Daily Current Affairs – 23 August, 2022

In News Recently, the Texas-based biotechnology company Colossal announced their plans to use genetic engineering to recreate the Tasmanian Tiger and return it to the Arctic tundra, its original natural habitat.  About Tasmanian Tiger History: The animal went extinct in the 1930s and was native to the island of Tasmania, where it had lived for […]

In News  The biomass of the Pacific Bluefin Tuna has increased and is second-highest in recorded history About Pacific Bluefin Tuna Appearance : They have black or dark blue dorsal sides, with a greyish-green iridescence. Their bellies are dotted with silver or grey spots or bands. They have a series of small yellow fins, edged […]

In News Recently, Bihar’s Mithila Makhana has been awarded the Geographical Indication (GI) Tag by the Union Government. The GI has been registered in the name of Mithilanchal Makhana Utpadak Sangh. Mithila Makhana and Bihar Fifth Product This is the fifth product from Bihar which is awarded the GI Tag. Bhagalpur’s Jardalu Mango, Katarni Dhaan […]

In News  India secured the third position by winning five medals at the 15th International Olympiad on Astronomy and Astrophysics (IOAA)-2022 held in Kutaisi, Georgia, About IOAA  It is governed by a set of Statutes, initially derived from those of the International Physics Olympiad, and subsequently modified (through a voting process described in the statues) […]

In News  Kerala has launched ‘Kerala Savari’, the country’s first online taxi service owned by a State government, to ensure fair and decent service to passengers along with fair remuneration to auto-taxi workers.  Objectives and need The alleged unfair trade practices and violation of consumer rights by private app-based cab aggregators have come as a […]

In News The Central Board for Direct Taxes (CBDT) has accused the makers of the Dolo-650 tablet of spending Rs 1,000 crore to distribute freebies to doctors for prescribing the medicine. About Background: The controversy took place following the income-tax raids on Bengaluru-based drugmaker Micro Labs, makers of popular paracetamol brand Dolo-650.  Issue:  Gift-giving in […]

In News The Central Bank of India may soon exit the Prompt Corrective Action (PCA) framework of the RBI as there is an improvement in the financial health of the bank.  The Central Bank of India is the only public sector bank under PCA right now. About Prompt Corrective Action (PCA) framework  Introduction: The RBI’s […]

In News Recent Report informs that the Reserve Bank of India’s (RBI) digital rupee — the Central Bank Digital Currency (CBDC) — may be introduced in phases beginning with wholesale businesses in the current financial year. Key Points In the Budgetary Speech it was stated that the central bank would launch the CBDC in the […]

In Context Recently, India’s first indigenously developed Hydrogen Fuel Cell (HFC) Bus was launched in Pune. More about the news About: The Hydrogen Fuel Cell Bus is a product of the joint development efforts by KPIT and CSIR-NCL (Council of Scientific and Industrial Research-National Chemical Laboratory). KPIT Technologies Limited: It is a technology company headquartered […]

In News India and Iran signed a Memorandum of Understanding (MoU) for the smooth movement of seafarers between both countries. More about the news MoU and the International Convention: The Memorandum of Understanding (MoU) is signed on recognition of Certificates of Competency in Unlimited Voyages. It aims to help seafarers from both countries as per […]