Current Affairs Quiz - September, 2022

Notes:
As per the Chainalysis 2022 Global Crypto Adoption report, India stands fourth in Global Crypto Adoption Index 2022.
For the second consecutive year, Vietnam is ranked first in cryptocurrency adoption and India stood at 4th place with an index score of 0.663.  United States (US) has moved up to fifth while China re-entered the top ten of the index despite its ban on all crypto currency trading.

Notes:
Tropical Cyclone Fiona strengthened into a hurricane as it hit Puerto Rico, a Caribbean island and unincorporated U.S. territory.
The National Weather Service warned that the Blanco River in the southeast coastal town of Naguabo had surpassed its banks and urged people living nearby to move immediately.

Notes:
Poland has recently opened a new canal for ships to sail from Baltic Sea to Vistula Lagoon ports. The waterway is expected to give full sovereignty in the northeastern region of Poland.
The new canal would also mean that ships no longer must secure Russia’s permission to sail from the Baltic Sea to the ports of the Vistula Lagoon.

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:
Global Fintech Fest is being organized by the National Payments Corporation of India (NPCI), the Payments Council of India (PCI) and the Fintech Convergence Council (FCC).
It was attended by Union Finance Minister Nirmala Sitharaman and RBI Governor Shaktikanta Das. The Finance Minister called upon fintech industry to take advantage of opportunities in green finance for building a sustainable financial environment.

Notes:
The Asian Development Bank (ADB) has recently released a supplement to its Asian Development Outlook (ADO).
As per the report, the 2022-23 growth projection for India’s economy was slashed to 7% from 7.5% estimated in April. The report says that India’s inflation has turned out to be more persistent than expected, and led to a sharp tightening in monetary policy, eroding consumers’ purchasing power.

Notes:
The Food Safety and Standards Authority of India (FSSAI) has released draft notification on ‘Indian Nutrition Rating’
The country’s apex food regulator released notification, which requires the pre-packaged food to carry a star graphic ranging for 0 to 5, next to the brand name. This front-of-pack labelling aims to discourage consumers from buying packaged food high in sugar, salt, and fat.

Notes:
The National Payments Corporation of India (NPCI) has reappointed Dilip Asbe as the Managing Director and Chief Executive Officer (MD & CEO) of the company for a period of five years.
Dilip Asbe took over as MD&CEO of NPCI in January 2018. NPCI is an umbrella organisation for operating retail payments and settlement systems in India.

Notes:
The Supreme Court appointed former Supreme Court Judge Justice L Nageswara Rao for amending constitution of Indian Olympic Association and preparing Electoral College.
The International Olympic Committee (IOC) issued a warning to IOA to resolve its governance issues and hold elections by December, failing which the world sports body will ban India.

Notes:
Ageas Federal Life Insurance (AFLI) has become the first life insurance company in India to have a 74% stake held by a foreign partner.
Belgium-based Ageas Insurance International recently completed the acquisition of the 25% stake in the life insurance joint venture (JV) from IDBI Bank. With this, shareholding of Ageas in the JV rose to 74% from the earlier-held 49%. Federal Bank continues to hold a 26% stake in the life insurer, while IDBI Bank exited as a shareholder.