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Current Affairs Quiz:1 & 2 September 2024

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  1. Which organisation has recently (in August ‘24) released a report titled “Pathways and Strategies for Accelerating Growth in Edible Oil Towards the Goal of Atmanirbharta”, outlining the strategic interventions to increase domestic oil production of India by 43.5 Million Tonnes (MT) for self-sufficiency?
    1) United Nation
    2) Food and Agriculture Organisation
    3) Organization for Economic Cooperation and Development
    4) NITI Aayog
    5) Indian Council of Agricultural Research
    Answer- 4) NITI Aayog
    Explanation:
    On 29th August 2024, Suman Bery, Vice-Chairperson, National Institution for Transforming India (NITI Aayog) released report titled “Pathways and Strategies for Accelerating Growth in Edible Oil Towards the Goal of Atmanirbharta”. The report was presented by Dr. Neelam Patel, Senior Advisor (Agriculture), NITI Aayog.
     The report underscored that over the last decades, per capita consumption of edible oil in India has increased exponentially, reaching 19.7 kilogram (kg) per year.
     The report has outlined the strategic interventions to increase domestic oil production of India by 43.5 Million Tonnes (MT), to narrow the import gap and put country on a trajectory towards self-sufficiency.
     Overall, the strategic interventions proposed by the report can help to achieve the projected edible oil supplies of 36.2 million tonnes (MT) and 70.2 MT by 2030 and 2047 respectively.
     The report projected that by strategically retaining and diversifying oilseed crops and focusing on areas potentially lost to cereal cultivation will increase the country’s edible oil production by 20% in 9 states, with additional oil production of 7.36 MT and reduction in import dependence by 2.1MT.
     The report suggested that by utilizing 1/3rd (33%) rice fallow area in 10 states for oilseed cultivation can increase the oilseed production by 3.12 MT and reduce import by 1.03 MT.Click here to read more

  2. Which of the following Central Public Sector Enterprises (CPSE) ‘not’ recently (in August ‘24) has been granted “Navratna status”?
    1) Railtel Corporation of India
    2) Solar Energy Corporation of India Limited
    3) National Hydroelectric Power Corporation
    4) Satluj Jal Vidyut Nigam Limited
    5) Central Electronics Limited
    Answer- 5) Central Electronics Limited
    Explanation:
    Department of Public Enterprises, Ministry of Finance, Government of India has granted “Navratna status” to four Central Public Sector Enterprises (CPSEs) viz. Railtel Corporation of India (RCIL), Solar Energy Corporation of India (SECI) Limited, National Hydroelectric Power Corporation (NHPC), and Satluj Jal Vidyut Nigam Ltd. (SJVN).
     With this, the number of Navratna CPSEs has increased to 25 from 21.
     The Navratna scheme was introduced in 1997. CPSEs eligible for Navratna status must be Miniratna I, Schedule ‘A’, have an ‘excellent’ or ‘very good’ Memorandum of Understanding (MoU) rating for three of the last five years, and a Composite Score of 60 or above across six performance parameters.
     New Delhi, Delhi based RCIL, a ‘mini ratna’ PSU under the Ministry of Railways, has been upgraded as the 22nd Navratna CPSE.
     New Delhi based SECI Ltd, a miniratna Category-I CPSE under the Ministry of New and Renewable Energy (MNRE) has been upgraded as the 23rd Navratna CPSE.
     Faridabad, Haryana based NHPC, a mini ratna Category-I CPSE under the Ministry of Power has been upgraded as the 24th Navratna CPSE.
     Shimla, Himachal Pradesh (HP) based SJVN , a mini ratna, Category-I and Schedule ‘A’ CPSE under the Ministry of Power, has been upgraded as the 25th Navratna CPSE.

