Current Affairs Quiz - June, 2019

Notes:
The World Oceans Day (WOD) is observed every year on June 8 to celebrate the majesty of the world’s oceans and raise awareness about their preservation. Oceans are important for mankind because they generate an estimated 70% of the earth’s oxygen. They regulate the globe’s climate and weather. They support marine life. They provide us with food, and ingredients for many of our medicines. But our oceans and marine life are under threat: from pollution and overfishing. Hence, the day aims to address these challenges. The 2019 conservation action theme “Gender and Oceans” reflects on equalizing the representation of women and men in marine fields. It highlights the important role gender equality has to play in ensuring effective conservation of our oceans, seas and marine life. The focus of the day is to inspire a worldwide fight against plastic pollution.

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 women members of Telangana-based Deccan Development Society (DDS) sanghams (groups) have bagged the prestigious United Nations Development Programme (UNDP)’s Equator Prize for 2019. They have been selected for standing as ‘an outstanding example of a local, nature-based solution to climate change and sustainable development. The women farmers have been building their own seed banks and growing millets in the predominantly rain-fed villages of Sangareddy district. The women farmers of DDS are the first group in the Telugu states to have been selected for the prestigious award which will be presented at a ceremony in New York in September 2019. The US$10,000-prize is given annually for nature-based solutions to climate change as well as sustainable development. The award recognizes local and indigenous community initiatives.

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).

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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:
In Tennis, World No. 2 Rafael Nadal has lifted the French Open Men’s Singles title for the 12th time. In the summit clash played at Paris on June 9, he defeated Austrian fourth seed Dominic Thiem, 6-3, 5-7, 6-1, 6-1 to win at the Roland Garros for the third straight year. Hence, Nadal became the first player to win 12 Singles titles at the same Grand Slam and has now won 18 majors overall. Nadal is now just two titles behind Roger Federer’s all-time record of 20 majors and is three ahead of world number one Novak Djokovic. Nadal also took his Paris record to an astonishing 93 wins and just two losses. The win also gave Nadal an 82nd career title and 950th match win.

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:
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:
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).