Monthly Current Affairs Quiz - November, 2018

Notes:
Louis Cha Jing-yong (94), a Hong Kong journalist and best-selling Chinese martial arts novelist, has passed away in Happy Valley, Hong Kong on October 30, 2018. Cha’s first novel, “The Book and the Sword,” was published in 1955 and became an instant hit. He went on to write 14 martial arts novels, often under the pen name Jin Yong. His works have the unusual ability to transcend geographical and ideological barriers separating Chinese communities of the world, achieving a greater success than any other contemporary writer. His works have been translated into many languages including English, French, Korean, Japanese, Vietnamese, Thai, Burmese, Malay and Indonesian. According to ‘The Oxford Guide to Contemporary World Literature’, Jin’s novels are considered to be of very high quality and are able to appeal to both highbrow and lowbrow tastes.

Notes:
The scientists at CSIR have developed Less Polluting ‘Green’ Firecrackers which are not only environment friendly but 15-20 % cheaper than the conventional ones. These crackers have been named as Safe Water Releaser (SWAS), Safe Minimal Aluminium (SAFAL) and Safe Thermite Cracker (STAR). The commonly used pollution-causing chemicals – aluminium, barium, potassium nitrate and carbon – have either been removed or sharply reduced in the green crackers to reduce emissions by 15-30% . These eco-friendly firecrackers have the unique property of releasing water vapour and /or air as dust suppressant and diluent for gaseous emissions and matching performance in sound with conventional crackers. SWAS eliminates usage of (KNO3) Potassium nitrate and Sulphur, while STAR eliminates usage of KNO3 and S. On the other side, SAFAL has minimal usage of aluminium (only in flash powder for initiation) as compared to commercial crackers.The main point to be noted here is that these crackers match the same sound intensity with that of commercial crackers in the range of 105-110 decibel. The new crackers have been developed by scientists of two national labs of CSIR- Central Electrochemical Research Institute (CECRI) based in Karaikudi, Tamil Nadu and National Environmental Engineering Research Institute (NEERI) in Nagpur.

Notes:
India has been ranked 77th in the World Bank’s Ease of Doing Business Index 2018 . With this, India has jumped 23 places from 2017 in which it was ranked at 100th. In its annual ‘Doing Business’ 2019 report, World Bank stated that India improved its rank on six out of the 10 parameters relating to starting and doing business in a country.The report also recognises India as one of the top 10 improvers in this year’s assessment, for the 2nd successive time. The Index ranks 190 countries across 10 indicators ranged across the lifecycle of a business from ‘starting a business’ to ‘resolving insolvency’. These parameters include ease of starting a business, construction permits, getting electricity, getting credit, paying taxes, trade across borders, enforcing contracts and resolving insolvency. New Zealand tops the list, followed by Singapore, Denmark, and Hong Kong.

Notes:
19-times world champion Pankaj Advani has won the second leg of Asian Snooker Tour title by delivering a power-packed performance to outclass China’s Ju Reti 6-1 in the final at Jinan, China.With this, Advani has become the first Indian to win an Asian Snooker Tour event. The IBSF World Billiards and Snooker Championships is less than a fortnight away and the Indian star cueist is the defending champion in both sports. The new 10-red format of the Tour was well-received by all players as some fine performances were on display throughout the second leg. Pankaj Advani will now have to immediately switch to Billiards as Myanmar hosts the prestigious world championships from November 12 to 27.

Notes:
Recently, China has successfully launched its first geostationary BeiDou-3 satellite ‘G1Q’ into high orbit (about 36,000 km above the Earth) to boost its home-grown BeiDou global satellite navigation system. It was launched from the Xichang Satellite Launch Centre in the southwestern Sichuan Province. In a geostationary orbit, following the Earth’s rotation, it will view the same point on Earth continuously. The satellite is meant to serve countries in the China-proposed Belt and Road Initiative (BRI). Apart from radio navigation system, the satellite is equipped with an improved radio determination satellite service that can provide short message services to 10 million subscribers each hour. With an advanced satellite-based augmentation system, the satellite can also provide low-cost and reliable navigation services to civil aviation clients at home and abroad. The satellite is carrying hydrogen and rubidium atomic clocks, which will play a key role in positioning and timing accuracy. It will be the fourth global satellite navigation system after the United States (US) Global Position System (GPS), Russia’s GLONASS and the European Union’s Galileo. By around 2020, when the BeiDou system goes global, it will have more than 30 satellites.

Notes:
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.

Notes:
On November 1, the Union Cabinet has approved a proposal to rename the Jharsuguda airport of Odisha after eminent freedom fighter Veer Surendra Sai. Renaming of the Jharsuguda airport in his name will fulfill long-pending demand of the Odisha Government, which reflects the sentiments of the local public of the respective area. It will also be a befitting tribute to the contribution of the revered personality associated with the State. Veer Surendra Sai, who was born on 22nd January 1809 in Sambalpur district of the State, had sacrificed his life fighting against British East India company. He and his associates resisted the British and successfully protected most parts of Western Odisha region for some time from the British rule. Many of them were hanged by the British & a few died in the Cellular Jail in the Andamans. Surendra Sai died in Asirgarh Jail on 23rd May 1884.

Notes:
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.

Notes:
The 2nd edition of the India International Cherry Blossom (IICB) festival in Shillong, which is is scheduled to be held from November 14 and 17. It is the world’s only autumn cherry blossom festival. The fest will celebrate the unique mass flowering of autumn Himalayan cherry blossoms with several cultural events in the Meghalaya capital. The visitors can enjoy fashion shows, rock concerts, beauty pageants and also compete in an amateur golf tournament. Alongside, there will be stalls showcasing the food, arts and crafts of the region, and several cultural events and a food pavilion of Japan in partnership with the Embassy of Japan in India. It is expected that the fest will attract more than one lakh visitors from across the world.

Notes:
On November 4, the National Seminar on Entrepreneurship and Business Development in Ayurveda was started at Dr. Ambedkar International centre in New Delhi. The 2-day seminar is being organised by Ministry of AYUSH in association with NITI Aayog with the aim of encouraging entrepreneurs and Ayurveda stakeholders towards businesses opportunities in the sector. The seminar is expected to develop awareness among stakeholders about business opportunities, encouraging young entrepreneurs to use modern technologies and highlight opportunities at global level. Experts in marketing, innovation, policymakers, experts in start-up as well as experienced entrepreneurs in Ayurveda pharmaceuticals and hospital industry will guide and share their experiences with the participants. Nearly 800 participants from across the country are expected to take part in the seminar.