Current Affairs Quiz - March, 2019

Notes:
The book titled “The Great Disappointment: How Narendra Modi Squandered a Unique Opportunity to Transform the Indian Economy” has been authored by economic and political commentator Salman Anees Soz. The book claims that Demonetisation was a terrible idea and the government’s own economic surveys have indicated that this move contributed to a slowdown in the economy. According to author, demonetisation was a self-goal by the Modi government. The book attempts to answer the overarching question of whether or not the Modi government transformed India’s economy and what the next government’s agenda should look like. The book is also a critical assessment of five years of the brand of economics Modi has championed, often referred to as ‘Modinomics’.

Notes:
Delhi-based Journalist and author, Raghu Karnad has won the 2019 Windham-Campbell Prize under non-fiction category for his debut book ‘The Farthest Field: An Indian Story of the Second World War’ in London. Hence, Karnad has become the 2nd Indian to receive the prestigious prize, since Jerry Pinto won it for his novel ‘Em And The Big Hoom’ in 2016. Karnad is one of the 8 winners chosen across four categories—fiction, non-fiction, drama and poetry— this year. Each of the eight winners won $165,000 as prize money to support their writing. In terms of the award money, Windham-Campbell Prize is one of the richest literary awards worldwide. The Windham-Campbell Prize was established in 2013 by writer Donald Windham to honour his late partner Sandy Campbell. It is now co-presented by the Beinecke Rare Book and Manuscript Library at Yale University.

Notes:
The World Water Day (WWD) is observed every year on 22nd March to tackle the global water crisis in households, schools, workplaces and farms. This day is also celebrated as a means of focusing attention on the importance of freshwater and advocating for the sustainable management of freshwater resources. an opportunity to learn more about water related issues, be inspired to tell others and take action to make a difference. Water is an essential building block of life. It is more than just essential to quench thirst or protect health; water is vital for creating jobs and supporting economic, social, and human development. The 2019 theme ‘Leaving no one behind’ is the central promise of the 2030 Agenda for Sustainable Development. The aim of Sustainable Development Goal 6 (SDG 6) is to ensure availability and sustainable management of water for all by 2030. By definition, this means leaving no one behind.

Notes:
The first-ever high-level dialogue on Indo-Pacific Cooperation (HLD-IPC) was held in Jakarta, Indonesia with theme was ‘Towards a Peaceful, Prosperous, and Inclusive Region’. It was organized by Government of Indonesia and saw participation of all 18 EAS member states including India. The Dialogue reflected India’s view that has outlined by PM Modi in 2018 Shangrila Dialogue — inclusive and transparent & rules based indo-Pacific. The delegates participated in the thematic debate under three themes: sustainable development goals, maritime cooperation, and infrastructure and connectivity. The purpose of the dialogue was to urge all participating governments to talk openly about their plans for increasing cooperation and for building trust in Pacific Ocean and Indian Ocean region.

Notes:
On the occasion of World Happiness Day (WHD -2019), the United Nations released the 7th annual World Happiness Report, which ranks the world’s 156 countries on “how happy their citizens perceive themselves to be”. In it, India has dropped 7 spots and is ranked 140th in the 2019 UN World Happiness Index. As a result, India featured in the five countries that had the largest drop since 2005-2008 in the index, along with Yemen, Syria, Botswana and Venezuela. Finland has been ranked as the happiest country in the world for the second year in succession. The Nordic nation is followed by Denmark, Norway, Iceland and The Netherlands. The report ranks countries on six key variables that support well-being: Income, freedom to make life choices, Trust, Healthy life expectancy, Social support and Generosity. The report noted that there has been an increase in negative emotions, including worry, sadness and anger. Pakistan is ranked 67th, Bangladesh 125th and China is placed at 93rd, according to the report. People in war-torn South Sudan are the most unhappy with their lives, followed by Central African Republic (155), Afghanistan (154), Tanzania (153) and Rwanda (152).

