Current Affairs Quiz - May, 2019

Notes:
The United Nations (UN) has recently released the World Economic Situation and Prospects (WESP) 2019 Mid-year Update. In it, the UN has lowered its forecast for India’s GDP growth in 2019-20 to 7.1% from its estimate in January of 7.5%, citing an overall slowdown in global growth. The report stated that the global economy is experiencing a broad-based growth slowdown led by slowing industrial production coupled with the weakening of international trade activity due in large part to the unresolved trade disputes between the U.S. and China. Overall, the UN lowered its growth forecast for South Asia marginally to 5.8% in 2020 from the 5.9% estimated for the year in January.

Notes:
On May 23, the NewSpace India Ltd. (NSIL) has officially inaugurated in Bengaluru, Karnataka to scale up industry participation in Indian space programmes. It is the commercial arm of Indian Space Research Organisation (ISRO). NSIL will act as an aggregator for all space related activities in industry and develop private entrepreneurship in space related technologies. Specifically, it will be responsible for manufacturing the and production of Small Satellite Launch Vehicle (SSLV) and Polar Satellite Launch Vehicle (PSLV) through technology transfer mechanisms. It will also cater to emerging global commercial SSLV market demand, providing satellite building and satellite-based services, including supply of sub-systems for various domestic and international application needs and will enable space technology spin-offs through Indian industry interface.

Notes:
NASA has recently unveiled the calendar for the “Artemis” program that will return astronauts to the Moon for the first time in half a century. It will also include 8 scheduled launches and a mini-station in lunar orbit by 2024. The original lunar missions were named for Apollo — Artemis was his twin sister in Greek mythology, and the goddess of hunting, wilderness and the Moon. The acronym ‘ARTEMIS’ stands for ‘Acceleration, Reconnection, Turbulence, and Electrodynamics of the Moon’s Interaction with the Sun’. NASA Administrator Jim Bridenstine confirmed that Artemis 1 will be an uncrewed mission around the Moon planned for 2020. Next will come Artemis 2, which will orbit Earth’s satellite with a crew around 2022; followed finally by Artemis 3 that will put astronauts on lunar soil in 2024, including the first woman. All the three will be launched into space by the Boeing-led Space Launch System (SLS), the biggest rocket of all time.

Notes:
The commandant of the Indian Army Infantry School, Lieutenant General Shailesh Tinaikar has been appointed as the new Force Commander of the United Nations Mission in South Sudan (UNMISS). He succeeded Lieutenant General Frank Kamanzi of Rwanda who completes his assignment on May 26. India is the fourth largest contributor of uniformed personnel to the UN peacekeeping missions, and currently contributes more than 6,400 military and police personnel to the UN peace operations in Abyei, Cyprus, the Democratic Republic of Congo, Haiti, Lebanon, the Middle East, South Sudan and the Western Sahara. India is the second highest troop contributing country to UNMISS with 2,337 Indian peacekeepers, second only to Rwanda with 2,750. In addition, India currently contributes 22 police personnel to UNMISS.

Notes:
Conrad K Sangma, the Chief Minister of Meghalaya, has launched Rs 18-crore Aroma Mission at Byrwa in Ri-Bhoi district with an aim to strengthen the livelihood condition of farmers and create employment opportunities in the state. The move will boost the cultivation of Medicinal and Aromatic Plants (MAPs). As part of the mission, a Memorandum of Agreement was also signed between the Central Institute of Medicinal and Aromatic Plants (CIMAP) and Meghalaya Basin Development Authority (MBDA) for a collaborative work on medicinal and aromatic plants. The CIMAP is a frontier plant research laboratory of Council of Scientific and Industrial Research (CSIR). The chief minister also called for preserving forest cover while announcing the government’s plan to plant one million trees on World Environment Day on June 5 in different parts of the state especially in catchment areas.

Notes:
The Reserve Bank of India (RBI) has constituted a six-member task force, headed by Canara Bank chairman T.N. Manoharan, on the development of secondary market for corporate loans. The terms of reference of the task force would include review of the existing state of the market for loan sale or transfer in India as well as the international experience in loan trading. Further the task force will be required to make recommendations on required policy or regulatory interventions for facilitating development of secondary market in corporate loans, including loan transaction platform for stressed assets. The task force has been asked to submit its report by the end of August 2019. In India, banks sell their stressed loans to the Asset Reconstruction Companies, but have practically no other alternatives. However, globally, there is a healthy corporate loan market where banks can offload their stressed assets and those get traded.

Notes:
The World No Tobacco Day (WNTD) is observed every year on May 31 to create awareness about the negative impacts of tobacco consumption on human health. The focus theme of 2019 edition of WNTD is on “tobacco and lung health”. The campaign will increase awareness on: the negative impact that tobacco has on people’s lung health, from cancer to chronic respiratory disease, the fundamental role lungs play for the health and well-being of all people. The campaign also serves as a call to action, advocating for effective policies to reduce tobacco consumption and engaging stakeholders across multiple sectors in the fight for tobacco control. On the occasion, the Union Ministry of Health and Family Welfare of India organized a national consultation on tobacco and lung health in New Delhi. The consultation, organized in collaboration with World Health Organization (WHO), was aimed at raising awareness about the negative impacts of any form of tobacco consumption on the health of lung and cancer causing micro-elements in it. Theme of the event was “Don’t Let Tobacco Take Your Breath Away – Choose Health Not Tobacco”.

Notes:
The scientists at the Stanford University in the US have developed a more stable prosthetic foot which they say could make challenging terrain more manageable for people who have lost a lower leg. The new design has a kind of tripod foot that responds to rough terrain by actively shifting pressure between three different contact points. Prosthetic emulators allow them to try lots of different designs without the overhead of new hardware. According to the study published in the journal IEEE Transactions on Biomedical Engineering, prosthetic limbs can better handle the rough ground. Outfitted with position sensors and motors, the foot could adjust its orientation to respond to varying terrain, much as someone with an intact foot could move their toes and flex their ankles to compensate while walking over rough ground.

Notes:
In Madhya Pradesh, Devi Ahilya Bai Holkar Airport of Indore has been declared as International Airport. It was given the International status as per sub-rule (b) of rule 3 of the Passport (Entry into India) Rules, 1950 by the Central Government. The airport, named after Maharani Ahilya Bai Holkar of Indore, is considered the busiest airport in the region. The Indore airport facilitates round the clock operations and was given its World Standardization Certificate by the UK. An international airport has customs and border control facilities enabling passengers to travel between countries. Such airports are usually larger than domestic airports and often feature longer runways.

Notes:
The Reserve Bank of India (RBI) will observe 2019 Financial Literacy Week (FLW) across the country from 3rd to 7th of June. The theme this year is – ‘Farmers and how they benefit by being a part of the formal banking system’. The posters and leaflets will be used to spread awareness and spread the message of financial literacy among the farming community. The RBI has advised banks to display the posters and content in their rural bank branches, Financial Literacy Centres, ATMs and websites. It will also undertake a mass media campaign this month on Doordarshan and All India Radio to disseminate essential financial awareness messages to farmers.