Daily Current Affairs Quiz : October 12, 2022

Notes:
The International Monetary Fund, in its latest World Economic Outlook report, cut the forecast for India’s gross domestic product (GDP) growth in financial year 2022-23 (FY23) by to 6.8 per cent.
IMF flagged global inflation crisis and gave a warning of a long and tough economic winter. This is a 0.6 percentage downgrade since July forecast, when IMF cut India’s growth forecast to 7.4 per cent.

Notes:
Prime Minister Narendra Modi inaugurated the United Nations World Geospatial Congress (UNWGIC) 2022 in Hyderabad
The theme of UNWGIC 2022 is ‘Geo-Enabling the Global Village: No one should be left behind’, which focuses on building a community for human data and geography.

Notes:
Justice Dhananjaya Yeshwant Chandrachud is set to take over as the 50th Chief Justice of India (CJI) after the present Chief Justice UU Lalit formally recommended him as his successor.
As per the procedure, the senior most judge Supreme Court judge serves as the Chief Justice of India and the government seeks a recommendation from the CJI to name their successor. Justice DY Chandrachud was part of benches that decriminalised homosexuality, decriminalised adultery, and allowed women in the Sabrimala shrine.

Notes:
The Organisation for Economic Co-operation and Development (OECD) has created a new global tax transparency framework for automatic exchange of information related to crypto assets between countries.
The framework named Crypto-Asset Reporting Framework (CARF) will be used by the countries to track the cross-border transfer of crypto assets. CARF will be presented to G20 Finance Ministers this week in Washington DC.

Notes:
Prime Minister Narendra Modi dedicated Phase I of the Mahakal Lok Project to the nation at Shri Mahakal Lok in Ujjain, Madhya Pradesh.
The total cost of the entire project is around ₹850 crore. The Mahakal Path contains 108 stambhs (pillars) which depict Anand Tandav Swaroop (Dance form) of Lord Shiva.