GK & Current Affairs Quiz: April 21&22, 2019

Notes:
The Chhyoiphel Kundeling Monastery has recently inaugurated by a Buddhist scholar Shyalpa Tenzing Rinpoche at Lisankhu village in Sindhupalchok district in Nepal. The Monastery has been reconstructed with Government of India (GoI) grant of 18.9 million Nepalese rupees. Deputy Chief of Mission, Embassy of India Dr. Ajay Kumar was also present on the occasion. In addition to reconstructing the monastery, the project also included building additional infrastructure such as residences, kitchen, sanitation facilities and compound wall. The Chhyoiphel Kundeling Monastery was established in 1946 with the active initiation and contribution of Lisankhu villagers. It has been carrying out various socio-cultural activities like teaching Buddhism,Thangka painting, wood carving and sculpting etc. Apart from being an important heritage building, the monastery is also an integral part of social and cultural life of people in the area.

Notes:
Russia has recently dismissed the findings of the long-awaited report by US Special Counsel Robert Mueller and said that it failed to present any evidence of Russian meddling in the 2016 US elections. The report titled “Report on the Investigation into Russian Interference in the 2016 Presidential Election” details extensive contacts between Donald Trump’s 2016 campaign and Russian operatives who, it said, sought to tilt the election in Trump’s favor. It is the product of a 22-month investigation by Robert Mueller. He was appointed to probe Russian interference in the 2016 elections and possible collusion between Russia and the Trump campaign. The 448-page report did not find evidence of a criminal conspiracy between Trump’s 2016 election campaign and Russia.

Notes:
Israeli President Reuven Rivlin has formally nominated Benjamin Netanyahu for a fourth consecutive term as prime minister and officially launched a process that is expected to result in a new government dominated by religious and nationalist parties in the coming weeks. Now, Netanyahu has 28 days to form a government, with a possible extension of a further two weeks. The results from the April 9 election put Netanyahu on course to become Israel’s longest-serving prime minister later this year, surpassing the state’s founding father David Ben-Gurion. If Netanyahu fails to form a coalition within 42 days, Benny Gantz (leader of the rival centrist Blue and White party) would be given a shot at assembling a government.

Notes:
The Cholamandalam MS General Insurance Company Limited has been certified with ISO 31000:2018 by TUV India for applying a risk management system in line with the standard. The Certificate is an international risk management standard which provides guidelines, principles, framework, and a process for managing risk. It can be used by any organization regardless of its size, activity or sector. The application of these guidelines can be customized to any organization and its context. It is valid for a period of 3 years from April 07, 2019, to April 06, 2022.

Notes:
On April 17, Bank of Maharashtra (BoM) has partnered with M1Xchange Trade Receivables Discounting System (TReDS) platform for MSME bill discounting. TReDS is a digital platform to support Micro, Small and Medium Enterprises (MSMEs) to get their bills financed at a competitive rate through an auction where multiple registered financiers can participate. In addition to TReDS platform of Receivables Exchange of India Ltd (RXIL) & Invoicemart (A.TREDS Ltd), the bank has now on-boarded as financier on the TReDS platform of M1Xchange of Mynd Solutions. Mynd Solutions is a technology management firm which runs the TReDS platform of M1Xchange. The main purpose of TReDS platform is to facilitate smooth flow of liquidity in the system and make finance available at a competitive rate. The cost of funds will be reduced for MSMEs as banks will be bidding based on the risk rating of a corporate.