Current Affairs Quiz - May, 2019

Notes:
The World Day for Cultural Diversity for Dialogue and Development is observed every year on May 21 to increase the understanding of issues around cultural diversity and development among governments, non-governmental organizations and the public. The day was created as a result of the destruction of the Buddha statues of Bamiyan in Afghanistan in 2001. This year, in 2019, the UAE has celebrated the day to highlight its efforts in promoting tolerance and cultural diversity. The event will coincide with the country’s declaration of 2019 as the Year for Tolerance and its hosting of many related events. The UAE has cultural relations with many countries and is an active member of the United Nations Educational, Scientific and Cultural Organisation (UNESCO).

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The State Bank of India (SBI) has announced a strategic partnership with the FMCG arm of The Art of Living — Sri Sri Tattva. Under this partnership, YONO users can avail a discount of 15% on the entire range of products offered by Sri Sri Tattva such as food, personal care, healthcare, homecare, BYOGI apparels and Shankara skincare products. Sri Sri Tattva will make YONO’s online marketplace richer with product portfolio in the organic, wellness and Ayurvedic domains, giving SBI customers formidable shopping experience.

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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.

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NASA has recently unveiled the calendar for the “Artemis” program that will return astronauts to the Moon for the first time in half a century. It will also include 8 scheduled launches and a mini-station in lunar orbit by 2024. The original lunar missions were named for Apollo — Artemis was his twin sister in Greek mythology, and the goddess of hunting, wilderness and the Moon. The acronym ‘ARTEMIS’ stands for ‘Acceleration, Reconnection, Turbulence, and Electrodynamics of the Moon’s Interaction with the Sun’. NASA Administrator Jim Bridenstine confirmed that Artemis 1 will be an uncrewed mission around the Moon planned for 2020. Next will come Artemis 2, which will orbit Earth’s satellite with a crew around 2022; followed finally by Artemis 3 that will put astronauts on lunar soil in 2024, including the first woman. All the three will be launched into space by the Boeing-led Space Launch System (SLS), the biggest rocket of all time.

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.

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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.

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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 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.

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Admiral Karambir Singh has taken charge as the 24th Chief of the Naval Staff (CNS) from Adm. Sunil Lanba, who stepped down upon retirement. He is the first helicopter pilot of the Navy to become the CNS. Prior to this post, Adm. Singh was the Flag Officer Commanding-in-Chief (FOC-in-C) of the Eastern Naval Command, headquartered in Visakhapatnam. During his long and distinguished service spanning nearly 39 years, Adm. Singh has served in a variety of Command, Staff and Instructional appointments. The tenure of a Service Chief is three years or 62 years of age, whichever is earlier.

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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.