Monthly Current Affairs Quiz - August, 2018

Notes:
The Union Government has constituted a high level empowered committee to address the issues of stressed thermal power projects. The committee will be headed by Cabinet Secretary, Pradeep Kumar Sinha with representatives from the Ministry of Railways, Ministry of Finance, Ministry of Power, Ministry of Coal and the lenders having major exposure to the power sector. The Committee would look into the various issues with a view to resolve them and maximize the efficiency of investment including changes required to be made in the fuel allocation policy, regulatory framework, mechanisms to facilitate sale of power, ensure timely payments, payment security mechanism, changes required in the provisioning norms/Insolvency and Bankruptcy Code (IBC), Asset Restructuring Company (ARC) Regulations and any other measures proposed for revival of stressed assets so as to avoid such investments becoming NPA.

Notes:
The first cow sanctuary in Rajasthan will be situated in Napasar, Bikaner to dedicate the entire area for cows, much on the lines of a wildlife sanctuary. It will provide shelter for 10,000 bovines spread over an area of more than 220 hectares in Bikaner district. The facilities in the sanctuary will include hospitals and Sewan grass as fodder for the animals. The state government has recently signed a Memorandum of Understanding (MoU) with a private trust in this regard. The cow sanctuary will be the latest in a string of initiatives announced by the BJP government in the state for the protection of bovines since it came to power in 2013. The state already has a ministry dedicated to the welfare of cows and last year it had announced a 10% surcharge on stamp duty towards cow protection.

Notes:
The 2018 BRICS Film Festival took place in Durban, South Africa, along with the International Durban Film Festival (DIFF) from 22-27th July. The last day of the festival was celebrated as India Country Day, followed by Awards and Closing Ceremony. The basic aim of film festival is to celebrate world-class film productions from the BRICS nations with the objective of inspiring more collaboration from these nations. The festival screened four Indian Films, ‘Newton’ and ‘Village Rockstars’ in the competition section, and Sandeep Pampally’s ‘Sinjar’ and Jayara’s ‘Bhanayakam’ in the non-competition section. “Newton”, directed by Amit Masurkar, bagged the best film award, while “Village Rockstars” (directed by Rima Das) won the Best Actress (Bhanita Das) and Special Jury Award in the BRICS Film Festival 2018.

Notes:
Gopalkrishna Gandhi, the former West Bengal governor, has been selected for 2018 Rajiv Gandhi Sadbhavana Award for his outstanding contribution towards the promotion of communal harmony, peace and goodwill. The award will be presented to him at a special ceremony on August 20 at Jawahar Bhawan. The award, which carries a citation and cash amount of Rs 10 lakh, is given on the occasion of the birthday of former prime minister Rajiv Gandhi. It was instituted to commemorate the lasting contribution made by him to promote peace, communal harmony and fight against violence.

Notes:
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) hiked policy repo rate by 25 basis points to 6.50% in its third bi-monthly monetary policy review of 2018-19. Repo rate is the rate at which the RBI lends money to commercial banks in the event of any shortfall of funds. Reverse repo rate, the rate at which the Reserve Bank borrows money from commercial banks within the country, was adjusted to 6.25%. Accordingly, the Marginal Standing Facility (MSF) rate and the Bank Rate too stand adjusted at 6.75%. This time too, RBI has maintained neutral stance with an objective of achieving the medium-term target for headline inflation of 4 per cent while supporting growth.

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:
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:
India has been ranked 96th in the United Nation’s E-Government Development Index (EGDI) 2018. The survey, released by UN every two years, noted that India has scored 100% in the first stage of the E-Participation sub-index, followed by 95.65% in the second stage and 90.91% in the third stage. The overall score of 0.9551 on the E-Participation sub-index has put India among top 15 countries in the list of 193 counties surveyed. In this category, India has emerged as sub-region leader. Denmark is the world leader, both on E-Government index and E-Participation sub-index.

Notes:
In Uttar Pradesh, the iconic Mughalsarai junction has been formally renamed after RSS ideologue Deen Dayal Upadhyay (DDU), who was found dead in mysterious circumstances near the station in February 1968. The DDU station is more than 150 years old and one of the busiest railway stations in India. The station contains the largest railway marshaling yard in Asia. It was inaugurated by BJP national president Amit shah. Beside this, he also flagged off a passenger train with an all-women crew and a goods train at the DDU station. As per Railway officials, it will be the first time in India that an all-woman crew will run a train. Mughalsarai is also the birthplace of former Prime Minister Lal Bahadur Shastri. It is a part of the Chandauli Parliamentary seat which is presently held by UP BJP president Mahendra Nath Pandey.

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.