Current Affairs Quiz - June, 2019

Notes:
Finance Minister Nirmala Sitharaman will attend the two-day meeting of G-20 Finance Ministers and Central Bank governors in Japan on June 8 and 9. This will be the first overseas visit of Ms. Sitharaman as Finance Minister. Besides Ms. Sitharaman, RBI Governor Shaktikanta Das is also likely to attend the meeting at Fukuoka in Japan. Among other things, the meeting is likely to focus on risks and challenges being faced by the global economy, investment in infrastructure and international taxation. G-20, which is a group of developing and developed nations, includes India, the U.S., the U.K., China, Russia, Saudi Arabia, Brazil, France and Australia. The G20 meetings, convened annually since 1999, provide a forum for key countries in the international financial system to discuss major international economic issues and to coordinate to achieve the stable and sustainable growth of the global economy.

Notes:
India has been ranked 95th out of a total 129 countries in the first-ever SDG Gender Index, which measures strides made in achieving gender commitments against internationally set targets. The index has been developed by Equal Measures 2030, which is a partnership among global and regional organisations from the civil society and the development and private sectors. It includes The African Women’s Development and Communication Network, Bill and Melinda Gates Foundation, International Women’s Health Coalition and Plan International. The overall index scores are based on a scale of 0–100. A score of 100 indicates the achievement of gender equality in relation to the underlying indicators. A score of 50 would indicate that a country is about halfway to meeting its goal. India’s score of 56.2 means that it is among 43 countries that fall in the ‘very poor’ category. Denmark, Finland, Sweden, Norway, Netherlands, Slovenia, Germany, Canada, Ireland, and Australia rank as the top 10 countries in the index.

Notes:
Union Defence Minister Rajnath Singh will chair the Cabinet Committee on Parliamentary Affairs and be part of the all-important panel on political affairs headed by Prime Minister Narendra Modi. Singh was also made a member of two new committees set up by the Modi government — the Cabinet Committee on Investment and Growth and the Cabinet Committee on Employment and Skill Development, to propel growth and investment. Both the committees will be chaired by Home Minister Amit Shah.

Notes:
The Sinai Peninsula is a peninsula in Egypt, and the only part of the country located in Asia. It is situated between the Mediterranean Sea to the north and the Red Sea to the south, and is a land bridge between Asia and Africa. Recently, it is in news because the Egyptian security forces has killed 14 suspected militants during a raid carried out in the restive Sinai Peninsula in response to a deadly checkpoint attack. The Islamic State extremist group had claimed responsibility for attack in which 8 Egyptian police officers have been killed in a militant attack on a checkpoint in the northern Sinai peninsula. The attack took place west of the city of El-Arish, as local people celebrated the Islamic festival of Eid al-Fitr on 5th June 2019.

Notes:
Former President Jimmy Carter will be bestowed with the George H. W. Bush Award for Statesmanship for his contributions to relations between the U.S. and China. A private award ceremony is scheduled June 12 at the Carter Center in Atlanta. The George H. W. Bush Foundation has said that the award goes to people who have made profound contributions to the development of constructive and mutually beneficial relations” between the U.S and the People’s Republic of China (PRC).

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 16-year-old Swedish teen climate activist Greta Thunberg and her “Fridays for Future” global movement has won a prestigious Amnesty International’s Ambassador of Conscience Award for 2019. She has been recognized for mobilizing world public opinion on the looming peril of global warming. The Fridays for Future movement was started in August 2018 by Greta Thunberg, who decided to miss school every Friday and protest outside the Swedish parliament until it took more serious action to tackle climate change. Her efforts to raise awareness of the climate crisis quickly went global. Her strike inspired millions of students to skip school to join protests demanding faster action on climate change. The movement has now spread beyond Sweden to other European nations.

Notes:
Canadian Prime Minister Justin Trudeau has recently announced that harmful single-use plastics will be banned in the country from 2021 to reduce ocean waste. He declared it a global challenge to phase out the plastic bags, straws and cutlery clogging the world’s oceans. Currently less than 10% of plastic used in Canada gets recycled. The Canadian government said that one million birds and over 100,000 sea mammals worldwide are injured or die each year when they mistake plastic for food or become entangled. Single-use items represent some 70% of the plastic waste littering the marine environment. Canada’s move follows one by the European Union (EU), which late last year announced a similar ban. Canada, France, Germany, Britain and Italy, along with the European Union, subscribed at 2018 G7 summit in Quebec to a new charter against pollution in the world’s oceans. The non-binding Ocean Plastics Charter called on participating countries and the EU to commit to making all plastics reusable, recyclable or recovered by 2030.

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:
China has appointed veteran diplomat Sun Weidong as its new envoy to India. He is an expert in South Asian affairs and worked closely with External Affairs Minister S Jaishankar during his tenure in Beijing as the Indian ambassador from 2009 to 2013. Sun, who also served as the ambassador to Pakistan, is currently the Director General of the Policy and Planning Department of the Foreign Ministry. He will succeed Luo Zhaohui, who has been appointed as Vice Minister of Foreign Affairs.