Current Affairs Quiz - May, 2019

Notes:
Saray Khumalo, a Zambia-born Johannesburg resident, has become the first black African women to conquer the summit of Mount Everest, with an elevation of 8,848m, in her fourth attempt. She uses her expeditions to raise funds for libraries and support children’s educational activities in Africa. So far, she has managed to raise about $80,000 for children’s education and libraries. She also supports a foundation that takes care of orphans, providing them with education, shelter and food. Khumalo has also climbed Mount Kilimanjaro in Tanzania, Aconcagua in Argentina and Mount Elbrus in Russia In 2003, South African park ranger Sibusiso Vilane became the first black person to summit Mount Everest.

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:
The World Turtle Day (WTD) is observed every year on May 23 across the world to bring attention to, and increase knowledge of and respect for, turtles and tortoises, and encourage human action to help them survive and thrive. This year, in 2019, the India Biodiversity Portal (IBP) initiated a ‘Turtle Spotting Week’ as part of a unique exercise to document the creatures across India. The initiative aims to gather information about India’s freshwater turtles and tortoises. Anyone who has an interest in Indian Freshwater Turtles and Tortoises can participate in the first edition of the Turtle Spotting Week 2019 (May 17 to May 23) and contribute by photographing, documenting and submitting observations of turtles and tortoises that they have observed around their neighbourhood, backyard water body or on wildlife trips.

Notes:
On May 26, China clinched the badminton world mixed-team championship at the 16th edition of the Sudirman Cup 2019 in the Chinese city of Nanning. They beat Japan in men’s doubles, women’s singles and men’s singles to clinch the title for an 11th time. In the latest Men’ singles match Shi Yuqi stunned world champion Kento Momota 15-21, 21-5,21-11. Japan has never lifted the mixed-team world championship since it began in 1989.

Notes:
The World Thyroid Day (WTD) is observed every year on May 25 to promote awareness and understanding of thyroid health and the advances made in treating thyroid diseases. The thyroid gland is an important part of the body and is extremely important as it regulates metabolism, affects energy levels, crucial body functions, and heart rate. Abnormalities in the thyroid gland can lead to excess production of the thyroid gland (hyperthyroidism), less production of the thyroid gland (hypothyroidism), thyroid nodules (lumps in the thyroid gland), goitre (enlargement of the thyroid gland), thyroiditis (inflammation of the thyroid gland) and thyroid cancer.

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:
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:
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.

Notes:
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.

Notes:
The IIT-Madras has recently launched an Integrated Database on Infrastructure Projects (IDIP) at the 15th World Conference on Transport Research conference held at IIT Bombay. The purpose of the data platform is to enhance the efficiency of infrastructure development and enable effective decision-making among different stakeholders involved in the sector. The initial focus of IDIP will be on the road sector, which has received the highest private investment among all infrastructure sectors. The PPP programme in the road sector in India is the largest in the world. The platform includes data coverage across the project life cycle comprising development, construction and operation phases. In addition to roads, other sectors such as railways, ports, and airports would also be included in the platform shortly.