Current Affairs Quiz - August, 2019

Notes:
Denmark’s third largest, Jyske Bank has launched the world’s first negative interest rate mortgage and started to offer a10-year mortgage deals at a negative interest rate of 0.5% a year. Under its negative mortgage, borrowers will pay the usual EMI but the outstanding amount will be slashed each month by more than the borrower has paid. The unconventional decision is the latest in a series of moves central and commercial banks in advanced economies have undertaken to revive demand and boost consumption.

Notes:
Environmental NGO Greenpeace has recently released an analysis of a National Aeronautics and Space Administration (NASA) Ozone Monitoring Instrument (OMI) satellite data. as per country-wise world rankings, India is the world’s largest emitter of Sulphur Dioxide (SO2) as it has the maximum hotspots. It contributes more than 15% of all anthropogenic SO2 hotspots in the world. The major SO2 emission hotspots in India are Singrauli in Madhya Pradesh, Neyveli and Chennai in Tamil Nadu, Talcher and Jharsuguda in Odisha, Korba in Chhattisgarh, Kutch in Gujarat, Ramagundam in Telangana and Chandrapur and Koradi in Maharashtra. According to report, the vast majority of plants in India lack Flue-Gas Desulfurization (FGD) technology to reduce their air pollution. Individually, the Norilsk smelter complex in Russia is the largest SO2 emission hotspot in the world, followed by Kriel in Mpumalanga province in South Africa and Zagroz in Iran. Singrauli in Madhya Pradesh is at 5th position.

Notes:
Top Indian sprinters Hima Das and Mohammad Anas have won a gold each in women’s and men’s 300m races respectively at the 2019 Athleticky Mitink Reiter event in Czech Republic. This was Hima’s 6th gold in 2019 in European races since July 2. On the other hand, Mohammad Anas won the gold clocking 32.41 seconds. India’s Nirmal Tom clinched a bronze in the same event by clocking a timing of 33.03 seconds. National record holder Anas has already qualified for 400m event for the World Championships to be held in Doha in September-October while Hima is yet to achieve it.

Notes:
The Union Tourism Ministry has decided to offer e-Tourist Visa fee based on tourist footfall to attract foreign travellers from over 160 countries to India. The ministry has proposed to introduce e-visa fee for short duration of 30 days during peak tourism season – from July to March — at a charge of 25. However, the e-visa fee during the lean period — from April to June — is to be kept at 10. The Ministry also introduced a new 5 year e-tourist visa the fee of which will be 80 and the fees of one year e-visa would be 40. Though, there will be no visa fee for tourists from 14 Pacific Island nations belonging to Forum for India-Pacific Islands Cooperation (FIPIC) — Fiji, Cook Islands, Kiribati, Marshall Islands, Micronesia, Nauru, Niue Island, Palau, Papua New Guinea, Samoa, Solomon Islands, Tonga, Tuvalu and Vanuatu — and Myanamar, Argentina, Indonesia, Jamaica, Mauritius, Seychelles, South Africa and Uruguay. Both the Ministry of Home Affairs (HA) and the Ministry of External Affairs (MEA) have given approval to the flexible e-tourist visa regime.

Notes:
The first-ever International Day for Victims of Acts of Violence based on Religion or Belief is observed on 22nd of August 2019 to honour the victims and survivors of heinous acts who often remain forgotten. This is a great opportunity to raise awareness about religious intolerance, and violence and discrimination against anyone based on their religion or belief.

Notes:
The Government of India (GoI) has recently notified the Sabka Vishwas – Legacy Dispute Resolution Scheme 2019 to reduce legacy service tax and central excise cases in the pre-GST era. The scheme will be operationalized from 1st September 2019 & would continue till 31st December 2019. The two main components of the Scheme are dispute resolution and amnesty. The most attractive aspect of the scheme is that it provides substantial relief in tax dues for all categories of cases as well as full waiver of interest, fine and penalty. For all the cases pending in adjudication or appeal – in any forum – this Scheme offers a relief of 70% from the duty demand if it is Rs.50 lakhs or less and 50% if it is more than Rs. 50 lakhs. The same relief is available for cases under investigation and audit where the duty involved is quantified and communicated to the party or admitted by him in a statement on or before June 30, 2019. The scheme is especially tailored to free the large number of small taxpayers of their pending disputes with the tax administration.

Notes:
The Tamil Nadu government has recently launched its exclusive education TV channel – Kalvi Tholaikkatchi – to benefit students of classes I to XII. The content will include shows aimed at school children, besides those on jobs and related issues. The Education TV will telecast programmes from 6 am to 9.30 pm every day. The programmes will be based on board exam preparation for students, employment news and opportunities for the youth and career-guidance information. The content for the channel has been prepared by a group of 25 teachers and the programmes will also have guest speakers like authors and subject experts. The State Council for Educational Research and Training (SCERT) has also contributed towards content development for the channel. The TN SCERT has a channel on YouTube already with around 2.5 lakh subscribers and more than 3,000 videos. The videos range from chapter-wise tutorials on subjects to easy science experiments conducted by middle school students.

Notes:
Prabhakar Singh, Director General (DG) of Central Public Works Department (CPWD), has been chosen for the ‘Eminent Engineer Award for the Year 2019’ by the Institution of Engineers (India) for his distinguished and exemplary Service in the field of Engineering and Technology. This Elite and Prestigious Award shall be conferred to him on the ‘Engineers Day’ on September 15, 2019 in New Delhi. Singh is an IIT Graduate and MBA from one of the Premier Business Institute of the Country. His enormous contributions and dedicated Service to the Nation as an Eminent Technocrat has been instrumental in transforming the Premier Engineering Organisation of the Central Government – CPWD.

Notes:
The 4th edition of the Internet of Things (IoT) India Congress 2019 held in Bengaluru, Karnataka. The theme of Edition is ‘Mainstreaming the Internet of Things’. It is the India’s largest confluence of digital technology. The 2-day session focused on 10 tracks viz. Energy, Healthcare, Defence, Standards and Regulatory, Retail, Digital Communication, Skills and Development, Agriculture, Manufacturing and Smart Cities.

Notes:
Wing Commander Shalija Dhami has scripted history by becoming India’s first female officer of the Indian Air Force (IAF) to become the Flight Commander of a flying unit. She took over as flight commander of a Chetak helicopter unit at Hindon airbase in Ghaziabad, Uttar Pradesh. Chetak is a single engine turbo shaft, light utility helicopter with capacity of 6 passengers and has maximum speed of 220 km/hour. Flight Commander is the second in command of the unit. The helicopter is suitable for commuting, cargo / material transport, casualty evacuation, Search & Rescue (SAR), Aerial Survey & MAybePatrolling, Emergency Medical Services, Off-shore operations and Under slung operations.