  3. Which organisation has recently (in August ‘24) signed an MoU with Visa Inc. to upskill youths in tourism-relevant skills?
    1) Tripadvisor
    2) Tourism and Hospitality Skill Council
    3) India Tourism Development Corporation
    4) MakeMyTrip
    5)  Indian Railway Catering and Tourism Corporation
    Answer-2) Tourism and Hospitality Skill Council
    Explanation:
    The Tourism and Hospitality Skill Council (THSC) under the aegis of the Ministry of Skill Development and Entrepreneurship (MSDE) has signed a Memorandum of Understanding (MoU) with Visa Inc. to upskill at least 20,000 Indian youths in tourism-relevant skills.
     It is a three-year partnership worth up to USD 1 million.
     This partnership builds upon Visa’s ongoing collaboration with the Ministry of Tourism (MoT) and aims to train young people in ten states which includes Assam, Gujarat, Himachal Pradesh (HP), and West Bengal (WB) in order to improve the tourism service experience for tourists

  4. Which country has recently (in August 2024) signed a MoU with the Comptroller and Auditor General of India (CAG) to enhance bilateral cooperation and exchange expertise in the field of public sector auditing?
    1) Gambia
    2) Australia
    3) Saudi Arabia
    4) Nepal
    5) Republic of the Marshall Islands
    Answer-3) Saudi Arabia
    Explanation:
    The Comptroller and Auditor General of India (CAG) has signed Memorandum of Understanding (MoU) with the General Court of Audit, Kingdom of Saudi Arabia (Saudi Arabia) to enhance bilateral cooperation and exchange expertise in the filed of public sector auditing.
     The MoU was signed by Girish Chandra Murmu, the CAG of India and Hussam Al-Angari, President of the Saudi General Court of Audit during a bilateral meeting in Riyadh, Saudi Arabia.
     The key areas of cooperation include joint training programs for financial, performance, and compliance audits, as well as the exchange of audit manuals and methodology.

  5. Which organisation/bank has recently (in August ‘24) launched a “Scheme for Trading and Settlement of Sovereign Green Bonds (SGrBs) in the International Financial Services Centre (IFSC) in India?
    1) Securities and Exchange Board of India
    2) Reserve Bank of India
    3) National Stock Exchange of India Limited
    4) State Bank of India
    5) International Financial Services Centres Authority
    Answer-2) Reserve Bank of India
    Explanation:
    On August 29, 2024, the Reserve Bank of India (RBI) launched a “Scheme for Trading and Settlement of Sovereign Green Bonds (SGrBs) in International Financial Services Centre (IFSC) in India” in exercise of its powers conferred under Section 45W of the RBI Act, 1934 read with Section 45U of the Act and of all the powers enabling it in this behalf.
     The scheme aims to facilitate investments in SGrBs issued by the Government of India (GoI) to eligible foreign investors in the IFSC.
     The operational guidelines for entities within the IFSC will be provided by the International Financial Services Centres Authority (IFSCA).

  6. Which bank recently (in August ‘24) launched “GIGA,” a comprehensive financial suite designed specifically for gig workers and freelancers?
    1) IDFC First Bank
    2) Kotak Mahindra Bank
    3) Punjab National Bank
    4) HDFC Bank
    5) Axis Bank
    Answer-4) HDFC Bank
    Explanation:
    HDFC Bank Limited has introduced GIGA, a comprehensive financial suite tailored for gig workers and freelancers in India. This program addresses the unique financial needs of the rapidly expanding gig economy, which includes a wide range of workers from various sectors.
     GIGA offers a specialised savings account, current account, debit and credit cards, flexible investment products, health insurance, and custom retail asset products.
     The GIGA Business Debit Card provides accelerated cashback and personal accidental death cover up to Rs 10 lakh.
     HDFC Ergo provides health insurance for gig workers and their families, with premiums starting at Rs 20 per day.
     Flexible Savings Account: Gig workers can maintain a quarterly balance (Rs 10,000 in metro/urban areas and Rs 5,000 in semi-urban/rural areas) and access options like Systematic Investment Plans(SIPs), Fixed Deposits (FDs) , and Recurring Deposits(RDs).

