Current Affairs Quiz - May, 2023

Notes:
The World Bank recently announced the Business Ready(B-READY) project as a replacement for the Doing Business rankings, which was cancelled two years ago.
The pilot edition of the series will be published in the spring of 2024, covering 54 economies. Business Ready focuses on 10 topics covering the lifecycle of a firm.

Notes:
The StarBerrySense payload is a low-star sensor developed from off-the-shelf components by the Indian Institute of Astrophysics. It was successfully tested recently on board the PSLV C-55.
In its first space test, the sensor, which is mounted on the PSLV Orbital Experimental Module (POEM), is performing well, as per the Department of Space.

Notes:
The Stone of Scone, also referred to as the Stone of Destiny, is a red sandstone slab weighing 150kg. This stone has been a sacred and significant symbol of Scotland’s monarchy and national identity.
It was moved recently from Scotland’s Edinburgh Castle to London in preparation for King Charles III’s coronation.

Notes:
‘UPAJ: A festival of Innovation in Arts’ was launched on World Intellectual Property Day, which is observed on April 26 in NITI Aayog, New Delhi.
It provided the platform for the artistic expression and promoting innovation in the art field.  The UPAJ festival is planned for the first week of July when the G20 Startup20 summit meeting is planned.

Notes:
Legal Entity Identifier is a unique 20-character global identifier for legal entities taking part in financial transactions.
The SEBI has introduced LEI for issuers that are planning to list or has already listed non-convertible securities, securitized debt instruments and security receipts.

Notes:
Penumbral lunar eclipse occurred on May 5, 2023. It happens when the Moon moves through the outer part of the Earth’s shadow, resulting in the Moon appearing slightly darker than usual.
Among several penumbral lunar eclipses in 2023, the first penumbral lunar eclipse of 2023 is the one which occurred recently.

Notes:
The MV-ITT LION (V-273) was flagged off recently from Kolkata. It is the inaugural cargo ship to the Sittwe Port of Myanmar.
The port was built with India’s assistance under the Kaladan Multimodal Transit Transport Project (KMTTP).

Notes:
The Indian government has expanded the scope of the Prevention of Money Laundering Act (PMLA), 2002 to include company establishment, property acquisition, and financial transactions carried out by chartered accountants, company secretaries, and cost and works accountants on behalf of their clients.
These professionals will be responsible for examining clients’ sources of funds, ownership, and financial position, as well as recording the purpose of specified transactions. They will be held accountable under the PMLA if they assist in any transactions that violate the law.

Notes:
Cryosat is an European Space Agency (ESA) Earth observer that carries an instrument called a radar altimeter to study the variations in height among the planet’s surface and the changes in ice fields.
It has tracked 200,000 or so glaciers and revealed that they have lost 2,720 billion tonnes of ice in a decade because of climate change.

Notes:
Russia accused Ukraine of attempting to conduct drone attacks targeting Kremlin to assassinate President Vladimir Putin. Currently, there are around 20 kremlins across Russia. The most important popular one is in Moscow.
The name kremlin means ‘fortress inside a city’, and is often also used to refer to the Russian government.