Monthly Current Affairs Quiz - October, 2018

Notes:
President Ram Nath Kovind has given his assent to the Karnataka Good Samaritan and Medical Professional (Protection and Regulation During Emergency Situations) Bill, 2016. The bill provides legal protection to the good samaritans in Karnataka, who help accident victims with emergency medical care within the golden hour. In medical terms, the ‘golden hour’ is the first hour after a traumatic injury when emergency treatment is very crucial. Now, the legislation will encourage people to offer first aid to victims without the fear of legal wrangles. With this, Karnataka has become the India’s first state to give legal protection to good samaritans. Under the new law, the Karnataka government will provide financial help to Good Samaritans who help victims. They will be exempted from repeated attendance in courts and police stations, and in case attendance is mandatory, expenses of such “running around to courts and police stations” will be taken care through the proposed Good Samaritan Fund.

Notes:
The Union Ministry of Corporate Affairs (MCA) has recently constituted an 11-member high-level committee on Corporate Social Responsibility (CSR) to review the existing framework and guide and formulate the roadmap for a coherent policy on CSR under the companies law. The Committee, which will be headed by Corporate Affairs Secretary Injeti Srinivas, will analyze outcomes of CSR activities, programmes, projects and suggest measures for effective monitoring and evaluation of CSR by companies. Suggestions are also expected on innovative solutions, use of technology platform to connect stakeholders and social audit. The Companies Act 2013 mandates that firms with a net worth of at least Rs 500 crore or revenue of Rs 1,000 crore or net profit of Rs 5 crore should spend at least 2% of their net profit on CSR. The provision came into force from April 1, 2014. In India, around 14,000 companies are required to spend on various social projects under Section 135 of the Companies Act. The committee will review the Schedule 7 of the Act that defines the activities on which companies have to spend their CSR funds.

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:
Pandit Tulsidas Borkar (83), the legendary harmonium exponent, has passed away in Mumbai, Maharashtra on September 29, 2018. Born in Borim (Goa), he was conferred with the Padma Shri award in 2016 for his contributions to Indian music. He was also a recipient of the Sangeet Natak Akademi Award in 2005. Borkar was known for both solo performances as well as his unique style of accompanying Indian classical singers. Among others, he had accompanied legendary singers such as Ustad Amir Khan, Bhimsen Joshi and Kishori Amonkar.

Notes:
Teenage shooting star Manu Bhaker has been named as the flag-bearer of the Indian contingent for the 3rd Youth Olympic Games to be held at Buenos Aires in Argentina from October 6-18. Goa Olympic Association Secretary Gurudutta D Bhakta will be the Chef-de-Mission of the contingent. It is India’s largest ever contingent at the Youth Olympics. Hockey 5s has most number of Indian participants with 18 (nine each in men’s and women’s team) while track and field has seven athletes. Other Indian participants are: shooting (4), recurve archery (2), badminton (2), swimming (2), table tennis (2), weightlifting (2), wrestling (2), rowing (2), boxing (1), judo (1), sport climbing (1).

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:
On the 149th birth anniversary of Mahatma Gandhi, Assam Chief Minister Sarbananda Sonowal hoisted India’s tallest National Flag from the average city elevation at the Gandhi Mandap in Guwahati. The 9,600 sq ft flag stands on a 319.5 ft flag pole at Gandhi Mandap, a memorial for Mahatma Gandhi atop the Sarania Hill in the heart of Assam’s principal city. The tip of the flag pole from the base of the hill is about 300 metres that makes it the tallest from the mean sea level. It carries a flag of 120×80 feet dimension. Though, considering only the height of the flag pole, the National Flag at Gandhi Mandap is the third tallest in the country after Punjab’s Attari border (360 ft) and Pimpri Chinchwad Bhakti Shakti Chowk, Pune (351 ft). The total cost of the National Flag installation project is Rs 2.92 crore, which includes operations and maintenance for a period of one year.

Notes:
Rio Paralympic gold medallist Thangvellu Mariyappan has been named as flag-bearer of the Indian contingent for the 3rd Paralympic Asian games to be held in Jakarta, Indonesia from October 6-13. India will field its biggest ever contingent of 302 members including athletes, coaches, support staff, escorts and officials. The Indian contingent were initially denied entry on Oct 1 when they arrived at the Games Village as the Sports Ministry had not till then cleared funds to the tune of $2.5 lakh. However, the issue was later resolved.

Notes:
On the 149th birth anniversary of Mahatma Gandhi, the Small Industries Development Bank of India (SIDBI) has launched a National Level Entrepreneurship Awareness Campaign – Udyam Abhilasha, in 115 aspirational districts identified by NITI Aayog in 28 States. The purpose of the campaign is to inspire rural youth in aspirational districts to be entrepreneurs by assisting them to set up their own enterprise. The 6-day campaign would run parallel from 3rd October across India. It would create and strengthen cadre of more than 800 trainers to provide entrepreneurship training to the aspiring youths, encouraging them to enter the admired segment of entrepreneurs. The SIDBI has partnered with Common service centres, e-Governance Services India Limited, a Special Purpose Vehicle, set up by the Ministry of Electronics and IT for implementing the campaign. SIDBI is the principal financial institution for the promotion, financing and development of the MSME sector.

Notes:
Prime Minister Narendra Modi inaugurated the first-ever General Assembly of International Solar Alliance (ISA) at Vigyan Bhawan in New Delhi from 2nd October 2018. He pitched for “one-world, one-sun, one-grid”, to harness the energy potential offered by the sun. Beside this, PM Modi also announced the “universalization” of membership for the first treaty-based international government organization headquartered in India that will help provide a platform for climate justice. The same event also marked the inauguration of the 2nd IORA Renewable Energy Ministerial Meeting, and the 2nd Global RE-Invest (Renewable Energy Investors’ Meet and Expo). Over 150 speakers including 55 international speakers from 15 countries will take part in it. The India and France-led ISA is an inter-governmental treaty-based organisation of countries between the Tropic of Cancer and Tropic of Capricorn to promote solar energy in the member nations.