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:
The Ratle hydro-electric project is a project under construction on Chenab River in Kisthwar district in the Union Territory of Jammu and Kashmir.
After landslides hit the hydropower plant, 4 people died and over 15 people were injured. In 2021, the Union Cabinet gave its approval for the investment of Rs.5281.94 crore for 850 MW Ratle Hydro Electric (HE) Project.

Notes:
BSE Technologies, a subsidiary of BSE launched KYC Registration Agency (KRA), which maintains KYC records of investors in an electronic form.
KRA is a SEBI-regulated intermediary that grants authorisation for investors’ Know Your Client (KYC), to the market participants. Under the guidelines, KRAs need to independently validate records of the clients whose KYC has been completed using Aadhaar as an Officially Valid Document (OVD).

Notes:
The Ministry of Electronics and IT has approved the greenfield Electronics Manufacturing Cluster (EMC) to be set up in Ranjangaon Phase III, near Pune in Maharashtra.
The project cost of the Cluster is Rs 492.85 crores. There are EMCs in Noida, Tirupati, Karnataka and Tamil Nadu, where multi-national companies and Indian start-ups have set up their units.

Notes:
The International Open Access Week is celebrated around the world from 24 to 30 October. It is an annual initiative to promote open access (OA) in the academic and research world.
This year the motto is Open for Climate Justice and aims to raise awareness of how open access can be a means for climate justice. In India, CSIR-NIScPR is one of the largest Open Access publishers of India which publishes 15 Diamond Open Access scholarly journals. In 2022, the International Open Access Week, entered its fifteenth year of celebration.

Notes:
Union Minister of Commerce and Industry Piyush Goyal had a virtual meeting with his Australian counterpart.
The Meeting was held to discuss the status of ratification of IndAus ECTA (India-Australia Economic Cooperation and Trade Agreement), which was signed in April 2022. The pact’s early implementation was also deliberated upon.

Notes:
The Chhattisgarh government launched the ‘Shri Dhanwantri Generic Medical Store Scheme’ in October 2021.
It provides medicines at affordable rates to people based on the below-the-poverty line card, and is being implemented by the urban development department. Discounts of 50-70 per cent are offered on medicines, life-saving and expensive drugs and medical equipment.

Notes:
According to the US News and World Report, out of 85 nations, India has been ranked as the nation with the cheapest manufacturing cost ahead of China and Vietnam.
India has bagged the 31st position in the overall Best Countries ranking while it featured at the 37th spot in the ‘Open for Business’ category. In the overall Best Countries ranking, Switzerland has topped the chart, followed by Germany, Canada, US and Sweden.

Notes:
Renowned women’s rights activist Ela Bhatt, who is also the founder of SEWA (Self Employed Women’s Association), passed away recently.
SEWA was formed as a trade union of women working in the unorganized sector, which now has two million members. The 89-year-old, also a Padma Bhushan recipient, was a pioneer in the field of women empowerment and received international recognition.

Notes:
The Rising Sun Water Fest-2022 was held in the state of Meghalaya at Umiam Lake. The three day water sports and cultural fair was a first of its kind in the North East.
It is aimed at encouraging the youth of North East to take up water sports like Rowing and Sailing. It also aimed at promoting tourism in the North East. It was an initiative by the Indian Army’s Eastern Command with the governments of Assam and Meghalaya.