Current Affairs Quiz - June, 2019

Notes:
Indian Navy has recently launched Operation Sankalp in the Persian Gulf and the Gulf of Oman to reassure Indian flagged vessels transiting through the area. The development has come in the wake of the suspected attacks on two merchant ships in the Persian Gulf and Gulf of Oman region. Both the attacks took place at Strait of Hormuz, which is a major conduit for global oil supplies. The US has blamed Iran for the attack. The Navy has deployed stealth guided missile destroyers INS Chennai and patrol vessel INS Sunayna in the region for maritime security operations. In addition, aerial surveillance in the area is also being done by IN aircraft. The Information Fusion Centre – Indian Ocean Region of the Indian Navy is also keeping a close watch on the movement of ships in the Gulf region. Both the attacks took place at Strait of Hormuz, which is a major conduit for global oil supplies.

Notes:
In Gymnastics, India’s Pranati Nayak from West Bengal clinched a bronze in vault event at the 8th Senior Asian Artistic Championships in Ulaanbaatar, Mongolia on June 22, 2019. In the final, she scored a total of 13.384 points to claim the bronze medal. China’s Yu Linmin and Japan’s Ayaka Sakaguchi won the gold and silver medal at the event.

Notes:
The Securities and Exchange Board of India (SEBI) has constituted a working group, headed by NSE Clearing Ltd., to review the current framework of margins in the futures and options segment. The group will look into the issue and submit its recommendations to the Secondary Market Advisory Committee. This assumes significance as lower cost of trading was primarily the reason why institutional investors preferred to trade in Nifty contracts on SGX at Singapore rather than on the highly liquid derivatives segment of the National Stock Exchange (NSE). Incidentally, a recent study jointly conducted by Association of National Exchanges Members of India (ANMI) and consultancy firm Ernst & Young (EY) highlighted the fact that trading in derivatives in India costs much more when compared with most of the other leading markets due to a variety of margins that are imposed on the traders.

Notes:
The Punjab government has decided to launch its flagship universal health insurance scheme -Sarbat Sehat Bima Yojana’ (SSBY) – from July 2019. The scheme will provide an annual health cover of Rs 5 lakh per family. Around 43.18 lakh families in Punjab will be covered under it. Besides all government hospitals, 364 private hospitals in Punjab had been empanelled, where the beneficiaries would get the secondary and tertiary care. The beneficiaries included the 14.86 lakh families covered under the Pradhan Mantri Jan Arogya Yojana (PMJAY) in the state. The cost of the premium for the families covered under the PMJAY would be borne by the Centre and the state government in the 60:40 ratio while for the rest of the beneficiaries, it would borne by the state government.

Notes:
The South-East Asian countries will jointly bid to host the 2034 Football World Cup. For this, the meeting of ASEAN countries was held in Bangkok. Prime Minister of Thailand Prayuth Chan-ocha invited the people of ASEAN to support the football associations in their countries to host the tournament. The FIFA World Cup has held only once in the continent when Japan and South Korea were joint hosts in 2002. Qatar will bring it back to Asia in 2022. The ASEAN countries are Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, Vietnam and Brunei. ASEAN region is home to more than 640 million people many of whom follow football avidly.

Notes:
On June 23, the International Olympic Committee (IOC) has formally opened its new headquarters in Lausanne, Switzerland, exactly 125 years after the Olympic Games were revived. The new headquarters costs 145 million Swiss francs ($145 million). The Olympic House has been built on the site of the former headquarters, and 95% of the old materials were reused and recycled. The signature feature is a central staircase linking together the five Olympic rings. Designed by architecture firm 3XN of Denmark, the energy-efficient building has won international awards for sustainability. Renewable energy is provided using solar panels on the roof and pumps taking water from Lake Geneva. It also brings around 500 IOC employees under one roof.

Notes:
The Imphal Peace Museum (IPM) has been gifted by Japan to Manipur to commemorate the 75th anniversary of the Battle of Imphal, which was one of the fiercest battles of the Second World War. The museum was inaugurated at Maibam Lokpa Ching popularly known as Red Hill. Around 70,000 Japanese soldiers, alongside those of Subhash Chandra Bose’s Indian National Army (INA), died in battles with the British-led Allied forces in areas around Imphal and Kohima from March to June 1944. The last of these battles was fought at Red Hill, where the Japanese War Memorial was built in 1944 to mark the 50th anniversary of the battle. The museum symbolizes the reconciliation between Japan & Britain and Japan & India. It is to reinforce the message that history changes and makes us learn from the past.

Notes:
On June 26, the 32nd Congress of the International Seed Testing Association (ISTA) has kick-started in Hyderabad, Telangana. The Seed Congress is being held for the first time in South Asia. Over 600 delegates including seed experts, officials, policy makers and representatives of national and international companies from nearly 70 countries like the UK, South Africa, Argentina, New Zealand, Canada, Austria are taking part in the Congress. The deliberations will be mainly focusing on various technologies for increasing quality seed production and seed export-import policies. Several pre and post-event workshops, conferences and exhibitions are also being held as part of the 8-day long Congress.

Notes:
Vijaya Nirmala (75), the veteran actress and filmmaker , has passed away in Hyderabad on June 27, 2019. Born on 20th February 1946, Nirmala made her acting debut in 1950 as a child artiste in the Tamil movie ‘Machcha Rekhai’. She holds a record in the Guinness Book of World Records for being the first woman to direct as many as 47 films in different languages. She was also feted with the Raghupathi Venkaiah Award in 2008 for her contributions to Telugu cinema. She featured in over 200 films in Telugu, Tamil and Malayalam.

Notes:
Sarada Kumar Hota has been appointed as the new Managing Director of National Housing Bank (NHB) for a period of three years. Prior to this appointment, Hota was Managing Director and Chief Executive Officer of Can Fin Homes. NHB, which is now 100% owned by the government, is the nodal agency for supervision, refinance and development of the housing finance segment.