Current Affairs Quiz - May, 2019

Notes:
The State Bank of India (SBI) has become the first bank in the country to link its saving and loan interest rates to the Reserve Bank of India (RBI)’s repo rate. The move assumes significance as the effective interest rate from May 1 on savings deposit above Rs 1 lakh will come down to 3.25% from 3.5%. Though, the linking of short-term loans like overdraft and cash credit facility with limit of above Rs 1 lakh will now attract an interest rate close to 8.25%. Hence, the interest rates on large SBI savings account deposits and interest rate on some short-term loans will automatically change as and when RBI changes its repo rate. This will help in better transmission of RBI’s policy rates into the banking system.

Notes:
Dilip Kumar, a 1995-batch IAS officer of Punjab cadre, has been appointed as the Officer on Special Duty (OSD) in the office of Lokpal. He has been appointed for a period of six months on additional charge basis or till a new incumbent joins the post. It is perhaps the first official appointment of a bureaucrat in Lokpal. Prior to this post, he was joint secretary at National Human Rights Commission (NHRC). Earlier, on 23rd March 2019, President Ram Nath Kovind administered the oath of office to Justice Pinaki Chandra Ghose as the chairperson of the anti-corruption ombudsman. According to the rules, there is a provision for a chairperson and a maximum of 8 members in the Lokpal panel. Of these, four need to be judicial members.

Notes:
Ace Indian squash players Saurav Ghoshal and Joshna Chinappa won their respective Asian Individual Squash Championship titles in Kuala Lumpur, Malaysia on May 6. Saurav Ghoshal defeated Leo Au Chun Ming of Hong Kong 11-9, 11-2, 11-8 to win the men’s title. On the other hand, Joshna Chinappa retained her title as she beat top seed Annie Au of Hong Kong, 11-5, 6-11, 11-8, 11-6 in the women’s final event. Ghoshal who had become the first Indian male player to reach top ten of the world rankings is the finalist of the previous edition.

Notes:
After 8 years, India will once again mark its presence at the art world’s oldest Biennale in Venice, Italy that begins on 11th May 2019. The overarching theme at the 58th Venice Biennale 2019 is ‘Our Time for a Future Caring’, and India has decided to showcase Father of Nation Mahatma Gandhi to ensure a memorable show at the art event. In it, 16 of the 400 Haripura posters will go up on the walls of the India pavilion with the theme ‘Hundred and Fifty years of Mahatma Gandhi’. This will be the second time India will have a pavilion of its own at one of the biggest art events in the world. The India pavilion is curated by the Kiran Nadar Museum of Art (KNMA), and commissioned by the National Gallery of Modern Art (NGMA). The India Pavilion will revisit through diverse art forms, the indelible memory of Mahatma Gandhi, his philosophical ideas, and the many facets of Gandhi that continue to inspire, provoke and challenge the public, intellectuals and artists alike. In 1938, Mahatma Gandhi commissioned Indian modern artist Nandalal Bose to create paintings portraying different aspects of Indian life to be displayed at the Indian National Congress’ session in Haripura, Gujarat.

Notes:
The World Asthma Day (WAD) is celebrated every year on first Tuesday of May to increase awareness about asthma and aims to improve the lives of people with asthma across the world. Asthma is a chronic disease of the lungs which causes breathing problems. Asthma usually appears through symptoms like coughing, tightness in the chest, breathlessness. The 2019 WAD is observed on 7th of May with theme ‘Stop for Asthma’. According to the World Health Organisation (WHO), there are 235 million people currently suffering from asthma around the world. Asthma is one of the major non-communicable diseases and it is also the most common chronic disease in children. Regular exercise can help reduce asthma symptoms.

Notes:
In Mali, President Ibrahim Boubacar Keita has recently announced the new government of 37 members under Prime Minister Boubou Cisse after its predecessor resigned last month. Last week, Cisse signed a pact with opposition and majority party representatives declaring their willingness to set up a politically-inclusive new government. Cisse’s predecessor Soumeylou Boubeye Maiga and his entire cabinet resigned on April 18 following the massacre of some 160 members of the Fulani herding community on March 23 in the village of Ogossagou near Mali’s border with Burkina Faso. Tens of thousands of people took to the streets on April 5 to protest against an upsurge of violence that has claimed around 600 lives.

Notes:
The Volleyball Federation of India (VFI) has recently appointed Dragan Mihailovic (from Serbia) as head coach of the men’s national team in a move linked to the long term goal of Olympic Games qualification. The VFI also announced the appointment of Pryemyslaw Gaszyoski and Valadimir Radosevic as the team’s physio trainer and physiotherapist respectively. Besides the men’s national team, the trio will also look after the men’s U-23 team and other junior teams representing India. All the three have been appointed for 5 months and will work with the team for the Asian Championships scheduled to be held in Iran during September.

Notes:
The 5th edition of United Nations (UN) Global Road Safety Week has started from 6th May with theme “leadership for road safety”. The World Health Organization (WHO) promotes road safety as a means to reduce traffic-related injuries. Hence, UN Global Road Safety Weeks and its’ campaigns are chaired by WHO and the United Nations Economic Commission for Europe (UNECE). The 5th edition acknowledges that strong leadership is needed to advance road safety in countries and communities and achieve related Sustainable Development Goal and other global targets. Therefore, it launched action through the ongoing campaign: Save Lives – #SpeakUp. The #SpeakUp campaign provides an opportunity for civil society to generate demands for strong leadership for road safety, especially around concrete, evidence-based interventions which will save lives. It will also inspire leaders to take action by showcasing strong leadership for road safety within governments, international agencies, NGOs, foundations, schools and universities and private companies.

Notes:
The United Nations Secretary-General Antonio Guterres has appointed 17 global figures including Indian actress Dia Mirza and Alibaba chief Jack Ma as the new advocates to drive action and solidify global political will for the ambitious Sustainable Development Goals. The new class of Sustainable Development Goals (SDG) Advocates are influential public figures committed to raising awareness, inspiring greater ambition and pushing for faster action on the SDGs, which were adopted by world leaders on September 25, 2015. The Advocates represent the universal character of the SDGs, hailing from governments, entertainment, academia, sport, business and activist organizations around the world. The other newly-appointed SDG Advocates include Queen Mathilde of the Belgians, Sheikha Moza bint Nasser, Founder, Education Above All Foundation (State of Qatar), British screenwriter, producer and film director Richard Curtis, Nobel Laureate Nadia Murad, Director of Center for Sustainable Development, Columbia University Jeffrey Sachs, Brazilian footballer and UN Women Goodwill Ambassador and Founder and Chief Executive Officer, Whitaker Peace & Development Initiative, Forest Whitaker.

Notes:
BharatPe has launched India’s first UPI Bahi Khata for merchants, which allows merchants to record their cash/ credit (udhar) sales customer wise, request accounts receivable from customers via SMS payment links, and keep track of accounts payable to suppliers, among other services. It also serves as a networking platform for merchants to connect and collaborate with other BharatPe merchants near them to source and expand their businesses. BharatPe is the India’s first fintech start-up enabling payments for merchants through interoperable UPI QR codes.