Current Affairs Quiz - June 2022

Notes:
As per recent reports, Russia overtook Saudi Arabia to become India’s second-largest supplier of crude oil last month.
The average daily rate of Russian oil exports to India stood at 819,000 barrels, as compared to 277,000 barrels exported in April. Indian buyers account for 18 percent of Russian crude oil exports. Russian crude has been trading at a discount reaching USD 30 to Brent since the start of the war in Ukraine.

Notes:
Indian men’s football team captain Sunil Chhetri became the joint fifth highest goalscorer in international football history.
He is also third on the list of active international goal-scorers, just behind Portugal’s Cristiano Ronaldo and Argentina’s Lionel Messi. Chhetri achieved this feat during India’s AFC Asian Cup Qualifier match against Hong Kong, which was won by India.

Notes:
The Indian Prime Minister Narendra Modi inaugurated ‘Kranti Gatha’, a Gallery of Indian Revolutionaries inside an underground bunker at Raj Bhavan in Mumbai.
The Prime Minister also inaugurated ‘Jal Bhushan’, the new residence and office of the Governor of Maharashtra.

Notes:
Europe’s biggest start-up conference – Vivatech 2020 has recognized India as the ‘Country of the year”
Union Minister of Electronics and IT Ashwini Vaishnaw inaugurated the India pavilion at the Vivatech technology exhibition. Around 65 start-ups from India are participating in the conference with government support. India has created 100 unicorns in few years while Europe has created 26 unicorns.

Notes:
The Central Board of Direct Taxes (CBDT) recently notified the cost inflation index (CII) for FY 2022-23 as 331.
For the previous year (FY 2021-22) CII was notified as 317. The CII is used to calculate an asset’s inflation-adjusted cost price, with which Long-term capital gains or losses are then calculated. This notification will apply to the Assessment Year 2023-24 and future years.

Notes:
The United States has announced a funding of USD 122 million for India, to prevent avoidable epidemics, early detection of disease threats, and rapid and effective response.
The total funding will be distributed to three top health research institutions- ICMR, National Institute of Virology (NIV) and National Institute of Epidemiology (NIE) over a period of five years.

Notes:
Three-day international literary festival ‘Unmesh’ was organised at the state of Himachal Pradesh. The festival was inaugurated by Union Minister of State for Culture Arjun Ram Meghawal.
Over 425 writers, poets, translators, critics and personalities from 15 countries, representing over 60 languages, are participating in the event. The festival is being organised by the Union Ministry of Culture and the Sahitya Akademi with the support of the Himachal Pradesh Department of Art and Culture as part of the ‘Azadi Ka Amrit Mahotsav’.

Notes:
Mongolia’s Khuvsgul Lake National Park has been recently added to the World Network of Biosphere Reserves of UNESCO.
The decision was taken during the 34th session of the International Co-ordinating Council of the Man and the Biosphere Programme taking place in Paris, France. Khuvsgul Lake is located in the northern Mongolia near the Russian border, holding nearly 70 per cent of Mongolia’s fresh water.

Notes:
Germany announced emergency measures including increased use of coal to boost gas storage levels and to phase out imports.
As Germany relies on Russia for most of its gas, it is affected after Russia’s invasion of Ukraine which led to cut in deliveries. The new measures include increased reliance on coal-fired power plants and an auction system to incentivise industry to consume less.

Notes:
Theri Desert in located in Tamil Nadu. It derives its name from Tamil term “theri”, which means red dunes. Red sand dunes in this desert have sediments dating back to the Quaternary period that commenced some 2.6 million years ago.