Current Affairs Quiz - June, 2019

Notes:
China has successfully launched a space rocket from sea for the first time and became the third nation to successfully demonstrate the ability to launch satellites into orbit from a floating platform after Russia and United States. The China National Space Administration (CNSA) has announced that a Long March 11 rocket was launched from a floating launch pad in the Yellow Sea just off the coast of Shandong on 5th June 2019. China now spends more than Russia and Japan on its civil and military space programmes. Earlier this year, China became the first nation to land a rover on the far side of the moon. It also unveiled ambitious plans to build a research base on the lunar surface, send a probe to Mars and build a space station in Earth orbit.

Notes:
Justice Dhirubhai Naranbhai Patel was sworn in as new Chief Justice of the Delhi High Court. Lt Governor Anil Baijal administered the oath of office to Justice Patel at a function held at Raj Niwas. Earlier, Justice Patel was posted at the Jharkhand High Court. The Supreme Court Collegium had recommended his name for the appointment as Chief Justice of the Delhi High Court. With an approved strength of 60, the Delhi High Court has a shortage of around 24 judges.

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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:
American author Tayari Jones has won the 2019 Women’s Prize for Fiction for her novel “An American Marriage”. The book portraits a young African American’s wrongful conviction and how it affects his marriage. It is a story of love, loss and loyalty, the resilience of the human spirit painted on a big political canvas – that shines a light on today’s America. Jones wins £30,000 and the “Bessie” – a limited edition bronze figurine. The prize is one of the biggest international celebrations of women’s creativity.

Notes:
The Sinai Peninsula is a peninsula in Egypt, and the only part of the country located in Asia. It is situated between the Mediterranean Sea to the north and the Red Sea to the south, and is a land bridge between Asia and Africa. Recently, it is in news because the Egyptian security forces has killed 14 suspected militants during a raid carried out in the restive Sinai Peninsula in response to a deadly checkpoint attack. The Islamic State extremist group had claimed responsibility for attack in which 8 Egyptian police officers have been killed in a militant attack on a checkpoint in the northern Sinai peninsula. The attack took place west of the city of El-Arish, as local people celebrated the Islamic festival of Eid al-Fitr on 5th 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.

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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:
China has appointed veteran diplomat Sun Weidong as its new envoy to India. He is an expert in South Asian affairs and worked closely with External Affairs Minister S Jaishankar during his tenure in Beijing as the Indian ambassador from 2009 to 2013. Sun, who also served as the ambassador to Pakistan, is currently the Director General of the Policy and Planning Department of the Foreign Ministry. He will succeed Luo Zhaohui, who has been appointed as Vice Minister of Foreign Affairs.

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.