Current Affairs Quiz - June, 2019

Notes:
The US aircraft maker Boeing co and national airports body Airports Authority of India (AAI) have signed a technical assistance agreement for developing a comprehensive roadmap for modernisation of air traffic services in the country. The air traffic services comprise Communication, Navigation and Surveillance (CNS) and Air Traffic Management (ATM). The 10-year modernisation roadmap will be undertaken with a grant from the US Trade and Development Agency (USTDA ). The agreement is aimed at developing a roadmap for AAI to use as guidance in the modernisation of the Indian National Airspace System (NAS) based on global and local best practices to optimally utilize airspace capacity, enhance CNS/ATM. Under the agreement, Boeing will analyse current technologies and processes to identify efficiency improvements that can be implemented while maintaining a practical and safe airspace system.

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 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:
Maldives has conferred ‘Nishan Izzuddin’ award on Prime Minister Narendra Modi. It is the highest award to honour foreign nationals. On June 8, Mr. Modi arrived in Male on the first leg of his two-nation tour to the Maldives and Sri Lanka. This will also be the first bilateral visit to the Maldives of an Indian Prime Minister after 2011. Mr. Modi will have bilateral discussions with President Ibrahim Mohamed Solih, hold meetings with Vice President Faisal Naseem and Speaker of Majlis and former President Mohamed Nasheed during his visit. He will also address the legislative body of the island nation called the People’s Majlis. Along with President Solih, Prime Minister Modi is likely to inaugurate the Coastal Surveillance System (CSS) and the Comprehensive Training Centre for National Defence Forces of Maldives. The two projects have been developed with Indian Grants. India is likely to announce a few new projects to the Maldives including building a cricket Stadium there and renovating the Friday Mosque by Archaeological Survey of India (ASI).

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:
Dr. Romila Thapar, the well-known historian and writer, has been elected as a member of the American Philosophical Society (APS), the oldest learned society in United States (US). Dr. Thapar, a Professor Emerita of history at Jawaharlal Nehru University (JNU) in Delhi, was among 1,013 members elected to the society at its Annual Spring Meeting.

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:
V.S. Kaumudi, a 1986 batch Andhra Pradesh cadre IPS officer, has been appointed as the new Director General (DG) of Bureau of Police Research and Development (BPR&D) by temporarily downgrading the post to the level of Additional Director General (ADG). He has been appointed BPR&D chief for a period of two years or until further orders, whichever is earlier. He succeeded 1984 batch IPS officer Sudeep Lakhtakia. Kaumudi Prior to this post, Kaumudi was ADG in the Central Reserve Police Force (CRPF).

Notes:
Ashleigh Barty, an Australian professional tennis player and former cricketer, has clinched the women’s title at the 2019 French Open tennis tournament. In the final, she defeated Marketa Vondrousova 6–1, 6–3 at the Stade Roland Garros in Paris. Barty is the first Australian player ( male or female) to win a French Open singles title since Margaret Court in 1973. The 2019 French Open was the 123rd edition of a Grand Slam tennis tournament played on outdoor clay courts.

Notes:
A team of scientists from Delhi University (DU) and the Wildlife Institute of India (WII), in collaboration with researchers from Indonesia and the US, have discovered a new species of ‘paddy frog’ from Northeast India, primarily Assam. The frog belongs to the microhylid genus Micryletta. It is a group of narrow-mouthed frogs that is primarily and widely distributed in Southeast Asia. Currently, there are only four recognized species in this group. The newly discovered Micryletta frog from Northeast India was confirmed as a new species by detailed comparison of both DNA and morphology with all previously known members across Southeast and East Asia. The new species has been named ‘aishani’, derived from the Sanskrit word ‘aishani’ or aisani (meaning North – east), referring to the Northeast regions of India where this frog was discovered. The frog has reddish-brown coloration on the back, prominent dark streaks and ash-grey mottling on the lateral sides, shape of snout and no web on its feet.