Current Affairs Quiz - June, 2024

Notes:
India’s aviation sector has ascended to the world’s third-largest domestic market, advancing from fifth place a decade ago under Prime Minister Narendra Modi’s leadership. The average yearly growth rate in airline seat capacity is a leading 6.9%. Low-cost carriers (LCCs) now dominate with 78.4% market share, led by IndiGo capturing 62%. LCCs’ rapid expansion, with IndiGo growing 13.9% annually, has significantly boosted accessibility and contributed to economic growth.

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Recently, the 350th contract under the Innovations for Defence Excellence (iDEX) was signed with SpacePixxel Technologies Pvt Ltd for a miniaturized satellite. iDEX, a flagship initiative of the Ministry of Defence, promotes self-reliance and innovation in Defence and Aerospace by engaging MSMEs, start-ups, and R&D institutes. Managed by the Defence Innovation Organization (DIO), it supports innovators through financial aid and technical guidance. iDEX has launched 11 Defence India Start-up Challenges and the ADITI scheme.

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A rare Indian Painted Frog, Uperodon taprobanicus, was recently spotted in Telangana’s Kawal Tiger Reserve, a significant find outside its usual habitats. This species belongs to the Microhylidae family and is found in Sri Lanka, Bangladesh, southern and eastern India, and Nepal. Notable for its striking coloration and smooth body, the frog is listed as Least Concern on the IUCN Red List and is common in Sri Lanka and India’s Western and Eastern Ghats.

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A five-member Pakistan delegation and World Bank experts toured the Ratle power project, a run-of-the-river hydroelectric project on the Chenab River in Jammu and Kashmir. Since 2006, Pakistan has raised technical objections, seeking international arbitration, which India rejected. Under the Indus Water Treaty, India has rights over the run-of-the-river waters in Jammu and Kashmir and full rights over Punjab’s rivers. India asserts its compliance with the treaty.

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Every June 26th, the International Day Against Drug Abuse and Illicit Trafficking raises awareness about the detrimental impact of drugs on society. In 2024, the theme is “The evidence is clear: invest in prevention.” Established by the UN General Assembly on December 7, 1987, this day highlights global efforts to combat drug use and trafficking, acknowledging the persistent health risks they pose despite widespread awareness among youth about their dangers for recreational use.

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India’s largest leopard safari has opened at Bannerghatta Biological Park, Karnataka. Covering 20 hectares, the safari houses eight leopards, with plans to increase this number. The area is secured with railway barricades and enclosed with 4.5-meter-tall chain-link mesh and mild steel sheets to ensure the leopards remain within the boundaries.

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Paraguay has become the 100th full member of the International Solar Alliance (ISA) by officially handing over its Instrument of Ratification in New Delhi. The ISA, co-founded by India and France during the 2015 COP21, promotes global solar energy deployment. The alliance now has 119 signatories, with 100 ratified members. The ISA aims to implement the Paris Climate Agreement through extensive solar energy adoption.

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Researchers from IISc’s Department of Bioengineering have developed a 3D hydrogel culture system that mimics the mammalian lung environment. This innovation allows precise tracking and study of tuberculosis bacteria infection in lung cells. The system serves as a robust platform for testing the effectiveness of TB therapeutics.

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India, the largest remittance recipient globally, is expected to receive 124 billion in inward remittances in 2024 and 129 billion in 2025. In 2023, India received $120 billion, marking a 7.5% growth rate, projected to be 3.7% in 2024. The World Bank’s June 2024 Migration and Development Brief highlights these trends, noting India as the leading emigrant origin country with 18.7 million emigrants.

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The Ministry of Mines launched the Scheme for Partial Reimbursement of Exploration Expenses to accelerate mineral exploration and reduce costs. The scheme offers 50% reimbursement, up to Rs 20 crore, for exploration expenses. This cap increases to Rs 24 crore if a G2 block is auctioned within three years. Funded by the Rs 5,000 crore NMET, recipients must repay the amount over ten years from production start or within one month of receiving lump sum payments.