Current Affairs Quiz - February, 2019

Notes:
In New Delhi, Prime Minister Narendra Modi addressed the 5th edition of the Economic Times (ET) Global Business Summit 2019 on Feb 23 to offer insights into the direction of future policy. The two-day summit hosted business leaders and technology entrepreneurs from some of the most talked about and disruptive companies across the globe including Nathan Blecharczyk, co-founder of AirBnB, Martin Eberhard co-founder of Tesla, Sebastian Thrun CEO of KittyHawk and many more. The summit is a flagship initiative of the Times Group that envisions to bring together visionaries, thought leaders, heads of state, policy makers, academicians and corporate heads cohesively driving a singular agenda for Scripting Economic Change, by connecting the building blocks of Economics for India and the Globe.

Notes:
Kodi Ramakrishna (69), the veteran Telugu film director, has passed away in Hyderabad on Feb 22. Born at Palakollu in West Godavari district of Andhra Pradesh, Ramakrishna made his debut in 1992 with romantic comedy ‘Intlo Ramaiah- Veedhilo Krishnaiah’ starring Chiranjeevi. He was known for championing the use of visual effects (VFX) to enhance cinematic experience in Telugu cinema. His films like ‘Ammoru’ and ‘Arundhati’ were praised for their VFX work. Some of his other popular films include Gudachari No 1, Muddula Krishnaiah, Pelli Pelli Pandiri and Rikshavodu. In 2016, Ramakrishna also commenced work on a biopic on Sathya Sai Baba, and it features Malayalam actor Sreejith Vijay in the titular role. The project still remains incomplete.

Notes:
Acclaimed actress Kareena Kapoor Khan has become the brand ambassador of the Swasth Immunised India campaign to spread awareness among parents about child vaccination to help prevent the future generation from life-threatening diseases. The nation-wide vaccination and immunisation campaign has been launched by Serum Institute of India (SII) in association with Network18. The primary aim of the campaign is to raise awareness about the importance and benefits of vaccine administration, advocating its acceptance and building a strong immunization outreach in the country. Working alongside the government, the campaign will strive to reach full immunization coverage through continuous education and awareness.

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.

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The New Bilaspur-Manali-Leh railway line will be the world’s highest railway line, which will consists of total 30 stations. It will lie along the Indo-China border & is expected to be completed by the year 2022. This new rail line will not only increase tourism but, will also help the armed forces. And also, the journey from Delhi-Leh will be completed in half time. The estimated cost of the project is pegged at Rs 83,360 crore. Once complete, the 465-km railway line will be the world’s highest railway track. At its highest point, the track would be at a height of 5,360 m above sea level. The 52% of the total 465 km length will pass through tunnels. The longest tunnel will be 27 km long. The total length of the tunnels is expected to be around 244 km. The project will also have almost 400 small bridges, 124 major bridges and about 74 tunnels. Once completed, trains on this line will run at a speed of 75 Kmph, which will reduce the time required to travel between New Delhi and Leh from 40 hours to just 20 hours. Leh is the most important town in Ladakh region of J&K State having approximately 1.5 lakhs population. It has a high footfall of Indian & Foreign tourists each year.

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:
The horrific forest fire has recently broken out in the Bandipur Tiger Reserve (BTR) in Chamarajanagar district of Karnataka. The fire is estimated to have gutted 2,000 hectares of the forest. Hundreds of forest department officials along with local volunteers have been trying to douse the fire. However, strong winds and dry grass have aided the fire to spread towards the roads on National Highway 67. As a result, NH 67 (which connects Ooty to Mysore) had to be closed for vehicles. There have been reports of loss of wildlife, but nothing has been confirmed so far. The Bandipur reserve is one of the first national parks in India and has the highest tiger density anywhere in the world. It has also been declared as an important area for elephant conservation. The reserve covers an area of 87,400 hectares and along with the Wayanad Wildlife Sanctuary and the Nagarahole National Park form one of India’s ecologically diverse regions. It is home to vulnerable species like elephants, gaurs, tigers and Indian rock pythons.

Notes:
In Kerala, the International Advertising Association (IAA) hosted the 44th edition of IAA World Congress 2019 at the Grand Hyatt Lulu International Convention Centre in Kochi from February 20 to 22. The theme of the IAA World Congress was ‘Brand Dharma’ which enlightened the delegates about the basic principles a brand has to follow to connect with its customers and society at large. Around 2,000 delegates from India and abroad participated in the event. The New York-based IAA has a presence in 55 countries, and consists of advertisers, advertising agencies and the media. The World Congress is held every alternate year in various destinations around the world.

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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.

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Bengaluru-based Semiconductor Company “SignalChip” has launched India’s first indigenous semiconductor chips for 4G /LTE and 5G NR modems in New Delhi. The SCBM34XX and SCRF34XX/45XX series of chips, code-named ‘Agumbe’, are the result of over 8 years of relentless and deep R&D by Signalchip engineers. The RF sections cover all LTE/5G-NR bands upto 6GHz. These chips also support positioning using India’s own satellite navigation system, NAVIC. The Agumbe series builds up on SCRF1401: India’s first RF transceiver chip for high performance wireless standards like 3G/4G and WiFi, created by Signalchip in 2015. The combined multi-standard system-on-chip (SoC) can serve as a base station chipset for a wide range of form factors from low-cost indoor small cells to high performance base stations. These are optimally designed to support evolving network architectures like Open RAN/CRAN with flexible interface configurations. Through the IPs created for this device, the company now has the potential to design products for multiple related fields and is currently forging ahead with additional chipsets for advanced 5G NR features.