Current Affairs Quiz - June, 2019

Notes:
Finance Minister Nirmala Sitharaman will attend the two-day meeting of G-20 Finance Ministers and Central Bank governors in Japan on June 8 and 9. This will be the first overseas visit of Ms. Sitharaman as Finance Minister. Besides Ms. Sitharaman, RBI Governor Shaktikanta Das is also likely to attend the meeting at Fukuoka in Japan. Among other things, the meeting is likely to focus on risks and challenges being faced by the global economy, investment in infrastructure and international taxation. G-20, which is a group of developing and developed nations, includes India, the U.S., the U.K., China, Russia, Saudi Arabia, Brazil, France and Australia. The G20 meetings, convened annually since 1999, provide a forum for key countries in the international financial system to discuss major international economic issues and to coordinate to achieve the stable and sustainable growth of the global economy.

Notes:
India has been ranked 95th out of a total 129 countries in the first-ever SDG Gender Index, which measures strides made in achieving gender commitments against internationally set targets. The index has been developed by Equal Measures 2030, which is a partnership among global and regional organisations from the civil society and the development and private sectors. It includes The African Women’s Development and Communication Network, Bill and Melinda Gates Foundation, International Women’s Health Coalition and Plan International. The overall index scores are based on a scale of 0–100. A score of 100 indicates the achievement of gender equality in relation to the underlying indicators. A score of 50 would indicate that a country is about halfway to meeting its goal. India’s score of 56.2 means that it is among 43 countries that fall in the ‘very poor’ category. Denmark, Finland, Sweden, Norway, Netherlands, Slovenia, Germany, Canada, Ireland, and Australia rank as the top 10 countries in the index.

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:
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:
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:
Mount Sinabung, on the island of Sumatra, erupted for around 9 minutes on June 9 & send clouds of volcanic ash 7 km into the sky. The volcano has seen a spike in activity since its last major eruption in 2010. Mount Sinabung, which is 2,460m (8,071 ft) high, is among Indonesia’s most active volcanoes, but had been inactive for four centuries before its 2010 eruption. Indonesia has nearly 130 active volcanoes, more than any other country. It follows the eruption of Mount Agung on the Indonesia island of Bali last month, which caused several flights to be cancelled.

Notes:
Thawar Chand Gehlot, the Union Minister for Social Justice and Empowerment, has been appointed the Leader of the House for the Rajya Sabha. He will replace senior BJP leader Arun Jaitley who opted out of the government citing health reasons. Gehlot is an experienced parliamentarian from and a Dalit face of the saffron party. He was a member of the Madhya Pradesh state assembly for several terms and has served in the Lok Sabha as well as the Rajya Sabha. Meanwhile, Union Minister for Railways and Commerce Piyush Goyal will take charge as the Deputy Leader for the Upper House of the Indian Parliament. The Rajya Sabha has been convened to meet for the Budget Session from 20 June, the day President Ram Nath Kovind will address the joint sitting of Parliament. The session will continue till 26 July. In all, there will be 27 meetings of the upper house of the Parliament.

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.

Notes:
Dr. I V Subba Rao, a 1979 batch IAS officer from Andhra Pradesh, will continue as secretary to Vice President M Venkaiah Naidu on a contract basis in the rank and pay of a secretary of the Government of India (GoI). His tenure will be co-terminus with the tenure of the vice president.