Current Affairs Quiz - May, 2019

Notes:
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.

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:
Gian Chand (93), the veteran freedom fighter, has passed away at his native village in Mohalla Ramgarh of Chamba district, Himachal Pradesh on May 27, 2019. Born on 26th October 1926, Chand was a member of Azad Hind Fauj led by Netaji Subhash Chandra Bose.

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.

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:
Murray Gell-Mann (89), a Jewish American physicist who theorized the existence of the quark and won a Nobel Prize for his method of classifying particles, has passed away in New Mexico on May 24, 2019. He transformed physics by devising a method for sorting subatomic particles into simple groups of eight, based on electric charge, spin and other characteristics. He called his method the “eightfold way” after the Buddhist Eightfold Path to enlightenment. Later he developed the theory that identified “quarks,” indivisible components of Earth’s matter that make up protons, neutrons and other particles.

Notes:
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:
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.

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.