Current Affairs Quiz - June, 2023

Notes:
A Submarine mud volcano is an underwater geological structure that was formed after the constant expulsion of gas or fluids like methane from the seabed.
Scientists have recently spotted a submarine mud volcano close to Norway’s Bear Island in Barents Sea. Bear Island is the southernmost island of the Norwegian Svalbard archipelago.

Notes:
Capital Market Regulator SEBI- the Securities Exchange Board of India has released guidelines for Investor Protection Fund (IPF) and Investor Services Fund (ISF).
These funds are maintained by stock exchanges and depositories. The new changes aim to strengthen investor protection measures and promote financial literacy and participation in the securities market.

Notes:
President Recep Tayyip Erdogan has won Turkey’s presidential election, defeating opposition leader Kemal Kilicdaroglu runoff vote and stretching his rule into a third decade.
As per the official data inflation in Turkey was at 50.5 percent in March, down from a high of 85.6 percent in October.

Notes:
The 22nd Summit of the Shanghai Cooperation Organisation (SCO) will be held in a virtual mode on 4 July, the Ministry of External Affairs (MEA) announced.
India is set to host the 22nd SCO summit for the first time under its chairmanship. Invitations were sent to heads of state of all SCO member countries — China, Russia, Kazakhstan, Kyrgyzstan, Pakistan, Tajikistan and Uzbekistan.

Notes:
The Central Board of Direct Taxes (CBDT) recently launched “e appeal” scheme announced in the budget.
Its aim is to minimize pendency of appeals related to Tax Deducted at Source (TDS) default issues and tax collection at source (TCS). The scheme empowers the Joint Commissioner (Appeals) for disposing of appeals filed before it or allocated or transferred to it.

Notes:
The armed forces are planning to set up additional joint logistics nodes across the country to boost integration in their logistical needs and streamline their supply chains.
While the last joint logistics node was operationalised in Mumbai in April 2021, the nodes in Guwahati and Tri-Services, Port Blair were operationalised in January 2021. The Joint Operations Division under the Headquarters Integrated Defence Staff has been responsible for establishing the nodes.

Notes:
The National Mission for Mentoring (NMM) is an initiative aimed at creating a pool of outstanding professionals willing to provide mentoring for school teachers and promote their professional development.
National Council for Teacher Education (NCTE) launched NMM in Pilot mode in selected 30 Central Schools across the country. As part of this initiative, the NCTE organized a capacity building workshop for 60 mentors.

Notes:
Swachh Jal Se Suraksha Campaign Report was released recently under the Jal Jeevan Mission. The campaign was organised from 2nd October, 2022 to 31st March, 2023.
Water quality testing has been reported in 5.39 lakh (89.69 %) villages for chemical and in 4.47 lakh (74.46 %) villages for bacteriological contamination.

Notes:
As many as 62 Desiccation-Tolerant Vascular plant species have been discovered in the Western Ghats in India.
These species have potential applications in agriculture, especially in regions where there is scarcity of water.

Notes:
The US Congress has approved the debt ceiling deal to raise the government’s borrowing limit and thwarting a potentially catastrophic default on US debt repayments.
It will allow the federal government to borrow money until after the next presidential election in November 2024. The agreement keeps non-defence spending flat next year, with a 1% rise in 2025.