Current Affairs Quiz - May, 2019

Notes:
Russia has recently launched the third and final Project 22220 LK-60Ya-class nuclear-powered icebreaker – the Ural – at the Baltic Shipyard in St Petersburg to open up Arctic shipping routes.The ship is one of a trio that when completed will be the largest and most powerful icebreakers in the world. It is part of an ambitious programme to renew and expand its fleet of the vessels in order to improve its ability to tap the Arctic’s commercial potential. The Ural will eventually be handed over to Russia’s state-owned nuclear energy corporation Rosatom in 2022 after the two other icebreakers in the same series – Arktika (Arctic) and Sibir (Siberia) – enter service. The main task for the Project 22220 icebreakers will be to clear passages for ship traffic on the Northern Sea route, which runs along the Russian Arctic coast from the Kara Sea to the Bering Strait. As per estimated of U.S. Geological Survey, the Arctic holds oil and gas reserves equivalent to 412 billion barrels of oil, about 22% of the world’s undiscovered oil and gas.

Notes:
The first session of the UN-Habitat Assembly has started at the headquarters of UN-Habitat in Nairobi, Kenya on May 27, 2019. In it, India has been elected to the Executive Board of the UN-Habitat Assembly. The special theme for 2019 Assembly is ‘Innovation for a better quality of life in cities and communities’ with the sub theme of ‘Accelerated Implementation of the New Urban Agenda towards achievement of the Sustainable Development Goals’. The 5-day Assembly will be attended by four Heads of State, over 40 ministers and high-level representatives from 116 countries with over 3,000 delegates attending. During the first session, The Assembly is expected establish the Executive Board of UN-Habitat and elect its members, to review and approve the UN-Habitat Strategic Plan 2020-2025 and also review the Progress in implementation of New Urban Agenda, among other things.

Notes:
Kalpana Dash (50), the first woman mountaineer of Odisha, has passed away near Balcony area of world’s highest peak Mount Everest on May 23, 2019.She had first scaled Mt Everest in 2008. During her decade and half-old career, she had trekked many mountains conquering peaks in Europe, America and Australia, besides India.

Notes:
Mumbai-based freelance writer, Annie Zaidi has been announced as the 2019 winner of the $100,000 Nine Dots Prize for her essay ‘Bread, Cement, Cactus’ Her essay is the combination of memoir and reportage to explore concepts of home and belonging rooted in her experience of contemporary life in India, where migration – within the country, especially from villages to cities – is high. The prestigious book prize is created to award innovative thinking that addresses contemporary issues around the world. The winner of the Nine Dots Prize is supported to develop their response into a full-length book, which is published by Cambridge University Press (CUP), and given the opportunity to spend a term at the Centre for Research in the Arts, Social Sciences and Humanities (CRASSH), Cambridge University.

Notes:
Ivo Karlovic (40) of Croatia has become the oldest man to win a match at the French Open since 1973, after he defeated the 37-year-old Feliciano Lopez of Spain in a first-round duel of the 2019 French Open Tennis Tournament at Roland Garros. This was the oldest men’s match in combined age at Roland Garros during the Open Era, and the 7th-oldest match at a Grand Slam. Karlovic is also the oldest to win a Grand Slam match since 1978. The record for women is held by Elizabeth Ryan, who was 42 when she won the 1934 women’s doubles with Simone Mathieu.

Notes:
The Trump administration has recently removed India and Switzerland from its currency monitoring list of major trading partners. Both the countries were removed from the list because for two consecutive reports they had both met only one of three criteria necessary for inclusion on the monitoring list. According to the report, India had a significant bilateral surplus & Switzerland had a material current account surplus. The watch list contains the names of countries that have potentially questionable foreign exchange policies and are suspected to be manipulating their currencies to gain trade advantages over the US. However, the list includes China, Japan, South Korea, Germany, Italy, Ireland, Singapore, Malaysia and Vietnam among others.

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 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:
The IIT-Madras has recently launched an Integrated Database on Infrastructure Projects (IDIP) at the 15th World Conference on Transport Research conference held at IIT Bombay. The purpose of the data platform is to enhance the efficiency of infrastructure development and enable effective decision-making among different stakeholders involved in the sector. The initial focus of IDIP will be on the road sector, which has received the highest private investment among all infrastructure sectors. The PPP programme in the road sector in India is the largest in the world. The platform includes data coverage across the project life cycle comprising development, construction and operation phases. In addition to roads, other sectors such as railways, ports, and airports would also be included in the platform shortly.

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The IIT- Guwahati has signed a MoU with the Indian Space Research Organisation (ISRO) to set up a Space Technology Cell (STC) within the premise of IIT Guwahati. The new IITG-ISRO STC would be first-of-its-kind in the North-east region to augment research and capacity building processes in the field of space-technology. Through the STC, IIT Guwahati aspire to partner with ISRO for performing cutting edge research not only catering to the socio-economic needs of the Northeast but also to contribute towards the basic research activities of various ISRO projects across India. With STC, the Institute of IIT Guwahati and ISRO can work together to solve space science related problems in the modern world.