Current Affairs Quiz - September, 2022

Notes:
Company Law Tribunal (NCLT) recently approved the merger of Exide Life Insurance with HDFC Life Insurance.
Earlier this year, HDFC Life had announced acquisition of 100 per cent stake in Exide Life from its parent Exide Industries. The amalgamation is subject to the final approval of the Insurance Regulatory and Development Authority of India (IRDAI).

Notes:
Regulatory technology (Regtech) is a new technology which uses information technology to enhance regulatory and compliance processes.
SEBI Chairperson Madhabi Puri Buch recently launched Federation of Indian Chambers of Commerce & Industry’s (FICCI) initiative to strengthen compliance with a tech-based solution. It is supported by a regulatory technology (Regtech) solutions company. It allows tracking of over 2,000 SEBI compliances and auto-generation of select SEBI disclosures.

Notes:
World Bamboo Day is celebrated every year on 18 September to raise awareness about the bamboo industry.
According to the World Bamboo organization, World Bamboo Day intends to highlight its sustainable utilization, and aims to promote its local and traditional uses. Bamboos are the fastest growing plant in the world, with species growing as much as 30 cm each day.

Notes:
The Indian Council of Agriculture Research (ICAR) has entered into an agreement with Biovet Private Ltd. for the commercial production of the indigenous vaccine of Lumpy Skin Disease (LSD) called ‘Lumpi-ProVacind’.
The agreement for transfer of technology is the first of the series of tie-ups that Agrinnovate are set to tie-up for grant of non-exclusive license of ‘Lumpi-ProVacind’. Agrinnovate is the commercial arm of ICAR.

Notes:
Kazakhstan’s President Kassym-Jomart Tokayev has signed a law limiting presidential terms and reverting to the old name of the country’s capital to Astana.
The bill extends presidential mandates to a seven-year term, from five. It also bars any president from running for a second term in office. The bill also reinstated the capital’s name to Astana, whose name was changed to Nur-Sultan in 2019, in honour of outgoing President Nursultan Nazarbayev.

Notes:
‘International Day of Peace’ is observed on September 21 around the world. United Nations General Assembly observes 24 hours of non-violence and cease-fire on the day.
The theme for the International Day of Peace 2022 is ‘End racism. Build peace’. The day will be dedicated to the aim of making a world free of racism and racial discrimination.

Notes:
Prime Minister Narendra Modi received a copy of the Braille version of the Assamese Dictionary ‘Hemkosh’.
Hemkosh was among the earliest Assamese dictionaries dating back to the 19th century. Hemkosh is the first etymological dictionary of Assamese language based on Sanskrit spellings. It was compiled by Hemchandra Barua.

Notes:
The Gujarat Legislative Assembly unanimously withdrew the controversial Gujarat Cattle Control (Keeping and Moving) in Urban Areas Bill, 2022.
The cattle-rearers warned the State authorities that they would stop supplying milk to dairies. The Bill aimed at prohibiting the movement of stray cattle on roads and public places in urban areas of the State.

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.

Notes:
Central Public Sector Enterprise- REC Limited, formerly called as the Rural Electrification Corporation has been accorded the ‘Maharatna’ status.
An order to this effect was issued by the Department of Public Enterprises, under the Ministry of Finance. REC is a Non-banking Finance Company which focuses on Power Sector Financing and Development across India. With the grant of ‘Maharatna’ status, REC can also enter into technology Joint Ventures or other strategic alliances.