Current Affairs Quiz - September, 2022

Notes:
Indian private sector bank Federal Bank was ranked 63rd on the Best Workplaces in Asia 2022 list. It becomes the only bank in India to be listed by Great Place to Work, the international authority on workplace culture.
The report assesses employee experiences of trust, innovation, company values and leadership. Companies are also evaluated on how well they are creating workplace experience, inclusive of all employees.

Notes:
The Foreign Trade Policy of India has been amended, under which international trade invoicing, payment and settlement will be allowed to be settled in the Indian Rupee.
The move has thus activated the mechanism of Reserve Bank of India to facilitate trade in the Indian currency.

Notes:
Poland has recently opened a new canal for ships to sail from Baltic Sea to Vistula Lagoon ports. The waterway is expected to give full sovereignty in the northeastern region of Poland.
The new canal would also mean that ships no longer must secure Russia’s permission to sail from the Baltic Sea to the ports of the Vistula Lagoon.

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 77th session of the United Nations General Assembly (UNGA 77) was inaugurated recently in New York followed by the High-Level Week
The UN General Assembly (UNGA) is the main policy-making organ of the United Nations. This year’s theme is ‘A watershed moment: transformative solutions to interlocking challenges’ with focus on crises such as COVID-19, climate change and conflict and need for solutions to build global sustainability and resilience.

Notes:
The Ethereum crypto-currency has announced a shift of its consensus algorithm from proof-of-work (PoW) to environment-friendly proof-of-stake (PoS).
With this event called ‘The Merge’, the energy used to maintain the whole Ethereum network will drop by 99.9 percent, which will result in a 0.2 percent decrease in world electricity use.

Notes:
The Securities and Exchange Board of India (SEBI) has unveiled a detailed framework for Social Stock Exchange (SSE).
It specifies minimum requirements for a Not-for-Profit Organisation (NPO) for registration and disclosure requirements. The capital markets regulator SEBI earlier notified rules for Social Stock Exchange (SSE) to provide social enterprises with an additional avenue to raise funds.

Notes:
‘International Day of Peace’ is observed on September 21 around the world. United Nations General Assembly observes 24 hours of non-violence and cease-fire on the day.
The theme for the International Day of Peace 2022 is ‘End racism. Build peace’. The day will be dedicated to the aim of making a world free of racism and racial discrimination.

Notes:
As per the latest World Bank assessment, Sri Lanka ranks 5th in the highest food price inflation in the world. The list is led by Lebanon followed by Zimbabwe, Venezuela, and Turkey.
Sri Lanka’s inflation surged to 70.2 per cent in August from 66.7 per cent a month ago as the country is grappling with the worst economic crisis. According to official data, food prices have risen by 84.6 per cent. In mid-April, Sri Lanka declared its international debt default due to the forex crisis.

Notes:
World Lung Day is celebrated on September 25, which aims to recognise the latest achievements in lung health.
Out of all the cancer cases, lung cancer accounts for 12.8%. Out of all the mortalities due to cancer, lung cancer accounts for 17.8%. Smoking is responsible for developing lung cancer by 94%. The risk of lung cancer is 24 to 36 times higher in smokers than in people who do not smoke.