Current Affairs Quiz - May 2022

Notes:
The Indian Navy successfully carried out the maiden test firing of the first indigenously developed naval anti-ship missile from Sea king 42B helicopter. The test firing was done in association with the Defence Research and Development Organisation (DRDO).
The test was conducted at the Integrated Test Range (ITR) in Odisha’s Balasore. The anti-ship version of the BrahMos supersonic cruise missile was successfully test-fired jointly by the Indian Navy and the Andaman and Nicobar Command.

Notes:
Assam Rifles, Axis Bank and National Integrity and Educational Development Organisation (NIEDO) inked a Tripartite MoU to establish a Centre of Excellence and Wellness for the youth of Nagaland. The Centre named ‘Late Capt N. Kenguruse MVC Centre of Excellence and Wellness’ will be located in Kohima district, Nagaland. 30 children from economically weaker sections, will be selected from Nagaland for free residential coaching to prepare them to enter medical and engineering colleges.

Notes:
UN Department of Economic and Social Affairs released its World Economic Situation and Prospects (WESP) report.
India is projected to grow by 6.4 per cent in 2022, slower than the last year’s 8.8 per cent but still remains the fastest-growing major economy. For the fiscal year 2023, India’s growth is projected to be 6 per cent. The war in Ukraine slowed global economic growth to 3.1 per cent from 4 per cent.

Notes:
The World Bank has announced that it has planned to implement a global response to the food security crisis, with up to USD 30 billion funding in existing and new projects
Financing in areas such as agriculture, nutrition, social protection, water and irrigation will be available for implementation to address food insecurity over the next 15 months. The World Bank is also working with countries to prepare USD 12 billion of new projects to fight food security crisis.

Notes:
President Ram Nath Kovind has recently visited the Saint Vincent and the Grenadines as a part of his two-nation tour of the Caribbean.
He is the first Indian President to visit to Saint Vincent and the Grenadines, whose capital is Kingstown. It is a non-permanent member of the United Nations Security Council (UNSC), similar to India.

Notes:
After severe protests by tribals, Gujarat Chief Minister Bhupendra Patel announced that the Par-Tapi-Narmada river-link project has been scrapped.
The project had proposed to transfer water from the water surplus regions of the Western Ghats to deficit regions of Saurashtra and Kutch. It also involved seven reservoirs proposed in north Maharashtra and south Gujarat.

Notes:
The second in-person Quad Leaders’ Summit is hosted by Japan. The Quadrilateral Security Dialogue comprises India, the US, Japan and Australia.
Indian Prime Minister Narendra Modi attended the Quad Leaders’ Summit. The leaders of four countries review the progress of the group’s initiatives. The newly-elected Australian Prime Minister Anthony Albanese also joins the Quad Leaders’ Summit for the first time.

Notes:
The Central Government announced an additional fertiliser subsidy of ₹ 1.10 lakh crore, amidst the rising prices of fertiliser.
This has been announced in addition to the fertiliser subsidy of ₹ 1.05 lakh crore in the budget. With this, the Government’s total fertiliser subsidy is set to touch a record ₹ 2.15 lakh crore in 2022-23. The fertiliser subsidy stood at ₹ 1.62 lakh crore in 2021-22.

Notes:
Greenko Group has commenced the construction of its 5,230 MW integrated renewable energy storage project in the Kurnool district of Andhra Pradesh.
It is said to be the world’s largest integrated renewable energy storage project. The project is also set to help avoid 15 million tonnes of CO2 emissions. Greenko is backed by the Government Investment Corporation (GIC) of Singapore and Abu Dhabi Investment Authority (ADIA) of Abu Dhabi along with Orix Corporation, Japan.

Notes:
A new venomous green snake has been recorded simultaneously in Meghalaya as well as Mizoram. It was first found near the Meghalaya capital of Shillong, in October 2020.
The new species was relatively common in Meghalaya, Mizoram and even in Guwahati. But it used to be referred to as either the Pope’s Pit Viper or Gumprecht’s Green Pit Viper so far.