Current Affairs Quiz - September, 2022

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:
As many as 8 Cheetahs have been brought from Namibia and are being introduced in India under Project Cheetah.
It is the world’s first inter-continental large wild carnivore translocation project and Rehabilitation Project. Out of the eight Cheetahs there are five female and three male, as per the Cheetah Mitras and Cheetah Rehabilitation Management Group.

Notes:
India and Egypt have agreed to identify proposals for expanding cooperation between defence industries of the two countries.
Defence Minister Rajnath Singh held bilateral talks with his Egyptian counterpart in Cairo. They signed a MoU on cooperation in the field of defence for enhancing defence cooperation across all sectors of mutual interest. The Egyptian Defence Minister was invited to India-Africa Defence Dialogue and IOR Defence Ministers’ Conclave to be held as part of Defence Expo in Gandhinagar.

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 Assam government signed two MoUs with Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) and SIDBI Venture Capital Fund to revamp MSME sector in the state.
The agreements were signed at MSME conclave held in Guwahati. The agreement with CGTMSE aims to provide additional guarantee coverage for the loans given to Micro and Small Units in Assam. SIDBI Venture Capital Fund shall work as Investment Manager for the proposed Assam Start-up Venture Capital Fund.

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:
The Indian Army and the Defence Geo-informatics and Research Establishment (DGRE) have jointly installed India’s first Avalanche Monitoring Radar in north Sikkim.
The avalanche radar was made operational by Defence Research and Development Organisation’s wing DGRE. The radar can also be employed to detect landslides, besides being used for detection of avalanches.

Notes:
The World Bank has approved a USD 350 million loan to Gujarat for spending towards public healthcare services, focussed specially on adolescent girls and disease surveillance.
The funding from World Bank arm International Bank of Reconstruction and Development (IBRD), will be utilised through the state government’s Systems Reform Endeavours For Transformed Health Achievement In Gujarat (SRESTHA-G) Programme.

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.