Monthly Current Affairs Quiz - October, 2018

Notes:
The 2018 Nobel Prize in Physiology or Medicine has been awarded jointly to Dr. James P. Allison of the United States and Dr. Tasuku Honjo of Japan for their discovery of cancer therapy by inhibition of negative immune regulation. Both the doctors, working separately, showed in the 1990s how certain proteins act as “brakes” on the immune system’s T-cells, limiting their ability to attack cancer cells, and that suppressing those proteins could transform the body’s ability to fight cancer. They used immunotherapy to help the cells of the immune system recognize and attack cancer cells. Until their breakthroughs cancer treatment consisted of surgery, radiation and chemotherapy. Their work led to a fourth class of treatment, harnessing the immune system, what the Nobel committee at the Karolinska Institute called “an entirely new principle for cancer therapy.”

Notes:
Gita Gopinath, professor at Harvard University, has been appointed chief economist of the International Monetary Fund (IMF). The India-born economist will succeed Maurice (Maury) Obstfeld, who is to retire at the end of 2018.With this, Gopinath will become the 2nd Indian after former RBI Governor Raghuram Rajan to be appointed to the position. According to the IMF statement, Gopinath who is a US citizen and an Overseas Citizen of India, is co-editor of the American Economic Review and co-director of the International Finance and Macroeconomics Program at the National Bureau of Economic Research (NBER). She is co-editor of the current Handbook of International Economics with former IMF Economic Counsellor Kenneth Rogoff. Currently, Gopinath is the John Zwaanstra Professor of International Studies and Economics at Harvard University. She is the third woman in the history of Harvard to be a tenured professor at its esteemed economics department and the first Indian since the Nobel laureate Amartya Sen to hold that position.

Notes:
Petroleum and Natural Gas Minister, Dharmendra Pradhan has recently launched an innovative initiative called SATAT (Sustainable Alternative Towards Affordable Transportation) in New Delhi on 1st October 2018 to promote Compressed Bio-Gas (CBG) as an alternative fuel. In it, Public sector oil marketing companies – Indian Oil, Hindustan Petroleum and Bharat Petroleum – will seek expression of interest from potential entrepreneurs to set up CBG production plants and make it available in the market for use as auto fuel. The Bio-gas is produced naturally through a process of anaerobic decomposition from waste / bio-mass sources like agriculture residue, cattle dung, sugarcane press mud, municipal solid waste, sewage treatment plant waste, etc. After purification, it is compressed and called CBG, which has pure methane content of over 95%. Compressed Bio-Gas is exactly similar to the commercially available natural gas in its composition and energy potential. Thus, this move will benefit vehicle-users as well as farmers and entrepreneurs.

Notes:
On the occasion of 149th Gandhi Jayanti, the Odisha government has launched its own food security scheme to benefit 25 lakh poor people that were excluded from the National Food Security Act (NFSA), 2013. The scheme was launched by Chief Minister Naveen Patnaik at the State Secretariat in Bhubaneswar. The beneficiaries will get 5 kg of rice per person per month at the rate of Rs 1 per kg. The State government will spend Rs. 443.5 crore per annum to support the scheme and Rs. 221.75 crore in the current financial year.

Notes:
India has been ranked 5th, jointly with Hong Kong and Thailand, in terms of the largest pictorial warning on cigarette packs with 85% of both sides of the packets covered, according to latest Canadian Cancer Society report. As per 2018 report, Out of 206 nations, Timor Leste has the largest warning on cigarette packages in the world with 92.5% on front and back, followed by Nepal and Vanuatu with 90% and New Zealand at fourth with 87.5%.The Cigarette Package Health Warnings: International Status Report 2018 highlighted that 118 countries worldwide have made pictorial warnings mandatory, representing a global public health achievement, and 58% of the world’s population is covered by this regulation. The current report is the 6th Canadian Cancer Society international report on cigarette package health warnings. The report released in Geneva at the 8th session of the Conference of the Parties to the WHO Framework Convention on Tobacco Control (FCTC) revealed that there was tremendous international momentum for plain packaging of tobacco.

Notes:
The Government of India (GoI) has recently constituted a 7-member ministerial panel headed by Bihar Deputy Chief Minister Sushil Modi to examine modalities for revenue mobilisation in case of natural calamities and disasters. The panel would submit its report to the GST Council by October 31. The Group of Ministers (GoM) has been set up to examine the legality of imposing a new tax on certain goods to raise resources for natural calamity-hit states like Kerala. The panel would look into five issues flagged by the Council, including whether the new tax should be levied only in the state concerned or should it be an all-India levy, and that should it be on specified luxury or sin goods only. Besides, the GoM will look at whether National Disaster Response Fund (NDRF)/ State Disaster Response Fund (SRF) mechanism is sufficient to deal with calamities as well as define circumstances where the ‘calamity tax’ can be imposed. Other issues such as the legal aspect of imposition of such a tax within the GST would also be looked at.

Notes:
India has signed $150 million loan pact with the Asian Development Bank (ADB) to establish its first-ever Global Skills Park (GSP) in Bhopal, Madhya Pradesh. The aim of the GSP is to enhance the quality of Technical and Vocational Education And Training (TVET) System in the State and create a more skilled workforce. The new GSP campus will consist of core Advanced Training Institutes including the Center for Occupational Skills Acquisition and the Center for Advanced Agricultural Training as well as other support services focusing on entrepreneurship, training of trainers, and skill-related research. The campus will have training facilities focusing on skills for manufacturing, service, and advanced agricultural jobs, benefitting about 20,000 trainees and trainers. The Project will also help in modernizing 10 industrial training institutes across the state by renovating training infrastructure and upgrading skills courses to align with industry and market needs.

Notes:
The 10th Biennial International Exhibition & Conference “India Chem 2018” was held in Mumbai, Maharashtra from October 4-6. The conference was jointly organised by the Department of Chemicals and Petrochemicals and Federation of Indian Chambers of Commerce and Industry (FICCI). India Chem 2018 will showcase Government policy for sustained growth in the sector that will provide platform for investors, both domestic and international, and other stakeholders to interact and forge alliances. It is one of the largest composite events of Chemicals and Petrochemicals industry of the Asia Pacific region. The event comprises of an international exhibition and a conference of representatives of participating global giants from various associated fields.

Notes:
The World Teachers’ Day (WTD), also known as International Teachers Day, is held every year on October 5 to focus on “appreciating, assessing and improving the educators of the world” and to provide an opportunity to consider issues related to teachers and teaching. The day also commemorate the anniversary of the signing of the 1966 ILO/UNESCO Recommendation concerning the Status of Teachers. For 2018, the UNESCO adopted the theme: “The right to education means the right to a qualified teacher”. It commemorates the 70th anniversary of the Universal Declaration of Human Rights (1948) and serves as a reminder that the right to education cannot be realized without trained and qualified teachers.

Notes:
Vikram Limaye, the MD and CEO of National Stock Exchange’s (NSE), has been appointed the Chairman of the Working Committee (WoCo) and Director on the Board of the World Federation of Exchanges (WFE). The decision was taken at the global body’s 58th general assembly and annual meeting that is currently underway in Athens, Greece. The WFE is the global industry association for exchanges and clearing houses. It represents nearly 45,000 listed companies & has its headquarters in London. It works with policy makers and regulators around the world to support the development of effective rules and standards for exchanges and market participants.