Current Affairs Quiz - June, 2019

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 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:
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:
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.

Notes:
The Indian Navy hosted a maritime information sharing workshop under the aegis of the Information Fusion Centre — Indian Ocean Region (IFC-IOR) at Gurugram, Haryana on June 12. Over 41 delegates from 29 countries of the IOR participated in the two-day event. The aim of the workshop was to explain participants about IFC-IOR and its information sharing mechanisms and promote sharing of best practices in this field. The event included issues such as maritime terrorism, piracy, human and drug trafficking, humanitarian assistance as well as disaster relief and the legal perspective of combating these challenges.

Notes:
The Jawaharlal Nehru University (JNU) has decided to confer its Distinguished Alumni Award to Union Ministers Nirmala Sitharaman and Subrahmanyam Jaishankar. The award will be presented at JNU’s third convocation to be held in August. Ms Sitharaman had completed her MA and M Phil degrees while Mr Jaishankar completed his M Phil and doctoral research form JNU.

Notes:
India is one of the founder members of Kimberley Process Certification Scheme (KPCS) and is the Chair of Kimberley Process for the year 2019 with Russian Federation as Vice Chair. The Inter-sessional meeting of Kimberley Process (KP) is being hosted by India from 17th to 21st June, 2019 in Mumbai. Besides meetings of different Working Groups and Committees of the Kimberley Process Certification Scheme (KPCS), two special forums regarding Diamond Terminology and Artisanal Mining – Small Steps to Larger Outcomes, will be held during the Intersessional. Around 300 delegates from the Government of India (GoI) and other participating countries, industry and civil society will be attending the 5-day Meeting. At present, KPCS has 55 members representing 82 countries including EU with 28 members.

Notes:
Bengaluru-based NGO Akshaya Patra has been awarded the 2019 BBC World Service Global Champion Award for its school meal project programme at the BBC Food and Farming Awards in Bristol, United Kingdom. The award recognizes a person or project that is changing the way the world produces, processes, consumes or thinks about food for the better. NGO Akshay Patra is a non-profit organisation running one of the world’s largest school meals project in India.