Current Affairs Quiz - June 2022

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 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 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:
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:
Bangladesh Ministry of Foreign Affairs (MoFA) recently clarified that the Padma Bridgeis not part of China’s Belt and Road Initiative (BRI).
It is a multipurpose road-rail bridge across the Padma River, the main distributary of the Ganges. When completed it will be the largest bridge in Bangladesh and the first fixed river crossing for road traffic. BRI or the ‘One Belt, One Road’ initiative is a flagship programme of President Xi Jinping for trade and connectivity and India has raised concerns over the BRI projects.

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:
‘National Conference on Cyber Safety and National Security’ was held at New Delhi and Union Home Minister Amit Shah was its chief guest.
The Conference is being organised by the Home Ministry to create mass awareness for the prevention of cyber crimes in the country. The Indian Cyber Crime Coordination Centre (I4C) in coordination with the Culture Ministry organised functions at 75 places in different states and UTs on cyber hygiene, prevention of cyber crimes, cyber safety and national security

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:
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:
South Korea launched its first domestically built space rocket ‘Nuri’ in the country’s second attempt. Earlier, the country failed to place a payload into orbit.
If the launch is successful, South Korea will become the world’s 10th nation to place a satellite into space with its own technology. The performance verification satellite will also help South Korea launch more satellites.