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 Kingdom of Netherlands will be the Partner Country at the 25th DST – CII Technology Summit 2019. It was recently announced by Dr. Harsh Vardhan, Union Minister for Science & Technology, Earth Sciences, Environment,Forest and Climate Change. The Minister highlighted the successful bilateral research cooperation between India and Netherlands in sectors such as affordable medical devices, urban water systems, big data and Internet of Things (IoT). The Summit will be organised by Department of Science and Technology (DST) and the Confederation of Indian Industry (CII) in collaboration with the Netherlands government.

Notes:
Recently, the 19th meeting of the Financial Stability and Development Council (FSDC) held under the Chairmanship of the Union Finance Minister Arun Jaitley reviewed the current global and domestic economic situation and financial sector performance. Apart from liquidity in NBFCs (segmental liquidity position and in mutual fund space), the FSDC discussed on various economic issues ranging from oil prices, rupee, inflation to improving cyber security in the financial sector including “progress made towards setting up of a Computer Emergency Response Team in the Financial Sector (CERT-Fin) under a Statutory Framework”. The FSDC is an apex-level body to strengthen and institutionalise the mechanism of maintaining financial stability, financial sector development, inter-regulatory coordination along with monitoring macro-prudential regulation of economy.

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On November 1, former Indian cricket captain Rahul Dravid has officially been inducted into the ICC Cricket Hall of Fame for his stupendous achievements in international cricket. In a ceremony held ahead of the fifth and final ODI between India and West Indies in Thiruvananthapuram, Dravid was presented with the HoF cap by Sunil Gavaskar. With this, Dravid became only the fifth player from India to be named in the elite list. The other four Indians are former skippers Bishan Singh Bedi, Sunil Gavaskar, Kapil Dev and Anil Kumble. Dravid, also popularly known as ‘the Wall’ had been a long-standing rock of Indian cricket for over 15 years. In all, he aggregated 13,288 runs in 164 Tests with 36 centuries and 10,889 runs in 344 ODIs with 12 centuries. He was also a brilliant slip fielder and finished his Test career in 2012 with 210 catches, which is a world record. He is currently the head coach of India A and India U-19 sides.

Notes:
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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The Maharashtra Cabinet has recently approved the conversion of decommissioned aircraft carrier INS Viraat into a floating museum. It will be India’s first-ever moored maritime museum-cum-marine adventure centre. As per primary estimates, the project worth Rs 852 crore will be implemented through Public-Private-Partnership (PPP). It will be grouted (grounded, sealed to the seabed with concrete and moored) seven nautical miles off the Malvan coast at Nivati rocks in Sindhudurg. This will enable the tourists to see the diverse aquatic life and experience sky-diving, sailing and other thrilling sporting activities. Besides, it will make the new generation familiar with the glorious history of INS Viraat. INS Viraat, which holds a place of pride in Indian defence history, was decommissioned in March 2017 and since then has been laid up at the Naval Dockyard. INS Viraat was commissioned by Navy in 1987 and had taken part in all major military operations such as Operation Jupiter (1988, Sri Lanka peacekeeping mission), Operation Vijay (1999, post-Kargil), and Operation Parakram (2001, after Parliament attack). It was made in 1959 for the United Kingdom’s Royal Navy as ‘HMS Hermes’ and was instrumental in the Falklands War victory. It is 743-foot long and 160-foot wide with a height of 29 feet.

Notes:
The World Vegan Day (WVD) is observed every year on November 1 to commemorate the holistic benefits of switching to veganism. Veganism is the practice of abstaining from consuming any animal products, including milk, curd, eggs, cheese, honey, and meat amongst other derived products.

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.

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The United Nations (UN) has designated every 31st of October as World Cities Day (WCD) to promote the international community’s interest in global urbanization, enhance cooperation among countries and cities in meeting opportunities and addressing challenges of urbanization, and contribute to sustainable urban development. This year, the United Nations has selected the 2018 theme ‘Building Sustainable and Resilient Cities’ because cities need support to become resilient and develop their capacity to absorb the impact of hazards, protect and preserve human life and limit damage to and destruction of public and private assets while continuing to provide infrastructure and services after a crisis. The main event was celebrated in Liverpool, UK.

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India and Japan has recently a Loan Agreement worth Rs. 1817 crore for the ‘Project for the Construction of Turga Pumped Storage (I)’ in the State of West Bengal. The purpose of the Project is to strengthen the capability to respond to fluctuation in supply and demand of power and to improve stability of the power supply by constructing the pumped storage facilities, thereby contributing to the Industrial Development and Living Standard Improvement in the State of West Bengal.