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:
World Alzheimer’s Day is being observed on September 21. This year the theme for world Alzheimer’s month 2022 is ‘Know dementia, Know Alzheimer’s’.
Alzheimer’s disease is the most common form of dementia. It is a progressive brain disease which results in loss of memory and thinking skills. It destroys the brain cells leading to memory loss, memory changes, erratic behaviour, and loss of body functions.

Notes:
The Asian Development Bank (ADB) has recently released a supplement to its Asian Development Outlook (ADO).
As per the report, the 2022-23 growth projection for India’s economy was slashed to 7% from 7.5% estimated in April. The report says that India’s inflation has turned out to be more persistent than expected, and led to a sharp tightening in monetary policy, eroding consumers’ purchasing power.

Notes:
Bangladesh clinched their first-ever South Asian Football Federation (SAFF) Women’s Championship title held in Kathmandu.
Bangladesh became champions in for the first time in the sixth edition of SAFF, ending India’s reign of five successive titles. The hosts Nepal ended the tournament as runners-up for the fifth time. Bangladesh team captain Sabina Khatun became the top scorer of the tournament with eight goals in the tournament.

Notes:
US Senate recently ratified Kigali Amendment to the 1987 Montreal Protocol on ozone pollution, to limit use of refrigerants.
The international agreement requires participating nations to phase down production and use of hydrofluorocarbons, also known as HFCs, by 85% over the next 14 years. More than 130 countries, including China, India and Russia, have formally ratified the agreement.

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:
Union Communications Ministry has prepared the draft Indian Telecommunication Bill, 2022 and invited from stakeholders and industry associations.
In July 2022, a Consultation Paper on ‘Need for a new legal framework governing Telecommunication in India’ was published. Based on the consultations and deliberations, the Ministry has prepared the draft Bill to develop a modern legal framework in telecommunications.

Notes:
The Gujarat Legislative Assembly unanimously withdrew the controversial Gujarat Cattle Control (Keeping and Moving) in Urban Areas Bill, 2022.
The cattle-rearers warned the State authorities that they would stop supplying milk to dairies. The Bill aimed at prohibiting the movement of stray cattle on roads and public places in urban areas of the State.

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:
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.