Notes:
Researchers at Purdue University in the US, including one of Indian origin, have developed a new process to remove nearly all traces of oil in produced water — a byproduct from the oil refinery and extraction process. The process uses activated charcoal foam and subjects it to solar light to produce heat and purify the water. The foam absorbs the oil contaminants from the water. Ashreet Mishra, a graduate research assistant at the Purdue University, said that this is a simple, clean and inexpensive treatment process. The process meets all environmental standards for clean water from industrial sources and had a total organic carbon of 7.5 milligrams per litre. Another advantage is that the oil absorbed by the foam can be recovered efficiently. The researchers were able to recover up to 95% of the oil that was absorbed. The process could be integrated with existing disposal systems to purify a large amount of water and reduce the current stress on water grids.

Notes:
India has moved up two places to rank 76th on a global energy transition index 2019. This annual list, compiled by Geneva-based World Economic Forum (WEF), has ranked 115 economies on how well they are able to balance energy security and access with environmental sustainability and affordability. Sweden remains on the top on this annual list and is followed by Switzerland and Norway in the top three. Among major economies, the UK is ranked 7th, Singapore 13th, Germany 17th, Japan 18th and the US 27th. Within Asia, Malaysia is ranked highest at 31st, Sri Lanka is 60th, Bangladesh 90th and Nepal 93rd. The report said that India is amongst the countries with high pollution levels and has a relatively high CO2 intensity in its energy system. Despite this, India has made significant strides to improve energy access in recent years, and currently scores well in the area of regulation and political commitment towards energy transition. The report suggested there was a ground for optimism regarding India despite the current outdated energy system not being ready for the transition because an enabling environment is being built to support the future transition.

Notes:
The Sree Chitra Tirunal Institute of Medical Sciences and Technology (SCTIMST) has recently developed an anti cancer anti-inflamatory drug conjugated to the human serum Albumin. It is an intravenous delivery system, enabling 100 fold increase in drug bio-availability and is a mix of human serum albumin and a plant based drug. This combination is the first of its kind as human albumin which is more compatible to the human body is being used. Clinical trials in humans have to be completed and results assessed as the ensuing steps towards commercialisation. The institute has also developed the technology of isothermal based DNA amplification device to detect TB bacterium in sputum samples in less than 30 minutes. Nearly 2-3 million people are infected with Tuberculosis and the prevalence of totally drug resistant TB (TDR-TB) is very high in India. The TB screening device employs a nucleic acid amplification technique to detect TB in less than 30 minutes with high specificity and without false positives. It can simultaneously screen 20 patient samples in one assay and at considerably lower cost than the existing devices ( costs approx Rs 2500/ sample). The device will also help in mass screening of population of people for TB at a substantially low cost.

Notes:
The Financial Technology (Fintech) Conclave has been organized by NITI Aayog in New Delhi and was inaugurated by Reserve Bank of India (RBI) Governor Shaktikanta Das. The objective of the conclave is to shape India’s continued ascendancy in FinTech, build the narrative for future strategy and policy efforts, and to deliberate steps for comprehensive financial inclusion. Nearly 300 Representatives from across the financial space – central ministries, regulators, bankers, startups, service providers and entrepreneurs are participating in the conclave. India is one of the fastest growing FinTech markets globally and industry research has projected that USD 1 Trillion or 60% of retail and SME credit, will be digitally disbursed by 2029. The Indian FinTech ecosystem is the third largest in the globe, attracting nearly USD 6 billion in investments since 2014.

Notes:
Chennai Super Kings star Suresh Raina has scripted history as he became the first cricketer in the history of the Indian Premier League (IPL) to score 5,000 runs. He reached the milestone during the first match of the 2019 IPL season against Royal Challengers Bangalore at MA Chidambaram Stadium in Chennai. Raina has 5000 runs from 177 matches at a strike-rate of 138.15 including 35 fifties and one hundred.