Current Affairs Quiz - June, 2019

Notes:
Indian-American Congresswoman, Pramila Jayapal has become the first South Asian American woman to preside over the US House of Representatives. She is a Democrat from Washington DC. The 116th Congress broke records with women and lawmakers crossing racial and religious barriers, including an all time high for Asian American lawmakers. A record number of 17 Asian Americans serve in Congress, with 14 in the House and three in the Senate.

Notes:
Indian tennis player Sidharth Rawat defeated Rio Noguchi of Japan to win his first title in the $25,000 ITF men’s Futures tennis tournament on June 2, 2019. With the ATP points being restored for events of this level, he will be able to improve his current rank of 510. He had a career-best rank of 430.

Notes:
India has notified a Tax Information Exchange Agreement (TIEA) with the Marshall Islands, which enables a bilateral sharing of banking & ownership information and allows officials of one country to undertake tax examinations in the other. The TIEA for exchange of information with respect to taxes was signed on March 18, 2016 at Majuro, the Capital of the Marshall Islands. India notified the TIEA on May 21, 2019. The TIEA is based on international standards of tax transparency and exchange of information and enables sharing of information on request. The agreement will enhance mutual cooperation between India and the Marshall Islands by providing an effective framework for exchange of information on tax matters which will help curb tax evasion and tax avoidance. The Marshall Islands are a sprawling chain of volcanic islands and coral atolls in the Pacific Ocean, between Hawaii and the Philippines.

Notes:
The TomTom Traffic Index 2018, carried out by location technology specialist TomTom, covered 403 cities in 56 countries and defined congestion as the extra time added to road travel when traffic doesn’t flow freely. Mumbai topped the list of cities with drivers expecting to spend an average of 65% extra travel time stuck in traffic. New Delhi ranked 4th with a congestion rank of 58%. Bogota (63%) in Colombia and Lima in Peru (58%) were ranked second and third on the list respectively, while the Russian capital Moscow (56%) ranked fifth. The study found that in 2018, the best time to drive in Mumbai was between 2 am and 5 am, when traffic flowed freely.

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:
Crazy Mohan (67), prominent theatre artiste and ace scriptwriter for Tamil films, has passed away in Chennai on 10th June 2019. Born in 1952, as Mohan Rangachari, ‘Crazy’ was an epithet that he acquired after his popular play ‘Crazy Thieves in Palavakkam’. An engineer by profession, Mohan started writing stage plays and established his own drama troupe called “Crazy Creations” in 1979. He entered the film industry after a long and successful career as a theatre personality. He penned the scripts for several super hit films, including Kamal Haasan-starrer “Avvai Shanmugi”, “Vasool Raja MBBS”, and “Michael Madhana Kamarajan”, besides acting in many.

Notes:
The Union Minister of Commerce and Industry & Railways, Piyush Goyal led the Indian delegation for the 2-day G20 Ministerial meeting on Trade and Digital Economy at Tsukuba city in Japan on June 8. The G-20 Trade Ministers deliberations will form part of the G-20 Summit Leaders agenda in the formal discussions and will also be a part of the Summit Declaration. Over 50 Trade and Digital Economy Ministers get together for the first time in G20 history in Tsukuba, to discuss how G20 economies can promote trade and investment and maximize benefits from the development of the digital economy. The Trade and Digital Economy meeting is one of the 8 Ministerial meetings taking place in Japan alongside the 2019 G20 Summit. The other seven Ministerial meetings are Agriculture Ministers’, Finance Ministers and Central Bank Governors’ meeting, Labour and Employment Ministers’ meeting, Tourism Ministers meeting, Ministerial meeting on Energy Transitions and Global Environment for Sustainable Growth, Health Ministers’ meeting and Foreign Ministers’ meeting. The G20 members represent two-thirds of the world’s people and 85 percent of its economy.

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:
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.