Current Affairs for May 21, 2019
BANKING AND ECONOMY
CURRENT AFFAIRS VIDEO
- Central Water Commission (CWC) has issued a drought advisory to six States namely, Maharashtra, Gujarat, Karnataka, Andhra Pradesh, Telangana, and Tamil Nadu.
- Purpose: – To warn them to use water judiciously as water levels in dams/reservoirs have dropped to a critical level.
Drought advisory is issued to states when the water level in reservoirs is 20% less than the average of live water storage figures of the past 10 years
- Rajasthan government is planning to revamp its “Ujala Clinics” for adolescents by appointing peer educators and “shadow educators” for counselling of youngsters and ensure better coordination with other medical and health schemes.
- Ujala Clincs under Rashtriya Kishor Swasthya Karyakram was launched in 2014 with Peer Education Programme as one of the component.
- Under this, Peer Educators are selected and trained on six thematic areas of RKSK namely- nutrition, sexual and reproductive health, substance misuse, non – communicable diseases, mental health, injuries and violence.
- India-Myanmar began the 8th edition of their joint naval coordinated patrol- IMCOR.
- CORPAT (coordinated patrol) aims to address issues of terrorism, illegal fishing, drug trafficking, human trafficking, poaching and other illegal activities inimical to interest of both nations.
- The initiative was started in 2013.
- The National Cadet Corps (NCC) Girls’ Mountaineering Expedition to Tenchenkhang in Sikkim was ‘Flagged Off’.
- Indian government has recently opposed the First-ever report on the Situation of Human Rights in Kashmir (2018) released by Office of the United Nations High Commissioner for Human Rights.
- Reason:- According to India, the outrageous numbers of violence by security forces in Kashmir as shown in the report is ‘biased’ and ‘unauthenticated’.
- Telangana’s Karimnagar Municipal Corporation has launched the “Antim Yatra-Akhri Safar” scheme for the poor people at just Rs 1.
- Under the scheme, the expenses of the funeral will be borne by the municipal corporation.
- Gujarat government has planned to supply treated waste water to the industries instead of the fresh water which will be used for drinking and irrigation purposes only.
- As of today, Gujarat’s total sewage water generation is 4,000 MLD (million litres per day), and treatment capacity is 3,500 MLD.
- In the next 2-3 years, the government is planning to add new capacity of 1,500 MLD, with the setting up of new Sewerage Treatment Plants and expanding the existing ones.
- TEN British-era single barrel rifles have been excavated in Kakinada, Andhra Pradesh.
9. NaMo TV (channel for publicising PM Narendra Modi’s rallies and political messages) has gone off air.
- US has approved more than $600 million in air-defense missile sales to South Korea and Japan.
- US has approved 94 SM-2 missiles (Standard Missiles) used by ships against air threats, along with 12 guidance systems for a total cost of $313.9 million.
- It separately approved the sale of 160 anti-air AMRAAM missiles and related guidance equipment to Japan for $317 million.
- AMRAAM missiles – Advanced Medium-Range Air-to-Air Missile
- Australian National University has developed a computer programme called “Flye” to find out a person’s genetic makeup which can help in developing precision medicine.
- It will provide a step-by-step procedure for computers to assemble genomes (a person’s complete set of genes).
- 2019 Shanghai Cooperation Group (SCO) meeting is scheduled to take place in Bishkek, Kyrgyzstan.
BANKING AND ECONOMY
- Tripura Gramin Bank is among the India’s top 3 out of the 46 Regional Rural Banks (RRBs) in terms of profit, business, and growth.
- It posted a net profit of 125.45 crores in the fiscal year 2018-19 for seven consecutive years.
- Chairman of TGB is Mahendra Mohan Goswami and Head office- Agartala.
- Facebook has registered its Fintech startup “Libre Networks LLC” in Geneva, Switzerland.
- The firm will focus on blockchain and fintech payments data as well as investing services.
- Indian Government has allowed the import of second hand mobile phones which were previously banned, with prior approval from Bureau of Indian Standards (BIS).
- As per a May 7 notification by the commerce ministry, the imports are required to be registered with BIS and comply with BIS’s Labelling requirements.
- Ministry of Corporate Affairs is planning to introduce Artificial Intelligence system in the MCA 21 portal when its version 3 is rolled out within a year.
- Purpose: – To make the compliance process easier as well as to ensure routine enforcement activities are done regularly on autopilot basis.
- Boeing India has launched the “Boeing University Innovation Leadership Development (BUILD) programme” for university students, faculty and early stage startups.
- Boeing has partnered – IIT Delhi, IIT Gandhinagar, IIT Bombay, IIT Madras, IISc Bangalore, T-Hub Hyderabad, and KIIT Bhubaneswar – to select finalists for the BUILD boot camps.
- Purpose:- To help innovators convert ideas into viable business offerings with a view to boost aerospace and defence.
- Google has banned Huawei’s access to its Android operating system and apps after the ban imposed by US on the Chinese tech firm.
- According to Ministry of Commerce data, Gold imports have increased 54% to USD 3.97 billion in April as compared to USD 2.58 billion in April 2018.
- Implication: – With this rise, the trade deficit of India has increased in gold imports to a five-month high of USD 15.33 billion in April.
- In 2018, Supreme Court banned the sale of BS-IV vehicles w.e.f. 1st April 2020 and mandated the BS-VI vehicles.
- BS (Bharat Stage), introduced in 2000, are standards to regulate emission of air pollutants from motor vehicles which are based on European Regulations.
- Revenue Department collected taxes on personal and corporate income nearly ₹11.2 trillion in FY19, which is 12% high from the previous year.
- The achievement still fell short of the ₹12 trillion the finance ministry had hoped to collect by March as it revised the target upwards while presenting the interim budget for FY20 in February.
- Implication: – This shortfall in FY19 means the income tax department will have to achieve a 23% growth to meet the target of ₹13.8 trillion this fiscal.
- Kilogram unit- International System of Units (SI)- has been redefined.
- Earlier, the kilogram was defined by the Le Grand K, a platinum-iridium cylinder which has now been replaced by physics based approach.
- Government is planning to double the tax of vehicles which do not have a FASTag device installed.
- FASTag is a reloadable tag which enables automatic deduction of toll charges while going through the toll plaza without stopping for the cash transaction.
- Telecom Regulatory Authority of India (Trai) is planning to bring the Over-the-top (OTT) services under the licensing framework similar to the one for TV channel broadcasters.
- OTT refers to content providers that distribute streaming media as a standalone product directly to viewers over the Internet.
- Anti- Terrorism Day was observed on May 21 to wean away the youth from terrorism.
- UGC has asked higher education institutions and universities to organize debates, discussions, symposium, pledge taking ceremony and screening of films on this day.
- Kapil Sharma has registered his name in the World Book of Records, London as the most viewed stand-up comedian of India.
- Politician, Philanthropist and Poet Karan Singh launched his book “An Examined Life, Essays and Reflections”.
- World’s most mysterious Voynich Manuscript– a mid-15th century medieval transcript has finally been “partially decoded” by Dr Gerard Cheshire, from the University of Bristol.
- The manuscript is named after Wilfrid Voynich, a Polish-Samogitian book dealer who purchased it in 1912.