Current Affairs Quiz - May, 2019

Notes:
The Asian Development Bank (ADB) has signed an agreement to provide long-term financing of $750 million equivalent in Indian rupees to fund the Railways track electrification project. It is the largest single non-sovereign loan ever committed by ADB to Indian Railway Finance Corporation (IRFC) to electrify railway tracks in India. It is part of a broad modernisation programme that will help the railways transition to electric power and move away from dependence on fossil fuels. IRFC will use the loan proceeds to install electric traction equipment along approximately 3,378 km of existing railway lines, which will enable the migration of passenger and freight traffic from diesel to electric traction. The electrification assets will be leased to the Indian Railways under a long-term lease agreement.

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:
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:
The workhorse of the Indian Air Force (IAF), the Russian made AN-32 transport aircraft was formally fleet certified to fly on a blended bio-jet fuel partly derived from trees. The fuel will be 10% tree-derived and 90% conventional aviation fuel. The IAF has plans to widen the experiment over the next two years. The approval for use of bio-fuel to fly the Russian made fleet was given by the Centre for Military Airworthiness and Certification (CEMILAC). The indigenous bio-jet fuel was first produced by the CSIR-IIP lab at Dehradun in 2013, but could not be tested or certified for commercial use on aircraft due to lack of test facilities in the civil aviation sector. This is a huge step in promoting the ‘Make in India’ mission as this bio-fuel would be produced from Tree Borne Oils (TBOs) sourced from tribal areas.

Notes:
The Reserve Bank of India (RBI) has allowed large modern currency chests to increase the service charges on cash deposited by non-chest bank branches from the existing rate of Rs. 5 per packet of 100 pieces to a higher rate subject to a maximum of Rs. 8 per packet. For this, only a Currency Chest (CC) that fulfils the minimum standards will be eligible to be classified as a large modern CC. The increased rates can be charged only after such classification by the issue office concerned.

Notes:
Bangladesh-based terror outfit — the Jamaat-ul-Mujahideen Bangladesh (JMB) — was banned by the Government of India (GoI) under the anti-terror law UAPA. The terror out fit is also called as Jamaat-ul-Mujahideen India or Jamaat-ul-Mujahideen Hindustan. The Union Home Ministry stated that the outfit has committed acts of terrorism, promoted acts of terrorism and has been engaged in radicalization and recruitment of youths for terrorist activities in India. Therefore, the JMB and all its manifestations have been inserted in the First Schedule to the Unlawful Activities (Prevention) Act (UAPA) of 1967. The listing under the First Schedule of the UAPA means the outfit is now a banned organisation in India.

Notes:
Rahi Sarnobat booked an Olympic quota place for India at World Cup rifle pistol stage in Munich, Germany by winning gold in women’s 25m pistol event. Asian Games champion Rahi clinched her career’s second World Cup Gold, which helped India win its sixth quota place in shooting for 2020 Tokyo Olympics. Now, India tops the Munich World Cup medals tally with three gold. China is at 2nd position with one gold, one silver and three bronze.

Notes:
Scott Morrison has been sworn-in as new Prime Minister of Australia, after retaining the position in the 2019 general election. Along with Deputy Prime Minister Michael McCormack, Mr. Morrison was sworn in by Queen Elizabeth’s official representative , Governor-General Sir Peter Cosgrove, at a ceremony in the capital, Canberra. Mr. Morrison became Australia’s 30th Prime Minister through an internal party vote in August 2018 in which he replaced Malcolm Turnbull as chief of the ruling Liberal Party. The 46th Parliament of Australia is expected to open in the first week of July.

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:
India’s only orangutan, ‘Binny’, has passed away at the age of 41 at Nandankanan Zoological Park in Odisha. The great ape was brought to the Odisha zoo in November 2003 from Pune’s Rajiv Gandhi Zoological Park on November 20, 2003, when she was 25. Orangutans are one of the world’s three extant species of great apes. According to the World Wide Fund for Nature (WWF), there are three species of orangutans — Bornean, Sumatran and Tapanuli. Bornean and Sumatran orangutans differ a little in appearance and behaviour. All three kinds of orangutans are listed as “Critically Endangered” by the United Nations-affiliated International Union for Conservation of Nature (IUCN). They are native to Indonesia and Malaysia and at present are found only in the rainforests of Borneo and Sumatra. The WWF states that orangutans, with distinctive red fur, are the largest arboreal mammal, spending most of their time in trees.They are considered to be among the most intelligent primates. They can live up to 45 years in the wild and even more in zoos.