Current Affairs Quiz - June, 2019

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).

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:
India has been designated as the Guest of Honour at the 33rd Guadalajara International Book Fair (GIBF) 2019 in Mexico, which is scheduled to be organized from Nov 30 to Dec 8. The book fair will be the largest book fair in the Spanish speaking world. The dedicated India pavilion at the fair will showcase over 35 Indian authors and artists, along with 15 publishing houses. Ancient and rare manuscripts including “Mahabharata” and “Ramayana” will be put on exhibition, along with photo books, handicrafts and paintings. India’s participation at the fair will also include a film festival showing movies like “Dangal”, “Chennai Express” and “Omkara”.

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:
Rajanath Singh ‘Surya’ (82), the veteran journalist and former Rajya Sabha Member, has passed away in Lucknow, Uttar Pradesh on June 13, 2019. He had worked in various newspapers and he was a well-known columnist.

Notes:
The Government of India (GoI) has recently constituted a 5-member committee to review existing marketing structure in Liquefied Petroleum Gas (LPG) marketing in India. The committee, headed by economist Kirit Parikh, will look into issues related to definition or quality standards of LPG being marketed. Its terms of reference also include scope for liberalizing government policies for private participation. The committee is expected to submit its report by end-July. Based on the LPG control order, domestic LPG should be supplied to oil-marketing companies (OMCs) only. The committee will also identify the grey areas that might allow private entities like Reliance Industries to sell subsidized cooking gas.

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.

Notes:
Ahmedabad-based Adani group has recently got final approval for controversy-hit Carmichael coal mine project in Australia, after Queensland State authorities approved its groundwater management plan. The final approval for the Adani group’s long-delayed billion-dollar mega coal mine project came only weeks after a surprise election win of Australia’s pro-coal ruling coalition led by Prime Minister Scott Morrison. The approval potentially paves the way for half a dozen new thermal coal mines to come on line in Australia by opening up Queensland’s remote Galilee basin with rail infrastructure to the coast 320 km away at Abbot Point. Earlier, the Gautam Adani-led Adani Group got the first approval from the Queensland state government to protect the endangered black-throated finch bird population as part of its crucial environmental plan at the site of its mine project. It is set to become the largest coal mine in Australia, with approval to produce up to 60 million tonnes of coal annually, and 2.3 billion tonnes over the life of the mine.