Current Affairs Quiz - September, 2024

Notes:
Oceanographers found a new seamount on the Nazca Ridge, 900 miles off Chile’s coast. Nazca Ridge is a submarine ridge in the southeastern Pacific Ocean near South America. It is around 1,100 kilometers long and varies in width. The ridge starts at the Nazca Plate off Peru and extends southwest towards Easter Island, Chile. It was created by volcanic activity from a hotspot in the Earth’s mantle. The ridge consists of unusually thick basaltic ocean crust.
It is tectonically active, subducting beneath the South American Plate at the Peru-Chile Trench.

Notes:
Japanese anime director Hayao Miyazaki recently won the Ramon Magsaysay Award, known as Asia’s Nobel Prize. This award is Asia’s top honor, recognizing transformative leadership and spirit. Winners receive a certificate and a medallion with Ramon Magsaysay’s profile. From 1958 to 2008, the award was given in six categories: Government Service, Public Service, Community Leadership, Journalism and Creative Arts, Peace and International Understanding, and Emergent Leadership. The award ceremony is held annually on August 31 in Manila, Philippines, marking the birth anniversary of President Ramon Magsaysay, after whom the award is named.

Notes:
The Union Ministry of Commerce and Industry recommended an anti-dumping duty on aluminium foil imported from China. Anti-dumping duty is a tariff imposed on foreign imports priced below fair market value. Dumping occurs when a product is exported at a price lower than in its domestic market. The duty matches the price difference between the import price and market value in the exporting or other similar markets. It aims to protect local businesses from unfair competition by foreign imports. The World Trade Organization (WTO) allows anti-dumping measures to ensure fair competition. Legal action requires evidence of genuine harm to domestic industries.

Notes:
World Coconut Day is observed every year on September 2nd to highlight the importance of coconuts. It aims to raise awareness about various uses of coconuts and promote sustainable farming practices. The theme for World Coconut Day 2024 is “Coconut for a Circular Economy: Building Partnership for Maximum Value.” The day was first celebrated in 2009, initiated by the International Coconut Community (ICC), a UNESCAP intergovernmental body. The ICC includes 21 coconut-producing countries, with India as a founding member. The ICC’s headquarters is located in Jakarta, Indonesia, and it was known as the Asian and Pacific Coconut Community until 2018.

Notes:
Nitish Kumar won India’s second gold medal at the 2024 Paris Paralympics in men’s singles Badminton SL3 class. Earlier, Avni Lekhara won India’s first gold medal in the Women’s 10m air rifle standing SH1 event. The 17th Summer Paralympics is taking place in Paris, France, from 28 August to 8 September 2024. Nitish, aged 29 and world No. 1, defeated Daniel Bethell of Great Britain in a close match, winning 21-14, 18-21, 23-21. Nitish lost his leg in a train accident in 2009 and was inspired by Pramod Bhagat to play badminton in the SL3 class.

Notes:
The World Bank stated that India’s medium-term outlook remains positive despite challenging global conditions. India’s growth is expected to reach 7% in the financial year 2024-25 and stay strong in 2025-26 and 2026-27. The World Bank released a report ‘India Development Update: India’s Trade Opportunities in a Changing Global Context’ on 3 September 2024. With strong revenue growth and fiscal consolidation, the debt-to-GDP ratio is projected to decrease from 83.9% in 2023-24 to 82% by 2026-27. The current account deficit is expected to remain around 1 to 1.6% of GDP until 2026-27. The World Bank emphasized the importance of trade for growth but noted that increased protectionism and barriers could limit trade opportunities.

Notes:
The Uttar Pradesh government announced a Vedic-3D museum at Sampurnanand Sanskrit University in Varanasi. The museum will focus on Indian astrology, astronomy, and Vedic literature, showcasing the evolution of Vedic traditions like the 16 Sanskars, 64 arts, and 18 Vidya Sthans. It will display rare manuscripts preserved in Saraswati Bhawan, including “Raas Panchadhyayi,” Shrimad Bhagwat Gita, and Durgasaptashati, adorned with gold artistry. The museum aims to revive ‘Shastrartha’ (spiritual discourse) and deepen knowledge in Vedic literature.

Notes:
Kapil Parmar won a bronze medal at the Paris Paralympics 2024 in the Para Judo Men’s J1-660 Kilogrammes event. He defeated Elielton de Oliveira from Brazil 10-0 via an Ippon, marking India’s first Paralympic medal in Judo. Parmar had previously won a silver medal in the 2022 Asian Games. He also won against Venezuela’s Marco Dennis Blanco 10-0 in the quarterfinals. Despite receiving yellow cards for minor infractions, Parmar excelled in the event. Parmar, from Shivor village in Madhya Pradesh, survived a severe childhood accident involving an electric shock and spent six months in a coma.

Notes:
The Union Ministry of Textiles launched the VisioNxt web portal to make India a global fashion leader. The portal provides real-time, India-specific fashion trend insights, reducing reliance on foreign forecasting agencies. It was launched by Union Minister Giriraj Singh on 5 September 2024 in New Delhi. The India-specific Fashion Trend Book ‘Paridhi 24×25’ was also unveiled at the event. The VisioNxt portal was developed by the National Institute of Fashion Technology (NIFT). Located at NIFT Chennai, VisioNxt uses AI and emotional intelligence, with a prediction model called “DeepVision” to interpret Indian fashion trends.

Notes:
India’s first conservation and breeding centre for the Asian King Vultures was inaugurated in Gorakhpur’s Campierganj Range by Chief Minister Yogi Adityanath. The Jatayu Conservation and Breeding Centre aims to boost the population of this critically endangered species, listed in the International Union for Conservation of Nature’s red list since 2007. The ₹2.80 crore facility includes various aviaries, a veterinary section, and administrative buildings. Six vultures have been introduced to the centre, with a plan to release 40 pairs over the next 8 to 10 years.