Current Affairs Quiz - June, 2023

Notes:
The Indian government has recently issued an advisory against the malware called Daam. This virus is capable of hacking call records, contacts, history and camera.
The national cyber security agency advisory has warned that the ‘Daam’ virus is capable of bypassing anti-virus programs and deploying ransomware on the targeted devices.

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:
A new Jupiter-size exoplanet ‘TOI 4603b’ with the highest density known till this date and mass 13 times than that of Jupiter, has been discovered by an international team of scientists
ISRO says the discovery of this exoplanet has been made using the indigenously made PRL Advanced Radial-velocity Abu-sky Search spectrograph (PARAS) at the 1.2 m telescope of PRL at its Gurushikhar Observatory in Mount Abu.

Notes:
The Union Cabinet recently approved the formation and the empowerment of an Inter-Ministerial Committee (IMC) to create the “world’s largest grain storage plan in the cooperative sector”, with an outlay of Rs 1 lakh crore.
This objective will be achieved by converging 8 ongoing schemes of 3 ministries. Ministry of Cooperation will implement a pilot project in at least 10 selected districts.

Notes:
Mahakal Lok corridor, which was inaugurated by Prime Minister Modi in 2022, is part of the redevelopment project around the Mahakaleshwar temple, Ujjain.
Six out of seven idols of ‘Saptarishis’ installed at the Mahakal Lok corridor have collapsed due to gusty winds. Madhya Pradesh’s Lokayukta has taken suo motu cognisance of the damage that gusty winds caused to six statues installed as part of the Mahakal Lok Corridor Project.

Notes:
Obstetric fistula is a health condition characterized by the formation of an opening between the passage through which a baby is delivered and the urinary or digestive system.
Zamibia recently unveiled the Obstetric Fistula Strategic Plan for the period 2022 to 2026. On May 23, Zambia commemorated International Day for Elimination of Obstetric Fistula with theme “20 years on — progress but not enough! Act Now to End Fistula by 2030”. As of 2018, more than 33,000 women and girls were affected in the country.

Notes:
The United States and Taiwan have signed a trade deal aimed at deepening economic relations between both sides in a move that has sparked a warning from China.
Washington and Taipei maintain a multibillion-dollar annual trade and unofficial ties through the de facto US embassy. The Chinese foreign ministry accused Washington of violating agreements on the status of Taiwan.

Notes:
A report titled ‘Derailment in Indian Railways’ was released in 2022 by the Comptroller and Auditor General of India (CAG). This report flagged several shortcomings and provided multiple recommendations to improve the safety of the Indian Railways. It highlighted shortfalls in inspections and failures to use a dedicated railway fund on priority tasks.

Notes:
The Countervailing Duty (CVD) is commonly imposed to safeguard domestic companies that are unable to compete with low-cost imports benefiting from subsidies provided by the exporting country.
The Indian government is planning to impose this duty on stainless steel imports to prevent the flooding of cheap imports and protect the domestic manufacturers.

Notes:
Lavender Festival was inaugurated in Jammu and Kashmir’s Bhaderwah Valley. It was organized by the CSIR-IIIM as part of its ‘One Week One Lab Campaign’.
It showcases the remarkable progress made in lavender cultivation and its impact on the local community.