Current Affairs Quiz - September, 2022

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:
The Prime Minister’s Employment Generation Programme (PMEGP) is a flagship scheme of the Ministry of MSME.
Khadi and Village Industries Commission (KVIC) recently inaugurated 72 Units assisted under PMEGP and Disbursed Margin Money Subsidy to 720 PMEGP Beneficiaries. KVIC is the nodal Agency at the national level to implement this credit linked subsidy scheme.

Notes:
Railways Minister Ashwini Vaishnaw launched the Swachhta Pakhwara 2022 and released the Annual report on Environment Sustainability 2020-21.
The report is a comprehensive document highlighting the steps taken by Railways to promote green and clean energy. This report brings out the efforts of Railways Ministry towards net zero emission.

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 Film Federation of India has announced the Gujarati film, Chhello Show as India’s official entry to the Oscars 2023.
The film, which is titled Last Film Show in English, has been selected in the Best International Feature Film category. Chhello Show revolves around a 9-year-old boy who resides in a remote village in India and his love affair with cinema. The film is directed by Pan Nalin.

Notes:
India’s Presidency of the prestigious Asia-pacific Institute of Broadcasting Development, AIBD has been extended for one more year.
This was decided by the AIBD member countries at the two-day General Conference held in New Delhi. At present, CEO of Prasar Bharati and Director General of Doordarshan- Mayank Kumar Agrawal is the President of AIBD.  Malaysia-based AIBD was established in 1977 as a regional inter-governmental organisation of UN-ESCAP.

Notes:
Indian IT major Wipro has terminated the services of 300 employees, who were found to be working for its competitors simultaneously.
The act is also called as ‘Moonlighting’. Companies worry that this practice might create a conflict of interests, data breaches, and mis-use of company’s Intellectual Property (IP) and assets.

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 Principal Scientific Adviser to the Government of India, Professor Ajay Sood, and British High Commissioner unveiled the book titled ‘She Is–Women in STEAM’.
The book honours 75 women in STEAM (fields of Science, Technology, Engineering, Arts, and Mathematics). It is supported by the Office of the Principal Scientific Adviser to the Government of India, FICCI FLO, and British High Commission of India.

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.