Current Affairs for 16 May 2019
BANKING AND ECONOMY
CURRENT AFFAIRS VIDEO
- Global Drugs Survey (GDS) 2019 reveals that out of 35 countries, Indian respondents showed the highest enthusiasm to leave alcohol and sought help to do so.
- According to the survey, 51% of the respondents wanted to ‘drink less’ in the following year and 41% ‘wanted help to do so’ which the highest percentage among other countries.
- Indian Coast Guard ship- ICGS Vigraha was decommissioned at Vishakhapatnam.
- ICGS Vigraha was commissioned in 1990.
- The GOI has set up a ‘Special Operations Command’ which will include the special operations, cyber and space The command has been set up to handle warfare situations and tasks in all three areas.
- The tri-services division has been set up on Naresh Chandra Committee’s recommendation in 2012.
- Major A K Dhingra has been appointed as the First commander of the Special Operations Division of this tri-divisions.
- Navy’s Rear Admiral Mohit Gupta will be the chief of the Defence Cyber Agency.
- Air Force’s Vice Marshall will head the Defence Space Agency.
- Indian Navy’s first full-fledged Service Selection Board (SSB) has been inaugurated at Diamond Harbour, near Kolkata for the selection of both Permanent and Short Service Commission officers.
- The other Boards are located in Bhopal, Bengaluru, Visakhapatnam and Coimbatore.
- India has signed the ‘Christchurch Call To Action’ which is pioneered by New Zealand and France governments following the Christchurch attacks in New Zealand.
- Purpose: – To eliminate the spread of extremist and terror provoking content on online platforms.
- Microsoft, Google, Twitter, Facebook and Amazon and 26 countries were the participants in the Christchurch Call Summit which took place in Paris.
- Kerala government has decided to digitize all its legislative records under the National e-Vidhan Application (NeVA) Project.
- Himachal Pradesh is the first Digital Legislature of the country.
National e-Vidhan Application (NeVA) Project
Ministry of Parliamentary Affairs- nodal ministry (Providing funds); Ministry of Electronics and Information Technology (Providing technical support)
NeVA aims to bring all the legislatures of the country together, on one digital platform.
- Sculptor Anish Kapur (aged 65) has topped ‘Hurun India Art List 2019’ with sales touching Rs 168.25 Crores.
- The list ranks top 50 Indian artists alive on the basis of their works at public auctions from April 2018 to March 2019.
- National Mission for Clean Ganga signed a tripartite MoU with HCL Foundation and Indian National Trust for Art and Culture Heritage (INTACH).
- Purpose: – For plantation of 10,000 Rudrakash trees alongside Ganga catchment area as a part of CSR initiative under the ‘Namami Gange’ Programme.
- Mumbai witnessed the Zero Shadow Day phenomenon.
- Zero Shadow Day occurs when the sun is exactly above you and no shadow is being formed. It occurs twice a year.
- Election Commission has for the first time, invoked Article 324 to stop the election campaigning a day before its deadline in nine West Bengal constituencies due to the violence in Kolkata.
- Part XV, Article 324 of Indian Constitution provides that the power of superintendence, direction and control of elections to parliament, state legislatures, the office of president of India and the office of vice–president of India shall be vested in the Election Commission.
- Powers for conduction of elections for the Municipal Corporation is vested with State Election Commissions.
- Alabama Senate passed the abortion Bill, which restricts the termination of pregnancy, even in cases of rape and incest, and could imprison doctors who perform the procedure.
- Nepal’s Sherpa Kami Rita (aged 49) climbed Everest for the 23rd time, the maximum number of climbing till now.
- China has blocked Wikipedia in all language versions. Google, Facebook, LinkedIn and Whatsapp were among the app/sites that had been blocked by China.
- Wikipedia had joined a growing list of websites that were inaccessible in China, which in recent years has tightened its grip on access to information online.
- 6th Session of the biennial Global Platform for Disaster Risk Reduction 2019 started in Geneva, Switzerland under the theme of ‘Resilience Dividend: Towards Sustainable and Inclusive Societies’.
- It is co-chaired by Switzerland and UNISDR.
- Purpose: – To check the implementation of Sendai Framework.
- Sendai Framework for Disaster Risk Reduction 2015-2030 is a 15-year, voluntary, non-binding agreement that aims to reduce the loss of life and livelihood.
- China has discovered fossils of new species of dinosaur’s with a pair of bat-like wings, called as Ambopteryx longibranchium (which in Latin means “both wings, long upper arm”).
- The new finding, published in the Zoological Journal of the Linnean Society, acknowledged the presence of White-throated rail (Dryolimnas cuvieri) that were extinct for more than 136,000 years reappeared on Indian Ocean Island.
- The bird has become flightless again.
- White-throated rails are originally from Madagascar after that they migrated to Aldabra Atoll, Seychelles.
BANKING AND ECONOMY
- Tata Global Beverages Ltd and Tata Chemicals Ltd are merging in an all-stock transaction.
- The new merged entity will be called Tata Consumer Products Ltd.
- RBI’s Payment and Settlement Systems in India: Vision 2019–2021 targets to achieve a ‘highly digital’ and ‘cash-lite’ society through the goal posts of competition, cost effectiveness, convenience and confidence (4Cs).
- RBI aims to increase the digital payments four times in 2 years.
- National Stock Exchange (NSE) penalized 250 companies for not adhering to SEBI’s various regulations of Listing Obligation and Disclosure Requirement Regulations (LODR) amendment 2018 for the quarter ended March 2019.
- SEBI’s Listing Obligation and Disclosure Requirement Regulations (LODR) was first implemented in 2015 and amendment took place in 2018.
- The fine shall be credited to the “Investor Protection Fund” of NSE as per the SEBI circular.
- Alternative investment funds (AIFs) got investments worth ₹1.17 trillion in fiscal 2019, signalling a growing investor’s interest in Asia’s third-largest economy, according to SEBI’s data.
- Sebi introduced the AIF in 2012 to ease capital flows into alternative asset classes such as private equity, venture capital, infrastructure and realty, private credit, and hedge funds.
- According to the Reserve Bank of India (RBI), the number of ATMs across the country has declined over the last 2 years despite the rising transactions.
- According to RBI data, India had 222,066 operational ATMs as of March 2019.
- Only 22 ATMs for every 100,000 adults, India lags behind its BRICS peers on this count. Brazil has 107, Russia 164, China 81 (in 2016) and South Africa 68.
- Grofers has raised $200 million from the Softbank Vision Funds, making it the largest amount being invested in India’s online grocery delivery industry so far.
- Softbank is a Japanese multinational conglomerate holding company headquartered in Tokyo, Japan.
- HDFC has partnered with India Mortgage Guarantee Corporation (IMGC) for a mortgage guarantee-backed home loan.
- Mortgage guarantee compensates banks or financial institutions for losses that may arise when borrower of a home loan defaults on a mortgage loan.
- RBI imposed ₹1 crore penalty on Nainital Bank under the provisions of the Banking Regulation Act, 1949.
- Reason: – For failing to fully automate the non- performing asset (NPA) identification process, despite specific directions issued in this regard.
- International Day against Homophobia, Transphobia and Biphobia has been observed on May 17.
- Theme for 2019: – “Justice and Protection for All”.
- United Nations High Commissioner for Refugees (UNHCR) held a series of consultations to assess whether LGBTI refugees are better protected against harm, and can they raise voice against violence and discrimination.
- The second edition of International Day of Light was observed on 16 May 2019 by UNESCO.
- International Day of Light appreciates role light plays in science, culture and art, education, and sustainable development, and in fields as diverse as medicine, communications, and energy.