Current Affairs Quiz - July 2022

Notes:
The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi approved computerisation of Primary Agricultural Credit Societies (PACS) with a budgetary outlay of ₹2,516 crore.
The objective is to increase efficiency of PACS, bring transparency and accountability in their operations This project proposes computerization of about 63,000 functional PACS over a period of 5 years with Government of India share of ₹1,528 crore. State Cooperative Banks and District Central Cooperative Banks were already automated by NABARD and brought on Common Banking Software.

Notes:
The Shiv Sena-led Maharashtra government cleared a proposal to rename Aurangabad as Sambhajinagar and Osmanabad as Dharashiv.
The cabinet also cleared a proposal to name the upcoming Navi Mumbai International airport after the late DB Patil, a popular leader among farmers, workers and landowners for protesting for their rights and welfare.

Notes:
NATO member Turkey has agreed to support Sweden and Finland’s membership of the alliance. It had initially opposed the bids of the Nordic countries to join.
A trilateral deal was reached at a meeting between Turkey’s President, Finland’s President and the Swedish Prime Minister in the Spanish capital, Madrid. Foreign Ministers from the three countries signed a joint security pact that addressed Turkey’s concerns.

Notes:
GST Day is celebrated on July 1 to mark completion of five years of Goods & Services Tax. It was introduced in 2017, with the idea of “One Nation- One Market- One Tax”.
GST is a multi-stage, indirect consumption-based tax system that subsumed a set of domestic indirect taxes such as service tax, value-added tax, purchase tax, excise duty among others.

Notes:
Novak Djokovic recently became the first player in history to win 80 matches in all four Grand Slams.
He achieved this feat when he defeated Korean player Kwon Soon-woo for his 80th win in Wimbledon. Djokovic was playing for the first time after losing to Rafael Nadal last month in the French Open quarterfinals.

Notes:
The Union Cabinet approved the categorization of Coalition for Disaster Resilient Infrastructure (CDRI) as an ‘International Organization’.
The cabinet also approved signing of the Headquarters Agreement (HQA) with CDRI, for grant of exemptions and privileges under Section-3 of the United Nations (Privileges & Immunities) Act, 1947.

 

Notes:
The Goods and Services Tax (GST) revenue in June rose to ₹144,616 crore, the second-highest since the inception of GST five years ago.
The new high collection is on the back of rapid economic recovery and stricter compliance, as per the Union Finance Ministry said. In April, the collection was the highest ever at ₹1,67,540 crore. This is the fifth time the monthly GST collection crossed the ₹1.40 lakh crore mark and fourth month at a stretch since March 2022.

Notes:
IRDAI and National Health Authority (NHA) are set to develop a National Health Claims Exchange as a digital platform to settle health claims.
Based on a presentation from NHA, Chairman of IRDAI Debasish Panda, has proposed to create a working group with representation from the industry. It will decide how to make the largest segment of general insurance in India attract more people to buy health insurance.

Notes:
Tanuja Nesari, Director of All India Institute of Ayurveda (AIIA) was awarded with the Ayurveda Ratna Award by the UK Parliament.
The UK’s All-Party Parliamentary Group on Indian Traditional Sciences (ITSappg) conferred the award recognising her contribution to prmoting the growth of Ayurveda in India and abroad.

Notes:
Every year on the third Saturday of September, the world celebrates ‘International Coastal Clean-Up Day.’
On September 17, 2022, the Government of India, in collaboration with other voluntary organizations and the local community, is set to launch the “Swachh Sagar, Surakshit Sagar” cleanliness campaign along India’s entire coastline.