Current Affairs Quiz - May, 2019

Notes:
The International Day for Biological Diversity (IDB) is observed every year on 22 May 2019 to increase understanding and awareness about biodiversity issues on a global scale. The 2019 theme “Our Biodiversity, Our Food, Our Health” is meant to leverage knowledge and spread awareness of the dependency of our food systems, nutrition, and health on biodiversity and healthy ecosystems. The theme also the diversity provided by our natural systems for human existence and well-being on Earth, while contributing to other Sustainable Development Goals (SDGs), including climate change mitigation and adaptation, ecosystems restoration, cleaner water and zero hunger, among others.

Notes:
Dr. Hema Divakar, a Bengaluru-based medical doctor, has been honoured with the ‘Global Asian of the Year 2018-19’ award in Dubai recently for her yeomen services and contributions to the women’s healthcare ecosystem, in India. Dr. Divakar received the award at the Asian Business & Social Forum 2019 under the ‘In Service of the Society and the Nation’ category from UAE’s Trade Promotion Director Mohammed Naser Hamdan Al Zaabi. The award is conferred on those who stand out for vision, action and ingenuity and represent contemporary ideas to make global impact.

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:
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 .

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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 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:
Motilal Oswal Asset Management Company (AMC) has launched its WhatsApp transaction platform for new as well as existing investors. It is the first of its kind initiative by any fund house in India to do mutual fund transactions through the popular cross-platform messaging app. Investors can use WhatsApp to invest in any scheme from Motilal Oswal AMC. The investor through his/her registered number can initiate a transaction in Motilal Oswal MF schemes just by typing ‘Hi’. A customer can complete the entire process in less than two minutes and gets an instant transaction confirmation through the medium. The investor can make the investments either in a lump sum or through systematic investment plans (SIP).This feature is not a part of WhatsApp Pay and is different from using it as a payment channel.

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The Reserve Bank of India (RBI) has constituted a 6-member committee to review the existing state of mortgage securitisation in India and suggest measures to deepen it. The committee on the development of housing finance securitisation market, headed by Bain & Co Senior Advisor Harsh Vardhan, will review the regulations relating to Mortgage-Backed Securitization (MBS) currently in place, and make specific recommendations on suitably aligning the same with international norms. It will recommend specific measures for facilitating secondary market trading in mortgage securitisation instruments, such as broadening the investor base, and strengthening the market infrastructure.

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.

Notes:
On 30 May 2019, James Marape has been nominated, elected, and sworn-in as the 8th Prime Minister of Papua New Guinea (PNG). He is a former finance minister and critic of a major global gas development deal. His appointment comes after the outgoing leader Peter O’Neill resigned recently. Papua New Guinea is a South Pacific nation of 7.3 million people. It has rich reserves of copper, gold, and oil, but development has been hampered by public order issues, rugged terrain and disputes over land.