Current Affairs Quiz - October, 2019

Notes:
The Reliance Mutual Fund has been renamed as Nippon India Mutual Fund (NIMF). The name change came after Nippon Life Insurance of Japan completed the acquisition of 75% stake in Reliance Nippon Life Asset Management from Reliance Capital. Nippon Life is Japan’s largest life insurance company and a global financial services conglomerate. It manages assets worth over $700 billion.

Notes:
The Nobel Prize in Physiology or Medicine 2019 was awarded jointly to William G. Kaelin Jr, Sir Peter J. Ratcliffe and Gregg L. Semenza “for their discoveries of how cells sense and adapt to oxygen availability”. The discoveries made by these scientists have fundamental importance for physiology and have paved the way for promising new strategies to fight anemia, cancer and many other diseases.

Notes:
The “Spirit Of Kerala”, which is directed by Arun Joseph, has become the first Indian short film that bagged the People’s Choice Award at the recently concluded My Rode Reel film competition. It is a short film by a group of Malayali youngsters on Vallamkali (boat racing) that showed the celebration of the spirit of survival in the face of disaster. My Rode Reel film competition is touted as the ‘world’s largest short film competition’.

Notes:
The Indian National Centre for Ocean Information Services (INCOIS) and Airport Authority of India (AAI) has launched a new satellite-based GEMINI system that will alert deep-sea fishermen of upcoming disasters. The acronym ‘GEMINI’ stands for “GAGAN Enabled Mariner’s Instrument for Navigation and Information”& is works on GAGAN (GPS-Aided Geo Augmented Navigation) satellite system of ISRO & AAI. Through GEMINI, all key alerts and messages would be sent through GAGAN and the designated device would receive and transfer it to a mobile phone through Bluetooth communication. The related mobile application would then decode and display the information to the user. It can be decoded into 9 languages. The technology for the device has been transferred to a Bengaluru-based company ‘Acord’. 

Notes:
The World Bank has recently released its report titled ‘South Asia Economic Focus, Making (De) Centralization Work’. As per report, Bangladesh has become the 2nd fastest growing economy in south Asia after Bhutan. The report point out that Bangladesh’s economy is likely to maintain growth above 7% i.e. supported by a robust macroeconomic framework, political stability, and strong public investments. However, the report stated that the financial sector vulnerability, fiscal pressures and loss of external competitiveness pose challenges to its growth rate.

Notes:
Union Minister of State for Culture and Tourism Prahlad Singh Patel participated in 2019 BRICS Culture Ministers’ meetingheld in Curitiba, Brazil. He reaffirmed India’s commitment to contribute towards strengthening bonds between member countries and also proposed to add literature as another field of cooperation between the countries to enhance cooperation in the field of literary works.

Notes:
Air India has become the first airline in the world to use a Taxibot on a A-320 aircraft with passengers on board. Taxibot is a robot-used aircraft tractor for taxiing an aircraft from parking bay to runway and vice-versa. Air India CMD Ashwani Lohani flagged off flight AI665 and it was carried to runway using Taxibot at Terminal 3 of the Delhi Airport – to Mumbai. It is a pilot controlled semi-robotic towbar-less aircraft tractor used as alternate taxiing equipment.

Notes:
K Satish Reddy, Chairman of Dr Reddy’s, has been appointed as President of the Indian Pharmaceutical Alliance (IPA) for 2019-2021. The IPA represents research-based National Pharmaceutical Companies.

Notes:
Indian-American Abhijit Banerjee, his wife Esther Duflo and Michael Kremer have jointly won the 2019 Nobel Economics Prize for their experimental approach to alleviating global poverty. Mr Banerjee was educated at the University of Calcutta, Jawaharlal Nehru University (JNU) and Harvard University, where he received his Ph.D in 1988. He is currently the Ford Foundation International Professor of Economics at the Massachusetts Institute of Technology (MIT). Ms Duflo is the 2nd woman to be awarded a Nobel in economics after Elinor Ostrom (2009) and  is also the youngest person-ever to receive the Economics Prize. The prize amount of 9 million Swedish krona will be shared equally between the three Laureates.

Notes:
Anoop Kumar Mendiratta has been appointed as the new Law Secretary (Secretary, Legal Affairs) in the Union Law Ministry on contractual basis till March 30, 2023. He  is at present the District and Sessions Judge (North East) of the Delhi’s Karkardooma Courts.  As per officials, it is the first time a sitting judge has been appointed as Law Secretary.