Current Affairs Quiz - May, 2023

Notes:
Tungnath temple is the country’s highest Shiva temple located in Rudraprayag, Uttarakhand.
An Archaeological Survey of India (ASI) study has found that Tungnath temple in Garhwal Himalayas is tilting 5 to 6 degrees and smaller structures in the complex by 10 degrees.

Notes:
The Insurance Regulatory and Development Authority (IRDAI) has relaxed norms for surety bonds to expand the surety insurance market.
Surety bond is a type of insurance policy that protects the party involved in a transaction or contract from potential financial loss caused by the breach of contract or other types of non-performance.

Notes:
Minister of State for Parliamentary Affairs and Culture Arjun Ram Meghwal has been assigned the independent charge as Minister of State in the Ministry of Law and Justice in addition to his existing portfolios.
Mr Meghwal will replace Union Minister Kiren Rijiju, who will now hold the portfolio of Ministry of Earth Sciences. Prof. S.P. Singh Baghel has been assigned as Minister of State in the Health and Family Welfare Ministry.

Notes:
The 49th G7 summit was recently held from 19 to 21 May 2023 in Hiroshima, Hiroshima Prefecture, Japan.
The grouping issued a special “Hiroshima Vision Statement on Nuclear Disarmament”. The G-7 members issued a separate statement on Ukraine, hitting Russia with more sanctions.

Notes:
The Union Finance Ministry has implemented an amnesty scheme for traders who have defaulted on their export obligations under the Advance and EPCG (export promotion for capital goods) authorization scheme.
According to the amnesty scheme, EXIM traders who have not fulfilled their export obligations can rectify the situation by paying customs duty and interest, up to a maximum limit of 100%.

Notes:
The Open Network for Digital Commerce (ONDC) is an interoperable network based on the BeckN protocol that enables platforms of different configurations to seamlessly connect and operate on it. It is expected to play a pivotal role in India’s digital commerce ecosystem.

Notes:
The arrival of Africa plume heatwave in the UK is expected to cause extreme heatwave conditions in the country.
African plume heatwave is the meteorological phenomena that is marked the mass of hot air coming from the Sahara Desert towards Europe.

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.

Notes:
BL Lacertae (BL Lac) is a blazar situated some 950 million light years away from Earth.
The Indian Astronomical Observatory located in Hanle of Ladakh has collaborated with 10 other global telescopes to observe the brightening of this blazar.

Notes:
Garden Reach Shipbuilders and Engineers (GRSE) launched GRSE Accelerated Innovation Nurturing Scheme – 2023 or GAINS 2023 in Kolkata.
It aims to encourage startups to develop innovative solutions towards technological advances in shipbuilding. Its focus areas include AI, renewable energy and energy efficiency.