Current Affairs Quiz - June, 2019

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 second edition of the “Healthy States, Progressive India” report has been released by NITI Aayog Vice Chairman Dr Rajiv Kumar. Kerala has topped among large states on overall health performance in NITI Aayog’s Health Index followed by Andhra Pradesh and Maharashtra. Though, Bihar and Uttar Pradesh have emerged as the worst performing states. However, in terms of incremental performance Haryana, Rajasthan and Jharkhand are the top three states who performed well in comparison to the last health index. The report ranks states and Union territories innovatively on their year-on-year incremental change in health outcomes, as well as, their overall performance with respect to each other. The report focuses on measuring and highlighting the overall performance and incremental improvement over a two-year period, 2016-17 and 2017-18 in the States and UTs. It takes a comprehensive look at health in terms of Health Outcomes, Governance and Processes and impact of policy interventions. The report has been prepared in collaboration with the Ministry of Health and Family Welfare (MoHFW) and with technical assistance from the World Bank.

Notes:
Italy’s Milan and Cortina d’Ampezzo have been chosen to host the 2026 Winter Olympics and Paralympics during the 134th session of the International Olympic Committee (IOC) in Lausanne, Switzerland. Skating sports and ice hockey will be held in Milan, while most alpine skiing events will take place in the resort of Cortina. Other snow sports will be held in other venues in the Italian Alps, including Bormio and Livigno. The 2026 Winter Olympics will take place from 6 to 22 February and the 2026 Winter Paralympics will be held from 6 to 15 March.

Notes:
Rachna Khaira of The Tribune has bagged the prestigious RedInk Award for ‘Journalist of the Year’ for her expose during 2018 on the functioning of the UIDAI and its Aadhaar data cache. The Mumbai Press Club, which has instituted the RedInk Awards for Excellence in Journalism, has bestowed the coveted Lifetime Achievement Award 2019 jointly to two retired senior journalists Dinu Ranadive (94), who retired as the chief reporter of Maharashtra Times, and photojournalist Sebastian D’Souza, who had served as photo editor of Mumbai Mirror. Ranadive started his career as the founder-editor of the “Samyukta Maharashtra Patrika”in the 1950s, which had a lasting impact in the movement for the unification of Maharashtra as a state based on language. He had also covered the Goa freedom struggle in 1961, the Bangladesh war in 1970-71 and broke stories on cement scandal of 1982. D’Souza had achieved acclaim for his photographs that captured the Lashkar-e-Taiba terror attack on Mumbai on November 26, 2008.

Notes:
Hemant Pandey, a senior DRDO scientist, has developed a herbal drug – Lukoskin – to treat leucoderma, a condition in which white patches develop on the skin. The auto-immune condition, also called ‘vitiligo’, can be life-altering. Vitiligo is neither contagious nor life-threatening. Worldwide, the incidence of leucoderma is 1-2% of the population. In India, its incidence is around 4-5% in some parts of Rajasthan. In Gujarat, it is very high at more than 5-8%. This skin disorder is considered a social stigma in India where people confuse it with leprosy. Recently, the Modi government also conferred Pandey with the prestigious ‘Science Award’ for developing ‘Lukoskin’ to treat the skin condition. Lukoskin is manufactured and marketed by Delhi-based AIMIL Pharma Ltd. It is available as an ointment and oral liquid. A more developed version is likely to hit the market soon.

Notes:
Odisha Chief Minister Naveen Patnaik has launched a unique flood hazard atlas on the basis of historic flood inundation captured through satellite imagery over the period from 2001 to 2018. It is expected to help the State manage floods more efficiently. The atlas will help the authorities to systematically plan flood control measures, to carry out relief operations, to plan relief shelters & health centres and to control development activities on flood plains. The atlas is prepared by Odisha State Disaster Management Authority (OSDMA) and National Remote Sensing Centre (NRSC) of the Indian Space Research Organisation (ISRO), Hyderabad. Around 14 lakh hectare of agriculture land is being affected by floods every year in Odisha.

Notes:
The Reserve Bank of India (RBI) has launched a new “Complaint Management System (CMS)” website where anyone can complain against any of the entities regulated by RBI. Through this website, complaints can be lodged against RBI regulated entities with public interface such as commercial banks, urban co-operative banks, non-banking financial companies (NBFCs), etc. All complaints lodged on the CMS would be directed to the appropriate office of the ombudsman/regional office of the RBI. The application also improves transparency by keeping the complainants informed through auto-generated acknowledgements and enabling them to track the status of their complaints and file appeals online against the decisions of the ombudsmen, where applicable.

Notes:
A well-known educationist, paediatrician & the author, Dr Gaurav Nigam has been conferred ‘Innovative Research Excellence Award 2019’ at Asian Leadership Summit (ALS) in Thimphu, Bhutan. Dr. Nigam is the founder of iCare – an organization working in the area of new-age child health care; and Intelligentsia, a research-based play school. Intelligentsia is all about scientific research and delivering early education through STEM approach. He has also authored a book titled ‘Devil Inside My Mind’.

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:
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.