Current Affairs Quiz - September, 2022

Notes:
The Reserve Bank of India has asked Urban Cooperative Banks (UCBs) with deposits above Rs 10,000 crore to appoint a chief compliance officer (CCO) by April 01, 2023.
This decision aims to improve corporate governance in these banks, which are categorised as tier-4 entities. For tier-3 banks with deposits above Rs 1,000 crore and less than Rs 10,000 crore, deadline to appoint CCO is till October 01, 2023. For UCBs under tier-1 (with deposits up to Rs 100 crore) and tier-2 (with deposits more than Rs 100 crore and up to Rs 1,000 crore) the existing norms will continue.

Notes:
Indian Naval Ship Ajay (P34) was decommissioned recently after 32 years of distinguished services to the nation. The decommissioning ceremony was held at Mumbai’s Naval Dockyard.
INS Ajay was an Abhay class anti-submarine warfare corvette of Western Naval Command. The ship was commissioned on January 24, 1990. It was posted on various deployments including Operation Talwar during the Kargil War in 1999 and Operation Parakram in 2001.

Notes:
Google Cloud has launched the first cohort of the computing foundations with Kubernetes course in collaboration with FutureSkills Prime.
It is a digital skilling initiative launched by the Union Ministry of Electronics and IT and NASSCOM. The beginner-level course aims to provide participants an opportunity to experience cloud computing, cloud basics, big data and machine learning (ML).

Notes:
The Agriculture and Farmers Welfare Ministry released ‘First advance estimates of production of major Kharif crops’.
As per the first advance estimates, foodgrain production of 149.92 million tonnes estimated in Kharif Season of 2022-23. Total production of sugarcane in the country during 2022-23 is estimated at record 465.05 million tonnes.

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:
Ministry of Agriculture and Farmers Welfare and Ministry of Food Processing Industries jointly launched a Convergence Portal between Agriculture Infrastructure Fund (AIF), Pradhan Mantri Formalisation of Micro Food Processing Enterprises scheme and Pradhan Mantri Kisan Sampada Yojana.
The eligible beneficiaries under PMFME and PMKSY Schemes would be able to avail an additional benefit of Interest Subvention at 3% on the interest rate being charged by the banks. This is in addition to the 35% subsidy being provided under the PMFME Scheme.

Notes:
Union Cabinet approves modifications in “Programme for Development of Semiconductors and Display Manufacturing Ecosystem in India”.
Under modified scheme, a uniform fiscal support of 50% of project cost shall be provided across all technology nodes for setting up of semiconductor fabs. This is in addition to incentives of over ₹76,000 crore, or about USD 10 billion, were announced by the government in December 2021.

Notes:
Amazon announced its first solar project in India with three new solar farms in Rajasthan, with a combined energy capacity of 420 megawatts (MW).
Amazon aims to use 100% renewable energy across its business by 2025. The Indian project includes a 210-MW project to be developed by ReNew Power, a 100-MW project to be developed by Amp Energy India, and a 110-MW project to be developed by Brookfield Renewable Partners.

Notes:
The Breakthrough Prizes was created in 2010 by a group of Silicon Valley entrepreneurs, including a venture capitalist Milner, Mark Zuckerberg and his wife, Priscilla Chan, of Facebook and Sergey Brin of Google.
The 2023 winners of the Breakthrough Prizes, also known as the ‘Oscars of Science’ were announced recently in the life sciences category, one for mathematics and one for physics. The winners will split a total of more than USD 15 million.

Notes:
India’s Public sector lender UCO Bank is the first bank to receive the Reserve Bank of India’s (RBI’s) approval for rupee trade.
The Kolkata-based bank will open a special vostro account with Gazprombank of Russia for trade settlement in Indian rupees. In July, RBI announced its decision to allow Indian banks to settle trade in Indian currency in July. RBI also allowed trade settlements between India and other countries, including Sri Lanka and Russia.