Current Affairs Quiz - November, 2022

Notes:
The Central Board of Direct Taxes (CBDT) has invited stakeholder comments on the proposed new common ITR form.
At present, taxpayers are required to furnish their Income-tax Returns in various forms including ITR-1 to ITR-7 depending upon the type of person and nature of income.  The draft proposes to introduce a common ITR by merging all the existing returns of income except ITR-7.

Notes:
India presented a cheque of USD 2.5 million to the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA).
This is the second tranche of the pledged USD 5 million annual support, to serve the schools, health centres and other basic services run by the organisation to support Palestinian refugees.

Notes:
HDFC ERGO has launched first-of-its-kind satellite index-based Farm Yield Insurance Policy for farmers.
The satellite-based index will be used to provide localized farm level coverage and it will provide comprehensive cover across the crop life cycle from sowing to harvesting, basis satellite-based data.

Notes:
The Defence Research & Development Organisation (DRDO) conducted a successful maiden flight-test of Phase-II Ballistic Missile Defence (BMD) interceptor AD-1 missile.
The missile was tested with large kill altitude bracket from APJ Abdul Kalam Island off the coast of Odisha. The AD-1 is a long-range interceptor missile designed for both low exo-atmospheric and endo-atmospheric interception of long-range ballistic missiles as well as aircraft.

Notes:
Uttar Pradesh Cabinet gave its nod to the state’s new ‘Investment and Employment Promotion Policy, 2022’.
The new policy categorises investments into four major categories – Large, Mega, Super Mega and Ultra Mega. The new policy will provide attractive incentives for the development of private industrial parks.

Notes:
Adani New Industries has installed India’s largest Wind Turbine Generator (WTG) at Mundra in Gujarat. The turbine is said to be taller than Statue of Unity (182 meters).
The turbine has been installed by Mundra Windtech Ltd (MWL), a wholly-owned subsidiary incorporated by Adani Enterprises Ltd (AEL).

Notes:
As per the 2022 WTW Global Gender Wealth Equity report, women will have 74 per cent of the wealth accumulated by men, when they retire.
In Asia-Pacific (APAC), India had the worst gender wealth gap (64 per cent), more than the global average. A major factor for this is India’s gender pay gap for professional and technical roles. Another factor is that opportunities for women in leadership positions are limited, with only 3 per cent of women in workforce at senior positions.

Notes:
India’s defunct Radar Imaging Satellite-2 (RISAT-2) re-entered the earth atmosphere in an uncontrolled manner and hit the Indian Ocean near Jakarta.
The re-entry of the satellite was monitored by Indian Space Research Organisation (ISRO) with the Multi Object Tracking Radar (MTOR) at the Sriharikota rocket port. The 300 kg RISAT-2 surveillance satellite was launched in April 2009, using the Polar Satellite Launch Vehicle (PSLV), with a design life of four years.

Notes:
The ‘International Day for Preventing the Exploitation of the Environment in War and Armed Conflict’ is observed every year on November 6.
In 2001, the UN General Assembly declared 6 November of each year as the International Day. In 2016, the United Nations Environment Assembly adopted resolution which recognized the role of healthy ecosystems and sustainably managed resources in reducing the risk of armed conflict.

Notes:
The Department of Economic Affairs (DEA), Ministry of Finance has notified the ‘Scheme for Financial Support for Project Development Expenses of PPP Projects’ – India Infrastructure Project Development Fund Scheme (IIPDF Scheme).
As a Central Sector Scheme, the IIPDF Scheme will aid development of quality PPP projects by providing necessary funding support to the project sponsoring authorities.