Daily Current Affairs MCQs : 22 July 2023 - CUET Commerce MCQ

The Competition (Amendment) Act 2023 has implemented a key provision that vests the power of appointment of Director General- DG (Investigation) in the Competition Commission of India (CCI). This change shifts the authority from the Ministry of Corporate Affairs (MCA) to CCI, aiming to create a clear separation between the regulator's investigative and other functions in line with international competition regulators' practices.

The Competition Law Review Committee (CLRC) recommended changes in the appointment process to address the issue of the Director General's direct accountability to the Central Government instead of the CCI. The aim was to create a clear separation between the regulator's investigative and other functions, aligning with international competition regulators' practices.

The Competition (Amendment) Act, 2023 came into force on the 11th of April, 2023, after receiving the assent of the President.

The One District One Product (ODOP) program aims to unlock the true potential of a district, fuel economic growth, and generate employment and rural entrepreneurship, taking India closer to the goal of an AtmaNirbhar Bharat.

 The Association of World Election Bodies (A-WEB) is the largest international organization of Election Management Bodies (EMBs) and comprises 121 EMBs from 111 countries.

The United Arab Emirates (UAE) became the first Arab country to obtain observer status at the Asia/Pacific Group on Money Laundering (APG).

SEBI introduced new strategies for sustainable investing, including the requirement for ESG schemes to invest a minimum of 80% of their assets under management (AUM) in companies providing assurance on the Business Responsibility and Sustainability Reporting (BRSR) Core. The remaining AUM can be invested in companies with BRSR disclosures. This move aims to promote sustainable projects and incentivize investments in ESG-related performance metrics.

Indian chess prodigy R. Praggnanandhaa emerged victorious in the inaugural edition of the Bucharest Super GM Round-Robin Tournament, securing 8 points out of 10 games.

The Ministry of Coal was awarded under the "Best Engagement" category for its achievements in e-procurement through the Government e-Marketplace (GeM).

Nivruti Rai, former Intel India country head, has been appointed as the Managing Director (MD) & Chief Executive Officer (CEO) of Invest India, succeeding Manmeet K Nanda.