Current Affairs for May 23, 2019
BANKING AND ECONOMY
CURRENT AFFAIRS VIDEO
- Mumbai is the most vulnerable city to cyberattack according to the Quick Heal Security Lab’s “Annual Threat Report 2019” followed by Delhi and Bengaluru.
- FSSAI has permitted small organic producers (with annual turnover of over Rs 12 lakh) to sell their produce directly to the consumers without certification till April, 2020.
- However, they are not allowed to use ‘Jaivik Bharat logo’ on their products.
- A similar relaxation is also given to ‘aggregators’ (annual turnover of Rs 50 lakh).
- The organic food retail firms have to comply with the certification norm.
- Kids Rights Foundation’s index “Kids Rights Index 2019” ranks India at 117th position.
- Parameters: – Right to Life, Right to Health, Right to Education, Right to Protection, Enabling Environment for Child Rights.
- Maharashtra government has signed the Socially and Educationally Backward Classes (Amendment and Validation) Ordinance, 2019 which will give reservation in post-graduate Medical and Dental courses under Maratha Quota.
- Besides courses, the ordinance will provide reservation in government jobs in the state.
- Department of Biotechnology (DBT), Ministry of Science & Technology and the Department of Atomic Energy (DAE) have signed an MoU to boost joint research in Cancer and bring a change in present scenario.
- DAE is represented by its Tata Memorial Centre which functions as the coordinating centre on behalf of The National Cancer Grid of India.
- Assam Rifles and Indian Coast Guard have signed a ‘Charter of Affiliation’ to utilise each other’s assets for operational training, sports and adventure.
- Affiliation has been carried out between 3rd (Naga Hills) Battalion of Assam Rifles and the Indian Coast Guard Ship ‘Shaurya’.
- Indian Air Force has successfully test-fired the BrahMos air missile from its Su-30 MKI fighter aircraft.
- BrahMos Aerospace is the joint venture entity between India’s Defence Research and Development Organisation (DRDO) and Russia’s NPO Mashinostroyenia (NPOM).
- Flight Lt. Bhawana Kanth has become the first Indian woman fighter pilot to be qualified to undertake combat missions.
- She completed operational syllabus for carrying out combat missions on Mig-21 Bison aircraft during day time.
- Rohini Commission (chaired by Justice G Rohini) has got a 2 months extension from President Ram Nath Kovind.
- The Commission was set up by Union government in October 2017 to examine the distribution of benefits of sub-castes which fall under the criteria of Other Backward Classes.
- Jaipur Foot (the manufacturing arm of the parent body, Bhagwan Mahaveer Vikalang Sahayata Samiti (BMVSS)) has signed an MoU with India Business Forum, Korea.
- Purpose: – for promoting research and development and transfer of technology on prosthetic limbs, bionic arms, 3-D printing-based flat foot solution and mobility solutions, including wheelchair safety, between India and South Korea.
- Cochin International Airport Ltd. (CIAL) will hold an international summit for the managing directors of the airports of member countries of International Solar Alliance.
- Purpose:- To provide consultancy for adopting the CIAL model at global level.
- Cochin International became the world’s first solar-powered airport in 2015.
- ISRO flagged off the shipment of India’s largest liquid hydrogen storage tank (with 120 kilolitres capacity) at VRV Asia Pacific production plant in Sri City.
- VRV Asia Pacific has manufactured the storage tank with a liquid nitrogen (LIN) shield, in collaboration with Satish Dhawan Space Centre (SDSC) SHAR, under Make in India initiative.
- Liquid hydrogen is used as fuel for satellite launch vehicles.
- Ministry Of Health And Family Welfare has released the Comprehensive Multi-Year Plan For Immunization, which will cost an estimated ₹52,220 crore between 2018 and 2022.
- It is 52% higher than the ₹34,336 crore the country had spent between 2013 and 2017.
- India will soon have to fully finance its universal immunization programme as it will stop receiving support from the Global Alliance for Vaccines and Immunization (GAVI) which provided $749.6 million between 2000 to 2018.
- Health Ministry aims to achieve 90% immunization coverage by 2020 through Mission Indradhanush.
|Ministry||Ministry of Health and Family Welfare|
|Purpose||to ensure full immunization cover|
- According to a draft report of the Central Ground Water Board (CGWB) Ground water found at a depth of about 100 metres in north-west India will be exhausted within the next 10 years, indicating its over-exploitation in the region.
- As per data from 1994 to May 2018, an annual gross groundwater withdrawal was 35.78 billion cubic meters (BCM) against the annual recharge of 21.58 BCM.
- Groundwater level has been falling at the rate of 51cm every year and, at present, it is at a depth of 10-65 metres in the region.
