Current Affairs Quiz - November, 2022

Notes:
The fourth edition of the Bangladesh Film Festival is being hosted in Kolkata. 37 films and documentaries from Bangladesh will be screened at the five-day event.
This will be the fourth year, that the Bangladesh Film Festival is being organised in Kolkata. The Cultural Events like book fairs and film festivals strengthen the bond between India and Bangladesh as well as West Bengal and Bangladesh.

Notes:
Meghalaya government signed an MoU with the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGFTMSE), to facilitate flow of credit to the MSE sector.
The MoU was signed CGTMSE under the Union Ministry of MSME to implement the ‘Meghalaya Credit Guarantee Scheme’. Currently, loans taken by MSME borrowers are covered under CGTMSE against a risk coverage of 75 per cent of the loan amount under various MSME schemes.

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:
‘Permacrisis’, a term that describes ‘an extended period of instability and insecurity’, has been named Word of the Year 2022 by Collins dictionary
The word relates to the challenges posed by climate change, the war in Europe, a cost-of-living crisis and political chaos. It was first used in academic contexts in the 1970s. In 2020, Collins picked “lockdown” as its word of the year and last year, it opted for “NFT- Non-fungible token”.

Notes:
The Supreme Court recently upheld the Employees’ Pension (Amendment) Scheme, 2014 as ‘legal and valid’, while it quashed the salary limit of Rs 15000.
The 2014 amendment capped the maximum pensionable salary (basic pay plus dearness allowance) at Rs 15,000 per month. Prior to the amendment, the maximum pensionable salary was capped at Rs 6,500 a month.

Notes:
The US Embassy and Treasury selected the municipal bond issued by the Vadodara Municipal Corporation for a case study on successful listing.
It also cited the bond as a benchmark for other civic bodies who are set to enter stock exchanges. US Embassy launched a book titled ‘All About Municipal Bond’ in New Delhi and VMC’s case study is a part of the book. VMC listed a five-year Rs 100 crore bond at the Bombay Stock Exchange (BSE).

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.

Notes:
The Indian Prime Minister launched the logo, theme and website for the Indian G-20 Presidency. The G20 Logo draws inspiration from the colours of India’s national flag. The Earth reflects India’s pro-planet approach to life and below the G20 logo is ‘Bharat’.
The logo has various components from an open competition held through myGov portal. The theme of India’s G20 Presidency  is “Vasudhaiva Kutumbakam” or “One Earth One Family One Future”. It is drawn from the ancient Sanskrit text of the Maha Upanishad.

Notes:
The Ministry of Health maintains `Sugam’, an index of drug licenses issued to companies by state FDAs.
The government is setting up a comprehensive database of drug formulations manufactured and marketed in the country. This is a corrective action to address the issue of quality monitoring and regulatory policing, after the deaths of kids in Gambia on consumption of India-made medicines.

Notes:
The World Meteorological Organization (WMO) released the ‘Executive Action Plan of Early Warnings for All’during a roundtable meeting at the 27th Conference of Parties (COP27) to the United Nations Framework Convention on Climate Change.
As per the WMO, the initial investment for delivering early warning systems for all by 2027 will be nearly USD 3.1 billion.