Current Affairs Quiz - June, 2019

Notes:
India’s first solar-powered cruise boat to be rolled out in Alappuzha, Kerala in December 2019. A Rs 3-crore cruise boat that can carry 100 passengers is under construction at a boatyard in Aroor. This is part of an initiative of the State Water Transport Department (SWTD), whose solar ferry Aditya in the Vaikom-Thavanakadavu route has proved to be a success. The hybrid vessel will be powered by a motor that can source energy from solar panels, battery, and generator. Its battery will have 80 KWh (kilowatt hour) power backup as compared to 50 KWh backup in Aditya.

Notes:
Thanjavoor Ramamoorthy (90), the noted mridangam exponent and former top grade staff artist of All India Radio (AIR), has passed away in Trichy, Tamil Nadu on June 22, 2019. He had the unique distinction of having accompanied four generations of Carnatic stalwarts starting from violin genius Muringapuri Gopalakrishna Iyer, right up to renowned vocalist ML Vasanthakumari. He was the recipient of the Kalaimamani award of the Government of Tamil Nadu.

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:
Author Amish Tripathi has been appointed the new director of Nehru Centre in London, which is under the Indian Council for Cultural Relations (ICCR). He will replace diplomat Srinivas Gotru. Tripathi is the author of best-selling books such as the Secret of the Nagas and Sita – Warrior of Mithila. The Nehru Centre was founded in 1992 with Gopalkrishna Gandhi as its founder director. Playwright-actor Girish Karnad was among the prominent people to have helmed the centre.

Notes:
Krishnaswamy Natarajan has beenappointed as the new Director General (DG) of the Indian Coast Guard (ICG). He will take over the charge after incumbent Rajendra Singh retires on 30th June 2019. An alumnus of the Defence Services Staff College, Wellington, Natarajan is now serving as Additional Director General and Coast Guard Commander (West) at Mumbai. He was instrumental in giving a fillip to the overall growth of the Coast Guard, post 26/11, in terms of assets and infrastructure development including a dedicated academy.

Notes:
Saudi Arabia has become the first Arab country to be granted full membership of Financial Action Task Force (FATF) following its Annual General Meeting at Orlando in Florida, USA. Since November 2004, Saudi Arabia has been a founding member of the Middle East and North Africa (MENA) arm of the FATF group. Its full FATF membership comes after it was reported the Kingdom had made “tangible progress” for its efforts in implementing the FATF’s guidelines. FATF is responsible for issuing international standards, policies and best practices to combat money laundering, terrorist financing and proliferation. The FATF Secretariat is housed at the OECD headquarters in Paris. As of June 2019, there are 39 Member countries of FATF and policies drafted by FATF are highly regarded and treated as law.

Notes:
The Rajasthan government has decided to set up Vedic education board and culture board in the state. It was announced by Chief Minister Ashok Gehlot at the 25th ‘Bhamashah Sammelan’ at Birla Auditorium in Jaipur. The board will help future generations take inspiration from Vedic culture.

Notes:
In Ladakh region of Jammu and Kashmir, tourist’s promotional festival – Ladakh Singhey Khababs Sindhu Festival celebrated on the bank of Indus River at Leh. The festival presents the Indus River as a symbol of the multi-dimensional cultural identity of India that got its name from the Indus River. Folk songs and dances are performed and local handicrafts and ethnic foods are being exhibited before the tourists during the festival.

Notes:
Sharad Kumar Saraf has been appointed as the new President of the Federation of Indian Export Organisations (FIEO). He succeeded renowned exporter Ganesh Kumar Gupta. Saraf is the chairman and founder of Technocraft Industries (India) Ltd. The FIEO is a trade promotion organisation in India, which is responsible for representing and assisting Indian entrepreneurs and exporters in foreign markets.

Notes:
On July 28, the Union government has launched the Go Tribal Campaign in New Delhi to promote the use of tribal handicrafts and natural products. TRIFED has organized this event to institutionalize collaborations and partnerships with different organizations to promote tribal products. During the event, Tribes India and Amazon Global Marketing (AGM) have launched TRIBES India products globally through Amazon platform. With this collaboration, tribal products will be available in the US and will help establish an export market with tribal products. The collection of Madua, Jowaer, Bazra, Red Rice, Honey, Lac products, Spices, Coffee, Tea and Handmade Soaps produced by Tribals in various parts of the country will also be showcased.