Current Affairs Quiz - May, 2023

Notes:
The 6th Indian Ocean Conference (IOC) is being organized to bring together states and principal maritime partners of the region to discuss the prospects of regional cooperation for Security And Growth for All in the Region (SAGAR).
It is being held in Dhaka, Bangladesh. The Indian Ocean Conference (IOC) was started in 2016.

Notes:
AT2021lwx is the largest cosmic explosion to be ever observed. It was observed by a group of astronomers led by the University of Southampton.
The explosion is said to be ten times brighter than any known supernova, the explosions that occur as massive stars die.

Notes:
NVS-01 Satellite is set to be launched by ISRO on May 29. It is a navigation satellite that will be launched aboard the GSLV Mk-II.
It aims to augment the seven-satellite navigation constellation NavIC. The NVS-01 satellite will replace the navigational capabilities of another satellite IRNSS-1G in the constellation. It will retain its communication and messaging capabilities.

Notes:
World Tourism Organization is a specialized agency of the United Nations. According to the second UNWTO World Tourism Barometer of the year, international tourism is rebounding to pre-pandemic levels.
Around 235 million tourists travelled internationally in the first three months of 2023. Overall, international arrivals reached 80% of pre-pandemic levels in the first quarter of 2023.

Notes:
The ‘Spring 2023 Economic Forecast’ was released recently by the European Commission. It revised the 2023-24 growth outlook of 20 countries with the Euro as their currency to 1.1 percent from the previous estimate of 0.9 percent.
As per the report, lower energy prices, abating supply constraints and a strong labour market supported moderate growth in the first quarter of 2023.

Notes:
A report titled “Turning off the Tap: How the world can end plastic pollution and create a circular economy” was released recently by UNEP.
According to this report, global plastic pollution can be reduced by 80% by 2040 if deep policy and market shifts are achieved using existing technologies and shift to circular economy.

Notes:
The Ministry of Heavy Industry is planning to increase the outlay for the FAME-II (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles in India) scheme this financial year.
The Ministry recently held a stakeholder consultation with e2-W manufacturers to deliberate the proposed changes to the scheme.

Notes:
Mukhyamantri Sikho Kamao Yojana (Chief Minister Learn and Earn Scheme) was approved by the Madhya Pradesh Cabinet.
Youth who have passed class 12, ITI, UG and PG are eligible for this scheme. The scheme will provide stipend to the youths along with training, skill upgradation will boost their employment opportunities and pave way for a better way of earning.

Notes:
The Central Government has recently revamped the rules governing the approval for mergers and acquisitions (M&As) of startups and MSMEs.
The aim of the new rules is to simplify the M&A process to enable the securing of approval within 15 to 60 days, as per a  Corporate affairs ministry (MCA) notification.

Notes:
To help investors make better decisions, the Securities and Exchange Board of India (SEBI) has announced a risk disclosure framework for individual traders in the equity Futures & Options (F&O) segment.
Starting from July 1, all stock brokers will be required to display risk disclosures on their websites and inform their clients accordingly.