Monthly Current Affairs Quiz - July, 2018

Notes:
The International Day of Tropics is observed every year on June 29 to raise awareness to the specific challenges faced by tropical areas, the far-reaching implications of the issues affecting the world’s tropical zone and the need, at all levels, to raise awareness and to underline the important role that countries in the tropics will play in achieving the Sustainable Development Goals (SDG). The day celebrates the extraordinary diversity of the tropics while highlighting unique challenges and opportunities nations of the Tropics face. It provides an opportunity to take stock of progress across the tropics, to share tropical stories and expertise and to acknowledge the diversity and potential of the region.

Notes:
Indian Kabaddi team clinched the Kabaddi Masters Dubai 2018 title by defeating Iran 44-26 in the summit clash in Dubai on June 30. In a battle between the top two sides of the world, the three-time world champions did not give Iran any ground to recover with Captain Ajay Thakur and youngster Monu Goyat led the raid charts. India’s defence was also excellent with Surjeet Singh returning with seven tackle points. India inflicted two all-outs on Iran, en route the massive victory. The six-nation invitational tournament was organised by International Kabaddi Federation (IKF). The Indian team will now focus on the Asian games. India is the reigning world champions and they now hold the title of the Kabaddi Masters too.

Notes:
NITI Aayog and Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) have signed a Statement of Intent (SOI) to implement fertiliser subsidy disbursement through Blockchain Technology. Both will work on implementing a Proof-of-Concept (PoC) application for using the technology in subsidy disbursements. They will jointly develop the use case, under take research, interact with multiple stakeholders, develop Blockchain solutions, exchange learnings, organise forums, and disseminate learnings across their networks. It must be noted that approximately Rs 70,000 crore of subsidy is disbursed to manufacturing units every year for selling around 31 million MT of fertilisers below cost and the fertilizer subsidy disbursal takes two to three months’ time. With the implementation of Blockchain Technology, it is expected that the distribution will become effective and efficient, and subsidy transfer could be automated and made real time.

Notes:
Australian hockey team has won the 2018 Men’s Hockey Champions Trophy by defeating India in the final via penalty shoot-off at Breda, the Netherlands on July 1, 2018. It was Australia’s record 15th Champions Trophy title. While India won their second consecutive silver medal, hosts the Netherlands bagged the bronze beating Olympic champions Argentina 2-0 in the third-fourth place match. The 2018 Hockey tournament was the 37th and the last edition of the prestigious Hockey Champions Trophy for men. It will be replaced by the Hockey Pro League (HPL) in 2019.

Notes:
For the first time, the US Food and Drug Administration has approved the world’s first-ever cannabis-based medicine “Epidiolex” made from marijuana. It is a milestone approval that could spur more research into a drug that remains illegal under federal law. The drug, manufactured by UK-based GW Pharmaceuticals, will be used to cure children aged 2-years old, who suffer from Dravet Syndrome and Lennox-Gastaut Syndrome, rare childhood-onset forms of epilepsy. Epidiolex is a purified form of cannabidiol (CBD), one of the hundreds of molecules found in the marijuana plant. It contains less than 0.1% of Tetra-Hydro-Cannabinol (THC), which makes people high. In simple words, the new drug is an oral solution of cannabidiol (CBD) and does not cause intoxication or a high.

Notes:
The Numaligarh Refinery Ltd (NRL) in Assam has become the first oil public sector undertaking (PSU) to adopt an online legal compliance system by introducing ‘Legatrix’. The cloud-based compliance management system ‘Legatrix’ is a one-stop solution for effectively managing the organisation’s legal and regulatory compliances through monitoring control at different levels. It encompasses the requirements of laws like labour, taxation, IT, commercial, export-import, corporate laws and other industry-specific laws. This initiative augments the NRLs contribution towards the Digital India Mission and induces greater transparency in its operations.

Notes:
The United Nations Educational, Scientific and Cultural Organization (UNESCO) has inscribed Colombia’s Chiribiquete National Park (CNP) on its list of world heritage sites. The park, which straddles the southern provinces of Caquetá and Guaviare, is the country’s largest and has one of the highest rates of plant diversity in the northern Amazon. It is also famous for its table-top rock formations known as tepuis, which rise out of the forest. The national park was established on September 1989, after hundreds of rock paintings dating as far back as 18,000 years BCE were discovered on the vertical rock faces of the area. It is the ninth site in Colombia to be given world heritage status.

Notes:
Malaysian shuttler Lee Chong Wei has won the Malaysian Open Badminton men’s singles title for a historic 12th time. In the men’s final in Kuala Lumpur on July 1, he defeated young Japanese shuttler Kento Momota in straight games 21-17 23-21 in 71 minutes. In the women’s singles final, top seed Tai Tzu Ying from Taiwan defeated China’s He Bingjiao by 22-20, 21-11.

Notes:
The Sunil Mehta committee which was formed with a view to tackle Non-Performing Assets (NPAs) and creating credit capacity submitted its report with recommendations to Union Finance Minister Piyush Goyal on July 2, 2018. The Sunil Mehta panel presented project ‘Sashakt’ and has recommended a five-pronged strategy to deal with NPAs in the country’s banking system. The five-pronged strategy includes — SME Resolution Approach (SRA), Bank Led Resolution Approach (BLRA), AMC / AIF led resolution approach, NCLT / IBC approach, and asset-trading platform. The report recommends a five pronged approach for loans from Rs 50 crore, Rs 50-500 crore and loans above Rs 500 crore. The committee has also suggested an asset trading platform for both performing and non-performing assets. The plan focuses on turning around assets in a manner that will create additional jobs by reviving businesses and prevent job losses from foreclosures.

Notes:
The Election Commission of India (ECI) has launched user-friendly android app “cVigil” for citizens to report any violation of Model Code of Conduct (MCC) during elections. The unique Internet-based beta version of the application ‘cVIGIL’ stands for “citizens’ vigil”. The app will be active only in States where elections have been announced. The application will be operationalised for the first time from the forthcoming Assembly elections in the States of Chhattisgarh, Madhya Pradesh, Mizoram and Rajasthan. By using this app, citizens can immediately report on incidents of misconduct within minutes of having witnessed them and without having to rush to the office of the returning officer to lodge a complaint. The user will get 5 minutes to report an incident after having clicked a picture or a video. To prevent any misuse, the app will not allow uploading of the pre-recorded or old images and videos. The new app is expected to fill in all these gaps and create a fast-track complaint reception and redressal system.