Current Affairs Quiz - September, 2022

Notes:
Global Fintech Fest is being organized by the National Payments Corporation of India (NPCI), the Payments Council of India (PCI) and the Fintech Convergence Council (FCC).
It was attended by Union Finance Minister Nirmala Sitharaman and RBI Governor Shaktikanta Das. The Finance Minister called upon fintech industry to take advantage of opportunities in green finance for building a sustainable financial environment.

Notes:
The Union Ministry of Power has proposed for the Market-Based Economic Dispatch (MBED) mechanism.
The MBED mechanism seeks a centralized scheduling for dispatching the entire yearly consumption of electricity. However this system is expected to interfere in the autonomy of states in managing their electricity sector. Distribution companies, owned by the state governments will become dependent on the centralized mechanism.

Notes:
The Reserve Bank of India (RBI) Governor, Shaktikanta Das recently launched three key digital payment initiatives at the Global Fintech Fest 2022.
The initiatives include RuPay Credit Card on UPI, UPI LITE, Bharat BillPay Cross-Border Bill Payments. Through UPI Lite on BHIM App, users will be able to make small-value transactions in near-offline mode. The upper limit of a UPI Lite payment transaction will be ₹200. The total limit of the UPI Lite digital payment mode on the wallet on a device would be ₹2,000 at any point in time.

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 Appointments committee of the Cabinet appointed Rajiv Bahl- a senior World Health Organisation researcher- as the Director General of Indian Council of Medical Research (ICMR).
Bahl is the head of research on maternal and newborn child, adolescent health and aging at the World Health Organisation (WHO). He will also be the Secretary, department of health research (DHR). Prior to joining WHO, he was a Senior Scientist at the AIIMS for 10 years.

Notes:
Edible oil trade associations from India, Pakistan, Sri Lanka, Bangladesh and Nepal announced the setting up of Asian Palm Oil Alliance (APOA).
These are the five major palm oil importing countries in South Asia. Atul Chaturvedi, President, Solvent Extractors’ Association of India (SEA) has been named the first chairman of APOA. The aim of the association is to gain bargaining power and make imports sustainable.

Notes:
Researchers in China have discovered a new type of crystal in the volcanic debris of the near side of the moon.
They also discovered potential fuel source for production of clean and efficient energy on Earth. The small, transparent crystal has been named Changesite-(Y), after the Chinese moon goddess Chang’e.

Notes:
Indian author and poet Meena Kandasamy has been announced as this year’s recipient of the Hermann Kesten Prize by the PEN Centre in Germany.
The Hermann Kesten Prize honours personalities who stand up for the rights of persecuted authors and journalists. Her notable works include The Gypsy Goddess, When I Hit You: Or, A Portrait of the Writer as a Young Wife, Ayaankali, Tamil Tigresses and poems such as Touch, and Ms Militancy.

Notes:
To commemorate the birth anniversary Pandit Deendayal Upadhyaya , September 25 is celebrated as Antyodaya Diwas in India since 2014.
Deendayal Upadhyaya mobilised the concept of ‘Antyodaya’ which literally means, “the rise of the last person.” He stressed on Antyodaya to target the extreme poverty existed in India during and after the independence.

Notes:
The Duleep Trophy final between the West Zone and South Zone was recently held in the city of Coimbatore, Tamil Nadu.
It is a domestic first-class cricket competition played in India. In this year’s edition, West Zone defeated South Zone by 294 runs, and won the title. Ajinkya Rahane was the skipper of the West Zone cricket team.