Current Affairs Quiz - June, 2023

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Capital Market Regulator SEBI has recently reconstituted its intermediary advisory committee.
This committee is responsible for providing recommendations on matters concerning changes in legal framework and increasing transparency in systems and procedures of market intermediaries like stock brokers, clearing members and depository participants.

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A Tokyo-based startup Preferred Robotics has introduced a robot called Kachaka for home use. It has the capacity to deliver items through voice commands.
The robot’s AI technology enables it to analyse camera images, allowing it to detect and avoid obstacles. Kachaka has a maximum carrying capacity of 20 kg, including the attached table.

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The Delhi High Court has recently set up a five-member committee to implement the rare diseases policy formulated by the Indian government.
It will ensure seamless coordination between the medical community, the providers of therapies for rare diseases and Governmental agencies.

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Pisodonophis kalinga is a newly discovered species of eel found in Palur canal in Odisha’s Ganjam district.
It was found by scientists from the Zoological Survey of India (ZSI). The new species has been named Pisodonophis kalinga after the name of ancient Odisha. It has a snake-like appearance and has length from 560 millimetres to 7 metres.

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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.

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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.

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Global Container Port Performance Index (CPPI) 2022 was released by the World Bank and S&P Global Market Intelligence.
It acts as the benchmark for assessing container port performance and efficiency worldwide. Pipavav Port on the Gujarat coast has emerged as the most efficient port in India in Global Container Port Performance Index (CPPI) 2022. Globally, Pipavav Port has secured the 30th position.

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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.

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The 11th edition of the World of Work report was released recently by the International Labour Organisation.
According to this report, in 2023, the global unemployment is expected to decline below pre-pandemic level to 5.3 percent.

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The Draft Aircraft Bill, 2023 has been proposed by the Civil Aviation Ministry after reviewing the existing Aircraft Act, 1934.
It aims to simplify the regulations of India’s aviation sector. It gives enough powers to administer the regulatory role to statutory body, such as the Directorate General of Civil Aviation, meeting regulatory challenges in current scenarios.