Current Affairs Quiz - November, 2022

Notes:
Ministry of Defence, Government of India, has approved to set up the ‘DRDO Industry Academia-Centre of Excellence’ (DIA-CoE) at Indian Institute of Technology Roorkee (IIT Roorkee).
The Facility will receive financial assistance from the DRDO, Government of India. Key research areas include, Smart Infrastructure and Hardened Structures for Defence Applications, Energy Storage Devices, Landslide, Snow, and Avalanche Studies, Pulsed Laser and Specialty Fiber, among others.

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:
Indian shooters ended the ISSF World Championships campaign with the best-ever record of 38 medals, which placed India second in the tally after China.
The rifle/pistol competitions were held at Egyptian capital Cairo while shotgun competitions were held at Osijek, Croatia. In the previous world championships in Changwon, Korea in 2018, Indian squad finished with 27 medals. India also bagged three 2024 Paris Olympic quotas, this time.

Notes:
The Doda district of Jammu and Kashmir has organised ‘Chenab White Water Rafting Festival’ under ‘Back to Village Phase-4’.
More than 1,000 people especially the youth attended the event held in the Shibnote area of the Jammu and Kashmir. The festival has been started to promote adventure tourism round the year in Doda district.

Notes:
The Indian Government has decided to grant Indian citizenship to Hindus, Sikhs, Buddhists, Jains, Parsis and Christians coming from Afghanistan, Bangladesh and Pakistan and currently living in two districts of Gujarat under the Citizenship Act, 1955.
The move to grant citizenship comes under the Citizenship Act, 1955 and not the controversial Citizenship Amendment Act, 2019 (CAA).

Notes:
The Indian Veterinary Research Institute (IVRI) has demanded a ban on using aceclofenac in cattle. This was announced after a new research found that this drug metabolizes into diclofenac in water buffaloes as well as in cows. Such metabolisms pose a threat to vulture populations in the country.
Diclofenac, an anti-inflammatory drug, was banned for veterinary use by the Government of India in 2006, after decline of vulture population.

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:
India Post Payments Bank (IPPB) set up under the Ministry of Communication, conducted India’s First Floating Financial Literacy Camp.
IPPB, in collaboration with Investor Education and Protection Fund Authority (IEPFA) under the aegis of Ministry of Corporate Affairs (MCA), launched the initiative called ‘Niveshak Didi’ to promote Financial Literacy “By the women, for the women” concept.

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.