Current Affairs Quiz - June, 2019

Notes:
Laldingliana Sailo (76), the former Doordarshan and All India Radio (AIT) news editor, has passed away in Aizawl. Sailo, a senior officer in the Indian Information Service (IIS), was inducted as Field Publicity Officer (FPO) under the Ministry of Information and Broadcasting (I&B) in the year 1972. His first posting was in Arunachal Pradesh Tawang. After the stints in AIR, Kohima and Aizawl and News Services Division in New Delhi, he was transferred to Doordarshan Kendra Aizawl with additional charge of RNU, AIR, Aizawl. He retired as Director in the Directorate of Field Publicity for Kohima Region.

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:
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 Indian Embassy in Saudi Arabia organised a “Gandhi cycle rally for peace” in Riyadh on Friday to commemorate the 150th birth anniversary of Mahatma Gandhi. The cycle rally was organized in association with the Diplomatic Quarter Authority and Saudi Cycling Federation. Over 150 participants from all walks of life, cultural and ethnic identities participated in the cycle rally. The rally was flagged off by Dr. Ausaf Sayeed, Ambassador of India to the Kingdom of Saudi Arabia. It was one of the first events of its kind held at the Diplomatic Quarters in Riyadh and reflected the increasingly friendly relations between India and Saudi Arabia especially after the historic visit of Prime Minister Narendra Modi to the Kingdom in April 2016 and the state visit of Crown Prince Mohammed bin Salman to India in February 2019.

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:
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:
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:
India is planning to conduct its first-ever simulated space warfare exercise titled ‘IndSpaceEx’ in the last week of July under the aegis of the Integrated Defence Staff of the defence ministry. All military stakeholders, including those from the scientific community, will participate in it. The purpose of the exercise is to understand the possible challenges in space warfare and to counter China’s growing influence in this domain, which poses a major threat to India’s national security interest.

Notes:
The ‘Mela Kheer Bhawani’ is one of the biggest religious festivals of the displaced community of Kashmiri pundits, and is associated with Hindu Goddess Ragnya Devi. It is recently celebrated with religious fervor and gaiety at Tulmulla area of central Kashmir’s Ganderbal district and Kupwara with thousands of Pandith devotees participated in the function. The annual festival is held on Jesht Ashtami (May-June) when Kashmiri pandits visit the place in large number to offer prayers to seek the blessings of the deity. The devotees carry rose petals, walk barefoot and offer tribute to the goddess, and also offer milk and kheer (pudding) at the sacred spring. It is believed that the colour of the water in the spring, which flows below the temple, is an indication of the valley’s well-being. Black or darkish colour of the water is believed to be a sign of inauspicious times for Kashmir. However, the water in the spring this time was clean and milky white. The mela has become a symbol of communal harmony as Muslims in the locality make all the arrangements for the devotees, including setting up of stalls for flowers and other offerings.