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:
In October 2020, Sweden will host an international conference against anti-Semitism in memory of the Holocaust. The conference, which is scheduled to be held in Malmo, will coincide with two significant dates: the 75th anniversary of the liberation of Europe from Nazi rule and the 20th anniversary of the Stockholm Declaration, the founding document of the International Holocaust Remembrance Alliance (IHRA), which assists with the commemoration and study of the Holocaust around the world. Antisemitism is hostility to, prejudice, or discrimination against Jews.

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:
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:
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:
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:
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.