Current Affairs Quiz - February, 2019

Notes:
Life Insurance Corporation (LIC) has recently launched a new micro insurance plan ‘Micro Bachat’. It is a regular premium, non-linked, participating endowment micro insurance plan, which offers a combination of protection and savings. For the first time, a micro insurance plan has been launched providing coverage up to Rs 2 lakh. This plan provides financial support for the family in case of unfortunate death of the policyholder during the policy term and a lumpsum amount at the time of maturity for the surviving policyholders. This plan is available for standard healthy lives only in the age group of 18-55 years without undergoing any medical examination. The policyholder need not undergo any medical examination.

Notes:
The Madhya Pradesh government has decided to host the 79th session of Indian History Congress (IHC) at Barkatullah University in Bhopal from February 26 to 28, 2019. The 79th session was earlier supposed to be held at the Savitribai Phule Pune University (SPPU) from December 28 but was cancelled due to financial reasons. Over 1,000 delegates including prominent historians are expected to participate in the IHC. This will be 2nd time Madhya Pradesh will host IHC after it was held earlier in 2011. IHC is the largest professional and academic body of Indian historians with over 10,000 members. It was established in 1935 and its first session was held at Bharat Itihas Sanshodhak Mandal, Pune. Its primary objective is to promote and encourage scientific study of Indian history.

Notes:
In Nepal, a month-long ‘Festival of India’ has started in Kathmandu to familiarize the new generation of the country about the similarities between the two countries. The festival, organised by the Indian Embassy and Swami Vivekananda Cultural Centre, is being held in Kathmandu and other major cities of Nepal from February 19th to March 21st.

Notes:
On 22nd February, Prime Minister Narendra Modi has been honored with the prestigious Seoul Peace Prize – 2018 for his contribution to international cooperation and fostering global economic growth. The award credited ‘Modinomics’ for reducing social and economic disparity between the rich and the poor. The Peace Prize committee also credited him for his contribution toward reginal and global peace through a proactive policy with countries around the world.The award was presented to him by the Seoul Peace Prize Foundation at a grand ceremony in Seoul. A short film on the life and achievements of Prime Minister Modi was also screened at the event. He dedicated the $200,000 prize money to ‘Namami Gange Programme’, which is flagship programme of his government to accomplish the twin objectives of effective abatement of pollution, conservation and rejuvenation of River Ganga.Modi is the 14th recipient of the award and the past laureates included former UN Secretary General Kofi Annan, German Chancellor Angela Merkel and renowned international relief organizations like Doctors Without Borders and Oxfam.

Notes:
The 16th meeting of the Russia-India-China (RIC) Foreign Ministers would be held at the Chinese city of Wuzhen in the eastern Zhejiang province on February 27. External Affairs Minister Sushma Swaraj will participate in the meeting together with the host Foreign Minister Wang Yi and the Russian Foreign Minister Sergey Lavrov. The Ministers are expected to exchange views on the global situation, regional developments of common concern, address global challenges such as terrorism and discuss trilateral exchanges and activities. The meeting assumes significance as it will be the first high-level interaction between India and China after the Pulwama terror attack carried out by Pakistan-based Jaish-e-Mohammad (JeM) in which 40 CRPF soldiers were killed on February 14. China has expressed shock over the incident, but reiterated its stand to block moves to list JeM chief Masood Azhar as a global terrorist by the UN’s 1267 Sanctions Committee. The last RIC Foreign Ministerial Meeting had been held in New Delhi on 11 December in 2017.

Notes:
At Aero India show 2019, Navratna Defence PSU Bharat Electronics Ltd (BEL) has launched its new product “Atmospheric Water Generator (AWG)” to meet the ever-increasing need for drinking water worldwide. The AWG employs a novel technology to extract water from the humidity present in the atmosphere and purify it. It uses heat exchange for condensing the atmospheric moisture to produce pure, safe and clean potable water. The AWG comes with a Mineralisation Unit, which is used to add minerals which are required to make the water potable. The AWG is configurable in static and mobile (vehicular) versions and is available in 30 litres/day, 100 litres/day, 500 litres/day and 1,000 litres/day capacities. The Atmospheric Water Generator can be used to provide drinking water in community centres and public places like health care centres, schools, colleges, offices, railway stations, bus stands, airports, sea ports, off-shore oil rigs, military establishments, remote field areas and remote establishments and residential complexes. It is manufactured by BEL in collaboration with CSIR-IICT and MAITHRI, a start-up company based in Hyderabad.

Notes:
The Central Board of Direct Taxes (CBDT) has formed a four-member committee to look into the matter of taxation related pain points and submit its final report and recommendations by mid-March 2019. Its recommendations could include applying a filter for tax officer before a notice is issued and setting a time limit for concluding an investigation. The committee is head by income tax commissioner Sanjeev Sharma.

Notes:
On 25th February, Prime Minister Narendra Modi has officially launched PM-KISAN (Pradhan Mantri Kisan Samman Nidhi Yojana) scheme from Gorakhpur in Uttar Pradesh. The scheme was announced in the interim Budget 2019-20 on1st February 2019. It is a Central Sector scheme with 100% funding from Government of India. Under the Scheme, Rs 6,000 will be given per year to small and marginal farmer families having combined land holding/ownership of upto 2 hectares. The amount will be given in three installments of Rs.2000 each. The amount will be transferred directly to the bank account of beneficiaries through Direct Benefit Transfer. DBT will ensure transparency in the entire process and will save time for the farmers. The Scheme was introduced to augment the income of the Small and Marginal Farmers (SMFs). It is estimated to benefit more than 12 crore small and marginal farmers. The aim of the scheme is to supplement the financial needs of the SMFs in procuring various inputs to ensure proper crop health and appropriate yields, commensurate with the anticipated farm income at the end of the each crop cycle. This would also protect them from falling in the clutches of moneylenders for meeting such expenses and ensure their continuance in the farming activities.

Notes:
Nigerian President Muhammadu Buhari, a member of the governing All Progressives Congress (APC) party, has been re-elected for a second four year term. The 76-year-old Buhari defeated his main rival, former Vice President Atiku Abubakar with a margin of around 4 million votes. Buhari has been lauded for his progress against the insurgent group Boko Haram, which has killed more than 10,000 and displaced millions.

Notes:
Assam Chief Minister Sarbananda Sonowal has recently launched the PRANAM Commission for protection of parents of state government employees. The Commission will look after the issues concerning a PRANAM (Parents Responsibility and Norms for Accountability and Monitoring) Bill to protect elderly parents of government employees in their times of need. PRANAM Bill, which was approved by the state cabinet in 2018, makes it mandatory for state government employees to look after their parents and unmarried Divyang siblings who do not have their own sources of income. As per the Bill, if the PRANAM Commission gets a complaint that parents of a state government employee is being ignored, and then 10 or 15% of the employee’s salary will be deducted by the government and paid to the parents or differently-abled siblings.