Current Affairs Quiz - September, 2023

Notes:
The Valkyrie, a next-generation drone, is a prototype, has been introduced by the United States military force.
It will serve as a supplement to the fleet of traditional fighter jets. The robot is powered into flight by a rocket engine and it can fly a distance equal to the width of China. It has a stealthy design and is capable of carrying missiles that can hit enemy targets far beyond its visual range.

Notes:
Assam launched a clean district ranking drive called MODI (Most Outstanding District Initiative), to boost solid waste management and sanitation.
Chief minister Himanta Biswa Sarma announced that the most outstanding district will be awarded Rs 100 crore towards infrastructure development and the results will be tentatively declared by the first week of April 2024. The cabinet also approved installation of 2,000 CCTV cameras across the state.

Notes:
Every year on August 29, India celebrates National Sports Day to commemorate the birth anniversary of hockey legend Major Dhyan Chand.
It is also called Rashtriya Khel Divas. The day is dedicated to the country’s sports heroes and champions for their contribution and dedication towards bringing pride to the nation. It aims to raise awareness about the values of sports.

Notes:
The 50th anniversary of the U.S. Open becoming the first sporting event to offer equal prize money to men and women was recently held.
The ceremony was attended by former U.S. First Lady Michelle Obama, former tennis player Billie Jean King, amateur player Gabby Bell, singer Sara Bareilles, and president of the United States Tennis Association Brian Hainline.

Notes:
Rajasthan Chief Minister Ashok Gehlot has approved an increase in minimum wages for labourers by Rs 26 per day. This increase would be effective from January 1, 2023.
He also announced that registered insured employees and their dependent families under the Employees State Insurance (ESI) Scheme of Rajasthan will also get the benefit of Mukhyamantri Chiranjeevi Swasthya Bima Yojana under the ESI category.

Notes:
PhonePe has entered into stock broking business with the launch of a new mobile application called ‘Share(dot)Market’, under its subsidiary PhonePe Wealth Broking.
It provides market intelligence and quantitative research-based WealthBaskets, a scalable technology platform. It will be available as a mobile app and a dedicated web platform, enabling retail investors to buy stocks, engage in intra-day trades, buy curated WealthBaskets and mutual funds.

Notes:
The Government of India and the Government of New Zealand have signed a Memorandum of Understanding (MoU) to boost cooperation in civil aviation.
This will cover the scheduling of new routes, code share services, traffic rights and capacity entitlement. An Air Services Agreement was signed between New Zealand and India in 2016. The New Zealand and India have reviewed the existing arrangements relating to air service between the two countries.

Notes:
Japan’s average temperature in 2023 summer was the highest since records began 125 years ago, according to the country’s weather agency.
The average temperature from June to August was 1.76 degrees Celsius higher than the 30-year average. Earlier in August, Japan recorded the hottest day of the year as temperatures hit 40C in the Fukushima Prefecture.

Notes:
India’s first indigenously developed 700-megawatt electric (MWe) nuclear power reactor at the Kakrapar Atomic Power Project (KAPP) in Gujarat.
Nuclear Power Corporation of India Limited (NPCIL), is in the process of constructing two 700 MW pressurised heavy water reactors (PHWRs) at Kakrapar, which also hosts two 220 MW power plants.

Notes:
I-CRR was introduced as a temporary measure to manage the excess liquidity in the banking system, which occurred due to the return of Rs 2000 currency notes. This reserve required banks to maintain 10% of the increase in their net demand and time liabilities between May and July 2023 to absorb the surplus liquidity. The RBI has decided to discontinue the I-CRR in a phased manner by releasing impounded funds in installments, as mentioned in the text, to ensure that the system liquidity is not subject to sudden shocks and that money markets function smoothly.