Current Affairs Quiz - June 2022

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 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:
India and Japan held their first ever Finance Dialogue in New Delhi to exchange their views on the macro-economic situation, financial system, financial digitalization and investment environment.
Secretary of Department of Economic Affairs (Ministry of Finance) Ajay Seth led Indian side in this first India-Japan Finance Dialogue. India and Japan hold Presidency of G-20 and G-7 next year respectively.

Notes:
‘World Sea Turtle Day’ is celebrated on June 16 every year to highlight the importance of sea turtles in the marine system and save this aquatic species from extinction.
Sea turtles graze on sea-grass, preventing the sea-grass beds from becoming overgrown and stimulating new growth. Sea turtles in India are protected by the Wild Life (Protection) Act, 1972, which bans consumption of turtle meat and eggs by all except for indigenous tribal communities.

Notes:
The International Labour Organisation (ILO) released the ‘Making the right to social security a reality for domestic workers’ report.
As per the report, only six per cent of domestic workers worldwide have access to comprehensive social protection. 76.2 per cent of domestic workers (57.7 million people) are women, who are more vulnerable.

Notes:
The 8th meeting of the heads of the border services of the member states of the Shanghai Cooperation Organization was held in New Delhi under the chairmanship of India.
The members approved the plan for the preparation and conduct of the Joint Border Operation Friendship Border 2022.  They also approved the work plan of the group of experts of the Border Services of the SCO member states for 2023.

Notes:
The European Commission has recommended that Ukraine should be granted European Union candidate status.
The recommendation from the EU’s executive arm will be discussed by leaders of the 27-nation bloc during the upcoming summit in Brussels. The European Commission also proposed making Moldova, which shares a long border with Ukraine, an EU membership candidate.

Notes:
Indian Navy’s stealth Frigate, INS Talwar is deployed for Operation Sankalp commemorating the 3rd continuous year of Indian Navy’s presence in the Gulf for protection of India’s Maritime Interests.
After attacks on merchant ships in the Gulf of Oman in June 2019, and the deteriorating security situation in the Gulf region, Indian Navy had commenced Maritime Security Operations, code named ‘Op SANKALP’, in the Gulf Region to ensure safe passage of Indian Flag Vessels transiting through the Strait of Hormuz.

Notes:
The Department of Telecommunications (DoT) notified the production-linked incentive (PLI) scheme for telecom in 2021, aimed towards incentivising design-led manufacturing in the sector.
Recently the DoT has extended the PLI scheme by one year, and has amended the scheme to raise the incentive rate by an additional 1 per cent. The Centre will provide additional incentives of over Rs 4,000 crore.

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.