Current Affairs Quiz - June, 2019

Notes:
Maharashtra bagged the top slot in the second edition of the US Green Building Council’s (USGBC) list of India’s top ten states that have maximum number of LEED (Leadership in Energy and Environmental Design) certified green buildings. LEED is a widely used green building rating system. Maharashtra has 334 LEED-certified green buildings, while Karnataka and Tamil Nadu have 232 and 157 buildings, respectively. The top 10 states for LEED are home to more than 840 million Indians and together include more than 475 million gross square feet of LEED-certified space. LEED is an international symbol of sustainability excellence which signifies a building is lowering carbon emissions, conserving resources and cutting down cost, while prioritizing sustainable practices and creating a healthier environment.

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:
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:
Justice Raghvendra Singh Chauhan has been sworn-in as new Chief Justice of Telangana High Court in Hyderabad. Governor ESL Narasimhan administered the oath of office to Justice Chauhan at Raj Bhavan. Justice Chauhan is the 2nd Chief Justice of the Telangana High Court after the bifurcation of the erstwhile Andhra Pradesh High Court in 2018.

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:
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:
Under the flagship Sagarmala Programme, the Union Ministry of Shipping has recently signed a Memorandum of Agreement (MoA) with IIT Kharagpur for setting up the Centre for Inland and Coastal Maritime Technology (CICMT) at IIT Kharagpur. The first-of-its-kind Centre will focus on ship design for coastal/inland waterways, shipbuilding technology and structural design, transport systems & logistics, cryogenic cargo handling, green/renewable energy harvesting from coastal and inland waters and automation and artificial intelligence (AI) for maritime operations. It will provide technological support, research, testing and experimentation facility to agencies involved in inland water transport, shipbuilding, ports. etc. Presently, only Germany, the Netherlands, Russia and Belgium have model testing facilities for ships.

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:
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:
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.