Current Affairs Quiz - May, 2019

Notes:
German payments company Wirecard has teamed up with India to simplify the process of issuing tax identity cards required to open bank accounts, transfer money or complete business transactions. The deal, with state company UTI Infrastructure Technology and Financial Services, seeks to widen the distribution of so-called PAN cards in the country of 1.3 billion where most people still live and work in the informal economy. Munich-based Wirecard, founded in 1999, runs a digital payments platform that handles payments for merchants and issues real and ‘virtual’ payment cards to consumers. It mainly operates under arrangements that allow their partners to rebrand their products. Wirecard is already has a presence in India and its network of 15,000 retail agents in 350 cities would help collect and scan in the documents that people need to apply for a PAN card.

Notes:
Acharya Balkrishna, the Managing Director of Patanjali Ayurved Ltd., has received the ‘UNSDG 10 Most Influential People in Healthcare Award’ on behalf of Patanjali Group of Institutions in Geneva, Switzerland. Balkrishna was among keynote speakers of the UNSDG (United Nations Sustainable Development Goals) organisation. The others are Randy Oostra, UNICEF executive director Henrietta H Fore, WHO director-general Dr. Tedros Adhanom Ghebreyesus and Abe Lee. Patanjali Ayurved produces a range of Ayurvedic medicinal and personal care products, among other consumer items. The company was co-founded by Baba Ramdev and Balkshrina.

Notes:
The British-Sri Lankan human rights documentary maker- turned debut novelist, Guy Gunaratne has won the 2019 £30,000 Swansea University International Dylan Thomas prize for his debut novel ‘In Our Mad and Furious City’. It is the fictional account of 48 hours in a North London housing estate after the murder of a British soldier. Gunaratne is a human rights documentary maker-turned-debut novelist. The £30,000 Prize is awarded to the best published literary work in the English language, written by an author aged 39 or under.

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:
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:
The International Everest Day (IED) is observed every year on May 29 to mark the first successful climb to the world’s highest peak Mount Everest. On this day in 1953, Sir Edmund Hillary and Tenzing Norgay Sherpa reached the zenith of the mountain and became the first humans to achieve the feat in memory of the first summit of Mt. The day is celebrated with memorial events, processions, and special events in Kathmandu and the Everest region. Nepal decided to observe the day as International Everest Day (IED) since 2008, when the legendary climber Hillary passed away.

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:
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:
Actor Carmine Caridi (85), who is best remembered for playing Carmine Rosato in “The Godfather: Part II,” has passed away in California, United States on May 28, 2019. Besides “The Godfather” series, he also starred in TV shows including Phyllis, Starsky and Hutch, Taxi, NYPD Blue as Detective Vince Gotelli and Fame as Angelo Martelli. Interestingly, in 2004, Caridi became the first person to be expelled from the Academy of Motion Picture Arts and Sciences (AMPAS) after sharing screeners. He was booted out for passing on screeners of movies vying for Oscar attention. He along with Russell Sprague were sued by Sony and Time Warner on civil charges of copyright infringement. Caridi was cleared of wrongdoing.

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.