Current Affairs Quiz - May 2022

Notes:
The 19th Asian Games, which was originally scheduled to be held in Hangzhou, China from September 10 to 25, 2022, has been postponed amid a surge in COVID-19 cases in China.
The Olympic Council of Asia has postponed the Games, which is also the second biggest sporting event after the Olympics in size.

Notes:
Mukesh Ambani’s Reliance Industries Ltd first became the first Indian company to cross USD 100 billion annual revenue.
For the fiscal 2021-22, Reliance reported a net profit of ₹60,705 crore on a revenue of ₹7.92 lakh crore (USD 102 billion). The earnings rose due to the high oil refining margins, growth in telecom and digital services and strong retail business. Rise in broadband subscribers, online retail and new energy investment are also the reasons for rise in earnings.

Notes:
Putting up posters is regulated in Chandigarh under the Advertisement Control Act. No person is allowed to put up banners and posters, without prior permission.
The Chandigarh Municipal Corporation had slapped a fine of Rs 29,390 on a Chief of a political party for putting up posters and banners in the city illegally, without permission. This was the first occasion that the civic corporation has slapped a fine under the said Act.

Notes:
Prime Minister Narendra Modi addressed the inaugural session of Jain International Trade Organisation’s ‘JITO Connect 2022’.
Union Minister for Road Transport and Highways Nitin Gadkari was present on the occasion. The Conference was organised in Pune. The Prime Minister called for collaboration and investment in 5 fields named EARTH:  E- Environment, A- Agriculture and natural farming, farming technology and food processing sector, R- Recycling, T- Technology for all and H- health care.

Notes:
The Department of Consumer Affairs has directed all ride-hailing companies to become convergence partner in the National Consumer Helpline.
1915 short code has been allocated to National Consumer Helpline, to enable better grievance redressal for consumers. The ride –hailing companies including Ola, Uber and Rapido were also asked to comply with Consumer Protection Act, 2019 and E-commerce Rules, 2020.

Notes:
The Belfast Agreement or Good Friday Agreement (GFA) was signed in 1998 to end the political conflicts of Northern Ireland.
Recently, U.K. Prime Minister Boris Johnson cited this power sharing agreement. He said that the Post-Brexit trading arrangements in Northern Ireland are unviable and need urgent reform to unblock the province’s power-sharing Assembly.

Notes:
Indian Grandmaster D Gukesh emerged champion in the 1st Chessable Sunway Formentera Open 2022 chess tournament.
It was a hat-trick of titles for him as previously won the La Roda tournament and the Menorca Open in recent weeks. The 15-year old Gukesh remained unbeaten through the nine rounds. With this victory, he moved up to no.64 in the world rankings.

Notes:
Etsy, a US e-commerce firm for handmade items has partnered with the North Eastern Handicrafts and Handloom Development Corporation (NEHHDC).
The MoU aims to support small sellers, weavers and artisans by providing them market access. It includes modules on online selling and entrepreneurship, and the opportunity to access a wider market for their products. There are more than 21 lakh weavers and 14.5 lakh artisans in the region.

Notes:
India has been unanimously elected as the new Chair of the Association of Asian Election Authorities (AAEA) for 2022-2024.
Commission on Elections, Philippines was the previous chair of AAEA. Currently, 20 Asian Election Management Bodies (EMB) are members of AAEA and Election Commission of India (ECI) is a founder member of the EMB of AAEA. New members include Russia, Uzbekistan, Sri Lanka, Maldives, Taiwan, and the Philippines.

Notes:
‘The Rock’, the biggest white diamond ever auctioned, was sold for a price of 18.6 million Swiss francs (USD 18.8 million).
The 228.31-carat stone, which was larger than a golf ball, was sold in Geneva by Christie’s auction house. There were high hopes that ‘The Rock’ would break the world record for a white diamond, which stands at USD 33.7 million. The large diamond was extracted from a mine in South Africa in the early 2000s and has been displayed in Dubai, Taipei and New York before its scheduled sale in Geneva.