Monthly Current Affairs Quiz - March, 2018

Notes:
India has successfully test-fired Anti Tank Guided Missiles (ATGM) Nag in desert conditions against two tank targets at different ranges and timings on Feb 28, 2018. With this, the developmental trials of the missile have been completed and it is now ready for induction. The third-generation ‘fire-and-forget’ anti-tank missile ‘Nag’ has been developed by the Defence Research and Development Organisation (DRDO) under the Integrated Guided Missile Development Program (IGMDP). It has a operational range of 500m to 4km (Land version) & 7-10km (Air-launched).

Notes:
The All India Radio (AIR) and National Book Trust (NBT) has recently signed a MoU to preserve and promote cultural heritage and folk songs sung on various occasion across the country. Several traditional and folk songs have been recorded under the Akashvani Lok Sampada Sanrakhshan Mahapariyojana. The MoU was inked in presence of Director General of AIR, F. Shehreyar and NBT Chairman, Baldeo Bhai Sharma in New Delhi. Through NBT, All India Radio will provide information to people about the rich heritage of folk songs preserved by it. The NBT will publish the Sanskar and folk songs. The NBT is an Indian publishing house functions under aegis of Ministry of Human Resource The headquarters of NBT is located in Vasant Kunj, Delhi.

Notes:
The Union Cabinet has approved the establishment of National Financial Reporting Authority (NFRA). The NFRA will act as an independent regulator for the auditing profession which was one of the key changes brought in by the Companies Act 2013. The jurisdiction of NFRA for investigation of Chartered Accountants and their firms will be extended to the listed companies and large unlisted public companies. The Cabinet also gave nod to the Fugitive Economic Offenders Bill – 2018 to deal with those escaping overseas to avoid getting caught. The Bill will help in laying down measures to deter economic offenders from evading the process of Indian law by remaining outside the jurisdiction of Indian Courts. According to Union Finance ministry, the economic offences worth Rs 100 crore or more will come under the purview of the Bill.

Notes:
India’s star wrestler Vinesh Phogat has settled for Silver Medal in the 50kg Freestyle competition at the Asian Wrestling Championship in Kyrgyzstan on March 1. In the final of the event at Bishkek, she lost to China’s Chun Lei. Another Indian, Sangeeta claimed Bronze in 59kg division. 

Notes:
The Karnataka government has launched the world’s largest solar park ‘Shakti Sthalaon’ at Pavagada in Tumakuru district, about 180km from Bengaluru. The solar park has a capacity of 2,000 MW and has set up at an investment of Rs16,500 crore. The first phase of the park will generate 600MW, while the balance 1,400MW is expected to be commissioned by the end of 2018. The park will create employment and act as an incentive for natives and farmers to explore new opportunities of socio-economic growth in the region.

Notes:
The Indian Snooker team has lifted the first edition of IBSF Snooker Team World Cup title and won the prize money of $15,000. The Indian duo of Pankaj Advani and Manan Chandra defeated Pakistan (Muhammad Asif, Babar Masih) in the best-of-five final played in Doha on March 2.

Notes:
Actor-politician Shatrughan Sinha has been honoured with a lifetime achievement award for his contribution to the fields of arts and politics at a ceremony in the UK’s Parliament complex on March 2, 2018. The annual ‘Political and Public Life Awards’ presented by Britain’s Asian Voice weekly newspaper, recognises individuals who have made a significant impact on public life or made a difference in their local communities. Sinha, who started his career as an actor in late 1960s, has to his credit over 225 Hindi feature films besides several in other Indian languages. A member of the ruling BJP, he represents Bihar state’s Patna Sahib constituency in the Lok Sabha, the lower house of Parliament.

Notes:
The Union government has set up a steering committee to consider various issues relating to the development of Fintech space in India with a view to make Fintech related regulations more flexible and generate enhanced entrepreneurship. The move is a follow up to the announcement made by Finance Minister Arun Jaitley in his Budget speech of 2018-19. The 8-member committee headed by Economic Affairs Secretary, Subhash Chandra Garg will also focus on how Fintech can be leveraged to enhance financial inclusion of MSMEs. According to the terms and reference, the committee will take stock of the developments in the fintech sector globally, and in India. It will also work with Government agencies like UIDAI to explore creation and use of unique enterprise identification number.

Notes:
The World Wildlife Day (WWD) is observed every year on March 3 to raise awareness about our planet’s flora and fauna. On this day, the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) was finalised & and the day has been celebrated as World Wildlife Day since 2014. CITES is an international agreement between the governments of 183 countries to protect wild plants and animals and ensure their survival. The 2018 theme is ‘Big Cats: Predators under Threat’. The day is an opportunity to celebrate the many beautiful and varied forms of wild fauna and flora and to raise awareness of the multitude of benefits that conservation provides to people.

Notes:
The 9th edition of the Women’s Film Festival (WFF-2018) will be organized by the National Film Archives of India (NFAI) from 9 to 11 March at NFAI Pune. The theme of the fest is ‘Travelling Women’. It will open with Sidney Pollack’s Out Of Africa, featuring Meryl Streep. The festival will feature other acclaimed films including Away We Go, Under the Tuscan Sun, and Wild. The closing film is Eat Pray Love, starring Julia Roberts. On March 8, NFAI will also host a special event “Parikathe til Rajkumari”, and screen audiovisual clips paying tribute to women in Indian cinema, from the birth of Indian cinema till the 1960s. The festival to mark the 2018 International Women’s Day will screen Balu Mahendra’s Tamil film Moondram Pirai, in remembrance of actress Sridevi.