- The all available groundwater resources till a depth of 300 metres in Punjab, Haryana and Rajasthan will be exhausted in the next 20-25 years, if the current rate of extraction goes on.
- The extraction of ground water in the region has increased from 149% in 2013 to 165% in 2018.
- United Nations General Assembly has passed a resolution seeking transfer of Chagos Archipelago’s sovereignty from United Kingdom to Mauritius (to which the Island originally belonged).
- UK has bought the island from Mauritius in 1965 in exchange of the latter’s independence.
- Chagos Archipelago had been renamed as British Indian Ocean Territory under UK’s reign.
- Pakistan has successfully test fired an intermediate-range nuclear-capable ballistic missile- Shaheen-II aimed at the Arabian Sea.
- Shaheen-II Missile is capable of carrying both conventional and nuclear warheads upto a range of 1,500 km.
- China has delivered the first overhauled multi-role JF-17 fighter jets to Pakistan’s Air Force as part of their joint project.
- China and Pakistan had begun joint development and manufacture of the single-engine light JF-17 jets over a decade ago.
- According to a new study published in the Journal Nature, China (particularly two eastern provinces- Hebei and Shandong) is the major producers of CFC 11 (trichlorofluoromethane) which is banned under the Montreal Protocol (on Substances that Deplete the Ozone Layer).
- Montreal Protocol (1987) is an international treaty designed to protect the ozone layer by phasing out the production of numerous substances that are responsible for ozone depletion.
BANKING AND ECONOMY
- Karnataka Bank has introduced a new savings bank (SB) scheme ‘KBL SB – Salary’, for the salaried class with three variants- SB Salary Executive, SB Salary Prime, and SB Salary Classic.
- Purpose: – To cater the financial needs of the ‘employer-employee ecosystem’.
- Free of cost insurance coverage of up to Rs 50,000 against chain snatching, theft and burglary for women employees falling in the top category of the salary scheme will also be provided.
- According to RBI, the increase in bank loans to infrastructure sector in FY19 is the highest since 2013 when it was 15.83 per cent to ₹7.29 lakh crore.
- Bank loans to the overall industrial sector grew by 6.9% to ₹28.58 Tn in FY19. In FY18, loans to industries had grown by 0.7%.
Bank Credit to Infrastructure sector
As of March 2018
₹10.55 Tn (18.5% increase)
- State Bank of India (SBI) and FMCG arm of The Art of Living — Sri Sri Tattva have partnered to provide the FMCG’s product range on the YONO app platform at a 15% discount.
- Tech Mahindra has signed a defence contract worth ₹300 crore with Indian Navy to implement RFID (Radio Frequency Identification) based access control system across all naval bases and ships as part of the ‘Armed Forces Secure Access Card’ (AFSAC) Project.
- It will remove the existing paper based identity card for all navy personnel.
- The project will be implement over two years.
- The CMMI (Capability Maturity Model Integration) level 5 processes will be used to develop a secure application to manage the access control devices.
- Justices B.R. Gavai, Surya Kant, Aniruddha Bose and S. Bopanna have been appointed in the panel of judges in Supreme Court.
- With these entries, SC now has the total 31 judges– the full sanctioned limit of judges in SC- after a period of 5 years.
- TAFE, has appointed Akshay Kumar as its brand ambassador for the Massey Ferguson brand.
- TAFE is India’s second largest tractor manufacturer by volumes.
- Jokha Alharthi won the prestigious Man Booker International Prize 2019 for her book ‘Celestial Bodies’.
- She is the first female Omani author to be translated into English by American academic Marilyn Booth (who is sharing the prize with Alharthi).
- Brook Koepka has been ranked at Number 1 in the World after winning US PGA Championship 2019 held in New York.
- Indian women’s hockey team has won the two matches to beat South Korea in the three-match bilateral series in South Korea.
- Bangladesh all-rounder Shakib Al Hasan has been ranked at the top in the ICC players ranking for ODI All-Rounders, preceding the former number 1 ranker Rashid Khan.
- Sethu FC team has won the 3rd edition of Indian Women’s League (cricket) 2019.
- China has won the Surdiman Cup 2019 by beating India.
- The cup (officially known as the 2019 Total BWF Sudirman Cup for sponsorship reasons) is the biennial international badminton championship.
- Ruskin Bond released memoir ‘Coming Round the Mountain’ at the iconic Cambridge bookstores in Mussourie, on the occasion of his 85th birthday.
- Coming Round the Mountain is the third instalment of Bond’s award-winning memoir series for children that includes “Looking for the Rainbow” and “Till the Clouds Roll By”.