Current Affairs Quiz - April, 2019

Notes:
Zuzana Caputova, a liberal environmental activist and a political newcomer, has been elected as the first female President of Slovakia. She framed the election as a struggle between good and evil. With 58% of the vote, Caputova edged out European Commission Vice President Maros Sefcovic, a diplomat backed by the county’s governing Smer-Social Democracy party. She is set to take office on June 15, after the tenure of incumbent Slovak President Andrej Kiska finishes.

Notes:
According to a new collaborative study by the Queen’s University Belfast and Aberystwyth University in the UK, the sun’s magnetic field is ten times stronger than previously thought. Using the Swedish one-metre Solar Telescope at Roque de los Muchachos Observatory, in the Canary Islands, David Kuridze studied a particularly strong solar flare which erupted near the surface of the Sun on September 10, 2017. A combination of favourable conditions and an element of luck enabled the team to determine the strength of the flare’s magnetic field with unprecedented accuracy. The researchers believe the findings have the potential to change our understanding of the processes that happen in the Sun’s immediate atmosphere. The study found that the sun’s corona extends millions of kilometres above the surface, measuring 1,400,000 kilometres across — 109 times larger than Earth — and 150,000,000 km from Earth. Solar flares appear as bright flashes and occur when magnetic energy that has built up in the solar atmosphere is suddenly released. These solar flares can lead to storms which, if they hit Earth, form the northern lights — the Aurora Borealis. They can also disrupt communications satellites and GPS systems.

Notes:
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.

Notes:
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.

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The International Day for Mine Awareness and Assistance in Mine Action is observed every year on April 4 to raise awareness about landmines, explosive remnants of war, and progress toward their eradication. The 2019 Theme is “United Nations Promotes SDGs – Safe Ground – Safe Home”.

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Chinese scientists have discovered a possible “death switch” mechanism in plant’s immune system that triggers infected cells to self-destruct, thus limiting the spread of the disease and keeping other parts of the plant healthy. This is as per the findings published in the journal ‘Science’. The discovery provides clues to cell death control and immunity for plants. The researchers hope further research can lead to a new generation of disease-resistant crops that use significantly less pesticide and are more environmentally friendly. The research was done by scientists from Tsinghua University and the Chinese Academy of Sciences’ Institute of Genetics and Development Biology. The ‘death switch’ is usually harmless to the plant because it only affects diseased cells, which are a tiny portion of the entire plant.

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The National Maritime Day (NMD) of India is celebrated every year on April 5 to spread awareness in supporting intercontinental commerce and the global economy. On this day, in 1919, navigation history was created when SS Loyalty, the first ship of the Scindia Steam Navigation Company, journeyed to the United Kingdom. It was a crucial step for Indian shipping history when sea routes were controlled by the British. The theme of the 56th edition of the NMD 2019 is “Indian Ocean-An Ocean of opportunity”. According to the Directorate General of Shipping, India now has 43 shipping companies owning 1,401 ships with a combined 12.69 million gross tonnage’ as of December 2018.

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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The Sri Lankan army has decided to conduct its largest ever military exercise titled ‘Exercise Western Shield’ in July 2019 to provide an opportunity for army trainees to march through areas that are not usually accessible to others, except forest conservation authorities. It will see participation of over 5,000 soldiers and will extend from Mannar to Puttalam, including Kalpitiya, Wilpattu National Park, Mavillu and Thabbowa Forest Reserves and the Western coastal belt. The exercise is coincided with 10 years since the end of the island’s 30-year civil conflict between government troops and Tamil Tiger rebels.

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The World Bank (WB) has recently released its latest edition of Migration and Development Brief. In it, India has retained its position as the world’s top recipient of remittances with its diaspora sending a whopping $79 billion back home in 2018. India was followed by China ($67 billion), Mexico ($36 billion), the Philippines ($34 billion), and Egypt ($29 billion). Over the last three years, India has registered a significant flow of remittances from $62.7 billion in 2016 to $65.3 billion 2017. According to the report, remittances to low-and middle-income countries reached a record high of $529 billion in 2018, an increase of 9.6% over the previous record high of $483 billion in 2017. Global remittances, which include flows to high-income countries, reached $ 689 billion in 2018, up from $633 billion in 2017.