Current Affairs Quiz - September, 2022

Notes:
Hughes Communications India (HCI) in collaboration with the Indian Space Research Organization (ISRO) officially launched its first high throughput satellite (HTS) broadband internet service in the country.
Through the HTS technology, the company is already providing assistance to the Indian Army, and paramilitary forces along the Line of Actual Control (LAC) and other remote border outposts. High-throughput Satellite increases capacity while simultaneously reducing the cost per bit.

Notes:
The Jharkhand government approved a proposal for granting 77 per cent reservation in state government jobs for the members of the SC, ST, backward classes, OBC and economically weaker sections.
The state cabinet hiked the OBC reservation to 27 per cent from the present 14 per cent. The Hemant Soren-led government also approved to a proposal to use 1932 land records to determine who local inhabitants are.

Notes:
The Monetary Authority of Singapore (MAS) and the International Financial Services Centre Authority (IFSCA) signed a FinTech Co-operation Agreement to facilitate regulatory collaboration and partnership in FinTech.
The Monetary Authority of Singapore (MAS) is Singapore’s central bank and integrated financial regulator. The agreement includes ‘Regulatory Sandbox Collaboration’ and ‘Sharing of Information’.

Notes:
Jean-Luc Godard, one of the important figures of the French New Wave cinema, recently passed away at the age of 91.
He is said to have chosen to end his life through assisted suicide, a practice allowed under Switzerland law. Jean-Luc Godard is recognised as the one of the most influential directors in the history of cinema and he was awarded several prestigious awards including the Honorary Academy Award.

Notes:
The Foreign Trade Policy of India has been amended, under which international trade invoicing, payment and settlement will be allowed to be settled in the Indian Rupee.
The move has thus activated the mechanism of Reserve Bank of India to facilitate trade in the Indian currency.

Notes:
A Beijing-based gene firm successfully cloned a wild Arctic wolf for the first time in the world. The wild Arctic wolf is also called as the white wolf or polar wolf.
The animal is native to the High Arctic tundra of Canada’s Queen Elizabeth Islands. The cloning is regarded as a milestone achievement in conserving rare and endangered species. Maya’s donor cell came from skin sample of wild female Arctic wolf, while its oocyte came from a female dog. Maya’s surrogate mother is a beagle dog.

Notes:
As per recent data, as many as 1,703 Corporate Insolvency Resolution Processes (CIRPs) ended up in liquidation orders till June 2022. The processes took an average of 428 days for liquidation.
The Insolvency and Bankruptcy Board of India (IBBI) has amended regulations to allow sale of one or more assets of an entity undergoing insolvency resolution process. The amendments aim to provide better market-linked solutions for stressed companies.

Notes:
The 77th session of the United Nations General Assembly (UNGA 77) was inaugurated recently in New York followed by the High-Level Week
The UN General Assembly (UNGA) is the main policy-making organ of the United Nations. This year’s theme is ‘A watershed moment: transformative solutions to interlocking challenges’ with focus on crises such as COVID-19, climate change and conflict and need for solutions to build global sustainability and resilience.

Notes:
The Central government notified the Criminal Procedure (Identification) Bill, 2022, which would enable investigating Police Officers to collect the biometric details of prisoners.
The law was passed by the Parliament in April 2022. The law also empowers a magistrate to order the documenting of measurements or photographs of a person during the probe of an offence.

Notes:
As per the latest World Bank assessment, Sri Lanka ranks 5th in the highest food price inflation in the world. The list is led by Lebanon followed by Zimbabwe, Venezuela, and Turkey.
Sri Lanka’s inflation surged to 70.2 per cent in August from 66.7 per cent a month ago as the country is grappling with the worst economic crisis. According to official data, food prices have risen by 84.6 per cent. In mid-April, Sri Lanka declared its international debt default due to the forex crisis.