Current Affairs Quiz - May, 2019

Notes:
On May 26, China clinched the badminton world mixed-team championship at the 16th edition of the Sudirman Cup 2019 in the Chinese city of Nanning. They beat Japan in men’s doubles, women’s singles and men’s singles to clinch the title for an 11th time. In the latest Men’ singles match Shi Yuqi stunned world champion Kento Momota 15-21, 21-5,21-11. Japan has never lifted the mixed-team world championship since it began in 1989.

Notes:
The first-of-its-kind naval drill exercise ‘Pacific Vanguard’has been kick started by the United States, Japan, South Korea and Australia near Guam, United States. The “Pacific Vanguard” drill brings together more than 3,000 sailors from the four countries to sharpen skills and strengthen practical cooperation at sea. The drills will focus on live fire exercises, defensive counter-air operations, anti-submarine warfare, and replenishment at sea. The Royal Australian Navy contributed two frigates to the exercise – HMAS Melbourne and HMAS Parramatta. The Japanese Maritime Self-Defense Force sent destroyers – JS Ariake and JS Asahi, and South Korea the Republic of Korea Navy destroyer ROKS Wang Geon. The USS Blue Ridge, the Seventh Fleet’s flagship, will lead the operation from the U.S. side. Guam is home to more than 160,000 people, and was at the centre of nuclear tensions between Washington and Pyongyang in 2017, with North Korea threatening to hit the US territory with “enveloping fire”.

Notes:
Veeru Devgan (85), veteran action choreographer and father of Ajay Devgan, has passed away in Mumbai, Maharashtra on May 27, 2019. He choreographed action scenes in more than 80 films such as Hindustan Ki Kasam, Mr. India and Mr. Natwarlal (1993). He also acted in films like Kranti, Saurabh and Singhasan. Recently, he stopped going to film parties, but he was seen at the screening of ‘Total Dhamaal’.

Notes:
The International Day of United Nations Peacekeepers is observed every year on May 29 to pay tribute to the invaluable contribution by the uniformed and civilian personnel and to honour more than 3,800 peacekeepers who have lost their lives while rendering peacekeeping services. The 2019 theme is “Protecting Civilians, Protecting Peace”. This is the date when in 1948 the first UN peacekeeping mission named the “United Nations Truce Supervision Organization (UNTSO), began operations in Palestine. Since then, more than one million men and women have served in 72 UN peacekeeping operations, directly impacting the lives of millions of people, protecting the world’s most vulnerable and saving countless lives. India is the 4th largest troop contributor to the UN peacekeeping missions. UN peacekeeping has helped countries move from war to peace. At present, India contributes about 6,400 peacekeepers to various missions across the world.

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:
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:
To celebrate 2019 World Environment Day (WED), the Union Ministry of Environment, Forest & Climate Change (MoEFCC) has recently launched the song ‘Hawa Aane De’ to spread awareness about Air pollution. The theme song is written by Swanand Kirkire and sung by Shantanu Mukherjee, Kapil Sharma, Sunidhi Chauhan and Shankar Mahadevan. The film has been directed by Romanchak Arora. Every year, Union Environment Ministry celebrates WED focusing on the theme declared by UNEP and organizes several events. This year, the theme of Environment Day is ‘Air Pollution’. Hence, the events will include launch of film competition on environment, release of several books and three thematic sessions on Air Pollution, Waste Management and Forests: the Green Lungs of cities. It is noteworthy that to combat air pollution, MoEFCC has recently launched the National Clean Air programme (NCAP) which is a mid-term 5 Year Action Plan with targets of 20-30% reduction of PM 2.5 and PM 10 concentration in 102 cities, out of which 84 cities have already submitted their action plan. The main objective of NCAP is to control and abate air pollution across the country. It is a multi sectoral and collaborative approach with mainstreaming and integration.

Notes:
The Gujarat government has decided to equip the traffic police with ‘laser guns’ for detection of over-speeding by vehicles. The state traffic police has purchased 39 such high-tech guns at a cost of Rs.3.9 crore. The gun uses laser technology to detect the speed of a vehicle. It can record speed of three vehicles simultaneously in a second, even if the vehicles are a km away. The speed gun is an online device which can send an e-memo to the owner with a photo of the vehicle. If required, the speed gun can also generate and print the challan offline on the spot. It is also capable of recording videos of the over- speeding vehicles which will serve as a proof if the vehicle owner confronts the police.

Notes:
The IIT- Guwahati has signed a MoU with the Indian Space Research Organisation (ISRO) to set up a Space Technology Cell (STC) within the premise of IIT Guwahati. The new IITG-ISRO STC would be first-of-its-kind in the North-east region to augment research and capacity building processes in the field of space-technology. Through the STC, IIT Guwahati aspire to partner with ISRO for performing cutting edge research not only catering to the socio-economic needs of the Northeast but also to contribute towards the basic research activities of various ISRO projects across India. With STC, the Institute of IIT Guwahati and ISRO can work together to solve space science related problems in the modern world.

Notes:
The Reserve Bank of India (RBI) will observe 2019 Financial Literacy Week (FLW) across the country from 3rd to 7th of June. The theme this year is – ‘Farmers and how they benefit by being a part of the formal banking system’. The posters and leaflets will be used to spread awareness and spread the message of financial literacy among the farming community. The RBI has advised banks to display the posters and content in their rural bank branches, Financial Literacy Centres, ATMs and websites. It will also undertake a mass media campaign this month on Doordarshan and All India Radio to disseminate essential financial awareness messages to farmers.