Current Affairs Quiz - May, 2024

Notes:
The National Bank for Agriculture and Rural Development (NABARD) recently sanctioned a study on the impact evaluation of Geographical Indication (GI) products to Symbiosis School of Economics. A GI is a sign used on products that have a specific geographical origin and possess qualities or a reputation that are due to that origin. The protection of intellectual property through laws will help to reap benefits in terms of economic growth, employment and income generation.

Notes:
The International Monetary Fund (IMF) approved a $1.1 billion disbursement to Pakistan under the Stand-By Arrangement (SBA), aimed at addressing balance of payments issues. SBAs offer short-term financial aid to member countries, commonly used by both advanced and emerging economies. Eligibility extends to nations with external financing needs. Funding is contingent on policy reforms, including quantitative targets and structural measures. Loan duration ranges from 12 to 36 months.

Notes:
India will host the BWF World Junior Championships 2025 at the National Centre of Excellence in Guwahati, as announced by the Badminton World Federation (BWF). It marks India’s first hosting since 2008, when Pune held the event. The specific dates for the 2025 edition will be disclosed later.

Notes:
Rajasthan introduced a digital water distribution system for agriculture, employing “Barabandi,” a fixed turn method for canal water distribution. The new online “barabandi” system, developed by NIC Jaipur, allows scheduled irrigation supply accessible remotely. Farmers can track water flow to their fields, reducing manual errors. This innovation aims to optimize water usage and enhance agricultural efficiency in Rajasthan.

Notes:
India will host the 46th Antarctic Treaty Consultative Meeting (ATCM 46) and the 26th Meeting of the Committee for Environmental Protection (CEP 26) in Kochi, Kerala, from May 20 to 30. Organized by the Ministry of Earth Sciences (MoES) through the National Centre for Polar and Ocean Research (NCPOR), these meetings aim to foster global discussions on Antarctica’s environmental conservation and scientific collaboration. India, a Consultative Party since 1983, operates two research stations and enacted the Antarctic Act in 2022.

Notes:
Dr. Purnima Devi Barman, an Assamese wildlife biologist, clinched her second Whitley Gold Award, also known as the Green Oscar, for safeguarding the endangered Hargila or Greater Adjutant Stork and its wetland home. She previously won in 2017. Princess Anne, the charity’s patron, presented her the trophy in London. Dr. Barman mobilized locals to protect the stork and its habitat, increasing their population from 450 to over 1800.

Notes:
RailTel Corporation of India has partnered with a tech firm to implement KAVACH, an indigenous Automatic Train Protection System, in India and abroad. Developed by RDSO in collaboration with the Indian industry, KAVACH operates at Safety Integrity Level – 4 with a remarkably low error probability. Its features include centralized train movement monitoring, automatic overspeed prevention, and SOS message relaying.

Notes:
Nepal introduced a new Rs 100 currency note featuring disputed Indian territories—Lipulekh, Limpiyadhura, and Kalapani—triggering contention from India. Prime Minister Prachanda chaired a meeting where the decision was made. Rekha Sharma, also the communication minister, announced the update following Nepal Rastra Bank’s proposal. The move follows tensions since Nepal’s 2020 political map included these areas. India had included them in its 2019 map, leading to diplomatic strains, notably over a road construction.

Notes:
Catatumbo lightning, a natural phenomenon over Venezuela’s Catatumbo River, occurs due to warm Caribbean air meeting cooler Andean air, creating towering cumulonimbus clouds charged with electricity. Lake Maracaibo’s proximity to the Andes and the Caribbean enhances this phenomenon. With up to 160 nights of lightning annually and 28 strikes per minute at its peak, the region earns the title “the lightning capital of the world.” Lake Maracaibo is Latin America’s largest and one of the oldest lakes.

Notes:
Rising temperatures in India could slash milk production by 25% by 2085, warns a Lancet report. India, the top global milk producer and consumer, faces severe livelihood and nutrition risks. The northern plains contribute 30% of India’s milk, supported by 89 million smallholder farmers. Heat stress, measured by the Temperature Humidity Index (THI), reduces milk yield. Unabated, this could cost 3.4 lakh tons of milk and 15,000 crores by 2030 in the northern plains alone.