Current Affairs Quiz - May 2022

Notes:
The World Bank has approved a USD 47 million project to support the Government of India’s Mission Karmayogi program.
The project will develop competency frameworks for Central Ministries, Departments and Agencies, developing an online training platform to deliver training content and evaluate the effectiveness of training. Mission Karmayogi is a national program to build civil service capacity.

Notes:
Indian Oil Corporation (IOC) launched M15 petrol on a pilot basis in Assam’s Tinsukia district. It has a 15 per cent blend of methanol with petrol.
Methanol is being manufactured by Assam Petrochemical Ltd near the Digboi refinery. The government had earlier extended the timeline for the disbursement of loans and completion of projects related to ethanol. The Government also provides financial assistance in the form of interest subvention.

Notes:
Sports journalism will step into its 100th year of existence in Assam. On July 1, 1923, the first ever sports news on football match from Sivasagar was published in the weekly magazine named ‘Asomiya’, published by Chandra Kumar Agarwalla.
The Assam Sports Journalists Association (ASJA) has decided to celebrate the occasion with a year-long programme.

Notes:
Union Bank becomes India’s first public sector bank to go live on Account Aggregator (AA) framework. AAs are licensed by the RBI to enable data flow between Financial Information Providers (FIPs) and Financial Information Users (FIUs).
The framework facilitates sharing of financial information on a real-time basis between regulated entities. Private sector banks like HDFC Bank, ICICI Bank, Axis Bank and Kotak Mahindra Bank are already live as FIPs and FIUs.

Notes:
The Central Board of Direct Taxes is headed by a Chairman and can have six members who are in the rank of Special Secretary. It is the administrative body for the Income Tax department. There are five members in the board at present.
Recently, IRS officer Sangeeta Singh has been given the additional charge of CBDT chairperson after incumbent JB Mohapatra retired as the head of CBDT.

Notes:
Coalition for Disaster Resilient Infrastructure (CDRI) hosted the International Conference on Disaster Resilient Infrastructure (ICDRI), in New Delhi, in both offline and online modes.
It is being hosted in collaboration with the United States government. The conference was attended by the Prime Ministers of India, Australia and Japan, as well as Presidents of Ghana and Madagascar. India launched the initiative on ‘Infrastructure for Resilient Island States’ at COP26 2021

Notes:
The Reserve Bank hiked the repo rate by 40 basis points (bps) to 4.40 per cent, after an unscheduled meeting of the Monetary Policy Committee (MPC) in May 2022. Next meeting of the MPC is scheduled during June 6-8.
All six members unanimously voted for a rate hike while maintaining the accommodative stance. The decision aimed to contain inflation, which remained above 6 per cent for the last three months. Cash reserve ratio was hiked by 50 bps to 4.5% effective May 21.

Notes:
Karnataka’s Forest Department had recommended ‘in principal approval’ of environmental clearance for various Jog Development Projects including a five-star hotel.
Regional Empowered Committee (REC) of the Environment Ministry sought additional clarifications on the project. It also sought to know if any environmental study has been conducted about the impact, and any precautionary measures have been taken in the proposed activities.

Notes:
The 24th Summer Deaflympics is being held in Caxias do Sul, Brazil from 1st May 2022. A strong Indian contingent of 65 athletes is participating in the Games.
Dhanush Srikanth clinched gold in the men’s 10m air rifle competition while Shourya Saini won bronze. India’s badminton team also won gold beating Japan 3-1 in the final.

Notes:
PM Mega Integrated Textile Regions and Apparel Park (PM MITRA) is being implemented by Union Ministry of Textiles.
PM MITRA Park creates an Integrated Textiles Value Chain at one location and will reduce logistics cost. A National Conference on PM Mega Integrated Textile Regions and Apparel Park (PM MITRA) Parks Scheme was organized by Ministry of Textiles. 13 State Governments presented plans for setting up of PM MITRA Parks in their respective states.