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:
Global watchdog Transparency International (TI) has recently released 2018 Corruption Perceptions Index (CPI), which ranks 180 countries and territories by their perceived levels of public sector corruption according to experts and businesspeople. The index uses a scale of 0 to 100, where 0 is highly corrupt and 100 is very clean. Here, India has improved its ranking and jumped three positions to 78th with a CPI score of 41 at the 2018 index. Denmark has topped the index with 88 points, followed by New Zealand (with 87 points) and Finland with 85. Sudan was the worst with a score of 10 points, while Somalia and Syria followed it up with 13 points each. Overall, more than two-thirds of countries score below 50 in the 2018 CPI, with an average score of only 43. The 2018 index revealed that the continued failure of most countries to significantly control corruption is contributing to a crisis in democracy around the world. While there are exceptions, the data shows that despite some progress, most countries are failing to make serious inroads against corruption.

Notes:
Mohammed Shami has become the fastest Indian bowler to claim 100 ODI wickets, during the first ODI against New Zealand at McLean Park in Napier on 23rd January 2019. Shami reached the milestone in his 56th match, with the wicket of opener Martin Guptill. Before Shami, Irfan Pathan reached the 100-wicket mark in 59 ODIs, while Zaheer Khan (65 matches), Ajit Agarkar (67) and Javagal Srinath (68) are the other Indian bowlers to complete a century of wickets in the quickest time. The world record is currently held by Afghanistan leg-spinner Rashid Khan, who took 44 matches to reach the mark and broke the record of 52 matches, set by Mitchell Starc of Australia.

Notes:
The 13th International Oil & Gas Conference & Exhibition ‘PETROTECH-2019’ is being organised under the aegis of the Ministry of Petroleum & Natural Gas in Greater Noida from 10th to 12th February, 2019. India’s flagship hydrocarbon international conference is expected to be inaugurated by Prime Minister of India. Over 95 Energy Ministers from partner countries have been invited by the Minister for Petroleum and Natural Gas to participate in the Conference. The 3-day mega event will showcase the recent market and investor friendly developments that have taken place in the India’s oil and gas sector. It is expected to see participation of over 86 eminent speakers and 7000 delegates from around 70 countries, including technologists, scientists, planners, policy-makers, management experts, entrepreneurs, service-providers and vendors.

Notes:
Israel Aerospace Industries (IAI) has recently signed agreements worth $93 million for providing Naval MRSAM (Medium Range Surface-to-Air Missile) systems to India. The contracts for the air defence system were entered with the Indian Navy and the Cochin Shipyard. Under the contracts, IAI will provide complementary systems for the air defense system (ADS). The MRSAM family is an operational air-defense system used by Israel’s navy as well as by India’s naval, air and ground forces. It provides broad as well as topical defense against a range of assault air, marine and ground threats. MRSAM comprises several key state-of-the-art systems, including a digital radar, command and control, launchers, and interceptors with advanced homing seekers.

Notes:
The Department of Industrial Policy and Promotion (DIPP) has been renamed as the Department for Promotion of Industry and Internal Trade with a mandate to deal with matters related to start-ups, facilitating ease of doing business among others. The move comes amidst demand by traders’ body CAIT (Confederation of All India Traders) for forming a separate ministry for internal trade. The newly-named department under the Ministry of Commerce and Industry will look into matters related to promotion of internal trade, including retail trade, welfare of traders and their employees, facilitating ease of doing business and start-ups. Earlier, the matters related to internal trade were under the domain of the Ministry of Consumer Affairs.

Notes:
On 1st February, a music and dance festival ‘Sopan 2019’ has started at Central Park in New Delhi to encourage young and upcoming artistes to take up traditional art forms. The fest is organised by Sahitya Kala Parishad and the Delhi government in association with New Delhi Municipal Council (NDMC). It is an attempts to take forward the traditional Indian art forms. This 6-day long festival is an opportunity for upcoming talents from vocals and instruments to dance forms to set an audience base for themselves. Young artistes such as Odissi dancers Madhur Gupta and Premananda Sahoo, vocalist Shivam Bhardwaj, percussionists Aamir Hussan and Amaan Jamil, and Kathak dancers Mrinalini among others will perform during the musical extravaganza.

Notes:
On 2nd February, the Kala Ghoda Arts Festival (KGAF-2019) has started in Mumbai to commemorate 20 years of its inception. The fest is the India’s largest multi-cultural street festival, which will celebrate two glorious decades of art and culture through cinema, theatre, dance, literature and sculpture through various spots on Mumbai’s map. The festival will also host exhibition at the historic Jehangir Art Gallery to celebrate the 150th birth anniversary of Mahatma Gandhi and some rich history of Mumbai. Some of the festival highlights include screening of Khalil Mohammad’s documentary on Iranian cafes, performances by Pt. Hariprasad Chaurasia, Shaan, Prakriti and Sukriti Kakar, panel discussion on 26/11 attacks and its survivors, a session on working of drones, heritage walks, dances and shopping at Rampart Row. The festival will end on 10th February.

Notes:
Vani Kapoor has become the first Indian golfer to earn a card for the Australian Ladies PGA Tour (LPGA) after coming through its first-ever Qualifying Tournament at the Ballarat Golf Club. Vani shot rounds of 71, 78 and 69 to finish at two-over 218 and was tied-12th with three others. Vani has also qualified for Vic Open, co-sanctioned by the Australian LPGA and the US LPGA.

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.