Current Affairs Quiz - February, 2019

Notes:
The central banks of the UAE and Saudi Arabia have launched a common digital currency called “Aber”, which will be used in financial settlements between the two countries through Blockchains and Distributed Ledgers technologies. It will establish an additional means for the central financial transfer systems of the two countries and enable banks to directly deal with each other in conducting financial remittances. Through this digital currency, both the United Arab Emirates Central Bank (UAECB) and the Saudi Arabian Monetary Authority (SAMA) are studying the impact on the improvement and reduction of remittance costs and the assessments of risks.

Notes:
The 13th International Oil & Gas Conference & Exhibition ‘PETROTECH-2019’ is being organised under the aegis of the Ministry of Petroleum & Natural Gas in Greater Noida from 10th to 12th February, 2019. India’s flagship hydrocarbon international conference is expected to be inaugurated by Prime Minister of India. Over 95 Energy Ministers from partner countries have been invited by the Minister for Petroleum and Natural Gas to participate in the Conference. The 3-day mega event will showcase the recent market and investor friendly developments that have taken place in the India’s oil and gas sector. It is expected to see participation of over 86 eminent speakers and 7000 delegates from around 70 countries, including technologists, scientists, planners, policy-makers, management experts, entrepreneurs, service-providers and vendors.

Notes:
Israel Aerospace Industries (IAI) has recently signed agreements worth $93 million for providing Naval MRSAM (Medium Range Surface-to-Air Missile) systems to India. The contracts for the air defence system were entered with the Indian Navy and the Cochin Shipyard. Under the contracts, IAI will provide complementary systems for the air defense system (ADS). The MRSAM family is an operational air-defense system used by Israel’s navy as well as by India’s naval, air and ground forces. It provides broad as well as topical defense against a range of assault air, marine and ground threats. MRSAM comprises several key state-of-the-art systems, including a digital radar, command and control, launchers, and interceptors with advanced homing seekers.

Notes:
Lt Gen Rajeev Chopra has taken charge as new Director General of National Cadet Corps (NCC) in New Delhi. Commissioned in the Madras Regiment in December 1980, Lt Gen Chopra is an alumnus of the National Defence Academy, Khadakwasla and Indian Military Academy, Dehradun. The NCC is an Indian military cadet corps with its headquarters at New Delhi, It is the world’s largest uniformed youth organization. Its motto is ‘Unity and Discipline’.

Notes:
On January 29, the 2-day International conference on 8th century Himalayan sage Guru Padmasambhava was held in New Delhi that saw the participation of distinguished scholars from both countries. The conference titled ‘Life and Legacy of Guru Padmasambhava’, was organized by the Centre for Escalation of Peace (CEP). Scholars from both countries discussed the Guru who was born in India and moved towards Bhutan in the 8th century to spread Buddhism and Buddhist teachings all across the Himalayan region. The conference was dedicated to the 50 years of diplomatic relations between India and Bhutan. In Tibetan Buddhism, Guru Padmasambhava is generally referred to as Guru Rinpoche, which means “precious master.” Guru Rinpoche is a totally enlightened being, a fully awakened one, a buddha.

Notes:
Germany, France and the UK have officially set up a payment channel with Iran called INSTEX, to help continue trade and circumvent US sanctions. The long-awaited special payment system will help save the Iran nuclear deal by allowing Tehran to keep trading with EU companies despite Washington re-imposing sanctions after US President Donald Trump abruptly quit the accord in 2018. The three countries have launched the device at a meeting of EU foreign ministers in Bucharest, Romania. The new institution ‘INSTEX’ is a project of the three governments and will receive the formal endorsement of all 28 EU members. The Instrument In Support Of Trade Exchanges (INSTEX) is registered in France and will be headed by German banker Per Fischer, a former Commerzbank director.

Notes:
The Mizoram government has banned import of pigs and piglets from other countries in view of possible outbreak of the Porcine Reproductive and Respiratory Syndrome (PRRS) that has cost the lives of thousands of swines in the state. The orders were issued as the dreaded PRRS outbreak always occurred from March to July, during a dry spell after pre-monsoon downpours. According to the records of the Veterinary department, the PRRS has cost the lives of over 10,000 swines in Mizoram since 2013 and it is believed that it happened due to import of pigs and piglets from Myanmar where the disease was known to be prevalent. The PRRS is also known as blue-ear pig disease, which affectes domestic pigs. The symptoms include reproductive failure, pneumonia and increased susceptibility to secondary bacterial infection.

Notes:
The World Wetland Day (WWD) is observed every year on 2nd of to raise awareness about the value of wetlands for humanity and the planet. The day marks adoption of the Convention on Wetlands (also called as Ramsar Convention) on 2nd February 1971, in the Iranian city of Ramsar on shores of the Caspian Sea. The 2019 theme “Wetlands and Climate Change” highlights the importance of healthy and intact wetlands to one of the most pressing challenges of climate change.

Notes:
As per latest survey conducted by Transparency International (TI), Assam has occupied the top slot in the ranking of best practices followed by states in Budget formulation and is followed by Andhra Pradesh and Odisha. The states which figured lower in the ranking were Meghalaya, Manipur and Punjab. The survey was carried out on the basis of four parameters – public disclosure, budgetary process, post budget fiscal management and efforts to make budget more transparent and citizen friendly. Transparency International has stated in its survey report that Assam is the only state out of the 29 states and two union territories which has published a Citizens Budget in the public domain. It also stated that the Assam Government is the only government that has conducted budget awareness campaigns across 17 districts.

Notes:
Rishi Kumar Shukla, a 1983-batch IPS officer of Madhya Pradesh Cadre, has been appointed the new Director of the Central Bureau of Investigation (CBI). He will serve in the post for a period of two years. The High-Level Committee chaired by Prime Minister approved the appointment of Mr Shukla to the post. He succeeded M. Nageshwara Rao, who was working as Interim Chief of the Agency. The post of CBI Chief has been lying vacant since 10th of January 2019 after the exit of Alok Kumar Verma following accusations of corruption against him by former CBI Special Director Rakesh Asthana who is also allegedly accused of corruption charges. Prior to being appointed as the director of the CBI, Mr. Shukla has served as Madhya Pradesh DGP in 2016 and was presently the chairman of the Madhya Pradesh Police Housing Corporation (PHC) in Bhopal.