Current Affairs Quiz - June 2022

Notes:
The Reserve Bank of India (RBI) recently released a document titled “Payments Vision 2025”, with guidelines on payments.
The document also focussed on the architecture of digital finance. It includes regulations for BigTechs and fintechs in payments; guidelines on payments involving ‘Buy Now Pay Later’ (BNPL) services; introducing the central bank digital currency (CBDC); and linking credit cards and credit components of banking products to the Unified Payments Interface (UPI).

Notes:
The Shriram Group has secured RBI approval for the merger of Shriram City Union Finance and Shriram Capital Ltd with Shriram Transport Finance Company.
This consolidation is set to create the largest retail finance NBFC in the country. The merger would help the group bring together all its lending products. The Group announced that it would focus on digital lending, with distribution on a newly built super application.

Notes:
The ‘Employees’ State Insurance Corporation (ESIC)’ functions under the aegis of Ministry of Labour and Employment.
ESIC has announced that its Employees’ State Insurance (ESI) Scheme will be implemented throughout the country by the end of 2022. The health insurance scheme is fully implemented in 443 districts and partially implemented in 153 districts. As many as 148 districts are not covered under the ESI Scheme at present.

Notes:
Former rebel fighter Gustavo Petro secured majority of votes in the Colombia’s presidential election and is set to become the first leftist President of the country.
A shift of South American politics to the left has been observed with the victories in Peru last year, and in Chile and Honduras this year. During the pandemic, Colombia saw anti-establishment protests against corruption, stagnancy, increased taxation and a new health care reform.

Notes:
Every year, World Refugee Day is observed on June 20, to highlight the difficulties faced by refugees who have been displaced from their homes.
The United Nations has celebrated this day since 2001 and the day marks the 50th anniversary of the 1951 refugee convention. The theme for this year’s World Refugee Day is ‘Whoever, Whatever, Whenever. Everyone has a right to seek safety.

Notes:
Francia Marquez is set to be the first black woman to become the vice president of Colombia. The environmental activist received the prestigious Goldman Environmental Prize in 2018 for standing up against gold mining.

Notes:
The UN announced world’s first-ever floating city named Oceanix City in April this year. It is going to be set up off the coast of South Korea’s second-largest city, Busan. The construction process is going to commence next year.

Notes:
Typhoid fever is caused by bacterium Salmonella Typhi. Humans are its only host. A new study found that Typhoid-causing bacteria are becoming highly resistant to popular antibiotics. Strains resistant to antibiotic azithromycin are found in India, Pakistan, Bangladesh and Nepal. As per the recent study published in “The Lancet Microbe” most of the antibiotic resistant strains of Typhoid causing bacteria originated in South Asia.

Notes:
The Tenth Schedule, which is popularly known as the Anti-Defection Act, became part of the Indian Constitution as the result of the 52nd Amendment Act, 1985. It sets grounds for the disqualification of legislators on the grounds of defection to another political party. It was recently making news due to Maharashtra Political Crisis.

Notes:
The Ambubachi Mela is a 4-day long festival held every year at the Kamakhya Temple, which is situated at Assam’s Guwahati. It celebrates the goddess of motherhood and fertility. It marks Goddess Kamakhya experiencing the menstrual cycle.