  7. Which shipbuilding firm has recently (in August ‘24) signed a MoU with the National Highway Infrastructure Development Corporation Limited (NHIDCL) for the supply of Double-Lane (DL) Class 70 Modular Steel and Bailey bridges?
    1) Hindustan Aeronautics Limited
    2) Garden Reach Shipbuilders & Engineers Limited
    3) Mazagon Dock Shipbuilders Limited
    4) Goa Shipyard Limited
    5) Shipping Corporation of India
    Answer-2) Garden Reach Shipbuilders & Engineers Limited
    Explanation:
    The Garden Reach Shipbuilders & Engineers Limited (GRSE) signed a Memorandum of Understanding (MoU) with the National Highway Infrastructure Development Corporation Limited (NHIDCL) for the fabrication, supply, and launching of Double-Lane (DL) Class 70 Modular Steel and Bailey bridges.The MoU was signed between Dr. Krishan Kumar, Managing Director (MD), NHIDCL; and Commodore PR Hari, Chairman and Managing Director (CMD), GRSE.
     GRSE will construct and deliver Class 70R Double-Lane Bridges. This will enhance connectivity in critical forward areas along India’s borders, facilitating troop and equipment deployment.
     GRSE’s Double-Lane Steel Bridge is described as the only indigenous solution of its kind, aligning with India’s Aatmanirbhar Bharat Abhiyan (Self-Reliant India Campaign).

  8. Who has been recently (in August ‘24) re-appointed as the Managing Director and Chief Executive Officer (MD & CEO) of the Central Depository Services (India) Limited (CDSL)?
    1) Dileep Sanghani
    2) Gurcharan Singh
    3) Nehal Vora
    4) Tapan Kumar Deka
    5) Naveen Chandra Jha
    Answer-3) Nehal Vora
    Explanation:
    The Securities and Exchange Board of India (SEBI) has approved the re-appointment of Nehal Vora as the Managing Director and Chief Executive Officer (MD & CEO) of the Central Depository Services (India) Limited (CDSL).
     He was appointed as MD & CEO of CDSL in September 2019 for a five- year term till September 17, 2024.

  9. Who has been recently (in August ‘24) appointed as the Director General (DG) of the Central Industrial Security Force (CISF)?
    1) Anish Dayal Singh
    2) Rajwinder Singh Bhatti
    3) Bharat Lal
    4) Robert Jerard Ravi
    5) Sanjaya Kumar Mishra
    Answer-2) Rajwinder Singh Bhatti
    Explanation:
    On 28th August 2024, the Appointments Committee of the Cabinet (ACC) has approved the appointment of Rajwinder Singh Bhatti, 1990-batch Indian Police Service (IPS) officer of Bihar cadre, as the Director General (DG) of the Central Industrial Security Force (CISF) with effect from the date of assumption of charge of the post.
     He will hold the post for a tenure up to the date of his superannuation on September 30, 2025 or until further orders, whichever is earlier.
     He will succeed Anish Dayal Singh, DG of Central Reserve Police Force (CRPF), who has been holding additional charge as DG of CISF since August 2024.

  10. Which airline has recently (in August ‘24) received Foreign Direct Investment (FDI) approval from the Government of India(GoI) for the proposed merger of Vistara with Air India Limited (AI)?
    1) All Nippon Airways
    2) Qatar Airways
    3) Emirates
    4) Singapore Airlines
    5) Air France
    Answer- 4) Singapore Airlines
    Explanation:
    Singapore Airlines Limited (SIA) has received approval from Government of India(GoI) for Foreign Direct Investment (FDI) as part of the proposed merger of Vistara with Air India Limited (AI). Once completed, this merger will create one of the world’s largest airline groups.
     On 12 November 2024, Vistara will officially merge with AI, transitioning its flight code from “UK” to “AI.”
     SIA also secured its approval to become part of the expanded AI entity as a result of the proposed merger.
     After the merger, SIA, which held a 49% stake in Vistara, will acquire a 25.1% stake in the merged entity (after a Rs 2,058.5 crore investment), comprising AI, AIE, and Vistara.Tata Group will have the remaining 74.9% stake in AI.