Current Affairs Quiz - August, 2019

Notes:
The Asia-Pacific Group (APG) of the Financial Action Task Force (FATF) is a global watchdog for terror financing and money laundering. It has recently put Pakistan in the Enhanced Expedited Follow Up List (Blacklist) for its failure to meet its standards. The APG has also found that Pakistan was non-compliant on 32 of the 40 compliance parameters of terror financing and money laundering. On 11 effectiveness parameters of terror financing and money laundering, Pakistan was adjudged as low on 10. According to officials, Pakistan could not convince the 41-member plenary to upgrade it on any parameter. Now, Pakistan has to focus on avoiding the blacklist in October 2019, when the 15-month timeline ends on the FATF’s 27-point action plan.

Notes:
The NITI Aayog in association with Ministry of JAL Shakti and Ministry of Rural Development has released Composite Water Management Index 2.0 (CWMI 2.0). CWMI 2.0 ranks various states for the reference year 2017-18 as against the base year 2016-17. The CWMI is an important tool to assess and improve the performance of States/ Union Territories in efficient management of water resources. The index would provide useful information for the States and also for the concerned Central Ministries/Departments enabling them to formulate and implement suitable strategies for better management of water resources.

Notes:
NITI Aayog has recently released report on the Composite Water Management Index 2.0 (CWMI 2.0) for reference year 2017-18 . Gujarat has been ranked first in the CWMI 2.0, followed by Andhra Pradesh, Madhya Pradesh, Goa, Karnataka and Tamil Nadu. In North Eastern and Himalayan States, Himachal Pradesh has been adjudged No. 1 in 2017-18 followed by Uttarakhand, Tripura and Assam. The Union Territories have first time submitted their data and Puducherry has been declared as the top ranker. In terms of incremental change in index (over 2016-17 level), Haryana holds No. 1 position in general States and Uttarakhand ranks at first position amongst North Eastern and Himalayan States. On an average, 80% of the states assessed on the Index over the last 3 years have improved their water management scores, with an average improvement of +5.2 points.

Notes:
According to the latest date by Brazil’s National Institute for Space Research (Inpe), the Amazon Rainforest Forests in Brazil has recorded 74,155 fires since January 2019. Its satellite data showed an 84% increase as compared to the same period in 2018. The Amazon is the largest tropical forest in the world, which covers more than 5 million square kilometres across nine countries: Brazil, Bolivia, Colombia, Ecuador, French Guiana, Guyana, Peru, Suriname and Venezuela. It acts as an enormous carbon sink & stores up to an estimated 100 years worth of carbon emissions produced by humans, and is seen as vital to slowing the pace of global warming. It is the most significant climate stabilizer as it creates 20 percent of the air we breathe and it also holds 20% of the fresh flowing water on the planet. But in the last half-century alone, nearly 20% of the forest has disappeared. Scientists have warned that if tree loss in the Amazon were to pass a certain “tipping point”, somewhere between 25 -40%, deforestation could start to feed on itself and lead to the demise of the forest within a matter of decades. Hence, preserving the forest is of critical importance for both the region it encompasses and the rest of the world.

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:
In France, the 45th edition of G7 summit was held in Biarritz on 24-26 August 2019 with theme “Fighting Inequality”. The annual meet was attended by the leaders of 7 member states — France, Italy, Canada, United States, Japan, Germany and the United Kingdom. US President Donald Trump, British Prime Minister Boris Johnson and German Chancellor Angela Merkel are in Biarritz to discuss various issues during the G7 meeting. PM on way to France to attend G7 meeting in Biarritz; Theme of the summit is ‘Fighting Inequality’. Prime Minister Narendra Modi also attended the G7 meeting in which India has been invited as a partner country.

Notes:
The researchers at IIT-Guwahati have developed a novel technique for production of meat which is completely natural. The lab-grown meat is nutritious and will be a step towards cruelty-free food. The taste of the final meat product will remain similar as raw meat but with improvised nutritional values as per customer needs. The product can be printed in varying shapes and sizes using a 3D bioprinter with the edible components and preserved for future use. According to researchers, the meat industry has been facing immense pressure in keeping up with the food requirements due to rapid increase in population. Citing predictions from the UN population prospects, Dr Biman B Mandal stated that the current meat industry will not be able to meet the global needs by 2050. Around 4,000 litres of water are required to produce one kg chicken meat and more than 8,000 litres of water are required to produce one kg of mutton. Hence, the lab grown meat made will have immense value in the Indian as well as the foreign market as it is nutritious and can be tuned for the high in demand needs of fast-food joints.

Notes:
The Jabalpur-based Tropical Forest Research Institute (TFRI) has launched a mobile phone application containing details about insects and pests and their management. The app “INSECT PESTS” is a tool that provides information on insect and pests found in various forest areas and their management in tropical forests of central India. The app contains information in three categories– insect and pests of forest nurseries, of plantations, of natural forest–and their management. The app also has various features to identify pests, their host plants, infestation period, the nature of damage, their brief life history and also the measures to control them. The TFRI works under the Indian Council of Forestry Research and Education (ICFRE) of the Ministry of Environment, Forest and Climate Change.

Notes:
India will host the Conference Of Parties (COP 14) of the United Nations Convention to Combat Desertification (UNCCD) from 2nd to 13th of September 2019 at the India Mart and Expo in the Greater Noida area of New Delhi. The event will see participation of over 3000 representatives from over 200 countries which will include Ministers from around 100 countries. The focus of the conference will be on desertification and degradation of land.

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.