Current Affairs Quiz - February, 2019

Notes:
The central banks of the UAE and Saudi Arabia have launched a common digital currency called “Aber”, which will be used in financial settlements between the two countries through Blockchains and Distributed Ledgers technologies. It will establish an additional means for the central financial transfer systems of the two countries and enable banks to directly deal with each other in conducting financial remittances. Through this digital currency, both the United Arab Emirates Central Bank (UAECB) and the Saudi Arabian Monetary Authority (SAMA) are studying the impact on the improvement and reduction of remittance costs and the assessments of risks.

Notes:
Union Finance Minister Piyush Goyal has been awarded the Carnot prize for his contribution towards sustainable energy solutions by the team of University of Pennsylvania on January 30. The award recognizes Goyal’s tenure as minister of power in which he is credited to have reformed the electricity sector and extended access to electricity to 18,000 villages, as documented by the International Energy Agency (IEA). He was to be awarded the prize by the Kleinman Center for Energy Policy at the University Of Pennsylvania School Of Design in October 2018. But, he had to skip the event because of the Amritsar tragedy in which over 60 people died after being mowed down by a train.

Notes:
The International Energy Agency (IEA) has prepared the report titled ‘The Future of Rail’ in association with the International Union of Railways (UIC). This first-ever global report has a specific focus on India, where rail passenger traffic increased by nearly 200% since 2000. The report stated that Indian railways will account for nearly 40% of total global rail activity by 2050. The investments in Indian urban rail infrastructure are estimated to reach nearly 190bn by 2050. As a result, India can save up to 64bn on fuel expenses by that time. The IAEA report analyses the current and future importance of rail around the world through the perspective of its energy and environmental implications. As per the report, the rail sector carries 8% of the world’s passengers and 7% of global freight transport but it utilises only 2% of total transport energy demand. The regions with the highest share of electric train activity are Europe, Japan and Russia, while North and South America still rely heavily on diesel. Most conventional rail networks are located in North America, Europe, China, Russia, India, and Japan.

Notes:
The 12th edition of the India’s premier air show – Aero India 2019 will be held at Air Force Station at Yelahanka in Bengaluru from February 20 to 24. The Ministry of Defence has lined up programmes for Start-Ups Day, Women’s Day, Daily Students’ Day, Drone Olympics and photography contests as sideshows to make it an interactive affair. More than 350 exhibitors will be accommodated in five hangers at the Air Force Station. This year, the aero show is themed ‘The Runway to a Billion Opportunities’, to communicate India’s value proposition in addressing the immense opportunities in the aerospace and aviation sectors in the country today. The logo for Aero India 2019 is inspired by the Tejas Light Combat Aircraft (LCA).

Notes:
As per the National Sample Survey Office’s (NSSO’s) periodic labor force survey (PLFS), India’s unemployment rate hit a 45 year high of 6.1% in 2017-18. The latest data on unemployment in India is the first comprehensive survey on employment conducted by a government agency after Prime Minister Narendra Modi announced demonetisation move in November 2016. The report, which is yet to come in public domain, stated that this level of unemployment was last seen in 1972-73. According to the survey, the rate of unemployment among rural males in the age group of 15-29 years was at 17.4%, more than three times the 2011-12 rate of 5%. A similar trend was seen in females in the same age group, where the rate jumped from 4.8% in 2011-12 to 13.6% in 2017-18. The rate of joblessness for urban youths was a whopping 18.7% for males and 27.2% for females.

Notes:
In Tamil Nadu, the 37th edition of the ICT Academy Bridge 2019 conference was held in Chennai with theme “Fostering India for Industry 4.0″. The event brought together industry experts, academic leaders and government policy-makers to address the challenges faced by India Inc. in the era of Fourth Industrial Revolution & therefore creating a correlated education ecosystem and formulating a strategic regulatory framework. It is the largest Industry-Institute Interaction Event of Asia and is organized by ICT Academy. The city witnessed more than 1,000 participants from government, industry and academia.

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Indian squash player Ramit Tandon has won the 2019 Seattle Open title by defeating Mohamed El Sherbini of Egypt in the final in USA. It is his fourth title in his career. The Seattle Open is a Professional Squash Association (PSA) challenger squash Tour event.

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Ladu Kishore Swain (71), the senior Biju Janata Dal (BJD) leader, has passed away in Bhubaneswar on 5 February 2019. He was elected to the 16th Lok Sabha in May 2014 from Aska constituency of Odisha.

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On 4th February, the Ministry of Road Transport and Highways launched the 30th National Road Safety Week (NRSW-2019) in New Delhi to raise public awareness about traffic rules and ultimately to reduce casualties due to road accidents. The 2019 theme is “Sadak Suraksha-Jeevan Raksha”. In an event at Gandhi Smriti and Darshan Samiti in Rajghat, Union Home Minister Rajnath Singh, External Affairs Minister Sushma Swaraj and Minister for Road Transport and Highways Nitin Gadkari also flagged off a motor car rally to commemorate the 150th Birth Anniversary of Mahatma Gandhi. The motor rally will cover around 7250 km and will travel through those places in India, Bangladesh and Myanmar which are historically associated with Gandhiji. The conclusion of the rally will take place at Yangon in Myanmar on the 24th February 2019.

Notes:
In Rajasthan, the joint Humanitarian Assistance and Disaster Relief (HADR) Exercise ‘RAHAT-2019’ will be conducted by Jaipur based Sapta Shakti Command on behalf of Indian Army from 11th February. The 2-day exercise will be conducted simultaneously in three places viz. Jaipur in the form of a table top exercise and at Kota and Alwar on-ground capability and coordination. The Joint exercise in coordination with NDMA is being conducted to synergise efforts for humanitarian assistance and disaster relief operations. Representatives from Armed Forces, National Disaster Management Response Mechanism (NDMRM), SDMA Rajasthan and DLMAs will be participating in the exercise.