Monthly Current Affairs Quiz - August, 2018

Notes:
Gujarat Co-operative Milk Marketing Federation Ltd. (GCMMF), the marketers of the popular Amul brand of milk and dairy products, was awarded the ‘Marketer of the Year’ award by the International Advertising Association of India (IAAI). The award was received by RS Sodhi, the Managing Director (MD) of GCMMF, on behalf of the 36 lakh milk famers and producers of Gujarat. Amul is the brand worth Rs 41,000 crore and is the biggest cooperative owned by 36 lakh farmers of Gujarat. Amul is not only known for its cooperative structure and farmer’s faith, but is also known for its marketing and advertizing strategies.

Notes:
Akshay Venkatesh, a renowned Indian-Australian mathematician, has won the 2018 Fields Medal for his profound contributions to an exceptionally broad range of subjects in mathematics. Venkatesh is one of four winners of mathematics’ top honour known as the Nobel prize for math. The Fields medals are awarded every four years to the most promising mathematicians under the age of 40. Each winner receives a 15,000 Canadian-dollar cash prize. The other three winners are: Caucher Birkar, a Cambridge University professor of Iranian Kurdish origin; Germany’s Peter Scholze, who teaches at the University of Bonn and Alessio Figalli, an Italian mathematician at ETH Zurich.

Notes:
Dr Bhishma Narain Singh (85), the former Union Minister and Congress leader, has passed away in Noida on August 1, 2018. Dr Singh held various portfolios during the Congress rule led by former Prime Minister Indira Gandhi. He was also the Governor of Assam and Tamil Nadu.

Notes:
The Government of Odisha has launched a 360 degree nation-wide publicity campaign “Heartbeats for Hockey” to attract fans for 2018 men’s hockey World Cup. The movement attempts to get India behind the game by way of music, entertainment, fashion, pure sport and panel discussions. Each time anyone holds the custom-made hockey stick, named ‘Heart Beat’, their heart beat will be recorded as a pledge to support hockey. The ‘Heart Beat’ will take a round of the country through ‘Hockey Adda’, a curated on-ground discussion platform for hockey players and experts. The event will take place at the Kalinga Stadium in Bhubaneswar from November 28 to December 16. The state is the title partner for the hockey event and Odisha Tourism is the host partner. The maximum players in the national team are also from Odisha.

Notes:
The Andhra Pradesh Cabinet has recently approved an unemployment allowance scheme “Mukhyamantri Yuva Nestam” through which an allowance of Rs 1000 per month will be provided to unemployed youth in the state. Unemployed youths with a degree or diploma between the ages of 22 and 35 years are eligible to avail the benefit. The state government will set up a website for the scheme by the end of August, where a 15-day registration window will be open for potential beneficiaries of the scheme. The amount will be directly transferred into their bank account. The state government decided to implement this scheme to benefit as many as 12 lakh youths of the state. It has also been decided that 20,000 job vacancies, 9,000 teacher posts and other department vacancies will be filled.

Notes:
Following the publication of the final draft of National Register of Citizens (NRC) in Assam, the Manipur government has constituted two committees – state and district level – to deal with a possible influx of illegal immigrants. The State Level Monitoring Committee will monitor the entry or presence of illegal immigrants in the state and take steps for creating adequate public awareness to counter the situation. It will be headed by Special Secretary (Home) while the Deputy Commissioners and Superintendents of Police as its members. The district level committee will be headed by the concerned deputy commissioners while Superintendent of Police, SDOs, SDPO, SDCs, OCs will be the members. The committee with local bodies would likely to conduct headcounts if needed.

Notes:
NITI Aayog has launched a global mobility hackathon ” Move Hack” to crowdsource solutions for future of mobility in India. Focused on 10 themes and open to individuals from all nationalities, the hackathon will have an online leg, followed by a Singapore leg, and the finals in New Delhi. The purpose of MoveHack is to bring about innovative, dynamic and scalable solutions to problems pertaining to mobility. It has two-pronged campaign approach: (a) “Just Code It”: aimed at solutions through innovations in technology / product / software and data analysis, and (b) “Just Solve It”: innovative business ideas or sustainable solutions to transform mobility infrastructure through technology. The hackathon is organized in partnership with Government of Singapore and is powered by Hacker Earth. PwC is the Knowledge Partner and NASSCOM is the Strategic Partner.

Notes:
India has been elected as the President of the Asia-Pacific Institute for Broadcasting Development (AIBD) for a period of 2 years. India got elected against Iran during voting which took place at the 44th annual gathering of AIBD in Colombo, Sri Lanka on August 4, 2018. Director General of All India Radio (AIR) F. Sheheryar was re-elected as chair of the executive board while Sri Lanka was elected as vice-chair. The broadcasters from 26 countries in the region including India are full members of the organization. AIBD, established in 1977 under the auspices of UNESCO, is a unique regional inter-governmental organisation and is mandated to achieve a vibrant and cohesive electronic media environment in the Asia-Pacific region through policy and resource development.

Notes:
The group of computer scientists and a team of students from the IIT- Madras have developed the first of a family of six industry-standard microprocessors under Project Shakti. The initial batch of 300 chips, named ‘RISECREEK’, has been fabricated for free at the Intel facility in Oregon (US), which was used to run the Linux operating system. The design of microprocessors is open source. They optimize power use and compete with international units such as the Cortex A5 from Advanced RISC Machines (ARM). The entire team was lead by Dr. Neel Gala, who is an alumnus of IIT-Madras. The team had used a BlueSpec System Verilog language, which helped them capture the processor functionality. At a frequency of 350 MHz, RISECREEK can meet the demands of defence and strategic equipment such as NAVIC (Indian Regional Navigation Satellite) and Internet of Things (IoT) electronics.

Notes:
The National Highways Authority of India (NHAI) has signed pact with the State Bank of India (SBI) for a long-term unsecured loan to the tune of Rs 25,000 crore. This is SBI’s highest long-term unsecured loan to any entity and also the largest ever loan sanctioned to NHAI. There is no principal repayment liability for initial 3 years. After 3 years, the repayment would be done in 14 equal half yearly instalments. The total loan tenure is 10 years. NHAI can repay/ prepay it at any time without any prepayment penalty. The total sanctioned amount of Rs 25000 Crore is to be disbursed within 31st March 2019. Rate of interest would be based on one month MCLR. Interest accrued on the amount actually outstanding will be paid on monthly basis. NHAI can draw the amount in any number of tranches, latest by 31st March 2019.