Current Affairs Quiz - November, 2022

Notes:
Under section 45ZN of the RBI Act, the central bank is required to submit a report to the government explaining the reasons and remedial actions it would take, in case of failure to maintain its inflation target for three consecutive quarters.
For the first time since the implementation of the monetary policy framework in 2016, the central bank has called a special meeting of the Monetary Policy Committee (MPC). It will submit a report to the government, as the retail inflation rate is above six per cent target for three consecutive quarters from January 2022.

Notes:
Luiz Inácio Lula da Silva has won Brazil’s presidential election by a small margin of 2 million votes thereby defeating incumbent Jair Bolsonaro.
Although the Left-wing former leader Lula wins presidency, incumbent far-right contender Jair Bolsonaro has not conceded his defeat yet. The election marked the first time that the sitting president failed to win re-election.

Notes:
Indian Agriculture Research Institute has successfully tested two new dwarf varieties: Pusa Narendra Kalanamak 1638 and Pusa Narendra Kalanamak 1652, in Uttar Pradesh.
Kalanamak, a traditional variety of paddy with a black husk and a strong fragrance. It is considered a gift from Lord Buddha to the people of the Sravasti. It is grown in 11 districts of the Terai region of Uttar Pradesh and in Nepal. The crop was affected by ‘lodging’ condition, while the new dwarf variety seeks to give double the yield.

Notes:
Union Minister of Chemicals and Fertilizers Dr. Mansukh Mandaviya inaugurated the India Chem 2022 at Pragati Maidan, New Delhi with the theme ‘Vision 2030: Chemicals and Petrochemicals Build India’.
The 12th edition of INDIA CHEM was organised in association with the Federation of Indian Chambers of Commerce and Industry (FICCI). India’s export of chemicals for 2021-22 has hit a record at USD 29,296 Million.

Notes:
China recently launched a lab module called Mengtian to be part of its space station currently under construction.
The second lab component was launched by Long March-5B Y4 and will be used for studying microgravity and carrying out experiments in fluid physics, materials science, combustion science and fundamental physics. Wentian lab which was sent earlier focused on biological and space life sciences.

Notes:
Uttar Pradesh’s Ranipur Tiger Reserve has become the 53rd tiger reserve of India. The tiger reserve is spread across over 529.36 sq km.
It is also the fourth tiger reserve in Uttar Pradesh and the three other tiger reserves being Dudhwa, Pilibhit and Amangarh. Ranipur tiger reserve is covered by northern tropical dry deciduous forests and is home to mammals like megafauna tiger, leopard, bear, spotted deer, sambhar, chinkara among others.

Notes:
The Kerala state government launched a digital resurvey of Kerala on its 66th Formation Day of November 1.
The survey aims to ensure speedy delivery of all land-related services to the people. The government decided to start a digital survey “ente bhumi (my land)” and aims to complete the task in four years, using the latest survey equipment such as Real Time Kinematic (RTK) Rover and Robotic Total Station.

Notes:
Gross Goods and Services Tax (GST) collections rose to Rs 1,51,718 crore for October, for sales in September.
This the second highest level since the roll-out of the indirect tax regime in July 2017, after April 2022, as per the data released by the Finance Ministry. Monthly GST revenues have been above the Rs 1.4 lakh crore mark for the last eight months in a row.

Notes:
The Central Vigilance Commission (CVC) observes Vigilance Awareness Week every year to spread the message of integrity in all spheres of life.
Prime Minister Narendra Modi recently launched the new Complaint Management System portal of the Central Vigilance Commission (CVC). He also released the booklets on ‘Ethics and Good Practices’; Compilation of best practices on ‘Preventive Vigilance’ and a Special issue ‘VIGEYE-VANI’ on public procurement.

Notes:
Madhya Pradesh Chief Minister Shivraj Singh Chouhan launched the state government’s flagship ‘Ladli Laxmi 2.0’ financial assistance scheme.
The scheme aims to encourage girls to pursue higher education and make them independent. The state had launched the ‘Ladli Laxmi’ scheme in 2007, to provide monetary benefits to the eligible girl children to ensure they get good education.