Is there a simple way to insert the current time (like TIME: [2012-07-02 Mon 16:44]) in the org-mode? In the manual there is a lot of stuff (clocks, deadlines, schedules), but most of them require entering the time manually.
Emacs does not actually understand you are editing an Org document, yet. To enable Org mode on your current document, type M-x org-mode which will enable the Org mode on the current document. Those are minuses, not underscores.
Emacs has included Org Mode as a major mode by default since 2006. Bastien Guerry is the current maintainer, in cooperation with an active development community. Since its success in Emacs, some other systems now provide functions to work with org files.
In my installation, which is org-mode version 9, the following enters the current date and time without prompting anything
C-u C-u C-c .
C-u C-c .
will insert a timestamp at point, though Org will still prompt you for a time (with the default being the current time).
More: "Creating timestamps" in the Org Mode manual.
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