Network of France for ‘Acceptance of UPI & Rupay Card in France.
India is doing 5.5 billion UPI transactions in a month. France is the first Western country with which India has partnered to expand its UPI services.

Notes:
China recently launched its third aircraft carrier named ‘Fujian’. It is also the country’s most advanced and the first fully domestically built naval vessel.
Fujian is the name of China’s eastern coastal province of Fujian. Liaoning and Shandong are names of the two previous aircraft carriers of China. China plans to have around five aircraft carriers while the next carrier is expected to be nuclear-powered.

Notes:
According to the quarterly report published by Microfinance Institutions Network (MFIN), Tamil Nadu has displaced West Bengal to emerge as the largest State in terms of the outstanding portfolio of microfinance loans.
The gross loan portfolio (GLP) of Tamil Nadu as of March 31, 2022 stood at ₹36,806 crore while the overall microfinance industry has a total GLP of ₹2,85,441 crore as of March 31, 2022. Banks held the largest share of the portfolio in micro-credit followed by NBFC-MFIs.

Notes:
Vaikom Muhammed Basheer was a famous writer of Malayalam literature. He was a recipient of the Sahitya Academy Fellowship and Padma Shri award.
The 28th death anniversary of writer Vaikom Muhammed Basheer is set to be marked at his residence at Beypore with a range of programmes named ‘Basheer Fest’. The event will be organised in association with Chalachitra Academy, Folklore Academy and Sahitya Akademi and others.

Notes:
Goods and Services Tax (GST) was introduced on July 1, 2017, to revamp the country’s entire indirect tax structure and modify tax administration and compliance.
The system has completed five years of implementation. There has been a significant increase in the tax base in India at about 1.36 crore active GST registrations as on 31 March 2022.The revenues of May 2022 touched the INR 1.41 lakh crore mark and GST collections crossed Rs 1 lakh crore for 11 months in a row.

Notes:
The theme for International Day of Yoga 2022 is “Yoga for Humanity”. The International Yoga Day is observed with a unique theme every year since 2015. This year’s main event demonstration was led by Prime Minister Modi at Mysuru Palace.