Monthly Current Affairs Quiz - November, 2018

Notes:
The world’s largest airport terminal “under one roof” has officially been opened in Istanbul on October 29, which marks the Republic Day of Turkey. It is dubbed as phase-1A of the project – Istanbul New Airport – will have a capacity to handle 90 million passenger per year. The first phase has costed 7.5 billion Euro. The airport has been envisioned to have a total capacity of up to 200 million passengers, once all four phases are completed in the next 10 years. The new terminal once fully functional by December-end will allow passengers to use its five pier blocks as well as 77 boarding gates and 143 aero-bridges. The new airport is located near the Black Sea coast on the Europe side of Istanbul. It features two runways, while 114 narrow body aircraft can dock with the terminal building at the same time. This new airport is also slated to become Turkish Airlines’ new hub.

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The Republic of Seychelles has launched the world’s first sovereign blue bond – a financial instrument designed to support sustainable marine and fisheries projects. The bond developed with the assistance of the World Bank & was placed to 3 investors: Calvert Impact Capital, Nuveen and Prudential. The blue bond has a US5m guarantee from the World Bank, and is also supported by a US5m concessional loan from the Global Environment Facility (GEF) which will partially cover interest payments.The blue bond demonstrates the potential for countries to harness capital markets for financing the sustainable use of marine resources. It will include support for the expansion of marine protected areas, improved governance of priority fisheries and the development of the Seychelles’ blue economy.

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Justice Debasish Kar Gupta has recently been sworn-in as the new chief justice of the Calcutta High Court. It is the oldest High Court in India and has jurisdiction over the state of West Bengal and the Union Territory of the Andaman and Nicobar Islands. The seat of the High Court is Kolkata, capital of West Bengal. The High Court building’s design is based on the Cloth Hall, Ypres, in Belgium.

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Steel manufacturing giant Tata Steel has been named as an official partner of the 14th edition of the FIH men’s hockey World Cup 2018 to continue their efforts of promoting development through sports across the country. The tournament is scheduled to be held at the Kalinga Stadium in Bhubaneswar, Odisha from November 28 to December 16. India will host the upcoming prestigious 2018 FIH World Cup for the 3rd time after having played hosts in 1982 in Mumbai and in 2010 in New Delhi. A total of 16 nations will take part in the tournament which will see each team play three matches during the league stage over a span of 12 days before four cross-over matches take place on December 10 and 11.

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The first-ever Indo-Japan joint military exercise “Dharma Guardian- 2018” has started at a jungle warfare school in Mizoram’s Vairengte with a focus on strengthening counter-terror cooperation. The focus of the two-week-long exercise will be to enhance tactical skills against global terrorism and increase inter-operability between the two forces. The Japanese contingent is represented by 32nd Infantry Battalion, while the Indian side by 6/1 Gorkha Rifles. The purpose of the exercise is to build and promote Army to Army relation in addition to exchange skills and experiences of both the armies. The exercise will comprise a balance of indoor classes and outdoor training activities. Both the armies will jointly train, plan and execute a series of well developed tactical drills for neutralisation of likely threats that may be encountered in urban warfare scenario.

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First time in Middle east, Qatar will host the 23rd edition of the World Corporate Games (WCG) in Doha in 2019, which will provide an opportunity for corporations around the world to showcase their competitive prowess through sports. It will be the first time that the WCG incorporate eSports and mindsports. The event features both individual and team competitions, open equally to women and men of all ages and abilities with team events for skilled, semi-skilled or novice participants.It is an all-inclusive event with paragames integrated for various categories as well. The World Corportate Games (WCG) aims to bring together, the local, regional and international business sporting community. The sporting event takes place every one to two years and the 2018 edition was held in Houston in the US.

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The Reserve Bank of India (RBI) has recently permitted banks to grant Partial Credit Enhancement (PCE), or a partial guarantee, to bonds issued by systematically important non-deposit taking Non-Banking Financial Companies (NBFC-ND-SIs) registered with the Reserve Bank of India and Housing Finance Companies (HFCs) registered with National Housing Bank. The move is aimed at enhancing the credit rating of the bonds and enabling these NBFCs to access funds from the bond market on better terms. PCE is expected to help NBFCs and HFCs raise money from insurance and provident or pension funds who invest only in highly-rated instruments. The proceeds from the bonds, whose tenor cannot be less than three years, backed by PCE from banks can only be utilised for refinancing the existing debt. The central bank has restricted the exposure of a bank through PCEs to bonds issued by each such NBFC or HFC to 1% of capital funds of the bank within the current single and group borrower exposure limits.

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India was partner country at Videocitta 2018 in the Rome Film Festival 2018, which was held from 18th to 28th October. The Indian delegation at the Film Festival was lead by Ashok Kumar Parmar, Joint Secretary of Ministry of I&B. The agenda of the Indian delegation was to showcase Indian films’ heritage, ease of film shooting in India, promoted film shooting locations in India, International Film Festival of India, Indian Cinema from different regions, Audio Visual Co-Production between India and Italy. This year, “Mare Pyare Prime Minister” was the India’s lone entry in Rome Film Festival. The film revolves around four children living in a Mumbai slum. One of them wants to build a toilet for his single mother and makes an appeal to the Prime Minister.

Notes:
V. Rathinam (99), the veteran freedom fighter and member of Indian National Army (INA) led by Nethaji Subash Chandra Bose, has passed away in South Kodikulam, Tamil Nadu on November 4, 2018. Born on 16th August 1919, Rathinam had moved to Burma when he was a bachelor and joined the INA during the Second World War in the early 1940s. After completing the training programme, he was inducted into the INA and fought against the British. Later, he was imprisoned by the British along with others and served jail terms in different prisons before he was set free from a prison in Kolkata.

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The first Global Conference on Air Pollution and Health was held at World Health Organisation (WHO) Headquarters in Geneva on October 30, 2018. The 2-day conference was organized by WHO in collaboration with UN Environment, World Meteorological Organization (WMO), the Secretariat of the UNFCCC, the Climate and Clean Air Coalition to Reduce Short-Lived Climate Pollutants (CCAC) and the United Nations Economic Commission for Europe (UNECE). The theme of the conference was: “Improving Air Quality, Combating Climate Change- Saving Lives”. Some 92% of people worldwide breathe unhealthy air, resulting in about 6.5 million deaths annually. In it, household air pollution is a leading killer in poor rural and urban homes. Thus, the event responds to a World Health Assembly mandate to combat one of the world’s most significant causes of premature death. At the conclusion of the Conference, participants agreed an aspirational goal of reducing the number of deaths from air pollution by two thirds by 2030.