Current Affairs Quiz - April, 2019

Notes:
South Korea has won the 2019 Sultan Azlan Shah Hockey tournament. In the final, they defeated five time champion India in a penalty shootout 4-2 at Ipoh in Malaysia on April 1. Till the stipulated time both the teams had a score of 1 goal each. Even India was leading with one goal till half time. Simaranjit Singh hit a goal for India. Jang Jong Hyun scored the goal for South Korea. Hosts Malaysia defeated Canada 4-2 and secured the 3rd place. Asian games Gold medalist Japan stood at 5th place, defeating Poland 6-1.

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On March 28, President Ram Nath Kovind became the first-ever Indian President to visit Bolivia. Here, President Evo Morales Ayma conferred the highest State Honour of Bolivia – Condor de los Andes en el Grado de Gran Collar – on President Kovind. Both the countries have agreed to facilitate Bolivian supplies of lithium Carbonate to India and foster joint ventures for Lithium battery / cell production plants in India. This move will make Bolivia, which is known to have one-fourth of the world’s lithium reserves, one of the major provider of metal for India’s e-mobility and e-storage needs. To mark the 150th Birth Anniversary of Mahatma Gandhi, India offered two busts of Gandhiji to Bolivia. The Bolivian side accepted the offer and is likely to place the busts in its capital La Paz and its largest city Santa Cruz. This South American nation has also joined the International Solar Alliance (ISA) by signing the framework agreement on ISA. In a total, India and Bolivia have signed 8 MoUs in various fields of mining, space, traditional medicine during President’s Kovid three day visit to the country.

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The Reserve Bank of India (RBI) has cut its repo rate under Liquidity Adjustment Facility (LAF) by 25 basis points to 6.0% in its first bi-monthly policy statement of the current financial year FY20, with immediate effect. The move will cheer markets and investors and is the second consecutive rate cut by the RBI. It has also maintained the policy stance neutral and lowered the retail inflation and GDP forecasts. This is the second consecutive rate cut from RBI under new Governor Shaktikanta Das, after a rate cut in February 2019. Consequently, the reverse repo rate under the LAF stands adjusted to 5.75%, and the Marginal Standing Facility (MSF) rate and the Bank Rate to 6.25%. These decisions are in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4% within a band of plus or minus 2% while supporting growth.

Notes:
The Indian Army has constructed the 260 feet long cable-suspension bridge ‘Maitri Bridge’ over Indus river at Choglamsar village in Leh in a record time of 40 days. It is the longest suspension bridge over the river and is built by combat engineers of the ‘Sahas aur Yogyata’ regiment of the Indian Army’s ‘Fire and Fury Corps’. The name of the bridge, “Maitri”, is meant to symbolise the amity and solidarity between soldiers and locals. The bridge is expected to improve connectivity in remote regions of Leh and Ladakh. It will connect the remote areas of Choglamsar, Stok and Chuchot, which are said to be the largest villages in the region.

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On April 5, Vice President M. Venkaiah Naidu inaugurated the National Cardiology Conference 2019 at Sanjay Gandhi Post Graduate Institute of medical sciences in Lucknow, Uttar Pradesh. The 3-day conference will be organized by Dept of Cardiology in which leading national and international experts from Europe, USA, Japan, Singapore South Korea, Indonesia and Australia will deliberate on the latest topics of Interventional cardiology and cutting edge technology. The conference being held for the first time in Uttar Pradesh offers an opportunity to showcase newer innovations in Cardiology that can help deliver cost-effective cardiology care to patients.

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The Nepal-India Franchise Investment Expo and Conclave will be held in Kathmandu from 15th to 16th May, 2019. The event primarily focuses on building the relations between India and Nepal through entrepreneurship development. The conclave is organised by Federation of Nepalese Chambers of Commerce & Industry (FNCCI) in association with Embassy of India and Franchise India. The event is expected to introduce new investment opportunities to Nepalese market. According to Indian Ambassador Manjeev Singh Puri the summit will help in bringing the leading Indian iconic brands to Nepal. Their entry would not only bring investment into Nepal but also technology transfers and business know how. According to organizers 250 businesspersons and investors will attend the conclave and more than 1000 prospective franchisees and investors are expected to visit the expo.

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The Japan Aerospace Exploration Agency (JAXA) has said that its Hayabusa2 spacecraft has successfully blasted the surface of an asteroid Ryugu to make a crater on its surface. The move will pave the way for the collection of underground samples for possible clues to the origin of the solar system. For this, the Hayabusa2 dropped a “small carry-on impactor” made of copper onto the asteroid and the spacecraft safely evacuated and remained intact. Now, JAXA is analyzing data to examine if or how the impactor made a crater. The copper explosive is the size of a baseball weighing 2 kg. If successful, it would be the first time for a spacecraft to take such materials. The asteroid, named Ryugu after an undersea palace in a Japanese folktale, is about 300 million kilometers (180 million miles) from Earth. Earlier, Hayabusa2 successfully touched down on a tiny flat surface on the boulder-rich asteroid in February 2019, when the spacecraft also collected some surface dust and small debris.

Notes:
David Malpass, a top US Treasury official in Trump administration, was unanimously selected as the new President of the World Bank for a period of five-years. The World Bank President is Chair of Boards of Directors of the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA). The President is also ex officio Chair of Boards of Directors of the International Finance Corporation (IFC), Multilateral Investment Guarantee Agency (MIGA), and the Administrative Council of the International Centre for Settlement of Investment Disputes (ICSID). Malpass has served on the boards of the Council of the Americas, Economic Club of New York, and the National Committee on US-China Relations.

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Kartik Chandra Rath (70), an eminent theatre organiser and playwright, has passed away in Cuttack , Odisha on April 1, 2019. He wrote a play called “Aie Desa, Aie mati” at the young age of 15 and then never looked back in his artistic journey. His play “Bhagwan Jane Manisha” staged at the National Theatre festival in Allahabad way back in 1980s gave him an opening as a dramatist from where he scripted a passionate career as a dramatist. Recipient of Kendra Sangeet Natak Akademi award and Odishi Sangeet Natak Akademi award, Rath has penned over hundred plays and directed over 500 plays in his career as a dramatist. He is known for organising the international theatre festival in Cuttack for more than 20 years. He won the prestigious literary award for his One Act Play ‘Nisang Bisarga’. “Mansara Phula” is his another widely acclaimed play, which was staged at various theatre festivals across the country.

Notes:
Justice Pradeep Nandrajog has recently taken oath as the new Chief Justice of the Bombay High Court. He was administered the oath by Maharashtra Governor C Vidyasagar Rao at the Raj Bhavan. Justice Nandrajog was serving as the Chief Justice of the Rajasthan High Court since March 2017, following his transfer from the Delhi High Court.