Current Affairs Quiz - June, 2019

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 Thai parliament has recently elected ex military government chief Prayuth Chan-ocha as its new Prime Minister. He beat the popular billionaire leader of the anti-junta Future Forward Party, Thanathorn Juangroongruangkit, with 500 votes to 244 after a 12-hour session that included 10 hours of fierce debate in Parliament on June 5. Prayuth will now head a coalition government led by the pro-military Palang Pracharat Party. Prayuth’s appointment becomes official when it is endorsed by King Maha Vajiralongkorn. Thailand is a constitutional monarchy and has not had a royal run for frontline office since 1932.

Notes:
India has partnered with Portugal to set up a national maritime heritage museum at the ancient Indian site of Lothal in Gujarat. It is likely to come up on the lines of a similar museum at Lisbon, which is administered by the Portuguese Navy. The Government of India (GoI) has allocated a grant for building the maritime museum and the foundation stone for the project was laid by Prime Minister Narendra Modi in March 2019. The project is being implemented by the Ministry of Shipping through its Sagarmala programme, with the involvement of the Archaeological Survey of India (ASI), the State government and other stakeholders.

Notes:
R V Janakiraman (79), the former Puducherry Chief Minister and senior Dravida Munnetra Kazhagam (DMK) leader, has passed away in Puducherry on 10th June 2019. He began his career as a taxi driver and later went on to become a fleet operator before foraying into politics. He was the Chief Minister between 1996 and 2000, heading the coalition government of DMK and the Tamil Maanila Congress. Mr. Janakiraman became the Chief Minister in 1996 and represented the Nellithope Assembly constituency for five consecutive times.

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:
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:
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:
Amasebailu village in Kundapura Taluk of Udupi district has become Karnataka’s first solar-powered Gram Panchayat. Over 1800 houses were provided solar lamps at a total cost of Rs 2.13 crore. The project was funded by Centre and State Government in the ratio of 30:20 and the rest was paid by the Panchayat and charitable organizations. As per the agreement with Selco Light Pvt. Ltd, the solar lamps have a guarantee of 5 years and any faulty lamps will be replaced by the supplier within the guarantee period.

Notes:
The Sashakt Committee, headed by PNB non-executive chairman Sunil Mehta, has recommended changes in existing Inter-Creditor Agreement (ICA) to incorporate revised voting threshold and other changes for decision making stipulated by the Reserve Bank of India (RBI). It will enable expeditious implementation of the new framework on stressed assets. Under the RBI’s new framework, it is a mandatory requirement for lenders to enter into an Inter-Creditor Agreement (ICA) during the review of the borrower account within 30 days from date of first default to any lender. The New Framework further lays down some parameters to be included in the Inter-Creditor Agreement including decision-making by lenders holding 75% (by value of total outstanding facilities) and 60% by number and protection of dissenting lenders. The Inter-Creditor Agreement is required to be executed by all lenders covered under the New Framework and asset reconstruction companies. The New Framework applies to all banks, term financial institutions, small finance banks, systemically important non-deposit taking non-banking finance companies (NBFCs) as well as deposit taking NBFCs.

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.