Monthly Current Affairs Quiz - October, 2018

Notes:
Four-time Olympic gold medallist athlete Sanya Richards-Ross will be the event ambassador for the Airtel Delhi half marathon to be held on October 21. She is the fastest American woman in the history of 400m with her time of 48.70s set at the 2006 IAAF World Cup. Ross was the best 400m runner in the world for a decade, ranking No. 1 in the world from 2005-2009 and again in 2012. In addition to her Olympic accolades, she is also a 7-time medalist at the World Championships in Athletics (five of which are gold).

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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.”

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The United Nations Conference on Trade and Development (UNCTAD) has expected India’s economy to grow 7.0% in calendar year 2018 compared with 6.2% in 2017. As per the report “Trade and Development”, the effects of demonetization are still evident in private consumption trends within the economy. It also emphasised that countries like India and Thailand, which have been most favoured by foreign investors and experienced the largest spike in asset prices, would be most vulnerable to capital outflows. Further, countries like India which are dealing with Current Account Deficits (CAD) have a tendency of reducing imports. This assumes significance in the wake of India putting in place measures to control the rising CAD and capital outflows.

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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.

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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.

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American scientist Arthur Ashkin, French engineer Gerard Mourou and Canadian professor Donna Strickland have been awarded the Nobel Prize in Physics for their work in the field of laser physics. Dr. Ashkin has been awarded the Prize “for the optical tweezers and their application to biological systems. Dr. Mourou and Dr. Strickland have been awarded “for their method of generating high-intensity, ultra-short optical pulses”. With this, Dr. Strickland has become the third female laureate to win the Nobel Prize in Physics, after Maria Goeppert-Mayer and Marie Curie.

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On October 3, the Government of India (GoI) and the Asian Development Bank (ADB) signed $240 million loan for providing safe and sustainable drinking water to about 1.65 million people in three districts of the state of West Bengal affected by arsenic, fluoride, and salinity. The purpose of the project is to mitigate these risks through provision of continuous potable water through metered connections to about 390,000 individual households in three districts – Bankura, North 24 Parganas, and Purba Medinipur. The project is supported by a grant of $3 million from the Japan Fund for Poverty Reduction, financed by the Government of Japan, and a $2 million grant from ADB’s Urban Climate Change Resilience Trust Fund (UCCRTF). This will support the state government in strengthening its smart water management system, improve flood-related early warning and response, and provide training on operation and maintenance as well as climate change and disaster resilience.

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The cave shrine of Mata Vaishnodevi in Reasi district of Jammu and Kashmir (J&K) has been declared the “cleanest religious place” in the country. Over 81.78 pilgrims visited the shrine in Trikuta hills in the district in 2017. Mata Vaishno Devi shrine has won the prestigious ‘cleanest religious place’ award at Safaigiri Summit and Awards 2018 ceremony organised by the India Today Group in Mumbai on the occasion of Gandhi Jayanti. The award has been given in recognition of the significant strides made by the shrine board for ensuring sanitation and cleanliness all along the tracks and in the entire shrine area. The Shri Mata Vaishno Devi Shrine Board (SMVSB) has introduced water less urinals based on ‘flush-me-not’ technology to curtail water consumption significantly and reverse vending machines to promote scientific disposal and recycling of PET bottles. This is the 2nd successive year when the board has been awarded in the field of sanitation as in 2017 it had received the ‘Special Swachh Iconic Place’ award under the ‘Swachhta Hi Seva’ campaign of the Government of India (GoI).

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India has been ranked 28th among 73 countries in the Visa’s 2018 Government e-Payment Adoption Ranking (GEAR). The 2018 GEAR is an Economist Intelligence Unit (EIU) global Index and benchmarking study commissioned by Visa. This is the third edition of the study after those in 2007 and 2011. It ranks governments by quantifying their e-payment capabilities based on various indicators. The survey has lauded India for taking “rapid strides” in advancing government e-payments capabilities and called it one of the top- performing countries in terms of Citizen-to-Government (C2G), Government-to-Citizen (G2C), Business-to-Government (B2G), Government-to-Business (G2B) transactions. Norway leads the pack in the 73-country ranking, followed by France and Denmark. The 73-country survey looks at availability of government electronic transaction services and the underlying environment of mechanisms that support digitisation for all transactions in a market, such as policy and infrastructure.

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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.