Current Affairs Quiz - May, 2019

Notes:
Cardiologist Prof. Balram Bhargava has won the 2019 Dr Lee Jong-wook Memorial Prize for Public Health at the 72nd World Health Assembly in Geneva. He bagged the award for his achievements as a clinician, innovator, researcher and trainer. Prof. Bhargava is the Director-General of the Indian Council of Medical Research (ICMR). His passion to know how things work, and to make them work, has resulted in a long list of innovative medical devices – affordable, created and applied in India. In cooperation with the Indian Institute of Technology (IIT), the All India Institute of Medical Sciences (AIIMS) and a devoted follower group of more than 100 young innovators, his work on developing low-cost devices is already saving thousands of lives.

Notes:
The 2nd edition of Shanghai Cooperation Organization (SCO) Mass Media Forum was held at Bishkek, Kyrgyzstan from 23-26 May, 2019. A delegation from I&B Ministry represented India at the Forum. The Forum was inaugurated by the President of Kyrgyz Republic Mr. S. Jeenbeko. The President in his inaugural address highlighted the importance of Mass Media organizations of SCO countries in accomplishing the SCO objectives of mutual trust, friendly relations with neighbors and regional security in line with the “Shanghai Spirit”. The Forum aims to strengthen the exchange and cooperation in the field of mass media amongst SCO countries. It offers a unique platform for active work through mass media to create an objective vision of the organization and strengthen its positive image in the global information space.

Notes:
The British-Sri Lankan human rights documentary maker- turned debut novelist, Guy Gunaratne has won the 2019 £30,000 Swansea University International Dylan Thomas prize for his debut novel ‘In Our Mad and Furious City’. It is the fictional account of 48 hours in a North London housing estate after the murder of a British soldier. Gunaratne is a human rights documentary maker-turned-debut novelist. The £30,000 Prize is awarded to the best published literary work in the English language, written by an author aged 39 or under.

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In squash, Mahesh Mangaonkar from India has clinched the Sekisui Open title for the second time in his career in Kriens, Switzerland on May 25, 2019. In the final, Top-seeded Mahesh beat third seed Bernat Jaume of Spain in four games 11-9, 3-11, 11-5, 11-5. He had won the corresponding title for the first time in 2016. Sekisui Open is a Challenger tour event of the Professional Squash Association (PSA), the world body which governs the sports .

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.

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The Union government has constituted the Unlawful Activities (Prevention) Tribunal to adjudicate whether or not there is sufficient cause for declaring the Liberation Tigers of Tamil Eelam (LTTE) as an unlawful association. The Tribunal is comprised of sitting Judge of Delhi High Court Justice Sangita Dhingra Sehgal. Earlier, the Home Ministry had issued a notification extending ban on LTTE in India for a further period of five years. LTTE was banned in India after the assassination of former Prime Minister Rajiv Gandhi in 1991.

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The International Everest Day (IED) is observed every year on May 29 to mark the first successful climb to the world’s highest peak Mount Everest. On this day in 1953, Sir Edmund Hillary and Tenzing Norgay Sherpa reached the zenith of the mountain and became the first humans to achieve the feat in memory of the first summit of Mt. The day is celebrated with memorial events, processions, and special events in Kathmandu and the Everest region. Nepal decided to observe the day as International Everest Day (IED) since 2008, when the legendary climber Hillary passed away.

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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.

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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:
Actor Carmine Caridi (85), who is best remembered for playing Carmine Rosato in “The Godfather: Part II,” has passed away in California, United States on May 28, 2019. Besides “The Godfather” series, he also starred in TV shows including Phyllis, Starsky and Hutch, Taxi, NYPD Blue as Detective Vince Gotelli and Fame as Angelo Martelli. Interestingly, in 2004, Caridi became the first person to be expelled from the Academy of Motion Picture Arts and Sciences (AMPAS) after sharing screeners. He was booted out for passing on screeners of movies vying for Oscar attention. He along with Russell Sprague were sued by Sony and Time Warner on civil charges of copyright infringement. Caridi was cleared of wrongdoing.