Current Affairs Quiz - May, 2019

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:
On May 24, the Defence Research and Defence Organisation (DRDO) successfully flight tested a 500 kg class Inertial Guided Bomb (IGB) from Su-30 MKI Aircraft from the Pokhran test range in Rajasthan. The guided bomb achieved the desired range and hit the target with high precision. The weapon system is capable of carrying different warheads. The test firing of the guided bomb came two days after the Indian Air Force (IAF) successfully test fired the aerial version of the supersonic BrahMos cruise missile from a Sukhoi jet at the Andaman and Nicobar Islands. The 2.5 tonne air-to-surface missile has a range of around 300 km, and it will significantly enhance the IAF’s combat capability. The BrahMos cruise missile travels at a speed of Mach 2.8, nearly three times that of sound.

Notes:
The 2nd edition of Shanghai Cooperation Organization (SCO) Mass Media Forum was held at Bishkek, Kyrgyzstan from 23-26 May, 2019. A delegation from I&B Ministry represented India at the Forum. The Forum was inaugurated by the President of Kyrgyz Republic Mr. S. Jeenbeko. The President in his inaugural address highlighted the importance of Mass Media organizations of SCO countries in accomplishing the SCO objectives of mutual trust, friendly relations with neighbors and regional security in line with the “Shanghai Spirit”. The Forum aims to strengthen the exchange and cooperation in the field of mass media amongst SCO countries. It offers a unique platform for active work through mass media to create an objective vision of the organization and strengthen its positive image in the global information space.

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:
In squash, Mahesh Mangaonkar from India has clinched the Sekisui Open title for the second time in his career in Kriens, Switzerland on May 25, 2019. In the final, Top-seeded Mahesh beat third seed Bernat Jaume of Spain in four games 11-9, 3-11, 11-5, 11-5. He had won the corresponding title for the first time in 2016. Sekisui Open is a Challenger tour event of the Professional Squash Association (PSA), the world body which governs the sports .

Notes:
The architectural heritage of Orchha town in Madhya Pradesh has been included in UNESCO’s tentative list of world heritage sites following a proposal sent by the Archaeological Survey of India (ASI) to the U.N. body. According to the rules, to be a part of UNESCO’s World Heritage sites, the heritage or any historical site first has to be on the tentative list. After it makes to the tentative list, another proposal is sent to the UNESCO. Orchha town is situated on the banks of the Betwa river in Niwari district of MP’s Bundelkhand region. The town was built by King Rudra Pratap Singh of Bundela dynasty in the 16th century. The ancient town is famous for its Chaturbhuj Temple, Orchha fort complex, Raja Mahal among others. The Bundela architecture has Mughal influence since the two dynasties were very close. The famous King of Bundela dynasty Veer Singh Dev was a close friend of Mughal emperor Jahangir and fought wars as Akbar’s aid.

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:
India has been ranked 43rd most competitive economy in the 2019 edition of the IMD World Competitiveness Rankings on the back of its robust economic growth, a large labour force and its huge market size. In the 2019 rankings, India has scored well on several economic parameters and tax policies but has lagged in terms of public finance, societal framework, education infrastructure, health and environment. Singapore has topped the index, followed by Hong Kong SAR and United States. The IMD World Competitiveness Rankings, established in 1989, incorporate 235 indicators from each of the 63 ranked economies to evaluate their ability to foster an environment where enterprises can achieve sustainable growth, generate jobs and increase welfare for its citizens.

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.