Current Affairs Quiz - June, 2019

Notes:
Prime Minister Narendra Modi has recently reconstituted the federal policy think-tank National Institution of Transforming India (NITI) Aayog by introducing key Cabinet ministers as members as ex-officio members. Defence minister Rajnath Singh, Home minister Amit Shah, Finance minister Nirmala Sitharaman and Agriculture minister Narendra Singh Tomar are now ex-officio members of the think tank that is headed by Mr. Modi. Rajiv Kumar will continue to be the vice-chairperson, along with full time members—Ramesh Chand, VK Saraswat and VK Paul.On 15th June 2019, Prime Minister will chair the 5th meeting of NITI Aayog’s Governing Council to discuss various issues concerning water management, agriculture and security. The council includes all chief ministers, lieutenant governors of union territories, several union ministers and senior government officials. This will be the first governing council meeting under the new Modi government. NITI Aayog was constituted via a resolution of the Union Cabinet on 1st January 2015 & replaced the erstwhile planning commission.

Notes:
The Indian Air Force (IAF) has recently signed a deal worth around Rs 300 crore for buying more than 100 SPICE bombs from Israel. The IAF fighter jets used these bombs to target Jaish-e-Mohammed training camps in Pakistan’s Balakot on 26th February 2019 after the ghastly Pulwama terror attack in which over 44 CRPF jawans lost their lives after a suicide bomber rammed his explosives-laden SUV into the convoy which was passing from the area. As per the contract, the advanced SPICE bombs would be delivered to the Air Force in the next 3 months as the deal is under emergency powers. SPICE bomb has a standoff range of 60 km and approaches the target as its unique scene-matching algorithm compares the electro-optical image received in real-time via the weapon seeker with mission reference data stored in the weapon computer memory and adjusts the flight path accordingly. Israeli defence firm Rafael Advanced Defence Systems manufactures the weapon.

Notes:
The Ministry of Information and Broadcasting (I&B) has instituted the first Antarashtriya Yoga Diwas Media Samman (AYDMS) for 2019 to mark the contribution of media in spreading the message of Yoga. The AYDMS will be conferred to print and electronic media houses. The contribution of the media in popularizing Yoga would be assessed by six juries. A total of 33 awards, under three categories, will be conferred. The award will comprise a special medal, plaque and trophy and a citation. The duration of the coverage for AYDMS would be from June 10 to June 25. Yoga has been universally acknowledged by the United Nations (UN) and is now practiced globally around 200 countries on June 21 every year.

Notes:
The ruling National People’s Party (NPP), which is in an alliance with the BJP in Meghalaya, has been granted recognition as a national party by the Election Commission of India (ECI). As per the party’s request, the symbol ‘book’ has been allotted to it. With this, the NPP has become the first party from the North East (NE) to get the national party status. It is a recognized party in four states of the region viz. Meghalaya, Manipur, Arunachal Pradesh and Nagaland. According to the Election Symbols (Reservation and Allotment) Order of 1968, a political party can be recognised as a national party if its candidates secure at least 6% of votes polled in four or more states in Lok Sabha or assembly elections. In addition, it has at least 4 members in the Lok Sabha. It also has to have at least 2% of the total Lok Sabha seats and its candidates come from not less than 3 states. Third, it is recognised as a state party in at least four states.

Notes:
In Tennis, World No. 2 Rafael Nadal has lifted the French Open Men’s Singles title for the 12th time. In the summit clash played at Paris on June 9, he defeated Austrian fourth seed Dominic Thiem, 6-3, 5-7, 6-1, 6-1 to win at the Roland Garros for the third straight year. Hence, Nadal became the first player to win 12 Singles titles at the same Grand Slam and has now won 18 majors overall. Nadal is now just two titles behind Roger Federer’s all-time record of 20 majors and is three ahead of world number one Novak Djokovic. Nadal also took his Paris record to an astonishing 93 wins and just two losses. The win also gave Nadal an 82nd career title and 950th match win.

Notes:
After linking its short-term loans and large savings deposits rates to the repo rate, the State Bank of India (SBI) has decided to introduce a repo rate-linked home loan product from July 1. The home loans under this product will be priced at 2.65% over the repo rate of 5.75%. So, the home loan interest rate will work out to 8.40%. Currently, SBI offers home loans, which are linked to its marginal cost of funds, at 8.55%. The lender has also reduced the interest rate on cash credit /overdraft customers (limits above Rs1 lakh) after RBI cut its repo rate from 6% to 5.75%. Now the effective Repo-Linked Lending Rate (RLLR) for CC/OD customers is 8%. Repo rate is the key interest rate at which commercial banks borrow short-term funds from the Reserve Bank of India (RBI).

Notes:
India has been designated as the Guest of Honour at the 33rd Guadalajara International Book Fair (GIBF) 2019 in Mexico, which is scheduled to be organized from Nov 30 to Dec 8. The book fair will be the largest book fair in the Spanish speaking world. The dedicated India pavilion at the fair will showcase over 35 Indian authors and artists, along with 15 publishing houses. Ancient and rare manuscripts including “Mahabharata” and “Ramayana” will be put on exhibition, along with photo books, handicrafts and paintings. India’s participation at the fair will also include a film festival showing movies like “Dangal”, “Chennai Express” and “Omkara”.

Notes:
On 9 June, Interim President Kassym-Jomart Tokayev has won the 2019 Presidential election of Kazakhstan with 70.96% of the vote. He was recognised as the elected president by the Central Election Commission (CEC) and will take an oath of office June 12. Earlier, on 20th March 2019, Tokayev took office as the Interim President of Kazakhstan & succeeded Nursultan Nazarbayev who served as the President from the country’s independence in 1992 until his resignation. The President of the Republic of Kazakhstan is the head of state, commander-in-chief and holder of the highest office within the Republic of Kazakhstan.

Notes:
The researchers from Ohio State University in United States have created high-resolution maps of points around the globe where groundwater meets the oceans — the first such analysis of its kind that may help protect both drinking water and the seas. The study showed that nearly one-half of fresh submarine groundwater discharge flows into the ocean near the tropics. They also found that regions near active fault lines send greater volumes of groundwater into the ocean than regions that are tectonically stable. The findings may help coastal communities better protect and manage their drinking water. The research work is the first near-global and spatially distributed high-resolution map of fresh groundwater flow to the coast. It could give scientists better clues about where to monitor groundwater discharge.

Notes:
The Reserve Bank of India (RBI) has constituted a high-level committee under IBA Chief Executive V G Kannan to examine ATM charges and fees by banks amid demands for reviewing the levies. The use of Automated Teller Machines (ATMs) has been growing significantly and there have been persistent demands to change ATM charges and fees. The 6-member panel will review the existing structures and patterns of costs, charges and interchange fees for ATM transactions. The committee will also review the overall patterns of usage of ATMs by cardholders and assess the impact, if any, on charges and interchange fees. Besides, it will assess the entire gamut of costs in respect of the ATM ecosystem and make recommendations on the optimal charge/interchange fee structure and pattern. The committee will submit its report within two months from the date of its first meeting.