Current Affairs Quiz - May, 2019

Notes:
The World Bee Day (WBD) is celebrated every year on May 20 to acknowledge the role of bees and other pollinators for the ecosystem. It provides an opportunity for governments, organizations, civil society and concerned citizens everywhere to promote actions that will protect and enhance pollinators and their habitats, improve their abundance and diversity, and support the sustainable development of beekeeping. 20 May coincides with the birthday of Anton Janaa, who in the 18th century pioneered modern beekeeping techniques in his native Slovenia and praised the bees for their ability to work so hard, while needing so little attention. The 2019 theme ‘Save the Bees’ is meant to raise awareness on the increasing need to preserve bees and other pollinators.

Notes:
Dr. Hema Divakar, a Bengaluru-based medical doctor, has been honoured with the ‘Global Asian of the Year 2018-19’ award in Dubai recently for her yeomen services and contributions to the women’s healthcare ecosystem, in India. Dr. Divakar received the award at the Asian Business & Social Forum 2019 under the ‘In Service of the Society and the Nation’ category from UAE’s Trade Promotion Director Mohammed Naser Hamdan Al Zaabi. The award is conferred on those who stand out for vision, action and ingenuity and represent contemporary ideas to make global impact.

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.

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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.

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Lewis Hamilton, a British racing driver who races in Formula One for Mercedes-AMG Petronas Motorsport, has won the 2019 Monaco Grand Prix with a perfectly measured drive.

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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:
Murray Gell-Mann (89), a Jewish American physicist who theorized the existence of the quark and won a Nobel Prize for his method of classifying particles, has passed away in New Mexico on May 24, 2019. He transformed physics by devising a method for sorting subatomic particles into simple groups of eight, based on electric charge, spin and other characteristics. He called his method the “eightfold way” after the Buddhist Eightfold Path to enlightenment. Later he developed the theory that identified “quarks,” indivisible components of Earth’s matter that make up protons, neutrons and other particles.

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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.

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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.

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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.