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:
National Human Rights Commission (NHRC) Chairperson, retired Justice Arun Kumar Mishra has been elected as a member of the Governance Committee of the Asia Pacific Forum (APF).
He has also been elected as a member of the Global Alliance of National Human Rights Institutions (GANHRI) Bureau. The GANHRI is one of the world’s largest human rights networks.

Notes:
The Central government notified the Criminal Procedure (Identification) Bill, 2022, which would enable investigating Police Officers to collect the biometric details of prisoners.
The law was passed by the Parliament in April 2022. The law also empowers a magistrate to order the documenting of measurements or photographs of a person during the probe of an offence.

Notes:
Defence Accounts Department (DAD) signed a memorandum of understanding with Bank of Baroda and HDFC Bank, to onboard them as Service Centres under the System for Pension Administration (SPARSH) initiative.
The MoU will onboard around 8000 branches of Bank of Baroda and 6000 branches of HDFC Bank as Service Centres to provide last mile connectivity to pensioners.

Notes:
As per Commerce Ministry’s notification, India has set up a new ‘Exports Promotion Council for Medical Devices’.
The council will be under the department of pharmaceuticals and will be headquartered in Noida and will have offices in Andhra Pradesh and Telangana. The council will help exporters in promoting their products in international markets. India exported Rs. 23,766 crore of medical devices in 2021-22.

Notes:
‘Nehru Yuva Kendra Sangathan’ is an autonomous organization under Union Ministry of Youth Affairs and Sports.
Union Youth Affairs and Sports Minister Anurag Thakur launched a capacity building training programme for 14,000 youth volunteers of Nehru Yuva Kendra Sangathan. The Online Training Programme is aimed at enhancing the life skills of Youth volunteers so that they can effectively contribute towards national development.

Notes:
The Union Government has formed a five-member committee to consider a legally enforceable mechanism for regulating the marketing practices of pharmaceutical firms.
It is chaired by V K Paul, member (health) of NITI Aayog. At present, the publicity and promotion made by pharma companies is supervised under Uniform Code of Pharmaceutical Marketing Practices (UCPMP), the Indian Medical Council Regulations, 2002, and by the Central Board of Direct Tax.

Notes:
New York topped latest rankings from the Global Financial Centres Index (GFCI) and remained as the world’s most favoured financial centre for fourth year.
London retains its second position while Singapore overtook Hong Kong to come in third. Paris returned to the top 10 to replace Tokyo. However Moscow was pushed down 22 places to 73rd after its invasion of Ukraine and resultant severing of ties from Western countries. GFCI is compiled by Z/Yen, a London-based think tank and China Development Institute.

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.

Notes:
QUAD countries recently signed Humanitarian Assistance Disaster Relief Guidelines at a meeting in New York.
The Foreign Ministers of Australia, India and Japan and Secretary of State of the United States signed the Guidelines for the ‘Quad Partnership on Humanitarian Assistance and Disaster Relief (HADR) in the Indo-Pacific’. This partnership was announced by Quad Leaders in Tokyo in May 2022.