Current Affairs Quiz - June, 2023

Notes:
National Tiger Conservation Authority (NTCA) has constituted an 11-member Cheetah Project Steering Committee.
Rajesh Bansal, the Secretary General of Global Tiger Forum, has been appointed as its Chairman, the Ministry of Environment, Forest and Climate Change said in a statement.

Notes:
Acinetobacter baumannii, the multidrug-resistant bacteria, is a red alert pathogen notorious for its ability to resist many antibiotics.
Researchers have used machine-learning to identify a potential new antibiotic named Abaucin, against a challenging species of disease-causing bacteria

Notes:
The Odisha government has recently decided to develop the Konark Sun Temple Complex with an outlay of Rs.209 crore.
It will be developed as part of the Konark Heritage Area Development Plan (KHADP), under the Integrated Development of Heritage & Monuments and Tourist Destination Scheme.

Notes:
Israel-1 is an Israeli supercomputer that is set to be built by Nvidia. It will be partly operational by the end of this year.
The system is expected to deliver performance of up to eight exaflops of AI computing that will essentially make it one of the world’s fastest AI supercomputers.

Notes:
The 44th plenary on Consumer Policy (COPOLCO) is a four-day event hosted by Bureau of Indian Standards (BIS).
The ISO countries have renewed their commitment to incorporate the objectives of the SDGs into its standards programme. BIS’s initiatives, such as Manak Manthan, Quality Connect are aimed at enhancing consumer engagement in standardisation.

Notes:
The Reserve Bank of India (RBI) is planning to introduce expected loss-based approach for provisioning during 2023-24.
It will help strengthen India’s bad loan resolution ecosystem. This will enable banks to design their own credit loss models and spread the higher provisions over a five-year period.

Notes:
The Asian Development Bank recently launched a new country partnership strategy (CPS) for India.
During 2023–2027, ADB operations in India will focus on accelerating structural transformation and job creation, promoting climate-resilient growth, and deepening social and economic inclusiveness.

Notes:
Combined Maritime Forces is a US-led maritime coalition involved in securing tense Gulf waterways. The UAE recently withdrew from this coalition.
The coalition is tasked with securing tense Gulf waterways that are vital to the global oil trade. The coalition had 38 member states.

Notes:
Currency demand paradox happens when currency in circulation rising when digital payments are rising too. This phenomenon is seen in India.
The RBI has explained the ‘currency demand paradox’ in India. In India, while UPI-led retail digital payments grew at a CAGR of 50 per cent and 27 per cent in terms of volume and value, during 2016-17 to 2021-22, the currency in circulation to GDP ratio also peaked at 14.4 per cent in 2020-21.

Notes:
The 2023 Multilateral Naval Exercise Komodo will be organized by Indonesia from June 4 to 8 in Makassar.
This event will mark the fourth iteration of the exercise since its inception in 2014. The previous edition of this exercise took place in 2018 before it was suspended because of COVID-19.