Current Affairs Quiz - May, 2019

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:
On 2019 World Meterology Day, the Council of Scientific and Industrial Research and National Physical Laboratory (CSIR-NPL) has recently introduced redefined International System of Units for the country. The redefined systems are Kilogram (SI unit of weight), Kelvin (SI unit of temperature), Mole (SI unit of amount of substance), and Ampere (SI unit of current). The purpose of a system of units is to enable world-wide coherence of measurements. CSIR- NPL has also sent the new definitions to the Ministry of Human Resource Development (MoHRD) for the engineering course syllabus and to National Council of Educational Research and Training for adoption in schools. It must be noted that the world’s scientific community adopted the resolution to redefine four of the 7 base units during the open session of the General Conference on Weights and Measures (CGPM) at BIPM in November 2018. Therefore, there is no change in the definition of three other SI units—second, metre and candela — which were defined based on natural constants.

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 Telangana government has decided to set up the India’s first ‘Blockchain district’ in Hyderabad to create an ecosystem for all the start-ups and institutes working in the space. Though the Blockchain technology encompasses all domains, the district would focus on banking, financial services and insurance; pharma and healthcare; logistics and supply chain; and the government sectors. The district would have a co-working space, an international liasioning office, a T-Hub-like incubator to mentor early-stage start-ups in the Blockchain space and a supporting R&D institute to promote innovation.

Notes:
India has invited the leaders of the BIMSTEC Member States for the swearing-in ceremony of Prime Minister Narendra Modi on May 30, 2019. Beside this, the invitations have also been sent to the President of Kyrgyzstan Sooronbay Jeenbekov who is the current Chair of the Shanghai Cooperation Organization (SCO) and Mauritius Prime Minister Pravind Jugnauth, the Chief Guest at this 2019 Pravasi Bhartiya Divas (PBD). The invitations are in line with the Government’s focus on its ‘Neighbourhood First’ policy. The BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) member states are: Bangladesh, Myanmar, Sri Lanka, Thailand, Nepal and Bhutan including India. President Ram Nath Kovind will administer the Oath of Office and Secrecy to Mr Modi for the second term and other members of Union Council of Ministers at a function in Rashtrapati Bhavan.

Notes:
President Muhammadu Buhari has been sworn-in for his second term as President of Nigeria in a ceremony at the Eagle Square in Abuja. He won 56% of the votes to defeat his main rival Atiku Abubakar of the Peoples’ Democratic Party (PDP) in the 2019 February election. Buhari will face a number of challenges during his second term as he tries to fulfil his election promises, including dealing with security threats and managing a sluggish economy and a high unemployment rate.

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 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.

Notes:
The Indian Air Force (IAF) and the Indian Space Research Organisation (ISRO) have recently signed a MoU for getting Indian astronauts trained for ISRO’s Gaganyaan mission. The development formally involves IAF’s Bengaluru-based medical arm, the Institute of Aerospace Medicine (IAM), in the programme as the nodal centre to train the first set of Indian astronauts. The Rs 10,000-crore Gaganyaan is planned for 2022, the 75th year of Indian independence. Gaganyaan (“Sky Craft”) is an Indian crewed orbital spacecraft intended to be the basis of the Indian Human Spaceflight Programme.